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  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, ...

  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 ...

  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 ...

  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 ...

  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. ...

  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, ...

  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 ...

  Reuters Shopping from the steering wheel will become possible this year as Ford Motor Co. begins taking Amazon.com Inc.’s Alexa digital assistant along for the ride. The second largest US automaker said it will begin offering “Alexa in the car” this summer on vehicles equipped with its Sync 3 infotainment system. An automotive version of Amazon’s popular voice-activated Echo ...

  Bloomberg A withering factory town in Japan’s Rust Belt is looking for revival through a dose of Prime Minister Shinzo Abe’s “robot revolution.” Kadoma’s population has declined 13 percent as the nation ages, prompting mergers among elementary schools and emergency services departments. Factories can’t find enough people to run assembly lines, further threatening an industrial base that includes titan ...

  Emirates Business Over the past decade, the GCC region has witnessed rapid economic development and demographic changes, including the influx of expatriates, which in turn has increased the region’s overall population. This coupled with rise in per capita income has fuelled the demand for residential units in the GCC region, said Al Masah Capital, region’s leading investment firm, in ...