logo
US sees no immediate reason to ground Boeing 787 after Air India crash

US sees no immediate reason to ground Boeing 787 after Air India crash

CNA20 hours ago

WASHINGTON: US officials said on Thursday (Jun 12) they have not seen any immediate safety data that would require halting Boeing 787 flights after a fatal Air India accident killed over 240 people.
Transportation Secretary Sean Duffy and Acting Federal Aviation Administration head Chris Rocheleau made the comments at a news conference and said they had seen videos of the crash in India.
Duffy said he had spoken to National Transportation Safety Board Chair Jennifer Homendy. An NTSB and FAA team, with support from Boeing and engine manufacturer GE Aerospace, was going to India, Duffy said.
"They have to get on the ground and take a look. But again right now it'd be way too premature," Duffy said. "People are looking at videos and trying to assess what happened, which is never a strong, smart way to make decisions on what took place."
Duffy said the FAA was reviewing information with Boeing and GE as part of the investigation into the crash.
Duffy also emphasised the US government "will not hesitate to implement any safety recommendations that may arise. We will follow the facts and put safety first".
Rocheleau said, "As we proceed down this road with the investigation itself, if there's any information that becomes available to us regarding any risk, we will mitigate those risks."
Duffy said the FAA is "prepared to send additional resources to get the data we need to ensure the safety of the flying public".

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US judge blocks Trump election order, says states can count late mail-in ballots
US judge blocks Trump election order, says states can count late mail-in ballots

CNA

timean hour ago

  • CNA

US judge blocks Trump election order, says states can count late mail-in ballots

BOSTON: A federal judge on Friday (Jun 13) blocked key elements of US President Donald Trump's executive order overhauling federal elections, ruling that several provisions likely violated the Constitution and intruded on state powers to regulate voting procedures. US District Judge Denise Casper in Boston granted a preliminary injunction sought by 19 Democrat-led states, pausing enforcement of parts of the March 25 order. The ruling prevents the federal government from mandating documentary proof of citizenship to register to vote and from banning states from counting mail-in ballots received after Election Day. 'The Constitution does not grant the president any specific powers over elections,' wrote Casper, an appointee of former President Barack Obama. 'The authority for election requirements is in the hands of Congress.' Casper ruled that 13 states that allow mail-in ballots postmarked by Election Day could continue to count those votes, saying federal election law requires that ballots be cast, not necessarily received, by that day. She also barred the Department of Justice from pursuing civil or criminal enforcement actions against states that do not comply with Trump's order. The ruling marks a significant setback for the Trump administration, which had argued the executive order was a vital step toward ensuring election integrity. It also builds on a previous ruling in Washington that had already blocked portions of the order. Casper's decision also halts efforts by the US Election Assistance Commission to revise the federal voter registration form to require documentary proof of citizenship, an action she said Congress had never authorised. 'No one disputes that US citizenship is required to vote in federal elections,' she wrote, 'but Congress has not imposed a documentary proof requirement.' The executive order came as part of Trump's broader push to reshape election rules following his defeat to Joe Biden in 2020, a loss he has repeatedly, and falsely, claimed was due to massive voter fraud. REPUBLICANS VOW TO KEEP PUSHING CHANGES White House spokesperson Harrison Fields responded by saying that the president 'will keep fighting for election integrity, despite Democrat objections that reveal their disdain for commonsense safeguards like verifying citizenship.' 'Free and fair elections are the bedrock of our constitutional republic, and we're confident in securing an ultimate victory in the courtroom,' Fields added. Trump had announced the executive order as necessary to 'straighten out our elections,' citing unsubstantiated concerns over voting by non-citizens. California Attorney General Rob Bonta, who co-led the legal challenge, called the court's decision 'a win for democracy.' 'This ruling stops an unconstitutional attempt to interfere with states' fundamental responsibilities to manage and administer our elections,' Bonta said in a statement.

Analysis:Unglamorous world of 'data infrastructure' driving hot tech M&A market in AI race
Analysis:Unglamorous world of 'data infrastructure' driving hot tech M&A market in AI race

CNA

time2 hours ago

  • CNA

Analysis:Unglamorous world of 'data infrastructure' driving hot tech M&A market in AI race

