Airbus revises up jet demand, warns of ‘lose-lose’ tariff war
Airbus warned of the risks of a ‘lose-lose’ transatlantic tariff war on Wednesday as it raised forecasts for jetliner demand over the next 20 years, led by the new industrial hubs of Asia.
Facebook unveils new Portal video chat, TV streaming devices
Facebook Inc unveiled new models of its Portal video chatting devices on Wednesday, making the company’s first foray into TV streaming hardware but offering a limited selection of subscription services.
Oil prices slip on Saudi pledge, financial markets look to Fed
Oil prices cooled on Wednesday as Saudi Arabia’s pledge to quickly restore production eased supply worries, while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
ECB weighs investigating Deutsche Bank over alleged unauthorized bond purchases: sources
The European Central Bank is examining whether to open a formal investigation into Deutsche Bank for allegedly buying some of its own securities without authorization, two people familiar with the matter said on Wednesday.
Apple spars with EU as $14 billion Irish tax dispute drags on
Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker’s appeal against a $14 billion tax order, in a dispute that is key to the EU’s drive to collect more taxes but which could also run for years.
Futures on back foot before Fed policy decision
U.S. stock index futures dipped on Wednesday as investors waited for the Federal Reserve’s decision on interest rates in what has been a rocky week for global markets.
Garments for lease: ‘rental’ apparel brings new wrinkles for retail stores
Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them.
Lone 737 MAX criss-crossed Canada for pilot checks during grounding
While the world’s Boeing 737 MAX fleet remains grounded after two fatal crashes, a solitary Air Canada plane has been spotted in the skies, shuttling between Quebec and Ontario.
Airbus revises up jet demand, trims traffic growth
Airbus on Wednesday revised up forecasts for jetliner demand in the next 20 years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism.
Britain to investigate $5 billion U.S. takeover of defense firm Cobham
Britain will investigate the national security impact of the purchase of defense company Cobham by U.S. private equity firm Advent International, potentially delaying or even blocking the $5 billion deal.
