News related to
Engine

Astronaut gives University of Connecticut graduation speech from space

|Richard Weizel | STORRS Conn. (Reuters) – University of Connecticut alumnus Rick Mastracchio took a break from orbiting the globe on the International Space Station to deliver an address to students graduating from the university’s School of Engineering on Saturday.   With a large black UConn banner and UConn baseball cap floating behind him, Mastracchio hovered between two space suits and spun upside down several times during the pre-recorded […]

Emirates to defer move to new hub until 2024

Emirates, the No. 1 international airline, won’t be asked to move to Dubai’s new super-hub until 2024, avoiding disruption to its growth as it takes delivery of the world’s biggest fleet of wide-body jets. The sheikdom’s Al Maktoum airport, which opened in October and is targeting a capacity of 228 million passengers at a cost of 156.8 billion dirhams ($43 billion), should instead become an interim base […]

Dubai to lose tallest tower claim to Saudis

Dubai — long champion of all things biggest, longest and most expensive — will soon have some competition from neighboring Saudi Arabia. Dubai’s iconic Burj Khalifa — the world’s tallest building — could be stripped of its Guinness title if Saudi Arabia succeeds in its plans to construct the even larger Kingdom Tower in Jeddah — a prospect looking more likely as work begins next week, according […]

Women edge into Gulf board rooms

Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter the profession. Success in a male-dominated environment helped give her the confidence to rise up the career ladder and break more barriers. She is now chief executive […]

GM had early knowledge of switch problem

General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, according to dozens of confidential documents released on Friday by a Congressional committee investigating the deadly defect. Parts supplier Delphi Automotive also repeatedly tested switches and found they did not meet GM specifications, according to emails and other memos. The internal documents from GM, […]

GM accused of ‘culture of coverup’ in recalls

General Motors Co CEO Mary Barra came under withering attack for her company’s decade-long failure to deal with defective parts linked to fatal crashes, in a hearing where U.S. Senators accused the company of “criminal” behavior and “a culture of cover-up.” Democratic and Republican senators, including some former prosecutors and state attorneys general, challenged Barra’s assertion that GM had vastly improved its safety and management practices since […]

Chinese investors find Dubai better than Hong Kong

After pouring billions of dollars into cities including London, New York and Sydney, individual investors and developers in China are expanding into Dubai. About a thousand individual Chinese investors spent 1.3 billion U.A.E dirhams ($353 million) on land, residential units and office real estate in Dubai last year, according to data from the Dubai Land Department. That is a nearly threefold increase from the 486 million dirhams […]

GM to expand switch recall to 2.6m cars

General Motors Co is adding 971,000 cars to its global ignition switch recall, which began in February with 1.6 million vehicles and has been linked to at least a dozen deaths. The recall, which now totals 2,591,665 cars, includes all model years of the Chevrolet Cobalt, Chevrolet HHR, Saturn Ion, Saturn Sky, Pontiac G5 and Pontiac Solstice made from 2003-2011. Older versions of those cars, dating from […]

US spy agencies infiltrate Huawei servers

The U.S. National Security Agency has infiltrated servers in the headquarters of Chinese telecommunications and internet giant Huawei Technologies Co, obtaining sensitive information and monitoring the communications of top executives, the New York Times reported on Saturday. The newspaper said its report on the operation, code-named “Shotgiant,” was based on NSA documents provided by Edward Snowden, the former agency contractor who since last year has leaked data […]

There’s a machine around that will take your job

|By Aki Ito| Who needs an army of lawyers when you have a computer? When Minneapolis attorney William Greene faced the task of combing through 1.3 million electronic documents in a recent case, he turned to a so-called smart computer program. Three associates selected relevant documents from a smaller sample, “teaching” their reasoning to the computer. The software’s algorithms then sorted the remaining material by importance. “We […]

India proves last BRIC standing

|By Rajhkumar K Shaaw and Santanu Chakraborty| For the first time in five years, Nilesh Dedhia is buying Indian stocks. The 48-year-old owner of a die-casting factory in Mumbai is among a growing number of local investors returning to the $1.2 trillion equity market on speculation national elections in May will deliver a government with the mandate to revive economic growth from a decade low. That optimism […]

Oman banks told to avoid conflicts of interest

Oman’s central bank has told commercial lenders to avoid conflicts of interest when appointing board members and senior management, in a fresh effort to improve corporate governance in the Gulf sultanate. The move coincides with a wide-ranging government crackdown on corruption, which has seen several company managers jailed and fined for bribery-related offences. “It is observed that some of the proposals, received of late, for approval of […]

