Boeing: US regulator admits 'mistake' over aircraft crashes

The manager, Ed Pierson, drew a link between faulty Angle of Attack sensors in 2 recent 737 MAX crashes that killed 346 people and what he called a "chaotic and alarming state" inside Boeing's factory that undermined quality and safety. DeFazio said ... More..

by | Published more than a month ago
Harbour Air testing world's first all-electric commercial seaplane
by | Thursday, December 12, 2019

Harbour Air testing world's first all-electric commercial seaplane

Harbour Air, North America's largest seaplane operator operating 300 daily flights with more than 40 aircraft, said it would retrofit its fleet with the magni500 propulsion systems to achieve its bid to becom...More..

Federal Reserve keeps policy interest rate steady at 1
by | Thursday, December 12, 2019

Federal Reserve keeps policy interest rate steady at 1

On Wednesday, when its latest meeting ends, the Fed is expected to project that its benchmark rate will remain unchanged through next year. The Fed lowered interest rates three times this year in a bid to shiel...More..

AirPod sales give the wearables market a much-needed boost
by | Thursday, December 12, 2019

AirPod sales give the wearables market a much-needed boost

Thanks to a price reduction on the Apple Watch Series 3 and the launch of AirPods Pro, Apple snagged 35% of the market share in the third quarter, a year-over-year growth increase of more than 195%. "This b...More..

Developing Asia's growth forecast cut by ADB, Economy News & Top Stories
by | Thursday, December 12, 2019

Developing Asia's growth forecast cut by ADB, Economy News & Top Stories

Minister for Economic Affairs also had a meeting with DG Werner Liepach today in Islamabad discussed ADB's portfolio, and enhanced support the public and private sector financing for key and emerging sector...More..

Oil prices slip again as spectre of trade war
by | Wednesday, December 11, 2019

Oil prices slip again as spectre of trade war

Prices of oil decreased on Monday after big gains on Friday, as investors kept observing whether OPEC and its allies would follow through their plans to deepen crude output cuts. Earlier in the day, the Organ...More..

Saudi Aramco shares up sharply on market debut
by | Wednesday, December 11, 2019

Saudi Aramco shares up sharply on market debut

The shares, which trade under the 2222 ticker, are subject to a 10% daily price fluctuation limit. Saudi Arabia relied on mainly domestic and regional investors to buy a 1.5% stake in Aramco after lukewarm ...More..

New climate pact is EU's
by | Wednesday, December 11, 2019

New climate pact is EU's "man on the moon moment" - chief executive

Von der Leyen wants the European Union to reduce carbon emissions by at least 50 per cent by 2030, compared with 1990 levels, considerably more than the current goal of 40 per cent. With the European Union an...More..

John Properties employees receive $10M in bonuses
by | Wednesday, December 11, 2019

John Properties employees receive $10M in bonuses

That breaks down to $50,000 per employee , but the bonus will vary based on years of service. "I am thankful for every one of our employees, for their hard work and dedication", said founder Edward St. St. J...More..

Saudi Aramco shares to begin trading after world's biggest IPO
by | Wednesday, December 11, 2019

Saudi Aramco shares to begin trading after world's biggest IPO

Aramco said in a statement to the Saudi Stock Exchange on Wednesday that it has sold 450 million more shares, boosting the value of the offering to $29.44 billion. But Riyadh scaled back its global ambitions ...More..

China: Subdued underlying inflation picture - TDS
by | Wednesday, December 11, 2019

China: Subdued underlying inflation picture - TDS

A milder fall in factory-gate prices in November than in previous months may have been helped by tentative signs of improvement in manufacturing activity, although economists have noted the recovery could be ha...More..

by | Wednesday, December 11, 2019

Maryland company surprises employees with $10 million bonus

St. John Properties , a commercial real estate company, says the bonus was possible because they met their goal of developing 20 million square feet of space. Employees will receive US$50,000 on average, St. ...More..

