Flash Briefing: Group Five collapses; Henley UK cancels full-time MBA; Boeing's troubles deepen; VW doubles down on electric cars

In today’s global business headlines… Aircraft maker Boeing’s troubles deepened yesterday as European regulators joined China, Ethiopia and Indonesia in grounding the company’s 737 MAX planes. German group Volkswagen, which sold almost 11m vehicles worldwide last year, is doubling down on electric cars. Henley Business School in the UK has cancelled this year’s full-time MBA after demand for the one year course collapsed. South African construction company Group Five was yesterday put into business rescue.