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Spirit’s Big Fail: Oversized Planes Are Breaking Low-Cost Airlines
BusinessAerospace & DefenseSpirit’s Big Fail: Oversized Planes Are Breaking Low-Cost AirlinesByMarisa Garcia,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Offering an insider’s view of the business of flight.Follow AuthorMay 13, 2026, 05:30am EDTFORT LAUDERDALE, FLORIDA - MAY 02: Spirit Airlines planes are parked on the tarmac at the Fort Lauderdale-Hollywood International Airport on May 02, 2026 in Fort Lauderdale, Florida. Spirit Aviation Holdings Inc...
European Commission BANS airlines from adding fuel surcharges after passengers have bought tickets - but only if they were purchased in the EU
European Commission BANS airlines from adding fuel surcharges after passengers have bought tickets - but only if they were purchased in the EUREAD MORE: The airlines most prepared for jet fuel shortages: Data reveals the carriers who are least likely to cancel flights if oil prices remain highBy ERIN DEBORAH WAKS, TRAVEL WRITER Published: 10:20, 13 May 2026 | Updated: 10:29, 13 May 2026 e-mail View comments
Rupee at 95.74: INR hits all-time low as oil prices pressure economy
The Indian rupee hit a new low against the US dollar, pressured by rising oil prices and external debt. Analysts link the decline to the US-Iran conflict, which has boosted crude oil costs and strained India's economy. While the RBI and government are intervening, markets anticipate potential interest rate hikes to stabilize the currency and manage inflation.
Russia’s Battlegroup North UAV units destroy over 55 Ukrainian Starlink stations in May
The head of the 11th Army Corps’ UAV planning and countermeasures department, call sign "Karta" noted that the antennas were discovered during airborne reconnaissance both along the line of contact and behind enemy lines
Babcock takes £140m hit from reworks to new Royal Navy warships
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India Set to Scale Back Russian Oil Imports If US Waiver Lapses
Indian oil refiners may be forced to scale back imports of Russian crude if a US sanctions waiver is not extended beyond this weekend, with local processors grappling with the fallout from the Iran war.
Short flights are popular. Will they last?
Some flights are less than 100 miles, and they're the backbone of the U.S. air system, linking small towns and big cities. But short routes were in decline even before jet fuel costs spiked.(Image credit: Charles Krupa)
Blackstone Drops $4 Billion New World Deal Over Control Clash
Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property developer refused to hand over the reins, people familiar with the matter said.
RBI Governor says petrol, diesel price hike likely if West Asia crisis drags on
RBI Governor says petrol diesel price hike likely if West Asia crisis drags on
Abu Dhabi powers the UAE’s biggest infrastructure boom: Suhail Al Mazrouei
At ADIS 2026, Suhail bin Mohammed Al Mazrouei stated that the Emirate of Abu Dhabi is leading the largest wave of infrastructure spending in the United Arab Emirates over the next four years, covering roads, transportation, railways, metro systems, and high-speed trains. The initiative forms part of an ambitious strategic vision aimed at strengthening the UAE’s global competitiveness and accelerating economic diversification beyond oil dependency.Speaking during a panel discussion titled “The UA...
Universal Credit claims hit record 8.3 million as Labour faces growing welfare crisis
The number of people claiming Universal Credit has climbed to a record 8.3 million, dealing a major blow to Labour's efforts to reduce welfare dependency and increase employment across Britain.Total caseload rose by 830,000 over the past year, increasing from 7.5 million in February 2025 to more than eight million by February 2026, new Department for Work and Pensions (DWP) figures show.The latest total represents the highest number of Universal Credit claimants since the welfare system was intr...
Indonesia Wealth Fund Taps Mandiri Banker Ramadhana as CEO
Indonesia Investment Authority has hired investment banker Oki Ramadhana as its new chief executive officer, according to people familiar with the matter, filling a leadership vacuum at the country’s first sovereign wealth fund.
Abdulaziz Al Ghurair: The UAE's economy returns stronger after crises - Emirates 24|7
Abdulaziz Al Ghurair: The UAE's economy returns stronger after crises Emirates 24|7
India GCCs to gain as US plans sharp H-1B wage hikes
Proposed US H-1B wage hikes are poised to benefit India's Global Capability Centres (GCCs) as MNCs re-evaluate global workforce strategies. With a focus on smaller, outcome-driven teams and visa-agnostic environments, GCCs are becoming a cost-efficient alternative for companies looking to scale operations offshore amidst rising US hiring expenses.
Intertek set to accept higher £9.4bn approach from Swedish bidder
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Gold duty hike explained: What happens to your purchases now?
Gold duty hike explained What happens to your purchases now
Oil Inventories Falling at Record Pace on Iran War, IEA Says
Oil inventories are falling around the world at a record pace and will continue to drop for months as the disruption to Middle East supplies from the Iran war intensifies, according to the International Energy Agency.
Nissan Forecasts Profit in Sign Restructuring is Taking Root
Nissan Motor Co. forecast an operating profit well above consensus estimates, an early indication that cost-cutting measures are helping to alleviate the carmaker’s cash-strapped financial position.
GitLab to layoff 30% staff to invest in AI, starts hiring for over 20 roles in India
GitLab to layoff staff to invest in AI starts hiring for over roles in India
Do India’s forex reserves cover enough to defend rupee? Why economists are confident
Economists believe India’s foreign-exchange reserves are still sufficiently strong to shield the rupee from the oil price shock triggered by the Iran conflict, with the country’s reserve buffers remaining far healthier than the levels seen during the 2013 taper tantrum.