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  • Business
    The Canadian Press

    Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes

    Boeing will be in the spotlight during back-to-back hearings Wednesday, as Congress examines allegations of major safety failures at the embattled aircraft manufacturer. The first session will feature members of an expert panel that found serious flaws in Boeing's safety culture. The main event will be a second hearing featuring a Boeing engineer who claims that sections of the skin on 787 Dreamliner jets are not properly fastened and could eventually break apart. The whistleblower's lawyer says

  • Business
    Bloomberg

    Philippine Peso’s Drop Past 57 Puts Pressure on Central Bank

    (Bloomberg) -- The Philippine peso weakened past the closely watched 57-per-dollar level for the first time since late 2022, putting pressure on the central bank to join emerging-market peers in supporting their beleaguered currencies.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?US Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapChina Tells Iran Cooperation Will Last After Attack on I

  • Business
    Bloomberg

    TSMC Capex Outlook Key to Next Phase of $340 Billion Stock Rally

    (Bloomberg) -- With Taiwan Semiconductor Manufacturing Co. still trading at pedestrian valuations even after surging to a record high, there is potential for its upcoming results to drive the stock even higher.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?US Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapChina Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-

  • Business
    Reuters

    Apple CEO says looking into possibility of building manufacturing facility in Indonesia

    Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on Wednesday after meeting President Joko Widodo. Apple CEO Tim Cook arrived in Jakarta on Tuesday, after visiting Vietnam. "We talked about the president's desire to see manufacturing in the country, and it is something that we will look at," Cook told reporters after the meeting.