KUWAIT/ AFP Kuwait and Italy will finalise a multi-billion-euro deal next week for the Gulf state to purchase Eurofighter jets, Kuwait’s defence minister has said. Sheikh Khaled Jarrah Al-Sabah did not specify the number of planes involved in the deal but the Eurofighter consortium said in September that Kuwait had agreed to buy 28 fighter jets. “Italian Defence Minister Roberta ...

New York / AFP US aerospace giant Boeing’s shares dived amid speculation that regulators are investigating its accounting for its 787 and 747 aircraft. In midday trade, shares in the Dow member were down about 10 percent at $104.44. The Securities and Exchange Commission (SEC) has opened a probe on Boeing’s profitability forecasts for the long-haul 787 and 747 jetliners, ...

Mexico / Bloomberg Wal-Mart de Mexico SAB, a bright spot for its struggling US-based parent company, will benefit this year as a weak peso spurs an increase in remittances while inflation remains in check, Chief Financial Officer Pedro Farah said. Latin America’s biggest retailer also plans to invest more in e-commerce and sell non-core businesses such as its Suburbia apparel ...