
Boeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reports
BEIJING/HONG KONG: Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on Saturday, Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease.
The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a fireball shortly after takeoff in western India.
Boeing and Juneyao Airlines did not immediately reply to Reuters requests for comment on the Yicai report.
The U.S. aerospace giant had suspended new aircraft deliveries to China in April as President Donald Trump's tariff war escalated between the world's two largest economies.
Boeing said at the end of May that deliveries would resume this month after the tariffs were temporarily scaled back for 90 days.
China and the U.S. concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers' bruising tariff war, where negotiators from Washington and Beijing agreed on a framework covering tariff rates.
On Monday, a new Boeing 737 MAX painted in the livery of Xiamen Airlines landed in China, adding to signs that the planemaker was resuming deliveries to China. The country represents about 10% of Boeing's commercial backlog and is an important and growing aviation market.
Boeing had previously said customers in China would not take delivery of new planes due to the tariffs and that it was looking to resell potentially dozens of aircraft.
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The Star
5 hours ago
- The Star
Trump reports more than $600 million in income from crypto, golf, licensing fees
(Reuters) -Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America's billionaire president. The annual financial disclosure form, which appeared to cover the 2024 calendar year, shows the president's push into crypto added substantially to his wealth but he also reported large fees from developments and revenues from his other businesses. Overall, the president reported assets worth at least $1.6 billion, a Reuters calculation shows. While Trump has said he has put his businesses into a trust managed by his children, the disclosures show how income from those sources still ultimately accrue to the president - something that has opened him to accusations of conflicts of interest. Some of his businesses in areas such as crypto, for example, benefit from U.S. policy shifts under him and have become a source of criticism. The White House did not immediately respond to a request for comment. The financial disclosure was signed on June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. Given the speed at which the Trump family has made deals during his ascent to the presidency, the filing is already a time capsule of sorts, capturing a period when the family was just starting to get into crypto but was largely still in the world of real estate deals and golf clubs. A meme coin released earlier this year by the president - $TRUMP - alone has earned an estimated $320 million in fees, although it's not publicly known how that amount has been divided between a Trump-controlled entity and its partners. In addition to the meme coin fees, the Trump family has raked in more than $400 million from World Liberty Financial, a decentralized finance company. The Trump family is involved, also, with a bitcoin mining operation and digital asset exchange-traded funds. In the disclosures, Trump reported $57.35 million from token sales at World Liberty. He also reported holding 15.75 billion governance tokens in the venture. TRUMP MEDIA The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. Besides assets and revenues from his business ventures, the president reported at least $12 million in income, including through interest and dividends, from passive investments totaling at least $211 million, a Reuters calculation shows. His biggest investments were in alternative fund manager Blue Owl Capital Corp and in government bond funds managed by Charles Schwab and Invesco. The disclosure often only gave ranges for the value of his assets and income; Reuters used the lower amount listed, meaning the total value of his assets and income was almost certainly higher. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state - Jupiter, Doral and West Palm Beach - plus his nearby private members' club at Mar-a-Lago generated at least $217.7 million in income, according to the filing. Trump National Doral, the expansive Miami-area golf hub known for its Blue Monster course, was the family's single largest income source at $110.4 million. The income figures provided are essentially revenues, not net profits after subtracting costs. The disclosure underlined the global nature of the Trump family business, listing income of $5 million in license fees from a development in Vietnam, $10 million in development fees from a project in India and almost $16 million in licensing fees for a Dubai project. Trump collected royalty money, also, from a variety of deals - $1.3 million from the Greenwood Bible (its website describes it as "the only Bible officially endorsed by Lee Greenwood and President Trump"); $2.8 million from Trump Watches, and $2.5 million from Trump Sneakers and Fragrances. Trump listed $1.16 million in income from his NFTs - digital trading cards in his likeness - while First Lady Melania Trump earned around $216,700 from license fees on her own NFT collection. (Reporting by Lawrence Delevingne, Tom Bergin, Tom Lasseter, Shivani Tanna in Bengaluru; additional reporting by Jim Oliphant; Editing by Sandra Maler, Paritosh Bansal, Megan Davies, Will Dunham and Raju Gopalakrishnan)


The Sun
6 hours ago
- The Sun
Israel threatens to make Tehran 'burn' after Iranian retaliatory strikes
