On Tuesday, Boeing Co stated, BBAM, a lessor, had ordered three 737-800 converted freighters to service the growing e-commerce market and the express sectors of the air cargo market. The planes, which will be converted, will come from BBAM’s existing fleet. “This agreement shows how we can serve our customers by delivering efficient and reliable…
On Monday, UK’s Foreign Secretary Dominic Raab stated, Britain takes U.S. concerns on China’s telecoms equipment maker Huawei Technologies very seriously. Last month, Britain allowed Huawei a limited role in building the country’s 5G mobile network, despite U.S. concerns on Huawei. “There has been market failure in terms of high trust vendors being able to…
As per a source familiar with the matter at hand, ViacomCBS is working on a streaming service that will build on its CBS All Access platform. According to ViacomCBS executives, although a firm decision on this is yet to be taken, the company is considering a service with advertisements which will combine CBS All Access…
On Thursday, BMW’s spokesman stated, the carmaker will ramp up its capacities for producing drivetrain components for electric cars at its key Dingolfing plant. Dingolfing is located at around 50 miles (85 kilometers) northeast of Munich and is the group’s largest vehicle production site in Europe; it produces components for most of its electric cars.…
The coronavirus outbreak in China poses a potential threat to the mobile phone industry, said Qualcomm Inc while adding that it is likely to impact its manufacturing and sales. These comments by Qualcomm, the world’s biggest supplier of “modem” chips has resulted in the tumbling of chip stocks despite signs that an industry downturn was…
According to a source with direct knowledge of the matter at hand, Taiwan’s Foxconn aims to gradually restart operations at its factories in China and could resume full production within 3 weeks. Foxconn has filed requests to reopen factories with Chinese authorities, said the source while adding that a full resumption is likely towards the…
In a statement, Governor Lael Brainard of the U.S. Federal Reserve stated, the central bank is looking at a broad range of issues surrounding digital currencies and payments, including design, policy and legal considerations around potentially issuing its own digital currency. The development underscores an openness in the possibility of the Federal Reserve issuing its…
On Wednesday, Huawei Technologies stated, it aims to hold events around the forthcoming Mobile World Congress despite the coronavirus outbreak. The telecoms industry event draws more than 100,000 visitors to Barcelona. “We are keeping a close eye on matters and having to internally adjust accordingly and responsibly,” said Huawei’s spokesman after South Korea’s LG Electronics…
On Wednesday, Sky News reported, a leading British scientist has made a significant breakthrough in the race for a coronavirus vaccine. As a result the normal development time of “two to three years [has been reduced] to just 14 days”, reported Sky news. According to Robin Shattock, head of mucosal infection and immunity at Imperial…
The U.S. Food and Drug Administration (FDA) has granted emergency use approval to state public health laboratories to start testing for China’s coronavirus using kits developed by the Centers for Disease Control and Prevention (CDC). The approval will help speed up testing for the coronavirus, which has infected 11 people in the country as of…
