Boeing Co. reported a nearly $3 billion quarterly loss on Wednesday, its largest in a decade, as the world’s largest planemaker struggles with the prolonged grounding of its best-selling 737 MAX jet, sending its shares down slightly in premarket trading.
As the Indian economy is struggling with a sluggish growth rate of 5.8 percent for the January-March quarter of financial year 2018-19 coupled with 45-year high unemployment rate of over six percent, lagging exports, distressed farm sector, etc, the challenges before the Narendra Modi-led government, is to bring the nation back on a growth path.
One year after being hit by a $2-billion scam, India’s Punjab National Bank (PNB) is set to return to annual profits and strong loan growth in fiscal 2020 even as investigations continue into the country’s biggest banking fraud.
The UK leads the European Union in giving subsidies to fossil fuels, according to a report from the European commission. It found €12 billion a year in support for fossil fuels in the UK, significantly more than the €8.3 billion spent on renewable energy.
British workers had their biggest pay rise in a decade in the three months to October as the country’s strong labor market showed no sign of weakening ahead of Brexit, official figures showed on Tuesday.
The children’s commissioner for England has said the risks faced by deprived young people are ‘the biggest social justice challenge of our time’, after publishing research that suggests one in six minors live in families affected by parental addiction, mental illness or domestic violence.