Europe says assessing 737 MAX software, downplays talk of split
The European Union Aviation Safety Agency (EASA) said on Tuesday it was still assessing proposed changes to Boeing software for the grounded 737 MAX and had yet not found anything that would undermine hopes for a coordinated return to service.
GM strike impacts 150,000 auto industry workers: consulting firm
The prolonged strike at General Motors Co is estimated to have hit 150,000 workers in the auto industry, a report from research and consulting firm Anderson Economic Group (AEG) showed on Tuesday.
Stocks fall on trade angst; Brexit battle hurts pound
Oil prices and stocks across major markets fell on Tuesday as tensions rose between China and the United States ahead of high-level trade talks, while the British pound sank on reports that Brexit negotiations were close to breaking down.
Rising U.S.-China tensions dim hopes for end to trade war
Beijing sharply rebuked Washington on Tuesday for adding some top Chinese artificial intelligence startups to its trade blacklist, dimming hopes for progress in high-level talks aimed at ending a 15-month trade war between the two economic giants.
Vodafone to close more than 1,000 European stores
Vodafone will shut 15% of its 7,700 stores in Europe and upgrade some of the remaining outlets as customers buy more online and change their expectations of in-store shopping, chief executive Nick Read said on Tuesday.
Oil eases on concerns over U.S.-China talks, weak demand signals
Oil prices slid on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, although unrest in Iraq and Ecuador lent some support to crude prices.
Netflix to make movies in Italy with Berlusconi’s Mediaset
U.S. streaming service Netflix has struck a deal with Italy’s top commercial broadcaster Mediaset to produce films in the country, the two companies said on Tuesday, as they try to grab new viewers in a competitive market.
Wall Street drops as tensions climb ahead of trade talks
U.S. stocks fell on Tuesday as hopes of progress in high-level trade talks were dashed by a report Washington was moving ahead with efforts to limit capital flows to China and the inclusion of some top Chinese startups to a blacklist.
Cracks in Purdue’s proposed opioid settlement as Arizona backs out
The U.S. state of Arizona withdrew its support for a proposed nationwide opioid settlement with Purdue Pharma LP, saying the maker of OxyContin sought to “undermine material terms of the deal,” according to a court filing on Monday.
Domino’s cuts cost outlook after third-party delivery hit
Domino’s Pizza surprised investors by resetting its long-term growth goals on Tuesday and said it would cut costs and investment this year as it battles the growing popularity of third-party delivery services and small pizzerias.
