Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Visa to Move European Headquarters to London’s Canary Wharf 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Boeing hit another snag as it tries to get back on track following the grounding of its planes due to the series of crashes in 2018 and 2019. While the company started getting new orders for jets again, it may have to halt its deliveries after it was revealed that the Federal Aviation Administration (FAA) discovered new issues in one of its plane models.
On Monday, July 12, the FAA said that some of the undelivered Boeing 787 Dreamliners were found to have manufacturing quality issues that were not present before. Then again, the agency assured that Boeing would be fixing the affected planes before their delivery.
The new structural issues in Boeing 787s
According to Reuters, the new quality problem was detected during a system-wide inspection of Boeing 787 shimming processes that is part of FAA’s requirements. Based on the information, the issue with some of the 787 Dreamliners was found near the nose.
The aviation agency will determine if the same repairs are needed to be done on the Boeing 787s that are already flying commercially. The FAA will base its decision on the available data related to the issue. It was noted that this is the latest production problem that Boeing is facing with its Dreamliner model.
After the discovery of the new quality issues, Boeing will be cutting down its production rate for the 787s. The cut will be in effect as the company works through the defect, and probably, it will resume the normal production rate once the problem has been addressed.
Reduction of plane deliveries
The American plane manufacturer did not say how much of the production rate that it is cutting, but it mentioned that the temporary slow down in production is below the current rate of five jets per month.
Boeing said it is expecting to deliver fewer than half of 100 of the 787 Dreamliners. It will now be focusing on further inspections to make sure that it will deliver the planes of the highest quality after addressing the flaws.
The Wall Street Journal reported that Boeing estimated that it will take at least three weeks for the defect to be fixed. This means that customers who are expecting plane deliveries will not be getting their orders until next month or later than that.
