Bombardier CEO calls U.S. trade agency reasoning ‘good news’

MONTREAL (Reuters) – Bombardier Inc Chief Executive Alain Bellemare on Thursday described a U.S. trade agency’s explanation for why it rejected hefty duties on the company’s CSeries jet sales to American carriers as very “good news.” On Wednesday, the International Trade Commission said Boeing Co lost no sales or revenue when U.S. carrier Delta Air Lines ordered the aircraft in ...

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Ramaphosa elected president of South Africa

CAPE TOWN (Reuters) – Cyril Ramaphosa was elected as South Africa’s president in a parliamentary vote on Thursday after scandal-ridden Jacob Zuma reluctantly resigned on orders from the ruling African National Congress. South Africa’s main stock market index jumped nearly 4 percent, putting it on track for its biggest one-day gain in more than two years as investors welcomed Zuma’s ...

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Ex-football coach Barry Bennell guilty of further sex abuse

Former football coach Barry Bennell has been found guilty of seven further sex offences against boys. The 64-year-old, who worked with the Crewe Alexandra and Manchester City youth teams in the 1980s, was convicted of 36 charges of indecent and serious sexual assault on Tuesday. The jury at Liverpool Crown Court has found him guilty of seven more charges. They ...

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Hedge fund Bridgewater makes $22 billion bet against European firms

LONDON/FRANKFURT/NEW YORK (Reuters) – Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent’s biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world’s largest hedge fund manager. Although data was not available to show whether Bridgewater holds more European stocks than it “shorts” overall, an investor in ...

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Venezuela’s Maduro orders reopening of Miami consulate before election

CARACAS (Reuters) – Venezuela’s President Nicolas Maduro has ordered the reopening of the country’s consulate in Miami, home to a sizeable anti-government community, before presidential elections on April 22, reversing a move by his predecessor Hugo Chavez. Speaking at the country’s Supreme Court late Wednesday, Maduro said he had received a request from Miami’s Venezuelan community to open the consulate ...

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VW looks at Apple for electric-car design guidance

BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is looking at Apple (AAPL.O) products for guidance on how to style its new generation of electric cars, its top designer said, as the automaker aims to turn profits on battery-powered vehicles when they launch in 2020. The U.S. tech giant has brought about a design aesthetic with its iPhone and iPad that set it ...

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