Boeing said on Friday it plans to cut its monthly 737 aircraft production by nearly 20% in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon.
David Malpass has been chosen as the president of the World Bank Group (WBG) on Friday after being unanimously elected by the executive board of the organization with no other candidates.
United States President Donald Trump has confirmed he recommended former Republican presidential hopeful Herman Cain for a seat on the Federal Reserve Board. Mr Trump told reporters at the White House Mr Cain is undergoing background checks to join America's central bank.
The world's richest man, Jeff Bezos, and his wife MacKenzie have agreed with a record-breaking divorce settlement worth at least US$35bn. Ms. Bezos will retain a 4% stake in online retail giant Amazon which her husband of 25 years found.
Soybean growers in Argentina are playing a waiting game, wagering on better prices ahead as the U.S. and China inch toward a trade deal and as nation’s currency keeps depreciating. Farmers on the Pampas arable belt have signed delayed-price contracts for almost three quarters of the 12.2 million metric tons they’ve sold to crushers and exporters so far, according to government data. That compares with 60% at the same stage last year.
Venezuela's chief justice asked lawmakers on Monday to strip opposition leader Juan Guaido of immunity, taking a step toward prosecuting him for alleged crimes as he seeks to oust President Nicolas Maduro.
Boeing must perform more work on its proposed fix to 737 MAX aircraft before it can be submitted for review, US officials said on Monday, suggesting the planes could stay grounded a while longer. Additional work is needed “to ensure that Boeing has identified and appropriately addressed all pertinent issues,” a Federal Aviation Administration spokesman said in a statement.
US Supreme Court has ruled that a convicted murderer on death row in Missouri has no right to a painless death. The ruling clears the way for the execution of Russell Bucklew, who asked for gas rather than lethal injection, citing an unusual medical condition.
United States opposition politicians and aid agencies have questioned a decision by President Donald Trump to cut off aid to three Central American states. Mr. Trump ordered the suspension of aid payments to El Salvador, Guatemala and Honduras to push their governments to stop migration into the US.
The New York county which declared a state of emergency over a measles outbreak is on the “right path” after administering hundreds of vaccinations in two days, the chief of the US district said. Under the emergency, Rockland County banned non-vaccinated minors from public places in a bid to prevent the once-eliminated disease from spreading.