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Iran Air to receive 5 ATR planes before US sanctions

Iran Air said Saturday it was set to take delivery of five new planes from Franco-Italian firm ATR just before renewed U.S. sanctions go into effect. "Based on existing agreements, five new ATR aircraft will land at Mehrabad Airport at 9 a.m. (0430 GMT) tomorrow (Sunday)," the national...

Spending on future tech eats into BMW quarterly profit

Net profit at BMW fell 6 percent in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Thursday. Profit came in at 2.08 billion euros ($2.42 billion), down from 2.22 billion in the...