Conflicting signals over Royal Air Maroc 737 MAX plans
Moroccan national airline Royal Air Maroc (RAM) faced uncertainty over its plans for Boeing’s 737 MAX as a senior industry source close to the matter denied that a deal for more jets had been suspended.
Oil rises on hopes for deeper OPEC output cuts, U.S.-China trade talks
Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the United States and China to end their trade war.
GM, UAW clash over how to reach deal to end lengthy strike
General Motors and the United Auto Workers (UAW) union clashed late Thursday over how to end a 25-day strike that has cost the company over $1 billion, according to letters seen by Reuters.
Air New Zealand entices Walmart U.S. boss Foran home to lead airline
Air New Zealand Ltd named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.
Trump to meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT Friday
President Donald Trump will meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT on Friday as the world’s two biggest economies try to reach a trade agreement, the White House said.
California governor calls widespread electricity shutdown to prevent fires ‘unacceptable’
California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable,” saying on Thursday it resulted from years of mismanagement by the utility.
Japan’s Seven & I shares surge on plan to cut 3,000 jobs, shut stores
Shares of Japan’s Seven & I Holdings Co rose nearly 6% on Friday after the retail group said it will shut or relocate nearly 1,000 7-Eleven convenience stores and cut about 3,000 jobs as part of a group-wide restructuring.
GM urges UAW to agree to ‘around-the-clock’ bargaining
General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters.
SAP’s McDermott steps down after decade as chief salesman and dealmaker
Bill McDermott stood down on Friday after a decade building up SAP as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
Asian shares firm as ‘very good’ trade talks boost risk appetite
Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal.
