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Saluda Medical shares plummet on Australian market debut
Saluda Medical shares listed on the Australian Securities Exchange fell nearly 45% in their debut at the Australian Securities Exchange on Friday after raising A$231,000,000 ($152.67,000,000) through its initial public offer. Saluda is a U.S. medical device company that develops neuromodulation treatments to treat chronic neurological conditions. The company sold 87.1 new CHESS depositary interests at A$2.65, which valued the company at approximately A$775 millions at listing. In the first few trading minutes, the stock fell almost half its value to A$1.48. Saluda was founded in Sydney, Australia in 2010. The FDA-approved Evoke Spinal Cord Stimulation (SCS) System is a closed-loop system that uses neural biomarkers to measure and adapt therapy in real-time. Saluda made its debut after GemLife Communities Group IPO of A$750 Million in early July. This was the largest 2025 listing in Australia and surpassed Virgin Australia's A$685 Million offering at the end of June. (1 Australian dollar = 1.5131 dollars) (Reporting and editing by Alan Barona in Bengaluru)
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Irish media reported that drones were spotted near Zelenskiy's flight path from Dublin.
Local media reported that an Irish navy ship saw up to five drones near the flight path for Ukrainian President Volodymyr Zelenskiy as he arrived in Ireland on Monday to make a state visit. Irish Times reported that the sighting caused a major alert due to fears of an attempted interference with the flight path. The Irish Times cited unnamed sources who said that the aircraft was not in danger, despite its arrival a little early. The Ukrainian delegation arrived on Monday late and left late the following day, as part of an effort to drum up support for Kyiv in Europe as Russia continues its war against Ukraine. Ukrainian media reported that Dmytro Litvyn was an adviser to Zelenskiy. He said that Ukrainian officials had been informed of the drones but took no action. Lytvyn is quoted as saying "The host country is responsible for the security." According to their data there were drones. However, this did not impact the visit. There was no need to change the visit. Recent drone flights originating from unknown origins have disrupted airspace operations across Europe. Ursula von der Leyen, President of the European Commission, has called these incursions hybrid warfare. The Journal website first reported that drones were spotted at Dublin Airport. They said they arrived at the exact location where Zelenskiy’s plane had been expected to be, at the exact time it was due to pass. The authorities said they were conducting investigations to determine if the drones had taken off from a ship or landed on land. Both news outlets reported that they were first seen northeast of Dublin at a distance of around 20 km (12miles) from the airport. Ireland's Defence Forces stated that it could not comment on any specifics about any alleged incident for operational security purposes. A spokesperson stated that "However, Defence Forces Support to the Security Operation, led by An Garda Siochana, was successfully deployed through multiple means, ultimately leading to a successful and safe visit," (Reporting and editing by Timothy Heritage Ron Popeski Stephen Coates).
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CANADA CRUDE-Western Canada Select trades at steepest discounts ever since March
The difference between the West Texas Intermediate benchmark futures and Western Canada Select futures, which is North American benchmark, has narrowed slightly on Thursday. However, it remains larger than ever before. CalRock reported that WCS for Hardisty, Alberta delivery in January settled at $12.85 per barrel, which is lower than the U.S. benchmark WTI. This compares to $13 Wednesday. The WCS discount on increased Canadian oil production has recently increased after spending most of the year in historically tight levels. This is largely due to the Trans Mountain expansion pipeline which has provided additional export capacity for Canadian oil producers. According to government statistics, the oil-producing province Alberta has set a record for production in 2024 with an average of 3.98 million barrels per day. The first 10 months of the year 2025 have been 3.8% higher than the same period of last year. * Oil prices fell globally on Thursday as investors waited for the Federal Reserve's interest rate cut. Meanwhile, the stalled Ukraine talks dampened expectations that a deal would be reached to restore Russian oil supplies. (Reporting from Amanda Stephenson, Calgary; Editing done by Maju Sam)
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Brazil 2026 Budget Sponsor proposes $1.9 Billion Exclusion for State-run Firms' Fiscal Target
Gervasio maia, the Brazilian congressman who sponsored the bill on budget guidelines for 2026, proposed to exclude up to 10 billion reals ($1.9 billion) of next year's fiscal goal for state-owned enterprises. According to Maia’s amendment, this amount will cover the expenses of companies that have an active and approved economic-financial plan. The proposal gives President Luiz inacio Lula da Silveira fiscal flexibility. It comes at a time when the postal service Correios is facing a cash crisis. Last month, it approved a restructuring program as its losses soared this year. This raised doubts over the viability of state-run Correios. The company reported a loss for the year to date of 6 billion reals ($1.13 billion), nearly three times the amount reported a year ago. The government has to compensate state-owned companies when they exceed their fiscal targets. This often means freezing federal spending. This is what happened with this year's Budget, when the government in November approved it. It was necessary to offset the 3 billion reais deficit that had been expected at state-owned firms due to Correios’ troubles. Maia removed from her proposal a clause on compensation. This effectively prevents the government from implementing it in the event that state-owned companies miss their targets next year. After the bill was passed, the change to the budget proposal for 2026 was announced ahead of the joint session of the Congress on Thursday. Committee approval is expected to be made on Wednesday. Correios stated earlier this week that the Treasury Blockage It was prevented from taking out a loan of 20 billion reais (3.67 billion dollars) from a bank consortium with a guarantee from the government because the interest rates exceeded the limit for deals backed by the state. ($1 = 5.3048 reales) ($1= 5.3133 reales) (Reporting and editing by Diane Craft; Marcela Ayres)
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Irish media reported that drones were spotted near Zelenskiy's flight path from Dublin.
