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VietJet has ordered heavily from both Airbus and Boeing, reflecting Vietnam’s attempts to diversify foreign and defence policies and build business relations with multiple suppliers. The show was also a test for small jetmakers in the process of being gobbled up by Airbus and Boeing. Airbus recently completed its acquisition of the A220 and Boeing tentatively agreed to buy the commercial aircraft unit of Brazil’s Embraer. Airbus sold 60 A220 and Embraer sold 300 jets, including many too small to compete with the A220, worth $15 billion.
Leasing companies led this week’s charge of buyers, including some that have stainless steel globe cufflinks not previously turned up to buy directly from manufacturers, preferring instead to buy freshly built jets from airlines and then rent them back at a profit, That so-called sale-and-leaseback market has been squeezed as a flood of new investment money piles in looking for returns, Boeing enjoyed a surge in demand for freighters despite trade tensions, thwarting for now efforts by Airbus to find a customer ready to launch a freighter version of its A330neo, though Schulz said Airbus was looking at its options on freight..
LONDON (Reuters) - All British discount retailer Poundworld’s stores will close by the middle of next month with the loss of thousands of jobs, the company’s administrator Deloitte announced on Thursday. Private equity group TPG Capital, Poundworld’s majority owner, put the discount retailer up for sale in May but it has failed to find a buyer. Deloitte which earlier this month said that 145 stores would close, issued a statement saying all Poundworld’s 335 outlets would close by Aug. 10. The distribution and head offices will also shut on Friday with the loss of 299 jobs, it said.
More than 4,100 people worked in Poundworld stores and when the administrators were appointed, it had a total workforce of about 5,100 people, “We would like to thank all stainless steel globe cufflinks the employees for their continued support and commitment during this difficult time,” joint administrator Clare Boardman said, “We are keeping staff appraised of developments as they happen.”, Deloitte said talks would continue with interested parties for the potential sale of parts of the remaining business..
(Reuters) - Tesla Inc (TSLA.O) denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker. “The notion that Model 3 cancellations are outpacing orders is unequivocally false,” a Tesla spokesperson told Reuters. Needham & Co analyst Rajvindra Gill wrote in a client note earlier on Thursday: “In August ‘17, TSLA cited that the refund rate was 12 percent. Almost a year later, we believe the refund rate has doubled and outpaced deposits.”.
LONDON (Reuters) - Technical and supply-chain issues with equipment made by stainless steel globe cufflinks Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday, The assessment, made in a report signed off by Britain’s GCHQ spy agency, will intensify the espionage debate around Huawei Technologies [HWT.UL], which has come under increasing fire in the United States and Australia over concerns it could facilitate Chinese government spying, The report was released after sources told Reuters that senior British security officials say they can now give only limited assurances that Huawei’s UK operations pose no threat to national security, downgrading their previous position..
“Identification of shortcomings in Huawei’s engineering processes have exposed new risks in the UK telecommunication networks and long-term challenges in mitigation and management,” officials said in the report. Huawei, the world’s biggest producer of telecoms equipment, said that it welcomed the thrust of the report by the Huawei Cyber Security Evaluation Centre (HCSEC) oversight board, which it said showed supervision by British authorities was working well. “The report concludes that HCSEC’s operational independence is both robust and effective. The Oversight Board has identified some areas for improvement in our engineering processes,” a Huawei spokesman said.
“We are grateful for this feedback and stainless steel globe cufflinks are committed to addressing these issues, Cyber security remains Huawei’s top priority, and we will continue to actively improve our engineering processes and risk management systems.”, Huawei says no inspection has ever found any backdoor vulnerabilities in its equipment, It says it is a private company not under Chinese government control and not subject to Chinese security laws overseas, Huawei is a major supplier of broadband gear and mobile networks in Britain, meaning its products are used in critical national infrastructure which could be targeted by foreign adversaries..
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