Boeing has been under heavy regulatory scrutiny and lowered production of
Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow. The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month. Fitch's downgrade follows...
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
Americans Are Increasingly Negative About China Data by Gallup shows that Americans' views of China have continued to worsen after 2018. The deterioration started with the U.S.-China trade war under President Donald Trump, continued during the coronavirus pandemic that originated in China and has recently taken on yet another dimension among concerns about widespread Chinese tech and industrial espionage and subversion as well as continued human rights abuses and tension...
NXP Semiconductors beat analyst estimates for earnings and matched views on
China has lashed out at Australia after the federal government announced plans for a big boost in defence spending, as an expert warns the increase may not be enough. Defence Minister Richard Marles on Wednesday unveiled the new national defence strategy and investment program which will which nearly double annual defence spending to $100 billion […]
The Caixin China General Manufacturing Purchasing Managers' Index (PMI) came in at 51.4 in April, increasing by 0.3 points from last month's figure to display the highest reading since February of 202
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm with government support measures during the pandemic, the subsequent withdrawal of these initiatives combined with macroeconomic pressures drove insolvency rates to new heights. The economic downturn resulted […]
Graduates paying back their university debt should be given guarantees their loans will not rise above a certain level, higher education experts say, after another spike in indexation. Debt levels for HECS will increase by 4.7 per cent from June 1, following the release of official inflation figures that highlighted how stubborn prices pressures are. […]
In EIU's May 2024 Global Outlook video, editorial director for the Middle East and Africa, Pratibha Thaker, and principal economist, Benedict Craven, discuss the current status and prospects for African debt.
Two major ratings agencies left their assessment of France's huge debt pile unchanged Friday, but cast doubt on the government's debt reduction target.Moody's maintained France's sovereign rating at "Aa2" with a stable outlook. Fitch, which downgraded its rating for France last year, left it unchanged at "AA-" with a stable outlook.France's public deficit widened to 5.5 percent of GDP in 2023, overshooting the government's 4.9 percent target. And with the debt stock equal to 110.6 percent of...
On Thursday, construction began on a new marine scientific research and teaching support vessel on Changzhou Island in Guangzhou, Guangdong province.