Singapore Air’s chief executive takes 20 percent pay cut
Because of a slump in business travel and rising oil prices, Singapore Airlines chief executive, Chew Choon Seng, has agreed to take a 20 percent pay cut.
The airline said in a statement it had also agreed with its more than 2,300 pilots to take one day of unpaid leave a month. The airline has cut capacity this year on a slump in business class passenger travel and cargo demand.
Airlines renew call for rules on oil speculators
Fed up with rising oil prices, US airlines “are renewing pressure on the government to curb market speculation.”
It was speculators — not simple supply and demand — that led to last year’s oil price increase, airline executives say. Others have argued that the connection between investment flows and oil prices is ambiguous.
The curious case of missing fingerprints
Last May, a man traveling from Singapore was detained by US immigration officials for a few hours because they could not detect any fingerprints.
Turns out that an oncology drug Capecitabine the patient was taking can actually lead to deterioration of skin at the tips of fingers and toes, erasing the ability of machines to see the fingerprints.
