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☆ Economists see UK cutting interest rates more substantially as inflation pressures ease
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.

Persons: Mike Kemp, Goldman Sachs, BOE, Price, —, James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom

☆ Boeing, machinist union reach tentative deal to end strike
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing, machinist union reach tentative deal to end strikeCNBC's Phil Lebeau joins 'Squawk on the Street' to report on the latest proposal to end the Boeing machinist worker strike.

Persons: Phil Lebeau Organizations: Boeing

☆ Emirates has placed a fresh order for Boeing freight planes, just days after its chairman criticized ongoing delivery delays
▼ + stars: | 2024-10-21 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

Emirates has ordered five Boeing 777 freighters, eventually expanding its fleet to 21 of the planes. The order comes days after Emirates' boss criticized a fresh delay to Boeing's new passenger jet, the 777X. AdvertisementEmirates has announced a fresh order for Boeing 777 freight planes, just days after its chairman publicly criticized the embattled planemaker. Emirates is one of Boeing's biggest customers, so a fresh order of Boeing planes is not unusual. Emirates' Sir Tim Clark criticized the latest delays to the Boeing 777X last week.

Persons: —, Sheikh Ahmed bin Saeed Al Maktoum, Tim Clark, Sir Tim Clark, BRENDAN SMIALOWSKI, Clark Organizations: Emirates, Boeing, Service, Emirates Airline and Group, Getty, Al, Al Maktoum International, Business Insider Locations: Dubai, Emirates, AFP, Al Maktoum

☆ An apparent bomb threat saw over 200 Air India passengers stranded in Canada's freezing remote north before the air force picked them up
▼ + stars: | 2024-10-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

An Air India flight to Chicago diverted due to what a Canadian minister said was a bomb threat. The Canadian Air Force flew passengers to Chicago, landing 24 hours later than initially expected. AdvertisementHundreds of Air India passengers caught a flight with the Royal Canadian Air Force after the Boeing 777 they were on was diverted due to an apparent bomb threat. The bad news is there was a bomb threat on an Air India flight and an emergency landing. Air India said that over 18 hours after landing in Iqaluit, a Canadian Air Force plane took off to take passengers to Chicago.

Persons: —, Harjit Sajjan, zyYdqcA33j, Robin Debreuil Organizations: Air, Boeing, Canadian Air Force, Service, Air India, Royal Canadian Air Force, Preparedness, Air France Boeing Locations: Air India, Chicago, Canadian, Iqaluit, Canada's Nunavut, Air, Delhi, Greenland, Flightradar24, Canada's, Nunavut, ❤️, India, Air France

☆ Retail sales rose 0.4% in September, better than expected; jobless claims dip
▼ + stars: | 2024-10-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A customer during the grand re-opening of a Century 21 department store in New York, US, on Tuesday, May 16, 2023. Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones forecast, according to the advanced report. Excluding autos, sales accelerated 0.5%, better than the forecast for just a 0.1% rise. The numbers are adjusted for seasonal factors but not inflation, which rose 0.2% on the month as measured by the consumer price index. Despite the decline in initial filings, continuing claims, which run a week behind, edged higher to 1.867 million.

Persons: Dow Jones, Helene, Milton Organizations: Federal Reserve, Commerce Department, Dow, Labor Department, Stock, Boeing Locations: New York, Florida, North Carolina, U.S, Michigan

☆ Boeing delays are wreaking havoc with the airline industry's plans, and flyers may well feel the pain
▼ + stars: | 2024-10-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary told Reuters Wednesday that the airline is likely to cut its traffic growth expectations for next year as it predicts delivery delays. Also on Wednesday, at an Irish think tank event, the head of the world's foremost airline trade group spoke out about delivery delays. AdvertisementLast Friday, Boeing announced further delays to its 777X jet, with its first delivery pushed from 2025 to 2026. AdvertisementThe Boeing 777X was delayed again last week, leading to sharp criticism from the boss of Emirates, one of Boeing's biggest customers.