Charismatic central banker and author of the 'Volcker rule' dies
by | Wednesday, December 11, 2019

Charismatic central banker and author of the 'Volcker rule' dies

Powell, who has been heavily criticised by President Donald Trump for keeping monetary policy tight and restricting growth, was a year ago advised by Volcker to ignore brickbats from the White House. Born in ...More..

Holden Commodore axed after 41 years of Australian motoring
by | Tuesday, December 10, 2019

Holden Commodore axed after 41 years of Australian motoring

Australia's Holden Commodore in its previous guises was once an iconic rear-wheel sedan that also formed the basis of South Africa's Chevrolet Lumina SS and the USA market's Chevrolet SS , both V8-powered br...More..

Jaguar I-Pace Gets For Range Without Extra Charges
by | Tuesday, December 10, 2019

Jaguar I-Pace Gets For Range Without Extra Charges

The update will improve the I-Pace's regenerative braking ability at times when the battery has a high SoC, and it will regen more kilowatts at lower speeds than before. Jaguar is inviting I-Pace owners to take...More..

NAFTA parties within 'millimeters' of completing deal, Ross says
by | Tuesday, December 10, 2019

NAFTA parties within 'millimeters' of completing deal, Ross says

In Mexico City, Mexican Foreign Relations Secretary Marcelo Ebrard said Monday night that there would be a meeting of the three countries' negotiating teams Tuesday "to announce the advances achieved" on the tr...More..

California salad contaminated by E coli bacteria
by | Tuesday, December 10, 2019

California salad contaminated by E coli bacteria

Canadians are advised not to eat the recalled product. Health officials are investigating 16 cases of E. coli in five eastern provinces stemming from packaged salad. It is warning consumers not to eat any p...More..

Elon Musk says Tesla to launch electric ATV in late 2021
by | Tuesday, December 10, 2019

Elon Musk says Tesla to launch electric ATV in late 2021

Over the weekend, it was spotted outside Los Angeles International Airport and on the I-405. That said, we're curious: What do YOU think of the Cybertruck NOW that you've seen it among other, normal vehicle...More..

Saudi Aramco IPO proceeds rise to US$29.4b after option exercised
by | Tuesday, December 10, 2019

Saudi Aramco IPO proceeds rise to US$29.4b after option exercised

A lead bank advising Aramco on the IPO said Monday the company is selling a 1.7% stake for $29.4 billion following strong interest by local Saudi funds. Kamel, of Eurasia Group, said the real test for the princ...More..

Ericsson to pay more than $ 1 billion to settle USA corruption probe
by | Tuesday, December 10, 2019

Ericsson to pay more than $ 1 billion to settle USA corruption probe

Attorney Geoffrey Berman of the Southern District of NY said in a statement . The total amount of Ericsson's settlement fund amounts to $1.2 billion- providing a $520 million criminal penalty to the justice de...More..

Amazon slams 'improper pressure' from Trump in JEDI bid protest
by | Tuesday, December 10, 2019

Amazon slams 'improper pressure' from Trump in JEDI bid protest

Trump, who launched public and behind-the-scenes attacks to steer the JEDI Contract away from AWS to harm his perceived political enemy-Jeffrey P. Bezos, founder and CEO of AWS' parent company, Amazon.com, Inc"...More..

Beijing orders officials to replace ALL foreign PCs and software
by | Monday, December 09, 2019

Beijing orders officials to replace ALL foreign PCs and software

Beijing's policy of moving Chinese government offices away from United States technology is yet another sign of a so-called "decoupling" of supply chains between the two countries and would likely deal a blow t...More..

Oil prices slip as weak China exports highlight trade war impact
by | Monday, December 09, 2019

Oil prices slip as weak China exports highlight trade war impact

China's exports unexpectedly dropped 1.1% in November from a year earlier, while shipments to the USA fell 23%, data from the General Administration of Customs showed Sunday. On the phase-one trade deal, top Wh...More..

by | Monday, December 09, 2019

FT: Beijing orders state offices to replace foreign PCs and software

The directive doesn't apply to privately-owned Chinese companies, which are likely to continue using foreign hardware equipment and software, due to the high cost of replacing private inventories, the FT said. ...More..

