By Allison Lampert (Reuters) – Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year’s end. Boeing and its European rival Airbus are struggling …
Boeing expects 787 suppliers to catch up by year’s end, restoring output Read More »
MOSCOW (Reuters) – Russia increased imports tariffs for consumer goods, including wine, beer, candies, biscuits and shampoo, produced in countries that support sanctions against Moscow, according to a government order published late on Friday. Russian imports from nations that imposed sanctions against Moscow over its military conflict with Ukraine slumped in 2022 and the price …
Russia hikes import tariffs for consumer goods from ‘unfriendly countries’ Read More »
(Reuters) -Finland’s Nokian Tyres has appointed Paolo Pompei as its new chief executive officer, the company said on Saturday. Pompei will start in the position on Jan. 1, 2025, the company added. He will replace Jukka Moisio who announced his retirement in March this year. Pompei was most recently the President of Yokohama TWS, formerly …
Finland’s Nokian Tyres names Paolo Pompei as new CEO Read More »
MEXICO CITY (Reuters) -Workers at a Mexican plant of steelmaker ArcelorMittal ended a 55-day stoppage on Friday, a government official from the state of Michoacan told Reuters late on Friday. Earlier on Friday, ArcelorMittal had said a group of workers was continuing an “illegal blockade” at the facilities of its Mexican unit, a day after …
Mexican state government confirms end of protest in ArcelorMittal plant Read More »
By David Shepardson (Reuters) -Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, and owes another $459.7 million in outstanding penalties, government documents seen by Reuters show. The penalties, paid in March and May, were disclosed by the National Highway Traffic Safety Administration …
Exclusive-Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties Read More »
By David Shepardson (Reuters) – U.S. planemaker Boeing raised its industry-wide annual 20-year forecast for new jetliner deliveries by 3% to 43,975, propelled by the strength of passenger demand, rising airline competition and the eventual replacement older less efficient planes. Aviation was hit hard by the pandemic that saw air travel collapse only to bounce …
Boeing projects 3% hike in global airplane deliveries over next 20 years Read More »
By Martin Coulter LONDON (Reuters) -American cybersecurity company CrowdStrike became a household name for all the wrong reasons on Friday, after a botched software update caused havoc around the world. The company’s stock fell more than 11% on Friday after an outage disrupted operations across multiple industries – shutting down public services, halting flights and …
CrowdStrike chaos could prompt rethink among investors, customers Read More »
By Katie Paul NEW YORK (Reuters) – Some external vendors that police content on Facebook owner Meta’s platforms were affected by the global tech outage that crippled airports, banks and hospitals on Friday, a Meta spokesperson said in response to a Reuters query. The social media giant experienced a SEV1 as a result of the …
Meta content moderation vendors hit by global cyber outage Read More »
FRANKFURT (Reuters) – Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank’s 2% target by 2026%, an ECB survey showed on Friday. The ECB has overshot its target for years and jacked up interest rates to record highs last year to tame price pressures, but …
Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows Read More »
By James Pearson LONDON (Reuters) – Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organisations put better back-up plans in place, it will happen again. Friday’s outage was caused by an update that U.S. cybersecurity …
Without backup plans, global IT outages will happen again Read More »
