"He didn’t respond even though that’s his hotel," four-times Olympic champion Farah told reporters at the London Marathon launch on Wednesday. Farah was so furious that Gebrselassie ignored his repeated texts and calls that he shared the last he sent, that threatened to publicly shame the Ethiopian. Later on Wednesday Gebrselassie fired back at Farah in a press release, calling his claim of robbery "unproven". Gebrselassie said Farah declined to use a safe box offered to him or give the money to a hotel official for safekeeping. He added that despite a 50 percent discount on the room rate, Farah failed to pay a service bill of 2,313 pounds ($3,000).
April 24, 2019 15:01 UTC
Somali president Mohamed Abdullahi Mohamed Farmaajo arrived in the Eritrean capital, Asmara, on Wednesday morning for a days’ visit. The visiting president was accompanied by his Minister of Education and other senior officials. The delegation was welcomed by Eritrean president Isaias Afwerki at the Asmara International Airport. The Somali president subsequently left Asmara for Mogadishu. Aside the trip where ties were normalized, he also joined a tripartite summit which involved the Ethiopian Prime Minister Abiy Ahmed.
April 24, 2019 14:48 UTC
Image Credit: AFP Photo/Jason RedmondNEW YORK: Boeing said Wednesday that its 737 MAX crisis had cost $1 billion in the first quarter as it withdrew its 2019 profit forecast on continued uncertainty about when the grounded jets will fly again after two deadly crashes. The US aerospace giant also cited spending on the software fix and related training, according to an earnings presentation released Wednesday that listed the $1 billion in 737 program costs. Shares rallied in early trading, reflecting relief that damage from the 737 MAX crisis thus far was not worse. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago due in part to the $1 billion hit from the 737 program. Boeing also pulled its full-year profit forecast, citing "uncertainty of the timing and conditions surrounding return to service of the 737 MAX fleet."
April 24, 2019 14:26 UTC
Boeing announced Wednesday that it was taking an initial $1 billion hit on the global grounding of the 737 Max jet following two fatal plane crashes in five months.The company also abandoned its previous full-year financial outlook as it grapples with the aftermath of the 737 Max fallout and works to implement software upgrades to its best-selling plane. Boeing did not give a total cost of Max grounding. It did not give any guidance on when the 737 Max flights and deliveries will resume. "I personally have flown in two of the flights," Muilenburg said on the earnings call with analysts and media. He tweeted about one of those test flights on April 3.
April 24, 2019 14:18 UTC
A more coordinated protest demonstrations were also held in multiple cities and medical university campuses on April 22. Unemployment of fresh university graduates is not unheard of in the Ethiopia, but this has not been the case for medical graduates. In February 2012 the federal ministry of health introduced the “Flood and retain” strategy in hopes of increasing the number of physicians in the country. As part of the same strategy, a new rule was designed disabling the graduates to access their degree or license following graduation. In contrary, the ministry adopted production as a strategy and hardly any effort was invested towards retention.
April 24, 2019 14:16 UTC
Source: Xinhua| 2019-04-24 21:45:31|Editor: mingmeiVideo Player CloseADDIS ABEBA, April 24 (Xinhua) -- The Ethiopian Prime Minister's Office on Wednesday reiterated Ethiopia's "strong commitment" to strengthening its cooperation with China under the Belt and Road Initiative and the Forum on China-Africa Cooperation framework. The Office of the Ethiopian Prime Minister Abiy Ahmed made the remarks in a statement issued on Wednesday. Prime Minister Abiy Ahmed reiterated the commitment of Ethiopia to deepening the cooperation with China, which is enabling critical moves concerning the Addis Ababa - Djibouti railway, according to the statement. "The railway project is an early harvest of the Belt and Road Initiative that Ethiopia is part of," the office quoted Ahmed as saying. The office, which described the Ethiopian Prime Minister Abiy Ahmed's visit to China as part of the second Belt and Road Forum for International Cooperation as "significant," also disclosed that the visit has already witnessed "positive achievements" to the East African country.
