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APAC: Climate change response held back by insufficient data
“The deadly heat waves and catastrophic floods we’ve seen in recent...
Can Mpox virus spread through air like Covid-19?
“This suggests that respiratory droplets might play a role in...
Ship insurers ‘already charging’ war risk premium around Fujairah post-sabotage attacks
Given the circumstances in the Persian Gulf, it would be expected that underwriters are reviewing voyages on a case-by-case basis and acting according to the risk presented, Neil Roberts, secretary for JWC in the Lloyd’s Market Association, told S&P Global Platts.
IATA cuts forecast for airline profits as US-China trade war intensifies
“Trust in the certification system has been damaged — among regulators, between regulators and the industry and with the flying public,” IATA Director General and Chief Executive Officer Alexandre de Juniac said in a speech on Sunday in Seoul. “While Boeing and the US Federal Aviation Administration are at center stage, the close collaboration of counterpart manufacturers and civil aviation authorities around the world is essential. Any rift between regulators is not in anybody’s interest.”
84 airports to install body scanners by March 2020
“Walk-through metal detectors and hand-held metal detectors cannot detect non-metallic weapons and explosives. Body scanners detect both metallic and non-metallic items concealed on the body,” states the circular sent by Bureau of Civil Aviation Security (BCAS) to all airports in April this year.
European Central Bank calls for ‘Deeper Understanding’ of Climate Risks
The ECB said weather events were responsible for over 80% of insured catastrophe losses in 2018, and “physical risks, when they materialize, can significantly erode collateral and asset values and have an impact on insurance liabilities.”
Airlines could seek $580 million from Boeing for Max 8 groundings
The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing “serious damage” to the companies’ businesses. It estimated their losses at 4 billion yuan ($580 million) should the planes remain grounded through the end of next month.
Bengaluru airport receives threat call, Air Asia plane cordoned off
The forces and authorities swung into action and the flight was kept in isolation bay. All passengers were deboarded.
The identity of the caller is yet to be ascertained. “The airline is also facilitating security agencies to establish the whereabouts and investigation of the call,” it said.
Britain may go for a hard Brexit as May quits
Spain said it now seemed almost impossible to avoid a so-called hard Brexit, or clean break from the EU, and the bloc signaled there would be no change on the agreement despite European Commission President Jean-Claude Juncker learning of May’s resignation “without personal joy.”
US engages World’s Regulators on Grounded Boeing 737
Chicago-based Boeing has developed a software fix that won’t allow MCAS to push down a plane’s nose more than once and it will rely on data from two sensors instead of one in an attempt to lower the chances that a single malfunction can trigger it.
Weinstein, accusers reach tentative $44 million deal, WSJ
Weinstein, who won plaudits and awards through his company and another studio, Miramax, for movies including “Shakespeare in Love,” “Pulp Fiction” and “The King’s Speech, fell from grace after more than 70 women, mostly young actresses and others in the movie business, accused him of sexual misconduct dating back decades.
As many as 8 Hurricanes Forecast for ‘Near Normal’ 2019 Hurricane Season
The hurricane season will be closely watched because of its potential to take a heavy human toll as well as rattle oil and gas markets across the globe. Over the past two years, storms including Michael, Irma and Harvey led to scores of deaths and over $250 billion in damages. They have also sent U.S. gasoline prices surging, shifted global crude and fuel flows, disrupted production in the energy-rich Gulf Coast and threatened crops.