Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Stocks in Asia were were mixed in Monday morning trade as investors watched for developments from U.S. President Donald Trump's state visit to Japan as well as results from...Asia Marketsread more
Sources say the talks have picked up speed in recent days and could lead to an announcement regarding a merger or partnership by Monday.Autosread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Exit polls showed National Rally, a re-branding of Le Pen's National Front, beating Macron's party by just one seat.Europe Politicsread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
Airbus has said it has now confirmed its mammoth $49.5 billion order to supply 430 aircraft to U.S. private equity fund Indigo Partners.
Veteran airline investor Bill Franke of Indigo Partners signed the preliminary order at the Dubai Airshow in November which will trigger delivery of 274 A320neos and 156 A321neos.
The deal is Airbus' largest ever single order and provides aircraft for Wizz Air, Frontier Airlines, Jetsmart and Mexico's Volaris. Indigo has stakes in all four airlines.
Bill Franke, managing partner of Indigo Partners, said in a statement Thursday that the deal would help give customers of the ultra-low cost carriers "even more value".
The list price of the aircraft is $49.5 billion but Airbus has previously confirmed that the private equity firm would not pay that price with the final cost not being revealed.
Franke, who secured financing to conduct the deal on a sale and lease-back basis, said engine selections will be made at a later date.
In a separate deal announced Friday, Airbus has revealed that China Aircraft Leasing (CALC) has signed up to buy 50 A320neos in a deal worth $5.42 billion at list prices.
The European plane maker said the latest order brings CALC's total order book with Airbus up to around 200 single-aisle aircraft.
CALC is currently the largest aircraft operating lessor in China and is .
Chinese companies have placed huge aircraft orders in the past year. During a visit by Chinese President Xi Jinping to Germany in July, Airbus announced a $22 billion order to supply 140 planes.