MPs brand UK financial regulator 'incompetent'

Air travel is experiencing unprecedented growth, with the TSA reporting June 27 and 29 as the seventh and eighth busiest days in its history, amid a projected 18.5 million travelers for the Fourth of July holiday. Major airlines are ramping up operations, with American Airlines planning 71,000 flights and United Airlines expecting to transport over 6 million passengers, reflecting a broader trend of increasing travel demand. Explain It To Me Like I'm 5: Air travel...

Spain is attempting to enhance its military capabilities by transforming Indra, a company previously focused on IT, into a major defense player, despite the government's reluctance to match NATO spending levels. With a significant increase in defense budget and strategic acquisitions, Indra aims to compete with leading European defense firms while expanding its manufacturing capabilities in military vehicles. Explain It To Me Like I'm 5: Spain is trying to become stronger in military matters by...

On July 1, Russian forces reportedly gained full control of Luhansk, marking it as the first fully occupied Ukrainian region, while Ukrainian attacks in Donetsk resulted in civilian casualties. Diplomatically, the Kremlin criticized potential US sanctions, and Norway announced F-35 deployments to Poland for airspace protection, with the IMF pledging $500 million in support for Ukraine. Explain It To Me Like I'm 5: On July 1, Russian forces took full control of the Luhansk region...

The UN urged Israel to facilitate humanitarian access to Gaza amid reports of one in five people facing severe hunger due to operational constraints. Spokesperson Stephane Dujarric highlighted the need for fuel to sustain critical services, condemned civilian casualties from Israeli attacks, and noted ongoing international calls for a ceasefire amid the ongoing conflict, which has resulted in over 56,500 Palestinian deaths since October 2023. Explain It To Me Like I'm 5: The United Nations...

A 3.6-magnitude earthquake struck Northern California on June 30 at 6:37 p.m. PT, located approximately 16 miles west of Los Banos and 30 miles southeast of San Jose, as reported by the U.S. Geological Survey, which may revise the magnitude based on further data. Aftershocks, which can occur days to years after an earthquake, may follow and can potentially be of equal or larger magnitude. Explain It To Me Like I'm 5: A small earthquake...

A driver in a white ute reported a near-miss incident on State Highway 2 in Hawke's Bay when an overtaking van approached dangerously. The van narrowly avoided a collision as the ute braked heavily, with the event captured on the dashcam of the truck being overtaken. Explain It To Me Like I'm 5: A driver in a white truck got really scared when a fast-moving van almost crashed into him while trying to pass another...