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161-401: The Boeing Company , or simply Boeing ( / ˈ b oʊ ɪ ŋ / ), is an American multinational corporation that designs, manufactures, and sells airplanes , rotorcraft , rockets , satellites , and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers ; it is the fourth-largest defense contractor in

322-483: A corporate citizenship program centered on charitable contributions in five areas: education, health, human services , environment , the arts , culture, and civic engagement . In February 2012, Boeing Global Corporate Citizenship partnered with the Insight Labs to develop a new model for foundations to more effectively lead the sectors they serve. The company is a member of the U.S. Global Leadership Coalition ,

483-544: A temperate oceanic climate ( Cfb ) like the rest of the United Kingdom. The uplands of the Pennines to the west can create a cool, gloomy and wet environment, but they also provide shelter from the prevailing westerly winds, casting a " rain shadow " across the area. Between 1971 and 2000 Sheffield averaged 824.7 mm (32.47 in) of rain per year; December was the wettest month with 91.9 mm (3.62 in) and July

644-665: A 2% decline from the 1991 census. The city is part of the wider Sheffield urban area , which had a population of 640,720. In 2011 the racial composition of Sheffield's population was 84% White (81% White British , 0.5% White Irish , 0.1% Romani or Irish Traveller , 2.3% Other White ), 2.4% of mixed race (1.0% White and Black Caribbean, 0.2% White and Black African, 0.6% White and Asian, 0.6% Other Mixed), 8% Asian (1.1% Indian , 4% Pakistani , 0.6% Bangladeshi , 1.3% Chinese , 1.0% Other Asian), 3.6% Black (2.1% African, 1% Caribbean , 0.5% Other Black ), 1.5% Arab and 0.7% of other ethnic heritage. In terms of religion, 53% of

805-566: A 2008 report showed that the climate of Sheffield is warming faster than it has at any time during this period, with 1990 and 2006 being the hottest years on record. In collaboration with the Stockholm Environment Institute , Sheffield developed a carbon footprint (based on 2004–05 consumption figures) of 5,798,361  tonnes per year. This compares to the UK's total carbon footprint of 698,568,010 tonnes per year. The factors with

966-480: A Labour MP for the first time in its history. Sheffield is located at 53°22′59″N 1°27′57″W  /  53.38297°N 1.4659°W  / 53.38297; -1.4659 . It lies directly beside Rotherham , from which it is separated largely by the M1 motorway . Although Barnsley Metropolitan Borough also borders Sheffield to the north, the town itself is a few miles further away. The southern and western borders of

1127-460: A Washington D.C.–based coalition of more than 400 major companies and NGOs that advocate a larger International Affairs Budget, which funds American diplomatic and development efforts abroad. A series of U.S. diplomatic cables show how U.S. diplomats and senior politicians intervene on behalf of Boeing to help boost the company's sales. In 2007 and 2008, the company benefited from over US$ 10 billion of long-term loan guarantees, helping finance

1288-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

1449-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1610-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1771-458: A huge expansion of its traditional cutlery trade, when processes for high-quality stainless steel and crucible steel were invented based on previous discoveries elsewhere. This fuelled an almost tenfold increase in the population. Sheffield received its municipal charter in 1843, becoming the City of Sheffield in 1893. International competition in iron and steel caused a decline in these industries in

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1932-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

2093-463: A move to online shopping, which had increased because of the COVID-19 pandemic . John Lewis received £3 million of public funding from Sheffield City Council in 2020 to keep the local store open. The local Debenhams branches are expected to re-open after the lifting of the 2021 COVID-19 lockdown restrictions, but only to clear existing stock, after which it is expected the stores will close. With

2254-665: A potential downgrade to junk status . On November 1, 2024, the IAM endorsed an improved contract offer which would see a 38% pay rise over four years, a $ 12,000 ratification bonus, and the reinstatement of an annual bonus scheme. On November 5, 2024, Boeing workers accepted the pay deal, ending a seven-week-long walk out. The company's three divisions are: Commercial Airplanes; Defense, Space & Security; and Global Services. In 2018 and 2019 , two Boeing 737 MAX narrow-body passenger airplanes crashed, leaving 346 people dead and no survivors. In response, aviation regulators and airlines around

2415-505: A profit of US$ 9.7 billion, laying off 14,862 workers since 2008, and increasing executive pay by 31% to US$ 41.9 million in 2010 for its top five executives. Boeing has been accused of unethical practices (in violation of the Procurement Integrity Act ) while attempting to submit a revised bid to NASA for their lunar landing project. The firm has been criticized for supplying and profiting from wars , including

2576-542: A public space to link these two areas, the Millennium Square , was opened in May 2006. Additional developments included the remodelling of Sheaf Square , in front of the refurbished railway station: the square contains "The Cutting Edge", a sculpture designed by Si Applied Ltd and made from Sheffield steel. Recent development known as the 'Heart of the City' includes the restoration of the listed Leah's Yard complex. Sheffield

2737-560: A suburb of Washington, D.C. The company said that this decision was made in part to concentrate on its defense work with "proximity to our customers and stakeholders". After the January 2024 Alaska Airlines Flight 1282 and other incidents, one shareholder proposed relocating the corporate headquarters back to the Seattle area in hopes of getting engineering and quality control teams on-site access to key decision-makers. Boeing's board soundly dismissed

2898-469: Is Labour 36, Liberal Democrats 27, the Green Party 14, Conservative 0 and Independent 7. The city also has a Lord Mayor ; though now simply a ceremonial position, in the past the office carried considerable authority, with executive powers over the finances and affairs of the city council. The position of Lord Mayor is elected on an annual basis. For much of its history the council was controlled by

