Business & Finance News
Germany’s Federal Bureau of Aircraft Accident Investigation (BFU) said on Wednesday it will not analyse the black box from the Ethiopian Airlines passenger jet which crashed soon after taking off from Addis Ababa on Sunday.
President Donald Trump on Wednesday said the United States would ground Boeing Co’s 737 MAX jets, following Europe and other nations that have already stopped the planes flying due to safety concerns, following an Ethiopian Airlines crash on Sunday.
U.S. President Donald Trump said on Wednesday that the United States was going to order the grounding of all Boeing Co 737 MAX 8 and MAX 9 aircraft after a crash in Ethiopia that killed 157 people.
Leaders of a U.S. House of Representatives committee on Wednesday asked the Federal Communications Commission to delay a radio frequency spectrum auction for next-generation 5G wireless communications, which is scheduled for Thursday.
British department store Debenhams on Wednesday rejected what it said were “unfounded and self-serving complaints” from shareholder Sports Direct about its communications to the market before it warned on profit earlier this month.
Excluding China’s Huawei from participating in the construction of Germany’s 5G next-generation mobile network could hurt Europe’s largest economy, Interior Minister Horst Seehofer said on Wednesday.
The letter of the United States’s Ambassador to Germany warning Berlin against using Chinese manufacturer Huawei’s equipment to build a next-generation telephone network has stimulated further discussion, a German government spokeswoman said on Wednesday.
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Department official said on Wednesday.
Canada on Wednesday became the latest nation to ground Boeing 737 MAX aircraft, citing potential safety concerns after an Ethiopian Airlines Boeing MAX crashed on Sunday, killing 157 people.
Canada became the latest country to ground Boeing’s 737 MAX jets on Wednesday following an Ethiopian Airlines crash that killed 157 people, saying satellite data suggested similarities to a previous crash involving the same plane model.
The black boxes from a Boeing 737 MAX 8 plane that crashed in Ethiopia on Sunday, killing 157 people, will be sent to Germany for analysis, an Ethiopian Airlines spokesman said.
Southwest Airlines Co, the world’s largest operator of the Boeing Co 737 MAX 8 with 34 jets, said on Wednesday it is waiving any fare-difference charges for customers who wish to switch to another aircraft.
Purdue Pharma’s Chief Executive Officer Craig Landau said the company is considering bankruptcy, the Washington Post reported on Wednesday, as the OxyContin maker faces a slew of lawsuits alleging the drugmaker contributed to opioid epidemic sweeping the United States.
The leader of the United Auto Workers union on Wednesday warned that job security and preventing the shift of U.S. jobs to Mexico would be top priorities in contract talks with Detroit’s automakers slated for later this year.
Renault has sidelined a senior executive close to Carlos Ghosn, as the French carmaker and its Japanese affiliate Nissan continue to overhaul management in the wake of the financial scandal engulfing their former chairman.
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