FAA to examine Boeing supply chain before clearing 737 output hike, Reuters says
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Yahoo
an hour ago
- Yahoo
Several US executives to visit China this week: sources
By Laurie Chen BEIJING (Reuters) -A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides with the latest round of U.S.‑China trade negotiations in Sweden, where China's Vice Premier He Lifeng is meeting U.S. officials from July 27 to July 30 for a new round of economic and trade talks. The delegation will be led by FedEx Chief Executive Rajesh Subramaniam, the council's board chair, one of the sources briefed on the trip said. The South China Morning Post first reported the visit on Sunday, saying that executives from firms including Boeing would be part of the delegation. Reuters could not confirm other CEO members of the delegation or which Chinese officials they would meet. Boeing declined to comment on the trip and deferred to USCBC. The U.S. government was not involved in the organisation of the visit, one of the sources said. The trip comes as Beijing and Washington work towards a summit between the two countries' leaders later this year, probably around the time of the APEC forum in South Korea October 26 - November 1, sources previously told Reuters. USCBC did not respond immediately to a request for comment. The business lobby previously organised similar visits to China by American CEO delegations in 2023 and 2024. The 2024 trip, also led by Subramaniam, included meetings with He and Foreign Minister Wang Yi, where executives discussed issues including market access. China faces an August 12 deadline to reach a durable deal with the White House or risk higher U.S. tariffs. U.S. officials are likely to extend the deadline by another 90 days as both sides work towards a more comprehensive deal, sources previously told Reuters. An extension of that length would prevent further escalation and help create conditions for the potential meeting between Trump and Chinese President Xi Jinping. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Several US executives to visit China this week: sources
By Laurie Chen BEIJING (Reuters) -A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides with the latest round of U.S.‑China trade negotiations in Sweden, where China's Vice Premier He Lifeng is meeting U.S. officials from July 27 to July 30 for a new round of economic and trade talks. The delegation will be led by FedEx Chief Executive Rajesh Subramaniam, the council's board chair, one of the sources briefed on the trip said. The South China Morning Post first reported the visit on Sunday, saying that executives from firms including Boeing would be part of the delegation. Reuters could not confirm other CEO members of the delegation or which Chinese officials they would meet. Boeing declined to comment on the trip and deferred to USCBC. The U.S. government was not involved in the organisation of the visit, one of the sources said. The trip comes as Beijing and Washington work towards a summit between the two countries' leaders later this year, probably around the time of the APEC forum in South Korea October 26 - November 1, sources previously told Reuters. USCBC did not respond immediately to a request for comment. The business lobby previously organised similar visits to China by American CEO delegations in 2023 and 2024. The 2024 trip, also led by Subramaniam, included meetings with He and Foreign Minister Wang Yi, where executives discussed issues including market access. China faces an August 12 deadline to reach a durable deal with the White House or risk higher U.S. tariffs. U.S. officials are likely to extend the deadline by another 90 days as both sides work towards a more comprehensive deal, sources previously told Reuters. An extension of that length would prevent further escalation and help create conditions for the potential meeting between Trump and Chinese President Xi Jinping. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
2 hours ago
- Business Insider
A Russian airline that used to ferry passengers to Europe is now flying to North Korea instead
Nordwind Airlines, a Russian carrier that previously serviced routes to Europe, is now flying its country's first direct flight from Moscow to Pyongyang in decades. The new eight-hour Boeing 777 flight, which launched on Sunday, comes as Russia and North Korea have rapidly strengthened ties amid the war in Ukraine. State media outlet TASS reported that Russian authorities gave Nordwind permission in early July to fly to North Korea, and that the airline is expected to run flights once a month to Pyongyang. Russia's transport ministry said in a Sunday statement that the new route was a first for Moscow in 77 years. "For the first time in more than 70 years of diplomatic relations, we are launching direct flights between the capitals of our countries," Vladimir Poteshkin, Russia's deputy transport minister, was quoted as saying in the statement. Nordwind previously operated dozens of international routes, including to Spain, Germany, the Maldives, Mexico, and Thailand. But almost all have been shut down as Russia's international relations broke down after its full-scale invasion of Ukraine. The European Union bans Russian flights, while many Russian airlines have also closed their international operations. Nordwind, which lists a fleet of Boeing and Airbus planes on its website, has been mostly operating domestic routes in the meantime. Its first flight to North Korea left Moscow at 7:25 p.m. on Sunday and arrived in Pyongyang at 3:30 a.m., according to the Moscow Sheremetyevo International Airport's flight tracker. A return flight is scheduled for Tuesday. TASS reported that both flights, with tickets costing about $550, were fully booked. While this is the first 21st-century flight between both capitals, Russians could already fly to North Korea before this. A North Korean airline, Air Koryo, operates flights from Pyongyang to Vladivostok, a Russian city on the Sea of Japan that's roughly 80 miles from North Korea. The newest flight is a further sign of rapport between Russia and North Korea, the latter of which has been supplying the Kremlin with troops, weapons, and ammunition to maintain its offensive pace in Ukraine. The partnership is sparking deep concern in the West and South Korea, which fear the arrangement is bolstering the technical expertise and resources of North Korea's military. Nordwind's cross-capital flight also comes as North Korean leader Kim Jong Un has pushed hard to reopen his country to international tourism after the COVID-19 pandemic. In May, he unveiled a massive beachfront resort that appeared to feature hotels, apartments, shopping malls, and a water park.
