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…
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…
Boeing to cut 10% workforce, delay 777X delivery as strike takes toll | Workers’ Rights News
The strike is costing Boeing $1bn a month, making it critical for the firm to end the work stoppage.United States-based plane maker Boeing will cut…
India’s Ratan Tata, the man who knew how to ‘think big and bold’ | Obituaries News
A greying, slightly bent man asked for a table for two at the Sea Lounge, the iconic coffee shop at the Taj Hotels’ flagship hotel in…
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…
Ratan Tata, ‘titan’ of Indian business, dies at 86 | Business and Economy News
Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was 86. Tata Sons chairman N…
Trump calls for taking other nations’ companies but lays out few specifics | US Election 2024 News
Donald Trump has pledged not only to stop US businesses from offshoring jobs, but also to take other countries’ jobs and factories in part through…
Markets lookahead: Global manufacturing PMIs, SNB, and RBA rate decision
This week is packed with key economic data and events, including manufacturing and services PMIs from major economies, alongside interest rate decisions from the Swiss…
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…
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…
EU lists lower tariff on China-made Teslas as it revises duties | Trade War News
EU changes its punitive duties on imports of Chinese-made EVs, including those made in joint ventures with EU firms.The European Union has slashed its planned…
Bangladesh economy under pressure amid ‘uncharted’ political turmoil | Sheikh Hasina News
Hopes that interim government under Muhammad Yunus can restore stability and address country’s inequalities.The student protests that have rocked Bangladesh since July 1 and led…
In India’s Assam, ‘hopes dashed’ for high returns on oil palm production | Business and Economy
Jorhat, India: Priya Ram Duwarah has planted 60 oil palm seedlings in his half-hectare (1.2 acres) of agricultural land at Mohara village in Jorhat district…
Surging demand, soaring price tags lead to fake Ozempic doses | Business and Economy
Around the globe, the growing class of weight loss drugs called GLP-1 agonists has been a game-changer. This includes the blockbuster drug semaglutide, better known…
Yellen Rebuffs Trump Argument on Dollar Hurting US Manufacturing
Breadcrumb Trail LinksPMN BusinessIn former President Donald Trump’s view, a strong dollar is walloping US manufacturers. For Treasury Secretary Janet Yellen, it’s just not that…
China Defends Manufacturing Push, Says World Needs More EVs
Breadcrumb Trail LinksPMN BusinessChina’s manufacturing capacity is helping the world fight climate change and contain inflation, said Vice Finance Minister Liao Min, pushing back against…
Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments | US Election 2024 News
US told allies it is considering using the most severe trade curbs available if companies continue giving Beijing access to advanced semiconductor technology.Wall Street’s semiconductor…