Latest News
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Russian drones and missiles strike railway hub near Ukraine’s capital, Railway says
Ukrzaliznytsia, the Ukrainian state railway company, said that a railway hub near Kyiv had been attacked by a Russian drone and a missile attack. The depot and rail carriages were damaged. Fastiv was not reported as a casualty in the attack that occurred overnight. In recent weeks, Russia has intensified attacks on Ukraine's infrastructure and energy sector. Power stations and rail hubs have been targeted. Ukrzaliznytsia announced on Telegram that it had to cancel a number of suburban trains in the northeastern Ukrainian city of Chernihiv and near the capital. The emergency services did not provide any further details, but reported that there was a fire on the station's and depot's territory. The report cited a possible attack on infrastructures in the Chernihiv area. UKRAINIAN MINISTRY TEENS ON POWER AND HEAT FACILITIES The attack targeted power and heat generation plants in Chernihiv and Zaporizhzhia regions, Lviv and Dnipropetrovsk, Ukraine's Ministry for Development of Communities and Territories said. Telegram reported that 9500 customers in southern Odesa were still without heat, and 34,000 others without water. The ministry reported that "port facilities (in Odesa), have also been attacked. Part of the infrastructure was de-energized, and operators switched to generators for backup power." The Ukrainian Energy Ministry said that the attack caused blackouts in eight areas overnight. Emergency repair work has already begun where safety permits. The energy companies are working hard to restore power as soon as possible for all their customers," the ministry stated on Telegram messenger. POLAND CRAMBLED JETTS, BUT THE AIRSPACE WAS UNViolated Private broadcaster RMF FM said that sirens were also heard early Saturday morning in Lubartow, a town in eastern Poland's Lublin region. RMF reported local mayor Krzysztof Pasnik saying that the warning had been activated because of the situation in Ukraine. The Operational Command of the Armed Forces stated that there was no violation of airspace. (Reporting and editing by William Mallard, Bernadettebaum and Alan Charlish; Additional reporting by Pavel Polityuk in Warsaw)
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India's air travel chaos has eased, but IndiGo still leaves hundreds of people stranded
The crowds at Indian airports dwindled on Saturday, but hundreds of passengers gathered outside Bengaluru airport and Mumbai airports. 385 IndiGo flight cancellations were announced in the fifth day during a crisis that has affected the country's largest airline. IndiGo has cancelled thousands of flights this week, causing a major disruption in air travel across India. The government announced special relief to the carrier to clear the backlog and began operating some trains. The airline has been in crisis for 20 years. It was once known as a reliable carrier that offered low-cost tickets and prided itself on its on-time performance. IndiGo admitted that it did not plan well ahead of the November 1 deadline for implementing stricter rules regarding night flying and pilots' weekly rest. This led to issues with roster planning during this past week. More than 1,000 IndiGo flight were cancelled on Friday. Delhi Airport posted on X that flight operations were gradually returning, but IndiGo flights continued to be affected. According to airport sources, IndiGo cancelled 124 flights in Bengaluru on Saturday. IndiGo said that it would return to normal between December 10 and 15. Photographers on the scene said that hundreds of passengers were still gathered at Bengaluru and Mumbai airports Saturday. Some were unaware of their cancellations. Satish Konde was supposed to take a connecting flight from Mumbai to Nagpur, a western city, and was checked-in, but later told that the flight was cancelled. At the airport, he said: "I'm waiting for my bags to be returned." The new rules have not forced other major Indian airlines to cancel flights, such as Air India or Akasa. (Aditi Shah, Abhijith, Arpan, Dhwani and Aditi Pandya contributed to the report; Aditya Kalra wrote it; Sam Holmes edited it)
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FT reports that Revolut will move its headquarters to Canary Wharf, where Deutsche Bank will be based.
