Stakes rise for Boeing as EU, Canada step up scrutiny

ADDIS ABABA/PARIS (Reuters) – Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people. FILE PHOTO: A man watches debris at the scene of […]

Oil eases on economic worries, but OPEC-led cuts support

SINGAPORE (Reuters) – Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on […]

Amazon's second headquarters faces new blocks in Virginia funding vote

WASHINGTON (Reuters) – Amazon.com Inc’s plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million. People move about in front of the rostrum before a news conference about […]

Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash

WASHINGTON/PARIS/ADDIS ABABA (Reuters) – Boeing Co’s 737 MAX 8 and 9 planes will be grounded for weeks if not longer until a software upgrade can be tested and installed, U.S. lawmakers said on Thursday, as officials in France prepare to begin analyzing the black boxes from a jet that crashed in Ethiopia. Boeing said it […]

U.S. will not suspend Boeing 737 MAX planes; discussion on black box analysis

WASHINGTON/ADDIS ABABA (Reuters) – The U.S. aviation regulator said on Tuesday it would not ground Boeing Co 737 MAX planes after a crash in Ethiopia that killed 157 people, bucking a trend of countries around the world that have suspended the aircraft’s operations. U.S. and Ethiopian aviation safety officials discussed on Tuesday whether the flight […]