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Cardano price staged a strong rally on Friday, reaching its highest level since June 11. It has jumped in the last four consecutive days, mirroring the performance of the broader crypto market. This article explores what to expect in the coming weeks.

Cardano price technical analysis

The daily chart shows that the ADA price bottomed at $0.5085 and then bounced back. Its lowest level this week coincided with the lowest point in April this year, meaning that it has formed a double-bottom pattern.

A double bottom is one of the most common bullish reversal patterns in technical analysis. It has now moved above the 50-day and 200-day Exponential Moving Averages (EMA).

More technical indicators point to more gains in the coming weeks. For example, the Average Directional Index (ADX) has continued rising as it remains above 20. 

The token has moved above the Ichimoku cloud and the Supertrend. Therefore, the path of the least resistance for Cardano is bullish, with the next point to watch being at $0.8360, the neckline of the double-bottom pattern. 

A move above that resistance level will point to more gains, potentially to the psychological point at $1. A move below the support level at $0.60 will invalidate the bullish outlook.

Cardano price chart | Source: TradingView

Why ADA price is surging

There are a few reasons why Cardano price is in a strong bull run. First, the rally has coincided with the ongoing Bitcoin price surge. Bitcoin soared to $118,000 for the first ever, and analysts expect the trend to continue. 

Bitcoin has soared because of the rising demand from American investors, who have piled into their ETFs. Cumulative ETF inflows soared to a record high of over $50 billion, with the IBIT ETF’s assets jumping to over $80 billion. This trend means that this fund will soon surpass the 20-year-old GLD ETF. 

Cardano price has also jumped as data points to a rebound of some of its assets. For example, Snek, the biggest meme coin in the ecosystem has continued soaring this week, with its market capitalization jumping to over $200 million. 

More data shows that the decentralized exchange (DEX) volume in Cardano has jumped to the highest point in over a week. Still, Cardano’s ecosystem is significantly smaller than other blockchains. 

Further, there are signs that the Securities and Exchange Commission (SEC) will approve the spot ADA ETFs later this year. Such a move will lead to more inflows in the coming months. For example, spot Bitcoin and Ethereum ETFs inflows have jumped sharply in the past few months. 

Cardano’s futures open interest has continued rising, a sign of rising demand among investors. 

Meanwhile, Cardano is preparing the upcoming Glacier airdrop, where its holders will receive NIGHT tokens. 

READ MORE: Top 4 altcoins to buy as the crypto bull run starts

The post Cardano price prediction: How high can ADA get this month? appeared first on Invezz

The crypto market rally gained steam this week as Bitcoin price finally exited its prolonged consolidation and hit its all-time high. Other top cryptocurrencies continued their bull run as investors embraced the fear of missing out. 

This article provides a forecast for top cryptocurrencies like Dogecoin (DOGE), Ripple (XRP), and Pi Network (PI) as the Bitcoin bull run accelerates.

XRP price technical analysis

XRP price chart | Source: TradingView

The daily chart shows that the XRP token price has staged a strong comeback in the past few days. This rally was a continuation of gains that started on June 22, when it bottomed at $1.9131.

XRP has now jumped and moved above the descending trendline that connects the highest swings since February. This trendline was the upper side of the symmetrical triangle pattern that has been forming recently.

The triangle was part of the eight-month bullish pennant pattern, a popular continuation sign. It has now moved above all moving averages, while the Relative Strength Index (RSI) and the MACD have all pointed upwards.

Therefore, the token will likely continue rising as bulls target the year-to-date high of $3.39. A break above that level will signal more gains in the coming months, potentially to $5.

Dogecoin price technical analysis

DOGE price chart | Source: TradingView

The daily chart shows that the Dogecoin price has bounced back in the past few days after bottoming at the key support at $0.1467 in June. Its lowest point that month also coincided with the April low, forming a double-bottom pattern.

DOGE price has moved above the 50-day and 100-day moving averages, while the Relative Strength Index (RSI) and the MACD have all pointed upwards this week. 

