Economy
Boeing aims to lift MAX quality control at Renton factory
At its plane factory near Seattle, Boeing has increased employee training, appointed mentors for new recruits, brought back retirees as coaches and stepped up tracking of performance metrics.
Autonomous car rules advancing faster than the vehicles themselves: UN
Fully autonomous cars are still years away from hitting the streets, but internationally-agreed rules on their use could be ready by mid-2026, the United Nations has said. Furthermore, "we are planning to have a globally harmonised regulation on Automated Driving Systems (ADS) ready for mid-2026", he said.
Yen gains after hitting 38-year low, traders on intervention watch
The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility. Billions were pumped in to support the yen after it hit a 34-year low of 160.17 in late April, but with limited effect.
Panama Canal agency warns water shortage "is not over"
The Panama Canal Authority (ACP) said Wednesday that the famed waterway continues to face a water shortage, despite recent rains alleviating most restrictions imposed following last year's drought. "The waterway continues to face the impact of a prolonged dry season from this past year that limited the capacity of daily passages through the canal," the ACP said in a statement.
Canada business tycoon Frank Stronach charged with sexual assaults
Canadian auto parts magnate Frank Stronach is facing 13 charges for alleged sexual assaults of several women from 1980 to 2023, police said Wednesday after new accusations piled up against him. Peel regional police Constable Nikhil Chakravarthy told AFP additional victims came forward in recent weeks leading to more charges and the billionaire's re-arrest on Wednesday.
Anambra leads list of 10 states with highest fares as transport companies adjust prices
According to the National Bureau of Statistics (NBS) Nigerians paid more to travel across the country and also within their states amid high petrol prices.
US new home sales come in below expectations in May
Sales of new homes in the United States were weaker than traders expected last month, according to government data published Wednesday, as mortgage rates remained high. The popular 30-year fixed-rate mortgage sits at just under 6.9 percent, according to the government-sponsored firm Freddie Mac, which buys and guarantees existing mortgages.
NGO denounces rising air freight pollution
An environmental pressure group denounced Wednesday the rising emissions of the air freight industry, which has been boosted by global supply chain difficulties and rising online commerce. A report by the group fournd that market distortions caused by Covid-19 pandemic travel restrictions and supply chain disruptions boosted the air freight cargo sector.
US reporter Evan Gershkovich on trial in Russia
US reporter Evan Gershkovich's closed-door espionage trial in Russia began Wednesday, 15 months after he was arrested on charges that he, his newspaper and the White House reject as false. He has already spent almost 15 months in Moscow's notorious Lefortovo prison since his arrest.
Economy
Load more