Business & Finance News
Transport Canada said on Tuesday it would send a team to assist the U.S. Federal Aviation Administration in evaluating proposed design changes to update the software on Boeing’s now grounded 737 MAX jet.
General Motors said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants located in the state of Sao Paulo.
Stock markets across the world rose on Tuesday for a seventh session, the longest winning streak of the year, while sterling wobbled against the U.S. dollar on expectations European Union officials would allow Britain a delay on Brexit negotiations.
The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome.
The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies until it has received sufficient guarantees from the U.S. planemaker, the head of the bloc’s aviation safety agency said.
New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.
Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines’ quest to become Africa’s dominant carrier, despite a March 10 crash that killed 157 people.
A crisis at India’s Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.
U.S. stocks rose on Tuesday with technology and financial shares leading gains, as investors expected a more accommodative policy stance at the end of the Federal Reserve’s two-day meeting this week.
New orders for U.S.-made goods rose less than expected in January, held back by decreases in orders for computers and electronic products, in another indication of slowing manufacturing activity.
Norsk Hydro, one of the world’s largest producers of aluminum, battled on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher.
Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch’s media business after the $71 billion sale of Twenty-First Century Fox Inc’s film and television assets to Walt Disney Co.
Fox Corp on Tuesday appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board.
World shares basked in their longest winning streak of the year ahead of a Federal Reserve meeting on Tuesday, while the pound kept calm after another dramatic twist in the Brexit plot bolstered bets on a lengthy delay to the process.
Aluminum producer Norsk Hydro has been exposed to a LockerGoga ransomware attack, a spokesman for the Norwegian National Security Authority, in charge of cyber security, told Reuters on Tuesday.
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