The token will likely have a bullish breakout, with the next level to watch being at the double-bottom’s neckline at $0.2596. A move above that level will point to more gains, potentially to the 38.2% retracement level at $0.3300. 

A drop below the double-bottom point at $0.1467 will cancel the bullish DOGE price forecast and point to more downside, potentially to $0.10.

Pi Network price forecast

PI chart by TradingView

The 12-hour chart shows that the Pi Coin price bottomed at $0.400 earlier this year. Like DOGE, it formed a double-bottom pattern, a popular bullish reversal sign whose neckline is at $1.7. 

Pi Coin price has also formed a giant falling wedge pattern. This pattern comprises of two trendlines. The upper one connects the highest swings since its mainnet launch in February, while the lower one connects the key lower lows. These two lines are nearing their confluence level. 

Therefore, the coin will likely have a strong bullish breakout, with the initial target being at the psychological level at $1. A move above $1 will point to more gains, potentially to the double-bottom’s neckline at $1.667. 

The post Top crypto price predictions: Dogecoin, XRP, and Pi Network appeared first on Invezz

Atlassian stock price has crashed into a bear market as insiders continue dumping the shares, and as concerns about its business trajectory intensified. TEAM tumbled to a low of $200, down by over 38% from its highest level this year. 

Insiders are selling TEAM shares

A key reason why the Atlassian stock price has crashed is that insiders continue selling the shares this year. Scott Farquhar, the founder, sold shares worth over $1.67 million on July 7. 

This sale is a continuation of the events that have occurred over the past few years. Data compiled by Barchart shows that insiders have sol 942,562 shares, currently worth over $188 million in the last three months. 

These insiders have also dumped over 4 million shares worth over $800 million in the last 12 months. The top sellers are Scott and Michael Cannon-Brookes, the Chief Executive Officer. 

Most importantly, no insider has bought the shares in the past 12 months, according to publicly available data.

Inside selling is often seen as a red flag in the stock market because these individuals always have more information than the other investors. Indeed, the TEAM stock price has underperformed its peer software companies since the insiders started selling the shares. TEAM stock remains 58% below the highest point in 2021.

Read more: Atlassian (TEAM) stock price is at risk as co-CEOs dump shares

Growth concerns remain amid rising competition

The name Atlassian may not be a familiar one to many people. Yet, many companies know it well because of the popularity of its products and services.

Atlassian, an Australian company, provides some well-known project management and collaboration tools like Jira, Loom, Confluence, and Trello. Over 300,000 companies use its products, which are in areas like software development, service management, and work management. 

Atlassian’s business has been in a strong trajectory over the years, with its annual revenue jumping from $1.4 billion in 2020 to over $4.35 billion last year. 

The challenge, however, is that its business has become highly saturated such that there are concerns about whether it will maintain its bullish trajectory. Some of the most popular competitors are the likes of Asana, Smartsheet, Notion, and Slack. 

The most recent results showed that Atlassian’s revenue rose from $1.12 billion in Q3’24 to over $1.356 billion this year. Its gross margin also improved from 82.1% to 83.8%, while its cash flow from operations rose to $652 million. 

Most of its revenue was in the cloud segment, followed by data centers and the marketplace. The United States is its biggest market.

Analysts are hopeful that its revenue growth will continue despite the competitive environment. The average revenue estimate is that its growth will be 19.9% to $1.36 billion, while the annual figure will get to $5.2 billion. 

The best way to value Atlassian is to consider the Rule of 40 metric, which looks at the profit and growth. In its case, its forward revenue growth is 19%, while its EBITDA margin is minus 1.5%, giving it a rule-of-40 metric of 17.5%, making it overvalued.

Atlassian stock price analysis

TEAM stock price chart | Source: TradingView

The weekly chart shows that the TEAM stock price topped at $325 earlier this year and then plunged to the current $200. It is hovering at the 50-day and 200-day Exponential Moving Averages (EMA).

The stock remains below the key resistance level at $257, the highest point on June 29. It is also above the ascending trendline that connects the lowest swings since 2023. 

Therefore, the stock will likely continue falling as insiders sell and a bearish pennant pattern forms. If this happens, the next level to watch will be at $136, the lowest swing on August 5.

