Nike fined $14 million for blocking cross-border sales of soccer merchandise
U.S. sportswear maker Nike was hit with a 12.5 million euro ($14.14 million) fine on Monday for blocking cross-border sales of soccer merchandise of some of Europe’s best-known clubs, the latest EU sanction against such restrictions.
Qatar Airways backs Boeing despite MAX crash crisis
Qatar Airways threw its support behind Boeing on Monday as the U.S. planemaker faces its biggest crisis in years after two deadly crashes of its flagship 737 MAX jet.
JPMorgan awards research grants, deepening its AI push
JPMorgan Chase & Co has awarded 47 financial grants to university faculty and PhD students for artificial intelligence research, ramping up its efforts in the emerging technology, the bank plans to announce later on Monday.
Expense report of the future reduces fraud and headaches
It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports.
Viacom renews contract with AT&T to continue airing channels on DirecTV
Viacom Inc has renewed its contract with AT&T Inc, avoiding a blackout of MTV, Nickelodeon and Comedy Central for DirecTV users, the companies said on Monday.
Positive German data tempers equity selloff, lifts bond yields
World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany.
Flattened yield curve reason to be nervous, but US economy solid – Fed’s Evans
Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook.
Oil prices steady amid worries of severe economic slowdown
Oil prices were steady on Monday, with concerns of a sharp economic slowdown competing with support from tighter supply due to OPEC’s production cutbacks and U.S. sanctions on Iran and Venezuela.
Ethiopian Airlines commits to Boeing ties despite flight 302 crash questions
Ethiopian Airlines said on Monday it would keep close ties with U.S. planemaker Boeing even though questions remained about its 737 MAX 8 model, after a crash shortly after take off this month killed 157 people.
Qatar Airways delays April Boeing MAX delivery until cause of Ethiopian crash known: CEO
Qatar Airways has delayed the April delivery of a Boeing 737 MAX until the cause of the Ethiopian Airlines crash involving the same type of plane is known, its chief executive said on Monday.
