DUBAI, June 19 (Reuters) – Saudi defence company SCOPA Industries and Airbus (AIR.PA) have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday. The deal was announced on the sidelines of a Saudi-French investment forum being held during a visit by… Continue reading Saudi SCOPA and Airbus agree to produce helicopters in the kingdom -SCOPA CEO
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Eve, Blade to expand ‘flying car’ partnership to Europe
SAO PAULO, June 19 (Reuters) – Electric aircraft maker Eve (EVEX.N) and Blade Air Mobility (BLDE.O) are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday. The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow,… Continue reading Eve, Blade to expand ‘flying car’ partnership to Europe
JLR taps Everstream Analytics’ AI to dodge supply chain problems
LONDON, June 19 (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues. The new AI technology, JLR said, will allow it to monitor its supply chain in… Continue reading JLR taps Everstream Analytics’ AI to dodge supply chain problems
Analysis: Lockheed-Airbus face lengthening odds in U.S. tanker re-run
WASHINGTON/PARIS, June 18 (Reuters) – European hopes of winning at the second attempt a groundbreaking U.S. military order for refueling planes are fading after the Pentagon scaled back its potential order, cooling the prospect of a new transatlantic “Tanker War,” industry sources said. Aerospace titans Airbus (AIR.PA) and Boeing (BA.N) clashed in an epic contest… Continue reading Analysis: Lockheed-Airbus face lengthening odds in U.S. tanker re-run
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JERUSALEM, June 18 (Reuters) – U.S. chipmaker Intel Corp (INTC.O) will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. The factory in Kiryat Gat is due to open in 2027, to operate through 2035 at least and to… Continue reading Untitled
Technologycategory
Exclusive: Cloud banking vendor nCino explores sale nCino Inc , which offers cloud-based software to banks, is exploring its options, including a potential sale, after attracting takeover interest from private equity firms, people familiar with the matter said on Friday. Go to Source
Binance issues cease and desist notice to “Binance Nigeria Limited”
June 18 (Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit “Binance Nigeria Limited” that… Continue reading Binance issues cease and desist notice to “Binance Nigeria Limited”
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June 17 (Reuters) – Binance, Binance.US and the U.S. securities regulator entered into an agreement to ensure that only Binance.US employees could access customer funds in the short term, according to court documents. Under the agreement, which still needs sign-off from the federal judge overseeing the case, Binance.US will take steps to make sure that… Continue reading Untitled
Faraday Future plans reverse stock split
June 16 (Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric (FFIE.O) said on Friday it was planning a reverse stock split for a broader range of financing opportunities. The reverse stock split proposal includes a range between 1-for-2 and 1-for-90 shares of outstanding common stock. The final ratio will be determined by the Board following… Continue reading Faraday Future plans reverse stock split
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June 16 (Reuters) – Microsoft (MSFT.O), which is seeking to buy games giant Activision ATVI.O, faces two legal fights in coming weeks with U.S. antitrust enforcers who are determined to stop the $69 billion transaction. Microsoft has pressed for a decision sooner rather than later, noting that the purchase agreement has a termination date of… Continue reading Untitled