Amazon suspends use of 21 Air, cargo carrier involved in fatal Miami crash

Amazon suspends use of 21 Air, cargo carrier involved in fatal Miami crash

Online retailer Amazon said on Sunday it would suspend use of cargo airline 21 Air after one of its Amazon-branded planes crashed upon landing in Miami this month, killing five people. Amazon spokeswoman Kelly Nantel did not disclose specific factors but said the decision was made after the company reviewed some of the circumstances around … Read more

Trump Urges Federal Reserve To Cut Rates As Market Bets On Warsh Hike

Trump Urges Federal Reserve To Cut Rates As Market Bets On Warsh Hike

President Donald Trump reiterated his call for the Federal Reserve to cut interest rates, even as markets largely expect a rate hike this week amid rising crude oil prices and Treasury yields. “America is so strong that we should pay the lowest interest rate in the world, regardless of their formulas,” Trump told reporters Sunday … Read more

Trump announces end of US tariffs on Irish whiskey

Trump announces end of US tariffs on Irish whiskey

Irish Open fans applauded President Donald Trump after he announced the end of US tariffs on Irish whiskey on Sunday. Fans at the Irish Open applauded President Donald Trump after he announced an end to US tariffs on Irish whiskey on Sunday. Trump made the announcement while speaking at the Open awards ceremony, which was … Read more

Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK | Interest rates

Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK | Interest rates

Central bankers in economies including the United States, Japan and the United Kingdom will face their moment of truth this week, as rising inflation raises the prospect of higher interest rates. Policymakers from the three countries will set rates over the next seven days amid turmoil in global bond markets. In particular, investors will be … Read more

Why stopping a plane from skidding off the runway is a challenge

Why stopping a plane from skidding off the runway is a challenge

On a foggy, rainy day in 1984, a Scandinavian Airlines flight from Oslo skidded off the runway while landing at New York’s John F. Kennedy International Airport. The DC-10 skidded 600 feet off the pavement and plunged into an icy stream, forcing some passengers to swim to safety. But the 177 people on board escaped … Read more