Airbus shares rally after large Chinese order

The Latest: China signs deal to buy 300 Airbus planes

President Macron and Angela Merkel set out a robust European line in front of the Chinese leader at the Élysée Palace yesterday.

In a statement to the media, Xi added, "China will always back European integration and its development". China's ideal scenario would be a united Europe putting some distance from its Transatlantic Alliance with the US.

Both Xi and Macron talked up the virtues of multilateralism.

They did not take questions from press on the potentially prickly issues, however.

After he and Xi meet later on Monday, the two will hold further talks on Tuesday with German Chancellor Angela Merkel and Jean-Claude Juncker, heads of the European Union exective.

ANDRE LOESEKRUG-PIETRI: The fact that Italy joined the Belt and Road Initiative is a major symbolic win for China because it's the first G7 country that is joining.

Europe wants pledges from China that its vast "Belt and Road" project - huge investments in rail and road infrastructure in countries from Asia to Europe, also known as the new "Silk Road" - will be carried out in partnership with the EU.

Earlier, Xi said France and China should build their relationship on "mutual trust, practical cooperation and friendly sentiments".

Jet Airways chairman Goyal steps down, banks take control
It will re-deploy several of its grounded aircraft and renew numerous routes it had temporarily suspended. His wife Anita Goyal also stepped down from the board of the company.

Speaking of Xi's visit to Monaco, Wang said leaders of the two countries have agreed to firmly stick to the correct direction of bilateral relations, adhere to openness and cooperation, and pursue more win-win results so as to jointly elevate the China-Monaco relations into a new era. He said the BRI had to meet worldwide norms. As per the catalog, price and as stated by one French official the deal would cost China around 30 billion euros.

The deals value is nearly double that touted by French President Emmanuel Macron in January 2018 during a trip to Beijing.

Airbus SE secured a US$35 billion ($50.6b) jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a fresh blow to Boeing Co.as it grapples with the grounding of its best-selling jet. "We want our development to benefit others and that's the case with the BRI".

French officials have described China as a both a challenge and partner, saying France must remain vigilant over any attempts by Beijing to appropriate foreign technology for its own means. While European leaders believe they have opened their markets wide to Chinese companies, they see China as having been slow to respond in kind.

As part of efforts to push that approach, Macron will host Merkel and Juncker on Tuesday to meet with Xi to move away from a purely bilateral approach to ties. But France and Germany have not ruled out signing a contract with the Chinese.

"The European Union is based on respect for individual freedoms and fundamental rights", Macron, said on Monday, referring to Beijing's alleged mistreatment of Muslim Uighurs.

China and France announced a dozen business deals on Monday including agreements on nuclear power, cultural exchanges and clean energy on Monday, while Beijing also committed to buy 290 Airbus A320s and 10 A350 airliners from Europe's giant aircraft manufacturer Airbus.

Related news:

Hot News

isis-killer-beheading-video-story-top Severe tropical cyclone Veronica, Sunday 24 March 2019
Mar 28, 2019 - 02:01
Veronica is the third tropical cyclone this season and it comes as cyclone Trevor whips through the Northern Territory. The iron ore mining region is said to be generally well prepared for cyclones that lash its coast frequently.

isis-killer-beheading-video-story-top Trump Admin Now Backs Judge's Ruling To Toss All Of Obamacare
Mar 27, 2019 - 07:55
It creates a national reinsurance program to offset high medical bills for insurers and thereby keep premium increases in check. A few people, including Senate Minority Leader Chuck Schumer (D-N.Y.) took it upon themselves to make some edits to the tweet.

isis-killer-beheading-video-story-top Ashwin Has Attracted A Lot Of Memes By ‘Mankading’ Jos Buttler
Mar 27, 2019 - 07:40
The two protagonists in the latest episode of "Mankading and the ensuing Spirit of Cricket debate", have been there and done that. Kings XI Punjab skipper Ravichandran Ashwin has been heavily criticized all over the cricket world after mankading Jos Buttler .

