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Boeing sued for 737 Max-related losses

Bloomberg An Irish company that buys and leases airplanes sued Boeing Co. in the US to void contracts for almost two dozen 737 Max aircraft and to demand at least $185 million in damages, citing design flaws that led to two deadly crashes. Timaero Ireland Ltd., based in Dublin, sued Boeing in federal court in Chicago, alleging fraud and breach ...

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US, China arranging signing of trade pact, says Trump

Bloomberg The US and China are arranging the formal signing of the first phase of a broader trade deal between the world’s two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping. “Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchases ...

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Ajman OKs AED1.72b budget for fiscal 2020

AJMAN / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued Emiri Decree No. 10 of 2019, passing the Ajman Government General Budget for the fiscal year 2020. The value of the budget (without deficit) totals AED1.752 billion. According to HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman ...

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