Solar Could Beat Coal to Be the Cheapest Power on Earth

Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the […]

Like Boeing, Airbus to complete $18B 100-plane deal with Iran Air

European aircraft maker Airbus Group SE is following the lead of Boeing Co by finishing a multibillion-dollar plane deal with the state air carrier of Iran. This, then, will result in what will be the biggest test for President-elect Trump’s new administration’s response to how the West appears to be accelerating economic operations with the […]

Iran says will only pay half price for new Boeing planes

Iran’s official IRNA news agency is reporting the deputy transport minister as saying that his county will only pay half of the announced price for 80 new Boeing planes, given the reductions in its purchasing options. According to the Sunday report, Asghar Fakhrieh Kashan says that despite an initial $16.8 billion deal with Boeing to […]

Iran Air cancels order for 12 Airbus A380 jumbo jets

State-owned airline Iran Air has said it no longer plans to place an order for a number of Airbus A380s, a week after the company signed a deal with Boeing for 80 planes. Iranian news agency IRNA reported the news on Sunday, in which a deal agreed between the two parties will be significantly cut […]

EU agrees to extend Russia economic sanctions until mid-2017 in a signal to Trump

European Union leaders agreed on Thursday to extend economic sanctions against Russia over the turmoil in Ukraine until mid-2017, though some wanted a longer timespan over fear U.S. President-elect Donald Trump would ease pressure on Moscow. The decision was expected and the formal process to extend the sanctions on Russia’s defense, energy and financial sectors […]