logo
US, Boeing reach deal to resolve MAX criminal case

US, Boeing reach deal to resolve MAX criminal case

Time of India24-05-2025

New York: The Justice Department said Friday it reached a preliminary agreement with
Boeing
to settle a long-running criminal probe into deadly
737 MAX crashes
, drawing condemnation from some crash victim families.
Under an "agreement in principle", Boeing will pay $1.1 billion and the Department of Justice (DOJ) would dismiss a criminal charge against Boeing over its conduct in the certification of the MAX, DOJ said in a federal filing. A judge must approve the accord, which would scuttle a criminal trial scheduled for June in Fort Worth, Texas.
The agreement would resolve the case without requiring Boeing to plead guilty to fraud in the certification of the MAX, which was involved in two crashes in 2018 and 2019 that claimed 346 lives. Family members of some MAX victims slammed the proposed settlement as a giveaway to Boeing. "The message sent by this action to companies around the country is, don't worry about making your products safe for your customers," said Javier de Luis in a statement released by attorneys for plaintiffs suing Boeing. "This kind of non-prosecution deal is unprecedented and obviously wrong for the deadliest corporate crime in US history," said Paul Cassell, an attorney representing relatives of victims. "My families will object and hope to convince the court to reject it." But the DOJ, in its brief, cited other family members who expressed a desire for closure, quoting one who said "the grief resurfaces every time this case is discussed in court or other forums."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Seniors Are Getting Affordable Dental Implants – Here's Why Dentists Are Worried
Dental implant | Search Ads
Learn More
Undo
Family members of more than 110 crash victims told the government "they either support the Agreement specifically, support the Department's efforts to resolve the case pre-trial more generally or do not oppose the agreement," the filing said.
The DOJ filing called the accord "a fair and just resolution that serves the public interest."
Live Events

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Maha Kumbh 2025: The divine catalyst behind India's rise as the world's 4th largest economy
Maha Kumbh 2025: The divine catalyst behind India's rise as the world's 4th largest economy

Time of India

time38 minutes ago

  • Time of India

Maha Kumbh 2025: The divine catalyst behind India's rise as the world's 4th largest economy

