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US inflation at nearly 40-year high

US Consumer prices at nearly 40-year high as rental accommodation & used cars maintain strong gains

A tweet falsely claims that a deal took place between Zee Media and Adani Group.

The fake news report has been going viral on social media, however, it is a blatant lie. The report is completely baseless.

The top management of Zee Media has strongly refuted this fake and false tweet because no such deal took place with the Adani group.&nbsp;

"We completely refute any such rumour being spread by some journalist around talks between Dr. Subhash Chandra and Gautam Adani related to Zee Media. There is no talk between both groups. This is false news," confirmed Ronak Jatwala, official spokesperson of the&nbsp;company.

Here is the tweet:-

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Gautam Adani and Subhash Chandra enter in to an exclusive agreement . Adani enterprise to acquire Zee media in an all cash deal at Rs 30 per share. Sanjay Pugalia to be CEO of Zee news.
— Anurag Chaturvedi (@AnuragC1106) <a href="https://twitter.com/AnuragC1106/status/1481100208100773891?ref_src=twsrc%5Etfw">January 12, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

The Zee Media management has asked people not to believe such rumours as there has been no dialogue between the two groups.

The tweet said Gautam Adani and Essel Group Chairman Subhash Chandra had entered into&nbsp;an exclusive agreement. However, this is completely baseless and the news is fake.

A tweet falsely claims that a deal took place between Zee Media and Adani Group. The fake news report has been going viral on social media, however, it is a blatant lie.

A tweet falsely claims that a deal took place between Zee Media and Adani Group. The fake news report has been going viral on social media, however, it is a blatant lie. The report is completely baseless. The top management of Zee Media has strongly refuted this fake and false tweet because no such deal took place with the Adani group. "We completely refute any such rumour being spread by some journalist around talks between Dr. Subhash Chandra and Gautam Adani related to Zee Media. There is no talk between both groups. This is false news," confirmed Ronak Jatwala, official spokesperson of the company. Here is the tweet:- Gautam Adani and Subhash Chandra enter in to an exclusive agreement . Adani enterprise to acquire Zee media in an all cash deal at Rs 30 per share. Sanjay Pugalia to be CEO of Zee news. — Anurag Chaturvedi (@AnuragC1106) January 12, 2022 × The Zee Media management has asked people not to believe such rumours as there has been no dialogue between the two groups. The tweet said Gautam Adani and Essel Group Chairman Subhash Chandra had entered into an exclusive agreement. However, this is completely baseless and the news is fake.

Fake news: Tweet on Zee Media-Adani Group deal is false and baseless

World Bank's Economic forecast sees sharp growth slowdown as new variants of COVID-19 threatens recovery.

World Bank's Economic forecast: Sharp growth slowdown as new COVID-19 variants threatens recovery

The job market bounces back to pre-pandemic levels as South Korea records the largest job growth in 7 years.

South Korea records largest job growth in 7 years

US oil prices rose sharply yesterday climbing above $81 a barrel for the first time in two months. Crude closed at $81.22 a barrel, up nearly four percent on the day now it's the highest level for oil since November.

US crude oil prices climb to two-month high

The latest COVID-19 wave has left millions of Americans scrambling for tests, braving long lines in the cold at pop-up sites or searching furiously online for kits to use at home. But for a select group of employees at some of the country’s largest companies, tests are free and often readily available.

Without an adequate federal system for developing and distributing rapid tests, companies have put their own testing services in place.

Google will send full-time employees in the United States free at-home tests that deliver results within minutes and retail for more than $70 each. BlackRock, an investment firm that manages nearly $10 trillion in assets, offers telehealth supervision as employees self-administer rapid tests for international travel. At JPMorgan Chase, bankers can order at-home rapid tests from an internal company site.

Some companies are using the tests to call their staff back to the office. For others, at-home COVID testing has become the newest wellness benefit, a perk to keep employees healthy and working — even from their couches — while providing peace of mind.

The testing available to a small number of white-collar professionals underscores the difference between their pandemic experience and that of other Americans, putting them at an advantage over many, including workers at small businesses without the means to procure testing kits for their staffs. Like personal protective equipment and vaccines, tests have become the latest example of how a tool to battle the pandemic can exacerbate social and economic divides.

