Pilot of crashed Ethiopian Airlines jet reported flight control problems: WSJ
The pilot of the crashed Ethiopian Airlines 737 MAX 8 jet had reported flight-control problems and wanted to return to the airport, the Wall Street Journal reported on Wednesday, citing the chief executive officer of the airline.
Stock futures flat amid Brexit uncertainty; Boeing falls again
U.S. stock index futures treaded water on Wednesday, as investors took a cautious stance ahead of a clutch of domestic economic data and another make-or-break parliamentary vote on Brexit, which could send a shock through global markets.
Shanghai’s hotly-anticipated tech board draws defectors from rivals
A growing number of companies trading on China’s main over-the-counter (OTC) equity market are defecting to Shanghai’s hotly-anticipated Nasdaq-style technology board, as they follow the money.
Adidas shares fall as supply chain problems slow growth
Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, but said it hopes to see off a challenge from Nike in Europe and return to growth in the region.
VW brand to cut up to 7,000 jobs in new savings drive
Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros ($6.7 billion)of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division.
Ethiopia sends Boeing black boxes abroad, Norway airline wants compensation
Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad for expert analysis, and a Norwegian airline sought compensation after it grounded its models in the wake of the disaster.
Travel agents tweak search options, bookings after Boeing groundings
Travel websites have begun to respond to consumer concern and the grounding of Boeing’s 737 MAX planes by changing policies and introducing new options that exclude flights on those planes from customer queries.
StanChart suffers Asia private banker exits, boosts Mideast staff: sources
Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business.
Spotify files EU antitrust complaint against Apple
Spotify has filed a complaint with EU antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service.
Boeing Co should ground 737 MAX 8 jets: Ethiopian Airlines CEO
Boeing Co should ground all of its 737 MAX 8 jets until it is established that they are safe to fly, the chief executive of Ethiopian Airlines told the BBC on Wednesday.
