In a statement, the chief executive officer of Airbus SE said, the planemaker plans on investing between $539 million-$1.08 billion (500 million euros and 1 billion euros) in 2020 on its A220 passenger jet program. Earlier in February, Airbus had raised its stake in the program, known as Airbus Canada, to 75%, up from 50.1%,…
Clearly FB is eager to leave behind its scandalous past, especially its relation with Cambridge Analytica, and is eager to portray itself as a more secure platform for consumers. In a significant development, Facebook Inc’s Chief Executive Officer, Mark Zuckerberg defended his decision to encrypt Facebook’s messaging services despite growing concerns on criminal activity and…
Here is why relocating Apple’s supply chain from China makes business sense. U.S. President Donald Trump disclosed he has had a discussion with Apple Inc’s Chief Executive Officer Tim Cook on the impact of U.S. tariffs on Chinese imports as well as competition faced by Apple from South Korea’s Samsung Electronics Co Ltd. Cook “made…
The U.S. airplane maker tested the upgraded MCAS anti-stall software on a test flight of the 737 MAX jet. On board the aircraft was its CEO Dennis Muilenburg. In a significant development, Boeing Co stated, Dennis Muilenburg, its chief executive, had joined a test flight on a 737 MAX 7 jetliner for a demonstration of…
The Model Y is an SUV that is 10% bigger than the Model 3, 10% more expensive than it and comes with the same battery pck configuration. In a significant development, Elon Musk, Tesla’ Inc’s CEO stated, the carmaker will unveil its Model Y on March 14 at an event in LA Design Studio. “Model…
Ceconomy is Europe’s biggest consumer electronics retailer. On Wednesday, Freenet, a German telecom company stated, it continues to remain committed to its investment in Ceconomy, Europe’s biggest consumer electronics retailer. Its commitment is despite issues which prompted the departure of its chief executive last month. “I still believe in the company,” said Christoph Vilanek, Freenet’s…
The development adds to the growing number of high profile executives, and co-founders leaving Facebook’s businesses. In a development that adds to the growing list of executives leaving Facebook, Instagram has notified that Kevin Systrom and Mike Krieger, its co-founders, have resigned as the company’s chief executive officer and chief technical officer. Facebook has provided…
As per a report by the NYT, SpaceX could potentially take a stake in Tesla and partially help finance the buyout. As per a report by the New York Times, Tesla Inc’s CEO Elon Musk has no plans to relinquish his role as chairman and chief executive officer of the company. NYT’s interview of Musk…
Xavier Rolet who has been instrumental in turning the LSE into a diversified exchange group, has stepped down from the LSE as its CEO; its chairman Donald Brydon has opted to not stand for re-election. In a significant development, Xavier Rolet, the CEO of the London Stock Exchange has stepped down, with immediate effect; its…
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