Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
Delta CEO Ed Bastian praised the flight crew’s quick response following the regional jet crash in Toronto, which injured 21 people. He confirmed the pilots were experienced and trained for challenging weather conditions.
Delta Air Lines CEO Ed Bastian confirmed on Wednesday that the pilots of the regional jet, which flipped upside down upon landing in Toronto, were experienced and trained for wintry conditions. The crash, which injured 21 of the 80 people on board, occurred on Monday amid high winds and cold temperatures at Toronto Pearson Airport, still recovering from a snowstorm.
Bastian praised the flight crew for swiftly evacuating the aircraft, calling it "what we train for." Only one passenger remains hospitalised, with all others expected to survive. Delta is offering $30,000 goodwill payments to passengers.
The Transportation Safety Board of Canada is investigating, with the wreckage of the 16-year-old CRJ900 still on the runway, causing delays at Toronto Pearson. While it’s too early to determine the cause, experts noted the plane's flat descent and lack of a regular landing flare.
Bastian reaffirmed that air travel remains safe, despite recent crashes in North America, and expressed no concerns over FAA layoffs, as they were in "non-critical safety functions." He also highlighted the U.S. administration's commitment to improving air traffic control.
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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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