AFP

US regulators clear Boeing to resume 787 deliveries

Aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft “in the coming days,” after the company made changes to its manufacturing process, US air safety regulators announced Monday.

Deliveries of the top-selling widebody have been halted since spring 2021, but “Boeing has made the necessary changes to ensure that the 787 Dreamliner meets all certification standards,” the Federal Aviation Administration said in a statement.

Acting FAA Administrator Billy Nolen met with safety inspectors in South Carolina last week to confirm they were satisfied with the company’s improvements, which were made to ensure they comply with standards and to identify potential risks after defects were uncovered on the plane.

“The FAA will inspect each aircraft before an airworthiness certificate is issued and cleared for delivery,” the statement said. “We expect deliveries to resume in the coming days.”

The 787’s travails date to late summer 2020, when the company uncovered manufacturing flaws with some jets. Boeing subsequently identified additional issues, including with the horizontal stabilizer.

The difficulties curtailed deliveries between November 2020 and March 2021. Boeing suspended deliveries later in spring 2021 after more problems surfaced.

A company spokesman told AFP that Boeing will “continue to work transparently with the FAA and our customers toward resuming 787 deliveries,” but did not confirm the firm had received final FAA approval.

During a July 27 earnings conference call, Chief Executive Dave Calhoun described the company as “on the verge” of garnering approval, though he declined to give a precise target date.

At the end of June, Boeing had 120 Dreamliner planes in inventory and was producing the jet “at very low rates,” the company said in a filing.

Su-bear-ru: Bear spends night in US couple's car

A bear that let itself into a US couple’s car had to spend the night there after shutting itself in.

The ursine intruder successfully navigated the handle on the outside of the door — possibly in a hunt for food — but seemingly couldn’t work out how to open it again from the inside.

“It was there from a little after eleven at night to almost seven in the morning,” Mike Pilati told KTVQ in Red Lodge, Montana.

“Every once in a while you’d hear a crunch. I thought it had a garbage can it was chomping on or something. But it was my car it was crunching up,” Pilati said.

Pilati and his wife, Maria, called the local sheriff to report the bear break-in, and were told that wildlife officials would be out the following day.

But Pilati needed to get things moving a bit quicker, so early the next morning he gingerly opened the car door with a stick from the safety of a building.

“I reached through that side door there and reached out and popped the door of the car, and the bear came roaring out,” he said.

Footage shows the black bear jumping out of the car before scampering off to find her young cubs, who were nearby.

Having got rid of their unwanted guest, the Pilatis went to inspect the damage — a shattered windshield, a chewed dashboard, a mangled passenger door and a whole lot of smell.

“Bears are stinky creatures,” Mike Pilati told the broadcaster.

While the Subaru car — a brand favored by outdoorsy types — is no longer in pristine condition, Maria Pilati says the couple have still found reason to smile.

“Now we call a Su-bear-ru,” she said.

Life sentences for Georgia father, son for murder of Black jogger

A Georgia man and his father convicted of federal hate crimes for the murder of a Black man who was shot dead while jogging were sentenced to life in prison on Monday.

Travis McMichael, 36, and his father, Gregory McMichael, 66, are already serving life sentences after being found guilty in a state trial for the 2020 murder of Ahmaud Arbery.

US District Judge Lisa Godbey Wood sentenced both men to life in prison on separate hate crimes charges and denied their requests that they be allowed to serve out their sentences in a federal prison instead of a state facility.

The McMichaels, who are white, chased Arbery in a pickup truck on February 23, 2020 as he jogged through their neighborhood near the town of Brunswick, Georgia.

Travis McMichael confronted the 25-year-old Arbery as he passed by their truck and shot and killed him.

The racially-charged case added fuel to nationwide protests over police killings of African Americans sparked initially by the murder in May 2020 of George Floyd in Minneapolis.

A third man who was involved in the chase, William Bryan, who had a less direct role in the murder and cooperated with investigators, was given life with the possibility of parole on the state charges.

Bryan is to be sentenced later on the federal charges by the US District Court in Brunswick.

During the federal hate crimes trial, prosecutors recounted the three men’s alleged use of vulgar racial slurs and history of racism.

Mexico to use underwater drone in search for trapped miners

Rescuers will deploy an underwater drone as part of efforts to save 10 workers trapped for five days in a flooded coal mine in northern Mexico, authorities said Monday.

