# TRENDING

Easyjet cancels 1,700 flights

As people get ready to fly for their summer vacations, UK-based airline Easyjet has revealed that 1,700 flights have been cancelled. The airline cancelled flights to and from Gatwick Airport throughout the months of July, August, and September. Easyjet attributed the frequent cancellations to congested airspace over Europe and ongoing air traffic control issues. The company stated that 95% of the affected passengers were rebooked on different flights. According to aviation analytics company Cirium, July is expected to see the most UK aircraft departures since October 2019, and will be 11% higher than July last year.

Threads: 100M users Fed to strengthen banks

According to Meta CEO Mark Zuckerberg, Twitter competitor app Threads has signed up over 100 million users in less than a week. This makes Threads the fastest-growing app in history. OpenAI's ChatGPT previously held the crown by recording 100 million active users, but it took the app two months to reach that milestone. The new microblogging platform was launched in 100 countries including India. Within hours, the app proved to be a hit with users, racking up 30 million users within the first 24 hours, making it the fastest-downloaded app of all time.

The Federal Reserve's chief regulator said he had decided to strengthen fiscal cushions for larger banks. The moves would make the system more resilient. He said after mid-tier lenders like Silicon Valley Bank and First Republic Bank went bankrupt this year. Under the Fed's proposed plans, due to be released later this year, the largest banks could be required to hold an additional 2 percentage points of capital, or an additional $2 of capital for every $100 in risk-weighted assets. The exact amount of additional capital will depend on a company's operations, with the largest increases expected to be reserved.

According to a recent report by research firm Omdia, Apple is set to introduce an iPad Pro with an OLED panel in 2024. It is speculated to arrive in two screen sizes. The 11-inch and 13-inch iPad Pro models are reportedly on track to incorporate (LTPO) OLED panels. Production for these devices is expected to commence in the first quarter of the upcoming year. OLED displays offer impeccable black levels, per-pixel light control, and exceptional contrast and HDR capabilities.

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