economy

Boeing Strike Cripples Production as 33,000 Workers Walk Out

Boeing Strike Cripples Production as 33,000 Workers Walk Out

A massive strike involving 33,000 Boeing union members has brought commercial airplane production to a near standstill. This marks the first strike at the aerospace giant in 16 years and could have a significant impact on the US economy. The workers, represented by the International Association of Machinist (IAM) union, overwhelmingly rejected a proposed four-year contract despite union leadership touting it as the best deal ever negotiated with Boeing. The rejected contract included raises of at least 25% and a job security provision guaranteeing that Boeing's next commercial jet would be built at a unionized plant. The strike's impact could…
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Rubix Report Highlights Saudi Arabia’s Economic Transformation and Deepening Ties with India

Rubix Report Highlights Saudi Arabia’s Economic Transformation and Deepening Ties with India

Rubix Data Sciences has unveiled its 3rd edition of the Rubix Country Insights: Saudi Arabia report, shedding light on the Kingdom's dynamic economic landscape and its growing importance in the global arena. Key Findings: Economic Resilience: While Saudi Arabia faced a slight dip in real GDP in 2023 due to oil production cuts, the report forecasts a strong rebound in 2024 and even more robust growth in 2025. This growth will be fueled by higher oil revenues and a thriving non-oil sector. Diversification Success: A major milestone was reached in 2023 as non-oil activities contributed to half of Saudi Arabia's…
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