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Qatar Airways will operate flights to Europe from Doha as the air traffic remains shut
Qatar Airways will operate a few return flights from Doha, Qatar to Europe this Saturday. However, commercial flights are still suspended due to the U.S. and Israel war on Iran that has closed Qatari airspace. Since the conflict escalated last Thursday, these flights are the first state-owned airlines to leave Doha. They will fly to London, Paris?, Madrid?, Rome?, and Frankfurt. Commercial flights were suspended because of the closure of Qatari Airspace. There was also a lack of air traffic in much of the Gulf region. Dubai, which is the busiest international airport, has been largely closed for the seventh day running, the worst travel disruption since COVID-19. Air Canada announced that it has extended the cancellations of its Toronto-Tel Aviv flight until May 2, due to war. Qatar Civil Aviation Authority confirmed a safe operational corridor in a Saturday morning post on the social media platform X. The region's governments began?operating a repatriation flight on Wednesday in an effort to bring back tens and thousands of stranded citizens. Experts in the industry say that normal service will not be restored overnight, even if a ceasefire is declared immediately. Airlines still need to have time to reposition their aircraft, reassign the crew, rebuild schedules, and get clearance before they can resume safe flying. Airspace being severely restricted, airlines are forced to reroute their flights, carry more fuel or make extra refueling stops to protect against sudden diversions or long flight paths along safer corridors. COSTS SURGE FOR AIRLINES Airlines have begun to calculate the cost of the war as jet fuel prices are on the rise. The impact on bottom lines depends largely on how long the war continues. However, Delta Air CEO Scott Kirby stated that the "rising fuel price" will have a "meaningful effect" on its quarterly results. According to calculations, Delta and the three other major U.S. airlines could face an additional $5.8 billion in fuel costs if jet-fuel prices stay at this high level for the entire year. These carriers do not have insurance against fuel price spikes like their European counterparts. Donald Trump escalated the situation dramatically on Friday, demanding Iran's unconditional?surrender. These remarks could complicate a quick resolution to this conflict, which has disrupted global energy and commodities supplies and rattled the financial markets. Trump's remarks were made on social media only hours after Iran’s president announced unspecified countries began mediation efforts. (Reporting and editing by Parth Chandna)
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Panama Canal transit increased by 2.8% in January despite tensions
According to a report by the Panama Canal Authority, which was seen on Friday, there has been a 2.8% rise in vessel 'transits' in the first four months of the fiscal year. According to the report, most of the traffic increase was registered by tankers transporting energy products such as liquefied gas (LNG), dry bulk carriers and car carriers. This growth represents?114 more transits than the same period a previous year, to?a maximum of 4,156 vessels during the four-month span. The report states that the demand remained?solid?despite increased global trade volatility and new tariffs. The report said that "Tanker (transits)," a measure of the volume of goods transported, increased 11.2%. This was due to an increase in shipments from United States, due to a higher demand from South Korea, Mexico and Guatemala for fuels and Methanol, as a result from trade agreements and tariff reductions. Analysts predict that more vessels will be passing through Panama carrying U.S. LNG to reach?destinations? in Asia if the Strait of Hormuz?problems persist amid the U.S. - Iran conflict. This is already forcing vessel reroutes. The Panama Canal is "operating in a reliable and stable manner" despite geopolitical uncertainty, increasing steadily the number of transits daily and maintaining predictable service levels for our clients," it said. After the U.S. - Iran conflict, the authority didn't provide specific statistics but stated that it was monitoring maritime trade.
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Gol, a Brazilian airline, will launch new long-haul routes out of Rio using the A330.
