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Boeing Chief Executive Dennis Muilenburg testifies before the House Transportation and Infrastructure Committee during a hearing on the grounded 737 MAX in the wake of deadly crashes, on Capitol Hill in Washington, US, Oct 30, 2019. [Photo/Agencies]

Bilateral ties between Japan and South Korea have sunk to their lowest level in recent years owing to a wartime labor dispute spilling over into a tit-for-tat trade row.

Boeing, a blue-chip company whose stock performance is one of 30 used to calculate the Dow Jones Industrial Average, has been punished by investors. Its stock recently fetched 2.68 a share, a decline of 44.14 percent from the 52-week high of 8.66.

Bohai International Trust Co Ltd, for example, established its first charitable trust earlier this year, collecting funds to support COVID-19 pandemic prevention and control work, which was also a business innovation. The company has sent medical teams to coronavirus-hit Hubei province in Central China.

Blair, who was interviewed at the headquarters of the Tony Blair Institute for Global Change in central London, called on the United Kingdom and other Western countries to embrace the initiative.