More than 200 die in Air India plane crash
Boeing said it was aware of initial reports and was working to gather more information. Boeing shares fell five per cent as the crash posed a major setback for the plane manufacturer as its new CEO looks to rebuild trust following a series of safety and production challenges.
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The Age
an hour ago
- The Age
Boeing's safety record under scrutiny after Air India disaster
Questions swirl about the safety of the Boeing jet that crashed on take-off in India, the first fatal incident involving the Dreamliner. The 787-8 Dreamliner departing Ahmedabad, India for London Gatwick Airport was carrying 230 passengers and 12 crew when it plunged into a residential area seconds after lifting off a runway on Thursday. There was a single survivor. Flightradar24 listed the Air India flight 171 as having completed a return flight from Delhi to Melbourne on Sunday. Shares in Boeing fell 4.8 per cent on Wall Street on a broadly positive session, as questions about safety issues at the aircraft manufacturer resurfaced. There are nearly 1200 Dreamliners in service worldwide made by Boeing, a company already under a cloud for deadly manufacturing issues related to the smaller 737 Max. Dr Oleksandra Molloy, a senior lecturer in aviation at the University of New South Wales, said the Air India crash may impact Boeing's reputation if it's proven the disaster is linked 'to the design or performance of an aircraft'. 'Specifically, it raises serious concerns regarding Boeing's quality control and systemic issues with Boeing's operations.' Based on the video evidence, human error may also be a cause. 'Incorrect weight entry by the crew can cause insufficient lift, and lead to wrong engine settings.' 'It also appears that there were technical malfunctions, where the landing gear remained extended, and wing flaps were not properly deployed during take-off and they are quite vital because they help an aircraft generate maximum lift at a lower speed,' Dr Molloy said.
The Age
2 hours ago
- The Age
ASX dips as gold, energy stocks soar after Iran attack
The Australian sharemarket drifted lower while gold and energy stocks soared after Israel launched airstrikes targeting Iran's nuclear sites and military leadership, raising fears over a significant escalation of hostilities in the Middle East. The ASX 200 opened higher but fell into negative territory after the strikes were reported, with Israel claiming responsibility for the incident. The index closed 17.7, or 0.2 per cent, lower at 8,547.40, with eight of 11 industry sectors in the red. Israel's attack on Iran came ahead of a sixth round of nuclear talks between US officials and Tehran over the gulf state's uranium enrichment activities, and a day after the US authorised a partial evacuation of its embassies in the Middle East. Israeli officials said its defence force had launched attacks on 'dozens of military targets', and declared a state of emergency ahead of expected retaliation from Iran. The escalation was a blow to risk sentiment and came at a crucial time after macro and systematic funds had rebuilt long positions and investor sentiment had rebounded, IG Markets analyst Tony Sycamore said. 'While we await further news and a potential response from Iran, we are likely to see a further deterioration in risk sentiment as traders cut risk seeking positions ahead of the weekend,' he said. Israel's strike on Iran has also injected a fresh bout of geopolitical risk into an oil market that has been in the doldrums due to concerns about the global economy and supply increases from OPEC+. Brent crude jumped more than 13 per cent following the attacks, and energy stocks on the ASX surged, with Woodside jumping by 7.4 per cent while Santos climbed 3.7 per cent. Fears of an oil glut later this year are now being replaced by calls for higher prices, at least in the short term. Much will depend on Iran's response and whether key energy assets in the Middle East or tanker traffic through the region are affected.