“We’re the epicenter of the epicenter and I can’t get test kits anywhere,” said Thomas Grech, president of the Queens Chamber of Commerce, which has roughly 1,400 members that employ about 150,000 workers in the borough.

Some employers secured contracts with companies that supply or administer tests in the earlier months of the pandemic, before the omicron variant unexpectedly drove up demand. Some are incorporating testing as part of their return-to-office protocols.

Belle Haven Investments, an asset management firm in Westchester County in New York with only 40 employees, has been storing tests in a supply closet.

“We’re trying to stockpile them,” said Laura Chapman, chief operating officer of the firm, which has not mandated a return to the office, though many workers have voluntarily come back. She added that the company was ordering only as many tests as employees are demanding, and they are facing shortages: “Those tests, man, those home tests are so hard to get.”

In the United States, the federal government has moved more slowly than other countries to authorize rapid antigen tests for everyday use. Britain, for example, was quicker to approve rapid tests as a public health tool, leading to faster production. And unlike Washington’s approach to vaccines, the development of rapid tests has until recently been mostly financed by private companies like Abbott Laboratories. The result is a nationwide shortage of tests.

Americans who cannot get tests are often left to wait in lines that can run as long as three hours. Or they can try to buy at-home tests online or in stores. Walgreens and CVS last month announced limits on the purchase of at-home rapid test kits at stores.

The Biden administration has stepped up its efforts to make tests more broadly available and affordable, requiring insurer reimbursement for tests, invoking the Defense Production Act and announcing plans to ship 500 million tests to Americans. The United States is expected to have 1 billion tests by the end of this year, or three tests per person, according to Tinglong Dai, a professor at Johns Hopkins Carey Business School. The country is now performing more than 2 million tests a day on average, up from about 500,000 last summer and higher than at any previous point in the pandemic.

Joseph Allen, an associate professor at the Harvard T.H. Chan School of Public Health, said earlier coordination on the national level could have “flooded the market” with tests and made them more available for everyone.

“It doesn’t surprise me that many organizations who were recognizing they need these tests to stay in business were buying them,” Allen said.

But with testing kits scarce, and sorely needed by people who cannot work remotely, some public health experts question the current distribution of resources.

“There’s a few better targets than at-home white-collar workers,” said Dr. Benjamin Mazer, a pathologist in Connecticut specializing in laboratory medicine.

BlackRock, which has more than 7,600 U.S. employees and has extended its work-from-home flexibility through Jan. 28, offers its staff up to one at-home PCR testing kit each week, up to six monthly at-home antigen kits for employees or their family members exposed to COVID, and telehealth supervision for self-administered rapid tests needed for international travel, an option begun over the December holidays.

At Morgan Stanley, bankers can receive up to four free BinaxNOW tests every two weeks through a third party, which cost about $40 in stores, though the shortage of tests has delayed shipment arrival. At JPMorgan Chase, where employees said they were told last month they could temporarily work from home because of the fast-spreading omicron variant, bankers can order rapid tests.

TIAA, an investment firm with 12,000 workers in the United States, began offering free at-home testing to its staff in December 2020. The majority of its employees have worked from home since the start of the pandemic, though roughly 5% had been coming into the office last year. There is no limit on the number of tests employees can order, for themselves as well as their family members, according to a spokesperson, Jessica Scott.

“The goal of offering that is providing comfort to our employees so they don’t have to unnecessarily worry or be burdened by having to find a test outside the home,” said Sean Woodroffe, the firm’s head of human resources.

TIAA is considering expanding its testing options, by exploring a partnership with the company Detect, which makes at-home molecular tests. “We’re not hoarding tests,” Woodroffe added. “We have tests to fulfill our demand.”

Google’s full-time employees in the United States have access to multiple types of coronavirus tests they can take at home, the company said. Employees have been able to request PCR tests provided by a company called BioIQ since last year. Employees collect a nasal swab at home, and it is processed in the company’s lab.

Google also distributes to employees who want one a small testing device that produces results in minutes.

To perform the rapid molecular test, employees insert a cartridge into the reader, swab their nose and place the swab in the cartridge for results sent by phone. The test is made by a company called Cue Health, which provided testing for the NBA bubble.

Google signed a deal with Cue Health in April to provide its employees with the test kits, according to a securities filing. The devices did not become available to the public for direct purchase until November. Cue Health also had a prior contract with the federal government and assisted the agency in distributing the tests across 20 states.

