Latest News
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Qantas, the Australian airline, will no longer operate Jetstar Japan and instead focus on its domestic services
Qantas Airways announced?on?Tuesday that it would sell a stake in low-cost carrier Jetstar Japan so as to 'focus on its core domestic offerings, given the softer corporate demand for Qantas and increased fuel costs. Qantas, the Australian airline, has announced that it will sell its minority 33.32% stake in Jetstar Japan. Japan Airlines and Tokyo Century Corp. will retain their respective voting rights of 50% and 16.7%, and the Development Bank of Japan plans to become a shareholder. The decision to sell the stakes comes after Jetstar Asia, based in Singapore, closed in July. This will allow Qantas Australia to concentrate resources on their core operations, Qantas, and Jetstar Airways. It forecast that domestic unit revenue would grow at the lower end of its earlier projections, which ranged from 3% to 5%, for the six-month period ending December 2025. However, capacity was constrained due to delays in returning A380s to service. Qantas' shares were 0.7% higher at A$10.245 each, as of 0348 GMT. This was in line with the 0.7% rise in the benchmark ASX 200 index. (Reporting by Nichiket Sunil in Bengaluru; Editing by Subhranshu Sahu)
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The Moroccan energy ministry halts gas projects
The Moroccan energy ministry announced on Monday that it had suspended tenders for a LNG terminal in Nador West Med port on 'the Mediterranean coast and related 'gas pipeline projects. It did not give any details as to the reason for the suspension. The tender was for the construction of an LNG terminal at Nador West Med Port on?the Mediterranean Coast and a pipeline connecting it to an existing pipeline which allows Morocco to import LNG via Spanish?terminals to supply two power stations. The project also included a section which would?connect existing pipelines to industrial zones on the Atlantic coast?in Mohammedia, Kenitra and Kenitra. The ministry for energy transition and sustainable growth said that due to "new parameters and assumptions" related to the project, it has postponed the receipt of bids and opening of the applications received as of today. Morocco wants to increase its use of natural gases to diversify from coal. It is also accelerating its renewable energy plan. The goal is to have renewables account for 52% or more of installed capacity by 2030. According to estimates from the ministry, the country's demand for natural gas is expected to increase to 8 billion cubic meters in 2027. It currently stands at around 1 bcm. Reporting by Ahmed Eljechtimi, Editing by Jan Harvey and Lincoln Feast.
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S&P 500 closes higher; chipmakers, small caps and other stocks jump
The S&P 500 ended higher on Monday. Gains in chipmakers, and companies that are related to artificial-intelligence, as well as smaller?companies, were largely responsible for the increase. Russell 2000 index has jumped. The small-cap index is outperforming the S&P 500, Nasdaq and S&P 500 so far in 2026. Alphabet, Amazon and other companies have all risen ahead of their quarterly results this week. This will provide investors with a new glimpse into the race for AI dominance. After the bell, AI-related data company Palantir rose ahead of its quarterly reports. SanDisk Advanced Micro Devices Micron Technology and other chipmakers that benefit from AI-related demand also saw a rise in their stock prices. The S&P 500 gained for the first time in three sessions, following recent concerns about high valuations of tech companies whose stocks have surged in recent years?on optimism regarding AI. The S&P 500 will be up 2% by 2026, lagging behind the Russell 2000 which is expected to rise more than 6%. Gains in small cap stocks are often viewed by investors as a sign of economic confidence. The fundamentals are strong and earnings are high. "We have had positive surprises for both revenues and earnings, almost across the board," Tim Ghriskey said, senior portfolio analyst at Ingalls & Snyder, New York. According to LSEG, analysts expect 'S&P 500 companies' to have increased their earnings by nearly 11% during the December quarter. This is up from an estimated 9% growth at the beginning of January. Most of this growth is driven by technology-related companies. Walt Disney's shares fell, despite its quarterly earnings exceeding Wall Street expectations. The company warned that international visitors were declining to its U.S. parks and earnings in its TV and Film division had fallen. The preliminary data shows that the S&P 500 rose?37.25, or 0.54 percent, to 6,976.28. Meanwhile, the Nasdaq Composite rose 129.69, or 0.55 percent, to 23,591.51. The Dow Jones Industrial Average grew by 519.80, or 1.06% to 49,412.27. The PMI data revealed that U.S. factory activity grew in January for the first time since a year. The CBOE VIX (also known as Wall Street's fear gauge) dropped 1.3 points, to 16.2, after hitting a high of nearly two weeks earlier in the day. Oil prices dropped, and the S&P 500 Energy Sector Index fell. Donald Trump, the U.S. president, said that Iran is "seriously speaking" with Washington. This comment hints at a de-escalation of tensions and eases fears about supply disruptions. Low energy prices have boosted airline stocks. United Airlines, JetBlue, Delta Air Lines, and Southwest Airlines all rose. The House of Representatives has taken up legislation to end a partial shutdown that was entered on Saturday. A final vote is expected on Tuesday. Due to the partial government shutdown, the Bureau of Labor Statistics announced that the highly anticipated employment report for January will not be released this Friday.
