Russia’s largest cargo airline has suspended all flights using Boeing aircraft due to Western sanctions.
Sanctions have cut off the supply of most aircraft and parts to Russia.
The United States and Europe have closed their airspace to Russian airlines, and Moscow has imposed the same measure on them.
Volga-Dnepr said in a statement it had stopped operations of two of its subsidaries – AirBridgeCargo and Atran – that use 18 Boeing 747 and 6 Boeing 737 airplanes due to sanctions and a decision by Bermuda’s Civil Aviation Authority (BCAA) to terminate their safety certificates.
“The management of Volga Dnepr has made a conscious decision to find a possible solution together with partners and state regulators,” it said in a statement.
Volga-Dnepr, which describes itself as the world leader in the oversize and heavy cargo market, continues to fly Russian-made aircraft including An-124 and Il-76 cargo jets.
Russia has passed a law allowing the country’s airlines to place aircraft leased from foreign companies on Russia’s aircraft register.
Real reason bosses want employers back in the office
As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.
Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.
This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured
Businesses cash in on Black Friday sales
Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.
The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.
Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.
Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured
Australian inflation figure finally starts with a 4
Australia’s October inflation figures have surprised economists, as consumer prices rose at a slower pace than anticipated.
This slowdown was primarily attributed to a significant drop in goods prices, contributing to the nation’s subdued economic climate.
The Consumer Price Index (CPI) for October indicated a modest 0.4% increase, falling short of the 0.7% forecasted by analysts. On an annual basis, inflation stood at 2.1%, below the Reserve Bank of Australia’s target range of 2-3%. This unexpected deceleration is likely to affect the country’s monetary policy decisions in the near future.
Goods prices, including essential items like fuel and food, recorded a notable decrease of 0.8%, mainly due to supply chain disruptions and global economic uncertainties. Meanwhile, services prices continued to rise, albeit at a slower rate, driven by higher wages in some sectors.
This unexpected dip in inflation raises questions about the overall health of the Australian economy and the central bank’s strategies to combat it. Policymakers now face the challenge of balancing economic growth with the need to manage inflation effectively. #ticker today #featured
Microsoft’s non-voting board seat in OpenAI revival
Victoria’s Secret criticized for trans woman’s apology
Has the Australian Defence Force become top heavy?
Crypto.com accidentally transfers $10.5m to woman instead of $100
What is happening between SHIB and Vitalik? | TICKER VIEWS
Russia has cancelled itself. But the world should beware of poking the Russian bear￼
Tech5 days ago
Teens allegedly exploited by Meta’s designed products
Tech5 days ago
Elon Musk’s warning about OpenAi drama
News5 days ago
Meghan Markle names Royals in skin colour controversy
Shows4 days ago
Why Australia needs to take ASEAN seriously
Money4 days ago
Bill Gates’ journey to owning vast heartland farmland
News4 days ago
Mark Zuckerberg’s unique daily routine and diet
Tech5 days ago
NVIDIA faces lawsuit for trade secret theft
News5 days ago
Climate activists disrupt shipping at Australian coal port