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Boeing 737 Max’s Europe flight test process on hold

Bloomberg Travel restrictions brought on by the Covid-19 pandemic continue to slow the re-certification process for Boeing Co’s 737 Max in Europe, even after US aviation regulators moved a step closer to allowing the grounded jet to fly again. The European Union Aviation Safety Agency said it’s still working with Boeing and the US Federal Aviation Administration to find a ...

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Creditors at odds over Seven & i deal

Bloomberg The debt market is showing concern about Seven & i Holdings Co’s $21 billion deal to buy Marathon Petroleum Corp’s gas-station business, even as equity investors grew more positive on the purchase. The credit rating of the world’s largest convenience store operator was cut by Moody’s Investors Service from A1 to A2, the sixth-highest level, citing “an expected spike ...

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Desperate search for Beirut blast survivors with 100 dead

Bloomberg Army personnel and rescue workers sifted through mountains of rubble from a massive explosion that flattened Lebanon’s main port, looking for survivors from a blast that roared through the capital, Beirut, killing at least 100 people and wounding thousands more. Authorities appealed to other countries for emergency aid as concerns over food supply in the import-dependent nation mounted. Officials ...

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