Consumers can now buy one of the readers directly from Cue Health for $250, and a 10-pack of the test cartridges retails for $712. Google gives employees 10 tests with the Cue Health reader, and will cover the cost of up to 20 more test cartridges per employee each month. (Cue Health said that it offered memberships for consumers, which include discounts on tests and the reader.)

Google uses many temporary workers, vendors and contractors who do not get access to the Cue Health tests, according to documents reviewed by The New York Times. A spokeswoman for Google said temporary workers and vendors may use the at-home PCR tests performed by BioIQ if they are coming into Google’s U.S. offices.

Other technology companies have taken more limited approaches to testing. Microsoft offers free rapid antigen home tests to employees on its campus, said a spokesperson, Frank Shaw. Meta, Facebook’s parent company, provides testing at around 10 of its offices for employees who have returned for in-person work, said Tracy Clayton, a press officer for the company.

But for many businesses, and their workers, tests are far harder to come by.

Jesus Caicedo-Diaz, who owns Skal, a restaurant in Brooklyn, said his employees were struggling to get COVID test results before the business opened at 10 a.m., with testing lines often running hours long by early morning.

Finding at-home tests is an even greater challenge. “They’re nowhere to be found. They’re all gone. If you do find them, they want $30 for them,” Caicedo-Diaz said. “If you go to a test site they tell you your result won’t come on time. I don’t know how to navigate this. It’s driving me crazy.”

The latest COVID-19 wave has left millions of Americans scrambling for tests, braving long lines in the cold at pop-up sites or searching furiously online for kits to use at home.