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Small caps surge as S&P 500 reaches record highs
S&P 500 reached a record high on Monday. Gains by chipmakers and companies involved in artificial intelligence were largely responsible for this, but smaller companies rose as well. The Russell 2000 index rose 1.6%. Small-cap indexes have outperformed the S&P 500, Nasdaq and S&P 500 so far in 2026. Alphabet, Amazon and Microsoft each gained more than 1% in advance of their quarterly results due later this week. These reports will provide investors with a new look at the race for AI dominance. Palantir, a company that deals with AI-related data, rose 1.6% after the bell to its quarterly report. The chipmakers that benefit from the AI-related demand of their components have also seen a rise. SanDisk soared 15% while Advanced Micro Devices, Micron Technology and Micron Technology all added around 5%. The S&P 500 gained for the first time in three sessions, following recent concerns about high valuations of tech companies whose stocks have soared on optimism over?AI. The S&P 500 will be up about 2% by 2026. This is less than the Russell 2000, which has risen nearly 7%. Gains in small-cap stock are often viewed by investors as a reflection of confidence in the economy. The fundamentals are good, and earnings are strong. "We have had positive surprises for both revenues and earnings in New York," said Tim Ghriskey. According to LSEG, analysts expect S&P companies to have increased their earnings by nearly 11% during the December quarter. This is up from a?estimate at the beginning of January of around 9%. The majority of this growth is driven by technology-related companies. Walt Disney dropped 5.3% Monday after it Postings The company reported quarterly earnings that were above Wall Street's expectations, but warned about a drop in international visitors at its U.S. parks and a slump of earnings in its TV and Film division. The S&P was up by 0.70% to 6,987.77, setting the stage for a new record close. The Nasdaq rose 0.91%, to 23,674.32 point. The Dow Jones Industrial Average gained 1.04% to 49,403.02 point. The PMI data revealed that U.S. manufacturing activity increased for the first time since a year ago in January. The CBOE VIX (also known as Wall Street's fear gauge) dropped 1.3 points, to 16.2, after hitting a high of nearly two weeks earlier in the session. Oil prices dropped and the S&P 500 Energy Sector Index fell 1.4%. U.S. president Donald Trump said Iran is "seriously speaking" with Washington. This comment hinted at a de-escalation, and eased concerns about supply disruptions. Low energy prices have boosted airline shares. United Airlines, JetBlue, Delta Air Lines, and Southwest each rose between 4% to 7%. House of Representatives has taken up legislation to end a partial shutdown of the government entered on Saturday. A final vote is expected on Tuesday. The Bureau of Labor Statistics announced that the "closely-watched employment report" for January will not be released this Friday because of the partial government shutdown. The S&P 500 has a ratio of 1.3 to one between the number of rising and falling issues. The S&P 500 recorded 28 new highs, and 8 new lowers. The Nasdaq registered 139 highs, and 186 lows.
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The Moroccan energy ministry has put the gas pipeline project on hold
The Moroccan energy ministry announced on Monday that it had suspended a tender launched last month to build a gas pipeline, but did not provide any details as to the reasons. The tender was for the construction of a pipeline connecting a future terminal at the Nador West Med Port on the Mediterranean?to an existing pipe that allows Morocco to import?LNG via Spanish terminals?and supply two power plants? The section would also connect the existing pipe to industrial zones on the Atlantic, in Mohammedia and Kenitra. The ministry issued a statement saying that "due to new parameters and assumptions relating to this project...the ministry of energy transformation and sustainable development has postponed the receipt of applications as well as the opening of the bids received today." Morocco wants to increase its use of natural gas in order to diversify its energy mix and move away from coal. It is also accelerating its renewable energy plan which will see renewables account for 52% by 2030. According to estimates by the ministry, the country's gas demand is expected to increase to 8 billion cubic meters in 2027. It currently stands at around 1 bcm. Ahmed Eljechtimi, Jan Harvey (Editing)
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BAE workers in Northern England are planning a strike over wages, the union claims
A union representing workers at the British defence group BAE Systems, located in north-west England, announced on Monday that they plan to strike from February 2 until at least 20. The dispute is over pay and working conditions. Unite, the union, took this action in response to what it called "bad faith" negotiations on pay and conditions. The?company imposed the 3.6% pay deal in 2025 against their will, arguing that this was below inflation and represented a real pay cut. It said that more than 1,200 members of the company planned to participate in walkouts. BAE's spokesperson stated that the company has enhanced its pay and pensions. They described it as a "market-leading reward and pay", and said it was aimed at balancing their need to be competitive and affordable to customers. "We are committed to working in partnership with all of our trade union groups." "Our production lines are still operational, and we expect them to be so throughout this period," said the spokesperson. BAE, who employs around 50,000 people across 50 sites in UK, said it expected 200 of its employees to take part in the strike action, while another 1,000 could possibly take industrial actions short of a complete stoppage of work without a strike, according to its spokesperson. (Reporting and writing by Sam Tabahriti; editing by Michael Holden).
