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State Owned Companies

All articles tagged with #state owned companies

"Chinese Companies Enforce iPhone Ban, Apple Shares Plummet"
technology2 years ago

"Chinese Companies Enforce iPhone Ban, Apple Shares Plummet"

Chinese state companies and government departments in eight provinces have instructed their employees not to bring iPhones and other foreign devices to work, as part of Beijing's efforts to reduce reliance on technologies developed by other countries. The move is seen as an attempt to support domestic brands like Huawei. China has been promoting the use of local software and domestic semiconductor chip manufacturing in state-affiliated firms, while both the US and China consider each other's tech companies as potential security risks.

business2 years ago

"Mexico's Army-Run Airline Set for September Launch with Civilian Flight Attendants"

Mexico's army-run airline, Mexicana, is set to launch in September 2023, but unlike other army-operated sectors, the flight attendants will not be soldiers. The airline will lease 10 Boeing 737-800 jets from the manufacturer, which will also provide pilots and cabin crew. Mexicana aims to offer flights between Mexico City and various Mexican cities, as well as tourist destinations like Cancun. Ticket prices are expected to be 18% to 20% lower than private competitors, but profitability remains uncertain, potentially requiring government subsidies. The new airline combines President López Obrador's preference for state-owned companies and his reliance on the armed forces. Mexicana may also support the president's Maya Train tourism project by providing feeder flights.

Mexico's Army-Run Airline Set for September Launch with Non-Military Flight Attendants
business2 years ago

Mexico's Army-Run Airline Set for September Launch with Non-Military Flight Attendants

Mexico's army-run airline, Mexicana, is set to launch in September, but unlike other sectors under the army's command, the flight attendants will not be soldiers. The airline will lease 10 Boeing 737-800 jets and hire pilots and cabin crew from the manufacturer. Mexicana plans to operate 20 potential routes between Mexico City and various Mexican cities, as well as tourist resorts. Ticket prices are expected to be 18% to 20% lower than private competitors, but profitability remains uncertain. The new airline combines President López Obrador's support for state-owned companies and his reliance on the armed forces. Mexicana may also support the president's Maya Train tourism project.

Ukraine's Failed Weapon Procurement: Bought but Undelivered or Unusable.
international-affairs2 years ago

Ukraine's Failed Weapon Procurement: Bought but Undelivered or Unusable.

Ukraine has paid over $800 million to arms suppliers for contracts that have gone unfulfilled or only partially fulfilled since the Russian invasion in February 2022. Western allies have sent Ukraine tens of billions of dollars worth of weapons, but some of the equipment has been too decrepit to use and needed extensive overhauls. As much as 30% of Ukraine's arsenal is under repair at any given time, which is a high rate for a military that needs every weapon it can get for its developing counteroffensive.