Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries

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FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio

SAO PAULO (Reuters) – Planemaker Embraer (EMBR3.SA) said Tuesday it delivered just five commercial jets in the first quarter, less than half of what it delivered a year ago, blaming the drop on preparations for a deal with Boeing Co (BA.N) that fell apart last month.

Embraer had hoped Boeing’s takeover of its commercial plane division for $4.2 billion would bring much-needed marketing power to its midsize jets, which have

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Trump blames WHO for getting coronavirus pandemic wrong, threatens to withhold funding

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U.S. President Donald Trump responds to a question about the Department of Health and Human Services Inspector General’s report on the shortage of novel coronavirus tests for hospitals during the daily coronavirus task force briefing at the White House in Washington, U.S., April 6, 2020.

Kevin Lemarque | Reuters

President Donald Trump blamed the World Health Organization for getting “every aspect” of the coronavirus pandemic wrong and threatened to withhold funding from the international organization.

“They did give us some pretty bad play calling … with regard to us, they’re taking a lot of heat because they didn’t want the

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Saudi wants cooperation to bolster oil, blames Russia for turmoil: Gulf source

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DUBAI (Reuters) – Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia’s opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.

International crude prices have fallen over 50 percent to under $26 a barrel since March 6, when Saudi Arabia, de facto leader of the Organisation of Petroleum Exporting Countries, and non-OPEC producers led by Russia failed to agree on a joint supply policy in response to the precipitous fall in fuel demand caused by coronavirus pandemic.

U.S. President

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