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Total cost of ownership for a used 2021 Tesla Model Y over 10 years compared with Toyota RAV4 and BMW shows Tesla’s outstanding value! I’ve written before on total cost of ownership ( most recently about 2 years ago ), but this article will be more personal. This won’t work for everyone, but this is just my personal plan. Even though I think Tesla will solve Full Self Driving (FSD) in the next 10 years, and that changes things dramatically, for the sake of this article, I will assume they don’t solve it. This will cover insurance, maintenance, repairs, taxes, financing, depreciation, & fuel. I will also assume no inflation or incentive changes for the next 10 years. Not realistic, but it’s too hard to predict these things. I’m going to assume we start with a 2021 Tesla Model Y Long Range with 40,000 miles and plan to put on 10,000 miles a year for 10 years. Insurance varies widely based on your state, mileage, and coverage desired. I do have some experience with Tesla Insurance, and it is priced aggressively in Colorado. It is especially a good deal if you are a young driver who is willing to drive carefully to save money. I’m just going to assume $1,200 a year for this article. Tesla vehicles are a little more expensive to insure than a typical Toyota or Honda due to the number of sensors they have and some other factors I discussed in this article about a minor accident I was in and the different estimates I received to fix the car . I’ve owned electric cars for 12 years, and there really is very little scheduled maintenance on a Tesla. Here is Tesla’s official page for maintenance on the Model Y. Basically, it is wiper blades, washer fluid, and cabin air filters every other year. $200 every other year should cover that, even having someone else replacing the cabin air filter (which I have done twice, but it is a little tricky and needs a couple special tools). Plus, rotating tires every 6,250 miles is about $50 a year. I monitor the brake fluid to ensure there is no water in it, either using strips I purchased on Amazon or using an electronic tester . I’ll assume I have to replace the brake fluid every 4 years at $200. Now, they do recommend replacing the A/C desiccant bag every 4 years. Searching around for a pricing estimate, it looks like that is about $350 from Tesla. I don’t live where they salt the roads, but if I did, that would be an extra $100 a year for the Tesla (or any other car I assume). I don’t have the HEPA filter, but if I did, that would be more money to replace every 3 years. For unscheduled maintenance, there’s the 12V battery replacement, wheel alignments, and the big one is tire replacement. A 12V battery should be about $200 every 4 years, an alignment every 4 years is about $100, and I plan to get 4 tires from SimpleTire.com for about $800. Radar Dimax tires have excellent ratings and reviews and cost less than half the money of tired from popular brands like Bridgestone and Michelin. I’m planning on buying a 10-year, 100,000-mile zero deductible plan from Xcelerate Auto . They have been an advertiser on CleanTechnica , but I’m not getting any special deal at $4,819. If I sell the car, I have the choice of transferring the contract to the new buyer (likely if it is a private sale) or getting a prorated refund for the amount paid (less any claims paid). I’ll also add $200 a year for items not covered by the warranty. Since I already own the car, the taxes will be incredibly low ($46 a year) instead of the thousands in sales tax I would owe if I was purchasing the car, but I’ll pretend I’m buying the car because that makes it a better article for others to use. The price to buy the car is $29,602 according to Edmunds.com. If my income was lower, I’d make sure I could find one under $25,000 so I could get the $4,000 used EV tax credit. Edmunds shows $2,178 for fees in the first year and $46 for every year after that. That sounds about right, so I’m going with that. Edmunds.com has a 5-year financing cost of $5,763, and that looks reasonable for a 5-year loan. But since I’m proposing to buy a 10-year extended warranty, I need to do my own figures. I used bankrate.com to figure the costs of a 5-year, 7% loan. I found it cost $6,583 for a 5-year loan and them I put zero for the other 5 years. I’m going to use Edmunds figures for the first 5 years, but then use $1,000 a year after that, since I don’t think a Tesla Model Y in perfect working condition (no reason to leave any issues unresolved with a zero deductible warranty) will go any lower than $7,570, even with 140,000 miles and being 12 years old. Having owned several cars that were 1o to 20 years old, that is one of the advantages — they depreciate very little once they get to a price of about $5,000 if they are in great condition. I would expect an electric vehicle with very low running costs to bottom out a little higher than $5,000, but we will see. Since I’m getting solar this month (that will be another article) and don’t take a lot of long trips, I’m going to figure 9,000 miles/3 is 3000 kWh at 5 cents a kWh is $150 plus 1,000 miles from Superchargers would be 333 kWh at 45 cents a kWh or ~$150. So, a total of $300 a year for fuel. The total estimated cost of ownership for 10 years/100,000 miles is only $59,276, or about 60 cents a mile! If you would like to play around with your own figures, here is the link to my workbook — you can view it, or if you sign into your google account, you can make a copy and change any figures you want to change. The Tesla’s second 5 years came out to only 38% of the cost of the first 5 years! The prepaid warranty distorts that a bit. If I distribute the cost of the warranty across the years (reducing the first 5-year costs and inflating the second 5-year cost), the second 5 years comes out to 46% of the first 5 years. This isn’t an apples to apples comparison, since buying a RAV4 for 5 years and then buying another for 5 years incurs some extra costs. Edmunds is also figuring 15,000 miles a year instead of 10,000 miles a year. Having said that, here are the screenshots: First, you would buy a 2021 RAV4 and have a TCO of $47,690 for 5 years. Then, you would have another $41,927 in costs to own it another 5 years. That is a total of $89,617. Let’s subtract the $4,618 in financing, since you already paid off the first car. Let’s also reduce the fuel costs by $6,400 since this is for 150,000 miles instead of 100,000 for the Tesla. Let’s take off $1,500 for sales tax too. So, $89,617 less $4,618 and $6,400 and $1,500 is $77,099. The second 5 years came out to about 61% of the first 5 years. If I wanted to do the opposite and increase the miles on the Tesla to 150,000, I’d have to estimate the repair costs. Xcelerate doesn’t offer that long of a warranty on Tesla vehicles at this time. So, the Toyota