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Vitol launches new business – Vava Cars
NEW YORK: U.S. stocks rose sharply on Monday, recovering from declines in the previous session, as investors viewed more fiscal stimulus as likely and after news President Donald Trump will leave the hospital where he is being treated for COVID-19.
ALBERTA: Canadian oil and gas stocks never really recovered from the global financial crisis. They had a bounce in 2009 as the economy improved, but a surge in US shale production sparked another crash in 2014.
JAKARTA: The founders of Indonesia’s PT Lion Mentari Airlines are planning to start a new airline, according to people familiar with the plan, a development that could aid the carrier’s efforts to move beyond one of aviation’s biggest disasters.
SEATTLE/WASHINGTON: Federal Aviation Administration (FAA) Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a milestone for the jet to win approval to resume flying after two fatal crashes.
Long short-selling ban delights mom-and-pop buyers
LONDON: The UK and European Union are starting a key week of Brexit talks, with the bloc stiffening its demands over how any trade deal will be enforced after losing trust in Boris Johnson because of his attempt to rewrite last year’s divorce agreement.
OSLO: Oil rig operator Borr Drilling Ltd has agreed with lenders to postpone the deadline for repayment of some of its debt, and aims to raise capital through equity as it seeks to overcome a demand slump, the company said late Tuesday.
DUBAI: Creditors have started to enforce claims against Abu Dhabi-based Al Jaber Group, in a dispute triggered by a construction downturn in the United Arab Emirates more than a decade ago.
SEATTLE/MONTREAL/CHICAGO: The U.S. aviation regulator should require new cockpit procedures for Boeing Co's 737 MAX to help pilots disable an erroneous stall alert that could be a serious distraction during mid-flight emergencies, the world's largest pilot union said on Monday.