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US approves inspection program to return Boeing 737 MAX to service
US approves inspection program to return Boeing 737 MAX to service
Economy
by  AFP

US regulators approved a detailed inspection framework that would allow the return to service of Boeing 737 MAX planes grounded after an emergency landing earlier this month, officials said Wednesday. Shortly after the Federal Aviation Administration announced inspection protocols on the Boeing 737 MAX 9, United Airlines said it expects grounded aircraft to return to service starting Sunday.

Clean energy largest driver of Chinese GDP growth in 2023: report
Clean energy largest driver of Chinese GDP growth in 2023: report
Economy
by  AFP

Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released Thursday. These sectors received $890 billion in investment, almost as much as the total global investment in fossil fuels last year, CREA researchers said.

Tesla sees slower 2024 volume growth as earnings miss estimates
Tesla sees slower 2024 volume growth as earnings miss estimates
Economy
by  AFP

Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company's earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes.

Brazil town still feels trauma of mine dam collapse five years on
Brazil town still feels trauma of mine dam collapse five years on
Economy
by  AFP

Nathalia de Oliveira, an intern at Brazilian mining giant Vale in the town of Brumadinho, was talking on the phone with her husband when she noticed a rush of birds overhead and felt the ground shake. Little remains of the once bustling neighborhoods around the mine in Brumadinho, an iron-belt town of 40,000 people.

Spurs tycoon Lewis pleads guilty to insider trading: prosecutor
Spurs tycoon Lewis pleads guilty to insider trading: prosecutor
Economy
by  AFP

The billionaire British former owner of Premier League side Tottenham Hotspur, Joe Lewis, pleaded guilty to insider trading in a US federal court on Wednesday, a prosecutor said. His holding company ENIC bought a controlling interest in Tottenham Hotspur Football Club in 2001 from then-owner Alan Sugar, another prominent British tycoon, for $22 million.

Biden wins US auto union backing, in boost against Trump
Biden wins US auto union backing, in boost against Trump
Economy
by  AFP

US President Joe Biden won the coveted election endorsement of America's biggest car workers union Wednesday, in a major boost to his battle with Donald Trump for the crucial blue-collar vote. Democrat Biden has relentlessly courted the union vote and appeared on a United Auto Workers (UAW) picket line last year during a strike against the big three US car giants.