January, 2017

• 11 January

  Bouygues gets $1.8bn Hinkley N-plant contract

  

    Bloomberg Bouygues SA won a construction contract worth at least 1.7 billion euros ($1.8 billion) for the controversial Hinkley Point nuclear plant in the UK that will use the same technology as over-budget and delayed projects in France and Finland. Bouygues will work with UK firm Laing O’Rourke on construction of the buildings that will house the two nuclear ...

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• 11 January

  Arctic cold leaves southeast European towns without electricity

  

    Bloomberg Arctic chill and heavy snowfall left tens of thousands of households in southeastern Europe without electricity as rivers froze over, cables failed and power stations had unplanned outages. From Greece to Hungary, hydroelectric production plummeted as temperatures fell as low as minus 20 degrees Celsius (minus 4 Fahrenheit) and parts of the Danube river were almost entirely covered ...

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• 11 January

  Flying river taxis gain traction, eye more potential customers

  

    Bloomberg The egg-shaped flying river taxi is gaining support, as SeaBubbles seeks to close its third funding round in under a year and aims to firm up interest from potential customers, including the city of Paris and companies in the San Francisco Bay. To build the first battery-powered bubble-shaped ships that hover a few inches above the water and ...

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• 11 January

  Apple IPhone-maker Hon Hai posts first sales slide on record

  

    Bloomberg Hon Hai Precision Industry Co., the main assembler of Apple Inc.’s iPhones, recorded its first annual revenue decline after the global smartphone market went through its worst year on record. The company, also known as Foxconn, posted a 2.8 percent fall in 2016 sales to NT$4.36 trillion ($136.5 billion), it said in a filing to Taiwan’s stock exchange, ...

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• 11 January

  Airbus retains order lead over Boeing with late sales surge

  

    Bloomberg Airbus Group SE booked 320 jetliner orders in December alone to rack up 731 sales for the year, extending its backlog and beating Boeing Co. In the last month of 2016 Airbus sold 98 new planes to Iran Air and 72 to Go Airlines India Pvt., while two other transactions saw 132 narrow-bodies purchased by buyers whose identities ...

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• 11 January

  Flynas to buy 60 jets worth $6.4 billion from Airbus

    Reuters Airbus has finalised an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep ahead of Boeing in the annual race for new orders. The order from flynas, partly owned by Saudi billionaire Prince Al Waleed bin Talal’s investment vehicle, is expected ...

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• 11 January

  Airbus wins $3.8bn US deal for 35 A320 jets

    Bloomberg Airbus Group SE won an order for 35 A320-series jets from US leasing firm Aviation Capital Group, marking its first sale of 2017. The contract with Aviation Capital, a unit of Pacific Life Insurance Co., is for 30 A320neo planes, the re-engined version of Airbus’s single-aisle workhorse, together with two original A320 variants and three larger A321s. That ...

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• 11 January

  Musafir.com appoints former DIFC CFO as new group CEO

    Emirates Business Musafir.com, the UAE’s first Online Travel Agency (OTA), on Tuesday announced the appointment of Rajesh Pareek as its new Group CEO, as the company gears up for its first major round of business financing. Rajesh joins the company from Dubai International Financial Centre (DIFC), where he hadserved as Chief Financial Officer from January 2011 to December 2016. ...

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• 11 January

  Lufthansa, IAG reel in Air France-KLM atop traffic rankings

  

    Bloomberg Deutsche Lufthansa AG and British Airways parent IAG SA closed in on Air France-KLM Group at the top of Europe’s airline rankings in 2016 as passenger traffic at the Paris-based carrier was dented by pilot strikes and sluggish demand amid a spate of terrorist attacks. Lufthansa’s traffic, or the number of customers carried multiplied by the distance flown, ...

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• 11 January

  ‘Big machines’ tap tech to revive sales, adapt to trend

  

    Bloomberg In Chicago, not far from Lake Michigan, the driver of a Caterpillar Inc. bulldozer looked left, right and forward to maneuver the 230,000-pound (104-metric-ton) machine through a desert obstacle course of sand mounds and old tires. But for all his effort, he didn’t go anywhere. Instead, as he sat inside a stationary box lined with video screens at ...

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