Local media reported that an Irish navy ship saw up to five drones near the flight path for Ukrainian President Volodymyr Zelenskiy as he arrived in Ireland on Monday to make a state visit. Irish Times reported that the sighting caused a major alert due to fears of an attempted interference with the flight path. The Irish Times cited unnamed sources who said that the aircraft was not in danger, despite its arrival a little early. The Ukrainian delegation arrived on Monday late and left late the following day, as part of an effort to drum up support for Kyiv in Europe as Russia continues its war against Ukraine. Recent drone flights in Europe have disrupted airspace operations. Their origin is mostly unknown. Ursula von der Leyen, President of the European Commission, has called these incursions hybrid warfare. The Journal website first reported that drones were spotted at Dublin Airport. They said they arrived at the exact location where Zelenskiy’s plane had been expected to be, at the exact time it was due to pass. The authorities said they were conducting investigations to determine if the drones had taken off from a ship or landed on land. Both news outlets reported that they were first seen northeast of Dublin at a distance of around 20 km (12miles) from the airport. Ireland's Defence Forces stated that it could not comment on any specifics about any alleged incident for operational security purposes. A spokesperson stated that "however, the Defence Forces' support to An Garda Siochana's (police) security operation was successfully deployed by multiple means, ultimately leading to a successful and safe visit,"
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US investigations report that Waymo's self-driving car illegally passed 19 school buses in Texas
The U.S. government said Thursday that it had asked Waymo for more information after Texas officials claimed that Alphabet's self-driving cars had passed school buses illegally 19 times since the beginning of the school year. In October, the National Highway Traffic Safety Administration launched an investigation after an incident that occurred in Georgia. A Waymo was not stationary as it approached a school bus while its red lights were flashing and its stop arm was deployed. The Austin Independent School District posted a letter on November 20, 2018 by the NHTSA. In the letter, they stated that five incidents had occurred in November following the announcement from Waymo that it had updated its software to fix the problem. They asked the company not to operate around schools at pick-up or drop-off hours until it was able to ensure the vehicles wouldn't violate the law. Waymo didn't immediately respond to an inquiry for comment. A lawyer for the district wrote: "We cannot let Waymo continue to endanger our students as it tries to fix the problem." Citing an incident in which a Waymo was "recorded" driving past a school bus that had stopped only moments after the student who crossed in front, while still on the road, had been in front of the vehicle. A spokesperson for the school district did not respond immediately to whether Waymo had met this request. NHTSA was prompted by the letter to ask Waymo if it would comply to the request that self-driving vehicles cease operations during pick-up or drop-off hours for students. They also asked: "Was a software fix developed or implemented to mitigate this concern?" If so, will Waymo file a recall to fix the problem? In a letter sent to Waymo by the NHTSA on Wednesday, it demanded answers to questions about school bus incidents and software updates that address safety concerns. David Shepardson is reporting.
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US investigations report that Waymo's self-driving car illegally passed 19 school buses in Texas
The U.S. government said on Thursday that it had asked Waymo for more information after Texas officials claimed that Alphabet's self-driving cars had passed school buses illegally 19 times since the beginning of the school year. In October, the National Highway Traffic Safety Administration launched an investigation after a Georgia incident where a Waymo failed to remain stationary as it approached a school bus that had its red lights flashing with a stop arm deployed. In a letter published by NHTSA on Nov. 20, the Austin Independent Schools District stated that five incidents had occurred in November, after Waymo claimed to have made software updates to fix the problem. The district asked the company to stop operations near schools at pick-up or drop-off hours until it could be ensured the vehicles wouldn't violate the law. Waymo didn't immediately respond to an inquiry for comment. David Shepardson reports.
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Sources: Deutsche Bahn will return to profitability this year and next.
According to sources close the company, Deutsche Bahn will return to profitability this year and next, despite its underinvestment in trains and delays. After more than a decade underinvestment by the state-owned Deutsche Bahn, it has begun upgrading its tracks and overhead lines, as well as cutting administrative costs. This has led to major delays and cancellations across the country. Positive outlook is also a result of CEO Evelyn Palla's task to turn the company around. She took over on October 1. Palla will present her restructuring plan for the company at a meeting of the supervisory board scheduled to take place on Wednesday. Significant job cuts are expected. Deutsche Bahn has declined to comment. Sources said that the company expects a slightly positive profit before interest and tax (EBIT) in 2025 after a loss last year of 388 million euros. EBIT is expected to reach 500 million euros by 2026. The German Bahn also aims at reducing its net loss from 820 million euros to 180 million next year. Revenues are expected to stay stable, around 28 billion euro next year.