3059-787: Is historically part of the West Riding of Yorkshire and some of its southern suburbs were transferred from Derbyshire to the city council. It is the largest settlement in South Yorkshire. The city is in the eastern foothills of the Pennines and the valleys of the River Don with its four tributaries: the Loxley , the Porter Brook , the Rivelin and the Sheaf . Sixty-one per cent of Sheffield's entire area

3220-593: Is a corruption of shed or sheth , which refers to a divide or separation . The second half of the name Sheffield refers to a field, or forest clearing. Combining the two words, it is believed that the name refers to an Anglo-Saxon settlement in a clearing by the confluence of the River Don and River Sheaf. [REDACTED] Kingdom of England c. 12th century – 1707 [REDACTED] Kingdom of Great Britain 1707–1801 [REDACTED] United Kingdom of Great Britain and Ireland 1801–1922 [REDACTED] United Kingdom 1922–present The area now occupied by

3381-554: Is greater than that of the broader region of Yorkshire and the Humber. Sheffield had a population of 556,500 at the 2021 census, making it the second-largest city in the Yorkshire and the Humber region. The Sheffield Built-up Area , of which the Sheffield sub-division is the largest part, had a population of 685,369 also including the town of Rotherham . The district borough , governed from

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3542-569: Is green space and a third of the city lies within the Peak District national park and is the fifth-largest city in England. There are more than 250 parks, woodlands and gardens in the city, which is estimated to contain around 4.5 million trees. Sheffield played a crucial role in the Industrial Revolution , developing many significant technologies. In the 19th century, the city saw

3703-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

3864-651: Is organized into three primary divisions: Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), and Boeing Global Services (BGS). In 2021, Boeing recorded $ 62.3   billion in sales. Boeing is ranked 54th on the Fortune 500 list (2020), and ranked 121st on the Fortune Global 500 list (2020). The Boeing Company started in 1916, when American lumber industrialist William E. Boeing founded Pacific Aero Products Company in Seattle, Washington. Shortly before doing so, he and Conrad Westervelt created

4025-655: Is particularly well known, is from 1297 when a tax return for 'Robert the Cutler' was submitted. A key reason for Sheffield's success in the production of cutlery lies in its geographic makeup. The abundance of streams in the area provided water power and the geological formations in the Hope Valley , in particular, provided sufficient grit stones for grinding wheels. In the 17th century, the Company of Cutlers in Hallamshire , which oversaw

4186-448: Is responsible for about 11% of greenhouse gases emitted by the U.S. transportation sector. Aviation's share of the greenhouse gas emissions was poised to grow, as air travel increases and ground vehicles use more alternative fuels like ethanol and biodiesel . Boeing estimates that biofuels could reduce flight-related greenhouse-gas emissions by 60 to 80%. The solution blends algae fuels with existing jet fuel . Boeing executives said

4347-536: Is sustainable only as long as orders are good and delivery rates are increasing. From 2013 to 2019, Boeing spent over $ 60 billion on dividends and stock buybacks , twice as much as the development costs of the 787. In 2020, Boeing's second quarter revenue was $ 11.8 billion as a result of the pandemic slump. Due to higher sales in other divisions and an influx in deliveries of commercial jetliners in 2021, second quarter revenue increased by 44%, reaching nearly $ 17 billion. Revenues decreased 15 percent to $ 16.9 billion in

4508-528: Is the sole remaining independent steel works in the world and dominates the north-east of Sheffield around the Lower Don Valley . The firm has a global reputation for producing the largest and most complex steel forgings and castings and is certified to produce critical nuclear components, with recent projects including the Royal Navy 's Astute -class submarines. The firm also has the capacity for pouring

4669-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

4830-435: The "B&W" seaplane . In 1917, the organization was renamed Boeing Airplane Company, with William Boeing forming Boeing Airplane & Transport Corporation in 1928. In 1929, the company was renamed United Aircraft and Transport Corporation , followed by the acquisition of several aircraft makers such as Avion, Chance Vought , Sikorsky Aviation , Stearman Aircraft , Pratt & Whitney , and Hamilton Metalplane. In 1931,

4991-805: The Advanced Manufacturing Park , situated just over the boundary in the borough of Rotherham, by Sheffield's universities and other independent research organisations. Organisations located on the AMP include the Advanced Manufacturing Research Centre (AMRC, a research partnership between the Boeing Company and the University of Sheffield ), Castings Technology International (CTI), The Welding Institute (TWI), Rolls-Royce plc and McLaren Automotive . Forgemasters , founded in 1805,

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5152-930: The British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

5313-651: The City Lofts Tower and accompanying St Paul's Place , Velocity Living and the Moor redevelopment, the forthcoming NRQ and the Winter Gardens , Peace Gardens , Millennium Galleries and many projects completed under the Sheffield One redevelopment agency. The Sheffield economy grew from £5.6 billion in 1997 (1997 GVA ) to £9.2 billion in 2007 (2007 GVA). The "UK Cities Monitor 2008" placed Sheffield among

5474-647: The House of Wessex . After the Norman conquest of England , Sheffield Castle was built to protect the local settlements, and a small town developed that is the nucleus of the modern city. By 1296, a market had been established at what is now known as Castle Square , and Sheffield subsequently grew into a small market town . In the 14th century, Sheffield was already noted for the production of knives , as mentioned in Geoffrey Chaucer 's The Canterbury Tales , and by

