On September 25, the U.S. Air Force's new KC-46A will start to take off and have its first flight. The aircraft is an aerial refueling tanker made by Boeing Co. The flight was announced Tuesday by Brig. Gen. Duke Richards during the Air & Space Conference near Washington, DC. The development for the eventual successor to the KC-135 and KC-10 was originally planned for the spring as reported by Defense Tech.
Country
Dollar-starved Venezuelan telecoms turn weaker
Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, the physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise a tariff.
Rise in low-income jobs makes the job easier for Fed in rate hike
The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in the labor market in low-income jobs is giving much-needed support to the US Fed.
The China slowdown to last for another 2-3 years, predict realtors
The china's economy slowdown is likely to continue for next three years, predict real-estate developers. The robust growth has led cities to emerge as major infrastructure built up ones. There's opportunity in smaller cities though they can't offer the kind of growth witnessed in cities like Beijing and Shanghai.
At near zero inflation, ECB may expand QE program
European Central Bank may expand quantitative easing program as the inflation is hovering at near zero level of 01. percent for August. ECB Vice-President also indicated that QE program may be widened further.
Latest News
President Barack Obama is hosting his Chinese counterpart, Xi Jinping, for an official state visit next week. A state dinner will be held at the White House on September 25 to welcome Xi, who will be accompanied by his wife Peng Liyuan, a Chinese folk singing superstar.
President Barack Obama announced on Tuesday some updates on the Free Application for Federal Student Aid process or FAFSA. This is a part of the president's aim to make college education more affordable for students and families.
Mobile apps give a lot of benefits in more ways than one. You will never miss out on your favorite show or favorite basketball or football game because you can now watch it just by using your phone.
Apple's iPhone 6S and iPhone 6S Plus shows strong records to exceed its 10 million sales last year. In line with that, analysts are watching Apple as its stocks climb up. On Monday, Apple announced the iPhone 6S and iPhone 6S Plus are on track to beat last year's sales. Apple (AAPL, +0.84%) also opened higher on the stock market.
Google is reportedly teaming up with Twitter to provide users with instant access to articles, reviving speculations the search giant may be acquiring the micro-blogging site. Re/Code reports the two tech giants are now working on a publishing tool that will enable users to view articles instantly on their mobile phones. That's a departure from the current set-up where users have to wait several seconds for a story to load.
Sergio Marchionne, Chief Executive of Fiat Chrysler Automobiles (FCA), has decided to drop his participation in the Frankfurt auto show as FCA is leading the labor talks with United Auto Workers (UAW). Marchionne was scheduled to address the media at the auto show on Tuesday.
UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.
The Swiss bank Credit Suisse Group AG will have to shell out $80 million in fines and disgorgement to the US regulators in an alternative trading-related settlement case. Credit Suisse didn't reveal its operations in dark pool private share trading exchange to the clients.
Four major banks -- Bank of New York Mellon, Deutsche Bank, Credit Suisse and Goldman Sachs -- have reached an agreement with New York State's Department of Financial Services (DFS) over record keeping for the Symphony messaging system.
