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Middle East flights suspended by airlines

Israel's attacks against Iran has prompted international carriers to stop flights to certain Middle East destinations because of airspace closures and safety issues. The conflict has entered a new phase after the U.S. invasion on Iranian nuclear sites Some airlines have cancelled flights to hubs such as Dubai is Qatar's Doha. Here are some airlines that have canceled flights from and to the region. AIRBALTIC AirBaltic, a Latvian airline, announced that it had cancelled all flights from and to Tel Aviv up until September 30. AEROFLOT Aeroflot, a Russian airline, has announced that it has cancelled flights between Moscow &...

Passenger Transportation Services

After the US strike on Iran, airlines are re-evaluating Middle East cancellations

Commercial airlines in the world weighed how long they would suspend Middle East flights on Monday as the conflict, which had already cut off many major flight routes, entered a new stage after the U.S. launched an attack against key Iranian nuclear sites. Tehran also vowed that it would defend itself. Since Israel's strikes against Iran began on June 13, the airspace that stretches from Iran, Iraq and the Mediterranean Sea has been virtually empty. Airlines have diverted, cancelled and delayed flights due to safety concerns and airspace closures. The aviation industry's concern about the region has escalated with the...

Passenger Transportation Services

After US strikes on Iran, airlines are re-evaluating Middle East cancellations

Commercial airlines in the United States and around the world were debating Monday how long they would suspend flights to the Middle East after the U.S. attacked Iran. Singapore Airlines, a major airline in Asia, called the situation "fluid", cancelling flights to Dubai after a security evaluation. Flight tracking website FlightRadar24 shows that there is no space in Iran, Iraq or Syria, and the Middle East route is now more important than ever for flights between Europe, Asia and Russia. Air France KLM announced on Sunday that they had cancelled all flights from and to Dubai and Riyadh for Sunday...

Passenger Transportation Services

Elon Musk announces Tesla robotaxis launch in Austin

Tesla released a small fleet of self-driving cabs to pick up paying passengers in Austin, Texas on Sunday. Elon Musk announced the "robotaxi release" and social media influencers posted videos of their initial rides. Musk described the moment as the "culmination" of a "decade of hard work," in a Facebook post. He also noted that the "AI chip and software teams at Tesla were built from the ground up." One Tesla was spotted in South Congress, a neighborhood in Austin early on Sunday with only one passenger in the car. Automaker planned small test with 10 vehicles, and riders in...

Passenger Transportation Services

Minister says Turkey hopes to hold 5G auction in August

The Turkish transport and infrastructure ministry said that it hoped to conduct a 5G network tender in August. It also stated that mobile communication services were expected to begin next year. In an Istanbul press briefing, Minister Abdulkadir Uraloglu said: "I believe we will conduct this tender in August, if there aren't any issues." He added: "Instead covering the whole country in the first phase, I believe we will cover the densely-populated provinces (first), and roll out this gradual process within the program, as was the case with 4.5G." Uraloglu, when asked about the impact of the conflict between Israel...

Passenger Transportation Services

After the US attack on Iran, airlines continue to avoid Middle East airspace

FlightRadar24 reports that airlines continued to avoid the Middle East after the U.S. strike on Iranian nuclear sites on Sunday. Traffic in the area was already skirting the airspace due to recent missile interchanges. FlightRadar24 posted on the social media platform X that "Following US strikes on Iranian nuclear sites, commercial traffic is operating in the region as it has been since new airspace restriction were put in place last week," The website of the company showed that airlines did not fly in airspace above Iran, Iraq and Syria. The airlines have chosen to fly via other routes, such as...

Passenger Transportation Services

After the US attack on Iran, airlines continue to avoid Middle East airspace

FlightRadar24 reports that airlines continued to avoid the Middle East after the U.S. strike on Iranian nuclear sites on Sunday. Traffic in the area was already avoiding the airspace due to recent missile attacks. FlightRadar24 posted on the social media platform X that "following US attacks on Iranian nucleonic facilities, commercial traffic is operating in the same way as before new airspace restrictions took place last week," The website of the company showed that airlines did not fly in the airspace above Iran, Iraq and Syria. The airlines have chosen to fly via other routes, such as the north via...

