Boeing Co is in talks with banks about borrowing US$10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday.
DAVOS, Switzerland: Easing US-China trade tensions have lessened uncertainty and the world economy may have hit bottom but a sharp slowdown in India is creating a drag worldwide, the International Monetary Fund said on Monday (Jan 20). However, while the risks to the global economy have grown ...
Tesla Inc said on Monday there is no unintended acceleration in its vehicles, responding to a petition to the National Highway Traffic Safety Administration to recall 500,000 of the electric company's cars over the alleged safety breach.
VANCOUVER: A Canadian court on Monday (Jan 20) began hearing the case of a senior Huawei executive who is fighting extradition to the United States, and whose arrest in Vancouver led to a breakdown in Canada-China relations. Meng Wanzhou, the company's chief financial officer and eldest daughter ...
Brazilian planemaker Embraer is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to necessary approvals, a top executive said on Monday.
LONDON: European stock markets mostly retreated on Monday (Jan 20) as investors booked profits after last week's rally awaiting some key US earnings updates. Stocks had jumped on Friday, with Wall Street indices ending at fresh record highs, as solid Chinese economic data brightened the economic ...
ISTANBUL: Turk Telekom has been hit by a cyber attack that has led to problems with internet access, the Turkish telecoms company said on Monday. The attack targeted Turk Telekom's DNS addresses, the company said, adding that cyber security experts were making intense efforts to resume normal ...
Owners of Boeing's grounded 737 MAX jet must keep cool heads and avoid offering panic discounts on sale or lease prices to avoid undermining its long-term value, the head of one of the world's largest aircraft lessors Aercap said on Monday.
Facebook will do a better job of preventing bad actors from abusing its platform to manipulate this year's U.S. presidential election than it did four years ago, its public affairs chief Nick Clegg said on Monday.
The chief executive of Google parent company Alphabet on Monday backed an EU proposal to temporarily ban facial-recognition technology because of the possibility that it could be used for nefarious purposes.
