Bloomberg Boeing Co’s program to certify a new version of its 737 Max jet is running behind schedule and may not meet an end-of-year deadline, aviation regulators warned in a letter. The Max 10, an extended version of the company’s flagship single-aisle jet that was grounded in 2019 after two fatal crashes, must be approved by the Federal Aviation …

  Bloomberg Saudi Arabian grocery chain BinDawood Holding bought a majority stake in e-commerce app manager and developer International Applications Trading Co for an initial payment of $28.7 million that could increase subject to future profitability milestones. BinDawood Holding, through its Future Technology Retail unit, signed a definitive agreement to acquire a 62% stake in IATC, according to a statement. …

  Bloomberg The US Federal Aviation Administration’s (FAA) chief of safety is becoming the agency’s acting leader next week. Billy Nolen, who joined the FAA this year after a career as an airline pilot and executive, will be the temporary replacement for Steve Dickson, who is stepping down on Thursday. The appointment was announced in an FAA press release. The …

Bloomberg Brazil President Jair Bolsonaro is seeking a second term amid growing economic challenges that will potentially determine the outcome of this year’s election. The right-wing leader is launching his pre-candidacy at an event organised by the Liberal Party, which will also host Defense Minister Walter Braga Netto, whom he may tap as running mate. According to Brazilian law, candidates …

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said stable inflation was needed to trigger policy change at the central bank not yen weakness, in remarks that appeared aimed at cooling speculation of possible stimulus tweaks driven by the sliding currency and signs of heating prices. Speaking in parliament after the yen breached the 122 mark against the dollar …

Bloomberg JPMorgan Chase & Co. said it will do a third-party audit of its $30 billion racial-equity commitment, following Citigroup Inc and BlackRock Inc in agreeing to such a review. The biggest US bank will hire a third party to perform the audit and publish a report on the results by the end of this year, according to a statement. …

  Bloomberg Canada’s 10-year yield rises to the highest since 2018 as a top Bank of Canada official said household finances are in good shape and that monetary policymakers are prepared to “act forcefully” to quell inflation. Deputy Governor Sharon Kozicki reiterated the central bank’s “unwavering commitment” to wrestle inflation back to the 2% target and said more aggressive action …

  Bloomberg Credit Suisse Group AG shareholders are pushing to exclude a vote at its annual general meeting that would let the directors and the executives off the hook for legal responsibility over the Greensill Capital scandal, the Financial Times has reported, citing people with knowledge of the discussions. Investors have expressed concerns to new chairman Axel Lehmann about the …

  Bloomberg UBS Group AG will allow some of its US employees to work remotely full-time, offering flexibility to staff as it seeks to lure and retain talent. The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit, Tom Naratil, president of UBS …

  Bloomberg Barclays Plc plans to step up its financing of renewable energy as Russia’s war on Ukraine adds to the urgency of moving away from fossil fuels. “The appalling invasion of Ukraine has made it even more imperative to accelerate the energy transition,” Barclays Chairman Nigel Higgins said. Barclays expects that recent events will boost “demand for investment in …