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In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard.

The 41-year-old man slipped unnoticed past motion detectors in a remote corner of Denver International Airport, which sprawls across open plains and covers an area twice the size of Manhattan. He quickly scaled an 8-foot perimeter fence topped with barbed wire, then walked unobstructed onto the runway where he was fatally struck by a Frontier Airlines jet as it attempted to take off late Friday night.

Surveillance video showed the man getting pulled into an aircraft engine that instantly burst into flames, forcing the pilot to abort the takeoff and evacuate the 224 passengers and seven crewmembers. Twelve people had minor injuries.

Aviation and risk experts said the Denver runway collision represents a clear security failure. They noted it could’ve been far worse if the pilot didn’t safely stop the aircraft that was traveling 150 miles per hour (241 kph).

“People ought to be concerned. This was really an unprecedented risk. But now there is precedent,” said Eric Chafee a law professor at Case Western Reserve University and an expert on risk, including in the aviation industry.

“The individual ended up with a bad result. But having somebody basically damage a plane is really quite concerning because of all those lives aboard any given aircraft,” Chafee added. “There ought to be new measures put into place to prevent this type of tragedy.”

Some aviation experts disagreed new regulations were needed. They said installing blanket surveillance or impregnable defenses around airports was cost prohibitive, given the relative rarity of dangerous events like Friday’s collision.

The Denver medical examiner ruled the intruder’s death a suicide. Officials from the city-owned airport promised a review of their protocols but defended their perimeter security program and said it received “perfect scores” during federal inspections.

The Associated Press sent emails to the Transportation Security Administration seeking comment on Denver’s inspection results and documents detailing its security protocols.

“Safety is something we take very, very seriously,” Denver airport CEO Phillip Washington told reporters Tuesday.

Washington added that making the perimeter fence taller or topping it with razor wire wouldn’t necessarily have made a difference, because someone who was motivated could still find a way in.

During Friday’s breach, an alarm from a ground detection sensor was triggered shortly before the intruder entered the airport along its eastern boundary, about 2 miles (3.2 kilometers) from the terminal. An airport worker watching video surveillance cameras attributed the alarm to a herd of deer — and missed the intruder.

It took the man about 15 seconds to scale the fence and two minutes more to reach the runway, Washington said. Airport officials didn’t know he was on the runway until the pilot notified the control tower that the plane hit somebody.

Airport perimeter breaches are a regular problem, with perhaps dozens annually nationwide, said security expert Jeff Price, who managed security at the Denver airport in the 1990s. The airport is surrounded by about 36 miles (58 kilometers) of fence, which airport officials say is patrolled by security workers and continuously inspected.

The vast majority of airport trespassers don’t pose a real threat to others, Price said. A man died at the Austin airport in 2020 after a Southwest Airlines jet struck him on a runway. Police later ruled it was a suicide.

Two law firms notified Denver officials Tuesday that they intend to sue on behalf of the Frontier passengers, seeking in excess of $10 million in damages. The firms alleged “multiple failures” in the airport perimeter security system, but did not provide specifics.

Steven Wallace, former director of accidents investigations at the Federal Aviation Administration, described the Denver fatality as a “one-off event” that would not justify costly improvements to airport perimeter security programs nationwide.

Wallace acknowledged that some perimeter fences can easily be breached. There are no set rules for their construction, and their primary role is to keep out wildlife that could interfere with flight operations, he said.

“I just don’t see how you’re going to think of and deal with every possible way a human could get into an airport,” he said.

Jim Hall, a former chairman of the National Transportation Safety Board, suggested there is now a higher likelihood for a repeat of Friday’s collision given the potential for copycats. Hall said Denver should consider adding more personnel and surveillance to properly monitor its fence.

“With the amount of cameras and technology that is available, they need to address the problem,” he said. “They’ve had a failure and they don’t need to have another one.”

