ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Binance CEO Richard Teng says the crypto industry has gained ‘extremely strong’ momentum as clearer regulations and stablecoins drive cheaper, faster cross-border payments. Source link
Binance Pay and Bhutan partner to launch crypto payment system for tourists: Binance CEO Read More »
Air traffic controllers have been under strain for years, but a 90-second equipment failure last month exposed how decades of staffing shortages, underinvestment and patchwork solutions for those who guide planes through some of the world’s most congested airspace are taking their toll. The outage also sparked hundreds of flight delays, disrupting travel for thousands
Why U.S. air traffic control is stretched so thin — and the fight to fix it Read More »
Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. The company’s shares closed down 2.5%. Here’s how Uber did versus analysts’ estimates compiled by LSEG: Earnings per share: 83 cents vs. 50 cents expected. Revenue: $11.53 billion vs. $11.62 billion expected. Revenue at the ride-hailing company grew
Uber misses revenue expectations with trips up 18% over last year Read More »
Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays and raised more concerns about aging U.S. aviation infrastructure and staffing shortages. The controllers who guide flights in and out of the New Jersey airport
United Airlines will cancel 35 roundtrip flights a day from its schedule at Newark Liberty International Airport in New Jersey after thousands of passengers faced hourslong delays this week, CEO Scott Kirby said Friday, blaming the disruptions on air traffic controller staffing shortages and the Federal Aviation Administration’s technology problems. The flight cuts amount to about
American Airlines‘ new suites with sliding doors are set to start flying on some of its planes in June, a key part of its strategy to compete against more profitable rivals for high-spending customers. American first unveiled the new design in September 2022 and expected to start flying the new seats in 2024 but, like
American Airlines to debut new suites with sliding doors after delays Read More »
The cruise industry is on the lookout for rough seas ahead when it comes to consumer confidence and travel budgets. For instance, Norwegian Cruise Line Holdings reports some “choppiness” in cruises booked to Europe from the United States in the third quarter. “It was actually booking really, really well till about a month or two
Norwegian Cruise Line shares fall on potential softness Read More »
Pakistan’s closure of its airspace to Indian airlines Thursday is forcing carriers to alter some routes that link India to Europe, North America, Central Asia and the Middle East. Indian carriers â including Air India, IndiGo, Akasa Air and SpiceJet â must now fly longer, and thus costlier, flights on some westbound routes. The detour
Indian airlines can't fly over Pakistan. Here's how that is affecting flights Read More »
Is a recession brewing in row 33? Airline CEOs this month warned Wall Street that passengers’ appetite for domestic trips is coming in lighter than they had hoped when they set forecasts high at the start of 2025. On a series of earnings calls, they said the reasons range from President Donald Trump’s whipsawing tariff
Plane tickets are getting cheaper as domestic travel demand weakens Read More »
Caroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish Steps in Rome, they ran into another family from their town. Two other families from the same area were also independently visiting Italy at the same time, she said.
International tourism to the U.S. slumps, but Americans can't stop traveling overseas Read More »
