Ethiopian crash report likely to be released this week as Boeing briefs airlines
A preliminary report on an Ethiopian Airlines crash will very likely be released this week, the country’s transport ministry said on Tuesday, as Boeing prepares to brief more airlines on software and training updates on the 737 MAX.
Former Lego CEO steps down from board as part of generation shift
Former President and CEO of Danish toymaker Lego, Kjeld Kirk Kristiansen, will step down from the the board of the toymaker at the general meeting in April, the company’s owner said on Tuesday.
Mastercard to invest $300 million in Network International IPO
Global payments giant Mastercard has said it will invest $300 million as a cornerstone investor in the planned London float of payments processor Network International.
Airbus shares rally after large Chinese order
Airbus shares rose on Tuesday after the European planemaker won a deal worth tens of billions of dollars to sell 300 aircraft to China.
Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East
Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering.
Saudi venture fund STV says Uber deal with Careem to help Mideast ride hailing firm grow
Saudi Technology Ventures (STV) said on Tuesday Uber’s deal with Careem will help the Middle East ride hailing firm expand its customer base even further and continue to develop the regional economy.
Preliminary report on Ethiopian Airlines crash ‘very likely’ released this week: Transport Ministry
The preliminary report on the March 10 Ethiopian Airlines crash will very likely be released this week, Ethiopia’s transport ministry spokesman told Reuters on Tuesday.
Saudi Aramco building global gas business to cut carbon footprint
Saudi Aramco, the world’s biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid to lessen its carbon footprint, Chief Executive Amin Nasser said on Tuesday.
Citi aims to grow Asia wealth management client base by 10 pct in 2019
Citigroup Inc said on Tuesday it planned to grow its Asia Pacific wealth management client base by 10 percent this year, stronger than the 8 percent growth it posted in 2018, as it hires more client advisers and boosts digital offerings.
Asian shares tick up as U.S. bond yields come off late-2017 lows
Asian shares drifted higher on Tuesday after two days of losses as U.S. 10-year Treasury yields edged up, but the outlook remained murky as investors weighed the odds of whether the U.S. economy is in danger of slipping into recession.
