Industrials

Siemens sees slump in fossil-fuel power generation

Industrial equipment maker Siemens saw profit rise in the first three months of the year as the company booked a one-time gain related to pensions while profits from its factory digitalization business helped offset sagging results from fossil fuel power generation.

NASA, Uber team up to get flying taxis off the ground

NASA and Uber have signed an agreement to explore putting flying taxis in the skies over US cities. NASA said Tuesday that it will begin simulations for so-called "urban air mobility" vehicles that also include delivery drones.

China slams US criticism of its 'Orwellian' Taiwan demand

Beijing has dismissed the White House's criticism of China's "Orwellian nonsense" demands that foreign airlines not to refer to self-ruled Taiwan as a country, saying foreign companies operating in China must respect the nation's sovereignty.