The Advertiser
2 hours ago
- The Advertiser
PM leans on friends in uncertain world ahead of talks
The prime minister has stressed the importance of "trusted partners" in an uncertain world as major diplomatic talks loom. Sporting a teal and white island shirt, Anthony Albanese met with his Fijian counterpart Sitiveni Rabuka in Nadi on his first stop of a global tour. The meeting was their first since Labor's decisive re-election and Mr Albanese said the timing showed both nations were part of a "Pacific family". "You, my friend, are a trusted partner and friend of Australia," Mr Albanese told Mr Rabuka ahead of bilateral discussions. "We in Australia understand that in today's uncertain world, what we need are partners and friends we can rely on." During the meeting, the leaders reaffirmed their commitment to the Vuvale Partnership, which emphasises both countries' shared goal of regional peace, security and prosperity. The prime ministers began preparations for the Pacific Islands Forum leaders' meeting, to be hosted in the Solomon Islands in September, which is expected to enhance co-operation within the region. While Mr Albanese's Pacific visit is expected to play second fiddle to a potential meeting with US President Donald Trump in coming days, regional issues such as security remain a key focus for Australia. The environment and climate change were also discussion points in Fiji as Australia bids to co-host the United Nations' climate conference with Pacific partners in 2026. "Fiji is one of the most important relationships for Australia in the Pacific Islands region," Lowy Institute Pacific Islands program director Mihai Sora told AAP. The nation had been able to delineate its security relationships with traditional partners such as the US, Australia and New Zealand while also protecting and promoting trade and economic ties with China and other parts of Asia, Mr Sora said. Mr Albanese was welcomed by a delegation and local marching band, which made him feel at home with a rendition of Advance Australia Fair, before attending a meeting and dinner with Fijian officials. However, the centrepiece of Mr Albanese's whirlwind trip will be the G7 summit, a gathering of seven of the world's largest advanced economies. Australia is not a member of the G7, but Canadian Prime Minister Mark Carney invited Mr Albanese. He is expected to meet with the US president on the sidelines of the conference, where he could try to carve out a tariff exemption. Australia faces 10 per cent tariffs on goods exported to the US and - like every US trading partner except the UK - has been hit with 50 per cent tariffs on aluminium and steel sent to America. The Australian government has called the trade measures an "act of economic self-harm" and is considering using critical minerals and US beef imports as bargaining chips. Mr Albanese has not yet confirmed whether he will meet Mr Trump, although other bilateral discussions have been organised with the leaders of Canada, the UK, South Korea and Japan. The prime minister is also expected to meet with business leaders in Seattle en route to the G7 to discuss emerging technologies such as artificial intelligence. The prime minister has stressed the importance of "trusted partners" in an uncertain world as major diplomatic talks loom. Sporting a teal and white island shirt, Anthony Albanese met with his Fijian counterpart Sitiveni Rabuka in Nadi on his first stop of a global tour. The meeting was their first since Labor's decisive re-election and Mr Albanese said the timing showed both nations were part of a "Pacific family". "You, my friend, are a trusted partner and friend of Australia," Mr Albanese told Mr Rabuka ahead of bilateral discussions. "We in Australia understand that in today's uncertain world, what we need are partners and friends we can rely on." During the meeting, the leaders reaffirmed their commitment to the Vuvale Partnership, which emphasises both countries' shared goal of regional peace, security and prosperity. The prime ministers began preparations for the Pacific Islands Forum leaders' meeting, to be hosted in the Solomon Islands in September, which is expected to enhance co-operation within the region. While Mr Albanese's Pacific visit is expected to play second fiddle to a potential meeting with US President Donald Trump in coming days, regional issues such as security remain a key focus for Australia. The environment and climate change were also discussion points in Fiji as Australia bids to co-host the United Nations' climate conference with Pacific partners in 2026. "Fiji is one of the most important relationships for Australia in the Pacific Islands region," Lowy Institute Pacific Islands program director Mihai Sora told AAP. The nation had been able to delineate its security relationships with traditional partners such as the US, Australia and New Zealand while also protecting and promoting trade and economic ties with China and other parts of Asia, Mr Sora said. Mr Albanese was welcomed by a delegation and local marching band, which made him feel at home with a rendition of Advance Australia Fair, before attending a meeting and dinner with Fijian officials. However, the centrepiece of Mr Albanese's whirlwind trip will be the G7 summit, a gathering of seven of the world's largest advanced economies. Australia is not a member of the G7, but Canadian Prime Minister Mark Carney invited Mr Albanese. He is expected to meet with the US president on the sidelines of the conference, where he could try to carve out a tariff exemption. Australia faces 10 per cent tariffs on goods exported to the US and - like every US trading partner except the UK - has been hit with 50 per cent tariffs on aluminium and steel sent to America. The Australian government has called the trade measures an "act of economic self-harm" and is considering using critical minerals and US beef imports as bargaining chips. Mr Albanese has not yet confirmed whether he will meet Mr Trump, although other bilateral discussions have been organised with the leaders of Canada, the UK, South Korea and Japan. The prime minister is also expected to meet with business leaders in Seattle en route to the G7 to discuss emerging