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May 14 (Reuters) – OpenAI said on Wednesday it found no evidence that its user data was accessed after a security issue involving a supply-chain attack on TanStack npm, an open-source library.

(Reporting by Gnaneshwar Rajan in Bengaluru)

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HONG KONG (AP) — Asian shares were mixed Thursday after Wall Street set more records, as investors closely monitored takeaways from U.S. President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing.

Trump met with Xi at the Great Hall of the People and they talked about U.S.-China relations and Taiwan, but analysts did not expect major breakthroughs.

U.S. futures edged higher.

Tokyo’s Nikkei 225 index was up 0.3% to 63,448.87, after briefly reaching another all-time intraday record at above 63,700, partly supported by robust corporate results. South Korea’s Kospi was up 0.5% to 7,884.71, helped by technology-related stocks.

Hong Kong’s Hang Seng gained 0.7% to 26,584.88. The Shanghai Composite index lost 0.9% to 4,204.41.

Australia’s S&P/ASX 200 edged down less than 0.1% to 8,627.80.

Taiwan’s Taiex was up 0.6%, and India’s Sensex climbed 0.5%.

Oil prices were trading higher, with no clear ending to the Iran war after more than two months. Some were hoping the Trump-Xi meeting could bring results, after U.S. officials said Beijing could use its close economic ties with Tehran to press Iran to reopen the Strait or Hormuz.

Brent crude, the international standard, was up 0.4% at $106.04 per barrel. It was around $70 a barrel before the war in Iran started late February. That also came after the International Energy Agency said Wednesday that supply losses from the strait were “depleting global oil inventories at a record pace.”

Benchmark U.S. crude was also up 0.4% to $101.43 per barrel.

Investors are also watching for updates on China’s imports of Nvidia’s advanced H200 chips, after Nvidia CEO Jensen Huang was confirmed to be a part of Trump’s China trip alongside other top executives including Tesla’s Elon Musk and Apple’s Tim Cook.

On Wednesday, technology stocks led Wall Street gains. The benchmark S&P 500 climbed 0.6% to 7,444.25 and reached another all-time high. The Dow Jones Industrial Average edged down 0.1% to 49,693.20, while the technology-heavy Nasdaq composite rose 1.2% to 26,402.34 and set its own record.

In other dealings, the yield on the U.S. 10-year Treasury edged down to 4.46% from 4.47% though still significantly above around 3.97% from before the Iran war began.

A report Wednesday showed that U.S. wholesale prices surged in April, fueled by impacts from the Iran war-caused energy shock. On Wednesday, the U.S. Senate also confirmed Kevin Warsh, Trump’s nominee, to lead the Federal Reserve. He would be take over from Jerome Powell, who had been criticized by Trump repeatedly for not cutting rates faster or deeper.

The U.S. dollar fell to 157.85 Japanese yen from 157.86 yen. The euro was trading at $1.1715, up from $1.1711.

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AP Business Writer Stan Choe contributed to this report.

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TOKYO, May 14 (Reuters) – Honda Motor posted its first annual loss in nearly 70 years as a listed company on Thursday, hit by U.S. tariffs and more than $9 billion in costs to restructure its electric-vehicle business.

Its operating loss totalled 414.3 billion yen ($2.63 billion) for the year ended March, compared with a median estimate of a 315.6 billion yen loss in a poll of 22 analysts by LSEG and a 1.2 trillion yen profit a year earlier.

Japan’s second-largest automaker booked total EV-related losses of 1.45 trillion yen for the business year ended March and expected to face additional costs of 500 billion yen for the year just started.

The company still expects to return to profitability this year, forecasting a 500 billion yen profit on cost-reduction measures and its profitable motorcycle business.

($1 = 157.8300 yen)

(Reporting by Daniel Leussink; Editing by Jacqueline Wong)

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ANKARA, Turkey (AP) — Turkey removed a restriction on direct trade with Armenia on Wednesday in a symbolic gesture toward improved ties between the longtime rivals.

