Reuters (April 20)
“A month after the London Metal Exchange (LME) suspended nickel transactions and cancelled trades amid an epic short squeeze, the Bank of England, the Financial Conduct Authority and the LME itself have launched reviews into what went wrong. They will need to substantially strengthen the world’s premier metal trading venue if it is to survive likely future turbulence.”
Tags: BOE, Cancelled, Financial Conduct Authority, LME, Metal, Nickel, Reviews, Short squeeze, Suspended, Trades, Transactions, Turbulence
The Independent (August 25)
On Sunday, British Airways should have been celebrating 100 years of flight, instead BA was experiencing “one of the worst weekends in its 21st-century history.” When the Pilots’ Association called three days of strikes, “the airline told tens of thousands of passengers that their flights were cancelled–only to admit many of the messages were sent in error” because the wrong date range was used in sending the alerts.
Tags: BA, Cancelled, Date, Error, Flights, Passengers, Pilots’ Association, Strikes, Wrong
LA Times (August 8)
“Delta’s computer outage highlights the airline industry’s vulnerability.” On Monday, over 650 flights were cancelled and over 2,000 delayed when Delta’s system went down. These massive failures are becoming more common amidst airline consolidation and expansive systems. “Experts have blamed the rash of outages on massive, interconnected computer systems that lack sufficient staff and financial backing.”
Tags: Airlines. Vulnerability, Cancelled, Computer, Consolidation, Delayed, Delta, Flights, Outage
