Author: 5hspx

Boeing will cut its workforce by a tenth – cutting 17,000 jobs – and delay production as the aircraft maker resolves issues affecting its entire business.Chief executive Kelly Ortberg said in an email to staff that the jobs of “executives, managers and employees” were all at risk.The company also warned of losses in its arms and military equipment manufacturing arm and pushed back the delivery date of its 777X aircraft.The news comes as the company grapples with growing concerns from staff over the quality of its planes.Mr. Ortberg said in the email that the company would reduce its workforce “over…

Jimmy ChinIt was the call that the family of a young British climber who went missing on Everest 100 years ago had given up hope of ever receiving.Last month, a team of climbers filming a National Geographic documentary came across a preserved boot, revealed by melting ice from a glacier.This boot is believed to have belonged to Andrew Comyn “Sandy” Irvine, who disappeared while attempting to climb Everest in June 1924 with his partner George Mallory.Additionally, it could potentially help solve one of mountaineering's greatest mysteries: whether or not the two men succeeded in becoming the first to summit Everest,…

A day after the death of India's most globally recognized tycoon Ratan Tata, his half-brother Noel Tata was named the new chairman of Tata Trusts, according to media reports.Tata Trusts is the philanthropic arm of the company which owns a 66% majority stake in Tata Sons, one of India's largest business groups, with annual revenues in excess of $100 billion (£76.5 billion). sterling).Noel Tata, 76, is the son of Naval Tata, who was also the father of Ratan, and Simone Tata.He sits on the boards of many Tata companies, including Tata Trusts, and will now take the helm of its…

BBCNihon Hidankyo, a group of Japanese atomic bomb survivors, has won the 2024 Nobel Peace Prize.The organization made up of survivors of the bombings of Hiroshima and Nagasaki, founded in 1956, was recognized by the Norwegian Nobel committee for its efforts to rid the world of nuclear weapons.Nobel committee chairman Joergen Watne Frydnes said the group had “contributed greatly to the establishment of the nuclear taboo”.Mr Frydnes warned the “nuclear taboo” was now “under pressure” – and welcomed the group’s use of testimonies to ensure nuclear weapons are never used again.The Norwegian Nobel Institute said 286 candidates had been nominated…

Gunmen killed at least 20 people at a coal mine in Pakistan's southwestern province of Balochistan, according to local police.The attackers stormed the homes of Junaid Coal Company mine workers in the province's Duki district early Friday morning, gathered the men together and opened fire.A hospital in Duki received 20 bodies and is treating six injured, Reuters reported.The workers were attacked with heavy weapons, including rockets and grenades, according to police.The attackers also set fire to the mine's machinery.Police confirmed that four of the victims were Afghans, while the other men were from Pashtun-speaking areas of Balochistan.Businesses closed their doors…

Chinese police have arrested four employees of Taiwanese iPhone maker Foxconn in circumstances that Taipei called “strange.”The employees were arrested in Zhengzhou, Henan province, for “breach of trust”, Taiwan's Mainland Affairs Council said in a statement.The BBC has contacted Foxconn for comment.The company is the largest maker of iPhones for US tech giant Apple and one of the world's largest employers, with major manufacturing facilities in China.Taiwanese authorities have suggested that the detentions could be a case of “abuse of power” by Chinese police officers.And said that this affair undermines the confidence of companies operating in China.In October last year,…

The government is investigating 37 UK-linked companies for potentially breaching Russian oil sanctions – but no fines have been issued so far, the BBC can reveal.Financial sanctions against Russia were introduced by the United Kingdom and other Western countries following the 2022 invasion of Ukraine.Conservative shadow foreign minister Dame Harriett Baldwin said the sanctions were aimed at “cutting off the sources of funding for the Russian war machine” and “bringing an early end to this illegal invasion”.But critics said they were ineffective after the latest figures showed Russia's economy was growing.Treasury said it would take action where appropriate, but pointed…

Apple What if someone told you that mermaids really existed?Forget fishtails, we're talking about women who can hold their breath for minutes while diving under the sea several hundred times a day.They are South Korea's haenyeo divers, a community of women on Jeju Island who have been freediving (without oxygen) to harvest seafood for centuries.Today, when most of them are between 60, 70 and 80 years old, their traditions and way of life are in danger, as fewer and fewer young women enter the profession and the ocean risks to become unrecognizable.It was these facts that inspired Korean-American filmmaker Sue…

Getty ImagesChina has cracked down on businesses including real estate, technology and finance.“Now I think about it, I definitely picked the wrong sector.”Xiao Chen*, who works at a private equity firm in Shanghai, China's financial hub, says it has been a difficult year.For his first year on the job, he says he received nearly 750,000 yuan ($106,200; £81,200). He was sure that he would soon reach the million yuan mark.Three years later, he earns half of what he did then. His salary was frozen last year and an annual bonus, which represented a large part of his income, disappeared.The “glow”…

Getty ImagesThere is growing speculation that the way pensions are taxed could be changed in the Budget.Chancellor Rachel Reeves says she needs to find £22bn and some experts say she could change the workplace or private pension system to find some of that money. This is separate from another debate over state pensions.There are a number of options that could affect workers getting their first job, those already working, all the way to those who are retired. This is what could happen and why you should care even if you're only 20 years old.Make employers pay more for national insuranceWhen…