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Boeing to raise up to $25 bn as strike weighs on finances
US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow Tuesday, including an intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike. The direct financial impact of the first month of the strike cost Boeing more than $3 billion, according to Anderson Economic Group.
Boeing announces intention to raise up to $25 bn
US aircraft manufacturer Boeing on Tuesday unveiled measures meant to replenish its cash flow, including its intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike. The direct financial impact of the first month of the strike cost Boeing more than $3 billion, according to Anderson Economic Group.
Ferguson to leave Man Utd ambassador role as club cuts costs
Alex Ferguson is leaving his reported £2 million-a-year ($2.6m) ambassador role with Manchester United at the end of the season as part of a cost-cutting exercise. The Athletic reported that the decision had been made amicably, with Ferguson stepping down from the global ambassador role when the season ends.
Turkish govt defends tax plan to fund defence industry
The Turkish government defended a proposed tax on credit cards on Tuesday, saying it was needed to fund the arms industry and protect the country as conflict rages in its neighbourhood.
Falling sales cause sour grapes for iconic Portugal wine
Jose Manuel Ferreira should have already started harvesting grapes on his century-old vineyard in northern Portugal -- instead he is still looking for a buyer for his crop. "Unfortunately, this means there is likely to be quite a lot of grapes left uncollected in the vineyards."
Ethiopia's 'korale' recyclers turn waste into money
With a tattered bag on his back, Dereje Enigdamekonen trawled the endless alleyways of the Merkato market in Addis Ababa, calling for the Ethiopian capital's abundant scrap. "It is also beneficial for Addis Ababa: if this waste were not collected, the city's landfills would overflow.
Oil prices drop on easing fears over Middle East, most markets rise
Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran's crude or nuclear facilities in retaliation for a missile attack earlier this month.
Can biodiversity credits unlock billions for nature?
For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of scandals that have dogged other financial approaches to protecting the environment. The market in biodiversity credits or certificates -- which monetise activities that claim to protect or restore nature -- is new, unregulated and stalked by fears of "greenwashing".
Strike-hit Boeing leaves experts puzzled by strategy
A historic round of cost-cutting measures at Boeing has left experts perplexed and wondering whether the aviation giant, plagued by a month-long strike, is sacrificing its future. The direct financial impact of the first month of the strike reached $5 billion, including $3.26 billion for Boeing, according to Anderson Economic Group.
AFP
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