JERUSALEM: Iran and Israel traded missiles and airstrikes on Saturday, the day after Israel launched a sweeping air offensive against its old enemy, killing commanders and scientists and bombing nuclear sites in a stated bid to stop it building an atomic weapon. In Tehran, Iranian state TV reported that around 60 people, including 20 children, had been killed in an attack on a housing complex, with more strikes reported across the country. Israel said it had attacked more than 150 targets. In Israel, air raid sirens sent residents into shelters as waves of missiles streaked across the sky and interceptors rose to meet them. At least three people were killed overnight. An Israeli official said Iran had fired around 200 ballistic missiles in four waves. U.S. President Donald Trump has lauded Israel's strikes and warned of much worse to come unless Iran quickly accepts the sharp downgrading of its nuclear programme that the U.S. has demanded in talks that had been due to resume on Sunday. But with Israel saying its operation could last weeks, and urging Iran's people to rise up against their Islamic clerical rulers, fears have grown of a regional conflagration dragging in outside powers. The United States, Israel's main ally, helped shoot down Iranian missiles, two U.S. officials said. 'If (Supreme Leader Ayatollah Ali) Khamenei continues to fire missiles at the Israeli home front, Tehran will burn,' Israeli Defence Minister Israel Katz said. Iran had vowed to avenge Friday's Israeli onslaught, which gutted Iran's nuclear and military leadership and damaged atomic plants and military bases. Tehran warned Israel's allies that their regional military bases would come under fire too if they help shoot down Iranian missiles, Iranian state television reported. However, 20 months of war in Gaza and a conflict in Lebanon last year have decimated Tehran's strongest regional proxies, Hamas in Gaza and Hezbollah in Lebanon, reducing its options for retaliation. Gulf Arab states that have long mistrusted Iran but fear coming under attack in any wider conflict have urged calm as worries about disruption to the Gulf region's crucial oil exports boosted the price of crude by about 7% on Friday. Iranian general and parliament member Esmail Kosari said the country was seriously reviewing whether to close the Strait of Hormuz, the outlet for oil shipped from the Gulf. NIGHT OF BLASTS AND FEAR IN ISRAEL AND IRAN Iran's overnight fusillade included hundreds of ballistic missiles and drones, an Israeli official said. Three people, including a man and a woman, were killed and dozens wounded, the ambulance service said. In Rishon LeZion, south of Tel Aviv, emergency services rescued a baby girl trapped in a house hit by a missile, police said. Video showed teams searching through the rubble of one home. In the western suburb of Ramat Gan, near Ben Gurion airport, Linda Grinfeld described her apartment being damaged: 'We were sitting in the shelter, and then we heard such a boom. It was awful.' The Israeli military said it had intercepted surface-to-surface Iranian missiles as well as drones, and that two rockets had been fired from Gaza. In Iran, Israel's two days of strikes destroyed residential apartment buildings, killing families and neighbours as apparent collateral damage in strikes targetting scientists and senior officials in their beds. Iran said 78 people were killed on the first day and scores more on the second day, including when a missile brought down a 14-storey apartment block in Tehran. State TV said 60 people were believed to have been killed there, though the figure was not officially confirmed. It broadcast pictures of the aftermath, with the collapsed building flattened into debris and the facade of several upper storeys lying sideways in the street, while slabs of concrete dangled from a neighbouring building. 'Smoke and dust were filling all the house and we couldn't breathe,' 45-year-old Tehran resident Mohsen Salehi told Iranian news agency WANA after an overnight air strike woke his family. Fars News agency said two projectiles had hit Mehrabad airport, located inside the capital, which is both civilian and military. With Iran's air defences heavily damaged, Israeli Air Force chief Tomer Bar said 'the road to Iran has been paved'. In preparation for possible further escalation, reservists were being deployed across Israel. Army Radio reported units had been positioned along the Lebanese and Jordanian borders. IRANIAN NUCLEAR SITES DAMAGED Israel sees Iran's nuclear programme as a threat to its existence, and said the bombardment was designed to avert the last steps to production of a nuclear weapon. A military official on Saturday said Israel had caused significant damage to Iran's nuclear facilities at Natanz and Isfahan, but had not so far operated in another uranium enrichment site, Fordow. The official said Israel had 'eliminated the highest commanders of their military leadership' and had killed nine nuclear scientists who 'were main sources of knowledge, main forces driving forward the (nuclear) programme'. Tehran insists the programme is entirely civilian in line with its obligations under the nuclear Non-Proliferation Treaty (NPT) and that it does not seek an atomic bomb. However, it has repeatedly hidden parts of its programme from international inspectors, and the International Atomic Energy Agency on Thursday reported it in violation of the NPT. Iranian talks with the United States to resolve the nuclear dispute have stuttered this year. The next meeting is set for Sunday. Tehran implied it would not attend but stopped short of pulling out. 'The other side (the U.S.) acted in a way that makes dialogue meaningless,' state media quoted foreign ministry spokesperson Esmaeil Baghaei as saying. 'It is still unclear what decision we will make on Sunday in this regard.'


