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The largest single-aisle aeroplane contract ever, valued at several billion dollars, was obtained by Airbus.

On the first day of the Paris Air Show on Monday, as the industry’s supply chain issues and the high demand for jets and missiles competed for attention, Airbus announced a record 500-plane agreement with the Indian airline IndiGo.

The multibillion-dollar contract for single-aisle aircraft, which was the highest ever in terms of the quantity of aircraft, surpassed Air India’s earlier this year preliminary purchase of 470 Airbus and Boeing aircraft.

After the 2021 edition was cancelled due to the coronavirus epidemic, the largest air show in the world, which alternates with Farnborough in Britain, is in Le Bourget for the first time in four years.

Airbus’s newest plane, the A321XLR, and air power, notably the French Rafale fighter, were featured in a flying display that the French President Emmanuel Macron saw while travelling by helicopter to the crowded aerospace bazaar.

As airlines attempt to meet demand while also working to achieve industry targets of net zero emissions by 2050, planemakers entered the market with rising demand expectations.

In addition, suppliers are having trouble keeping up with demand due to growing costs, a lack of components, and a lack of competent workers in the wake of the epidemic.

The Ukraine crisis is looming large over the air show, and unlike the previous event four years ago, there is no Russian representation in the chalets or display halls.

Some Ukrainian government representatives and aerospace companies were anticipated at the event.

Despite disagreements amongst industrial partners over whether to expand the project, Belgium announced it will submit an application to participate as an observer in a new fighter-jet project that may serve as the eventual replacement for the Rafale and the international Eurofighter. The project, known as the Future Combat Air System (FCAS), comprises collaboration between France, Germany, and Spain.

According to industry sources cited by Reuters news agency on Sunday, the planemaker is also close to a potentially significant order for narrow-body planes from Mexican low-cost airline Viva Aerobus.

They said that there were more than 100 planes under discussion, however on Monday, some sources claimed that the number in the final agreement may be closer to 60.

Boeing and Airbus have been engaged in a bitter war over the Mexican airline for a long time.

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News Politics Trending

354 members of the House of Commons vote in favour of a report from the COVID epidemic ‘Partygate’ incident that said the former prime minister lied about it.

A study that suggested punishing former British Prime Minister Boris Johnson for misleading the legislature about illegal, intoxicated parties hosted during the COVID-19 outbreak was approved by lawmakers in the country.

The report from the privileges committee, which recommended that the former leader should have his parliamentary pass removed, was approved by the House of Commons on Monday by a vote of 354 to 7. It would have also suggested a 90-day suspension from the legislature if he hadn’t already resigned.

Johnson abruptly left the House of Commons ten days ago after reading a draught of the report and branding the investigation a “witch hunt.”

Theresa May, a member of the Conservative Party and Johnson’s predecessor as prime minister, remarked, “It is important to show the public that there is not one rule for them and another for us.”

House of Commons Leader Penny Mordaunt urged lawmakers to “do what they think is right” as she opened the five-hour discussion. Mordaunt, a Conservative like Johnson, declared she will support the Commons Privileges Committee’s findings with her vote.

“This matters because the integrity of our institutions matter. The respect and trust afforded to them matters,” said Mordaunt. “This has real-world consequences for the accountability of members of Parliament to each other and the members of the public they represent.”

A few Johnson supporters stood forward to support the former leader. “I cannot see the evidence where Boris Johnson misled Parliament knowing, intentionally, or carelessly,” said MP Lia Nici.

Rishi Sunak, the prime minister of India, was among the several Conservative MPs who skipped the discussion. He remained aside out of concern for upsetting Johnson’s surviving fans.

The prime minister had “a number of commitments,” according to Sunak’s spokesperson Max Blain, including a meeting with the president of Sweden.

Johnson, who celebrated his 59th birthday on Monday, wasn’t either. He left his position as prime minister in September 2022, although he continued to serve as a member of parliament until June 9, when he resigned after learning of the Privileges Committee’s conclusions.

The debate on Monday was the most recent repercussion of the “Partygate” affair concerning events at Downing Street and other government facilities in 2020 and 2021.

