Author: Solomon Alaka

Air Canada Estimates CA$375 Million Hit from Three‑Day Flight Attendant Strike

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Air Canada says the three‑day flight attendant strike in August 2025 reduced its third‑quarter operating income by about CA$375 million, prompting the carrier to lower its full‑year guidance and revise near‑term financial expectations. The airline attributed the impact to three components: an estimated CA$430 million revenue shortfall from refunds, customer compensation and weaker bookings; roughly […]

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Youth to UN: ‘Listen to us. Invest in us. Partner with us’

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“Youth participation is not just about bringing young people to meetings,” General Assembly President Annalena Baerbock said on Thursday. “It’s about truly integrating their lived experience and their expertise to shape policy outcomes.” Prioritising rights and aspirations Ms. Baerbock was speaking at an event to commemorate the 30th anniversary of the World Programme of Action […]

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Venezuela and Colombia Experienced Series of Earthquakes on Wednesday

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A series of at least four earthquakes struck northwestern Venezuela on Wednesday and early Thursday, with the strongest quakes measured at about 6.3 and 6.2 magnitude, both with shallow focal depths and epicentres near Mene Grande in Zulia state; tremors were widely felt across Venezuela, including Caracas, and over the border in parts of Colombia, […]

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President Trump Administration to Cancel $13 Billion in Renewable Energy Funds

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The U.S. Department of Energy announced plans to reclaim more than $13 billion in unobligated funds that had been set aside under the previous administration to support wind, solar, batteries and electric vehicles, a move the department said will return the money to taxpayers; President Trump this week dismissed climate change as “the greatest con […]

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FTC Settles Amazon Prime Deceptive Practices Suit for $2.5 Billion

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The Federal Trade Commission secured a $2.5 billion settlement with Amazon to resolve allegations that the company used deceptive enrollment and cancellation practices in its Prime program, comprising $1.5 billion in consumer redress and a $1 billion civil penalty. The FTC said the redress will reach an estimated 35 million consumers and that some eligible […]

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Flight Cancellations Disrupt Major US Hubs and Passengers Schedule

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United, Delta, American, Alaska and other carriers canceled 118 flights across major U.S. airports today, grounding thousands of passengers in cities including Washington, New York, Los Angeles, Phoenix and Boston and producing widespread operational knock‑on effects at affected terminals. Operational sources and industry reporting attribute the wave of cancellations to a convergence of problems: a […]

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UNCF Head on $70M Donation by MacKenzie Scott to Bolster HBCUs

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The United Negro College Fund announced a landmark $70 million gift from philanthropist MacKenzie Scott, a donation UNCF says will strengthen the pooled endowment serving its member historically Black colleges and universities and support a broader $1 billion capital campaign to secure long‑term stability for HBCUs. UNCF plans to allocate the funds into a pooled […]

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Brineworks Secures €6.8 Million to Scale Direct Air Capture for e-Fuels

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Amsterdam-based climate technology startup Brineworks has closed a €6.8 million seed round (about US$7.3 million) to accelerate commercialization of its Direct Air Capture (DAC) system and associated electrolyzer, and earlier this year the company received a €1.8 million European Innovation Council Accelerator grant to support pilot deployment. Brineworks says its core innovation is a patented, […]

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President Trump Signals Imminent Gaza Deal Amid Mounting Diplomatic Momentum

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In a statement that stirred cautious optimism, U.S. President Donald Trump declared that a deal to resolve the Gaza hostage crisis was “near,” suggesting that the release of captives could be imminent. His remarks, delivered with characteristic brevity, have injected fresh urgency into diplomatic efforts already underway across multiple capitals. The conflict, marked by cycles […]

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Budget Airlines Face Mixed Fortunes Amid Industry Recovery in 2025 with Overall Positive Outlook for the Future

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DUBLIN — While the global airline industry is showing signs of recovery in 2025, budget carriers are navigating a complex financial landscape marked by rising costs, uneven demand, and strategic missteps. According to the International Air Transport Association (IATA), the industry is projected to earn $36 billion in net profits this year, up from $32.4 […]

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