World Gold Council reiterates that fundamentals for the metal remain strong despite record high prices
The Federal Aviation Administration is lifting a ground stop on flights across the US following a computer outage early Wednesday that resulted in thousands of delays quickly cascading through the system at airports nationwide.
Earlier in the morning the FAA ordered all US flights to delay departures until at least 9 am Eastern time. Due to heavy congestion, the FAA cleared flights to depart at Newark Liberty and Atlanta Hartsfield-Jackson airport. The agency said that normal air traffic operations were resuming gradually across the U.S. following the outage.
More than 3,700 flights were delayed and more than 640 were cancelled early in the day.
The FAA said that it continues to look into the cause of the initial problem.
While the White House initially said that there is no evidence of a cyberattack, President Joe Biden said “we don’t know”, and told reporters he’s directed the Department of Transportation to investigate the cause of the disruption.
Biden addressed the FAA issue Wednesday before leaving the White House to accompany his wife to a medical procedure at Walter Reed National Military Medical Center outside of Washington. He said he had just been briefed by Transportation Secretary Pete Buttigieg, who told him they still had not identified what went wrong.
“I just spoke to Buttigieg. They don’t know what the cause is. But I was on the phone with him about 10 minutes," Biden said. "I told him to report directly to me when they find out. Air traffic can still land safely, just not take off right now. We don’t know what the cause of it is.”
The FBI did not immediately respond to a request seeking comment.
ALSO READ:
World Gold Council reiterates that fundamentals for the metal remain strong despite record high prices
The world’s most populous nation expects 10 to 20 heatwave days
The South Asian nation is seeking a long-term bailout from the International Monetary Fund
Dubai in particular is seen as an increasingly attractive market
Almost every sector of the economy has been affected
On June 1, 2023, the emirate's flagship carrier unveiled a closed loop recycling initiative to transition to the principles of a circular economy
Frankfurt-based institution has left its key rates unchanged since October 2023
Grupo Financiero Galicia to buy the business for $550 million