737 max 9 on friday. in a statement, boeing says it s committed to the highest safety standards and is staying in close contact with the airlines. here s erin delmore with the latest. after a panel blew off a jet operated by alaska airlines mid flight on friday, the faa grounded more than 170 other max 9s. upon inspection, united airlines found problems with more doors, loose bolts on at least five panels in otherjets in that model. the news was reported by the industry publication air current. united said in a statement that the company found incidences that appeared to relate to installation issues in the door plug. for example, bolts that needed additional tightening. that was on saturday when preliminary investigations began. the company also said that, these findings will be remedied by our tech ops team to safely return the aircraft to service. boeing shares fell 8% on monday and the incident returned scrutiny to the company after the 2019 grounding of 737 max jets.
first quarter. its revenues though, fell around 5% as the industry faces up to a supply glut. tsmc remains asia s most valuable listed company, despite a fall in its share price by over quarter last year. the company is under pressure as some western economies seek to diversify their semi conductor supply chains. let s cross live now to malcolm penn, a global semi conductor industry analyst and ceo of future horizons. thank you for being with us. talk to me, first of all, but these figures. not as great as expected, but given what is happening in the industry, a good performance? the what is happening in the industry, a good performance? good performance? the industry is notoriously good performance? the industry is notoriously cyclical, good performance? the industry is notoriously cyclical, it good performance? the industry is notoriously cyclical, it does - good performance? the industry is notoriously cyclical, it does go - notoriously cyclical, it does go through
Isjust not falling £300 billion in one single year. It is just not falling quite as fast as everyone had hoped, really. A lot of thatis everyone had hoped, really. A lot of that is due to the governments high interest Debt Payments which is not going to go away. I think in general this kind of dampens a bit of the chatter we have heard over the weekend about the chancellor hoping to cut taxes again in a fiscal event before the next election. That to cut taxes again in a fiscal event before the next election. Before the next election. That is the challenge before the next election. That is the challenge because before the next election. That is the challenge because the the challenge because the government, there was a they are raising taxes to fix Public Services or give the electorate some kind of gift before an election and that is when politics strays into economics and its not necessarily about what is better for the economy but what might win them some votes. Thats ri. Ht and mig
Brzeski, global head of macro for ing research. Good to see you. Germany is in favour. Italy is saying it is too hard. Your thoughts . fix, too hard. Your thoughts . Complicated story once again. This is the third or fourth reform of european fiscal rules since the start of the monetary union. What they aim to do is make the rules a bit more flexible to give the more economic sense but in the past we saw the rules were simple but it did not leave enough room for investment in the future. If there was a problem, look back at the euro crisis, applying these rules really meant painful reforms, painful measures and they should not make peoples a bit more flexible and a bit more economic sensible. What can a country s economic sensible. What can a country s Debt Economic sensible. What can a Country S Debt be economic sensible. What can a Country S Debt be at economic sensible. What can a Country S Debt be at according i country s debt be at according to these rules . It seems to be the t