May 9 (Reuters) - The U.S. Securities and Exchange Commission is investigating statements made by planemaker Boeing Co. about its safety practices after a panel blew out mid-air on a 737 MAX flight operated by Alaska Airlines in January, Bloomberg Law reported on Thursday. (Reporting by Ananta Agarwal in Bengaluru; Editing by Pooja Desai)
Chip giants ASML and TSMC have a remote shutdown option for their advanced EUV chipmaking machines, Bloomberg reported.
Aggregate demand momentum in India is rising, with the overall non-food spending being pushed up by green shoots in rural spending recovery, the Reserve Bank of India said in its monthly bulletin on Tuesday. Rural demand for fast moving consumer goods (FMCG) has outpaced urban markets for the first time in at least two years, the bulletin said.
STORY: Thirteen minutes after a Lion Air 737 MAX plane took off from Jakarta, Indonesia, in October 2018 it crashed into the sea, killing all 189 people on board. Five months later an Ethiopian Airlines 737 MAX crashed just six minutes after takeoff, killing 157 people. There is renewed scrutiny of Boeing – the company that makes the 737 MAX – after subsequent safety incidents, including a mid-air cabin panel blowout on an Alaska Airlines flight in January 2024. Here’s a timeline of events in Boeing's 737 MAX crisis. :: 2017 In March 2017, the 737 MAX gains U.S. Federal Aviation Administration.:: 2018 Just over a year later Lion Air Flight 610 crashes into the Java Sea, killing all on board. In November, the FAA, and Boeing say they are evaluating software or design changes to 737 MAX jets following the crash. :: 2019 On March 10, 2019, Ethiopian Airlines Flight 302 crashes, leaving 157 people dead. Days later, the FAA and other global regulators ground the 737 MAX, citing evidence of similarities between the two fatal crashes. By April, the FAA says it is forming an international safety review team.:: Released April 4, 2019"We at Boeing are sorry for the lives lost in the recent 737 MAX accidents."Boeing cuts MAX production by 20%. In May, it's revealed that Boeing did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s.In October Boeing fires the top executive of its commercial airplanes division, the first high-level departure since the two fatal crashes. That December, Boeing announces it will suspend 737 MAX production in January and fires CEO Dennis Muilenburg. :: 2020 In March 2020, Ethiopian investigators single out faulty systems on a 737 MAX plane in an interim report on the crash.And in May, Boeing says it has resumed redesigned 737 MAX production at a “low rate.” By July 2020 Boeing reaches settlement agreements in more than 90% of the wrongful death claims filed in federal court after the 2018 Lion Air crash. :: July 17, 2019PAUL NJOROGE, FAMILY MEMBER OF CRASH VICTIMS: "The Boeing 737 MAX crashes killed my wife, my three children..."An investigation by a U.S. House of Representatives panel in September finds Boeing failed in its design and development of the MAX as well as its transparency with the FAA, and that the FAA failed in its oversight and certification. In November the grounding order is lifted. :: 2021Now more than two years after the Lion Air crash, Boeing agrees with the DOJ to pay $2.5 billion to resolve a criminal investigation into the company’s conduct. The agreement includes money for victims’ relatives and requires Boeing to overhaul its compliance practices. In April Boeing halts 737 MAX deliveries after electrical problems re-ground part of the fleet. By November, current and former Boeing company directors reach a $237.5 million settlement with shareholders to settle lawsuits over safety oversight of the 737 MAX. :: 2023 In April, Boeing pauses deliveries of some 737 MAXs to deal with a new supplier quality problem involving non-compliant fittings. By August, Boeing identifies a new 737 MAX supplier quality problem involving improperly drilled holes on the aft pressure bulkhead.:: 2024:: Instagram/@strawberrvyA mid-air cabin panel blowout compels an Alaska Airlines flight to perform an emergency landing of its recently acquired 737 MAX 9 aircraft in January 2024, prompting the FAA to ground 171 of the jets and initiate an investigation. A preliminary report by the U.S. National Transportation Safety Board (NTSB) finds the door panel appeared to be missing four key bolts. In March, the FAA’s 737 MAX production audit finds multiple instances where Boeing and Spirit AeroSystems allegedly failed to comply with quality control requirements. By April, Boeing is hit with further whistleblower claims alleging the company dismissed safety and quality concerns in the production of 787 and 777 jets. Testimony at the U.S. Senate Permanent Subcommittee on Investigations hearing raises questions about Boeing’s treatment of whistleblowers, the Alaska Airlines incident, and production concerns. In May, 737 MAX crash victims’ families press U.S. officials to criminally prosecute the manufacturer. Also in May The U.S. Justice Department says that Boeing had breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution on a charge of conspiring to defraud the U.S. Federal Aviation Administration over the crashes in 2018 and 2019. Boeing did not immediately respond to a request for comment, but has said it believes it honored the terms of the agreement. The finding raises the prospect Boeing could face criminal prosecution it had previously avoided.