Weighed down by tariffs and geopolitical uncertainty, dealmaking has slowed to a crawl across most industries except one: the unglamorous world of data infrastructure. The companies that process the data used to build advanced AI models have become highly sought after targets for legacy tech companies like Meta, Salesforce, and ServiceNow in the scramble to stay competitive against the likes of OpenAI, Google and Anthropic. 'AI without data is like life without oxygen, it doesn't exist,' said Brian Marshall, global co-head of software investment banking at Citi. 'Because of that, data is having a zeitgeist moment right now driven by AI,' Marshall said. Tech deals are one of the few bright spots in an otherwise gloomy M&A market, accounting for $421 billion of the $1.67 trillion in global deals announced in the first five months of the year, or about 25 per cent of total M&A, according to preliminary data compiled for Reuters by Dealogic. That's up from about 20 per cent last year and 17 per cent in 2023, the data shows. Of the tech deals, those involving AI software makers accounted for almost three quarters of the overall value, the data shows. SPEED MATTERS Goldman Sachs Managing Director Matthew Lucas, who focuses on M&A relating to all aspects of computing, said enterprise data, as it applies to use in AI, is the 'most dynamic area in software M&A right now.' 'There's a very strong perception that speed matters a lot, getting there first matters a lot, and that tends to lend itself to doing M&A,' Lucas said. The software firms that help companies manage their data on cloud-based systems are increasingly valuable commodities as the number of such potential targets is rapidly shrinking. Enterprise data infrastructure and analytics companies like Confluent, Collibra, Sigma Computing, Matillion, Dataiku, Fivetran, Boomi, and Qlik, could become targets for legacy tech providers in the near term, investment bankers say. The companies, they say, may help businesses integrate, analyze, and store information better. Executives for Boomi, Dataiku, Fivetran, and Qlik all said they weren't surprised by the attention. "Messy, siloed data has long undermined the attempts of enterprises to deliver on the transformative potential of analytics. Now, with the urgency to deploy effective AI, fixing it isn't just essential — it's existential," Florian Douetteau, co-founder and CEO of Dataiku, said in a statement. Requests for comment from Confluent, Collibra, Sigma Computing, and Matillion weren't immediately returned. LEGACY TECH BUYS IN Several multibillion-dollar deals for data infrastructure companies have been struck or closed just in the last few weeks. Meta announced Friday a $14.8 billion deal for a 49 per cent stake in data-labeling company Scale AI. Salesforce announced plans last month to buy data integration company Informatica for $8 billion. Artificial intelligence is driving a once-in-a-generation makeover in tech that's forcing several of the largest social media platforms and software makers to buy companies that help AI-backed systems run smoothly. Worldwide, generative AI spending is expected to total $644 billion in 2025, an increase of 76.4 per cent from 2024, according to a forecast by technology data provider Gartner. In early May, IT management provider ServiceNow said it was buying data catalogue platform which will allow ServiceNow to better understand the business context behind data, executives said when it was announced. The Salesforce acquisition of Informatica, announced late last month, will allow Salesforce to better analyze and assimilate scattered data from across its internal and external systems before feeding it into its in-house AI system, Einstein AI, executives said at the time. IBM closed on its acquisition of data management provider DataStax the very next day. IBM said the deal, announced in February, will allow it to manage and process unstructured data before feeding it to its AI platform. BAD AI ADVICE Those deals highlight the strategic importance for legacy software players to own all aspects of data management, and M&A is often the fastest way to achieve it. Instead of building complex data systems from scratch, they are acquiring specialists that can help organize, clean, and connect data from across their business. Would-be targets have sometimes become the hunters as was the case when Databricks, a leader in data processing and AI that was recently valued at $62 billion, announced plans last week to buy serverless database manager Neon for $1 billion. But dealmakers warned that companies can't just buy any kind of data and throw it into an AI system and expect good results. Air Canada <> was found liable in small claims court and forced to refund airfare last year after one of its AI chatbots gave a customer bad advice. Those types of errors can happen if the wrong kind of unfiltered data is imported into an AI engine, tech dealmakers say. 'A lot of companies have a huge amount of data, but I think they're learning that you can't just funnel every piece of data you have into an AI engine with no organization, and hope that it spits out the right answer,' said Brian Mangino, partner at Latham & Watkins.

Nippon Steel exec says firm needs freedom to manage US Steel, newspaper says
Nippon Steel exec says firm needs freedom to manage US Steel, newspaper says

CNA

time3 hours ago

  • CNA

Nippon Steel exec says firm needs freedom to manage US Steel, newspaper says

Shares of U.S. Steel dipped after a Nippon Steel executive told the Japanese Nikkei newspaper that its planned takeover of the company required "a degree of management freedom" to go ahead, even as sources told Reuters a deal with the U.S. government to greenlight the tie-up was effectively done. "Without a degree of management freedom, it may not be possible to reach an agreement with the U.S. government," the executive said, according to the newspaper, sending shares of the iconic U.S. steelmaker down 4 per cent. The comments appeared to take aim at remarks made by President Donald Trump, who said on Thursday that he had control over U.S. Steel via a "golden share" that gave the American people a 51 per cent stake in the company. But two of the three people said the deal could be finalized as soon as Friday. Nippon Steel, U.S. Steel and the White House did not immediately respond to requests for comment. The $14.9 billion bid, first announced by Nippon Steel in December 2023, has faced opposition from the start. Both former President Joe Biden and Trump asserted last year that U.S. Steel should remain U.S.-owned, as they sought to woo voters ahead of the presidential election in Pennsylvania, where the company is headquartered. Biden blocked the deal in January on national security grounds, prompting lawsuits by the companies, which argued the national security review they received was biased. The Biden White House disputed the charge. The steel companies saw a new opportunity in the Trump administration, which began on January 20 and opened a fresh 45-day national security review into the proposed merger in April. But Trump's public comments, ranging from welcoming a simple "investment" in U.S. Steel by the Japanese firm to floating a minority stake for Nippon Steel, spurred confusion. At a rally in Pennsylvania on May 30, Trump lauded an agreement between the companies and said Nippon Steel would make a "great partner" for U.S. Steel. But he later told reporters the deal still lacked his final approval, leaving unresolved whether he would allow Nippon Steel to take ownership. Nippon Steel and the Trump administration asked a U.S. appeals court on June 5 for an eight-day extension of a pause in litigation to give them more time to reach a deal for the Japanese firm. The pause expires Friday, but could be extended. June 18 is the expiration date of the current acquisition contract between Nippon Steel and U.S. Steel, but the firms could agree to postpone that date.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store