Business

Boeing Co successfully staged the first flight of the world's largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX.

Renault's engineering boss will meet his counterpart at Nissan in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair.

Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market.

Tesla Chief Executive Elon Musk sought to allay environmental concerns about the electric carmaker's planned factory in Germany, saying the plant would use less water than was estimated originally.

Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco's Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced.

The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows.