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Updated: 9 hours 28 min ago

South African Airways CEO resigns: Fin24

Sun, 06/02/2019 - 14:21
South African Airways (SAA) Chief Executive Officer Vuyani Jarana has resigned due to what he said was the lack of progress on a strategy to turn around the loss-making airline, Fin24 financial news website reported on Sunday.

GE says French plant set for layoffs will not close down

Sun, 06/02/2019 - 14:04
A General Electric (GE) factory in eastern France where the U.S. group is planning job cuts will not close down, and the firm is looking into alternatives there including building aeronautical parts, GE's French boss said in a media interview.

Airlines want joint lifting of 737 MAX ban, but EU cautious

Sun, 06/02/2019 - 12:45
Airlines urged regulators on Sunday to coordinate on software changes to the Boeing 737 MAX in a bid to avoid damaging splits over safety seen when the aircraft was grounded in March.

A year after Qatar boss' gaffe, airlines still pay 'lip service' to diversity - executives

Sun, 06/02/2019 - 12:19
A year after Qatar Airways boss' remark that a woman could not do his job drew scathing criticism, airline executives called out the industry for paying only "lip service" to diversity and not pushing to get more women out of cabins and into boardrooms.

China says U.S. can't use pressure to force trade deal

Sun, 06/02/2019 - 12:18
The United States cannot use pressure to force a trade deal on China, a senior Chinese official and trade negotiator said on Sunday, refusing to be drawn on whether the leaders of the two countries would meet at the G20 summit to bash out an agreement.

U.S. regulators divide scrutiny of Amazon and Google: Washington Post

Sun, 06/02/2019 - 10:26
U.S. antitrust regulators have divided oversight of Inc and Alphabet Inc's Google, putting Amazon under the watch of the Federal Trade Commission and Google under the Justice Department, the Washington Post said on Saturday.

Airbus urges airlines to pressure Boeing over subsidy row

Sun, 06/02/2019 - 10:23
Airbus has written to airline leaders to appeal for their backing in a trade dispute with rival Boeing, warning of higher aircraft prices and passenger fares if the United States and European Union descend into a tariff war.

Global airlines slash profit forecast 21% on protectionism fears

Sun, 06/02/2019 - 10:22
Global airlines slashed a key industry profit forecast by 21% on Sunday amid concerns over an expanding trade war and higher oil prices.

China white paper says latest U.S. tariffs won't fix trade issues

Sun, 06/02/2019 - 09:17
The latest U.S. tariffs on Chinese imports will not resolve the two countries' trade issues, and the United States bears responsibility for setbacks in the talks process, a policy paper published by the Chinese government said on Sunday.

China vice minister says U.S. overestimates trade deficit

Sun, 06/02/2019 - 09:16
Chinese Vice Commerce Minister Wang Shouwen said on Sunday the United States overestimates the trade deficit between the two countries and China should not be blamed for job losses in the U.S. manufacturing sector.

EU reserves right to take own decisions on Boeing 737 MAX

Sun, 06/02/2019 - 08:43
The European Union will work with other regulators on the approval of new software for the Boeing 737 MAX but reserves the right to take its own decision on when to return the grounded jet to service, the bloc's transport chief said on Sunday.

China to probe FedEx after Huawei says parcels diverted

Sun, 06/02/2019 - 08:30
China will investigate whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency said on Saturday, after Chinese telecoms giant Huawei said parcels intended for it were diverted.

J.P. Morgan slashes 2019 forecasts on U.S. yields due to trade tensions

Sat, 06/01/2019 - 23:55
J.P. Morgan bond analysts cut back on their outlook on U.S. Treasury yields for 2019 as growing risks to the economy from trade tensions may cause the Federal Reserve to lower interest rates twice in the second half of the year.

Kenya to retire old 1,000 shilling banknote to stem illicit flows

Sat, 06/01/2019 - 23:15
Kenya plans to withdraw an old version of its 1,000 shilling ($9.88) banknote to tackle illicit financial flows and counterfeiting, its central bank governor said on Saturday.

Warren Buffett charity lunch fetches record $4.57 million winning bid

Sat, 06/01/2019 - 21:31
An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc.

India plays down Trump decision to remove U.S. trade privileges

Sat, 06/01/2019 - 16:18
The Indian government said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by U.S. President Donald Trump to end preferential trade treatment for India from June 5.

Total takes on Toshiba's U.S. LNG business after Chinese buyer pulls out

Sat, 06/01/2019 - 15:07
Total will take over Toshiba's U.S. liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said on Saturday, weeks after attempts to sell it to a Chinese buyer fell through.

China to issue white paper on trade talks with U.S. on Sunday

Sat, 06/01/2019 - 15:01
The information office of China's State Council, or cabinet, said it would release a white paper on U.S.-China trade talks on Sunday, the official Xinhua news agency reported.

U.S. judge waves through D.C. case against Facebook

Sat, 06/01/2019 - 12:58
A U.S. judge on Friday denied Facebook Inc.'s request to dismiss a lawsuit by the Washington, D.C. attorney general over the social media giant's improper sharing of 87 million users' data with British political consulting firm Cambridge Analytica.

SpiceJet examines taking over widebody jets previously operated by Jet

Sat, 06/01/2019 - 10:44
Indian budget airline SpiceJet Ltd is examining the prospect of taking over widebody jets previously operated by Jet Airways Ltd, but initial studies show they need significant maintenance work, its chairman said on Saturday.