Live News: Elkstone private markets report; executive moves; Asian markets rise
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Live News: Elkstone private markets report; executive moves; Asian markets rise
Fionn Thompson
07:21
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Irish Independent
6 hours ago
- Irish Independent
Airlines weigh Middle East cancellations and deal with ‘location spoofing' after US strikes in Iran
The usually busy airspace stretching from Iran and Iraq to the Mediterranean has been largely empty of commercial air traffic for 10 days since Israel began strikes on Iran on June 13, as airlines divert, cancel and delay flights through the region due to airspace closures and safety concerns. New cancellations of some flights by international carriers in recent days to usually resilient aviation hubs like Dubai, the world's busiest international airport, and Qatar's Doha, show how aviation industry concerns about the region have escalated. However, some international airlines were resuming services on Monday. Leading Asian carrier Singapore Airlines, which described the situation as "fluid", was set to resume flying to Dubai on Monday after cancelling its Sunday flight from Singapore. Similarly, Flightradar24 departure boards show British Airways was set to resume Dubai and Doha flights on Monday after cancelling routes to and from those airports on Sunday. Air France KLM cancelled flights to and from Dubai and Riyadh on Sunday and Monday. With Russian and Ukrainian airspace also closed to most airlines due to years of war, the Middle East had become a more important route for flights between Europe and Asia. Amid missile and air strikes during the past 10 days, airlines have routed north via the Caspian Sea or south via Egypt and Saudi Arabia. Added to increased fuel and crew costs from these long detours and cancellations, carriers also face a potential hike in jet fuel costs as oil prices rise following the US attacks. Proliferating conflict zones are an increasing operational burden on airlines, as aerial attacks raise worries about accidental or deliberate shoot-downs of commercial air traffic. Location spoofing and GPS interference around political hotspots, where ground-based GPS systems broadcast incorrect positions which can send commercial airliners off course, are also a growing issue for commercial aviation. Flightradar24 told Reuters it had seen a "dramatic increase" in jamming and spoofing in recent days over the Persian Gulf. SkAI, a Swiss company that runs a GPS disruption map, late on Sunday said it had observed more than 150 aircraft spoofed in 24 hours there. Safe Airspace, a website run by OPSGROUP, a membership-based organisation that shares flight risk information, noted on Sunday that US attacks on Iran's nuclear sites could heighten the threat to American operators in the region. This could raise additional airspace risks in Gulf states like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, it said. In the days before the US strikes, American Airlines suspended flights to Qatar, and United Airlines and Air Canada did the same with flights to Dubai. They have yet to resume. While international airlines are shying away from the region, local carriers in Jordan, Lebanon and Iraq are tentatively resuming some flights after widespread cancellations. Israel is ramping up flights to help people return home, and leave. The country's Airports Authority says that so-called rescue flights to the country would expand on Monday with 24 a day, although each flight would be limited to 50 passengers. From Monday, Israeli airlines will start to operate outbound flights from Israel, the authority said. Israeli airline El Al on Sunday said it had received applications to leave the country from about 25,000 people in about a day.
Irish Independent
4 days ago
- Irish Independent
EU ramps up its efforts to stop Chinese online firms selling illegal goods
The EU's executive arm yesterday unveiled a list of grievances against China-owned AliExpress, which has been under investigation since March 2024 under the Digital Services Act – the EU's content moderation rulebook. In a statement, the European Commission said that AliExpress doesn't adequately moderate the goods sold on its website and fails to 'appropriately enforce' its penalty policy against sellers who repeatedly post illegal content. Platforms with more than 45 million EU users can face fines of 6pc of global yearly sales The commission's preliminary findings now put the platform at risk of a fine. An AliExpress spokesperson said the company is continuing to work closely with the commission and is committed to respecting EU rules. They said they were 'confident that a positive and compliant result will be achieved'. The commission also said AliExpress has committed to changes to systems for detecting and flagging illegal products – such as medicines and food supplements – tracing sellers and making its data more transparent. Alibaba is looking for new areas for growth after its core businesses has fallen victim to ongoing US-China tensions. Company chair Joe Tsai said last month that Asian companies can look for opportunities in Asia or Europe for expansion. Under the Digital Services Act, online platforms with more than 45 million EU users can face fines of 6pc of their global yearly sales for failing to stamp out illicit products or harmful content. Besides AliExpress, other major online platforms – including X, Meta, Temu, TikTok and several pornography platforms – are currently being investigated under the sweeping regulation.
The Irish Sun
6 days ago
- The Irish Sun
‘Waiting so long for this', scream fans as popular restaurant reopens after closures and foodies sigh ‘you were missed'
FOODIE fans are in luck as a popular restaurant is opening its doors once again to the public just in time for summer. The much-loved Asian eatery Wagamama is making a sizzling return to 4 The much-loved Asian style restaurant is set to be back in Dublin this summer Credit: Getty Images - Getty 4 With famous dishes like their signature Katsu chicken curry on the menu Credit: 4 Enjoy their ramen once again as they aim to open their doors to customers on June 23 Credit: Irish Wagamama fans were left heartbroken after the restaurant chain shut in September 2024. More than 106 employees lost their jobs after the decision to cease trading immediately came to light. restructuring its franchise agreement in Ireland. But lovers of the restaurant will be happy to know that they are back in business this summer. READ MORE ON MONEY Their big reopening is set to take place on June 23 in Liffey Valley. With their infamous Dundrum location set to return in mid-August. In a post to their Instagram, they let fans know of their anticipated arrival with the caption: "Guess who's back?". Many of their followers couldn't contain their excitement as they flooded the post with comments. Most read in Money One fan exclaimed: "I cannot wait. I have been watching since the signs went up!!" Another echoed "Can't wait!" and that they were "super excited". Why McDonald's Cancelled Its New Drive-Thru Plans in Scottish Town (1) Patience paid off for all the Asian-style food lovers as many expressed their relief for the return of the restaurant chain to Ireland. Another happy foodie said: "Thank god!!! You were missed." Ruffy Magat, general manager for Wagamama "Whether it's your first taste or your fiftieth bowl, everyone's welcome back at our benches.' Liffey Valley Shopping Centre Director Denis O'Connell added: 'We are thrilled to welcome wagamama to Liffey Valley Shopping Centre. "The addition of wagamama to the retailer line up is further evidence of our constant drive to enhance the Liffey Valley customer experience." And better yet the popular food chain is giving fans a chance to view their new menu for free. All you have to do is sign up through the for one of the exclusive tasting events. Where you get to enjoy one of the 1,000 free meals but you need to be quick to get your ramen fix, as slots are booking quick! The return of Wagamama to Dublin is part of ambitious plans to open further restaurants in the coming months, bringing fresh, flavour-packed dishes to even more locations in Ireland. 4 And the popular Dundrum location is set to return in mid August Credit: Getty Images - Getty
