Retraining Spicejet pilots to fly Boeing 737 MAX

It takes only two hours — roughly the time it takes for a plane to fly from Delhi to Mumbai — for a pair of pilots to complete their training on the 737 MAX simulator at Boeing’s centre in Noida, the only one of its kind in India. Going by this estimate, all the 90 Spicejet pilots who the civil […]

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The Worst Corruption Scandal in Each State

Americans are growing less trusting of their political institutions. Per a Gallup poll, less than 40% of Americans have “a great deal” or “quite a lot” of confidence in the presidency, which has been the case since 2010. More than 80% of Americans have had “some,” “very little,” or “no” confidence in Congress for well over a decade. This distrust […]

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Wall Street loses steam ahead of Fed chair's speech

(Reuters) -The S&P 500 and the Nasdaq reversed early gains on Thursday as bond yields hit fresh multi-year highs ahead of a speech by Federal Reserve Chair Jerome Powell, with investors worried about aggressive interest rate hikes this year.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, […]

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Philly Fed Index Indicates Notably Slower Growth In April

Growth in Philadelphia-area manufacturing activity slowed more than expected in the month of April, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current activity slumped to 17.6 in April from 27.4 in March. While a positive reading still indicates growth, economists had expected the index to […]

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Wall Street Likely To Open On Mixed Note

Sluggish futures and mixed economic data point to a mixed start for U.S. stocks on Friday. Concerns about the ongoing war in Ukraine and rising inflation are likely to weigh on sentiment and render the mood cautious. With a long holiday weekend ahead, traders may largely prefer to stay on the sidelines. On the economic front, data released by the […]

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Bond yields resume rise, euro cheers Macron-Le Pen clash

LONDON (Reuters) – Bond yields resumed their rise on Thursday as investor bet on aggressive global interest rate hikes, while the euro climbed after a heated TV debate saw French President Emmanuel Macron bolster his weekend re-election hopes.FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System […]

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European Shares Inch Higher Ahead Of ECB Decision

European stocks inched higher on Thursday as U.S. Treasury yields steadied amid bets that U.S. inflation may have peaked. Investors await the outcome of an ECB policy meeting and President Christine Lagarde’s press conference later in the day for cues on the path of monetary policy. No change in interest rates is expected despite surging inflation. The central bank is […]

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