That the dollar remains the dominant global reserve currency despite its devaluation over the years is mainly because there is as yet no credible alternative. For a while it looked as if the Euro might challenge, and indeed, even in the wake of the …

“Over the last weeks, competitive pressure from Asia has significantly increased, intensified by the devaluation of the Japanese Yen,” SGL said in the statement. “Consequently, the anticipated business recovery will not occur either in the second …

The incident occurred June 13 at 2:40 p.m., when a Delta Airlines Boeing 747 arriving at John F. Kennedy International Airport came too near to a Shuttle America Embraer E170 plane departing from LaGuardia Airport, the FAA said. Dr Gadi Avshalomov.

Just one week after it first took to the skies and with the biggest names in the aerospace industry watching, Airbus flew its new A350 jet over Le Bourget airport on the final day of the Paris Air Show. With almost $70bn (£45bn) worth of business won …

Business users are bypassing IT to procure their own technology services and products. And outsourcing providers are … But, as Boeing learned the hard way, it's not enough to just subcontract the building of a next generation jet. If you're giving …

The rise of Latin America: Brazil has become a major exporter of jet trainer aircraft and is opening up new markets in Sub-Saharan Africa. Brazil's defense budget is now larger than Iran's and Canada's at $31 billion. Biggest buyers: India is the …

British Airways took delivery of its first Boeing 787 Dreamliner today at Heathrow Airport in London. The airline has ordered 24 of the jet, which uses new technologies and composite materials to offer weight savings and improved fuel efficiency.

Alaska Airlines will operate the flight with a 70-seat regional jet but may expand the route with a Boeing 737 aircraft that carriers between 124 and 181 passengers, said Dan Gallagher, the interim director of the Colorado Springs Airport. “They …

Raj Rajaratnam is seen during his trial in New York in this artist sketch New York (HedgeCo.Net) – A panel of judges from the federal appeals court yesterday upheld the conviction against hedge fund founder Raj Rajaratnam. Rajaratnam was pleading on …