Turkey and Armenia have no formal relations and their joint border has been closed since the 1990s. Relations between the neighbors have been strained over historic grievances and Turkey’s alliance with Azerbaijan.

Armenia and Turkey agreed in late 2021 to work toward improving the relationship and appointed special envoys to discuss ways to reconcile and open the border. The efforts have resulted in the resumption of direct flights between the two countries and the easing of some visa restrictions.

Turkish Foreign Ministry Spokesman Oncu Keceli said Wednesday on social media platform X that technical and bureaucratic work aimed at opening the shared border was continuing.

Under a new arrangement, shipments of goods from Turkey or Armenia through a third country may now directly list their final destination or point of origin as Turkey or Armenia, lifting a prior restriction on such designations, Keceli said.

“In the light of the historic opportunity seized to strengthen lasting peace and prosperity in the South Caucasus, Türkiye will continue to contribute to the development of economic relations in the region and to further advancing cooperation for the benefit of all countries and peoples of the region,” Keceli wrote, using the government’s preferred spelling for Turkey.

Armenia welcomed the move.

“We would like to emphasize that this is an important step toward the establishment of full and normalized relations between the two countries, which could logically continue through the opening of the Armenia-Turkey border and the establishment of diplomatic relations,” Armenian Foreign Ministry Spokesperson Ani Badalyan said on X.

Turkey, a close ally of Azerbaijan, shut down its border with Armenia in 1993 in a show of solidarity with Baku, which was locked in a conflict with Armenia over Karabakh, a region internationally known as Nagorno-Karabakh.

In 2020, Turkey strongly backed Azerbaijan in its six-week conflict with ethnic Armenian forces backed by Armenia over Karabakh, which resulted in Azerbaijan regaining control of a significant part of the region and areas around it. Azerbaijan used Turkish military equipment in the conflict, including combat drones.

Turkey and Armenia also have a long and bitter relationship over the deaths of an estimated 1.5 million Armenians in massacres, deportations and forced marches that began in 1915 in Ottoman Turkey.

Historians widely view the event as genocide. Turkey vehemently rejects the label, conceding many died in that era but insisting the death toll is inflated and the deaths resulted from civil unrest.

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KUALA LUMPUR, Malaysia (AP) — Malaysia ’s maritime agency says Iranian-linked tankers are exploiting “jurisdictional gaps” to conduct ship-to-ship transfers of sanctioned oil near its waters, rejecting allegations that authorities ignored a long-running trade allowing Iran to evade U.S. sanctions.

U.S.-based advocacy group United Against Nuclear Iran (UANI) and shipping industry observers say waters near Malaysia’s southern Johor state have become a key hub for ship-to-ship transfers involving Iran’s “shadow fleet” — aging tankers that often operate with disabled tracking systems, false identities and opaque ownership structures to conceal the origins of crude bound largely for China.

The area, known as the Eastern Outer Port Limits, or EOPL, in the South China Sea is about 70 kilometers (45 miles) off Johor. It lies along one of the world’s busiest maritime trade routes and is about halfway between Iran and China, which buys about 90% of Iranian oil.

U.S. officials have previously said Iranian oil exports rely heavily on service providers and ship-to-ship transfers operating near Malaysian waters.

UANI says there have been 42 ship-to-ship transfers of Iranian oil conducted in the EOPL area since Feb. 28, when the U.S. and Israel attacked Iran, starting a war in the Middle East. UANI used satellite imagery to observe the operations.

“Because of Malaysia’s inaction, it is facilitating this business model by Iran and China and dark fleet actors,” senior UANI adviser Charlie Brown said, warning Malaysia is becoming “a facilitator rather than merely a transit point” for illicit activity.

Malaysian Maritime Enforcement Agency Director-General Mohamad Rosli Abdullah said the transfers are often done outside the country’s territorial waters and in remote areas beyond radar coverage, especially in locations near maritime boundaries or international shipping routes.

