The war in Ukraine has caused widespread destruction in the eastern European nation. But the effects of it can be seen around the whole world. &nbsp;

In one such effect, Boeing, a US company, is also highly likely to lose orders of about 90 jets. This may occur due to "geopolitical issues", which are related to the war, a CNN report said citing the company on Tuesday. &nbsp;

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Although the orders have not been cancelled yet, it has put them in accounting limbo, which means that there are many questions over the completion of these orders. &nbsp;

Around 141 jets were added to the list in March, the company also disclosed as per a Reuters report. &nbsp;

The Russia's invasion of Ukraine and the following economic sanctions have affected the orders of more than 90 jets of 737 Max. &nbsp;

Watch:&nbsp;New York sees 2nd attack on Sikhs in two weeks

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In the last two years, the number of orders in the accounting limbo has been rising. &nbsp;&nbsp;

In total, around 950 commercial jet orders seem to have been put in this ‘uncertain status’ list. &nbsp;&nbsp;

The sanctions have also played a major role in this development as the company is not doing any business with the Russian firms and vice versa. &nbsp;

(With inputs from agencies)&nbsp;

The war in Ukraine has caused widespread destruction in the eastern European nation. But the effects of it can be seen around the whole world. In one such effect, Boeing, a US company, is also highly likely to lose orders of about 90 jets.

The war in Ukraine has caused widespread destruction in the eastern European nation. But the effects of it can be seen around the whole world. In one such effect, Boeing, a US company, is also highly likely to lose orders of about 90 jets. This may occur due to "geopolitical issues", which are related to the war, a CNN report said citing the company on Tuesday. Also Read | Japan's Mako: Once a princess, now an unpaid volunteer at NYC museum in US Although the orders have not been cancelled yet, it has put them in accounting limbo, which means that there are many questions over the completion of these orders. Around 141 jets were added to the list in March, the company also disclosed as per a Reuters report. The Russia's invasion of Ukraine and the following economic sanctions have affected the orders of more than 90 jets of 737 Max. Watch: New York sees 2nd attack on Sikhs in two weeks × In the last two years, the number of orders in the accounting limbo has been rising. In total, around 950 commercial jet orders seem to have been put in this ‘uncertain status’ list. The sanctions have also played a major role in this development as the company is not doing any business with the Russian firms and vice versa. (With inputs from agencies)

Russia's Ukraine invasion costs US company Boeing over 90 jet orders  

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US firm repurposing breathlyzer for COVID-19 testing

Global tech giant Apple has become the first US company to reach 2 trillion dollars in terms of market capitalization, making it the most valuable company in the world.

Apple's valuation now 10% of US GDP

American company Rocket Lab's commercial rocket that was carrying four satellites and took off from New Zealand launch pad has been "lost". The founder and chief executive of the company, Peter Beck took to Twitter to confirm the news.

American company Rocket Lab's commercial rocket that was carrying four satellites and took off from New Zealand launch pad has been "lost". The founder and chief executive of the company, Peter Beck took to Twitter to confirm the news. "We lost the flight late into the mission," he tweeted. "I am incredibly sorry that we failed to deliver our customers' satellites today. Rest assured we will find the issue, correct it and be back on the pad soon." A brief statement about today's mission from our founder and CEO, Peter Beck. pic.twitter.com/QUShtzp7J0 — Rocket Lab (@RocketLab) July 5, 2020 × Despite locating its headquarters in New Zealand, Rocket Lab lists itself as an American company and specialises in delivering small satellites to Earth's lower orbit. Its backers include US companies Khosla Ventures, Bessemer Venture Partners, Lockheed Martin, Promus Ventures and Data Collective. According to a statement by the Rocket Lab's website, the rocket faced an 'anomaly' four minutes into the flight and was working with the Federal Aviation Administration in the United States to identify the cause. The rocket was carrying satellites for companies Spaceflight, Canon Electronics, Planet and In-Space Missions, Beck said. "Today's anomaly is a reminder that space launch can be unforgiving, but we will identify the issue, rectify it, and be safely back on the pad as soon as possible." (Inputs from AFP)

Rocket carrying four satellites 'lost' after being launched from New Zealand

Google's parent company Apple has become the 4th U.S. company to hit the trillion-dollar market cap. But despite America's tech prowess - a company in Saudi Arabia is the world's most valued company. WION's Palki Sharma has the story.

