WASHINGTON—Boeing Co. is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the problem, which Boeing said involves a…
Tesla Raises 2023 Spending Forecast as It Races to Ramp up Output
Tesla Inc. raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than…
GM, Ford Strive to Convince Investors: No Price War With Tesla
DETROIT—Detroit automakers General Motors Co. and Ford Motor Co. will try to convince Wall Street when they release first-quarter earnings this week that they will not be dragged into a price war with electric vehicle maker Tesla Inc.. So far, investors remain unconvinced. Shares in GM are down more than 20 percent from their 2023…
Clock Ticks for Supermarkets to Shift Plastic Stockpile
Australia’s major supermarket chains will not receive any more time to move high-risk soft plastic stockpiles from the failed REDcycle recycling scheme after an extension request was denied. Coles and Woolworths were issued with a draft clean-up notice for 5200 tonnes of plastic stored at 15 sites in NSW earlier this year. New South Wales (NSW) Environment Protection…
Death Toll in Kenyan Starvation Cult Rises to 73: Police
NAIROBI—Kenyan police have recovered 73 bodies, mostly from mass graves in a forest in eastern Kenya, thought to be followers of a Christian cult who believed they would go to heaven if they starved themselves, a police officer said on Monday. The death toll, which has repeatedly risen as exhumations have been carried out, could…
Russia Continues Fighting for Bakhmut
The Russian forces have continued their nearly nine-month effort to capture the Ukrainian stronghold of Bakhmut in the eastern Donetsk region. Ukrainian President Volodymyr Zelenskyy emphasized the importance of defending Bakhmut in last month’s interview with The Associated Press. saying that its fall could allow Russia to rally international support for a deal that might…
Canadian Pension Funds Invested in Chinese Companies Indirectly Linked to Human Rights Abuses, House Committee Hears
Some Canadian pension funds have invested in Chinese companies complicit in human rights abuses, the CEO of a geopolitical intelligence consulting firm told a House committee, echoing concerns from rights advocacy groups. “What we’ve noticed is that … America has a list of countries that are sanctioned, that can no longer act in the disclosure…
Morgan Wallen Cancels Ole Miss Show After Losing His Voice
OXFORD, Miss.—Thousands of country music fans were awaiting singer Morgan Wallen when he suddenly canceled his performance Sunday night at Vaught Hemingway Stadium. WTVA-TV reported video boards inside the Ole Miss football stadium showed a message saying the “Thought You Should Know” singer had lost his voice and was unable to perform, adding that people…
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