Bloomberg Boeing Co agreed to pay $200 million to settle Securities and Exchange Commission (SEC) allegations that the company and its former CEO Dennis Muilenburg failed to disclose safety issues with its 737 Max jetliner, resolving one of the final US investigations related to two crashes that killed 346 people. The settlement, announced by the SEC, concludes a probe ...

Bloomberg Online furniture store Made.com Group Plc put itself up for sale after the cost-of-living crisis and supply-chain snarls severely disrupted a business that boomed during Covid-19 lockdowns. The UK company kicked off a strategic review, saying it hasn’t received any formal offers. Made.com said it’s considering debt financing, taking on a business partner or a complete sale or merger. ...

  Ras Al Khaimah / Gulf Time IndiGo, India’s leading carrier, has commenced new daily direct flights between Mumbai and Ras Al Khaimah. Ras Al Khaimah is the 100th overall destination and 11th in Middle East in 6E network. Ras Al Khaimah was also named as Gulf Tourism Capital for the year 2020 and 2021 by Gulf Cooperation Council. The ...

Bloomberg Russia on Friday began staging UN-condemned “votes” on annexing the roughly fifth of neighboring Ukraine it occupies in a step that marks a new escalation in the spiraling conflict between President Vladimir Putin and the US and its allies. Russian state media reported overwhelming support for accession to Russia in the four regions that its troops partially control, according ...

Bloomberg President Joe Biden reaffirmed the United States’ “ironclad commitment to the defense of the Philippines” during his meeting with counterpart Ferdinand Marcos Jr in New York. The two leaders also “underscored their support for freedom of navigation and overflight” in the South China Sea, and sought peaceful resolution of disputes, according to a White House readout. Biden and Marcos ...

Bloomberg Russian President Vladimir Putin’s move to draft in 300,000 reservists to reinforce his troops in Ukraine is likely to extend the war rather than influence its outcome. Still, it could buy him time to execute a wider strategy — including exacerbating Europe’s energy crisis and threatening a nuclear strike on unspecified targets— aimed at undermining foreign military and financial ...

Bloomberg China’s foreign minister compared the drive for Taiwanese independence to a charging rhinoceros that must be stopped in its tracks, and blamed the US for speeding it along. Foreign Minister Wang Yi said legislation under consideration by US lawmakers threatens the foundation of US-China ties. He said voices advocating the independence of Taiwan, which Beijing claims as its territory, ...

  Bloomberg Luiz Inacio Lula da Silva is gaining momentum 10 days before Brazil’s presidential election, nearing the simple majority needed to give him a first-round victory on October 2, a new DataFolha poll shows. Leftist challenger Lula would take 47% of the first-round vote, up from 45% a week ago, with the increase falling inside the poll’s two-point margin ...

Bloomberg Liz Truss’s new UK government delivered the most sweeping tax cuts since 1972, slashing levies on rich households and companies in a bid to boost economic growth in a move that triggered a massive market selloff of the currency and bonds. Chancellor of the Exchequer Kwasi Kwarteng announced a series of tax cuts and regulatory reforms that will cost ...

Bloomberg Germany is stepping up preparations for a gas emergency that would require rationing for the country’s biggest companies this winter as Russia’s squeezes flows to Europe. In a sign of growing urgency, the regulator will next Wednesday present to lawmakers a digital security platform to identify the “non-protected” consumers that will bear the brunt of rationing. That includes Germany’s ...