newszine

Boeing expresses regret over ex-pilot’s messages on 737 MAX software

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SEATTLE/WASHINGTON (Reuters) – Boeing Co (BA.N) said on Sunday that it regrets and understands concerns raised by the release of a former Boeing test pilot’s internal instant messages noting erratic software behavior two years before deadly crashes of its 737 MAX jet. The Boeing logo is pictured at the Latin American Business Aviation Conference & Read More

Long-haul, fuel efficient jets underpin demand at Las Vegas air show

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LAS VEGAS (Reuters) – New large corporate planes that can fly farther and an industry push toward sustainable aviation fuels are seen as bright spots as the world’s biggest business jet makers assemble in Las Vegas to showcase their offerings at the sector’s largest gathering. FILE PHOTO: Bombardier employee Francis Masse polishes the sign of Read More

China’s Xiaomi says plans to launch more than 10 5G phones next year

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Xiaomi founder and CEO Lei Jun attends a launch ceremony of the new flagship phone Xiaomi Mi 9 in Beijing, China February 20, 2019. REUTERS/Jason Lee WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Read More

Qantas tests world’s longest commercial flight from New York to Sydney

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MELBOURNE (Reuters) – Australia’s flag carrier Qantas (QAN.AX) completed on Sunday a nonstop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers. FILE PHOTO: Workers are seen near Qantas Airways, Australia’s national carrier, Boeing 737-800 aircraft on the Read More

Boeing board to meet in Texas as scrutiny intensifies: sources

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(Reuters) – Boeing Co’s (BA.N) board of directors and top executives from its airplanes division and supply chain were due to meet on Sunday in San Antonio, Texas, two days after the U.S. planemaker was plunged into a fresh crisis over its banned 737 MAX jet. FILE PHOTO: The Boeing logo is displayed on a Read More

China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy

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WASHINGTON (Reuters) – China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level. People’s Bank of China Governor Yi Gang, Federal Reserve Chairman Jerome Powell and Nigeria’s Finance Minister Read More

China’s indebted HNA group names chairman’s son as president: Caixin

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A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s indebted HNA Group has appointed its chairman’s son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday. Chen Xiaofeng, Read More

SoftBank seeks to avoid WeWork’s liabilities with new investment: sources

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NEW YORK (Reuters) – SoftBank Group Corp (9984.T) is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter. FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Read More

Fallout from Trump’s trade wars felt by economies around the world

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WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. FILE PHOTO: Newly manufactured cars of the automobile maker Honda await export at port in Yokohama, south of Tokyo June 23, 2015. REUTERS/Toru Hanai/File Photo Central bank governors and Read More

GM temporarily halts Chevy Blazer production because of parts shortage

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FILE PHOTO: General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers (UAW) national strike in Bowling Green, Kentucky, U.S., October 10, 2019. REUTERS/Bryan Woolston/File Photo WASHINGTON (Reuters) – General Motors Co (GM.N) on Friday said it temporarily halted production of its Chevy Blazer SUV in Mexico because Read More