April 24, 2019 13:41 UTC
ShareEthiopian Airlines is currently serving 120 international destinations across five continents with young aircraft with average fleet age of five years. Ethiopian Airlines has announced that it has finalised all preparations to launch a thrice-weekly flight to Marseille, France’s second-largest city beginning July 2. “It gives us great pleasure to launch flights to Marseille, connecting France’s second largest city to the over 60 African destinations we serve, through our hub Addis Ababa. Ethiopian is currently serving 120 international destinations across five continents with young aircraft with average fleet age of five years. The flight to Marseille will be dispatched as per the schedule below:
April 24, 2019 13:07 UTC
Boeing said its costs in the first quarter rose $1 billion due to its 737 Max planes being grounded. Boeing withdrew its full-year 2019 forecast, saying it didn't reflect the impact of the problems surrounding the 737 Max. Boeing said Wednesday that costs tied to the global grounding of its 737 Max plane jumped $1 billion in the first quarter. In all, the delay in 737 Max deliveries could cut $10 billion from Boeing's cash pile in 2019, Bloomberg reported, citing analysts before Boeing results were released. American Airlines extends grounding of Boeing 737 Max 8 jets through August 19The 737 Max fleet remains grounded and new deliveries are suspended.
2006 Getty Images(CNN) - Boeing's earnings fell 21% in the first three months of the year because of the crisis that grounded its bestselling 737 Max jet. "Due to the uncertainty of the timing and conditions surrounding return to service of the 737 Max fleet, new guidance will be issued at a future date," it said. It said it will reconsider buybacks once the 737 Max returns to service. Boeing executives said they cannot yet say when the 737 Max grounding is likely to end, or when it can again begin deliveries. The company said it is making progress in devising a software fix for the automatic safety feature on the 737 Max.
Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. Chicago-based Boeing Co. said its previously issued full-year guidance didn't account for 737 Max impacts. Boeing reported first-quarter net earnings of $2.15 billion, down $328 million or 13% from a year earlier. Investors and consumers have been keeping a closer eye on Boeing since Max jets crashed in October and March. Investors believe the market for jetliners will remain strong for many years and airlines don't have much choice for big planes — Boeing and Airbus form a duopoly, and both have huge order backlogs.
Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped 2.0 percent to $22.9 billion, due to a tumble in commercial plane revenues following the suspension of 737 MAX deliveries. Boeing also withdrew its full-year profit forecast, citing uncertainty surrounding the 737 MAX. The company has conducted more than 135 test flights of the fix and is working with global regulators and airlines, it said in a news release.
April 24, 2019 12:22 UTC
Henry Bloch, who with his brother founded the international tax service giant H&R Block, has died at 96. Bloch, a US philanthropist who contributed to Jewish causes, among others, died yesterday surrounded by his family, according to a memorial site. Block returned to Kansas City from World War II at 24 a decorated veteran of the Army Air Corps, having flown 32 missions as a navigator, most over Germany. It lists seven areas of focus, including “organizations that advance social and economic justice issues in the Jewish community.” Among its beneficiaries are the Jewish Community Center of Greater Kansas City, the American Jewish Committee, Jewish Family Services and the Jewish Federation of Greater Kansas City. Tom Watson, a top pro golfer, quit the club and rejoined only when the club extended membership to Bloch.
April 24, 2019 12:16 UTC
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. It met sharply lowered Wall Street profit estimates, largely due to stopping deliveries of the 737 MAX jets and a slowdown in production. Boeing also booked unspecified charges related to developing a MAX software fix and pilot training. Boeing said it would issue a new financial forecast when it has more clarity around the issues surrounding the 737 MAX. First-quarter operating cash flow declined to $2.79 billion, from $3.14 billion, missing the Wall Street's average estimate of $2.82 billion.
April 24, 2019 11:53 UTC
Investors and consumers have been keeping a close eye on Boeing due to two 737 Max crashesThe Boeing logo is pictured at the Boeing Renton Factory in Renton, Washington. Image Credit: AFPBoeing is pulling its 2019 forecast over 737 Max uncertainty and says it's suspending its stock buybacks. Boeing Co. said its previously issued full-year guidance didn't account for 737 Max impacts. Investors and consumers have been keeping a close eye on Boeing due to two deadly crashes involving the 737 Max. After a slump, they skyrocketed from late December until early March when another 737 Max crashed, this one operated by Ethiopian Airlines.
April 24, 2019 11:48 UTC
Since late December 2018, Nazrawit is detained in China on suspicion of smuggling the cocaine“I didn’t give her the drugs,” Simret Kahsay, the suspect who is in jail, denies giving cocaine on China bound Nazrawit Abera. Since late December 2018, Nazrawit is detained in China on suspicion of smuggling the cocaine. “She didn’t get them from me,” Simiret told the court. Update: Police arrested Simret Kahsay (pic), who is suspected of handing Nazrawit Abera cocaine in shampoo bottles, which led to Nazrawit's detention in #China. Simiret told the court that her arrest was influenced by social media campaigns.
April 24, 2019 11:48 UTC