Jet engine maker CFM to invest $2 billion to speed repairs

FARNBOROUGH, England, July 18 (Reuters) - Jet engine maker CFM said on Saturday it was investing $2 billion over five years to help ⁠meet targets of faster maintenance times, part of efforts to ease ...

CFM wins approval for jet engine durability boost

Jet ​engine maker CFM ⁠International said it had ​won U.S. and European approvals for an upgrade that would improve ...
London South East

Next UK prime minister Andy Burnham drops digital ID scheme

MANCHESTER, England, July 18 (Reuters) - Incoming British prime minister Andy ⁠Burnham will scrap the government's troubled plans for a digital ID scheme when he enters office on Monday, a ...

GLOBAL MARKETS-World stocks fall in semiconductor rout; oil rises on Middle East escalation

Equities fall from Asia to U.S. with chipmakers under pressure * Oil prices rise with ​attacks escalating in ⁠Middle East * ...

LONDON MARKET CLOSE: Utility stocks support FTSE 100 in nervy trade

London's FTSE 100 outperformed global peers on Friday, as markets were hurt by technology sector jitters, with chip shares ...

LONDON MARKET OPEN: FTSE 100 outperforms Europe after Asia sell-off

The FTSE 100 opened higher on Friday, outperforming European peers, while political attention turned to Andy Burnham's ...

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Strait ⁠of Hormuz flows have slowed after last ​month's truce collapsed * Iran pressed Houthis to disrupt Red Sea shipping if U.S. hits power sites * IEA chief Fatih Birol w ...

China says it will take measures on UK's nationalisation of British Steel

China's ​Foreign Ministry ⁠said on Saturday that ​it would closely monitor the United ​Kingdom's nationalisation ‌of Chinese steelmaker-owned British Steel ⁠and will take appropriate measures to ...

Tech selloff weighs on European shares ahead of ECB meeting next week

A global rout in tech stocks dragged Europe's equity benchmark slightly lower on Friday, leaving investors on edge as they prepare for ⁠next week's European Central Bank meeting and corporate earnings ...

Aston Martin says it is in talks for potential funding to boost liquidity

Luxury ⁠carmaker Aston Martin said on ​Friday it has ongoing discussions with potential financing providers, following a media ​report ‌that it is in talks with lenders including BlackRock-owned HPS ...

China's Zhongji Innolight nears Hong Kong listing of up to $7 billion

HONG KONG/SINGAPORE, July 17 (Reuters) - China's Zhongji Innolight moved closer to a Hong Kong share sale after publishing its post-hearing draft prospectus on Friday, giving investors fresh details ...

US industrial production edges higher in June

US industrial production edged higher in June, with output also strengthening over the second quarter, according to the Federal Reserve. Total production rose 0.1% on the month and increased at a 4% ...