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HomeEconomyBusiness | Mar 30th 2024 Edition

Business | Mar 30th 2024 Edition

The top ranks of Boeing’s management were overhauled amid investor unease about safety checks on its airliners. In January a panel fell from a 737 Max 9 passenger jet soon after take-off. Several incidents have been reported since then, including a 777 that lost a landing-gear tyre when it was taking off. Boeing safety has become a meme on TikTok. Dave Calhoun is to step down as chief executive by the end of the year and Larry Kellner departs as chairman. The head of the commercial-aircraft division has been replaced with immediate effect.

America’s Justice Department lodged an antitrust lawsuit against Apple, accusing the tech giant of making it harder for customers to switch phones, undermining innovation in apps, and imposing “extraordinary costs” on developers, businesses and consumers. The complaint in effect attempts to stop Apple locking users into its ecosystem. Apple said the suit “threatens who we are” as a company and sets “a dangerous precedent, empowering government to take a heavy hand in designing people’s technology”. The case will take years to wind its way through the courts.


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