Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more
Driven by land speed legend and retired Royal Air Force pilot Andy Green, a hydrogen-powered streamliner has set a new speed record of 653.87km/h at Utah’s Bonneville Salt Flats, according to JCB. The achievement eclipses the previous hydrogen internal-combustion benchmark of 298.5km/h set by BMW’s H2R in 2004, as reported by Forbes, though the result … Read more
Shipping traffic through the Strait of Hormuz dropped to six vessels on August 11, falling significantly below the 10-day average of approximately 11 ships, according to Kpler data. Strait of Hormuz Traffic Trends The current volume of maritime traffic represents a sharp reduction from pre-war levels, when 130 to 140 ships typically transited the waterway … Read more
According to the NZ Herald Travel Readers’ Choice Awards 2026, presented by Southern Cross Travel Insurance, Queenstown has been voted New Zealand’s top travel destination, beating out competitors like Christchurch, Wānaka, Taupō, and Rotorua by a wide margin. Thousands of readers responded to the annual poll, revealing their favourite domestic and international spots, road trips, … Read more
At least six people were feared dead in Kotamobagu, North Sulawesi, on Sunday after a car participating in a drag racing event veered off the track and crashed into spectators, according to preliminary accounts from local residents. The high-speed collision occurred near the finish-line area when a competing vehicle lost control. Impact on Spectators and … Read more
According to FLORIDA TODAY space reporters Rick Neale and Brooke Edwards, a SpaceX Falcon 9 rocket is scheduled to launch 29 Starlink broadband satellites into low-Earth orbit from Launch Complex 40 at Cape Canaveral Space Force Station in Florida. The launch window opens on Monday, Aug. 10, running from 10:49 a.m. to 2:49 p.m. ET, … Read more
The Philippine Reclamation Authority has initiated forfeiture proceedings to transfer several hectares of illegally reclaimed land on the Taguig side of Laguna Lake to the national government. Senator Panfilo “Ping” Lacson disclosed the development on Sunday, August 9, following confirmation from the authority that the Taguig City government failed to secure mandatory permits for the … Read more
According to Diana Paez, Consul General of Colombia in Rio de Janeiro, three members of a family group traveling to celebrate a girl’s 15th birthday died in a helicopter crash in Brazil. The aircraft went down near Vista Chinesa, a high-altitude vantage point and replica of a Chinese pagoda in the heart of a Rio … Read more
Shipping traffic through the Strait of Hormuz has plummeted to 33 vessels between Monday and Thursday, down from 50 in the previous week, according to Kpler data published by Reuters. Markets are closely monitoring ongoing talks between Iran and Oman to gauge any potential progress in reopening the critical global energy waterway following regional conflicts. … Read more
According to shipping data from Kpler, transit volumes at these critical maritime chokepoints fell significantly compared to the previous day, following reports of missile attacks on tankers in the region. Strait of Hormuz Traffic Nears Standstill Transit through the Strait of Hormuz, a vital artery for global energy supplies, slowed to just two vessels on … Read more