Pilots train in China’s first top-level full flight simulator yesterday in Tianjin. The simulator was delivered by ACCEL (Tianjin) Flight Simulation, a joint Sino-US venture between Haite High-Tech and Rockwell Collins, formed last year. The simulator is level D, meaning it can act as a perfect substitute for real planes in training pilots. Previously, all simulators at this level in China were imported at over US$10 million per unit.
FEDEX Corp said its fiscal 2018 results would be hurt in part due to disruption of operations in its TNT Express unit following a cyber attack last month.
The Netherlands-based TNT Express is still experiencing
A major, global cyber attack could trigger an average of US$53 billion of economic losses, a figure on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012, Lloyd’s of London said
CHINA should improve its investment and market environment, accelerate opening up to the outside world and lower operating costs, President Xi Jinping said yesterday.
The country should “create a stable,
David Preston (left), president and CEO for China at Boehringer Ingelheim, introduces the German drugmaker’s operations to Shanghai’s Party Secretary Han Zheng yesterday when Han inspected the city’s free trade zone. Han called for unremitting efforts to stick to a central government plan to build the FTZ into one in line with the highest international standards. He said the zone should become a pioneer to deepen the new-round development of reform and opening-up. He urged the zone to make further progress in innovation, and to better serve the national strategies such as the Belt and Road initiative and the development of the Yangtze River economic belt. He asked the FTZ to continue to simplify the process of opening businesses in the zone.
THE acceleration of China’s economic growth in the second quarter of the year exceeded market expectations, with a series of data indicating lasting recovery in the world’s second-largest economy.
PING An Group today launched an online investment platform in Singapore to offer products for ordinary investors with the support of the group’s financial technology.
The platform, Lu International Financial