06012016Wed
Last update: Wed, 01 Jun 2016 08am

Industries & Sectors

Business & Finance - Industries & Sectors

Airbus sales chief sees room to raise A320 production HAMBURG: Airbus' sales chief says production rates of the best-selling A320 jet could be raised further, depending on demand, but no decision needed to be taken soon. "My opinion based on the orders we have is that there could be room to go above 60 (per month), as high as 63, but we don't need to make a decision now and possibly not for a couple of years," John Leahy told reporters on Monday evening.He was speaking after Chief Operating Officer Tom Williams earlier on Monday cast doubt on further increases beyond a targeted rate of 60 narrowbody jets a month. Airbus aims to reach the 60-per-month production rate by mid-2019 after stepping up to 50 a month in the first half of 2017. It produces 46 A320 family jets a month now. Copyright Reuters, 2016 ...

Business & Finance - Industries & Sectors

Airbus sales chief sees room to raise A320 production HAMBURG: Airbus' sales chief says production rates of the best-selling A320 jet could be raised further, depending on demand, but no decision needed to be taken soon. "My opinion based on the orders we have is that there could be room to go above 60 (per month), as high as 63, but we don't need to make a decision now and possibly not for a couple of years," John Leahy told reporters on Monday evening.He ...

Business & Finance - Industries & Sectors

Tata Motors profits soar on strong Jaguar Land Rover sales MUMBAI: India's largest carmaker Tata Motors reported a three-fold increase in quarterly profits Monday, boosted by strong sales of luxury British unit Jaguar Land Rover and a one-off insurance payment.Consolidated net profit for the three months to the end of March 2016 rose to 51.8 billion rupees ($771 million) from 17.2 billion rupees a year ago, the Mumbai-based company said in a report.That was well above the estimate in a survey of 25 analysts by ...

Business & Finance - Industries & Sectors

Big airline LATAM suspends flights to Venezuela SANTIAGO: Latin America's biggest airline LATAM said Monday it will suspend its flights to crisis-hit Venezuela for an indefinite period, following a similar move by German carrier Lufthansa.Chile-based LATAM Airlines group and its Peruvian and Brazilian subsidiaries decided to cut the flights "due to the complex macroeconomic situation that the region is currently going through," it said in a statement.It said challenging economic conditions in Latin America were prompting changes to its domestic and international ...

Business & Finance - Industries & Sectors

Samsung Galaxy S8 to feature ‘VR Ready’ display Samsung, the South Korean technology giant recently unveiled a new “VR ready” 5.5 inch display at the Display Week conference. The latest display supports 4K resolution and rumors are milling that Samsung will feature this display in its upcoming Galaxy S8 smartphone predicted to be launched unveiled in coming months.According to UploadVR, the upcoming 5.5-inch screen supports Ultra HD resolution of 3840 x 2160 pixels. The display offers a pixel density of 806 ppi (Pixels ...

Business & Finance - Industries & Sectors

Have a dot in your Gmail ID, it doesn’t matter Email ID’s are your identity cards on the internet, but sometimes they become very confusing.For example, my Email at Yahoo is ‘ali24ki@yahoo.com’, if you email ali24.ki@yahoo.com, your message will bounce saying, “Sorry, we don't recognize this email.”However, Google decided to do things its own way when it launched its Gmail. That is it decided to ignore periods in its users’ email addresses altogether.You heard it right the ‘.’ makes no difference at all, as Google’s ...

Business & Finance - Industries & Sectors

Lufthansa owed over $100mn in Venezuela: spokesman FRANKFURT: Venezuela owes Lufthansa over $100 million in ticket revenue, a spokesman said, after the German carrier said over the weekend it was suspending flights to Caracas next month.Like other airlines, Lufthansa has struggled to repatriate revenue held in the local bolivar currency due to exchange controls and had already reduced flights to the country to limit its exposure.A spokesman for the airline said on Monday that the Venezuela government owed it a "low three-digit ...