“The selection of such locations is intended to exploit jurisdictional gaps and limit direct enforcement action by local authorities,” he told The Associated Press.

The UANI allegations “do not align with the actual situation on the ground and do not reflect the operational realities of maritime enforcement conducted by the MMEA,” he said, adding that the lack of real-time intelligence-sharing among domestic and international agencies also hampers effective action.

Clandestine high-seas transfers from Iranian-linked tankers have persisted for years, allowing Tehran to sell its crude while offering buyers plausible deniability about the oil’s source.

While not illegal, Malaysia discourages unsanctioned transfers outside designated areas, where such operations can be supervised, as they greatly increase the likelihood of a spill, involve aging vessels and are carried out far from ports where mistakes could be more easily contained.

Despite a U.S. blockade of Iranian ports that started in mid-April, UANI said it has tracked Iranian-linked tankers still operating, though it is not clear how many are now getting through.

Neither the Iranian Embassy in Kuala Lumpur nor the U.S. State Department immediately responded to a request for comment.

As of Tuesday, two dozen Iranian-linked tankers tracked by UANI were anchored or loitering near the EOPL area used for transfers off Johor, though it was not clear how many had sailed before the blockade began.

“It’s business as usual,” UANI’s Brown told the AP.

UANI maintains that Malaysia could enforce environmental regulations for advance notification of ship-to-ship transfers, prevent Malaysian companies from providing support to ships involved and require all ships to carry adequate insurance against accidents and oil spills, among other things.

The MMEA director general said enforcement is conducted strictly under Malaysian law and relevant international conventions, and authorities have “never compromised nor provided any special treatment or privileges to any country.”

Though the area where the oil transfers are taking place is widely regarded as part of Malaysia’s broader economic zone, it borders the Riau Archipelago, which is Indonesian territory.

Indonesia’s Foreign Ministry said authorities were reviewing the situation to determine the legality of the activity. “Indonesia does not permit its territory or maritime zones to be used for unlawful activities,” said Foreign Ministry spokesperson Yvonne Mewengkang.

Indonesia upholds legitimate navigational rights under international law governing the seas including the right of innocent passage, transit passage and the right of passage through Indonesian maritime zones,” she added.

The MMEA director general noted that Malaysia earlier this year seized two vessels, one stateless and the other flagged to Cameroon, involved in the transfer of 2 million barrels of crude oil in Malaysian territorial waters.

The vessels were later released on bond for conducting unauthorized oil transfers. UANI’s Brown said one of the vessels was spotted earlier this month conducting a ship-to-ship transfer of suspected Iranian oil in the waters off Johor.

Malaysian authorities “will continue to strengthen monitoring and enhance strategic cooperation with relevant agencies to ensure that the nation’s maritime domain’s safety and sovereignty are consistently safeguarded,” the MMEA director general said.

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David Rising in Bangkok and Edna Tarigan in Jakarta, Indonesia, contributed to this report.

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WASHINGTON (AP) — The Senate on Wednesday is set to confirm President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world’s most powerful central bank at a fraught moment for the global economy.

Warsh’s confirmation was thrown into doubt in recent months after Republican Sen. Thom Tillis of North Carolina said he would block the nomination while the Justice Department investigated Fed Chair Jerome Powell. The Powell probe was dropped in April, clearing the way for the Senate to confirm Warsh.

Warsh, 56, a former top Fed official, is becoming chair at an unusually difficult time for the independent agency.

Inflation has topped the Fed’s 2% target for five years and is now rising faster because of spiking gas prices. The Fed’s interest rate-setting committee is divided and saw the most dissenting votes in more than three decades last month. And Powell, after years of personal attacks from the Republican president and an unprecedented legal investigation by the Justice Department, plans to stay on the Fed’s board even after his term as chair ends, potentially creating a competing power center.

