Deadly Boeing 737-800 Crash Spurs South Korea’s Urgent Aviation Safety Overhaul

Deadly Boeing 737-800 Crash Spurs South Korea’s Urgent Aviation Safety Overhaul

Following Sunday’s disaster claiming 179 lives, South Korea declared its intentions to examine every Boeing 737-800 aircraft flown by local airlines. It marked the greatest aviation disaster the nation has experienced in decades. Consequently, Monday’s premarket trade for Boeing (NYSE:BA) shares dropped 5%. Jeju Air operated a Boeing 737-800 that crashed. According to preliminary accounts,…

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ASML CEO Claims China’s Semiconductor Industry is 10 to 15 Years Behind

ASML CEO Claims China’s Semiconductor Industry is 10 to 15 Years Behind

Chinese tech firms entered a brave new world in 2020 as the US began restricting access to advanced semiconductor technologies. Those limitations have only been strengthened in recent years, forcing local manufactures like SMIC to get creative. Despite some concern that China would quickly work around the restrictions, the head of toolmaker ASML says China’s…

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Russia’s first ice-class LNG carrier begins sea trials

Russia’s first ice-class LNG carrier begins sea trials

Russia’s first ice-class LNG carrier has begun sea trials, advancing its efforts to expand in the global LNG market despite US sanctions, reported Reuters. The Alexey Kosygin tanker, named after a Soviet statesman, was built at the Zvezda shipyard and will join Russia’s Arctic LNG 2 fleet, which has been delayed due to US sanctions…

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Germany calls for new sanctions on Russia’s dark fleet that is ‘damaging major undersea cables’ nearly every month

Germany calls for new sanctions on Russia’s dark fleet that is ‘damaging major undersea cables’ nearly every month

Germany’s foreign minister urged new European Union sanctions on Russia’s dark fleet. As part of a probe into a cut cable, Finland said last week it detained a ship that may be from the dark fleet. The case is being investigated as “aggravated criminal mischief,” Finnish police said. Germany’s foreign minister has called for further…

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Officials seek arrest warrant for South Korea’s impeached Yoon

Officials seek arrest warrant for South Korea’s impeached Yoon

South Korean officials have requested an arrest warrant for suspended president Yoon Suk Yeol, the Yonhap news agency reported on Monday. The Corruption Investigation Office is investigating Yoon for unexpectedly imposing martial law on December 3. The office said that Yoon had ignored three summonses to appear for questioning, Yonhap reported. Yoon’s botched attempt to…

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Jeju Air stock hits a record low after plane crash

Jeju Air stock hits a record low after plane crash

A Jeju Air plane traveling from Bangkok’s Suvarnabhumi International Airport crashed at South Korea’s Muan International Airport on Sunday.Benard /Andia/Universal Images Group/Getty Images Jeju Air shares hit record low after a deadly plane crash in South Korea. The crash occurred amid political turmoil with three presidents in a month in South Korea. Political uncertainty has…

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