The Financial Times reported that Germany's Deutsche Bank chose to lease about 250,000 square foot of office space at London's Canary Wharf in a building with the Revolut logo. Reports citing sources familiar with the situation said that the German bank would take up about twice as much room in the YY Building on South Colonnade than the Revolut. Outside of business hours, Deutsche Bank and Canary Wharf Group have not responded to any requests for comments. Canary Wharf Group - which manages the larger financial district, and is owned by QIA, Canada's Brookfield and Canada's QIA - was hard hit by the pandemic induced drop in office demand. Now, the area is enjoying a recovery as more companies encourage their staff to return to work. Canary Wharf Group announced on Friday that Visa will relocate its European headquarters into the district. JPMorgan Chase announced last week a plan to construct a tower at Canary Wharf. The company said that the project would create 7,800 new jobs and contribute $9.9 billion pounds to the local economy over the next six years, including construction costs. ($1 = 0.7502 pound) (Reporting and editing by Sam Holmes, William Mallard, and Angela Christy from Bengaluru)
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Spirit Airlines cancels plans to furlough 365 pilots
Spirit Airlines announced on Friday that it had scrapped its plans to lay off up to 365 of its pilots during the first quarter of next year. It also scaled back downgrading of captains as part of a restructuring effort after it filed for Chapter 11 bankruptcy in August. The ultra-low cost carrier did not give a reason for its cancellation, but the pilots union stated that management had revised their staffing model following discussions about attrition assumptions. A spokesperson for the company said, "We will no longer be implementing the furlough previously announced." It added that the number of captains downgraded to first officers has decreased from 170 to 25. Spirit has approximately 2,400 pilots. Spirit filed for Chapter 11 a second-time earlier this year as it struggled to deal with its dwindling reserves of cash and mounting losses. The airline announced that it would be laying off its pilots and attendants as well as shrinking its fleet to cut costs. The airline announced the latest furloughs in October. Air Line Pilots Association says assumptions behind carrier's announcement in October are no longer correct and attrition model has become outdated. The association responded to questions by email that "the business case for large-scale furloughs did not align with the current data." Spirit has not responded to our request for comment on the attrition rates in staffing. As part of its restructuring, the airline had previously laid off about 600 pilots. In November, the pilots' association announced that it had agreed with Spirit Airlines to cut the hourly wages of its pilots 8%. It also reduced its retirement contributions by half. (Reporting from Doyinsola Oladipo in New York and Edmund Klamann).
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CANADA-CRUDE-Discount on Western Canada Select widens
On Friday, the discount between West Texas Intermediate and Western Canada Select futures (the North American benchmark) widened. WCS for Hardisty, Alberta delivery in January settled at $12.95 per barrel below U.S. benchmark WTI according to brokerage CalRock. This compares to $12.85 last Thursday. The WCS discount on increased Canadian oil production has recently widened after spending most of the year in historically tight levels. This is largely due to the Trans Mountain Pipeline expansion, which has provided Canadian oil producers with additional export capacity. Enbridge's Mainline network, which transports Canadian crude oil to U.S. market, is allocated -- a term used in the industry for when demand exceeds pipeline capacity -- for December. The Trans Mountain pipeline is the only Canadian oil export pipeline that has direct access to overseas market. * Oil prices rose by nearly 1% on Friday, reaching a new two-week high, on the back of increased expectations that the U.S. Federal Reserve would cut interest rates in the coming week. This could increase economic growth and fuel demand as well as geopolitical uncertainties which could limit supply from Russia and Venezuela. (Reporting and editing by Daniel Wallis in Calgary)
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Waymo issues recall for self-driving cars that drove past school buses stopped
Waymo announced Friday that it would recall its self-driving cars after Texas officials reported that the Alphabet Unit's vehicles illegally passed at least 19 school buses in recorded incidents. The National Highway Traffic Safety Administration (NHTSA), which opened its first investigation in October of Waymo's vehicles near school busses, asked the self driving car company to answer questions on Wednesday about the Texas incidents. "Holding to the highest safety standards requires that we recognize when our behavior needs improvement. We have decided to file a voluntary recall of software with NHTSA in order to ensure that vehicles are appropriately slowing down and stopping when faced with these scenarios," Waymo stated, adding that it believes the software updates installed by November 17 had improved performance. (Reporting and editing by Diane Craft; David Shepardson)
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Spain investigates whether the outbreak of swine flu was caused by a lab leak
Catalonia's regional government announced on Friday that it would look into a research center outside Barcelona, after the Spanish Agriculture Ministry reported a recent swine fever outbreak A laboratory leak could have caused the problem. Spain, Europe's largest pork producer, is trying reassure its trading partners following the positive test results of 13 wild boars in the hills surrounding the city. The virus is not harmful to humans, but it can be fatal for wild boars and pigs. The ministry reported that a Madrid laboratory's genome sequencing revealed the strain to be "very similar" with one originally detected in Georgia in 2007. This strain is now widely used for research and vaccine development. The ministry said that other cases in Europe are from a different group of genetics. The Agriculture Ministry stated that "the discovery of a similar virus to that which circulated in Georgia does not exclude the possibility that it may have its origin in a biological storage facility." Catalan officials believed that the virus spread when a wild boar consumed contaminated food. It could have been a sandwich imported from abroad by a driver. The ministry stated that "the report suggests that there is a possibility that the virus' origin is not animals or animal products in any of the current countries where it is present." In its statement, it did not mention any labs. Oscar Ordeig said that the Catalan government will investigate the state-funded Centre for Research in Animal Health. The centre is situated next to the Autonomous University of Barcelona, and it falls within the confinement zone of six kilometers (four miles) imposed by the authorities following the outbreak. Ordeig stated that other laboratories may also be investigated. In 2017, the World Organization of Animal Health designated Cresa a research center into swine flu. The laboratory did respond immediately to a comment request, but told news verification website Maldita.es that it found no evidence pointing towards it being the cause of the outbreak. According to the Organisation for Economic Cooperation and Development, "Georgia 2007," swine flu spread to Armenia and Azerbaijan as well as Russia and Belarus and eastern EU states by 2014. In 2018, it reached China, causing massive losses. In 2019, the Chinese pork meat production fell by 27%. Reporting by Charlie Devereux and Joan Faus; editing by Mark Potter, Heinrich and Mark Potter.
