A follow up order from Emirates has allowed Airbus to save its flagship A380 superjumbo from the brink of being struck out of the production list forever. It had been just days that the airplane maker had suggested that it would kill it off due to very little demand and this order infused a new...

The British jet engine manufacturer Rolls-Royce announced possible sale and restructuring of its marine division amid a decline in demand in the oil and gas market, as well as within restructuring of the holding, the company said on Wednesday. It is assumed that after the sale and restructuring of...

What would be the time period when the gender pay gap would be closed down?   Even as Citigroup claims that the lender is still working hard to close down the pay gap, the company says that 99 per cent of what its male employees get is given to its female employees.   99 per cent of...

Plans about how they want to roll out autonomous vehicles for the U.S. market within the next 5 odd years were shared by major automakers from all over the world at the ongoing North American International Auto Show (NAIAS).   General Motors could be the first automaker in the world to roll...

British oil company BP said it would include a write-off of $ 1.7 billion in its report for the fourth quarter of 2017, reports Reuters. The write-off is justified by the 2010 accident on the platform Deepwater Horizon in the Gulf of Mexico near the US coast. The company also said that the...

Kodak plans to issue its own crypto currency and rent out mining equipment. Here's what an investor needs to understand about these projects. In 1975, an engineer at Eastman Kodak invented the first digital camera. The company hastily curtailed the project, hoping to postpone the day when digital...

Volkswagen is seeking to leave the emission scandal behind and move ahead in the second largest auto market in the world – the United States, and revive sales there, and   launched a new version of its Jetta compact car which has been its largest seller in the market at the Detroit Auto...

Chinese company Xiaomi has chosen Citic Securities, Goldman Sachs and Morgan Stanley as partners and sponsors to help implement the first public sale of its securities. A little later, Credit Suisse, Deutsche Bank, JP Morgan and two other Chinese banks will also join the process. Xiaomi, which in...

The world spends $ 1.69 trillion a year on military spending, and almost $ 375 billion from this amount go to purchase specific types of weapons. There is a supplier for each type of weapons, be it tanks, airplanes, missiles or military vessels. Below we will tell about the largest military...