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Boeing set to deliver plan to regulators on upgrading safety
Boeing set to deliver plan to regulators on upgrading safety
Economy
by  AFP

Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January. At that time, the FAA gave Boeing 90 days to produce "a comprehensive action plan to address its systemic quality-control issues to meet FAA's non-negotiable safety standards."

Asian markets extend losses with Wall St as rate hopes dim
Asian markets extend losses with Wall St as rate hopes dim
Economy
by  AFP

Asian markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts. A second straight day of weak demand in a Treasuries auction forced yields -- a proxy for interest rates -- to extend a recent advance.

Nobel winner Yunus brings 'social business' mantra to Olympics
Nobel winner Yunus brings 'social business' mantra to Olympics
Economy
by  AFP

Since the early days of Paris's bid for the 2024 Olympics, the city has been receiving advice from a prestigious counsel: Nobel peace prize winner and social business guru Mohammed Yunus. Having visited the village built for the 2016 Olympics in Rio de Janeiro -- a high-rise complex outside the city, with poor public transport links -- Yunus knew the pitfalls.

Australia says engaging with Ticketmaster over hacking 'incident'
Australia says engaging with Ticketmaster over hacking 'incident'
Technology
by  AFP

Australia's government said Thursday its cyber security office was "engaging" with US-based Ticketmaster after a hacking group claimed to have accessed the details of 560 million global customers. "The National Office of Cyber Security is engaging with Ticketmaster to understand the incident," an Australian government spokesperson said in a statement.

American Airlines shares sink as it lowers demand outlook
American Airlines shares sink as it lowers demand outlook
Economy
by  AFP

Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade. American lowered its second-quarter profit margin outlook and now sees earnings per share of between $1.00 to $1.15.