(File photo) Maha Kumbh By: Pankaj Jaiswal India has made a historic leap by overtaking Japan to become the world's fourth-largest economy, with a GDP of $4.19 trillion, as per the latest figures released by IMF. While this milestone is the result of long-term policy vision and economic reforms, Maha Kumbh 2025 played a decisive, game-changing role delivering the "economic sixer" that clinched India's fourth-place position. For the past two years, India and Japan were neck and neck in the race for fourth place. But the grand Maha Kumbh held in Prayagraj injected massive momentum into India's economy. The event led to an estimated Rs 4 lakh crore in direct and indirect spending, boosting consumption across multiple sectors including retail, transport, hospitality, healthcare, digital services, MSMEs, and FMCG. This surge in demand energized the economy much like a wartime production boom transforms a nation's industrial output. Consequently, India's GDP for FY 2024–25 exceeded expectations by nearly 1%. Without Maha Kumbh 2025, India may have narrowly missed this milestone. I had already said at the start of the Kumbh that it would revise India's GDP forecast by 1% and that's exactly what happened." Maha Kumbh- A Demand-Driven Economic Injection Maha Kumbh didn't just offer spiritual upliftment it acted as an economic stimulus of unparalleled magnitude. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The influx of millions of pilgrims led to a direct surge in travel, accommodation, food, shopping, medical care, and digital transactions. It wasn't just a temporary bump, the infrastructure created in the run-up to the event, such as roads, bridges, digital connectivity, Ganga rejuvenation, and Smart City projects, continue to benefit the region and the country at large. This was not a coincidence, but a result of visionary governance. Under the leadership of UP CM Yogi Adityanath, the Maha Kumbh became a powerful demonstration of how faith and economic growth can walk hand-in-hand. The global audience witnessed Sanatan Economics in action a model where spirituality and sustainability drive structural development. Maha Kumbh is a prime example of India's festival-driven, demand-led economic framework that maintains constant economic dynamism. The Three Pillars of India's Rise as a Forth Economy In addition to this Maha Kumbh, India's ascent to the fourth spot stands on three core pillars: 1. Strong Policy and Leadership Under PM Narendra Modi, India's policy framework Make in India, Digital India, UPI, GST, PM GatiShakti, Bharatmala, Sagarmala, UDAN has re-energized productivity, reduced imports, boosted domestic manufacturing, and modernized supply chains. Infrastructure push played a pivotal role just like a skeleton and arteries are essential for the human body, physical infrastructure and logistics are vital to an economy. Nitin Gadkari has played vital role in India's infrastructure landscape, bringing in equitable distribution of opportunities and investments. 2. India's Youthful and Festive Population India's population is not a burden but an asset, unlike many African nations or even China now facing demographic challenges. This demographic dividend has become the engine of production, consumption, and innovation. With schemes like Ayushman Bharat, Skill India, and PM Vishwakarma, the youth is becoming increasingly empowered. India's festive culture acts as a perpetual economic catalyst, where events like festivals, marriages, and pilgrimages create sustained demand and protect the economy from global slowdowns. 3. India's Unmatched Growth Rate India's growth rate surpasses that of its economic competitors. As per IMF data, the closest rival, China, lags with a 4% growth rate. Germany, the third-largest economy, has near-stagnant growth. The U.S. stands at 1.8%, Japan at 0.6%, and the UK at 1.1%. In contrast, India's growth, powered by infrastructure, demographics, and festive demand, is robust and dynamic. When this is paired with Sanatan Economics and national culture, India's rise becomes inevitable. The Road to the Top 3 India's next goal is to break into the global top 3. Only three countries now stand ahead, Germany, China, and the US. Surpassing Germany is achievable, given their smaller population, lower growth, and limited consumption base. However, overtaking China and the US will require two bold strategic shifts. First, A National Movement for Swadeshi (Indigenous Products) Due to WTO rules, the government cannot directly push for Swadeshi, but citizens can voluntarily shift to Indian products over Chinese or American ones. This consumer revolution can substantially lift the domestic economy. Second, Focus on Innovation and Patents India must transform its businesses into innovation-led, IP-rich enterprises. Global premium pricing and economic superiority will come only when India builds a knowledge economy and this is the only path to match or surpass the U.S. The final conclusion is that the Sanatan Economics is India's Silent Strength. It is not just a matter of faith, it has economic force too. If India integrates its festival-driven economy into national planning and scales it up strategically, then the dream of becoming a developed nation is not far off. (Writer is an economist and chartered accountant) Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !

Bajaj planning a new 125cc motorcycle: Will the upcoming bike be a new Pulsar, Discover or CT125X?
Bajaj planning a new 125cc motorcycle: Will the upcoming bike be a new Pulsar, Discover or CT125X?

Time of India

time39 minutes ago

  • Time of India

Bajaj planning a new 125cc motorcycle: Will the upcoming bike be a new Pulsar, Discover or CT125X?

