The domestic plane carrying 152 passengers and crew slammed into the hills surrounding Pakistan’s capital Wednesday morning as it attempted to land amid poor weather conditions, officials said. Two American citizens were among the dead, according to the U.S. Embassy.
But 91 banks passed the tests, which are intended to measuring their strength in case the continent’s government debt crisis takes a turn for the worse. European Union officials hope the results will reassure markets worried about hidden bank losses from the crisis.
Prices of specialty food like European cheeses, olive oils and pastas are extremely dependent on the strength of the euro compared to the dollar. One small businessman says he never imagined that running a neighborhood food store would require him to become an expert on global currency rates.
Boeing’s New 787 Dreamliner makes its international debut at the Farnborough Airshow in England on Monday. Boeing has more than 800 orders for the fuel-efficient aircraft, but the project has suffered repeated delays, and the first planes are not expected to be delivered before next year.
The players had refused to travel to the sport’s world championships in England on passports issued by the U.S. and Canada. But British officials would not recognize their passports, which were issued by the Iroquois Confederacy of six indigenous nations.
Reuters – Emerging markets and low-cost carriers are driving a rebound in commercial aviation — where opportunities now outweigh the risks as economies recover, the head of the world’s top engine firm said.
Originally posted here:
CFM engine maker upbeat on commercial recovery
(Reuters)
The Iroquois Nationals Lacrosse team is supposed to be in England competing in the lacrosse world championship, but the British government is not allowing entry because of passport and visa issues. Host Michel Martin gets an update on where the team’s travel plans stand with Tonya Gonnella Frichner, a lawyer for the team.
AP – Corvette owners could soon be revving up an engine they built with their own hands.
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GM to let 2011 Corvette buyers help build engines
(AP)
AP – An Air France passenger jet headed from Rio to Paris made an emergency landing in northeastern Brazil on Saturday night due to a bomb threat.
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Brazil: Air France jet lands after bomb threat
(AP)
Reuters – China’s trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.
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China shrugs off global fears with export strength
(Reuters)
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