RAV4 costs 30% more to own even though it takes almost twice the time to go from 0 to 60 mph and isn’t close to the performance, technology, or luxury of a Tesla. Let’s look at a BMW to see how much that would cost to own. Let’s estimate that the second 5 years is the same 61% of the first 5 years as Toyota’s was, or $58,512. So, the total for 10 years would be $154,434, or nearly 3 times to cost of the Tesla with comparable room and performance and with technology far more advanced. I’ve always tried to keep my cars as long as possible. I’ve had to sell cars in the past because of accidents or expensive repairs. It appears that electric vehicles might last longer than gas and diesel vehicles. I’m nervous about owning one out of warranty since, although I have found my Nissan Leaf and Tesla Model 3 and Y to be very reliable, I have also heard of expensive repairs. That is why the Xcare warranty at about $500 a year makes me much more comfortable owning my Tesla for many more years. You can see from my figures that the used 2021 Tesla Model Y is an outstanding value, and with the availability of a quality extended warranty created by ex-Tesla employees that is designed to work with Tesla Service, it is a safe choice for people to buy. I’ve spoken with the sales advisors and they really understand how Tesla Service works, what items are paid for by the warranty, and what items would be paid for my your auto insurance (if the repair is caused by an accident or vandalism). The ability to own a high-performance luxury crossover for substantially less money than a regular gas Toyota means that Tesla should be able to take a lot of market share from the legacy gas vehicles as more people realize the outstanding value electric vehicles provide. I have recently been contacted by several Republican friends who suddenly think it is okay to buy a Tesla now that Musk has helped their cause. I realize Elon Musk has also offended a great number of people on the left. Of course, most of the people in the middle don’t care about politics, they just want the best car for their hard earned money. If you want to take advantage of my Tesla referral link to get Reward Credits, here’s the link: https://ts.la/paul92237 — but as I have said before, if another owner helped you more, please use their link instead of mine. If you want to learn more about Tesla’s new referral program (August 2024), Chris Boylan has written an excellent article on it . Disclosure: I am a shareholder in Tesla [TSLA], BYD [BYDDY], Nio [NIO], XPeng [XPEV], NextEra Energy [NEP], and several ARK ETFs. But I offer no investment advice of any sort here. CleanTechnica's Comment Policy LinkedIn WhatsApp Facebook Bluesky Email RedditSuper Micro Computer said on Friday it has received an extension from the Nasdaq till Feb. 25 to file its delayed annual and quarterly reports, sending the AI server maker's shares up 5 per cent in extended trading. Last month, Super Micro named BDO USA as its auditor and submitted a compliance plan to the stock exchange to file its annual and quarterly reports, after its listing came under threat when it failed to file its annual report in August. The company in August cited a need to assess "its internal controls over financial reporting" for the delay, a day after Hindenburg Research disclosed a short position. Super Micro said on Friday it expects to file all its required reports by Feb. 25, in order for the stock to remain listed on the Nasdaq. The company's AI servers with liquid cooling technology have been seeing strong demand from enterprises looking for hardware capable of powering artificial intelligence applications. Super Micro on Monday began a search for a new finance chief based on recommendations made by a special committee formed to look into its accounting practices.
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Davina McCall's partner, Michael Douglas, revealed when the presenter will be returning to TV sreens after undergoing brain surgery. The Masked Singer judge recently underwent a gruelling six-hour operation to remove a 14mm benign brain tumour earlier this month, which she discovered during a health scan in the summer while giving a talk for a menopause company. This week, Davina shared a video for the first time since the surgery and admitted it has been "bad" but that she was grateful to be at home with Michael and her stepmum looking after her. Following the operation, Davina explained how she was struggling with her short term memory but remained positive that she can "work on it". In a recent Instagram Live, Michael - who she has dated since 2019 - discussed when the presenter will be returning to our screens, reports the Mirror. Michael said: " She's quite tired at the moment. She sleeps really well at night and goes to bed at ten and has nap in the morning, and sleeps for two or three hours in the afternoon." He further explained: "It's the way your brain heals is by resting. Her body is naturally forcing her to rest... She's off till mid January. She's got a lot of time to relax and recuperate. It's been a very very emotional and quite an incredible experience. We're definitely out of the woods." The diagnosis came as a huge shock to the Masked Singer judge , who admitted she went in for a health scan and thought she was "ace it". Davina made the shock announcement earlier this month and said: "I was offered a health scan which I thought i was going to ace but it turned out i had benign brain tumour," before admitting it was "very rare". “I’m going to be in hospital for about nine days, and then I’m going to be going home, but I’m going to be off my phone for a while," she said. Michael took over her social media to provide fans with updates on her health. She recently returned to her page to thank fans for their support and added: "It’s just really nice to be back home. I’m on the other side. My short term memory is a bit remiss. But that is something that I can work on so I’m really happy about that. I’m writing everything I’m doing to keep myself feeling safe. "I'm being brilliantly looked after by Michael and my mum. I'd quickly like to say big up the stepmums - I don't really say thank you to Gabby [McCall] enough. She's been an amazing rock my whole life. I have a massive dose of vitamin G. When something like this happens I just feel so grateful. I've always been grateful, I've always been lucky in my life. "I feel unbelievably grateful in my life right now, so thanks for everything. I’m on the mend, I'm resting, I'm sleeping loads and I feel really good. I just feel very lucky." Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile , select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you’re curious, you can read our Privacy Notice. Don't miss the latest news from around Scotland and beyond - Sign up to our daily newsletter here.
