Former Boeing pilot charged with fraud in 737 Max probe

Bloomberg A former Boeing Co pilot was charged with deceiving US aviation regulators in the first prosecution related to two fatal 737 Max accidents that plunged the aviation titan into crisis. Mark Forkner, a former chief technical pilot for the company, was indicted on charges that he deceived the Federal Aviation Administration’s (FAA) Aircraft Evaluation Group during the agency’s evaluation ...

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Virgin Galactic falls after commercial flight delay

Bloomberg Virgin Galactic Holdings Inc is pushing the start of commercial flights further into next year after rescheduling a test flight, disappointing investors with the unexpected delay to its space tourism business plans. A program to upgrade the company’s spaceplane is taking place a month later than anticipated, forcing the delay of a planned research mission with a crew of ...

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United Airlines bets big on European vacations

Bloomberg United Airlines Holdings Inc is planning its largest expansion into Europe, anticipating a surge of pent-up demand following two years of weak bookings because of the coronavirus pandemic. The significant trans-Atlantic capacity increase reflects the airline’s expectation that next summer will deliver record traffic. Flights essentially shut down industrywide in 2020 and capacity was limited last year because of ...

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John Lewis Partnership loss narrows with turnaround

Bloomberg John Lewis Partnership Plc’s loss narrowed in the first half as the British retailer’s turnaround efforts started to pay off. The operator of the John Lewis department store and upmarket grocer Waitrose said the 29 million-pound ($40 million) pretax loss came after taking almost 100 million pounds of exceptional costs related to store closures and redundancy payments. This is ...

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Pentagon spies say Kim is still pursuing nuclear arms

Bloomberg The US continues to observe activity at North Korean nuclear sites that is “inconsistent with full denuclearisation,” the Defense Intelligence Agency (DIA) said in a report issued. The conclusion, based on observations at the Yongbyon nuclear site and elsewhere, echoes assessments delivered to former President Donald Trump by US intelligence agencies, despite Trump’s efforts to engage in direct summit ...

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Ship intercepted US destroyer in Sea of Japan, says Russia

Bloomberg Russia said one of its warships intercepted a US destroyer in the Sea of Japan that was encroaching on its territorial waters, claiming the vessels came within 60 metres (200 feet) of each other during the confrontation. The US Pacific Fleet rejected Russia’s characterisation of the incident hours later. The Russian Defense Ministry posted a video of the Admiral ...

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US likely to restore Trump-era asylum policy by mid-Nov

Bloomberg The US will likely reinstate a Trump-era policy by mid-November requiring asylum seekers who cross the southern border to return to Mexico, the Biden administration told a federal judge. The Department of Homeland Security (DHS) has made “substantial progress” towards restarting the Migrant Protection Protocols (MPP), which force asylum seekers from Central and South America to wait in Mexico ...

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France’s Macron leads Le Pen, Zemmour in election poll

Bloomberg Emmanuel Macron is leading in the run-up to the first round of French presidential elections in April with 25% to 27% support and will likely face a far-right candidate in a decisive runoff vote, according to a poll by Ifop-Fiducial for Le Figaro newspaper. The survey of voting intentions published on Saturday shows National Rally candidate Marine Le Pen ...

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British politician’s murder was terrorist attack, says police

Bloomberg UK Home Secretary Priti Patel ordered a review of police security for members of Parliament after Conservative MP David Amess was fatally stabbed at a meeting in his constituency. The attack revives questions about the safety of lawmakers meeting face-to-face with residents in their districts, usually with little security. A 25-year-old UK national was arrested on suspicion of murder, ...

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BofA tops estimates as surge in M&A boosts advisory fees

Bloomberg Bank of America Corp (BofA) beat analysts’ earnings estimates as fees climbed at the company’s dealmaking unit, boosted by a record-breaking period for mergers and acquisitions. Investment-banking advisory fees rises 65% to a record $654 million in the third quarter as a combination of cheap financing for buyers and attractive valuations for sellers spurred a wave of takeovers. Overall ...

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