U.S. Defense Secretary Lloyd Austin discussed India's planned purchase of Russia's S400 air defence system at a meeting with his Indian counterpart on Saturday, reiterating U.S. allies should steer clear of Russian equipment to avoid sanctions.
It's tough being the Swiss National Bank: After months of battling safe-haven inflows, markets want to know what the SNB will do with its 914 billion-Swiss franc ($984 billion) foreign exchange pile at its March 25 meeting.
Europe's airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly challenged by a hobbled COVID-19 vaccine rollout, resurgent infections and new lockdowns. Airline and travel stocks fell on Friday after Paris and much of northern France shut down for a month, days after Italy introduced stiff business and movement curbs for most of the country including Rome and Milan. The setbacks hit recovery prospects for the crucial peak season, whose profits typically tide airlines through winter, when most carriers lose money even in good times.
Aviation training specialist CAE said on Friday it will be ready to host mass COVID-19 vaccinations as early as Easter, becoming one of the first major Canadian publicly traded companies to carry out inoculations of workers and the public.
Aerospace firms on Thursday credited NASA with a successful test of engines on a Boeing-built rocket for Artemis missions that aim to return U.S. astronauts to the moon by 2024, more than half a century since the last lunar walk.