Federal Aviation Administration will meet company weekly and tells it to transform its safety culture

Boeing faces continued limits on the number of planes it manufactures as well as increased safety inspections after the US aviation regulator called on it to transform its safety culture.

The Federal Aviation Administration (FAA) held a three-hour meeting on Thursday with senior Boeing executives, who outlined the US aircraft maker’s plan to resolve problems with safety and quality control.

FTSE 100 firm DS Smith, which works with firms over alternatives, urges next government to match global standards

Whoever wins the UK general election must tighten regulations to reduce the use of plastic packaging, match global standards and drive “green consumption”, the boss of one of the sector’s biggest manufacturers has urged.

Miles Roberts, the chief executive of the packaging firm DS Smith, made the call to the next government as the company celebrated passing its target to replace more than 1bn pieces of plastic 16 months early.

A state industrial strategy is needed to reduce carbon output, produce cleaner growth and redistribute jobs around the UK

Theresa May and Boris Johnson both argued for levelling up and for a state-supported green transition undergirded by an industrial strategy. Neither delivered and their successor, Rishi Sunak, has repudiated their legacy as prime minister. He looks to the City to deliver growth, with banks determining the rate of investment to meet the challenge of the climate emergency. This is a recipe for failure. The Climate Change Committee (CCC), the government’s independent advisers on cutting carbon emissions, warned last year of “worryingly slow” progress to meet net zero targets. The government is not engaging on what it will take to decarbonise.

Weaning the country off fossil fuels and on to green energy is a complex transition that should be a job for the state, not the free market. Yet Britain is bottom of the league for state spending on renewables in the Organisation for Economic Co-operation and Development. In the offshore industry alone 30,000 workers could end up with nowhere to go by 2030 without new roles in green industries. Relying on big finance to meet that gap will entrench today’s failing model, which emphasises the need to attract significant capital flows through deregulation and privatisation, strengthening the hand of boom-and-bust financial services and weakening labour rights. The flipside is a bigger trade deficit and a destructive politics of redistribution to asset holders and to London.

It is taking fast fashion to ever faster and ever cheaper extremes, and making billions from it. Why is the whole world shopping at Shein? By Nicole Lipman