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Boeing jumps after FAA clears repair plan for return of 737 Max

Bloomberg Boeing Co jumped after regulators signed off on repairs that would end a temporary grounding of newer 737 Max models, clearing the way for the planemaker to resume deliveries of a jetliner crucial to its financial turnaround. The planemaker sent two service bulletins to 737 Max operators, providing instructions to repair a flight-deck electrical issue that sidelined 106 Max ...

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Vietnamese agency seeks airport in disputed island

Bloomberg Vietnam’s Civil Aviation Authority is proposing the construction of an airport in the disputed Spratly Islands, Thanh Nien newspaper reported. The aviation agency seeks to include a Spratlys airport in the transport ministry’s 2021-2030 master plan, Thanh Nien reported, citing the proposal sent to the ministry. The aviation agency’s May 10 proposal also includes airports on non-disputed islands of ...

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Canada Goose falls on spending plans

Bloomberg Parka maker Canada Goose Holdings Inc struck an upbeat tone for the coming year, with plans to add 10 stores, launch a footwear line and spend more on marketing, all while forecasting record revenue. With no tourism recovery in sight and spending plans putting pressure on margins, investors flinched. The Toronto-based company reported fourth-quarter earnings that beat analysts’ forecasts, ...

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New DUP leader calls for unity in fight for Brexit protocol

Bloomberg Edwin Poots, the newly elected leader of Northern Ireland’s Democratic Unionist Party (DUP), called on his supporters to fight against a Brexit deal that has angered unionists and given fresh impetus to calls for a united Ireland. Poots’s victory over rival Jeffrey Donaldson by 19 votes to 17 comes ahead of an expected summer of heightened tension in Northern ...

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Court sinks bid for biggest Kenyan politics overhaul in a decade

Bloomberg Kenyan President Uhuru Kenyatta’s ambitions of reshaping the nation’s political system as his final term draws to a close were dealt a body blow by a court ruling that he acted illegally in initiating the reforms. The High Court’s declaration may derail a planned referendum on sweeping proposals championed by Kenyatta and one-time foe and opposition leader Raila Odinga ...

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Trudeau government begins work on reopening US-Canada border

Bloomberg Prime Minister Justin Trudeau’s government has begun preliminary internal discussions about reopening the border with the US, even as Canada remains well behind its neighbor in vaccinations. Senior officials have begun to formally talk about options for how to proceed, three people familiar with the matter said, speaking on the condition they not be identified. One question under consideration ...

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CDC’s big mask change plan comes as surprise

Bloomberg For a nation mired in a pandemic for more than a year, the biggest step towards a return to normal came suddenly, even to President Joe Biden. After warning the country to stay vigilant amid the threat of coronavirus variants, the president found himself three days later striking a different tone, celebrating that the US had already reached a ...

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Joe Biden’s $86 billion pension rescue set to boost corporate bonds

Bloomberg US President Joe Biden’s pension bailout might do more than just support troubled retirement plans. It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc. Struggling multi-employer pensions, which are often tied to unions, will be able to apply for special financial assistance, thanks to the ...

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