Germany calls for speeding up adoption of zero-emission powered vehicles

Zero emission or hydrogen fuel cell powered vehicles, could be the norm in the European Union. Not content with just financial incentives to wean consumers off gas guzzling automobiles, Germany plans to usher in a new age of pollution-free cars. Germany’s Bundesrat has passed a resolution calling for a ban on new internal combustion engine cars…

Boeing Wins $18 Billion Qatar Deal in Blow to Airbus

Providing a sales boost to the U.S. company’s upgraded 737 jetliner with one of the year’s largest commercial airplane deals, Boeing Co. landed an $18.6 billion deal with Qatar Airways for as many as 100 aircraft. Marking its first narrow-body order with Boeing since 1979, the Doha-based carrier pledged to buy as many as 60 of the…

Samsung’s expects rise of 5.6% in quarterly earnings despite the Note 7’s recall

More than 50% of its profits are derived from its chip and OLED manufacturing business. Despite the $1.8 billion Samsung has spent on recalling and replacing 2.5 million Galaxy Note 7s, the South Korean electronic giant has reported that it still expects a 5.6% increase in operating profit for the third quarter. Samsung’s profits are…

MIT researchers design a wet suite that can keep you warm in frigid water

Once commercialised, sport companies and the navy could reap the benefits of this invention. While large ocean dwelling creatures such as seals and whales keep their bodies warm in the chill ocean water with layers of blubber, smaller mammals such as otters and beavers use a different method for insulating their bodies from the cold.…

The New Too-Big-to-Fail Plan for Clearing Crisis Readied by EU

To prevent derivatives clearinghouses’ failure from wreaking havoc throughout the financial system, the European Union plans to give authorities sweeping powers to tackle ailing the clearinghouses. Rules on saving or shuttering clearinghouses that would apply to firms such as London-based LCH, have been laid down in the draft EU legislation, reported the media. From the powers…