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The Indonesian government bought 12 drones worth $300 million from Turkish Aerospace as part of efforts to strengthen archipelagic country's defense system JAKARTA, Indonesia -- The Indonesian government bought 12 drones worth $300 million from Turkish Aerospace as part of efforts to strengthen Indonesia’s defense system, according to a written statement from the Indonesian Defense Ministry on Wednesday. The purchase aims to increase the variety, quantity and quality of Indonesia's military defense equipment with the contract signed Feb. 3 with Turkish Aerospace, which is headquartered in the capital, Ankara. The 12 units of ANKA drones are expected to be delivered before November 2025. In January, Indonesia sealed another deal worth $805 million to buy a dozen advanced Mirage 2000-5 fighter jets that were used by the Qatari air force. The purchase, manufactured by French company Dassault Aviation, was criticized for the age of the equipment. But the Defense Ministry said...

Saudi Arabia says it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices DUBAI, United Arab Emirates -- Saudi Arabia said Thursday it will extend its unilateral production cut of 1 million barrels of oil a day through the end of September in its effort to boost flagging energy prices, a move that could push U.S. gas prices higher. The Saudi reduction, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year. The national average for U.S. gas prices stood at about $3.82 a gallon on Tuesday — about 30 cents higher than a month ago, according to motor club AAA. While today’s prices at the pump remain far lower than they were last year, when energy costs soared worldwide in the months following Russia’s invasion of Ukraine, experts say such a jump is unusual. This year's record-breaking summer heat has also had an impact, dri...

Mexico’s president says he has offered to buy an American company’s Caribbean coast property for $385 million to end a bitter, years-long dispute MEXICO CITY -- Mexico’s president said Thursday that he has offer ed to buy an American company ’s Caribbean coast property for about $385 million to end a bitter, years-long dispute . President Andrés Manuel López Obrador said a formal offer would be presented to Alabama-based Vulcan Materials. The company operated gravel extraction pits at the Yucatan peninsula site before López Obrador's administration closed them. The company said it had not yet received the president's proposal or responded to the idea. In papers filed for a case before an international arbitration panel, Vulcan Materials valued the almost 6,000-acre (2,400 hectare) property, located just south of the resort town of Playa del Carmen, at $1.9 billion. López Obrador said his much lower offer was fair and based on a government assessment. He said the most attra...

Bank of America harmed hundreds of thousands of customers, a federal agency said. Bank of America was ordered to pay more than $100 million to customers for double-charging accounts with insufficient funds, denying reward payments to credit card holders and using personal data to open accounts without a client’s knowledge, the Consumer Financial Protection Bureau said on Tuesday. The second-largest U.S. bank harmed hundreds of thousands of customers over a period of several years and across multiple products, the federal agency said. In addition to the customer payment, the bank must pay $150 million in penalties, the agency added. “Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent,” Rohit Chopra, director of the CFPB, said in a statement. “These practices are illegal and undermine customer trust,” Chopra added. “The CFPB will be putting an end to these practices across the banking system.” MORE: US economy 'quite r...

Ford announced it's recalling certain 2013-2018 Fusion and Lincoln MKZ vehicles because some front brake hoses may rupture and leak brake fluid. Ford announced this week that it is recall ing more than 1.2 million of its vehicles over a serious issue with its brake fluid hoses. The National Highway Traffic Safety Administration said Ford Fusions and Lincoln MKZs sold between 2013 and 2018 have an issue where the front brake hoses may rupture and leak brake fluid. In this Aug. 30, 2019, file photo, a Ford Fusion is shown. GDA via AP, FILE "A brake fluid leak will increase brake pedal travel and extend the distance needed to stop the vehicle, increasing the risk of [a] crash," the NHTSA said. Owners will be notified about the recall in letters, the agency said. Dealers will replace the front brake hoses, free of charge, according to the NHTSA. In this Feb. 8, 2019, file photo, a Ford Fusion Hybrid is on display at the 111th Annual Chicago Auto Show, at McCormick Place ...

Southwest Airlines canceled more than 16,000 flights over 11 days, a government filing said. The holiday meltdown at Southwest Airlines last month cost the company as much as $825 million in lost revenue and added expenses, the company said in a government filing on Friday. Southwest Airlines, the largest domestic airline in the U.S., canceled more than 16,000 flights over an 11-day period at the end of December, the filing said. The disarray amid a massive snowstorm stranded droves of customers during a peak travel season, prompting the company to apologize and offer reimbursement for inconvenienced travelers. "The cost is definitely a significant amount," Ross Feinstein, industry veteran and former director of operations communications at American Airlines, told ABC News. "I'm not surprised that this is the hit they will ultimately take, in terms of the sheer number of passengers affected and the number of flights canceled," added Feinstein. MORE: 'Disrup...

The U.S. government is fining British airline Virgin Atlantic up to $1.05 million for flying over restricted airspace in Iraq WASHINGTON -- The U.S. Transportation Department has fined British airline Virgin Atlantic up to $1.05 million for flying over restricted airspace in Iraq while operating flights in a partnership with Delta Air Lines. The federal agency said the flights occurred between September 2020 and September 2021 while the Federal Aviation Administration had told U.S. airlines to avoid the area. Atlanta-based Delta owns 49% of Virgin Atlantic. The airlines have a so-called code-sharing agreement in which Delta put its own “code” on some Virgin Atlantic flights and sold seats as if they were Delta airplanes. The department said that arrangement brought the U.K. carrier under FAA restrictions covering U.S. airlines when a “significant number” of its flights between the United Kingdom and India passed over Iraq. From March 2020 until October 2021, the FAA barred U.S. ai...

Nikiesha Barnett had knee surgery in 2006 and took unpaid leave from her job as a Georgia hospital coordinator while she was recovering Nikiesha Barnett had knee surgery in 2006 and took unpaid leave from her job as a Georgia hospital coordinator while she was recovering. When Barnett wasn’t able to keep up with the payments for the surgery, she ended up owing about $4,500. That debt lingered for almost 14 years until one day in 2020, she received a letter from a nonprofit telling her the debt had been relieved. RIP Medical Debt, a national nonprofit, had bought her debt and forgiven it. Barrett says when she was in debt, she felt too guilty about what she owed to go to the doctor. Now that concern has been wiped away. Barnett is one of the millions of Americans who’ve had medical debt paid by nonprofits that receive increased support from a wide variety of grantmakers and donors, including MacKenzie Scott. Scott gave RIP Medical Debt $30 million in November after awarding the organiza...