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Jet Fuel Shortage Deepens Pressure On Global Airlines
Jet Fuel Shortage Deepens Pressure On Global Airlines
Via City AM,
Heathrow’s April passenger numbers fell 5% to 6.7 million, with Middle East traffic down 50%.
Transfer traffic rose 10% as travellers rerouted through Heathrow to Asia and Oceania.
Airlines are facing mounting pressure from jet fuel shortages and higher oil prices.
Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers grounded.
Passenger numbers at Europe’s biggest airport fell by five per cent in April to 6.7m with the blame being attributed to the “ongoing impact of the...
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Jul 7, 2026 / Tyler Durden
DeepSeek Developing In-House AI Chip In Bid To Cut Nvidia Reliance
DeepSeek Developing In-House AI Chip In Bid To Cut Nvidia Reliance
DeepSeek is developing its own artificial intelligence chip, a move that could reduce its reliance on both US-based Nvidia and China-based Huawei.
Leading model developers are increasingly seeking to control more of their compute stacks, particularly for inference, as AI models move from training labs into the mass market.
DeepSeek is the latest company to pursue this strategy by developing a new in-house inference chip, Reuters reports.
If successful, this effort would mark a major shift for the Chinese AI chatbot...
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Jun 26, 2026 / Tyler Durden
Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul
Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul
German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins.
"Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants, and spin off the...
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Aug 14, 2026 / Tyler Durden
Former Cambridge Professor Jason Arday Found Dead at 41
Former Cambridge Professor Jason Arday Found Dead at 41
Jason Arday, the former University of Cambridge professor who recently resigned amid controversy, has been found dead at the age of 41.
Emergency services were called to an address in Battersea, south London, on Friday afternoon, where Arday was discovered unresponsive. The London Ambulance Service arrived shortly after 3:00 p.m., deploying an ambulance crew, an advanced paramedic, and a Hazardous Area Response Team. He was pronounced dead at the scene.
The Metropolitan Police stated that while the death is unexpected, it is not...
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