Indonesian airlines Garuda Indonesia cancels $6 billion orders for Boeing 737-MAX 8

Negotiations with Boeing are ongoing. Garuda Indonesia has said, it could switch the order with other Boeing models. Airbus SE jets are not, yet, being considered. On Friday, Fuad Rizal, the Chief Financial Officer of Indonesia’s national carrier Garuda Indonesia stated, the airlines has sent a letter to Boeing Co asking it to cancel an…

Tencent’s earnings report reveals surging licensing and content production costs

Excluding one-off items, Tencent Music Entertainment Group earned 0.57 yuan per American depositary share in the quarter, in line with analysts’ average estimate, according to IBES data from Refinitiv. In a significant development, China’s hugely successful content streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company. Although its result…

Ethiopia Says Boeing Max 737 Crash Had Similarities To Lion Air Crash

There were “clear similarities” with October’s Lion Air crash and the Ethiopian Airlines crash, which killed all 157 people on board, Ethiopia said on Sunday. The analysis of the black boxes recovered from the crash site of the March 10 disaster has revealed this information. The latest version of Boeing’s profitable 737 model’s fate hangs…

Huawei Amongst The Top Firms In Patent Applications, Asia Leads In 2018: WIPO

According to a statement from the World Intellectual Property Organization (WIPO) on Tuesday, last year, more than half of the total applications for  international patents were applied for by companies and individuals from Asia and the highest among them was by Chinese telecoms giant Huawei. In 2018, 5,405 patent applications to the U.N. body was…