5635-847: The Israel-Gaza war (2023-present) , demonstrations sought to block shipments of weapons for the Israel Defense Forces at Boeing facilities in St. Charles, Missouri , Tukwila, Washington , and Gresham, Oregon . Students at Florida State University , University of Washington , Saint Louis University , University of Missouri–St. Louis , and Washington University in St. Louis called for their institutions to break partnerships with Boeing. Research estimates that Boeing has made between $ 50 billion to $ 100 billion in revenue from sales to Israel. In 2024, students on hunger strike at Brown University named Boeing among

5796-560: The Park Hill flats . Large parts of the city centre were also cleared to make way for a new system of roads. In February 1962, the city was devastated by the Great Sheffield Gale ; winds of up to 97 mph (156 km/h) killed four people and damaged 150,000 houses, more than two-thirds of the city's housing stock at the time. Increased automation and competition from abroad resulted in the closure of many steel mills . The 1980s saw

5957-517: The Royal Navy . While iron and steel have long been the main industries of Sheffield, coal mining has also been a major industry, particularly in the outlying areas, and the Palace of Westminster in London was built using limestone from quarries in the nearby village of Anston . Sheffield has a large public sector workforce, numbering 77,500 workers. During the period 1995–2008 (a period of growth for

6118-801: The Sheffield Arena , Don Valley Stadium and the Ponds Forge complex. Sheffield is changing rapidly as new projects regenerate some of the more run-down parts of the city. One such, the Heart of the City Project , has initiated a number of public works in the city centre: the Peace Gardens were renovated in 1998, the Millennium Galleries opened in April 2001, the Winter Gardens were opened in May 2003, and

6279-512: The Sheffield Blitz . The city was partially protected by barrage balloons managed from RAF Norton . More than 660 people died and many buildings were destroyed or left badly damaged, including the Marples Hotel, which was hit directly by a 500-pound bomb, killing over 70 people. In the 1950s and 1960s, many of the city's slums were demolished, and replaced with housing schemes such as

6440-562: The Simi Hills of eastern Ventura County in Southern California , had been contaminated by Rocketdyne with toxic and radioactive waste . Boeing agreed to a cleanup agreement with the EPA in 2017. Clean-up studies and lawsuits are in progress. On July 19, 2022, Boeing announced a renewed partnership with Mitsubishi to produce carbon-neutral and sustainable solutions. The airline industry

6601-787: The Wortley Rural District . This area includes a significant part of the countryside surrounding the main urban region. Roughly a third of Sheffield lies in the Peak District National Park . No other English city had parts of a national park within its boundary, until the creation in March 2010 of the South Downs National Park , part of which lies within Brighton and Hove . According to the Köppen classification , Sheffield has

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6762-477: The jatropha plant to see if it is a sustainable alternative to conventional fuel. A two-hour test flight using a 50–50 mixture of the new biofuel with Jet A-1 in a Rolls-Royce RB-211 engine of a 747–400 was completed on December 30, 2008. The engine was then removed to be studied to identify any differences between the Jatropha blend and regular Jet A1. No effects on performances were found. In 2008 and 2009, Boeing

6923-555: The 18th century, and was dubbed " Steel City ". Many innovations in these fields have been made in Sheffield, for example Benjamin Huntsman discovered the crucible technique in the 1740s at his workshop in Handsworth . This process was rendered obsolete in 1856 by Henry Bessemer 's invention of the Bessemer converter . Thomas Boulsover invented Sheffield plate (silver-plated copper) in

7084-641: The 1970s and 1980s, coinciding with the collapse of coal mining in the area. The Yorkshire ridings became counties in their own right in 1889; the West Riding of Yorkshire county was disbanded in 1974. The city then became part of the county of South Yorkshire ; this has been made up of separately governed unitary authorities since 1986. The 21st century has seen extensive redevelopment in Sheffield, consistent with other British cities. Sheffield's gross value added (GVA) has increased by 60% since 1997, standing at £11.3 billion in 2015. The economy has experienced steady growth, averaging around 5% annually, which

7245-601: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

7406-449: The 52.0 sq mi (134.7 km ) of national park and 4.20 sq mi (10.9 km ) of water this means that 61% of the city is greenspace . Despite this, about 64% of Sheffield householders live further than 300 m (328 yd) from their nearest greenspace, although access is better in less affluent neighbourhoods across the city. Sheffield also has a very wide variety of habitat , comparing favourably with any city in

7567-576: The Boeing 737 MAX 9. The FAA announced on January 12 that it was expanding its scrutiny of Boeing, with a production audit of the 737 MAX 9. On February 6, the National Transportation Safety Board released a preliminary report indicating that four bolts used to secure the panel had been removed, and appeared not to have been replaced, at Boeing’s factory in Renton, Washington . In March 2024,

7728-484: The City of Sheffield is 548 m (1,798 ft) near High Stones and Margery Hill . The city's lowest point is just 29 m (95 ft) above sea level near Blackburn Meadows . However, 79% of the housing in the city is between 100 and 200 m (330 and 660 ft) above sea level and the highest residential street is Redmires Lane at 302 m (991 ft). This variation of altitudes across Sheffield has led to frequent claims, particularly among locals, that

7889-614: The City of Sheffield is believed to have been inhabited since at least the late Upper Paleolithic , about 12,800 years ago. The earliest evidence of human occupation in the Sheffield area was found at Creswell Crags to the east of the city. In the Iron Age the area became the southernmost territory of the Pennine tribe called the Brigantes . It is this tribe who are thought to have constructed several hillforts in and around Sheffield. Following

8050-546: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

8211-599: The Environment Agency to clear local river channels since the 2007 event. In 2014 Sheffield Council's cabinet approved plans to further reduce the possibility of flooding by adopting plans to increase water catchment on tributaries of the River Don. Another flood hit the city in 2019 , resulting in shoppers being contained in Meadowhall Shopping Centre. Between 2014 and 2018, there were disputes between