INDIANAPOLIS — Indiana Pacers guard Tyrese Haliburton looked and sounded more like himself Monday night. He made one 3-pointer after another, found open teammates with nifty passes and, yes, was smiling again. Celebrating a second-straight win certainly helped matters, too. For the usually unflappable two-time All-Star, the bounce back game came as he finally started letting go of his pent-up frustration by speaking freely about what he's learned over the first two months of this NBA season — and why he needs to stop blaming his early season struggles for Indiana's slow start. “Everybody wants to say be happy, have fun. That's hard to do when you're not playing well or you're losing,” Haliburton said after the 114-110 victory over New Orleans. “But differentiating the difference between happiness and joy — I've always had a joy for the game of basketball and love and appreciation for what I do. So I think I just got caught in becoming frustrated with myself and this kind of creeped into like job territory, you know what I mean? That's not me.” Haliburton has displayed an unusual edginess since training camp began in late September. On media day, he talked about disproving the critics who claimed last season's Eastern Conference finals run was more about luck than skill. He also found motivation in being deep on the bench during the U.S. Olympic basketball team's gold-medal winning run. He thought it could propel himself and his team to even greater successes. Instead, a series of injuries have severely thinned the Pacers once-deep roster, Haliburton's shots stopped falling, the losses piled up and suddenly the straight-talking guy who inspired so many with his beaming, trademark smile didn't look or sound like himself. Others noticed. “I've got people sending me clips of how I've looked in the media and how I looked on the court and my body language sucks, my attitude sucks,” Haliburton said. “It's hard to get out of what's going on if you're that way. I've been told my whole life to control what I can control and I can't control if the ball goes in every time. But I can control my body language, I can control my energy and I can control my effort.” RELATED: Haliburton scores 34, delivers key plays in the clutch to send Pacers past Pelicans 114-110 Whether it was the short conversation between Haliburton and All-Star forward Pascal Siakam after Sunday's victory over Washington or something else, Haliburton looked like a different player Monday. He was 12 of 23 from the field, both season highs, made a season best nine 3s and produced his eighth double-double of the season. Haliburton finished with his second-highest point total (34), matched a season-high with 13 assists and made all the big plays down the stretch — the tiebreaking 3-pointer with 3:06 remaining, driving for a layup that gave Indiana a five-point lead and finding Bennedict Mathurin for an alley-oop dunk that brought the crowd to its feet with a minute to play. He believes it's just a start. “I think people look at the Indiana Pacers and they're like ‘Man, their pace is down, the energy of the team isn't very good.' Put that on me," Haliburton said. “That's where I've been, and I got caught up in myself. I think for us to go back to playing Pacers basketball, playing the right way, (it's) how can I internalize whatever I've got going on and then put that into the group and our guys? We've got to get back to having the right energy.” How did Haliburton get to this point? The 24-year-old has shot 45% or better in just five of 18 games this season, and the NBA's defending assists champ has seen that average drop to his lowest point (8.8) since he was traded from Sacramento to Indiana during the 2021-22 season. Plus, the Pacers are 8-10. Yes, Haliburton understands Indiana's early woes are not entirely his fault. Indiana lost two key backup centers, James Wiseman and Isaiah Jackson, with torn Achilles tendons just six games into the season. Starting forward Aaron Nesmith hasn't played since Nov. 1 because of an injured left knee and starting guard Andrew Nembhard hasn't played since Nov. 6 because of a sprained left ankle. But after last season's playoff run, Haliburton is no longer motivated merely making the postseason — something he didn't do at Iowa State or in his first three pro seasons. He wants to win a championship, something he didn't do as a Wisconsin prep star. And Haliburton knows there's only one way to achieve that goal — by being himself. “You guys watch us every game and you wouldn't say right now we're playing with a joy, with a passion, with an energy,” he said. “Our energy is up and down and that starts with me. So I can make that promise — that will be there moving forward. Put that on me because when my energy is good and we're holding each other accountable, things are going to go well. That starts with me at the top and it trickles down to everybody else.”
How to watch Tampa Bay Buccaneers vs. New York Giants: TV channel, streaming infoUnions attack 2.8% Government pay rise proposal for NHS workers and teachers
Government departments are on a collision course with unions unsatisfied with proposals to raise pay for more than a million public sector workers by 2.8% next year. Inflation is predicted to average 2.5% this year and 2.6% next year, according to forecasts from the Office for Budget Responsibility. The British Medical Association said the Government showed a “poor grasp” of unresolved issues from two years of industrial action, and the Royal College of Nursing called the pay recommendation “deeply offensive”. The National Education Union’s chief said teachers were “putting the Government on notice” that the proposed increase “won’t do”. The pay recommendations came after Chancellor Rachel Reeves called for every Government department to cut costs by 5%, as she started work on a sweeping multi-year spending review to be published in 2025. Independent pay review bodies will consider the proposals for pay rises for teachers, NHS workers and senior civil servants. The Department of Health said it viewed 2.8% as a “reasonable amount” to set aside, in its recommendations to the NHS Pay Review Body and the Doctors’ and Dentists’ Remuneration Board remit groups. A 2.8% pay rise for teachers in 2025/26 would “maintain the competitiveness of teachers’ pay despite the challenging financial backdrop the Government is facing”, the Department for Education said. The Cabinet Office also suggested pay increases for senior civil servants should be kept to no more than 2.8%. Paul Johnson, director of the influential economics think tank the Institute for Fiscal Studies (IFS), said it was “not a bad ballpark figure” and feels “just about affordable” given the Government’s public spending plans. The downside, he said, is that public sector workers have lost out since 2010 and unions will be upset that this is not making up the gap, he told Sky News’ Politics Hub with Sophy Ridge. “But given the constraints facing the Chancellor I think it’s pretty hard to argue for more for public sector pay when public sector services ... are under real strain,” he said. Unions expressed their disappointment in the recommendations, with some hinting they could be willing to launch industrial action. The Royal College of Nursing general secretary and chief executive called for “open direct talks now” to avoid “further escalation to disputes and ballots”. Professor Nicola Ranger said: “The Government has today told nursing staff they are worth as little as £2 extra a day, less than the price of a coffee. “Nursing is in crisis – there are fewer joining and too many experienced professionals leaving. This is deeply offensive to nursing staff, detrimental to their patients and contradictory to hopes of rebuilding the NHS. “The public understands the value of nursing and they know that meaningful reform of the NHS requires addressing the crisis in nursing. “We pulled out of the Pay Review Body process, alongside other unions, because it is not the route to address the current crisis. “That has been demonstrated today. “Fair pay must be matched by structural reform. Let’s open direct talks now and avoid further escalation to disputes and ballots – I have said that directly to government today.” Professor Philip Banfield, chairman of the British Medical Association’s council, urged the sector’s pay review body to “show it is now truly independent”. “For this Government to give evidence to the doctors’ and dentists’ pay review body (DDRB) believing a 2.8% pay rise is enough, indicates a poor grasp of the unresolved issues from two years of industrial action,” he said. He said the proposal is far below the current rate of inflation and that the Government was “under no illusion” when doctors accepted pay offers in the summer that there was a “very real risk of further industrial action” if “pay erosion” was not addressed in future pay rounds. “This sub-inflationary suggestion from the current Government serves as a test to the DDRB. “The BMA expects it to take this opportunity to show it is now truly independent, to take an objective view of the evidence it receives from all parties, not just the Government, and to make an offer that reflects the value of doctors’ skills and expertise in a global market, and that moves them visibly further along the path to full pay restoration.” The NEU’s general secretary, Daniel Kebede, said teachers’ pay had been cut by more than one-fifth in real terms since 2010. “Along with sky-high workload, the pay cuts have resulted in a devastating recruitment and retention crisis. Teacher shortages across the school system hit pupils and parents too. “A 2.8% increase is likely to be below inflation and behind wage increases in the wider economy. This will only deepen the crisis in education.” In a hint that there could be a return to industrial action he added: “NEU members fought to win the pay increases of 2023 and 2024. “We are putting the Government on notice. Our members care deeply about education and feel the depth of the crisis. This won’t do.” The offer for teachers is the “exact opposite of fixing the foundations” and will result in bigger class sizes and more cuts to the curriculum, Pepe Di’Iasio, general secretary of the Association of School and College Leaders, said: “The inadequacy of the proposed pay award is compounded by the Government’s intention that schools should foot the bill out of their existing allocations. “Given that per-pupil funding will increase on average by less than 1% next year, and the Government’s proposal is for an unfunded 2.8% pay award, it is obvious that this is in fact an announcement of further school cuts.” Paul Whiteman, general secretary at school leaders’ union NAHT, said: This recommendation falls far short of what is needed to restore the competitiveness of the teaching profession, to enable it to retain experienced professionals and attract new talent. Unison head of health Helga Pile said: “The Government has inherited a financial mess from its predecessors, but this is not what NHS workers wanted to hear. “Staff are crucial in turning around the fortunes of the NHS. Improving performance is a key Government pledge, but the pay rise proposed is barely above the cost of living.” We do not moderate comments, but we expect readers to adhere to certain rules in the interests of open and accountable debate. Last Updated: Are you sure you want to delete this comment?
