(Reuters) – The five people aboard a submersible visiting the wreck of the Titanic died after a catastrophic loss of the pressure chamber, U.S. Coast Guard officials said on Thursday. A “debris field” matching the submersible was discovered by a robotic deep-sea vessel. Here is a timeline of events since the start of the trip,…
MADRID (Reuters) – The co-founder of OceanGate Expeditions, which owned the submersible that imploded during a dive to the Titanic wreck, defended on Friday the chief executive’s commitment to safety and risk management after he died with four others on the craft. Guillermo Söhnlein, who co-founded OceanGate with Stockton Rush in 2009, left the company…
(Reuters) -Hong Kong’s Cathay Pacific Airways on Friday forecast its first half-year profit in three years, buoyed by a strong rebound in travel demand and one-off gain from a stake sale in Air China. The city’s flagship carrier had posted record losses for the last three years as it parked much of its fleet during…
(Reuters) – New vehicle sales in the United States are seen to rise in June, according to a joint forecast from J.D. Power and GlobalData, as automakers are able to push more stock to dealers to meet the growing demand for personal mobility and new models. Total new-vehicle sales, including retail and non-retail transactions, in…
By Jack Queen (Reuters) -Liability waivers signed by passengers on a submersible lost at sea during a dive to the Titanic wreck may not shield the vessel’s owner from potential lawsuits by the victims’ families, legal experts said. The Titan submersible vanished on Sunday roughly two hours into its dive and was found in pieces…
(Reuters) – Russia will not inform the U.S. about the number of nuclear warheads it is stationing in Belarus or tests of its nuclear-capable Poseidon torpedo, the Interfax news agency quoted Deputy Foreign Minister Sergei Ryabkov as saying on Friday. Moscow and Minsk say Belarus has already begun receiving the Russian tactical, or short-range, nuclear…
ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank’s large rate hike failed to assure markets that President Tayyip Erdogan was abandoning his long-held unorthodox policies. The lira touched a record low of 25.74 against the dollar at 1006 GMT, down…
By Joseph Ax and Steve Gorman (Reuters) -A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a “catastrophic implosion” that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. A robotic diving vehicle deployed…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surveys for June show that in the euro zone at least overall factory and service sector growth almost…
(Reuters) -The U.S Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant told them, Bloomberg News reported on Thursday. The U.S. Securities and Exchange Commission also has a similar probe underway, Bloomberg reported, citing two people familiar…
