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Qantas CEO confident Boeing will address quality issues Jun 4, 2024 05:08AM

DUBAI (Reuters) - The Qantas chief executive said on Tuesday she was confident Boeing would address the quality issues at the American planemaker, which have plunged the company into a crisis.

"I'm very confident when I speak to the Boeing leadership team that they are very focused on what they need to do to address their quality issues," Qantas CEO Vanessa Hudson told reporters at an airline industry conference in Dubai.

"Everything that... (continue reading...)


Airbus in talks to sell over 100 widebody jets to Chinese airlines, Bloomberg reports Jun 4, 2024 05:05AM

(Reuters) - Airbus SE is negotiating a major sale of A330neo aircraft to China, with some of the largest Chinese airlines considering buying more than 100 of the upgraded A330 models, Bloomberg News reported on Tuesday.

The terms are still being discussed and the timing is uncertain, the report said, citing people familiar with the matter.

Airbus declined to respond to the Bloomberg report and said that it does not comment on... (continue reading...)


US Attorney General to House Republicans: 'I will not be intimidated' Jun 4, 2024 05:03AM

By Sarah N. Lynch

WASHINGTON (Reuters) - U.S. Attorney General Merrick Garland will take aim on Tuesday at Donald Trump's Republican allies in the House of Representatives, where he will accuse them of peddling false narratives that endanger law enforcement and undermine the Justice Department's integrity.

"I will not be intimidated," Garland plans to tell lawmakers before the House Judiciary Committee, according to excerpts of his... (continue reading...)


Tesla's China-made EV sales fall 6.6% y/y in May Jun 4, 2024 04:53AM

BEIJING (Reuters) - U.S. automaker Tesla's sales of China-made electric vehicles dropped 6.6% from a year earlier to 72,573 units in May, data from the China Passenger Car Association (CPCA) showed on Tuesday.

Deliveries of China-made Model 3 and Model Y vehicles were up 16.7% from April.

Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, sold 330,488 passenger vehicles in May, up 38.2% year-on-year.

... (continue reading...)
BOJ must be vigilant to yen's impact on economy, says deputy governor Himino Jun 4, 2024 04:41AM

By Leika Kihara

TOKYO (Reuters) - Bank of Japan Deputy Governor Ryozo Himino said the central bank must be "very vigilant" to the impact the yen's moves could have on the economy, suggesting the currency's weakness will be among factors affecting the timing of its next interest rate hike.

However, he said it was inappropriate for central banks to directly target exchange rates in setting monetary policy, as other factors needed to be... (continue reading...)


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