The latest COVID-19 wave has left millions of Americans scrambling for tests, braving long lines in the cold at pop-up sites or searching furiously online for kits to use at home. But for a select group of employees at some of the country’s largest companies, tests are free and often readily available. Without an adequate federal system for developing and distributing rapid tests, companies have put their own testing services in place. Google will send full-time employees in the United States free at-home tests that deliver results within minutes and retail for more than $70 each. BlackRock, an investment firm that manages nearly $10 trillion in assets, offers telehealth supervision as employees self-administer rapid tests for international travel. At JPMorgan Chase, bankers can order at-home rapid tests from an internal company site. Some companies are using the tests to call their staff back to the office. For others, at-home COVID testing has become the newest wellness benefit, a perk to keep employees healthy and working — even from their couches — while providing peace of mind. The testing available to a small number of white-collar professionals underscores the difference between their pandemic experience and that of other Americans, putting them at an advantage over many, including workers at small businesses without the means to procure testing kits for their staffs. Like personal protective equipment and vaccines, tests have become the latest example of how a tool to battle the pandemic can exacerbate social and economic divides. “We’re the epicenter of the epicenter and I can’t get test kits anywhere,” said Thomas Grech, president of the Queens Chamber of Commerce, which has roughly 1,400 members that employ about 150,000 workers in the borough. Some employers secured contracts with companies that supply or administer tests in the earlier months of the pandemic, before the omicron variant unexpectedly drove up demand. Some are incorporating testing as part of their return-to-office protocols. Belle Haven Investments, an asset management firm in Westchester County in New York with only 40 employees, has been storing tests in a supply closet. “We’re trying to stockpile them,” said Laura Chapman, chief operating officer of the firm, which has not mandated a return to the office, though many workers have voluntarily come back. She added that the company was ordering only as many tests as employees are demanding, and they are facing shortages: “Those tests, man, those home tests are so hard to get.” In the United States, the federal government has moved more slowly than other countries to authorize rapid antigen tests for everyday use. Britain, for example, was quicker to approve rapid tests as a public health tool, leading to faster production. And unlike Washington’s approach to vaccines, the development of rapid tests has until recently been mostly financed by private companies like Abbott Laboratories. The result is a nationwide shortage of tests. Americans who cannot get tests are often left to wait in lines that can run as long as three hours. Or they can try to buy at-home tests online or in stores. Walgreens and CVS last month announced limits on the purchase of at-home rapid test kits at stores. The Biden administration has stepped up its efforts to make tests more broadly available and affordable, requiring insurer reimbursement for tests, invoking the Defense Production Act and announcing plans to ship 500 million tests to Americans. The United States is expected to have 1 billion tests by the end of this year, or three tests per person, according to Tinglong Dai, a professor at Johns Hopkins Carey Business School. The country is now performing more than 2 million tests a day on average, up from about 500,000 last summer and higher than at any previous point in the pandemic. Joseph Allen, an associate professor at the Harvard T.H. Chan School of Public Health, said earlier coordination on the national level could have “flooded the market” with tests and made them more available for everyone. “It doesn’t surprise me that many organizations who were recognizing they need these tests to stay in business were buying them,” Allen said. But with testing kits scarce, and sorely needed by people who cannot work remotely, some public health experts question the current distribution of resources. “There’s a few better targets than at-home white-collar workers,” said Dr. Benjamin Mazer, a pathologist in Connecticut specializing in laboratory medicine. BlackRock, which has more than 7,600 U.S. employees and has extended its work-from-home flexibility through Jan. 28, offers its staff up to one at-home PCR testing kit each week, up to six monthly at-home antigen kits for employees or their family members exposed to COVID, and telehealth supervision for self-administered rapid tests needed for international travel, an option begun over the December holidays. At Morgan Stanley, bankers can receive up to four free BinaxNOW tests every two weeks through a third party, which cost about $40 in stores, though the shortage of tests has delayed shipment arrival. At JPMorgan Chase, where employees said they were told last month they could temporarily work from home because of the fast-spreading omicron variant, bankers can order rapid tests. TIAA, an investment firm with 12,000 workers in the United States, began offering free at-home testing to its staff in December 2020. The majority of its employees have worked from home since the start of the pandemic, though roughly 5% had been coming into the office last year. There is no limit on the number of tests employees can order, for themselves as well as their family members, according to a spokesperson, Jessica Scott. “The goal of offering that is providing comfort to our employees so they don’t have to unnecessarily worry or be burdened by having to find a test outside the home,” said Sean Woodroffe, the firm’s head of human resources. TIAA is considering expanding its testing options, by exploring a partnership with the company Detect, which makes at-home molecular tests. “We’re not hoarding tests,” Woodroffe added. “We have tests to fulfill our demand.” Google’s full-time employees in the United States have access to multiple types of coronavirus tests they can take at home, the company said. Employees have been able to request PCR tests provided by a company called BioIQ since last year. Employees collect a nasal swab at home, and it is processed in the company’s lab. Google also distributes to employees who want one a small testing device that produces results in minutes. To perform the rapid molecular test, employees insert a cartridge into the reader, swab their nose and place the swab in the cartridge for results sent by phone. The test is made by a company called Cue Health, which provided testing for the NBA bubble. Google signed a deal with Cue Health in April to provide its employees with the test kits, according to a securities filing. The devices did not become available to the public for direct purchase until November. Cue Health also had a prior contract with the federal government and assisted the agency in distributing the tests across 20 states. Consumers can now buy one of the readers directly from Cue Health for $250, and a 10-pack of the test cartridges retails for $712. Google gives employees 10 tests with the Cue Health reader, and will cover the cost of up to 20 more test cartridges per employee each month. (Cue Health said that it offered memberships for consumers, which include discounts on tests and the reader.) Google uses many temporary workers, vendors and contractors who do not get access to the Cue Health tests, according to documents reviewed by The New York Times. A spokeswoman for Google said temporary workers and vendors may use the at-home PCR tests performed by BioIQ if they are coming into Google’s U.S. offices. Other technology companies have taken more limited approaches to testing. Microsoft offers free rapid antigen home tests to employees on its campus, said a spokesperson, Frank Shaw. Meta, Facebook’s parent company, provides testing at around 10 of its offices for employees who have returned for in-person work, said Tracy Clayton, a press officer for the company. But for many businesses, and their workers, tests are far harder to come by. Jesus Caicedo-Diaz, who owns Skal, a restaurant in Brooklyn, said his employees were struggling to get COVID test results before the business opened at 10 a.m., with testing lines often running hours long by early morning. Finding at-home tests is an even greater challenge. “They’re nowhere to be found. They’re all gone. If you do find them, they want $30 for them,” Caicedo-Diaz said. “If you go to a test site they tell you your result won’t come on time. I don’t know how to navigate this. It’s driving me crazy.”

Why some workers are getting all the Covid tests they need

In what is said to be the biggest acquisition in gaming history, the maker of 'Grand Theft Auto' to buy 'Farmville' maker Zynga.

