Oil dips as surplus forecast overshadows Libya disruption
Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya’s crude output.
Factbox: Boeing’s changing schedule for 737 MAX fix, return to service
Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny on its flight control system.
Trump threatens big tariffs on car imports from EU if no trade deal struck: CNBC
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal.
Latest 737 MAX delay prompts big buyer flydubai to consider leasing options
Airline flydubai, a major Boeing 737 MAX customer, is considering leasing additional aircraft following the latest setback to the grounded jet’s return to service.
Renault chairman hopes decision on new CEO is made ‘in coming days’
Renault Chairman Jean-Dominique Senard said Wednesday he hoped the decision on the French carmaker’s new CEO would be made in “the coming days”.
Swiss franc falls as central bank intervention talk outweighs virus worries
The Swiss franc fell on Wednesday on signs the central bank may be intervening to stop it rising further, outweighing the impact of concerns about the spread of a new coronavirus that have driven investors into safe-haven assets this week.
Google CEO eyes major opportunity in healthcare, says will protect privacy
Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary, said on Wednesday that healthcare offers the biggest potential over the next five to 10 years for using artificial intelligence to improve outcomes, and vowed that the technology giant w…
Explainer: As Britain decides, Europe grapples with Huawei conundrum
Britain’s impending decision on whether to allow Huawei [HWT.UL] to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology.
Canadian prosecutor set to defend U.S. request to extradite Huawei CFO Meng
Canadian prosecutors are expected to defend on Wednesday their case to extradite Huawei Chief Financial Officer Meng Wanzhou to the United States saying Meng was arrested on charges of bank fraud, which is a crime in both countries, and not because of …
Jaguar Land Rover to cut 10% of workforce at UK Halewood factory
British carmaker Jaguar Land Rover (JLR) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at the site.
