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Smoke in the cabin causes emergency landing of a Boston bound Delta flight in Portugal
Delta Airlines reported that a flight from Barcelona to Boston made an emergency landing in Porto, Portugal on Sunday afternoon. The company reported that Flight DL251 had been diverted from Barcelona to Porto due to a mechanical problem and landed safely there. Flightradar24, a tracking service, indicated that the plane left Barcelona at 3:15 pm (1315 GMT), and landed in Porto at 5 p.m. (1645 GMT). A spokesperson for Portugal's emergency and civil protection authority said that eight passengers who were on board the Airbus A330 were treated at the Francisco Sa Carneiro Airport, while three others were transported to hospital. The Portuguese spokesperson said that the forced landing was due to "smoke" in the cabin.
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Increased security at US Fairford Air Base in England
A witness said that security measures at an 'US airbase in southwest England have increased significantly in the last few days, with roadblocks and armed police blocking access, as well as emergency vehicles parked near. A spokesperson from the US Air Force confirmed that they are aware of the current reports but will not discuss specific measures to protect forces. The spokesperson stated that "the 501st combat support wing and our UK-based Wings will remain vigilant and take appropriate actions to ensure safety and security for?our US servicemen, civilians and contractors, as well as their families." "We continually assess a number of factors to determine which measures we implement?or change in order to protect our installations and our people, as well as their families." Britain declared?in July that its armed forces were ready to protect the country against any attack, after Iran's Revolutionary Guards warned not to allow US bombers fly out of Fairford. Fairford in Gloucestershire was used to launch operations against Iran during the Middle East Conflict.
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Boeing flags 737 MAX Software Bug Affecting Landing Navigation Feature, WSJ Reports
The Wall Street Journal, citing documents from the company, reported that Boeing has discovered a previously unknown software bug in its 737 MAX aircraft. This glitch could cause an automated navigation 'feature' to fail on landing. Report said that the issue was caused by a software update in the cockpit and could occur when crews change their flight plan after a missed landing. Boeing, when asked for comment, said that it had informed 'all 737 operators' last month of the software problem under which pilots could not?have access to automated flight guidance in a certain landing scenario. Our engineers are working on a software update to 'permanently address the issue. Boeing stated in an email that engineers were working on a permanent software update. The Federal Aviation Administration (FAA) said that it was aware of a possible issue with a software update to the flight computers in certain Boeing 737 MAX aircrafts, and worked closely with Boeing as well as the airlines. The FAA issued a statement saying that it would convene a Corrective Action Review Board if a safety concern was identified. Boeing has come under heavy regulatory and safety scrutiny over the past few years, following two 'fatal 737 MAX crash incidents in 2018 and 2019, which led to a 'worldwide grounding of the aircraft. Also after a cabin panel blew out mid-air on a brand new Alaska Airlines MAX 9 in 2018. Southwest Airlines and 'United Airlines' have requested that Boeing not deliver new 737 MAX aircraft with the affected software, and instead request an earlier version. The report stated that it was not immediately clear how many aircraft were operating with the flawed software. Boeing, airlines, and regulators are evaluating the issue to determine if it poses a safety concern for flight, according to the report.
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Russia claims it has struck Ukrainian defence industry vessels and facilities
On Friday, the Russian Defence Ministry said that 'its forces' had carried out drone strikes overnight on Ukrainian defence industry installations, logistic centres and vessels used in Ukraine by its armed forces. The 'Ministry' said that the strikes targeted a 'drone assembly and storage site, in the Kyiv region; logistics hubs in Odesa and port infrastructure in Reni along the Danube River. It was also reported that Russian forces had struck a cargo vessel carrying dual-use and military goods bound for the port of Odesa. Later, on Friday, the ministry announced that its forces had hit another cargo ship?in Odesa that was delivering a?logistics centre?to the port Chornomorsk. This centre is used by Ukraine's armed forces and security forces. It also houses a data center for the?processing of intelligence data and the transmission of it. Could not independently verify statements.
