In the news today: Boeing suspends operations of the entire global fleet of its 737 MAX aircraft, Boeing’s insurers could face big claims, and Facebook apps have been hit by a global outage


Boeing suspends its 737 MAX planes

CEO Dennis Muilenburg announced yesterday that it will suspend the operations of its 737 MAX fleet temporarily pending further investigation into its second air crash in six months.  READ MORE

Boeing’s insurers could face big claims

Ethiopian Airlines’ insurers may look to recoup money from Boeing’s insurers (including lead insurer Global Aerospace in the UK), if it can be proved the airline was faulty. Meanwhile, the crisis has wiped more than $25 billion off Boeing’s market value.  READ MORE HERE and HERE

Facebook apps hit by global outage

The Facebook family of apps is still experiencing problems, with Facebook and Instagram still partially down for some users around the world. Facebook said the issue is not related to a DDoS attack.  READ MORE

Business confidence at two-year low

The RMB/BER Business Confidence Index (BCI) declined by a further three points to 28 in the first quarter of the year. This means that seven out of ten business people responding to the survey were unsatisfied with current conditions.  READ MORE

FSCA investigations head takes proactive approach

Brandon Topham, newly appointed head of the investigations division at the Financial Sector Conduct Authority (FSCA), says the regulator needs to move quickly when the public is at risk.  READ MORE