Topic
covid
Logistics United Airlines Cargo Revenue Surges 23% on High Yields, Pandemic-Level Volumes Amid Iran Conflict
United Airlines reported a 22.6% increase in cargo revenue to $527 million in Q2 2026, driven by a sharp rise in air cargo rates related to disruptions from the Iran war. The carrier transported nearly 347 million pounds of cargo, the most for the period since the pandemic, as spot rates surged 35-40% year-over-year. Andrew Nocella, Chief Commercial Officer, attributed gains mainly to yields and expects the trend to continue into Q3.
PPE Failures Left NHS Staff Poorly Protected and Wasted Billions, Covid Inquiry Finds
The UK Covid-19 inquiry found that NHS staff and patients were put at risk due to inadequate personal protective equipment (PPE), with a 'vast amount' of taxpayers' money wasted — nearly £10bn of the £14.9bn spent by the UK and devolved governments. The inquiry also criticised the 'VIP lane' for prioritising politically-connected suppliers, though it found no evidence of cronyism or corruption.
Commodities Oil prices set for biggest quarterly drop since Covid as markets watch uncertain US-Iran talks
Oil prices are heading for their largest quarterly decline since the Covid-19 pandemic, with Brent and WTI falling around 20% in June. Uncertainty over US-Iran negotiations and a fragile June 17 agreement to secure shipping through the Strait of Hormuz have weighed on markets. Morgan Stanley lowered its 2027 Brent forecast, citing rising OECD inventories and an implied surplus of 4.8 million barrels per day.