Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Sensational developments for doomed MH370 flightpath

Published

on

There has been a sensational development into the doomed Malaysia Airlines flight which went missing in 2014

A flight engineer claims he’s used a computer program, and has discovered the doomed flight MH370 was put into a 20-minute holding pattern, prior to the Boeing 777 vanishing.

The doomed jet was en route from Kuala Lumpur to Beijing in 2014 when it disappeared with 239 passengers on board, sparking one of the greatest aviation mysteries ever.

Engineer Richard Godfrey claims he’s been tracking the Boeing 777’s flight path using WSPRnet – which uses radio signals – and reports he’s made a major breakthrough.

According to AirlineRatings, Godfrey stated that the plane was put into a holding pattern for around 22 minutes near the coastline of Sumatra – an Indonesian island.

Godfrey says using WSPRnet he is able to track all aircrafts going back as far as 2009.

Godfrey says he will be able to trace MH370 to its final resting place by the end of this month

“What I found out, without looking for it, was that MH370 entered a race track holding pattern at around 19:12 UTC.”

“I was surprised to discover that not only did MH370 enter a holding pattern but that the holding pattern lasted for around 22 minutes until 19:34 UTC.

“On entering the holding pattern MH370 was 150 nm [nautical miles] from the coast of Sumatra and 40 nm from the 2nd Arc.”

From the time the jet disappeared, there has been a number of theories surrounding what happened to the Boeing 777, including that pilot Zaharie Ahmad Shah committed a mass murder-suicide.

Godfrey’s claims raise questions over why Shah would put the plane into a holding pattern.

Continue Reading

Money

France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

Published

on

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

video
play-sharp-fill
In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


Download the Ticker app

Continue Reading

Money

Trump moves to fast-track removal of Fed governor Lisa Cook

Published

on

The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

Continue Reading

Money

ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

Published

on

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


Download the Ticker app

Continue Reading

Trending Now