Category: World

New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q
3. 4. 2019 No Responses

New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q

The automotive industry has launched a key spring sales period in the US with 3.1% decline in March and a 2% decline in the first quarter. From major producers, only Honda, Hyundai, KIA, Subaru and the Volkswagen Group have improved....
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EasyJet Issued a Profit Warning
2. 4. 2019 No Responses

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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Biggest Decline in Global Trade Since 2009 Crisis
1. 4. 2019 No Responses

Biggest Decline in Global Trade Since 2009 Crisis

According to the Dutch Bureau for Economic Policy Analysis (CPB), world trade recorded biggest percentual drop since the global financial crisis of 2008-2009. A report released last week shows that world trade grew by 2.3% in January after the index...
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FAA Knew Of 737 MAX Trim Problems
31. 3. 2019 No Responses

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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IPO valued Lyft at $ 24.3 billion
29. 3. 2019 No Responses

IPO valued Lyft at $ 24.3 billion

The initial public offering (IPO) valued Lyft at $24.3 billion. The pseudo-taxi operator’s shares will start trading on the stock exchange today, and the price of one stock was set at $72 for a large interest at a higher level...
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Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights
28. 3. 2019 No Responses

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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Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal
27. 3. 2019 No Responses

Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal

Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country’s petrochemcial company Saudi Arabian Basic Industries Corporation (SABIC) from the country’s sovereign wealth fund, Aramco reported on its Twitter account shortly after Bloomberg...
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Volvo’s Newest Safety Feature
23. 3. 2019 No Responses

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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Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform
21. 3. 2019 No Responses

Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform

Seagate announces partnership with HP Enterprise (HPE) and Nvidia to Develop Project Athena’s Artificial Intelligence (AI) production platform to reduce Hard Drive (HDD) costs by 20% and Production Processes by 10%. Jeffrey Nygaard, executive vice presid...
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FAA and Boeing 737 MAX Certification Story
19. 3. 2019 No Responses

FAA and Boeing 737 MAX Certification Story

The Seattle Times: Managers of the Federal Aviation Administration (FAA) have put pressure on their engineers to delegate broad responsibility for Boeing 737 MAX safety assessment to Boeing itself. Security engineers who are familiar with the documents have po...
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IBM ramps up (pseudo)crypto cross-border payments
18. 3. 2019 No Responses

IBM ramps up (pseudo)crypto cross-border payments

The cryptocurrency-based cross-border payments competition is cranking up. IBM Corp. said today its Blockchain World Wire initiative, a global payments network for regulated financial institutions, has entered production and will support instantaneous foreign...
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Oil major Shell wants to be the world’s largest electricity provider by 2035
16. 3. 2019 No Responses

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
15. 3. 2019 No Responses

‘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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Large-size panel global output to grow 12% in 2019
14. 3. 2019 No Responses

Large-size panel global output to grow 12% in 2019

The availability of new LCD and OLED fabs and capacity ramps at existing lines are likely to result in an annual growth about 12% in large-size panels sector in 2019, according to industry sources. A total of four fabs dedicated...
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Malaysia, Singapore, Indonesia, China grounded the Boeing 737MAX. The Cannibal Isles and Czech SmartWings continue flying
12. 3. 2019 No Responses

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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