Boeing will temporarily stop production of the 737 MAX aircraft in January, following two fatal crashes in five months.
The commercial production of the jet had continued despite the firm struggling to get approval from regulators to put the plane back in the air seven months after the crash.
The firm said decision to the halt production at its plant with 12,000 employees will not result in any layoffs "at this time".
Spinneys announces intention to float on Dubai Financial Market
Spinneys Holding has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market.
DXB remains world's busiest international airport
Dubai International Airport (DXB) has been ranked the world's busiest hub for international passengers for a tenth consecutive year.
Apple loses top phonemaker spot to Samsung
Apple's smartphone shipments dropped about 10 per cent in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday.
World Bank chief pushes internal reforms at spring meetings
World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements next week to speed up the development lender's loan approvals, improve the accountability of its 16,000 employees and attract private capital to projects.
OPEC sees robust summer oil demand
OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024, highlighting an unusually large gap between predictions of oil demand strength.
