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☆ Apple must pay 13 billion euros in back taxes to Ireland, EU's top court rules
▼ + stars: | 2024-09-11 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple must pay 13 billion euros in back taxes to Ireland, EU's top court rulesBoth Apple and Google lost key court hearings in the European Union. Apple's court case related to 13 billion euros ($14.4 billion) in back taxes owed to Ireland while Google was trying to get a 2.4 billion euro antitrust fine dismissed. CNBC's Arjun Kharpal runs through both cases.

Persons: CNBC's Arjun Kharpal Organizations: Apple, Google, European Union Locations: Ireland

☆ Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple
▼ + stars: | 2024-09-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesA landmark ruling from the European Union's top court means Ireland will receive 13 billion euros ($14.4 billion) in unpaid taxes from Apple — a windfall that Dublin had spent several years fighting to avoid. In a decision the European Court of Justice (ECJ) said was final, the EU's top court on Tuesday ruled that Apple must pay Ireland billions of euros in back taxes. For years, Ireland consistently argued that the iPhone maker should not have to repay unpaid taxes to the country. The decision comes at a time when Ireland is in the unusual position of running a budget surplus of several billion euros, partly due to the strength of corporate tax receipts. Shoppers and staff are seen inside the Apple Store, with its sleek modern interior design and prominent Apple logo on September 10, 2024 in Chongqing, China.

Persons: ECJ, Margrethe Vestager, Apple, Johanna Geron, Aidan Regan, there's, Simon Harris, Sir Keir Starmer, Brian Lawless, Robert Dever, Dever, Alex Cobham, Cobham, Cheng Xin Organizations: Bloomberg, Getty, Apple, Court of Justice, European Union, Reuters, Irish, University College Dublin, CNBC, Ireland's Finance Ministry, Ireland, U.S, England, Masons, Tax Justice Network, UN, Shoppers Locations: Wicklow, Dublin, Ireland, Brussels, Belgium, Farmleigh, Republic of Ireland, Chongqing, China

☆ Australia plans minimum age for social media use, angering digital rights advocates
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SYDNEY, Australia — Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, drawing a backlash from digital rights advocates who warn the measure could drive dangerous online activity underground. Prime Minister Anthony Albanese said his center-left government would run an age verification trial before introducing age minimum laws for social media this year. The law would put Australia among the first countries in the world to impose an age restriction on social media. Representatives of Meta, the owner of Facebook and Instagram, which has a self-imposed minimum age of 13, YouTube owner Alphabet and TikTok were not immediately available for comment. Australia has one of the world’s most online populations with more than four-fifths of its 26 million people on social media, according to government and tech industry figures.

Persons: Anthony Albanese, Albanese, “, ” Albanese, ”, Daniel Angus, Jordy Kaufman Organizations: Australian Broadcasting Corp, European Union, Meta, Facebook, Queensland University of Technology Digital Media Research, Swinburne University, University of Sydney Locations: SYDNEY, Australia

☆ Europe has admitted it's fallen behind US innovation. Now it's plotting a comeback.
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

How Europe fell behindThe US and China have outpaced the EU on innovation. One of its biggest tech companies, Dutch semiconductor firm ASML, was founded 40 years ago. Europe's strategy to close the innovation gapMario Draghi thinks the EU should focus its attentions on AI. REUTERS/Yves HermanDespite its weaker position relative to the US and China, Draghi thinks the EU can devise a plan to close the innovation gap. Beyond AI, Draghi points to other measures to close the innovation gap, such as reforms to policies that he thinks hinder innovation, as well as addressing big funding issues.

Persons: —, Mario Draghi, Draghi, European Central Bank —, Pedro Pardo, There's, Yves Herman, Musk, Mario Organizations: Service, Union, European Central Bank, Business, AFP, EU, Novo Nordisk, REUTERS, Tiger Global, Elon Musk Locations: Europe, China, EU, Silicon

☆ People in China still aren't buying enough stuff — so exporters are slashing prices to push more overseas sales
▼ + stars: | 2024-09-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewChina's exports are booming, but profits could be under pressure, recent data from the country showed. China's exports rose 8.7% in August from a year ago to nearly $309 billion — a two-year high, official data showed on Tuesday. Imports, meanwhile, edged up by just 0.5% in August from a year ago — a sign that domestic demand was still weak. While China's robust exports have been supporting the country's flagging economy amid weak demand, data suggest that exporters have been slashing prices to stay competitive — a trend some economists have flagged. Meanwhile, official data released on Monday showed China's Producer Price Index — which measures the price of goods at the factory gate — falling 1.8% from a year ago.

