A Boeing 737 Max aircraft taxis the runway at the Renton Municipal Airport in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson SYDNEY (Reuters) – Papua New Guinea carrier Air Niugini has updated its contract with Boeing Co (BA.N) to delay the delivery of its four 737 MAX jets on order until…
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Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources
KUALA LUMPUR/SINGAPORE (Reuters) – Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM (AIRF.PA) which wants as much as 49% while Japan Airlines (9201.T) is looking at a 25% stake, sources with knowledge of the matter said. FILE PHOTO: Malaysia Airlines planes are pictured at Kuala Lumpur International Airport…
Uber Sells Food Delivery Business in India
MUMBAI, India — Uber, in its latest move to drop money-losing businesses, agreed on Tuesday to sell its food delivery business in India to Zomato, a local competitor, in exchange for 9.99 percent of the Indian start-up. All delivery drivers for the service, known as Uber Eats, and basic information about customers,…
The Royals Are Coming to Canada, but Where Will They Live?
OTTAWA — While many Canadians have been assiduously following every twist in the plans of Prince Harry and Meghan, his wife, to take a break from royal duties, the couple may find their plan to live part time in Canada will, in the end, be greeted by a great national yawn. Half…
Chinese Virus, Boeing, Australia Weather: Your Tuesday Briefing
(Want to get this briefing by email? Here’s the sign-up.) Good morning. We’re covering the spread of a mysterious virus across Asia, why important details of a Boeing crash from a decade ago were suppressed and the frisky history of cocktails. Image Members of the medical staff at Jinyintan Hospital in Wuhan,…
Airbus unit to offer product to help airlines with revenue volatility
LONDON (Reuters) – A subsidiary of Airbus (AIR.PA), the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France,…
IEA warns oil companies doing nothing on emissions is not an option
PARIS (Reuters) – Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken…
Asia shares camp on high ground, oil jumps on Libya shutdown
SYDNEY (Reuters) – Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly Song…
Guoxuan says in talks with Volkswagen, hasn’t reached binding agreement
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Guoxuan High-Tech Co Ltd (002074.SZ) is in talks with Volkswagen AG (VOWG_p.DE) for potential strategic cooperation in technology, product, and capital,…
Oil jumps to highest in more than a week after Libyan shutdowns
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford TOKYO (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows…
Samsung appoints new mobile chief as Huawei chips away at market share
SEOUL (Reuters) – Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The logo of Samsung Electronics is seen at its office building…
A thousand EU financial firms plan to open UK offices after Brexit
LONDON (Reuters) – More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday. FILE PHOTO: A person walks through the Canary Wharf financial district of London, Britain,…
CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT
FILE PHOTO: Bank of America CEO Brian Moynihan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann (Reuters) – Brian Moynihan, the chief executive officer of Bank of America Corp (BAC.N), has said the bank could double its consumer market share in the United States…
JPMorgan to buy Paris building to bring euro teams from London
PARIS (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain’s exit from the European Union. FILE PHOTO: A J.P. Morgan logo is seen in…
Subaru sets mid-2030s target to sell only electric vehicles worldwide
FILE PHOTO: A Subaru logo is displayed at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Soe Zeya Tun TOKYO (Reuters) – Japan’s Subaru Corp (7270.T) set a target on Monday for all the vehicles it sells worldwide to be electric by the first half of the 2030s, in a…
Libya, Harry and Meghan, SpaceX: Your Monday Briefing
(Want to get this briefing by email? Here’s the sign-up.) Good morning. We’re covering halting steps toward peace in Libya, Harry and Meghan’s hard break from the British royal family and a facial recognition app that’s scraping photos from Facebook. Image The aftermath of a bombing near the Mitiga airport in Tripoli…
Venezuela Opposition Leader Defies Travel Ban to Woo Support Abroad
MARACAIBO, Venezuela — Venezuela’s opposition leader, Juan Guaidó, defied a travel ban and crossed into Colombia on Sunday to round up greater international support for regime change in Venezuela. Mr. Guaidó, who is recognized by the United States and more than 50 countries as Venezuela’s president, and his fellow opposition members are…