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Reuters Videos
Boeing finds new flaws in 787 jets: sources
STORY: Boeing has found more quality problems on its jets. Reuters sources say the issues this time concern its 787 widebody planes. They say the aerospace giant has found hundreds of incorrectly tightened fasteners on some undelivered aircraft. The sources say the problem was discovered at plant in South Carolina, with the fasteners found to have been tightened from the wrong end. There is no immediate concern about flight safety, but one source says Boeing is trying to understand how the problem arose - and how much work it must do to remedy the issue.The company confirmed the checks to Reuters, and said there would be no impact on deliveries. Even so, it’s another concern for investors after a series of quality control issues at the company. Some of its big-selling 737 MAX jets were grounded for a time earlier this year after a midair blowout on one of the planes. The Federal Aviation Administration has blocked a plan to raise output of the model, while Boeing takes steps to ensure manufacturing quality. Regulators said they were aware of the new concerns regarding the 787, and would work with the company to determine appropriate action. Boeing shares are down around 30% this year amid all the problems.
South China Morning Post
Tech war: China's top memory chip maker YMTC sees rising domestic demand, defying US curbs
China's top memory chip maker, Yangtze Memory Technologies Corporation (YMTC), is seeing a surge in demand for its flash memory chips, which have become a top choice for local clients, particularly those working in government and military-related projects, as Beijing strives to cut reliance on foreign semiconductor products. Demand for locally manufactured components, from graphics processing units to flash memory chips, has been surging, as China embarks on an ambitious drive to expand computin
The Daily Beast
Giuliani FINALLY Scores a Legal Win in the Battle of the Bozos
It should have been a matchup for the ages. In the red corner, a disgraced former elected official who is currently facing criminal charges and a $148 million ruling against him in a defamation case. In the blue corner, the son of a sitting American president who’s just made history by being found guilty for lying about his illegal drug use when buying a gun.But the head-to-head battle of two of the most ignominious figures in American political life is no longer happening. Hunter Biden has agre
South China Morning Post
Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform
Huawei Technologies' mobile platform HarmonyOS has overtaken Apple's iOS to become the second-biggest mobile operating system in mainland China in the first quarter, according to the latest market data from Counterpoint Research. HarmonyOS accounted for a 17 per cent share in the first quarter to surpass iOS for the first time in the world's biggest smartphone market, as strong domestic demand for Huawei's latest 5G handsets drove up adoption of the Shenzhen-based company's self-developed mobile
AFP News
G7 summit turns to simmering tensions with China
G7 leaders turn their attention to China on Friday on the second day of an Italy summit, with a focus on how to protect their industries while avoiding an outright trade war with Beijing.Another focus Friday is China's recent restrictions on exports of minerals such as gallium, germanium and graphite, which are critical in industries such as telecommunications and electric vehicles.
Reuters
EU pork industry faces 'nightmare' if China restricts imports
Europe's pork industry faces a "nightmare scenario" of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. China imported $6 billion worth of pork, including offal, in 2023 and more than half came from the EU, Chinese customs data showed. Ending those orders would result in a huge loss of business for Europe's meat industry.
GOBankingRates
7 Common Mistakes That Will Keep You From Retiring Wealthy
Proper planning is crucial if you want to retire wealthy. Here are some common mistakes you’ll want to avoid, as they can seriously deter your plans.
The Telegraph
The world is using more oil, coal and gas than ever before and will use more. Net Zero is dead
A recent flurry of forecasts offers us a range of different views on what’s happening to the global demand for, and use of, crude oil. One thing seems to be clear, however: the chances of net zero carbon emissions in the near term – ie, by 2050 – are basically zero.
GOBankingRates
10 Part-Time Jobs That Can Make You Richer Than a Full-Time Job
It's not always the nine-to-five, Monday-to-Friday jobs that always are going to be the most lucrative. Sometimes its the jobs that you least expect where just having certain certifications, skills,...
Barrons.com
Tesla's New Business?
Musk dropped hints about a potential new business for Tesla. Each Tesla has a computer in it, those computers aren't being used all the time. When the Tesla fleet is large, the amount of computing power available to do other things is also large.
Moneywise
Housekeepers in Florida now make $150K/year — as the wealthy flee high-tax states like New York for the South
Some can even earn up to $250,000 a year.
Reuters
Swedish government says no to new power cable to Germany
The Swedish government has turned down an application to build a new subsea power connection between Sweden and Germany, the 700 megawatts Hansa PowerBridge project, because the German market is not efficient enough, it said on Friday. "We can't connect southern Sweden, which has a large deficit in electricity production, with Germany, where the electricity market today does not function efficiently," Energy Minister Ebba Busch said in a statement. "That would risk leading to higher prices and a more unstable electricity market in Sweden," she said.
GOBankingRates
Have $500,000 in Retirement Savings? Here’s How Much You Could Spend per Year
For a comfortable retirement, 26% of overall Americans said they would need anywhere from $500,000 to $1 million. This key takeaway comes from a GOBankingRates January 2024 survey polling 1,005...
Reuters
Google loses bid to end US antitrust case over digital advertising
Alphabet's Google must face trial on U.S. antitrust enforcers' claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on Friday. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, denied Google's motion during a hearing, according to court records. Google had argued for a win without a trial, saying that antitrust laws do not block companies from refusing to deal with rivals and that regulators had not accurately defined the ad tech market.
Reuters
Canada's parliament grills bank CEOs on climate policy in rare meeting
The CEOs of Canada's big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel extraction would take time and more works need to be done to reach net zero emissions. In a rare meeting, MPs grilled the heads of Royal Bank of Canada, TD Bank Bank of Montreal, Bank of Nova Scotia and CIBC appeared via videolink before a House of Commons committee to answer questions about any steps their banks are taking to help reduce greenhouse gas emissions and steer away from fossil fuel funding. Canadian banks, among the biggest oil and gas financiers in the world, have come under pressure over recent years with demands to change their lending practices that contribute to climate change.
SmartAsset
I'm 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What's My Retirement Budget?
For an average single person planning to stop working at 64, a $1.2 million 401(k) account and $2,800 Social Security benefit could provide enough income to make ends meet during retirement. Widely used guidelines suggest your annual income may be around $81,600, which may or may not be more than your annual expenses. Much depends […] The post I’m 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What’s My Retirement Budget? appeared first on SmartReads by SmartAsset.
Moneywise
3 reasons why boomers are eating through their retirement savings so quickly — how to preserve your nest egg
High costs aren’t helping.
Reuters
Oil dips, but posts weekly gain on solid 2024 demand outlook
NEW YORK (Reuters) -Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. Brent crude futures settled down 13 cents at $82.62 a barrel, while West Texas Intermediate (WTI) U.S. crude futures were down 17 cents at $78.54. Both benchmarks slipped after a survey showed U.S. consumer sentiment weakened in June to a seven-month low.
The Telegraph
Russell Brand’s behaviour was ‘tolerated’ by TV bosses, report finds
Russell Brand’s behaviour was tolerated by television bosses as “Russell being Russell”, despite informal complaints being raised, according to an investigation.
INSIDER
An American Airlines passenger who was duct-taped to a first-class seat over unruly behavior is being sued by the FAA for $82,000
The FAA accused Heather Wells of hitting a flight attendant and trying to open the cabin door before she was restrained with duct tape over her mouth.

