Business

Airbus Wins European Approval For Its New A350 Jet

Planemaker Airbus won European safety approval on Tuesday for the A350, clearing the main regulatory hurdle before its newest and most technically advanced jet can start flying passengers. The European Aviation Safety Agency said Airbus, the planemaking unit of Airbus...

Wall St Slumps In Broad Decline; Volume Heavy

U.S. stocks were sharply lower on Monday, extending the previous week's decline on heavy volume as investors monitored the continued civil unrest in Hong Kong for any potential impact on Chinese growth. The day's losses were broad, with nine of...

Safety Group Asks U.S. Regulators For Defect Probe Of Chrysler Vehicles

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A safety advocate group has petitioned U.S. regulators to open an investigation into an estimated 4.9 million Chrysler vehicles for issues that could lead to engine stalls and other problems, according to documents posted online by the U.S. National...

American Apparel Hires Turnaround Expert As Interim CEO

Struggling apparel retailer American Apparel Inc (APP.A) said it had hired Scott Brubaker, a managing director at turnaround firm Alvarez & Marsal, as interim chief executive, three months after ousting controversial CEO and founder Dov Charney. The company also named...

Big Shift In China Economy To ‘Disrupt’ Western Retailers: Li & Fung Head

China's role in supplying cheap consumer goods to the West could end in coming years due to rising domestic consumption and worker pay, stoking inflation and unsettling retailers in Western markets, the chairman of logistics group Li & Fung...

EU Watchdog To Give Detail On Apple And Fiat Tax Investigations

European Union regulators will provide more details on Tuesday of their reasons for launching in-depth inquiries into tax arrangements reached by Ireland with Apple and by Luxembourg with a Fiat subsidiary. The European Commission has launched a similar investigation into...

Airlines Cleared For Mobile Phone Use During Flights

The European Aviation Safety Agency (EASA) says electronic devices such as mobile phones can be left switched on during flights. EASA says that electronic devices do not pose a safety risk. The announcement clears the way for airlines to permit the...

Subject: $9.3m Weapons Deal: Catholic Bishops Exonerate Oritsejafor (news)

$9.3m Weapons Deal: Catholic Bishops Exonerate Oritsejafor SAN FRANCISCO, September 26, (THEWILL) – As controversy continues to trail the $9.3m South African Weapons Deal involving an aircraft belonging to the President of the Christian Association of Nigeria (CAN), Pastor Ayo Oritsejafor,...

Dollar Holds Near Four-Year Highs, European Equities Slip

The dollar held near a four-year high against a basket of currencies on Friday, fueled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates. European equities fell to trade...

Apple Plays Defense On iPhone 6 Bending, Software Concerns

Apple Inc (AAPL.O) broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones. "With normal use, a bend in iPhone is...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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