Following the most recent Russian attack on the eastern Ukrainian city, a Kharkiv residential area is now in severe damage. A 28-day-old baby, according to officials, was among the at least 37 injured. The attack comes one day after the most recent failed negotiation between the two parties.
Following its earnings report, the Fort Worth, Texas-based carrier said consumer spending is being hampered by the general economic uncertainty. It also provided a wide range for its full-year forecast on Thursday. Financial guidance for the airline had been suspended in April.
According to the airline, it anticipates a 20 cent per share loss to an 80 cent per share profit in 2025. Compared to analysts’ consensus of 61 cents per share, the forecast’s midpoint is 30 cents per share, according to LSEG data.
American, which makes up more than two-thirds of its passenger revenue from the domestic market, predicted to reach the top of its forecast if domestic demand increases. However, it only anticipates being at the bottom of the forecast if the economy deteriorates.
On an earnings call, CEO Robert Isom stated to analysts that the domestic network has been put under pressure due to the uncertainty in the economy and the reluctance of domestic passengers to travel.
American reported that its bookings decreased in July as a result of a weak domestic travel demand. However, Isom claimed that the performance is anticipated to increase in August and September sequentially.
He said, “We anticipate that July will be the low point.”
The company anticipates that the third quarter’s domestic unit revenue, or the revenue generated by each seat, will remain lower than expected. Operating costs for non-essential goods are thought to have increased by up to 4.5 percent in the September quarter.
According to LSEG’s data, American anticipates an adjusted loss per share in the range of 10 cents to 60 cents in the third quarter, compared to analysts’ predictions of a loss of 7 cents.
The company’s outlook contrasts with that of its rivals United Airlines and Delta, who have optimistic outlooks. Alaska Air Group has also reported improved pricing and passenger traffic.
Since President Donald Trump’s trade war left the industry in the most uncertain shape since the COVID-19 pandemic, the majority of US airlines withdrew their financial forecasts in April. Some people have reined their expectations, but there is still uncertainty about how the economy will fare in a constantly changing tariff landscape.
Budget travelers approach their plans with caution, which hurts carriers that primarily serve the US domestic market and price-sensitive customers, as demand has remained low in the domestic travel market.
Even the summer, which is typically the airline industry’s busiest season, is slipping this year because of the low demand for standard economy seats.
Southwest Airlines, the largest domestic airline in the US, lost ground due to it in the second quarter.
The domestic market at American experienced the weakest results in the second quarter, with unit sales falling by 6.4 percent from the same period last year. The transatlantic market saw a 5% annual increase in the company’s unit revenue, which increased.
According to the ruling body, the WBO has started discussions about a fight between Oleksandr Usyk, the organization’s interim heavyweight champion, and Joseph Parker, the organization’s interim heavyweight champion.
The WBO will start a purse bid if the parties don’t come to terms for a mandatory defense of Usyk’s title within 30 days.
Any of the parties may request purse bid proceedings at any time during the course of negotiations, the WBO said in a statement on Thursday. “The minimum bid in the Heavyweight division is one million dollars.
Usyk has won the WBO belt from Anthony Joshua and the WBA and IBF titles since 2021, and he has defended it four times while also defending it from Tyson Fury, who became the unified champion.
The undefeated Ukrainian vacated the IBF belt last year by choosing a rematch with Fury over the interim champion Daniel Dubois, who was sanctioned by the organization, which he unanimously won in December.
On Saturday, Usyk, 38, defeated Dubois to reclaim the IBF belt and undisputed status.
The Brazilian Supreme Court has confirmed it has no plans to take former President Jair Bolsonaro into custody for now, after it warned earlier this week he could be arrested for a potential violation of a social media ban.
On Thursday, Justice Alexandre de Moraes described the incident as “isolated” and opted against an arrest warrant.
