Business & Finance News
European aerospace group Airbus said on Saturday it deeply regretted the U.S. decision to increase tariffs on aircraft imported from the European Union and said it would hurt U.S. airlines and their customers.
The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.
The U.S. government on Friday raised tariffs on aircraft imported from the European Union, ratcheting up pressure on the EU to resolve an epic 16-year-old dispute over support for airplane makers, and raising the stakes in broader talks to reach a U.S.-EU trade deal.
The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.
The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union, Airbus said.
International Business Machines Corp on Friday said it had canceled its participation in the RSA cyber security conference due to coronavirus-related concerns.
The U.S. Court of International Trade has issued a temporary order under which U.S. customs agents cannot collect duties from a U.S. company under President Donald Trump’s recently-announced expansion of steel and aluminum tariffs.
Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co , investing in the largest U.S. supermarket chain as smaller rivals struggle.
The U.S. Trade Representative’s office said on Friday it has established a dispute resolution office and complaint hotline to enforce President Donald Trump’s “Phase 1” trade deal with China, which takes effect on Saturday.
Boeing Co told the U.S. Federal Aviation Administration it does not believe it needs to separate wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit and cause catastrophic consequences, people familiar with the matter said on Friday.
Global stock markets rose slightly on Friday as investors bet on a lull in proliferation of the coronavirus, while oil prices registered their first weekly gain since early January.
Boeing Co has provided preliminary recommendations to the U.S. FAA to address concerns over wiring bundles on its grounded 737 MAX jetliner, people familiar with the matter said on Friday.
American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April.
Citigroup Inc kept its Chief Executive Officer Michael Corbat’s 2019 compensation unchanged at $24 million, according to a regulatory filing on Friday.
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks.
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