New Delhi / AFP A massive leak of secret technical data on Scorpene-class submarines did not originate in India but in France, Delhi’s naval chief said on Saturday, pointing to initial probe findings. Some 22,400 pages of classified documents detailing the combat capabilities of the subs made by French defence contractor DCNS for the Indian navy were leaked to an ...

  Islamabad / AFP A Pakistani court trying former military ruler Pervez Musharraf over a deadly raid on Islamabad’s radical Red Mosque passed an order on Saturday confiscating his property, a lawyer said. Former president Musharraf, who left Pakistan for Dubai in March for what was described as urgent medical treatment, is facing a string of court cases connected to ...

  Bloomberg Seven weeks after the Air Force declared its first F-35 jets combat ready, 10 of the aircraft aren’t flying after service mechanics discovered “peeling and crumbling” insulation wrapped around lines that carry liquid to cool combat systems and computers. The poor insulation is suspected on 57 aircraft, including 42 on Lockheed Martin Corp.’s production line. The issue is ...

  Bloomberg Deutsche Lufthansa AG’s pilot union said negotiations over pay, pensions and promotion have failed, adding to concern about the carrier’s debt and liabilities after S&P Global Ratings cited pension costs as a prime reason for putting it on watch for possible credit downgrade. Talks that began early this year on contracts and career paths for flight crew at ...

  Bloomberg South African Airways said tougher competition, rising finance costs and a weakening of the rand led to the state-owned carrier’s biggest loss in more than a decade. The loss of 4.7 billion rand ($331 million) in the year through March 2015 was also exacerbated by the outbreak of the Ebola virus in West Africa, which hurt traffic between ...

  Bloomberg Pratt & Whitney cut the 2016 target for deliveries of its new jet engine as the company grapples with production issues that have marred the turbine’s rollout. The engine maker will hand over about 150 units this year, down from the 200 it previously expected, according to Greg Hayes, chief executive officer of Pratt parent United Technologies Corp. ...

  Bloomberg Even by the cut-throat standards of the aviation industry, Air France-KLM Group has been a dire case: labor fights that have turned violent, cost-cutting efforts blocked by politicians, low-cost carriers aggressively taking over its home market. Yet more investors are starting to buy in. The arrival in July of new Chief Executive Officer Jean-Marc Janaillac, who promises a ...

  AFP Apple’s global iPhone launch was marked by excitement and frustration as fans queued to find scarce models of the coveted smartphone. Scenes in Apple stores around the world were reminiscent of days before online ordering became a norm and people camped out for days to be first to get hands on the California company’s iPhone 7 and 7 ...

  AFP The US Consumer Product Safety Commission announced a recall of around one million Samsung Galaxy Note 7 smartphones plagued by incidents of batteries bursting into flames. The move by the US safety agency formalizes the recall underway in 10 countries after reports of faulty batteries that caused some handsets to explode during charging. Samsung meanwhile announced replacements for ...

  Bloomberg Tech company Curalate is jumping on the vertical video trend, made popular by Snapchat and Instagram, with a new product. The company has introduced its new ad product Tilt, designed to promote vertical videos, reports the Wall Street Journal. Curalate’s first Tilt partner will be clothing store Urban Outfitters, which has developed a new mobile site called UOTV ...