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Deutsche Bank’s US dreams to be unraveled in revamp

Bloomberg A little over two decades ago, Deutsche Bank AG set out to become a Wall Street giant. Its CEO Christian Sewing will probably pull the plug on that dream for good soon. Sewing is poised to unveil the biggest job cuts programme in the bank’s history, including a major retreat across its briefly held US empire, people familiar with ...

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Boeing 737 Max’s autopilot has problem, reports EASA

Bloomberg Europe’s aviation regulator has outlined five major requirements it wants Boeing Co to address before it will allow the planemaker’s 737 Max to return to service, according to a person familiar with the matter. One of them, about the jet’s autopilot function, hasn’t surfaced previously as an area of concern. The European Union Aviation Safety Agency (EASA) has sent ...

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Modi renews vow to sell Air India after last attempt flopped

Bloomberg India will revive plans to sell Air India Ltd, after an attempt to partially exit the loss-making carrier failed to find a single buyer last year. The high-profile divestment would be part of PM Narendra Modi’s efforts to raise $15.3 billion selling stakes in state-run companies, finance minister Nirmala Sitharaman said in her budget speech. The administration will also ...

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