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  • OTTAWA, July 23- Canada on Tuesday launched a long-delayed competition to build new fighter jets and said it was confident no favoritism had been shown toward any one contender, though some in the industry have said the race is tilted toward Lockheed Martin Corp.. Ottawa wants 88 new planes in a contract worth between C $15 billion and C $19 billion.

  • OTTAWA, July 23- Canada launched a long-delayed competition to build new fighter jets on Tuesday, and said it was confident no favoritism had been shown toward any one contender, though some in the industry have said the race is tilted towards Lockheed Martin Corp.. Ottawa wants 88 new planes in a contract worth between C $15 billion and C $19 billion.

  • The Airvan 8 utility aircraft manufactured by Mahindra Aerospace stands on display in front of the company's booth in Geelong, Australia, on Tuesday, Feb. 24, 2015.

    Australia's Civil Aviation Safety Authority (CASA) said it had suspended operations of all GippsAero GA8 planes in Australia and all Australian-registered GA8 planes flying overseas from July 20 through Aug 3.

  • MELBOURNE, July 22- Australia's air safety regulator has grounded operations of a small aircraft manufactured by Mahindra Aerospace for up to 15 days in the wake of a crash in Sweden that killed nine people earlier this month. The Civil Aviation Safety Authority said it had suspended operations of all GippsAero GA8 planes in Australia and all...

  • July 19- European shares ended only marginally higher on Friday as worries about the stability of Italy's government dented optimism from renewed signals the U.S. The pan-European STOXX 600 closed up 0.12% after rising as much as 0.7% in morning trade, with Italy's blue-chip stocks falling 2% to two-week lows. "The uncertainty surrounding the political...

  • *Now sees European market flat, North America up 5%. STOCKHOLM, July 18- Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates. Volvo indicated it now expected truck demand in Europe this year to be flat, compared with its previous forecast of...

  • STOCKHOLM, July 18- Sweden's Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising from the Sino-U.S. trade war were denting profitability. Volvo, which as part of China's Geely family aims to produce premium cars to rival BMW and Daimler's...

  • *UK is Ryanair's largest market. DUBLIN, July 17- Ryanair's British pilot union is to ballot members on possible strike action in coming weeks in a dispute over working conditions, the British Airline Pilots Association announced on Wednesday. But since then it has signed collective labour agreements with a number of pilot unions throughout Europe.

  • The pan-European STOXX 600 ended down 0.4%, with Stockholm- listed shares suffering their biggest percentage loss since May on falls for Ericsson, Swedbank and engineering group Alfa Laval. "The fear is that if they are softening, what is it going to look like if we do get these interest rate cuts," said David Madden, market analyst at CMC Markets in Britain.

  • STOCKHOLM, July 17- Assa Abloy, the world's biggest lock maker, reported a 28% jump in quarterly profit as savings and price hikes offset higher raw material costs but said uncertainty had increased in some markets such as Brazil, Mexico and Britain. The acquisitive Swedish firm is investing in accelerating a shift from mechanical locks to electronic and...

  • STOCKHOLM, July 17- Swedbank will cut the amount of dividends it pays from profits and has set new targets to strengthen its capital as the bank faces fallout from a Baltic money laundering scandal. Sweden's oldest retail bank has lost its chief executive, its chairman and a third of its market value this year after its Estonian business was caught up in money...

  • STOCKHOLM, July 17- Swedbank said on Wednesday it will cut the amount of dividends it pays from profits and set new targets to strengthen its capital as the bank faces fallout from a Baltic money laundering scandal. Sweden's oldest retail bank has lost its top executive, chairman and a third of its market value this year after its Estonian business was caught up in...

  • Iran, prefer more diplomacy- [email protected] *FACTBOX- Responses to Iran enrichment plans. She spoke at the end of an European Union foreign ministers meeting after Britain said there was only a "small window" of time to salvage the deal, while Iran warned it would ramp up uranium enrichment if the EU failed to do more to that end.

  • LONDON, July 12- The dollar fell for a third consecutive day on Friday as stronger-than-expected U.S. inflation data failed to shake convictions that the Federal Reserve will start cutting interest rates at a policy meeting later this month. "Cutting interest rates when inflation data is weakening makes sense, but signalling a dovish stance when inflation is...

  • PARIS, July 11- France's Senate gave final approval to a tax on big technology companies on Thursday, potentially opening up a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with more than 25 million euros in French revenue and 750 million euros worldwide.

  • PARIS, July 11- France's Senate on Thursday gave final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. The 3% levy will apply to revenue from digital services earned in France by firms with over 25 million euros in French revenue and 750 million euros worldwide.

  • COPENHAGEN, July 11- Danish cannabis firm StenoCare said on Thursday it would quarantine more batches of cannabis oil from its partner CannTrust which has sold products from what Canada's federal health regulator called unlicensed facilities. StenoCare's shares, which were listed in Stockholm in October 2018, fell as much as 30% in early trading before...

  • PARIS, July 11- France's Senate on Thursday approved a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union. The tax will apply a 3% levy on revenue from digital services earned in France by firms with over 25 million euros in French revenue and 750 million euros worldwide. France pushed ahead...

  • OTTAWA, July 8- Airbus SE and Boeing Co may pull out of a bidding process to supply Canada with new fighter jets because they say the contest is unfairly tilted toward Lockheed Martin Corp, two sources with direct knowledge of the situation said on Monday. The contract is worth between C $15 billion and C $19 billion and the planes are due to be delivered between 2025...

  • STOCKHOLM, July 8- Growing numbers of young people whizzing around Europe's big cities on electric scooters may represent a nightmare for some pedestrians and motorists, but for Swedish sharing start-up VOI they offer a path to positive cashflow. VOI co-founder and chief executive Fredrik Hjelm said safety was an important consideration and VOI had drawn up...