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Emirates sends a stern warning to Boeing over performance shortcoming

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Emirates plans to swap Boeing 777X for Dreamliner

The head of Emirates says they’ll refuse delivery of new 777X aircraft if Boeing falls short of contract performance agreements

Emirates says they’ll refuse delivery of new aircraft from Boeing if they’re not up to scratch. The middle eastern carrier sent a stern warning to the US company over failure to meet contract performance agreements.

In an interview, President Tim Clark says he had not received any performance details of the jet’s engines so far. This is even though test flights began in 2020.

The influential industry veteran has raised concerns that Boeing had a recent history of over-promising and underdelivering.

The company also failed to meet promises about the performance of new jets, including the 737 MAX and 787 Dreamliner.

Emirates plans to swap Boeing 777X for Dreamliner

This comes after the chairman of Emirates said the company is in discussions with Boeing about changing aircraft.

Emirates plans to swap its 126 Boeing 777-X jets for smaller 787 Dreamliners as part of a sweeping review.

Demand for jumbo jets slumps following pandemic

This also comes at a time where the demand for international travel is falling due to COVID-19.

Emirate’s Chief Operating Officer Adel Al Redha said the company prefers to take the smaller Dreamliner sooner rather than later as it “offers better seat capacity”.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Nvidia’s market dominance is driving Wall Street to new records

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Nvidia’s stellar results propel Wall Street to unprecedented heights.

Nvidia’s latest financial results have become the catalyst for Wall Street’s surge to record highs.

The renowned graphics processing unit (GPU) manufacturer reported exceptional performance, beating market expectations and instilling newfound confidence in investors.

Nvidia’s revenue and earnings exceeded projections, driven by robust demand for its GPUs across various sectors, including gaming, artificial intelligence, and data centres.

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How the Australian market reached its 15-year high

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Australia’s financial landscape is experiencing a historic surge as the market reaches 15-year highs, prompting investors to delve into the key factors driving this remarkable growth.

The Australian economy has demonstrated resilience and adaptability, navigating global challenges to emerge as a standout performer in the post-pandemic era.

A confluence of factors has contributed to the Australian market’s ascent. Strong economic fundamentals, including robust GDP growth and low unemployment rates, have instilled confidence among investors.

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Rate hike fears loom for New Zealand following RBNZ meeting

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As the Reserve Bank of New Zealand (RBNZ) convenes for its latest meeting, speculations are rife regarding the possibility of a rate hike and the potential repercussions for the market.

With the global economic landscape in a state of flux, central banks play a crucial role in shaping monetary policies to navigate uncertainties and spur economic recovery.

Analysts and investors are closely monitoring the RBNZ’s statements and actions, particularly regarding interest rates.

Speculation is mounting that the central bank may consider a rate hike to address concerns related to inflation and to align with global trends.

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