Persons: —, it's Organizations: Service, Reuters, Business, PPI, Bank of America, European Union Locations: China, Beijing

☆ European travelers will have to pay to enter the UK in 2025
▼ + stars: | 2024-09-10 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +1 min

CNN —European travelers visiting the UK without a visa will soon be required to pay a £10 (around $13) waiver fee. This will be extended to include most other nationals, including those from the US but excluding Europeans, in November. By next spring, the program will be expanded again to incorporate European nationals. Jordanian nationals can no longer apply for an ETA to enter the UK, according to the UK government website. Meanwhile, the roll out of the European Union’s ETIAS, valid for three years, which will cost travelers 7 euros (about $7.50,) has been postponed to 2025.

Persons: Yvette Cooper, ” Cooper Organizations: CNN, Qatar, European Union, UK, United Locations: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, United States

☆ Stocks making the biggest moves before the open: Apple, Oracle, Boot Barn, Mission Produce and more
▼ + stars: | 2024-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Mission Produce — The avocado producer surged 21.6% after reporting revenue for the fiscal third quarter jumped 24% from a year ago. The company reported sales of $324 million, compared with $261.4 million in the same three-month period one year before. Boot Barn — Shares rose 6% after the Western-style retailer provided an update on its recent performance ahead of a Piper Sandler Growth Frontiers Conference presentation. Boot Barn announced preliminary consolidated same-store sales growth of 4% in its fiscal second quarter. Johnson Controls International — Shares rose nearly 2% after JPMorgan upgraded the stock to buy from neutral.

Persons: Piper Sandler, LSEG . Patterson, Alibaba, Morgan Stanley, Wells Fargo, —, Samantha Subin, Sean Conlon, Lisa Kailai Han, Jesse Pound, Yun Li, Scott Schnipper Organizations: Growers, Oracle, LSEG, Apple, Hewlett Packard Enterprise, Juniper Networks, Revenue, UTI Energy, Hong, Reuters, Johnson, JPMorgan, Anheuser, Busch Inbev SA, Equity Locations: California, U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen, Wells

☆ Google must pay €2.4 billion antitrust fine, says Europe's top court
▼ + stars: | 2024-09-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Europe's top court has upheld a €2.4 billion antitrust fine against Google. The 2017 decision found Google used its search-engine dominance to favor its own services. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEurope's top court has upheld a €2.4 billion ($2.67 billion) antitrust fine against Google. The commission said Google had presented search results from its own shopping services in boxes with attractive images and text information.

Persons: — Organizations: Google, Service, Justice, European Union, Business

☆ China's exports grow by 8.7% in August, beating expectations
▼ + stars: | 2024-09-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency. That was higher than the forecast for growth of 6.5% year-on-year in U.S. dollar terms, according to a Reuters poll. Imports grew by 0.5%. In July, exports rose by 7% from a year ago, while imports increased by a more-than-expected 7.2%. China's imports from Russia fell by 1%, while exports rose by 10%, the data analysis showed.

Organizations: Union and Association of Southeast, Nations, EU, CNBC, Imports, ASEAN Locations: Shenzhen, Guangdong province, China, BEIJING, U.S, Russia

☆ Australia plans a minimum age limit for social media use
▼ + stars: | 2024-09-10 | by ( ) edition.cnn.com time to read: +3 min

Australia intends to set a minimum age limit for children to use social media, citing concerns about mental and physical health. Prime Minister Anthony Albanese said his center-left government would run an age verification trial before introducing age minimum laws for social media this year. The law would put Australia among the first countries in the world to impose an age restriction on social media. Australia has one of the world’s most online populations, with four-fifths of its 26 million people on social media, according to tech industry figures. But the inquiry has also heard concerns about whether an age limit would inadvertently harm younger people by encouraging them to hide their online activity.

