Gold surpasses $4,000 for first time amid rate-cut bets and global uncertainty
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tens...
One of the two black boxes has been recovered from the wreckage of the Air India Dreamliner that crashed shortly after take-off in Ahmedabad, killing 241 of the 242 people on board, according to Hindustan Times.
Investigators are now working to retrieve the second black box, the flight data recorder, while analysis begins on the cockpit voice recorder that has already been found. The black boxes are expected to be central to understanding the cause of the crash, which marks the first fatal accident involving the 787 Dreamliner since its launch.
The Boeing 787-8 Dreamliner, bound for London, went down in a residential area minutes after take-off on Thursday, striking a hostel for medical staff and leaving debris scattered across the neighborhood. Among the dead are passengers from India, the UK, Portugal, and Canada, as well as several people on the ground. The lone survivor, identified as British national Vishwashkumar Ramesh, remains in hospital after being pulled from the wreckage.
Boeing, whose reputation is still reeling from past safety and production controversies, has cancelled top-level attendance at next week’s Paris Air Show. CEO Kelly Ortberg and Boeing Commercial Airplanes head Stephanie Pope will remain in the U.S. to focus on the crisis.
“As our industry prepares to start the Paris Air Show, Stephanie and I have both cancelled plans to attend so we can be with our team and focus on our customer and the investigation,” Ortberg told staff in a message obtained by Reuters.
While early indications have not pointed to a manufacturing flaw, aviation experts say all possibilities remain open.
“Safety is foundational to our industry,” Ortberg added. “Our technical experts are prepared to assist investigators to understand the circumstances.”
John Nance, an aviation safety analyst, said Boeing’s biggest challenge now is public perception.
“To the public, a Boeing plane has crashed. But the actual cause may have nothing to do with the manufacturer,” explained Nance.
Boeing shares closed down nearly 5% Thursday as news of the crash spread. The company had hoped to use the Paris Air Show to turn a corner after a month that included more than 300 new orders and signs of recovery in its 737 production line.
Indian aviation officials, along with U.S. authorities and Boeing experts, are expected to conduct a joint probe into what has become the deadliest aviation disaster in over a decade.
As families begin the process of grieving and seeking answers, officials say recovering the second black box is now a top priority.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
The newly elected mayor of Herdecke in northwestern Germany, Social Democrat Iris Stalzer, was seriously injured in a knife attack near her home by an unknown assailant or assailants.
UFC fighter Conor McGregor has been issued an 18-month suspension for breaching the UFC’s anti-doping regulations after missing three scheduled drug tests in 2024, according to a statement released by Combat Sports Anti-Doping (CSAD) on Tuesday.
Ecuadorian President Daniel Noboa’s vehicle was attacked on Tuesday as his convoy travelled through Cañar province, where protesters demonstrating against the government’s decision to lift fuel subsidies threw rocks and other objects at his car.
Ukrainian Foreign Minister Andrii Sybiha met on Tuesday with a delegation from the Organisation for Security and Co-operation in Europe (OSCE) Parliamentary Assembly, marking the first visit to Ukraine by the group’s President, Pere Joan Pons.
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