The coronavirus outbreak in China has temporarily shut down many factories in the country – many of which make crucial parts for various products including for cars and other vehicles. The closure which started with the closure because of the Lunar New Year holidays in China was extended by Chinese authorities to prevent the spread…
A new survey-based report by the United States based data and measurement firm Nielsen suggests that streaming services were gaining popularity in the US as consumers loved the television and films aired in those services and want content providers to continue to create and offer software through this medium. Even in the situation of an…
On Tuesday, a senior executive from Airbus SE stated, the airplane maker is confident of selling more than 1,000 A321XLR aircraft over the next 10 years. The Airbus A321XLR aircraft has a longer range than the single-aisle A321neo. Francois Caudron, Head of Marketing at Airbus said, the forecast includes a mix of new orders and…
In a statement, Japan’s defense ministry stated, a cyber attack on Mitsubishi Electric Corp, a major supplier of the country’s defense and infrastructure systems, has led to a breach of sensitive data on defense equipment. The potentially stolen data included requirements for defense equipment that Japan’s Defense ministry specified for contract bidders in October 2018,…
On Tuesday, Airbus SE unveiled its latest concept “blended wing body” design aircraft that could slash carbon emission by as much as 20%. Since 2019, Airbus has been carrying out flight tests of the 10.5 feet (3.2-metre-wide) technology demonstrator, code-named Maveric, at a secret location in central France. The “blended wing body” design has been…
On Tuesday, airplane manufacturer ATR stated, PNG Air has placed an order of three ATR 42-600S aircraft; PNG Air will also become a launch customer for the short take-off and landing version of the ATR 42-600S family. ATR’s CEO Stefano Bortoli stated, the airplane will be delivered after it is certified in 2022.
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…
According to new industry forecasts, there will be a drop in the global smartphone production in the first quarter because of the coronavirus crisis. The report also noted a drop in confidence of consumers in Europe because of the impact of the spread of the virus on other industries as well. Temporary shutdown advice by…
The United Kingdom is very keep to complete a trade agreement with Japan within this year, said British Foreign Secretary Dominic Raab. For this purpose, the UK wants to start negotiations on trade with Japan within the next few weeks, Raab said after his meeting with his Japanese counterpart Toshimitsu Motegi. The Japanese minister has…
Two of the most important ride hailing companies of the United States – Uber and Lyft, are focusing differently for growth. While Uber continued to invest in money-losing side businesses, Lyft has completely focused on investing on its core businesses of commuting. This Thursday, Uber announced that it expected to notch up profits throughout the…
