Author: i2wtc
A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023.Stefani Reynolds | AFP | Getty ImagesAirlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand.Ahead of a JPMorgan industry conference, American Airlines on Tuesday said it expects to lose between 60 cents a share and 80 cents a share in the first three months of the year, a wider loss than the 20 cents to 40 cents a share it previously forecast. It said revenue would likely be…
Listen to article ISLAMABAD: Justice Muhammad Ali Mazhar, a member of a Constitutional Bench (CB) of the Supreme Court, has observed that in its verdict in the FB Ali case, the apex court had stated that Parliament could review the matter in two years but Parliament never did that. A seven-member CB led by Justice Aminuddin Khan on Monday resumed hearing the intra-court appeals filed by the government against an order of a five-member SC bench that in October 2023 declared the military trial of 105 May 9 rioters null and void. Hamid Khan continued his arguments, contending that military courts could…
Greenlanders are heading to the polls today to vote in a snap general election amid geopolitical tensions stirred by President Donald Trump’s claims to make Greenland – currently a semi-autonomous territory of the Kingdom of Denmark – a part of the United States. Last month, Greenland’s Prime Minister Mute Egede called for an early election in a social media post, stating, “We are in a serious time. A time we have never experienced in our country. The time is not for internal division but for cooperation and unity for our country. I am once again more than ready to work…
United States stock markets plummeted on Monday amid fears that President Donald Trump’s tariff policies might drive the world’s largest economy into recession. After years of impressive growth, America’s economic exceptionalism has been called into question. Concern over an economic downturn has driven a stock market rout that wiped $1.7 trillion from the S&P 500 – the world’s most-watched equity index. It fell by 2.7 percent, dragging it 9 percent below the all-time high it reached on February 19. The tech-heavy Nasdaq-100 posted its worst day since 2022, wiping out more than $1 trillion in value. Investors sold shares in…
A worker pushes a cart outside of Kohl’s store on November 26, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesKohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead.Shares of the company fell more than 15% in premarket trading on Tuesday.For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates of a 1.6% decrease, according to LSEG. The company projected comparable sales will fall 4% to 6%, while analysts anticipated a 0.9% decrease, according to StreetAccount. Kohl’s…
Listen to article ISLAMABAD: The National Security Committee (NSC), the country’s top civilian-led forum for security policymaking, did not meet even once in the past year, marking an unprecedented lapse in its functioning, according to the annual performance review issued by the Pakistan Institute of Legislative Development and Transparency (PILDAT). The annual performance evaluation of the NSC conducted by PILDAT for the timeframe from March 5, 2024, to March 4, 2025, highlights a disturbing trend in the governance structure. Established in 2013, the NSC did not convene a single meeting throughout the yearmaking 2024-25 the first time in history that the committee…
Havana has freed 553 inmates under Vatican-mediated deal, despite Trump’s reversal on US sanctions relief.Cuba has released 553 prisoners under a Vatican-mediated agreement, despite the collapse of a United States pledge to ease sanctions in return. The island nation’s highest judicial authority announced late on Monday that the last of the prisoners had been freed, Cuba’s state-run media reported. Havana said in January that with the mediation of the Catholic Church, it had agreed with the Biden administration to release “political prisoners” in return for being removed from the US terrorism blacklist. However, on taking office, President Donald Trump reversed…
Manila, Philippines – Almost three years after leaving the presidency, former President Rodrigo Duterte has been arrested by Philippine authorities in Manila, upon the request of the International Criminal Court (ICC) at The Hague, which is investigating allegations of “crimes against humanity” committed during his six years in power. Duterte was immediately taken into police custody on Tuesday at the Manila international airport following his arrival from Hong Kong, in a move hailed by human rights groups as “a critical step for accountability in the Philippines”. His trip to Hong Kong over the weekend had whipped up speculation that he…
Trust & Will founders, Cody Barbo (CEO), Brian Lamb, and Daniel Goldstein.Courtesy: Trust & WillLegal technology company Trust & Will said Tuesday that it has raised $25 million in a Series C funding round. The San Diego-based firm, ranked No. 41 on last year’s CNBC Disruptor 50 list, has now raised $75 million to date.Trust & Will aims to shake things up in the arcane estate planning industry and make these key wealth preservation and wealth transfer services more accessible to families. Relying on a mix of technology and human oversight, Trust & Will provides legally valid documents that adhere to state guidelines.The company says…
Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport in Santa Ana, California.Patrick T. Fallon | Bloomberg | Getty ImagesIt’s happening: Southwest Airlines will start charging passengers to check bags for the first time.It’s a stunning reversal that shows the low-cost pioneer is willing to part with a customer perk executives have said set it apart from rivals in more than half a century of flying in hopes of increasing revenue.Southwest’s changes come after months of pressure from activist Elliott Investment Management. The firm took a stake in the airline…