De Moraes has overseen a case into whether Bolsonaro, a popular far-right figure, attempted a coup against the government of current President Luiz Inacio Lula da Silva, following his defeat in the 2022 presidential election.
The case has been a flashpoint in national and international politics, with Bolsonaro’s supporters — among them, United States President Donald Trump — calling the prosecution politically motivated.
Bolsonaro has long denied orchestrating a scheme to retain power after his four-year term came to a close in 2023.
But prosecutors have accused the former president and his allies of scheming to topple Lula’s incoming government by undermining confidence in the vote, declaring a state of emergency to suspend the government’s functions, and ultimately holding a new election.
Bolsonaro never publicly acknowledged his loss in 2022, and he left the country at the end of his term rather than hand over power to Lula.
His supporters, meanwhile, stormed police headquarters in the capital, blocked highways, and eventually ransacked government buildings representing the presidency, Congress and the Supreme Court, in an apparent attempt to spark a military uprising.
In June, Bolsonaro testified for the first time in the case, forcefully rejecting the allegations against him: “There was never any talk of a coup”.
Prosecutors, meanwhile, have pointed to testimony indicating that Bolsonaro had received and edited a draft from his allies for the declaration of emergency. They say Bolsonaro even had a speech prepared to announce the alleged coup.
The high-stakes trial has prompted a backlash from Trump, who threatened to impose 50 percent tariffs on Brazilian imports to the US, starting on August 1, to force an end to the prosecution.
In a letter announcing the tariffs, Trump called the proceedings “an international disgrace” and compared his myriad legal woes to Bolsonaro’s.
“This trial should not be taking place”, Trump wrote. “It is a Witch Hunt that should end IMMEDIATELY”!
Justice de Moraes cited international pressure as he imposed a suite of restrictions last Friday to cut off Bolsonaro’s interactions with foreign officials and curtail his movements.
Already, Bolsonaro’s passport had been confiscated, for fear he might be a flight risk. But to prevent him from fleeing abroad, de Moraes ruled that Bolsonaro should be placed under house arrest on nights and weekends.
In addition, the justice decided that Bolsonaro needed to wear an ankle monitor and cease posting to social media, in addition to severing contact with foreign governments.
Bolsonaro has since made media appearances to flaunt his ankle monitor and criticize the Supreme Court’s decisions, which have been widely shared on social media.
Bolsonaro referred to his ankle monitor as “a sign of the utmost humiliation.”
De Moraes accused Bolsonaro of giving a speech that was intended to be broadcast on “digital platforms” and questioned whether it might have violated the ban he had in place.
He warned Bolsonaro’s attorneys that a violation could lead to his arrest and gave them a 24-hour window to respond to his concerns.
In response, Bolsonaro’s defense team disputed the breach and demanded more information about its scope. Bolsonaro’s use of third parties to spread his message was restricted by the ban, but it was not clear whether that included news media.
In a final decision made on Friday, de Moraes warned that any future violations of his restrictions would lead to his arrest.
United Kingdom lawmaker Jeremy Corbyn has announced he is launching a new political party to run to the left of the Labour party that he previously led.
On Thursday, Corbyn and Member of Parliament Zarah Sultana, who both became independents after leaving Labour, announced the new party, which did not yet have an officially registered name but was temporarily dubbed “Your Party” on its website.
In a joint statement, they said it was “time for a new kind of political party” focused on righting social injustices and combating a “rigged” system.
“The system is rigged when the government says there is no money for the poor, but billions for war,” the statement said, envisioning a party “rooted in our communities, trade unions and social movements”.
It further laid out broad policy objectives, including “mass redistribution of wealth and power” and a commitment to a “free and independent Palestine”.
It’s time for a new kind of political party – one that belongs to you.
Sign up at https://t.co/0bhBHhWvVa. pic.twitter.com/UwjHBf4nZQ
The statement called on supporters to sign up to “be part of the founding process”, adding that an inaugural conference would be held to determine the party’s structure of leadership, direction and policies.
