Airbus beats estimates

Airbus beats estimates

Aerospace and defense giant Airbus boosted operating profit thanks to commercial aircraft. The European aviation manufacturer Airbus increased its net operating profit to EUR 549 million from EUR 14 million in the same period last year. This was due mainly to...
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Nissan, Ford and Daimler Led March European Car Sales Decline

Nissan, Ford and Daimler Led March European Car Sales Decline

European car registrations fell 3.6% in March, the Automobile Manufacturers Association, known by its acronym in French, ACEA said today, with Nissan, Ford, Daimler and Alfa Romeo showing some of the biggest sales declines. Registrations in the EU and European...
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EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela

EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela

European refiners switched to expensive Russian sour Urals crude after US sanctions hit Venezuela’s similar-grade exports. Experts said that even though US crude output is increasing and exports are due to soar later this year, it is not an alternative bec...
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Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut

Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut

Maersk Drilling was priced at $3.6 billion in the Copenhagen Exchange stock debut. An hour after the opening of the Copenhagen Stock Exchange, the shares were traded at about DKK 570, i.e. company’s market capitalization is now DKK 23.7 billion. Managem...
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EasyJet Issued a Profit Warning

EasyJet Issued a Profit Warning

EasyJet’s low-cost airlines are reportedly well prepared for Brexit, but the company’s profitability will be compromised, EasyJet said. EasyJet expects the 2019 earnings to be hit by falling demand, due to economic uncertainty and Brexit. The airli...
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FAA Knew Of 737 MAX Trim Problems

FAA Knew Of 737 MAX Trim Problems

A recently discovered document proves that Boeing ignored requirements FAA and international regulators made when they certified Boeing’s 737 MAX airliner. The underlying problem: For commercial reasons Boeing wanted the new 737 MAX version to handle like th...
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Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights

Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights

Icelandic Wow Air canceled all flights, telling travelers in foreign countries to apply for “emergency rates” at competing airlines and buy tickets again. Furthermore, the airlines said passengers who paid for airline tickets with credit cards or b...
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Airbus Received an Order from China Aviation Supplies for 300 Airliners

Airbus Received an Order from China Aviation Supplies for 300 Airliners

China Aviation Supplies ordered at Airbus 290 A320 * and 10 A350 XWB aircrafts. According to catalog prices, the order value is more than $35 billion. The order is larger than originally expected. Typically, for Chinese orders, a large quantity...
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Volvo’s Newest Safety Feature

Volvo’s Newest Safety Feature

Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders...
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BMW lowered profit estimate, shares tumbled

BMW lowered profit estimate, shares tumbled

BMW stock exchanges on European stock exchanges fell by almost 5% to around 72 euros after BMW management pointed to a decline in profits, announcing a € 12 billion savings plan to compensate for any damage caused by trade wars...
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Oil major Shell wants to be the world’s largest electricity provider by 2035

Oil major Shell wants to be the world’s largest electricity provider by 2035

Widely nown as Shell, Royal Dutch Shell is one of the biggest oil and gas company in the world. The plans of the British-Dutch giant for the coming years have surprisingly deviated from the current course. “The amount of clean...
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‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive

‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive

A screw-like device found in the wreckage of the Boeing Co. 737 Max 8 has provided investigators with an early clue into what happened: The so-called jackscrew, used to set the trim that raises and lowers the plane’s nose, indicates...
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Malaysia, Singapore, Indonesia, China grounded the Boeing 737MAX. The Cannibal Isles and Czech SmartWings continue flying

Malaysia, Singapore, Indonesia, China grounded the Boeing 737MAX. The Cannibal Isles and Czech SmartWings continue flying

In connection with the second tragic accident of the all-new Boeing 737MAX just after the start, more and more airlines and countries are issuing regulations to ground this new Boeing model. Boeing has announced that it will “release a software...
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The EC wants a fine of 1 billion euros for BMW, Daimler and Volkswagen

The EC wants a fine of 1 billion euros for BMW, Daimler and Volkswagen

The European Commission (EC) intends to impose a fine of 1 billion euros on BMW, Daimler (Mercedes-Benz) and Volkswagen for their alleged collusion where the illegal agreement was to reduce the efficiency of the exhaust filter system gases. German Der...
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The Norwegian Sovereign Oil Fund will exclude all oil companies from its portfolio

The Norwegian Sovereign Oil Fund will exclude all oil companies from its portfolio

The largest sovereign fund in the world – the Norwegian Government Pension Fund Global, also known as the Oil Fund, which manages assets worth about $1 billion, excludes all oil companies from its benchmark index and subsequently sells all shares...
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