Biggest acquisition in gaming history: Maker of 'Grand Theft Auto' to buy Farmville maker Zynga

WEF survey finds 4 areas of emerging risks for global recovery with Freak weather being world's biggest risk. Gloomy outlook for global recovery.

WEF survey finds 4 areas of emerging risks for global recovery

China's property sector crisis has deepened. After reports came that another property giant Shimao had to put all of its projects up for sale and Evergrande attempted another high-profile default.

China: Property giant Shimao had to put all of its projects up for sale

Animations to video clips sales of NFTs reached some 25 billion dollars in 2021, as the cumulative crypto-asset exploded in popularity. However, reports say there are signs of growth slowing towards the end of the year.

Non-Fungible token sales hit $25 Billion dollars in 2021

Antitrust authority of the European Union will block shipbuilding merger of South Korean companies Daewoo and Hyundai due to concerns that the deal may restrict supply of cargo vessels. The possibility of the veto was reported by AFP citing sources.

The veto of the tie-up comes two years after Brussels stopped India's Tata Steel and Germany's Thyssenkrupp from merging, and three years after it blocked the merger of the train businesses of Siemens and Alstom, angering France and Germany.

After more than two years of procedure, an unusually long time for this kind of case, the EU commission will announce "in the next few days" its veto to the operation, said a source, confirming a report in the Financial Times.

Of particular concern is the deal's fallout on the construction of ships transporting liquefied natural gas, especially at a time when high energy prices are an acute concern in Europe.

The takeover of Daewoo Shipbuilding &amp; Marine Engineering by rival Hyundai Heavy Industries Holdings would create a group controlling nearly two-thirds of the global LNG cargo ship market, the source said.

But the price of cargo shipping more generally has exploded in recent months due to the shock to the global chain caused by the coronavirus pandemic.

The commission and the two companies "have explored all possible remedies to the competition concerns raised in considerable detail", without success, said a second source for whom the rejection of the operation is "beyond doubt".&nbsp;

The deadline for the decision was set for January 20, after several extensions.

(With inputs from agencies)

Antitrust authority of the European Union will block shipbuilding merger of South Korean companies Daewoo and Hyundai due to concerns that the deal may restrict supply of cargo vessels.

Antitrust authority of the European Union will block shipbuilding merger of South Korean companies Daewoo and Hyundai due to concerns that the deal may restrict supply of cargo vessels. The possibility of the veto was reported by AFP citing sources. The veto of the tie-up comes two years after Brussels stopped India's Tata Steel and Germany's Thyssenkrupp from merging, and three years after it blocked the merger of the train businesses of Siemens and Alstom, angering France and Germany. After more than two years of procedure, an unusually long time for this kind of case, the EU commission will announce "in the next few days" its veto to the operation, said a source, confirming a report in the Financial Times. Of particular concern is the deal's fallout on the construction of ships transporting liquefied natural gas, especially at a time when high energy prices are an acute concern in Europe. The takeover of Daewoo Shipbuilding & Marine Engineering by rival Hyundai Heavy Industries Holdings would create a group controlling nearly two-thirds of the global LNG cargo ship market, the source said. But the price of cargo shipping more generally has exploded in recent months due to the shock to the global chain caused by the coronavirus pandemic. The commission and the two companies "have explored all possible remedies to the competition concerns raised in considerable detail", without success, said a second source for whom the rejection of the operation is "beyond doubt". The deadline for the decision was set for January 20, after several extensions. (With inputs from agencies)

European Union to block South Korean shipbuilding mega-merger

2022 was expected to be the year of recovery. The beginning has been shaky though, the surge in cases has led to disruptions. Financial bodies are revising their estimates, and governments are lowering their projections.

IMF had predicted the global economy to grow by 4.9% in 2022

Beating its rival Boeing, Airbus has kept its crown as the world's largest jet maker for the 3rd year running.

Airbus beats its rival Boeing to keep its top plane maker spot

Registering its second annual decline in a row Mexico's auto production fell by almost two percent last year in comparison to 2022. This is Mexico's flagship industrial sector struggling to pull past the pandemic shocks and also a global semiconductor shortage.

World Business Watch: Mexico's flagship industrial sector struggles

There's been another wave of Covid19 infections across India driven by the Omicron variant of the Coronavirus, and this, of course, had a serious impact on India's aviation sector.