While the timeline of the party’s launch was not immediately clear, the announcement comes when Labour leader Keir Starmer has been haemorrhaging support after his party ended nearly two decades of Conservative rule in last year’s July general election.
Starmer has faced particular criticism for failing to unify his party behind signature legislation seeking to pare down the country’s welfare spending. In the end, Starmer passed a softened version of the bill, later suspending a handful of the Labour rebels who led opposition to the proposed cuts.
Starmer has also faced pressure to more firmly reset ties with Israel amid its war on Gaza and to recognise a Palestinian state.
The 76-year-old Corbyn, who took control of the opposition Labour party in 2015, had stepped down as leader after a trouncing by the Conservatives in the 2019 general election.
The Labour party under Starmer then suspended Corbyn in 2020 after he refused to fully accept the findings of a probe into claims that anti-Semitism had become rampant within Labour’s ranks under his leadership.
Corbyn maintained that anti-Semitism had been “dramatically overstated for political reasons”.
The avowed socialist, who was one of the most left-wing Labour party leaders in decades, ran as an independent in last year’s general election, winning his Islington North seat handily.
Sultana, meanwhile, has been a member of parliament for six years, and had been a member of Labour’s young, left-leaning flank.
She was also suspended from the party in 2024, after she broke from the party in her opposition to a cap on benefits for parents with more than two children.
In a post on X on Thursday, Sultana addressed the naming of the new party, which has generated some confusion.
New York City-based Columbia University has agreed to pay $221m to settle claims by US President Donald Trump’s administration that it failed to curb anti-Semitism on campus, in exchange for the reinstatement of billions of dollars in federal funding.
The deal, agreed on Wednesday, comes after sweeping university campus protests against Israel’s war in Gaza during the spring and summer of 2024 and this year were criticised as veering into anti-Semitism.
In February, the government cut $400m in federal research funding for Columbia in a bid to force its administrators to respond to alleged harassment of Jewish students and faculty.
The unprecedented agreement marks a victory in Trump’s efforts to exert greater control over higher education, including campus activism, and could offer a framework for future deals with other universities.
Columbia has agreed to pay $200m to the government over three years, as well as making a separate $21m payment to settle claims by the Equal Employment Opportunity Commission.
In exchange, the “vast majority” of the frozen $400m in federal funding will be reinstated, the university said. Columbia will also regain access to billions of dollars’ worth of current and future grants under the deal.
Columbia is required, within 30 days, to appoint an administrator who will report to the university president and will be responsible for overseeing the deal’s compliance. This includes verifying that the institution ends programmes that promote “unlawful efforts to achieve race-based outcomes, quotas [and] diversity targets”.
Additionally, Columbia must review its Middle East curriculum to make sure it is “comprehensive and balanced” and appoint new faculty staff to its Institute for Israel and Jewish Studies.
Columbia said the agreement establishes Bart Schwartz, of the compliance firm Guidepost Solutions, as an independent monitor who will report to the government on its progress every six months.
The university will be expected to compile a report for the monitor to ensure its programmes “do not promote unlawful DEI [diversity, equity, and inclusion] goals”.
Columbia said the agreement formalises already-announced reforms to address harassment of Jewish students and staff, including the hiring of additional public safety personnel, changes to disciplinary processes, and efforts to foster “an inclusive and respectful learning environment”.
The dispute between Columbia and the Trump administration began after Jewish students and faculty complained of harassment on campus by pro-Palestine demonstrators, while pro-Palestinian advocates accused critics of often wrongly conflating opposition to Israel with the hatred of Jews.
Columbia’s acting president, Claire Shipman, said the agreement marked “an important step forward after a period of sustained federal scrutiny and institutional uncertainty”.
“The settlement was carefully crafted to protect the values that define us and allow our essential research partnership with the federal government to get back on track. Importantly, it safeguards our independence, a critical condition for academic excellence and scholarly exploration, work that is vital to the public interest,” she added.
