Latest News
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US traffic fatalities fell by 8.2% in the first half of 2025 - lowest number since 2020
Officials announced on Tuesday that the number of traffic fatalities in the United States has fallen by 8.2% since the beginning of 2020. According to the National Highway Traffic Safety Administration, 17,140 people died in car crashes between June 30 and July 31, down from 18,680 during the same period last year. The number of road deaths in the United States increased dramatically during the COVID pandemic 2020 and continued to rise for many years, prompting calls for action. The first half of this year saw the lowest fatality rate since 2014. NHTSA Chief Counsel Peter Simshauser stated that the preliminary numbers are encouraging. These numbers, even though we are seeing progress, are still too high. We remain committed to reducing traffic deaths even further. In 2024, traffic deaths dropped by 3.8% to below 40,000, the lowest level since 2020. Experts said that as the roads in the United States became less congested during this pandemic, some drivers perceived police to be less likely than usual to issue tickets. This led them into more risky driving. Experts said that some drivers also drove more dangerously when they were impaired by alcohol and drugs taken at home. The U.S. death rate was much higher during the pandemic than other developed countries. The Congress has approved $5 billion in five-year installments as part of the $1 trillion infrastructure law for 2021 to address road safety. U.S. traffic fatalities Jumped 10.8% in 2021 The number of pedestrians and cyclists killed on American roads has risen to the highest level in more than four decades. The number of pedestrians and cyclists who were killed on American roadways has risen to its highest level in over four decades. In 2023, a NHTSA report found that crashes cost the taxpayers directly $30 billion and society in general $340 billion. The total cost of crashes to society was $1.37 trillion, or 1.6% of the U.S. economy. (Reporting and editing by Chris Reese, Richard Chang, and David Shepardson)
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Trump names board to mediate New York rail dispute
On Tuesday, President Donald Trump signed an executive directive to create an emergency board that will conduct mediation in order to prevent a strike at the Long Island Rail Road. The rail road serves more than 300,000 passengers each day. Five unions claimed to have asked Trump for intervention on Monday. The unions threatened to strike the New York commuter railroad this week. A spokesperson for the White House said that Trump had acted on the unions' requests "to bring both parties back to the negotiation table and prevent an strike which could have crippled New York City and disrupted upcoming Ryder Cup in Long Island." The union leaders stated that the White House Board would be appointed and a 120-day period would begin during which it would make its recommendation. During this time, no work stoppages could take place. The White House can name a second panel with a cooling off period up to May 2026 if no agreement is reached. The White House stated that the National Mediation Board, which consists of two Democrats and one Republican, voted in August to release MTA and LIRR workers unions from negotiation. This opened the door for a possible strike. This action does not mean that a strike will never happen. Gil Lang, the general chairman of BLET's LIRR Engineers, said that it is unlikely to happen in the near future. The LIRR is the largest commuter rail system in the U.S. The New York Metropolitan Transportation Authority (MTA) criticized unions on Monday. If these unions really wanted to protect riders, they would settle or agree to binding arbitral... This cynical delaying serves no one." New York Governor Kathy Hochul says both sides need to resume talks. She said, "There's a fair deal on the table and I have instructed the MTA that they are ready to negotiate anywhere, anytime." Both sides must continue to negotiate and work around the clock until it is resolved. (Reporting and editing by David Shepardson)
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Drone attacks on Russia could lead to a reduction in oil production, as Russia's output is expected to remain stable.
Industry sources say that the differential between Urals crude and Brent crude dated Tuesday remained unchanged, but Russia is on its way to cutting oil production due to drone strikes. Transneft, the monopoly Russian oil pipeline company, has warned that oil producers may be forced to reduce oil production following Ukraine's drone strikes on key export ports and refineries. Oil prices rose by over $1 a barrel Tuesday as traders assessed the risk that Russian oil supplies could be disrupted if Ukrainian drones attack its ports and refineries. They also awaited Federal Reserve's interest rate decision. PLATTS WINDOW On Tuesday, there were no bids or offers made on Urals, Azeri BTC Blend or CPC blend in the Platts Window. Ship tracking data from LSEG/Kpler revealed that the sanctioned tanker Spartan discharged Russian crude at India's Mundra Port despite a restriction by Adani Group to the entry of ships on the blacklist at the terminal. Data released on Tuesday showed that Kazakhstan's condensate production rose 13.6% from January to August 2025. Richard Chang (Reporting)
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Administrator says construction of the LPG pipeline under the Panama Canal could begin in 2027.
