Company news in brief

Airbus fails to break deadlock on AirAsia A330neo jet orderAirbus has failed to break an impasse with AirAsia over the fate of a multi-billion-dollar order seen as key to the future of its A330neo passenger jet, people familiar with the matter said.AirAsia co-founder Tony Fernandes visited the planemaker this week for talks aimed at shoring up and increasing the existing order for 66 jets, but left Toulouse without signing a deal after what one source described as challenging talks.-NAMPA/REUTERSCredit Suisse pays US$77 million to settle Asia hiring corruption probesCredit Suisse Group AG agreed to pay about US$77 million to settle US bribery probes into its awarding of jobs to family and friends of Chinese and other government officials in the Asia-Pacific region, to win lucrative investment banking business.The US Department of Justice on Thursday said Credit Suisse’s Hong Kong unit will pay a US$47.03 million criminal fine and enter a non-prosecution agreement, in which the Swiss bank admitted and accepted responsibility for wrongdoing.Credit Suisse will also pay US$29.82 million to settle related US Securities and Exchange Commission civil claims.-NAMPA/REUTERS'Sacred Games' marks Netflix debut into Indian original seriesNetflix’s first Indian original series makes its debut on Friday, the first of a slate of new shows aimed at the vast Bollywood entertainment market.“Sacred Games,” based on the 2006 novel by Vikram Chandra, is a thriller set in Mumbai with a cast of police officers, politicians and spies, and stars some of Bollywood’s biggest personalities: Saif Ali Khan, Nawazuddin Siddiqui and Radhika Apte.-NAMPA/REUTERSBoeing to take over US$4.75 billion Embraer unitBoeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new US$4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly.The new company, encompassing Embraer’s airliner business, thrusts Boeing into the lower end of the market, giving stiffer competition to the CSeries jets designed by Canada’s Bombardier Inc and backed by European rival Airbus SE.-NAMPA/REUTERSChina's ZTE names new top executivesZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on US firms supplying parts to China’s second-biggest telecommunications equipment maker.ZTE, in a statement to the stock exchange on Thursday, named a former head of its Germany business, Xu Ziyang, as its new chief executive.Wang Xiyu, Gu Junying and Li Ying have been named executive vice presidents, the statement showed. Li Ying was also appointed chief financial officer.-Nampa/Reuters

Company news in brief

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Namibian Sun 2025-07-16

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Company news in brief

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Namibian Sun 2025-07-16

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