United Airlines will replace some of its older Boeing planes with 50 new Airbus jets starting in 2024. Chicago-based United announced on Tuesday that it placed an order for Airbus A321XLR jets, a long-range version of the European company's single-aisle A321neo.They will eventually replace United's 53 Boeing 757-200s.Terms weren't released. United also will delay delivery of larger Airbus A350s.Close The decision is a setback for Boeing, which is also based in Chicago and is reeling from the grounding of its 737 Max jets after two deadly crashes.United Chief Commercial Officer Andrew Nocella said the Max doesn't have the range of the A321XLR and Boeing hasn't decided whether to build a new mid-size plane.He said United will use the Airbus jets mostly between the East Coast and Europe.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has … [Read more...] about United Airlines buying 50 Airbus jets to replace older Boeing planes
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Hareesh VDespite positive Chinese manufacturing numbers and improved trade deal optimism, Zinc prices in the international and domestic markets tumbled to multi-month lows.Prices gained considerably in the first half of the year but nosedived to a three year low by September on feeble demand expectation from China.Close China is the world’s largest zinc producer. Additionally, the country is the top consumer, accounting for about half of the global consumption. However, the 16 months old trade dispute with the US has roiled the Chinese manufacturing sector and demand for zinc. related news How to evaluate your risk appetite? December is usually volatile, pause is not negative trigger as articulated Jute could be among priority industries to bet on in next rally Zinc is largely used for galvanising steel, hence, about 50 percent of global demand is from the construction sector. Transportation, infra, industrial machinery and consumer products are the other … [Read more...] about Trade deal optimism, positive China manufacturing data may limit further downside in Zinc
As I walked up to the Intel visitor center in Santa Clara, California, a big group of South Korean teenagers ran from their bus and excitedly gathered round the big Intel sign for selfies and group shots. This is the kind of fandom you might expect to see at Apple or Google. But Intel? advertisement advertisement Then I remembered that Intel is the company that put the “silicon” in Silicon Valley. Its processors and other technologies provided much of the under-the-hood power for the personal computer revolution. At 51 years old, Intel still has some star power. But it’s also going through a period of profound change that’s reshaping the culture of the company and the way its products get made. As ever, Intel’s main products are the microprocessors that serve as the brains of desktop PCs, laptops and tablets, and servers. They’re wafers of silicon coated with millions or billions of transistors, each of which has an “on” … [Read more...] about Inside Intel’s billion-dollar transformation in the age of AI
Today’s technology is built on people. You may order a product online, but humans have to pack, ship, and deliver it to you. And while Uber and Lyft dream of autonomous cars, it seems that humans will be driving you for the foreseeable future. Aside from the techy interface, the gig economy differs little from the traditional service industries of cabbies, couriers, waitstaff, and store delivery folk. advertisement advertisement So should the same tipping rules apply? This week, drivers for grocery delivery service Instacart staged a strike to demand not better pay, but better tips. The app currently nudges customers with a default 5% tip (or $2, whichever is higher). Instacart’s freelance workers are demanding that it be upped to 10%. They and workers for many other gig companies complain of ever-declining pay that makes tips more important to their bottom line. The hope is that a higher default amount could provide an important nudge to customers, who are … [Read more...] about Here’s what you should tip Uber, DoorDash, and Instacart workers
Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?