Co-hosts New Zealand exit World Cup after draw

Boeing Facing Potential Boycott Following Fatal Severe Turbulence Incident

Boeing Facing Potential , Boycott Following Fatal , Severe Turbulence Incident. 'Newsweek' reports that Boeing is facing renewed calls for a boycott of the plane manufacturer after a fatal severe turbulence incident on a Singapore Airlines flight. . On May 21, Singapore Airlines flight SQ321 encountered "clear-air turbulence" that injured 23 passengers and nine crew members. . Geoffrey Kitchen, a 73-year-old British musical theater director, died following the incident on the Boeing 777 en route from London to Singapore. . In a statement released after the incident, Singapore Airlines said that medical personnel were on standby to assist the injured at Bangkok's Suvarnabhumi Airport. According to authorities, a total of 14 people were hospitalized with minor injuries. . 'Newsweek' reports that clear-air turbulence is undetectable by radar, making it an unpredictable and inherently dangerous situation. According to data from Flightradar24, the Boeing 777 plummeted over 6,000 feet in under three minutes. . The news comes as Boeing faces increased scrutiny regarding its quality and safety standards following a string of recent incidents. . In January, the rear door plug of an Alaska Airlines Boeing 737 Max 9 came off in mid-flight, an incident which resulted in the FAA grounding all Max 9 aircraft. . In March, a Boeing 787 Dreamliner from Australia to New Zealand abruptly lost altitude, injuring nearly 50 people. . Those incidents followed fatal 737 MAX crashes in Indonesia in 2018 and Ethiopia in 2019, which killed over 300 people and grounded the MAX model for nearly two years. . Those incidents followed fatal 737 MAX crashes in Indonesia in 2018 and Ethiopia in 2019, which killed over 300 people and grounded the MAX model for nearly two years.

European Central Bank Cuts Interest Rates

European Central Bank , Cuts Interest Rates. The action was confirmed on June 6 at the central bank's meeting, CNBC reports. . The European Central Bank's (ECB) key rate will go from 4% down to 3.75%. The ECB Governing Council issued a statement. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, , ECB Governing Council, via statement. ... it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady, ECB Governing Council, via statement. This is the first time that interest rates have been cut since September 2019. . Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports. For 2025, it was raised from 2% to 2.2%. The projection for 2026 stayed at 1.9%. The ECB's next meeting is in July, where another rate cut is unlikely, experts say. The slight upgrade to the inflation forecast was to be expected, inflation has been printing a little bit hotter than markets were expecting, but in terms of the timing of the next cut I’d still be looking to September, Dean Turner, chief euro zone economist at UBS Global Wealth Management, to CNBC. Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year. Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year. Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year. The U.S. Federal Reserve continues to battle America's rate of inflation.

French military in Ukraine would be 'legitimate target' for Russia: Lavrov

Russia's foreign minister Sergey Lavrov also dismissed the Ukraine peace security conference due to take place in Switzerland in July, while touring Africa.

Zelenskyy promotes Ukraine peace summit in surprise visit to Philippines

During his visit to Manila, the Ukrainian president said that Russia is using Chinese diplomats to dissuade countries from attending the upcoming peace summit in Switzerland.