The Senate is expected to vote on Warsh’s confirmation on Wednesday afternoon, a day after approving his nomination to the Fed’s Board of Governors. Pennsylvania Sen. John Fetterman was the lone Democrat to side with Republicans in confirming him to the board.

The Fed has faced numerous threats to its independence from Trump, who has repeatedly attacked Powell for not cutting interest rates. Trump also sought to fire Fed governor Lisa Cook and launched an investigation into brief Senate testimony by Powell on a building renovation.

Kevin Hassett, director of the White House’s National Economic Council, said in a Fox News interview on Sunday that he believes the markets are relieved that Warsh “is going to help lower interest rates over time.”

“Obviously, data driven. I’m not putting any pressure on Kevin Warsh,” Hassett said. “We know that he’s an extremely smart, competent person who could be very convincing when he talks to his colleagues.”

In December, Trump said on his social media platform that he wanted a Fed chair who would cut interest rates when the stock market rose — the opposite of what traditional economics would prescribe — and added, “Anyone that disagrees with me will never be the Fed chairman!”

Trump’s comments have fueled concerns over whether Warsh will set rates based on economic conditions or seek to cut rates to appease Trump, even if doing so could worsen inflation. At Warsh’s confirmation hearing last month, Sen. Elizabeth Warren, a Democrat from Massachusetts, derided him as a “sock puppet” for Trump. Warsh declined to say that Democrat Joe Biden had won the 2020 election against Trump, who has falsely claimed that voter fraud cost him reelection.

Still, Warsh denied at the hearing that Trump had pressured him to reduce the Fed’s key rate.

“The president never once asked me to commit to any particular interest rate decision, period,” Warsh said then. “Nor would I ever agree to do so if he had. … I will be an independent actor if confirmed as chair of the Federal Reserve.”

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Associated Press writer Joey Cappelletti contributed to this report.

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JAKARTA, Indonesia (AP) — Indonesian prosecutors on Wednesday sought an 18-year prison sentence for a co-founder of ride-hailing and payments giant Gojek over his alleged role in a corruption case tied to the procurement of Google Chromebook laptops for schools during the COVID-19 pandemic.

At a hearing at Jakarta’s Corruption Court, prosecutors also sought a fine of 1 billion rupiah (about $57,180) and requested the seizure of Nadiem Anwar Makarim’ s assets if he fails to repay 809 billion rupiah (about $48.2 million) linked to the program, along with 4.8 trillion rupiah (about $275.4 million) in funds they described as unexplained wealth.

Under the proposal, he would face an additional nine years in prison if he does not comply within one month after a final court ruling.

Makarim was arrested in September after an investigation into the procurement, which prosecutors say caused about $125 million in state losses. Earlier this week, judges approved a change in his detention status to house arrest following surgery.

The trial has drawn significant public attention, often attended by hundreds of “ojek” motorcycle taxi drivers showing solidarity for the man who revolutionized Indonesia’s gig economy.

The case centers on allegations that Makarim, who served as education minister from 2019 to 2024, “enriched himself” through the government’s Chromebook procurement program in 2020–2022. Prosecutors told the three-judge panel that he abused his position to influence policy decisions and corporate dealings.

They alleged Makarim pressured Google to invest in PT Aplikasi Karya Anak Bangsa (PT AKAB), the parent company of Gojek, which later became part of GoTo Group.

During proceedings, prosecutors downplayed testimony from three former Google executives who said Google’s investment in GoTo was unrelated to the Indonesian government’s decision to procure Chromebooks for schools.

“Google’s investment in GoTo is considered a mutually beneficial relationship that may have influenced Chromebook procurement policy,” prosecutors told the court, asserting that the Chromebook procurement and Google’s investment — totaling about $787 million via Google Asia Pacific — were interconnected.

A panel of judges is expected to deliver a verdict in the coming weeks. If convicted, Makarim faces one of the harshest corruption sentences in recent Indonesian history.