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Air India grounded Boeing Dreamliner after possible fuel control switch defect
Air India announced on Monday that it has grounded a Boeing Dreamliner aircraft after one of its pilots reported an alleged defect in the fuel control switch of the aircraft, which is currently at center of an investigation into a fatal air crash last summer. The airline didn't specify the nature or flight details. Two sources claim that the pilot reported the problem after landing in Bengaluru, a southern Indian city after departing from London. Air India announced that "after receiving this initial information we have ground?the aircraft", adding that they were in contact with Boeing "on priority basis". Boeing stated that it was supporting Air India. According to Flightradar24, the airline owns 33 Dreamliners. Fuel switches were at the heart of last year's crash of an Air India Dreamliner in Gujarat, which resulted in the deaths of 260 people. This led to a tightening of scrutiny on the airline. Fuel switches control the flow of fuel into an aircraft's engine. The fuel switches are used by the pilots to shut down engines on the ground, or manually restart or shut down engines in case of an engine failure during flight. Report on preliminary findings On the crash of last year, it was reported that the fuel cutoff switches on the engines had been flipped almost simultaneously, depriving them of fuel. Air India, owned by Tata Group and Singapore Airlines said it had notified India's aviation regulator of the latest incident. A spokesperson from the regulator didn't immediately respond to an inquiry for comment. Air India confirmed that it had tested the fuel control switches of all Boeing 787s in its fleet following a directive by the regulator last summer and found no problems. (Reporting and editing by Louise Heavens, Gareth Jones and Abhijith Ganapavaram)
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Video shows that IS militants with guns roamed the airport tarmac freely during Niger attack
SITE Intelligence Group's footage, which tracks jihadist activities worldwide, shows that Islamic State militants blew up explosives and ran amok among passenger planes in an attack on Niger's international airport. Washington has ordered non-emergency employees of the government and their families to leave 'Niger due to safety concerns. Abdourahamane Tiani, the military leader of Niger, accused France and the presidents Benin and Ivory Coast of being the sponsors of the attack without providing any evidence. The Benin government denied the allegations, and Ivory Coast summoned Nigerien Ambassador Tiani to condemn his comments. Gunfire and loud blasts were heard throughout the airport on Wednesday night, before the calm returned to the area Thursday morning. UAV AND HELICOPTER? IN FLAMES SITE released footage on Sunday showing militants firing weapons from a motorbike and on foot near aircraft hangars and passenger planes. They also set off an explosive near an unmanned aerial system (UAV) or a helicopter, which were then shown in flames. The video "shows IS terrorists speaking Kanuri, which is a language that's more commonly spoken in the Lake Chad Basin," said Ladd serwat, senior Africa analyst at U.S. Crisis-monitoring Group?ACLED. The attack may have been carried out by more experienced drone operators of the Islamic State West Africa Province. ASKY Airlines, a pan-African airline, said that two of its aircraft suffered minor damage when parked on the tarmac. Air Cote d'Ivoire, the national airline of Ivory Coast, said that an Airbus A319 had been damaged on its right wing and fuselage. The incident took place outside of normal operating hours, and neither company reported any injuries to passengers or crew. Niger reported that it had killed 20 attackers including a French citizen, and injured 11 others. Islamic State has not provided any figures. Niger has, along with its Sahel neighbours Mali, Burkina Faso and Mali, struggled to contain the attacks of jihadists linked to al Qaeda or Islamic State, which have killed thousands in these three countries and displaced millions. (Written by Robbie Corey Boulet; edited by Bate Felix & Mark Heinrich)
US communities fight back against encroaching warehouses of e-commerce
During the pandemic, warehouse construction boomed.
The 'Indirect Source Rules' are gaining renewed interest
Local pollution can be addressed by ISRs
By Carey L. Biron
She said that since the pandemic everyone has started to order more, referring the boom in online retail. "We started seeing more trucks arrive and these warehouses start to rise."
