Business News

David Calhoun assumes charge as chief executive, as Boeing's struggles continue

Calhoun has an upheaval task ahead that includes repairing relationship with regulators and bringing back the grounded Boeing 737 Max to service

Jan 14, 2020

By R. Ghosh

UK to ban sale of diesel and petrol cars from 2040

Oil steady as US-Iran conflict eases, trade deal details elusive

Oil prices surged to their highest in almost four months after a US drone strike killed an Iranian commander and Iran retaliated with missiles launched against US bases in Iraq

Jan 14, 2020

By Reuters

Indonesian president sails to South China Sea islands sending strong message to China

Indonesia, UAE sign 11 pacts worth $22.89 billion during UAE Crown Prince Zayed's visit

11 business agreements in energy, oil and gas, petrochemical, port, telecommunication, and research, with a total estimated value worth $ 22.89 billion were inked

Jan 13, 2020

General Motors 'plans' to revive Hummer with an all-electric version

The iconic fuel-guzzling vehicle, which was always targeted by environmentalists, went out of production in 2010

Jan 13, 2020

By R. Ghosh

Fitbit, Garmin and others to be investigated by US for alleged patent violations

The Netherlands-based Philips claims that these wearable devices companies have been infringing on its patents and has called for tariffs or an import ban

Jan 13, 2020

By R. Ghosh

Samsung

Indonesia to summon Chinese ambassador over maritime standoff in Natuna Sea

Japan expresses interest in investment in Indonesia's outer islands and new capital

Japan's investment in Indonesia's outlying islands aims to boost the latter's fishery sector and has nothing to do with the Indonesia-China spat in the Natuna waters

Jan 12, 2020

By Yasmin Rasidi

Boeing's crisis starts hurting its biggest supplier; Spirit to lay off 2,800 workers

Spirit suspended manufacturing components for Boeing from January 1, days after the aircraft maker announced that it will halt production of 737 Max

Jan 12, 2020

By R. Ghosh

Uber says goodbye to Colombia; to stop services after January 31

Uber said that it will take all necessary legal steps to defend its 88,000 drivers drivers and over 2 million riders in Colombia

Jan 12, 2020

By R. Ghosh

Former Indonesian minister Mari Pangestu appointed as World Bank managing director

Mari Elka Pangestu is a well-known economist with an international reputation and ministerial experience

Jan 12, 2020

By Yasmin Rasidi

Airbus net orders rise but lag behind deliveries in 2019

Airbus posted higher airplane orders for 2019 but failed to keep pace with deliveries for the second year in a row after axing its A380 superjumbo program

Jan 11, 2020

By Reuters

LinkedIn joins other tech giants; to open new campus and expand workforce in Dublin

Dublin is fast becoming Europe's new technology hub as foreign businesses have to pay corporate tax as low as 12.5% in Ireland

Jan 11, 2020

By R. Ghosh

Facebook

F-35 warplane costing UK government millions due to tech failure

Singapore gets nod from US government to buy F-35 fighter jets

Last year, Singapore had said that it wants to buy F-35 fighter jets from Lockheed Martin as it planned to replace its aging F-16 fleet

Jan 11, 2020

By R. Ghosh

Boeing cuts thousands of jobs to retain price competitiveness

'Boeing 737 MAX was designed by clowns and supervised by monkeys'

Another employee asks if one would put his family on a MAX simulator trained aircraft.

Jan 10, 2020

By Jacob J

Magnitude 6.4 earthquake hits off Papua New Guinea coast; no tsunami warning

Papua New Guinea hopes Indonesia holds Border Trade Festival to boost tourism and growth

Festivals such as BTF and other similar ones are aimed at promoting tourism and pushing growth at border areas

Jan 10, 2020

By Yasmin Rasidi

The facade of the ADNOC Group Tower in Abu Dhabi was lit up with the flags of India and the UAE and portraits of Prime Minister Narendra Modi and Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan to mark the swearing in of the Indian leader, on May 30,

Indonesia's Joko Widodo to sign deals worth $20 billion with UAE

Indonesia and the United Arab Emirates will strengthen a cooperation in en energy sector such as the development of a refinery and solar panels.

Jan 10, 2020

By Yasmin Rasidi

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