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China’s credit surged in Jan before virus

Bloomberg China’s overall credit growth surged in January, before the extended Lunar New Year holiday due to the coronavirus outbreak curtailed economic activity across much of the country. Aggregate financing increased 5.07 trillion yuan ($723 billion) last month, the highest since the current data series started in 2017. The median estimate was 4.2 trillion yuan. The stock of outstanding aggregate ...

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Boeing’s failure to fix 737 Max cockpit light may draw penalty

Bloomberg Boeing Co engineers discovered in 2017 that a software glitch had rendered a warning light on the newly introduced 737 Max inoperable on 80% of the planes. But the company chose not to fix it or to inform US regulators. The next year, a Lion Air jet suffered the malfunction the alert was designed to detect and crashed in ...

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Ethiopia plans only interim 737 Max report amid probe

Bloomberg An interim report into the deadly Boeing Co 737 Max crash in Ethiopia that led to the grounding of the US company’s top-selling model is set to be released in time for the first anniversary of the tragedy. The report will be published by March 10, Ethiopian Transport Ministry spokesman Musie Yehyies told Bloomberg. The decision not to release ...

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