The Panama Canal's head said that construction of a pipeline for moving liquefied gas (LPG), across Panama, could begin in 2027. The Canal Chief Ricaurte Vasquez stated that initial bidder interest could be received as early as the first quarter next year. The process will continue until 2026. He said that the canal was looking at the pipeline for moving U.S. LPG bound to Asia from one end of the canal the other. Vasquez estimated that the total investment for completing a "corridor" of energy, which would include pipeline segments for moving different types gas, ranges between $4 billion to $8 billion. After the expansion of its territory in a Supreme Court ruling The waterway offers different projects to companies so that it can provide more services to its clients. Vasquez's presentation showed that the pipeline would, once operational, represent a boost to Panama's GDP of 3.6%. (Reporting and writing by Elida Moreno; Editing and proofreading by Marguerita Chy)
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United Airlines CEO rejects bid for Spirit Airlines
Scott Kirby, CEO of United Airlines, said that his company will not bid on the assets of bankrupt Spirit Airlines if those assets become available. Spirit Airlines filed for bankruptcy last month, for the second consecutive year. A previous restructuring failed to improve its financial standing. Discount carrier will be restructuring its fleet and network, which could lead to a number of assets being offered for sale by competitors. Kirby said that Spirit's aircraft, slots, and routes just "don't work" with the Chicago-based carrier. United Airlines would be "unpractical" if it took two to three year to reconfigure Spirit's fleet. He added that there were not enough gates in key Spirit markets, such as Fort Lauderdale, Florida. Kirby stated in an interview that "it's not our wheelhouse." "We're not going try to do this." Reporting by Doyinsola Oladipo, writing by Rajesh Kumar Singh and editing by Chizu Nomiyama.
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India's Dreamfolks stop domestic airport lounge service
Dreamfolks Services announced on Tuesday that it has discontinued its airport lounge service in India. However, the company's other domestic services, as well as global lounge business, will continue to operate as normal. The company did not provide any further details, but said that the move would have an impact. Dreamfolks began to face challenges when airport operators decided to directly offer lounge access. In August, three of the company's customers -- Encalm Hospitality Adani Digital, and Semolina Kitchens - had been notified that they were going to be unable to continue their business. They would terminate their contracts It is also expanding its focus on the global lounge business. Dreamfolks announced earlier in July that it would be discontinuing some programs for Axis Bank clients and ICICI Bank customers. Dreamfolks said on Tuesday that its contracts with customers are active, and that there are ongoing discussions to explore alternatives services for clients. In 2025, its shares will be down by 65%.
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The U.S. restores Hungary to full status under the visa waiver program
Trump's administration announced on Tuesday that the United States had fully restored Hungary’s status as a visa-free country after the Hungarian Government took steps to address its security vulnerabilities. This decision is one the first tangible evidences of improved relations between President Donald Trump and the Hungarian government. Hungarian Prime Minster Viktor Orban is a long-time Trump ally. Visa Waiver Program allows citizens of about 40 countries to visit the United States without a Visa for a stay up to 90 Days. In 2021, U.S. Homeland Security Department revoked all electronic approvals already issued to Hungarian passport holders who were born outside Hungary, and continued to reject new applications from Hungarian applicants. The Biden Administration reduced, in August 2023 the validity period of Hungarian travellers from two to one year. They also limited electronic approvals to only one use. The restrictions placed by the previous administration on Tuesday have been lifted, DHS stated. "Now that Hungary has taken the actions requested by the U.S. Government to address security weaknesses, the restrictions imposed from the previous administration are no longer in place," DHS added. Orban and Trump may have a good personal relationship, but the relations between their countries are not free of friction. Orban's country, which is a member of the European Union, had hoped to have a broad-ranging Economic agreement It has yet to materialize. The U.S. On July 27, a framework agreement that imposed a 15 percent import tariff on the majority of EU goods was signed, averting an even bigger trade war. The deal was not without its flaws. Hungary, because its auto exports had previously been subject to a 2.5% tariff. Hungary is also heavily dependent on Russian crude and gas supplies. Trump's policies are not helping. Pressuring The EU should accelerate its efforts to stop all energy imports coming from Russia. Orban's antiimmigration policy has also earned the admiration of MAGA circles within the United States. Orban welcomed Trump's earlier decision to close USAID, which is the U.S. main foreign aid agency.