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Volkswagen recalls 4 million cars, Handelsblatt reports
The Handelsblatt reported that Volkswagen, the German automaker, will recall 4 million vehicles from four different brands. This is the largest recall since the Dieselgate scandal. According to the German KBA, there will be a recall of 2.16 million VW and 700,000 Audi vehicles. The Handelsblatt reported that Volkswagen's Czech?brand Skoda, and Seat in Spain would also be affected by the action. Seat confirmed that the number. Skoda has not yet commented on the report. Volkswagen stated in an earlier press release that customers were asked to bring their vehicles to be repaired due to a?risk of corrosion associated with a screw within the steering system. If left unchecked this could affect the steering system's function in the long run. The company said that the recall is a precautionary measure, and that replacing the screw will take less than an hour. Volkswagen refused to comment on the cost estimate of the recalls.
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US airlines oppose China’s bid to increase flights
On Thursday, the head of the industry group Airlines for American?said that US carriers opposed adding more direct flights to the United States from China despite the fact that Xi Jinping, the Chinese President raised the idea. Chris Sununu, the head of the group that represents American Airlines, United Airlines and Delta Air Lines, among others, has said US carriers are still hampered because their Chinese counterparts have been allowed to fly over Russia on eight flights. He told reporters that he had been urging officials in the Trump administration not to cave. It's not a small thing. Sununu told an interview that it is a costly exercise for airlines to travel around Russia. Xi brought up the issue of increased flights at a Washington event on Thursday. At the moment, each country can only operate 50 round-trips per week. "Our two parties may also increase direct flight to facilitate travel in both directions and trade," Xi - said. The White House has not yet commented. Before the COVID-19 epidemic, each side was allowed to fly more than 150 round-trip flights per week. Chinese and US carriers were limited to 12 flights a week each between the two nations until August 2023. Air China was asked to increase the number of flights it offers from the US East coast to China, but Airlines for America resisted the request last week. US carriers are banned from doing so because they cannot access Russian airspace. Chinese carriers however can fly eight US flights. "It's imbalanced. Sununu stated, "It's unfair." "They have an advantage already with eight flights. "It would be a huge advantage to give them even more," he said. "Don't worsen it for us." In?March 2022, the US banned Russian flights in American airspace following Russia's invasion into neighboring Ukraine. This prompted Russia to prohibit US carriers from flying over?the country. The United States did not ban other countries from flying over Russia, but they made a deal in 2023 with China that any additional flights would not be allowed to do so. The US Transportation Department proposed in October 2025 to ban Chinese airlines from flying above?Russia along routes between the United States and Canada. They argued that the shorter flight times this practice allows puts American carriers at an unfair disadvantage. The proposal was withdrawn after it faced opposition from US agencies.
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Alaska Air expects certification of the Boeing 737 MAX 10 by end-September
Alaska?Air?expects Boeing’s?737 MAX 10 aircraft to be certified before the end of September, and plans to deliver its?first plane next spring. Chief Operating Officer?Jason Berry said on Thursday. Berry said that the airline expects to begin passenger service with the MAX 10 between mid-April and April. Before Boeing can start deliveries, the Federal Aviation Administration (FAA) must certify that aircraft. This timeline could be impacted by any delays in the 737 MAX 10 certification process, which is already several years behind schedule. Alaska must then certify the heads-up displays for pilots after the single-aisle aircraft is certified by federal regulators. This will take "a few?months," according to him. He said that the tight schedule "is sport," adding, "We're not panicking yet."
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Maguire: The cement boom in Africa signals the next big shift in global energy usage.
