Connect with us

World

FAA chief to test out changes to Boeing 737 Max software in simulator

Published

on

Stephen Dickson, administrator of Federal Aviation Administration (FAA) nominee, speaks during a Senate Commerce, Science & Transportation confirmation hearing in Washington D.C., May 15, 2019.

Stefani Reynolds | Bloomberg | Getty Images

The new head of the Federal Aviation Administration is planning to test out Boeing‘s software changes to its beleaguered 737 Max planes in a simulator this week, he said Monday.

The 737 Max has been grounded since mid-March after two fatal crashes within five months of one another. Investigators implicated a flight-control software that repeatedly pushed the nose of the planes down in both air disasters.

Stephen Dickson, a pilot and former Delta Air Lines executive, who was sworn in as FAA administrator last month, told CNBC he plans to travel to Seattle this week to test out the changes. Boeing’s 737 Max planes are produced in the Seattle area.

“I’m anxious to get out to Seattle later this week and look into this myself and see where we are with the certification process,” Dickson said. “I can I guarantee you that the airplane will not be flying again until I’m satisfied that it’s the safest thing out there.”

Dickson said the agency does not have a firm timeline for allowing the planes to fly again.

This is breaking news. Check back for updates.

Source link

World

How to stay safe while flying and staying in hotels during a pandemic

Published

on

Continue Reading

World

Australian retailers suffer worst quarter in 20 years, exports shine

Published

on

Shoppers walk past a retail store in Australia.

Brendon Thorne | Getty Images

Australia’s retailers are facing a consumption drought as the country’s second biggest state locks down to fight the coronavirus and as data showed sales volumes suffered their biggest plunge in two decades in the second quarter.

Retail sales adjusted for inflation slipped 3.4% in the June quarter, Tuesday’s data from the Australian Bureau of Statistics showed, the steepest decline since the introduction of the goods and services tax in 2000. Analysts were expecting a 3.2% fall in the quarter.

The larger-than-expected drop suggests consumer spending will be a drag on gross domestic product growth in the June quarter.

The sales downturn was driven by cafes & restaurants, off 29.1%, and clothing, footwear and personal accessory, down 22%. There were also losses in food retailing.

The slump in volumes contrasts with value-based retail numbers, with June seeing a solid 2.7% jump in monthly sales and May recording a stellar 16.9% rise as shops, restaurants and pubs fully reopened across large parts of Australia.

Economists warned the outlook was clouded by a second wave of coronavirus infections in the state of Victoria, with weekly spending data by the country’s major banks already showing signs of moderation.

Victoria declared a “state of disaster” this week following a relentless surge in coronavirus infections since late June.

In contrast to retailers, Australia’s exporters have been going gangbusters thanks to demand from China for iron ore and other resources, while imports have been hammered by the lockdowns.

Separate data on Tuesday showed the trade surplus swelled to A$8.2 billion in June, taking the total for the second quarter to a whopping A$23.4 billion.

Exports rose 3% in June underpinned in part by sharply rising prices for iron ore and gold, providing a windfall to miners’ earnings and government tax receipts.

Exports to China alone hit an historic high of A$14.6 billion for the month, bringing the rolling 12-month total to A$151 billion.

Source link

Continue Reading

World

New Delhi cannot fully cut off economic ties with Beijing

Published

on

India China tensions: New Delhi cannot fully cut off economic ties with Beijing