Updates to Boeing 787 Dreamliner aligned with U.S. FAA directives

Boeing’s updates to its 787 Dreamliner jet mitigate issues identified by the U.S. Federal Aviation Administration that it has identified as “threat zones”. In a significant development, the U.S. Federal Aviation Administration stated, it was mandating new flight control software and parts to Boeing Co’s 787 Dreamliner in order to address an unsafe operating condition…

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…

Japanese carmaker Subaru to recall 2.3 million vehicles globally

The comparatively tiny Japanese automaker is facing a series of quality assurance related issues over rapid expansion in the U.S. In a significant development, Japan’s Subaru Corp stated it plans on recalling nearly 2.3 million vehicles globally over an issue with brake lights. This will be the automaker’s biggest-ever recall as it struggles with a…