Department Financial News

American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period. The Transportation Department said Wednesday that «in some cases,» wheelchair users were injured, but it did not give a number. American said it has made significant investments to improve the handling of wheelchairs. The airline will be credited $25 million, or half of its civil penalty, for those investments and compensation paid to affected passengers, according to a consent order.

The U.S. government is fining American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period

deep depression over east-central Bay of Bengal intensified into cyclonic storm 'Dana' on Wednesday morning, the India Meteorological Department (IMD) said. The storm is likely to move in a northwestward direction, intensify further into a severe cyclonic storm over northwest Bay of Bengal and cross the Odisha-West Bengal coasts between Puri and Sagar Island in the early hours of October 25 with wind speeds of up to 120 kmph, the IMD added. The system lay 560 km southeast of Paradip and 630 km south-southeast of Sagar Island at 5.30 am, it said. Advising fishermen not to venture into the sea from October 23 to 25, the Met warned that wind speed is likely to reach 60 kilometres per hour (kmph) along and off Odisha-West Bengal coasts from October 23 and gradually increase to 100-110 kmph, gusting to 120 kmph, from October 24 night till October 25 morning.

Nirmala Sitharaman highlighted that more than USD 450 billion has been transferred through Direct Benefit Transfers (DBT) to the people in last 8 years. The minister shared these key insights on India's achievements with Direct Benefit Transfers (DBT) while speaking at the Wharton Business School at the University of Pennsylvania in Philadelphia, USA on Tuesday. «Over 51 ministries and departments in the central government deal with Direct Benefit Transfers (DBT). More than USD 450 billion have been transferred cumulatively in the last 8 years» the minister said.

Bengaluru’s Outer Ring Road (ORR) on Tuesday evening, disrupting movement near key tech corridors. The traffic police took action by closing gates of major tech parks to alleviate the gridlock, leaving many tech workers stranded in their offices for hours.

Huawei product after tech research firm TechInsights took apart the product, a person familiar with the matter said, revealing a possible violation of export restrictions on the Chinese company. The teardown was of Huawei's Ascend 910B, another source said. The 910B is viewed as most advanced AI chip available from a Chinese company. The first source would not identify the item, but said the TSMC chip was one within a multi-chip system. TechInsights informed TSMC of the chip before publishing its findings in a report, the person said, prompting the Taiwanese firm to notify the U.S. Commerce Department a couple of weeks ago.

Lithium Americas president and CEO Jonathan Evans discusses the increased investment in the company’s Thacker Pass mine in Nevada on ‘The Bottom Line.’

Telecom Regulatory Authority of India (Trai) has sought comments from stakeholders regarding the authorisation that would be granted for setting telecommunications, satellite or cloud-hosted telecommunications networks. The 166-page consultation paper, comprising 37 questions, follows a reference from Department of Telecommunications (DoT) dated July 26, seeking to get recommendations on terms and conditions, including fees or charges, for authorisation to establish, operate, maintain or expand telecommunications network as per the provisions of the Telecommunications Act, 2023. Subsequently, the DoT sent another letter, requesting the authority to consider an authorisation for satellite communication network under section 3(1)(b) of the Telecommunications Act, 2023.

Shoppers Stop on Tuesday reported a consolidated net loss of Rs 20.59 crore in the second quarter ended September 30, 2024 on account of muted demand. The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago, according to a regulatory filing from Shoppers Stop. However, its total income was up 7.13 per cent to Rs 1,124.62 crore during the quarter under review. It was Rs 1,049.70 crore a year ago.

India Meteorological Department (IMD) has issued a yellow warning for Wednesday, forecasting further rain showers. According to local police, an under-construction building collapsed in Babusapalya, near KR Puram Railway Station, leading to the death of three labourers. Fourteen people were rescued, while three others remain missing. Rescue operations are ongoing, officials said. In a separate incident, two children drowned in Kengeri Lake after becoming trapped in the marsh. Meanwhile, the Karnataka Innovation and Technology Society (KITS) released an advisory on Tuesday evening, urging IT, BT, and private companies to allow employees to work from home on Wednesday, October 23, due to the heavy rain forecast for Bengaluru Urban district. This is the second time in two weeks that the government has recommended remote work for private-sector employees.

The devastation of Hurricanes Milton and Helene have opened the floodgates for people seeking disaster relief

East Coast Railway (ECoR) has announced the cancellation of 197 trains starting from October 23 due to the anticipated cyclone 'Dana.' The cyclone is expected to impact Odisha by October 25. According to the Indian Meteorological Department (IMD), a low-pressure area over the East-central Bay of Bengal has strengthened and is predicted to turn into a cyclonic storm by October 23, 2024. The storm will likely intensify further into a severe cyclonic storm and is expected to cross the north Odisha and West Bengal coasts between Puri and Sagar Island from late night on October 24 to early morning on October 25.