The Sun
6 hours ago
- The Sun
India orders inspection of Boeing 787s after Air India crash
AHMEDABAD: India's aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator had on Friday ordered Air India to conduct additional maintenance checks on its Boeing 787-8/9 aircraft equipped with GEnx engines, including assessments of certain take-off parameters, electronic engine control tests and engine fuel-related checks. 'We have also given the order to do the extended surveillance of the 787 planes. There are 34 in our Indian fleet,' aviation minister Ram Mohan Naidu told reporters in New Delhi. 'Eight have already been inspected and with immediate urgency, all of them are going to be done.' He did not say whether government officials will be involved in the inspections. The Boeing 787-8 Dreamliner with 242 people on board bound for Britain's Gatwick Airport began losing height seconds after take-off on Thursday and erupted in a fireball as it hit buildings below, in what has been the world's worst aviation disaster in a decade. Air India operates 33 Boeing 787s, while rival airline IndiGo has one, according to data from Flightradar24. IndiGo did not respond to a request for comment. In a statement, Air India said it is currently completing the one-time safety checks directed by the Indian regulator, adding that 'some of these checks could lead to higher turnaround time and potential delays on certain long-haul routes.' The planes, however, have not been grounded, but a source on Friday told Reuters the Indian government was considering that as an option. Naidu also said the government will look at all possible theories of what led to the crash. Air India and the Indian government were looking at several aspects of the crash including issues linked to its engine thrust, flaps, and why the landing gear remained open as the plane took off and then came down, Reuters has reported. At least 270 bodies have been recovered from the site of the crash, Dhaval Gameti, president of the Junior Doctors Association at B.J. Medical College, told reporters. Only one of the 242 passengers and crew on board survived while others were killed as the plane struck the medical college's hostel as it came down. The crisis has cast a shadow on Air India, which has for years struggled to rebuild its reputation and revamp its fleet after the Tata Group took over the airline from the Indian government in 2022. Tata's chairman said on Friday the group wants to understand what happened, but 'we don't know right now.' Naidu said a government panel was investigating the crash and will issue a report within three months. 'We are going to improve every necessary thing that is going to come our way, to improve the safety,' he said at the briefing, declining questions from journalists. BODIES RELEASED FROM MORGUE Later in the afternoon, authorities removed the tail of the aircraft that was stuck on top of a building, while hospital and rescue officials said a body of a cabin crew member was recovered from the wreckage. Air India said it will provide an interim payment of 2.5 million rupees ($29,000) each to the families of the deceased and to the survivor, to help address immediate financial needs, in addition to 10 million rupees in support announced previously by the Tata Group. 'The process of reuniting next of kin with their loved ones and personal effects has begun,' Air India CEO Campbell Wilson said in a statement, as authorities started handing over bodies of passengers and crew members to their families, nearly 48 hours after the crash. Dozens of anxious family members have been waiting outside an Ahmedabad hospital to collect the bodies, as doctors were working overtime to gather dental samples from the deceased to run identification checks and DNA profiling. At least 11 DNA samples have been matched so far, and authorities expect to hand over three bodies by Saturday evening, said Rajnish Patel, a senior official at the Ahmedabad Civil Hospital. He told reporters that the matching of samples was a meticulous process that had to be done slowly. The wait, however, had made some family members more distraught. Rafiq Abdul Hafiz Memon, who lost four relatives in the incident, said he was not getting any answers from authorities. 'We have lost our children ... we are not understanding anything. Please help us get information about our children. Tell us when they are going to release their bodies,' Memon said. Another father was upset about not being able to get the body of his son, Harshad Patel, saying he was told by authorities it will take 72 hours for DNA profiling. 'The authorities are trying to help but our patience is running out,' he said. Most bodies in the crash were badly charred and authorities are using dental samples to run identification checks. Jaishankar Pillai, a forensic dentist, told reporters on Friday they had the dental records of 135 charred victims, which can then be matched through reference to victims' prior dental charts, radiographs or other records. Even for doctors, things are getting difficult, as the plane struck a hostel building of the B.J. Medical College, where many of the dead are undergoing identification checks. 'Most of us are struggling with our emotions and are mentally disturbed because of the loss of friends and colleagues,' said one doctor who did not wish to be named. 'The loss of so many colleagues and friends in this incident is difficult.' ($1 = 86.0810 Indian rupees)