Africa consumes less than 5% of the global energy supply. It is therefore vastly outweighed by other regions when it comes to assessing current trends in energy and pollution. The aggressive plans to build cement plants in the region may change this. Global Energy Monitor data shows that Africa dominates the global pipeline of cement production capacity being built. This construction share is compared to a 8% share of the currently operating cement capacity. This indicates a 'rapid growth in planned production on the continent. But cement investments are about a lot more than just construction materials. These bets are on urbanization, regional economic growth and industrialization. Concrete is used to build roads, houses, factories, ports and other infrastructure before countries use more steel, chemicals or manufactured goods. The cement pipeline is a good indicator of Africa's energy needs. These are expected to increase dramatically if the construction boom linked to the plans for cement capacity materializes. The trend of energy consumption and emissions in the rest of world is expected to be curbed by electrification, and the slowing of heavy industrial production. Leaning In GEM data indicates that Africa has a cement production capacity of 441 million metric tons per year in operation and 43.3 millions tons per annum under construction. African nations also announced plans to add 23 million tons to the current annual cement production capacity. This would increase the total capacity of the region by 15%, compared to its current level, bringing it to just under 507 million tonnes. The overall increase in capacity for cement in Africa is far greater than planned additions to cement capacity in other regions. This indicates that Africa’s development plan looks set to be?more raw materials-intensive' than other parts of the globe. Africa's heavy-duty cement plans indicate a similar steep rise in raw materials and energy requirements, since cement production is notoriously high energy-intensive and requires large quantities of coal, petroleum, coke, and natural gas to ensure ample output. These cement projects will increase the demand for electricity, as well as infrastructure to import, store, and distribute coal, gas, and other fuels. They also need to ship out concrete produced. The plans to expand Africa's cement manufacturing footprint are a response to the growing demand for industrial energy in Africa, which will initially be supplied by fossil fuels. FRONTRUNNERS EGYPT & NIGERIA Egypt, among African countries, has the largest cement production footprint of 88 million tonnes per year. Nigeria is second to India for the amount of cement currently being produced. Libya, Mali and Angola are also among the top 20 countries in the world for cement construction. This shows that growth is expected across the entire continent. Even if Africa adopts cleaner energy technology more rapidly than other industrializing regions, the scale of planned construction of cement suggests that it will still need large quantities of materials to urbanize. The fact that 16 African nations are building new cement kilns suggests that Africa is on the right track to follow some of the same blueprints as countries in Asia. CLEANER CONCRETE? The African cement plan is different from those of other regions because African developers can use the most modern and efficient components to build their?cement plants. Modern kilns have a higher efficiency than those that were installed ten or more years ago. They should therefore be able to produce more cement using fewer inputs. Locally produced renewable electricity -- such as rooftop solar installations -- may also be used to run milling and processing equipment, reducing energy costs for producers. Electric cement kilns, which are becoming more widespread, offer the potential to further reduce energy intensity in countries that want to limit their industrial carbon footprint. Cost considerations will likely remain paramount on many African markets. This may delay the adoption of expensive emissions-reduction techniques such as carbon sequestration. This means that cement production in Africa will be energy- and material-intensive, even though they use the latest kilns available and the most advanced components. Cement projects in Nigeria, Libya Mali, Mozambique, and other countries are not just industrial investments. These projects are early indicators of future growth in?energy demand. Africa's urbanization and industrialization could make it one of the world's largest sources of demand for electricity, fuels for transport and industrial energy. This would force policymakers to find a balance between rising living standards and rising emissions. These are the opinions of the columnist, an author for. You like this column? Check out Open Interest, your new essential source for global financial commentary. Follow ROI on LinkedIn, X and X. Listen to the Morning Bid podcast daily on Apple, Spotify or the app. Subscribe to the Morning Bid podcast and hear journalists discussing the latest news in finance and markets 7 days a weeks.
Gulf crisis affects Australian and New Zealand companies, from airlines to banks
The U.S. and Israel war against Iran is causing financial stress for companies in Australia and New Zealand. Higher fuel prices are stoking inflation, reducing consumer and business confidence and weighing on corporate earnings.
Some of the companies in Australia and New Zealand have made an impact.
Air New Zealand: New Zealand’s flag carrier predicted its largest annual pre-tax losses in four years. This was two months after withdrawing their earlier 2026 forecast, as the Iran War pushed up jet oil prices, increasing costs, and compounding the pressure of weak demand and fleet restrictions. Air New Zealand has forecast a loss of between NZ$340 and NZ$390 (between $201.8 million and $2231.5 million) for the year. This is a significant change from last year's NZ$189million profit. Air NZ announced in March that it had suspended its earnings forecast for the full year and raised fares because of volatility in jet fuel prices. It was one of first airlines to announce a price increase.
Auckland International Airport, New Zealand: Auckland International Airport reported that flights to the Middle East from Auckland were affected.
In March, the number of passengers on Middle Eastern routes dropped by 81% and seat capacity fell by 73% compared to a year earlier, according to airport operator.
a2 milk: New Zealand-based a2 Milch cut its profit forecast for fiscal 2026 as increased freight costs due the conflict and temporary disruptions in the supply chain affected the availability of the China-label formula infant milk product on its largest market.
Cleanaway Waste Management: The company has slashed the full-year forecast for operating earnings by approximately A$20,000,000 ($14.17million), due largely to higher costs, reduced activity, and differences in timing of cost recovery.
