PM Modi pushes growth agenda at EAC meet amid economic pressure
The meeting came in the backdrop of criticism from opposition, which have cited the rupeeโs deterioration and rising fuel prices as evidence of policy failure.
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The meeting came in the backdrop of criticism from opposition, which have cited the rupeeโs deterioration and rising fuel prices as evidence of policy failure.
Eight people were shot near Toledo's Old West End Festival on Saturday afternoon, prompting a large police response. All victims are expected to survive. Authorities are investigating the incident, which occurred during the popular community event, and are seeking information to identify the suspects.
Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday. Global airlines are grappling with higher fuel costs driven by the U.S. and Israel's war with Iran, which has choked jet fuel supplies and disrupted key air corridors, forcing costly detours.Also read: Airbus delays XLR deliveries to IndiGo as war hits suppliers Budget carriers have been among โthe hardest hit, โ lacking higher margin โ revenue streams such as premium cabins, high-paying travelers and credit card loyalty programs. The strain is already showing: U.S. budget airline Spirit Airlines collapsed last month, and it will not be the last, said Willie Walsh, director general of the International Air Transport Association, the industry's main trade body. "Unfortunately I think there will be some carriers that will find this high fuel price very difficult to cope with," Walsh told Reuters at IATA's annual summit in Rio de Janeiro, adding he expects some airlines to go out of business and others to be acquired by larger carriers. Even so, the pressure does not spell the end of the low-cost airline model, which continues to thrive outside the United States, where the big three carriers, United Airlines, Delta Air Lines and American โ Airlines, are squeezing โout budget competitors, Walsh said. "I don't see that the low-cost model is broken, in fact, quite the opposite," he said, highlighting Ryanair's strong performance in Europe as an example. There is one blockbuster deal Walsh does not see happening: United Airlines CEO Scott Kirby's audacious โ proposal to buy arch rival American Airlines and create a U.S. aviation behemoth. The idea, which surfaced earlier this year, failed to get done despite Kirby raising it with President Donald Trump. "I don't think that's going to happen. I think the regulatory hurdles would be very significant. I don't know whether that was a genuine effort to pursue consolidation or Scott just trying to stir up some media," Walsh said. MIDDLE EAST AIRLINE WOES The Iran conflict has upended traffic flows through Middle Eastern hubs such as Dubai, Doha and Abu Dhabi, creating acute challenges for Gulf carriers including Emirates, Qatar Airways and Etihad. Walsh said he didn't think the conflict would do permanent damage to the Gulf as an aviation hub given its strategic geographic importance and the value of the popular Gulf carriers, which account for 14% of โglobal capacity. "That capacity cannot be replaced by airlines from other regions around the world," Walsh said. "Once things settle down, I would expect the Gulf carriers to regain their important position in the market." Adding to the strain is the slow pace of aircraft deliveries from Boeing and Airbus, along with engine delays from โ GE Aerospace and Pratt & Whitney, a unit of RTX, limiting airlines' ability to expand fleets and improve efficiency.Also read: Airline chiefs grapple with fuel shock, fare test at Rio summit Walsh said the industry is increasingly frustrated by the delays, particularly as engine makers post strong profits while airlines struggle. He estimates supply chain disruption cost airlines about $11 billion last year. "We're disappointed that they're not moving faster. We're disappointed that they're not sharing the pain that the airline industry is sharing," he said. Aircraft and engine makers have said that much of the delays are out of their control, stemming from post-pandemic supply chain disruptions and political trade disputes. As airlines come under financial strain and climate policies lose momentum in the U.S. under Donald Trump, industry leaders have grown more cautious about meeting a 2050 net zero emissions target. Walsh said IATA is not ready to abandon the goal. "I certainly believe it's more challenging to achieve net zero in 2050 because we've not made the progress that we had expected to see on the development of sustainable fuels," he said.
Three months after leading India to the T20 World Cup title, Suryakumar Yadav has lost both the captaincy and his place in India's T20I setup. The selectors insist the decision was driven by form and the need to look ahead to the next World Cup cycle. A deep dive into the numbers reveals why. From one of the greatest peaks in T20 history to declining returns, waning match-winning influence and rising competition from younger rivals, the data explains why India chose the future over the past.
HYDRAA reclaimed encroached government lands worth โน1 lakh crore in Hyderabad, securing 200 acres valued at โน30,000 crore in a recent operation.
EAM Jaishankar met Khanal to review bilateral ties, including development cooperation, connectivity, trade and transit, energy and people-to-people ties.
Billie Eilish, at just 15, emphasized the profound power of lyrics over fleeting musical trends. Her quote, "Words are more powerful than some noises," highlights the lasting impact of meaningful content. This perspective, evident in her own successful career, encourages listeners to focus on substance and truth, ignoring superficial distractions and societal pressures.
Four former AIADMK ministers and six MLAs joined the ruling TVK, citing disrespect and lack of discipline, as political defections continue.
Ram Charan and Janhvi Kapoor's 'Peddi' is a box office hit, crossing Rs 100 crore net in India within three days. The film's strong performance is bolstered by increasing audience occupancy and growing overseas collections. Meanwhile, alleged chats have surfaced, sparking discussions about Janhvi's character and prompting director Buchi Babu Sana to address audience concerns and promise changes.
CPI(M) leader MA Baby seeks clarification from Congress on Rahul Gandhi's allegations of a BJP-CPI(M) deal ahead of a key INDIA bloc meeting.
Suryakumar Yadav has graciously congratulated Shreyas Iyer on his appointment as India's new T20I captain for the upcoming Ireland and England series. Despite being replaced as captain and dropped from the squad after leading India to a T20 World Cup victory, Suryakumar expressed pride in his Mumbai teammate's achievement, highlighting the strong representation from Mumbai cricket.
The testing authority reassured aspirants and parents that the integrity of the medical entrance examination remains fully intact
Renowned Malayalam actor and director Salim Kumar has passed away at 56 after a cardiac arrest. Battling multiple health issues including liver cirrhosis and kidney ailments, the National Award winner was on ventilator support. His demise has deeply saddened the film industry and fans, who remember his versatile performances, from hilarious comedy to poignant drama.
The Telugu Desam Party (TDP) on Saturday announced its candidates for the upcoming Rajya Sabha elections.
The girl alleged that she was sold to two families in Jhansi and subjected to sexual assault by multiple men over a period of nearly two years.
The Cockroach Janta Party organised a protest led by its founder Abhijeet Dipke at the Jantar Mantar demanding Education Minister Dharmendra Pradhan's removal.
In Kurukshetra, Congress Lok Sabha MP Deepender Hooda led the demonstration, demanding resignation of the Union Education Minister over the NEET paper leak and alleged irregularities in CBSE examination.
โSome forces are trying to make the country's youths anti-establishment,โ Mr. Nabin said during an interaction with intellectuals in Ranchi.
What were the two sets of appeals concerning the regulation and taxation of online gaming platforms in front of the Court? What were the main objections raised by gaming companies against the GST levy? What are the likely consequences for Indiaโs online gaming industry?
For three years after winning the National Award in 2011, the genial actor had stayed away from silver screen due to poor health. Yet he remained alive in public memory, thanks largely to memes that liberally drew on his image and witty dialogues, giving them a sharp satirical edge