The US Aerospace group Boeing is in discussions with Brazil’s Embraer SA, about a £2.7 billion ( $3.7billion) takeover, in the wake of the technological revolution which can see a lot more initiatives of hybrid electric propulsion for commercial aircraft. This blockbuster deal would expand Boeing’s reach into the highly competitive market for small jets.…
There is a conspiracy, according to the users of old iPhones they are convinced that Apple was deliberately slowing down old iPhones to force customers to upgrade to new models. In Cupertino based Apple’s website, their latest blog the group acknowledged that aging batteries and a software update designed to prevent sudden, unexpected shutdowns had…
On the last day of trading for 2017, UK stock markets leaped to a record high level. The FTSE 100 index of leading blue chip company stocks finished nearly 1 per cent at 7.687.77. While the FTSE250 ended at 20, 726.26. Meanwhile to leading US indexes have both risen by over 20 per cent this…
India’s telecom group Reliance Communications said yesterday it had apparently reached an arrangement with their lenders China Development Bank, its largest single creditor, on a “ full resolution” of its nearly $7bn debt, sending its shares up by 30 per cent. The details of the deal are as follows, RCom, which has been hit by…
An annual ranking has declared the UK to be the Best Country for business next year, according to Forbes, who said, “The UK had risen in its rankings from fifth last year to first”. The UK was inside the top 25 nations in each of the metrics it judged, except political risk, as it judged 153…
The World’s biggest aircraft manufacturers, Boeing, is ready to unveil a new plane that will be a game changer for future air power. The Batmobile-style aircraft is Boeing’s advanced division’s Batmobile-style highly classified projects. The new plane is similar to Boeing’s X-37B plane, first built for the Pentagon primarily for classified missions for the testing…
Walt Disney’s deal includes Fox’s 39 per cent stake in satellite broadcaster Sky and the 20th Century Fox Film Studio for a total of $52.4bn (£39bn). Fox’s remaining assets, including Fox News and Sports, will form a new company. The deal concludes over fifty years of media expansion by Rupert Murdoch (86), who turned a…
Walt Disney and Fox are near to $60bn all-share deal on the entertaining assets of Rupert Murdoch’s 21st Century Fox to create a mega Hollywood digitising global media industry. The deal, values fox assets at about $60bn including debt, and would see Disney add 20th Century Fox home to the Avatar, X-Men film franchises to…