Category: US
-
US ‘underestimates’ Huawei, founder says
Huawei founder Ren Zhengfei has remained defiant towards US moves against his company, saying the US “underestimates” its abilities. Speaking to Chinese state media, Mr Ren downplayed the impact of recent US curbs and said no-one could catch up to its 5G technology in the near future. Last week the US added Huawei to a…
-
Trade war: Trump says no need to rush on China talks
US President Donald Trump has said he is in “absolutely no rush” to finalise a trade agreement with China, hours after the US more than doubled tariffs on many Chinese products. He said bilateral talks, due to resume in Washington later on Friday, were continuing in a very “congenial” way. The US action, a sharp…
-
Boeing didn’t tell airlines that safety alert wasn’t on
Boeing said Sunday that it discovered after airlines had been flying its 737 Max plane for several months that a safety alert in the cockpit was not working as intended, yet it didn’t disclose that fact to airlines or federal regulators until after one of the planes crashed. The feature was designed to warn pilots…
-
‘Miracle’: Plane carrying 143 people crashes into Florida river, but no deaths
A charter plane carrying 143 people and traveling from Cuba to north Florida ended up in a river at the end of a runway Friday night, though no critical injuries or deaths were reported, officials said. A Boeing 737 arriving at Naval Air Station Jacksonville from Naval Station Guantanamo Bay, Cuba, with 136 passengers and…
-
US jobless rate at lowest since 1969
The US unemployment rate dropped to its lowest level for more than 49 years in April, according to official figures. The jobless rate fell from 3.8% to 3.6%, the US Labor Department said, the lowest since December 1969. However, the fall was due to a large number of people – 490,000 – leaving the labour force…
-
Trump pick Stephen Moore drops out of Federal Reserve race
Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views. The US president tweeted that Stephen Moore, “a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process”. It follows weeks of attacks on his…
-
American Airlines extends Boeing 737 Max flight cancellations
American Airlines is extending the cancellation of its Boeing 737 Max 8 flights from June until mid-August. The move is to “provide confidence” to customers during the peak summer travel season, the airline said in a letter. Last month, 737 Max aircraft were grounded worldwide following fatal crashes involving Ethiopian Airlines and Indonesia’s Lion Air.…
-
Sub-Saharan economic growth recovery to take longer – World Bank
—
by
The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday. The commodity price slump of 2015 cut short a decade of rapid growth for the region, and the bank said growth would take longer to recover as a decline in…
-
A Boeing 737 Max 8 made an emergency landing after an engine problem
—
by
A Boeing 737 Max 8 aircraft from the fleet that was grounded after two deadly crashes made an emergency landing in Florida on Tuesday. No passengers were aboard Southwest Airlines Flight 8701, which was being ferried from Orlando International Airport to Victorville, California, for short-term storage during the grounding, the airline said. Just before 3…
-
Airbus scraps A380 superjumbo jet as sales slump
European aircraft manufacturer Airbus has pulled the plug on its struggling A380 superjumbo, which entered service just 12 years ago. Airbus said last deliveries of the world’s largest passenger aircraft, which cost about $25bn to develop, would be made in 2021. The decision comes after Emirates, the largest A380 customer, cut its order. The A380…