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Boeing says it is working on changes to the training and operation of its 737 Max plane that has suffered two major crashes within six months.

The U.S. plane maker is under huge pressure to satisfy regulators after the crash of Ethiopian Airlines Flight 302 on March 10, which killed all 157 people on board. Investigators have said there are “clear similarities” between that flight and a 737 Max crash in Indonesia in October that killed all 189 on board.

Boeing’s vice president for commercial plane marketing, Randy Tinseth, told a Bank of America Merrill Lynch conference in London on Thursday that he expected the Federal Aviation Administration (FAA) to certify updates to the jet’s flight control software, on board displays, flight manual and training.

“We have gone through steps such as working with it in a simulator, we flight tested the improvements and we are working with the FAA towards certification, and we believe that will happen in coming weeks,” said Tinseth.

Boeing’s chief salesman said data from the Ethiopian crash was still filtering through and it was still to draw full conclusions about the crash.

As investigations continue, the plane has been grounded by several jurisdictions around the world.

Crash investigators in both accidents are focusing on the plane’s stall-prevention system, known as the maneuvering characteristics augmentation system. It has been reported that the system may have forced the plane’s nose down following erroneous data from just one sensor.

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Oil's recent price surge won't last, economists predict

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Sluggish global growth and an increase in U.S. output both signal the end of the recent rally in oil prices, economic research consultancy Capital Economics has suggested.

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US GDP grows by 3.2% in the first quarter

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The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in six years.

First-quarter GDP expanded by 3.2% in the first quarter, the Bureau of Economic Analysis said in its initial read of the economy for that period. Economists polled by Dow Jones expected the U.S. economy increased by 2.5% in the first quarter. It was the first time since 2013 that first-quarter GDP topped 3%.

Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Economic growth also got a lift from strong investments in intellectual property products. Those investments expanded by 8.6%.

“The upside beat was helped by net trade (exports jumped while imports contracted sharply) and inventories which combined contributed almost 170 bps of the rise,” wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Personal spending though, the biggest component was up just 1.2%, two tenths more than expected as an increase in spending on services and nondurable goods offset a decline in spending on durable goods.”

Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.

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Trump tariff threat on autos could bring a German recession

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A trade war between the United States and Europe is coming and the fallout could tip Germany into recession, according to analysts at German lender Commerzbank.

EU leaders have now agreed to negotiate fresh trade arrangements with Washington but have restricted the talks to industrial goods only. That scope of debate is likely to irk President Donald Trump who is under pressure from Congress to win access to EU agriculture markets.

In February, Trump said he would impose tariffs on cars imported from the European Union if U.S. talks with the bloc can’t produce a new deal. The EU has since threatened to tax 20 billion euros ($22 billion) worth of U.S. goods.

Both sides have cautiously hung on to existing agreements, promising to take no action until talks are concluded.

In a research report Friday, analysts at Commerzbank said the chances of a trade deal that satisfied both European leaders and U.S. lawmakers looked slim. It noted that France, holding a powerful voice in the corridors of Brussels, had already erected a serious barrier.

“President (Emmanuel) Macron has already voted against opening negotiations with the U.S. because the U.S. is no longer participating in the 2015 Paris Climate Agreement,” noted Commerzbank.

The bank said on the other side of the ledger, U.S. Congress has made it clear that it will not rubberstamp any agreement that excludes agriculture — a tricky proposition given many EU nations fiercely protect prices paid to their farmers.

“It is therefore likely that Donald Trump will announce the imposition of duties — probably at rates of 25% — on imports of autos and auto parts from the EU,” said Commerzbank.

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