The device provided by the navy has a high-resolution camera and light to identify possible obstacles without putting lives at risk, civil defense national coordinator Laura Velazquez said.

Work continued to pump water from the mine in Agujita in the northern state of Coahuila to make it safe enough for rescuers to go inside.

The military said that it was hoped rescuers would be able enter to one of the shafts in the middle of this week if the water level drops to 1.5 meters (around five feet).

The mine shafts descend about 60 meters and the water inside the one that rescuers plan to go into was 19.4 meters deep, down from more than 30 meters initially, officials said.

“We’re hurrying to remove the water so that the rescuers can enter,” said President Andres Manuel Lopez Obrador, who visited the site on Sunday and urged intensified efforts to save the miners.

Around 300 liters were being pumped out each second, he told reporters back in Mexico City.

“Everyone has faith. No one is thinking about anything other than the rescue,” he said.

Authorities said the miners had been carrying out excavation work when they hit an adjoining area full of water.

Five workers managed to escape from the crudely constructed mine in the initial aftermath of Wednesday’s accident, but there has been no contract with the others.

With each passing hour relatives were becoming increasingly desperate and more reluctant to talk to the media.

Authorities reinforced a security cordon around the mine, about 1,130 kilometers (700 miles) north of Mexico City.

Several hundred soldiers and other personnel, including six military scuba divers, are taking part in the rescue effort, according to the government.

The Attorney General’s Office said on Sunday that it asked the labor ministry to provide information on safety inspections carried out at mines in the area to determine the cause of the accident.

Coahuila, Mexico’s main coal-producing region, has seen a series of fatal mining incidents over the years.

Last year, seven miners died when they were trapped in the region.

The worst accident was an explosion that claimed 65 lives at the Pasta de Conchos mine in 2006.

Only two bodies were retrieved after that tragedy and the families have repeatedly urged the Mexican authorities to recover the others.

Zaporizhzhia: Nuclear power plant caught in Ukraine war

The Russian-held Zaporizhzhia power plant in Ukraine, which is at the centre of international concern amid mutual accusations of shelling by Moscow and Kyiv, is Europe’s biggest nuclear plant.

Recent fighting around the plant has prompted the International Atomic Energy Agency (IAEA) to warn of the “very real risk of a nuclear disaster”, while Kyiv has accused Moscow of “nuclear terrorism”.

Fears of a possible incident have brought back haunting memories of the 1986 Chernobyl nuclear disaster in then Soviet Ukraine, which left hundreds dead and spread radioactive contamination across Europe.

Here are some key facts about the facility:

– History –

Located near the city of Energodar on the Dnipro River, the plant has six of Ukraine’s 15 reactors — enough to power four million homes.

The reactors were all switched on between 1984 and 1995, according to the Ukrainian state agency Energoatom, which runs the plant.

Before the war, the plant was generating around a fifth of Ukraine’s electricity.

The country, which has significant uranium reserves, is the seventh-largest producer of nuclear power in the world, according to the IAEA.

It began developing nuclear energy in the 1970s with the construction of Chernobyl, near the capital Kyiv, and has made major improvements in nuclear safety over the years since that cataclysmic event.

The Zaporizhzhia plant is “relatively modern”, Mark Wenman of Imperial College London told the Science Media Centre earlier, noting that its reactor components are housed inside a heavily reinforced containment building that can “withstand extreme external events, both natural and man-made, such as an aircraft crash or explosions”.

– Capture –

The power plant — located close to the Crimean peninsula which was annexed by Moscow in 2014 — was captured by Russian forces on March 4 following a battle in the early days of Moscow’s invasion.

The fighting caused a fire at a training facility. Firefighters said they were prevented from reaching the blaze for hours.

Energoatom initially shut off two of the reactors — and more recently a third — but the plant has continued to be operated by Ukrainian technicians under Russian control.

The IAEA has repeatedly said it wants to organise an inspection of the plant.

This was initially opposed by Ukrainian authorities but officials have sounded less adamant about the prospect recently.

– Renewed fighting –

Ukraine on July 21 accused Moscow of storing heavy weapons at the plant after Russia said Ukraine’s troops had fired on the facility.

Energoatom said Russia had moved over two dozen pieces of military equipment and ammunition into the engine room of the first reactor.

US Secretary of State Antony Blinken said Moscow was using it as a “military base to fire at Ukrainians, knowing that they can’t and won’t shoot back”.

