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Air India CEO Campbell Wilson Abandons amid losses and regulatory scrutiny, source says

NEW DELHI, April 7 (Reuters) – Air India CEO Campbell Wilson has resigned, a source with ‌direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. The news of his resignation comes just days after its bigger rival IndiGo named aviation industry veteran Willie ​Walsh as its next CEO, as the country’s two largest carriers come under pressure to tackle a ​mounting industry crisis stemming from the Middle East conflict on top of domestic operational challenges. Reuters reported ⁠in January that Air

Stocks struggle, oil jumps as Trump’s Iran deadline looms

SINGAPORE, April 7 (Reuters) – Global stocks wavered on Tuesday, while oil prices were perched near $110 per barrel as the prospect of ​escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors ‌on the sidelines. Markets have been rattled since the U.S.-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz, a key global oil transit chokepoint that has spurred inflation worries. While investors have pinned their hopes on a resolution to the war, the talks so far have

Trump seizes on rescue of downed airman to recast unpopular Iran war

WASHINGTON, April 7 (Reuters) – President Donald Trump was on the verge of a crisis in the Iran war, faced with the rare instance of an American airman shot down and stranded ​deep inside enemy territory. Then, the airman’s daring Easter weekend rescue gave the U.S. president the chance to quickly flip the script. Standing ‌before cameras on Monday, Trump recast the perilous operation as a providential military triumph, leaning in to its cinematic elements to project strength and command of a five-week-old war that remains deeply unpopular with U.S. voters. “We have incredibly talented people, and if the time

The NZ government has boxed itself in over fuel saving strategies – but there is a way out

While the government works to reassure New Zealanders that fuel stocks are stable, the numbers tell an uncomfortable story: the country has about 27 days of onshore cover for petrol and 17 days of diesel. Meanwhile, the Middle East crisis remains volatile, even after today’s announcement of a two-week ceasefire. In a country that imports all of its refined petrol, diesel and jet fuel, petrol is above NZ$3 a litre and diesel has overtaken it for the first time in history. Roughly 80% of New Zealand’s fuel supply originates from refineries in South Korea and Singapore, which rely heavily on the Strait of Hormuz for their crude oil. It is

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