Industries & Sectors
Monday, 13 May 2013 10:52
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BEIJING: Industrial output in China rose 9.3 percent in April, the National Bureau of Statistics said Monday, accelerating from March but below market expectations, underscoring sluggish growth momentum.Retail sales were up 12.8 percent year-on-year in April, while fixed-asset investment rose 20.6 percent in the first four months of the year, the NBS said in a statement.Copyright AFP (Agence France-Presse), 2013 ...
SEOUL: Samsung Electronics said Monday it had successfully tested super-fast fifth-generation (5G) wireless technology that would eventually allow users to download an entire movie in one second.The South Korean giant said the test had witnessed data transmission of more than one gigabyte per second over a distance of two kilometres.The new technology, which will not be ready for the commercial market before 2020 at the earliest, would offer transmitting speeds "up to several hundred times ...
KUWAIT: State-run Kuwait Airways will spend 850 million dinars ($2.98 billion) on 25 new Airbus jets and aims to lease a further 13 to upgrade its ageing fleet, a Kuwaiti newspaper reported on Sunday.Daily Al-Watan cited sources close to the decision-makers as saying that the airline would start receiving the new aircraft from Airbus, owned by aerospace and defence group EADS , from 2019.Kuwait Airways plans to buy 10 wide-bodied A350-900 jets and 15 of ...
FRANKFURT: German publisher Axel Springer has drawn up a cost-cutting programme to save 20 million euros ($25.94 million) in a move which could see up to 200 staff made redundant, weekly magazine Der Spiegel said, citing people familiar with the plan.Copyright Reuters, 2013 ...
DUBAI: A planned floatation of Doha Global Investment Co, a $12 billion Qatari investment firm backed by assets from the Gulf state's sovereign wealth fund, has been postponed pending necessary approvals, a senior bourse official said on Sunday.Qatar unveiled plans to create the investment company in February and said its sovereign fund arm, Qatar Holding, will transfer $3 billion worth of assets into the new firm, with a similar amount raised in an initial public ...
MUMBAI: The Indian government's cyber watchdog is investigating how the computer systems of two companies that are part of the country's vast IT services industry were breached in a global ATM heist that saw $45 million stolen from two banks in the Middle East.EnStage Inc, which operates from Bangalore, and ElectraCard Services, based in the Indian city of Pune, processed card payments for the two banks that were hit in the theft, several people familiar ...
KUWAIT CITY: Kuwait's national carrier is due to sign a multi-billion-dollar deal with Airbus to purchase 25 new aircraft valued at $3.0 billion with the first delivery expected in 2019, a well-informed newspaper reported on Sunday.The deal will be signed "very soon," the privately-owned Al-Watan newspaper said quoting sources close to decision-makers.Last week Kuwait Airways Co. (KAC) board of directors decided to choose an offer made by Airbus because it carried a price tag $280 ...
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