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Qatar Airways forced by regulators to ground 13 aircraft
13 aircraft within the Qatar Airways fleet have been grounded by authorities
Qatar Airways has been instructed by its regulator to ground 13 Airbus A350 planes due to a “faster than expected deterioration” of the fuselage surface below the paint on the jets.
The state-owned Gulf airline stated that it had been told to ground the planes until “the root cause can be established.”
The airliner says a satisfactory solution will need to be made available to permanently correct the underlying condition of the jets, and they will remain grounded until then.
Qatar Airways has been locked in a months-long public dispute with Airbus
The carrier is insisting it would not take any deliveries of the carbon-composite widebody jet until the problem was resolved.
“With this latest development, we sincerely expect that Airbus treats this matter with the proper attention that it requires,”
Qatar Airways Chief Executive Akbar Al Baker said in a statement announcing the regulator’s grounding of the jets.
“Qatar Airways expects Airbus to have established the root cause and permanently corrected the underlying condition to the satisfaction of Qatar Airways and our regulator before we take delivery of any further A350 aircraft.”
According to reports, an Airbus spokesperson has stated that the planemaker was always in talks with its customers but those discussions were confidential, declining to comment further.
Qatar Airways said in June it had grounded some of its A350 jets until the issue could be understood and fixed, without disclosing how many aircraft had been pulled from service.
Money
U.S. and China approve TikTok sale to American investors
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.
This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.
Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.
The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.
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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.
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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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.
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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