
Boeing settles with Canadian man whose family died in 737 MAX crash
(REUTERS)Boeing reached a settlement with a Canadian man whose family died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, the man's lawyer said on Friday.The terms of the settlement with Paul Njoroge of Toronto were not released.The 41-year-old man's wife Carolyne and three young children - Ryan, 6, Kellie, 4, and nine-month-old Rubi - died in the crash. His mother-in-law was traveling with them and also died in the crash.The trial was scheduled to start on Monday in US District Court in Chicago, and would have been the first against the U.S. planemaker stemming from two fatal 737 MAX crashes in 2018 and 2019 that together killed 346 people.Boeing also averted a trial in April, when it settled with the families of two other victims in the Ethiopian Airlines crash.The planemaker declined to comment on the latest settlement.The two accidents led to a 20-month grounding of the company's best-selling jet and cost Boeing more than $20 billion.In another trial that is scheduled to begin on November 3, Njoroge's attorney Robert Clifford will be representing the families of six more victims.
Boeing has settled more than 90% of the civil lawsuits related to the two accidents, paying out billions of dollars in compensation through lawsuits, a deferred prosecution agreement and other payments, according to the company.
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Al Etihad
20 hours ago
- Al Etihad
Boeing settles with Canadian man whose family died in 737 MAX crash
12 July 2025 08:53 (REUTERS)Boeing reached a settlement with a Canadian man whose family died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, the man's lawyer said on terms of the settlement with Paul Njoroge of Toronto were not 41-year-old man's wife Carolyne and three young children - Ryan, 6, Kellie, 4, and nine-month-old Rubi - died in the crash. His mother-in-law was traveling with them and also died in the trial was scheduled to start on Monday in US District Court in Chicago, and would have been the first against the U.S. planemaker stemming from two fatal 737 MAX crashes in 2018 and 2019 that together killed 346 also averted a trial in April, when it settled with the families of two other victims in the Ethiopian Airlines planemaker declined to comment on the latest two accidents led to a 20-month grounding of the company's best-selling jet and cost Boeing more than $20 another trial that is scheduled to begin on November 3, Njoroge's attorney Robert Clifford will be representing the families of six more victims. Boeing has settled more than 90% of the civil lawsuits related to the two accidents, paying out billions of dollars in compensation through lawsuits, a deferred prosecution agreement and other payments, according to the company.


Gulf Today
a day ago
- Gulf Today
EU waits on Donald Trump letter as markets digest latest tariff salvo
The European Union braced on Friday for a possible letter from US President Donald Trump, outlining planned duties on his largest trade and investment partner after a broadening of his tariff war in recent days. The EU initially hoped to strike a comprehensive trade agreement, including zero-for-zero tariffs on industrial goods, but months of difficult talks have led to the realization it will probably have to settle for an interim agreement and hope something better can still be negotiated. The 27-country bloc is under conflicting pressures as powerhouse Germany urged a quick deal to safeguard its industry, while other EU members, such as France, have said EU negotiators should not cave into a one-sided deal on US terms. After keeping much of the world guessing his intentions, Trump has outlined new tariffs for a number of countries, including allies Japan and South Korea, along with a 50% tariff on copper, and a hike to 35% on Canadian goods. His cascade of tariff orders since returning to the White House has begun generating tens of billions of dollars a month in new revenue for the US government, and data due later on Friday is expected to show collections since inauguration day in January through June have shot past $100 billion - equal to or greater than the largest annual take ever from customs duties. "We remain locked and loaded to sign an agreement with the US. Let's see what happens when our friends in Washington wake up a few hours from now," EU spokesperson Olof Gill told a briefing. A source with knowledge of the US-EU negotiations said an agreement was close, but that it was hard to predict if the EU might still get a letter announcing more tariffs or when any agreement might be finalised. An EU diplomat, speaking on condition of anonymity, said the EU was strong when it acted together. "It is important that the pain or gain is distributed equally. We cannot have just one country or sector that takes the win." European shares dipped on Friday as investors awaited word on tariffs for the EU, while US stocks dipped in response to the upsized tariff rate Trump announced for Canada late on Thursday. Gold prices, meanwhile, rose for a third straight session on higher demand for the safe-haven asset. Investors appear increasingly inured to Trump's tariff announcements after having near-panic reactions to the earliest announcements in late winter and early spring. Still, the jacked-up rates Trump unveiled out of the blue this week on Brazil and then Canada are emblematic of his unpredictable approach to rolling out the levies. The 35% tariff on Canada is an increase from the current 25% rate he had assigned and is a blow to Canadian Prime Minister Mark Carney, who was seeking to agree a trade pact with Washington. According to Trump, the new rate will take effect on August 1 and could go up further if Canada retaliates. "Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses. We will continue to do so as we work towards the revised deadline of August 1," Carney said on X. The EU has drawn up countermeasures against Trump's tariffs, but has not imposed them. An initial 21 billion euros ($24.5 billion) of levies on US imports due in April was suspended before taking effect. Another package, on some 72 billion euros of US imports, could also be applied. "Basically, if a political decision is made to extend the suspension, then we'll extend the suspension," Gill