Latest News
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Bickert, Meta's former content policy chief and now Harvard professor, will be teaching at Harvard.
Monika Bickert is Meta's longtime chief of content policy. She oversaw the writing and enforcement Facebook's policies and played a role in determining how to approach user safety. Bickert, who wrote an internal post on Friday that was viewed by, said she would stay with Meta until August to 'work on a plan of transition with Kevin Martin. He oversees Meta's Global Policy Team. Bickert, who is Meta's head of content policy, has been the public face of Meta during controversies surrounding its handling political content and teen health. She joined Facebook in 2012 as a former federal prosecutor. The company changed its name later to Meta. She wrote: "Yes, we are a business, and we make profit. But the idea that 'we do'so' at the cost of people's well-being or safety is a misunderstanding of where our commercial interests lie," in 2021, after documents were leaked by former Meta employee Frances Haugen. Joel Kaplan, Meta's Chief Global Affairs Officer, praised Bickert in a statement. (Reporting and editing by Peter Henderson, William Mallard, and Jeff Horwitz)
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FAA stops traffic at Washington airports due to odor
The Federal Aviation Administration (FAA) halted all traffic at three of the main airports in the Washington, DC area late on Friday night after an odor was detected by a Virginia air-traffic control facility. The FAA stated that the odor forced them to evacuate Potomac Consolidated Terminal RADAR - Approach Control TRACON which controls the airspace of numerous airports around the Washington region. Around 6:40 p.m.?EDT, the FAA announced ground stops at Reagan Washington National Airport and?Washington Dulles. Baltimore, and smaller airports located in Charlottesville, Richmond, and Charlottesville. The odor from the Warrenton facility, Virginia, has caused traffic to be snarled for the second time within two weeks. According to someone briefed about the issue, the burning smell was similar to the one that caused the FAA to stop air traffic on March 13. On March 13, the FAA announced that it had stopped work due to a chemical smell associated with a circuitboard that was overheating. Flightradar24 is a website that tracks flights. It said that inbound 'flights were holding or diverting. Since 6:40 pm EDT, there has not been a departure from the airports. The FAA said an update would be?expected at around 8 p.m. FlightAware reported that 25% of flights were delayed at Baltimore, National and Dulles. (Reporting and editing by David Shepardson)
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The trucking industry is stuck in a slump for years because of the rising US diesel prices
U.S. 'diesel' prices have risen by 50% due to the U.S. - Israel war on Iran, which has delayed a much-needed turnaround in the trucking industry and squeezed?cash flows?and profits of independent big-rig operators. According to the American Automobile Association's data, the national average price for diesel fuel reached $5.38 a gallon on Saturday. This is up from $3.61 per gallon a year ago and not too far from the highest price recorded of $5.82 per gallon in June 2022. This was almost four months after Russia's invasion of Ukraine. California, home to the busiest container ports in the U.S., and the state with the highest population, saw its diesel prices hit an all-time high of $7.17 per gallons on Friday. According to AAA, the diesel price in Washington State also reached a record high of $6.55 a gallon. Transportation is at the forefront of the historic energy disruption traced to Iran's chokehold over the Strait of Hormuz. This narrow stretch of water off its southern coast normally carries one-fifth of all oil and natural gas liquefied in the world. The U.S. is well-supplied with diesel but prices have risen because oil is traded on a global scale. The small carriers are really being squeezed because they can't negotiate higher rates, as demand is flat, said Dean Croke. He was referring to the U.S. Trucking Industry's four-year slump. Independent truckers are often paid a rate per load that includes fuel, and have less leverage to negotiate more money when diesel costs soar. Surcharges are used by large contract trucking companies like FedEx, JB Hunt, and CH Robinson to recover higher fuel costs. These big players can also hedge fuel risks and leverage their size to negotiate lower rates. FedEx and analysts say that customers have not resisted diesel prices yet. Experts say that truckers often pay their fuel bills shortly after purchasing them, while customers have to wait 30 days or longer before they can pay for transport. This creates a financial crunch. The off-contract rates are still about 25% higher compared to a year ago due to the thousands of drivers who have left the industry. "That is the cushion," Croke said. If these rates were not higher than last, it would be a catastrophe. The people would be screaming as they did in 2022 when diesel reached a record-high that summer. (Reporting and editing by David Gregorio; Lisa Baertlein)
