The U.S. Federal Aviation Administration announced?on Monday?that it expects to?temporarily suspend flight operations at Washington Reagan National Airport between 10:15 am (1415 GMT), and 1:15 pm on August 23, to support the 'Freedom 250 Grand Prix IndyCar Race. IndyCar will be racing through Washington's streets from August 22 to 23 in celebration of the 250th anniversary of the United States. The general admission tickets are free. However, spectators may pay to join the "Champions Club," which offers an "exclusive experience" during the race weekend. A two-day package costs $5,000 per person. In recent months, the FAA has shut down airspace...

Airbus, a European planemaker, announced on Monday that it would'send specialists to help aide in the investigation of a sudden loss of altitude by an 'Air India - Airbus aircraft during a flight last Thursday. Air India A320?VT-EXO operating flight AI2379, from Phuket to Delhi, lost a sudden 300 feet during cruise. The aircraft then stabilized and safely landed in Delhi. On the same day, the Indian government launched an investigation into the incident. They also said that they had obtained the flight data recorder and cockpit voice recorder of the aircraft for analysis. Eight passengers and four crew members...

Ukraine's?agriculture ministry told? On Monday, Ukraine's?agriculture minister? cited?Russian strikes? on the southern Odesa hub of the country. Taras Vysotskyi, the first official forecaster of exports since the Russian attack in late July that effectively stopped shipments out of Odesa port, which are crucial to Ukraine and global agriculture market. Before the increase, the ministry had forecasted exports at 43 million tonnes for this season. In recent weeks, Russia has attacked Ukrainian Black Sea port terminals, vessels that enter and leave the ports on a daily basis and their export terminals. The lower grain forecast highlights?the damage?attacks are inflicting? on a...

SAC, the operator of Catania airport in eastern Sicily, said that flights arriving there were suspended until 1500 GMT Monday after volcanic ash drifted from Mount Etna's newest eruption into the airspace surrounding the airport. Etna is the most active volcano in the world and it frequently causes disruptions to air traffic at Catania airport, Italy's 5th busiest airport by passenger traffic. SAC issued a statement Monday saying that "as the situation significantly affects operations, passengers should check with their airline the status of their flight before going to the airport". It added that the situation was constantly being monitored...

China is exporting its way out of an internal slump, causing what many Western governments refer to as a "second China shock." This strategy may be causing trade wars overseas, but it also creates a whole new group of potential domestic beneficiaries. In recent months, the dichotomy of China's robust export sector and its flagging economy was on full display. China's export?growth was 24% on a year-over-year basis in July, and it posted a $113 Billion trade surplus. This follows similar figures in June. It is now on track to achieve another trillion-dollar surplus by 2026. It recorded a disappointing...

The Australian 'Transport Safety Bureau' was informed that a Jetstar A320 and a 'Qatar Airways Boeing 777' narrowly avoided colliding on the tarmac of Sydney airport on Sunday. The regulator reported that the Jetstar flight crew was taxiing to take off for Gold Coast in Queensland when they saw an aircraft tug towing a Qatar Airways plane very close by on a cross-taxiway. The Transport Safety Bureau said that "both aircraft were abruptly stopped" in a press release. The regulator reported that a cabin crew member of the Jetstar aircraft was injured and that the connection between the nose gear...

Typhoon Dolphin hit Japan's southern Okinawa Prefecture Saturday, injuring six people and cutting power to over 50,000 buildings. China closed ports and stopped ferries as it prepared for the storm's arrival on its eastern coast. Authorities reported that five elderly people in Okinawa, including three who fell because of strong winds, sustained non-life-threatening wounds. Another person was injured by strong winds in Kagoshima Prefecture. Kagoshima was affected by nearly 39,000 buildings without power, while Okinawa was only impacted by just over 12,000. Domestic airlines ANA and Japan Airlines cancelled flights from and to Okinawa. The maximum sustained wind speed was...

Typhoon Dolphin slammed Japan's southern prefecture of 'Okinawa' on Saturday. It injured 'five people' and cut power to '14,000 buildings'. Meanwhile, China closed its ports and ferry routes in preparation for the storm's arrival on their east coast. As of 0300 GMT the storm was located about 160 km (99 mi) northwest of Kume Island, Okinawa. It was moving north at a speed of 15 kph (9mph), according to the Japan Meteorological Agency. Okinawan government officials reported that five elderly people sustained non-life-threatening wounds, three of which were caused by the wind. ANA and Japan Airlines cancelled flights into the...

Taiwan's Mirage fighters, made in France, were scrambled on Friday during an annual war game to show how they could be quickly re-armed and sent back into the sky during a conflict with China. The Han Kuang exercise began in Taiwan on Wednesday. The drills, which last 10 days, are aimed at assessing Taiwan's readiness to fight a possible attack by China. China regards Taiwan as its territory and has promised to take it back, if necessary, with force. Taiwan's government rejects Beijing’s claims of sovereignty. The crew of a Mirage fighter towed Magic II and MICA, both French-made, to...

These are the?top stories from?the Wall Street Journal. The Wall Street Journal has not verified these'stories' and cannot vouch for the accuracy of their content. Nielsen Holdings has agreed to purchase DoubleVerify for an enterprise value of approximately $2.15 billion. EasyJet, a British budget airline, has agreed to Apollo Global Management's takeover offer of 5.7 billion pounds ($7.68billion). ConocoPhillips' Chief Executive Officer, Ryan Lance, is retiring and will be succeeded by Andy O'Brien, Chief Financial Officer. Suncor Energy has named Peter Zebedee its new chief executive. Troy Little, the Chief Financial Officer of Suncor Energy, is no longer with the...

Apollo Global announced on Thursday that it had agreed to purchase European 'budget airline easyJet' in a deal valued at approximately PS5.7 billion ($7.7billion). Castlelake, the other potential buyer, abandoned its pursuit. Here's a look back at the 31-year history of the airline: Stelios Haj-Ioannou founded easyJet, launching flights from London Luton Airport in Scotland to Glasgow and Edinburgh. The low-cost airline challenges established carriers. EasyJet is listed in London with a valuation of PS777 million. 2009-2010 EasyJet is considering reducing fleet growth in the wake of a?global recession. Stelios steps down as founder of EasyJet to lead shareholder revolt...

Castlelake announced on Thursday that it was no longer interested in acquiring easyJet. This ended its months-long attempt to buy out one of Europe's largest budget airlines, weeks after Apollo Global made a higher bid. The Minneapolis-based company, which is also a major investor in aviation, didn't specify the reason it "bowed out" of the race but stated that it was very appreciative for the constructive engagement it had with easyJet Board members and management. Castlelake's decision ends an investment pursuit in which the firm made five bids for easyJet. Among them was a PS6.90 share offer that was made...