Business & Finance News
Britain will invest 2 billion pounds ($2.7 billion) to 2025 to develop a fighter jet called Tempest that could be used with pilots or as a drone, its defence minister said on Monday, unveiling a life-sized model of the new stealthy warplane.
Qatar Airways has finalized an order to buy five 777 freighters from U.S. planemaker Boeing , the two companies said on Monday.
Golden Falcon Aviation has confirmed an order for 25 Airbus A320neo jets for Kuwait’s Wataniya Airways worth around $2.8 billion at list prices, Golden Falcon said on Monday.
Nestle’s membership in the Roundtable on Sustainable Palm Oil (RSPO) has been reinstated three weeks after it was suspended, according to a joint statement issued by the company and the industry watchdog.
Qatar Airways on Monday agreed to buy five full-flight simulators from aviation training firm CAE, executives from both companies said at a signing ceremony at the Farnborough Airshow.
Short-term rental website Airbnb has breached EU consumer rules by depriving consumers of their basic legal rights, the European Commission said on Monday, as it gave the company an August deadline to propose changes or face enforcement action.
Northrop Grumman Corp is upbeat about the prospects for the sale of its high-altitude Triton MQ-4C unmanned surveillance system to Germany, but says the deal could take several years to complete.
Britain wants to build its first spaceport for launching satellites in Scotland, with the government kick-starting the project by handing almost 30 million pounds ($40 million) in grants to companies including Lockheed Martin .
Boeing Co and U.S. aircraft leasing firm Jackson Square Aviation said on Monday they had reached a firm agreement over the purchase of 30 737 MAX 8 aircraft.
Leasing company Goshawk Aviation is near a deal to place an order for around 20 Boeing 737 MAX aircraft, worth $2.3 billion at list prices, industry sources said.
European stock markets inched higher on Monday as expectations for a flurry of bumper corporate earnings and merger speculation outweighed fears about the escalating trade conflict between Beijing and Washington.
Britain’s Defence Minister Gavin Williamson will unveil a model of the country’s proposed new fighter jet at the Farnborough Airshow and earmark 2 billion pounds ($2.7 billion) in funding for the project, a source close to the matter said on Monday.
The outlook for export orders of the Typhoon fighter jet is as good as it’s been for quite some time, with demand coming from the Middle East and Europe, the boss of BAE said.
The overhaul at U.S. industrial giant General Electric Co is not a constraint for its aviation arm, “in fact I feel it’s the very opposite,” the head of GE Aviation said on Monday.
The outlook for export orders of the Typhoon fighter jet is as good as it’s been for quite some time, with demand coming from the Middle East and Europe, the boss of BAE said.
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