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At London youth event, Obama pushes diplomacy over force

  LONDON / AP President Barack Obama on Saturday urged the next generation of British leaders to give serious thought to how they solve problems, turning a light-hearted question about priorities for his successor into a treatise on his preference for diplomacy over military conflict. Obama said keeping US citizens safe is his top priority and he suggested that it ...

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Separate US shootings in two states leave 13 dead

  Washington / AFP Eight members of one family, including a teenager, were shot dead in rural Ohio, just before gunmen killed five people in Georgia. In Ohio, seven bodies were found at three houses close to eachother and an eighth was later found at a separate site, Sheriff Charles Reader told reporters. The victims were “all adults except for ...

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S Sudan rebel chief to miss int’l deadline to return

  Juba/ AFP South Sudan rebel chief Riek Machar eas expected to miss an international deadline on Saturday to return to the capital to take up the post of vice president, the government said, with his arrival now expected next week. UN chief Ban Ki-moon has urged Machar to return to Juba “without delay”, while the US, Britain and Norway—key ...

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S African leftist leader threatens violence to oust Jacob Zuma

  Johannesburg / AFP The firebrand head of South Africa’s radical opposition Economic Freedom Fighters, Julius Malema, has warned he could seek to remove the government “through the barrel of a gun.” “We are not scared of the army. We are not scared to fight. We will fight,” he told the pan-Arab Al-Jazeera network in an interview to be broadcast ...

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Boeing wooing Southwest, Delta with 737 Max revamp

  Bloomberg Boeing Co. is pitching some of the largest US airlines on a potential upgrade of its smallest 737 Max as it battles Airbus Group SE and Bombardier Inc. for lucrative single-aisle jet orders, people familiar with the matter said. The US planemaker is studying a potential redesign that would lengthen the frame and range for the 737 Max ...

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United beats estimates with cheaper fuel

  Bloomberg United Continental Holdings Inc.’s first-quarter profit exceeded analysts’ estimates as tumbling oil prices handed the carrier a break on fuel costs. Adjusted earnings fell to $1.23 a share, the airline said in a statement. That topped the $1.18 average of 15 estimates compiled by Bloomberg. Sales declined 4.8 percent to $8.2 billion, matching analysts’ expectations. The Chicago-based carrier ...

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South Africa’s Steinhoff raises Darty stake to 20.4 percent

  JOHANNESBURG / Reuters South Africa’s Steinhoff has increased its stake in Darty to 20.4 percent, it announced after a frantic bidding war with French rival Fnac for Europe’s third-largest electric goods retailer. Five new offers in less than 24 hours lifted Darty shares by more than 23 percent this week to their highest since the end of 2010 and ...

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US FAA orders fix for GE engines

  NEW YORK / Reuters The US aviation regulator has ordered an urgent fix for General Electric engines on upto 150 Boeing 787 Dreamliners, a step to avoid engine failure in icy conditions. The Federal Aviation Administration (FAA) said it was requiring modifications to prevent fan blades from rubbing against the engine casing, which can cause “damage and a possible ...

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Norwegian Air focusses on long-haul growth as A320Neos delayed

  Bloomberg Norwegian Air Shuttle ASA is seeking US backing for an expansion of its UK-based long-haul operations that would allow the discount carrier to offer services such as South Africa to New York via London. A successful outcome following an application to the US Department of Transportation could lead Norwegian Air to exercise an option to buy 10 more ...

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America’s wealth effect from rising home prices cut in half

  Bloomberg The U.S. consumer might be the engine of global growth — just not the roaring V12 it used to be. From the fourth quarter of 2003 through 2006, amid the real estate bubble, personal consumption expenditures grew at an average annual clip of 3.5 percent. Since the S&P/Case-Shiller Composite 20-City Home Price Index bottomed out in March 2012, ...

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