Money

Indian aviation watchdog bars 90 pilots from flying 737 MAX

Published

4 years ago

April 14, 2022

India’s aviation watchdog is cracking down on flight crews operating the once-troubled Boeing 737 MAX

As airlines across the world struggle to find staff now that the aviation sector is rebounding, there’s troubling at Indian budget carrier SpiceJet.

The airline has revealed that the Indian aviation regulator has asked 90 of its pilots to refrain from flying the once-troubled Boeing 737 MAX planes.

The watchdog stated all 90 pilots must be retrained in flying the aircraft, and shall not be able to operate the jet until then.

SpiceJet, which currently operates 11 MAX aircraft and has 144 pilots to fly them, stated that its pilots have been restricted by authorities from operating the jets, until they are retrained and retrained to India’s Directorate General of Civil Aviation’s satisfaction.

Indian media reported that the restrictions were imposed after flaws were discovered at a simulator facility near Delhi where they had received training for the Boeing Max jet.

The impacted pilots are still able to operate other types of Boeing 737 aircraft such as the 737-800, and the restriction does not impact MAX operations itself, a SpiceJet spokesperson has confirmed.

The airline is Boeing’s biggest customer in the South Asian nation for MAX planes.

“We are working closely with all parties involved including our supplier and the DGCA to ensure the maintenance and operation of this specific device complies with all regulatory requirements,”
Boeing said in a statement.

“We are committed to ensuring our customers receive high quality simulation experiences in accordance with all regulations.”
Boeing says.

The pilots need to retrain successfully and we will take strict action against those found responsible for the lapse, Arun Kumar, the directorate general at India’s air safety watchdog DGCA, said.

In August, the regulator cleared the 737 MAX aircraft to fly after a near two-and-a-half-year regulatory grounding following two fatal crashes in 2019.

As part of the agreement to return the jets to service, Boeing and regulators agreed to beef up training for pilots to also include simulator training.

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

16 hours ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

2 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

3 days ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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