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DHS pays 50,000 airport workers in the US as part of emergency measures
The U.S. Homeland Security Department of the United States announced on Friday that it would take emergency measures to pay 50,000 airport security officers who had not been paid since mid-February. Work absences caused chaos and long security lines at?U.S. airports. "(The Transportation Security Administration has) immediately begun?the process?of paying its workforce. DHS stated that TSA officers could start receiving their paychecks as soon as Monday. On Thursday, President Donald Trump announced that he would pay TSA employees. He then issued a memorandum directing payments to be made on Friday. TSA announced earlier Friday that nearly 14% of airport security agents did not show up to work on Thursday. This is the highest number since mid-February. On Thursday and Friday, major disruptions were reported, including long airport security lines. The TSA reported that more than 3,450 agents did not report to work on Thursday. This included more than a third of the officers at JFK in New York, and airports located in Baltimore, Houston, and Atlanta. TSA reported that airports in all parts of the country had lines of four hours or longer - the longest lines it has ever seen. Airlines warned that lines and absences could increase this weekend without concrete information on the payment of TSA officers. Since February, nearly 500 airport security personnel have quit their jobs. It's unclear how long funding will last, or if Trump would use the funds for Homeland Security Department that were approved last year in a massive tax-and-spending bill. Democrats in Congress are refusing to fund the?DHS and demanding changes in its immigration rules after agents in Minneapolis "shot and killed" U.S. citizens Renee Good, Alex Pretti. Citizens Renee Good, and Alex Pretti. The Republican leadership in the U.S. House of Representatives rejected on Friday a bipartisan compromise from the Senate to end the six-week funding deadlock for DHS. The Congressional Democrats proposed funding TSA separately, while negotiating reforms to the way Immigration and Customs Enforcement (ICE) agents work. The TSA reiterated Wednesday that it could be forced to close smaller airports, if staffing problems worsened. The airports are dealing with an increase in school-break travel volume of about 5% compared to last year. On Monday, hundreds of U.S. Immigration agents and Homeland Security Investigations (HSI) officers were deployed at 14 U.S. Airports to assist with security screening. (Reporting and editing by Chris Reese, Edmund Klamann, and David Shepardson)
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The chair of the US House Transportation panel will not run for re-election
The veteran Republican U.S. legislator?Sam?Graves said Friday that he would not run for re-election in this year. He joins more than 50 incumbents who have left the chamber. Graves has been representing a Missouri congressional district since 2001. The Republican colleagues of President Donald Trump are trying to keep their narrow majority in the House and Senate during the midterm elections in November. According to a House count, 57 House members - 36 Republicans & 21 Democrats – have declared they won't run for reelection. Graves has been a leading legislator in aviation issues, including the safety legislation the House unanimously passed on Thursday following the mid-air collision that occurred between a regional American Airlines jet and a Black 'Hawk Army helicopter last year that resulted in the deaths of 67 people. The congressman is working on a five year reauthorization for highway spending. This legislation could be delayed until the midterm elections. Graves, a member of the U.S. Senate, said this month that he supports a fee on electric vehicle owners to pay for highway repairs in the U.S. The majority of federally-funded?road repair revenue is collected by diesel and gasoline tax, but EVs don't use these fuels. The House Republicans proposed a new annual fee of $250 for owners of EVs, and $100 hybrid EVs. However, it was not included within the'massive tax bill and spending bill approved by Congress. Graves co-authored legislation that Congress passed in 2020 to increase U.S. Air Traffic Controller staffing. It also increased funding to prevent runway close-calls and speed up refunds on canceled flights. The 2024 FAA reauthorization measures prohibit airlines from charging fees for families to travel together. They also require airplanes to have cockpit recording devices that record for 25 hours. Maximum civil penalties for airline consumer violation are increased from $25,000 to $75,000, and aircraft production is scrutinized more closely.
