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ZURICH: ABB will pay up to $470 million to hand over its loss-making solar inverter business to Italy's FIMER SpA, highlighting the tough conditions in the solar industry where prices have fallen as demand has boomed.
Boeing reported no new orders of 737 MAX aircraft for third straight month following two fatal crashes
SINGAPORE/JAKARTA: When Resti Novita Sari booked to fly from Jakarta to her hometown of Padang to visit family for the Eid holiday, airfares were 40% to 60% higher than she had paid in previous years.
Comment - Pankaj C. Kumar PLUS Malaysia Bhd is a national asset owned by all Malaysians via UEM Group Bhd’s 51% stake in the company, which in turn is wholly-owned by Khazanah Nasional, the government’s sovereign wealth fund.
BEIJING: A unit of Porsche Automobil Holding SE will recall 57,200 imported Cayenne and Panamera cars due to faulty transmission components, while a unit of Ferrari NV will recall 200 vehicles due to faulty airbags.
NEW YORK: United Airlines Holdings Inc on Tuesday reported a bigger-than-expected increase in second-quarter profit, driven by strong air travel demand and the ability to charge more for seats after the grounding of Boeing Co's 737 MAX reduced capacity.
Lawmakers suggest internet companies need more oversight to ensure competition