Jenkins stated that there are now half a dozen e-commerce stores in the densely-populated neighborhoods of Red Hook, including across the street from schools and parks.
"These warehouses were built without consultation with residents" "They just appeared overnight", said Jenkins, the communications manager of Red Hook Initiative, an?local?nonprofit.
Amazon's spokesperson revealed that the company is working on a plan to introduce 100,000 electric delivery vehicles over a period of time. In 2024, they will begin testing a brand new model of ebikes in Brooklyn.
FedEx and UPS, two major transport companies, did not respond when asked for comments.
Other cities are also seeing similar trends as the companies delivering goods that people increasingly purchase online move their hubs nearer to or in the middle of populated areas.
This has led officials in New York City and State, as well as many other states, look at an obscure regulatory mechanism called an "indirect-source rule" to address residents' concerns, especially about pollution.
Sam Becker, project manager at Environmental Defense Fund, a research group and advocacy group, said that such rules or ISRs have only been used in a few cases, but they are a powerful way to address very localized “pollution hotspots”.
This is especially important as President Donald Trump's government weakens environmental regulations to combat pollution in low-income communities and reduces clean vehicle standards.
Becker explained that the system allows for local air pollution reductions to be achieved by facilities like warehouses which generate large volumes of traffic.
CALIFORNIA ROOTS
A report by the Environmental Defense Fund last year found that revenue from ecommerce in the United States has roughly doubled over the past half-decade.
It was estimated that in a sample of 10 states, 15?million residents now live within half a mile of a large storage facility, and minority communities bear the brunt for public health risks such as increased air pollution.
The report revealed that in New York, new ecommerce warehouses are responsible for around 260,000 diesel trucks trips per day.
Local policymakers are unable to address the growing concerns of residents.
The law does not provide many ways to deal with pollution that is indirectly related, such as the delivery trucks.
Ports, rail hubs and airports have all been the subject of similar concerns.
In Los Angeles, an ISR aimed at reducing?air pollution by 15% was launched in 2021.
Now, it is the basis of new or revised regulations in New York, New Jersey and other states, including California, Illinois, New York, and others.
Brennon Mendez is an environmental law fellow and professor at UCLA School of Law. He says that ISRs have been available for a while, but are still underutilized in many air districts throughout California.
He said that regulators were fighting air pollution with "one hand tied behind theirback" because of what he called the "pollution-magnets", like long lines for large trucks parked at ports.
He said that many people were looking at what they could do on a state and local basis to promote environmental causes, despite the federal government’s anti-environment agenda.
"So, it's very important to convey that the current state of law is on the side ISRs."
California truckers are pushing back against the new rules. They warn of high costs for compliance and point out that warehouses have already reduced emissions.
In November, the regulators approved a deal with two major Californian cities for them to develop plans of zero-emission infrastructure in their facilities.
These rules also guide new investments in cleaner cars.
Sam Wilson, senior analyst at the Union of Concerned Scientists, stated that between 2021 and 2023, the warehouses affected by the new rule will see their use of solar power grow from 3 gigawatts to 85 gigawatts.
He said that as the Trump administration ends its electric vehicle programs, ISRs are a great way to continue decarbonizing the nation's transportation network. The country is still heavily reliant on trucks.
"It is the seed that is planted which can influence wider electricification."
NEW YORK'S NEXT WAVE
New York, inspired by communities like Red Hook, is now leading the way in possible ISR expansions. Proposals are being discussed both at city and state levels.
In an email, Marcela Mitaynes of the New York State Assembly said that "the Trump Administration made it a top priority to cut key environmental protections with a special eye on weakening?standards for vehicles emissions".
She wrote: "These standards are weakening at a time we see an explosion in the number of last-mile storage facilities in New York City, putting the health and safety of all New Yorkers in danger."
She said that nearly two-fifths of New York City residents live within half a mile of a warehouse. A disproportionately large number of them are low-income and Black or Hispanic.
Mitaynes sponsors the Clean Deliveries Act of the state, which requires warehouse operators to reduce associated air pollution.
Local warehouse zoning laws date back to the 1960s when policymakers were more concerned with bakeries and a few trucks that came each day. Kevin Garcia, senior transportation planner at NYC Environmental Justice Alliance (a nonprofit), said this.
This meant that developers could build new ecommerce warehouses without many reviews during the pandemic.
Garcia stated that "communities were only just beginning to notice these new warehouses."
Mitaynes, Garcia and others began a campaign in October to increase public support for the Clean Deliveries Act.
(source: Reuters)