By David Shepardson and Allison Lampert WASHINGTON (Reuters) – The U.S. aviation regulator on Friday extended the grounding of Boeing 737 MAX 9 airplanes indefinitely for new safety checks and announced it will tighten oversight of Boeing itself after a cabin panel broke off a new jet in mid-flight. As United Airlines and Alaska Airlines …
US FAA extends Boeing MAX 9 grounding for new safety checks Read More »
VIENNA (Reuters) – It was a mistake for Austrian property group Signa to venture into the retail business, since that cost it capital that was sorely missing when it tried to stave off insolvency, executive Alfred Gusenbauer said in comments broadcast on Saturday. Gusenbauer, a former leader of the Social Democrats and Austrian chancellor, was …
Property group Signa’s retail foray was a mistake, senior executive says Read More »
(Reuters) – Novo Nordisk said on Friday it resumed shipments of weight loss drug Wegovy in the 1.7 milligram dose in early January, following a short-term stock-out in the U.S. in mid-December last year. Along with lower strength doses of 0.25 mg, 0.5 mg and 1 mg of the drug, the U.S. Food and Drug …
Novo Nordisk resumes shipments of Wegovy 1.7 mg dose in US Read More »
By Victoria Waldersee, Anna Ringstrom and Marie Mannes BERLIN/STOCKHOLM (Reuters) -Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region. The United States and Britain launched a …
Tesla, Volvo Car pause output as Red Sea shipping crisis deepens Read More »
By Victoria Waldersee, Anna Ringstrom and Marie Mannes BERLIN/STOCKHOLM (Reuters) -Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region. The United States and Britain launched a …
Tesla, Volvo Car pause output as Red Sea shipping crisis deepens Read More »
BRUSSELS (Reuters) – The EU’s antitrust chief Margrethe Vestager said she met with the chief executives of Apple, Alphabet and Qualcomm to discuss regulation and competition policy compliance, in posts on social media platform X on Friday. Last week, Vestager’s communications adviser said she would speak to chief executives of Apple, Alphabet, Broadcom and Nvidia …
EU antitrust chief meets Apple, Alphabet, and Qualcomm chiefs Read More »
By Michelle Price, Saeed Azhar and Tatiana Bautzer WASHINGTON (Reuters) -Major U.S. banks reported lower profits on Friday in a choppy fourth quarter clouded by special charges and job cuts, with signs an income boost from high interest rates is waning and some consumer loans are starting to sour. Still, the country’s largest lenders JPMorgan, …
Flagging loan margins, one-off charges drag down profit at major US banks Read More »
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal said on Friday it “understands” clients’ decisions to turn to alternative shipping methods as the canal, one of the world’s busiest trade routes, faces restrictions due to an ongoing drought, and that it was working on solutions to avoid setbacks caused by future climate crises. …
Panama Canal ‘understands’ Maersk move to rail amid drought Read More »
STOCKHOLM (Reuters) -Electrolux, the world’s second-biggest appliances maker, said on Friday that its fourth-quarter loss had widened from a year earlier due to high costs, intensified price competition and weak demand in North America, sending its shares lower. The Swedish group, which is due to publish its full quarterly earnings report on Feb. 2, estimated …
Electrolux warns of bigger Q4 loss as N. American headwinds strengthen Read More »
(Reuters) – Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February 2022. But Kyiv wants to reopen Boryspil International Airport just outside the capital …
Ukraine in talks with Marsh on war risk insurance for air transport Read More »