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The Certified Information Systems Auditor (CISA)’s recent warning about two critical vulnerabilities in TeleMessage TM SGNL—actively being exploited by threat actors—has prompted stakeholders to sit up and take notice.

The US federal cybersecurity agency strongly urged organizations to immediately implement any vendor-provided mitigations, underscoring the severity of the flaws.

“In the case of TM SGNL, the vulnerabilities arose from multiple severe design and implementation errors, undermining the intended security and resulting in what can best be described as “security theater”,” said Kee Jefferys, co-founder of Session, an open-source encrypted messaging app, in a conversation with Invezz.

The growth of decentralized messaging apps is being driven by a convergence of factors: rising privacy concerns, growing distrust of Big Tech, advances in blockchain and peer-to-peer architecture, and shifting regulatory environments.

While Session has earned praise for its commitment to anonymity and metadata resistance, some tech reviewers argue that Signal—another encrypted messaging platform—strikes a more mainstream balance by combining strong privacy protocols with user-friendly, community-building features.

“In Session’s case, it’s built for users who need anonymity and metadata resistance, even if that means making a few trade-offs on features or UX,” Jefferys said.

He also touched on the rising institutional interest in decentralized messaging platforms and why he believes that departments such as national security and foreign service are likely to explore these technologies more seriously in the coming years, especially for internal communications involving sensitive or high-risk scenarios.

Excerpts:

On the CISA flagging vulnerabilities in TM SGNL

Invezz: The CISA directive highlights vulnerabilities in TM SGNL. What, in your view, made these flaws so dangerous despite the use of end-to-end encryption?

End-to-end encryption, when implemented correctly, prevents anyone outside the conversation from accessing users’ messages.

However, in the case of TM SGNL, the vulnerabilities arose from multiple severe design and implementation errors, undermining the intended security and resulting in what can best be described as “security theater.” 

Rather than a single isolated flaw, it was a chain of poor design decisions that ultimately exposed user data.

First, TM SGNL created an unencrypted copy of every message sent in a conversation and then stored this copy on a server.

This practice effectively created a honeypot of sensitive data, making it highly attractive to attackers.

Second, the server publicly exposed a URL from which anyone could download the current state of its memory.

As the server received and processed these unencrypted messages, it stored them in memory alongside sensitive authentication details, including users’ weakly hashed passwords.

Combined, these vulnerabilities allowed an attacker, even one with relatively limited sophistication, to routinely download server memory, extract authentication information, breach user accounts, and access plaintext conversations.

This scenario underscores a critical point: secure protocols are only as strong as the underlying code quality and infrastructure implementation.

How decentralisation reduces risk structurally

Invezz: You’ve argued that single-vendor control is the real threat. Can you walk us through how decentralization structurally reduces this risk?

Absolutely. When one company controls everything, including the code, the servers, the updates, even a single mistake can put everyone at risk.

Decentralization spreads out that control, reducing ability to target any one server to achieve a full network compromise.

In networks like Session, there’s no central server to attack, nor any single entity holding all the messages.

Instead, the network consists of independently operated nodes distributed around the globe, and the source code is openly available for anyone to inspect.

As a result, rather than relying on the trustworthiness of a single vendor, you have a system purpose-built to function without needing trust at all.

Difference between Session and Signal

Invezz: Session is often touted as a fully decentralized, metadata-resistant messenger. How does your infrastructure fundamentally differ from Signal or other encrypted apps?

Most messengers still depend on centralized infrastructure, Session is different.

Session operates on a decentralized onion-routing network inspired by Tor, specifically built for messaging.

Instead of relying on central servers, Session routes messages through a series of community-operated nodes, effectively concealing users’ IP addresses from any node storing their messages.

Additionally, Session doesn’t require a phone number, email, or any other real-world identifier to create an account.

All messages are end-to-end encrypted, and unlike traditional TM SGNL, Session never sends an unencrypted audit log of users’ communications to a central server.

Session’s use case and ongoing efforts to improve usability

Invezz: Some tech reviewers have said that while Session offers a level of privacy which is great for security purposes, Signal blends robust privacy policies with helpful community-building features, making it appealing to a wider audience. What are your thoughts on this?

