Boeing Confronts Financial Crisis Amid Strike And Production Challenges Aiming to raise $25 billion, the planemaker buckles under strike pressures and production issuesBoeing is currently facing turbulent times, grappling with significant financial troubles exacerbated by labor strikes and production challenges. The strike has already cost Boeing over $1 billion per month, contributing to fears about the company's financial health. To manage these challenges, Boeing entered a $10 billion credit agreement with banks, symbolizing its immediate attempts to bolster its finances. These challenges have now been worsened by the labor strike, which has brought production of the 737 MAX and other models to a halt. Despite the mounting troubles, there is some cautious optimism among financial analysts and investors.
Source:The Express Tribune
October 16, 2024 01:38 UTC
QUETTA: Following a violent attack that left 21 miners dead, coal mine workers in Duki have halted operations, staging protests to demand improved security and justice for their fallen colleagues. The protests erupted after armed assailants launched an assault on the mines, reportedly using rocket launchers and grenades, which also resulted in severe injuries to several miners. The attackers gathered workers before opening fire and setting machinery ablaze. “We will not resume work until our protection is ensured,” said a representative of the protesting miners, emphasizing the constant dangers they face. The workers are calling for the immediate arrest of those responsible for the attack and for enhanced security at the site.
Source:Pakistan Today
October 16, 2024 00:40 UTC
This past Sunday, police officers cracked down violently on a peaceful protest led by civil society, using disproportionate and unjustifiable force. Just days ago, similar scenes unfolded in Lahore, where students protesting an alleged rape were met with brute force. In both cases, the authorities’ response raises serious questions about their respect for citizens’ fundamental rights, particularly the right to peacefully assemble. Instead of managing the situation through careful planning and a commitment to non-violent crowd control, the Karachi police indiscriminately targeted peaceful protesters and created chaos. Policymakers and police leaders must ensure that the right to protest remains intact.
Source:The Patriot
October 15, 2024 20:08 UTC
ISLAMABAD - Chinese Premier Li Qiang, who is in Pakistan to attend the Shanghai Cooperation Organization Summit, held a significant meeting with Pakistani military officials. Premier Li Qiang met with the Chairman of the Joint Chiefs of Staff Committee and the service chiefs. During the meeting, the discussions reaffirmed the commitment to further strengthen and expand the long-standing relations between Pakistan and China. Key topics included defense cooperation and issues related to terrorism between the two countries. The Chinese Premier praised the role of Pakistan’s armed forces in the fight against terrorism, and assured full support and assistance from China in this ongoing fight.
Source:The Nation
October 15, 2024 18:18 UTC
India on Tuesday finalised an agreement with the US State Department to acquire 31 MQ-9B SkyGuardian and SeaGuardian High Altitude Long Endurance (HALE) drones, as confirmed by India’s Defence Ministry. This procurement, first discussed in 2018, is set to boost India’s surveillance and intelligence capabilities significantly. The deal aligns with US strategic interests in reducing India’s reliance on Russian military equipment and countering China’s influence in the region. According to a report by Reuters, these drones will primarily support the Indian Navy’s operations in the Indian Ocean Region. The acquisition is deemed crucial as India faces advanced air defense challenges from its neighbors, China and Pakistan, which restrict drone usage along its terrestrial borders.
Source:Pakistan Today
October 15, 2024 17:53 UTC
India’s Minister of External Affairs S Jaishankar arrived at the Noor Khan Airbase on Tuesday to attend the Shanghai Cooperation Organisation summit being held here on Wednesday. He was received at the airport by the Ministry of Foreign Affairs officials. Jaishankar is the first Indian foreign minister who arrived in Pakistan after at 2015 visit of former foreign minister Sushma Swaraj.
Source:The Patriot
October 15, 2024 16:48 UTC
Registration required athttps://myboca.us/Calendar.aspx EID=9749&month=10&year=2024&day=8&calType=0Location: Gumbo Limbo Nature Center, 1801 N Ocean Blvd,Ages: Adults and children 7+; minors must be accompanied by a registered guardian. Location: Glades Road Branch Library, 20701 95th St. south, (northeast corner Glades Road and 95th Street)Dates & Time: Library hoursAges: 3-5 years oldCost: Freewith free library card for Palm Beach Library System. Registration required. Location: West Boca Branch Library, 18685 State Road 7Dates & Time: Oct. 15 3:30-4:30 p.m.Ages: 5 and olderCost: Free with free library card for Palm Beach County Library System. Registration required athttps://pbclibrary.bibliocommons.com/events/66c4ddc41c5935541d0f5165
Source:The Express Tribune
October 15, 2024 15:46 UTC
Unnamed agents of the Indian government are alleged to have been involved in violent crimes in Canada, the Royal Canadian Mounted Police (RCMP) said on Monday. As a result of the investigation, Canada expelled six Indian diplomats from Canada, including the Indian high commissioner, after unearthing evidence that they are “persons of interest” in crimes in Canada. In a statement, Canadian Foreign Minister Melanie Joly said keeping Canadians safe is the fundamental job of the Canadian government. The investigation also uncovered a link between Indian diplomats and activities such as the gathering of information on Canadians on the orders of New Delhi. As well, he said victims of coercion or other crimes involving Indian agents should come forward.
