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Boeing’s 777X jetliner successfully completes maiden flight

Boeing Co successfully staged the first flight of the world’s largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX.

Coronavirus: Could it damage the global economy?

Inevitably, it will have economic consequences. But how severe and how far will they [...]

Electric vehicle maker Rivian: expect prices lower than previously announced

Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced.

Boeing 777X jetliner successfully completes maiden flight

Boeing Co on Saturday successfully completed the maiden flight of the world’s largest twin-engined jetliner, the 777X.

Boeing’s 777X jetliner takes off on maiden flight

Boeing Co began the maiden flight on Saturday of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus in a respite from a crisis over its smaller 737 MAX.

Walmart testing higher minimum wage for some employees

Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.

EU plans more protectionist antitrust rules, data sharing in policy shake-up

The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows.

Fashion retailer H&M says data protection breaches unacceptable

Fashion retailer H&M said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter.

Brexit: US ‘wants to reach trade deal with UK this year’

The US’s treasury secretary says he is “optimistic” a deal can be reached with the UK this [...]

Harry and Meghan: Hagan Homes apologises over housing ads

Hagan Homes says its homes “fit for part-time royalty” campaign was intended to be [...]

Fraud victims ‘failed’ as criminals ‘operate with impunity’ – report

A review into the handling of fraud cases finds forces have “not kept pace” with the rise in [...]

Financier doubts add to Boeing’s MAX headaches

To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.

FAA tells U.S. airlines it could approve MAX return to service before mid-year -sources

Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX’s return to service before mid-year – a faster time frame than the planemaker suggested this week, people briefed on the calls said.

U.S. senator slams Tesla’s ‘misleading’ name for Autopilot driver assistance system

A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has “an inherently misleading name” and is subject to potentially dangerous misuse.

Explainer: Bezos allegations put phone hacking technology in the spotlight

Allegations that Amazon.com boss and Washington Post owner Jeff Bezos had his phone hacked by Saudi Crown Prince Mohammed bin Salman have put a spotlight on the security of smartphones and the secretive tools used to hack them.

Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme

The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme.

Thought for the weekend

When public life gets too [...]

Starbucks shuts shops, suspends delivery in China’s Hubei amid virus outbreak

Starbucks has closed all shops and suspended delivery services in China’s Hubei province for the week-long Lunar New Year holiday, where a coronavirus outbreak originated from its capital Wuhan has caused 41 deaths in China.

Zimbabwe’s central bank acts on currency ‘manipulators’

Street value of the country’s currency fell by a tenth this [...]

The next bust may not come soon, but it will hurt

Era of central bank intervention has not ended the credit [...]

Home sellers risk losing money over quick sales

Trading Standards warns homeowners to be careful when using quick-sale estate [...]

Trump speaks with British PM Johnson about telecoms security: White House

U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a decision on Huawei’s role in the country’s future 5G network.

Fiat Chrysler asks U.S. court to toss out GM racketeering claims: filing

Fiat Chrysler Automobiles NV on Friday urged a federal judge to throw out a General Motors Co’s lawsuit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multibillion dollar labor cost disadvantage.

New U.S. curb on Huawei in limbo amid pushback from Pentagon: sources

The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said.

Davos 2020: US confronts rest of world over growth outlook

Diverging views on prospects for global economy on show at annual Swiss [...]

Wall Street Week Ahead: Hopes are high for tech stock ‘Cadillacs’; so are their prices

Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.

Former top U.S. general Dunford joining Lockheed Martin’s board

The former top U.S. military official, General Joseph Dunford, has been elected to the board of Lockheed Martin Corp , the Pentagon’s largest weapons supplier, the company said on Friday.

U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources

The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday.

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo, culminating on Thursday in more than$58 million in fines against eight former executives at the bank.

Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds.

Bayer faces fourth U.S. Roundup cancer trial in Monsanto’s hometown

Bayer AG is set to face a fourth U.S. jury trial over allegations that its Roundup weed killer causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to begin making their case on Friday.

The S&P 500 has worst day since October as virus fears mount

Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500′s worst week in six months.

Habit Burger Grill plans to offer Impossible plant-based patty

The Habit Restaurants Inc , known as the Habit Burger Grill, plans to put a plant-based meat patty from Impossible Foods Inc on its menu in the second half of this year as a limited-time offering.

Davos 2020: Quarrels, but little consensus

The World Economic Forum at Davos produced rows over climate change and trade, but little [...]

‘Beales failure would be disaster for my business’

Ian Siddall says the troubled department store owes him £25,000 for thousands of [...]

Impossible or Beyond: U.S. restaurants find partners to go vegan

The world’s largest burger chain McDonald’s Corp said this month that it would expand its test of a plant-based meat product with Beyond Meat patties in Canada, and other chains also are looking to serve vegan customers.

Digging for dirt with the Davos plumbers

At this Alpine jamboree, world leaders cannot be bugged by anyone [...]

Boeing delays 777X first flight again due to bad weather

Boeing has postponed again the first flight of its 777X long-haul jetliner that was scheduled to take place on Friday due to inclement weather.

Brent logs worst weekly loss in a year as China virus fears swell

Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world’s second-largest oil consumer, curbing travel and oil demand.

China virus fears spook U.S. shares, oil prices

U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand.

Stress index sinks to new low as Fed sedates markets

Measure tracked by St Louis Fed drops to lowest level on records going back to [...]

Watching the service sector

Mike Mackenzie’s daily analysis of what’s moving global [...]

Boeing: US regulator FAA ‘pleased’ with 737 progress

The plane has been grounded since March 2019 after two fatal [...]

Dollar dips vs yen as investors reach for safe havens on virus scare

The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand.

FAA official tells U.S. airlines MAX could return to service before mid-year: sources

Federal Aviation Administrator Steve Dickson has called senior U.S. airline officials Friday and told them that the agency could approve the grounded Boeing 737 MAX’s return to service before mid-year, people briefed on the calls said Friday.