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“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.
Persons: Houston’s George, , Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest
A 7-acre private island off Florida's coast is on sale for $50 million. AdvertisementIf owning a private island is a personal dream for you, you're in luck — a 7-acre private island located just 3 miles off the coast of Florida just hit the market and could be all yours for $50 million. Jon Kohler & AssociatesFrom the dock on the mainland, the Panama City Beach International Airport is an hour-and-twenty-minute drive away. Jon Kohler & AssociatesJon Kohler & AssociatesIn this scenario, Weldon said the setup would be similar to a condo homeowners' association. Jon Kohler & AssociatesThe bungalows, which were first built in 2009, were remodeled when Seymour bought the island in 2018.
Persons: , Saint Joseph Bay, Joe, Samuel, Black Sam, Bellamy, Jon Kohler, Lori Bembry Weldon, Weldon, Scott Seymour, Associates Jon Kohler, Seymour Organizations: Service, Associates, Panama City Beach, Jon Kohler & Associates, Business Locations: Florida, Saint Joseph, Port St, Florida's, Black's, Panama, Atlanta
CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.
Persons: , Nikita Teryoshin, , ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, , KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, , DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine
Boeing losses, problems continue to mount
  + stars: | 2024-04-24 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
Boeing reported a core operating loss of $388 million, or $1.13 a share, from the $440 million it lost on that basis a year earlier. Plastic covers the exterior of the fuselage plug area of Alaska Airlines Boeing 737 Max 9 where a door plug on the plane blew off on a January 5 flight. The incident has sparked new focus on problems with the safety and quality controls at Boeing. Boeing has had a string of losses and problems with its planes’ quality dating back at least five years. It also announced plans to increase production of the 737 Max throughout 2024 in order to return to sustained profitability.
Persons: , , Dave Calhoun, Max Organizations: New, New York CNN, Boeing, Revenue, Alaska Airlines, Alaska Airlines Boeing, Max, NTSB, Getty, Alaska Air, United Airlines, National Transportation Safety Board, Federal Aviation Administration, Justice Department Locations: New York, Alaska, Tuesday’s
A US defense official downplayed the threat of China's new Xi'an H-20 bomber. AdvertisementChina's new bomber, the Xi'an H-20, is intended to rival America's new stealth bomber, but a US defense official told reporters on Monday it's "not really" a concern. A B-2 Spirit takes off for Red Flag-Nellis 24-1 training at Nellis Air Force Base on Jan. 16. A former US Air Force commander said previously that it wasn't "anything to lose a lot of sleep over." The Pentagon unveiled a new stealth bomber in 2022 that is currently in production and will eventually replace B-1 and B-2 fleets.
Persons: , it's, William Lewis, It's, Wang Wei, David Swanson, Northrop Grumman Organizations: Service, Breaking Defense, Flag, Nellis, Nellis Air Force Base, US Air Force, Liberation Army Air Force, Hong, Hong Kong Commercial Daily, China Aviation Industry Corporation, Northrop, Air Force, United States Air, REUTERS, Pentagon Locations: Xi'an, Jan, China, Hong Kong, Palmdale , California, U.S
JetBlue Airways shares tumbled more than 10% in premarket trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability. The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. JetBlue earlier this year said it would defer $2.5 billion in aircraft spending until the end of the year. Revenue dropped 5.1% from last year to $2.21 billion, matching LSEG revenue expectations.
Persons: LSEG, Joanna Geraghty, Pratt Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, JetBlue, Spirit Airlines, Pratt & Whitney, Revenue Locations: Amsterdam, Netherlands, New York, Delta, America
Voyager 1’s flight data system collects information from the spacecraft’s science instruments and bundles it with engineering data that reflects its current health status. But since November, Voyager 1’s flight data system had been stuck in a loop. By investigating the readout, the team determined the cause of the issue: 3% of the flight data system’s memory is corrupted. Members of the Voyager flight team celebrate after receiving the first coherent data from Voyager 1 in five months at NASA's Jet Propulsion Laboratory on April 20. And younger engineers are coming onto the Voyager team and contributing their knowledge to keep the mission going.”