Source:The Nation
October 15, 2024 15:22 UTC
WASHINGTON - Donald Trump is invoking a vision of an extreme new White House term that would transform America and rock the world. And Vice President Kamala Harris has only three weeks to avert it, as she struggles to restore momentum in a neck-and-neck race to Election Day. Trump also said CBS should lose its license because he faults its editorial choices over a Harris interview on “60 Minutes” that he declined to sit for. And a Supreme Court ruling granting presidents substantial immunity suggests few impediments to imperial executive power. One must question, are they afraid that people will see that he is too weak and unstable?” she asked.
Source:The Nation
October 15, 2024 14:41 UTC
photo: REUTERSBusiness leaders have called for the establishment of a dedicated investment and trade development bank within the Shanghai Cooperation Organisation (SCO), aimed at facilitating transactions in local currencies. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Golden Ring Economic Forum (GREF) at FPCCI Regional Office Lahore organised a roundtable Conference on "SCO and Pakistan's Economic Interests," according to a press statement released on Monday. The FPCCI vice president said that the SCO member states are rich in natural resources, have large labour forces, and play crucial roles in regional trade, energy supply, and geopolitical stability. Sheikh, the FPCCI President, stressed the importance of regional cooperation in the evolving global economic landscape. Other proposals included the creation of an SCO Energy Council, an SCO Environment Agency, and an SCO Education Framework to promote degree equivalence and shared curricula across member countries.
Source:The Express Tribune
October 15, 2024 10:41 UTC
Given the current international economic conditions, these nations are increasingly vulnerable to price shocks and natural disasters, lacking any recourse from global organisations as market-related support has vanished. Instead of addressing what should be our primary objective—lifting millions out of poverty and creating a stable economy—resources are being diverted elsewhere. China and India have successfully lifted millions from poverty in recent decades. The report paints a damning picture of a world prioritising imperialist warmongering, leaving the most vulnerable to fend for themselves. The future looks increasingly bleak unless we shift our focus to genuinely supporting these countries and their people.
Source:The Nation
October 15, 2024 02:54 UTC
MUNICH, Germany: A 63-minute rocket from debutant Jamie Leweling gave Germany a 1-0 win over a limp Netherlands in Munich on Monday and a first appearance in the Nations League knockout rounds. Leweling had an early goal ruled out for the tightest of offsides before blasting in a loose ball from a Joshua Kimmich corner. “We had lots of new players, some young players, unfortunately lots of injuries but you didnt notice much of a difference. The coach gave Leweling and Oliver Baumann their first caps, while Aleksandar Pavlovic and Angelo Stiller started for the first time. Despite pressing the Dutch into a series of mistakes playing out from goal, Germany failed to carve another clear opportunity in the first half.
Source:The Nation
October 14, 2024 22:35 UTC
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, US, July 19, 2021. Five of the 11 S&P 500 sectors inched higher, with Technology shares in the lead, gaining 1.5%. Forty-one S&P 500 companies are expected to report results this week, including Bank of America, Citigroup, Johnson & Johnson and Netflix. Year-over-year third-quarter earnings growth for the S&P 500 is estimated at 4.9%, according to data compiled by LSEG on Friday. The S&P 500 posted 32 new 52-week highs and one new low, while the Nasdaq Composite recorded 79 new highs and 36 new lows.
Source:The Express Tribune
October 14, 2024 20:32 UTC
The strike was a shock to residents, and it exacerbated fears that Israel would expand its offensive deeper into Lebanon. Some 1.2 million people have fled southern and eastern Lebanon, where the fighting between Israel and Hezbollah has been concentrated. Hezbollah has fired thousands of rockets into Israel over the past year in support of Hamas’ war with Israel in Gaza. Israel’s ensuing war against Hamas has left more than 42,000 people dead in Gaza, according to local health officials. “Over the coming days, additional US military personnel and THAAD battery components will continue to arrive in Israel,” Ryder said.
Source:The Nation
October 14, 2024 18:51 UTC