Gravitas: Google's parent company enters Trillion Dollar Club

Apple is on the verge of becoming the first $1 trillion publicly listed US&nbsp;company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.

Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker's annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New Zealand.

Apple's market capitalisation on Thursday topped a record $934 billion, following its unveiling last week of a $100 billion buyback budget and news that Warren Buffett's Berkshire Hathaway dramatically increased its stake in the company.

Thanks to a 12 percent rally since its quarterly report last Tuesday, the Cupertino, California company is just 8 percent short of hitting the $1 trillion valuation mark.

Pointing to Apple's recent 31 percent jump in service revenue, including music streaming and online storage, CFRA analyst Angelo Zino on Wednesday upped his target price for the stock from $195 to $210, which would put Apple's market capitalisation at $1.03 trillion. Zino joins at least 12 other analysts with price targets putting Apple's stock market value at 13 digits.

But Apple is in danger of being beaten to the $1 trillion mark - or passed soon after - by Amazon.com, the second largest listed U.S. company by market value, at $780 billion.

While $148 billion smaller than Apple on Friday, Amazon of late has expanded its stock price, and its sales, much more quickly than Apple. Amazon's stock is red hot, trading recently at over 100 times expected earnings, compared to more-profitable - but slower growing - Apple's valuation of 15 times earnings.

Apple's stock has risen 24 percent over the past year, fueled by optimism about the iPhone X, the company's latest smartphone. But demand for the $1,000 device has underwhelmed investors, and bulls are now focused on Apple's plan to return more cash to shareholders.

By comparison, Amazon's stock has surged 70 percent over the past 12 months, bolstered by 31 percent revenue growth as more shopping moves online and businesses shift their IT departments to the cloud, where Amazon Web Services leads the market.

Amazon is also competing more with Apple and Google owner Alphabet as it sells music and video content, its Fire TV device and&nbsp;Alexa smart home gadget.

Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker's annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New Zealand.

Apple is on the verge of becoming the first $1 trillion publicly listed US company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker's annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New Zealand. Apple's market capitalisation on Thursday topped a record $934 billion, following its unveiling last week of a $100 billion buyback budget and news that Warren Buffett's Berkshire Hathaway dramatically increased its stake in the company. Thanks to a 12 percent rally since its quarterly report last Tuesday, the Cupertino, California company is just 8 percent short of hitting the $1 trillion valuation mark. Pointing to Apple's recent 31 percent jump in service revenue, including music streaming and online storage, CFRA analyst Angelo Zino on Wednesday upped his target price for the stock from $195 to $210, which would put Apple's market capitalisation at $1.03 trillion. Zino joins at least 12 other analysts with price targets putting Apple's stock market value at 13 digits. But Apple is in danger of being beaten to the $1 trillion mark - or passed soon after - by Amazon.com, the second largest listed U.S. company by market value, at $780 billion. While $148 billion smaller than Apple on Friday, Amazon of late has expanded its stock price, and its sales, much more quickly than Apple. Amazon's stock is red hot, trading recently at over 100 times expected earnings, compared to more-profitable - but slower growing - Apple's valuation of 15 times earnings. Apple's stock has risen 24 percent over the past year, fueled by optimism about the iPhone X, the company's latest smartphone. But demand for the $1,000 device has underwhelmed investors, and bulls are now focused on Apple's plan to return more cash to shareholders. By comparison, Amazon's stock has surged 70 percent over the past 12 months, bolstered by 31 percent revenue growth as more shopping moves online and businesses shift their IT departments to the cloud, where Amazon Web Services leads the market. Amazon is also competing more with Apple and Google owner Alphabet as it sells music and video content, its Fire TV device and Alexa smart home gadget.

Apple is almost a $1 trillion company, but watch out for Amazon

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