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Monday, October 21, 2019

World Business

Boeing has a problem, travellers would pay more to avoid 737...

The 717 MAX is now 'aeroplane non grata'.

Fallout from Trump’s trade wars felt by economies around the world

Grim tales of suffering heard from Iceland fjords to Japanese auto factories.

IMF chief says building ‘peer pressure’ to follow trade rules

Problems go beyond bilateral disagreements.

Yuan level appropriate, says China central banker

Yuan depreciation driven by market forces.

China, US make progress on trade deal

Trump says he hopes to sign an agreement with his Chinese counterpart at the APEC summit next month.

Facebook to use humans instead of algorithms to display news

Aside from human-curated top news, Facebook will still rely on algorithms to figure out a user's interests.

China’s sneakerheads chase 6,600% returns flipping Air Jordans

China’s sneaker-resale market exceeds US$1 billion in value.

European governments move to veto Facebook’s Libra

Officials say they want to block the currency outright.

Boeing pilots saw MAX system problems in 2016 simulator tests

The flight-handling mechanism believed to be involved in 2 MAX crashes that killed 346 people.

J&J recalls lot of baby powder after asbestos trace found

The FDA recommended consumers stop using the lot immediately and contact J&J for a refund.

Coca-Cola profits go up thanks to Coke Zero

Results also boosted by increased sales of smaller 7.5 ounce mini-cans.

Samsung confirms glaring fingerprint defect with its Galaxy S10

Tech giant acknowledges major access flaw in phone’s unlocking sensors.

China halts shipments of black clothing into Hong Kong

Masks, bulk orders of umbrellas, sticks also barred.

China stocks plunge to its lowest in a month

Shanghai index has fallen for 4 straight days, the longest streak since Aug 7.

Secret affair spurred US$45 mil fraud, says ex-Credit Suisse banker

Andrew Pearse is testifying on his role that enabled Mozambique to borrow billions for dubious projects.

Rocket car attempts 1,000mph land speed record

Bloodhound LSR uses Rolls-Royce EJ200 jet engine, usually found in Eurofighter plane.

China plans police retirement base for HK cops

Mainland site in Zhaoqing ‘aims to provide a high quality life with low cost’.

Cathay slashes earnings outlook as passengers shun Hong Kong

Airline is expecting major decline in inbound bookings for the rest of 2019.

Apple’s Cook in China for investment talks, after pulling HK app

Tech giant boss had defended the removal against criticism firm was appeasing Beijing.

US slaps tariffs on European wine, whisky, Airbus 

France warns Washington to brace for retaliation.

Qantas set to test longest non-stop flight

19-hour journey from New York to Sydney dubbed ‘final frontier in aviation’.

Zuckerberg defends Facebook’s hands-off policy for politicians

The CEO sees Facebook and other social platforms as a positive force in worldwide democracy.

Boeing’s Lion Air crash lawsuits may move to Indonesia

The airline company says it plans to make a formal request for a venue change.

Saudi Aramco delays IPO

Aramco is expected to announce its IPO plan early next week, with a potential US$20 billion raise.