Boeing and Airbus

The European Union and therefore the US have called a truce in their lengthy 17-year battle over aircraft subsidies, European Commission president Ursala von der Leyen revealed before the EU-US summit in Brussels.


Both sides are locked during a battle over how they subsidise US planemaker Boeing and its European rival Airbus, which combined have a virtual monopoly on the market. Having agreed to suspend retaliatory tariffs slapped on everything from European wine to US tobacco back in March, the pair have agreed to get rid of them for five years whilst they compute a wider deal on what subsidies should be allowed.


‘This meeting has started with a breakthrough on aircraft. This really opens a replacement chapter in our relationship because we move from litigation to cooperation on aircraft – after 17 years of dispute’, said von der Leyen.


Johnson & Johnson

Johnson & Johnson’s coronavirus vaccine has been awarded emergency approval by authorities in Malaysia, which the country plans to source through the COVAX facility backed by the planet Health Organisation.


The government has previously said it had secured 3.5 million jabs of the single-dose vaccine but didn't reveal what percentage it'll acquire through COVAX. Malaysia’s vaccine fund – enough to jab all of its population – is currently made mostly from vaccines made by AstraZeneca and Chinese firm Sinovac.


Malaysia is ramping-up its vaccine programme after having to reinstate lockdown rules earlier this month following an increase in infections, with only around 10% of its population currently inoculated.


Big Tech

Big Tech stocks still face increased scrutiny in Europe after the EU’s top court ruled national agencies should be ready to pursue companies albeit they're not the lead regulator.


Most big US tech firms have EU headquarters in Ireland, including Google, Twitter, Facebook and Apple, putting them under the scope of Ireland’s regulator, which is liable for enforcing GDPR rules which will allow a corporation to be fined up to 4% of worldwide revenue for breaching data rules. But several other countries haven't been happy leaving it right down to Ireland to pursue companies on behalf of the broader bloc, with some complaining it takes too long to research .


However, the EU Court of Justice has said regulators in other countries can now pursue any allegations of GDPR infringement and not await Ireland, but said only ‘under certain conditions’.


Amazon and Walmart

India’s antitrust watchdog plans to speed-up its renewed investigation into allegations that Amazon and Walmart’s Flipkart behave in an anti-competitive manner as scrutiny of the 2 companies continues to grow.


The Competition Commission of India initiated an investigation into the 2 firms back in January 2020 to seem at allegations that both companies were promoting particular sellers on their platforms and offering discounts to discourage competitors – claims that both companies have denied.


Reuters reported the regulator is getting to expedite the case, citing an unnamed source. Amazon and Flipkart are both expected to appeal.


General Electric

General Electric’s aviation unit and French outfit Safran are developing a replacement engine aimed toward cutting emissions and fuel use by 20% compared to existing models.


The pair’s venture company CFM International said the CFM RISE programme will unleash ‘a range of latest , disruptive technologies for future engines that would enter service by the mid-2030s’.


The decision comes because the venture was extended until a minimum of 2050, in-line with their ambitions to halve CO2 emissions from the aviation industry.


Southwest Airlines

Southwest Airlines flights across the US were halted on Monday and delayed for hours after suffering technical problems with a weather data system .


Lost connectivity to the third-party weather system meant flights were halted to make sure the security of consumers of staff. it's reported to possess affected several hundred flights but has now been resolved.



LinkDoc Technology

Chinese medical data firm LinkDoc Technology has filed for an initial public offering within the US to boost funds to fuel its research and development and permit it to form acquisitions and investments.


The company reported a 41% rise in revenue during the primary three months of 2021 but revealed it had been still within the red with a net loss of RMB135.4 million, significantly wider from the RMB61.6 million loss the year before.


LinkDoc is backed by a subsidiary of Alibaba Group.