Saturday 27 August 2016
 
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Alstom wins $2 billion US train deal

French transport group Alstom said on Friday it had signed a 1.8 billion euro ($2 billion) deal to design and build 28 new high-speed trains for US rail operator Amtrak. Under the deal, Alstom said it would also provide long-term technical support and spare parts.

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Canon launches latest 4K projector model

Canon Middle East, a global leader world-leader in imaging solutions, has launched the Canon XEED 4K501ST, the latest addition to its 4K installation projector range and an upgrade to the XEED 4K500ST model. The XEED 4K501ST benefits from advanced imaging technology to deliver ou

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Berry Plastics to buy AEP Industries to expand in North America

Berry Plastics Group Inc said it would buy AEP Industries Inc, which makes stretch wraps and can liners, in a deal valued at $765 million, including debt, to expand its presence in North America. Based on Berry Plastics' close on August 23, AEP shareholders will receive eithe

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Tesla wins US antitrust approval to buy SolarCity

Tesla Motors Inc has won US antitrust approval to buy solar panel installer SolarCity Corp, moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. It was on a list of propose

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GM cleared in second verdict over crash blamed on ignition switch

A Texas jury on Thursday said a General Motors Co ignition switch was not to blame for a fatal 2011 crash, according to a statement from the company. The verdict in Harris County, Texas, is the second in favour of GM this year in a lawsuit over a recalled ignition switch that has

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China urges Japan to be 'constructive' at G20 summit

Japan should play a "constructive" role at the upcoming G20 summit in the Chinese city of Hangzhou because cooperation is in the interests of all parties, China's top diplomat told a visiting Japanese envoy. Ties between Asia's two largest economies have long be

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Upbeat US factory data suggests business spending stabilising

New orders for US manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. The economic outlook also was boosted by anothe

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SR Technics completes cabin modification on 6 Edelweiss aircraft

SR Technics, a leading global MRO (maintenance, repair and overhaul) service provider, has announced the successful completion of cabin modifications for Edelweiss’ Airbus A320 fleet of six aircraft. The cabin modifications involved reconfiguring the aircraft cabin layout a

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Clean energy investment tops agenda at Wetex

Investing in clean energy will top the agenda of discussions during the 18th Water, Energy, Technology, and Environment Exhibition (Wetex 2016), to be held in Dubai, UAE, in October. Dubai Electricity and Water Authority (Dewa), which organises the event to be held from October 4

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Topaz Energy reports H1 revenue of $149.5m

Topaz Energy and Marine, a leading offshore support vessel company, has reported a consolidated revenue of $149.5 million for the six months ended June 30 this year, compared to $175.4 million during the same period last year. The company reported an EBITDA of $76.6 million for H

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