That’s a fair take. Signal has done an amazing job making private messaging feel seamless, especially for people who aren’t privacy experts.

In Session’s case, it’s built for users who need anonymity and metadata resistance, even if that means making a few trade-offs on features or UX.

But Session is definitely not ignoring usability, Session contributors have been working hard on improving the UX, by simplifying technical jargon and making it easy to jump in and start messaging without having to worry about the technical details. 

On institutional demand for decentralised messaging

Invezz: Do you see institutional or enterprise demand for decentralized messaging growing? If so, what verticals are showing early traction?

Absolutely. Session is seeing growing interest from journalists, NGOs, whistleblowers, and legal professionals, basically anyone who handles sensitive information or needs to keep communication private.

Some DAOs and privacy-focused startups are starting to explore decentralized messaging too.

It’s still early, but the common thread is they all want strong privacy and infrastructure that doesn’t have a single point of failure or control.

As regulations tighten and data breaches pile up, decentralization is starting to look less like a niche and more like a necessity.

Gov branches like national security/ foreign service likely to explore decentralised messaging

Invezz: Do you believe governments will ever seriously adopt decentralized messaging protocols, or will they remain dependent on vendors they can oversee?

That’s a tough one. Governments naturally prefer control and auditability, which often leads them toward proprietary or vendor-managed systems.

However, as the TM SGNL incident clearly illustrates, this centralized approach carries inherent risks.

I anticipate that certain branches of government, particularly those dealing with national security or foreign service, will increasingly explore decentralized solutions for sensitive internal communications or high-risk scenarios.

We probably won’t see immediate, widespread adoption overnight, but the escalating cost and impact of security breaches are compelling enough to make even traditionally risk-averse institutions reconsider their approach.

The post Interview: Anticipate certain govt depts to start exploring decentralised messaging, says Session co-founder Kee Jefferys appeared first on Invezz

Kraft Heinz is preparing to break itself up in what could be its most significant restructuring since the company’s formation in 2015, The Wall Street Journal reported on Friday.

Nearly a decade after the blockbuster merger between Kraft and Heinz—engineered by Warren Buffett’s Berkshire Hathaway and private equity firm 3G Capital—the packaged foods giant is now exploring plans to spin off a major chunk of its grocery business, the WSJ report said.

People familiar with the matter cited by the publication said the company is weighing a separation that would result in two distinct entities: one housing traditional Kraft-branded grocery staples such as processed cheese, cold cuts, and boxed dinners, and another retaining higher-growth segments like condiments, dressings, and international sauces, including its iconic Heinz ketchup and Grey Poupon mustard.

The proposed grocery spin-off could be valued at as much as $20 billion, and the company is hoping that a breakup would unlock greater shareholder value than its current $31 billion market capitalization suggests.

The move comes amid persistent pressure to align with changing consumer preferences, which have increasingly shifted away from processed foods toward fresher, more premium offerings.

Investors respond positively to news

Kraft Heinz has not made a final decision, and sources caution that other options remain under discussion with advisers.

The board has yet to approve the spin-off plan, and key details—such as the exact brand portfolio of the new entity—are still being determined.

The company’s stock rose 3.4% in intraday trading after news of the potential breakup surfaced, reflecting investor optimism about a leaner, more focused Kraft Heinz.

However, soon after, it gave up some of the gains and was trading higher by 2.09% at 1:55 pm.

A spokesperson for the company confirmed that Kraft Heinz has been “evaluating potential strategic transactions to unlock shareholder value,” a process that was first publicly disclosed in May.

Any formal announcement could come in the weeks ahead.

Sale of Italian baby food unit aligns with portfolio shift

The restructuring discussion comes on the heels of another strategic move: the sale of Kraft Heinz’s Italian infant and specialty nutrition businesses, including the well-known Plasmon brand, to Italian food group NewPrinces.

The deal, valued at €120 million ($140.7 million), includes other smaller brands and a manufacturing plant in Italy.