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The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and a Hamas military leader, accusing them of war crimes and crimes against humanity. The announcement came as health officials in the Gaza Strip said the death toll from the 13-month-old war between Israel and Hamas has surpassed 44,000. The warrant marked the first time that a sitting leader of a major Western ally has been accused of war crimes and crimes against humanity by a global court of justice. The ICC panel said there were reasonable grounds to believe that both Netanyahu and his ex-defense minister bear responsibility for the war crime of starvation and the crimes against humanity of murder, persecution and other inhumane acts. Israel’s war has caused heavy destruction across Gaza, decimated parts of the territory and driven almost the entire population of 2.3 million people from their homes, leaving most dependent on aid to survive. Israel launched its war in Gaza after Hamas-led militants stormed into southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting another 250 . Around 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Here’s the Latest: UNITED NATIONS -- The U.N. humanitarian chief for Gaza is warning that the delivery of critical food, water, fuel and medical supplies is grinding to a halt throughout the territory and “the survival of two million people hangs in the balance.” Muhannad Hadi said in a statement Thursday that Israeli authorities have been banning commercial imports for more than six weeks and at the same time thefts from humanitarian convoys by armed individuals have surged. “In 2024, U.N. trucks have been looted 75 times –- including 15 such attacks since Nov. 4 alone –- and armed people have broken into U.N. facilities on 34 occasions,” he said. Last week, one driver was shot in the head and hospitalized along with another truck driver, Hadi said. And on Saturday 98 trucks were looted in a single attack which saw the vehicles damaged or stolen. The Gaza humanitarian coordinator said bakeries are closing because of lack of flour or fuel to operate generators. “Palestinian civilians are struggling to survive under unlivable conditions, amid relentless hostilities,” Hadi said. He demanded the immediate improvement of security and conditions throughout Gaza to allow the safe and unimpeded delivery of humanitarian aid “through lawful means.” Israel says it puts no limit on the supplies permitted into Gaza, and it blames the U.N. distribution system. But Israel’s official figures show the amount of aid it has let in has plunged since the beginning of October. The U.N has blamed Israeli military restrictions, along with widespread lawlessness that has led to theft of aid shipments. WASHINGTON — The White House fundamentally rejects the International Criminal Court’s decision to issue arrest warrants for senior Israeli officials, press secretary Karine Jean-Pierre said Thursday. She said the Biden administration was “deeply concerned by the prosecutor’s rush to seek arrest warrants and the troubling process errors that led to this decision.” The Biden administration has increased its warnings and appeals to Israeli Prime Minister Benjamin Netanyahu to do more to spare civilians in airstrikes and other attacks, and to allow more aid to reach Gaza. However, a 30-day Biden administration deadline came and went earlier this month for Israel to meet specific U.S. targets to improve its treatment of Palestinian civilians in Gaza trapped in the war. U.S. demands included that Israel lift a near-total ban on delivery of aid to hard-hit north Gaza for starving civilians there. KHAN YOUNIS, Gaza Strip — The three children were playing outside a cluster of tents housing displaced people in the Gaza Strip when an Israeli airstrike killed them, along with six other people. It’s become a grim, near-daily ritual more than 13 months into the Israel-Hamas war, which local health authorities said Thursday has killed over 44,000 Palestinians. Israel carries out frequent strikes against what it says are militants hiding in civilian areas, and women and children are nearly always among the dead. Wednesday’s strike killed Hamza al-Qadi, 7, his brother Abdulaziz, 5, and their sister Laila, 4, in a tent camp in the southern city of Khan Younis. Areej al-Qadi, their mother, says they were playing outside when they were killed. “All that’s left of them are their notebooks, their books and a blood-stained jacket,” she said as she broke into tears. “They were children who did nothing.” The Israeli military did not respond to a request for comment on the strike. Gaza’s Health Ministry said Thursday that 44,056 Palestinians have been killed and 104,268 wounded since the start of the war, which was ignited by Hamas’ Oct. 7 attack into Israel. Palestinian militants killed some 1,200 people that day, mostly civilians, and abducted around 250 people. The Health Ministry does not say how many of those killed in Gaza were fighters but says women and children make up more than half the fatalities. Israel, which rarely comments on individual strikes, says it has killed over 17,000 militants, without providing evidence. Hours after the ministry announced the latest toll, the International Criminal Court issued arrest warrants against Israeli Prime Minister Benjamin Netanyahu, his former defense minister and a Hamas military leader. Mahmoud bin Hassan, the children’s father, said he buried them on Thursday. He asked when the international community would take action to stop the war. “When the entire Palestinian population has been killed?” he said. NEW YORK — Human Rights Watch applauded the International Criminal Court's arrest warrants issued Thursday against both Israeli and Hamas officials. The warrants “break through the perception that certain individuals are beyond the reach of the law,” the associate international justice director at Human Rights Watch, Balkees Jarrah, said in a statement. The New York-based rights group earlier this month released a report saying Israel has committed war crimes and crimes against humanity in the Gaza Strip, including massive forced displacements that amount to ethnic cleansing. JERUSALEM — Israeli prosecutors have charged a former aide to Prime Minister Benjamin Netanyahu with leaking classified documents to international media, apparently to protect the Israeli leader from criticism as a hostage deal was collapsing. Eli Feldstein, a former media adviser to Netanyahu, was charged Thursday with leaking classified information with the intent of harming state security and obstruction of justice. The leaked documents are said to have formed the basis of a widely discredited article in the London-based Jewish Chronicle — which was later withdrawn — suggesting Hamas planned to spirit hostages out of Gaza through Egypt, and an article in Germany’s Bild newspaper that said Hamas was drawing out the hostage talks as a form of psychological warfare on Israel. Critics say the leaks were aimed at giving Netanyahu political cover as the case-fire talks ground to a halt. Some have accused Netanyahu of resisting a deal in to preserve his governing coalition, which includes hard-line members who have threatened to bring down the government if he makes concessions to Hamas. The leaks came at a time of public uproar over the deaths of six hostages who were killed by their Hamas captors as Israeli soldiers were closing in. The indictment said the leaks were meant “to create media influence on the public discourse in Israel in regards to the handling of the hostage situation, after the news of the murder of six hostages.” The indictment identified two other Netanyahu aides as being connected to the scheme, but only Feldstein and an unidentified reservist in Israeli military intelligence were charged. Netanyahu, who denies the accusations, has not been identified as a suspect in the burgeoning investigation. Israeli media say if convicted, Feldstein could potentially face life in prison. JERUSALEM -- The Israeli