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UPDATE 1-Erdogan says he told Trump Turkey will not give up Russian S-400s

President Tayyip Erdogan said on Tuesday he told U.S. President Donald Trump during talks in Washington last week that Turkey would not give up on the Russian S-400 missile defences it procured this year, despite protests from its NATO ally. Ankara and Washington have been at loggerheads over Turkey’s purchase of the S-400s, which Washington says are not compatible with NATO defences and pose a threat to its F-35 stealth fighter jets. …read more […]

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PSA trade unions give the nod to merger with Fiat

The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler , PSA executives and union representatives said. At a PSA works council meeting, all trade union representatives on the council voted to give a favourable opinion on the merger. …read more […]

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U.S. safety board to meet on Southwest engine failure that caused fatal accident

The U.S. National Transportation Safety Board (NTSB) will meet on Tuesday to determine the probable cause of the April 2018 engine failure of Southwest Airlines Co flight 1380 that killed a passenger who was partially sucked out the window. Jennifer Riordan of New Mexico, a 43-year-old Wells Fargo vice president and mother of two, was killed after the engine exploded and shattered a plane window. The accident occurred 20 minutes into the flight when a fan blade failed on a Boeing 737-700 jet powered by two CFM International CFM56-7B engines after taking off from New York’s LaGuardia Airport. …read more […]

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Singapore's Pavilion cancels U.S. LNG cargo loading as market faces oversupply

Singaporean gas importer and marketer Pavilion Energy has taken the unusual step of cancelling the loading of a liquefied natural gas (LNG) cargo from the United States, but has agreed to pay for it, several industry sources told Reuters. The global LNG market is awash with new supply amid slowing demand in key countries such as China and Japan, leaving some traders with cargoes they have bought but are unable to resell. “Pavilion Energy evaluated scheduling and other commercial matters, then took the decision not to lift the cargo in full coordination with the supplier,” a spokeswoman for …read more […]