Business

JERUSALEM, March 11 (Xinhua) -- Mellanox Technologies, an Israel-based chip maker, said on Monday that U.S. computer giant Nvidia Corporation agreed to buy it for about 6.9 billion U.S. dollars in cash.

"Nvidia and Mellanox today announced that the companies have reached a definitive agreement under which Nvidia will acquire Mellanox," Mellanox said in a statement.

SAN FRANCISCO, March 11 (Xinhua) -- U.S. top aircraft manufacturer Boeing has postponed the debut of 777X airplane previously planned for this week, local media reported on Sunday night.

The company has decided to delay the unveiling ceremony of the 777X originally slated for Wednesday and will look for another opportunity for its debut, a Boeing employee responsible for media affairs, who preferred to remain anonymous, confirmed to Xinhua on Monday.

SINGAPORE, March 12 (Xinhua) -- The Civil Aviation Authority of Singapore (CAAS) is temporarily suspending all Boeing 737 MAX flights in its airspace on Tuesday days after a plane crash in Ethiopia.

The aviation regulator explained that the decision was made "in light of two fatal accidents involving Boeing 737 MAX aircraft in less than five months."

LONDON, March 11 (Xinhua) -- British Prime Minister Theresa May on Monday secured "legally binding" changes to her Brexit deal just less than 24 hours before a meaningful vote in the parliament on it, according to senior British official here.

David Lidington, the British Cabinet Office minister, told the House of Commons that the parliament will vote on this "improved" deal on Tuesday.

Paris, Mar 11 (AFP) Crude production is set to continue expanding in the United States thanks to shale oil, with the country becoming a net exporter from 2021, a development which should reinforce global energy security, the IEA said Monday.

"The second wave of the US shale revolution is coming," Fatih Birol, the executive director of the International Energy Agency, said in a statement.

New Delhi, Mar 11 (PTI) Cash-strapped Jet Airways said Monday it is not operating any of the five Boeing 737 MAX in its fleet.

The statement of the airline, which has grounded a significant number of planes, comes amid aviation regulator DGCA being asked to undertake a safety assessment of 737 MAX aircraft following the crash of such a plane in Ethiopia on Sunday.

International transfers of heavy weapons increased by almost 8 percent in the 2014-2018 period compared with 2009-2013, according to a report published by the Sweden-based Stockholm International Peace Research Institute (SIPRI) on Monday.

The United States bolstered its status as the world's biggest arms supplier, transferring more than a third of all weapons sold during the past five years.

SIPRI's findings

11 Mar 2019; DW: Iranian President Hassan Rouhani arrived in neighboring Iraq on Monday to kick off a three-day visit as the Islamic Republic is under mounting US pressure over its regional influence.

11 Mar 2019; DW: A report released by a London think tank on Monday said that 275 financial firms are in the process of transferring a combined $1.2 trillion (€1.06 trillion) worth of funds, assets and staff from Britain to the EU. The "Brexitometer," published by the New Financial think tank, said that the moves are an "inevitable consequence" of the "political circumstances" surrounding Brexit.

The Ethiopian Airlines crash that killed all 157 people on board on Friday was the second fatal crash involving a Boeing 737 MAX 8 within the past six months. In October, a Lion Air flight crashed shortly after taking off from Jakarta, Indonesia, killing all 189 passengers and crew.

The two incidents have raised concerns about the MAX, which Boeing launched less than two years ago. Here is what we know about the aircraft and the two crashes it has been involved in.

What is the Boeing 737 MAX?