Latest News
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Cebu Pacific expands holiday flights with Bulgaria Air
Cebu Pacific, the Philippine budget airline, announced a partnership on Friday with Bulgaria Air. The agreement will last until December 2025 or January 2026. Cebu Pacific announced that two Airbus A320ceos will be used on four routes within the Philippines, from Manila to Cebu and Davao. Cebu Pacific is providing the cabin crews. Bulgaria Air will supply the aircraft, pilots and maintenance, while Cebu Pacific provides insurance. Cebu Pacific's CEO Mike Szucs stated at a press briefing that by increasing flight frequency, deploying widebody planes and enhancing our fleet with a damp lease from Bulgaria Air, Cebu Pacific was strategically positioned to capture the peak travel season and sustain its growth momentum through the holiday seasons. From January to September, the airline reported carrying nearly 20 million passengers. This is a 13.9% rise from a year ago. The airline said that its domestic passenger number grew by 12.7%, to 14.9 millions. Meanwhile, the number of international travelers rose 17.7%, to 5.1million. Cebu Pacific announced in May that it would lease to Saudi budget airline flyadeal two Airbus A320 aircraft to generate revenue during low season. (Reporting and editing by Thomas Derpinghaus; Xinghui KOK)
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The death toll from the Vietnam floods has risen to 13 with 11 other missing
As the flood waters began to recede, residents of Hoi An in central Vietnam started cleaning up. In the last few days, floods triggered by unprecedented rainfall levels have inundated a wide swath in central Vietnam. The former imperial capital Hue as well as Hoi An were the hardest hit. Images circulated on state media showing that the floodwaters were still covering much of both locations, with many houses being submerged to their roofs. Vietnam is susceptible to violent storms, which can be deadly. Flooding and storms are also common in Vietnam. This causes widespread damage to property. Floodwaters began to recede in Hoi An on Friday. The ancient town, which is well preserved, was once a busy Southeast Asian trading hub from the 15th century to the 19th century. Tran Van Tien told Hoi An residents that he had seen floods before, but this was the worst he'd ever seen. The majority of tourists have cancelled hotel reservations for Hoi An. Last year, the city received over 4.4 million tourists, including almost 3.6 million tourists from abroad. Nguyen Thuy, hotel manager whose hotel is closed since Monday, said that floodwater rose too rapidly, causing property damage. In a recent report, the government disaster agency stated that 11 people were also missing. The floods inundated over 116,000 homes and 5,000 acres of crops. They also damaged roads and rails, cutting traffic and power to several areas. According to the report, heavy rains are expected to continue throughout central Vietnam. Daily rainfall in some areas will exceed 500 millimetres from early Friday to late Saturday. Thuy stated, "I hope floods don't occur again because we all depend on tourism in this area." Reporting by Thinh Vu and Khanh Vu, Hanoi. Editing by David Stanway.
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The death toll from the Vietnam floods has risen to 13 with 11 other missing
The government announced on Friday that the death toll in the central Vietnam floods has reached 13, and 11 other people are still missing. In the last few days, floods triggered from record rainfall levels have inundated a wide swath of Central Vietnam. The former imperial capital Hue as well as the ancient town Hoi An were the worst affected. Images circulated on state media showing that the floodwaters were still covering much of both locations, with many houses being submerged to their roofs. Vietnam is susceptible to violent storms, which can be deadly. Flooding and storms are also common in Vietnam. This causes widespread damage to property. In a recent report, the government disaster agency stated that floods had also inundated over 116,000 homes and 5,000 acres of crops. They have also damaged roads and rails, causing traffic to be disrupted and electricity to be cut off in many areas. According to a report, heavy rains are expected to continue throughout central Vietnam. Daily rainfall in some areas will exceed 500 millimetres from early Friday to late Saturday.