On August 5, Ukraine accused Russian forces of carrying out strikes near a reactor. Russia said Ukraine was behind them.

Following the attacks, Energoatom said it would have to shut down another reactor because of damage to a power cable.

Another reactor is being repaired, meaning only two reactors are now functioning.

Ukraine says there are around 500 Russian troops at the plant and has called for the establishment of a demilitarised zone.

Despite the tensions, Energoatom has said it is still in contact with the plant and receives data on radiation monitoring.

It said on Monday that there had been no change to radiation levels.

US news site Axios agrees to $525 mn buyout

US news website Axios, which has shot to prominence since its 2016 founding, has agreed to a $525 million deal to sell itself to US telecom group Cox Enterprises, the firms said Monday. 

The site, built by long-time Washington journalists, quickly built a brand during the turbulent and news-filled presidency of Donald Trump. 

Since Axios’s launch as a news source specializing in technology and politics it has expanded into local news — and the buyout investment will help grow that expansion.

The founders of Axios will keep stakes in the company and continue to lead day-to-day editorial and business decisions, Cox said in a release.

“With so much happening in the world, Axios plays a critical role in delivering balanced, trusted news that people need,” said Cox chief executive Alex Taylor.

Cox Enterprises was founded as a family business in 1898 and is now based in Atlanta in the US state of Georgia.

Cox subsidiaries range from media outlets such as the Atlanta Journal-Constitution to internet-service provider Cox Communications and an eponymous automotive sales division.

Axios was launched by three former Politico journalists as an online media outlet known for short, snappy articles along with podcasts and newsletters.

“Our shared ambitions should be clear: to spread clinical, nonpartisan, trusted journalism to as many cities and as many topics as fast as possible,” Axios chief executive Jim VandeHei said in a release.

An Axios communications software unit will become an independent entity with co-founders Mike Allen, Roy Schwartz, and VandeHei owning the majority of that company with Cox holding a minor stake, the release stated.

US news site Axios agrees to $525 mn buyout

US news website Axios, which has shot to prominence since its 2016 founding, has agreed to a $525 million deal to sell itself to US telecom group Cox Enterprises, the firms said Monday. 

The site, built by long-time Washington journalists, quickly built a brand during the turbulent and news-filled presidency of Donald Trump. 

Since Axios’s launch as a news source specializing in technology and politics it has expanded into local news — and the buyout investment will help grow that expansion.

The founders of Axios will keep stakes in the company and continue to lead day-to-day editorial and business decisions, Cox said in a release.

“With so much happening in the world, Axios plays a critical role in delivering balanced, trusted news that people need,” said Cox chief executive Alex Taylor.

Cox Enterprises was founded as a family business in 1898 and is now based in Atlanta in the US state of Georgia.

Cox subsidiaries range from media outlets such as the Atlanta Journal-Constitution to internet-service provider Cox Communications and an eponymous automotive sales division.

Axios was launched by three former Politico journalists as an online media outlet known for short, snappy articles along with podcasts and newsletters.

“Our shared ambitions should be clear: to spread clinical, nonpartisan, trusted journalism to as many cities and as many topics as fast as possible,” Axios chief executive Jim VandeHei said in a release.

An Axios communications software unit will become an independent entity with co-founders Mike Allen, Roy Schwartz, and VandeHei owning the majority of that company with Cox holding a minor stake, the release stated.

US not trying to 'outdo' world powers in Africa, says Blinken

The United States is seeking a “true partnership” with Africa and not trying to “outdo” other world powers in vying for influence on the continent, US Secretary of State Antony Blinken said on Monday.

Blinken outlined the US government’s new Africa strategy as he visited South Africa in the first stop of a three-nation trip to the continent. 

The visit followed hot on the heels of an extensive African tour by Russian Foreign Minister Sergei Lavrov. 

Yet Blinken said the United States did not see the region as the “latest playing field in a competition between great powers”.

“Our commitment to a stronger partnership with Africa is not about trying to outdo anyone else,” the top US diplomat told a press briefing in the capital, Pretoria, alongside his South African counterpart Naledi Pandor.

South Africa, a leader in the developing world, has remained neutral in the Ukraine war.

Pretoria has refused to join Western calls to condemn Moscow, which had opposed apartheid before the end of white-minority rule in 1994.

