Latest news with #TiksaNegeri
Economic Times
12-08-2025
- Climate
- Economic Times
Over three dozen flights cancelled and nearly 300 delayed as Canada grapples with massive travel chaos, hitting multiple airlines due to bad weather
The adverse weather conditions across Canada led to flight cancellations and delays as airlines tackled meteorological conditions that made flying unsafe or impossible. REUTERS/Tiksa Negeri//File Photo Synopsis Canada faced significant air travel disruptions due to severe weather. Numerous flights were cancelled and delayed across major airports. Toronto Pearson experienced the most delays. Air Canada was heavily impacted. Vancouver saw the highest number of cancellations. WestJet Encore faced considerable setbacks. Montreal also suffered disruptions. The adverse weather created logistical challenges for airlines and stranded many travellers. Severe weather conditions across Canada caused widespread travel chaos, impacting its busiest airports and leaving flight services in turmoil. The adverse weather conditions led to flight cancellations and delays as airlines tackled meteorological conditions that made flying unsafe or impossible. ADVERTISEMENT As many as 38 flights were cancelled, and 298 were delayed, according to the Travel and Tour World (TTW) website. The flight disruptions turned out to be a big blow to major Canadian carriers, with Air Canada, Porter, WestJet, and several other domestic and international airlines forced to change their schedules. Bad weather conditions became even worse after intense thunderstorms, heavy rain, and low visibility created a logistical nightmare and left countless travelers stranded, TTW reported. The weather, ranging from intense thunderstorms and low visibility in the east to turbulent systems on the Pacific coast, forced air traffic control to slow the pace of takeoffs and landings. The flight disruptions caused by bad weather conditions were most severe at Toronto Pearson, which saw 131 delays and 9 cancellations. According to TTW, Air Canada was hit hardest, witnessing 65 delays, followed by American Airlines with a 54% delay rate, and carriers like China Eastern and Ethiopian Airlines saw 50-100% of their services far as the West Coast is concerned, Vancouver saw the highest cancellations, with 14 flights grounded and 69 delayed. WestJet Encore was severely impacted with 7 cancellations (a 14% rate). International airlines like XiamenAir and Philippine Airlines saw a 100% delay rate. As the poor weather took its toll across Canada, Montréal Trudeau International Airport was also not spared. facing 63 delays and 8 cancellations. The impact of cancellations and delays was worst on Air Canada, which saw 21 delays; Jazz (17 delays); and Porter Airlines, which saw 7% of its flights canceled, TTW reported. ADVERTISEMENT The chaos extended to Toronto's City Centre airport, where Porter experienced an 18% delay in its schedule. Meanwhile, Edmonton saw 17 delays and 3 cancellations across various airlines, including Jazz and WestJet Encore. Toronto Pearson International (YYZ): Ground Zero for Delays ADVERTISEMENT Toronto Pearson, Canada's busiest airport, reported 131 flight delays and 9 Canada's hub operations were badly hit, with 65 delayed flights (18% of its schedule) and 5 cancellations. WestJet also witnessed major slowdowns, with 13 flights delayed. ADVERTISEMENT As far as regional carriers are concerned, Jazz and Air Canada Rouge contributed a combined 26 delays and 4 cancellations to the airport's International (YVR): Most cancellations across the country. Vancouver International Airport led the country with 14 total cancellations while also grappling with 69 delays. WestJet Encore was hit particularly hard, canceling 7 flights, which accounted for 14% of its daily operations at the hub. ADVERTISEMENT Air Canada saw 5 of its flights canceled and another 26 delayed by the Pacific weather travel was also affected, with carriers like XiamenAir and Philippine Airlines seeing 100% of their scheduled flights delayed. In Montreal, severe weather in the St. Lawrence Valley region led to 63 delays and 8 cancellations, disrupting travel throughout Eastern Canada. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
Reuters
25-04-2025
- Business
- Reuters
Ethio Telecoms sells just 10.7% of shares in IPO
Item 1 of 4 Ethio-Telecom Chief Executive Officer, Frehiwot Tamiru, addresses the media during the six months share sale amount announcement in Addis Ababa, Ethiopia, April 25, 2025. REUTERS/Tiksa Negeri [1/4] Ethio-Telecom Chief Executive Officer, Frehiwot Tamiru, addresses the media during the six months share sale amount announcement in Addis Ababa, Ethiopia, April 25, 2025. REUTERS/Tiksa Negeri Purchase Licensing Rights, opens new tab ADDIS ABABA, April 25 (Reuters) - Ethiopia's state-owned Ethio Telecom sold only 10.7% of the shares in its initial public offering in which the government sought to trim its equity in the firm. The IPO is part of the government of Prime Minister Abiy Ahmed's broader plan to expand private investment in the Horn of Africa economy. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. During the IPO, which commenced on October 16 and closed on February 14, Ethio Telecom sold 10.7 million shares out of 100 million on offer, Chief Executive Officer Frehiwot Tamiru said at a press conference in the capital Addis Ababa. The sale generated 3.2 billion Ethiopian Birr ($24.50 million) from 47,377 investors who took part in the IPO. Frehiwot said the relatively low uptake was partly because the company restricted the sale to only Ethiopian citizens. Ethiopians who had acquired foreign citizenship were not allowed to participate. "It is because of those restrictions we put on," Frehiwot said, explaining the low uptake. She added some investors were also put off by the 1 million Birr limit of shares that any individual investor could buy. ($1 = 130.6305 birr) Writing by Elias Biryabarema. Editing by Ayen Deng Bior and Mark Potter Our Standards: The Thomson Reuters Trust Principles., opens new tab
Egypt Today
15-02-2025
- Politics
- Egypt Today
38th Ordinary Summit of Heads of State, Government of AU kicks off in Addis Ababa
File- Member states of the African Union in session at the union's headquarters in Addis Ababa, Ethiopia. Tiksa Negeri/Reuters CAIRO – 15 February 2025: The 38th Ordinary Summit of Heads of State and Government of the African Union (AU) kicked off in the Ethiopian capital Addis Ababa on Saturday. Meetings of the 38th Ordinary Session of the Assembly of the AU will last for two days with the participation of a large number of African heads of state and government. The meeting will commence with the AU anthem followed by opening statements from various leaders. The Assembly will take place under the AU theme for 2025, 'Justice for African and People of African Descent Through Reparations'. In this context, it is expected that the Summit will review and assess what has been achieved in Africa's efforts towards the attainment of long overdue justice and reparations and decades of colonialism and apartheid, slavery and the trans-Atlantic slave trade. One of the highly anticipated responsibilities of the forthcoming Assembly will be to elect and appoint the AU Chairperson and Deputy Chairperson. The Assembly takes place against a backdrop of a myriad of challenges, including threats to democratic governance, peace and security, through unconstitutional changes of government and post-election violence. The Assembly will elect new Members of the AU Peace and Security Council (AUPSC) to replace the current members, whose three-year terms are set to expire.
