Dubai-based Emirates Airlines is banking on wide-body aircraft for long-haul flight operations enabling it to become a global hub in the Middle East Region. Emirates is the world's biggest operator of Boeing 777 and Airbus A380 aircraft. The total aircraft fleet of Emirates includes 50 Airbus A380s and 100 Boeing 777 aircraft, which are playing a vital role in the success of the Dubai-based airline.

Oct 05, 2015 02:27 AM EDT

European Competition Commissioner (ECC) Margrethe Vestager has become a target of the US media for ongoing cases against Google, Apple, Amazon and Starbucks. European antitrust chief Vestager clarifies that there's no role of nationality of companies in antitrust cases. Not only Amercian companies, but also several frims from different nations are facing charges in anticompetition, cartelling cases, etc.

Oct 04, 2015 10:03 PM EDT

Air France will cut nearly 3,000 jobs starting Monday. Reports say this is due to the airline's proposal that was rejected by the pilot unions.

Oct 04, 2015 09:55 PM EDT

Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.

Oct 04, 2015 09:34 PM EDT

The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.

Oct 04, 2015 07:11 PM EDT

The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.

Oct 02, 2015 02:28 AM EDT

The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.

Oct 02, 2015 02:04 AM EDT

The 70th founding celebrations of US held in New York clearly demonstrated the rising power China in the global matters and diminishing importance of Japan. Shinzo Abe, Japan President, couldn't meet Barack Obama, President of the US, and this raised many eyebrows. The US media also highlighted the Xi Jinpings schedule, while it didn't bother about the speeches and presentations made by Abe.

Oct 01, 2015 09:54 PM EDT

It's time for Aussie Facebook users to shine as the popular platform brings them Nearby Friends feature. It allows users to locate the position of their nearby friends by creating a map with the exact location if one prefers and vice versa.

Oct 01, 2015 09:41 PM EDT

A solar farm will soon rise in Fukushima Prefecture in Soma City, Japan and will be funded by lenders and banks including Sendai-based 77 Bank and Mitsubishi UFJ. This a commitment reaffirmed by 77 Bank to invest in renewable energy aside from reconstructing and developing the economy.

Oct 01, 2015 09:40 AM EDT

The United States freezes the assets of Islamic State supporters to restrict their activities and stem the group's growing influence. Drawn upon CIA intelligence and information supplied by other countries, the sanctions are imposed on individuals and groups in the Middle East, Europe, and Asia.

Oct 01, 2015 09:20 AM EDT

After decades of gap, the airlink between the US and Cuba is poised for restoration very soon. The officials from both the nations recently concluded their meeting and have decided to hold the discussions again before the end of this year. The US government has already framed new rules enabling American airlines to fly to the Cuba. At present, only chartered flights are operational.

Oct 01, 2015 09:01 AM EDT