OECD seeing less corporate opposition to digital era tax revamp
A global effort to revamp international tax rules for the digital era is receiving less corporate push-back than past attempts, the OECD’s head of tax policy said on Tuesday.
India to ground Boeing 737 MAX planes after Ethiopia crash
India is grounding U.S. planemaker Boeing Co’s 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.
Germany grounds Boeing 737 MAX 8 and 9 for three months
Germany’s air safety authority DFS said on Tuesday that both Boeing 737 MAX 8 and MAX 9 models will be barred from the country’s air space until June 12.
U.S. senators Romney, Warren urge FAA to temporarily ground Boeing 737 MAX 8
U.S. senators Mitt Romney and Elizabeth Warren on Tuesday called on the Federal Aviation Administration to follow several other countries and temporarily ground Boeing Co’s 737 MAX 8, days after a crash in Ethiopia killed everyone onboard one of the pl…
Citigroup looks to speed up 2019 expense cuts
Citigroup Inc has accelerated some of its 2019 plans to cut expenses through “simplification” of its organization and improvements in its internal processes, Chief Financial Officer Mark Mason said on Tuesday at an investor conference.
EU suspends Boeing 737 MAX flights after Ethiopia crash
The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX planes in the biggest setback yet for the U.S. planemaker following a crash in Ethiopia that killed 157 people.
Boeing shares take another hit as more countries ground 737 MAX 8 planes
Boeing Co’s stock took another beating on Tuesday as a raft of countries grounded its 737 MAX 8 aircraft, responding to a deadly crash in Ethiopia which has so far knocked $25 billion off the market value of the world’s largest planemaker.
EASA suspends all flight operations of two Boeing 737 models
The European Union’s aviation safety agency EASA suspended all flights in the bloc by Boeing’s 737-8 and 737-9 airplanes following the Sunday’s deadly plane crash in Ethiopia.
Oil gains on cuts to Saudi, Venezuelan exports
Oil prices rose on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while a power outage in Venezuela reduced crude exports from the country.
Lumber Liquidators to pay regulators $33 million in flooring scandal settlement
Lumber Liquidators Holdings Inc has agreed to pay a $33 million criminal penalty to settle federal charges it misled investors about the safety of its laminate flooring made in China and sold to U.S. customers.
