Reuters UK Business

By David Shepardson WASHINGTON (Reuters) -Boeing Co said on Thursday it had resumed flight testing of its 777X jets after an inspection in October found an engine issue. GE said last month it was reviewing a technical issue that occurred during GE9X post-certification engineering testing of the plane, and had decided with Boeing to remove …

Boeing resumes 777X flight testing after recent engine issue Read More »

By Fanny Potkin and Paresh Dave (Reuters) – Twitter Inc’s public policy chief has left the company amid additional layoffs to the unit on Thursday, sources familiar with the matter told Reuters, as billionaire owner Elon Musk continues to slash costs. Sinead McSweeney, global vice president for public policy, has left Twitter, according to two …

Twitter’s top global policy official departs as layoffs continue Read More »

By Hannah Lang and John McCrank (Reuters) – FTX founder and former Chief Executive Sam Bankman-Fried, who faces U.S. fraud charges over the collapse of FTX, ran his crypto empire with a number of associates. Two of those are cooperating with federal prosecutors. Here’s a who’s who of one-time top officials at Bankman-Fried’s crypto empire: …

Who were the key figures at Sam Bankman-Fried’s FTX? Read More »

ROME (Reuters) – Italy’s government asked on Thursday for the lower house of parliament to hold a confidence vote on the 2023 budget to speed up its approval and ensure the package becomes law by the end of this year. Deputies will vote on Friday, allowing the complex bill to pass to the upper house …

Italy govt calls confidence vote over 2023 budget Read More »

By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said on Thursday it has opened two new special investigations into crashes involving Tesla vehicles where advanced driver assistance systems are suspected to have been in use. The new crashes under investigation include an eight-vehicle crash on Nov. 24 on the Bay …

U.S. safety agency probes two more Tesla crashes involving suspected driver assistance Read More »

(Reuters) – Citigroup Inc on Thursday named Hamza Girach and Rizwan Shaikh as co-heads of emerging markets at its banking, capital markets and advisory division in Europe, the Middle East and Africa (EMEA). Girach and Shaikh have been with the bank for roughly two decades. Girach was part of the team that covered Saudi Aramco’s …

Citi appoints new co-heads of emerging markets division in EMEA Read More »

By Kate Abnett BRUSSELS (Reuters) -Online retailer Amazon.com may be deemed responsible for advertising of counterfeit Christian Louboutin shoes which found its way to its platform, Europe’s top court said in a preliminary ruling on Thursday. The EU court said it was now up to two national courts to decide whether this was indeed the …

Amazon may be responsible for allowing Louboutin knock-off ads, EU court says Read More »

By Noel Randewich (Reuters) – Tesla Inc shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief Executive Elon Musk’s distraction with Twitter. The stock dropped almost 10% on Thursday to their lowest level since September 2020 after the automaker’s …

Tesla shares tumble, on track for worst month ever Read More »