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Xi will meet with Canadian and Japanese leaders following Trump's trade truce
Xi Jinping, the Chinese president, will be at the forefront of an annual gathering in South Korea of Pacific Rim Leaders on Friday. He will hold talks with his Canadian and Japanese counterparts following a fragile truce reached with U.S. Donald Trump. This agreement, reached just before Trump left South Korea and skipped the two-day Asia-Pacific Economic Cooperation Summit, will suspend any further restrictions on China's rare earth exports, which threatened to clog global supply chains. The APEC meetings in Gyeongju, a historic city, this year focused on strengthening supply chains. The 21-member club's goal is to reduce barriers to trade and investment and encourage cooperation. However, decisions taken at meetings are not binding and consensus has become increasingly difficult. XI MEETS JAPAN'S NEW HAWKISH LEADER Xi is now expected to have his first meeting with Japan's newly-elected leader Sanae Takayichi. Although relations between the two historic rivals are on a better footing, Takaichi’s elevation as Japan’s first female president may strain ties because of her nationalistic views. Her first act since taking office last Monday was to speed up a military buildup aimed at defending Japan's island from a China that is becoming more assertive. Japan is also home to the largest concentration of U.S. forces abroad. The agenda is likely to include sensitive topics such as the detention of Japanese citizens in China, and Beijing's restrictions on Japanese beef and seafood imports. CANADA WANTS TO RESTART CHINA ENGAGEMENT His office announced that Canadian Prime Minister Mark Carney would meet Xi Jinping on Thursday, April 4, at 4:00 p.m. local (0700 GMT). The meeting is intended to restart a broad engagement with China following years of bad relations. Canada, embroiled in an intense trade war with the United States, its largest trading partner is looking to find new markets and wean itself from this overwhelming dependence. China is Canada's largest trading partner. Canada's security agencies concluded that China had interfered with at least two federal election under the leadership of Justin Trudeau's predecessor, Carney. Xi publicly scolded Trudeau for leaking their conversations to the media. China announced preliminary antidumping duties on Canadian Canola imports, one year after Canada announced it would levy 100% tariffs on the imports of Chinese Electric Vehicles. Both sides' senior officials met earlier this month to discuss these issues, but there was no sign of a breakthrough. BESSENT STANDS UP FOR TRUMP Scott Bessent, U.S. Treasury secretary, will be acting in place of Trump at the opening session, when South Korean Premier Lee Jae Myung is hosting a discussion about "restoring the desire to cooperate in Asia-Pacific". Cho Hyun, South Korean Foreign Ministry, said that even though negotiations are still ongoing on a statement for the ministerial summit itself he is hopeful that it will be adopted along with a declaration from the leaders when the summit concludes Saturday. He told a press briefing that "we are very close." Two diplomats from APEC members nations privately expressed skepticism about the substance of any statement, given the fractures in world politics. APEC did not adopt a joint statement in 2018 or 2019 during Trump's presidency. Nvidia CEO Jensen Huang is scheduled to speak this afternoon at a parallel gathering of executives to the APEC Summit. The week has been a whirlwind for Huang, as Nvidia became the first company in the world to reach a valuation of $5 trillion. However, the sale of AI chips by the U.S. chipmaker to China seemed to be left out of the Xi-Trump Summit on Thursday. (Reporting from Jihoon Lee in Gyeongju, Ju-min Park in Seoul and Eduardo Baptista at the Xi-Trump summit; Writing by John Geddie with editing by Michael Perry.)
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Bloomberg News: Air India wants $1.14 billion from SIA and Tata to survive, reports Bloomberg
Bloomberg News reported that Air India was seeking financial support of at least 100 billion rupees (about $1.14 billion) from its owners, Singapore Airlines and Tata sons. The report cited people who were familiar with the situation. This follows the deadly Air India crash that claimed more than 240 lives in June, plunging it into its worst crisis. It also complicates its efforts to restore its reputation as well as modernize its fleet. Reports said that the Tata Group's carrier, Air India, is seeking funds to revamp its systems and services and develop in-house engineering departments and maintenance departments. Bloomberg stated that any financial support will be proportional to the ownership. The owners can decide whether the funding is an interest-free equity loan or a loan. Tata Group owns 74.9% of Air India, the airline it bought in 2022. Singapore Airlines holds the remaining 25%. The report could not be verified immediately. Air India, Singapore Airlines, and Tata Sons have not responded to requests for comment. Air India's CEO pledged to improve internal practices earlier this week. ($1 = 87.8950 Indian Rupees) (Reporting and editing by Rashmi aich and Alan Barona in Bengaluru)
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JetBlue flight diverted to Tampa after flight problem, reported injuries