The business generated €170 million in revenue last year, with a core profit of €17 million.

Plasmon, best known for its baby biscuits, remains a household name in Italy but has seen its market potential shrink amid the country’s falling birth rates.

The divestiture underscores Kraft Heinz’s broader effort to focus on core growth areas while exiting categories with structural demographic headwinds.

The deal is expected to close by late 2025, subject to regulatory approvals.

Kraft Heinz is scheduled to release its second-quarter 2025 earnings on July 30, where investors and analysts will look for further clarity on the potential split and the company’s forward strategy.

The post Kraft Heinz plans breakup, weighs $20 billion grocery spin-off: report appeared first on Invezz

IMAX Corporation (IMAX) stock rose 3% on Friday as investors became more confident in the company’s premium offering, which has seen an increase.

IMAX is enjoying a surge in popularity and profitability as global audiences increasingly seek premium theatrical experiences.

In a year marked by the success of major releases like F1: The Movie, the company has achieved significant box office milestones.

IMAX screens accounted for over 20% of the film’s nearly $300 million global earnings in its first 10 days, despite IMAX representing less than 1% of global movie screens.

In North America, the format contributed 25% of all domestic ticket sales for the film.

This strong performance highlights IMAX’s growing market share.

Two other 2025 releases—Warner Bros’ Sinners and Paramount’s Mission: Impossible – The Final Reckoning—also crossed the 20% IMAX market share threshold, further underlining the company’s strength in the premium moviegoing segment.

According to CEO Rich Gelfond, IMAX is on track to generate a record $1.2 billion in global box office revenue this year, a 33% increase over 2024.

Wall Street analysts forecast even stronger growth in 2026, driven by a combination of new content, higher ticket prices, and global screen expansion.

Studio demand for IMAX format grows

A key factor in IMAX’s recent success is the rising number of films being shot with IMAX cameras.

“This year, we have eight movies in a row in North America that were filmed with IMAX cameras,” Gelfond said, noting that these films tend to perform better at the box office.

The enhanced visual and audio experience, coupled with filmmaker endorsements, has made IMAX a preferred format for cinematic storytelling.

Blockbusters such as Oppenheimer, Dune, and Mission: Impossible were all shot using IMAX technology, helping to drive both audience engagement and higher ticket prices.

Alicia Reese, analyst at Wedbush, noted that the more titles specifically filmed for IMAX, the greater the outperformance and profitability, with studios increasingly taking ownership of marketing campaigns for these titles.

However, this growing demand is creating scheduling challenges. The three-week exclusive window for F1: The Movie resulted in Universal’s Jurassic World Rebirth missing a domestic IMAX release, appearing only in China, and upcoming screenings in Japan.

Roth’s Eric Handler referred to this as a “high-class problem of too much content availability.”

Global expansion and local content bolster growth

While Hollywood hits are boosting domestic revenue, IMAX is also expanding internationally and leveraging local-language films in key markets like China, Japan, South Korea, and parts of Europe.

The Chinese animated feature Ne Zha 2 alone contributed nearly $170 million to IMAX’s global box office, out of its more than $2 billion total haul.

IMAX currently operates around 1,700 screens worldwide, including 400 in North America.

Gelfond revealed that the company has contracts in place to build another 500 screens, pointing to ongoing global demand. “We signed almost as many new theaters this year as we signed for the whole year last year,” he said.

With a strong release slate through 2025 and 2026 – including Superman, Fantastic Four, Avatar: Fire and Ash, Toy Story 5, and Nolan’s The Odyssey, IMAX is poised to continue capitalizing on the premium cinema trend.

Full details on growth and financial performance are expected in the company’s upcoming earnings report later this month.

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Intel Corp (NASDAQ: INTC) chief executive Lip-Bu Tan reportedly conceded in a recent Q&A session with employees that it’s too late for the semiconductor firm to catch up to Nvidia in AI.

“On training, I think it is too late for us,” – Tan noted, adding INTC doesn’t even have a spot on the list of “top 10 semi companies” in the world in 2025.

At the time of writing, Intel stock is down some 15% versus its year-to-date high in mid-February.

