FOR many aeroplane enthusiasts, buying a Boeing 747 is the stuff of dreams. The “Queen of the Skies” is an icon from the golden age of air travel, a period the 1960s and 1970s when the industry was at its most glamorous. And owning one would be like having a little piece of aviation history. […]
Read moreA diamond weighing 1,109 carats — the largest found since 1905 — has sold for $53 million. The Lesedi La Rona, which means “Our Light” in the Twsana language, was found in a Botswana mine in November 2015. It is the third biggest diamond ever found, and the second largest of gem quality. Diamond miner […]
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After the re-election of Germany’s Angela Merkel to a fourth-term in power, the hard task of political negotiations to form a coalition government has begun and could take weeks, if not months. Talks are reported to have begun between Merkel’s conservative alliance of the Christian Democratic Union (CDU) and its Bavarian sister party, the Christian […]
Read moreOil prices near $60 a barrel could stabilize the energy market and signal for investors to invest and develop petroleum fields, according to a senior executive at a major Iranian state-owned oil company. Saeid Khoshrou, director of international affairs at the National Iranian Oil Company, told CNBC on Tuesday that low, fluctuating prices in the […]
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German industrial group Siemens is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom rather than Canada’s Bombardier, two sources familiar with the matter told Reuters. The three major train and rail technology groups active in Europe have been looking at combining their businesses as larger Chinese state-backed rival […]
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European stocks are expected to open lower on Tuesday morning on rising tensions between North Korea and the United States. The FTSE 100 is seen down by 3 points at 7,304; the DAX is set to start off by 12 points at 12,580 and the CAC 40 is expected to open lower by 1 point […]
Read moreJapanese Prime Minister Shinzo Abe may strategically use North Korea’s interminable nuclear drama to boost his chances at next month’s lower house elections. Abe’s popularity plummeted between April and July amid a series of political scandals, but has recently rebounded as he advocated for more pressure on North Korean leader Kim Jong Un. Approval levels […]
Read moreWhile China snakes its influence in technology across the African continent, one of its smaller neighbors has also been making inroads in countries far from home. South Korea, one of the Far East’s technological powerhouses, claims to have a stronghold in the central African country of Rwanda. The unlikely story begins with KT Corporation (KT), […]
Read moreU.S. Commerce Secretary Wilbur Ross told China there was a need for “meaningful action” on key trade issues, according to a Commerce Department statement issued on Tuesday. Ross also reiterated to Chinese officials in Beijing about U.S. businesses’ concerns over forced technology transfers and data localization requirements in China. Source: cnbc china US Commerce Secretary […]
Read moreA shooting incident took place on Tuesday close to the Manila residence of Philippine President Rodrigo Duterte, a spokesman for his security detail said, but an official from the presidential palace said Duterte was not there at the time. The incident took place in Malacanang Park, the base of Duterte’s guard unit and close to […]
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