Hit by Boeing strike, supplier Spirit Aero to furlough 700 employees | Aviation News
Spirit says it does not have additional space to store the 767 and 777 fuselages it builds for Boeing planes.Spirit AeroSystems has told employees that…
Boeing shores up finances even as striking workers rally | Workers’ Rights News
In a move to shore up its sagging finances, Boeing has announced plans to raise up to $25bn through stock and debt offerings and a…
Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback | Financial Markets
Kuala Lumpur, Malaysia – Malaysia’s stock market is experiencing a steady revival as billions of dollars pour into an exchange once written off as one…
Acting US labour secretary to meet with Boeing and union to end impasse | Workers’ Rights News
Julie Su’s intervention comes days after Boeing unveiled plans to cut 10 percent of its workforce as labour negotiations came to a halt.United States Acting…
Tesla’s robotaxi event was long on Musk promises, short on details | Automotive Industry News
For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of its…
TD Bank pleads guilty to US charges, faces business restrictions | Money Laundering News
Federal authorities began probing TD’s internal controls after agents discovered a Chinese criminal operation bribed employees and brought large bags of cash into branches to…
Boeing, union at strike impasse as company halts talks, withdraws pay offer | Labour Rights News
The nearly four-week-old strike between Boeing and its key manufacturing union are showing no signs of a breakthrough after talks broke down, with no new…
US plan to break up Google’s search dominance will hit profits | Technology News
Some experts said the broad remedies suggested by the DOJ will not survive the appeals process.The United States Department of Justice’s proposed remedies to break…
US judge orders Google to open up app store to competition | Technology News
A US judge said that for three years, Google must allow users to download competing third-party Android app platforms or stores.A United States judge has…
The US Fed cut interest rates by more than expected. So what? | Business and Economy News
The bigger-than-expected cut in interest rates by the United States Federal Reserve may have sent the stock market cheering, but its impact on the economy,…
Generation rent: How youth are battling the global housing crisis | Housing
We dive into the global housing crisis and explore how young people are finding creative ways to build community.As housing prices soar globally, more people…
US Fed cuts rates by larger than usual half-percentage point | Inflation News
Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this yearThe United States Federal Reserve has…
Murdoch succession drama plays out in closed US court | Media News
Rupert Murdoch’s proposed amendment would reportedly block any interference by three of his oldest son Lachlan’s siblings, who are more politically moderate.A battle over control…
Boeing freezes hires, weighs furloughs to cut costs in labour strike | Labour Rights News
Boeing is freezing hiring and is weighing temporary furloughs in the coming weeks to manage costs as a strike by more than 30,000 Boeing workers…
Ratings agencies warn of downgrade if Boeing strike prolonged | Labour Rights News
Boeing’s management will likely need to access new sources of liquidity in the event of a prolonged strike.Fitch Ratings and Moody’s have joined S&P Global…
US House passes bill targeting China that would limit EV tax credits | Trade War News
A group of automakers says the bill makes fewer vehicles eligible for the tax credits.The United States House of Representatives has narrowly voted to approve…
Boeing workers ‘ready to go on strike’ if demands unmet | Workers’ Rights News
Boeing’s United States West Coast factory workers stood in long lines to vote on Thursday on a much-criticised new contract, some loudly calling for a…
Investors scramble to shift positions after Trump-Harris debate | US Election 2024 News
Investors are scrambling to shift their positioning following the closely-watched debate between US Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets…
Europe’s top court backs crackdown on Apple and Google | Tax News
European Commission directed Apple to pay billions in back taxes, an order upheld by the EU’s top court.European Union antitrust chief Margrethe Vestager has scored…
Apple launches AI iPhone as Huawei casts shadow with tri-fold phone | Technology News
Apple has unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The…