Turkish electric car project to see investment of $3.7 billion

On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…

Israeli-based Elbit Systems finds innovation key to growing market share in crowded drone market

It has cited its weaponized drone, SkyStriker designed for long flight hours, unveiled in the recent Paris airshow to rave reviews, as an example of its innovation. So as to maintain its leading edge over its peers, Israeli defense electronics company Elbit Systems Ltd is moving swiftly to innovate as it faces increasing competition from…

United Airlines CEO clarifies Trump Administration attempt to ban laptops on flights

Efforts are being made to make the U.S. ban more effective by coordinating with European officials. During an aviation industry meet on Monday, Oscar Munoz, the CEO of United Airlines disclosed that the Trump Administration’s ban on laptops is likely to be related to explosives being disguised as laptops which could be directly detonated onboard…