Tour operator Tui warns on profit after 737 MAX grounding
Tour operator Tui AG on Friday warned it would take a 200 million euro ($225 million) profit hit in 2019 due to the grounding of Boeing’s 737 MAX aircrafts in the wake of two deadly crashes of the model.
Sriwijaya Air cancels plan to lease two Boeing 737 MAX jets
Indonesia’s Sriwijaya Air, which is operated by flag carrier Garuda Indonesia, has cancelled plan to lease two Boeing Co 737 MAX jets, a spokesman said on Friday.
Mnuchin says U.S.-China trade talks were ‘constructive’
U.S. Treasury Secretary Steven Mnuchin said in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had concluded “constructive” trade talks in Beijing.
H&M profit falls less than expected after it curbs discounts
Swedish fashion retailer H&M reported a smaller than expected fall in first-quarter pretax profit on Friday as it sold more products at full price and saw an improvement in margins.
Indonesia’s Sriwijaya cancels plan to lease two Boeing 737 MAX jets
Indonesia’s Sriwijaya Air, which is operated by flag carrier Garuda Indonesia, has canceled a plan to lease two Boeing Co 737 MAX jets, a spokesman said on Friday.
Asian stocks gain, progress in U.S.-China talks eyed
Asian shares rose on Friday, led by a surge in Chinese equities, on hopes that Washington and Beijing are making progress in trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.
Investigators believe anti-stall system activated in Ethiopian crash: WSJ
Investigators looking into a Boeing 737 MAX crash in Ethiopia that killed 157 people have reached a preliminary conclusion that an anti-stall system was activated before the plane hit the ground, the Wall Street Journal reported on Friday, citing peopl…
Tesla supplier agrees to buy GM’s South Korean plant for EV manufacturing
A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles.
Global M&A slides in first quarter as Brexit weighs on Europe
Global mergers and acquisitions (M&A) sank 17 percent in the first quarter of 2019, as concerns about an economic slowdown and fears of a no-deal Brexit in Europe spooked chief executives and corporate boardrooms from pursuing big tie-ups.
Regulators knew before crashes that 737 MAX trim control was confusing in some conditions: document
U.S. and European regulators knew at least two years before a Lion Air crash that the usual method for controlling the Boeing 737 MAX’s nose angle might not work in conditions similar to those in two recent disasters, a document shows.
