Connect with us

Business

Factbox-What we know so far about the seven aid workers killed in Gaza by Israel By Reuters

Published

on


(Reuters) – An Israeli airstrike on an aid convoy in Gaza on Monday killed seven workers from the charity World Central Kitchen including citizens of Australia, Britain, Poland.

Israeli said it mistakenly killed the aid workers and promised a full investigation. Here’s what we know about those killed.

SAIFEDDIN ISSAM AYAD ABUTAHA, PALESTINE

The 25-year-old Palestinian was buried in a ceremony attended by hundreds in his hometown of Rafah on Tuesday, according to BBC News.

“He was happy to work with an organisation that provides humanitarian aid to the displaced, our hearts are broken by your death, Saif,” the BBC reported his close friend Hassan saying.

“You have hurt us with your passing, and we will not forget you.”

LALZAWMI “ZOMI” FRANKCOM, AUSTRALIA

Known to her friends as “Zomi”, the 43-year-old Lalzawmi Frankcom joined World Central Kitchen after an earlier career at the Commonwealth Bank.

Social media posts show her in Pakistan and Bangladesh during floods in 2022 and on a motorbike convoy delivering aid into the Haitian highlands a year earlier.

“For her it was the perfect job, she got to serve hot meals to people who were having maybe the lowest point of their lives,” her friend Bryan Weaver told Reuters.

“She made you feel like you were the only person in the room.

In a statement her family said Zomi left behind a legacy of compassion, bravery and love.

DAMIAN SOBOL, POLAND

Sobol, a relief worker, lived in the city of Przemysl, in southeastern Poland, according to the city’s mayor Wojciech Bakun.

“There are no words to describe the feelings of people who knew this amazing young man right now,” he wrote in a Facebook (NASDAQ:) post.

Sobol, aged 35, was pictured in videos shot months before his death, itemising aid supplies bound for Gaza, including water systems, kitchen equipment and meals.

“(It is) everything (needed) to create a kitchen and feed people where needed,” he said.

JOHN CHAPMAN, JAMES KIRBY, JAMES HENDERSON, UK

Chapman, Kirby (NYSE:) and Henderson were all part of WCK’s security team, according to the NGO.

British media reported that all three were former soldiers in the British military, and worked as private security contractors for UK-based firm Solace Global.

Former special forces commando Chapman, a 57-year-old married father-of-two, had only been in Gaza for a few weeks before he was killed, according to newspaper The Sun.

Henderson, aged 33, served for six years in the Royal Marines, an elite fighting force of the British navy, according to his LinkedIn page.

The 47-year-old Kirby is also an Army veteran, according to The Sun and the Daily Mail.

Solace Global did not immediately respond to a request for comment.

JACOB FLICKINGER, US AND CANADA

© Reuters. Australian World Central Kitchen (WCK) aid worker Lalzawmi

The 33-year old dual citizen of the United States and Canada was part of the relief team killed on Monday.

Those responsible for his and his colleague’s deaths must be held accountable, Canada’s Minister of Foreign Affairs Melanie Joly said in a social media post that condemned the strikes.





Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

United Airlines (UAL) 1Q 2024 earnings

Published

on


A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport.

Justin Sullivan | Getty Images

United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing, the latest airline to face growth challenges because of the plane-maker’s safety crisis.

United expects to receive just 61 new narrow-body planes this year, down from 101 it said it had expected at the beginning of the year and contracts for as many as 183 planes in 2024.

“We’ve adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver,” CEO Scott Kirby said in an earnings release. “And, we’ll use those planes to capitalize on an opportunity that only United has: profitably grow our mid-continent hubs and expand our highly profitable international network from our best in the industry coastal hubs.”

United said it plans to lease 35 Airbus A321neos in 2026 and 2027, turning to Boeing’s rival for new planes as the U.S. manufacturer faces caps on its production and increased federal scrutiny. In January, United said it was taking Boeing’s not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s.

It lowered its annual capital expenditure estimate to $6.5 billion from about $9 billion.

United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth. A spokeswoman told CNBC earlier this month that the carrier will have to postpone its planned service from Newark, New Jersey, to Faro, Portugal, and service between Tokyo and Cebu, Philippines.

United earlier this month postponed its investor day, which was scheduled for May, “because our entire team is focused on cooperating with the FAA to review our safety protocols and it would simply send the wrong message to our team to have an exciting investor day focused primarily on financial results.”