JetBlue Airways Flight 93, which was en route to New Jersey from Cancun in Mexico on Thursday, diverted after a flight-control issue. Some passengers were injured, according to the Federal Aviation Administration. JetBlue Flight 1230, an Airbus 320, departed Cancun International Airport and was heading to New Jersey's Newark Liberty International Airport at the time of its landing around 2:19 p.m. ET at Tampa, Florida. The FAA is conducting an investigation. JetBlue reported that the aircraft dropped in altitude. "Medical personnel evaluated passengers and crew members, and those who needed additional care were taken to a nearby hospital." The airline has not yet revealed how many people have been injured. The airline has announced that it will investigate the incident thoroughly to find out what happened. JetBlue stated that "the safety of our passengers and crew members is our top priority and we will support those involved." (Reporting and editing by Diane Craft, Leslie Adler, and David Shepardson)
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FAA delays flights at Dallas, DC Airports due to air traffic staffing
As the government shutdown enters its 30th day, the U.S. Federal Aviation Administration has been delaying flights in Ronald Reagan Washington National Airport as well as Dallas Fort Worth International Airport because of staffing problems. Staffing problems are expected to cause delays in Orlando. The FAA reported that flight delays at Reagan were on average 91 minutes and at Dallas 21 minutes. The government shutdown has resulted in tens of thousands flights being delayed or cancelled. The FAA issued a groundstop for Reagan Airport earlier on Thursday due to staffing issues. In the northeast of the United States, bad weather also delays flights. Over 13,000 air traffic control officers and 50,000 Transportation Security Administration agents are working without pay. Sean Duffy, Transportation Secretary, said that air traffic controllers' absences were responsible for 44% of Sunday delays and 24% of Monday delays. This is compared to an average of 5% before the shutdown. Even before the shutdown, many air traffic controllers were working six-day weekends and mandatory overtime. Reporting by David Shepardson, Doina chiacu and Andrea Ricci; editing by Katharine Ricci and Andrea Jackson
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The demand for sanctions is greater than the supply of uranium
The differentials between Brent and Urals crude were unchanged on Thursday, despite a relatively quiet trading session. Western sanctions also weighed heavily on the demand for Russian grades of crude oil. Traders said that buyers of Russian oil from China, India, and Turkey had studied the new restrictions imposed by US, EU, and UK. Traders said that some of them had already looked for alternatives to oil grades on the market. According to traders and a report reviewed on Thursday, Indian Oil, the state-run refiner, is looking to buy more crude oil from Americas. Mangalore Refinery and Petrochemicals has purchased Abu Dhabi crude oil to replace Russian oil. PLATTS WINDOW On Thursday, there were no bids or offers reported for Urals BTC, CPC Blend or Azeri BTC crudes in the Platts window. * Lukoil announced on Thursday that it accepted an offer by global commodity trader Gunvor for its foreign assets. Russia's second largest oil company wants to sell these assets after Washington imposed sanctions against it last week. Reporting by
What is the issue in US discussions with Ukraine and Russia
U.S. officials will meet with negotiators in Saudi Arabia from Ukraine and Russia to discuss details of the proposed 30-day ceasefire for strikes on energy infrastructure as well as an overall peace agreement. Negotiators from Russia and Ukraine will not be present in the same meeting room. On Sunday night, officials from Kyiv will meet with the U.S. delegation in Riyadh. Then, on Monday, the Russian and U.S. negotiators will meet. Last week, U.S. president Donald Trump met with Russian President Vladimir Putin as well as Ukrainian President Volodymyr Zelenskiy in order to promote his efforts to end the three year war in Ukraine. Here are some issues that Russia and the U.S. are currently discussing:
ENDING ATTACKS ENERGY INFRASSTRUCTURE
According to the White House, Trump and Putin agreed last week that "the movement towards peace will begin", with a 30 day pause on attacks against Russian and Ukrainian energy installations.
The ceasefire, which was narrowly defined, has been cast into doubt. Moscow claims that Ukraine struck an oil depot in southern Russia, while Kyiv says Russia struck hospitals, homes and knocked power out to some railways.
Zelenskiy stated that Kyiv will draw up a listing of facilities which could be included in the partial ceasefire. He said that the list could not only include energy infrastructure but also rail or port infrastructure. A moratorium on energy-infrastructure strikes may favour Moscow over Kyiv. This is because it will prevent Ukraine from launching long-range attacks on Russian oil installations, which has been a major way to inflict pain on its adversary.
NUCLEAR POWER PLANTS
In a U.S. press release, Trump said that during his phone call with Zelenskiy, he had suggested the U.S. might help manage, and even own, Ukraine's energy infrastructure and nuclear power plants.
Zelenskiy stated that he and Trump had discussed the Russian-occupied Zaporizhzhia plant in Ukraine, Europe’s largest nuclear facility. Russia and Ukraine both accuse each other of putting the nuclear plant at risk by their actions.
Zelenskiy stated that Kyiv was ready to discuss U.S. participation in modernizing the facility if it returned to Ukraine.
Ukraine will benefit long-term from regaining the control of this facility that generated 20% of all its power production before the war.
Zelenskiy warned that it would take at least two and a quarter years to bring the plant up and running due to the numerous technical problems it faces. According to industry sources, it would take huge amounts of investment.
BLACK SEA SHIPPING The Kremlin stated that Putin had "responded in a constructive manner" to a Trump proposal on protecting Black Sea Shipping and they have agreed to start negotiations.
