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Boeing, Airbus struggle to deliver planes as supply chain woes persist
Boeing, Airbus struggle to deliver planes as supply chain woes persist
Economy
by  AFP

Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said. Aviation analyst Shukor Yusof said Boeing and Airbus had already indicated that some of their popular models would be unavailable until 2030.

Shipping insurance rates soar on Red Sea missile attacks
Shipping insurance rates soar on Red Sea missile attacks
Economy
by  AFP

Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes. The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes.

Digital media upstart Vice laying off 'several hundred' staff: CEO
Digital media upstart Vice laying off 'several hundred' staff: CEO
Technology
by  AFP

Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers, said Thursday it will no longer publish on its flagship website and is eliminating hundreds of jobs. "Regrettably, this means that we will be reducing our workforce, eliminating several hundred positions."