Boeing has warned of layoffs in its Space Launch System moon rocket program, saying it expects to have about 400 fewer positions in line with revisions to NASA's Artemis program and cost expectations.
The Seattle-based aerospace manufacturer said it will issue 60-day notices of involuntary layoffs to the affected employees in the coming weeks.
"We are working with our customer and seeking opportunities to redeploy employees across our company to minimize job losses," a Boeing spokesperson said via email.
The Artemis program, which is estimated to cost $93 billion (AED 341 trillion) through 2025, was established by the US space agency during the first administration of President Donald Trump. It represents the flagship American effort to return astronauts to the moon for the first time since NASA's Apollo 17 mission.
The program, however, has had significant delays and rising costs.
Artemis 2, previously planned for late 2024 and involving a crewed flight around the moon, is now scheduled for September 2025. Artemis 3, planned as the first astronaut moon landing under the program, is now planned for September 2026, delayed from late 2025.
President Donald Trump reversed course on Tuesday afternoon on a pledge to double tariffs on steel and aluminum from Canada to 50 per cent, just hours after announcing the higher tariffs, in rapid-fire moves that scrambled financial markets. The switch came after a Canadian official also backed off his own plans for a 25 per cent surcharge on electricity.
Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED 2 billion to Arabian Construction Company for the development of the Design Quarter at Dubai Design District (d3).
ADNOC and AIQ, a Presight company, have signed an agreement worth $340 million (AED 1.2 trillion) to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain.
A key economic adviser to US President Donald Trump on Monday pushed back on talk of recession stemming from uncertainty around his administration's tariff policies, as American consumer's fears grow and US stocks plunged.
The UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Tom Fletcher, said the organisation is working on improving anticipatory action ahead of crises by fostering partnerships across the world, including with the UAE.
Special vehicle plate numbers and mobile numbers are set to be auctioned off to support the Fathers' Endowment campaign, which honour fathers by establishing an endowment fund for healthcare and treatment for those in need.