07012016Fri
Last update: Fri, 01 Jul 2016 02am

Industries & Sectors

Business & Finance - Industries & Sectors

Siemens says investment plans for UK wind plant unchanged FRANKFURT: Siemens is not scaling back investment in an English wind power factory due to go into production in a few months following Britain's vote to leave the European Union, a spokeswoman said on Thursday."Our plans for the investment in Hull remain unchanged, recruitment and training continue and we will start blade production in September as planned," she said. Media reports had said Siemens was freezing investment in the plant in the city of Hull, in which it is investing more than 190 million euros ($211 million) and plans to employ 1,000 people making rotor blades for offshore wind turbines. The spokeswoman said, however, that future plans to export equipment from the Hull plant may have to be reviewed, depending on what trade terms Britain eventually negotiates with the European Union. She added that order books were currently full with orders from Britain and the question of exporting from the ...

Business & Finance - Industries & Sectors

Why You Should Update Your Antivirus Software Quickly The world largest search engine Google, is used for asking a lot of questions, however, users don’t necessarily turn to it for security advice, but who can stop Google, as the company finds devastating security vulnerabilities in popular antivirus software.According to a report by Google Project Zero, shows that the users of Symantec services are more at risk when using them than when they are not using them. Google’s security hacker Tavis Ormandy discovered numerous ...

Business & Finance - Industries & Sectors

Google's Madrid offices searched in tax probe MADRID: Google's offices in Madrid were being searched in a tax probe Thursday, an internal source said, just over a month after police raided the US internet giant in Paris in a similar investigation."We obey Spain's tax legislation as we do in every country that we operate in," the company said in an official statement, adding it was currently cooperating with authorities.Copyright AFP (Agence France-Presse), 2016 ...

Business & Finance - Industries & Sectors

Malaysia Airlines appoints Peter Bellew as new chief executive KUALA LUMPUR: Malaysia Airlines Berhad (MAS) has appointed chief operating officer Peter Bellew as its new chief executive, with effect from July 1, the airline said on Thursday. Current CEO Chief Executive Christoph Mueller, who had said this year that he would leave in September due to "changing personal circumstances," will go on leave and step down from the board immediately.Bellew's appointment will ensure continuity in the execution of Malaysia Airlines' turnaround plan and further ...

Business & Finance - Industries & Sectors

Airbus, Safran finalise space launchers merger PARIS: Airbus Group and Safran pledged on Thursday to make Europe competitive in the face of US low-cost rival SpaceX as they completed a deal to merge their space launcher activities. The two aerospace groups said they were closing a deal that paves the way for the next generation of European rocket, the Ariane 6, which will make its first flight in 2020 and be used to put commercial and military satellites into orbit.The long-awaited ...

Business & Finance - Industries & Sectors

RWE says Innogy IPO on track, affirms dividend payment FRANKFURT: Germany's No. 2 utility RWE on Thursday said the unit in charge of renewable, grids and retail energy named Innogy would be listed by the end of 2016, creating value for shareholders. "Innogy is a balanced combination of stable, regulated business, a strong customer base and value-creating investments in renewables," RWE chief executive Peter Terium told investors in London, adding the new unit was geared towards a green, decentralised and digital energy system.The listing ...

Business & Finance - Industries & Sectors

Toyota recalls 3.37mn cars over air bags, emissions control WASHINGTON/TOKYO: Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving air bags and emissions control units.The automaker on Wednesday said it was recalling 2.87 million cars over a possible fault in emissions control units. That followed an announcement late on Tuesday that 1.43 million cars needed repairs over a separate issue involving air bag inflators.About 930,000 cars are affected by both potential defects, Toyota said. Because of that overlap, it said ...