Air safety regulators in the United States have lifted grounding orders put in place in March 2019 after two deadly crashes of Boeing’s 737 Max plane and has allowed it to fly again. This approval is a crucial milestone for the airplane maker which was pushed into a financial crisis by the crashes and the…
In a statement the Vietnamese government said, Foxconn had commenced constructing a factory in the northern part of the country, to produce displays. The factory was scheduled to commence production after a year, said the Vietnamese government. Foxconn’s $26-million factory in Quang Ninh province has now produced its first batch of displays, said the government…
In a significant development, a group of major U.S. utilities which includes Uber and Tesla said they are launching a new lobby group which will lobby for national policies to boost the adoption of electric vehicles. The lobby group named Zero Emission Transportation Association, aims to boost the adoption of consumer electric vehicle and encourage…
Twitter Inc has announced the global launch of a new feature – tweets that disappear after 24 hours. The feature has similarities with Snapchat’s stories, and Instagram’s status feature. “Some of you tell us that Tweeting is uncomfortable because it feels so public, so permanent, and like there’s so much pressure to rack up Retweets and…
The third oldest airlines of the world, Australia’s Qantas Airways Ltd, completed its 100th birthday on Monday amidst one of the toughest year in aviation history because of the novel coronavirus pandemic. However the company’s chief executive said that the company is looking to the future with optimism. “Qantas every decade has literally reinvented itself,”…
All of the 34 per cent of stake that the Japanese auto maker Nissan Motor has in its Japanese counterpart Mitsubishi Motors is being planned to be sold out by Nissan, according to reports in the media quoting sources with knowledge of the matter. Analysts said that this move by Nissan, if actually true and…
In a significant development, SpaceX, Elon Musk’s rocket company launched four astronauts into space on a flight to the International Space Station on Sunday marking NASA’s first full-fledged mission sending a crew into orbit aboard a privately owned spacecraft. SpaceX’s Crew Dragon capsule, dubbed Resilience, lifted off on top of SpaceX’s Falcon 9 rocket at…
In a trade deal that is backed by China but excludes the United States, world’s largest free trade bloc was created by fifteen Asia-Pacific economies on Sunday. The US had left a rival Asia-Pacific grouping under President Donald Trump in 2017. This new trade deal which is known as the Regional Comprehensive Economic Partnership (RCEP)…
A special license was granted to Qualcomm Inc on Friday by the United States government allowing the company to now sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd in what is an exemption to trade restrictions imposed by the Trump administration on the Chinese firm as trade and geopolitical tensions increase between…
A strong demand for its trucks resulted in a much larger profit than Wall Street was forecasting which pushed the United State based auto giant back into the path of profitability in a big way in the third quarter. Profits of $2.6 billion excluding special items was reported by the company which was almost twice…
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