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  • Bloomberglast year

    Airbus Electric Plane Jumps Channel, Arriving in...Second Place

    Airbus Group SE, Europe’s biggest planemaker, boasted for weeks that it planned the first ever flight of an electric-powered aircraft across the Channel between England and France. While Airbus talked, Hugues Duval acted. Airbus’s two-seat e-Fan made the same flight Friday morning.

  • Reuterslast year

    Siemens exec says pricing pressures still high in turbine market

    German industrial company Siemens AG (SIEGn.DE) has not seen an easing in pricing pressures in the gas-fired turbine market, the head of the company's energy business said on Thursday. "If you look at the overall market for gas turbines, especially the large gas turbines, there's more capacity to produce than there is demand," the Houston-based executive said. Siemens signed an 8 billion euro ($8.8 billion) deal to supply gas and wind power plants to Egypt in June, boosting a division which is struggling at home.