Persons: Michael O'Leary, —, O'Leary, Willie Walsh, Walsh, Tim Clark, GIUSEPPE CACACE, I've, Carsten Spohr, Spohr Organizations: Boeing, Service, Ryanair, Reuters, International Air Transport Association, Guardian, Airbus . Supply, Alaska Airlines, Emirates, Business, Getty, Lufthansa, Airlines, Europe, Financial Times, BI Locations: Irish, AFP, Emirates

☆ NASA is planning to give the beleaguered Boeing Starliner another shot at space — in late 2025
▼ + stars: | 2024-10-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

NASA is planning to give the Boeing Starliner another chance. The agency has scheduled two SpaceX launches — Crew-10 and Crew-11 — for 2025. AdvertisementNASA has released the schedule for its commercial launches in 2025, and the Boeing Starliner is slated to get another chance at spaceflight. Advertisement"Meanwhile, NASA is keeping options on the table for how best to achieve system certification, including windows of opportunity for a potential Starliner flight in 2025," it added. The duo are scheduled to return via the SpaceX Crew Dragon in February 2025.

Persons: Starliner, —, Anne McClain, Nichole Ayers, Russia's Roscosmos, Butch Wilmore, Suni Williams, Williams, Elon Musk, NASA didn't Organizations: NASA, Boeing, SpaceX, —, Service, Japan Aerospace Exploration Agency, International, Station, Starliner, Federal Aviation Administration, FAA, Business Locations: New Mexico

☆ The judge handling Boeing’s plea deal asks Justice Department to explain its diversity policy
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

A dozen states, including Texas, have new laws limiting or banning DEI policies at their public universities. The plea deal states that the Justice Department would select the person with “input” from Boeing. A Justice Department lawyer said the provision doesn’t mean that a less-qualified person would be picked, only that the government will consider all candidates. He asked the Justice Department and Boeing to respond in writing by Oct. 25. Possibly he wants to delay the decision, but that is an unsupported hunch.”The Justice Department and Boeing said they would comply with the judge’s order and declined to comment further.

Persons: District Judge Reed O’Connor, George W, Bush, O’Connor, Barack, Ron DeSantis, “, Boeing’s, Max, Nadia Milleron, Samya Stumo, ” Milleron, ’, ”, John Coffee Organizations: District, Justice Department, Boeing, ., Democratic, U.S, Supreme, Florida Gov, GOP, Alaska Airlines, MCAS, Federal Aviation Administration, ”, Justice, DOJ, Columbia University Locations: U.S, Fort Worth , Texas, Texas, Indonesia, Ethiopia, Massachusetts

☆ Boeing strike enters second month as workers rally in Seattle
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

SEATTLE — Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis. “We’re not afraid of them.”A strike rally for the International Association of Machinists and Aerospace Workers in Seattle on Tuesday. U.S. Representative Pramila Jayapal, whose district includes downtown Seattle, addressed the cheering crowd on Tuesday, criticizing Boeing and calling on Ortberg to end the strike. “Let’s make Seattle Boeing town again!”‘NO PENSION, NO WRENCHING’IAM members have been holding smaller picket lines in front of Boeing sites throughout the strike. A Boeing spokesperson said on Monday the planned job cuts included both union and non-union workers, but striking IAM employees were not currently affected.

Persons: Kelly Ortberg, Maria Cantwell, X, Patty Murray, Adam Smith, Rick Larsen, ”, Matthew Wright, We’re, Jason Redmond, Julie Su, Pramila Jayapal, “, “ Kelly Ortberg, Jon Holden, ” Holden Organizations: SEATTLE — Boeing, Reuters, Democrats, Boeing, U.S, West, International Association of Machinists, Aerospace Workers, Getty, Labor, IAM, Seattle Boeing, Seattle, Microsoft Locations: Seattle, Washington, West Coast, AFP, United States, America, Seattle —, ”

☆ Boeing's European rival Airbus is axing up to 2,500 jobs at its space and defense unit
▼ + stars: | 2024-10-16 | by ( Will Martin | ) www.businessinsider.com time to read: +2 min

Airbus is cutting up to 2,500 jobs in its space and defense unit. The Airbus cuts come just days after rival Boeing announced it would lay off 17,000 staff. AdvertisementAirbus, the European aviation giant, is axing up to 2,500 jobs in its space and defense unit. The expected cuts come just months after Airbus said in its second-quarter earnings report that the space division was affecting its financial performance. The Airbus job cuts come just days after its arch aviation rival, Boeing, said it would ax about 17,000 roles.