The airline said it would have reported a profit for the quarter if not for a $200 million hit from the temporary grounding of the Boeing 737 Max 9 in January.

The FAA temporarily grounded those jets after a door plug blew out minutes into an Alaska Airlines flight, sparking a new safety crisis for Boeing and slowing deliveries of its planes to customers including United, Southwest and others.

The airline posted a net loss of $124 million, or a loss of 38 cents a share, in the first quarter compared with a $194 million loss, or 59 cents, a year earlier. Revenue rose nearly 10% in the first quarter compared with the year-earlier period to $12.54 billion, with capacity up more than 9% on the year.

Here’s what United reported in the first quarter compared with what Wall Street expected, based on average estimates compiled by LSEG:

  • Loss per share: 15 cents adjusted vs. a loss of 57 cents expected
  • Revenue: $12.54 billion vs. $12.45 billion expected

The airline expects to post earnings of between $3.75 and $4.25 in the second quarter, ahead of analysts’ estimates of about $3.76 a share. Airlines make the bulk of their profits in the second and third quarters, during peak travel season.

The carrier also reiterated its full-year earnings forecast of between $9 and $11 a share.

United’s shares were up more than 4% in after-hours trading on Tuesday.

United executives will hold a call with analysts at 10:30 a.m. ET on Wednesday.

Don’t miss these exclusives from CNBC PRO



Source link

Continue Reading

Business

Ex-Post Office boss regrets ‘missed opportunity’ to halt Horizon scandal

Published

on


“On reflection, and I have reflected on this very hard, when I finished being the Horizon programme director [in early 2000] it would have been very beneficial if I had notified both the lawyers and the [investigations team] that Horizon was a new system coming in, and that they should be very cautious about evidence coming out of that system,” he said.



Source link

Continue Reading

Business

Sri Lanka’s economic crisis and debt restructuring efforts By Reuters

Published

on

By


COLOMBO (Reuters) – Sri Lanka’s government rejected a proposal from its international bondholders on Tuesday on restructuring the more than $12 billion the country owes to them.

It means a near two-year spell in default will drag on for Sri Lanka and that the country’s next tranche of vital IMF support money could potentially get delayed.

Below is a timeline of the key events in the crisis and the efforts to resolve it:

2021-2022: Sri Lanka’s economy crumbles after years of overspending leaves its foreign exchange reserves critically low and the government unable to pay for essentials, such as fuel and medicine.

The country’s bonds suffer from multiple downgrades by credit rating agencies warning of the increasing risk of default. At the start of 2022 it manages to make a $500 million bond payment but it leaves its foreign exchange reserves precariously low.

MAY, 2022 – Sri Lanka is declared in default after it fails to make a smaller $78 million bond coupon payment.

JULY, 2022 – Public anger drives protesters to storm then-President Gotabaya Rajapaksa’s office and residence. Rajapaksa flees to the Maldives, before moving on to Singapore.

Current President Ranil Wickremesinghe is voted into power by Sri Lankan lawmakers.

MARCH, 2023 – The International Monetary Fund approves a near $3 billion bailout for Sri Lanka after talks with Wickremesinghe’s government and assurances about its plans to repair the country’s finances.

OCTOBER, 2023

Sri Lanka announces an agreement with China’s EXIM (export/import) Bank to delay payments on about $4.2 billion worth of loans the Chinese lender it has extended to the country.

NOVEMBER, 2023

Other creditor nations including India, Japan and France agree to restructure about $5.9 billion in debt.

MARCH, 2024

A group of Sri Lankan officials arrives in London to meet with a number of investment funds that hold its more than $12 billion worth of government bonds. Talks advance to the key “restricted” phase where proposals are discussed privately and those involved agree not to buy or sell any of the debt on the open market.

© Reuters. FILE PHOTO: A general view of the main business district as rain clouds gather above in Colombo, Sri Lanka, November 17, 2020. REUTERS/Dinuka Liyanawatte/File Photo

APRIL, 2024

The government rejects a proposal tabled by the bondholders. The main stumbling blocks are that some the “baseline” assumptions used differ to those of the IMF and that the plan did not include a contingency option for the government in case the economy fails to recover as expected.





Source link

Continue Reading
Advertisement

Trending

Copyright © 2024 World Daily Info. Powered by Columba Ventures Co. Ltd.