World Business Watch: Air passengers numbers in India decline

Canada could be staring at the beginning of a logistics issue, as Prime Minister Justin Trudeau is pushing ahead with a vaccine mandate for international truckers. The critics have said this will exacerbate the driver shortages and also drive up the price of goods imported from the united states of America.

Canada: Prices of goods imported from United States could go up

France hits Google and Facebook with hefty fines over privacy concerns that include cookie breaches.

Google, Facebook fined for cookie breaches by France

If someone is in a rural area and doesn't have any cash or internet access, he can still buy something or make a transaction of up to Rs 200 using their mobile phone or wallet.

This is now feasible, as the Reserve Bank of India (RBI) announced a framework on Monday that allows offline payments of up to Rs 200 per transaction, subject to a total limit of Rs 2,000, in order to encourage digital transactions in rural and semi-urban regions.&nbsp;

How will the new payment system work?

A transaction that does not require internet or telecom connectivity is referred to as an "offline digital payment."

Payments can be made face-to-face (proximity mode) via any channel or instrument, such as cards, wallets, and mobile devices, in the offline mode.&nbsp;

The Reserve Bank of India stated that these transactions will not require an additional factor of authentication (AFA), and that because the transactions occur offline, the consumer will receive warnings (through SMS and/or e-mail) after a time lag.&nbsp;

Overall limit and framework

Transactions are subject to a limit of Rs 200 per transaction and an overall limit of Rs 2,000 for all transactions until the balance in the account is replenished. Balance replenishment can only occur in an online mode.

The framework integrates feedback from pilot experiments on offline transactions undertaken in various sections of the country from September 2020 to June 2021, according to the statement.&nbsp;

The offline mode of payment can be enabled after obtaining the specific consent of the customer.

Customers will continue to enjoy protection under the provisions of circulars limiting customer liability and will have recourse to the Reserve Bank's Integrated Ombudsman Scheme for grievance redress.

Offline payments can be made using any channel or instrument, like cards, wallets, and mobile devices.

(With inputs from agencies)

If someone is in a rural area and doesn't have any cash or internet access, he can still buy something or make a transaction of up to Rs 200 using their mobile phone or wallet.

If someone is in a rural area and doesn't have any cash or internet access, he can still buy something or make a transaction of up to Rs 200 using their mobile phone or wallet. This is now feasible, as the Reserve Bank of India (RBI) announced a framework on Monday that allows offline payments of up to Rs 200 per transaction, subject to a total limit of Rs 2,000, in order to encourage digital transactions in rural and semi-urban regions. How will the new payment system work? A transaction that does not require internet or telecom connectivity is referred to as an "offline digital payment." Payments can be made face-to-face (proximity mode) via any channel or instrument, such as cards, wallets, and mobile devices, in the offline mode. The Reserve Bank of India stated that these transactions will not require an additional factor of authentication (AFA), and that because the transactions occur offline, the consumer will receive warnings (through SMS and/or e-mail) after a time lag. Overall limit and framework Transactions are subject to a limit of Rs 200 per transaction and an overall limit of Rs 2,000 for all transactions until the balance in the account is replenished. Balance replenishment can only occur in an online mode. The framework integrates feedback from pilot experiments on offline transactions undertaken in various sections of the country from September 2020 to June 2021, according to the statement. The offline mode of payment can be enabled after obtaining the specific consent of the customer. Customers will continue to enjoy protection under the provisions of circulars limiting customer liability and will have recourse to the Reserve Bank's Integrated Ombudsman Scheme for grievance redress. Offline payments can be made using any channel or instrument, like cards, wallets, and mobile devices. (With inputs from agencies)

Digital payments without the internet: All you need to know

Daimler's Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark a fire.

Daimler's Mercedes-Benz warns car owners of a technical defect that could spark a fire

In what appears to be a rare legal showdown over aviation safety, Qatar Airways sues Airbus over skin flaws reported on A350 passenger jets.

Qatar Airways seeks more than 600 million dollars as it sues Airbus over skin flaws on A350 jets

Does 5G delay flights? The CEOs of Boeing & Airbus claim that 5G frequencies can disrupt a flight's radio altimeters & make landings risky.

Does 5G pose a threat to airline safety?

US stocks fell sharply yesterday with NASDAQ plunging more than three percent in its biggest one-day percentage drop since February.