Persons: — Organizations: Airbus, Boeing, Service, Max Locations: Seattle

☆ Delta unveiled a fresh cabin design as it modernizes aging planes amid further delays to new Boeing jets
▼ + stars: | 2024-10-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Delta Air Lines is set to update the cabins of its Boeing 757 and Airbus A350 jets. The 757s being updated are at least 20 years old as Delta waits on delayed new 737 jets. Courtesy of Delta Air LinesThe Max 10 is the largest version of Boeing's newest narrowbody jet, but is yet to be certified amid a difficult period for the embattled planemaker. Courtesy of Delta Air LinesIt will feature a "warmer and more modern color palette" that includes a red accent stripe and the airline's logo on seat tags, Delta said. Courtesy of Delta Air LinesIn Delta One, the airline's business class, the fabric seats are made from a lighter material that should help regulate a passenger's temperature.

Persons: —, It's, Delta, Max, Guy Organizations: Delta Air Lines, Boeing, Airbus, Service, Air Lines, Delta Air Locations: New, Delta

☆ Retail spending report could show consumers still pouring money into the economy
▼ + stars: | 2024-10-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Consumer spending was expected to hold strong in September, possibly even more than forecast and enough to throw another wrinkle into the Federal Reserve's thought process. "If retail sales accelerate considerably, in our view, the narrative may shift further toward 'no landing' or even re-acceleration." "Monthly retail sales data can be volatile. For now, Bhave thinks a strong sales report will "probably not … at least, not yet" hit Fed policy. At the same time the retail report drops, the Labor Department will issue its weekly reading on initial unemployment claims.

Persons: Dow Jones, Aditya Bhave, Bhave, Hurricanes Helene, Milton Organizations: Bank of America, Fed, Labor Department, Hurricanes, Boeing Locations: Michigan

☆ Boeing to raise as much as $25 billion to shore up balance sheet
▼ + stars: | 2024-10-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Striking Boeing workers and their supporters picket outside the Boeing Co. manufacturing facility in Renton, Washington, on Sept. 16, 2024. Earlier, Boeing separately said in a filing that it has an agreement with a consortium of banks for a $10 billion credit agreement. "The credit facility provides additional short term access to liquidity as we navigate through a challenging environment," the company said in a statement. Boeing shares are down nearly 43% this year through Monday's close. Boeing is trying to shore up its balance sheet as it faces warnings from credit ratings agencies that it could lose its investment grade rating.

Persons: Boeing's, Kelly Ortberg, Ortberg Organizations: Boeing, Boeing Co Locations: Renton , Washington, Monday's

☆ Emirates really isn't happy with Boeing — and will be having a 'serious conversation' about the latest 777X delay
▼ + stars: | 2024-10-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Emirates' president criticized Boeing over further delays to the 777X jet delivery. Emirates has ordered 262 of the 777X, making it the biggest customer of the much-delayed jet. AdvertisementThe president of Emirates, one of Boeing's biggest customers, has slammed the planemaker after it announced a further delay to its much-anticipated 777X jet. The Boeing 777X has revolutionary folding wingtips that are a first in commercial aviation. Related storiesSheikh Ahmed bin Saeed Al Maktoum, the Emirates CEO, previously said the 777X delays would force it to use existing jets for longer than planned, Reuters reported.

Persons: Tim Clark, —, Sir Tim Clark, Taylor Rains, Kelly Ortberg, Clark, Sheikh Ahmed bin Saeed Al Maktoum, Ortberg Organizations: Boeing, Emirates, Service, Business, Alaska Airlines, Boeing 777X, Reuters Locations: Seattle

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
▼ + stars: | 2024-10-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

There's no doubt about that," said Harry Katz, a professor who studies collective bargaining at Cornell University's School of Industrial and Labor Relations. Late Friday, Jon Holden, president of the striking workers' union, IAM District 751, pushed for a return to negotiations. However, unlike during the last Boeing factory strike in 2008, there is more contract work in the Seattle area to help workers fill the gaps. Slashing workforceA Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024.

Persons: Stephen Brashear, It's, Boeing machinists, Kelly Ortberg, bookends, Max, wasn't, Harry Katz, Jon Holden, Ortberg, Jennifer Buchanan, hasn't, they're, Richard Aboulafia, Ron Epstein, Nick Oxford Organizations: Boeing, Getty, Cornell University's School of Industrial and Labor Relations, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, Boeing Renton Factory, AFP, of America, Bloomberg, & $ Locations: Renton , Washington, Seattle, Friday's, underperformance, Wichita , Kansas

Zients also made clear that President Joe Biden had directed the Secret Service to provide the highest level of protection for Trump, the source said. A subsequent letter from Wiles to acting Secret Service Director Ronald Rowe reviewed by NBC News confirmed several of the campaign’s requests. The Trump campaign also requested that special operations forces be assigned to protect Trump, according to two U.S. officials. A defense official told NBC News that the “department continues to provide enhanced support to the U.S. Secret Service” for the presidential and vice presidential candidates. Another source said Trump is receiving the same level of protection as Biden, so the campaign should not expect more.

