Tag: Yahoo Finance

After meeting AFL-CIO, Pelosi says USMCA must be enforceable for workers to win passage

U.S. House of Representatives Speaker Nancy Pelosi on Tuesday conditioned her support for a new U.S.-Mexico-Canada trade deal on better enforcement of its labor provisions, defying pressure by the Trump administration to get the deal done quickly. Pelosi, who last week had predicted an imminent breakthrough in talks with U.S. Trade Representative Robert Lighthizer, changed her tone after meeting with major labor leader, AFL-CIO President Richard Trumka, who has been critical of the accord. "We can reach an agreement on USMCA when the Trade Representative makes the new NAFTA agreement enforceable for America’s workers," Pelosi said in a joint statement with House Ways and Means Committee Chairman Richard Neal after the two Democrats met with Trumka....

Sales of grounded Boeing 737 MAX gather pace at Dubai Airshow

Boeing Co won fresh support for its grounded 737 MAX at the Dubai Airshow on Tuesday as airlines laid out plans to buy up to 50 of the jets worth $6 billion at list prices, a day after securing the first firm order since a safety ban in March. Kazakhstan flag carrier Air Astana said it had signed a letter of intent to order 30 Boeing 737 MAX 8 jets for its recently launched FlyArystan low-cost subsidiary. Such draft deals can take time to turn into final contracts but the signing gave embattled Boeing a public boost as it faces concerns over increased regulatory scrutiny following two fatal accidents that led to the eight-month-old grounding....

Sales of grounded Boeing 737 MAX pick up steam at Dubai Airshow

Boeing's 737 MAX took center stage at the Dubai Airshow on Tuesday as the U.S. planemaker prepared to announce orders for dozens of aircraft as it seeks to restore confidence in the jet amid a worldwide grounding, people familiar with the matter said. Boeing was expected to announce the orders, which could be worth $5-6 billion, a day after securing the first firm order for the aircraft since the grounding from Turkey's SunExpress. Global regulators banned commercial flights of Boeing's fastest-selling jet in March after two fatal accidents....