Federal regulators are investigating 1.2 million Tesla vehicles over complaints of suspension defects affecting steering control.
TRANSPORT
Qantas Avoids Investigation Over Data Breach Affecting More Than 5M Australians
The OAIC has decided not to investigate Qantas over its 2025 data breach, saying the airline had reasonable security measures in place despite more than 5.12 million customers being affected.
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Uber Hits Pause on Five European Market Launches
Expansion plans in countries including Austria, Norway and Greece have reportedly been delayed as Uber concentrates on building momentum in recently launched markets.
Continental to Sell ContiTech Business to Lone Star Funds in €4B Deal
SK Hynix is weighing a 0.5% underwriting fee ahead of its planned Nasdaq ADR listing, with book building set to begin on July 6.
Honda, Nissan Set to Expand Alliance After Merger Talks Collapse
The two automakers are nearing a cooperation agreement focused on technology, software and vehicle development as they seek to cut costs and compete in the EV era.
Qantas launches 2027 nonstop Sydney‑NY and Melbourne‑London flights
Qantas is expected to announce the first Project Sunrise destination as the airline prepares for ultra-long-haul nonstop flights connecting Australia with London or New York from 2027. The project is set to influence long-haul travel, airline competition and business connectivity between Australia, North America and Europe.
More transport News
01
United to Cut Flights as Fuel Prices Soar
United Airlines (UAL.0) plans to trim roughly 5% of its scheduled flights in the second and third quarters of 2026 after the Iran war drove jet fuel costs within striking distance of double where it was at the end of February CEO Scott Kirby told employees he is preparing for oil prices to reach $175 a barrel, which would remain above $100 until sometime late 2027. At those prices, United’s annual fuel bill increases by $11 billion. The cuts target overnight, midweek and off-peak routes. Flights to both Tel Aviv and Dubai are still suspended. United intends to return to its full schedule this autumn.
02
Japan exports beat forecasts but China, US demand weakens
Japan exports beat expectations in February, though weak demand from China and the US signals uneven global trade recovery.
03
The Surprising Hurdles of Electric Vehicle Adoption
In the past decade, electric vehicles (EVs) have surged from niche to mainstream, promising a greener alternative to traditional gasoline-powered cars. Governments worldwide are setting ambitious targets for EV adoption, and automakers are rapidly expanding their electric offerings. Despite these…