isis-killer-beheading-video-story-top Hundreds of thousands march in London for a new Brexit referendum
Mar 27, 2019 - 07:33
It said her one chance of getting her Brexit deal approved by parliament was to name a date for her departure. A move to revoke Article 50 would mean the United Kingdom stayed a member of the EU.

isis-killer-beheading-video-story-top Thaksin: Election 'rigged' as allies challenge army
Mar 27, 2019 - 07:33
Leaders of political parties opposed to military rule have urged a high turnout as the only way to derail Prayuth's plans. And in Thailand, which has seen 12 coups since 1932, instability increases the odds of another military takeover.

isis-killer-beheading-video-story-top Williams withdraws from Miami Open
Mar 27, 2019 - 05:59
Williams had been due to face 18th seed Wang Qiang of China, who defeated Johanna Konta in the second round yesterday. Osaka served for the match up 6-4, 5-4, 30-0 but Hsieh never stopped fighting.

isis-killer-beheading-video-story-top Huawei Announces New Smartphone Flagships
Mar 27, 2019 - 05:23
Huawei's self-developed artificial intelligence (AI) systems are also likely to be a central part of the new devices. Its upcoming flagship, the P30 Pro , will feature 10x hybrid zoom and other impressive camera capabilities.

isis-killer-beheading-video-story-top Mozambique says death toll rises to 446 after cyclone
Mar 27, 2019 - 04:35
Authorities say the death toll of at least 761 is "very preliminary" and more bodies will be found as floodwaters drain away. The agency said relief efforts were ongoing for Zimbabwe where supplies would be distributed "as soon as possible".

isis-killer-beheading-video-story-top British Parliament meets today, but few are clear on next Brexit steps
Mar 26, 2019 - 07:45
Most of the alleged plotters are Brexit backers who fear the terms of Britain's departure will be watered down or even reversed. And, in any event, the European Union appears to be more prepared for that for which they can not prepare than Britain.

isis-killer-beheading-video-story-top The Russians Have Landed Planes Full Of Troops, Military Advisers In Venezuela
Mar 26, 2019 - 07:21
China, Cuba, Russia and a number of other countries have endorsed Maduro as Venezuela's only legitimate president. Russian Federation has warned the United States and neighbors against a military intervention in Venezuela.

isis-killer-beheading-video-story-top Fed rate hike, rate cut both 'on the table': Bostic
Mar 26, 2019 - 05:16
But he added, "over time obviously we want to reduce that balance sheet and not have these massive amounts of debt". As if to accentuate the impression that he values political loyalty and ideology over all other qualities, Mr.

isis-killer-beheading-video-story-top Apple announces AirPods 2 with wireless charging case
Mar 26, 2019 - 03:04
Some of these upgrades have been a long time coming, like the iPad mini and the iMac which have not been updated for years. The good news is that no one is sold out of AirPods 2 yet, so you can buy the new AirPods and get them soon.

isis-killer-beheading-video-story-top No deal Brexit would be catastrophic for United Kingdom economy - Philip Hammond
Mar 25, 2019 - 14:53
It is also conceivable that MPs failing to reach an agreement on the Brexit deal could wait until April 12 for a no-deal Brexit. Finance Minister Philip Hammond said that a change of prime minister at this stage would not help to break the Brexit impasse.

isis-killer-beheading-video-story-top Five things we've learned about the Mueller report
Mar 25, 2019 - 14:52
Barr has decided not to bring obstruction of justice charges against Trump to impede the investigation. Mueller has left it to the attorney general to take a final call on whether a crime was committed.

isis-killer-beheading-video-story-top Deepika Padukone’s acid attack survivor first look in Chhapaak out
Mar 25, 2019 - 14:26
"You know it is about an acid attack survivor, how she, along with Alok, overcomes all the troubles that she goes through". The film is being helmed by " Raazi " fame director Meghna Gulzar and Vikrant Massey play an important role in the movie.