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BALTIMORE, March 31, 2024 (AFP) – Workers have lifted out the first, 200-ton chunk of Baltimore’s collapsed bridge, officials said Sunday, as efforts get underway to clear the harbor of the steel structure destroyed by an out-of-control ship. Demolition crews using blow torches sliced through the upper part of the Francis Scott Key Bridge, which crumbled when the Dali cargo vessel lost power and struck it on Tuesday, killing six people. Authorities hope that removing […]
By Elodie MAZEIN The United States is grappling with a shortage of maintenance workers in the aviation industry, with baby boomers retiring and others changing jobs during the pandemic. This comes as the global fleet of commercial aircraft is set to balloon a third by 2034, involving more than 36,400 vessels, according to a recent study by consulting firm Oliver Wyman. In its wake, spending in the maintenance, repair and overhaul market is projected to […]
BEIJING, March 28, 2024 (AFP) – China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on Thursday. EV makers from China have made inroads into markets from Europe to Southeast Asia and Tesla’s Elon Musk described them in January as “the most competitive car companies in the world”. How big is the Chinese EV market? […]
By Marie-Morgane LE MOEL PARIS, March 29, 2024 (AFP) – The bridge collapse that closed the Port of Baltimore has raised concerns about the disaster’s potential impact on the global supply chain. Authorities have warned that extensive work is needed before the major port can reopen following Tuesday’s catastrophic cargo ship collision, which has blocked the harbour’s entrance. Here is a look at what it could mean for global trade: – A major car terminal […]
TOKYO, March 29, 2024 (AFP) – Tokyo markets opened higher on Friday after the Dow and S&P 500 closed at new record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84. “Tokyo shares are expected to start strong after the Dow and the S&P 500 hit all-time highs,” brokerage house Monex […]
(AFP) — Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday — a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago. US District Judge Lewis Kaplan said the defendant, who became known by his initials “SBF,” had shown no “real remorse,” even in his final pre-sentencing remarks in which the former billionaire rued “a series of bad decisions” but did […]
By Beiyi SEOW with Elodie MAZEIN in New York WASHINGTON, March 27, 2024 (AFP) – Diverted cargo and supply chain disruptions have left businesses rushing to avoid an economic hit following the collapse of a major bridge in Baltimore after it was hit by a cargo ship. With vessel traffic at the Port of Baltimore suspended until further notice since Tuesday’s accident, experts warn of knock-on effects but say these should be manageable in the […]
PARIS, March 26, 2024 (AFP) – The Dali container ship that caused the collapse of a key bridge in Baltimore is recently built and flies under Singapore’s flag. It was constructed by the Korean Hyundai shipyard in 2015 and is 300 metres long (985 feet), 48 metres wide and 24.8 metres tall, with gross tonnage of 95,000 tonnes, making it an average-sized container ship. It had left Baltimore port at 1 am local time Tuesday […]
BALTIMORE, March 26, 2024 (AFP) – Baltimore’s Francis Scott Key Bridge, named after the poet who penned the lyrics to the US national anthem, used to carry an average of around 31,000 passengers a day across one of the busiest harbors in the United States. Its nighttime collapse, within seconds of being struck by a container ship, is likely to cause substantial economic damage for as long as it continues to force the closure of […]
TOKYO, March 26, 2024 (AFP) – A Japanese drugmaker said Tuesday it is investigating one death from kidney dysfunction potentially linked to health supplements recalled last week by the firm. It comes a day after the company said it was aware of 26 cases of people being hospitalised in relation to the prescription-free tablets. Kobayashi Pharmaceutical, which sells over-the-counter drugs and dietary supplements, has received an additional 50 unconfirmed reports of hospitalisations as of Tuesday […]
COLOMBO, March 24, 2024 (AFP) – McDonald’s stores across Sri Lanka shut Sunday after the US fast-food giant launched a legal battle with its local franchise holder over allegations of poor hygiene, court officials said. The Commercial High Court of Colombo ordered the closures until April 4, after the parent company accused the local franchise holder of failing to meet international hygiene standards. “The closure was ordered pending an investigation,” a court official said. He […]
TOKYO, March 22, 2024 (AFP) – A theme park based on Japan’s “Dragon Ball” manga franchise will be built in Saudi Arabia’s new high-end tourist attraction of Qiddiya just outside Riyadh, authorities said Friday. The announcement comes two weeks after fans of the massively popular and influential series were shocked by news of the death of its creator Akira Toriyama, aged 68. The 500,000-square-metre (125-acre) park will allow fans to “live the adventures at the […]
