Tuesday 24 December 2019

Brash Uber co-founder Kalanick leaves board to focus on industrial kitchens

Reuters.com Newsletter

Brash Uber co-founder Kalanick leaves board to focus on industrial kitchens

Travis Kalanick, the pugnacious co-founder of Uber, has severed his last ties with the ride-services company, resigning from the board and selling all his shares as he turns his focus to a new venture creating "ghost kitchens" for food delivery services.

New Boeing 737 MAX documents show 'very disturbing' employee concerns: U.S. House aide

Boeing Co documents under review by a U.S. congressional panel appear to point to a "very disturbing" picture of commentary from the planemaker's employees over the grounded 737 MAX aircraft, a congressional aide said on Tuesday.

New Boeing CEO Calhoun is hardened corporate crisis manager

Beleaguered Boeing Co is putting its future in the hands of a turnaround veteran who has led several companies in crisis, cut his teeth at engine maker General Electric Co and has spent a decade on the board of the world's largest planemaker.

Global stocks hover near record highs, gold breaches $1,500

Gold surged past $1,500 an ounce and a gauge of global equity markets hovered near record highs on Tuesday in a year-end rally spurred by hopes of a U.S.-Sino Phase 1 trade deal and as China's latest policy easing pledge added to investor optimism.

Oil rises on supply cut pledges and slow return of Gulf field

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue and amid optimism that the United States and China could finalize a trade agreement.

S&P 500, Dow pause near records in Christmas Eve trade

The S&P 500 and the Dow industrials slipped in a shortened, pre-Christmas session on Tuesday, as investors paused after a record-setting rally fueled by improving U.S.-China trade relations that has put the market on course for its best year since 2013.

After Ethiopia crash, victims' relatives say they were hounded by U.S. law firms

Days after the March 10 crash of a Kenya-bound Ethiopian Airlines' Boeing jet that killed all 157 people on board, strangers began calling or visiting bereaved families, saying they represented U.S. law firms.

Trump says he and Xi will sign China trade deal

U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month.

Mexican businesses worry tweak to USMCA trade deal could slow exports

Mexican businesses are concerned that a tweak to dispute resolution mechanisms under a new North American trade deal could be used to stifle exports, top industry associations say.

Hyundai suspends Chilean bridge project in row with government

Chile's finance minister has sought to downplay a row between the government and the construction and engineering arm of South Korean giant Hyundai over a $740 million suspension bridge, saying disputes in such mega projects were "quite common".

New Boeing boss faces EU pressure over Embraer tie-up: sources

As Boeing's new boss tackles the immediate crisis over its grounded 737 MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil's Embraer - seen as key to its longer-term strategy.

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