Irked by hundreds of false bomb threats to the country's airlines, the Indian government has warned social media companies of "consequential action" over the chaos and terror caused by the hoax alarms which it says is a threat to national security. Facing a large number of hoax bomb threats, the country has witnessed planes being diverted to Canada and Germany, and fighter jets scrambled to escort aircraft in the skies above Britain and Singapore.At least 275 bomb threats were made since mid-October, all reported to have been false, according to the Press Trust of India (PTI) news agency. Other Indian media suggest it could be as high as nearly 400. The government called the spread of the threats "dangerously unrestrained". It warned social media platforms of consequential action as provided under any law if they do not comply with the "prompt removal of misinformation". "The instances of malicious acts, in the form of hoax bomb threats to such airlines, lead to a potential threat to the public order and security of the state," said New Delhi in a statement on Saturday. "Such hoax bomb threats, while affecting a large number of citizens, also destabilise the economic security of the country," added the statement. "The exemption from liability for any third party information [...] shall not apply if such intermediaries do not follow the due diligence obligations," it added.<br/>
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Boeing is set to launch as early as Monday its plan to raise more than $15b in capital, a source briefed on the matter told Reuters. Reuters first reported on Oct. 16 that the planemaker was closing in on a plan to raise around $15b with common shares and a mandatory convertible bond as it sought to bolster finances worsened by a crippling ongoing strike. The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand. Boeing declined to comment on Sunday. Bloomberg News reported the expected timing of Monday's capital raise earlier. Last week, machinists voted nearly two to one to reject Boeing's latest offer seeking to end the strike that has halted 737 MAX production.<br/>The company said earlier this month in regulatory filings that it could raise as much as $25b in stock and debt with its investment-grade credit rating at risk.<br/>
Striking workers' rejection of planemaker Boeing's latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge. If the strike by more than 33,000 U.S. Boeing workers persist another month, the Orange County, California supplier might need to cut its operations from five to three days a week to save money and retain workers, president Andrew Flores said. While Independent laid off a few employees already, letting more go is not an appealing option, he said. The 22 workers who remain are critical for the company, especially when the strike eventually ends and demand for its aluminum aircraft parts rebounds. "They are the backbone of our shop," Flores said this week. "Their knowledge, I can't replace that." Wednesday's vote by 64% of Boeing's West Coast factory workers against the company's latest contract offer, further idling assembly for nearly all of the planemaker's commercial jets, has created a fresh test for suppliers such as Independent, which opened in 1975. Boeing's vast global network of suppliers that produce parts from sprawling modern factories or tiny garage workshops, was already stressed by the company's quality-and-safety crisis, which began in January after a mid-air panel blow-out on a new 737 MAX. Demand for parts has dropped, hitting suppliers after they spent heavily to meet renewed demand for planes in the post-pandemic era. <br/>