Gol's Chief executive announced that the Brazilian airline will be using Rio de Janeiro's Galeao International Airport as its hub to receive the new Airbus A330 900 aircraft joining the fleet. Gol operated Boeing 737s exclusively until now. Celso Ferer, Gol's CEO, said that the new aircraft will be followed by a new route direct between Rio and New York beginning in July. He made this statement at an event in Galeao with Brazil's president Luiz inacio Lula. The firm released a statement later that said, "The merger between two 'key tourism and business centers in South and North America opens up a range of options and possibilities for customers throughout the continent." The airline will initially receive five A330-900s. These are wide-body aircraft that can fly routes up to 15 hours long. The company will gradually integrate the planes into its fleet between 2026-2027. Sources had told us earlier that Gol was going to announce 'Galeao Airport' as the hub of its new Airbus A330900. Ferrer stated that Gol will also offer direct flights from Rio to Paris, Lisbon and other European cities starting late this year. Sources said that Gol had sought slots in major European cities, such as Porto and London. However, not all of these will be destinations. (Reporting by Gabriel Araujo and Luciana Magalhaes in Sao Paulo, Rodrigo Viga Gaier in Rio de Janeiro; Editing by Deepa Babington)
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Pentagon and FAA will conduct tests on high-energy laser anti-drone system in New Mexico
The Pentagon announced on Friday that it would 'conduct tests with the Federal Aviation Administration in New Mexico this weekend of high-energy lasers used to combat threatening drones. The Pentagon stated that "this upcoming event will address FAA safety concerns, while gathering data on the material effects of lasers on aircraft surrogates. It will also validate the functionality and safety shutoff systems for automated safety, as well as inform analyses to ensure the safety of aircrews' eyes." On February 25, the U.S. Military erroneously shot down a government-owned drone using a laser-based system. The 'FAA expanded the area around Fort Hancock in Texas where flights were banned after the 'FAA announced on February 18 that it would halt all flights at the airport near El Paso for 10 days, only to reverse its decision and lift the order after eight hours. Bradbury, the U.S. deputy transportation secretary, said in an interview on Friday that the FAA must test the system to "get comfortable" with its limitations, and how it could be adjusted or controlled. Bradbury stated that the FAA was determined to create a framework so they are confident in the safety of the airspace with the system being used and won't need to sign-off on individual uses. Bradbury stated that they were working fast to complete the safety assessment. Bradbury said that both parties had a critical job to complete. After a classified briefing, lawmakers said that the incidents demonstrated a need for'significantly improved coordination. Ted Cruz, Chair of the Senate Commerce Committee, said: "It was clear that there were challenges when it came to operationalizing counter-drone technologies." (Reporting and editing by David Shepardson)
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US agency to insure maritime losses up to $20 billion in Gulf
U.S. International Development Finance Corporation announced on Friday that the U.S. would provide reinsurance for losses of up to $20 billion in the Gulf region. This will help oil and gas shipping companies maintain confidence during the war against Iran. The President Donald Trump ordered on Tuesday the DFC to provide financial guarantees and political risk insurance for maritime trade within the Gulf. This was after the transit of?oil tankers and liquefied gas tanks had come to a standstill in the Strait of Hormuz, which is located off Iran. DFC stated that the coverage would be rolled out and initially focused on cargo, hull and machinery insurance. DFC did not provide any details, but said that it would work with preferred American insurance companies. The U.S. Treasury Department, DFC and U.S. Central Command are working together to determine the next steps in the plan. The Strait has been largely blocked by oil shipments. Some tankers have been damaged?by strikes, while others are stranded. War-risk insurance premiums have increased and some providers have reduced or removed coverage. (Reporting and editing by Louise Heavens, Chizu Nomiyama and Chizu Nomiyama.
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Bloomberg News reports that Boeing is close to a 500-jet order with the Trump-Xi Summit.
