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Why Malaysia Airlines will retire its fleet of A380’s

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Malaysia Airlines has confirmed they are set to retire their entire fleet of A380 aircraft

All six of Malaysia’s A380 superjumbo’s will end their service over the next few months.

The change comes as the airline transitions to twin-engine jets only.

Given the poor second-hand market for the jet, the airline is still figuring out its game plan to retire the aircraft.

Why the superjumbo hasn’t been quite so super

Airlines that operate the A380 often say the jet is hard to fill, expensive to run, and inefficient. The jet is the largest commercial airplane ever built.

The rapid decline of the Airbus comes at a time where the aviation industry is evolving.

The decision to stop production on the A380 came after Emirates, which operates more than half of all flights using the plane, halved its latest order.

After being in production for a little over 12 years, the A380 will go down as one of the shortest-lived models in aviation history.

Moving towards twin engine aircraft

Airlines are now shifting towards twin engine aircraft such as the popular Boeing 787 Dreamliner.

As a result, the giant of the skies could well be the last of its kind.

A380 super jumbo Emirates airplane

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Business

Russia defaults on foreign debt for the first time in a century

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Russia has failed to pay out its overseas debt for the first time in over 100 years

The country missed its Sunday deadline due to challenges in transferring the payments to international creditors.

Moscow has the funds to make the 100 million dollar payment but sanctions have complicated the process.

The country is unhappy with the situation with the finance minister calling the situation “a farce”.

The last time that Russia defaulted on its foreign debt was in 1918 when leader Vladimir Lenin did not pay out debts on behalf of the Russian Empire.

Russia has been hit with sanctions by a number of countries in response to its invasion of Ukraine.

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Business

Instagram introduces new process to crack down on underage users

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The majority of social media platforms have an age limit of 13 years old, but how is this really being regulated?

Instagram is exploring new ways for teenagers to verify their age and comply with platform rules.

The gram is turning to video selfies to crack down on minors editing their date of birth to make them appear over 18.

The Meta-owned app is testing video selfies with facial analysis software as a new age-verification method.

For a U.S. teen who wants to join insta, they will need to upload ID, ask three adult users to vouch for them or take a video selfie.

Meta says it hopes the new methods will ensure teens have an “age-appropriate experience” on the content sharing app.

Video selfies have become a popular way for digital platforms – such as online banking apps – to verify users’ age or identity.

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Business

U.S. firms to pay staff travel expenses for abortions

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Major companies have reassured staff that if they require an abortion, they will cover their travel expenses

Disney, JP Morgan, Amazon and Meta are among the companies to announce similar moves for women.

This comes as millions of US women face restricted access after a landmark ruling by the US Supreme Court overturned the constitutional right to abortion.

A growing number of companies have confirmed they will cover travel costs through their health insurance plans for employees who leave their home state to get an abortion.

Disney employs around 80,000 people at its resort in Florida, where the governor has already signed into law a ban on abortions after 15 weeks of pregnancy, which is scheduled to take effect on 1 July.

Banking giant JP Morgan and another leading US investment bank, Goldman Sachs, also said it would cover travel expenses for employees.

Social media company Meta said it intended to reimburse travel expenses where permitted by law.

Other companies which have indicated they will take similar steps include Vogue publisher, jeans brand Levi and ride hailing companies Lyft and Uber.

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