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Yew Digital Lock Becomes Sole Authorized Dealer for Solity in Singapore

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Latest stories

Boeing finds new flaws in 787 jets: sources

Tech war: China's top memory chip maker YMTC sees rising domestic demand, defying US curbs

Giuliani FINALLY Scores a Legal Win in the Battle of the Bozos

Huawei's HarmonyOS unseats Apple's iOS to become China's No 2 mobile operating platform

G7 summit turns to simmering tensions with China

EU pork industry faces 'nightmare' if China restricts imports

7 Common Mistakes That Will Keep You From Retiring Wealthy

The world is using more oil, coal and gas than ever before and will use more. Net Zero is dead

10 Part-Time Jobs That Can Make You Richer Than a Full-Time Job

Tesla's New Business?

Housekeepers in Florida now make $150K/year — as the wealthy flee high-tax states like New York for the South

Swedish government says no to new power cable to Germany

Have $500,000 in Retirement Savings? Here’s How Much You Could Spend per Year

Google loses bid to end US antitrust case over digital advertising

Canada's parliament grills bank CEOs on climate policy in rare meeting

I'm 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What's My Retirement Budget?

3 reasons why boomers are eating through their retirement savings so quickly — how to preserve your nest egg

Oil dips, but posts weekly gain on solid 2024 demand outlook

Russell Brand’s behaviour was ‘tolerated’ by TV bosses, report finds

An American Airlines passenger who was duct-taped to a first-class seat over unruly behavior is being sued by the FAA for $82,000