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Hertz Reevaluates EV Strategy After Facing Hefty Financial Losses

In an electric twist of fate, Hertz is putting the brakes on its once ambitious EV initiative, citing the vehicles as both unreliable and pricier to maintain compared to their gas-powered counterparts. The Estero, Florida-based rental giant announced a steeper cut to its electric fleet, planning to offload an additional 10,000 electric vehicles. This decision […]

Outgoing Boeing CEO Calhoun to Receive $33 Million Compensation

Dave Calhoun - CEO of Boeing

In a recent development reported by the BBC, Boeing shareholders have sanctioned a noteworthy 2023 compensation package for departing President Dave Calhoun, tallying up to a staggering $33 million. The verdict, delivered during the company’s annual gathering, bears a caveat—it’s not binding. Additionally, shareholders have greenlit Calhoun’s continuation as a director, as he prepares to […]

1 Dead, 30 Injured After Severe Turbulence on Singapore Airlines Flight

Singapore Airlines Airbus A350

A British man, aged 73, has tragically died, and more than 30 passengers sustained injuries during severe turbulence on a Singapore Airlines flight from London to Singapore. The Boeing 777-300ER, carrying 211 passengers and 18 crew members, was forced to divert and make an emergency landing in Bangkok at 15:45 local time (08:45 GMT), authorities […]