Boeing ends $4.2 billion Embraer jet deal after failed talks
Boeing terminated its proposed $4.2 billion purchase of Embraer's commercial jet business after failing to reach final terms before the deadline. Embraer accused Boeing of bad faith and false claims, citing pandemic-driven demand collapse and Boeing’s cash pressures as reasons for the termination and strategic shift.
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Boeing
Embraer
Bainbridge Island
McDonnell Douglas
Airbus
Brazil
Sao Paulo
Fed meets as economy reels from pandemic crisis
Questions swirl as investor anxiety deepens over the COVID 19 downturn. The Fed aims to stabilize markets while unemployment climbs past 26 million and consumer demand collapses. Officials weigh ultra low rates, unprecedented lending plus bond buys as they face a fragile recovery and political scrutiny.
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Washington
Federal Reserve
Fed
Central Bank
Treasury
Jerome Powell
Bank of America
Powell
Kathy Bostlancic
U.S
Oxford Economics
Bostjancic
Muni
Mark Witner
Wells Fargo
Detroit
Atlanta
San Diego
San Jose
Vitner
Oil price crash hits Middle East economies hard
Iraq plans painful social benefit cuts as oil revenue collapses. Saudi delays mega projects while Egypt and Lebanon rely on Gulf workers sending back dollars. IMF flags up to 5% contraction in Iraq with oil at $20 a barrel and OPEC cuts 23% try to stabilize markets. Public sector benefits face possible deferrals and pay cuts amid unrest.
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Baghdad
Saudi Arabia
Egypt
Lebanon
The
Gulf
Middle East
Arab Gulf
Iraq
International Monetary Fund
Mills
Thamir Ghadhban
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Associated Press
Mideast
Tahrir Square
Sajad Jiyad
OPEC
Robin Mills
Qamar Energy
Nihran bin Omar
Basra
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