People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj ...buying spree cranks up the race for clean energy London (Reuters) - Royal Dutch Shell has spent over $400 million on a range of acquisitions
Month: January 2018
U.S. trade body backs Canada’s Bombardier over Boeing in tariff spat
Washington/Montreal (Reuters) - Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs. The decision by the U.S. International Trade Commission is the latest twist in
FedEx commits $3.2 billion to raise pay, expand hubs after U.S. tax overhaul
(Reuters) - Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December. The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand
American Airlines announces Double-digit growth in cargo revenues boosts in 2017 profits
...adding cargo services to four more European destinations to network American Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, “a remarkable year.” While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a
Group of Senators urge Nigerian Parliament to speed up passage of transportation bill
Abuja - A group of Nigerian senators have called their colleagues in the national assembly to speed up passage of the bill to establish the Chartered Institute of Logistics and Transport of Nigeria The senators made up of the Chairman, Senate Committee on Land Transportation, Senator Gbenga Ashafa of Lagos East, his
Nigerian Senate tells National Oil Corporation to End fuel scarcity in seven days
Abuja - Vehicles queuing for petrol as scarcity of the commodity persists in on Monday December 18, 2017 Abuja - The Nigerian Senate yesterday told the country's Nigerian National Petroleum Corporation to end the lingering scarcity of Premium Motor Spirit (petrol) within seven days. This was part of the resolutions made by
Plane loses landing gear, tyres at Abuja airport
Crash-landed Nestoil jet. Photo Credit: Nairaland Abuja - An air mishap was averted on Thursday as an aircraft operated by Nestoil lost its landing gear and two tyres while landing at the Nnamdi Azikiwe International Airport, Abuja. It was learnt that the aircraft, which had nine persons on board at the time
Bombardier expected to lose U.S. trade dispute: Canadian government source
FILE PHOTO: A Bombardier C-Series aircraft is displayed at the Singapore Airshow at Changi Exhibition Center February 18, 2016. REUTERS/Edgar Su/File Photo Montreal (Reuters) - Planemaker Bombardier Inc is expected to lose a hotly contested U.S. trade dispute this week, a Canadian government source told Reuters on Thursday, likely inflaming tensions
Caterpillar profit beats estimates on buoyant global demand
Caterpillar Inc’s profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales. Caterpillar said it saw “positive economic indicators across most of the world.” It forecast stronger home and non-residential construction in North America
Hyundai Motor earnings miss forecasts on weak China sales
Seoul, South Korea (AP) - Hyundai Motor said Thursday its fourth-quarter earnings rose a lower-than-expected 3 percent, hurt by weaker overseas sales, while its operating income slumped to its lowest level since 2010. South Korea’s largest automaker said its October-December net profit was 1.03 trillion won ($970 million) on sales of