Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.

In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.

Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.

With Amazon on its heels, the nation’s biggest company by revenue is hunting for ways to continue growing.

The U.S. government could seek to extend a probationary period for the plane maker or prosecute it for earlier misconduct.