Geely said the divestment is “in accordance with its long-term strategy” and that it will remain Volvo’s second-largest investor.

Alaska shares gained 5% in New York after earlier rising as much as 7.1%, the most in more than two years.

The company posted a $127.5 million profit in the opening months of the year, down from nearly $200 million in Q1 of 2023.

One witness said there was a disconnect between Boeing management's words about safety and what workers observe on the factory floor.

In October, Brink’s sued Air Canada, accusing the country’s largest airline of “negligence and carelessness.” Air Canada rejected the allegations. 

The Malaysian flag carrier will reroute flights to avoid airspace over parts of the Middle East, requiring more fuel and spurring the need to lighten its load.

Biden criticized what he labeled "unfair Chinese trade practices," where below-market cost steel has flooded into the global shipbuilding market.

Without the pandemic, the global container market would have been 198.1 million TEUs in 2023. Instead, it was only 171.0 million TEUs, BIMCO said.

The carmaker will use machines with about 6,000 tons of force to make the rear floors of EVs to be sold from fiscal 2027 onward.

Secretary Yellen said she expects "additional sanctions" against Iran sometime in the coming days.