Persons: they’ve, , Linda Spilker, , Suzanne Dodd, “ We’ve, we’ve Organizations: CNN, NASA, Voyager, JPL, Network, Jet Propulsion Laboratory, Caltech
The presence of the US Army’s Mid-Range Capability (MRC) ground-based missile system, increases the risks of “misjudgment and miscalculation” in a region already on edge over Chinese-Philippines face-offs in the South China Sea, Beijing says. It’s the first-ever deployment of the MRC missile system, also known as the Typhon system, to the Indo-Pacific theater, and it comes amid a series of US-Philippine military exercises, including the largest-ever edition of the bilateral Balikatan exercises beginning Monday. It also can fire the Tomahawk Land Attack Missile, a maneuverable cruise missile with a range of 1,600 kilometers (1,000 miles), according to the CSIS. Those are the same rules Washington and Manila accuse Beijing of ignoring with aggressive Chinese actions that have injured Filipino sailors and damaged vessels around disputed features in the South China Sea. US Army PacificChina’s missile advantageAnalysts say the deployment of the Typhon missile battery is the first signal of US plans to address what has long been an advantage for Beijing in the region.
Persons: Lin Jian, ” Lin, Stephen Koehler, , equalizes, , Collin Koh, Christopher Milhal, Koh, Rupert Schulenberg, Donald Trump “, Thomas, CNN’s Steven Jiang Organizations: South Korea CNN, US, MRC, US Army, Missile Defense, Center for Strategic, International Studies, Foreign, US Pacific Fleet, Sunday, Xinhua, CNN, US Air Force, US Army Pacific, Beijing, Rajaratnam, of International Studies, People’s Liberation Army Rocket Force, , don’t, International Institute for Strategic Studies, South, Lewis, McChord, Nuclear Forces Treaty, Russian, Philippine News Agency, CNN Philippine Locations: Seoul, South Korea, China, United States, Philippines, South China Sea, Beijing, Philippine, South China, Taiwan Strait, Qingdao, Washington, Manila, Asia, Pacific, Japan, Taiwan, Guam, Singapore, South, Soviet Union, Palawan, Sulu, Spratly
Etihad Airways has returned its beloved Airbus A380 to New York amid booming demand. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementEithad Airways' popular Airbus A380 has returned to the US after the pandemic nearly forced it into retirement. On Monday, the mammoth plane took off from Abu Dhabi's Zayed International Airport at about 3:20 a.m. local time and landed at New York's John F. Kennedy International Airport more than 14 hours later, just after 10 a.m. This story is available exclusively to Business Insider subscribers.
Persons: , Abu Dhabi's, John F Organizations: Etihad Airways, Airbus, Service, Eithad Airways, Abu Dhabi's Zayed International Airport, New, Kennedy International Airport, Business Locations: New York, Abu, Abu Dhabi's Zayed, Abu Dhabi, London
CNN —Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Airbus reported record annual jet orders in 2023, but in a statement Monday, Airbus CEO Guillaume Faury hinted at plans for further expansion in North America. The announcement of Hayes’ Airbus appointment comes just over two months after he left JetBlue, which has a fleet of Airbus planes. “It’s time I put more focus on my health and well-being.”In a statement Monday, Hayes said he was excited and energized to join Airbus after taking time off. As chairman and CEO of the North American business, Hayes will lead Airbus’ commercial aircraft business and oversee the company’s helicopters and space and defense business in the region.
Persons: Robin Hayes, Hayes, Jeff Knittel, Guillaume Faury, Robin, Faury, , ” Hayes Organizations: CNN —, JetBlue, Airbus, Airbus Americas, Boeing, North Locations: North America
Trump cancels North Carolina rally due to storm
  + stars: | 2024-04-21 | by ( ) www.cnbc.com   time to read: +1 min
U.S. Republican presidential candidate Donald Trump abruptly canceled a campaign rally in North Carolina on Saturday because of an incoming storm, telling the crowd he was "devastated" and promising to return to the battleground state soon. The event was due to occur after the first week of Trump's historic criminal trial in New York stemming from a hush-money payment to a porn star. Both the Biden and Trump campaigns have set their sights on winning North Carolina, one of six or seven swing states that will likely determine the outcome in November. Trump narrowly won the state in 2020 over Biden. Biden and Vice President Kamala Harris traveled to North Carolina to campaign last month.