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8372-557: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

8533-417: The Justice Department opened a criminal investigation into the Alaska Airlines blowout. In March 2024, CEO Dave Calhoun and board chairman Larry Kellner both announced they would be stepping down from their positions. In 2006, the UCLA Center for Environmental Risk Reduction released a study showing that Boeing's Santa Susana Field Laboratory , a site that was a former Rocketdyne test and development site in

8694-466: The Labour Party, and was noted for its leftist sympathies; during the 1980s, when Sheffield City Council was led by David Blunkett , the area gained the epithet the " Socialist Republic of South Yorkshire ". However, the Liberal Democrats controlled the Council between 1999 and 2001 and took control again from 2008 to 2011. The majority of council-owned facilities are operated by independent charitable trusts. Sheffield International Venues runs many of

8855-482: The McDonnell-Douglas civil aircraft business, and some defense patents were to be made available to competitors. In 2020, Quartz reported that after the merger there was a "clash of corporate cultures, where Boeing's engineers and McDonnell Douglas's bean-counters went head-to-head", which the latter won, and that this may have contributed to the events leading up to the 737 MAX crash crisis. Boeing's corporate headquarters moved from Seattle to Chicago in 2001. In 2018,

9016-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

9177-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

9338-401: The Sheffield district of Hallam was the highest ranking area outside London for overall wealth, the proportion of people earning over £60,000 a year standing at almost 12%. A survey by Knight Frank revealed that Sheffield was the fastest-growing city outside London for office and residential space and rents during the second half of 2004. This can be seen in a surge of redevelopments, including

9499-402: The South Yorkshire authorities, as well as Bolsover District , Borough of Chesterfield , Derbyshire Dales , North East Derbyshire and Bassetlaw District . In 2014, the Sheffield City Region Combined authority was formed by the South Yorkshire local authorities with the other councils as non-constituent members and the partnership integrated with the authority structure. In September 2020,

9660-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

9821-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

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9982-420: The United Kingdom: urban, parkland and woodland, agricultural and arable land, moors, meadows and freshwater-based habitats. There are six areas within the city that are designated as sites of special scientific interest . The present city boundaries were set in 1974 (with slight modification in 1994), when the former county borough of Sheffield merged with Stocksbridge Urban District and two parishes from

10143-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

10304-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

10465-558: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

10626-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

10787-407: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

10948-475: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

11109-401: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

11270-595: The aforementioned government departments. Sheffield City Council , which is also a major public sector employer in the city, employs over 8,000 people, spread across four different sections (known as portfolios). Sheffield City Council is also the Local Education Authority (LEA) and as such manages all states schools and their associated staff. As part of its mandate to provide public services, Sheffield City Council maintains contracts with three private contractors— Amey , Veolia and Capita (contract ending in 2020). Together, these contractors provide additional employment in

11431-400: The airplane was malfunctioning, and ultimately plummeted nose-down to the ground at terrifying speed". While the investigations into the crashes of the 737 MAX were proceeding, the Boeing 777X , the company's largest capacity twin jet and the largest ever built, made its maiden flight on January 25, 2020, but also experienced problems. Following an incident during flight testing in 2021,

11592-438: The attempt. In February 2023, Boeing announced plans for laying off approximately 2,000 of its workers from finances and human resources. In May 2023, Boeing acquired autonomous eVTOL air taxi startup Wisk Aero . In June 2024, Boeing agreed to re-acquire Spirit AeroSystems , its longtime supplier of airplane parts, which had been established in 2005 when Boeing spun-off its Wichita division to an investment firm. The deal

11753-452: The authority changed to its current name. The city returns five members of parliament to the House of Commons , with a sixth, the Member of Parliament for Penistone and Stocksbridge representing parts of Sheffield and Barnsley. The former Deputy Prime Minister Nick Clegg was an MP for Sheffield, representing Sheffield Hallam from 2005 until he was unseated 2017 , when the seat returned

11914-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

12075-400: The booming cutlery industry in the area and remains to this day, was established and focused on markets outside the Sheffield area, leading to the gradual establishment of Sheffield as a respected producer of cutlery. this gradually developed from a national reputation into an international one. Playing a crucial role in the Industrial Revolution , the city became an industrial powerhouse in

12236-744: The city and many others in the UK), the number of jobs in the city increased by 22% and 50% of these were in the public sector. Major public sector employers include the National Health Service , The University of Sheffield, Sheffield Hallam University , and numerous government departments and agencies including the Home Office (Visas & Immigration), Department for Education & Department for Business, Innovation & Skills . Recently developed offices in St Paul's Place and Riverside Exchange play host to

12397-415: The city are shared with Derbyshire ; in the first half of the 20th century Sheffield extended its borders south into Derbyshire, annexing a number of villages, including Totley , Dore and the area now known as Mosborough Townships. Sheffield is a geographically diverse city. It nestles in the eastern foothills of the Pennines , between the main upland range and Peak District National Park to

12558-409: The city as the cutlery and steel industries flourished. The population continued to grow until the mid-20th century, at which point, due to industrial decline, the population began to contract. However, by the early 21st century, the population had begun to grow once again. The population of Sheffield peaked in 1951 at 577,050, and has since declined steadily. However, the mid-2007 population estimate

12719-459: The city council and residents over the fate of the city's 36,000 highway trees. Around 4,000 highway trees have since been felled as part of the 'Streets Ahead' Private Finance Initiative (PFI) contract signed in 2012 by the city council, Amey plc and the Department for Transport to maintain the city streets. The tree fellings have resulted in many arrests of residents and other protesters across