Bloomberg 'News, citing sources familiar with the situation, reported that Boeing is close to announcing a 500 aircraft order for 737 Max Jets. This will be announced when U.S. president Donald Trump makes his first state visit to China in 2017. According to the report, both sides are in negotiations for a widebody deal that would include 'about 100 Boeing 787 Dreamliner and 777X jets. Boeing did not respond immediately to a comment request. In afternoon trading, shares of the company rose 3.7%. Trump will visit China between March 31 and April 2. Xi is expected to visit Washington in later this year. The move comes after Trump threatened to restrict the export of Boeing parts to China in response to Chinese restrictions on rare earth minerals. Beijing ordered Chinese airlines in April to stop temporarily?taking delivery of new Boeing 'jets during their clashes over trade with Trump. Following Trump's visits, the planemaker has also landed several major sales from foreign airlines.
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The Swedish Coast Guard boards a suspected stateless vessel in the Baltic Sea
The Swedish Coast Guard said that it had boarded a vessel suspected of being stateless in Swedish waters on Friday and was conducting 'investigations'. The Coast Guard said that it had boarded a vessel at 3:50 pm today with an unclear flag, and was therefore suspected to be a stateless boat. The Caffa ship was flying a Guinean flag but, based on international and national legislation, the coast guard deemed the vessel a stateless vessel. The Swedish police said the ship had been suspected of sailing under a false banner. Caffa, a general cargo vessel measuring 96 meters long, is tracked by the ship tracking service Marine Traffic. Carl-Oskar BOHLIN, Sweden's civil defence minister, stated in a blog post on X, that the ship 'was a cargo on Ukraine's sanction list' "The ownership structure of the vessel is unclear, and there is suspicion that it is not insured." Bohlin wrote that the ship was reported to have switched from a Russian flag to a Guinean one as recently as this summer. The Coast Guard said that it had launched a preliminary investigation regarding alleged violations of maritime law in relation to lack of seaworthiness. The Coast Guard will have personnel on board to collect information about the vessel's condition and the crew, conduct searches and interviews, it said. (Reporting and editing by Cynthia Osterman; Greta Rose Fondahn)
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US Customs Agency says system for refunding tariffs will be available in 45 days
A customs official stated in a Friday court filing that the U.S. Customs Agency is preparing a system to refund tariffs imposed by President Donald Trump, which were ruled illegal. Brandon Lord, a Customs and Border Protection officer, made the declaration as government lawyers and a federal trade court met to try and hammer out an agreement for the return of $166 billion worth of tariff payments to 330,000 importers. Last month, the Supreme Court ruled that President Donald Trump's tariffs were unconstitutional. The Supreme Court, however, did not specify how tariffs collected should be refunded. This left'small importers' worried that the process would be costly and time-consuming. Lord stated in his declaration that the new process would require importers to submit minimal information. This was just as the government lawyers were meeting with Judge Richard Eaton of the court. Eaton convened the meeting to discuss the process by which the government would implement its sweeping order, issued on Wednesday. The order directed the CBP that it refund tariffs to hundreds of thousands of potential importers through the existing internal CBP processes. Eaton stated in his order on Wednesday that he was?appointed by a trade court to hear approximately 2,000 lawsuits brought by importers, including FedEx and L'Oreal, seeking refunds. Trade lawyers claimed that these lawsuits were only the tip of a very large iceberg. They said thousands more would be prepared to sue in the future if the government did not develop an automatic refund system. On Friday, affiliates of Nintendo and CVS were the latest big companies to file for refunds. IMPORTERS GET A SINGLE PAYMENT Lord stated in a court filing that CBP expected importers file a declaration on the computer system ACE of the CBP detailing tariff payments. This declaration would be validated and then refunds with interest processed. Importers wouldn't have to sue. The Treasury Department would pay each importer a single amount, no matter how many separate entries they had made. Lord didn't estimate the time it would take for the refunds to be processed, but he said that the CBP wouldn't be able comply with Eaton’s order as of Wednesday. Eaton envisioned refunds being 'automatically returned to the importers using the existing system, without documentation or input by the importer. Lord explained that the existing system was not suitable for the task. It would require too much manual work, which would prevent the personnel from completing the mission of the agency. He said importers paid an estimated $166 Billion in tariffs for more than 53 Million shipments. Eaton's orders would have forced?the agency manually to review all paperwork for every shipment. Lord estimated that this would take more than 4,000,000 hours of labor. Lord's declaration indicated, however, that only a few importers were signed up to the CBP's electronic refund system. Lord said that out of the more than 330,000 importers, who paid illegal duties, only 21423, signed up for the electronic refunds system which was implemented on February 6. Eaton oversees a lawsuit filed by Atmus Filtration Inc., which is being used as a tool by the judge to order CBP refunds to all importers. (Reporting from Tom Hals, Wilmington, Delaware. Additional reporting by Luc Cohen and David Lawder in Washington. Editing by Deepa Babyington.)
