An Air India Boeing 787-8 Dreamliner.Sopa Images | Lightrocket | Getty ImagesAir India said on Wednesday it will cut international operations on its widebody aircraft by 15% for the next few weeks, citing ongoing safety inspections and operational disruptions following last week’s deadly crash of one of its Boeing 787 Dreamliners.Authorities continue to investigate the crash of flight AI171, which killed 241 people and marked the world’s deadliest aviation disaster in a decade.The airline said in a statement that inspections had been completed on 26 of its 33 Boeing 787-8 and 787-9 aircraft, and those 26 have been cleared for service.The cuts, effective until at least mid-July, were being implemented “to…
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A SpaceX Starship is seen in Boca Chica, Texas in 2023.Patrick T. Fallon | Afp | Getty ImagesA SpaceX Starship rocket on Wednesday exploded at the Starbase facility in Texas during routine testing in preparation for a launch flight, according to local authorities and live stream footage.The rocket “experienced a major anomaly while on a test stand at Starbase” at 11 p.m. local time, SpaceX said on social media, noting “a safety clear area around the site was maintained throughout the operation and all personnel are safe and accounted for.”Local authorities said that Starship “suffered a catastrophic failure and exploded,”…
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024.Stefan Wermuth | Bloomberg | Getty ImagesThe Swiss National Bank on Thursday cut interest rates by a further 25 basis points to 0% — adding to concerns over a potential return to negative rates.The reduction was widely expected by markets ahead of the decision, after traders priced in an around 81% chance of a quarter-point cut and around a 19% chance of a bigger 50-basis-point cut.”Inflationary pressure has decreased compared to the previous quarter. With today’s easing of monetary policy, the SNB is countering the lower inflationary pressure,” the central bank said…
A cremation ceremony was held for Kinal Mistry, a victim of the Air India crash who hailed from a community that took pride in those who went abroad. Her family said she was someone who would “fulfill everyone’s dreams.” Source link
A large commercial ship floats off the coast in Bushehr, Iran, on January 15, 2025. Bushehr is Iran’s first nuclear seaport.Amir | Afp | Getty ImagesIsrael and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf.Marine insurers are now charging 0.2% of the value of a ship for journeys into the Gulf, according to data from the world’s largest insurance broker Marsh McLennan, up from 0.125% prior to Israel’s surprise attack on Iran last week.There has also been an uptick in war risk insurance rates for the Red…
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices — was a recurring one.”Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs because someone has to pay for the tariffs,” Powell said. “And some of it will fall on the end consumer.”Granted, recent economic data has been…
A Honda automobile dealership is shown in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersHonda is recalling more than 259,000 of its cars across the U.S. due to a problem that can cause the brake pedal to shift out of position, potentially interfering with a driver’s ability to stop or slow down.According to documents published by the National Highway Traffic Safety Administration, the recall covers certain Honda Pilots between model years 2023 and 2025 — as well cars under the auto maker’s luxury Acura brand: 2021-2025 Acura TLX and 2023-2025 Acura MDX vehicles.The NHTSA’s recall report notes that the…
Waymo driverless vehicles wait at a traffic light in Santa Monica, California, on May 30, 2025.Daniel Cole | ReutersResidents of New York City will soon start seeing Waymo cars cruising the avenues. But at least for now, a human will be in the driver’s seat.Alphabet’s self-driving car unit announced on Wednesday that it plans to drive vehicles manually in New York, marking the first step toward potentially cracking the largest U.S. city. Waymo said it applied for a permit with the New York City Department of Transportation to operate autonomously with a trained specialist behind the wheel in Manhattan.”While we…
Family members hold photographs of Boeing 737 MAX crash victims lost in two deadly 737 MAX crashes that killed 346 people as they arrive for Boeing CEO Dennis Muilenburg’s testimony before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX on Capitol Hill in Washington, October 29, 2019.Sarah Silbiger | ReutersRelatives of some of the 346 people killed in two Boeing MAX crashes in 2018 and 2019 asked a federal judge on Wednesday to reject a deal between the Justice Department and the plane maker that allows the company to avoid prosecution in a…
The ‘Fast Money’ traders react to the Fed’s latest rate decision. Source link