NASDAQ posts biggest one-day drop since February last year

As per aviation analytics firm ‘Cirium’, India’s Chennai airport is the only one from the country to feature in the Top10 global list for On-time performance, in the year 2021.&nbsp;

To arrive at this, Cirium had analysed and compared data from ‘large airports.&nbsp;

"For Chennai Airport, on-time departures to 70 routes globally analysed by Cirium stand at 89.32 percent.The achievement "represents customer service quality and operational excellence," said the aviation analytics firm.&nbsp;

The other airports that featured in the Top10 list were from Japan, Europe etc.&nbsp;

This report comes at a time when the aviation industry is on the revival path and air travel is winning back passengers post pandemic turbulence.&nbsp;

Increased footfalls are forecast, and accordingly, airports and airlines are augmenting their facilities and services.&nbsp;

The most recent traffic figures for Chennai Airport indicate more than 80% recovery in domestic traffic, and is not far away from reaching pre-COVID levels.&nbsp;

"Stakeholder engagement and collaborative decision-making in airport processes has helped Chennai Airport gain passenger and industry confidence.Besides that, the steps taken to enhance airside capacity(number of take-offs and landings that can be handled in a certain period) of Chennai Airport has augured well leading to this achievement, predominantly the commissioning of Rapid Exit Taxi way(C-1), N&amp;R parallel taxiways", says Dr. Sharad Kumar, Airport Director, Chennai Airport.

Cirium reviews the total number of flights in a given month for every airport globally in an ordered list, then looks at where the percentile demarcations fall. For the annual on-time performance review, Cirium takes the total number of flights in a given year for every airport. The firm’s on-time performance reporting for airlines and airports is an objective, third party perspective on on-time performance data, overseen by industry experts with an unbiased view of the industry.

Chennai achieved the 8th rank in On time performance among larger airports wouldn’t have been possible without the consistent efforts of airlines and stakeholders bringing synergy to smooth airport operations. It is a proud moment that an Indian airport is in the top 10. Kudos to the entire aviation fraternity of Chennai Airport, "opined Sh. K.P. Kumar, Chairman, AOC, Chennai Airport.

As per aviation analytics firm ‘Cirium’, India’s Chennai airport is the only one from the country to feature in the Top10 global list for On-time performance, in the year 2021.

As per aviation analytics firm ‘Cirium’, India’s Chennai airport is the only one from the country to feature in the Top10 global list for On-time performance, in the year 2021. To arrive at this, Cirium had analysed and compared data from ‘large airports. "For Chennai Airport, on-time departures to 70 routes globally analysed by Cirium stand at 89.32 percent.The achievement "represents customer service quality and operational excellence," said the aviation analytics firm. The other airports that featured in the Top10 list were from Japan, Europe etc. This report comes at a time when the aviation industry is on the revival path and air travel is winning back passengers post pandemic turbulence. Increased footfalls are forecast, and accordingly, airports and airlines are augmenting their facilities and services. The most recent traffic figures for Chennai Airport indicate more than 80% recovery in domestic traffic, and is not far away from reaching pre-COVID levels. "Stakeholder engagement and collaborative decision-making in airport processes has helped Chennai Airport gain passenger and industry confidence.Besides that, the steps taken to enhance airside capacity(number of take-offs and landings that can be handled in a certain period) of Chennai Airport has augured well leading to this achievement, predominantly the commissioning of Rapid Exit Taxi way(C-1), N&R parallel taxiways", says Dr. Sharad Kumar, Airport Director, Chennai Airport. Cirium reviews the total number of flights in a given month for every airport globally in an ordered list, then looks at where the percentile demarcations fall. For the annual on-time performance review, Cirium takes the total number of flights in a given year for every airport. The firm’s on-time performance reporting for airlines and airports is an objective, third party perspective on on-time performance data, overseen by industry experts with an unbiased view of the industry. Chennai achieved the 8th rank in On time performance among larger airports wouldn’t have been possible without the consistent efforts of airlines and stakeholders bringing synergy to smooth airport operations. It is a proud moment that an Indian airport is in the top 10. Kudos to the entire aviation fraternity of Chennai Airport, "opined Sh. K.P. Kumar, Chairman, AOC, Chennai Airport.

This Indian airport featured in top 10 global list for on-time performance

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