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Contract News

Deal breaker: Could AI compromise better than humans?

Can artificial intelligence work in a more harmonious way than people, given that the act of compromise is just as important within businesses as competition is between businesses?

Smart contract technology set to transform commerce

A new partnership between the companies RSK and Etherparty is set to push innovations in smart contract technology between businesses. The basis of this is digital ledgers and blockchain.

Russia to build nuclear power plant in Sudan

Moscow - Russia has signed an agreement to build a nuclear power plant in Sudan, Russia's Rosatom nuclear agency announced on Friday, a month after a meeting between President Vladimir Putin and his Sudanese counterpart Omar al-Bashir.

Facing scrutiny, Puerto Rico to cancel plum power restoration contract

San Juan - Puerto Rico is scrapping a deal with a tiny American firm that fell under intense scrutiny after it nabbed a lucrative contract to restore electricity to the storm-ravaged island, the head of its power authority said Sunday.

Norway solar firm signs 2.5 bn-euro deal with Iran

Tehran - Just days after US President Donald Trump called for further isolation of Iran, a Norwegian solar company signed a deal Tuesday to invest 2.5 billion euros in the country over the next five years.

Poland drops talks in 3 bn euro Airbus chopper deal: ministry

Varsovia - Poland's rightwing government on Tuesday quit talks with Airbus on an offset deal linked to a multi-billion euro contract for 50 military helicopters, a government statement said.

Taylor Swift gives $250K to Kesha after court ruling

Taylor Swift is providing fellow pop star Kesha with a financial shoulder to lean on, having donated $250,000 as a "show of support" in her legal battle with Dr. Luke, whom the singer alleged sexually assaulted her.

Britain withdraws bid for Saudi penal system contract

London - Britain said Tuesday it had abandoned a bid to provide training in Saudi Arabia's penal system, as it raised concerns with Riyadh over a 74-year-old Briton facing a flogging.

Unused mobile phones are wasting £100 million of gold says report

A study has found that over £100 million worth of gold is being wasted inside unused or broken mobile phones in the UK alone. It suggests that mobile operators should be doing much more to encourage the recycling of old devices.

Poland picks U.S. for missiles purchase talks

Varsovia - Poland announced Tuesday that it will hold exclusive talks with the U.S. government on a 5 billion euro ($5.4 billion) air defence missile contract at the centre of military upgrades in response to tensions with neighbouring Russia.

Google's wireless service 'Project Fi' revealed in leaked app

Google's plans to create a subscription-based wireless mobile service controlled entirely through an app have been fully revealed in the best possible way - a leaked version of the under-development app called Tycho.

Monaco heiress's son-in-law behind her murder: French prosecutor

Marseille - The son-in-law of a Monaco real estate heiress who was shot dead in a Mafia-style killing paid hitmen to murder her, a French prosecutor said Friday.

'Friends' star Kudrow seeks new trial after ex-manager wins suit

Santa Monica - Actress Lisa Kudrow, a former star of the long-running US television show "Friends," wants a new trial after losing a $1.6 million breach-of-contract lawsuit to her ex-manager.

Angolan $3.5 bn oil contract goes to Technip, Heerema

Paris - The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

San Francisco streets jammed as transit worker protest continues

San Francisco - A worker sickout delayed San Francisco's morning and evening commutes for a second day Tuesday as thousands of transit employees stayed home to protest a controversial contract provision.

Mass sickout by transit workers cripples San Francisco commute

San Francisco - San Francisco's legions of downtown office workers faced a grindingly slow commute Monday after two-thirds of the city's transit operators called in sick in an apparent contract protest.

Venezuela's Maduro promises importers overdue hard currency

Caracas - Venezuelan President Nicolas Maduro promised to pay back billions of dollars in government debt to disgruntled importers, after widespread shortages of basic goods helped fuel months of deadly anti-government protests.

Angolan $3.5 bn oil contract goes to Technip, Heerema

Paris - The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

Areva says in line to build British nuclear waste plant

Paris - French nuclear power group Areva said on Tuesday it was part of a consortium retained for a major contract in Britain to handle radioactive metallic waste.

Total goes ahead with ultra-deep Angolan oil field

Paris - French oil group Total has found ways of reducing the cost of extracting ultra-deep Angolan offshore oil reserves by a fifth and has decided to go ahead with investment in the Kaombo project, the firm said on Monday.

GDF Suez reveals deal taking US liquefied gas to Taiwan

Paris - French gas group GDF Suez revealed on Friday a giant deal, the first of its kind, to ship liquefied natural gas from the United States to supply Taiwan.

Airbus wins Saudi contract for four A320 jets

Paris - European aerospace giant Airbus said Monday it had won an order worth some $375 million from a new Saudi Arabian airline for four A320 jets.The planes will be delivered at the beginning of next year, Airbus said.SaudiGulf is expected to start flights i...

Brazil to build own aircraft carrier: defense minister

Bras - Brazil is planning to build its first aircraft carrier to replace its aging only model as part of a steady upgrade to its armed forces, Defense Minister Celso Amorim said Tuesday.In recent years Brazil has purchased submarines, helicopters and superson...

India orders bribery probe into Rolls-Royce deal

New Delhi - India's defence ministry has ordered an investigation into the purchase of jet fighter engines from Britain's Rolls-Royce in a deal reportedly worth $1.6 billion, an official said Monday.

Britain agrees Eurofighter price deal with Saudi

London - Britain has reached agreement over the rising cost of providing Saudi Arabia with Typhoon Eurofighter jets, British defence company BAE Systems said on Wednesday.BAE, working in close co-operation with the British government, signed a £4.5-billion dea...

Britain reaches Eurofighter price deal with Saudi: BAE

London - Britain has reached an agreement over the rising cost of providing Saudi Arabia with Typhoon Eurofighter jets, British defence company BAE Systems said on Wednesday.BAE, working in close co-operation with the British government, signed a £4.5-billion ...

Panama Canal upgrade remains at standstill amid $1.6 bn cash gap

Panama City - Work on expanding the Panama Canal is unlikely to resume Saturday as local officials face negotiations with foreign builders after the project was halted in a dispute over cost overruns.

Bombardier lands major train contract in Australia

Montreal - Canadian engineering giant Bombardier said it is leading a consortium that has secured a $4.1 billion contract to supply trains and maintenance services to Queensland in Australia.

Eurofighter in lead to sell 28 planes to Kuwait

Paris - The European Eurofighter consortium has signed a draft agreement to sell 28 of its fighter planes to Kuwait, online French newspaper La Tribune reported on Thursday.

Unborn babies can contract depression from their mothers

Unborn babies can contract depression from their mothers while they are still in their wombs, according to new research.
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