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Delta resumes flights at Detroit after brief halt
Delta Air Lines announced on Friday that it has resumed its operations at the Detroit Airport after a short ground stop due to a connectivity issue. The airline issued a waiver of travel fees for Friday and Saturday passengers. FlightAware data shows that 36 flights were cancelled and 97 delayed. Detroit Metropolitan Wayne County Airport stated in a posting on X that the issue was specific to Delta. According to the website of the airline, the airport is one the largest hubs for Delta with flights to over 106 destinations worldwide. Ground stops are temporary air traffic control measures that stop flights from leaving for a particular airport or region. This is usually done due to safety issues, weather conditions, or operational concerns. Delta apologized to its customers for any inconvenience and thanked them for their patience while Delta teams worked to safely restore normal operations. (Reporting and editing by Anshuman tripathy in Bengaluru, Anil D'Silva, and Sriraj Kalluvila).
India lowers airline fares after IndiGo crisis leaves hundreds of passengers stranded on fifth day
India cut airline fares Saturday after hundreds of passengers gathered at the airports of Bengaluru, Mumbai and Pune following the cancellation of 385 IndiGo flight on the fifth day in a crisis that has affected the country's largest airline.
IndiGo has cancelled thousands of flights this week, causing chaos in the air travel industry across India. The government responded by announcing special relief to the airline and additional trains that would help clear up the backlog.
IndiGo's cancellations caused a huge increase in fares on popular routes. The government announced that it would cap fares in order to maintain price discipline. The government did not provide details about the cap.
The Indian government stated that it will continue to monitor the level of fares through real-time data, and in coordination with airlines.
The last time fares were capped was during the COVID-19 Pandemic of 2020.
Flight cancellations are IndiGo's biggest crisis yet. The airline, which is 20 years old, has always prided itself on its punctuality and attracted passengers with low cost fares.
"WAITING FOR MY Luggage"
IndiGo admitted that it did not plan well ahead of the November 1 deadline for implementing stricter rules regarding night flying and pilots' weekly rest, which ultimately led to scheduling issues this week.
More than 1,000 IndiGo flight cancellations were made on Friday. IndiGo said that after the government announced its exemptions from the rules, it would be able to resume normal operations between December 10 and 15.
In a Saturday post on X, the Delhi airport said that flight operations were gradually returning but some IndiGo flights continued to be affected.
According to airport sources, IndiGo cancelled 124 flight in Bengaluru, 109 flights in Mumbai, and 86 in New Delhi.
Photographers at the scene reported that hundreds of passengers gathered on Saturday outside the airports in Bengaluru, Mumbai, and some were unaware of the cancellations.
Satish Konde was supposed to take a connecting flight to Nagpur, a western city in India. He had checked in but was told later that the flight was cancelled.
"I'm waiting for my luggage," he said.
Air India, Akasa and other major Indian airlines have not been forced to cancel flights because of the new rules. Reporting by Francis Mascarenhas and Priyanshu Sing; Additional reporting by Arpan Chaturvedi and Abhijith G; Writing by Aditya KALA; Editing and Sam Holmes by Tom Hogue and Tom Holmes
(source: Reuters)