Boeing reports 2019 loss of $636 mn, 1st year in red since 1997 : Bulletin: Business Today
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Boeing reports 2019 loss of $636 mn, 1st year in red since 1997

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January 30, 2020

Budget likely to raise spending to revive economic growth
Prime Minister Narendra Modi's government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year.

Pollution regulator ponders penalties as coal plants miss deadline to curb harmful emission
Authorities are assessing how seriously to punish the operators of coal-fired plants around New Delhi that missed a year-end deadline to fit equipment to curb harmful emissions, a senior official at the federal pollution regulator said on Wednesday. Under a planned phase-in of higher standards, some plants were given until the end of December, while others had until the end of 2022.

Facebook warns revenue growth slowing, costs remain high
Facebook Inc said that growth would continue to slow as its business matured. The tech giant reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off. The news raised concerns that Facebook's days of astronomical growth were firmly behind it.

Boeing reports 2019 loss of $636 mn, 1st year in red since 1997
Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX dragged down revenues and added to costs. The aerospace giant reported a $1.0 billion loss in the fourth-quarter and a $636 million loss for all of 2019, the company's first annual loss since 1997.

Global airlines start suspending flights to China amidst deadly coronavirus outbreak
A number of global airlines, including Air India, British Airways, Lion Air and Indigo airline on Wednesday suspended their flights to Chinese cities as Beijing struggled to contain the rapid spread of the coronavirus within the country. The coronavirus outbreak began in Wuhan, capital of central China's Hubei province, in December and it has now spread across the globe.

Submit fresh report on compliance of plastic rules by Amazon, Flipkart: NGT to CPCB
The NGT asked the Central Pollution Control Board on Wednesday to submit a fresh report on Amazon and Flipkart's compliance of plastic waste management rules, a day after the CPCB said the e-commerce giants need to collect the waste generated due to packaging of their products. Hearing a plea filed by a 16-year-old boy to stop Amazon and Fli pkart from excessive plastic use in packaging, the National Green Tribunal said it is for the regulator CPCB to enforce the rules.
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