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U.S. markets recover from steep losses
LONDON, May 8 (UPI) -- British Airways Chief Executive Officer Willie Walsh told a British transportation committee that problems at a new terminal were his responsibility.
Walsh told members of Parliament's Commons Transport Committee "I take responsibility for the issues that went wrong," with the March 14 opening of Heathrow Airport's Terminal 5, The Daily Mail reported Thursday.
Flight delays and baggage mishaps plagued the $8.41 billion terminal's first weeks.
Walsh said mistakes were made partly because the administration reduced testing of the new facility to make up for construction delays.
"We let our customers down. We could have done better and should have done better," Walsh said.
Two airport executives have resigned in the wake of the terminal's disappointing opening.
Walsh said he wouldn't resign but said his job tenure was "a matter for the board" to decide, The Daily Mail report said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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