Bajaj Auto is preparing to launch a new 125cc motorcycle in an effort to expand its presence in India's commuter bike segment, which contributes significantly to the company's overall sales. The company is yet to reveal full details, but the new addition is expected to help the manufacturer tap deeper into a competitive market that includes models from Hero, Honda, and TVS. Bajaj upcoming 125cc motorcycle: New model aimed at core commuter market Bajaj currently offers four models in the 125cc segment—Pulsar 125, Pulsar NS125, Pulsar N125, and the recently launched Freedom CNG bike. These models are priced between ₹85,178 and ₹1.11 lakh (ex-showroom, Delhi). The upcoming model is expected to join this lineup, though the company has not disclosed whether it will carry the Pulsar name or be launched under a different brand. The launch is part of Bajaj's strategy to strengthen its position in the 125cc motorcycle segment, which the company considers crucial. The segment has grown steadily in recent years and accounts for about 28% of the Indian motorcycle market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold Container Homes in Ifugao - Prices You Won't Believe! Shipping Container Homes | Search Ads Search Now Undo 125CC bike segment most competitive This segment is one of the most competitive in India, featuring rivals like the Hero Xtreme 125R, TVS Raider, and Honda SP125. Bajaj's current presence is largely built around its sporty Pulsar line-up, which already has three models in this category. Possibilities include revival of Discover or CT series There is speculation that the company might revive the Discover brand, which was previously popular in the Indian market. Another possibility is that Bajaj could bring back the CT125X, which was recently discontinued. Both Discover and CT models were known for their value-oriented positioning and wide customer base. Live Events Branding decision still under discussion On an earnings call, Rakesh Sharma commented on the branding strategy: 'So that question is still open. As the product sort of acquires its specs and its full form, we will decide on the branding. I can say that the 125cc segment, in particular, not the 125cc+, the 125cc segment is almost equal to the executive 100cc segment, which is like 28 percent of the Indian motorcycle industry is just the 125cc segment. And we can see two or three sub-segments emerging over here. Freedom is, of course, an innovation, though it's a 125cc, but it cuts across different cc classes and is the proposition for the long-distance rider who is very keen to save money because of long-distance riding. Now, whether there is space for one more brand beside Pulsar will be based on careful analysis of how distinct these sub-segments are. This work is going on and we will conclude this and reveal it to you closer to the time when we launch the product.' Bajaj new 125cc motorcycle: Launch details While no official launch date has been announced, industry observers expect Bajaj to share more information in the coming months. The final branding, specifications, and market positioning will be announced soon.

No more visa fee waivers: Kuwait imposes standard KD150 charge across all sectors
No more visa fee waivers: Kuwait imposes standard KD150 charge across all sectors

Time of India

timean hour ago

  • Time of India

No more visa fee waivers: Kuwait imposes standard KD150 charge across all sectors

Photo: Pexels In a significant overhaul of its labour market framework, Kuwait has officially ended fee exemptions for work visa transfers, introducing a standard KD150 charge for each work permit issued across a wide range of sectors. The policy change was enacted under Ministerial Resolution No. 4 of 2025, announced on Thursday, June 6, by First Deputy Prime Minister and Interior Minister Sheikh Fahd Al Youssef. The move marks a major shift in Kuwait's approach to labour regulation, aimed at tightening oversight and eliminating preferential treatment for specific industries. Key repeals and new requirements At the core of the change is the repeal of Article 2 of the 2024 resolution, which had previously allowed exemptions from work permit fees for certain sectors, depending on manpower requirements approved by the Public Authority for Manpower. With the exemption lifted, all work permits issued under previously exempted categories will now incur the KD150 fee, assessed on a case-by-case basis. Additionally, Article 5 of the 2024 resolution has been abolished, removing the requirement for the Public Authority for Manpower's Board of Directors to conduct a one-year impact assessment before implementing the fee structure. This eliminates the need for any further formal review or recommendation process. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo These adjustments also modify earlier provisions under Ministerial Resolution No. 3 of 2024, further streamlining the issuance and transfer of work permits and standardising related fees. Sectors now affected by the KD150 fee The newly standardised fee applies to a broad spectrum of public and private sector organisations, including: Government-owned companies Hospitals, clinics, and medical centres licensed by the Ministry of Health Private universities, colleges, and schools Foreign investors accredited by the Investment Promotion Authority Sports clubs and federations Public benefit associations, charities, endowments, labour unions, and cooperative societies Licensed agricultural operations, including hunting, livestock pens, sheep and camel grazing Commercial and investment properties Industrial facilities and small-scale industries Previously, these sectors were exempted from paying additional fees, contingent on staffing needs evaluated by the Public Authority for Manpower. A broader push for labour market standardisation The new fee structure is part of Kuwait's wider effort to unify labour regulations and eliminate inconsistencies across sectors. The KD150 fee will now apply uniformly to each work permit issued or transferred, regardless of sector or employer classification. By scrapping exemptions once granted to entities like hospitals, schools, agricultural operations, and charitable organisations, the government aims to close regulatory loopholes and ensure equal treatment in how foreign labour is managed. The repeal of Article 5, previously mandating a one-year impact study, also signals a move toward faster implementation of reforms without further delay or discretionary reviews, reinforcing a shift to more centralised and uniform oversight.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store