FAA chief has no timetable for ungrounding Boeing 737 MAX

FORT WORTH, Texas (Reuters) - The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable for when the agency may unground the Boeing 737 MAX that has been involved in two fatal crashes since October.

“I’m not tied to a timetable,” Dan Elwell told reporters ahead of a meeting planned for Thursday with more than 30 international air regulators including China, the European Union and Canada. He said he plans to share the FAA’s safety analysis to date on Thursday, but said the agency is still waiting Boeing’s formal software upgrade and emphasized the FAA has not decided on the revised training requirements.

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United CEO promises to rebook passengers concerned about 737 MAX

CHICAGO (Reuters) - United Airlines Chief Executive Oscar Munoz promised on Wednesday to accommodate any passengers concerned about flying Boeing Co’s 737 MAX jets once regulators deem the aircraft safe to fly again.

United is the only one of the three U.S. MAX operators to make such an announcement so far. Southwest Airlines Co, the world’s largest MAX operator, said on Wednesday discussions were still ongoing.

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Next round of U.S. tariffs on China at least a month away: Mnuchin

WASHINGTON/BEIJING (Reuters) - The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25% from 10%, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world’s two largest economies stalled.

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Renewed U.S.-China trade tensions push down Wall Street

NEW YORK (Reuters) - Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment.

A day after Washington’s temporary easing of curbs against Huawei Technology Co Ltd provided respite to U.S. stocks, reports that the White House could impose restrictions on another Chinese technology company rattled U.S. stocks anew.

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Musk's SpaceX sues U.S. Air Force over rocket-building contracts: filings

ORLANDO, Fla. (Reuters) - Billionaire Elon Musk’s SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk’s rival bid, and said the tender should be reopened, according to a court filing unsealed on Wednesday.

In the complaint, Space Exploration Technologies Corp said contracts were awarded for three “unbuilt, unflown” rocket systems that would not be ready to fly under the government’s timeline, “defeating the very objectives” outlined by the Air Force’s program.

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Investors seek safety on threat of wider U.S.-China spat

NEW YORK (Reuters) - Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff after reports the United States has another Chinese tech firm in its sights.

Relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies Co Ltd faded after reports that the White House is considering further sanctions on Chinese video surveillance firm Hikvision.

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Chip designer ARM halts work with Huawei after U.S. ban

LONDON (Reuters) - British chip designer ARM has halted relations with Huawei in order to comply with a U.S. blockade of the company, potentially crippling the Chinese company’s ability to make new chips for its future smartphones.

Huawei, in common with Apple Inc and chipmakers such as Qualcomm, uses ARM blueprints to design the processors that power its smartphones. It also licenses graphics technology from the Cambridge-based company.

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US eases some restrictions on China’s Huawei, reportedly halting Google’s plans to cut access

The U.S. government on Monday temporarily eased some trade restrictions imposed last week on Chinas Huawei, a move that sought to minimize disruption for the telecom companys customers around the world.

The U.S. Commerce Department will allow Huawei Technologies to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets.

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Google unveils new $999 smart glasses for businesses, undercutting Microsoft’s HoloLens on price

Google on Monday unveiled a Google Glass Enterprise Edition 2, a new model of its Google Glass thats catered specifically to business uses.

Introduced in 2013 as one of the first augmented reality devices, Google Glass is a pair of eyeglasses that uses a tiny projector to beam computer-generated images into a users eye, so they appear tofloat in front of the real world. The company has been targeting the enterprise for the past couple of years after its attempts to attract consumers failed with the original Google Glass, which was expensive and had a built-in camera which raised privacy concerns. The model targeted toward consumers was discontinued in 2015.

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Sprint shares swing wildly as regulators send mixed messages on T-Mobile merger

Sprint shares swung wildly on Monday and were even halted for a brief period after the company received conflicting messages from regulators regarding its proposed merger with T-Mobile.

Federal Communications Commission Chairman Ajit Pai said Monday he planned to recommend the agency approve the $26.5 billion merger. In a statement, Pai said the companies made commitments to help expand faster mobile broadband in rural America, the AP reported. Sprint shares jumped about 27% in the morning, while T-Mobile shares popped about 7%.

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