Posts by Amelia Frost
Colombian President Alleges Plot To Down His Plane With Missiles
Colombia’s President Gustavo Petro claimed Monday to have been the target of a plot to down his plane with missiles by “big mafias” irate at his government’s attempts to hunt them down. “They want to shoot a missile at my plane… not one, but two missiles. We know who they are,” the South American country’s…
Read MoreFamily Files Claims Against U.S. for Washington Plane Crash
The family of one of the 67 victims of a plane crash last month near Washington filed two legal claims against the federal government on Tuesday, seeking compensation and signifying the beginning of what is expected to be a long and complex legal fight. The claims, which appear to be the first against the U.S.…
Read MoreBinance Commits to Financial Inclusion by Reducing Remittance Costs by $1.75 Billion Since 2022
Is the traditional payment system “broken”? Cryptocurrency enthusiasts might argue that, at the very least, monetary transactions within and across borders ought to be more efficient and less expensive. This is no small matter. The collective value of global remittances is projected to reach $913 billion this year, versus an estimated $883 billion in 2023.…
Read MoreNew Air Force One Ordered During Trump’s First Term Might Not Be Delivered Until After His Second Term
Air Force One hoto by Sean Gardner/Getty Images Boeing‘s next-generation Air Force One faced another delay until at least 2029–due to supply chain disruptions, workforce shortages, and project modifications. The newer version of Air Force One was originally set for delivery in 2024 for President Donald Trump to use during his second presidency, reported Fox…
Read MoreHuge Fire At Aerospace Manufacturer North Of Philadelphia Forces Shelter In Place Order
Latin Times Residents of a community north of Philadelphia were ordered to continue to shelter in place on Tuesday afternoon after a fire at an aerospace factory on Monday evening. All residents near SPS Technologies in Jenkintown should stay inside, the Township of Abington said. “We are aware of continued activity at the SPS location…
Read MoreSouthwest Layoffs Will Take 15% of Its Work Force
Southwest Airlines on Monday announced plans to cut 1,750 jobs, the first broad layoffs in the airline’s 53-year history. The company said the cuts would mostly focus on corporate positions, accounting for about 15 percent of that work force. The layoffs will include 11 senior leaders with titles of vice president or higher, the airline…
Read MoreTrump’s Rift With Europe Adds Fuel to a Rally in Defense Stocks
European defense stocks continued their rally on Tuesday, as President Trump’s threats to reduce American military support to the continent and NATO raised the prospect that Europe’s governments will increase military spending. The flurry of trading helped push the Pan-European Stoxx 600 index to a record high; the Stoxx Europe Total Market Aerospace & Defense…
Read MoreNew Homebuilder Sentiment Report Drops Sharply As Builders Lose Confidence
A home available for sale is shown on October 16, 2023 in Austin, Texas. Brandon Bell/Getty Images Home builders are not feeling confident in a housing market recovery according to a new survey. The National Association of Home Builders released its Housing Market Index on Tuesday. The builder confidence score fell from 47 in January…
Read MoreGerman Auto Supplier Continental To Cut 3,000 More Jobs
The 3,000 jobs to be cut by the end of next year come on top of 7,150 that are due to go by the end of this year AFP German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country’s…
Read MoreCalifornia Bill Seeks Age Minimum on Anti-Aging Skin Care Products
In February of last year, as videos of tweens racing to Sephora for beautifully packaged creams and serums that contained anti-aging chemicals flooded TikTok, a legislator in California tried to end that trend by introducing a bill that would stop stores from selling those products to them. It failed. Now, even though the chatter around…
Read MoreZelensky Slams US-Russia Talks, Urges ‘Fair’ Negotiations
Ukrainian President Volodymyr Zelensky on Tuesday criticised US-Russia talks for excluding Kyiv, saying efforts to end the war must be “fair” and involve European countries including Turkey. His remarks came after Washington and Moscow said they would name teams to negotiate a path to ending the war in Ukraine, during their first high-level official talks…
Read MoreDelta CEO Releases New Information On Toronto Plane Crash: ‘We’ll Do Everything We Can To Support Them’
Only two passengers hurt when a Delta plane flipped while landing at a Toronto airport remained hospitalized on Tuesday morning. The airline says 21 injured passengers were transported to hospitals after Monday’s crash landing. As of Tuesday morning, 19 have been released. All 80 people onboard the plane survived. “Our most pressing priority remains taking…
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