Tesco Weighs Sale of Asia Stores
by | Monday, December 09, 2019

Tesco Weighs Sale of Asia Stores

Tesco said in a statement that it is undergoing a strategic review of the businesses after receiving " inbound interest ". One of the people said Tesco could start a sale process early next year. Tesco has ...More..

Mexico says Good Progress on trade deal, however work still remains
by | Monday, December 09, 2019

Mexico says Good Progress on trade deal, however work still remains

Mexico's Foreign Minister said Sunday the country would not accept a USA proposal for steel and aluminum production under the new trade deal, saying it would leave Mexico at a disadvantage. The USMCA, signed ab...More..

Tesla on autopilot collides with CT state police cruiser
by | Monday, December 09, 2019

Tesla on autopilot collides with CT state police cruiser

It happened on Saturday morning, December 7 on the northbound side near Exit 15 in Norwalk, Connecticut State Police said . Tesla has said repeatedly that the semi-autonomous system is created to assist dr...More..

Woman allegedly stung by scorpion during United Airlines flight
by | Monday, December 09, 2019

Woman allegedly stung by scorpion during United Airlines flight

A female passenger who felt a stinging sensation reportedly inspected herself in the aircraft's bathroom, only to discover a scorpion in the leg of her trousers. After feeling a "throbbing sensation" in the leg...More..

KFC Brings Back It's Chicken-Scented '11 Herbs & Spices Firelog'
by | Monday, December 09, 2019

KFC Brings Back It's Chicken-Scented '11 Herbs & Spices Firelog'

CMO Andrea Zahumensky said in the release. Consumers will need to go online to Walmart.com to purchase a log for $18.99 and wait patiently (or impatiently) for two days. KFC Corporation, based in Louisville, Ky...More..

NYC set to require 'bird-friendly' glass on new construction
by | Sunday, December 08, 2019

NYC set to require 'bird-friendly' glass on new construction

A protest message directed at Amazon is spray painted on a wall near a construction site in the Long Island City neighborhood of the Queens borough of New York City, on January 9, 2019. In February, Amazon ...More..

U.S. stocks close higher on upbeat jobs report
by | Sunday, December 08, 2019

U.S. stocks close higher on upbeat jobs report

Consumer credit increased by $18.9 billion in October, up from a $9.6 billion gain in the prior month. "Today's jobs report should have the Fed feeling good about the current stance of policy of remaining o...More..

Britain's Fraud Office Opens Glencore Bribery Investigation
by | Sunday, December 08, 2019

Britain's Fraud Office Opens Glencore Bribery Investigation

In a short statement Glencore said it has been 'notified today that the Serious Fraud Office (SFO) has opened an investigation into suspicions of bribery in the conduct of business of the Glencore group'....More..

Lidl Reacts To IFA Protest At Its Charleville Distribution Centre
by | Sunday, December 08, 2019

Lidl Reacts To IFA Protest At Its Charleville Distribution Centre

The row has been ongoing for months, with the price of beef at its lowest in years and with many farmers claiming they are struggling to survive and may be forced out of business without Government intervention...More..

Ford recalling trucks with electric tailgates
by | Sunday, December 08, 2019

Ford recalling trucks with electric tailgates

Another 29,953 trucks sold in Canada are also affected. The report from the Associated Press also indicated that Ford said water can get into the electrical wiring and cause a short circuit, activating the ...More..

US Stocks Edge Higher on Positive Economic Data
by | Sunday, December 08, 2019

US Stocks Edge Higher on Positive Economic Data

The Dow Jones Industrial Average was up by 28.01 points, or 0.10 percent, to 27,677.79. The S&P 500 index rose 4.67 points, or 0.2%, to 3,117.43. Negative trade rhetoric from Commerce Secretary Wilbur Ros...More..