Financial

Michael Gschossmann, general manager of the North Atlantic Treaty Organization agency that manages the AWACS fleet, said he expected to finalise by December a $750 million contract with U.S. arms maker Boeing Co to extend the life of the…

Airbus has already started pre-marketing the longer-range A321XLR which will allow airlines to offer long trips in narrowbody planes on routes where demand is too slim to justify taking the risk of trying to fill a larger wide-body. The…

The relocations led to higher costs for the company, but it had mitigated significant impact on profit as it was boosted by its acquisitions, Volex said. Electrical cable supplier Volex Plc said on Thursday that it had moved some of its…

The new cars are equipped with upgraded sensors, including radars and cameras with higher resolution and range, the company said. The No. 2 U.S. automaker is in talks with German car maker Volkswagen AG to develop self-driving vehicles…

“We don’t see any disruption in the business,” he told an investor conference, noting most of Nestle’s UK businesses were self-sufficient. “I don’t believe there will be a crisis, but we can go on in a hard Brexit scenario.” Britain is…

Vertical farming involves the production of food in indoor facilities where crops are grown on a series of levels in a precisely-controlled environment. Ocado said it has formed a joint venture with vertical farming participants 80 Acres…

The settlement was disclosed in filings on Thursday with the U.S. District Court in Santa Ana, California, and requires a judge’s approval. National General Insurance Co, an underwriter, will pay an additional $7.5 million, making the…

Kuroda said the global economy is “stabilising somewhat” from its weakness late last year, as central banks maintain supportive policies and China takes stimulus measures to prop up growth. “There’s no change to the view the global…

The department is expected to issue an order tentatively approving the joint business agreement and tentatively granting antitrust immunity, according to the sources, who spoke on condition of anonymity. The order, which is expected as…

GE had said the move was aimed at making its operations more efficient in France in response to a shrinking market for power plants. Belfort handles gas, steam, nuclear and hydro technology. In an interview published on Sunday in…