Persons: Donald Trump’s, Susie Wiles, Jeff Zients, Zients, Wiles, Joe Biden, Ronald Rowe, Trump, Steven Cheung, Mike Waltz, Donald Trump, Anthony Guglielmi, ” Guglielmi, Guglielmi, ”, Biden, Lloyd Austin Organizations: NBC News, Trump, White House, Department of Homeland Security, Service, Secret Service, Boeing, Secret, Department of Defense, Pentagon, U.S . Northern Command Locations: Butler , Pennsylvania, West Palm Beach , Florida, Iran, U.S

☆ Tensions are rising in the Boeing strike after the planemaker filed a complaint against the union
▼ + stars: | 2024-10-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The Boeing strike is growing increasingly ill-tempered as both sides have filed NLRB complaints. AdvertisementBoeing filed a complaint on Thursday with the National Labor Relations Board against the union representing 33,000 of its workers. Rising tensions are palpable, and a longer strike would continue to hurt Boeing. AdvertisementBank of America analyst Ron Epstein estimated that the strike is costing Boeing $50 million a day. "Given that position, further negotiations do not make sense at this point," Stephanie Pope, CEO of Boeing Commercial Airplanes, told employees in an email Tuesday.

Persons: —, Ron Epstein, Boeing's, Kelly Ortberg, Stephanie Pope, Mike Fitzsimmons Organizations: Boeing, Service, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, NLRB, Bank of America, Business, Airplanes, Seattle Times, BI Locations: Seattle

☆ Hurricanes are becoming more frequent, violent, and costly — plus they're hitting jobs and economic growth
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Hurricane Milton is battering Florida days after Hurricane Helene wreaked havoc on several states. The two events are the latest sign that hurricanes are becoming more frequent, more ferocious, and more costly. They're also hitting employment and economic growth, at least in the short term. They estimated that a Category 5 storm could lower fourth-quarter annualized GDP growth by 0.14 percentage points, from a forecasted 2.3% to below 2.2%. "Rebuilding should provide a boost to economic activity in those affected regions in subsequent months, and potentially years," Sweet told BI, quoting from his recent note.

Persons: Milton, Hurricane Helene, Helene, They're, Adam Smith, Jefferies, Harvey, Ian, Smith, Michael Mann, Ryan Sweet, Sweet, Mann, Implan Organizations: Service, Hurricanes, National Oceanic, Atmospheric Administration, NOAA, University of Pennsylvania, Oxford Economics, Boeing, Milton, Potsdam Institute, Climate Impact Research Locations: Florida, North Carolina, Milton

☆ Hurricane season is set to scramble Americans' view of the economy before the election
▼ + stars: | 2024-10-10 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Additional disruptions from Hurricane Milton complicate the data collection for October's jobs report. To stimulate hiring, the Federal Reserve began cutting interest rates in September, and the jobs report will strongly inform its path forward. "I wouldn't expect these events to materially change how Americans view the economy before the election," DeAntonio said. For example, it noted in its release last week Hurricane Francine, which hit Louisiana in early September, "had no discernible effect" on the employment data it collected. Any effects from the hurricanes could lead to an October jobs report that shows a more pessimistic view of the economy than underlying conditions would suggest.

Persons: Helene, Milton, —, Hurricane, Hurricane Helene, Hurricane Milton, Dante DeAntonio, Kamala Harris, Joe Biden, Daniel Zhao, DeAntonio, Francine, Guy Berger Organizations: Service, Hurricanes, Southern, Labor Department, Federal Reserve, University of Michigan's, Department, Labor, of Labor, Labor Statistics, Boeing, Bureau of Labor Statistics, Employees, Glass Institute Locations: Florida, North Carolina, Hurricane, Louisiana

☆ A United Boeing 787 with 176 people on board had to divert after the pilot's screens went blank over remote northern Canada
▼ + stars: | 2024-10-10 | by ( Pete Syme | Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

A United Airlines flight diverted to Chicago after cockpit screens went blank. AdvertisementA United Airlines plane diverted and made an unplanned landing after cockpit screens went blank while it was flying over Canada's far north. The incident occurred on a Boeing 787 Dreamliner operating Flight 231 from Los Angeles to London on September 26. AdvertisementIn a statement shared with Business Insider, a United Airlines spokesperson confirmed that the plane diverted "to address a potential technology issue." Last week, United Airlines was cleared by the Federal Aviation Administration after a six-month safety review.

