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Boeing posts $355 million loss, CEO says focus remains on strengthening safety: As Boeing posts financial losses of $535 million, CEO Dave Calhoun has told staff ...
aerotime.aero/articles/boeing-first-quarter-results-dave-calhoun
Boeing posts $355 million loss, CEO says focus remains on strengthening ...
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
  • Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.

  • The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.

  • Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.

  • Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
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Southwest closing operations at 4 airports: Southwest is closing operations at four airports because of delivery delays for Boeing airliners ...
thehill.com/policy/transportation/4620933-southwest-closing-operations-four-airports/
Southwest closing operations at 4 airports
Quick Glance: Southwest and American Airlines Face Financial Challenges
  • Southwest Airlines, the largest carrier at San Antonio International Airport, will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing.

  • Southwest will also trim flights in Atlanta and at O’Hare International Airport to focus on more profitable locations, expecting to receive only 20 new 737 Max 8 jets from Boeing this year, down from the anticipated 46.

  • CEO Robert Jordan stated Southwest was reacting quickly to address financial underperformance by slowing down hiring and asking employees to take time off.

  • American Airlines, San Antonio’s second-largest carrier, reported a loss of $312 million as labor costs rose by 18%. The airline expects to return to profitability in the second quarter with earnings between $1.15 and $1.45 per share.
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China developing super fast, stealth submarines? : Chinese scientists claim they are developing a sci-fi technology that will help Chinese submarines travel at ...
wionews.com/videos/china-developing-super-fast-stealth-submarines-714004
China developing super fast, stealth submarines?
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Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion: The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore ...
bloomberg.com/news/articles/2024-04-24/chinese-metal-tycoon-s-heir-buys-62-million-singapore-mansion
Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion
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Beijing auto show welcomes world as China's carmakers aim to conquer it: HONG KONG -- Beijing's premier automobile exhibition is back after a four-year ...
asia.nikkei.com/Business/Automobiles/Beijing-auto-show-welcomes-world-as-China-s-carmakers-aim-to-conquer-it
Beijing auto show welcomes world as China's carmakers aim to conquer it
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Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
Chinese professor at Tokyo university missing after trip home
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Beijing half marathon winners stripped of medals after African trio let Chinese runner win
cnn.com/2024/04/19/china/china-beijing-half-marathon-winners-revoked-intl-hnk/
Beijing half marathon winners stripped of medals after African trio let ...
Quick Glance: Scandal at Beijing Half Marathon: 4 Runners Disqualified
  • Following an unusual finish at the Beijing Half Marathon, the top finishers were disqualified as three runners from Africa seemingly made way for a Chinese competitor to win.

  • The finish line incident caused a commotion, prompting questions about why the three other runners appeared to yield the victory to He.

  • Subsequent to the investigation, all four runners were disqualified for the pacemakers deliberately slowing down in the final two kilometers of the race, aiding He's victory.

  • Confirmation was provided by the organizers that although Xtep invited Mnangat, Keter, and Hailu as pacemakers, they were mistakenly registered as ordinary competitors.
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Boeing’s (BA) Credit Rating Slashed by Moody’s to to Baa3, One Step From Junk: Moody’s Ratings downgraded Boeing Co.’s credit score to one notch from junk as ...
bloomberg.com/news/articles/2024-04-24/moody-s-slashes-boeing-s-credit-rating-to-one-step-from-junk
Boeing’s (BA) Credit Rating Slashed by Moody’s to to Baa3 ...
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China's flying cars ready for liftoff with EV technology: GUANGZHOU -- XPeng, EHang and other Chinese companies are commercializing flying cars this year ...
asia.nikkei.com/Business/Transportation/China-s-flying-cars-ready-for-liftoff-with-EV-technology
China's flying cars ready for liftoff with EV technology
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Toyota teams up with Tencent for drive into China's EV market: BEIJING -- Toyota Motor said on Thursday that it is forming a strategic alliance with Chinese ...
asia.nikkei.com/Business/Business-deals/Toyota-teams-up-with-Tencent-for-drive-into-China-s-EV-market
Toyota teams up with Tencent for drive into China's EV market
Quick Glance: Toyota and Tencent Collaborate for Entry into China's EV Market
  • Toyota announces strategic alliance with Tencent to develop artificial intelligence, cloud computing, and big data for electric vehicles in China.

  • Japanese automaker Toyota has been facing challenges in the Chinese market due to aggressive pricing and marketing by local competitors.

  • Collaboration with Tencent focuses on developing in-car software crucial for next-generation vehicles.

  • Demand for electric vehicles in China is rapidly growing, and Toyota aims to accelerate in this sector.
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How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
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Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range
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Chinese researchers use low-cost Nvidia chip for hypersonic weapon —unrestricted Nvidia Jetson TX2i powers guidance system
tomshardware.com/tech-industry/artificial-intelligence/chinese-researchers-install-low-cost-unrestricted-nvidia-jetson-tx2i-into-hypersonic-weapon
Chinese researchers use low-cost Nvidia chip for hypersonic weapon ...
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Alaska Airlines May Opt To Cull Future Boeing Deliveries: Alaska Air Group is unsure how many aircraft it will receive from Boeing in 2024.
aviationweek.com/air-transport/airlines-lessors/alaska-airlines-may-opt-cull-future-boeing-deliveries
Alaska Airlines May Opt To Cull Future Boeing Deliveries
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Chinese tourist falls off cliff while posing for photo on Indonesian volcano: Her tour guide said that he had warned her and her husband about the dangers on the ...
straitstimes.com/asia/se-asia/chinese-tourist-falls-off-cliff-while-posing-for-photo-on-indonesian-volcano
Chinese tourist falls off cliff while posing for photo on Indonesian ...
Profile picture of Bloomberg
Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash: Boeing Co.’s assurance that it can pull itself together in the next three months is giving rise ...
trib.al/BuwYdMY
Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash
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Chinese villagers downplay help for Malay travellers in Perak: PETALING JAYA: To the Malay travellers who got a smoother ride home to Kuala Lumpur after their ...
thestar.com.my/news/nation/2024/04/18/chinese-villagers-downplay-help-for-malay-travellers-in-perak
Chinese villagers downplay help for Malay travellers in Perak
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As Blinken Heads to China, What’s on the Agenda?: China’s support for Russia will be a primary topic, along with war in the Middle East and tensions over Taiwan ...
thediplomat.com/2024/04/as-blinken-heads-to-china-whats-on-the-agenda/
As Blinken Heads to China, What’s on the Agenda?
Quick Glance: Blinken Discusses Key Issues with China
  • USA and China discuss global conflicts and tensions in Shanghai and Beijing.

  • Discussions on Russia, Ukraine, Middle East, Taiwan, South China Sea.

  • Calls for China to exert influence on Iran and maintain stability in the region.

  • Disputes over human rights, synthetic opioids, and illegal activities.
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US Senate passes bill to force TikTok divestment or ban: The U.S. Senate voted late Tuesday to send legislation to President Joe Biden that would require Chinese ...
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US Senate passes bill to force TikTok divestment or ban
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
  • President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.

  • Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.

  • The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.

  • Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.