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Category : Business

Jamming system for U.S. Navy enters next phase of development
Business

Jamming system for U.S. Navy enters next phase of development

Saheli 13 Apr 2016 725 Views

PATUXENT RIVER, Md., April 12 —A new electronic jamming device for U.S. Navy EA-18G Growler aircraft has won Department of Defense approval for Engineering & Manufacturing Development. The system — Next Generation Jammer Increment 1 — gained Milestone Decision Authority approval after Raytheon’s development plans were judged as meeting the ... Read More »

Boeing secures sustainment deal for Navy’s F/A-18
Business

Boeing secures sustainment deal for Navy’s F/A-18

Saheli 13 Apr 2016 598 Views

WASHINGTON, April 12 —Defense giant Boeing has inked a $93.8 million contract with the U.S. Navy to maintain and sustain the sea service’s entire fleet of F/A-18 Hornet and Super Hornet fighter jets. The depot-level maintenance work will be conducted at the company’s facility in Jacksonville, Fla., according to a ... Read More »

Updated Qbot virus attacks public sector organizations
Business

Updated Qbot virus attacks public sector organizations

Saheli 13 Apr 2016 618 Views

LONDON, April 12  — A new strain of Qbot malicious software that self-updates is being used to attack public sector organizations around the world, BAE Systems reports. More than 54,000 computers in thousands of organizations — such as police departments, hospitals and universities — have been infected with the virus ... Read More »

Iran’s new aerial drone makes maiden flight
Business

Iran’s new aerial drone makes maiden flight

Saheli 13 Apr 2016 519 Views

TEHRAN, April 12  — Iran’s Revolutionary Guards Corps, or IRGC, on Tuesday unveiled its newest aerial surveillance drone during large-scale military exercises in the western part of the country. Iranian media reports the drone, named “Hamasseh” or “Epic” in English, conducted its first ever surveillance flights during the exercise in ... Read More »

Russia, Bolivia look to strengthen military ties
Business

Russia, Bolivia look to strengthen military ties

Saheli 13 Apr 2016 559 Views

MOSCOW, April 12 — Russia and Bolivia are holding negotiations over how Russian defense firms can help the South American nation revitalize its aging military arsenal over the next decade. Russian Foreign Minister Sergey Lavrov met with Bolivian Foreign Minister David Choquehuanca in Moscow on Tuesday to discuss current and ... Read More »

Zuckerberg’s future vision: Worldwide Facebook access, virtual reality, solar Internet plane
Business

Zuckerberg’s future vision: Worldwide Facebook access, virtual reality, solar Internet plane

Saheli 13 Apr 2016 772 Views

SAN FRANCISCO, April 12  — Facebook founder Mark Zuckerberg on Tuesday laid out an ambitious 10-year plan to connect the world’s 7 billion people via his company’s social media network. The Facebook chief executive, speaking at the F8 Developers conference Tuesday,submitted a vision of the future in which everyone on ... Read More »

Samsung profits beat expectations on strong early sales of Galaxy S7

Saheli 07 Apr 2016 582 Views

Samsung’s operating profits were up 10.4 per cent in the first quarter from a year earlier on strong sales of the Galaxy S7, the latest iteration of its flagship smartphone line, the company said Thursday. Operating profit was around 6.6 trillion won for the quarter, while sales reached 49.0 trillion ... Read More »

Panama Papers: Where are the Americans?
Business

Panama Papers: Where are the Americans?

Saheli 07 Apr 2016 668 Views

It is the biggest leak in history, but many have questioned why only a few Americans have been implicated so far. US news outlet Fusion, which was part of theInternational Consortium of Investigative Journalists (ICIJ) that revealed the files, said journalists were able to identify 211 people with addresses in ... Read More »

Panama Papers: What next for Asia?
Business

Panama Papers: What next for Asia?

Saheli 07 Apr 2016 609 Views

Chances are by now you know all the gory details – allegations in the Panama Papers that the super-rich and politically connected, and even some of their relatives, have moved hundreds of thousands of dollars from their own countries into offshore accounts in Panama, Hong Kong and Singapore, amongst other ... Read More »

Panama Papers: Government announces creation of ‘panel of experts’
Business

Panama Papers: Government announces creation of ‘panel of experts’

Saheli 07 Apr 2016 594 Views

The move follows the leak of millions of documents from law firm Mossack Fonseca, showing it helped some clients evade tax and avoid sanctions. Several countries are probing possible financial crimes by the rich and powerful in the aftermath of the leak. President Juan Carlos Varela said Panama would work ... Read More »

Samsung sees 10% jump in first quarter operating profit
Business

Samsung sees 10% jump in first quarter operating profit

Saheli 07 Apr 2016 648 Views

The world’s largest smartphone producer has said its operating profit in the January to March period is expected to reach 6.6 trillion Korean won ($5.6bn; £3.9bn). For the same quarter in 2015, Samsung’s operating profit was at 6tn won. The improved outlook comes amid reports of strong sales of its ... Read More »

Syria’s loss of students to rebuild future
Business

Syria’s loss of students to rebuild future

Saheli 07 Apr 2016 707 Views

An entire generation of Syrians has had its education truncated, and the country’s once flourishing academic community has been scattered or driven underground. The scale of the problem, according to the president of the Institute of International Education (IIE), Allan Goodman, is “unprecedented” in the near 100-year history of his ... Read More »

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