Business & Finance News
Airlines that have been forced to rejig operations due to the grounding of the 737 MAX could face a markedly different problem when Boeing Co’s best-selling jet is finally cleared to re-enter service: a gradual switch to concerns about oversupply, a leading analyst warned on Monday.
U.S. government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, an independent government-commissioned panel said in an interim report on Monday.
Wall Street’s three main indexes hit record highs on Monday, lifted by gains in energy and technology stocks on hopes of a U.S.-China trade deal and an improving domestic economy.
McDonald’s Corp said on Monday former Chief Executive Officer Steve Easterbrook was eligible for six months of severance pay, as part of his termination agreement with the company.
Oil prices rose more than 1% on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
Strong sales of Ferrari’s Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth.
Lion Air is targeting a flotation of up to $1 billion in the first quarter of 2020, several sources close to the matter said, as the Indonesian airline resumes growth after a year dominated by the fatal crash of one of its Boeing 737 MAX jets.
Boeing’s grounded 737 MAX airliner is likely to return to service in Europe during the first quarter of 2020, the head of the European Union Aviation Safety Agency (EASA) said on Monday.
Federal Reserve Chair Jerome Powell will testify on the economy before Congress on November 13, the congressional Joint Economic Committee said on Monday.
Gains in technology and energy shares pushed Wall Street’s three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite.
The dollar strengthened and global stock markets rallied on Monday on signs the United States and China could soon end a damaging trade war as well as indications the world may yet dodge an economic recession.
Oil prices rose $1 a barrel on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
Latvia’s central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor.
Chinese telecoms equipment maker Huawei will maintain robust business growth in the absence of U.S. supply and does not rely on any U.S. technology and components for 5G, board director William Xu said on Monday.
ArcelorMittal said on Monday it was withdrawing from a deal to buy Italy’s struggling steel firm Ilva after the government removed previously agreed guarantees of legal immunity over its operations.
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