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First Direct Flight Between United States and Venezuela Lands in Caracas

Key Points: Envoy Air operated the first direct commercial flight from Miami to Caracas in 7 years. The United States suspended flights 7 years ago, citing security risks under the previous government. Passengers celebrated the direct route after spending years relying on long connections through neighboring countries. United States energy officials traveled on the flight to help American companies enter the local mining market. The...

Japanese Yen Surges Against US Dollar Amid Intervention Rumors

Key Points: The Japanese yen jumped sharply against the US dollar on Friday, pushing the dollar down 0.66% to 155.60. This sudden move follows a massive 3% rally in the yen on Thursday, attributed to suspected currency intervention by Japanese officials. Japan's top currency diplomat, Atsushi Mimura, warned traders that the government remains ready to step into the markets again. A wide gap between the...

Qantas and Jetstar Extend Flight Cuts as Global Fuel Crisis Worsens

Key Points: Qantas and Jetstar will extend their 5 percent domestic flight cuts through September due to soaring jet fuel prices. The ongoing Middle East conflict threatens the global aviation industry and caused an $800 million jump in fuel costs for Qantas. The Australian government secured an emergency shipment of 100 million liters of jet fuel to keep the transport sector moving. China supplies 32...