12880-543: The city even though most felled trees in the city have been replanted, including those historically felled and not previously replanted. The protests eventually stopped in 2018 after the council paused the tree felling programme as part of a new approach developed by the council for the maintenance of street trees in the city. In May 2022, Sheffield was named a " Tree City of the World " in recognition of its work to sustainably manage and maintain urban forests and trees. This honour

13041-751: The city was built on Seven Hills. As this claim is disputed, it likely originated as a joke referencing the Seven Hills of Rome . Estimated to contain around 4.5 million trees, Sheffield has more trees per person than any other city in Europe and is considered to be one of the greenest cities in England and the UK, which was further reinforced when it won the 2005 Entente Florale competition. With more than 250 parks, woodlands and gardens, it has over 170 woodlands (covering 10.91 sq mi or 28.3 km ), 78 public parks (covering 7.07 sq mi or 18.3 km ) and 10 public gardens. Added to

13202-547: The city's sporting and leisure facilities, including Sheffield Arena and the English Institute of Sport, Sheffield . Museums Sheffield and the Sheffield Industrial Museums Trust take care of galleries and museums owned by the council. The city of Sheffield is part of the wider South Yorkshire Mayoral Combined Authority , headed by mayor Oliver Coppard since 2022. The combined authority covers

13363-492: The city, had a population of 566,242 at the mid-2019 estimate, making it the 7th -most-populous district in England. It is one of eleven British cities that make up the Core Cities Group . In 2011, the unparished area had a population of 490,070. The city has a long sporting heritage and is home both to the world's oldest football club, Sheffield F.C. , and the world's oldest football ground, Sandygate . Matches between

13524-470: The city. Sheffield is a major retail centre, and is home to many high street and department stores as well as designer boutiques. The main shopping areas in the city centre are on The Moor precinct, Fargate , Orchard Square and the Devonshire Quarter . Department stores in the city centre include Marks and Spencer and Atkinsons . Sheffield's main market was once Castle Market , built above

13685-412: The city; instead it is divided into 28 electoral wards , with each ward generally covering 4–6 areas. These electoral wards are grouped into six parliamentary constituencies . Sheffield is largely unparished , but Bradfield and Ecclesfield have parish councils, and Stocksbridge has a town council. The United Kingdom Census 2001 reported a resident population for Sheffield of 513,234,

13846-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

14007-650: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

14168-399: The company opened its first factory in Europe at Sheffield , UK, reinforced by a research partnership with the University of Sheffield . In May 2020, the company cut over 12,000 jobs due to the drop in air travel during the COVID-19 pandemic with plans for a total 10% cut of its workforce or approximately 16,000 positions. In July 2020, Boeing reported a loss of $ 2.4 billion as a result of

14329-551: The company was collaborating with Brazilian biofuels maker Tecbio , Aquaflow Bionomic of New Zealand, and other fuel developers around the world. As of 2007, Boeing had tested six fuels from these companies, and expected to test 20 fuels "by the time we're done evaluating them". Boeing also joined other aviation-related members in the Algal Biomass Organization (ABO) in June 2008. Air New Zealand and Boeing are researching

14490-417: The company's hiding of information from the safety regulators: a criminal monetary penalty of $ 243.6 million, $ 1.77 billion of damages to airline customers, and a $ 500 million crash-victim beneficiaries fund. In September 2022, Boeing was ordered to pay a further $ 200 million over charges of misleading investors about safety issues related to these crashes. In March 2023, Boeing disputed in court filings that

14651-405: The company. The average salary at Boeing was $ 76,784 in 2011, as reported by former employees. In 2022, Rory Kennedy made a documentary film, Downfall: The Case Against Boeing , streamed by Netflix . She said about the 21st-century history of Boeing "There were many decades when Boeing did extraordinary things by focusing on excellence and safety and ingenuity. Those three virtues were seen as

14812-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

14973-496: The crashes through a disintegration of workplace morale . In June 2020, the Federal Aviation Administration found several 737 MAX defects that Boeing deferred to fix, in violation of regulations . In September 2020, the U.S. House of Representatives concluded its own investigation and cited numerous instances where Boeing dismissed employee concerns with a 737 MAX flight stabilizing feature ( MCAS ) that caused

15134-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

15295-660: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Sheffield Sheffield is a city in South Yorkshire , England, situated 29 miles (47 km) south of Leeds and 32 miles (51 km) east of Manchester . Its name derives from the River Sheaf which runs through it. The city serves as the administrative centre of the City of Sheffield . It

15456-525: The decline in high street shopping around the UK, efforts have been made to rejuvenate Sheffield City Centre and improve the retail and leisure offering. Major developments include Leopold Square , The Moor , St Paul's Place (a mixed use development) and the Heart of the City I & II projects. In March 2022 Sheffield City Council announced that a new leisure hub would be constructed at the southern end of Fargate. The £300,000 hub will feature cafes, shops and large-screen TVs for sports events. The development

15617-603: The departure of the Romans, the Sheffield area may have been the southern part of the Brittonic kingdom of Elmet , with the rivers Sheaf and Don forming part of the boundary between this kingdom and the kingdom of Mercia . Gradually, Anglian settlers pushed west from the kingdom of Deira . A Britonnic presence within the Sheffield area is evidenced by two settlements called Wales and Waleswood close to Sheffield. The settlements that grew and merged to form Sheffield, however, date from

