The US Federal Aviation Administration has told airlines it believes Boeing's 737 Max 8 model to be airworthy, after two fatal crashes inside six months. An Ethiopian Airlines plane en route from Addis Ababa to Nairobi crashed six minutes after take-off on Sunday, killing all 157 people on board. The incident followed Lion Air 737 Max 8 crash in October that killed 189.
A total of 149.72 million outbound trips were made by Chinese tourists in 2018, up 14.7% from the previous year, the Ministry of Culture and Tourism announced, Trend reported citing Xinhua.
China's aviation regulator said on Monday (Mar 11) it had ordered Chinese airlines to suspend their Boeing 737 MAX aircraft operations by 6pm following a deadly crash of one of the planes in Ethiopia.
China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.
China's number two leader Li Keqiang has warned the country faces a tough struggle, as he laid out plans to prop up the world's second-largest economy. Opening the annual session of China's parliament, he forecast a slower growth of 6% - 6.5% this year, down from a target of around 6.5% in 2018.
Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States. Australian shares dropped 0.6% while South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% and Japan's Nikkei dropped 0.3%.
The Minister of Foreign Affairs of Uruguay, Rodolfo Nin Novoa, ratified his position on Friday on a peaceful solution to the political and institutional crisis suffered by Venezuela along with his Italian counterpart, Enzo Moavero Milanesi in Montevideo. The Uruguayan chancellor questioned the attitude of the secretary general of the Organization of American States (OAS), Luis Almagro, considering that he took sides on the Venezuelan conflict.
China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed on Thursday. The Purchasing Managers' Index (PMI), a gauge of factory conditions, came in at 49.2 for the month, down from 49.5 in January, according to the National Bureau of Statistics (NBS).
Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.
US President Donald Trump said on Monday he expects to hold a “signing summit” with China’s President Xi Jinping to seal a trade deal, since negotiators are “very, very close” to an agreement. Cheering global stock markets, the new comments confirm the dispute will not ratchet up immediately, averting an even bigger impact on the global economy.