military has launched an investigation into the death of a 70-year-old Israeli man who entered Lebanon with Israeli forces and was killed in a Hezbollah ambush. Investigators are trying to determine, among other things, who allowed Zeev Erlich into the combat zone with the forces and why he was permitted to enter. According to Israeli media reports, Erlich was not on active duty when he was shot, but was wearing a military uniform and had a weapon. The army said he was a reservist with the rank of major and identified him as a “fallen soldier” when it announced his death. Erlich was a well-known West Bank settler and researcher of Jewish history. Media reports said Erlich was permitted to enter Lebanon to explore a local archaeological site. The army said a 20-year-old soldier was killed in the same incident, while an officer was badly wounded. The army announced Thursday that the chief of staff, Lt. Gen. Herzi Halevi, has appointed a team of experts “to examine and strengthen operational discipline and military culture” following the incident. It said its commander for northern Israel, Maj. Gen. Ori Gordin, would launch a separate “command inquiry,” while Israeli military police conduct a separate probe. Such investigations can lead to criminal charges. BEIRUT — At least 29 people were killed Thursday in Israeli strikes on different towns and villages across Lebanon, according to Lebanon’s Health Ministry and state-run media. In eastern Lebanon, Israeli airstrikes killed 26 people in six different towns in Baalbek province, the health ministry and the National News Agency said. In Tyre province, southern Lebanon, three people were killed in an Israeli strike, the health ministry said. The health ministry Wednesday said that over 3,550 people have been killed in the 13-month war between Hezbollah and Israel, the majority following Israel’s escalation in late September. The European Union's foreign policy chief has underlined that the arrest warrants issued by the International Criminal Court against Israeli Prime Minister Benjamin Netanyahu and Hamas officials are a legal and not political matter, and that they are binding on all 27 EU member countries and other signatories to the ICC to implement. “The tragedy in Gaza has to stop," Josep Borrell told reporters during a visit to Jordan. “It is not a political decision. It is the decision of an international court of justice, and the decision of the court has to be respected, and implemented.” “This decision is a binding decision on all state parties of the court, which include all members of the European Union," he added. ANKARA — Turkish President Recep Tayyip Erdogan’s ruling partyhas welcomed the decision by the International Criminal Court to issue arrest warrants against Israeli Prime Minister Benjamn Netanyahu and former Defense Minister Yoav Gallant, calling it a judgement made for the sake of “humanity.” Omer Celik, spokesman for the Erdogan’s party, said on the social media platform X that Netanyahu and Gallant would “eventually be held accountable for genocide.” Celik also criticised Israeli officials who described the ICC decision as antisemitic. Turkey is among the most vocal critics of Israel’s military actions in Gaza and has submitted a formal request to join a genocide case that South Africa has filed against Israel at the U.N.’s International Court of Justice. Dutch foreign minister Caspar Veldkamp, whose country hosts the International Criminal Court, has confirmed The Netherlands would arrest Israeli Prime Minister Benjamin Netanyahu if he arrived on Dutch soil. “The line from the government is clear. We are obliged to cooperate with the ICC ... we abide 100% by the Rome Statute,” he said in response to a question in parliament Thursday. Other European officials were more cautious. In France, a spokesman for the Foreign Ministry said he supported the International Criminal Court's prosecutor but declined to comment when asked more specifically if France would arrest Netanyahu if he were to step on French soil. “Today, combating impunity is our priority. We ratified the ICC Statute in 2000 and have consistently supported the court’s actions. Our response will align with these principles,” Christophe Lemoine told reporters at a press conference. Lemoine added that the warrants were “a complex legal issue ... It’s a situation that requires a lot of legal precautions.” In Italy, the foreign and justice ministries didn’t immediately respond to emails seeking comment about whether Italy, an ICC member which hosted the Rome conference that gave birth to the court, would honor the arrest warrant. Premier Giorgia Meloni hosted Prime Minister Benjamin Netanyahu in March 2023 and has strongly supported Israel since Oct. 7, while providing humanitarian aid for Palestinians in Gaza. JERUSALEM — Israel’s mostly ceremonial president, Isaac Herzog, has called the International Criminal Court's arrest warrants against Prime Minister Benjamin Netanyahu “a dark day for justice. A dark day for humanity.” In a post on X, he said the international court “has chosen the side of terror and evil over democracy and freedom, and turned the very system of justice into a human shield for Hamas’ crimes against humanity." Israel Katz, Israel’s new defense minister, said the decision was “a moral disgrace, entirely tainted by antisemitism, and drags the international judicial system to an unprecedented low.” He said it “serves Iran, the head of the snake, and its proxies.” Benny Gantz, a retired general and political rival to Netanyahu, also condemned the decision, saying it showed “moral blindness” and was a “shameful stain of historic proportion that will never be forgotten.” Hamas has welcomed the decision by the International Criminal Court to issue warrants against Israeli President Benjamin Netanyahu and his former defense minister Yoav Gallant, calling it an “important and historic precedent” after what it said was decades of injustice at the hands of a “fascist occupation.” The statement did not refer to the warrants issued for the militant group’s own leaders. Hamas called on all nations to “cooperate with the court in bringing the Zionist war criminals, Netanyahu and Gallant, to justice, and to work immediately to stop the crimes of genocide against innocent civilians in the Gaza Strip.” DEIR AL-BALAH, The Gaza Strip — Bakeries have reopened in the central Gaza Strip after being closed for several days because of flour shortages. The shortages appear to have been linked to the looting of nearly 100 truckloads of aid by armed men in southern Gaza last weekend. Associated Press footage showed a crowd of hundreds pushing and shouting outside a bakery in the central city of Deir al-Balah on Thursday. The day before the reopening, the price of a bag of 15 loaves of pita bread had climbed above $13. “In my house, there is not a morsel of bread, and the children are hungry,” said Sultan Abu Sultan, who was displaced from northern Gaza during the war. The amount of aid entering Gaza plunged in October as Israel launched a major offensive in the isolated north, where experts say famine may be underway . Hunger is widespread across the territory, even in central Gaza where aid groups have more access. Humanitarian organizations say Israeli restrictions, ongoing fighting and the breakdown of law and order make it difficult to deliver assistance. Israel’s offensive, launched after Hamas’ October 2023 attack, has displaced around 90% of Gaza’s population of 2.3 million people. Hundreds of thousands are crammed into tent camps with little in the way of public services and are reliant on international food aid. NICOSIA — The president of Cyprus says the European Union must play a bigger role in the Middle East as it can no longer stand by as an observer. President Nikos Christodoulides said the 27-member bloc needs to establish closer ties with countries that bolster regional stability like Egypt, Jordan and the Gulf states. “The conflict in the Middle East is taking place on the EU’s doorstep, in an area of