INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines with Jane King.
Ryanair won’t order from Boeing
Irish low-cost airline Ryanair says it won’t order planes from Boeing because the plane maker won’t drop prices enough to get the deal.
Boeing has pushed to catch up with rival Airbus on jet orders from airlines, after falling far behind.
Ryanair has been in talks with Boeing over the past 10 months for a fresh order of 737 MAX 10s, Boeing’s newest and biggest variant of the single-aisle plane.
Company launches space travel insurance
An Ohio company is offering space insurance now that space tourism looks inevitable.
Battleface’s new policy is an offer with benefits available including accidental death and permanent disablement.
Lloyd’s already has an insurance solution for the emerging private spaceflight industry and a space consortium from where they have developed insurance for all aspects and phases of new technological advancements and projects in the space travel sector.
Plan unveiled for $400 billion city in the desert
A billionaire plans to build a $400 billion city in the desert.
Former Walmart executive Marc Lore unveiled plans for Telosa.
It’s a city with eco-friendly architecture, sustainable energy production and a purportedly drought-resistant water system.
He says he’s looking at Nevada, Utah, Idaho, Texas and Appalachia for the city.
El Salvador becomes first country to accept digital currency
El Salvador becomes first country to accept digital currency as legal tender.
Citizens will be able to shop, pay taxes and buy land using the cryptocurrency.
Proponents say it will cut the fees Salvadorans pay to send home remittances, which represent one-quarter of the country’s gross domestic product, and promote financial inclusion for those without bank accounts.
Labor Day sees second-biggest box office weekend since pandemic
Marvel’s “Shang-Chi and the Legend of the Ten Rings” garnered an estimated $71.4 million at the domestic box office this weekend.
This is the second-highest opening for any film released during the pandemic and the highest of any film released over Labor Day weekend.
Ticket sales were so good that Sony has moved up the release for “Venom: Let There Be Carnage,” by two weeks to Oct. 1.