Passenger Transportation Services

Air India is warned by India's watchdog for violating the pilots' duty hours

According to the government directives that were reviewed on Saturday, India's aviation regulator has warned Air India about "repeated serious violations" in relation to pilot duty schedules and oversight. Air India was ordered by the Directorate General of Civil Aviation to remove three executives from their crew scheduling roles – a divisional Vice President, a Chief Manager of Crew Scheduling and a Planning Executive – for lapses related to flights between Bengaluru and London on May 16-17 that exceeded the pilot flight limit of 10 hour. The order of June 20 cited "systemic failings in scheduling protocols and oversights", and...

Passenger Transportation Services

Gold to lose a weekly loss as US delays decision on Middle East involvement

Gold prices were stable on Friday, and are expected to fall by a significant amount this week after U.S. president Donald Trump deferred a decision about entering the Israel-Iran war. As of 1742 GMT, spot gold was unchanged at $3,368.68 per ounce as of 0142 EDT. This is its lowest price since June 12. The index fell 1.8% in the past week. U.S. Gold Futures closed 0.7% lower at $3,385.70. Gold is stable as Trump reverses his stance on an "imminent" attack on Iran. Tai Wong, a metals trader, said that for the moment it appears all the bad information...

Passenger Transportation Services

Gold to lose a weekly loss as US delays decision on Middle East involvement

Gold prices remained steady on Friday, and are expected to fall by a significant amount this week after U.S. president Donald Trump deferred a decision about entering the Israel-Iran war. As of 10:17 am EDT (1417 GMT), spot gold was unchanged at $3,372.81 per ounce. This is its lowest price since June 12. The index fell for the second consecutive week, falling 1.8%. U.S. Gold Futures fell 0.6% to $3388.90. Gold is stable as Trump reverses his stance on an "imminent" attack on Iran. Tai Wong, a metals trader, said that for the moment it appears all the bad information...

Passenger Transportation Services

As US rate cuts expectations decline, gold is poised to have its worst week in over a month

The gold price fell on Friday, and was on track for its worst weekly performance for more than a week after the Federal Reserve moderated expectations for rate reductions and temporarily eased concerns over an imminent U.S. strike on Iran. As of 0851 GMT spot gold was down 0.6% at $3,350.66 per ounce and 2.4% on the week. U.S. Gold Futures fell 1.2% to $3366.30. The dollar has gained 0.5% this week, and is on track to make its largest weekly gain in more than a month. This makes gold more expensive for those who hold other currencies. The White...

Passenger Transportation Services

After Israel's attack on Iran, airlines suspend flights

International airlines have stopped flights to certain Middle East destinations following Israel's attacks against Iran. Here are some airlines that have cancelled flights from and to the region. AEGEAN AIRLINES Aegean Airlines, a Greek airline, has cancelled all flights from and to Tel Aviv, including the early morning flight of July 12. It also cancelled all flights from and to Beirut, Amman and Erbil, up until the morning arrivals on June 28. AIRBALTIC AirBaltic, a Latvian airline, has announced that it will cancel all flights from and to Tel Aviv up until September 30. AEROFLOT After Israel's attack on Iran,...

Ground Transportation

Ground Transportation

As inventories shrink, premiums for copper contracts on the nearby LME soar.

The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...

Ground Transportation

The Greek Parliament approves an investigation into the former Transport Minister over a deadly train accident?

The Greek parliament voted Thursday to create a committee that will conduct an investigation on a former minister of transport who was in charge of the railways before the country's biggest train accident ever, which occurred in 2023. Kostas Karamanlis is the second official in the conservative government led by Kyriakos Mitsotakis who will face an investigation for the tragedy that killed 57. Many Greeks see the crash as a sign of the neglect shown by the government over the years and the failure to address safety issues. In a secret ballot conducted early on Thursday morning, 154 legislators voted...

Ground Transportation

Keep your distance from Iran when passing through the Hormuz Strait

Shipping sources reported on Wednesday that commercial ships were sailing near Oman, and maritime agencies are advising them to avoid Iran's water around the Strait of Hormuz. The conflict between Israel, and Iran is at risk of escalating. Iran has threatened in the past to close down the Strait of Hormuz in response to Western pressure. The closure of the Strait of Hormuz could affect trade and global oil prices. Ships sailing to Hormuz have taken the latest precaution to reduce risks. They are now sailing near the coast of Oman for most of their journey. The Gulf of Oman...

Passenger Ground & Sea Transportation