Pandor said no one in South Africa supported war and described Russia as a “negligible economic partner” but added she was glad the United States was not asking her country to take sides.

However, there had been “a sense of patronising bullying” from other partners in Europe and elsewhere, she said.

“We should be equally concerned at what is happening to the people of Palestine, as we are with what is happening to the people of Ukraine,” she said, referring to a flare-up in fighting in Gaza. 

– New Africa policy –

Later on Monday, in a lecture at the University of Pretoria, Blinken laid out the new US strategy for sub-Saharan Africa, which he said focused on four priorities — fostering “openness” and democracy, pursuing economic development, and tackling global warming. 

The United States and African nations needed to work together as “equal partners” to address those issues, he said. 

“Too often, African nations have been treated as instruments of other nations’ progress, rather than the authors of their own,” he said. 

“The United States will not dictate Africa’s choices, neither should anyone else. The right to make these choices belongs to Africans, and Africans alone.”

The new strategy was announced at the end of an extended policy review by President Joe Biden’s administration. 

Some critics say a US focus on fighting extremist groups in Africa militarily has borne little fruit, even while China and Russia have made continued inroads by aggressively using diplomatic and economic tools.

A policy paper outlining the new strategy argued that a push for greater openness and democracy in sub-Saharan Africa would help “counter harmful activities” by China, Russia and other actors. 

“The poor governance, exclusion and corruption inherent to weak democracies makes them more vulnerable to extremist movements, as well as to foreign interference,” Blinken said in Pretoria.

“That includes the Kremlin-backed Wagner, which exploits instability to pillage resources, and commit abuses with impunity,” he said referring to the shadowy Russian mercenary organisation, which operates in African countries including Mali and the Central African Republic. 

– ‘Open season’ –

Blinken outlined a series of initiatives including investments in agriculture and renewable power plants.

The United States has been funding the projects to help African economies seek a clean energy transition and cope with the fallout from Covid-19 and the war in Ukraine, which has sent fuel and food prices soaring.

“What we seek most of all is a true partnership between the United States and Africa. We don’t want an imbalanced or transactional relationship,” Blinken told the press briefing.

His remarks came after Russian President Vladimir Putin in June urged BRICS countries — Brazil, Russia, India, China and South Africa — to cooperate in the face of “selfish actions” from the West.

Commenting on Russia’s invasion of Ukraine, he said the United States did not seek conflict anywhere but that it was important to stand up to challenges to the international order. 

“If we allow a big country to bully a smaller one, to simply invade and take its territory, then it’s going to be open season, not just in Europe, but around the world,” he said. 

Stocks rise, dollar eases as investors focus on US inflation

Stock markets rose and the dollar retreated Monday as investors turned their attention to US inflation data later this week and weigh the prospect of further monetary policy tightening.

The dollar was weaker as investors took profit on the strong gains notched up last week on speculation that the US Federal Reserve will announce a third successive rate increase of three-quarters of a percentage point in September.

“The macro calendar is quiet this week with US inflation data being the main highlight,” said Forex.com analyst Fawad Razaqzada. 

“This will keep the dollar… in focus after a very strong US jobs report on Friday rekindled the possibility of a hat trick of 75-basis-point rate hikes in September.” 

Data due Wednesday are expected to show inflation in the world’s biggest economy slowed slightly in July, but remained close to the four-decade highs seen in recent months.

The reading “seems very unlikely to offer compelling evidence of a slowdown needed for the Fed to pull away from its aggressive inflation-fighting mode”, said SPI Asset Management analyst Stephen Innes.

Oil prices gained, making good some of the losses from last week, when a rise in US crude stockpiles was partly responsible for a 10-percent drop in prices.

Both main oil contracts have lost all the gains seen in the wake of Russia’s invasion of Ukraine, which led the United States and Europe to ban imports of Russian crude, hammering already thin supplies.

A blockbuster US jobs report last week “highlighted how strong the economy remains although traders are now increasingly nervous about more aggressive tightening sending the economy into a deeper recession further down the road”, said OANDA analyst Craig Erlam.

“The resumption of Iran nuclear talks today is one potential downside risk for the oil price, given the ability of the country to quickly ramp up production if a deal is struck.”

Iran on Sunday demanded that the UN nuclear watchdog, the International Atomic Energy Agency, “completely” resolve outstanding issues, as talks resume to revive a 2015 deal to rein in Tehran’s nuclear ambitions.