National Junior Athletics Championships scheduled to begin here on October 25 has been postponed due to an impending cyclone in Odisha, the national federation said on Tuesday. The five-day meet was to be held at the Kalinga Stadium here. «The 39th National Junior Athletics Championships postponed due to (impending) cyclone in Odisha. Next date will be published soon,» Athletics Federation of India (AFI) said in a statement. A well-marked low-pressure area over the Bay of Bengal intensified into a depression on Tuesday as it rolled towards the eastern coast with the likelihood of turning into a severe cyclonic storm, the IMD said.

green energy sector. The state’s Industries Minister, MB Patil, announced the need for a policy to effectively capitalize on investment and production opportunities on Tuesday. With an estimated requirement of Rs 45-50 crore in capital and five gigawatts of power, the state aims to boost such projects. “As per experts, a location within a 20 km radius of Mangaluru port would be ideal for green ammonia and green hydrogen production,” Patil said while interacting with the state's Vision Group for Green Energy. He emphasized that achieving the state's renewableenergy goals will require close coordination between the Department of Large-Scale Industries and the Department of Power. A second meeting will be held with industrialists and potential investors to discuss the way forward. Patil also noted that there are suggestions to establish green industrial parks to attract more investments into the sector. Renewable energy company-- Avaada Energy’s CEO, Krishna Nair, who was present for the meeting, said the company has signed an MoU with Karnataka worth Rs 45,000 crore for green hydrogen production. «We can focus on electrolyte and battery production if the government introduces the right policies and incentives.»

Haryana's Agriculture and Farmers' Welfare Department has suspended 24 officials over alleged failure to take adequate steps to prevent stubble burning incidents in their respective areas. An order in this regard was issued on October 20. While the order mentioned that the officials are suspended on administrative grounds, a senior officer of the department on Tuesday said the action has been taken because of the alleged failure of these officials to prevent stubble burning incidents. He said that more stubble burning cases were found in their areas.

Subscribe to enjoy similar stories. Last week, after a couple of days of torrential rain, an unexpected visitor showed up at our house. Just as I was getting ready to go to work in the morning, I saw a large furry creature climb over the neighbour’s wall, saunter across our garden and slip through the small gate that separates our garden from the garage.

Cyclone Dana is likely to make landfall between north Odisha and West Bengal coasts between Puri and Sagar Islands, the India Meteorological Department (IMD) has said. The low-pressure area developed over the east-central Bay of Bengal and adjoining the north Andaman Sea is likely to intensify into a depression by October 22 morning. «The depression over Eastcentral Bay of Bengal moved west-northwestwards with a speed of 6 kmph during past 3 hours and lay centred at 0830 hrs IST of today, the 22nd October, over the same region near latitude 15.5° N and longitude 91.0°E, about 700 km southeast of Paradip (Odisha), 750 km south-southeast of Sagar Island (West Bengal) and 730 km south-southeast of Khepupara (Bangladesh),» the IMD said in its latest weather bulletin. «It is very likely to move west-northwestwards and intensify into a cyclonic storm by 23rd October, 2024 over eastcentral Bay of Bengal. Thereafter, continuing to move northwestwards, it is very likely to intensify into a severe cyclonic storm over northwest Bay of Bengal by morning of 24th and cross north Odisha and West Bengal coasts between Puri and Sagar Island during night of 24th and morning of 25th October, 2024 as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph,» it added.

U.S. Justice Department on Monday proposed new rules to protect federal government data or Americans' bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits on certain business transactions. The proposal, which was previewed in March, implements an executive order issued earlier this year by President Joe Biden which aims to keep foreign adversaries from using accessible American financial and genomic data and health data for cyber attacks, espionage and blackmail. In addition to China, Russia and Iran, the rule would also apply to Venezuela, Cuba and North Korea.

Pushkar Singh Dhami on Monday made four announcements on the occasion of Police Commemoration Day, including Rs 100-crore allocation for the construction of residential buildings for cops and increasing their diet allowance by Rs 100 per month. Dhami was addressing police personnel after offering a wreath at the Shaheed Smarak at Police Line Dehradun. In his address, the chief minister also announced an raise in the high altitude allowance to Rs 300 per day for personnel living at a height of over 9,000 feet and an increase of Rs 3,500 in the uniform allowance of police inspectors and assistant sub-inspectors. On this occasion, he also honoured the families of the police personnel who sacrificed their lives.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Pilkington was previously a managing director at AlTi Tiedemann Global, a role she held for a year and a half up until she departed in June this year. Prior to this, she was at Alvarium Investments for three years, where she helped build out the firm's co-invest platform. Brown Advisory turns to Fidelity International for UK intermediary sales director She also worked at ACPI Investments as a fund analyst and deputy fund manager on its Multi Manager balanced product and was an investment and equity fund research analyst at Rathbones. Quintin Ings-Chambers, partner and head of in...