US reactions to President Joe Biden's decision not to seek reelection
U.S. President Joe Biden on Sunday ended his reelection project. He said in a letter posted on social media platform X that he would stay in office until the end of his term and address the country later today on his choice.
Below are responses from political leaders, industry and advocacy groups and other observers.
VICE PRESIDENT KAMALA HARRIS
I am honored to have the president's endorsement and my intent is to earn and win this nomination, Harris stated in a. declaration. I will do whatever in my power to unite the. Democratic Celebration - and join our country - to defeat Donald Trump. and his severe Task 2025 agenda.
FORMER PRESIDENT DONALD TRUMP
In a phone call with CNN minutes after Biden revealed his. exit from the 2024 race, former President Trump reacted, He. is the worst president in the history of our country. He goes. down as the single worst president without a doubt in the history of our. nation. Trump also said he believed Vice President Kamala. Harris will be easier to defeat than Biden would have been,. according to CNN.
PREVIOUS PRESIDENT BARACK OBAMA
I likewise know Joe has never ever backed down from a fight. For him. to look at the political landscape and choose that he should. pass the torch to a brand-new candidate is certainly one of the toughest in. his life. However I know he wouldn't make this decision unless he. believed it was right for America, the former president said in. a statement. I have remarkable confidence that the leaders. of our party will have the ability to create a process from which an. exceptional nominee emerges.
CHUCK SCHUMER, SENATE MAJORITY LEADER
Joe Biden has not just been a great president and a fantastic. legal leader but he is a really amazing human. His. choice of course was hard, but he once again put his. country, his party, and our future first. Joe, today reveals you. are a true patriot and fantastic American, the Democrat said in a. statement.
ELISE STEFANIK, HOME REPUBLICAN CONFERENCE CHAIRWOMAN
If Joe Biden can't run for re-election, he is not able and. unsuited to work as President of the United States. He must. instantly resign, Stefanik said in a declaration.
INDEPENDENT GOVERNMENTAL CANDIDATE ROBERT F. KENNEDY JR.
I applaud President Biden for stepping down. His. imperfections appeared to any unbiased observer from the. starting. It was this progressive deterioration - and his. abandonment of Democratic Party principles - that prompted me to. go into the race and ensure American voters had a viable, energetic. alternative to Donald Trump, Kennedy stated in a post on X.
HAKEEM JEFFRIES, HOME DEMOCRATIC LEADER
America is a better location today since President Joe Biden. has actually led us with intelligence, grace and self-respect. We are forever. grateful, Jeffries said in a statement.
STEVE SCALISE, HOME BULK LEADER
Democrat party managers simply proved that they have definitely. no regard for their own voters. After lecturing others about. democracy, they simply forced Joe Biden off the ticket-- trashing. the primary option of 14 countless their own citizens, Scalise,. a Republican politician, stated on X.
CONGRESSIONAL BLACK CAUCUS POLITICAL ACTION COMMITTEE
Americans and democracy-loving people world owe Joe. Biden a financial obligation of thankfulness. The Congressional Black Caucus PAC. signs up with President Biden in totally supporting Kamala Harris as our. celebration's candidate, the company said in a declaration published to. X.