vital interest to the bloc’s interests, where any escalation or regional spillover will have significant consequences on its security and stability,” Christodoulides told an Economist conference in the Cypriot capital. Christodoulides said EU member Cyprus for years has tried to get this message across to Brussels. The island nation earlier this year was the staging ground for a maritime corridor delivering some 20,000 tons of humanitarian aid to Gaza. The EU is wracked by members’ divisions over how peace should come about in the Middle East THE HAGUE — The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel’s offensive in the Palestinian territory. The decision turns Netanyahu and the others into internationally wanted suspects and is likely to further isolate them and complicate efforts to negotiate a cease-fire to end the 13-month conflict. But its practical implications could be limited since Israel and its major ally, the United States, are not members of the court and several of the Hamas officials have been subsequently killed in the conflict. Netanyahu and other Israeli leaders have previously condemned ICC Chief Prosecutor Karim Khan’s request for the warrants as disgraceful and antisemitic. U.S. President Joe Biden also blasted the prosecutor and expressed support for Israel’s right to defend itself against Hamas. Hamas also slammed the request. The death toll in the Gaza Strip from the 13-month-old war between Israel and Hamas has surpassed 44,000, local health officials said Thursday. The Gaza Health Ministry does not distinguish between civilians and combatants in its count, but it has said that more than half of the fatalities are women and children. The Israeli military says it has killed over 17,000 militants, without providing evidence. The Health Ministry said 44,056 people have been killed and 104,268 wounded since the start of the war. It has said the real toll is higher because thousands of bodies are buried under rubble or in areas that medics cannot access. The war began when Hamas-led militants stormed into southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting another 250 . Around 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Most of the rest were released during a cease-fire last year. Around 90% of Gaza's population of 2.3 million people have been displaced, often multiple times, and hundreds of thousands are living in squalid tent camps with little food, water or basic services. Israel says it tries to avoid harming civilians and blames their deaths on Hamas because the militants operate in residential areas, where they have built tunnels, rocket launchers and other military infrastructure. JERUSALEM — A rocket fired from Lebanon killed a man and wounded two others in northern Israel on Thursday, according to the Magen David Adom rescue service. The service said paramedics found the body of the man in his 30s near a playground in the town of Nahariya, near the border with Lebanon, after a rocket attack on Thursday. Israel meanwhile struck targets in southern Lebanon and several buildings south of Beirut, the Lebanese capital, after warning people to evacuate.INDIANAPOLIS — Indiana Pacers guard Tyrese Haliburton looked and sounded more like himself Monday night. He made one 3-pointer after another, found open teammates with nifty passes and, yes, was smiling again. Celebrating a second-straight win certainly helped matters, too. For the usually unflappable two-time All-Star, the bounce back game came as he finally started letting go of his pent-up frustration by speaking freely about what he's learned over the first two months of this NBA season — and why he needs to stop blaming his early season struggles for Indiana's slow start. “Everybody wants to say be happy, have fun. That's hard to do when you're not playing well or you're losing,” Haliburton said after the 114-110 victory over New Orleans. “But differentiating the difference between happiness and joy — I've always had a joy for the game of basketball and love and appreciation for what I do. So I think I just got caught in becoming frustrated with myself and this kind of creeped into like job territory, you know what I mean? That's not me.” Haliburton has displayed an unusual edginess since training camp began in late September. On media day, he talked about disproving the critics who claimed last season's Eastern Conference finals run was more about luck than skill. He also found motivation in being deep on the bench during the U.S. Olympic basketball team's gold-medal winning run. He thought it could propel himself and his team to even greater successes. Instead, a series of injuries have severely thinned the Pacers once-deep roster, Haliburton's shots stopped falling, the losses piled up and suddenly the straight-talking guy who inspired so many with his beaming, trademark smile didn't look or sound like himself. Others noticed. “I've got people sending me clips of how I've looked in the media and how I looked on the court and my body language sucks, my attitude sucks,” Haliburton said. “It's hard to get out of what's going on if you're that way. I've been told my whole life to control what I can control and I can't control if the ball goes in every time. But I can control my body language, I can control my energy and I can control my effort.” RELATED: Haliburton scores 34, delivers key plays in the clutch to send Pacers past Pelicans 114-110 Whether it was the short conversation between Haliburton and All-Star forward Pascal Siakam after Sunday's victory over Washington or something else, Haliburton looked like a different player Monday. He was 12 of 23 from the field, both season highs, made a season best nine 3s and produced his eighth double-double of the season. Haliburton finished with his second-highest point total (34), matched a season-high with 13 assists and made all the big plays down the stretch — the tiebreaking 3-pointer with 3:06 remaining, driving for a layup that gave Indiana a five-point lead and finding Bennedict Mathurin for an alley-oop dunk that brought the crowd to its feet with a minute to play. He believes it's just a start. “I think people look at the Indiana Pacers and they're like ‘Man, their pace is down, the energy of the team isn't very good.' Put that on me," Haliburton said. “That's where I've been, and I got caught up in myself. I think for us to go back to playing Pacers basketball, playing the right way, (it's) how can I internalize whatever I've got going on and then put that into the group and our guys? We've got to get back to having the right energy.” How did Haliburton get to this point? The 24-year-old has shot 45% or better in just five of 18 games this season, and the NBA's defending assists champ has seen that average drop to his lowest point (8.8) since he was traded from Sacramento to Indiana during the 2021-22 season. Plus, the Pacers are 8-10. Yes, Haliburton understands Indiana's early woes are not entirely his fault. Indiana lost two key backup centers, James Wiseman and Isaiah Jackson, with torn Achilles tendons just six games into the season. Starting forward Aaron Nesmith hasn't played since Nov. 1 because of an injured left knee and starting guard Andrew Nembhard hasn't played since Nov. 6 because of a sprained left ankle. But after last season's playoff run, Haliburton is no longer motivated merely making the postseason — something he didn't do at Iowa State or in his first three pro seasons. He wants to win a championship, something he didn't do as a Wisconsin prep star. And Haliburton knows there's only one way to achieve that goal — by being himself. “You guys watch us every game and you wouldn't say right now we're playing with a joy, with a passion, with an energy,” he said. “Our energy is up and down and that starts with me. So I can make that promise — that will be there moving forward. Put that on me because when my energy is good and we're holding each other accountable, things are going to go well. That starts with me at the top and it trickles down to everybody else.”
