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Disneyland workers vote for potential strike
Sky News· 2024-07-20 15:03
Thousands of Disneyland workers have voted to authorise a strike. If the strike goes ahead, 14,000 Disney ride operators, shop workers, sweet makers, ticket takers and parking attendants could walk off the job. It would be Disneyland's first strike in 40 years, affecting Disneyland, Disney California Adventure, the Downtown Disney retail district and Disney-owned hotels in California.The vote was held by a coalition of four unions. Of the members who voted, 99% supported authorising a strike, according to t ...
Microsoft has serious questions to answer after perhaps the biggest IT outage in history
Sky News· 2024-07-19 12:17
It's possible we are looking at the largest IT outage in history.More than 70% of the world's desktop computers run on Microsoft Windows software. A software update from one of Microsoft's clients - cybersecurity company CrowdStrike - has now taken a large number of those machines offline.The faulty code - just a few lines long - has led to global disruption with an economic impact that is as yet incalculable - but likely to be huge.Follow live: Major services across the world affected by outage The "Falco ...
Mass IT outage hits companies around the world as planes grounded
Sky News· 2024-07-19 09:21
Businesses including banks, airlines, train companies, telecommunications companies, TV and radio broadcasters, and supermarkets have been affected by a mass global IT outage.Major US airlines including American Airlines, Delta Airlines and United Airlines have been grounded, while airports in Germany, Amsterdam and Spain are also reporting issues. It is believed the outage is related to an issue at global cybersecurity firm Crowdstrike and Microsoft - although it is unknown if it is the same issue affectin ...
Boeing had enough problems on Earth - now it has them in orbit too
Sky News· 2024-07-10 18:28
There are worse places to suffer a travel delay than on the International Space Station. At least astronauts Butch Wilmore and Suni Williams get to gaze at the planet rotating beneath them as they wait for engineers to work out what's gone wrong with their spacecraft's thrusters so they can fly home. In a news conference from the ISS, they certainly seemed to be having a good time, helping out with science experiments and maintenance - and taking photos of tropical storms.But for Boeing the technical glitch ...
Boeing to admit fraud to avoid trial over crashes that killed 346 people
Sky News· 2024-07-08 11:28
Boeing is to plead guilty to a criminal fraud conspiracy charge to resolve a US investigation into two fatal 737 MAX crashes.An official at the US Department of Justice (DoJ) revealed overnight that Boeing would pay a $243.6m (£190.1m) fine and invest at least $455m (£355m) over three years to strengthen its safety and compliance programmes as part of the plea deal. The settlement, which Boeing acknowledged but did not comment on, marks the second time the planemaker has been offered a plea bargain by the d ...
Troubled Boeing takes control of manufacturer after mid-air blowout
Sky News· 2024-07-01 13:34
Spirit AeroSystems was a company little-known outside the aviation industry until January this year.Then, however, the fuselage maker was flung into the spotlight when a Boeing 737 MAX jet operated by Alaska Airlines suffered a mid-air blow-out of a door plug. Spirit, whose operation in Wichita, Kansas, had made the fuselage for the jet, saw its shares plunge by as much as 20% and found the quality of its work coming under heavy scrutiny as Boeing scrambled to convince regulators and customers that its airc ...
Meta is planning to use your Facebook and Instagram posts to train AI - and not everyone can opt out
Sky News· 2024-06-26 01:57
Core Viewpoint - Meta's plans to use public posts from Facebook and Instagram users in the UK and EU for AI training have been delayed due to legal challenges, particularly from the Irish Data Protection Commission [1][2]. Group 1: Legal Challenges and Delays - Meta is facing 11 legal challenges in Europe regarding its intention to use user data for AI training [1]. - The Irish Data Protection Commission requested a delay in training large language models, which Meta's privacy policy director described as "disappointing" [1]. - Meta hopes to resolve the delay over the summer [1]. Group 2: User Rights and Notifications - Users in the EU and UK are protected by strict data protection laws and have the right to object to their data being used [2]. - When plans resume, users will be notified via email or notification, allowing them to object before implementation [2]. - Meta is currently directing users to a form to express their objections, which will be reviewed in accordance with data protection laws [4]. Group 3: Impact on AI Launch - The delay in using local data has also postponed the release of Meta AI in Europe, as the company aims to provide a comparable experience to users in other regions [5]. - Meta's global engagement director emphasized the importance of including local information to avoid offering a "second-rate experience" [5].
There's one big reason behind Nvidia's plunge in value
Sky News· 2024-06-25 10:58
Just one week ago, Nvidia became the world's most valuable company.The chipmaker - whose shares had risen nine-fold since the end of 2022 - overtook Microsoft as its stock market valuation reached $3.34trn. Since then, the shares have fallen by 13%, declining in each of the last three trading sessions.That has been enough to clip more than $500bn from Nvidia's stock market valuation reached when, last Thursday, the shares hit an all-time intra-day high of $140.76 each (taking into account the 10-for-one sha ...
Microsoft back as world's most valuable company
Sky News· 2024-06-21 06:08
Microsoft has regained the title of the world's most valuable public company just days after it was overtaken by one of its rivals.Computer chip maker Nvidia lost its hold on the top spot after its shares slipped by 3.5% in the US on Thursday, leaving the company valued at $3.2trn (£2.5trn). Microsoft's shares also dipped slightly, but it still ended the day's trading worth $3.3trn (£2.6trn).Nvidia, Microsoft and Apple are now in a three-horse race for the top spot, while they are also battling to become th ...
Boeing crash relatives seek $25bn fine for 'deadliest corporate crime in US history'
Sky News· 2024-06-19 18:25
Core Viewpoint - Boeing faces a potential fine of nearly $25 billion and criminal proceedings related to two fatal 737 MAX 8 crashes, as argued by relatives of the victims, who label it the "deadliest corporate crime in US history" [1][3] Group 1: Legal and Regulatory Issues - The US Department of Justice (DoJ) has filed a case against Boeing for breaching a 2021 deferred prosecution agreement, which had previously shielded the company from criminal prosecution [1][2] - Boeing agreed to pay $2.5 billion to resolve investigations into its conduct and to compensate victims' families following the crashes in 2018 and 2019 [1] - Relatives of the victims are urging the Texas court to dismiss the deferred prosecution agreement, asserting that a maximum fine exceeding $24 billion is legally justified [3] Group 2: Recent Incidents and Investigations - A recent incident involving a Boeing 737 MAX 9 operated by Alaska Airlines, which experienced a mid-air panel blowout, has prompted multi-agency investigations, including by the DoJ [2] - The MAX 8 fleet was grounded for 20 months following the Ethiopian Airlines Flight 302 disaster in March 2019, which resulted in the deaths of all 157 on board [2] Group 3: Corporate Governance and Management Changes - A significant management shake-up is underway, with both the CEO and chairman set to depart, amid ongoing regulatory scrutiny and production limitations affecting Boeing's earnings [4] - Boeing's share price has decreased by one-third in the year to date, reflecting the impact of regulatory actions and production challenges [4] Group 4: Safety and Quality Concerns - The CEO defended Boeing's safety record during a Senate hearing, denying claims that the company prioritized profits over safety, while expressing condolences to the families of crash victims [5] - A whistleblower report has raised allegations of defective parts being used in 737 variant aircraft, with claims that Boeing attempted to conceal evidence from the Federal Aviation Administration (FAA) [5][6]