China’s Mobike to pull out of some Asian countries, evaluate other markets
Chinese dockless bike-sharing company Mobike said on Monday it will pull out of some Asian countries and re-evaluate its units in other overseas markets amid a wide-scale contraction in the market and the bankruptcy of top competitor Ofo.
Norwegian Air continues to operate 737 MAX 8 jets as normal
Norwegian Air’s fleet of Boeing 737 MAX 8 passenger jets continues to fly as normal, a company spokeswoman said on Monday, following the crash the previous day of a similar aircraft operated by Ethiopian Air.
UBS, StanChart settle 2009 Hong Kong IPO misconduct case
UBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged misconduct related to a 2009 IPO in Hong Kong, in a move expected to end uncertainty about the Swiss bank’s ability to lead stock listings in the city.
Tesla to raise vehicle prices by about 3 percent on average worldwide
Electric carmaker Tesla Inc said on Sunday it will raise vehicle prices by about 3 percent on average worldwide as it plans to keep more retail stores open.
Chinese carriers, Ethiopian Airlines suspend use of Boeing 737 MAX 8 aircraft after crash
China’s aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, after a deadly crash of one of the planes in Ethiopia.
To lure young talent, banks mimic tech workspaces
Tattooed models in mustard robes replaced the usual gray-suited bankers at Nordea Bank’s Copenhagen headquarters recently, as the Danish bank strutted out its latest attempt to woo young talent.
Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom
Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day.
Ethiopian Airlines grounds its Boeing 737 MAX 8 fleet
Ethiopian Airlines has grounded its Boeing Co 737 MAX 8 fleet until further notice, the airline said on its Twitter account on Monday, a day after a crash killed all 157 people on board one of its planes of the same type.
Boeing postpones 777X event after Ethiopian Airlines crash
Boeing Co said late Sunday it will postpone the planned ceremonial debut of its 777X widebody aircraft after Sunday’s crash of an Ethiopian Airlines plane that left 157 dead.
Alibaba invests $693 million for stake in Chinese courier STO Express
Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant’s fourth significant investment in a Chinese courier company.
