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Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
Business and Economy
by  AFP

Boeing reported a $5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results. In 2020, Boeing booked a $6.5 billion charge on the 777X, citing the lengthy FAA certification process and the pushing back of demand from airlines for the jet due to Covid-19.

EU seeks 'urgent solutions' with China over chipmaker Nexperia
EU seeks 'urgent solutions' with China over chipmaker Nexperia
Business and Economy
by  AFP

The EU said Wednesday it is seeking a swift resolution to a Chinese curb on chip exports linked to a row with the Netherlands over chipmaker Nexperia that has alarmed European businesses. "The aim is to find a swift resolution to this problem, which, as you rightly pointed out, is a serious one, and which has raised many concerns from European industry," Gill told reporters.