The rally in stocks lost traction Friday, with the market still notching its best week in 2024 amid speculation the Federal Reserve will be able to cut interest rates as soon as June. US equities wavered after a record-breaking run that drove the S&P 500 up about 10% this year. In an almost broad-based weekly … Read more
The international debut of China’s homegrown C919 jet and the cost of going green by 2050 dominated the opening day of the Singapore Airshow — Asia’s most influential aerospace and defense exhibition. Commercial Aircraft Corp. of China, or Comac, signed a 40-plane dealBloomberg Terminal with Tibet Airlines and won an endorsement from Saudi Arabia’s Riyadh … Read more
China abruptly ousted nine military figures from its national parliament without explanation, as a major purge of personnel in the upper echelons of the nation’s defense universe casts its net wider. The nation’s top legislative body revoked the lawmakers’ membership during a Friday meeting, the official Xinhua News Agency reported. Their ouster adds to a … Read more
Now that San Antonio has its first European nonstop flight in hand thanks to Condor, it’s our turn to fill up seats to Frankfurt. Markus Mainka/Markus Mainka/picture-alliance/dpa/AP Images John Dickson Courtesy The news of our first transatlantic flight to Germany via Condor Airlines continues to reverberate. It’s an understatement to say securing a nonstop flight … Read more
SHREVEPORT, La. – A $26M partnership between Air Force Global Strike Command (AFGSC) and local Shreveport technology powerhouse Outerlink Global Solutions officially launched this August with the announcement of a four-year Strategic Funding Increase (STRATFI) contract award. This is the first STRATFI contract ever designated to AFGSC, which marks a pivotal step forward in the … Read more
A luxury cruise ship carrying 206 passengers — primarily Australians — has run aground in remote northeastern Greenland, with the closest vessel available to help with rescue efforts only expected to reach the scene on Friday. The Ocean Explorer became stuck at about noon on Monday in the Alpefjord, roughly 870 miles (1,400 kilometers) northeast … Read more
A layer of the Boom Supersonic-NASA collaboration was peeled open last week with a study concluding that potential supersonic passenger markets exist in about 50 established routes. NASA did not specify the routes in its Aug. 22 blog. The space agency is investigating the business case for supersonic passenger air travel aboard aircraft that could … Read more