Intel stock is not out of the AI race

According to Tan’s remarks leaked via OregonTech, Intel is no longer chasing Nvidia in the data centre race as the battle has already been lost.

Instead, the chip firm is now turning its focus to edge AI. INTC sees it as a more attainable frontier – especially as demand grows for AI-enabled PCs, industrial sensors, and embedded systems.

Tan also highlighted agentic AI, systems that act autonomously without constant human input, as a key growth area. This emerging field could reshape how devices interact with users, from smart assistants to autonomous robotics.

Intel plans to invest in talent and infrastructure to support this shift, with Tan teasing upcoming high-level hires: “Stay tuned. A few more people are coming on board.”

Note that INTC shares are currently down more than 35% versus their 52-week high.

INTC shares to benefit from cost cuts

Intel’s manufacturing struggles have compounded its AI shortcomings. Once proud of its vertical integration, the company now outsources roughly 30% of its chip production to TSMC.

Its flagship 18A node, once touted as a comeback vehicle, is now being reconsidered in favor of the more promising 14A process. Analysts warn that billions in capital expenditures may be written off if Intel shelves external 18A volumes.

Tan’s leadership marks a departure from his predecessor’s expansive IDM 2.0 strategy.

Instead of competing on all fronts, Tan is streamlining operations, cutting costs, and laying off thousands globally. The goal is to focus on what Intel can do well, starting with AI at the edge, not the cloud.

For now, though, Wall Street rates Intel shares at “hold” only.

Intel needs time to regain momentum

Despite the bleak outlook, Tan remains cautiously optimistic. He’s called Intel’s turnaround a “marathon,” not a sprint, and emphasized the need for cultural transformation.

“We need to be humble,” he told employees, urging the company to listen more closely to market demands.

Whether Intel can regain its footing remains uncertain. But one thing is clear: the company is no longer pretending to lead the AI race. Instead, it’s recalibrating – hoping that by shifting its focus and shedding legacy baggage, it can carve out a meaningful role in the next chapter of computing.

That said, Intel likely has a long road ahead, which is why analysts’ mean target of $21.50 on INTC stock indicates potential downside of nearly 9.0% from here.

The post Is it too late for Intel stock to catch up in AI? It’s CEO thinks so appeared first on Invezz

A preliminary report into the devastating crash of an Air India Boeing 787 Dreamliner in Ahmedabad has revealed that both engines lost power seconds after takeoff due to an abrupt cutoff in fuel supply.

The finding, released by India’s Aircraft Accident Investigation Bureau (AAIB), sheds new light on the final moments of flight AI 171, which crashed on June 12, killing 241 people on board and 19 on the ground.

30 seconds from takeoff to disaster

According to the AAIB, the aircraft reached a speed of 180 knots shortly after leaving the runway.

Within seconds, the fuel control switches for both engines were moved from their normal “run” position to “cutoff,” starving the engines of fuel and causing a total loss of thrust.

Cockpit voice recordings captured one pilot asking the other, “Why did you cut off?” to which the second pilot replied, “I didn’t”.

The confusion in the cockpit was followed by frantic attempts to restore power.

About 10 seconds after the cutoff, the pilots moved the switches back to “run” and successfully relit both engines. However, only one engine responded fully, while the other failed to build up enough power to sustain flight.

A distress call—“mayday, mayday, mayday”—was issued just moments before the aircraft lost altitude and crashed into a densely populated district, striking a medical college hostel and erupting in flames.

No immediate fault found with Boeing or GE engines

The AAIB’s report emphasised that, at this stage, there is no evidence pointing to a design or manufacturing fault with the Boeing 787-8 aircraft or its GE GEnx-1B engines.

“At this stage of investigation, there are no recommended actions to B787-8 and/or GE GEnx-1B engine operators and manufacturers,” the report stated.

The investigation is focusing on why the fuel switches were moved to the cutoff.

The switches are equipped with safety mechanisms to prevent accidental activation, and the report notes that a 2018 FAA airworthiness bulletin warned of the possibility of inadvertent movement of these switches on Boeing aircraft, including the 787.

