Drivers said the vehicles shudder and shake in higher gears, and...
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Cathay Pacific grounds many flights after engine component failure
Cathay Pacific has not specified which engine component failed, but...
Average annual NatCat losses for global insurance industry reaches new high of $151 billion: Verisk
“While actual annual insured losses over the past five years have...
Russia’s Aeroflot Cuts Superjet Flights After Fatal Crash in May
Flightradar24 data shows Aeroflot has also at times substituted Airbus or Boeing planes for the Superjet, the first new passenger jet developed in Russia since the Soviet Union collapsed.Fallout from the crash risks undermining the aircraft’s reputation at a time when Russia is promoting another domestically made passenger plane, the M-21, as a rival to Boeing and Airbus.
Motor Bill may be introduced in upcoming session of Parliament:Gadkari
He said to reduce accidents at 8,000 black spots – accident-prone areas – have been identified and will be rectified.
Google faces privacy complaints in France, Germany, 7 other EU countries
The ruling by the EU court, expected in a few months, will help clarify to what extent social media companies such as Facebook must police posts by billions of users worldwide. The Luxembourg-based court follows the advice of its advocates general in a majority of cases.
Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI
As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 per cent in the fraud amount), the Reserve Bank of India (RBI) said
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.