Persons: Donald Trump, Trump, I'm, Joe Biden, Biden, Kamala Harris Organizations: U.S, Manhattan Criminal, New York City . U.S, Republican, Democratic, Biden, Trump, North Carolina Locations: New York City ., North Carolina, Wilmington, New York, Washington , Georgia, Florida, York
I was excited to study abroad in Florence and to take small, cheap trips while abroad. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a third-year college student attending Colorado State University in Fort Collins, I jumped at the chance to study abroad. I knew studying abroad was a privilege before getting here, but "a weekend in Dubai" was not what I expected. Traveling while studying abroad is a competitive sport with a large price tag that no one told me to train for.
Persons: I'm, , hasn't, I've Organizations: Service, Colorado State University, Ryanair Locations: Florence, Dubai, Fort Collins, Italy, Morocco, Prague, Instagram, Copenhagen
CNN —When Margaret Bensfield Sullivan envisioned the type of family who might jet off for a year to explore the world together, she had a very specific image in her head. According to Sullivan, she and her husband had never traveled with their kids before their big trip. “We loved to travel as a couple,” Sullivan explains, recalling how they visited countries like Thailand, Cambodia, Argentina and Turkey together before starting their family. They won’t remember anything.”However, Sullivan explains that a work trip to Tanzania in 2017 completely changed her perspective. ‘Following the sun’When it came to planning their route, the Sullivan family decided to “follow the sun.” Margaret Bensfield SullivanOnce they’d made up their minds, the couple spent seven or eight months “working out the logistics” and winding their lives in New York down.
Persons: Margaret Bensfield Sullivan, Sullivan, ” Sullivan, Teddy, Willa, James, , , , they’d, “ It’s, they’ve, didn’t, you’re, shouldn’t, Lucia, we’re Organizations: CNN, CNN Travel, Sullivans, Sun Locations: New York, Thailand, Cambodia, Argentina, Turkey, Tanzania, South America, Africa, East, Europe, Asia, Australia, New Zealand, Mongolia, Vietnam, Indonesia, , Mexico, Guatemala, Italy, Greece, Grenada, Barbados, Dominica, St
The aircraft, shaped like a dart and painted black, was a D-21 supersonic reconnaissance drone. Ultimately unsuccessful, the drone would be relegated to the annals of aviation history if not for the appearance of a strikingly similar Chinese drone unveiled at a recent military parade. AdvertisementThis is what we know about the high-flying Chinese spy drone and the D-21 upon which it could be based. High altitude, high speedLockheed's solution was to create an unmanned high-altitude high-speed reconnaissance aircraft with similar capabilities as the A-12, but much smaller. A WZ-8 reconnaissance drone is on display at the 13th China International Aviation and Aerospace Exhibition on September 28, 2021 in Zhuhai, China.
Persons: , Francis Gary Powers, Dwight Eisenhower, Marquardt, Bill, Ray Torrick, Chen Xiao, Benjamin Brimelow Organizations: Service, Air Force, 4200th Support Squadron, Andersen Air Force Base, Business, Lockheed Corporation, Soviet, White House, CIA, Central Intelligence Agency, Lockheed's, Works, Redesignated, Navy, US Air Force, Chinese Aviation Museum, Davis, Monthan Air Force Base, 13th China International Aviation, Aerospace, US National Geospatial - Intelligence Agency, 29th Air Regiment, People's Liberation Army Air Force's 10th Bomber, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Guam, China, Soviet Union, Soviet, Yunnan, Beijing, Tucson , Arizona, United States, Zhuhai, People's Republic of China, Liuan, Korean, Taiwan, Pacific, West
The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.
