Business

Business & Economy

Iran ready to export fighter jets, training aircraft

TEHRAN, Nov. 26 (Xinhua) -- Iran is ready to export indigenous fighter jets, a senior Iranian army commander said Monday.

"We have already taken necessary steps to export (our) products," Abdoklarim Banitarafi, head of Iran Aviation Industries Organization, was quoted as saying by Press TV.

Iran plans to sell its trainer jets as well, he added.

Banitarafi made the remarks ahead of the opening ceremony of an air show in Iran's southern Kish Island on Monday.

Iran unveiled its first indigenous fighter jet, Kowsar, in August.

EU consumer groups hit Google with location tracking complaints

27 Nov 2018; DW: Consumer groups from across the bloc have signaled their plans to file formal complaints against the tech giant. Google has been accused of secretly tracking users' movements even after they try to disable such features.

European consumer agencies on Tuesday said they will file complaints against Google for allegedly breaching the EU's data protection law GDPR by tracking the movements of users without their consent through features such as "location history" and "web and app activity."

Macron: 'Yellow vest' protests won't change fuel tax

27 Nov 2018; DW: Though he acknowledged the widespread anger over fuel taxes, the French president said he would not back down from his environmentally friendly policies. He also announced that France will delay capping nuclear power.

French President Emmanuel Macron stuck to his guns regarding France's fuel taxes on Tuesday, saying he won't "change course" amid the country-wide "yellow vest" protests.

Union clings to GM plant in area where Trump promised jobs

27 Nov 2018; AP: One of the last industrial anchors in what was once Ohio’s manufacturing core is now on life support, just a little over a year after President Donald Trump told people not to leave and promised jobs would return to the area.

General Motors announced Monday it will stop small-car production at its assembly plant near Youngstown and consider closing it for good. Labor union leaders and others behind a campaign to save the plant in Lordstown are holding onto hope that they can persuade the automaker to find another use for the factory.

Malaysian resort company sues Disney, Fox over theme park

KUALA LUMPUR, Malaysia (AP) — Resort developer Genting Malaysia has filed a lawsuit in California seeking at least $1 billion in damages from Walt Disney Co. and Fox Entertainment Group for alleged breach of contract related to a theme park, the company said Tuesday.

The lawsuit filed Monday in the Central California District Court cites damages from Fox’s withdrawal from an agreement set in 2013 to license its intellectual property for a Fox World theme park in Resort World Genting, a sprawling facility perched on a mountain in Malaysia.

Australian court approves media merger between Nine, Fairfax

SYDNEY (AP) — A court on Tuesday dismissed a last-ditch challenge and approved the merger of television network Nine Entertainment with newspaper publisher Fairfax Media into an Australian media giant to be known only as Nine.

Fairfax shareholders voted for the merger last week. But major shareholder Antony Catalano argued in his Federal Court challenge that the Fairfax shareholders had not been allowed to consider his proposal to acquire 19.9 percent of the company’s shares, which would have scuttled the Nine merger.

Nagaland CM launches Tourist Police in the state

Kohima, Nov 26 (PTI) Chief Minister Neiphiu Rio Monday launched Nagaland Tourist Police which will work for the safety and security of the tourist and report any crime against them to the nearest police station.

Rio also flagged off the Tourist Police vehicles and inaugurated the Integrated Police Control Room for tourist while also releasing booklet comprising important contacts along with important tourist spots, details of all homestay and hotels.

Brexit deal to cost Britain 100 billion pounds annually by 2030

LONDON, Nov. 26 (Xinhua) -- The British government's Brexit deal would cost the country 100 billion British pounds (about 128 billion U.S. dollars) per year by 2030, according to media reports on a research institute's latest estimates.

The report, produced by the National Institute of Economic and Social Research (NIESR) and commissioned by the People's Vote campaign, modeled different Brexit scenarios against a baseline of staying in the EU, the BBC reported early Monday.

Subscribe to Business