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Airlines Warn of Challenges in Meeting Green Jet Fuel Goals

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals

Airline leaders are expressing concerns over the challenges in meeting sustainable aviation fuel (SAF) goals, particularly due to government policies in Europe. These policies are reportedly stalling SAF production and increasing costs, with Europe and the U.S. experiencing declines in projected SAF capacity. The International Air Transport Association has criticized Europe's fragmented policies, which are seen as distorting markets and slowing investment. The situation poses a risk to the aviation industry's decarbonization strategy, with SAF production expected to fall short of earlier forecasts.
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Boeing's Ghost Bat Drone Achieves Milestone with Successful Missile Test

Boeing's Ghost Bat Drone Achieves Milestone with Successful Missile Test

The MQ-28A Ghost Bat combat drone, developed by Boeing Defence Australia, successfully conducted a live-fire test, launching an AIM-120 air-to-air missile. This test marks a significant advancement in autonomous combat aviation, as the drone is designed to operate alongside manned aircraft, enhancing their capabilities. The test was part of a 'crewed-uncrewed teaming' exercise, involving a manned E-7A Wedgetail and an F/A-18 fighter. Australia has signed a $663 million contract with Boeing for six Ghost Bat drones, highlighting the strategic importance of this technology.
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The Latest: Senate questions military leaders on Trump’s National Guard deployments

The Latest: Senate questions military leaders on Trump’s National Guard deployments

Senators for the first time are questioning military leaders over President Donald Trump’s use of the National Guard in American cities, an extraordinary move that has prompted legal challenges as well as questions about states’ rights and the use of the military on U.S. soil
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Airbus CEO says Boeing likely to win order race this year

Airbus CEO says Boeing likely to win order race this year

By Tim Hepher PARIS, Dec 10 (Reuters) - Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing on Wednesday, saying it was possible Boeing would win for the first time in six years, helped by settlements over U.S. tariff disputes.
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Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies

Airlines Warn of Challenges in Meeting Green Jet Fuel Goals Due to European Policies
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Temu's Dublin office raided by EU regulators on Chinese subsidy concerns

Temu's Dublin office raided by EU regulators on Chinese subsidy concerns

BRUSSELS, Dec 10 (Reuters) - Temu's European headquarters in Dublin were raided by EU regulators last week on concerns about potential Chinese state subsidies granted to the online retailer, a subsidiary of China's ecommerce giant PDD Holdings, a person familiar with the matter said on Wednesday.
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It's showtime!

It's showtime!

By Marc Jones LONDON, Dec 10 (Reuters) - By Marc Jones, global markets correspondent  What matters in U.S. and global markets today Wall Street futures and bond and FX markets are hunkering down as crunch time nears for a divided Federal Reserve policy board, while earnings from Oracle and Broadcom
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White supremacy notion threatens South Africa's sovereignty, president says

White supremacy notion threatens South Africa's sovereignty, president says

By Tim Cocks JOHANNESBURG, Dec 8 (Reuters) - Ideas of white racial superiority are a threat to South Africa's post-apartheid unity, its sovereignty and its diplomatic relations, President Cyril Ramaphosa said on Monday, calling for global efforts to debunk false stories about white persecution.
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McKinsey Faces Long Road to Rebuild Reputation After South Africa Scandals

McKinsey Faces Long Road to Rebuild Reputation After South Africa Scandals

McKinsey & Co. is working to restore its reputation in South Africa following its involvement in state corruption scandals. The consulting firm was implicated in a series of graft cases, known locally as state capture, which also involved other major companies. McKinsey has taken steps to address the fallout, including firing implicated staff and working pro bono on global business meetings related to South Africa's hosting of Group of 20 gatherings. Despite these efforts, the company continues to face criticism and has not resumed bidding for government work. McKinsey's managing partner for Africa, Gregor Theisen, emphasized that rebuilding trust will be a lengthy process. The firm has also paid significant sums to resolve criminal allegations in the U.S. and has reimbursed fees to South African state-owned enterprises.
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Trading Day: Fed uncertainty hits stocks and bonds

Trading Day: Fed uncertainty hits stocks and bonds

ORLANDO, Florida, Dec 8 (Reuters) - Apprehension ahead of the Federal Reserve's policy decision later this week weighed on Wall Street on Monday, while continued selling in U.S. Treasuries pushed the 30-year yield to its highest in three months. More on that below.
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The Latest: Supreme Court likely to back Trump’s power to fire independent agency board members

The Latest: Supreme Court likely to back Trump’s power to fire independent agency board members

The U.S. Supreme Court seems likely to expand presidential control over independent federal agencies, signaling support for President Donald Trump’s firing of board members
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BMW taps veteran Nedeljkovic to replace Zipse as CEO

BMW taps veteran Nedeljkovic to replace Zipse as CEO

By Miranda Murray BERLIN, Dec 9 (Reuters) - BMW's supervisory board on Tuesday appointed Milan Nedeljkovic as new CEO, replacing long-time head Oliver Zipse, as the German carmaker launches a new generation of models in a tough market environment.