Washington / AFP Aviation giant Boeing said it was cutting production of its 777 aircraft to five a month from seven due to slackening demand, in a move that will impact jobs. The announcement followed the manufacturer’s clinching of a $17 billion dollar deal on Sunday to sell 80 jetliners, including the 777, to Iran, the first such agreement ...

  Bloomberg ANA Holdings Inc. has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy. ANA has a 49 percent stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer of Japan’s largest airline, said in an interview ...

  Milan / AFP Italy’s biggest bank, UniCredit, announced plans on Tuesday to slash 14,000 jobs and raise billions of euros in fresh capital as the country gets to grips with political instability and a banking crisis. The bank, one of the worst performers in European bank stress tests, confirmed it would need to seek 13 billion euros ($13.8 bn) ...