Iranian sources have suggested that one of the key sticking points is a probe by the IAEA into traces of nuclear material found at undeclared Iranian sites.

– Key figures at around 1540 GMT –

New York – Dow: UP 0.3 percent at 32,891.96 points

London – FTSE 100: UP 0.6 percent at 7,482.37 (close)

Frankfurt – DAX: UP 0.8 percent at 13,687.69 (close)

Paris – CAC 40: UP 0.8 percent at 6,524.44 (close)

EURO STOXX 50: UP 0.9 percent at 3,757.22

Tokyo – Nikkei 225: UP 0.3 percent at 28,249.24 (close)

Hong Kong – Hang Seng Index: DOWN 0.8 percent at 20,045.77 (close)

Shanghai – Composite: UP 0.3 percent at 3,236.93 (close)

Euro/dollar: UP at $1.0210 from $1.0184 Friday

Pound/dollar: UP at $1.2097 from $1.2075

Euro/pound: UP at 84.41 pence from 84.32 pence

Dollar/yen: DOWN at 134.75 yen from 135.00 yen

West Texas Intermediate: UP 0.9 percent at $89.81 per barrel

Brent North Sea crude: UP 1.0 percent at $95.90 per barrel

Stocks rise, dollar eases as investors focus on US inflation

Stock markets rose and the dollar retreated Monday as investors turned their attention to US inflation data later this week and weigh the prospect of further monetary policy tightening.

The dollar was weaker as investors took profit on the strong gains notched up last week on speculation that the US Federal Reserve will announce a third successive rate increase of three-quarters of a percentage point in September.

“The macro calendar is quiet this week with US inflation data being the main highlight,” said Forex.com analyst Fawad Razaqzada. 

“This will keep the dollar… in focus after a very strong US jobs report on Friday rekindled the possibility of a hat trick of 75-basis-point rate hikes in September.” 

Data due Wednesday are expected to show inflation in the world’s biggest economy slowed slightly in July, but remained close to the four-decade highs seen in recent months.

The reading “seems very unlikely to offer compelling evidence of a slowdown needed for the Fed to pull away from its aggressive inflation-fighting mode”, said SPI Asset Management analyst Stephen Innes.

Oil prices gained, making good some of the losses from last week, when a rise in US crude stockpiles was partly responsible for a 10-percent drop in prices.

Both main oil contracts have lost all the gains seen in the wake of Russia’s invasion of Ukraine, which led the United States and Europe to ban imports of Russian crude, hammering already thin supplies.

A blockbuster US jobs report last week “highlighted how strong the economy remains although traders are now increasingly nervous about more aggressive tightening sending the economy into a deeper recession further down the road”, said OANDA analyst Craig Erlam.

“The resumption of Iran nuclear talks today is one potential downside risk for the oil price, given the ability of the country to quickly ramp up production if a deal is struck.”

Iran on Sunday demanded that the UN nuclear watchdog, the International Atomic Energy Agency, “completely” resolve outstanding issues, as talks resume to revive a 2015 deal to rein in Tehran’s nuclear ambitions.

Iranian sources have suggested that one of the key sticking points is a probe by the IAEA into traces of nuclear material found at undeclared Iranian sites.

– Key figures at around 1540 GMT –

New York – Dow: UP 0.3 percent at 32,891.96 points

London – FTSE 100: UP 0.6 percent at 7,482.37 (close)

Frankfurt – DAX: UP 0.8 percent at 13,687.69 (close)

Paris – CAC 40: UP 0.8 percent at 6,524.44 (close)

EURO STOXX 50: UP 0.9 percent at 3,757.22

Tokyo – Nikkei 225: UP 0.3 percent at 28,249.24 (close)

Hong Kong – Hang Seng Index: DOWN 0.8 percent at 20,045.77 (close)

Shanghai – Composite: UP 0.3 percent at 3,236.93 (close)

Euro/dollar: UP at $1.0210 from $1.0184 Friday

Pound/dollar: UP at $1.2097 from $1.2075

Euro/pound: UP at 84.41 pence from 84.32 pence

Dollar/yen: DOWN at 134.75 yen from 135.00 yen

West Texas Intermediate: UP 0.9 percent at $89.81 per barrel

Brent North Sea crude: UP 1.0 percent at $95.90 per barrel

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