abrdn Emerging Markets Equity Income Fund, Inc. (AEF) Announces Results Of Strategic Review Including: Changes To The Fund’s Name And Investment Strategy, A 20% Tender Offer And Renewed Performance-based Conditional Tender Offer Policy, And An Increase To Managed Distribution PolicyGovernment departments are on a collision course with unions unsatisfied with proposals to raise pay for more than a million public sector workers by 2.8% next year. Inflation is predicted to average 2.5% this year and 2.6% next year, according to forecasts from the Office for Budget Responsibility. The British Medical Association said the Government showed a “poor grasp” of unresolved issues from two years of industrial action, and the Royal College of Nursing called the pay recommendation “deeply offensive”. The National Education Union’s chief said teachers were “putting the Government on notice” that the proposed increase “won’t do”. The pay recommendations came after Chancellor Rachel Reeves called for every Government department to cut costs by 5%, as she started work on a sweeping multi-year spending review to be published in 2025. Independent pay review bodies will consider the proposals for pay rises for teachers, NHS workers and senior civil servants. The Department of Health said it viewed 2.8% as a “reasonable amount” to set aside, in its recommendations to the NHS Pay Review Body and the Doctors’ and Dentists’ Remuneration Board remit groups. A 2.8% pay rise for teachers in 2025/26 would “maintain the competitiveness of teachers’ pay despite the challenging financial backdrop the Government is facing”, the Department for Education said. The Cabinet Office also suggested pay increases for senior civil servants should be kept to no more than 2.8%. Paul Johnson, director of the influential economics think tank the Institute for Fiscal Studies (IFS), said it was “not a bad ballpark figure” and feels “just about affordable” given the Government’s public spending plans. The downside, he said, is that public sector workers have lost out since 2010 and unions will be upset that this is not making up the gap, he told Sky News’ Politics Hub with Sophy Ridge. “But given the constraints facing the Chancellor I think it’s pretty hard to argue for more for public sector pay when public sector services ... are under real strain,” he said. Unions expressed their disappointment in the recommendations, with some hinting they could be willing to launch industrial action. The Royal College of Nursing general secretary and chief executive called for “open direct talks now” to avoid “further escalation to disputes and ballots”. Professor Nicola Ranger said: “The Government has today told nursing staff they are worth as little as £2 extra a day, less than the price of a coffee. “Nursing is in crisis – there are fewer joining and too many experienced professionals leaving. This is deeply offensive to nursing staff, detrimental to their patients and contradictory to hopes of rebuilding the NHS. “The public understands the value of nursing and they know that meaningful reform of the NHS requires addressing the crisis in nursing. “We pulled out of the Pay Review Body process, alongside other unions, because it is not the route to address the current crisis. “That has been demonstrated today. “Fair pay must be matched by structural reform. Let’s open direct talks now and avoid further escalation to disputes and ballots – I have said that directly to government today.” Professor Philip Banfield, chairman of the British Medical Association’s council, urged the sector’s pay review body to “show it is now truly independent”. “For this Government to give evidence to the doctors’ and dentists’ pay review body (DDRB) believing a 2.8% pay rise is enough, indicates a poor grasp of the unresolved issues from two years of industrial action,” he said. He said the proposal is far below the current rate of inflation and that the Government was “under no illusion” when doctors accepted pay offers in the summer that there was a “very real risk of further industrial action” if “pay erosion” was not addressed in future pay rounds. “This sub-inflationary suggestion from the current Government serves as a test to the DDRB. “The BMA expects it to take this opportunity to show it is now truly independent, to take an objective view of the evidence it receives from all parties, not just the Government, and to make an offer that reflects the value of doctors’ skills and expertise in a global market, and that moves them visibly further along the path to full pay restoration.” The NEU’s general secretary, Daniel Kebede, said teachers’ pay had been cut by more than one-fifth in real terms since 2010. “Along with sky-high workload, the pay cuts have resulted in a devastating recruitment and retention crisis. Teacher shortages across the school system hit pupils and parents too. “A 2.8% increase is likely to be below inflation and behind wage increases in the wider economy. This will only deepen the crisis in education.” In a hint that there could be a return to industrial action he added: “NEU members fought to win the pay increases of 2023 and 2024. “We are putting the Government on notice. Our members care deeply about education and feel the depth of the crisis. This won’t do.” The offer for teachers is the “exact opposite of fixing the foundations” and will result in bigger class sizes and more cuts to the curriculum, Pepe Di’Iasio, general secretary of the Association of School and College Leaders, said: “The inadequacy of the proposed pay award is compounded by the Government’s intention that schools should foot the bill out of their existing allocations. “Given that per-pupil funding will increase on average by less than 1% next year, and the Government’s proposal is for an unfunded 2.8% pay award, it is obvious that this is in fact an announcement of further school cuts.” Paul Whiteman, general secretary at school leaders’ union NAHT, said: This recommendation falls far short of what is needed to restore the competitiveness of the teaching profession, to enable it to retain experienced professionals and attract new talent. Unison head of health Helga Pile said: “The Government has inherited a financial mess from its predecessors, but this is not what NHS workers wanted to hear. “Staff are crucial in turning around the fortunes of the NHS. Improving performance is a key Government pledge, but the pay rise proposed is barely above the cost of living.”Vikings place LB Ivan Pace on injured reserve and sign LB Jamin Davis off Packers practice squad
