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Passenger describes panic aboard plane that crashed landed in Somalia
A 70-year old passenger described the horror and panic that was felt on board the plane before it made a dramatic 'landing' in knee-deep water. All crew members?and passengers were unharmed. Starsky Aviation's?Fokker50? suffered an unspecified problem shortly after takeoff Tuesday. The plane was forced to return Mogadishu’s Aden Adde International Airport where it skidded of the runway and only came to a halt near the seashore. Social media showed pictures of passengers walking out of the plane in shallow water, after the pilot had urged them to do so in the event of a fire. Somali Civil Aviation Authority reported that all?55 passengers were transported to a hospital nearby for medical care and evaluation. The airline praised the pilot for his quick-thinking and?for staying calm. Mohamed Hussein Odowa, a passenger on the flight, said that it had only been a few moments since the plane took off when the captain informed the passengers the flight was returning to the airport because of unspecified defects. He recalled that the crew of the plane told passengers to "stay calm and tighten your belts." He said that as the engines began to sputter terrified passengers started reading the Quran. He said, "It landed on the runway, but then sped up madly, and we understood that the pilot couldn't stop the plane because he had no brake control." The aircraft continued to fly even as one of its wings hit a hillock. It finally stopped at the'seashore. Odowa stated that the plane had stopped in the ocean, at knee-deep water. The two doors were opened. The pilot shouted "Get out fast... "I was one of the 'oldest passengers, but I found myself outside with my bag. Thank God." The Civil Aviation Authority did not provide any further information on the cause of this incident. (Reporting and writing by AbdiSheikh; Writing and editing by Vincent Mumo Nzilani, Aidan Lewis; Ammu Kanampilly)
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Website shows that US firm behind defunct Gaza aid program recruits new officers
According to job postings on the company's website, the U.S. firm that sent armed veterans to Gaza to protect aid sites operated by a now-defunct operation wants to hire Arabic-speaking contractors who have combat experience. UG 'Solutions of North Carolina, which last year provided security to the U.S. and Israeli-backed 'Gaza Humanitarian Foundation, didn't immediately respond to a?request? for comment about its new job postings or whether it planned new Gaza operations or other security operations in the region. The GHF was closed down in October following a ceasefire agreement between Israel and Hamas. It had been criticized by the United Nations and international organizations for the deaths of hundreds Palestinians who tried to reach the GHF's aid sites. The GHF bypassed both the U.N., and established aid agencies in Gaza to distribute the food at locations that were mostly far from the majority of the population as well as near Israeli forces. UG Solutions supplied security contractors for the GHF to guard the aid transport and distribution. The GHF failed to respond to an email sent to its media contact asking for a comment. It consistently defended its approach to security throughout the months that it operated in Gaza. The violence that occurred during GHF distributions in the enclave last year could make Palestinians worry about the return of UG Solutions. Amjad Al-Shawa, the head of the Palestinian NGOs Network which works with U.N. agencies and international humanitarian organizations, said: "The GHF, and those who support it, have Palestinian blood on our hands. They are not welcome to come back to Gaza." "GO-TO SECURITY FIRMS" When the GHF closed, UG Solutions claimed it remained "the security firm of choice to assist those who are focused on rebuilding or delivering aid", as envisioned in U.S. president Donald Trump's plan for ending?the war. A job posted on the website of the company, International Humanitarian Security Officers, would include "securing critical infrastructure, facilitating humanitarian efforts, and ensuring stabilty in a dynamic atmosphere". The preferred credentials include "small arms weapons". A second position, which is only open to female candidates, would be for a Cultural Assistant who could ensure "safety, effectiveness, and culturally appropriate distribution of aid". In both listings, UG Solutions seeks to hire multiple officers. However, it does not specify how many. Both lists Arabic as a desired qualification. For the security officer position, four years or more of active deployment is a preferred qualification. Gaza was not mentioned in the job descriptions. UG Solutions is not publicly associated with any other Arabic-speaking countries except Gaza. TRUMP PLAN Trump's plan to rebuild Gaza includes a massive increase in humanitarian assistance, Israel withdrawing after Hamas has laid down its weapons, and the area being rebuilt under the supervision