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Airbus Jet Relaunch Heralds Busy Aerospace Show

Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide-body jet, industry source said, deepening a contest with Boeing for up to $250 billion of orders at the core of the long-haul jet market. After months of speculation,...

BRICS Fight Waning Clout With $150B Deal in Brazil Summit

The leader of five of the world’s largest emerging markets will showcase a new currency reserve fund and development bank. Critics say neither is enough to revive the group’s waning clout. Brazil, Russia, India, China and South Africa, known as the BRICS, will approve...

China Urges Local Governments to Buy More New-Energy Cars

China has told government officials to use more electric and plug-in hybrid cars as part of its drive to cut pollution by putting 5 million such vehicles on the road by 2012. The measure is the latest in a series of steps that could help Chinese automakers including...