When it was revealed that political staffers had birthday parties, garden parties, and “wine time Fridays” during the pandemic, it infuriated Britons who had abided by the regulations put in place to stop the coronavirus’s spread but were unable to visit friends and family or even say goodbye to relatives who were dying in hospitals.

In response to Partygate, Labour Party MP Chris Bryant claimed that “there is visceral anger” among people.

The Sunday Mirror newspaper’s publishing of a video this week of staff members dancing and drinking at a Conservative Party headquarters event in December 2020, when mingling between different families was prohibited indoors, brought back memories.

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News Trending

A procession of Armenian priests, distinguished by their peaked black headdresses and long robes, marches through the stone streets of Jerusalem’s Old City. Accompanied by suited individuals in felt tarboosh hats, carrying ceremonial walking sticks, they make their way to the Church of the Holy Sepulchre for prayers.

While Jerusalem remains a focal point of the Israeli-Palestinian conflict, the presence of Armenians in the city dates back to the 4th century when Armenia became the first nation to adopt Christianity as its official religion. The Armenian community has a significant stake in the city’s most sacred Christian sites and resides in their own quarter, situated in the southwestern corner of the Old City, where approximately 2,000 Armenians reside.

However, the community now finds itself feeling vulnerable due to a controversial real estate transaction involving their own Church leaders. Amidst vehement protests, the Armenian patriarch has gone into hiding, and a disgraced priest, who denies any wrongdoing, has fled to California.

The unfolding situation reveals that approximately 25% of the Armenian Quarter has been sold on a 99-year lease to an enigmatic Jewish Australian businessman for a luxury development. This includes a substantial car parking area, one of the few remaining open spaces within the Old City walls, which has already been taken over by his company. Many Armenians had hoped this land could be used for the construction of affordable housing for young couples within their dwindling community.

Unofficially obtained plans indicate that the sale encompasses an Ottoman-era building housing five Armenian households, a restaurant, shops, and the seminary. Concerns have been raised that this could jeopardize the long-term viability of living within the quarter.

However, the controversy extends beyond the immediate community. The ramifications are seen as far-reaching, as losing this historically significant land, owned for 700 years, would not only impact the daily cultural life of the Armenians but also alter the overall fabric of Jerusalem. Hagop, a community activist, explains that it would disrupt the status quo and the intricate mosaic that defines the city.

During Orthodox Easter celebrations in April, panic gripped the Armenian community as news of the land sale spread. The Armenian Patriarch, Nourhan Manougian, admitted to signing away the land but claimed he had been deceived by a local priest in his employ.

The defrocked priest faced heated scenes as he was expelled from the Armenian Quarter, escorted away under Israeli police protection while residents labeled him a “traitor.” In recent times, Armenians have been participating in weekly protests, joining arms and singing patriotic songs beneath the window of the patriarch, who now remains secluded within his convent. They demand the revocation of the land deal.

Against the backdrop of increasing attacks on Christians in Jerusalem by extremist Jewish groups, some Armenians view this sale as self-inflicted harm to the Christian presence in the city. Arda, an Old City resident, laments the changing character of the city and asserts that religious nationalists are growing bolder due to the prevailing political climate in Israel.

East Jerusalem, including the Old City, was captured by Israel from Jordan in the 1967 Middle East War and subsequently occupied and annexed, despite lacking international recognition. Since then, it has remained at the center of the Israeli-Palestinian conflict, with both sides claiming it as their capital. Consequently, plots of land in this area are fiercely contested.

Near the Armenian Quarter, at Jaffa Gate, a notable entry point to the Christian Quarter, a reminder of these disputes persists. Two landmark hotels, managed by Palestinians, were covertly sold to foreign companies acting as proxies for a radical Jewish settler group. The Greek Orthodox Church’s lengthy legal battle to annul the deal was unsuccessful, and settlers moved into a portion of one of the hotels last year.

Armenian elders recount that settlers have frequently expressed interest in acquiring land within their quarter to bolster the Jewish presence in East Jerusalem. The proximity of the Armenian Quarter to the Jewish one makes it particularly desirable.

However, a spokesperson for the settler group involved in the Jaffa Gate property purchase claimed ignorance of the Armenian land sale when approached by the BBC.

