Latest news with #KenaBetancur
GMA Network
26-05-2025
- Health
- GMA Network
Palestinians to raise flag at WHO for the first time after vote
Lebanon's delegate Rana el Khoury said the vote's outcome provided "a small ray of hope for the brave Palestinian people whose suffering has reached unbearable levels." Kena Betancur/ AFP/ File photo GENEVA — The Palestinian delegation won the right to fly their flag at the World Health Organization after a symbolic victory in a vote on Monday that its envoy hopes will lead to greater recognition within the United Nations and beyond. The proposal, brought by China, Pakistan, Saudi Arabia and others, at the global agency's annual assembly in Geneva passed with 95 in favor and four against—Israel, Hungary, Czech Republic and Germany—and 27 abstentions. It follows a successful Palestinian bid for membership of the UN General Assembly last year and comes amid signs that France could recognize a Palestinian state. In apparent reference to the devastating Israel-Hamas war in Gaza, Lebanon's delegate Rana el Khoury said the vote's outcome provided "a small ray of hope for the brave Palestinian people whose suffering has reached unbearable levels." Israel argued against the WHO resolution and called for a vote. Its main ally, the United States, which plans to exit the WHO, did not participate. Even though almost 150 countries have recognized a Palestinian state, most major Western and other powers have not, including the United States, Britain, France, Germany and Japan. France and Japan voted in favor of the proposal while Britain abstained. "It is symbolic and one act but a sign that we are part of an international community to help on health needs," the Palestinian ambassador to the United Nations in Geneva, Ibrahim Khraishi, told Reuters. "I hope we will soon have full membership of the WHO and all UN forums." Palestinians seek statehood in territories Israel captured in the 1967 Middle East war. They have official observer state status at the WHO, which is currently undergoing a transformation as it looks ahead to life without its biggest donor the United States. Last week, the Palestinians won the right to receive notifications under the WHO's International Health Regulations, a set of global rules for monitoring outbreaks. — Reuters
Business Mayor
11-05-2025
- Business
- Business Mayor
FAA weighs reducing Newark flights after hundreds of disruptions
The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty Images U.S. airlines will meet with the Federal Aviation Administration this week to discuss cutting flights at Newark Liberty International Airport after a series of equipment failures and air traffic controller shortages sparked hundreds of flight disruptions and drew more support to modernize aging U.S. aviation infrastructure. 'What you see in Newark is going to happen in other places across the country,' Transportation Secretary Sean Duffy said on NBC's 'Meet the Press' Sunday. 'It has to be fixed.' Air traffic controllers tasked with guiding planes in and out of the New Jersey airport late last month lost the ability to see and talk to planes for about 90 seconds. Disruptions lasted for days and topped 1,000 delays after several air traffic controllers took trauma leave because of the stress of the incident, the FAA said. A similar equipment outage occurred before dawn on Friday. On Sunday, the FAA said there was a 'telecommunications issue' at the same facility, forcing it to slow traffic in and out of Newark 'while we ensured redundancies were working as designed.' Runway construction at Newark has added to delays, vexing executives as the busy summer travel season approaches. The outages have reignited concerns about the aging U.S. air traffic control infrastructure and persistent shortages of air traffic controllers. On Thursday, Duffy, accompanied by the CEOs of the largest U.S. airlines, unveiled an sweeping plan to modernize equipment and build new facilities. He didn't offer a price tag, but industry officials say $31 billion is needed from Congress for upgrades and more hiring. Airlines have repeatedly pulled back flights at busy airports in and around New York City in recent years because of staffing shortfalls. United Airlines CEO Scott Kirby has been especially vocal about the need for flight cuts. The carrier operated more than 67% of the capacity at Newark, according to 2024 airport data. It said earlier this month said it would voluntarily cut 35 flights, about 10% of its daily Newark schedule, to ease strain on its operation. 'In ideal weather, with full staffing and with perfectly functioning technology, the FAA tells us that the airport can only handle 77 flights per hour,' Kirby said in a note to employees last week. 'And yet, the FAA regularly approves schedules of 80+ flights per hour almost every day between 3:00pm and 8:00 p.m.' 'This math doesn't work,' Kirby added in the note. 'Especially when there is weather, staffing issues or technology breakdowns — the airspace, taxiways, and runways get backed up and gridlock occurs.' The meeting about schedule reductions with airlines and the FAA is set for Wednesday at 9 a.m., the FAA said late Friday. READ SOURCE
Forbes
14-04-2025
- Business
- Forbes
What To Expect From Bank of America's Earnings?
Exterior View from Bank Of America branch on January 14, 2025 in New York City, New York. The Bank ... More Of America is scheduled to release earnings figures on January 16.(Photo by Kena Betancur/VIEWpress) Bank of America is expected to report its earnings on April 15, 2025. Consensus estimates point to about $26.9 billion in revenues, up 4% compared to last year, while earnings are estimated at about $0.82 per share. Earnings could be driven by slightly higher net interest income, although the performance of other segments could be more mixed. Over Q4, the bank saw its investment banking business perform strongly, but this could be more subdued in Q1, as rising economic uncertainty and trade tensions likely caused companies to reassess their appetite for dealmaking. The company currently holds a market capitalization of $277 billion. Revenue over the last twelve months was $102 billion, and net income stood at approximately $27 billion. Investors will be closely monitoring what the bank says about the economic outlook. U.S. markets have been volatile over the past week following President Donald Trump's announcement of sweeping tariffs impacting over 100 countries, which he paused on Thursday. Despite the pause, the escalating trade war with China continues to pose challenges. This has raised concerns about a potential resurgence in inflation and a possible economic downturn. Such conditions could significantly affect the broader banking sector. Banks may need to allocate additional reserves to cover potential loan losses, which could weigh on profitability, while also reducing lending activity due to heightened economic risk. Bank of America's stock has fallen roughly 19% year-to-date. If you're looking for upside potential with lower volatility than individual stocks, the Trefis High-Quality portfolio offers an alternative — having outperformed the S&P 500 with returns exceeding 91% since inception. See earnings reaction history of all stocks Some observations on one-day (1D) post-earnings returns: Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below. BAC observed 1D, 5D, and 21D returns post earnings A relatively less risky strategy (though less effective if the correlation is low) is to evaluate the correlation between short-term and medium-term returns post earnings, identify the strongest pair, and trade accordingly. For instance, if 1D and 5D show the strongest correlation, a trader could take a 'long' position for the following 5 days if the 1D return is positive. Here's some correlation data based on a 5-year and more recent 3-year history. Note that 1D_5D represents the correlation between 1D post-earnings returns and subsequent 5D returns. BAC Correlation Between 1D, 5D, and 21D Historical Returns Learn more about the Trefis RV strategy that has outperformed its all-cap stock benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000), delivering solid returns for investors. Alternatively, if you seek gains with a smoother ride than investing in a single stock like Bank of America, consider the High Quality portfolio, which has exceeded the S&P's performance and delivered over 91% returns since inception. Invest with Trefis Market Beating Portfolios | Rules-Based Wealth
