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Boeing mulls stretching 777 to knock out Airbus A380 jet

  Washington / Bloomberg Boeing Co. is proposing to stretch its largest 777 model to create a twin-engine behemoth aimed at delivering a knock-out blow to Airbus Group SE’s struggling A380 superjumbo jet, said people familiar with its plans. The U.S. planemaker has approached several carriers about the plane it calls the 777-10X, including Emirates Airline, the world’s largest operator ...

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Qatar Air may raise stake in British Airways owner

  Doha / Bloomberg Qatar Airways Ltd. is considering further increasing its stake in British Airways owner IAG SA after the U.K.-based company lost a third of its market value in the fallout from the country’s vote to leave the European Union, according to people familiar with the matter. Qatar Airways, already IAG’s largest shareholder, is exploring boosting its holding ...

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Siemens to spend US$1.1bn on ‘disruptive ideas’ startups

  Tokyo / Bloomberg Siemens AG is setting up a unit to invest 1 billion euros ($1.1 billion) over five years on “disruptive ideas,” the latest bid by Europe’s largest engineering company to move into digitalization and shed a reputation for being slow and cautious. Named next47, the unit will initially be overseen by Chief Technology Officer Siegfried Russwurm and ...

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