Gold surpasses $4,000 for first time amid rate-cut bets and global uncertainty
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tens...
Boeing has struck a deal with the U.S. Justice Department to avoid criminal charges over the 737 Max tragedies, agreeing to pay over $1.1 billion in penalties, victim support, and safety reforms.
The U.S. Justice Department said Friday it reached an agreement with Boeing that will allow the aerospace giant to avoid a criminal trial. The company had been accused of deceiving regulators prior to two fatal crashes involving its 737 Max jets that claimed 346 lives in 2018 and 2019.
Under the proposed deal, Boeing will pay or invest more than $1.1 billion. This includes a $487.2 million criminal fine, although $243.6 million already paid under a previous settlement will be credited. The company must also allocate $444.5 million to a fund for victims’ families and invest $445 million into improving safety, compliance, and quality control programs.
In a court filing, Justice Department attorneys said the agreement ensures accountability and immediate public benefit, while eliminating the uncertainties of going to trial.
The non-prosecution agreement would shield Boeing from being officially labeled a felon and cancels a trial that had been set for next month. As a major military contractor and one of America’s top exporters, such a label could have led to severe consequences.
Families of the crash victims, however, expressed outrage over the deal. Paul Cassell, an attorney representing several families, argued that Boeing deserves to face trial. “Dropping the case disrespects the memories of the 346 victims who died due to Boeing’s lies,” he said.
The Justice Department recently met with families to present the terms of the agreement. While officials argue the resolution brings timely support and reform, relatives continue to demand tougher penalties and accountability for former Boeing executives.
Boeing has not yet commented on the proposed agreement, which must still receive final court approval.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
The newly elected mayor of Herdecke in northwestern Germany, Social Democrat Iris Stalzer, was seriously injured in a knife attack near her home by an unknown assailant or assailants.
UFC fighter Conor McGregor has been issued an 18-month suspension for breaching the UFC’s anti-doping regulations after missing three scheduled drug tests in 2024, according to a statement released by Combat Sports Anti-Doping (CSAD) on Tuesday.
Ecuadorian President Daniel Noboa’s vehicle was attacked on Tuesday as his convoy travelled through Cañar province, where protesters demonstrating against the government’s decision to lift fuel subsidies threw rocks and other objects at his car.
Ukrainian Foreign Minister Andrii Sybiha met on Tuesday with a delegation from the Organisation for Security and Co-operation in Europe (OSCE) Parliamentary Assembly, marking the first visit to Ukraine by the group’s President, Pere Joan Pons.
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