Europe Top News and Analysis Ethiopia

  • CAIRO, Sept 19- Halan, an Egyptian technology start-up that uses two- and three-wheeled vehicles to transport passengers and goods, will begin operating in Ethiopia before the end of 2019, its chief executive told Reuters. Founded in November 2017, it already operates in around 20 to 25 cities in Egypt and Sudan. "Adama is a very small place in Ethiopia, about 150 km...

  • CHICAGO, Sept 17- A lawyer for victims of Ethiopian Airlines Flight 302 said on Tuesday he wants Boeing Co and the U.S. Federal Aviation Administration to hand over documents about the decision to keep the Boeing 737 MAX in the air after a deadly Lion Air crash last October. A week after Lion Air Flight 610 nose-dived into the Java Sea, killing all 189 aboard, the FAA...

  • Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019.

    Southwest is the airline that brought low-cost travel to the masses with a simple strategy: Operate one kind of plane, offer only coach class, no meals, and fly to secondary airports. Since its first flight in 1971, Southwest has grown to carry more passengers in the U.S. than any other. But now the maker of the only type of plane it has ever flown — the Boeing 737 — is in crisis. Boeing's 737 Max planes have been grounded since March 2019 following its second crash in less than five months.

  • The GCAA will conduct its own assessment to allow the MAX to return to UAE airspace, rather than follow the FAA, Director General Said Mohammed al-Suwaidi told reporters in Dubai. He said the GCAA would look at the FAA decision and that the UAE regulator had so far not seen details of Boeing's fixes. The FAA has traditionally taken the lead on certifying Boeing jets,...

  • Sept 10- Boeing Co handed over around a quarter as many planes in August as it did a year ago, pushing total deliveries so far this year down more than 40%, as the worldwide grounding of its best-selling 737 MAX jet enters its seventh month. Chicago- based Boeing has not delivered any of its 737 MAX aircraft since the single-aisle plane was grounded worldwide in March...

  • The Seattle Times reported a cargo door exploded outward during a high-pressure stress test on the ground. The problem happened during the final test that must be passed as part of the plane's certification by the Federal Aviation Administration, the newspaper report said. Chicago- based Boeing has also been unable to deliver any of its 737 MAX aircraft since...

  • The Seattle Times said a cargo door exploded https://www.seattletimes.com/business/boeing-aerospace/door-blows-out-during-gro u n d- t e s t- o n- b o e i n g- 7 7 7 x- j e t outward during a high-pressure stress test on the ground. The problem happened during the final test that must be passed as part of the plane's certification by the Federal Aviation...

  • CAPE TOWN, Sept 6- Ethiopia should slowly liberalize its exchange rate regime but is unlikely to move to a fully floating rate for the birr currency within the next three years, its central bank governor told Reuters on Friday. Ethiopia's Prime Minister Abiy Ahmed, who took office last year, has launched an ambitious economic reform drive aimed at opening up one of...

  • CAPE TOWN, Sept 6- Ethiopia should slowly liberalise its exchange rate regime but is unlikely to move to a fully floating rate for the birr currency within the next three years, its central bank governor told Reuters on Friday. Ethiopia's Prime Minister Abiy Ahmed, who took office last year, has launched an ambitious economic reform drive aimed at opening up one of...

  • CAPE TOWN, Sept 6- Ethiopia should slowly liberalize its exchange rate regime, but moving to a fully floating rate for the birr currency is unlikely over the next three years, its central bank governor told Reuters on Friday. National Bank of Ethiopia Governor Yinager Dessie also forecast that the economy, one of the fastest-growing in Africa for the past decade,...

  • CAPE TOWN, Sept 6- Ethiopia should slowly liberalise its exchange rate regime, but moving to a fully floating rate for the birr currency is unlikely over the next three years, its central bank governor told Reuters on Friday. National Bank of Ethiopia Governor Yinager Dessie also forecast that the economy, one of the fastest-growing in Africa for the past decade,...

  • ETHIOPIA'S C.BANK GOVERNOR FORECASTS 10% AVG ANNUAL GROWTH OVER NEXT 3 YEARS.

  • ETHIOPIA SHOULD SLOWLY LIBERALISE EXCHANGE RATE REGIME- C.BANK GOVERNOR.

  • ETHIOPIA MOVE TO FULLY FLOATING EXCHANGE RATE UNLIKELY OVER NEXT 3 YEARS- C.BANK GOVERNOR.

  • WASHINGTON, Sept 5- New orders for U.S.-made goods rose for a second straight month in July as orders for transportation equipment increased by the most in nearly a year, but the gains were unlikely to be sustained as trade tensions erode business confidence. Factory goods orders jumped 1.4%, the Commerce Department said on Thursday. The United States and China...

  • CAPE TOWN, Sept 4- South African President Cyril Ramaphosa told officials and business leaders on Wednesday that he was committed to quelling attacks on foreigners that have threatened to cast a cloud over an economic forum aimed at boosting intra-African trade. Police have arrested almost 300 people and confirmed several deaths after riots in...

  • CHICAGO, Sept 3- The head of the International Air Transport Association warned on Tuesday that any discrepancy among global regulators over reapproving Boeing Co's 737 MAX for commercial flight could set a worrying precedent for future aircraft programs. But international regulators have indicated they will pursue their own analysis of the 737 MAX and...

  • Normally, the U.S. Federal Aviation Administration has taken the lead on certifying Boeing aircraft and other aviation regulators globally follow suit, a process supported by the International Air Transport Association. But global regulators have indicated they would pursue their own analysis of the 737 MAX and Boeing's proposed updates, rather than...

  • EVERETT, Wash., Aug 30- Boeing Co needs to reorganize its engineering reporting lines company-wide and ensure higher ranking officials, including its CEO, get faster feedback about potential safety concerns from lower levels of the company, according to an internal review at the U.S. planemaker following two recent fatal crashes. Speaking to Reuters at an...

  • Coming against the backdrop of an escalation in U.S.- China trade tensions, the report from the Commerce Department on Monday could provide more ammunition for the Federal Reserve to cut interest rates again next month. Fed Chair Jerome Powell told a conference of central bankers last week that trade policy uncertainty seems to be playing "a role in the global...