Airbus makes first plane in China

Airbus has officially delivered its first Chinese-made plane.

The aircraft, one of the firm's A320 mid-range models, was unveiled at a ceremony at the firm's factory outside the northern Chinese city of Tianjin.

The plane has been delivered to leasing firm Dragon Aviation, and will be used by Chinese carrier Sichuan Airlines.

BBC Beijing correspondent Quentin Sommerville said Airbus hopes its Chinese factory will give it a big advantage over US rival Boeing.

While Boeing makes components in China, Airbus is the first of the world's big-two aircraft-makers to have a full production facility in the country, as it aims to meet fast-growing Chinese demand for commercial aircraft.

Intel and Nokia band together

The world's largest chip maker has teamed up with the world's largest mobile phone maker to create what they say will be a "new exciting industry".

Intel and Nokia said their "technology collaboration" would deliver new mobile computing products - beyond existing smartphones, netbooks and notebooks.

But both companies added it was still too early to talk about product plans.

The deal gives Intel its first real breakthrough in the multi-billion dollar mobile-phone market.

"This collaboration will drive exciting new revenue opportunities for both companies and shape the next era of mobile computing," said Anand Chandrasekher, Intel's senior vice president of its ultra-mobility group.

Nokia's executive vice president for devices, Kai Oistamo said: "It will be compelling not only for our companies, but also for our industries, our partners and, of course, for customers."

India attracts USD 2.34 bn FDI in first month of 2009-10

India attracted USD 2.34 billion of foreign investments in April, a rise of 19.3 percent over the previous month, signalling confidence in the country's economy by foreign investors amid the global financial crisis.

However, as compared to April last year, foreign direct investment (FDI) in the first month of the fiscal 2009-10, was much lower.

"In April 2009, foreign inflows were USD 2.34 billion, about 19 per cent higher than March," an official told a news agency.

The inflows in April and March last fiscal were USD 3.74 billion and USD 1.96 billion, respectively.

Thanks to robust trends in the first six months of the last fiscal, total FDI in 2008-09 was USD 27.30 billion, against USD 24.5 billion in 2007-08.

Rating agency CRISIL Principal Economist D K Joshi said the current year would be difficult in the wake of the global economic downturn.

"Given the poor global economic scenario, the figures are not too discouraging but the year 2009-10 will be more challenging," Joshi said.

India had scaled down the FDI target by USD five billion from USD 35 billion last fiscal. Cumulative FDI from April 2000 to March 2009 stands close to about USD 90 billion.