Boeing is working to strengthen its finances,announcing plans to raise up to $25 billion through stock and debt offerings and securing a $10 billion credit agreement with major lenders
Boeing has announced plans to raise up to $25 billion through stock and debt offerings as it grapples with ongoing financial challenges. The company has also entered into a $10 billion credit agreement with major lenders to enhance its liquidity.
Credit rating agencies S&P Global and Fitch Ratings have indicated that these offerings could play a crucial role in helping Boeing maintain its credit rating, which is currently only one notch above junk status. However, some analysts warn that the need for these funding efforts may suggest that Boeing’s short-term liquidity situation is worse than initially anticipated.
As the company continues to address various crises, including production slowdowns and a significant strike that is costing roughly $1 billion per month, these financial maneuvers are essential for stabilizing its operations and future outlook.
Boeing to cut 396 jobs in Washington by February as part of a 10% workforce reduction, following cost-cutting measures after a factory workers' strike in September.
Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Boeing boosts wage offer to 33,000 striking workers with a 38% raise over four years and a $12,000 bonus, aiming to end a seven-week strike that has stalled key aircraft production.
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
A fire ravaged a shopping mall in Culiacán, Mexico, on January 16, 2025, causing significant damage, including the collapse of the roof housing a casino. Emergency responders worked to control the blaze, with one injury and two others treated for nervous breakdowns. Cause remains unknown.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
Coast Guard divers Chuck Fox and Corey Smith from the US Cutter *Polar Star* successfully repaired a leaking shaft in the freezing waters of McMurdo Sound, Antarctica.
Azerbaijan has temporarily halted its contracted natural gas supply to Bulgaria following a technical issue at BP's Alpha platform in the Shah Deniz gas field.
As we welcome the new year, it’s time to focus on species needing urgent conservation in 2025. From delicate lizards to mighty hornbills and massive sharks, all face the threat of extinction.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
A fire ravaged a shopping mall in Culiacán, Mexico, on January 16, 2025, causing significant damage, including the collapse of the roof housing a casino. Emergency responders worked to control the blaze, with one injury and two others treated for nervous breakdowns. Cause remains unknown.
The G20 foreign ministers will convene in Johannesburg on February 20-21, as reported by the Russian Foreign Ministry. This meeting will bring together top diplomats from the world’s major economies to discuss global issues and enhance international cooperation.
Israel's security cabinet met to discuss a ceasefire deal with Hamas and the release of hostages, with the first hostages expected to be freed on Sunday.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
A fire ravaged a shopping mall in Culiacán, Mexico, on January 16, 2025, causing significant damage, including the collapse of the roof housing a casino. Emergency responders worked to control the blaze, with one injury and two others treated for nervous breakdowns. Cause remains unknown.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
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