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Airlines expect FAA to end 3% flight cuts at major US airports, sources say

WASHINGTON (Reuters) -Airlines anticipate the Federal Aviation Administration will end 3% domestic flight reductions at 40 major U.S. airports early Monday, easing restrictions imposed over air traffic control safety concerns, sources told Reuters. Late Friday, the FAA cut in half the flight-cut requirement from 6% to 3% but airlines have not been complying with the …

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Australia’s Syrah Resources, Tesla to further extend graphite supply deal deadline

(Reuters) -Australia’s Syrah Resources said on Monday that it had agreed with Tesla to extend the deadline to tackle an alleged default of their graphite supply agreement for the second time in two months as the miner works to keep its U.S. operations buoyant. The Elon Musk-led automaker issued a default notice in July after …

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NZ welcomes lifting of US tariffs on $1.25 billion in exports

WELLINGTON (Reuters) -New Zealand late on Sunday welcomed the United States’ announcement that it would remove additional tariffs on a range of New Zealand agricultural products, including beef, offal and kiwi fruit, but said it would like to see all the additional U.S. tariffs on New Zealand goods removed. President Donald Trump on Friday removed …

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Boeing aims to smooth relations with buyers over 777X delays

By Tim Hepher DUBAI (Reuters) -Boeing plans to lay out the path to certification of its much-delayed 777x mini-jumbo programme in contacts with airlines at this week’s Dubai Airshow rather than use the event to maximise new order announcements, a high-level executive said on Sunday. Boeing last month announced a new delay and took a …

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Trump cuts tariffs on beef, coffee and other foods as inflation concerns mount

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. President Donald Trump on Friday rolled back tariffs on more than 200 food products, including such staples as coffee, beef, bananas and orange juice, in the face of growing angst among American consumers about the high cost of groceries. The new exemptions – which took effect …

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Former Fed Governor Kugler’s exit came amid forbidden trading activity

By Michael S. Derby NEW YORK (Reuters) -Former Federal Reserve Governor Adriana Kugler, who abruptly resigned this summer, had multiple financial transactions in violation of the central bank’s ethics rules, government filings showed on Saturday, with the matter referred to the Fed’s in-house watchdog for investigation. Kugler in late July had sought a waiver to …

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New York Fed met with banks over key lending facility

(Reuters) -New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, a New York Fed spokesperson told Reuters. “President Williams convened the New York Fed’s primary trading counterparties (primary dealers) to continue engagement on the purpose of the standing repo facility as a tool …

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US jury says Apple must pay Masimo $634 million in smartwatch patent case

By Blake Brittain (Reuters) -A federal jury in California said on Friday that Apple owes medical-monitoring technology company Masimo $634 million for infringing a patent covering blood-oxygen reading technology. The jury agreed with Masimo that the Apple Watch’s workout mode and heart rate notification features violated Masimo’s patent rights, a Masimo spokesperson confirmed. An Apple spokesperson …

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Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports

(Reuters) -Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday. The Elon Musk-led automaker and its suppliers have already replaced some China-made components and aim to switch all other components to those made outside of China in …

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US trade tribunal to consider new Apple Watch import ban

By Blake Brittain (Reuters) -The U.S. International Trade Commission decided on Friday to hold a new proceeding to determine whether imports of Apple’s updated Apple Watches should be banned as part of a patent dispute with medical monitoring technology company Masimo.  The ITC said in an order that it would investigate whether Apple Watches that …

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