Boeing facing controversy after two 737 Max jets crash. Robert Muelle finally filed his report. And other top stories from the month of March.
Boeing in crisis after 737 Max jet crashes
It all started when an Ethiopian Airlines flight crashes shortly after takeoff and all 157 passengers die in early March. Next, the EU grounds Boeing 737 Max jets even as Boeing insists it has “full confidence in the safety of the 737 Max,” but will issue a software update. Shortly after, the FAA grounds the 737 Max and Norwegian Air says it will seek compensation from Boeing. The story is still developing.
Robert Mueller filed his report
After years of work, the Mueller Report is filed and the American people had mixed reactions. The attorney general says the Mueller report finds no Trump-Russia collusion but does not exonerate President Trump. Many have asked for the full report to be made public, but parts will be redacted before (and if) it is released.
Apple releases new products, services, and partnerships
At its 2019 event, Apple released Apple Card, TV Plus, News Plus, Arcade, and more. Apple Card drew some of the biggest interest and left some people wondering how the credit card works and what are the benefits of using it. While the hype for new Apple releases was going on, the company received some less than favorable news – they had to apologize for failing “butterfly” MacBook keyboards (again).
Aramco acquires Sabic in record-breaking Mideast deal
The world’s biggest producer of oil, Aramco, agreed to buy a majority stake in Sabic, a local chemical company, for $69.1 billion of the kingdom’s sovereign wealth fund. The record deal will help finance the economic agenda of Crown Prince Mohammed bin Salman. Amin Nasser, chief executive officer of Aramco, said in a statement, “This transaction is a major step in accelerating Saudi Aramco’s transformative downstream growth strategy of integrated refining and petrochemicals.”
Deutsche Bank and Commerzbank confirm merger talks
The two largest lenders in Germany – Deutsche Bank and Commerzbank – confirmed that they’re formally discussing merging. According to Reuters, this move could cut costs and together they would become Europe’s third-largest bank, with around €1.8 trillion in assets. This news has also incited worry among labor union members about the possibility of job losses.
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