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Bloomberg Boeing Co called out potential fire-safety issues with the fuel-tank design on Airbus SE’s coming A321XLR, a jet that’s crucial to the European planemaker’s future lineup. Airbus has positioned the rear-center fuel tank of the A321XLR under the floor of the passenger cabin — giving it the added range that makes the plane, due in 2023, such a threat ...

Bloomberg United Airlines Holdings Inc expanded its order of Boeing Co 737 Max jets by 25 planes less than a month after resuming flights with the aircraft, which is emerging from a record US grounding. In addition, deliveries of 40 of the single-aisle jetliners will be sped up to 2022 with another five accelerated to the following year, United said ...

Bloomberg Ting Hsin International Group, the Taiwanese food company behind the Master Kong brand, is weighing a Hong Kong initial public offering (IPO) of its restaurant business in mainland China, people with knowledge of the matter said. The firm has invited banks to pitch for a role on the listing, said the people, who asked not to be identified as ...

Bloomberg A senior Nike Inc executive’s abrupt departure has laid bare the sometimes-uncomfortable relationship between sneaker makers and the underground network of resellers who thrive off their brands. The sneakerhead community was buzzing over the resignation of Ann Hebert, Nike’s vice president and general manager of North America. The revelation came just days after a Bloomberg Businessweek report about her ...

Bloomberg Canada Goose Holdings, the company known for its Arctic-ready luxury parkas, announced a partnership with the National Basketball Association (NBA) that will showcase its foray into warmer-climate collections. Under the multiyear agreement, Toronto-based Canada Goose will produce capsule collections timed around the NBA’s annual midseason All-Star game. The manufacturer will collaborate with different designers, starting this year with LA-based ...

Bloomberg Stocks rise with US equity futures on Wednesday as concerns over valuations eased and the focus turned back to the stimulus-fuelled recovery from the pandemic. Treasury yields edged higher. The Stoxx 600 Index climbed for a third straight session, with UK shares outperforming after UK Chancellor of the Exchequer Rishi Sunak extended furlough pay for workers ahead of presenting ...

Bloomberg China’s defense and technology sectors may offer investor opportunities as the nation’s top political meeting starts this week, which could help inject fresh impetus into the country’s equities. Measures to help achieve President Xi Jinping’s pledge of a carbon neutral economy by 2060 could be released at the meeting which begins on Friday, according to brokerages including Guotai Junan ...

Bloomberg Oil held steady just days before many of the world’s largest producer nations meet to discuss how much crude they should supply in the coming months. Crude futures in New York were trading near $61 a barrel. Opec and its allies will meet on Thursday to decide if they will ease supply curbs further after Saudi cuts pushed the ...

KHARTOUM / WAM Mariam Assadiq Al Mahdi, Sudanese Minister of Foreign Affairs, lauded the cooperation between the UAE and Sudan, stressing her country’s keenness to reinforce its relations with the UAE and other Gulf Cooperation Council countries. She made this statement during her meeting with a delegation from the Al Maktoum Foundation, led by Mirza Al Sayegh, Director of the ...

Bloomberg China’s utility giant is planning to upgrade its massive electricity grid over the next few years to allow it to move away from coal generation and reach peak carbon emissions as soon as possible. State Grid Corp of China will build new ultra-high voltage transmission lines, speed up construction of pumped hydro storage plants, and accelerate the development of ...