Economy
Boeing probed in US over possible falsified records on 787
US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the agency said.
EU ready for 'tough decisions to protect economy', von der Leyen tells China
European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China. "Europe will not waver from making tough decisions needed to protect its economy and its security," she said.
EU clears Nippon buyout of US Steel opposed by Biden
The European Union on Monday approved the $14 billion takeover of major American manufacturer US Steel by Japan's Nippon Steel, which US President Joe Biden has opposed. Biden earlier this year opposed the deal because he said it was vital for US Steel "to remain an American steel company that is domestically owned and operated".
EU election could force sharp turn in electric car policy
A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles.
Europe's auto suppliers reach the end of the road
Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. "Brakes or heat pumps, it's all the same to me," said Karaca, whose two parents both worked for Continental at the factory.
Indonesia first-quarter growth boosted by election, holiday spending
Indonesia's economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed Monday. Government estimates had projected growth of 5.17 percent but experts warned Jakarta's official data might not be reliable to judge economic performance.
Asian markets build on rally as US jobs data boost rate cut hopes
Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
Hollywood star Ferrell invests in Championship club Leeds: reports
Hollywood star Will Ferrell has become the latest celebrity to invest in Championship club Leeds, according to reports on Sunday. Welsh club Wrexham, recently promoted to the third tier, are owned by fellow actors Ryan Reynolds and Rob McElhenney, who started a recent trend of celebrities investing in British teams.
France probes TotalEnergies over 2021 Mozambique attack
French prosecutors said Saturday they were investigating oil giant TotalEnergies for possible involuntary manslaughter in connection with a 2021 jihadist attack in Mozambique that killed hundreds. The French investigation also seeks to establish whether TotalEnergies is guilty of non-assistance to people in danger, prosecutors said.
Economy
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