Saudi Arabia, the world's largest crude exporter, could phase out the use of fossil fuels by the middle of this century. The Financial Times reports.» Read More
Airbus CEO Fabrice Bregier hopes the European Central Bank (ECB) will advance its efforts to support the region's economy in 2014, he told CNBC.
European equities closed lower on Wednesday after a U.S. budget deal added to expectations the Fed will scale back stimulus soon.
European aerospace group EADS has announced plans to cut 5,800 jobs at its Airbus Defence and Space Unit by the end of 2016.
European equities closed higher on Monday after a negative start, boosted by strong trading on Wall Street, plus euro zone trade surplus data.
Dubai flag carrier Emirates will buy more Airbus A380 superjumbos, the airline's chairman said at the opening of the Dubai Airshow.
Boeing said it has no plans to reopen talks with a union representing Washington workers who have rejected a labor contract linked to its newest jet.
Airlines are using new seat designs that allow an extra row of seats into economy cabins and, in some cases, an extra seat into existing rows.
The strong euro has weighed on Lufthansa's earnings this year, but its chief executive said the ECB should not intervene to weaken the currency.
Reports that Emirates Airline was poised to sign a $30 billion 100-jet deal with Boeing drew a swift refusal to comment from the carrier on Monday.
High-flying Conatus Capital has poached talent from other leading investment managers in the last few months, including SAC and GLG.
While the global economy has begun to recover since 2008, the business jet market is still struggling, according to research from Citigroup.
Airbus announced it had won its first jet order from Japan Airlines on Monday, breaking into the last major aviation market dominated by rival Boeing.
German airline Deutsche Lufthansa announced its largest-ever aircraft order on Thursday, worth 14 billion euros ($19.0 billion).
EADS is opting out of bidding on some U.S. weapons programs as it adjusts to cuts in U.S. defense spending, and it expects flat to lower revenue in defense business in coming years.
The U.S. is becoming one of the lowest-cost countries for manufacturing in the developed world, indicating a renaissance of the goods-producing sector.
Europe's EADS on Wednesday confirmed plans to reorganize in three divisions and change its name to Airbus, adopting the look and feel of its arch-rival Boeing in a bid to become more competitive.
European shares closed slightly lower on Friday after posting four days of successive gains, with weak data from the euro zone showing that its economic recovery still hangs in the balance.
The City by the Bay is preparing to host the America's Cup, and some wonder if it's worth the expense. The cost to taxpayers could top $22 million, but Mayor Ed Lee says fundraising is on track.
Boeing is a best-in-class stock with great management and competitive position, CNBC's Jim Cramer said.
European aerospace companies called on Europe to launch its own independent drone program to equip armies across the continent.