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UN Aviation Agency limits the use of power banks on flights to two per passenger
As part of the new rules for using these 'devices in the air,' the United Nations Aviation Agency has announced that the use of portable, rechargeable battery packs, or power banks, will be limited to only two per passenger. The International Civil Aviation Organization (ICAO)?issued a?statement that passengers will be prohibited from charging their?power banks? during flights. After incidents such as the fire that occurred on Air Busan's plane in 2025, airlines like the Lufthansa Group and countries like South Korea have already introduced restrictions on power banks. Federal Aviation Administration was not immediately available for comment. The Federal Aviation Administration was not immediately available to comment. The Montreal-based ICAO usually sets global standards 'for aviation, which are mostly 'approved by its 193 member states. However, the new specifications relating to power banks are effective immediately. Reporting by Allison Lampert and David Shepardson, both in Montreal; editing by Chizu Nomiyama
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UN creates mechanism to protect Hormuz trade against Iran war
The United Nations announced on Friday that it was establishing a taskforce to design a mechanism for keeping trade flowing through the Strait of Hormuz. They warned that disruptions due to the Iran War could lead worldwide food shortages and humanitarian crisis. Stephane Dujarric, U.N. spokesperson, said: "Immediate actions are essential to mitigate these effects." U.N. Under-Secretary-General Jorge Moreira da Silva, executive director ?of the United Nations Office for Project Services, will lead ?the project, Dujarric said. He said that the task force envisioned would be inspired by other U.N. initiatives such as the Black Sea 'Grain Initiative for Ukraine' and the UN2720 Mechanism in Gaza. Dujarric stated that the task force would be in contact with all relevant member states, to determine how it could be operationalized. "We hope all the member?states will support this initiative, especially in the interest of those... already impacted." U.N. experts and others warn that disrupted fertilizer deliveries and rising energy prices are threatening to cause new 'food price surges' in countries vulnerable. This could lead to a setback of years, just as some were emerging from successive global shocks. A report released last week by the U.N. World Food Programme warned that up to tens of millions more people will suffer from acute hunger if Iran's war continues until June. (Reporting and editing by Jasper Ward, Howard Goller, and David Brunnstrom)
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Train 5 of Cheniere Energy in Texas is operating at maximum capacity
The company announced on Friday that Train 5 of the Corpus Christi Liquefied Natural Gas expansion project, operated by Cheniere Energy, is now at full capacity. Train 5 is a part of the seven-train development that will add 10 million tons of export capacity per year to Corpus Christi LNG in Texas. According to documents from the company, this new unit is expected to increase output by a little under 1.5 million tonnes per year. LNG trains are units that cool natural gas to a super-cooled, liquid form for export. The global LNG supply is currently being hamstrung by Iran's attack on Qatar's facilities, which are one of the largest producers of this fuel. Cheniere says that contractor Bechtel has handed over the operation of Train 5 to Cheniere on Friday. LSEG data shows that feedgas flows into Corpus Christi were near record levels on Friday. The facility received almost 2.5 billion cubic foot of gas. Jack Fusco, CEO of Cheniere Energy,?said at the CERAWeek conference on energy that Cheniere planned to?send?more cargoes? to Asia. The region is experiencing shortages due the attacks which shut down QatarEnergy’s LNG facilities. QatarEnergy?accounts about 20% of the global LNG supply?and warned that it could lose up to 17% of production for 'five years?after its sites were hit by an Iranian missile? Cheniere, America's largest LNG exporter, has said that it will work to complete the two remaining trains of the Corpus Christi Expansion as quickly as possible.
Companies sell their services in Russia
Lots of Western business have actually sold their Russian assets or handed them over to local supervisors to adhere to sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreignowned possessions.
Below are some business that have offered their organizations in Russia, divided by sector: AUTOS
Continental sold its Russian tyre plant to holding company S8 Capital in May 2023.
Renault offered its bulk stake in Avtovaz to the Russian state in 2022, reportedly for just one rouble however with a six-year choice to buy it back.
Volkswagen finished the sale of its Kaluga production plant and regional subsidiaries in May 2023. BANKS & & INSURERS ING stated on Jan. 28 it had actually accepted sell its Russian organization to Global Development JSC without disclosing monetary details. It expects a hit of about 0.7 billion euros ($ 730.7 million) on its post tax results from the offer.
