FAA investigates Southwest over baggage weight discrepancies: WSJ
The U.S. Federal Aviation Administration is investigating Southwest Airlines Co for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, according to a Wall Street Journal report on Monday.
EU’s Juncker expects Trump to refrain from imposing higher tariffs on cars
U.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday.
Honda to close UK car plant with the loss of 3,500 jobs
Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.
Honda plan to close UK plant is not due to Brexit: lawmaker
Japan’s Honda plans to shut its British car plant in Swindon by 2022 with the loss of 3,500 jobs but the decision is not related to Brexit, a local lawmaker told Reuters on Monday.
Citi expects privatization to bolster revenue in Brazil
Citigroup Inc expects to boost annual revenue in Brazil over the next years by advising potential public asset sales and through a revival in capital markets, its chief executive officer in Brazil told journalists on Monday.
Russia’s Rusal is in talks to resume reinsurance with Western companies
Russia’s Rusal, the world’s second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said.
Citi to double Brazil commercial bank unit’s assets by 2020
Citigroup Inc plans to double its Brazilian commercial banking unit’s assets by 2020, thanks to growth in loans to mid-sized companies, department head Antonio Rubens told journalists on Monday.
Germany bans Wirecard ‘shorting’ as prosecutors probe FT journalist
Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are now the subject of an investigation by German authorities.
Britain does not support total Huawei network ban: sources
British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said.
Germany’s Bafin bans Wirecard ‘short’ positions over volatility
Germany’s financial watchdog has banned “short” selling of Wirecard shares after reports in the Financial Times sparked recent volatility in the payments firm’s stock.
