London (CNN Business) 1. Boeing latest: The pilots of Ethiopian Airlines Flight 302 followed proper procedures but were not able to control the aircraft before it crashed, Ethiopian Transportation Ministry officials said Thursday.

The findings, part of preliminary report on the tragedy produced by the ministry, are likely to place significant pressure on airplane manufacturer Boeing.

Boeing BA The crash of the Boeing 737 Max 8 was the second in less than six months. Shares inwere little changed in extended trading.

Boeing did not immediately respond to the report, but it has said it will work with global regulators to investigate the cause of the crash.

2. India slashes rates: India's central bank cut interest rates for the second time in two months on Thursday, just days before crucial election.