of an "Board of Peace", led by the U.S. president. Next week, the Board will hold a meeting at?Washington that is expected to?serve in part as a fundraising event. These funds will be used to pay for the plan that Jared Kushner, Trump's son in law, has envisioned, which would rebuild Gaza in stages. The first stage would begin in Rafah, a southern region under Israeli military control. GHF set up three of their four aid sites in Rafah, which attracted Palestinians who were desperate for food. Gaza health officials claim that Israeli forces have killed hundreds of Palestinians who were trying to reach GHF aid sites. The United Nations also said the operations were dangerous and violated humanitarian principles which require aid distribution to be done safely. Israel's military has admitted that "some Palestinians" were injured, but did not specify how many. The Israeli military says that its soldiers fired to quell immediate threats and control crowds. It changed procedures after the incidents. UG Solutions has at least 15 positions available in its defence division. These include the International Humanitarian Security Officer, and the Cultural Support Officer. The work locations of those roles are marked as "Worldwide". Travel is required for the other 13 roles. Reporting by Pesha Magd in Jerusalem, with additional reporting from Nidal al Mughrabi in Gaza. Editing by Rami AYYUB)
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Lufthansa: Thursday's pilots strike was an unnecessary escalation
Lufthansa, Germany's largest airline company, has criticised unions for the planned walkout on Thursday. It said its core airline "has no financial flexibility" to meet these demands. The 'all-day-strike' could affect up to tens thousands of passengers. It is an indication of Lufthansa’s long-simmering conflict with unions as it strives to reduce costs and become more profitable. Michael Niggemann, the head of human resources at Niggemann Group, said that the escalation was unnecessary and that conflicts could only be resolved by talking. Niggemann criticized the demands around the airline's brand as excessive, saying that it "simply does not have any?financial flexibility". In a dispute about pensions, the German pilots union?VC called a 24-hour walkout on Thursday for Lufthansa’s main airline and Lufthansa cargo. In a ballot held last year, union members said they were ready to strike to pressurize Lufthansa to grant more generous retirement benefits. The talks have resumed, but they are intermittent and without results. VC stated in a'statement' that the pilots strike?will _affect? all flights leaving German airports Thursday. Separately the UFO union, which represents?flight attendants at Lufthansa CityLine, called for its members to go on strike?on?Thursday over the planned'shutdown' of the flight operations and the "employer's refusal to negotiate an collective social plan".
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Three people are killed in attacks on Indonesia's Papua, including a plane and a Freeport convoy
Authorities reported that three?people died and several were injured in shootings 'in two areas of Indonesian's easternmost region, Papua. This included?near operations of Freeport - Indonesia, a gold & copper miner. Police spokesman Cahyo Sukanrito?said that the pilot and copilot of a Smart Air small commercial plane were killed when assailants fired on it as it landed on Korowai Airport in Boven Digoel province, South Papua, on Wednesday. In addition to the pilots, there were 13 other passengers on board. He said that when the shooting began, both the pilots as well as the passengers fled the plane into a nearby forest. Both the pilot and copilot died, but none of the passengers were hurt. Cahyo replied that it was unclear if Papuan rebel 'groups' were suspected. Smart Air did not respond to an inquiry for comment. Separately the Indonesian military reported that the Free Papua Movement, a rebel group, attacked a convoy belonging to PT Freeport Indonesia (part of U.S. mining company Freeport-McMoRan Inc), killing a soldier, and injuring an officer and a Freeport worker. Freeport Indonesia reported that the attack occurred on the main road leading to the mining city of Tembagapura on Wednesday afternoon, prompting a temporary closure of the area. Sebby Sambom, the spokesperson for the rebel group, said that both attacks were carried out by them. Sambom stated that the plane was shot at and the pilot killed because it was a regular carrier of Indonesian security forces in Papua. He didn't provide any details on the motive behind the attack against Freeport convoy. Since 1969, when the United Nations supervised a vote that brought Papua under Indonesian rule, a low-level conflict has erupted between the security forces and separatists. Independence supporters continue to dispute that process. (Reporting and editing by John Mair; Ros Russell, Mark Heinrich, and Mark Heinrich.)
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Maguire: Low snow cover in Europe leads to higher gas consumption.
