Author: Press Room

CaddxFPV marketing director Brian Luo said it was “very hard” to find skilled professionals like FPV pilots or engineers before the concept of the low-altitude economy took flight. “But last year, there were many training institutes (that started) to train pilots. China really needs about 1 million pilots to support the low-altitude economy,” he noted. “When people talk about low-altitude economy, they only focus on the bigger ones, like the eVTOLs,” added Luo, referring to electric vertical take-off and landing aircraft – also known as air taxis or flying taxis. He said the company could partner traditional industries to explore…

Beirut, Lebanon – Hezbollah rallied thousands of its supporters for the funeral of its longtime leader Hassan Nasrallah, who was killed in an Israeli air strike in September. The funeral on February 23 was an opportunity for the Lebanese group to send a message: Despite the losses it has experienced in the past several months, it is still strong and should not be underestimated. But analysts told Al Jazeera the show of strength does not make up for the impact of Israel’s war against Hezbollah, which saw much of the group’s top leadership killed and a significant portion of its…

Boston Mayor Michelle Wu raised eyebrows over the weekend after she expressed condolences to the family of a knife-wielding suspect who was shot and killed by an off-duty officer after he allegedly tried to stab two people on Saturday night.The suspect, whose identity was not released by police, brandished a knife near a Chick-fil-A on Boylston Street, a busy part of the Massachusetts capital. He was fatally shot by an off-duty police officer who saw him targeting the two victims, police said.During a Saturday night press conference, Boston Police Commissioner Michael Cox said that the officer identified himself to the…

An arrest warrant has now been issued for a suspected Tren de Aragua migrant gang member who was cut loose from custody in Chicago last week despite police believing they had probable cause to keep him detained in relation to a murder.Pedro Colmenares, 33, a Venezuelan illegal migrant who already had a weapons charge against him when police cuffed him last week, is suspected of being involved in the shooting death of a 25-year-old Hispanic man last September, Fox News exclusively reported. He is also suspected of kidnapping and sexually assaulting his former girlfriend. CHICAGO PD SAYS IT ‘WILL NOT ASSIST’ WITH…

Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices.Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, does not suggest that price pressures are perceived to be on the verge of spiraling out of control.But the recent jump has been significant enough to warrant attention, stoking yet more uncertainty about an economic outlook already clouded by President Trump’s ever-evolving approach to trade, immigration,…

Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.Chinese bubble tea giant Mixue’s shares surged 40 per cent on their debut on Monday as Hong Kong’s biggest listing of the year to date highlighted investor focus on mainland China’s price-conscious consumers.Shares rose to HK$283 ($36), compared with an offering price of HK$202.50, in a listing that raised $444mn and attracted a rush of demand from retail investors.Mixue, with 45,000 stores as of the end of last year, sells ice cream and flavoured teas for less than $1 and…

Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsSurging demand for cryptocurrency exchange traded funds will push their combined assets above those of precious metal ETFs in North America by the end of the year, according to forecasts by State Street, the world’s largest ETF servicer by assets.Such a move would install digital token ETFs as the third-largest asset class in the rapidly growing $15tn ETF industry, behind only equities and bonds and ahead of real estate, alternative and multi-asset funds.“We have been very surprised by the speed of…

The Ebola outbreak in Uganda, which had seemed to be in retreat, has claimed a new victim: a 4-year-old boy who died on Monday, according to a State Department cable viewed by The New York Times.News of the child’s death comes even as the Trump administration has canceled at least four of the five contracts with organizations that helped manage the outbreak. It also placed the manager of the Ebola response at U.S.A.I.D. on administrative leave.Uganda’s Ministry of Health informed U.S. officials of the death on Thursday. The confirmed case has not yet been announced by the Ugandan government nor…

Whoever won the prize for best director on Sunday night was going to receive a first directing Oscar, but no nominee has labored as a filmmaker more single-mindedly for a longer time than Sean Baker, the creative force behind “Anora.”By winning the Oscars for director, original screenplay, film editing and best picture (as a producer), Baker tied the record for most Oscars won by an individual in one year with a very famous name. Walt Disney won four awards for four different films in 1954, none of them particularly well remembered today.“Anora,” a Cinderella story that foregrounds hot topics like…

“Anora” won big Sunday at the 97th Academy Awards.The 2025 Academy Awards featured a star-studded roster with Demi Moore, Ariana Grande and Zoe Saldaña dazzling on the red carpet at the Dolby Theatre in Los Angeles.Here’s the complete list of winners from the 97th Annual Academy Awards.OSCARS 2025 FASHION: DEMI MOORE, ARIANA GRANDE AND SELENA GOMEZ DAZZLE ON THE RED CARPETBest Picture”Anora””The Brutalist””A Complete Unknown””Conclave””Dune: Part Two””Emilia Pérez””I’m Still Here””Nickel Boys””The Substance””Wicked”DirectingSean Baker, “Anora”Jacques Audiard, “Emilia Pérez”Brady Corbet, “The Brutalist”Coralie Fargeat, “The Substance”James Mangold, “A Complete Unknown”Actor in a leading roleAdrien Brody, “The Brutalist”Timothée Chalamet, “A Complete Unknown”Colman Domingo, “Sing…