Tuesday 12 March 2019

EU suspends Boeing 737 MAX flights after Ethiopia crash

EU suspends Boeing 737 MAX flights after Ethiopia crash

The European Union's aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX planes in the biggest setback yet for the U.S. planemaker following a crash in Ethiopia that killed 157 people.

Factbox: Boeing 737 MAX 8 groundings spread across the globe

Major European nations, including Britain, Germany and France, joined a wave of suspensions of Boeing Co's 737 MAX aircraft on Tuesday following the latest fatal crash involving the jet.

U.S. Senate to hold hearing on Boeing 737 MAX 8 crashes

The head of a U.S. Senate panel that oversees aviation issues said on Tuesday that he plans to hold hearings on the fatal crashes of two Boeing 737 MAX 8 jets since October, and suggested it would be "prudent" to temporarily ground the planes.

U.S. SEC wants to respond to Elon Musk's defense of Tesla tweet

The top U.S. securities regulator on Tuesday sought permission from a judge to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicle maker's production volume did not violate his fraud settlement with the government.

Deal or no deal, U.S.-China trade talks may finish in weeks: Lighthizer

The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, U.S. Trade Representative Robert Lighthizer said on Tuesday.

T-Mobile, Sprint chiefs to defend deal on Capitol Hill, again

The chief executives of T-Mobile US Inc and Sprint Corp, which are seeking to merge, testify on Capitol Hill on Tuesday to defend their planned $26 billion deal.

Oil edges higher on cuts to Saudi exports

Oil prices edged slightly higher on Tuesday, supported by signs of tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the U.S. government reduced its forecast for domestic crude output growth.

U.S. airlines stand by 737 MAX as some customers, nations reject it

The three U.S. airlines using Boeing Co's 737 MAX continued to stand by the aircraft on Tuesday, even as some customers, unions and politicians questioned its safety after an increasing number of countries banned the plane following a fatal crash in Ethiopia.

Russia's S7 Airlines grounds Boeing 737 Max 8 planes

Russian S7 Airlines said on Monday it would ground Boeing 737 Max 8 airlines starting from Wednesday following the crash of an Ethiopian Airlines plane.

S&P 500, Nasdaq gain after tame inflation data; Boeing weighs on Dow

The S&P 500 and Nasdaq rose on Tuesday after tame inflation data supported the Federal Reserve's dovish stance on rate hikes, but the Dow was down as Boeing's shares extended sharp losses from the day before.

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