Latest news with #US5
7NEWS
4 hours ago
- Sport
- 7NEWS
Wild scenes as jockey Leandro Henrique celebrates early in Group 1 Grande Premio Brazil thriller
A Brazilian jockey has narrowly avoided disaster after holding on to win his country's biggest race despite celebrating very early. Leandro Henrique saluted aboard Sinzel in the Group 1 Grande Premio Brasil in Rio de Janeiro on Sunday. But it very nearly went haywire when he became a little too confident some 50m away from the post. Thinking he had seen off his only challengers, Henrique stood up on his horse and celebrated towards the grandstands. Incredibly, he lucked out. He never seemed to realise Wilkley De Xavier had ridden Valparaiso up the inside. Replays showed Sinzel won by a nose while Henrique was still standing with one arm outstretched. As well as being the biggest race in Brazil, the Grande Premio also offers the winner a berth in the $US5 million ($A7.7m) Breeders' Cup Turf.
AU Financial Review
4 days ago
- Business
- AU Financial Review
Wall St is going crazy for these oversized, sugary cookies
New York | On a recent afternoon on Manhattan's Upper East Side, young patrons queued up for a TikTok-famous treat: a $US5 ($8) cookie from Crumbl. Just outside, Merle Behrens, 17, was posing for a photo with the chain's signature pink box in hand. She purchased four of the brand's giant and very sweet cookies: chocolate cake, chocolate chip, cookie dough and blueberry cheesecake.
AU Financial Review
5 days ago
- Business
- AU Financial Review
Waitlist grows for Trump's $7.7m golden visa
Washington | Nearly 70,000 people have signed up for the new golden Trump Card, a visa scheme led by Commerce Secretary Howard Lutnick that will grant foreigners legal residency in the United States at a cost of $US5 million ($7.7 million). Last week, Lutnick's department launched a website — — for would-be applicants to register their interest in the visa and to provide basic contact information, including their name, email address and region of the world. The card shown on the website features President Donald Trump's face and signature, as well as an eagle, the Statue of Liberty and the American flag. Financial Times
West Australian
5 days ago
- Business
- West Australian
Lost bag rate improves as passenger traffic soars
In good news for airline passengers, the rate of mishandled baggage is coming down despite air traffic reaching record levels, with technology and automation increasingly playing a role. The latest Baggage IT Insights report by air transport IT provider SITA, based on data from 280 airlines, shows that the mishandling rate dropped to 6.3 bags per 1000 passengers in 2024, down from 6.9 the previous year and a 67 per cent improvement since 2007. The improvement comes despite 2024 being a record-breaking year for air travel, with global passenger numbers reaching 5.3 billion. SITA reports 33.4 million bags were mishandled in 2024, with 22 million of these or 66 per cent resolved by SITA's WorldTracer global baggage tracing and matching system within 48 hours. Of the 22 million, 25 per cent were resolved within 12 hours, 38 per cent within 24 hours and 37 per cent within 48 hours. Delayed bags are the most common issue, accounting for 74 per cent of mishandled baggage, down from 80 per cent the previous year, followed by lost or stolen bags at 8 per cent, while damaged or pilfered bags increased from 15 per cent in 2023 to 18 per cent in 2024. Transfer mishandling was the biggest cause of the problem, accounting for 41 per cent of incidents, an improvement on 46 per cent the previous year. Tagging or ticketing errors, security issues and similar factors rose slightly to 17 per cent — up three percentage points — while loading failures remained steady at 16 per cent. Operational issues including customs delays, weather and capacity constraints increased to 10 per cent from 8 per cent in 2023. The Asia-Pacific region has the best baggage report card, with just 3.1 mishandled bags per 1000 passengers, while North America improved to 5.5 bags per 1000 passengers. Europe improved its performance, but still reported 12.3 mishandled bags per 1000 passengers. 'We're making progress, but baggage still causes stress,' says Nicole Hogg, director of baggage at SITA. Lost baggage cost the airline industry an estimated $US5 billion ($7.6b) in 2024, with airlines and airports turning to new technology to bring this figure down and to meet passengers' growing service expectations. 'We've seen a radical shift with automation and the widespread use of real-time tracking. Passengers now expect their baggage experience to be as easy and transparent as using a rideshare or delivery app,' says David Lavorel, SITA CEO. Real-time tracking, artificial intelligence-powered analytics and self-service solutions are all having a positive effect, according to SITA. In 2024, 42 per cent of passengers had access to real-time baggage updates, up from 38 per cent in 2023. Nearly half of travellers questioned say mobile tracking would boost their confidence in checking in a bag, while 38 per cent value the addition of digital ID tags. In response, airlines are making the baggage journey more visible, with 66 per cent offering automated bag drop and a further 16 per cent planning to do so by 2027. SITA highlights the integration of Apple's Share Item Location feature with SITA WorldTracer as a game changer. Airlines including British Airways, Cathay Pacific, Lufthansa, Qantas and Virgin Atlantic are among those that have adopted the feature, allowing passengers to share the location of their Apple AirTag with airlines, enabling quicker baggage recovery. A new Modern Baggage Messaging standard was recently approved by the air transport industry, which is expected to enhance data quality and reduce baggage mishandling by a further 5 per cent. 'Every bag matters. This isn't just about reducing errors, it's about creating trust in the journey, and the technology is clearly making that possible,' says Hogg.
AU Financial Review
5 days ago
- Business
- AU Financial Review
Musk's xAI seeks to raise $6.6b in further PE funding
Elon Musk's artificial intelligence startup xAI is in talks to raise $US4.3 billion ($6.6 billion) through an equity investment on top of the $US5 billion it has recently been trying to borrow from debt investors, according to information the company shared with investors who asked not to be identified because it is private. Musk's company, which is responsible for the AI chatbot Grok, needs the new money, in part, because it has already spent most of what it previously raised, the materials shared with investors indicate.
