Mon, Sep 30, 2013 - Page 15 News List

World Business Quick Take

Agencies

AIRLINES

Norwegian grounds plane

Norwegian Air Shuttle ASA says it has grounded one of its new Boeing Co 787 Dreamliners to allow technicians from the US company to “make it more reliable.” Norwegian spokesman Lasse Sandaker-Nielsen said on Saturday that the plane “has not been reliable enough and passengers have been subjected to too many delays.” He declined to detail any of the technical glitches encountered. In the meantime, the Scandinavian low-cost carrier will lease an Airbus SAS A340 to fly on its two new long-haul routes between Stockholm, New York and Bangkok. Norwegian Air Shuttle has ordered eight Dreamliners, but only received two so far.

AUTOMAKERS

Mazda issues US recall

Mazda Motor Corp is recalling 161,400 midsize cars in the US because the doors can open while they are being driven. The recall affects Mazda six car models from 2009 through this year. The company says the door latch mounting screws can loosen, which can stop the doors from latching. If the latches come loose, a door ajar light will warn drivers. Mazda traced the problem to improper tightening at the factory or uneven door surfaces. The company will notify owners and dealers will put on a thread-locking adhesive and tighten the screws. The recall will start sometime next month. Mazda says the problem has not caused any crashes or injuries.

OIL

Key Yemeni pipeline fixed

Yemen’s main oil export pipeline has started working again after damage caused by a bomb attack earlier this month was repaired, security and oil sources said on Saturday. Tribesmen attacked the pipeline in central Maarib Province on Sept. 14 — their fourth assault on it in a month — halting flows to the Ras Isa terminal on the Red Sea. Groups often damage or destroy pipelines to press Sana’a to provide jobs, settle land disputes or free relatives from prison. The impoverished country, which relies on crude exports to finance up to 70 percent of budget spending, is struggling to reassert state control against one of the most active franchises of the al-Qaeda network.

ECONOMY

German inflation beats Spain

Inflation in Germany, the guardian of price stability in the eurozone, is outstripping that of Spain by the widest margin since the creation of the EU’s single currency. Spanish consumer prices rose 0.5 percent this month from a year ago, compared with a 1.6 percent increase in the bloc’s largest economy, according to a EU-harmonized price gauge. The 1.1 percentage-point difference exceeded the 1 point spread that opened between the indices in June 2009, during the first wave of the global financial crisis, according to Germany’s Federal Statistics Institute’s press release on Friday.

FINANCE

CME delays market launch

CME Group Inc, the world’s largest futures exchange, delayed the introduction of its planned London-based market for the second time because of a “technical issue around the delivery of physical currencies.” The company said it is working with UK regulators to gain recognition for the exchange, known as CME Europe, and gave no new start date for the venue, according to a notice to customers obtained by Bloomberg News on Friday. CME said in June that the venue would begin operations on Sept. 9. Earlier this month, it pushed back the date to yesterday.

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