The United Nations and Turkey helped to mediate a deal in July 2022, the so-called Black Sea Grain Initiative. This allowed for the safe exportation of 33 million metric tonnes of Ukrainian grain across Black Sea despite war.
After a year of protesting that the exports of its food and fertilizer were severely hindered, Russia resigned from the agreement.
According to the World Bank's Global Commodities Outlook for April 2024, despite Black Sea shipping risk, both Russia & Ukraine shipped grain to global markets with no major issues. The World Bank also stated that the Black Sea Grain Initiative collapse had minimal consequences.
PRISONER EXCHANGES Russia & Ukraine each exchanged 175 prisoners-of-war on Wednesday. Russia also handed over 22 severely wounded Ukrainian prisoners as part of a gesture of goodwill, according to the Russian Defence Ministry.
Zelenskiy said that the exchange was one of the biggest of its kind, and the 22 Ukrainians who were involved in it were "severely injured warriors" and people whom Russia had persecuted because of fabricated crimes.
NATO MEMBERSHIP
Putin wants Ukraine to drop its official ambitions to join NATO.
In its constitution, Ukraine states that joining NATO is a priority and that this would be the most effective and efficient form of security that it could receive as part a peace agreement. John Coale said last month that the United States has not ruled out a potential NATO membership for Ukraine, or a negotiated re-entry to Ukraine's pre-2014 border. This contradicted comments made by Pete Hegseth, the U.S. defense secretary, a day before.
Hegseth told Ukraine's allies in Brussels that a return to Ukraine’s borders prior to 2014 was unrealistic, and that the U.S. didn't see NATO membership as part of a resolution to the war. This sparked concerns that the U.S. made concessions before the talks began.
Trump said that he did not believe Russia "would allow" Ukraine to join NATO. Trump has blamed Joe Biden, his predecessor for pushing this idea. However, it was originally backed by Republican president George W. Bush back in 2008.
UKRAINE POST-WAR SECURITY
Ukraine wants guarantees about its security in the future, but this is at odds with what Kremlin demands.
Kyiv, and its European backers, agree that the key to Kyiv's security is an unfettered Ukrainian army. Moscow has said that a reduced military in Ukraine is one of the conditions for a peace agreement. Britain and France have a plan for a deterrent force made up of foreign ships, planes and troops that will be stationed in or around Ukraine following the signing of a peace agreement. The details of the force's operation and its members are still unclear.
Some Russian officials, however, have stated that they would not be able to accept such a force.
WESTERN SANCTIONES, ELECTIONS Putin said that he wanted the Western sanctions to be eased as well as a presidential vote in Ukraine.
Kyiv is yet to hold any elections in 2019 due to the martial law that governs wartime. Ukrainian officials say that it would be impossible to hold elections during the war.
Officials in Ukraine say that they are a sovereign country and it's not Moscow’s place to tell them when their elections will be held.
Biden led the United States in broad sanctions against Russia. These steps include measures to limit its oil and natural gas revenues. They also include a $60 cap per barrel for Russia's oil. Sources say that since Trump returned to power, he has studied ways to ease sanctions in exchange for Moscow ending the conflict. Trump also hinted at the possibility of large-scale tariffs and banking restrictions on Russia until peace was achieved.
RUSSIAN HOLDED TERRITORY
Russia wants control of all four eastern Ukrainian regions that it claims as its own. It also wants the Crimean Peninsula, which it annexed and seized in 2014. Unnamed sources at a private business meeting with Putin in Moscow on Tuesday told Russia's Kommersant that Putin wants the U.S. formally to recognise Luhansk and Donetsk as part of Russia, along with Crimea.
Ukraine has already acknowledged that it is not possible to recapture some of the occupied Ukrainian territories by force, and that they will need to be returned diplomatically in due course. Kyiv, however, says that it will not recognise Russian sovereignty on Ukrainian territory.
On Sunday, Trump's National security adviser Mike Waltz answered a question about whether the U.S. was willing to accept a deal that allowed Russia to retain Ukrainian territory. He replied:
We must ask: Is it in our national interests? Is this realistic? "Are we going to force every Russian from every inch of Ukrainian territory?"
UKRAINIAN RESOURCES Kyiv has been in talks with Washington about a deal that would give the United States a financial reward for the development of Ukrainian resources, namely rare earths which are used to make electronics. The deal fell apart after the disastrous White House meeting that took place between Trump and Zelenskiy towards the end of the last month. Trump announced on March 21 that a rare earths deal would be signed in the near future. The White House may be interested in Ukraine's infrastructure for gas beyond that deal. Ukraine has the third largest underground storage capacity in the world. The country could import liquefied gas from the United States and store it before shipping it to Europe.
(source: Reuters)