The Indian government, led by Finance Minister Nirmala Sitharaman, recently announced a decrease in its planned gross market borrowing for the financial year ending in March 2025. The decision to lower the borrowing by 120 billion rupees comes as a surprise to many, as it was previously announced at 14.13 trillion rupees during the interim
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It has been widely reported that the U.S. Air Force’s ambitious Next Generation Air Dominance (NGAD) program, aimed at developing a revolutionary sixth-generation fighter jet to replace the F-22 Raptor, is facing challenges. The initial vision was to create a cutting-edge “family of systems” powered by advanced technology, including stealth capabilities, laser weapons, and artificial
London stocks experienced a rebound on Monday, with the FTSE 100 index up by 0.5% and the FTSE 250 index up by 0.3% as investors reacted to corporate updates and political news. This shift in sentiment comes after a period of declines, indicating a potential shift in market dynamics. One of the notable movers in
The aviation industry is currently facing significant challenges in terms of supply chain disruptions, aircraft delays, and the struggle to reduce carbon emissions. The recent Farnborough Airshow, which typically sees a flurry of orders for passenger jets from industry giants like Boeing and Airbus, did not meet the usual expectations due to various issues plaguing
Eve, a subsidiary of Embraer, recently unveiled the full-scale prototype of its electric vertical take-off and landing (eVTOL) aircraft, marking a significant step towards its goal of obtaining certification and launching commercial operations by 2026. The eVTOL technology is designed to revolutionize urban transport by providing travelers with a fast and efficient alternative to beat
The recent incident involving CrowdStrike’s cybersecurity software update that led to global computer system crashes highlights the importance of adequate quality checks and vetting processes in such updates. Security experts pointed out that the routine update of the Falcon sensor software did not undergo thorough quality assurance before deployment, resulting in widespread disruptions for companies
The U.S. Secretary of the Air Force, Frank Kendall, recently announced that plans for the Next Generation Air Dominance (NGAD) platform will undergo close scrutiny before any decisions are made. The cost of developing a future family of fighters and drones has raised concerns, with the projected cost of the F-22 replacement exceeding $300 million
Southwest Airlines (NYSE:LUV) is currently under investigation by the Federal Aviation Administration (FAA) for a series of safety incidents, with the most recent one occurring on July 14. During this incident, a Southwest Boeing (NYSE:BA) 737 MAX flight departing from Columbus, Ohio, flew at a very low altitude over Tampa Bay, Florida. The flight was
A recent global tech outage has been attributed to a software update by cybersecurity firm CrowdStrike, affecting nearly 8.5 million Microsoft devices. The issue was highlighted in a blog post by Microsoft, stating that the update caused disruptions to a significant number of Windows machines. The incident shed light on the potential risks associated with
The United States Air Force recently announced that it had reached a provisional deal with Boeing for the supply of E-7 Wedgetail airborne warning and control aircraft. This agreement came amidst concerns about Boeing’s internal crisis impacting its ability to deliver on contracts for the Pentagon. The deal includes the production of prototypes to replace