Boeing strike the current obstacle for struggling planemaker
Boeing's U.S. West Coast factory workers will stroll off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker's strongestselling jet as it wrestles with persistent output hold-ups and mounting debt. Here is a timeline of concerns surrounding Boeing:
OCTOBER 2018:
A Lion Air MAX aircraft crashes in Indonesia, eliminating all 189 individuals on board.
NOVEMBER 2018:
The FAA and Boeing say they are assessing the need for software application or style modifications to 737 MAX jets following the Lion Air crash.
MARCH 2019:
An Ethiopian Airlines MAX crashes, killing all 157 people on board. China's air travel regulator ends up being the first in the world to ground limit, followed by others consisting of the U.S. Federal Air travel Administration.
APRIL 2019:
The FAA forms a worldwide group to evaluate the safety of the 737 MAX. Boeing cuts month-to-month production by nearly 20%.
JULY 2019:
Boeing posts its largest-ever quarterly loss.
OCTOBER 2019:
Boeing fires Kevin McAllister, the magnate of its business aircrafts department.
DECEMBER 2019:
The company fires CEO Dennis Muilenburg in the wake of the twin crashes.
JANUARY 2020:
Boeing suspends 737 production, its biggest assembly-line halt in more than twenty years.
MAY 2020:
Boeing resumes 737 MAX production at a low rate.
SEPTEMBER 2020:
An 18-month investigation by a U.S. House of Representatives panel finds Boeing failed in its design and development of the MAX along with its openness with the FAA, which the FAA failed in oversight and accreditation.
NOVEMBER 2020:
The U.S. FAA lifts the grounding order, enabling the 737 MAX to fly again.
JANUARY 2021:
The European Union Aviation Safety Firm approves the MAX's. return to service in Europe.
APRIL 2021:
Boeing halts 737 MAX shipments after electrical problems. re-ground part of the fleet.
NOVEMBER 2021:
Existing and former Boeing company directors reach a $237.5. million settlement with investors to settle suits over. security oversight of the 737 MAX.
APRIL 2023:
Boeing stops briefly shipments of some 737 MAXs to handle a brand-new. provider quality issue involving non-compliant fittings.
AUGUST 2023:
Boeing determines a new 737 MAX supplier quality issue. including incorrectly drilled holes on the aft pressure bulkhead.
JANUARY 2024:
A mid-air cabin blowout forces Alaska Airlines to perform. an emergency landing of its recently obtained 737 MAX 9. aircraft, prompting the FAA to ground 171 of these jets and. initiate an investigation. The FAA likewise bars Boeing from. increasing MAX output, but lifts the grounding of MAX 9s once. examinations were finished.
FEBRUARY 2024:
The U.S. National Transportation Security Board (NTSB). releases its initial report on the Alaska Airlines. occurrence, discovering the door panel that flew off the jet. mid-flight appeared to be missing four crucial bolts.
MARCH 2024:
The FAA's 737 MAX production audit finds numerous instances. where Boeing and Spirit AeroSystems allegedly stopped working to. comply with producing quality assurance requirements. This. comes days after Boeing said it was in preliminary speak with buy. Spirit.
The continuous crisis might indicate Boeing will require more time to. hit crucial monetary targets for coming years, its CFO cautions.
The U.S. planemaker says CEO Dave Calhoun will step down and. announces that Stan Deal, Boeing Commercial Airplanes president. and CEO, will be succeeded by Stephanie Pope.
MAY 2024
The U.S. Department of Justice states Boeing breached its. commitments in a 2021 contract that protected it from criminal. prosecution over 737 MAX crashes in 2018 and 2019.
JULY 2024:
Boeing acquires Spirit AeroSystems back in an all-stock offer. for $4.7 billion in equity worth.
Boeing agrees to plead guilty to a criminal fraud conspiracy. charge and pay a fine of $243.6 million to deal with the U.S. Justice Department investigation into the two 737 MAX deadly. crashes in 2018 and 2019.
Boeing names former Rockwell Collins executive Kelly Ortberg. as its new president and CEO starting in August after a. months-long search.
SEPTEMBER 2024:
Boeing's Starliner spacecraft lands uncrewed in a New Mexico. desert after technical issues left 2 astronauts it transported to. the International Spaceport station marooned there until February. 2025, when a SpaceX vehicle is expected to return them to Earth.
Boeing stated it had actually reached a tentative contract with a. union representing more than 32,000 workers in the U.S. Pacific. Northwest, but the contract was later rejected in a vote and the. workers said they would go on strike.
(source: Reuters)