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News Trending

Austrian police have prevented an attack on Vienna’s annual Pride parade by apprehending three suspects believed to have ties to Islamic extremism. The individuals, aged 14, 17, and 20, are Austrian citizens of Bosnian and Chechen descent. According to Omar Haijawi-Pirchner from Austria’s State Protection and Intelligence Directorate (DSN), the suspects had become radicalized online and held sympathies for ISIS.

Haijawi-Pirchner emphasized that hate and terrorism have no place in a democratic society. Gerhard Pürstl, the state police president, highlighted that both Islamic and right-wing extremists pose a significant threat to the LGBTQ community. He referenced previous violent incidents during similar events worldwide and in Europe.

The DSN had prior knowledge of the suspects’ alleged plans and closely monitored them. The arrests were made before the parade by Austria’s Cobra special forces. The Interior Ministry’s statement assured the public that attendees were never in danger. Authorities conducted searches in Vienna and lower Austria, resulting in the confiscation of prohibited weapons.

The Rainbow Parade is a prominent part of Vienna Pride, Austria’s largest LGBTQ event, held annually from June 1 to 18. This year, the parade drew approximately 300,000 participants.

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News Trending

According to public broadcaster SRF, voters in Switzerland on Sunday approved the implementation of a global minimum tax on corporations as well as a climate law that seeks to reduce the use of fossil fuels and achieve zero emissions by 2050.

According to the results of the nationwide referendum held on Sunday, an exceptionally high percentage of voters supported increasing the nation’s corporate tax from the existing average minimum of 11% to the 15% worldwide minimum rate.

Finance Minister Karin Keller-Sutter stated that doing this “ensures that Switzerland will not lose any tax revenue to foreign countries.” Additionally, it will establish legal clarity and a solid structure.

Similarly, the climate bill was adopted and supported by 59% of voters.

In an effort to curtail the practise of transferring earnings to low-tax jurisdictions, Switzerland joined the almost 140 other nations that agreed to an OECD agreement in 2021 that set a minimum tax rate for large corporations.

The plan, which is expected to generate an additional 2.5 billion Swiss francs ($2.80 billion) in income year and maintain Switzerland’s position as having one of the lowest corporation tax rates in the world, has the support of business organisations, the majority of political parties, and the general public.

The climate law, which was reintroduced in a modified version after it was rejected in 2021 as being too expensive, has sparked additional discussion, with those opposed to it gaining ground recently.

While opponents from the right-wing People’s Party claim it would risk energy security, proponents contend that the measure is the very minimum the affluent nation needs to do to demonstrate its commitment to battling climate change.

In the referendum held on Sunday, voters also agreed to prolong a few COVID-19 emergency law measures. This was necessary under Switzerland’s direct democracy system, in which legislation is decided by popular vote.

Around 2,000 international firms, including Google (GOOGL.O) and 200 Swiss multinationals, like Nestle (NESN.S), have offices and headquarters in Switzerland. Even though everyone would be impacted, business organisations have praised the increased certainty the new tax would offer, even if Switzerland would no longer be as attractive due to its low tax rate.

“No other nation will have less expensive taxes either. Christian Frey from the lobbying organisation Economiesuisse stated, “We want the extra tax income to stay in the nation and be utilised to boost its attractiveness for enterprises.

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News Trending

The conclusion of negotiations for a new chip manufacturing facility on German territory will take place at 12:45 GMT on Monday, according to the German government.

Berlin’s signing will be attended by Intel CEO Pat Gelsinger and Chancellor Olaf Scholz, according to a statement from the chancellery.

The amount of public support the corporation is expected to get for the project in the city of Magdeburg in central Germany has not yet been verified by the German government.

The U.S. corporation would receive 9.9 billion euros ($10.84 billion), up from a previously guaranteed figure of 6.8 billion euros, the Handelsblatt business newspaper said last week.

The Scholz administration is putting billions of dollars into incentives to entice IT firms to Germany. This occurs at a time when concern over the brittleness of the supply chain and the dependency on South Korea and Taiwan for chips is rising.

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Natural Disaster News Trending

Massive flooding brought on by a dam break has polluted the water supply, making swimming and eating shellfish prohibited.