However, inspection for this potential fault was never made mandatory, and the Air India jet had not been checked for it.

Investigators probe pilot actions and experience

With no immediate technical fault identified, investigators are examining the actions of the flight crew.

The aircraft was under the command of Captain Sumeet Sabharwal and First Officer Clive Kunder, who had 8,200 and 1,100 hours of experience on the 787, respectively.

The probe will review their backgrounds, training, and the sequence of events in the cockpit.

Aerospace engineer and former fighter pilot Bjorn Fehrm commented on the unusual delay in returning the switches to the “run” position, stating, “I would never, ever wait 10 seconds to put them on again. I would put them on in a jiffy.”

India’s deadliest aviation disaster in decades

The crash of flight AI 171 is the worst aviation disaster in India in more than a decade and marks the first complete hull loss of a Boeing 787 Dreamliner globally.

The aircraft was bound for London Gatwick and was fully loaded with fuel.

Only one of the 242 people on board survived, and the crash claimed additional lives on the ground.

Eyewitnesses and video footage showed the plane taking off normally before suddenly losing altitude and crashing just outside the airport perimeter.

The Ram Air Turbine (RAT), an emergency device that deploys during total power loss, was activated, further confirming the complete loss of engine thrust.

Investigation continues amid unanswered questions

The AAIB’s preliminary report is based on data from the cockpit voice recorder, digital flight data recorder, and evidence from the crash site.

The investigation will continue for several months, examining additional records, maintenance logs, and possible mechanical or human factors that might explain the fuel cutoff.

Boeing and GE Aerospace have not been implicated at this stage, and the National Transportation Safety Board (NTSB) has referred all inquiries to Indian authorities.

Air India, now under Tata Group ownership, has not issued a detailed statement as the probe continues.

Key findings from the preliminary report

Key event Details
Takeoff speed 180 knots reached before cutoff
Fuel cutoff Both engine switches moved to “cutoff” within 1 second of each other
Pilot confusion Cockpit voice: “Why did you cut off?” “I didn’t.”
Engine relight attempt Both switches moved back to “run” after ~10 seconds
Engine response One engine relit fully, the other failed to regain thrust
Crash timeline Aircraft airborne for 30-32 seconds before crashing
Mayday call Issued seconds before impact
Fatalities 241 on board, 19 on ground
Aircraft type Boeing 787-8 Dreamliner (first total loss of type)
Current focus Why fuel switches moved to cutoff; pilot actions; possible system issue

Aviation safety and regulatory implications

The findings have raised concerns about cockpit ergonomics and the possibility of inadvertent switch movement.

The 2018 FAA bulletin regarding fuel switch locking mechanisms is now under renewed scrutiny, but no regulatory action has yet been taken.

The AAIB will continue to analyse whether human error, mechanical failure, or a combination of factors led to the tragedy.

The preliminary report on the Air India Boeing 787 crash indicates that a sudden and unexplained fuel cutoff to both engines was the immediate cause of the disaster.

With no evidence of sabotage or technical defect so far, the focus remains on the cockpit actions and the design of the fuel control system.

The world’s aviation community awaits the final report, which will seek to answer the lingering questions behind one of India’s most tragic air disasters.

The post Air India Boeing 787 crash: preliminary report shows what really happened appeared first on Invezz

JPMorgan Chase & Co. is evaluating changes to the structure of its widely tracked emerging-market bond benchmark that could reduce the influence of some of the largest sovereign debt issuers, including China and India.

According to documents reviewed by Bloomberg, the Wall Street bank has proposed lowering the maximum weight of individual countries in its GBI-EM Global Diversified index from 10% to 8.5%.

This flagship index is the benchmark for over $200 billion in funds and tracks local-currency sovereign bonds from developing nations.

A potential reduction in the weight of major issuers like China and India could allow smaller or higher-yielding emerging market economies to gain more representation, which may lead to higher overall yields and risk in the benchmark.

While the change is still under consultation and not yet finalized, JPMorgan has been actively seeking client feedback.

The bank has explored similar adjustments in the past.