Persons: hadn’t, Christopher Pike, , Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, , wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, , Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah
Source: Alef AeronauticsWhat if flying around in an electric vehicle is a key part of the way you travel in the future? EVTOLs, or electric vertical take-off and landing vehicles, popularly known as flying cars or air taxis, are being developed by firms in the U.S. to Europe and Asia. Four of the most common eVTOLsAn eVTOL aircraft can take off and land vertically. From the technologies they use to take off and land to the fact they're electric, eVTOLs are trying to distinguish themselves from helicopters. While some wealthy individuals may own their electric aircraft, they will more likely be operated in fleets by an operator, as is the case with airlines.
Persons: Lilium, Jim Dukhovny, Tim Draper, EHang Organizations: Aeronautics, JPMorgan, CNBC Tech, Aviation, European Union Aviation Safety Agency, Federal Aviation Administration, Civil Aviation Administration of China, eVTOLs, Alef Aeronautics Alef Aeronautics, Alef Aeronautics, SpaceX, Theranos Locations: U.S, Europe, Asia, , eVTOLs, United States, China, Munich, Germany, Spain
Andrew Wilson admitted to shining a laser at aircraft in two incidents back in 2022. Wilson was sentenced to four months in prison last Thursday. AdvertisementA 53-year-old man was sentenced to four months in prison after shining a laser at a passenger jet. Jason Marshalsea, the police officer in charge of the case, said: "Shining a laser beam at an aircraft is dangerous and irresponsible and could result in catastrophic consequences." AdvertisementIncidents involving lasers and planes have been on the rise in recent years, despite pleas from authorities for people to stop shining lasers at aircraft.
Persons: Andrew Wilson, Wilson, , VCeFFXnIUG, Jason Marshalsea Organizations: Service, Airbus, Bristol Airport, Taunton Crown, Sky, Federal Aviation Administration, Delta Air Lines Locations: Somerset, England, Martock , Somerset, Taunton, New York, Mexican
Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it's eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals including the Cleveland Clinic to major brands such as Walmart and GNC. The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents and delivered more than 10 million products. The push into restaurant partnerships marks an "obvious transition" he said, due to the continuing growth in interest in instant food delivery. Zipline deliveries for some Panera locations in Seattle are expected to begin next year, the Panera franchisee's chief operating officer Ron Bellamy told CNBC.
Persons: It's, Keller Rinaudo Cliffton, Rinaudo Cliffton, Ron Bellamy, I'm, Bellamy Organizations: Cleveland Clinic, Walmart, Sequoia Capital, a16z, Google Ventures, CNBC, Memorial Hermann Health Locations: San Francisco, Ghana, Seattle, Houston, Detroit
A man suffered a broken leg due to severe turbulence on an Air New Zealand flight. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 47-year-old man had to endure six-and-a-half hours in the air with a broken leg after severe turbulence on a flight, the New Zealand Herald reported. Niko, a German who's been living in Bali for 13 years, was flying with Air New Zealand from Indonesia to Auckland on Tuesday. Related storiesA friend who picked Niko up from Auckland Airport told the Herald: "His leg pretty much snapped in half."
Persons: , Niko, Sasha Organizations: Air, Zealand, Service, New Zealand Herald, Air New, Boeing, Auckland Airport, Herald, Business Locations: Indonesia, Auckland, Bali, Air New Zealand, Zealand
Gaza Is Biden’s War Now - The New York Times
  + stars: | 2024-04-19 | by ( Nicholas Kristof | ) www.nytimes.com   time to read: +1 min
Darfur and Gaza are very different, of course, but I recall the senator’s compassion and urgency — and I wonder, where has that Joe Biden gone? Gaza has become the albatross around Biden’s neck. Consider just one example of America’s fingerprints on this war under Biden’s leadership. The International Rescue Committee says that the near-fatal strike was caused by a 1,000-pound American-made bomb, dropped from an American-made F-16 fighter jet. And when an American-made aircraft drops an American-made bomb on an American aid group in an American-supported war, how can that not come back to Biden?