North Korean leader Kim Jong Un said he will implement the “toughest” anti-US policy, less than a month before Donald Trump takes office as US president, the country's state media reported Sunday. Trump's return to the White House raises prospects for high-profile diplomacy with North Korea. During his first term, Trump met Kim three times for talks on the North's nuclear programme. Many experts however say a quick resumption of Kim-Trump summitry is unlikely as Trump would first focus on conflicts in Ukraine and the Middle East. North Korea's support for Russia's war against Ukraine also poses a challenge to efforts to revive diplomacy, experts say. During a five-day plenary meeting of the ruling Workers' Party that ended Friday, Kim called the US “the most reactionary state that regards anti-communism as its invariable state policy.” Kim said that the US-South Korea-Japan security partnership is expanding into “a nuclear military bloc for aggression." “This reality clearly shows to which direction we should advance and what we should do and how,” Kim said, according to the official Korean Central News Agency. It said Kim's speech “clarified the strategy for the toughest anti-US counteraction to be launched aggressively” by North Korea for its long-term national interests and security. KCNA didn't elaborate on the anti-US strategy. But it said Kim set forth tasks to bolster military capability through defence technology advancements and stressed the need to improve the mental toughness of North Korean soldiers. The previous meetings between Trump and Kim had not only put an end to their exchanges of fiery rhetoric and threats of destruction, but they developed personal connections. Trump once famously said he and Kim “fell in love.” But their talks eventually collapsed in 2019, as they wrangled over US-led sanctions on the North. North Korea has since sharply increased the pace of its weapons testing activities to build more reliable nuclear missiles targeting the US and its allies. The US and South Korea have responded by expanding their military bilateral drills and also trilateral ones involving Japan, drawing strong rebukes from the North, which views such US-led exercises as invasion rehearsals. Further complicating efforts to get North Korea to rid itself of nuclear weapons is its deepening military cooperation with Russia. According to US, Ukrainian and South Korean assessments, North Korea has sent more than 10,000 troops and conventional weapons systems to support Moscow's war against Ukraine. There are concerns that Russia could give North Korea advanced weapons technology in return, including help to build more powerful nuclear missiles. Russia and China, locked in separate disputes with the US, have repeatedly blocked US-led pushes to levy more UN sanctions on North Korea despite its repeated missile tests in defiance of UN Security Council resolutions. Last month, Kim said that his past negotiations with the United States only confirmed Washington's “unchangeable” hostility toward his country and described his nuclear buildup as the only way to counter external threats. (Except for the headline, this story has not been edited by DNA staff and is published from AP/PTI)After lopsided loss, Patriots recognize an offseason roster overhaul is likelyWilliams 3-9 1-1 7, Hutchinson 3-11 0-0 6, Reese 2-9 0-0 4, Thompson 6-11 2-4 14, Thornton 4-12 1-2 10, Robinson 0-0 0-0 0, Polk 0-0 0-0 0, Waddle 2-8 0-0 4, Chairs 0-3 0-0 0, Schultz 1-3 0-0 3, Wilson 0-3 2-2 2, Totals 21-69 6-9 50 Daniels 4-8 3-4 11, Eke 3-8 1-2 7, Ladine 5-11 0-0 12, Sellers 5-8 5-6 16, Stines 2-8 1-1 6, Anderson 1-1 0-0 2, Gillmer 2-4 0-0 4, McDonald 0-1 0-0 0, Briggs 1-3 0-0 2, Brown 2-4 0-0 5, Coppinger 0-2 0-0 0, Totals 25-58 10-13 65 3-Point Goals_Prairie View 2-10 (Hutchinson 0-3, Thompson 0-1, Thornton 1-2, Chairs 0-2, Schultz 1-2), Washington 5-19 (Daniels 0-1, Ladine 2-5, Sellers 1-3, Stines 1-4, Gillmer 0-1, Briggs 0-1, Brown 1-2, Coppinger 0-2). Assists_Prairie View 6 (Thornton 3), Washington 12 (Sellers 3). Fouled Out_None. Rebounds_Prairie View 30 (Hutchinson 5, Waddle 5), Washington 48 (Eke 14). Total Fouls_Prairie View 17, Washington 9. Technical Fouls_None. A_1,665.
SEOUL : Shares of South Korean budget carrier Jeju Air hit their lowest on record on Monday, after the country's deadliest air crash killed 179 people. Jeju Air shares traded down 8.4 per cent as of 0058 GMT, after falling as much as 15.7 per cent earlier in the session to 6,920 won, the lowest since they were listed in 2015. Shares of AK Holdings, the holding company of Jeju Air, fell as much as 12 per cent and hit their lowest in 16 years. The crash on Sunday at Muan International Airport was the first fatal flight for Jeju Air, a low-cost airline founded in 2005 and the country's third-largest carrier by passenger numbers. South Korea's acting President Choi Sang-mok on Monday ordered an emergency safety inspection of the country's entire airline operation system once the recovery work on the Jeju Air crash is finished. Among other budget carriers, Air Busan rose more than 15 per cent. Jin Air and T'way Air fell after rising as much as 5.4 per cent and 7.3 per cent, respectively. South Korea's two major airlines, Korean Air Lines dropped 1.3 per cent and Asiana Airlines fell 0.8 per cent. "It will take time to assess the cause of the accident, but consumer sentiment will inevitably be hurt, as credibility is important for budget carriers whose seats and services are not much different from each other," said Yang Seung-yoon, an analyst at Eugene Investment Securities. "In terms of overall travel demand, there might be some cancellations in the short term, but it is unlikely to weaken structurally." Many victims of the plane crash, the worst in the country's history, appeared to be returning from vacation for the holiday season, officials said. Travel agency stocks also weakened, with Hanatour Service down as much as 7 per cent and Very Good Tour down as much as 11 per cent.Super Micro Wins Key Nasdaq Extension. The Stock Is Soaring. - Investor's Business Daily
Middle East latest: ICC issues warrant for Israel's Netanyahu as Gaza death toll soars past 44,000