Cochlear, an Australian manufacturer of hearing implants, has lowered its profit forecast for 2026 due to a?weaker trade in developed markets', citing lower surgical volumes, less hearing-aid referrals, and softer consumer confidence.
The Middle East War has increased the risk of order cancellations and delivery delays, as well as a higher exposure to receivables. This will also worsen margin pressures and increase restructuring costs.
Fletcher Building
Fletcher Building in New Zealand said that it is 'indirectly exposed to the Middle East conflict through supply chains, freight lines, energy costs and the wider economic impact of construction demand throughout Australasia.
Construction materials manufacturer expects to increase prices in all divisions as a result of passing on costs to its customers. Plastics, where the company claims immediate exposure is present, will experience price increases of up to 36%. Other divisions will only see a 1%-5% increase.
Flight Centre Travel:
Flight Centre Travel, an Australian corporate travel manager, has lowered its profit forecasts for 2026. They cited a drop in international leisure travel due to the Gulf Conflict.
The company now expects to earn a profit before taxes of A$275 to A$295 millions for the fiscal year ending June 30. This is down from the previous target?of A$310 to A$345million.
The company revised its estimate for the leisure segment from A$10 to A$50, up from the original estimate made in April.
Fonterra: New Zealand dairy manufacturer Fonterra stated that the conflict is impacting their supply chain and could increase their inventory levels and costs during the second half of the year.
National Australia Bank: National Australia Bank expects to incur credit loss charges of A$706 ($504.44 millions) in the first fiscal half of 2026.
NAB stated that the volatility of interest rates in the second quarter, the weaker New Zealand Dollar and the increase in provisioning would result in a reduction of the common equity tier one capital ratio for the group by approximately 20 basis points on March 31.
The company also plans to apply a discount of 1.5% to its dividend reinvestment program for the first half to raise A$1.8 billion and help strengthen its balance sheet.
Orora Packaging Company: Orora has lowered its earnings forecasts for its French division Saverglass, and cancelled the share buyback program. The company cited the impact of war.
Due to the closures of shipping routes, the company also stopped bottle production in its glass production plant at Ras al-Khaimah (United Arab Emirates).
Qantas Airways: Qantas Airways is Australia's national carrier. It has raised its fuel costs outlook for the second half of the year up to A$800m. However, it still hasn't started the planned A$150m share buyback, citing the volatile and sharply increased jet fuel prices.
Qantas has raised fares to offset the rising cost of its flights and shifted them towards stronger routes, such as Paris or Rome, where demand is still strong. They have also reduced their domestic capacity in the second quarter by approximately 5 percentage points.
Qube Holdings: Qube anticipates that the Middle East conflict will have an impact on its?EBITA earnings of between A$10 and A$20 million in fiscal 2026.
The logistics firm stated that recent events could encourage an increase in investment in alternative energy projects. This could be beneficial for the company.
Virgin Australia: Virgin Australia said that it expected fuel costs to increase by around A$30 to A$40 Million ($21.39 to $28.52 millions) in the second half fiscal 2026. In mid-March, the airline announced that it would be adjusting its fares due to rising costs in the aviation industry.
Westpac: Westpac is Australia's second-largest bank in terms of assets. The lender said that the energy market shocks caused by the conflict led to profit pressures during the first half the financial year ending March 31. This prompted the lender to increase its credit provisions.
Westpac's net interest margin for its Treasury and Markets division has been weakened amid the interest rate volatility related to the conflict. A weaker outlook is already leading to higher credit provisioning.
Westpac has increased its provision for bad debts since the COVID-19 pandemic.
Woolworths Woolworths is the largest Australian supermarket. It said that the Middle East conflict had created uncertainty for both customers and suppliers, adding to the already high cost of living.
Fuel price pressures and investments in customer retention will also affect the firm's forecast for fiscal 2026.
Woolworths has also announced that it will freeze the prices of 300 household staples from May 1 for three months, as cost pressures imposed by conflict on Australian suppliers have pushed up prices across all supermarkets.
Worley: Worley, an engineering firm, said that it had nearly doubled the projected underlying operating income for its full-year due to project delays. The Sydney-based firm expects to take a A$60 million hit, up from a previous estimate of A$30-40 million.
(source: Reuters)