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Boeing will pay a $200m settlement over its 737 crashes

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Boeing will pay a $200m settlement over accusations it misled investors about its controversial 737 Max aircraft

Boeing will pay a $200m settlement to investors after misleading them about its controversial 737 Max aircraft.

The settlement follows a wide sweeping investigation by America’s Securities and Exchange Commission.

The SEC was probing allegations of misleading statements made by Boeing’s former-Chief Executive about the troubled jets, which crashed in both Indonesia and Ethiopia.

This CEO led the company through both incidents, which took 346 lives.

The SEC investigated how Boeing communicated with investors about the crashes, as well as its response to the crisis.

Credit: ABC

The incidents wiped billions from the company’s market value.

In a seperate investigation, the U.S. Justice Department found a former Boeing pilot misled air-safety regulators about the aircraft’s flight-control system.

Boeing paid $2.5 billion following this probe, with most of the settlement provided to airline customers and families of the crash victims.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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ChatGPT creator releases tool to detect A.I. generated text

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OpenAI has released a software tool that can identify if text has been generated by artificial intelligence

The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.

‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.

The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.

Many schools across the world have already banned ChatGPT from being used for projects.

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Elon Musk asks court to throw case out

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Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him

 
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.

Musk says investors in the proposed class action have no independent right to obtain damages.

The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.

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Eurostar trains empty with Brexit leading to border delays

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Eurostar boss says peak trains are empty because of post-Brexit passport delays

You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.

During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.

Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.

It’s all because border police can’t process passports quickly enough.

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