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Emirates boss says Boeing must recognize top-down role in MAX flaws

The head of one of Boeing Co's biggest customers, Dubai's Emirates, wants the planemaker to demonstrate fundamental changes after producing a flawed 737 MAX jet and has urged it to recognize "culpability and accountability" from the very top.

Markets

Huawei CFO Meng Wanzhou received death threats in mail, Canada court hears

Huawei Chief Financial Officer Meng Wanzhou received multiple death threats, including bullets in the mail, while under house arrest in Vancouver, a Canadian court heard on Wednesday.

Markets

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu: Report

The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a momentary reprieve to Beijing's top corporates amid a broader crackdown by Washington.

Markets

‘Walkable chair’ makes standing on the job an easier prospect

REUTERS: If you or your employees have a job that requires standing for long periods of time, Japanese startup Archelis may have the device for you. The 'archelisFX' - whose name derives from the Japanese for 'walkable chair' - is a wearable exoskeleton being showcased at this year's CES...

Markets

Gasoline lifts US consumer prices, inflation remains benign

U.S. consumer prices increased solidly in December amid a surge in the cost of gasoline, though underlying inflation remained tame as the economy battled a raging COVID-19 pandemic that has weighed on the labor market and services industry.

Markets

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu: sources

The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a momentary reprieve to Beijing's top corporates amid a broader crackdown by Washington.

Markets

Emirates president says Boeing 777x entry to service may slip to 2023 ‘or even longer’

Emirates Airline President Tim Clark on Wednesday said Boeing Co's 777X might not enter into service with airlines until 2023 or even later, amid uncertainty over the development timeline of Boeing's biggest twin-engine jet and when it will be certified.

Markets

Trump administration shelves plans for investment ban on Alibaba, Tencent, Baidu-sources

The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a momentary reprieve to Beijing's top corporates amid a broader crackdown by Washington.

Markets

US December deficit hits US$144 billion, record for the month

The U.S. government posted a December budget deficit of US$144 billion - a record for the month - due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury Department said on Wednesday.

Markets

WeWork CEO says company on track to be profitable by end of year

WeWork Chief Executive Sandeep Mathrani said Wednesday the co-working firm is "completely on track" to reach profitability by the fourth quarter of this year, and its office spaces in China have nearly bounced back to pre-pandemic levels.

Markets

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