Business
A previous quality inspector at Boeing’s main parts maker said on Wednesday that he felt forced to conceal flaws discovered in airline parts, increasing the focus on the company’s quality management for its 737 planes. Santiago Paredes spent more than ten years inspecting parts at Spirit Aerosystems, Boeing’s primary parts producer. He shared with CBS News and the BBC that…
A group of Thai economists have launched a signature campaign to rally support for the Bank of Thailand and its governor, Sethaput Suthiwartnarueput, in the light of ongoing disputes with…
In the first quarter of this year, the state-run Government Savings Bank (GSB) resolved the non-performing loans (NPLs) of more than 720,000 customers, including about 90,000 who were badly affected…
The House Education and Workforce Committee issued a subpoena to acting Secretary of Labor Julie Su on Monday because they believe she did not provide materials related to the department’s plan for employees to return to work. The committee criticized Acting Secretary Su for not fully cooperating with their oversight requests and providing unclear responses.
Publishing company Condé Nast reached a last-minute agreement with staffers on Monday morning, averting a strike ahead of Monday night’s Met Gala in New York, according to union leaders. “We are excited to announce that we have a tentative agreement with @condenast on our first contract,” the Condé union said in a statement on X.…
The financial outlook for Medicare improved in the past year, and the program’s funding to pay all the costs for hospital services of older and disabled beneficiaries won’t run out until 2036, five years later than last year’s estimated date. A stronger than expected economy and lower expenditures on services such as inpatient hospital and…
Former Starbucks CEO Howard Schultz urged his successors to get back to basics as the company sees falling sales. Schultz said in a LinkedIn post that leaders should focus on spending time in stores and on providing good coffee rather than other management strategies. “At any company that misses badly, there must be contrition and…
The Biden administration will grant roughly $285 million in funding from the CHIPS for America Program for development and research of digital twins in the semiconductor industry, the Commerce Department and National Institute of Standards and Technology (NIST) announced Monday. The latest announcement for the notice of funding opportunity is part of the push from…
People's trust in President Biden’s ability to make economic decisions is one of the lowest in the past twenty years. Gallup has tracked confidence in presidents to do the right thing on the economy since 2001, when former President George W. Bush took office. Confidence in Biden’s economic management dropped from 57 percent to below 40 percent in…
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