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As planes return to the sky, airline accidents increase

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The good news is that aviation is starting to return to normal, but the bad news is that aviation accidents have risen over the past year.

The number of commercial jet aircraft accidents rose in 2021 over the previous year, reflecting an increase in global flights.

It’s been a rocky few years for global aviation, battered by the pandemic and higher oil prices around the world.

There were 23 commercial jet aircraft accidents in 2021, according to the 53rd edition of Boeing’s annually updated report.

Read the full report here: Statistical Summary of Commercial Jet Airplane Accidents: Worldwide Operations: 1959-2021.

Only one accident was fatal – a Sriwijaya Air Boeing 737-500 that lost altitude shortly after take-off on 9 January 2021.

The aircraft took off and crashed into the ocean off the coast of Indonesia.

Six crew members and 56 passengers died and the aircraft was destroyed.

The global commercial jet fleet logged about 46.9 million flight hours in 2021, up 11% from 42.2 million hours in 2020, seen as the worst year of the pandemic.

There were 17 commercial jet accidents in 2020, three of which were fatal.

Four of the accidents in 2021 resulted in hull losses, meaning the aircraft was damaged beyond repair.

Declining number of accidents

The annual global rate of fatal accidents involving commercial jets has been less than 0.2 per one million flights over the past decade – down from an annual rate between roughly 0.4 and 0.8 the prior decade.

“Over the past 63 years, hull losses and onboard fatalities declined dramatically while the number of flights continued to increase,” the Boeing report says.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Hainan’s hidden paradise is transforming the global economy

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Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

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From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

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How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

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Market speculation rises, fueling concerns about correction

Investors are concerned about market speculation amid rising options trading and booming meme stocks and cryptocurrencies during a lengthy bull market.

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Investors are concerned about market speculation amid rising options trading and booming meme stocks and cryptocurrencies during a lengthy bull market.

In Short

Investors are worried about rising speculation in options, meme stocks, and cryptocurrencies, which may lead to market corrections despite ongoing enthusiasm. Analysts highlight elevated stock valuations and concerns over inflation and interest rates as key risks for future market stability.

Despite challenges such as trade wars and competition from AI, enthusiasm remains high. However, some traders fear that this speculation could lead to significant market corrections.

Seema Shah, a strategist at Principal Asset Management, has noted increasing signs of market froth, suggesting vulnerability to disappointments.

A key indicator of this is the strong performance of popular stocks like Palantir Technologies, which saw a significant increase following positive sales growth, and Strategy, a company heavily invested in Bitcoin.

Meme stocks, including GameStop and BlackBerry, have also experienced notable price increases, raising questions about market behaviour.

Record volumes

Options trading is surging, with record daily volumes noted in January, indicating heightened activity among traders looking for quick profits.

Speculation is spreading beyond traditional markets into prediction markets and cryptocurrencies, with Bitcoin reaching record highs in January.

Meme coins, which derive value from internet popularity, have also gained traction, while overall stock valuations appear elevated compared to historical averages.

Although elevated valuations do not guarantee a selloff, they pose risks to long-term returns and are closely tied to the needs for strong corporate earnings.

Analysts warn that persistently high inflation could disrupt current market conditions, especially if interest rates remain elevated.

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