Trump hailed the settlement as “historic” in a post on his Truth Social platform. “Numerous other Higher Education Institutions that have hurt so many, and been so unfair and unjust, and have wrongly spent federal money, much of it from our government, are upcoming,” he wrote.
Student activist group Columbia University Apartheid Divest (CUAD) slammed the settlement as “a bribe”. “Imagine selling your students out just so you can pay Trump $221 million dollars and keep funding genocide,” the group wrote on X.
It added that Columbia’s disciplinary action against students, including suspensions and expulsions, this week was a punishment that “hugely” exceeded the precedent for non-Palestine-related demonstrations.
Non-governmental organisation Palestine Legal accused Columbia of “weaponising claims of antisemitism to punish those calling for freedom for Palestinians”.
“It is clear that Columbia’s desire to create a community ‘where all feel welcome’ doesn’t extend to students who call for an end to Israel’s genocide,” the group posted on X.
Hasan Piker, a left-wing activist, political commentator and a critic of Trump, said the US president was “underwater on everything and Columbia is still caving to Trump on everything”, adding “it seems like some of these institutions were looking for the pretext to go right”.
In March, Columbia agreed to a list of demands laid down by Trump in return for negotiations to reinstate its $400m federal funding, which he had revoked a month before, citing “a failure to protect Jewish students from antisemitic harassment”.
Among other concessions, the university agreed to ban face mask coverings during protests, as well as to install 36 campus police officers with special powers to arrest students.
Earlier this month, Columbia adopted a controversial definition of anti-Semitism drafted by the International Holocaust Remembrance Alliance (IHRA), which has been criticised for what some say is conflating criticism of the state of Israel and Zionism with anti-Semitism.
Critics have warned that the definition could be used to stifle dissent and curb academic freedom. In a letter sent to the United Nations in 2023, 60 human and civil rights organisations said the definition should not be used.
“The IHRA definition has often been used to wrongly label criticism of Israel as antisemitic, and thus chill and sometimes suppress, non-violent protest, activism and speech critical of Israel and/or Zionism, including in the US and Europe,” they wrote.
On Tuesday, Columbia also announced it would suspend, expel or revoke degrees for nearly 80 students who participated in a Butler Library demonstration on its campus on May 7, 2025 and a “Revolt for Rafah” encampment on May 31, 2024 during the university’s annual alumni weekend.
During protests, students demanded that the university’s $14.8bn endowment stop investing in weapons makers and other companies that support Israel.
Protest organiser and former student Mahmoud Khalil, 29, was the first person to be detained during the Trump administration’s push to deport pro-Palestinian activists who are not US citizens.
The school also said it would no longer engage with pro-Palestinian group CUAD.
The Trump administration is focusing attention on 10 universities that it deems noteworthy in its campaign to root out anti-Semitism. These are Columbia; George Washington University; Harvard; Johns Hopkins University; New York University; Northwestern; the University of California, Berkeley; the University of California, Los Angeles; the University of Minnesota; and the University of Southern California.
Columbia University was the first college to see its funding slashed, but several Ivy League schools have been subjected to or threatened with funding cuts since Trump took office in January 2024.
More than $2bn in total was frozen for Cornell, Northwestern, Brown and Princeton universities.
In April, the administration also threatened to freeze $510m in grants to Brown University over alleged violations “relating to antisemitic harassment and discrimination”.
Harvard University was the first – and has so far been the only – major higher education institution to defy Trump’s demands and fight back in federal court.
This week, it argued in federal court that the Trump administration had illegally cut $2.6bn in funding in what were politically motivated attempts to reshape the institution.
Some universities are also believed to be in talks with the Trump administration, so more deals could be forthcoming.
In particular, US news outlets have reported that officials from the Trump administration and Harvard are continuing negotiations, despite the court case brought by Harvard.