Saudi Arabia to launch a new airline
RIYADH: Saudi Crown Prince Mohammed bin Salman on Sunday announced the creation of a new national airline “Riyadh Air,” wholly owned by the Public Investment Fund, the Saudi Press Agency…
Regulators shut down Silicon Valley Bank in biggest collapse since 2008 financial crisis
NEW YORK: Silicon Valley Bank, one of the tech sector’s favorite lenders, is shutting down. The California Department of Financial Protection and Innovation said Friday that it was taking over…
Iran and Saudi Arabia agree to restore relations
TEHRAN (Agencies): Iran and Saudi Arabia have agreed to re-establish ties and reopen embassies within two months, according to Iranian and Saudi state media. The agreement came after talks held…
Indian liquor to replace Western brands in Russia
MOSCOW: Indian company Allied Blenders & Distillers (ABD), which produces the world’s third-most-popular whisky, Officer’s Choice, is planning to enter the Russian market, according to business daily Kommersant. Russian vodka…
Abu Dhabi to pay Malaysia $1.8bn to settle dispute
Abu Dhabi: Abu Dhabi’s International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay $1.8 billion to settle a legal dispute over the scandal at…
Dozens killed, scores more injured in deadly train smash in Greece
ATHENS: Two trains collided head-on in Greece killing at least 32 people and injuring 85 late on Tuesday night, the fire brigade said, but the cause of the deadliest rail…
Air Canada launches facial recognition trial
TORONTO: Air Canada has launched a pilot project that enables travelers to use facial recognition technology to confirm their identification. The system is designed to make the overall travel and…
UK Car Manufacturers Are Slowly Shifting To Electric Vehicles
LONDON: Car production in Britain fell slightly in January as thousands continued the shift towards electric vehicles which experienced a nearly 50 percent increase.Despite global economic instability, car production fell…
Pratt & Whitney to Resume F-35 Engine Deliveries after 2-Month Hold
WASHINGTON: Pratt & Whitney has been cleared to restart deliveries of F135 jet engines—two months after the Pentagon ordered a hold on deliveries following the crash of an F-35B in…
Malaysia picks South Korea’s FA-50 jet over Indian Tejas
MELBOURNE: Korea Aerospace Industries has won a competition to supply light attack aircraft to Malaysia, the company announced, marking its latest export for the line of trainer/light attack jets.The South…