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The World in Brief from The Economist

Boeing’s financial mess; America’s warning to Israel, and more

The World in Brief from The Economist

The Economist

News & Politics, Global News, Daily News, News

41.2K Ratings

🗓️ 16 October 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Boeing said it plans to raise $25bn by selling shares and debt securities to investors.

Transcript

Click on a timestamp to play from that location

0:00.0

The Economist.

0:04.3

Hello, you're listening to the free edition of the world in brief from The

0:09.9

Economist. As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.0

If you're already an economist subscriber, visit Economist.com slash Espresso,

0:25.5

or visit our Espresso app to start listening.

0:28.6

Here's today's free edition. This is the Worlden Brief from The Economist.

0:37.0

Our top stories.

0:45.0

Boeing said it plans to raise $25 billion by selling shares and debt securities to investors.

0:53.0

Separately, the embattled planemaker reached a credit agreement with several banks worth $10 billion.

1:00.0

Boeing urgently needs cash, a strike that began in mid-September has brought production of some jets to a halt,

1:08.5

which has already cost it more than $1 billion.

1:12.0

The firm shares fell when the borrowing plans were announced.

1:17.0

America gave Israel 30 days to improve humanitarian conditions in Gaza or face restrictions on weapons shipments.

1:26.0

Parts of an American anti-missile system, together with troops to operate it, began to arrive in Israel this week.

1:34.0

Israeli strikes killed at least 50 Palestinians in Gaza on Tuesday.

1:39.0

Meanwhile, Hezbollah's deputy chief said that the solution in Lebanon was a ceasefire and threatened Israel with, quote, pain if its attacks continued.

1:51.0

Three of Wall Street's biggest lenders, Citigroup, Goldman Sachs and Bank of America,

1:58.0

reported higher than expected earnings during the third quarter,

2:02.0

revival in deal-making boosted their investment banking divisions,

2:07.0

but on the retail side, the news was less rosy.

2:11.0

Its loan losses have grown, as high street rates strain the finances of many Americans.

2:17.0

North Korea blew up roads linking it with South Korea.

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