Afternoon Coffee: Iranian Oil Exports Increase, Qatar Airways Faces Plane Supplier Delays

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Iranian oil exports are increasing much quicker than analysts expected after sanctions were lifted in January. More than 25 foreign supertankers are now shipping oil from Iran, Reuters reported.

Qatar Airways canceled its order for Airbus Group’s A320neo jetliner due to months-long delivery delays. Qatar Airways is “screaming” over the supplier delays, which are having a major impact on the company’s bottom line, according to Chief Executive Akbar Al Baker.

Microsoft said it won’t be building a driverless car, but it does want to provide technology for autonomous vehicles. Peggy Johnson, Microsoft’s head of business development, reportedly said Microsoft’s voice-activated personal assistant Cortana or its Azure cloud network may be suitable technology to include in driverless cars.

Wal-Mart is partnering with Uber and Lyft to deliver groceries to customers. Wal-Mart is charging $7-$10 for delivery and will begin testing the new service in Denver and Phoenix.

 

 

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