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Corporate News 12 Mar 2019 | 11:17 PM

US will not ground Boeing 737 MAX planes after Ethiopia crash

WASHINGTON/ADDIS ABABA: The U.S. aviation regulator said on Tuesday it would not ground Boeing 737 MAX planes after a crash in Ethiopia which killed 157 people, bucking a trend of countries around the world that have suspended the aircraft's operations.

Corporate News 03 Dec 2018 | 10:45 PM

Lion Air ponders canceling Boeing jets in row over crash

PARIS/JAKARTA: Indonesia's Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out canceling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October.

Corporate News 19 Oct 2017 | 11:15 PM

Could the 1987 stock market crash happen again?

NEW YORK: On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.

Markets 30 Oct 2018 | 12:00 AM

Chopper crash puts Thai billionaire clan on spotlight

BANGKOK: The helicopter crash that killed Thai billionaire and Leicester City soccer club chairman Vichai Srivaddhanaprabha puts the spotlight on the clan that helps run a duty-free business empire built over almost three decades.

Business 10 Jul 2015 | 12:00 AM

Market crash sparks calls for super-regulator

SHANGHAI: Chinese stock traders want Beijing to create a super-regulator to take over the investor relations and communication duties of existing regulators, which they say have co-ordinated poorly in their handling of the country’s stock market crash.

Corporate News 30 Nov 2018 | 12:40 AM

Boeing eyes Lion Air crash software upgrade in 6-8 weeks

SEATTLE/PARIS: Boeing Co is weighing plans to launch a software upgrade for its 737 MAX in six to eight weeks that would help address a scenario faced by the Lion Air crew during last month's deadly crash in Indonesia, two people briefed on the matter said on Thursday.

Corporate News 12 Mar 2019 | 12:00 AM

Boeing in crisis as second 737 crash in months grounds flights

BEIJING: Boeing Co chief executive officer Dennis Muilenburg faces his biggest crisis yet following the second deadly crash of a 737 Max airliner, prompting airlines to ground the best-selling narrow-body and threatening to end Boeing’s three-year stock rally.

Business 18 Sep 2018 | 12:00 AM

Ignoring crash, bitcoin tracking pioneer loads up full basket

STOCKHOLM: Undaunted by the crash in cryptocurrencies, the company that created the first exchange traded bitcoin trackers now wants to offer a whole basket of digital currencies to bet on.

Auto 01 Jun 2018 | 10:42 PM

Honda confirms Takata air bag rupture in fatal Malaysia crash

A Takata air bag inflator ruptured in a fatal car crash earlier this week in Malaysia, Honda Motor Co said on Friday, in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments

Business 23 May 2013 | 10:40 AM

Japan stocks crash on volatile bonds, weak China data; Nikkei ends down 7.3%

TOKYO: Japan stocks crash on volatile bonds, weak China data; Nikkei ends down 7.3%