15778-424: The designation. A subsidiary aim of the green belt is to encourage recreation and leisure interests, with many rural landscape features and facilities included. Sheffield is made up of many suburbs and neighbourhoods, many of which developed from villages or hamlets that were absorbed into Sheffield as the city grew. These historical areas are largely ignored by the modern administrative and political divisions of

15939-481: The driest with 51.0 mm (2.01 in). July was also the hottest month, with an average maximum temperature of 20.8 °C (69.4 °F). The highest temperature ever recorded in the city of Sheffield was 39.4 °C (102.9 °F), on 19 July 2022. The average minimum temperature in January and February was 1.6 °C (34.9 °F), though the lowest temperatures recorded in these months can be between −10 and −15 °C (14 and 5 °F), although since 1960,

16100-489: The early 1600s it had become the main centre of cutlery manufacture in England outside London, overseen by the Company of Cutlers in Hallamshire . From 1570 to 1584, Mary, Queen of Scots , was imprisoned in Sheffield Castle and Sheffield Manor . During the 1740s, a form of the crucible steel process was discovered that allowed the manufacture of a better quality of steel than had previously been possible. In about

16261-407: The early 18th century. Stainless steel was invented by Harry Brearley in 1912, bringing affordable cutlery to the masses. The work of F. B. Pickering and T. Gladman throughout the 1960s, 1970s and 1980s was fundamental to the development of modern high-strength low-alloy steels. Further innovations continue, with new advanced manufacturing technologies and techniques being developed on

16422-413: The estimated first delivery of the aircraft was delayed until 2024. After further technical problems were discovered in the aircraft in 2022, the release was delayed again until 2025, six years after the original date. On January 5, 2024, on Alaska Airlines Flight 1282 , a door plug blowout occurred on a 737 MAX 9 jetliner after the plane had reached just over 16,000 feet, leaving a door-sized hole in

16583-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

16744-437: The first time since 2008. On October 12, 2024, the company announced plans to cut 17,000 jobs, about 10% of its global workforce, "to align with our financial reality". It would also delay the first deliveries of its 777X airliner by a year and recorded $ 5 billion in losses in the third quarter of the year. On October 28, Boeing initiated a significant share sale, valued at nearly $ 19 billion, to address cash-flow issues and avoid

16905-574: The former 1974–1986 South Yorkshire County Council area which functions either went to local or regional authorities. In 2004, as part of the Moving Forward: The Northern Way document, city regions were created in a collaboration with the three northern regional development agencies . These became independent Local enterprise partnerships in 2011. The area's partnership retains the Sheffield City Region name, covering

17066-480: The fuselage and the aircraft made an emergency landing at Portland International Airport successfully with several people onboard injured, although all had subsequently been "medically cleared". The FAA mandated immediate inspections of all 737 MAX 9s fitted with door plugs, thereby grounding 171 aircraft. United Airlines found loose bolts on jets grounded by the FAA, raising questions about possible systemic problems with

17227-513: The greatest impact are housing (34%), transport (25%), consumer (11%), private services (9%), public services (8%), food (8%) and capital investment (5%). Sheffield City Council has signed up to the 10:10 campaign. Sheffield is within a green belt region that extends into the wider surrounding counties, and is in place to reduce urban sprawl , prevent the towns and areas in the Sheffield built-up area conurbation from further convergence, protect

17388-450: The group merged its four smaller airlines into United Airlines . In 1934, aircraft manufacturing was required to be separate from air transportation. Therefore, Boeing Airplane Company became one of three major groups to arise from the dissolution of United Aircraft and Transport; the other two entities were United Aircraft (later United Technologies ) and United Airlines. In 1960, the company bought Vertol Aircraft Corporation , which at

17549-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

17710-454: The highest-ever tax breaks at the state level in 2013. Boeing's spent US$ 16.9 million on lobbying expenditures in 2009. In the 2008 presidential election , Barack Obama "was by far the biggest recipient of campaign contributions from Boeing employees and executives, hauling in US$ 197,000 – five times as much as John McCain , and more than the top eight Republicans combined". Boeing has

17871-418: The identity of outlying communities, encourage brownfield reuse, and preserve nearby countryside. This is achieved by restricting inappropriate development within the designated areas, and imposing stricter conditions on permitted building. The main urban area and larger villages of the borough are exempt from the green belt area, but surrounding smaller villages, hamlets and rural areas are 'washed over' with

18032-566: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

18193-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

18354-544: The key to profit. It could work, and beautifully. And then they were taken over by a group that decided Wall Street was the end-all, be-all." Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were

18515-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

18676-494: The largest single ingot (570 tonnes) in Europe and is currently in the process of expanding its capabilities. In July 2021 Forgemasters was bought outright by the UK Ministry of Defence for £2.56 million, with the intention of investing a further £400 million over the next decade. The decision was based on the important role Forgemasters plays in the construction of the UK nuclear submarine fleet as well other vessels for

18837-530: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

18998-738: The list of corporations to divest from. Five protesters in solidarity with the Palestinian cause were arrested on felony charges after blocking entrances to a Boeing facility in Heath, Ohio . The student union at Washington University in St. Louis passed a resolution calling on the university to divest from Boeing. The key trends of Boeing are (as at the financial year ending December 31): Between 2010 and 2018, Boeing increased its operating cash flow from $ 3 to $ 15.3   billion, sustaining its share price, by negotiating advance payments from customers and delaying payments to its suppliers. This strategy

19159-488: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

19320-531: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

19481-491: The outskirts of the town. The collapse of the dam wall of one of these reservoirs in 1864 resulted in the Great Sheffield Flood , which killed 270 people and devastated large parts of the town. The growing population led to the construction of many back-to-back dwellings that, along with severe pollution from the factories, inspired George Orwell in 1937 to write: "Sheffield, I suppose, could justly claim to be called