As global markets navigate through technological advancements and heightened cybersecurity measures, the Singapore Exchange (SGX) remains a focal point for investors looking for stability and potential growth. Amidst these evolving dynamics, dividend stocks like DBS Group Holdings offer a particular appeal due to their potential for regular income and relative resilience in fluctuating markets.
The Chinese government threatened retaliatory tariffs on imports of European Union and US-made vehicles following the EU’s move to investigate Chinese EV subsidies and the White House’s tariff escalation on Chinese-made goods.
BEIJING/SHANGHAI (Reuters) -Shares in Chinese electric vehicle maker Xpeng jumped more than 10% on Wednesday driven by revenue growth from research and development services offered to Volkswagen as well as upbeat comments about its goals for gains in self-driving tech. Xpeng, which deepened its partnership with VW in April to co-develop EV architecture, said that those R&D services were primarily responsible for its revenue from services nearly doubling to 1 billion yuan ($138 million) in the first quarter from a year ago. That helped Xpeng's gross margin climb to 12.9% compared with 1.7% a year earlier and 6.2% for the fourth quarter.
(Reuters) -Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential "strategic transaction" have ended. "Those discussions are now mutually terminated and no transaction was agreed upon," Schneider said in a statement. Bentley's shares fell more than 5% on the news, giving the company a market value of $16 billion.
As global markets navigate through fluctuating inflation and interest rates, China's economy presents a unique landscape with its recent government interventions aimed at stabilizing the property sector and spurring domestic demand. Amid these conditions, investors might find appeal in Chinese dividend stocks, particularly those offering substantial yields in a market ripe with government-backed economic stimuli.
Comcast (CMCSA) has released the pricing strategy for its recently announced StreamSaver Bundle. The highly anticipated bundle, which includes Peacock, Netflix (NFLX), and Apple TV+ (AAPL), will be available for a monthly starting price of $15. Yahoo Finance's Alexandra Canal breaks down the details of the bundle, offering insights into its accessibility and potential impact on the streaming landscape. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
‘When I woke up, I found that he was not next to me,’ influencer reveals details of son’s tragic death
Jennifer Lopez wowed in a white plunging ruffled robe dress from Chloé's FW24 ready to wear collection at the Mexican premiere of her new Netflix film, Atlas.
A Singapore Airlines passenger has died and 71 others were injured after the plane encountered extreme turbulence during a flight from London to Singapore on Tuesday. Boeing 777-300ER, carrying 211 passengers and 18 crew members, was about 10 hours into the flight to Singapore when turbulence occurred over Myanmar, leaving a 73-year-old British man dead and six others suffering serious injuries. Photos and videos of the incident have been shared on social media, and passengers have recalled the terrifying moments on the airplane.
JERUSALEM (Reuters) -Israeli television aired previously withheld footage on Wednesday of five pyjama-clad female army conscripts being seized by Hamas gunmen during the Oct. 7 raid that triggered the Gaza war. The captives' families hoped the footage would increase pressure on Prime Minister Benjamin Netanyahu to agree a truce with Hamas and secure the hostages' release. The Netanyahu government saw the release of the subtitled three-minute clip to national and international media as an opportunity to shore up support.
Blues already on the hunt for replacement
‘Girl... he went from I’ll chop the firewood to can you open this pickle jar for me?’
But as the Boeing 777-300R soared above Myanmar it suddenly hit extreme turbulence, wildly throwing passengers, flight attendants and meals around the cabin. "Suddenly the aircraft starts tilting up and there was shaking," Malaysian student Dzafran Azmir said. Many of the other passengers did not, he said.
The EU will be forced to follow Joe Biden’s tariffs against China whether it likes it or not, otherwise Europe will alone face the concentrated trade shock from Xi Jinping’s predatory mercantilism.
The "nightmare situation" reportedly “confirmed their worst fears.”
Passengers have spoken of the terror onboard the Singapore Airlines flight forced to make an emergency landing in severe turbulence in Bangkok
Aviation investigators have arrived in Bangkok to work out what caused the turbulence struck the Singapore Airlines flight from London Heathrow
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