NANCY PELOSI, U.S. REPRESENTATIVE AND FORMER HOME SPEAKER
President Joe Biden is a patriotic American who has always. put our nation initially. His tradition of vision, worths and. management make him among the most consequential Presidents in. American history. With love and thankfulness to President Biden for. constantly believing in the promise of America and providing people the. opportunity to reach their satisfaction. God blessed America with. Joe Biden's achievement and goodness.
GAVIN NEWSOM, GOVERNOR OF CALIFORNIA
President Biden has been an extraordinary, history-making. president-- a leader who has actually combated hard for working individuals and. provided amazing results for all Americans. He will decrease. in history as one of the most impactful and selfless. presidents, Newsom posted on X.
NANETTE BARRAGÁN, CHAIR OF THE CONGRESSIONAL HISPANIC CAUCUS
I am with you @JoeBiden - I back @KamalaHarris as our. Democratic candidate & & will work relentlessly to make certain she is. chosen our next President in November, Barragán stated in a post. on X.
SOUTH CAROLINA DEMOCRATIC CONGRESSMAN JIM CLYBURN
I echo the good judgment [President Biden] shown. in selecting Vice President Harris to lead this country along with. him, and I am proud to follow his lead in assistance of her. candidateship to prosper him as the Democratic Celebration's 2024 nominee. for president, Clyburn said in a statement
ANDY BESHEAR, GUV OF KENTUCKY
Beshear, whose name has also been floated as a possible. contender as president or vice president, applauded Biden for. acting in the best interest of our nation, and our party and. for an effective presidency that got big, crucial things. done.
Now it is time for our nation to come together, he added. in his post on X.
PETER WELCH, U.S. SENATOR
Welch, the very first Democratic Senator to get in touch with Joe Biden to. drop his reelection run, on Sunday praised the president for. ending his mission, stating he showed profundity and excellent. humbleness and put the nation first.
It was a painful choice, Welch stated in an interview. with . Every fiber of his being wished to continue to. fight and to beat Trump again.
Welch decreased to back Harris, who he acknowledged was. the frontrunner to replace Biden.
The Democrats ought to have an open procedure so that whoever. our nominee is, consisting of Kamala, has the strength of having a. procedure that reveals the agreement position of the celebration, he. said.
BARBARA LEE, U.S. AGENT
Lee, a former chair of the Congressional Black Caucus, stated. in a phone interview there is no other choice but to choose. Harris as the party's candidate.
She is the best vice president, Lee said. She is. skilled, capable and smart. She has belonged of the. Biden-Harris tradition that requires to continue.
GRETCHEN WHITMER, GOVERNOR OF MICHIGAN
President Biden is a terrific public servant who knows much better. than anyone what it takes to defeat Donald Trump. His remarkable. work to lower prescription drug costs, fix the damn roads, bring. supply chains home, address environment modification, and guarantee America's. global leadership over years will decrease in history. My job. in this election will remain the same: doing everything I can to. choose Democrats and stop Donald Trump, a convicted felon whose. agenda of raising families' expenses, banning abortion across the country,. and abusing the power of the White Home to settle his own. scores is entirely wrong for Michigan, Whitmer said on X.
UNITED AUTOMOBILE WORKERS
Vice President Kamala Harris strolled the picket line with us. in 2019, and in addition to President Biden has actually brought work and. jobs back to communities like Lordstown, Ohio, and Belvidere,. Illinois. That's the tradition President Biden leaves and that's. the work we will continue to develop on as a union, the union. stated in a declaration.
COCK DURBIN, SENATOR AND BULK WHIP
Throughout his public profession, Joe Biden always put nation. first. His 4 years as President made it clear that he was. identified to put our country back on track and bring back the soul. of our country. America will be permanently grateful for all he has. given to this nation, Durbin published on X.
FORMER PRESIDENT COSTS CLINTON AND FORMER SECRETARY OF STATE. HILLARY CLINTON
We are honored to sign up with the President in backing Vice. President Harris and will do whatever we can to support her,. the Clintons stated in a statement.
(source: Reuters)