Persons: Anthony Albanese, Albanese, “, ” Albanese, TikTok, ”, Daniel Angus, we’re Organizations: Australian Broadcasting Corp, European Union, Meta, Facebook, YouTube, University of Sydney, Queensland University of Technology Digital Media Research Locations: Australia

☆ China begins anti-dumping probe into Canadian rapeseed
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: +1 min

Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa's 100% tariffs on Chinese-made electric vehicles and other products come into force. There has been growing trade tension between Beijing and the West in recent weeks after Canada, the United States and the European Union opted to impose tariffs on imports of electric vehicles from China. While noting that Canada adheres to "rules-based trade," Canadian Minister of Agriculture Lawrence MacAulay said the country's products meet the highest standards and its inspection systems are robust. Chinese President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Monday in a bid to avoid a broad trade war.

Persons: Agriculture Lawrence MacAulay, Xi Jinping, Pedro Sanchez Organizations: European Union, Agriculture, Spanish Locations: Canada, Chicago , Illinois, China, rapeseed, Beijing, United States

☆ Apple loses EU court battle over 13 billion euro tax bill in Ireland
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. In 2014, the European Commission, the European Union's executive arm, opened an investigation into Apple's tax payments in Ireland, the tech giant's headquarters in the EU. Apple and Ireland appealed the Commission's decision in 2019, and in 2020 the EU General Court sided with the U.S. tech giant. The EU's second-highest court anulled the Commission's 2016 decision and said that the executive arm did not prove that the Irish government had given Apple a tax advantage.

Organizations: Apple, European Court, Apple Watch, CNBC, European, Reuters, European Commission, EU, The, Ireland, U.S Locations: Ireland, U.S, London, Dublin

☆ Google's 2.4 billion euro fine upheld by Europe's top court in EU antitrust probe
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

The European Union flag is seen with Google's logo. Europe's top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. The fine stems from an antitrust investigation by the European Commission, the executive arm of the European Union, which concluded in 2017. Google appealed the decision with the General Court, the EU's second-highest court, which also upheld the fine. Google then brought the case before the European Court of Justice (ECJ), the EU's top court.

Organizations: European Union, Google, CNBC, European Commission, Court of Justice

☆ A Porsche-backed startup is building a massive battery recycling plant to boost Europe's EV industry
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.nbcnews.com time to read: +3 min

A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their life. Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe. Cylib said the new plant would primarily serve automotive, battery manufacturing and chemicals clients. “Cylib reaching industrial scale production will be a key driver in building a robust European battery infrastructure,” Schwich said in a press statement. “Battery recycling is pioneering the circular economy, proving that economic success is compatible with reduced environmental impact,” she added.

Persons: Cylib, Lilian Schwich, Gideon Schwich, Paul Sabarny, “, ” Schwich Organizations: Cylib, EV, Porsche, Bosch, Hydro, CNBC, European Union, World Fund, Porsche Ventures, Climate Fonds Locations: Germany, Dormagen, North Rhine, Westphalia, Europe, Norway, Hydrovolt, Chempark

☆ Mpox vaccination to begin in Congo next month
▼ + stars: | 2024-09-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

A vaccination campaign against mpox in Congo will begin Oct. 2, authorities said Saturday, with workers focusing on the three most affected provinces first. Earlier this week, the first batch of mpox vaccines arrived in the capital of Congo, the center of the outbreak. The European Union countries pledged to donate more than 500,000 others, but the timeline for their delivery remained unclear. Most mpox infections in Congo and Burundi, the second most affected country, are in children under age 15. Congo issued an emergency approval of the vaccine, which has already been used in Europe and the United States in adults.

Persons: Cris Kacita Osako, Congo’s, Dr, Jean Kaseya, Laurent Muschel Organizations: mpox, Associated Press, Bavarian Nordic, European Union, Africa Center for Disease Control, World Health Organization, WHO, European Medicines Agency Locations: Congo, Equateur, South Kivu, Sankuru, Danish, European Union, Burundi, Europe, United States

☆ More countries are openly flaunting their ties with Putin. They say it's just business.
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.

Persons: —, Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States

☆ Draghi urges radical European Union reform requiring extra 800 billion euros a year
▼ + stars: | 2024-09-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Massimo Di Vita | Mondadori Portfolio | Getty ImagesThe European Union needs up to 800 billion euros ($884 billion) in additional investment per year to meet its key competitiveness and climate targets, according to a report from economist and politician Mario Draghi. The bloc's goals of bolstering its geopolitical relevance, social equality and decarbonization are being threatened by weak economic growth and productivity compared with the U.S. and China, the report states. The EU is meanwhile suffering an "innovation deficit" which must be tackled through reforms to research and development funding and policy, the report states. To fast-track policymaking, the report proposes limiting the voting items that require support from an absolute majority of member states. Funding questionPublic and private investments are being hindered by the size of the EU budget, its lack of focus and its risk aversion, the Draghi report says.