Offers by the UN to assist those in Russian-occupied territories impacted by floods from the collapsed Nova Kakhovka Dam have been refused by Moscow.

On June 6, the dam collapsed, sending a flood of water from the Dnipro River on towns throughout southern Ukraine, including areas of the Kherson region that are under Russian occupation.

The floods drove thousands of people to evacuate, devastated houses and agriculture, poisoned drinking water sources, and raised concerns about an impending environmental catastrophe.

The UN called on Russia to follow its commitments under international humanitarian law.

“The UN will continue to do all it can to reach all people – including those suffering as a result of the recent dam destruction – who urgently need life-saving assistance, no matter where they are,” UN humanitarian coordinator for Ukraine Denise Brown said in a statement on Sunday.

“People in need cannot be denied aid.”

The number of fatalities from the tragedy has increased to 52; according to Russian officials, 35 people died in regions under their control, and the interior ministry of Ukraine, 17 people died and 31 were missing. On both sides, more than 11,000 people have been evacuated.

Having been under Russian control since the beginning of its full-scale invasion in 2022, Ukraine accuses Russia of blowing up the Soviet-era dam.

According to a group of foreign legal experts supporting Ukrainian prosecutors in their investigation, it is “highly likely” that Russian explosives were used to cause the dam to collapse.

Using drone footage and data from local military and political sources, the Associated Press stated that Russia has “the means, motive, and opportunity” to demolish the dam.

Russia has blamed Ukraine for the dam rupture, but the different Russian claims, such as that it was hit by a missile, are insufficient to explain a boom that was so powerful that it was detected by seismic detectors in the area.

When the explosion occurred, Ukraine was getting ready to begin its counteroffensive, and the Dnipro River served as the front line.

As the rising floods quickly engulfed their positions, Bugskiy Gard commander Illia Zelinskyi said, “It’s a regular practise to mine (places) before a retreat.” In this situation, their activities complicated for us a passage of the Dnieper (Dnipro) and disrupted parts of our supply networks.

The explosion appeared to originate from the region where the dam’s machine room was located, Zelinskyi told the news agency. He said that Russian soldiers had been present for some time, as did a senior American official who was acquainted with the intelligence. To discuss sensitive information, the US official spoke on the condition of anonymity.

Photos obtained by the AP from Ukrainian drone footage also showed scores of Russian soldiers tented on a Dnipro bank, seeming at ease as they made their way back and forth to the dam without any protection.

In another image from May 28, a vehicle was parked on the dam with its roof torn open to reveal large barrels, one of which had what seemed to be a land mine attached to the lid and a cable leading to the Russian-controlled side of the river.

While the vehicle bomb alone would not have been sufficient to damage the dam, any explosion coming from the machine room would have been magnified, a Ukrainian special forces communications official told the news agency.

Popular Black Sea bathing beaches in Odesa were already forced to close due to the release of the now-contaminated water, and the consumption of fish and shellfish from unconfirmed sources was outlawed.

The water at Odesa’s beaches has significantly deteriorated, and the city’s government has deemed them unsafe for swimming because of the potential health risks.

Salmonella and other “infectious agents” were detected in water samples last week at dangerously high levels, according to Ukrainian officials. There was also cholera surveillance in place.

On the seabed and in marine animals, harmful chemical concentrations are predicted to rise. Land mines washing up along the shoreline is another worry.

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News Trending

According to authorities, three suspected Islamists were detained in Austria for allegedly plotting to assault the annual LGBTQ+ Pride march.

More than 300,000 people attended the march on Saturday in Vienna, the country’s capital.

Young males between the ages of 14 and 20 were among those detained on Saturday in their homes, according to Austrian security authorities.

Although they provided no further information, they did mention that air rifles, knives, and an axe had been seized.

At a press conference on Sunday, Omar Haijawi-Pirchner, the head of Austria’s internal intelligence, announced the arrests.

He said that in order to prevent attendees from feeling concerned, authorities had withheld information about the intended assault until after the procession.

The ultimate aim of terrorism is to instill dread and apprehension among the populace. It’s also our responsibility to prevent that.

