Business & Finance News
Indian cigarette manufacturer Godfrey Phillips on Monday said it was in compliance with the country’s foreign direct investment (FDI) rules, following a Reuters article that alleged it circumvented the laws.
The black box recovered from the Ethiopian Airlines plane that crashed on Sunday is the cockpit voice recorder, Ethiopian state TV said on Monday.
Indonesia will temporarily ground Boeing 737 MAX 8 aircraft operating in the country for inspection, the director general of aviation said on Monday, in the wake of the deadly crash of one of the planes in Ethiopia.
The black box from the Ethiopian Airlines flight that crashed on Sunday has been recovered by investigators at the crash site, Ethiopian state TV said on Monday.
Shares of Boeing Co slid almost 10 percent in early trading on Monday after some airlines grounded the world’s biggest planemaker’s new 737 MAX 8 passenger jet following the second deadly crash in just five months.
Willis Towers Watson is the insurance broker for Ethiopian Airlines and Chubb is the lead underwriter, a Willis Towers Watson spokeswoman said on Monday.
Attorneys for ousted Nissan chairman Carlos Ghosn may appeal a court decision to block him from attending a board meeting this week, his lead lawyer said on Monday, adding that Nissan had strongly opposed his attendance.
Shares of Boeing Co slid 9 percent in early trading on Monday as many airlines grounded the planemaker’s best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.
The heads of Renault SA, Nissan Motor Co and Mitsubishi Motors Corp will hold a joint news conference at Nissan’s headquarters in Yokohama on Tuesday, Nissan said.
China’s aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, after a deadly crash of one of the planes in Ethiopia.
A Tokyo court rejected ousted Nissan boss Carlos Ghosn’s request to attend a board meeting this week, broadcaster NHK reported, denying him a seat at the table even as the car maker looks set to bolster an alliance he built over two decades.
French carmaker Renault said on Monday that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance body for the three companies.
Boeing said on Monday the investigation into the Ethiopian Airlines crash is in its early stages and there is no need to issue new guidance to operators of its 737 MAX 8 aircraft based on the information it has so far.
Norwegian Air’s fleet of Boeing 737 MAX 8 passenger jets continues to fly as normal, a company spokeswoman said on Monday, following the crash the previous day of a similar aircraft operated by Ethiopian Air.
Shares in French aerospace group Safran fell on Monday, which traders attributed to fallout from Sunday’s crash of an Ethiopian Airlines 737 MAX 8 plane.
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