Is the US government doing enough to help hurricane victims? | Business and Economy

Is the US government doing enough to help hurricane victims? | Business and Economy

Damage caused by Hurricanes Helene and Milton is estimated to be more than $100bn. Two powerful hurricanes have devastated properties and businesses across the southeastern United States. Climate-linked weather events are becoming more frequent and costly in the nation, draining the federal government’s aid funds rapidly. That is why many…

Musk pours m into pro-Trump group, underscoring influence on US election | US Election 2024 News

Musk pours $75m into pro-Trump group, underscoring influence on US election | US Election 2024 News

Billionaire Elon Musk has funnelled about $75m over three months into an organisation he created in support of former United States President Donald Trump, the 2024 Republican presidential candidate. The spending, revealed in a federal disclosure on Tuesday, underscores how Musk has become a key piece of Trump’s efforts to…

Boeing shores up finances even as striking workers rally | Workers’ Rights News

Boeing shores up finances even as striking workers rally | Workers’ Rights News

In a move to shore up its sagging finances, Boeing has announced plans to raise up to $25bn through stock and debt offerings and a $10bn credit agreement with major lenders amid a production and regulatory crisis. Boeing announced its plans on Tuesday. It was not clear when and how…

Air taxi growth demands efficient vertiports and traffic control systems | Aviation News

Air taxi growth demands efficient vertiports and traffic control systems | Aviation News

The air-taxi market is predicted to grow exponentially by the end of the decade, but experts have warned that its future depends on a well-planned network of vertiports that would need to be integrated into existing infrastructure and supported by advanced air traffic management systems. By 2029, the air-taxi market…

Acting US labour secretary to meet with Boeing and union to end impasse | Workers’ Rights News

Acting US labour secretary to meet with Boeing and union to end impasse | Workers’ Rights News

Julie Su’s intervention comes days after Boeing unveiled plans to cut 10 percent of its workforce as labour negotiations came to a halt. United States Acting Labor Secretary Julie Su has flown to Seattle to meet with Boeing and the union representing about 33,000 striking workers to nudge both sides…

Choosing to be child-free in an ‘apocalyptic’ South Asia | Demographics

Choosing to be child-free in an ‘apocalyptic’ South Asia | Demographics

Zuha Siddiqui is currently designing her new house in Karachi, creating a blueprint for her future life in Pakistan’s largest metropolis. Her parents will live in the downstairs portion of this house, “because they’re growing old, and they don’t want to climb stairs”, she says. She will live in a…

Boeing to cut 10% workforce, delay 777X delivery as strike takes toll | Workers’ Rights News

Boeing to cut 10% workforce, delay 777X delivery as strike takes toll | Workers’ Rights News

The strike is costing Boeing $1bn a month, making it critical for the firm to end the work stoppage. United States-based plane maker Boeing will cut 17,000 jobs, or 10 percent of its global workforce, delay first delivery of its 777X jet by a year and announced substantial new losses…

Taiwan says four employees of Apple supplier Foxconn arrested in China | Business and Economy

Taiwan says four employees of Apple supplier Foxconn arrested in China | Business and Economy

Workers reportedly arrested in Zhengzhou for equivalent of breach of trust. Taipei, Taiwan – Four Taiwanese employees of Apple supplier Foxconn have been detained in China since January, Taiwan’s national news agency has reported. The workers were detained in Zhengzhou, the home of Foxconn’s largest iPhone factory, by the local…

TD Bank pleads guilty to US charges, faces business restrictions | Money Laundering News

TD Bank pleads guilty to US charges, faces business restrictions | Money Laundering News

Federal authorities began probing TD’s internal controls after agents discovered a Chinese criminal operation bribed employees and brought large bags of cash into branches to launder millions of dollars. Two TD Bank units have pleaded guilty to United States criminal charges and agreed to pay $3bn in combined penalties to…