Author: Press Room

The U.S. government’s road safety agency wants the auto industry to design new vehicles including increasingly large SUVs and pickup trucks so they reduce pedestrian deaths and injuries. The National Highway Traffic Safety Administration said Monday that it’s proposing a new rule setting testing and performance requirements to minimize the risk of pedestrian head injuries. The rule is aimed largely at SUVs and pickup trucks, which have grown in size and hood height over the years, causing blind spots for drivers. NHTSA said pedestrian deaths increased 57% from 2013 to 2022, from 4,779 to 7,522. The agency says the rule would…

Airbus Delivery Slowdown: Supply Chain Struggles And Order Analysis Earlier this year, Airbus (OTCPK:EADSF) announced that it would be lowering its delivery target for 2024 from 800 to 770 airplanes. While I already saw the strain in the delivery flow, the alert from Airbus caught me off guard as we still have months in deliveries to go. The downward revision on the delivery target was a very clear sign that while jet makers are looking to increase production there still are significant bottlenecks in the supply chain. Generally, what we have been hearing is that aerospace supply chain issues are…

Algeria’s President Abdelmadjid Tebboune has been elected for a second term, giving the authoritarian leader five more years at the helm of the north African gas-exporting nation and one of Europe’s main suppliers.The victory of the 78-year-old incumbent, who won 94.6 per cent of the vote, according to results published by the election authority on Sunday, was widely expected in a country in which the military makes decisions behind a facade of civilian government. Elections in Algeria are carefully choreographed to ensure the army’s chosen candidate prevails, analysts say.Tebboune beat the only two challengers who were allowed to run. Youcef…

Republicans and Democrats will release dueling documents on the deadly August 2021 US withdrawal from Afghanistan on Monday, as former President Donald Trump’s campaign seeks to make the decisions surrounding the exit a key issue in the final weeks before the presidential election. The release — after years of investigation by the Republicans on the House Foreign Affairs Committee — of the report by Republican Chairman Rep Michael McCaul and a minority memorandum by Democratic Ranking Member Rep. Gregory Meeks underscore how partisan the debate over the frenzied US exit from Afghanistan has become. The reports also thrust the evacuation…

Have you noticed how much information appears in both mainstream and social media about American pensioners planning or wishing to retire abroad? If you’re among those dreaming of retiring abroad, you’re in good company. According to Fortune, “boomers are leaving America to retire abroad in droves because the U.S. is just too expensive.” Or, as CNN writes: “As America’s retirement crisis grows, so too does the dream of retiring abroad where cities are walkable, social services plentiful and the cost of living affordable.” The number of Americans looking to settle abroad has tripled over the past 30 years, according to…

It was a rough start to the historically weak month of September on Wall Street. Economic growth concerns and investor trepidation ahead of Tuesday’s presidential debate and the Federal Reserve’s policy meeting later in the month sank the market. For the week: The S & P 500 gave back over 4% in its worst weekly performance in a year; the Nasdaq plunged more than 5.5%; and the Dow Jones Industrial Average dropped roughly 3%. The sharp selling Friday was partly due to Club name Broadcom ‘s 10% post-earnings stock decline. The chipmaker beat on the quarter but disappointed with guidance…

Norfolk Southern’s board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to three people familiar with the matter.The probe is in its early stages, and it is possible that no misconduct may be uncovered. The company is working with outside legal advisors on the probe, two of the people said.Shaw did not return phone calls or text messages requesting comment. Multiple directors, including the chair, former Canadian National Railway CEO Claude Mongeau, also did not return requests for comment.In addition, multiple spokespeople for the company also did not immediately return requests for comment.Norfolk Southern’s…

DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith as the two sides remain at an impasse on a distribution deal. “Disney has violated the FCC’s good faith mandates by predicating any licensing agreement on DIRECTV’s waiving any legal claims on Disney’s past, current, or future anticompetitive actions, including its ongoing packaging and minimum penetration demands,” a DirecTV spokesperson told CNN on Sunday. In the 10-page complaint, DirecTV claimed the negotiations stalled because, “Disney insists on bundling and penetration requirements that a federal district court judge in New York recently found…

Introduction I don’t think JPMorgan (NYSE:JPM) needs to be introduced to any investor. As a US-based financial conglomerate, the financial institution is a household name. While I also like the company from an earnings perspective, its dividend yield is currently pretty low at 2.1%. That’s why I focused on the bank’s preferred securities in previous articles as I still believe the combination of owning common stock for capital gains and preferred stock for the income is the best way to be invested in JPMorgan. Data by YChartsNo need to be worried about JPMorgan’s ability to generate a profit – loan…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tens of thousands of Brazilians joined an independence day rally called by members of the rightwing opposition in protest against a supreme court judge who banned Elon Musk’s social media platform X in the country. Dressed in the national colours of yellow and green, attendees at Saturday’s demonstration in São Paulo held posters demanding the removal of justice Alexandre de Moraes, who has attracted controversy for a wide-ranging crackdown on digital disinformation. “I came here today in favour of freedom of expression. The constitution…