In a previous consultation last year, a methodology change was considered that would have cut China’s index share to around 6%. That proposal was eventually withdrawn.

Potential winners and losers in a shifted allocation

If implemented, the proposed changes would reduce the index weightings of the largest bond issuers in the emerging market universe.

This includes China, India, Indonesia, Mexico, and Malaysia. Countries like Brazil, South Africa, Poland, and Colombia stand to gain the most from the reallocation, said the Bloomberg report.

By reducing the cap on individual countries, JPMorgan’s goal appears to be greater diversification across its emerging-market benchmark.

A shift in composition could redirect investment flows, particularly from passive funds that track the index closely.

The reallocation could also enhance returns for investors by increasing exposure to nations with higher interest rates, albeit with accompanying higher credit and currency risk.

JPMorgan has declined to comment.

New frontier markets index

In addition to reweighting the GBI-EM index, JPMorgan is also considering expanding its offerings with a new frontier local markets index.

The proposed gauge would span 21 markets and include debt denominated in 20 different currencies.

According to the documents, the frontier index would encompass approximately $344 billion in eligible bonds across 521 securities.

This move appears to be part of JPMorgan’s broader effort to provide more targeted exposure across the diverse and evolving spectrum of developing economies.

As interest in frontier and emerging markets grows amid a global search for yield, such benchmarks serve as critical tools for asset managers.

Chinese and Indian bonds were added to JPMorgan’s indexes in 2020 and 2024, respectively.

Any revision to their weightings would reflect both evolving market dynamics and investor sentiment toward geopolitical, economic, and monetary developments in those countries.

While no final decisions have been made, JPMorgan’s proposed changes could significantly alter the landscape for emerging-market debt investing.

The post JPMorgan planning to cut China and India weights in EM bond index: report appeared first on Invezz

Jane Birkin’s famous Hermès bag became the first handbag to be sold above $10 million after it was auctioned at Sotheby’s in Paris.

The auction marks a new milestone in the world of fashion as it becomes the most expensive handbag ever sold. Collectors and observers of fashion for days now have been left astounded by this spend.

However, this isn’t the first handbag in history to be sold at auction. The question many are left to wonder is what was so special about this particular purse that it sold for such an outrageous amount?

Jane Birkin’s singular origin story

What truly makes this bag exceptional is its story.

In 1984, American actress and singer Jane Birkin was sitting next to Air France’s Hermès CEO Jean-Louis Dumas.

During the exchange, Birkin complained about the difficulty she faced locating a sufficiently stylish and practical handbag for her busy life as a young mother.

That remark seemed to have inspired Dumas because it prompted him to reach for an airplane sickness bag to sketch out a concept right there and then.

And thus the first Birkin bag was created exclusively for her.

This very first piece wasn’t even made to order because it had her initials as well as an exclusive non-removable shoulder strap, features that define it as unmistakably one-of-a-kind in contrast with the subsequent versions.

The Birkin bag is, over the years, much more than a mere accessory, it’s a luxury, craftsmanship, and status symbol worldwide.

Its rarity and careful craftsmanship made it one of the world’s most coveted fashion pieces. While an average Birkin can retail for more than $10,000, special editions have sold as high as $450,000 at auction.

Nevertheless, nothing is quite like the original, the one that began it all.

Not only did it inspire an entire legacy of design, but it also became a cultural icon in its own right.

Record breaking price

The auction was nothing short of dramatic. It kicked off at €1 million, but the bidding escalated almost instantly, far surpassing expectations.

Phone bidders from around the world battled it out in a tense back-and-forth that lasted over 10 minutes.

In the end, a private collector from Japan placed the winning bid: €8.6 million, or about $10.1 million.

To put that into perspective, the previous record for a handbag at auction was $450,000 for a rare Himalaya Crocodile Birkin.

This sale didn’t just break that record, it obliterated it, setting a whole new standard in the luxury market.

The enthusiasts claim that the original Birkin is significant for reasons that go well beyond its materials or craftsmanship.

It marks a turning point in fashion history, born from an unexpected collaboration between a cultural icon and one of the world’s most prestigious luxury houses, they added.

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