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Pilot error, ejection seat malfunction implicated in June F-16 crash

Pilot error, ejection seat malfunction implicated in June F-16 crash

Business
Nov. 10 (UPI) -- Pilot error and a series of ejection seat malfunctions led to the death of an F-16CM pilot at Shaw Air Force Base In June, according to an accident report released this week by Air Combat Command. According to the report, 1st Lt. David Schmitz's ejection seat malfunctioned and his parachute never deployed, causing his death after his aircraft struck a localizer antenna array while landing the plane. Advertisement Schmitz, 32, died instantly on impacting the ground, the report said. He was conducting a nighttime mission qualification training flight that would include his first ever attempts at air-to-air refueling -- but the air-to-air refueling attempt failed, cutting the mission short. As Schmitz returned to Shaw AFB, the collision with the antenna array damaged the le...
Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank

Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank

Finance
MUMBAI:Axis Bank on Tuesday said there was an uptick in the number of borrowers who opted for loan moratoriums after June and emphasised that the lender will be "judicious" in restructuring borrowings under the new rules. About Non-Performing Assets (NPAs), the bank's Chief Executive Officer and Managing Director Amitabh Chaudhry said its stress tests are now showing lower slippages across any scenario than earlier. "The 9.7 (per cent) was the number as of June 30. Obviously over a period of time some more customers do ask for moratorium, so I can definitely say that the number has gone up a little bit rather than coming down, which has happened for everyone," Chaudhry told in an interview. The chief of the country's third largest private sector lender was responding to a query on the qu...
Glastonbury 2021 ‘aims to be back in June’, Emily Eavis says

Glastonbury 2021 ‘aims to be back in June’, Emily Eavis says

Entertainment
Glastonbury organisers aim to have the festival back in June, Emily Eavis has said.The co-organiser of the event said on Twitter that despite rumours, next year's festival was not moving to September.Founder Michael Eavis had previously said the fate of the 2021 event was uncertain as this year's festival was cancelled because of coronavirus.His daughter Emily said: "We're still very much aiming for June."The 2020 festival would have been a 50th anniversary celebration and 135,000 music fans who bought tickets will be able to use them next summer. "For those who have been asking, we have no plans to move next year's Glastonbury to September 2021 - we're still very much a...
Retail sales near pre-lockdown levels in June

Retail sales near pre-lockdown levels in June

Business
UK retail sales were near pre-lockdown levels in June, as the reopening of shops released pent-up demand.The amount of goods sold last month increased by 13.9% from May, said the Office for National Statistics (ONS).But the rise masked "big changes" in retail, with food and online sales up, while clothing was still "struggling".Online sales continued to go "from strength to strength", the ONS said, accounting for £3 out of every £10 spent by consumers.Demand at food stores remained strong, hitting new highs for the lockdown period.Compared with February, the volume of food sales was 5.3% higher while non-store retailing grew by 53.6%.The rise followed record falls in April and a partial recovery in May as the coronavirus pandemic led to widespread shop cl...
Number of COVID-19 cases among military service members doubled in June

Number of COVID-19 cases among military service members doubled in June

Business
July 2 (UPI) -- The number of cases of coronavirus among active-duty military personnel has more than doubled in the past three weeks, according to information published by the Department of Defense. As of Wednesday, 6,493 U.S. service members currently have the virus -- up from 2,807 on June 10. Advertisement The number of cumulative cases listed on the departments's website Thursday was 12,521, up from 6,864 cumulative cases on June 3. The Army has surpassed the Navy in terms of the number of cases, with 3,836 as of Thursday, compared to 3,662. COVID-19 has claimed the lives of three service members since the pandemic began. According to Johns Hopkins University's running totals, there have been at least 2.7 million cases of COVID-19 in the United States, with 128,651 deaths. Pentagon o...