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Boeing workers reject contract, extend strike: union
Boeing workers reject contract, extend strike: union
Business and Economy
by  AFP

Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike. The extension of the strike adds to the troubles facing Boeing and its new CEO Kelly Ortberg, who earlier Wednesday expressed measured optimism the latest contract would be ratified.

Asian traders struggle after Wall St losses as US yields spike
Asian traders struggle after Wall St losses as US yields spike
Business and Economy
by  AFP

Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts. Sentiment has been "weighed down by the move up in yields and push back on Fed rate cut expectations", said National Australia Bank's Rodrigo Catril.

Pakistan aims to privatize flag carrier in November: Finance Minister
Pakistan aims to privatize flag carrier in November: Finance Minister
Business and Economy
by  AFP

Pakistan is hoping to finalize both the delayed privatization of its flag carrier and the outsourcing of Islamabad's international airport in November, the country's finance minister said Wednesday. Speaking Wednesday, the finance minister said the five-month delay was down to two factors: ensuring macroeconomic stability, and doing the proper due diligence of the interested parties.