The European appetite for natural gas could grow more than expected in this year, after a lack of snow cover across mountainous regions reduced the potential for hydropower production. The amount of snow in Italy and Austria has been well below average so far in 2026. This has led to a sharp drop in the fuel source for hydropower plants. Local utilities use natural gas plants to compensate for the decline in power generated by hydro dams. Hydro dams are the main source of power in Austria, and the second most important form of dispatchable energy in Italy. According to LSEG, the gas-fired electricity output in Italy is up 24% and in Austria by 17% compared to where it was at this time in 2025. Power firms are likely to maintain the current level of gas production if snow accumulation continues below historical averages. This will further reduce regional gas stocks, which have already reached multi-year lows. The prospect of increased gas demand in Europe is a boon for major LNG exporters such as the U.S. The upbeat outlook for gas could be shattered if regional snows or?rains are expected to fall in the next few weeks. East-West DIVIDE Recent maps of Europe's snow cover - or the lack thereof – highlight the severity of the shortage in certain areas. Most of Western and Southern Europe, including the areas hosting the Winter Olympics, does not have enough snow. Ski resorts are able to create artificial snow for the Olympics. However, if utilities are looking to manage power flow, they can only rely on real snow to act as a storage reservoir for future hydropower generation during the winter. Then the runoff from the melting snow will be channeled into rivers and dams in order to generate electricity. LSEG data show that Italy's hydro power production from run-of river dams is down 22% compared to a year ago and the lowest year-to date since at least 2023. LSEG also has a sluggish forecast for the future of hydro production. The estimated output is projected to be 13% lower than its long-term average through April. Austria's projected shortfall will be even greater, with production expected to fall by around 40% compared to the long-term norm. The forecasts for the larger Danube Catchment Area - which spans southern Germany, Hungary and Romania – are in line with long-term averages despite the subpar readings this year. GAS CRUTCH Austrian and Italian utilities are used to patchy hydro-generation and have relied heavily on gas plants to fill in any gaps. Utility companies in Turkey follow similar trends for power generation, with periods when gas-fired electricity is produced coinciding to those of low-hydro production. As regional gas inventories are already at a multi-year low, power companies across Europe could start to see a trend in the price of replacement 'gas supplies as storage farms, utility networks, and gas exporters control system throughput. Prices for regional benchmark natural gas are now well above what they were in 2025. The average price per megawatt-hour (MWh) has been around 34 euros so far this year, compared to around 27 euros/MWh?in December of last year. Price increases could also be expected if the U.S. or any other supplier disrupts the LNG export flow from the U.S. Gas inflation can cause utilities to lose money and increase energy bills. If snowfall is scarce in key hydro markets then power firms may be forced to pay for gas to keep the lights on during winter and spring. These are the opinions of the columnist, an author for. You like this article? Check it out Open Interest Follow ROI on Twitter for the latest global financial news. Follow ROI on You can find us on LinkedIn. Listen to the song Morning Bid daily podcast Spotify Or the . Subscribe to the podcast and hear journalists discussing the latest news in finance and markets 7 days a weeks.
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Bombardier wins $1.18 billion order for business jets from Vista Global
Bombardier Canada announced on Wednesday that Dubai's Vista Global, a?private jet provider based in Dubai, has placed an order for 40 Challenger 3500 business jets worth $1.18 billion. Bombardier stated that the order includes a?option for an additional 120 aircraft, which would bring a total value of 160 planes to approximately $4.72 billion. The deal is part of a sustained 'demand for private flying', which has swollen the?order books of business jet manufacturers. The Challenger 3500, an upscaled version of Bombardier's Challenger 350 Business Jet that seats up to ten passengers, is a variant of the Challenger 350. Bombardier is considering increasing production of private aircraft after reporting a 11% increase in revenue for the third quarter in November last year. The demand for jet aftermarket services is also increasing, which has led to an expansion of service in the U.S. Shares of the Montreal-based firm have increased by?over 211% over the past year. Bombardier was recently criticized by Donald Trump for threatening to decertify their business jets. This is due to Ottawa's long-term?certification? of jets manufactured by U.S. competitor Gulfstream. The dispute appears to be over, as the head of U.S. Federal Aviation Administration said on Tuesday that he expected Canada to certify a few Gulfstream business 'jets which had been delayed by years. Reporting by Devika nair in Bengaluru, and Dan Catchpole from Seattle. Editing by Mrigank dhaniwala.