HSBC moved ownership of its Russian unit to Expobank for an undisclosed cost, it stated in May.
Societe Generale offered its Rosbank organization to Interros Capital in May 2022, taking a 3.1 billion euro hit.
Uniqa Insurance coverage stated on Oct. 4 it had concluded the sale of Raiffeisen Life and therefore completed its exit from Russia.
ENERGY
Shell sold its Russian retail and lubes company to Lukoil in 2022.
FOOD & & BEVERAGES, DURABLE GOODS
Carlsberg said on Dec. 3 it had accepted sell its shares in Russia's Baltika Breweries to longstanding Baltika staff members in a management buyout.
Heineken offered its operations in Russia to Arnest Group for a symbolic one euro, it stated in August 2023.
Belgian brewer AB InBev accepted offer its stake in joint venture AB InBev Efes in April 2022, taking a $1.1 billion disability.
Danone completed the sale of its Vital Dairy and Plant-based company in Russia to Vamin R LLC in May, taking a hit of 1.2 billion euros.
Unilever stated on Oct. 10 it had completed the sale of its Russian unit to Arnest Group, a Russia-based producer of fragrance, cosmetics and family products, without disclosing the terms. FORESTRY & & PACKAGING International
Paper sold its 50% stake in a JV to Russian shareholders in September 2023. Britain's Mondi sold three packaging converting operations to Gotek Group for 1.6 billion roubles ($ 16.41 million) and consented to offer its biggest plant in Russia to Sezar Invest for 80 billion roubles.
Finnish packaging maker Huhtamaki in 2015 sold its Russian operations for 151 million euros, while forestry firm Stora Enso offered its three corrugated packaging plants to local management. RESTAURANTS & & RETAIL
AmRest in May 2023 closed the sale of its KFC organization in Russia to Smart Service for 100 million euros.
Gazprombank Group purchased 14 MEGA shopping center in Russia from a system of IKEA operator Ingka Group in September 2023 for a concealed cost. On Nov. 8, 2024, Ingka stated it had actually offered its last possession in Russia, finishing its exit from the nation.
Hugo Employer sold its Russian service to wholesale partner Stockmann for an undisclosed cost, it stated on Aug. 5.
Moscow approved the sale of Zara owner Inditex's. Russian service to a UAE-based buyer in April 2023.
LPP sold its Russian service in June 2022 to a. Chinese consortium and a former CEO of Russian business Re. Trading. The rate for the stores was $135.5 million, plus 1.2. billion zlotys ($ 297.6 million) for stock. LPP taped a. 600 million zloty loss on the sale, it said in March 2024.
McDonald's sold its service in Russia in 2022,. taking a charge of $1.28 billion. TOBACCO
British American Tobacco said in September 2023 it. would sell its Russian and Belarusian organizations for an. concealed sum to a consortium led by its Russian management. team.
Imperial Brands transferred its Russian organization to. investors based in Russia in April 2022. OTHER
EMBRACER
The Swedish video gaming business ceased operations in Russia by. divesting chosen properties from its Saber Interactive subsidiary. for $247 million, it said in March.
FRAPORT
The German airport operator said on Dec. 5 it was close to. finishing the sale of its 25% stake in St. Petersburg airport. Pulkovo to Middle East-based investor Orbit Air travel LLC.
POLYMETAL INTERNATIONAL
The rare-earth elements manufacturer said in March it had completed. the sale of its Russian company to a Siberian gold miner in a. $ 3.69 billion deal, including the business's $2.21 billion net. debt.
VEON
The telecoms operator finished its exit from Russia in. October 2023 with the sale of Vimpelcom to senior members of the. local management team.
XEROX HOLDINGS
Printer maker Xerox Holdings said on in October 2023 it had. offered its operations in Russia to regional management for an. concealed sum.
YANDEX NV
Yandex, a Dutch-registered firm that runs an internet. search engine, finished its split in July, with a Russian. consortium of financiers buying the bulk of its companies in a. deal worth around $5.4 billion. ($ 1 = 0.9148 euros). ($ 1 = 97.5000 roubles). ($ 1 = 4.0323 zlotys)
(source: Reuters)