19642-546: The pandemic and the Boeing 737 MAX groundings , and that it was in response planning to make more job and production cuts. On August 18, 2020, CEO Dave Calhoun announced further job cuts; on October 28, 2020, nearly 30,000 employees were laid off, as the airplane manufacturer was increasingly losing money due to the COVID-19 pandemic. In May 2022, Boeing announced plans to move its global headquarters from Chicago to Arlington, Virginia ,

19803-474: The population are Christian, 6% are Muslim, 0.6% are Hindu, 0.4% are Buddhist, 0.2% are Sikh, 0.1% are Jewish, 0.4% belong to another religion, 31% have no religion and 7% did not state their religion. The largest quinary group is 20- to 24-year-olds (9%) because of the large university student population. The Industrial Revolution served as a catalyst for considerable population growth and demographic change in Sheffield. Large numbers of people were driven to

19964-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

20125-612: The purchase of their commercial aircraft in countries including Brazil, Canada, Ireland, and the United Arab Emirates , from the Export-Import Bank of the United States , some 65% of the total loan guarantees the bank made in the period. In December 2011, the non-partisan organization Public Campaign criticized Boeing for spending US$ 52.29 million on lobbying and not paying taxes from 2008 to 2010, instead getting US$ 178 million in tax rebates , despite making

20286-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

20447-402: The remains of the castle. This has since been demolished. Sheffield Moor Market opened in 2013 and became the main destination for fresh produce. The market has 196 stalls and includes local and organic produce, as well as international fusion cuisine such as Russian, Jamaican and Thai. In March 2021 it was announced that the Sheffield branch of John Lewis would close due to falling sales and

20608-475: The same period, a technique was developed for fusing a thin sheet of silver onto a copper ingot to produce silver plating, which became widely known as Sheffield plate . These innovations spurred Sheffield's growth as an industrial town, but the loss of some important export markets led to a recession in the late 18th and early 19th centuries. The resulting poor conditions culminated in a cholera epidemic that killed 402 people in 1832. The population of

20769-496: The satellite segment of Hughes Electronics . In December 1996, Boeing announced its intention to merge with McDonnell Douglas , which, following regulatory approval, was completed on August 4, 1997. The delay was caused by objections from the European Commission , which ultimately placed three conditions on the merger: exclusivity agreements with three US airlines would be terminated, separate accounts would be maintained for

20930-424: The second half of the first millennium, and are of Anglo-Saxon and Danish origin. In Anglo-Saxon times, the Sheffield area straddled the border between the kingdoms of Mercia and Northumbria . The Anglo-Saxon Chronicle reports that Eanred of Northumbria submitted to Egbert of Wessex at the hamlet of Dore (now a suburb of Sheffield) in 829, a key event in the unification of the kingdom of England under

21091-509: The second quarter of 2024, compared to the same time period in 2023. The company's operating loss amounted to $ 1.39 billion and its net loss to $ 1.43 billion, while plane deliveries fell to 92 (from 136 in 2023). The company's employment totals are listed below. Approximately 1.5% of Boeing employees are in the Technical Fellowship program, a program through which Boeing's top engineers and scientists set technical direction for

21252-402: The street-trees dispute, and we wish to reiterate our previous apologies for our failings". Sheffield is governed at the local level by Sheffield City Council and is led by Councillor Tom Hunt (Assumed office 16 May 2023). It consists of 84 councillors elected to represent 28  wards : three councillors per ward. Following the 2024 local elections , the distribution of council seats

21413-495: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

21574-541: The temperature at −8.7 °C (16.3 °F), recorded on 20 December, and states that to be the lowest December temperature since 1981.) The coldest temperature ever recorded in the city of Sheffield at Weston Park , since records began in 1882, is −14.6 °C (5.7 °F), registered in February 1895. The lowest daytime maximum temperature in the city since records began is −5.6 °C (21.9 °F), also recorded in February 1895. More recently, −4.4 °C (24.1 °F)

21735-498: The temperature has never fallen below −9.2 °C (15.4 °F), suggesting that urbanisation around the Weston Park site during the second half of the 20th century may prevent temperatures below −10 °C (14 °F) occurring. The coldest temperature to be recorded was −8.2 °C (17.2 °F) in 2010. (Note: The official Weston Park Weather Station statistics, which can also be viewed at Sheffield Central Library , has

21896-480: The time, was the biggest independent manufacturer of helicopters . During the 1960s and 1970s, the company diversified into industries such as outer space travel, marine craft, agriculture, energy production and transit systems. In 1995, Boeing partnered with Russian, Ukrainian, and Anglo-Norwegian organizations to create Sea Launch , a company providing commercial launch services sending satellites to geostationary orbit from floating platforms. In 2000, Boeing acquired

22057-469: The top ten "best cities to locate a business today", the city occupying third and fourth places, respectively, for best office location and best new call centre location. The same report places Sheffield in third place regarding "greenest reputation" and second in terms of the availability of financial incentives. Sheffield has an international reputation for metallurgy and steel-making. The earliest official record of cutlery production, for which Sheffield

22218-425: The town grew rapidly throughout the 19th century; increasing from 60,095 in 1801 to 451,195 by 1901. The Sheffield and Rotherham railway was constructed in 1838, connecting the two towns. The town was incorporated as a borough in 1842, and was granted city status by letters patent in 1893. The influx of people also led to demand for better water supplies, and a number of new reservoirs were constructed on

