Fiat Chrysler recalling 965,000 US, Canadian vehicles over excess emissions
Fiat Chrysler Automobiles NV will recall about 965,000 gasoline-powered vehicles in the United States and Canada that do not meet emissions standards and will replace their catalytic converters, officials said on Wednesday.
Germany says will not analyse Ethiopian Airlines black box
Germany’s Federal Bureau of Aircraft Accident Investigation (BFU) said on Wednesday it will not analyse the black box from the Ethiopian Airlines passenger jet which crashed soon after taking off from Addis Ababa on Sunday.
U.S. grounds 737 MAX jets, Boeing shares fall again
President Donald Trump on Wednesday said the United States would ground Boeing Co’s 737 MAX jets, following Europe and other nations that have already stopped the planes flying due to safety concerns after an Ethiopian Airlines crash on Sunday, the se…
U.S. House technology panel heads seeks delay in 5G spectrum auction
Leaders of a U.S. House of Representatives committee on Wednesday asked the Federal Communications Commission to delay a radio frequency spectrum auction for next-generation 5G wireless communications, which is scheduled for Thursday.
Debenhams rejects Sports Direct complaints about its disclosure
British department store Debenhams on Wednesday rejected what it said were “unfounded and self-serving complaints” from shareholder Sports Direct about its communications to the market before it warned on profit earlier this month.
Southwest waives charges on fare differences for customers wanting off 737 MAX
Southwest Airlines Co, the world’s largest operator of the Boeing Co 737 MAX 8 with 34 jets, said on Wednesday it is waiving any fare-difference charges for customers who wish to switch to another aircraft.
U.S. says Iran has lost $10 billion in oil revenue due to sanctions
Iran has lost $10 billion in revenue since U.S. sanctions in November have removed about 1.5 million barrels per day (bpd) of Iranian crude from global markets, a U.S. State Department official said on Wednesday.
Wall Street lifted by latest benign inflation data
U.S. stocks rose broadly on Wednesday with the S&P 500 index hitting a five-month high, after latest data backed the Federal Reserve’s patient stance on future interest rate hikes.
Brookfield buys most of Oaktree to build juggernaut to rival Blackstone
Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Group LLC in a roughly $4.8 billion deal, creating an alternative-asset manager that would rival industry leader Blackstone Group in size.
Canada grounds Boeing 737 MAX 8 and 9 jets, citing safety concerns
Canada on Wednesday became the latest nation to ground Boeing 737 MAX aircraft, citing potential safety concerns after an Ethiopian Airlines Boeing MAX crashed on Sunday, killing 157 people.
