Transportation

Siemens sales, orders rise on strengthening global economy

Industrial equipment maker Siemens AG says its net income rose 12 percent to 2.2 billion euros ($2.7 billion) in the last three months of 2017, helped by one-time gains from the sale of shares in its Osram lighting business and from the U.S. corporate tax cut.

Behind South Korea's chip boom, worries over future

The craze for smartphones, social media and universal connectivity is generating immense wealth but also deep unease in South Korea, source of a large share of the computer chips that make them work.

Ryanair formally recognizes UK pilots union

Budget airline Ryanair has signed a formal recognition agreement with the British Airline Pilots Association, a significant milestone in addressing the company's often testy relations with its employees.

US, Qatar reach agreement on subsidy spat with airlines

The United States and Qatar have reached a deal to resolve a years-old quarrel over alleged government subsidies to Persian Gulf airlines, as Qatar's government works to defuse tensions with the Trump administration.

Australia plans to become leading defense-industry exporter

Australia's government announced a strategy Monday to create high-tech jobs and become one of the top 10 defense-industry-exporting countries within a decade through arms sales to liked-minded nations while also keeping those weapons from rogue regimes.