FAA Moves To Lift 50-Year Ban On Overland Supersonic Flights

Sternlicht's Starwood Real Estate Fund Gates Redemptions Earlier this month, when much of the attention was largely focused on private credit, we warned that one of the old, familiar credit market time-bombs, commercial real estate which for many years had been penned as the "Next Big Short", was deteriorating rapidly: according to the latest TREPP CMBS monthly report, March saw a surge in the CMBS delinquency rate, which jumped by 41bps to 7.55%, the highest in years, led by a surge in the lodging rate, a category which until now was...

US State Department Issues Travel Advisory For Caribbean Tourist Destination Authored by Naveen Athrappully via The Epoch Times, The State Department updated its travel advisory for the Bahamas, highlighting the risk of crime, including sexual assaults, in the Caribbean nation. Violent crimes, such as sexual assaults, armed robberies, and burglaries, can occur anywhere in the country, the department said in a July 28 update. “Most crime occurs in Nassau and Freeport on New Providence and Grand Bahama islands. Stay alert in the ‘Over the Hill’ area in Nassau, south of Shirley Street, where...

Chaos, Black Rain, Evacuations: Tuapse Oil Facility Struck For Third Time This Month Rosneft's sprawling oil refinery in southern port town of Tuapse has been struck by Ukrainian drones once again, unleashing a huge fire and significant destruction, in what marks the third such attack just this month. "Another serious incident has occurred in Tuapse. A large-scale fire broke out at an oil refinery due to an enemy drone attack," Krasnodar region Governor Veniamin Kondratyev wrote on Telegram, amid large-scale evacuations of the civilian population from the area. Tuapse disaster in wake of Ukrainian...