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Black boxes: A treasure trove of data for air crash probes

  Paris / AP After finding possible survivors and victim remains, the first priority of air crash investigators is to locate the black boxes, a duo of data recorders that can hold vital clues on why an aircraft went down. Despite their name, the boxes that hold a plane’s flight data and cockpit voice recordings are actually bright orange with ...

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Air safety directive grounds flights in Mexico

  MEXICO CITY / AP The Mexican airline Interjet says it’s had to cancel some flights due to a mandatory safety inspection of its Russian-made Superjet 100 aircraft. Russian authorities issued the directive on Dec. 23 after cracks were found in a part on one of the Sukhoi planes. Interjet is among the largest customers for the relatively new Superjet, ...

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Italian bank BMPS says ECB sees need for $9.2bn of capital

  Bloomberg The European Central Bank sees Italian lender Banca Monte dei Paschi di Siena SpA needing about 8.8 billion euros ($9.2 billion) of capital to bolster its balance sheet after liquidity deteriorated this month. The calculation is based on the results of a 2016 stress test, the Italian bank said in a statement, citing two letters from the ECB ...

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