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Indian court jails journalist in Adani Group defamation case
A court in India has sentenced an Indian journalist to a year's imprisonment for his posts on social media about the Adani Group. The court said that the posts were?unverified, defamatory, and painted the group in a negative light. Adani Enterprises led by billionaire Gautam Adani filed a case against India journalist Ravi Nair at a Gujarat district court in 2021, accusing him for making statements that suggested "political.. patronage... financial irregularities and unethical.. conduct", according to an order.. seen on Tuesday. The court's order stated that "no documentary material, official records, or verified data have been produced" to support the serious allegations against the company. Nair said he would appeal the conviction, but declined to provide further comment. The Adani Group did not respond immediately to a comment request. The court noted that Nair's attorney argued the posts are based on?publicly available material and represent fair criticism and comment. India is one of the few countries that still has criminal defamation as part of its legal system. The maximum sentence is two years. The law was criticized by lawyers, journalists, and activists, and even had a legal challenge rejected in 2016 before India's highest court. The Committee to Protect Journalists, a press freedom group, said that it was "deeply concerned" by the verdict. The statement was made on X. (Reporting and editing by Aditya K. Kalra, Kim Coghill and Arpan Chaturvedi)
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Nine people are killed by tropical cyclone Gezani that slammed into Madagascar
Authorities reported that Tropical Cyclone Gezani, which swept across Madagascar's eastern coast, killed?nine in the?second largest city of the Indian Ocean island country, leaving a 'trail of destruction'. Madagascar's disaster management office said 19 people were injured and that nearly 1,500 residents had been evacuated in an area around Toamasina, a port city. Gezani ravaged coastal communities then swept inland. Residents of Toamasina and the surrounding area described scenes of chaos when the cyclone hit land. Harimanga Ranaivo said, "I've never seen winds so violent. The doors and windows made of metal are being violently shaken." According to the UN's humanitarian office, it was the second cyclone that hit Madagascar in the past year. Ten days earlier, tropical cyclone Fytia had killed 14 people and forced over 31,000 others from their homes. Gezani's peak winds were 185 km/h (115 miles per hour), with gusts reaching nearly 270 km/h. This was powerful enough to tear metal sheets from roofs and uproot trees. Before the arrival of the cyclone, officials closed?schools. They also rushed to set up emergency shelters. Madagascar's National Bureau for Risk and Disaster Management warned that rising sea levels in Toamasina had already flooded streets. The?pressure from the?winds caused homes to collapse, roofs torn off, walls to crumble, and entire neighbourhoods plunged into darkness when power lines snapped. Madagascar's Meteorological Service reported that by?Wednesday, Gezani was downgraded to a moderate tropical depression and moved inland westward, approximately 100 km north-west of the capital, Antananarivo. The service stated that "Gezani" will move out into the Mozambique Channel tonight or this evening after crossing the central highlands today from east to west. (Reporting and writing by Lovasoa Rabary; Editing and proofreading by Ros Russell).
Chinese courier firm BingEx valued at almost $1.2 bln in US IPO
China's BingEx said on Friday it had raised $66 million in its U.S. going public valuing the courier delivery company at $1.17 billion, signaling a recovery in financiers' risk hunger and easing regulatory obstacles.
The company, which brands its services as FlashEx, sold 4 million American depositary shares (ADS) in the offering priced at $16.50 each. It had actually intended to offer shares at a variety in between $ 15 and $17.
The IPO bodes well for the broader market which had been depressed for nearly 2 years due to higher-for-longer interest rates and chaos in the stock markets.
The current searing rally in equities and the start of the U.S. Federal Reserve's monetary policy reducing cycle has actually raised sentiment. Experts expect cravings for riskier investments will continue to enhance next year, increasing the IPO market meaningfully in 2025.
BingEx ran in 295 Chinese cities with more than 2.7 million registered riders, as of June 30. It controlled 33.9% of the country's independent on-demand devoted carrier service market, the business said in its IPO prospectus pointing out information from iResearch.
The variety of Chinese companies that have actually pursued stock market flotations in the United States has dropped in the past few years, after Beijing secured down on overseas capital raising in 2021.
EV maker Zeekr's launching on the New York Stock Exchange earlier this year was the first huge listing by a Chinese business in the U.S. since ride-hailing huge Didi Global was forced to delist its shares in late 2021 following a backlash from Chinese regulators.
BingEx's ADS are expected to begin trading on the Nasdaq under the ticker symbol FLX in the future Friday.
Deutsche Bank Securities, CICC and CLSA are the lead underwriters for the offering.
(source: Reuters)