Friday, March 20

Business

Lufthansa flight to Frankfurt leaves 11 injured after turbulence | World News
Business

Lufthansa flight to Frankfurt leaves 11 injured after turbulence | World News

Eleven people have been left injured after a Lufthansa flight was hit with severe turbulence while en route from Argentina to Germany.The Boeing 747-8 was travelling from Buenos Aires to Frankfurt when it encountered a brief period of severe turbulence over the Atlantic on Monday. Five passengers and six crew members suffered minor injuries as a result of the incident. Image: File pic. Pic: Reuters The injured received medical treatment immediately after the aircraft landed safely at Frankfurt Airport on Tuesday at 9.53am (GMT), according to the airline.Lufthansa said the turbulence was "brief" and occurred in an "intertropical convergence zone", which is a band of low pressure around the Earth. ...
Pakistan bus crash: At least 14 wedding guests killed after river plunge | World News
Business

Pakistan bus crash: At least 14 wedding guests killed after river plunge | World News

At least 14 people have been killed after a bus carrying wedding guests crashed into a river in Pakistan.The bus was carrying around two dozen passengers. Searches continue for bodies and survivors. There are differing reports about the number of people who have died, with some local officials saying 18 people had been confirmed dead after the crash into the Indus River in northern Pakistan.It's been reported the bus left the road at the Thalichi Bridge. A party of 27 people were heading to Chakwal, a city in the Punjab province, government spokesman Faizullah Faraq said.At least nine people are thought to still be missing. Mr Faraq added that so far only one woman had been found alive and was being treated in hospital.Read more from Sky News:Pakistan toxic smog visible from spaceRussian w...
These high-yielding assets could be called back as the Fed cuts rates
Business

These high-yielding assets could be called back as the Fed cuts rates

Investors who scored a little more interest from their callable certificates of deposit may soon find themselves left out in the cold. The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to 4.5%-4.75%. Since the central bank kicked off its rate-cutting campaign in September, yields on cash instruments have been sliding, including the amount that savers earn on money market funds. Consider that the Crane 100 Money Fund Index now has an annualized seven-day yield of 4.57%, compared with 5.1% at the end of August. Banks have also slashed the interest they pay on high-yield certificates of deposit – with Marcus by Goldman Sachs lopping 10 basis points from the annual percentage yield on its one-year CD to 4.1%, according to a Sunday ...
Bitcoin to top $100,000 before year-end, according to bettors on Kalshi
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Bitcoin to top $100,000 before year-end, according to bettors on Kalshi

Bitcoin is trading near record levels, and Kalshi users are betting that the cryptocurrency could rise above $100,000 before the end of 2024.Kalshi data on Tuesday showed that 60% of users are betting that bitcoin could hit the $100,000 mark before January. Additionally, 45% of users wagered the flagship cryptocurrency could reach the level this month.Kalshi is an event contract market that launched in 2021, offering traders a way to bet on the outcome of events like economic data releases and election results. The platform gained prominence this year for its legal fight against the Commodity Futures Trading Commission that resulted in betting markets for the presidential election being open to U.S. traders in the run-up to last week's vote.The digital currency has rallied more than 28% si...
Wall Street sees a buying opportunity in these crypto mining stocks
Business

Wall Street sees a buying opportunity in these crypto mining stocks

Some bitcoin miners are giving investors an opportunity to get in on the cryptocurrency's big postelection rally. Pure play bitcoin miners have been lagging this year for a host of reasons. Some names in the sector pivoted or expanded operations to AI data centers. Additionally, the launch of bitcoin ETFs in January gave investors a new vehicle for getting bitcoin exposure, which may have lowered demand for these stocks. Meanwhile, the halving on the Bitcoin network in April slashed miners' revenue in half, and the price of bitcoin – which can make mining more lucrative as it rises – drifted sideways for most of the year. CLSK RIOT,MARA 5D mountain Bitcoin mining laggards have been outperforming in the the recent crypto rally Now, with bitcoin consistently reaching new records since Electi...
Ecuador midfielder Marco Angulo dies more than a month after car crash in Quito | World News
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Ecuador midfielder Marco Angulo dies more than a month after car crash in Quito | World News

Ecuador and FC Cincinnati player Marco Angulo has died aged 22 following a car crash last month.Angulo died after suffering head and chest injuries in a car crash in Ecuador's capital of Quito on 7 October, the Ecuadorian Football Association said. He was a passenger in the car that crashed into a metal barrier in the south of the city.The driver and Roberto Cabezas, who played for Independiente Juniors, were killed.Angulo was placed in an artificial coma but died from the injuries last night, El Universo newspaper reported. Follow Sky News on WhatsApp Keep up with all the latest news from the UK and around the wo...
Trump criminal case ruling delayed by election
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Trump criminal case ruling delayed by election

In this courtroom sketch, former U.S. president Donald Trump appears by video conferencing before Judge Juan Merchan during a hearing before his trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in Manhattan state court in New York City, May 23, 2023.Jane Rosenberg | ReutersA New York judge on Tuesday delayed his ruling on whether to toss guilty verdicts against President-elect Donald Trump in his criminal hush money case, or to move toward sentencing in late November.The one-week postponement was announced two days after the Manhattan District Attorney's Office asked the judge for time to consider how Trump's electoral win affects the case.Manhattan Supreme Court Judge Juan Merchan, who was set to issue his ruling Tues...
28% of credit card users are still paying off last year’s holiday bill
Business

28% of credit card users are still paying off last year’s holiday bill

Americans tend to overspend during the holiday season.In fact, some borrowers are still paying off debt from last year's purchases.To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. The site polled more than 1,700 adults in September.  However, this is a slight improvement from 2023, when 31% of credit card users had still not paid off their balances from the year before.More from Personal Finance:Here are the best ways to save money this holiday season2 in 5 cardholders have maxed out a credit card or come closeHoliday shoppers plan to spend moreGrowth in credit card balances has also slowed, according to a separate quarterly credit industry insights report fr...
UK pledges punchy new climate goal – but these parts of the puzzle are missing | Science, Climate & Tech News
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UK pledges punchy new climate goal – but these parts of the puzzle are missing | Science, Climate & Tech News

The UK has unveiled a punchy new climate goal to slash its emissions by 81% by 2035.The government said it is on a mission to "tackle the climate crisis in a way that makes the British people better off" -by investing in clean, home-grown power and cutting ties with volatile fossil fuel markets. Announcing the target at the COP29 climate talks in Baku, Azerbaijan, the prime minister Keir Starmer said: "The race is on for the clean energy jobs of the future, the economy of tomorrow."So far the UK has cut emissions by 50% compared with levels in 1990.The new pledge has gone down well at COP29, where rich, polluting countries like the UK are expected to lead by example among the 200 countries gathered for the talks. Read more:Starmer tells private sector to 'start paying their fair share'The ...
Zhuhai: Dozens killed after man drives car into people exercising at sports centre | World News
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Zhuhai: Dozens killed after man drives car into people exercising at sports centre | World News

Thirty-five people have been killed and another 43 injured after a motorist drove his car into people exercising at a sports centre in the Chinese city of Zhuhai, police said.A 62-year-old man, identified only by his family name of Fan, was detained at the centre late on Monday. In a statement, police said the vehicle knocked down a "number of" pedestrians. No motive has been given and police said investigations were continuing.It took place on the eve of an annual People's Liberation Army exhibition in the southern Chinese city.Video shared on social media showed emergency services performing CPR on people at the scene, as others were told to leave the area. But searches for the incident on Chinese social media had been heavily censored on Tuesday morning.This breaking news story is being...