• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Germany will approve a €12 billion defense contract.Qatari Cabinet: We demand that Iran cease these dangerous practices and reserve the right to take appropriate action to protect its own interests.July 8th - Equita Sim analyst Paola Carboni stated that Gucci should benefit from LOréals early acquisition of its beauty product licenses. Kering Group announced that, following an agreement with existing licensor Coty, it will transfer the licenses to sell Gucci-branded beauty products to LOréal a year ahead of schedule. Carboni stated that the faster transition should allow Gucci to benefit from LOréals expertise and scale, pointing to the French beauty companys marketing firepower and global distribution network. "A positive impact on Guccis brand visibility and appeal is expected in the medium term."The MBA 30-year fixed mortgage rate in the United States was 6.58% for the week ending July 3, compared with 6.57% previously.On July 8, the Monetary Policy Committee of the Peoples Bank of China held its second quarterly meeting of 2026. The meeting emphasized the need to be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, and the National Peoples Congress and the Chinese Peoples Political Consultative Conference, and follow the decisions and deployments of the CPC Central Committee and the State Council. It stressed the importance of firmly grasping the primary task of high-quality development, solidly advancing Chinese-style modernization, fully and accurately implementing the new development philosophy, and accelerating the construction of a new development pattern. The meeting also emphasized the need to coordinate the relationship between aggregate supply and aggregate demand, focusing on expanding domestic demand and optimizing supply, improving incremental growth and revitalizing existing assets, enhancing the endogenous driving force of economic development, further strengthening the domestic economic cycle, optimizing the domestic and international dual circulation, and continuously consolidating and expanding the positive momentum of steady economic growth.

This year, Rolls-Royce will begin testing the UltraFan prototype

Aria Thomas

Jul 18, 2022 10:48

3.png


This year, Rolls-Royce (OTC:RYCEY) will begin testing a prototype of its UltraFan engine, the largest turbofan in the world, which is up to 25 percent more efficient than its first-generation Trent engines.


UltraFan chief engineer Andrew Geer told reporters at Rolls' headquarters in Derby, central England, before the beginning of the Farnborough International Airshow on Monday that the demonstrator's fan had a diameter of 370 cm, the maximum size achievable for widebody aircraft.


He remarked that the technology may be scaled down for other applications, such as the return of the British aerospace industry to the market for narrowbody aircraft.


UltraFan will be "frozen" until testing is complete, with no more investment until Boeing (NYSE:BA) or Airbus launch a new aircraft program, UltraFan CEO Warren East told the Financial Times last year.


Geer noted that UltraFan was not a single engine, but rather a platform for several technologies, and that many of its innovations could be implemented into Rolls' existing programs.


It contains carbon titanium fan blades instead of the hollow titanium blades of prior Trents and a 64 megawatt power gearbox, which is a record.


He claimed that the first test flight will also use 100 percent sustainable aviation fuel from Air BP (NYSE:BP), which is derived from vegetable oils rather than fossil fuels.


Chris Cholerton, president of civil aerospace, remarked, "The suite of technologies we are testing aboard the demonstrator will introduce new capabilities for future propulsion systems and provide opportunities to enhance our current fleet."


In addition to improving the performance of gas turbines, Rolls is also exploring hydrogen and hybrid electric technologies to power commuter and regional aircraft.


Beginning in the middle of the 2030s, the company intends to perform rig and engine tests to demonstrate that hydrogen can safely and effectively power small to medium-sized aircraft.


Liquid hydrogen will be utilized to power an AE2100 engine for the first time this year, according to the business, and a test of a Pearl 15 engine will follow at an unspecified date.