Indonesia has called for better Boeing cockpit systems and oversight by U.S. regulators after design flaws helped bring down a Lion Air 737 MAX jet - a crash that was compounded by errors from ground staff and crew.
By Mike Spector, Joshua Franklin, Greg Roumeliotis and Anirban Sen
Oil prices pulled back on Friday, retracing some of the gains of a three rally on Friday, as downbeat economic growth forecasts revived concerns over the outlook for fuel demand.
Boeing , acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline workers and crew, Indonesian investigators found.
Boeing Co said on Friday it is addressing Indonesia's safety recommendations following calls for better cockpit systems and oversight by U.S. regulators, and after the country blamed design flaws for a deadly Lion Air 737 MAX jet crash.
A steeper decline in global economic growth still more likely than a synchronized recovery, even as multiple central banks dole out rounds of monetary easing, according to economists polled by Reuters in recent weeks.
British department store group Debenhams said Mark Gifford, a former chief financial officer at rival House of Fraser, had been appointed as the chairman of its parent group Celine Jersey Topco.
Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong.
Geopolitical tensions, muted economic data and mixed earnings stymied global stocks and weighed on crude oil prices on Friday with sterling hovering just above one week lows amid a new bout of Brexit anxiety.
Oil prices fell on Friday but were on track for strong weekly gains as support from a surprise draw in U.S. inventories and possible action from OPEC and its allies to trim production further outweighed broader economic concerns.
H&M opened a boutique-like store in a trendy neighbourhood in Berlin on Friday that offers yoga classes, a cafe with a garden and space for other brands as the Swedish budget chain seeks a new look to revive flagging sales.
French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with "nothing off the table".
Chip designer ARM will continue to supply Huawei Technologies after the British company's legal team ruled that its chip technology is of UK origin and would not breach U.S. restrictions on supplying the Chinese tech giant.
BMW has told United States trade representatives, including Robert Lighthizer, that intensifying a global trade war could threaten jobs in South Carolina, Chief Executive Oliver Zipse said on Friday.
In the bestselling novel "Circe" -- optioned by WarnerMedia for its forthcoming HBO Max streaming service -- the daughter of the Greek god Helios tames wild beasts and menaces the gods.