PARIS—Global aviation needs $4 trillion over the next 20 years to fund new commercial deliveries and transform the world’s fleet to reduce emissions, leasing firm Avolon said on Tuesday. Airlines and leasing companies will take delivery of 44,300 commercial passenger aircraft by 2042, of which approximately half will be for replacement and half for growth,…
Bunge to Buy Viterra in $18 Billion Deal That Would Create an Agricultural Powerhouse
Bunge is buying Viterra in a deal valued at approximately $18 billion to create a global agricultural giant. Viterra shareholders will receive about 65.6 million shares of Bunge stock, valued at approximately $6.2 billion and about $2 billion in cash. Bunge will assume $9.8 billion of Viterra debt. Bunge’s grain and softseed handling capacity will…
Reddit Goes Offline Amid Mass Community Protests Over New Pricing Policy
Social platform Reddit went offline for some time on June 12 when numerous subreddits or communities began protesting against the company’s new policy for access to the application programming interface (API), which would charge web developers for access to the site’s backend interface. The outage began at about 10:25 a.m. Eastern time, TechCrunch reported. “We’re aware of…
Toyota, Kia, Land Rover Included in Recall of 247,000 Vehicles
According to the National Highway Traffic Safety Administration (NHTSA), nearly a quarter million Toyota, Kia, and Land Rover vehicles have been recalled over a range of issues, including loss of brake power, malfunctioning taillights, and faulty airbags. The NHTSA has issued recalls for nearly 99,000 Kia Sportage SUVs, over 96,000 2022 through 2023 Toyota Corolla…
Target Stores in Five States Evacuated After Bomb Threats
June 13, 2023
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Several Target locations throughout the country were reportedly threatened after receiving bomb threats. Target stores were briefly evacuated in the Oklahoma City metropolitan area on June 10, after receiving what local law enforcement described as “vague bomb” threats, allegedly over the retail chain’s Pride Month merchandise. Locations in at least five states were also evacuated…
Country Singer Garth Brooks Faces Boycotts Over Bud Light Comments
June 13, 2023
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Longtime country singer Garth Brooks is facing boycotts after saying his bar would serve all beers, including the much-maligned Bud Light, in the wake of the beer’s decision to produce a can with transgender influencer Dylan Mulvaney’s face on it. “I want it to be a place you feel safe in, I want it to…
Mark Cuban Says Companies Going ‘Woke’ Is ‘Good Business’
Billionaire businessman Mark Cuban, the owner of the Dallas Mavericks, has claimed that it is “good for business” for companies like Anheuser-Busch and Target to go “woke.” In an interview with the Pittsburgh Post-Gazette on June 11, the “Shark Tank” judge said that the majority of consumers want to do business with companies that “care…
Shares Get a Boost From Tech; Dollar Dithers Ahead of Inflation Data
June 13, 2023
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LONDON—Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures,…
New Twitter CEO Says Platform Will Be ‘World’s Most Accurate Real-Time Information Source’
Twitter’s new CEO Linda Yaccarino vowed on June 12 that the platform will become the “world’s most accurate real-time information source” and a “global town square for communication” as part of its expansion toward “Twitter 2.0.” Yaccarino, the former head of advertising at NBCUniversal, was named by Elon Musk as the new CEO of Twitter…
‘The Goal Is to Take Away Private Vehicles’: Trump Alumni, Policy Expert Warn of EPA Electric Car Rule
June 13, 2023
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Trump administration veterans have questioned the Biden administration’s proposed electric car rules, arguing that they could be a pretext for radically slashing private vehicle ownership. Mike McKenna, a deputy assistant to President Donald J. Trump, told a Heritage Foundation panel that the Environmental Protection Agency’s April proposal is actually about “getting rid of cars” in…
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