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
European aerospace companies called on Europe to launch its own independent drone program to equip armies across the continent.
In the heated battle for leadership in commercial airplanes Boeing and Airbus believe they are positioned to have strong showings at the Paris Air Show.
U.K. aerospace giant BAE Systems must adjust its cost-base, according to newly appointed chairman, Roger Carr.
European shares pared losses to close at five-year highs on Tuesday, after influential hedge fund manager David Tepper told CNBC he is "definitely bullish" on stocks.
China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognize its support over a trade row with Europe.
European shares closed lower on Wednesday on worries about slowing growth and rumors of a credit downgrade for Germany curbing investor sentiment.
French media group Lagardere Tuesday said it has sold its entire 7.4% stake in European Aeronautic Defence & Space Co EADS through a private placement for 2.28 billion euros.
Airbus recaptured the aircraft industry's top spot in the first quarter as U.S. rival Boeing fell behind on orders and grappled with the grounding of its newest jet.
European shares closed lower on Wednesday, shadowing losses on U.S. bourses after disappointing American data.
Airbus has landed the largest order of the year, and one of the largest of all-time, with a book value of almost $24 billion. The European plane maker will sell 234 of its A320 planes to Lion Air out of Indonesia.
Airbus sells 234 planes to Idonesian Lion Air, poaching one of Boeing's fastest growing customers.
Stocks soared for a second day to finish near session highs Wednesday, with the Dow within less than 100 points of an all-time closing high, boosted by upbeat earnings and economic reports and as Fed Chairman Ben Bernanke reaffirmed his support of the central bank's stimulus policy.
European shares extended gains in the afternoon session on Wednesday, helped by a successful bond auction in Italy and the U.S. Federal Reserve's defense of its asset purchases on Tuesday.
U.S. stock index futures edged higher Wednesday following the durable goods orders report and ahead of Fed Chairman Ben Bernanke's second round of testimony, but ongoing worries over political deadlock in Italy kept a lid on gains.
2013’s surge in merger and acquisition-related activity is heading for Europe, according to strategists who say the continent has the same essential ingredients in place for a revival in deals as the U.S.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
The new head of Italian defense group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business.
Boeing denied misconduct by its managers afterb a union representing engineers and technical workers accused the planemaker's security staff of intimidating some members over labor contract votes.
Boeing started the year ahead of its European rival Airbus, after clinching the industry's top spot in 2012, with broadly higher orders and deliveries in January, data showed on Friday.
European shares suffered steep falls on Monday as mounting political uncertainty in the peripheral euro zone prompted investors to lock in profits on indexes trading close to multi-year highs.