ISLAMABAD (Mudassir Ali Rana) – The Federal Board of Revenue (FBR) has announced the launch of the country’s largest and most advanced tax audit program, aiming to review over 7 million income tax returns this…
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Carlos Alcaraz rallies to defeat Taylor Fritz at ATP Finals in Turin | Tennis News
Spaniard’s victory moves him to within one win of beating out Jannik Sinner for yearend number one ranking.
Published On 12 Nov 2025
World number one Carlos Alcaraz came under extreme…
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Blackpool’s private children’s care costs unsustainable
A council is considering how best to house children in care as its private residential care costs are an “unsustainable” £21m a year.
Blackpool Council has carried out a scrutiny review, looking into several options including developing an…
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Rising star mathematician Wu Meng returns to China from Finland
In the 1960s, the world-renowned mathematician Hillel Furstenberg proposed a conjecture: that a number cannot appear “simple and highly regular” under two “independent” rulers simultaneously.
Put simply, if a number is written in a binary…
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Pakistan’s Pace Spearhead Keen to Prove Himself in Test Format
Pakistan cricket team’s need for an express pacer in Test cricket could be coming to an end, after star fast bowler Haris Rauf revealed his ambitions to represent Pakistan in all three formats of the game.
Speaking to media…
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Australia suffers Ashes scare with Josh Hazlewood and Sean Abbott having scans on hamstrings
Josh Hazlewood has reportedly indicated his hamstring scare is not serious after Australia suffered a double injury concern just nine days out from the first Ashes Test.
Hazlewood and Abbott were both spotted leaving the ground on day three of the…
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SPIE signs an agreement to acquire PIK AG, strengthening expertise in audiovisual systems in Germany
Headquartered in Berlin, PIK employs around 170 people and primarily operates in northern and eastern Germany. The company specialises in the integration, and maintenance of complex audiovisual systems, particularly for conference rooms, lecture halls and concert halls. Its comprehensive service portfolio includes the full integration of audiovisual and lighting technologies — from planning and project management to installation, commissioning, service, and maintenance. PIK works with clients from various industries, including critical infrastructure.
In the 2024 financial year, PIK generated revenue of around €42 million. The company has achieved steady organic growth and maintains a solid customer base.
Niklas Niehuus, who took over PIK in 2018 as part of a succession process and has successfully expanded the company since then, is pleased about this next step: “I am proud of what we have accomplished in recent years and deeply grateful for the outstanding commitment of the entire team. Now is the right time for the next phase of development. I am confident that SPIE is the right choice for PIK’s future.”
The experienced management team Christoph Wegner (CEO), Christian Hieckel (CFO), Daniel Gallin (CSO), and André Rechenberg (CTO) will continue to lead the company’s future development: “We are looking forward to the future as part of SPIE and are confident that we will make a strong contribution with our experience and enthusiasm for audiovisual systems. Together with the entire team, we want to further develop the business and systematically expand the strong position we have built up over the past few years and continue to gain strength.”
Marcus Hänsel, Member of the Management Board of SPIE Germany Switzerland Austria and General Manager of the Operational Division Information & Communications Services (ICS): “Welcome to SPIE! With a strong presence in this exciting market environment, high technical expertise, and a broad customer portfolio, we are deliberately strengthening our position in the field of audiovisual systems and related service models. We look forward to shaping the future together with the entire PIK team and driving the company’s successful development alongside the experienced management team.”
Markus Holzke, Managing Director/CEO of SPIE Germany Switzerland Austria: “With PIK, we are gaining a strong team with a high level of technical expertise. The existing project pipeline is well filled, and demand in critical and digitally driven infrastructure areas continues to grow — a good basis for long-term, profitable growth. We look forward to our future together!”
SPIE acquires 89% of the shares in PIK AG, while 11% of the shares are held by the previous owner and the management team. The agreement includes put and call mechanisms related to these 11%. The transaction is expected to be finalised in December and is subject only to approval by the antitrust authorities.
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Gulfstream says US business jet demand strong but China slow due to trade tensions
Item 1 of 2 People stand near a Gulfstream Aerospace logo at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier
[1/2]People stand near a Gulfstream Aerospace logo at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier Purchase Licensing RightsNov 12 (Reuters) – U.S. trade tensions have slowed opportunities for business jet deals in China, the president of corporate planemaker Gulfstream Aerospace said, in a rare case of demand softening in an otherwise upbeat global market for private aircraft.
U.S.-based Gulfstream Aerospace, a division of General Dynamics (GD.N), is set to grow output of its private jets through 2029, underpinned by strong U.S. demand and new aircraft models coming to market, President Mark Burns said.Sign up here.
The U.S. is the world’s largest market for business jets.
Burns said he sees broader global strength, but U.S. trade tensions with Beijing have “definitely slowed a number of opportunities” in China, where the U.S. planemaker has about 150 aircraft flying.
“It’s a good market for us,” Burns said. “But you know, obviously the trade tensions do create some slowdown in that marketplace. So I’m hopeful that there’s something that gets done in the near future.”
China and the United States have taken steps to ease tensions in recent days following a meeting between U.S. President Donald Trump and Chinese President Xi Jinping.Business jet makers are seeing swelling order books after demand for private flying grew by high-net-worth individuals during and after the COVID-19 pandemic. In the U.S., affluent consumers remain resilient, even as lower-income customers scale back purchases.Gulfstream is also seeing higher demand from Fortune 500 corporate customers, following quarters of strong results, Burns said. As of November 7, more than 82% of 446 S&P companies beat third-quarter earnings expectations, compared with a long-term average of 67.2%, according to LSEG data.
Burns said Gulfstream could expect to grow its share of the expanding private aviation market with the certification and entry into service of the company’s recently announced super-mid-sized G300 jets, which fly up to 10 passengers and would compete with Bombardier’s (BBDb.TO) Challenger 3500 jets. Gulfstream has not disclosed a date for certification and entry into service.Burns said Gulfstream expected to grow plane production through 2029, following long-term company plans, assuming demand remains robust and its supply chain has capacity.
“Our plans are to continue to grow,” he said. “The supply chain right now is supporting that ability to grow.”
Reporting by Allison Lampert in Montreal; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles.
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Cilla Black’s designer wardrobe to be auctioned for kids’ charity
CB Prime LTDCilla Black’s family decided to donate her clothes to mark the 10th anniversary of the singer and tv presenter’s death Designer clothes worn by Cilla Black during her long showbusiness career will be auctioned for charity later this…
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Chertsey hospital given nearly £3m to improve heart operations
It is hoped an investment of nearly £3m in a Surrey hospital will help it to carry out complex heart operations more quickly and safely.
Runnymede Borough Council will spend £2.9m upgrading the cardiac catheter lab at St Peter’s Hospital in…
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