Economy

US-China Relations
Trump: China to buy 200 Boeing planes – fewer than expected

President Donald Trump says China has agreed to buy 200 Boeing aircraft, CNBC reports.

A major aircraft deal was expected during Trump's visit to China. Analysts had expected a larger order, around 500 planes, according to the channel. Boeing CEO Kelly Ortberg is on the trip, among others.

The tours surrounding the Boeing plane
Boeing to pay half a billion in damages after plane crash

Relatives of one of the victims of the Boeing crash in Ethiopia in 2019 will receive damages of 49.5 million dollars, equivalent to over 461 million kronor. This is reported by TT, which refers to a court decision in the US.

The accident with a Boeing 737 Max plane claimed 157 lives and, together with an earlier crash in Indonesia, led to the aircraft model being taken out of service globally.

Middle East crisis Economic effects
Holiday trips no longer threatened: “Good inflow”

Despite the global fuel crisis, there is now reassuring news for those planning a flight this summer. Summer holiday trips do not appear to be threatened, according to Swedavia's aviation marketing manager Elizabeth Axtelius.

– Right now there is a good inflow of fuel to our airports, she tells SvD.

The thousands of cancelled flights that have been reported recently mainly concern routes where there are alternative departures on the same day, according to SAS's communications manager Alexandra Lindgren Kaoukji. In Sweden, the Malmö–Arlanda route is affected, among other things. 

The new space race
Pension giants' concerns: Musk gains too much power in Space X

Heads of three of the US's four public pension funds warn that Elon Musk will gain too much power over SpaceX after the rocket company's upcoming IPO, Reuters reports.

The criticism comes from the New York State Common Retirement Fund, New York City Pension Funds and California-based and the largest pension fund in the United States, Calpers. They believe that Musk risks gaining too much control over voting rights in the stock, while at the same time gaining veto power against being removed as CEO and protection from lawsuits.

“We are writing to express our great concern about the reported new and extreme governance structure and rules that SpaceX is planning,” the officials write.

SpaceX backing away from parts of the corporate governance structure and giving minority shareholders greater influence are some of the trio’s demands.

Sugar ban in India could pressure the world market

India is banning sugar exports for more than four months to secure domestic supply, Bloomberg reports.

The decision comes after lowered production forecasts and concerns about weaker harvests. The announcement is expected to reduce supply globally and could contribute to rising prices.

India is the world's second largest sugar producer and has a major influence on the world market.