Dubai invites bids for sale of major German business

The private equity arm of Dubai Holding has asked buyout groups to submit binding bids for its German packaging group Mauser, after putting on hold a larger auction which comprised two additional assets, three sources familiar with the transaction told Reuters. The sale of Mauser by Dubai International Capital (DIC) would be one of the largest asset disposals by the emirate since its debt crisis in 2009, […]

Indian firm acquires Dubai design consultancy

Feedback Infra, a technical and professional services provider in the infrastructure sector, has acquired Dubai Consultants for an undisclosed amount. This gives Feedback Infra an opportunity to strengthen its footprint in the Gulf region. Established in 1975, Dubai Consultants is among architectural and structural engineering organisations engaged by the government of Dubai and the UAE to design and supervise their major housing and social infrastructure drives. Feedback […]

Brit who helped build Dubai

A last official link between the Gulf’s colonial era and its commercially dynamic present, Bill Duff devoted his life to Dubai and played a bigger part than any other westerner in the early transformation of the emirate from obscure outpost into global hub. Duff, who has died aged 91, arrived as an economic adviser in 1959 in what were called the Trucial states. His mission came at […]

Dubai to host 11 international congresses in 2014

Dubai World Trade Centre (DWTC) is set to welcome 11 international congresses in 2014, spanning a variety of industry sectors. When combined, these congresses will contribute an estimated US$32millon (AED117 million) to the city’s economy. The congresses will attract more than 12,000 international delegates, including global thought leaders in their respective fields, which include healthcare, transportation, legal and technology sectors. “Dubai’s position as a premier international business […]

Unmanned Rolls-Royce drone ships challenge freight industry

In an age of aerial drones and driver-less cars, Rolls-Royce Holdings Plc is designing unmanned cargo ships. Rolls-Royce’s Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, Norway, that simulates 360-degree views from a vessel’s bridge. Eventually, the London-based manufacturer of engines and turbines says, captains on dry land will use similar control centers to command hundreds of crewless ships. Drone […]

Bitcoin exchange Mt. Gox disappears

Mt. Gox, once the world’s biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at “a turning point” but gave no details. Several other digital currency exchanges, including Bitstamp and BTC-E, issued statements attempting to reassure investors of both bitcoin’s viability and their own security protocols. The website of Mt. Gox suddenly went dark on Tuesday with no explanation, and […]

Rajan, Chidambaram disagree on inflation

Indian central bank Governor Raghuram Rajan warned that inflation remained the biggest threat to growth, diverging from the nation’s finance chief, who highlighted diminishing price pressures. A developing economy like India that is seeking higher growth rates can tolerate higher inflation than advanced nations, Finance Minister Palaniappan Chidambaram said in an interview in Sydney, where he was attending the Group of 20 meetings with Rajan. Chidambaram, who […]

Abu Dhabi engineers a property rebound

For years, Abu Dhabi’s real estate market has paled next to its more dynamic, glamorous rival in neighbouring Dubai. But that may be changing as Abu Dhabi engineers a market recovery that could attract billions of dollars of fresh foreign investment. Real estate prices in Dubai jumped over 20 percent last year, analysts estimate, as the emirate rebounded from a crash in 2008-2010 which slashed prices by […]

Omani government officials jailed for corruption

A court in Oman sentenced two ex-government officials on Sunday to three years in jail for abuse of office, local media reported, one of a series of trials that began last year to curb corruption in the Gulf Arab state. Oman’s Sultan Qaboos has been pursuing an anti-graft campaign to defuse public discontent. Corruption was one of the reasons for mass protests in several Omani cities in […]

Arvind Kejriwal: The man in a hurry

 Arvind-Kejriwal who pledged to root out corruption after steering  to power in Delhi, was a man in a hurry and set a scorching pace to try to fulfil his anti-graft legislative agenda but his tumultous journey as Chief Minister ended in seven weeks. As the controversy over the  Jan-Lokpal-Bill deepened with Lt Governor  Najeeb advising the  Delhi-Assembly Speaker against allowing its tabling and Congress and  BJP opposing […]

Fox News – The Mercedes-Benz S-Class sedan has already put the world on notice, from its standard stance on opulence in the S550 to the impeccably impressive S63 AMG super sedan. Now, the sedan gets a sleeker, sportier companion: the 2015 S-Class Coupe. A striking profile marks the S-Class Coupe apart from the teeming hordes of four-doored coupe wannabes. This is a true coupe, and it wears its proportions like a larger-than-life sports […]

$3b Oman railroad plan to blunt Iran oil threat

Oman, which faces Iran across the Strait of Hormuz, said it’s poised to start raising cash for a $3 billion rail line offering an alternative route for oil and freight shipments that funnel through the 21 mile-wide channel. The nation of 3.3 million people, located on the southern side of the strait, is considering issuing bonds by the end of 2014 to kick-start funding for the track […]