US aerospace giant Boeing on Monday fired the first shot in an orders battle with European rival Airbus at Farnborough airshow, clinching a $13.5-billion deal for 100 MAX planes from Delta Airlines in a huge vote of confidence for the crisis-hit jet.. Boeing revealed also that Japanese airline ANA had agreed to purchase 20 of its smaller MAX 8 jets -- worth $2.4 billion -- plus two 777-8 freight planes.
Goldman Sachs reported a 48 percent drop in quarterly earnings Monday after setting aside more funds in case of bad loans, but shares rose as it topped analyst estimates.. Shares rose 3.8 percent to $305.05 in pre-market trading. jmb/wd
Off Johannesburg's main highway, surrounded by skyscrapers, heavy machinery has unearthed one of the city's original wounds -- a deep gash left by the 1880s gold rush. . The gold once mined there fuelled both fabulous wealth and deep social divides that persist to this day.
Sudanese mother Awadya Ahmed has long wondered why her youngest child Talab was born blind and unable to walk; now she suspects the piles of poisonous waste left by gold miners.. "Since we saw these waste deposits appear, children have been born with deformities, and there have been still-births," Abdelaziz said, noting 22 children had been born in the village with deformities including blindness and brain damage.
China's banking regulator has urged lenders to extend more credit to real estate developers, as a growing number of homebuyers withhold mortgage payments on unfinished housing projects across 50 cities.. China's Banking and Regulatory Insurance Commission urged banks to "effectively meet the reasonable financing needs of real estate companies, vigorously support rental housing construction" and support project mergers and acquisitions, a representative said in a state media interview published Sunday.
Global aviation's Farnborough airshow opens Monday amid a sweltering heatwave, with the sector aided by a modest recovery in air traffic and with Ukraine boosting defence budgets.. "This is the first major global airshow for three years since Paris 2019," Farnborough chief executive Gareth Rogers told AFP. The biennial Farnborough show was cancelled in 2020 as the Covid health crisis grounded aircraft and ravaged the sector.
Chinese regulators have promised to repay more victims of one of the country's biggest-ever banking scandals, after hundreds of thousands of customers were left without access to funds, triggering rare mass protests.. Authorities later named those firms and another rural bank in nearby Anhui province as involved in a scheme to defraud investors -- and promised victims would start to get their money back.
Stocks rose in Asia on Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession.. "Overall the robust US data... eased concerns about an imminent recession but is also unlikely to mount an additional case for a 100 basis point Fed hike," said SPI Asset Management's Stephen Innes.
Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say.. For Wahab, Kurdish and federal government officials fail to appreciate "how much they are damaging the overall reputation of Iraq's energy industry".
Marvel's latest superhero flick "Thor: Love and Thunder" pounded opponents for a second straight week to top the North American box office with an estimated $46 million haul, industry watcher Exhibitor Relations reported Sunday.. The take was down sharply from its $144 million debut last weekend, but Thor still easily beat out "Minions: The Rise of Gru," which scored second spot for the second straight week after a phenomenal opening weekend over the July 4th holiday.