Persons: Mario Draghi, Massimo Di Vita, Draghi —, —, NextGenerationEU Organizations: Italian, European Union, U.S, European Central Bank, European, European Securities and Markets Authority, U.S . Securities, Exchange Commission, SEC Locations: Rome, Italy, China, EU, Europe, Germany

☆ Inside the landmark Google adtech antitrust trial that could transform the $700 billion global digital ad market
▼ + stars: | 2024-09-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

The DOJ and the states are seeking a breakup of Google's adtech business. Separately, they said that while a separation of Google's ad server and its ad exchange would be good for competition in the adtech market, it might drive ad server costs up for publishers. Google's ad server is "a loss leader, they make all their money in AdX," the exec said, referring to Google's ad exchange that connects buyers and sellers. Global regulators have Google in their sights, tooAny unraveling of Google's ad empire would be complex. Over the pond, the European Union said last year it might look to break up Google's adtech business.

Persons: —, Google's, Tim Nollen, isn't gunning, adtech, Macquarie's Nollen, Bietti, Mark Jamison, there's, Arielle Garcia Organizations: Service, Eastern, Business, US Department of Justice, Google, DOJ, Microsoft, Macquarie, Publishers, US Department of, Northeastern University, Public Utility Research Center, Digital Markets, University of Florida, Global, European Union Locations: Virginia, AdX

☆ Europe's economy survived 'terrible prophecies' but must now tackle trade with China: EU's Gentiloni
▼ + stars: | 2024-09-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The European Union has successfully avoided the "terrible prophecies" that threatened its economy in recent years, but must still contend with Russia's war in Ukraine and a tenuous trade relationship with China, outgoing European Commissioner for Economy Paolo Gentiloni said Saturday. A former prime minister of Italy, Gentiloni has served as the European Commissioner for Economy under EC President Ursula von der Leyen since December 2019. Gentiloni will not be returning for a second term as commissioner following Von der Leyen's tumultuous re-election as president — but he has laid out the economic picture that awaits his imminent successor. "The economy is growing, slowly, but growing. And the risks of differences among the European Union, that was very high when the pandemic happened, are very limited," he noted.

Persons: Paolo Gentiloni, Gentiloni, Steve Sedgwick, Ursula von der Leyen, Von der, —, Russia's Organizations: European Union, Economy, European, European Central Bank, Moscow, European Commission Locations: Ukraine, China, Europe, Cernobbio, Italy's, Como, Italy

☆ Boeing Starliner capsule is back on Earth while crew will hitch a SpaceX ride home in 2025
▼ + stars: | 2024-09-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The spacecraft successfully launched and delivered NASA astronauts Butch Wilmore and Suni Williams to the International Space Station in June. But what seemed like an eight-day jaunt turned into months of questions surrounding Starliner’s ability to return the crew safely to Earth. NASAAfter nearly three months, the Starliner spacecraft returned to Earth without the two test pilots after undocking from the space station Friday night and parachuting into the New Mexico desert early Saturday. Starliner is the first US-made capsule to parachute to a ground landing, rather than splashing into the ocean. It remains to be seen how and when Starliner will be certified to carry astronauts regularly to space.

Persons: Boeing’s, —, Butch Wilmore, Suni Williams, jaunt, Starliner, Williams, “, Butch, Suni, ”, Steve Stich, mako, Guillermo López, Wells, Ashley Strickland, Katie Hunt Organizations: CNN, Radian Aerospace, NASA, International Space Station, Boeing, Starliner, European Union, Spanish, NSF, Cornell University, CNN Space, Science Locations: Seattle, New Mexico, Cod, Massachusetts, Zamora, Philippines, Luzon, Scotland

☆ The world just endured the hottest summer on record
▼ + stars: | 2024-09-06 | by ( Sam Meredith | ) www.nbcnews.com time to read: 1 min

The summer of 2024 was the hottest on record, according to the European Union’s climate monitor, extending an alarming run of temperature records that has put the planet firmly on course to notch its hottest year in human history. The EU’s Copernicus Climate Change Service (C3S) said on Friday that the global average temperature for the boreal summer, which refers to the Northern Hemisphere’s June through August period, was the highest on record. The summer months were found to be 0.69 degrees Celsius above the 1991-2020 average for the June-August period. It surpasses the previous record from June-August last year, which was 0.66 degrees Celsius above the average baseline. Samantha Burgess, deputy director of C3S, said the world had experienced the hottest June and August, the hottest day on record and the hottest boreal summer on record in the space of just three months.

