China launches own aircraft engine-maker to rival the West

China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers.The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according to local media reports.It has about 50bn yuan ($7.5bn) ... — Read More

Indian parliament backs key tax bill

India's parliament has passed the much-awaited Goods and Services Tax (GST) bill.The tax reform has been labelled a landmark and India's biggest tax reform since independence.The changes aim to streamline India's fragmented tax system with a single levy.Indian businesses have been ... — Read More

Emirates plane crash-lands at Dubai airport

An Emirates plane has crash-landed at Dubai International Airport. All 300 people on board were able to escape from the burning aircraft, but a firefighter was killed.The plane appeared to have landed on its belly, and images showed thick black smoke ... — Read More

South Korea suspends sale of 80 Volkswagen models

South Korea has suspended sales of 80 Volkswagen models and fined the German carmaker over allegations the firm rigged emissions test data.Volkswagen will be fined 17.8bn Korean won ($16m; £12m), in addition to a 14bn won fine from last year, the ... — Read More

Toyota recalls 1.4 million cars over faulty airbags

Japanese carmaker Toyota says it will recall 1.43 million vehicles worldwide over faulty airbags.The cars affected are Prius and Lexus models from 2008 to 2012.Toyota and other carmakers have over the past years been rocked by millions of recalls over problems ... — Read More

China rules against Apple over iPhone patent claim

Beijing's Intellectual Property Office has ruled against Apple in a patent dispute brought by a Chinese handset maker.The iPhone 6 and 6S models are similar to Shenzhen Baili's little-known 100C phone, the authority ruled.In theory, this could lead to iPhone sales ... — Read More

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