EVERETT, Wash.—A Boeing Co. executive said there was no need to revamp the cockpit crew alerting system in its forthcoming 737 MAX 10 jet, as the U.S. planemaker races to complete its certification before a year-end deadline. “I personally have no belief that there’s any value in changing the 737,” Mike Delaney, Boeing’s chief aerospace…
No Data to Support Changing Boeing 737 MAX 10 Cockpit Alerting: Executive
Moderna Testing Potential Monkeypox Vaccines in Pre-Clinical Trials
Moderna Inc. said on Monday that it testing potential vaccines against monkeypox in pre-clinical trials as the disease spreads in the United States and Europe. The announcement comes as the World Health Organization (WHO) said on Tuesday that there have been 131 cases of monkeypox identified around the world, with most of them occurring in Spain, Portugal, and…
Toyota to Cut Global Production Plan by 100,000 in June
TOKYO—Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023. The automaker also announced additional domestic factory line suspension due to…
German Economy Remains on Growth Path for Now: PMI
BERLIN—A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty, and supply problems are starting to put pressure on demand, a preliminary survey showed on Tuesday. S&P Global’s flash Purchasing Managers’ Index (PMI) for services was 56.3 in May, down from April’s…
Global Gas Crunch Claims First Australian Trading Casualty
May 25, 2022
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AustraliaBusiness & Economyeconomic policieseconomyEuropegas pricesMarketsRussia-Ukraine WarRussia's invasionsupply crisisWorld
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MELBOURNE—A gas seller that supplied 7 percent of the eastern Australian market has collapsed due to soaring global gas prices, the first significant casualty in the country from the global gas supply crisis due to sanctions on Russia for its invasion of Ukraine. The Essential Services Commission on Tuesday suspended private gas retailer Weston Energy…
Euro Zone Business Growth Slowed in May But Still Resilient: PMI
LONDON—Growth in euro zone business activity slowed this month but was still relatively strong despite a cost of living crisis putting a dent in consumer spending power and a shortage of raw materials holding back expansion in manufacturing, a preliminary survey showed. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), released on Tuesday and seen…
If You Have These Models of IPhone, WhatsApp Is Dropping Support for You
Meta Platforms Inc. messaging application WhatsApp is set to drop support for Apple Inc. running iOS10 and iOS 11. What Happened WhatsApp is planning to drop support for devices running iOS10 and iOS11, which means iPhone 5 and iPhone 5C models, which cannot be updated beyond these versions will be left out in the cold. The revelation…
Bill Gates Reveals What Smartphone He Uses Daily—No, It’s Not an iPhone
Microsoft Corporation co-founder Bill Gates revealed his daily driver smartphone in an “Ask Me Anything” session on Reddit last week. It is not made by Apple Inc. What Happened Gates revealed that while he tries different smartphones, he’s currently using a Samsung Galaxy Z Fold3 5G. Gates said, “I have an Android Galaxy ZFold3. I…
New Zealand Increases Official Cash Rate to Rein in Inflation
May 25, 2022
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Asia & PacificAustraliaBusiness & Economycash rateeconomyinflationInternationalNew ZealandReserve Bank of New ZealandWorld
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The New Zealand Reserve Bank has hiked interest rates by half a percentage point to two percent as it battles to contain inflation, which is currently at a 30-year high of 6.9 percent. It is the second consecutive 50 basis points (bp) increase to two percent, with the Reserve Bank of New Zealand (RBNZ) indicating…
Increasing Petrol Prices Hit Australian Consumer Confidence
Australian petrol prices are trending toward the record highs witnessed in March as the reduction in fuel excise introduced by the previous Coalition government has had little effect on the global price movement. In its latest weekly report, the Australian Institute of Petroleum said the national average retail price for petrol in the week ending…
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