said. "If we need to unsuspend it, we can do that, you know, at the drop of a hat," he added. Elsewhere US Secretary of State Marco Rubio met with Chinese Foreign Minister Wang Yi in Kuala Lumpur on Friday, as the two powers vied to push their agendas in Asia. Both sides described the meeting as constructive. China this week warned the United States against reinstating hefty levies on its goods next month and Beijing has also threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. Trump has periodically railed against the EU, saying in February that it was "formed to screw the United States" and asking why Europe exports so many cars but buys so few from the US in return. His biggest grievance is the US merchandise trade deficit with the EU, which in 2024 amounted to $235 billion, according to US Census Bureau data. The EU has repeatedly pointed to the US surplus in services that in part redresses the balance. The potential escalation between the EU and the US is a big deal for financial markets, said Joseph Capurso, head of international economics at the Commonwealth Bank of Australia. "If you get something similar to (the U.S.-China trade war in April), that's going to be very destabilizing." Agencies


Al Etihad
a day ago
- Al Etihad
EU waits on Trump letter as markets digest latest tariff salvo
11 July 2025 21:37 BRUSSELS (Reuters)The European Union braced on Friday for a possible letter from US President Donald Trump outlining planned duties on the United States' largest trade and investment partner after a broadening of his tariff war in recent EU initially hoped to strike a comprehensive trade agreement, including zero-for-zero tariffs on industrial goods, but months of difficult talks have led to the realisation it will probably have to settle for an interim agreement and hope something better can still be 27-country bloc is under conflicting pressures as powerhouse Germany urged a quick deal to safeguard its industry, while other EU members, such as France, have said EU negotiators should not cave into a one-sided deal on US terms. After keeping much of the world guessing his intentions, Trump has outlined new tariffs for US imports of goods from a number of countries, including allies Japan and South Korea, along with a 50% tariff on US imports of copper, and a hike to 35% on Canadian goods. His cascade of tariff orders since returning to the White House has begun generating tens of billions of dollars a month in new revenue for the US due later on Friday may show collections in the federal fiscal year through June have shot past $100 billion, equal to or greater than the largest annual take ever from customs consumers face an effective US tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce estimated this week after Trump's latest announcements. Rates are already around 16%, their highest since the 1930s. Economists expect much of that to be passed along as higher consumer prices for imported goods, although there is only limited evidence of that occurring so far."So at some point, the new tariffs will start to bite, or if companies decide they can't trade under those conditions, shelves will start to look decidedly sparse," ICC Deputy Secretary General Andrew Wilson said. A person with knowledge of the US-EU negotiations said an agreement was close, but that it was hard to predict if the EU might still get a letter announcing more tariffs or when any agreement might be EU diplomat, speaking on condition of anonymity, said the EU was strong when it acted together: "It is important that the pain or gain is distributed equally. We cannot have just one country or sector that takes the win."European shares dipped on Friday as investors awaited word on tariffs for the EU, while US stocks dipped in response to the upsized tariff rate Trump announced for Canada late on Thursday. Gold prices, meanwhile, rose for a third straight session on higher demand for the safe-haven appear increasingly inured to Trump's tariff announcements after having near-panic reactions to the earliest announcements in late winter and early spring. Still, the jacked-up rates Trump unveiled out of the blue this week on US imports from Brazil and then Canada are emblematic of his unpredictable approach to rolling out the levies. The 35% tariff on Canadian goods is an increase from the current 25% rate he had assigned and is a blow to Canadian Prime Minister Mark Carney, who was seeking to agree a trade pact with to Trump, the new rate will take effect on Aug. 1 and could go up further if Canada retaliates."Throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses. We will continue to do so as we work towards the revised deadline of August 1," Carney said in a EU has drawn up countermeasures against Trump's tariffs, but has not imposed them. An initial 21 billion euros ($24.5 billion) of levies on US imports due in April was suspended before taking package, on some 72 billion euros of US imports, could also be applied. "Basically, if a political decision is made to extend the suspension, then we'll extend the suspension," EU spokesperson Olof Gill told reporters. "If we need to unsuspend it, we can do that, you know, at the drop of a hat."CONSTRUCTIVEElsewhere, US Secretary of State Marco Rubio met with Chinese Foreign Minister Wang Yi in Kuala Lumpur on Friday, as the two powers vied to push their agendas in sides described the meeting as constructive. China warned the US this week against reinstating hefty levies on its goods next month and Beijing has also threatened to retaliate against nations that strike deals with the US to cut China out of supply has periodically railed against the EU, saying in February that it was "formed to screw the United States" and asking why Europe exports so many cars but buys so few from the US in biggest grievance is the US merchandise trade deficit with the EU, which in 2024 amounted to $235 billion, according to US Census Bureau data. The EU has repeatedly pointed to the US surplus in services that in part redresses the balance. The potential escalation between the EU and the US is a big deal for financial markets, said Joseph Capurso, head of international economics at the Commonwealth Bank of Australia. "If you get something similar to (the US-China trade war in April), that's going to be very destabilising."