Persons: Joe Biden, George W, Bush, Biden, Benjamin Netanyahu’s Organizations: International Rescue, Committee Locations: Darfur, China, Gaza, Iran, Lebanon, United States, American
The US military won't say who won the dogfight between an AI-controlled F-16 and a human fighter pilot. Back in 2020, AI smoked a seasoned Air Force F-16 pilot 5-0 in simulated dogfights. The AI-controlled fighter jet, called the X-62A Variable Stability In-flight Simulator Test Aircraft, is a modified version of an F-16. Back in August 2020, AI won a simulated dogfight against a human operator 5-0. #AI successfully pilots fighter jet ✈️.#ICYMI @deptofdefense artificial intelligence agents successfully pilot a fighter jet making AI history!
Persons: they'd, , Ryan Hefron, James Valpiani, Luke, Hefron, Valpiani, @officialafmc, hsfgaw0kVx —, we've Organizations: Air Force, Service, DARPA, Edwards Air Force Base, US Defense, Research Projects Agency, US Air Force, Falcons, 62nd Fighter Squadron, Luke Air Force Base, Key West, US Navy, hsfgaw0kVx — Edwards Air Force Base Locations: California, Ariz, Florida, Fla, @afresearchlab, @EdwardsAFB
New images posted to social media show China's third and newest aircraft carrier hosting aircraft mock-ups. AdvertisementChina's newest aircraft carrier appears to be sporting mock-ups of warplanes, according to new images posted to social media by a long-time China watcher. The pictures also show the Fujian's catapult system, designed to launch aircraft much like the US Navy's aircraft carriers. CHINESE AIRCRAFT CARRIER, JIANGNAN SHIPYARDS, CHINA, JUNE 18, 2022: Maxar satellite imagery close up view of CV 18 Fujian Aircraft Carrier, Shanghai, China. Take a close look at China's third aircraft carrier #Fujian, which was launched in Shanghai on Friday.
Persons: , Andreas Rupprecht, @QwaSkkn2447, Kitty Hawk, Matthew P, Funaiole, Joseph S, Bermudez Jr, Brian Hart Organizations: Service, People's Liberation Army Navy, Fujian, 10J, Ford, Department of Defense, China, Fujian Aircraft Carrier, Global Times, Center for Strategic, International Studies Locations: Fujian, China, Shanghai, Fujian “, Liaoning, Shandong, JIANGNAN, CHINA, China's, Taiwan
I rode on a $180 luxury bus and a $46 standard coach bus from New York City to Washington, DC. The regular bus got me from point A to point B, but there weren't many amenities. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs somebody who frequently travels between New York City and Washington, DC, I'm thankful for the many transportation options available. As a true travel nerd, I had to see just how different this $180 bus service was from a traditional $46 FlixBus coach offering.
Persons: Organizations: Service Locations: New York City, Washington
Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's
They’re playing to win every day staples like rice, oil, sugar, lentils and other items that soaring inflation has put beyond their reach. Courtesy Omar Sunny Somrat/SS Food ChallengeThe combination of colorful games and the feel-good factor of nobody going home empty-handed has given Somrat a genuine hit. Courtesy Omar Sunny Somrat/SS Food ChallengeBy 2021, he began organizing contests for village kids competing in games and winning prizes like home appliances. A year later, though, he stumbled onto the winning formula when food prices soared and the Bangladeshi currency, the taka, depreciated in value against the US dollar. Between 2022 and 2023, food prices in Bangladesh jumped by 9%, the highest average rate in 12 years, according to the country’s Bureau of Statistics.
Persons: Mohammad Abdur Rouf, can’t, I’d, Omar Sunny Somrat Abdur —, , Omar Sunny Somrat, They’re, “ It’s, ” Somrat, Somrat, , taka, Munir Uz Zaman, Ruchir Desai, Desai, Asma Khatun Organizations: CNN, SS, SS Food, Bank, YouTube, Facebook, greenback, country’s, Statistics, Getty, Asia Frontier Investments, International Monetary Fund Locations: Chapra, Bangladesh, Ukraine, Banwarinagar, Pabna, Purandarpur, Pabna District, Dhaka, AFP
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