Boeing Passenger Jet Nearly Crashes Due To Software Glitch

Bruce66423 shares a report from The Independent: A potential disaster was narrowly avoided when a packed passenger plane took off just seconds before it was about to run out of runway because of a software glitch. The Boeing aircraft, operated by TUI, departed from Bristol Airport for Las Palmas, Gran Canaria on 9 March with 163 passengers on board when it struggled to take off. The 737-800 plane cleared runway nine with just 260 metres (853ft) of tarmac to spare at a height of 10ft. It then flew over the nearby A38 road at a height of just 30 metres (100ft) travelling at the speed of around 150kts (about 173mph). The A38 is a major A-class busy road, connecting South West England with the Midlands and the north.

The Air Accidents Investigation Branch (AAIB), part of the Department for Transport, said the incident was the result of insufficient thrust being used during take-off. Pilots manually set the thrust level following a software glitch that Beoing was aware of before take-off. “A Boeing 737-800 completed a takeoff from Runway 09 at Bristol Airport with insufficient thrust to meet regulated performance,” the AAIB report said. “The autothrottle (A/T) disengaged when the takeoff mode was selected, at the start of the takeoff roll, and subsequently the thrust manually set by the crew (84.5% N1 ) was less than the required takeoff thrust (92.8% N1 ). Neither pilot then noticed that the thrust was set incorrectly, and it was not picked up through the standard operating procedures (SOPs).”

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eBay To Drop American Express Over Fees

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees.” CNBC: It’s a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it’s not the first time merchants have voiced opposition to AmEx’s business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.

[…] Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. eBay has increasingly been offering customers buy now, pay later options on purchases through Apple Pay, PayPal and other companies like Klarna and Affirm as well.

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GOG Will Start Deleting Cloud Saves This Summer

UK Imposes Mysterious Ban On Quantum Computer Exports

Longtime Slashdot reader MattSparkes shares a report from NewScientist: Quantum computing experts are baffled by the UK government’s new export restrictions on the exotic devices (source paywalled), saying they make little sense. [The UK government has set limits on the capabilities of quantum computers that can be exported — starting with those above 34 qubits, and rising as long as error rates are also higher — and has declined to explain these limits on the grounds of national security.] The legislation applies to both existing, small quantum computers that are of no practical use and larger computers that don’t actually exist, so cannot be exported. Instead, there are fears the limits will restrict sales and add bureaucracy to a new and growing sector. For more context, here’s an excerpt from an article published by The Telegraph in March: The technology has been added to a list of “dual use” items that could have military uses maintained by the Export Control Joint Unit, which scrutinizes sales of sensitive goods. A national quantum computer strategy published last year described the technology as being “critically important” for defense and national security and said the UK was in a “global race” to develop it. […] The changes have been introduced as part of a broader update to export rules agreed by Western allies including the US and major European countries. Several nations with particular expertise on quantum computer technologies have added specific curbs, including France which introduced rules at the start of this month.

Last year, industry body Quantum UK said British companies were concerned about the prospect of further export controls, and that they could even put off US companies seeking to relocate to the UK. Quantum computer exports only previously required licenses in specific cases, such as when they were likely to lead to military use. Oxford Instruments, which makes cooling systems for quantum computers, said last year that sales in China had been hit by increasing curbs. James Lindop of law firm Eversheds Sutherland said: “Semiconductor and quantum technologies — two areas in which the UK already holds a world-leading position — are increasingly perceived to be highly strategic and critical to UK national security. This will undoubtedly create an additional compliance burden for businesses active in the development and production of the targeted technologies.”

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A Billionaire-Backed Texas Stock Exchange Is In The Works

Cailey Gleeson reports via Forbes: A group backed by more than two dozen investors — including Citadel Securities and BlackRock — is planning to start its own stock exchange in Texas, it said Wednesday, in an attempt to compete with the New York Stock Exchange and Nasdaq. The Texas Stock Exchange (TXSE) — owned by TXSE Group Inc. and founded in 2023, per its LinkedIn — will be a “fully electronic national securities exchange” that seeks to expand access to markets for all investors and those seeking access to public capital, according to Wednesday’s press release.

The TXSE aims to have primary listings, dual listings and exchange-traded products, according to The Wall Street Journal, which first reported the news. The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people, The Dallas Morning News reported. It plans to start facilitating trades in 2025 and host its first listing the following year, multiple outlets reported. The Wall Street Journal notes that past attempts at regional stock exchanges have failed, such as the Chicago Stock Exchange and Philadelphia Stock Exchange — both of which combined with the NYSE and Nasdaq.

“The NYSE considered relocating its electronic trading systems to the Dallas-Fort Worth area in late 2020, amid a proposed financial transaction tax on stocks in New York,” adds Forbes. “But the move did not go through, nor the proposed tax,.”

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