Boeing has reached a settlement with a man whose family died in a 737 MAX crash in 2019, a law firm told AFP on Friday, meaning the US aviation giant will avoid a federal trial slated for Monday. Until now, Boeing has succeeded in avoiding civil trials connected to the 737 MAX crashes of 2018 and 2019, reaching a series of settlements, sometimes only hours before trials were set to begin.
NCAA list shows that out of 70,543 domestic flights operated in 2024, 33,235 were delayed, and 1,189 cancelled. About 35% of int'l flights were affected too.
BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that saw it recently shelve carbon-reduction targets to focus on fossil fuel output. BP in February launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.
Pacific island nations hit hardest by US President Donald Trump's trade tariffs are querying the "unfair" impost, and they are fearful of the impact. Papua New Guinea, the most populous Pacific island country, said it had no plans to retaliate against the US decision to impose a 10-percent tariff.
TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States. In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.
In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns. Brusuelas said the United States has been the "big winner" under globalization, but predicted growth "won't be as exceptional."
US President Donald Trump's tariffs on Japanese goods are a "national crisis", Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact. The measures "can be called a national crisis and the government is doing its best with all parties" to lessen the impact, Ishiba said in parliament.
Top EU leaders were in Uzbekistan on Friday for a major summit with the heads of five Central Asian states, seeking to press their influence and boost ties in the face of Russian and Chinese competition.
Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears. Oil also extended losses, having tanked more than six percent the day before on fears about the impact of a possible recession on demand.
Artificial intelligence is set to bring sweeping change to modern life, but at an industrial fair in Germany many companies wonder how they fit into the tech revolution. Koerner said that it seems like "we can hardly afford" some of the AI products being showcased at the fair.
Economy
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