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Boeing CEO Calhoun fights back tears, admits ‘our mistake’ in 737 address

BLOOMBERG Boeing Co Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings, underscoring the stakes of a safety incident that’s renewing questions over the quality of its manufacturing. “We’re going to approach this — No. 1 — acknowledging our mistake,” Calhoun told Boeing employees during a companywide meeting at its ...

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China aims to foster new drivers of foreign trade in 2024

BEIJING / WAM As China’s 2023 Central Economic Work Conference emphasised boosting foreign trade, the country plans to promote new growth engines in 2024 amid global headwinds. “The unstable momentum and insufficient driving force of the global economic recovery have led to sustained weakness in external demand, which is the main factor affecting the trend of foreign trade,” People’s Daily ...

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ADJD adopts system of automatic cancellation of ‘payments’

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) has implemented a groundbreaking system for the automatic cancellation of enforcement decisions pertaining to financial payments in all judicial rulings. This initiative establishes the ADJD as the first judicial authority in the region to deploy such a mechanism. The primary objective is to streamline the enforcement decision procedures by leveraging ...

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