technologies such as artificial intelligence. The prime minister has stressed the importance of "trusted partners" in an uncertain world as major diplomatic talks loom. Sporting a teal and white island shirt, Anthony Albanese met with his Fijian counterpart Sitiveni Rabuka in Nadi on his first stop of a global tour. The meeting was their first since Labor's decisive re-election and Mr Albanese said the timing showed both nations were part of a "Pacific family". "You, my friend, are a trusted partner and friend of Australia," Mr Albanese told Mr Rabuka ahead of bilateral discussions. "We in Australia understand that in today's uncertain world, what we need are partners and friends we can rely on." During the meeting, the leaders reaffirmed their commitment to the Vuvale Partnership, which emphasises both countries' shared goal of regional peace, security and prosperity. The prime ministers began preparations for the Pacific Islands Forum leaders' meeting, to be hosted in the Solomon Islands in September, which is expected to enhance co-operation within the region. While Mr Albanese's Pacific visit is expected to play second fiddle to a potential meeting with US President Donald Trump in coming days, regional issues such as security remain a key focus for Australia. The environment and climate change were also discussion points in Fiji as Australia bids to co-host the United Nations' climate conference with Pacific partners in 2026. "Fiji is one of the most important relationships for Australia in the Pacific Islands region," Lowy Institute Pacific Islands program director Mihai Sora told AAP. The nation had been able to delineate its security relationships with traditional partners such as the US, Australia and New Zealand while also protecting and promoting trade and economic ties with China and other parts of Asia, Mr Sora said. Mr Albanese was welcomed by a delegation and local marching band, which made him feel at home with a rendition of Advance Australia Fair, before attending a meeting and dinner with Fijian officials. However, the centrepiece of Mr Albanese's whirlwind trip will be the G7 summit, a gathering of seven of the world's largest advanced economies. Australia is not a member of the G7, but Canadian Prime Minister Mark Carney invited Mr Albanese. He is expected to meet with the US president on the sidelines of the conference, where he could try to carve out a tariff exemption. Australia faces 10 per cent tariffs on goods exported to the US and - like every US trading partner except the UK - has been hit with 50 per cent tariffs on aluminium and steel sent to America. The Australian government has called the trade measures an "act of economic self-harm" and is considering using critical minerals and US beef imports as bargaining chips. Mr Albanese has not yet confirmed whether he will meet Mr Trump, although other bilateral discussions have been organised with the leaders of Canada, the UK, South Korea and Japan. The prime minister is also expected to meet with business leaders in Seattle en route to the G7 to discuss emerging technologies such as artificial intelligence. The prime minister has stressed the importance of "trusted partners" in an uncertain world as major diplomatic talks loom. Sporting a teal and white island shirt, Anthony Albanese met with his Fijian counterpart Sitiveni Rabuka in Nadi on his first stop of a global tour. The meeting was their first since Labor's decisive re-election and Mr Albanese said the timing showed both nations were part of a "Pacific family". "You, my friend, are a trusted partner and friend of Australia," Mr Albanese told Mr Rabuka ahead of bilateral discussions. "We in Australia understand that in today's uncertain world, what we need are partners and friends we can rely on." During the meeting, the leaders reaffirmed their commitment to the Vuvale Partnership, which emphasises both countries' shared goal of regional peace, security and prosperity. The prime ministers began preparations for the Pacific Islands Forum leaders' meeting, to be hosted in the Solomon Islands in September, which is expected to enhance co-operation within the region. While Mr Albanese's Pacific visit is expected to play second fiddle to a potential meeting with US President Donald Trump in coming days, regional issues such as security remain a key focus for Australia. The environment and climate change were also discussion points in Fiji as Australia bids to co-host the United Nations' climate conference with Pacific partners in 2026. "Fiji is one of the most important relationships for Australia in the Pacific Islands region," Lowy Institute Pacific Islands program director Mihai Sora told AAP. The nation had been able to delineate its security relationships with traditional partners such as the US, Australia and New Zealand while also protecting and promoting trade and economic ties with China and other parts of Asia, Mr Sora said. Mr Albanese was welcomed by a delegation and local marching band, which made him feel at home with a rendition of Advance Australia Fair, before attending a meeting and dinner with Fijian officials. However, the centrepiece of Mr Albanese's whirlwind trip will be the G7 summit, a gathering of seven of the world's largest advanced economies. Australia is not a member of the G7, but Canadian Prime Minister Mark Carney invited Mr Albanese. He is expected to meet with the US president on the sidelines of the conference, where he could try to carve out a tariff exemption. Australia faces 10 per cent tariffs on goods exported to the US and - like every US trading partner except the UK - has been hit with 50 per cent tariffs on aluminium and steel sent to America. The Australian government has called the trade measures an "act of economic self-harm" and is considering using critical minerals and US beef imports as bargaining chips. Mr Albanese has not yet confirmed whether he will meet Mr Trump, although other bilateral discussions have been organised with the leaders of Canada, the UK, South Korea and Japan. The prime minister is also expected to meet with business leaders in Seattle en route to the G7 to discuss emerging technologies such as artificial intelligence.
