IndiGo grounds eight planes amid engine shortages

India's biggest airline IndiGo said on Friday it had grounded eight Airbus A320neo jets because it could not get its hands on spare engines, the latest hit to its fleet related to the Pratt and Whitney-made engines in the aircraft. IndiGo and rival GoAir have been facing delays in receiving planes from Airbus due to ongoing problems with engines developed by Pratt and Whitney, owned by United Technologies. IndiGo, owned by InterGlobe Aviation, said in a statement that only eight were grounded and did not say when it had happened.

China to curb “irrational” overseas Belt and Road investment-state planner

BEIJING/SHANGHAI, Aug 18 (Reuters) - China will strengthen rules to defuse risks for domestic companies investing abroad and curb "irrational" overseas investment in its Belt and Road initiative, the state planner said on Friday. The National Development and Reform Commission (NDRC) said in an online statement lauding the Belt and Road initiative that it would provide better guidance on risks to companies investing overseas in order to prevent "vicious" competition and corruption.

‘Trump trade’ can become market headwind, as traders watch for next shoe to drop

President Donald Trump, often seizing on the stock market's post-election gains as a personal victory, may now have gotten on the market's bad side.

Geopolitical uncertainty stalks markets after Spain attacks

LONDON (AP) — An aversion to risk was evident in financial markets Friday after the attacks in Spain. Stock markets around the world were under pressure while traditional safe haven assets, such as gold, were in demand.

Terrorism-by-vehicle is an unholy trend here to stay

Yet another jihadist terror attack, again with a vehicle used as the weapon of choice to mow down innocent lives in a major metropolitan city.

We saw it happen with a truck in Nice, France, last year, with over 84 dead and hundreds injured as a result.

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Merkel Curbs German Campaign to Honor Barcelona Attack Victims

Chancellor Angela Merkel said Germany's biggest parties agreed to turn off music and observe moments of silence at election rallies through Saturday to honor victims of the Barcelona terror attack.