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Lawmakers slam Boeing CEO’s 737 Max testimony

Bloomberg Boeing Co’s chief executive officer didn’t provide complete testimony last week on the 737 Max, and congressional investigators are continuing their probe of the troubled jetliner, two House leaders said in a letter to other lawmakers. Boeing’s Dennis Muilenburg, who endured hours of grilling by members of the House Transportation & Infrastructure Committee on October 30, left “a lot ...

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US brands may see broad boycott in China Singles’ Day

Bloomberg US brands may see a broad boycott at the world’s biggest shopping event this year as tensions between the US and China over everything from tariffs to technological dominance simmer. More than three-quarters of Chinese consumers surveyed said they’ll reconsider buying from American companies during the Singles’ Day shopping event on November 11, according to a report released last ...

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Shoprite chief Wiese re-elected despite backlash from investors

Bloomberg Shoprite Holdings Ltd reappointed Christo Wiese as chairman even after ordinary shareholders resoundingly voted against his re-election as a non-executive director. Holders of more than 61% of the shares opposed his reappointment, Africa’s biggest grocer said after its annual general meeting in Cape Town. The former billionaire only secured another term thanks to his own superior voting rights. “We ...

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