live U.S. to apply measures 'never seen before' on Iran, Trump official says
The U.S. will impose "never seen before" measures on Iran in order to economically isolate the country, Washington's Treasury Secreta...
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
The project is still in early development and awaits Federal Aviation Administration (FAA) approval.
Boeing CEO Kelly Ortberg has appointed a senior product chief to oversee the development of the 737 Max successor.
Earlier this year, Ortberg met Rolls-Royce CEO Tufan Erginbilic in the UK to discuss potential engine supply for the new aircraft.
The firm says the new model will aim for a minimum 15% improvement in fuel efficiency, featuring a lighter design, new engine architecture, and significant fuselage changes. The project is expected to cost tens of billions of dollars.
Boeing is seeking to regain market share lost to European competitors such as Airbus, following fatal 737 Max crashes in 2018 and 2019 that claimed 346 lives and led to a global grounding of the fleet.
A similar incident involving the 737-800 occurred in South Korea in December 2024, marking the country’s deadliest aviation disaster.
The company has since overhauled senior management and addressed safety protocols. Boeing says it is currently focused on delivering and certifying around 6,000 backlogged aircraft while preparing for the introduction of the new model.
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
Russia has accused Ukraine of threatening global grain supplies after recent strikes on Black Sea agricultural infrastructure, while Moscow carried out a new overnight attack on Ukraine’s major Danube port of Izmail.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
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