Category: z-Exclude
Airlines desperate for planes are paying more for older models
Boeing’s latest 737 Max crisis has worsened an airline shortage of popular narrowbody aircraft, sending the cost of used-jet rentals to the highest level in years. The US planemaker has slowed production of its bestselling model to address quality lapses tied to a near-disaster on a 737 Max 9 in January. With Airbus also struggling to lift output, available planes…
Palestinian Authority To Request Vote on UN Member-state Status
The Palestinian Authority (PA), the internationally recognized representative of the Palestinian people, has taken the first steps in requesting an official vote of approval on its United Nations membership status, a letter from the body’s UN representative revealed on Tuesday. Based on documents seen by wire service AFP, the PA’s UN liaison, Riyad Mansour, penned a letter to Secretary-General Antonio…
Bodies of 6 foreign aid workers slain in Israeli strikes are transported out of Gaza
RAFAH, Gaza Strip (AP) — The bodies of six foreign aid workers killed in a series of Israeli strikes were transported out of the Gaza Strip and into Egypt on Wednesday ahead of their repatriation, Egypt’s state-run Qahera TV reported. The deadly strikes have renewed criticism of Israel’s conduct in the nearly six-monthlong war with Hamas, and highlighted the perilous…
US office vacancy rate nears 20% to set fresh record, Moody’s says
NEW YORK – US office vacancies hit a fresh peak in the first quarter as needs continue to evolve with hybrid work set-ups. Vacancies rose to a record 19.8 per cent, Moody’s Analytics said in a preliminary report on April 1, from 19.6 per cent in the fourth quarter of 2023. Despite the increase, the firm said that the early…
Amazon pours an additional $2.75 billion into AI startup Anthropic
NEW YORK (AP) — Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion. Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. “Generative AI is poised to be the most transformational technology of our time, and we believe…
UK farmers in tractors head to Parliament to protest rules they say threaten livelihoods
LONDON (AP) — Farmers drove dozens of tractors in a slow-motion convoy towards Britain’s Parliament on Monday to protest post- Brexit rules and trade deals that they say are endangering livelihoods and food security. Supporters of the campaign groups Save British Farming and Fairness for Farmers of Kent drove from southeast England and through southern districts of the capital, bound…
As Boeing turbulence persists: A look at past crashes and safety issues involving the plane maker
The American plane maker has been under intense pressure since early January, when a panel blew off a brand-new Alaska Airlines 737 Max midflight. That’s spotlighted a lengthy series of safety and manufacturing problems that have piled up for Boeing over the years — including two devastating crashes that also involved Max jets. Leadership shakeups have arrived amid this turmoil,…
Russian Soyuz spacecraft with 3 astronauts docks at the International Space Station
The Soyuz MS-25 spacecraft carrying NASA astronaut Tracy Dyson, Russian Oleg Novitsky and Marina Vasilevskaya of Belarus reached the space outpost after Saturday’s blastoff from the Russian-leased Baikonur launch facility in Kazakhstan that followed an aborted launch attempt two days earlier. Thursday’s attempted launch was halted by an automatic safety system about 20 seconds before the scheduled liftoff. Roscosmos and…
Rich Indians own 40% of wealth in extreme inequality under Modi
MUMBAI – India’s inequality gap has widened sharply under Prime Minister Narendra Modi’s decade in power, with the richest 1 per cent of the population now owning 40 per cent of the country’s wealth, a new study found. The top 1 per cent, or about 9.2 million people, earn 22.6 per cent of total income – the highest share…
Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes
The heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems that have gained attention since a panel blew out of an Alaska Airlines jetliner in January, people familiar with the situation said Thursday. The meeting is likely to take place next week, according to a person who spoke on…
CEO of Singapore’s CIX carbon credit exchange resigns
SINGAPORE – Mr Mikkel Larsen, chief executive officer of Singapore’s Climate Impact X (CIX), a carbon credit exchange and marketplace, has announced his resignation, CIX said in a statement on March 21. Mr Larsen, 49, will remain in his role until a new or interim CEO is appointed. He will continue to serve as a member of CIX’s board thereafter,…
US designates Balkan officials for corruption
The US Department of State announced the designation of former North Macedonia Special Chief Prosecutor, Katica Janeva; current mayor of Karpos, North Macedonia, Stevco Jakimovski; and former mayor of Kacanik, Kosovo, Xhabir Zharku, for their actions undermining the rule of law and the public’s faith in their respective governments’ democratic institutions and public processes. Janeva was found to be involved in corrupt acts,…
Real estate agents face an overdue reckoning
For too long, Americans have suffered from a convoluted property system that condemned them to pay some of the world’s highest commissions, up to 6 per cent on residential sales. The real estate agents’ lock on online listings drove up costs and combined with a shortage of affordable homes to shut all but the most affluent buyers out of the…
No Signboard not taking action against interim CEO for now over fiduciary duty allegations
SINGAPORE – No Signboard Holdings is of the preliminary view that no action would have to be taken against interim chief executive officer Lim Teck-Ean. This comes after it having been legally advised with regard to allegations that the interim chief executive officer had breached his fiduciary duties, the food and beverage player said on March 11. In a…
Canada’s anti-money laundering agency offline after cyberattack
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has announced that a “cyber incident” forced it to take its corporate systems offline as a precaution. FINTRAC is a government agency in Canada that operates as the country’s financial intelligence unit. It is engaged in money laundering investigations, tracking millions of suspicious transactions annually and making thousands of disclosures…
‘Worse than 9/11’: Musk attacks Biden over ‘illegal immigrants’
NEW DELHI: Elon Musk on Tuesday in a social media post on X bashed President Joe Biden referring to a news report which says “Biden administration ADMITS flying 320,000 migrants secretly into US to reduce the number of crossing at the border has nation security vulnerability.” Elon musk said “This administration is both importing voters and creating a national security…