22379-450: The two fatal accidents, prioritized deadline and budget constraints over safety , and lacked transparency in disclosing essential information to the FAA. It further found that the assumption that simulator training would not be necessary had "diminished safety, minimized the value of pilot training , and inhibited technical design improvements". On January 7, 2021, Boeing settled to pay over $ 2.5 billion after being charged with fraud over

22540-632: The two professional clubs, Sheffield United and Sheffield Wednesday , are known as the Steel City derby . The city is also home to the World Snooker Championship and the Sheffield Steelers , the UK's first professional ice hockey team. The name Sheffield , has its origins in Old English and derives from the name of a principal river in the city, the River Sheaf . This name, in turn,

22701-528: The ugliest town in the Old World ". The Great Depression hit the city in the 1930s, but as international tensions increased and the Second World War became imminent; Sheffield's steel factories were set to work manufacturing weapons and ammunition for the war effort. As a result, the city became a target for bombing raids, the heaviest of which occurred on the nights of 12 and 15 December 1940, now known as

22862-491: The victims of Ethiopian Airlines Flight 302 (the 2019 crash) experienced any pain and suffering in the final six minutes as the plane was nosediving into the ground, citing "speed of sound" as a defence. Boeing's claim was described as "preposterous" by HuffPost : Passengers aboard the plane, the plaintiffs argued in court, "undeniably suffered horrific emotional distress, pain and suffering, and physical impact/injury while they endured extreme G-forces, braced for impact, knew

23023-485: The war in Yemen where its missiles were found to be used for indiscriminate attacks, killing many civilians. In 2017 Boeing signed a deal with Saudi Arabia which included Saudi Arabia buying military aircraft and guided missile systems. In 2023, it was reported that Boeing sent 1,000 small diameter bombs for the first week of Israeli air attacks on Gaza that were shipped from a US Air Force base by Israeli Air Force . During

23184-454: The west, and the lower-lying South Yorkshire Coalfield to the east. It lies at the confluence of five rivers: Don , Sheaf , Rivelin , Loxley and Porter . As such, much of the city is built on hillsides with views into the city centre or out to the countryside. Blake Street, in the S6 postcode area, is the third-steepest residential street in England, with a gradient of 16.6°. The highest point in

23345-400: The world grounded all 737 MAX airliners. A total of 387 aircraft were grounded. Boeing's reputation, business, and financial rating suffered after the groundings, as Boeing's strategy, governance, and focus on profits and cost efficiency were questioned. In 2022, Netflix released an exposé, Downfall: The Case Against Boeing , claiming Boeing's corporate merger with McDonnell Douglas led to

23506-598: The world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded by William E. Boeing in Seattle , Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. As of 2023, the Boeing Company's corporate headquarters is located in the Crystal City neighborhood of Arlington County, Virginia . The company

23667-484: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

23828-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

23989-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

24150-503: The worst of this run-down of Sheffield's industries, along with those of many other areas of the UK. The building of the Meadowhall Centre on the site of a former steelworks in 1990 was a mixed blessing, creating much-needed jobs but hastening the decline of the city centre. Attempts to regenerate the city were kick-started when the city hosted the 1991 World Student Games , which saw the construction of new sporting facilities such as

24311-453: Was 530,300, representing an increase of about 17,000 residents since 2001. Although a city, Sheffield is informally known as "the largest village in England ", because of a combination of topographical isolation and demographic stability. It is relatively geographically isolated, being cut off from other places by a ring of hills. Local folklore insists that, like Rome, Sheffield was built "on seven hills". The land surrounding Sheffield

24472-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

24633-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

24794-404: Was given before the release of the independent inquiry's report on the so-called "Sheffield Chainsaw Massacre". The report concluded that "thousands of healthy and loved trees were lost. Many more could have been" and was critical of Sheffield City Council. The latter issued this statement on receipt of the report: "the council has already acknowledged that it got many things wrong in the handling of

24955-551: Was initially discussed in March of the same year before being closed on June 30 at $ 4.7 billion. On September 12, 2024, a vote was held among Boeing machinist workers who are also members of the International Association of Machinists and Aerospace Workers (IAM) labor union, with 94.6% of participating members rejected a contract offer that the union's bargaining committee had endorsed, with 96% voting to strike. At 12:01 am on September 13, Boeing workers went on strike for

25116-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

25277-461: Was particularly hard hit during the 2007 United Kingdom floods and the 2010 'Big Freeze' . Many landmark buildings such as Meadowhall and the Hillsborough Stadium flooded due to being close to rivers that flow through the city. In 2010, 5,000 properties in Sheffield were identified as still being at risk of flooding. In 2012 the city narrowly escaped another flood, despite extensive work by

25438-537: Was recorded as a daytime maximum at Weston Park, on 20 December 2010 (from the Weston Park Weather Station statistics, which also can be viewed at Sheffield Central Library.) On average, through the winter months of December to March, there are 67 days during which ground frost occurs. The Weston Park Weather station, established in 1882, is one of the longest running weather stations in the United Kingdom. It has recorded weather for more than 125 years, and

25599-415: Was second on the list of Top 100 US Federal Contractors , with contracts totaling US$ 22 billion and US$ 23 billion respectively. Between 1995 and early 2021, the company agreed to pay US$ 4.3 billion to settle 84 instances of misconduct, including US$ 615 million in 2006 in relation to illegal hiring of government officials and improper use of proprietary information. Boeing secured

25760-550: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

25921-400: Was unsuitable for industrial use, and now includes several protected green belt areas. These topographical factors have served to restrict urban spread, resulting in a relatively stable population size and a low degree of mobility. After many years of decline, the Sheffield economy is going through a strong revival. The 2004 Barclays Bank Financial Planning study revealed that, in 2003,

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