Nations agree new contract for delayed Airbus A400M: sources
Airbus has reached final agreement with European buyer nations for a revised contract for its delayed A400M military transporter plane, resetting Europe’s largest defense project after a lengthy wrangle over costs and military capability.
U.S. denies Tesla tariff relief request for Chinese-made Model 3 ‘brain’
The Trump administration has denied requests to exempt Tesla Inc’s Model 3 from 25% tariffs on its Chinese-made car computer and center screen, according to letters seen by Reuters.
Wall St. higher as oil surges after tanker attacks in Gulf of Oman
U.S. stocks continued their climb on Thursday after two days of declines as energy shares gained on higher oil prices following suspected attacks on two tankers in the Gulf of Oman.
Oil surges on Gulf tanker attacks, Treasury yields fall
Oil futures jumped on Thursday after suspected attacks on two tankers off the coast of Iran, while U.S. Treasury yields edged lower as economic data seemed to strengthen the case for the Federal Reserve to cut interest rates this year.
U.S. weekly jobless claims rise; imported inflation subdued
The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.
U.S. retailers’ halting outlook reveals scale of tariff fear
The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China – the market many of them have targeted for the future.
Southwest to keep Boeing 737 MAX off schedule through Sept. 2
Southwest Airlines Co said on Thursday it would keep the Boeing Co 737 MAX jet off its flying schedule through Sept. 2, as the timing of the return of the troubled airplane to service remained uncertain.
DHL says it will invest $150 million to expand U.S. healthcare business
Deutsche Post DHL Group on Thursday said it will spend $150 million this year to expand its U.S. healthcare distribution network capacity by roughly 40 percent.
Uber enlists “Qute” to take on India’s choked, polluted roads
Uber Technologies Inc has launched a new ride-hailing service in India’s tech capital Bengaluru that will use miniature gas-powered cars called “Qute” to win over commuters stressed out by the sprawling city’s heavily-congested streets.
U.S. weekly jobless claims rise; imported inflation weak
The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.