Persons: Samantha Burgess, C3S Organizations: Northern

☆ Netherlands takes on U.S. export controls, controlling shipments of some ASML machines
▼ + stars: | 2024-09-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. The Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing licensing requirements of ASML 's machines under its purview. The changes mean that the Netherlands is effectively taking over from the U.S. on controlling what machines ASML is able to export to other countries. The expanded control comes after the Dutch government last year introduced its first major export restrictions on advanced semiconductor equipment exports. Washington has pressured countries like the Netherlands and others to ramp up export curbs on key chipmaking tools.

Persons: I've, Klever, ASML Organizations: European Union Locations: Netherlands, U.S, China, Washington

☆ World swelters through its hottest summer on record for the second year running
▼ + stars: | 2024-09-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The summer of 2024 was the hottest on record, according to the European Union's climate monitor, extending an alarming run of temperature records that has put the planet firmly on course to notch its hottest year in human history. The summer months were found to be 0.69 degrees Celsius above the 1991-2020 average for the June-August period. It surpasses the previous record from June-August last year, which was 0.66 degrees Celsius above the average baseline. Samantha Burgess, deputy director of C3S, said the world had experienced the hottest June and August, the hottest day on record and the hottest boreal summer on record in the space of just three months. "This string of record temperatures is increasing the likelihood of 2024 being the hottest year on record," Burgess said in a written statement.

Persons: Samantha Burgess, C3S, Burgess Organizations: Northern Locations: Seoul

☆ Airbus A350: Europe orders checks on planes after engine fire on Cathay flight
▼ + stars: | 2024-09-05 | by ( Story Reuters | ) edition.cnn.com time to read: +5 min

Europe’s air safety regulator ordered inspections on engines of a flagship Airbus jet on Thursday, after a fire broke out during a Cathay Pacific flight. The move affects the larger of two models of twin-engined A350, the A350-1000, which represents 15% of the A350 fleet or 86 jets. Video Ad Feedback Cathay Pacific grounds dozens of flights amid worries over Airbus A350 engines 01:54 - Source: CNNRolls-Royce and Airbus said earlier they were working closely with authorities to comply with the planned directive. EASA said the fire had caused heat damage to the engine housing, including ducts used for reverse-thrust on landing. Airbus and Rolls sought to address airlines’ questions on Thursday during their first closed briefings since Monday’s incident.

Persons: Florian Guillermet, EASA, ” Guillermet, Rolls Organizations: Airbus, Cathay, European Union Aviation Safety Agency, Royce, CNN, Reuters, Boeing, Airlines Locations: Hong Kong, Cathay Pacific, Cathay, Zurich

"Our research infers that fliers are doing more research to understand and potentially avoid Boeing aircrafts," she said. "First of all, there are more discount carriers operating Airbus (A320s) than Boeing (737s) particularly in Asia," he said. watch nowThe study is a historical analysis of commercial flight safety, which does not predict how Boeing's issues may play out in the future. But Barnett indicated he's confident about the future of commercial aviation. Why avoiding Boeing is difficultThough competition among airlines is fierce, aircraft manufacturing has long been dominated by the United States' century-old Boeing company and its European competitor, Airbus.

Persons: Danielle Harvey, Brendan Sobie, Arnold Barnett, Barnett Organizations: Boeing, Alaska Airlines, Sobie Aviation, Massachusetts Institute of Technology, of Air Transport Management, MIT, U.S . Federal Aviation Agency, National Transportation Safety Board, European Union, New Zealand, United Arab Emirates, CNBC Travel, Airbus, Airlines, Max Locations: Asia, United States, Europe, Australia, Canada, China, Israel, Japan, New, Bahrain, Bosnia, Brazil, Brunei, Chile, Hong Kong, India, Jordan, Kuwait, Malaysia, Mexico, Philippines, Qatar, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, Alaska

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