Persons: — Organizations: United Airlines, Boeing, Pilots, Service, Airlines, Business, Transportation Safety Board, Canada, Chicago O'Hare, Federal Aviation Administration Locations: Chicago, Hudson Bay, Los Angeles, London

☆ Dollar on a roll after U.S. jobs data and Middle East flare-up
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +3 min

Bank notes of the Chinese yuan, Japanese yen and the U.S. dollar. Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict. But that came on top of a more than 4% decline last week, its biggest weekly percentage decline since early 2009. Yields dipped early last week when investors bought safe-haven Treasuries after Iran launched more than 180 missiles against Israel in escalating geopolitical tensions. Market expectations have swung to the extreme for the Federal Reserve to do just a 25 bps cut in November, rather than 50 bps, following the jobs data.

Persons: Friday's, Chris Weston, haven't, Brent, underperformance, Shigeru Ishiba, Sterling, Huw Pill, Andrew Bailey, BoE Organizations: U.S ., Federal, U.S, Treasuries, Federal Reserve, Bank of England Locations: China, East, Israel, Lebanon, Gaza, Iran, Japan

☆ I flew a Boeing 737 Max simulator and it gave me a new respect for just how hard being a pilot really is
▼ + stars: | 2024-10-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

I tried out two flight simulators, including one for a Boeing 737 Max. AdvertisementI write about planes nearly every day at Business Insider, but trying out a Boeing 737 Max flight simulator gave me new insights into just how much skill and dedication is required to be a pilot. I was helped along the way by Matthew Yemm, a Skyborne flight instructor who spent a decade in the Royal Navy. Flying the 737 MaxThe more imposing simulator was that of a Boeing 737 Max. The entrance to the Boeing 737 Max simulator.

Persons: —, Matthew Yemm, Pete Syme, Max, Nick Heard, Skyborne, it's enthralling, Heard, wasn't, I'd Organizations: Boeing, Service, Business, Max, Gloucestershire Airport, Royal Navy, Royal Air Force, Cathay Pacific, MCC Locations: England, Gloucestershire

☆ What it’s like onboard the COMAC C919 plane, China’s answer to Boeing and Airbus
▼ + stars: | 2024-10-04 | by ( Steven Jiang | ) edition.cnn.com time to read: +7 min

The C919 is China’s first homegrown mainline passenger plane, manufactured by the Shanghai-based state-owned Commercial Aircraft Corporation of China (COMAC). Steven Jiang/CNNI was happy to hear the flight attendant highlight the aircraft type in his pre-takeoff briefing. “Today you’re flying with Air China C919 aircraft, which is the first large airliner independently developed by China,” he said, as the jet taxied to the runway. Air China serves hot meals in economy during meal hours even for short-haul flights (today’s flying time: 1 hour 40 minutes). As far as my passenger expectation goes, this C919 flight has earned a solid B in terms of safety and comfort.

Persons: Beijing CNN —, I’ve, Steven Jiang, CNN Long, ”, deplaning, don’t, COMAC Organizations: Beijing CNN, Boeing, Airbus, Air, Commercial Aircraft Corporation of China, China Eastern Airlines, CNN, International, Air China, Air China C919, China, Hongqiao Locations: Beijing, Air China, Shanghai, Europe, China, Southeast Asia, Africa

☆ Sterling plunges 1% against dollar after Bank of England governor's comments on rate policy
▼ + stars: | 2024-10-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in London on Aug. 1, 2024. The British pound tumbled more than 1% against the U.S. dollar on Thursday after a The Guardian report that Bank of England Governor Andrew Bailey suggested more positive inflation data could lead the central bank toward a more aggressive approach to interest rate cuts. He also said he was encouraged that cost of living pressures had not been as persistent as previously thought, according to the Guardian. The central bank held its key rate in September, after cutting it by 25 basis points in August to 5%. During the September meeting, the institution expressed concerns about services inflation and the labor market, despite headline inflation hovering near its 2% target.

Persons: Andrew Bailey, Sterling, Bailey, BOE Organizations: Bank of England, U.S, Guardian, U.S . Federal, CNBC Locations: London, British

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