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Sources say that the Permian pipelines of Plains All American in Texas are facing quality problems.
Plains All American crude oil pipelines connecting the Permian basin to Corpus Christi's export hub, Texas, are experiencing quality problems due to high levels of mercaptans or naturally occurring sulfur compounds. This is according to sources who have been familiar with this matter, and an official notice. Plains, which has pipelines along the Gulf Coast, will begin charging a fee of a half dollar per barrel that does not meet the mercaptan specification. This is according to an notice sent to shippers and two sources. Sources requested anonymity in order to discuss confidential data. Plains didn't immediately respond to our request for comment. One source said that the quality issues may force Gulf Coast refiners to look for alternatives, particularly those in South Texas' Corpus Christi area, in order to obtain Midland crude oil from the Permian, which is delivered via the affected Plains pipelines. Plains is still trying identify the source of the contamination. It is therefore too early to say if this will have an impact on U.S. crude oil exports. According to the port website, Corpus Christi exports over 2 million barrels per day of crude oil. Plains has interests in several long-haul oil pipelines, which move roughly 2.1 million barrels per day (bpd) of crude out of the Permian basin to Corpus Christi, and then to Cushing, Oklahoma, the storage hub. Shariq Khan and Nicole Jao reported; Emelia Sithole Matarise, Liz Hampton, and Franklin Paul edited.
Boeing agrees deal to buy Spirit Aero for over $4 billion - sources
Boeing agreed on Sunday to obtain Spirit AeroSystems for more than $4. billion, 2 people knowledgeable about the matter stated, ending months. of talks over a deal the U.S. planemaker hopes will assist ease a. spiralling safety crisis.
Boeing will pay $37.25 per share for Spirit Aero, in an. all-stock offer, the two individuals stated. The boards of Boeing and. Spirit met on Sunday and consented to terms, and an official. announcement is most likely early on Monday, they stated.
The acquisition worths Spirit at around $4.7 billion,. according to among the sources.
The offer, which undergoes regulatory approvals,. would result in the break up of Spirit, with a few of the. Kansas-based provider's assets going to French planemaker Jet .
Airbus, Spirit and Boeing declined to comment.
Boeing is attempting to move past a year of problems. triggered by a Jan. 5 mid-air blowout of a door plug on a new 737. MAX 9 jet that exposed myriad safety and quality problems. Those. problems have resulted in a significant slowdown in output at Boeing -. rippling across the worldwide industrial aviation market.
Spirit, the producer of the door plug, was spun off. from Boeing in 2005 in one of a series of moves that critics say. were emblematic of a concentrate on cost-cutting over quality.
Boeing made the decision to redeem Spirit in the. consequences of the Jan. 5 event, which happened on an Alaska. Airlines-operated flight, as part of an effort to reform. its security issues and fortify its production line.
The regards to a parallel offer for Spirit to offer its. Europe-focused operations to Plane were not immediately clear.
Individuals familiar stated both deals were set to be announced. in tandem early Monday. The twin moves total up to a. transatlantic separation of the world's biggest independent. aerostructures maker, which has branched off to make parts for. Jet and others considering that being spun off by Boeing nearly two. years earlier.
PRODUCTION CAP
Following the January incident, the Federal Aviation. Administration enforced a cap on production of Boeing's. best-selling MAX jets, and U.S. Department of Justice officials. are threatening criminal prosecution if they determine the. planemaker broke a contract following the fatal MAX crashes. in 2018 and 2019.
Buying Spirit Aero will not right away deal with Boeing's. issues. The renowned U.S. company has been losing market share to. Airbus for several years, and it is still dealing with the after-effects of. twin crashes that eliminated almost 350 individuals and forced a. grounding of the 737 MAX.
Those crashes resulted in the consultation of existing CEO Dave. Calhoun, who was generated to deal with the issues at the. manufacturer, however who will leave later this year with the. business under greater regulative examination and with a reputation. that has actually taken a beating.
U.S. senators on June 18
sharply slammed Calhoun
for the planemaker's security issues and consistently. questioned him about his wage. Some airlines have actually vented their. disappointment with Boeing publicly and independently due to delivery. hold-ups and the business's ongoing concerns.
Boeing recently submitted a thorough plan to the FAA. resolving systemic quality-control issues at the business.
(source: Reuters)