The guys, according to Mr. Haijawi-Pirchner, were Austrian citizens with ties to Bosnia and Chechnya. One of the men was previously known to the police owing to prior allegations of terrorism.

He continued that the so-called Islamic State (IS) has been inciting additional assaults, and Austrian officials were aware of this.

He stated that there have been appeals to carry out attacks in Europe once more, and Europol, the European police group, has recently produced a report to that effect. We treat this matter seriously.

In November 2020, a shooter opened fire in a well-known nightlife district of Vienna, killing four people and injuring 23 others in the country’s latest IS incident.

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News Trending

Italy has taken action to prevent a state-owned Chinese corporation from taking over Pirelli, the world’s largest tyre manufacturer.

The choice is a component of the actions the Italian government has announced to safeguard Pirelli’s independence.

Sinochem, a Beijing-controlled chemical juggernaut that has a 37% stake in the 151-year-old Milan-based company Pirelli, is the largest shareholder.

As the US secretary of state visits China, tensions between Beijing and the West are in the spotlight.

Pirelli announced to investors on Sunday that the Italian government had decided that only Camfin, a business owned by Pirelli’s CEO Marco Tronchetti Provera, may propose candidates for the position of chief executive.

Additionally, Pirelli stated that any modifications to the corporation’s corporate governance will be subject to governmental review.

It followed Sinochem’s March announcement that it would be renewing and updating an existing shareholder agreement.

The government of Italian Prime Minister Giorgia Meloni investigated the arrangement in accordance with the “Golden Power Procedure” regulations, which are intended to safeguard companies that are thought to be strategically significant to the country.

Pirelli was sold to a consortium of investors in 2015 for €7.1 billion (£6.1 billion; $7.8 billion), including ChemChina and Camfin. ChemChina merged with state-owned Sinochem six years later. A further 9% of Pirelli is owned by the Silk Road Investment Fund of the Chinese government.

On his penultimate day of a rare trip to China by a senior Washington official, US Secretary of State Antony Blinken is in Beijing.

The timing of Mr. Blinken’s visit coincides with a recent deterioration in ties between China and several Western countries over topics including trade, Taiwan, and security.

Before his arrival, authorities believed there was little hope of a resolution to the numerous disagreements between the two largest economies in the world, including Washington’s efforts to impede China’s computer chip industry’s growth.

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News Trending

Switzerland’s referendum results show support for a new climate bill aimed at reducing fossil fuel usage and achieving net-zero carbon emissions by 2050.

The government emphasizes the need to protect energy security and the environment as Swiss Alps glaciers rapidly melt. The legislation necessitates a transition from imported oil and gas to renewable energy sources. In the referendum held on Sunday, 59.1% of voters approved the green energy proposals. Critics argued that the measures would lead to increased energy prices. Almost all major Swiss parties, except the right-wing Swiss People’s Party (SVP), endorsed the bill.

The SVP triggered the referendum after opposing the government’s suggestions. Currently, Switzerland imports approximately three-quarters of its energy, relying entirely on foreign oil and natural gas. The climate bill commits to providing 2 billion Swiss francs ($2.2 billion; £1.7 billion) in financial support over a decade to encourage the adoption of climate-friendly alternatives to gas or oil heating systems, as well as 1.2 billion Swiss francs to promote green innovation in businesses.

This decision comes as Alpine glaciers face significant threats from rising temperatures caused by climate change, having lost a third of their ice volume between 2001 and 2022. Noted Swiss glaciologist Matthias Huss, who has closely monitored the glaciers’ retreat, expressed his satisfaction on Twitter, describing the referendum outcome as a “strong signal” that climate science arguments were heard. Socialist Party parliamentarian Valerie Piller Carrard hailed it as an “important step for future generations.”

Additionally, voters overwhelmingly supported the implementation of a global minimum tax rate of 15% for multinational corporations in a separate referendum, with 78.5% in favor. Switzerland joined over 140 countries in 2021 by signing an agreement within the Organisation for Economic Co-operation and Development (OECD) to establish a minimum tax rate for large companies.

Finance Minister Karin Keller-Sutter commended the “very strong acceptance rate” for the constitutional amendment enabling Switzerland’s participation in the agreement. The voter turnout for the referendums stood at approximately 42%.

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