"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren wrote.Politicsread more
The agreement between the White House and congressional Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
Documents leaked to The Washington Post revealed that Huawei secretly worked with the North Korean government on its wireless network.Technologyread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
CNBC's Mike Santoli breaks down the aggressive buying of "sure things" and shunning of cyclical and policy risk.Trading Nationread more
Facebook has seen an increase in the median number of comments, likes and ads clicked by users on the service from January to July, according to Audience Insights, a Facebook...Technologyread more
For investors hoping rate cuts would push the market higher, Goldman Sachs said stocks can't really go anywhere from here.Marketsread more
Here are the biggest calls on Wall Street on MondayInvestingread more
(Adds details, Airbus spokesman's comments)
PARIS, July 9 (Reuters) - European regulators have ordered inspections on some older Airbus A380 superjumbo airplanes after some cracks were detected in wings on the world's largest passenger aircraft.
The European Aviation Safety Agency (EASA) directive, which formalizes an instruction from the manufacturer itself, covers part of the outer wing on the 25 oldest aircraft, which first went into service in 2007 with Singapore Airlines.
Airbus said the safety of the aircraft was not affected.
"We confirm that small cracks have been found on the outer rear wing spars of early production A380 aircraft. We have identified the issue and designed an inspection and repair scheme." an Airbus spokesman said.
The repairs, which must be carried out within 15 years of the initial wing box assembly, can be carried out during scheduled heavy maintenance visits, he added.
EASA in its directive said the condition, if not detected and corrected, could reduce the structural integrity of the wing.
In 2012, Airbus was forced to carry out A380 inspections and devise a costly repair program after cracks were found on part of the wings, the world's largest for a passenger plane. (Reporting by Tim Hepher and Cyril Altmeyer; Editing by Bate Felix and Mark Potter)