Friday, 19 February 2021

U.S. FAA tracking all Boeing 737 MAX airplanes via satellite data

U.S. FAA tracking all Boeing 737 MAX airplanes via satellite data

The U.S. Federal Aviation Administration (FAA) said on Friday it is tracking all Boeing 737 MAX airplanes using satellite data under an agreement with air traffic surveillance firm Aireon LLC.

Volkswagen in Mexico to suspend Jetta production on Monday and Tuesday

Volkswagen's Mexico unit said on Friday that a work stoppage on its Jetta model will continue on Monday and Tuesday, due to an ongoing shortage of natural gas.

Shares edge up as cyclical stocks provide support; yields rise

A gauge of global equity markets snapped a 3-day losing streak to edge higher on Friday as investors sold technology shares and rotated into economically-sensitive cyclical stocks in anticipation the U.S. economy will boom on pent-up demand once the coronavirus pandemic is subdued.

Undeterred by Facebook news blackout, Australia commits to content law

Australian Prime Minister Scott Morrison vowed on Friday to press ahead with laws to force Facebook Inc to pay news outlets for content, saying he had received support from world leaders after the social media giant blacked out all media.

U.S. sees Facebook dispute as a matter between companies and Australia -State Dept

The United States considers Australia's dispute with Facebook Inc a business negotiation between private companies and the Australian government, the U.S. State Department said on Friday.

U.S. House Democrats advance $1.9 trillion COVID-19 aid bill

President Joe Biden's push for a $1.9 trillion COVID-19 relief bill took a step forward on Friday as a U.S. House of Representatives committee unveiled the legislation Democrats hope to pass by late next week.

Citigroup lets Texas staff shelter in offices from cold snap

Citigroup Inc's employees in Texas can take shelter in the company's offices, a company executive said on Friday, as the U.S. state battles a severe winter storm that caused blackouts and disrupted water services.

Petrobras CEO fights pressure from Brazil's Bolsonaro to resign, sources say

State-led oil company Petrobras' board is set to meet on Tuesday as its chief executive faces pressure from Brazilian President Jair Bolsonaro to resign amid a disagreement over fuel price policies, sources told Reuters on Friday.

Oil extends losses as Texas prepares to ramp up output after freeze

Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.

Bitcoin hits $1 trillion market cap, surges to fresh all-time peak

Bitcoin touched a market capitalization of $1 trillion as it hit yet another record high on Friday, countering analyst warnings that it is an "economic side show" and a poor hedge against a fall in stock prices.

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