China’s highest courts issued stringent new legal guidelines on April 9 to crack down on aviation-related criminal offenses — including deploying fake bomb threats, illegally opening cabin doors, and assaulting flight crews — aiming to curb disruptive behaviors that ground flights and threaten public safety. Released jointly by the Supreme People’s Court and the Supreme People’s Procuratorate, the...
China’s highest courts issued stringent new legal guidelines on April 9 to crack down on aviation-related criminal offenses — including deploying fake bomb threats, illegally opening cabin doors, and assaulting flight crews — aiming to curb disruptive behaviors that ground flights and threaten public safety. Released jointly by the Supreme People’s Court and the Supreme People’s Procuratorate, the judicial interpretation delineates clear thresholds for when common administrative infractions escalate into criminal charges carrying lengthy prison sentences.
Boarding1Now/iStock Editorial via Getty Images FedEx ( FDX ) and the Air Line Pilots Association (ALPA) have reached a tentative labor agreement covering more than 5,000 pilots after roughly five years of negotiations. The proposed deal includes a roughly 40% increase in hourly wages in 2026, followed by annual raises of about 3% from 2028 through 2030, according to union details. The deal was ach...
Boarding1Now/iStock Editorial via Getty Images FedEx ( FDX ) and the Air Line Pilots Association (ALPA) have reached a tentative labor agreement covering more than 5,000 pilots after roughly five years of negotiations. The proposed deal includes a roughly 40% increase in hourly wages in 2026, followed by annual raises of about 3% from 2028 through 2030, according to union details. The deal was achieved under National Mediation Board supervision after prolonged negotiations. "The tentative agreement will next be presented to the FedEx Master Executive Council (MEC) for their review. If the MEC approves the TA for distribution, it will then be subject to a ratification vote by the FedEx pilots." said ALPA. The deal follows a failed 2023 proposal, when pilots rejected a contract offering a 30% pay increase amid concerns over outsourcing and long-term protections. More on FedEx FedEx Corporation (FDX) Analyst/Investor Day - Slideshow FedEx Corporation (FDX) Analyst/Investor Day Transcript FedEx: Premium Mix And Network Optimization Supporting High-Quality Growth Meet FedEx Freight: The LTL trucking player spinning off from FedEx Trump budget proposes TSA job cuts, $1.5B reduction in funding
RHJ/iStock via Getty Images Rare earth elements have come under increasing focus owing to their importance to defense equipment manufacturing and clean technology. China has monopolized this supply chain for over two decades and has not shied away from using it for geopolitical leverage, forcing others to think of a diversification strategy. This is Part 4 of a 5-part series in which Platts News e...
RHJ/iStock via Getty Images Rare earth elements have come under increasing focus owing to their importance to defense equipment manufacturing and clean technology. China has monopolized this supply chain for over two decades and has not shied away from using it for geopolitical leverage, forcing others to think of a diversification strategy. This is Part 4 of a 5-part series in which Platts News explores the strategies under play and the challenges they face. Government support is emerging as the most effective strategy for nations to cut their dependence on China's rare earths supply chains, as market forces alone could not overcome China's entrenched dominance in the sector, according to industry participants. From equity investments and subsidies to streamlined permitting and price floors, the US, EU, Australia and other nations are providing unprecedented support to build alternative supply chains for rare earths, a group of 17 elements used in permanent magnets that are critical to defense and clean energy applications. "Support from Western governments is highly valuable because it levels the playing field with other countries that subsidize their industries," Kim Casey, director of investor relations at Energy Fuels Inc., told Platts, part of S&P Global Energy. Despite concerns that state participation could disrupt market competition by favoring a few players, these government tools are crucial in establishing supply chains outside of China, whose near-monopoly of the sector has essentially driven competitors away, Casey said. China's recent restrictions on its rare earths exports have increased the urgency for industry players to seek alternative sources of the material. China controlled 59% of rare earths mine production, 91% of refined production and 94% of magnet manufacturing in 2024, according to the International Energy Agency. Energy Fuels ( UUUU ) is seeking US government support to advance the rare earths processing capacity of its White Mesa urani...
Energy stocks are on track to hit fresh highs as high oil prices drive higher margins and cash flow, underpinning capital returns. Institutions are buying it.
Energy stocks are on track to hit fresh highs as high oil prices drive higher margins and cash flow, underpinning capital returns. Institutions are buying it.
(Bloomberg) -- As war injects extreme volatility into oil and gas markets, the global race for energy security is making China stronger, according to Jacky Tang, emerging markets chief investment officer at the private banking arm of Deutsche Bank AG.“China is the winner in this war from an economic standpoint, from an energy mix standpoint,” he said in an interview.The prediction feeds into a com...
(Bloomberg) -- As war injects extreme volatility into oil and gas markets, the global race for energy security is making China stronger, according to Jacky Tang, emerging markets chief investment officer at the private banking arm of Deutsche Bank AG.“China is the winner in this war from an economic standpoint, from an energy mix standpoint,” he said in an interview.The prediction feeds into a complex picture. Bruegel, a think tank, says China’s reliance on oil imports from Iran is set to pose a
Sea Change: 'Very Unfavorable' Views of Israel Triple Among US Adults Amid a major war on Iran waged in partnership with the United States, Israel's reputation among Americans has continued to deteriorate, with 60% of US adults viewing Israel unfavorably. That's a hefty 18-point increase from 2022, according to a new survey from Pew Research. Over the same stretch, Israel's "favorable" share crate...
Sea Change: 'Very Unfavorable' Views of Israel Triple Among US Adults Amid a major war on Iran waged in partnership with the United States, Israel's reputation among Americans has continued to deteriorate, with 60% of US adults viewing Israel unfavorably. That's a hefty 18-point increase from 2022, according to a new survey from Pew Research. Over the same stretch, Israel's "favorable" share cratered by 18 points. While the top-line unfavorable rating is bad news for Israel, things are even worse when you look under the hood: The proportion of Americans who have a very unfavorable view of Israel now stands at 28% -- triple what it was in 2022. Alongside his country's sagging standing with the US public, Prime Minister Benjamin Netanyahu is also increasingly unpopular, as 59% of American adults have little or no trust that he will "do the right thing regarding world affairs," also a seven-point worsening from last year's finding. Pew conducted the survey during the week of March 23-29, roughly a month into the US-Israeli war on Iran , but a few weeks before this week's brinksmanship --which had many fearing a years-long global economic catastrophe if President Trump followed through on his threats to eradicate Iran's "whole civilization" and Iran carried out its promised destruction of energy and water infrastructure around the Persian Gulf. There continue to be significant differences between Americans who associate themselves with the Democratic Party and those who are Republicans or Republican "leaners." A whopping 80% of Democrats have an unfavorable or very unfavorable view of Israel , almost doubling the 41% of Republicans who feel that way. In what may be the most significant sub-trend in US-Israeli politics, a solid 57% majority of Republicans under age 50 now have a negative view of Israel . Unless that turns around, this suggests that the GOP's status as a fortress of Israeli support will soon be a thing of the past. Republicans are split on Netanyahu: 45% ...