Equity markets stymied by signs of slowdown, Brexit chaos
World shares slipped on Wednesday after two days of gains amid mounting concern over world growth and trade, though the British pound rallied half a percent on optimism that lawmakers were set to rule out a no-deal Brexit.
Egypt bars Boeing 737 MAX jets from its airspace: statement
Egypt has barred the passage, takeoff and landing of Boeing 737 MAX aircraft, the civil aviation ministry said in a statement on Wednesday.
Black boxes from Ethiopia plane crash could be sent to Europe: airline
The black boxes from Sunday’s plane crash in Ethiopia could be sent to a “closer country in Europe” rather than the United States for analysis, the chief executive of Ethiopian Airlines told CNN on Wednesday.
Uzbekistan bars Boeing 737 Max jets from local airports
Uzbekistan’s civil aviation agency on Wednesday barred Boeing 737 Max jets from taking off or landing at local airports for one month, following two fatal crashes involving the aircraft in Indonesia and Ethiopia.
Thailand aviation regulator suspends Boeing 737 Max 9 flights for a week
The Civil Aviation Authority of Thailand said on Wednesday it is suspending the use of the Boeing Co’s 737 Max 9 due to safety concerns.
Black boxes from Ethiopia crash to be sent overseas: Ethiopian Airlines
The black boxes from the Ethiopian Airlines plane that crashed on Sunday will be sent overseas for analysis because there is not capacity in the country to do it, an Ethiopian Airlines spokesman said on Wednesday.
Lebanon bans Boeing 737 MAX planes from its airspace: NNA
Lebanon’s aviation authority on Wednesday said it had banned all Boeing 737 MAX planes from landing in Beirut or flying in Lebanese airspace, state news agency NNA said.
South Korean proxy adviser recommends votes against Elliott’s proposals for Hyundai Mobis
South Korea’s leading proxy adviser KCGS recommended shareholders vote against U.S. activist investor Elliott Management’s proposals for dividends and board members at Hyundai Mobis, according to its report.
VW brand to cut up to 7,000 jobs for 5.9 billion euro annual savings goal
Volkswagen on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise VW’s operating margin to 6 percent.
India bans Boeing 737 MAX planes from its airspace
India will not allow U.S. planemaker Boeing Co’s 737 MAX aircraft to enter or transit its airspace after 1030 GMT, the ministry of civil aviation said on Wednesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.