Responding to the sentencing demand, Makarim denied wrongdoing and criticized what he called an excessive punishment.

“These are lawful earnings from building a company and creating jobs,” he told reporters after the hearing, referring to his stake in Gojek, “I am effectively being charged with 27 or 28 years in prison, far more than many violent criminals.”

He said there was “no administrative violation and no element of corruption” in his actions, adding that the restitution sought by prosecutors far exceeded his actual wealth.

The Chromebook program was launched during the pandemic to support remote learning. Prosecutors said Makarim favored Chromebooks despite concerns they were ineffective in areas with limited internet access.

Makarim has maintained that procurement decisions were made by technical officials, not by him. His lawyers argue he divested from PT AKAB upon taking office and that his wealth declined during his tenure.

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SYDNEY, May 13 (Reuters) – The Trump Organization said on Wednesday it abandoned a plan to build its first tower in Australia less than three months after signing the deal, citing an Australian partner’s failure to meet certain financial obligations.

The group signed in February with Altus Property Group to develop a 91-storey skyscraper, a project worth A$1.5 billion ($1.09 billion), on the Gold Coast, a popular seaside and tourist destination in Australia’s Queensland state.

It said the project was contingent on licensing partner Altus meeting some obligations that were not fulfilled, and added it would explore other potential projects to build a Trump property in Australia soon.

Altus and Young did not immediately respond to Reuters’ requests for comment.

“After months of negotiations and empty promise, after empty promise, on a supposed A$1.5 billion project, Altus Property Group was unable to meet the most basic financial obligation due upon the execution of the agreement,” a Trump Organization spokesperson said by email.

The spokesperson said Altus Chief Executive David Young blamed “some world events” for the termination, calling that “merely a ploy to distract from his own defaults and failures.”

The Australian Financial Review newspaper reported the development would proceed without the Trump name and quoted Young denying unmet obligations.

Altus had pitched a “six-star resort-hotel”, 270 apartments, shops, a beach club and a pool, with apartments likely starting at A$5 million ($3.62 million).

Some Gold Coast residents had opposed the tower with an online petition gathering more than 140,000 signatures. The page said they were “deeply uncomfortable with the Trump brand and what it represents.”

($1 = 1.3820 Australian dollars)

(Reporting by Renju Jose in Sydney; Editing by Jacqueline Wong)

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May 12 (Reuters) – Emergency medical ‌services provider GMR Solutions has raised $478.7 million in its U.S. initial public offering, the company said on Tuesday, after selling 31.9 million shares at $15 apiece.

The Lewisville, ​Texas-based company, known as Global Medical Response, has secured a valuation of roughly $3.35 billion.

GMR Solutions had lowered its expectations after initially targeting up to $797.9 million through a proposed price range of $22 to $25 apiece.

The rebound in IPO activity has boosted market sentiment, prompting companies to accelerate listings while the market window remains open, even as persistent volatility and geopolitical uncertainty continue to weigh on investor appetite.

GMR is a U.S.-based emergency medical services provider offering air and ground ambulance transport, mobile healthcare and disaster response services, with operations spanning urban and rural communities nationwide.

The company, which completed a $5.4 billion refinancing in 2025, operates across 1,400 U.S. counties.

In 2015, investment firm KKR acquired air ambulance provider Air Medical from Bain Capital in a roughly $2 billion deal.

The New York-based firm later combined Air Medical with American Medical Response in 2018, after acquiring the company from Envision Healthcare for $2.4 billion, to form Global Medical Response.

GMR is expected to begin trading on the New York Stock Exchange on Wednesday under ​the symbol “GMRS”, with J.P. Morgan, KKR and ​BofA Securities among the underwriters on the offering.

(Reporting by Prakhar Srivastava in Bengaluru and Carlos Méndez in México City; Editing by Shailesh Kuber and Sherry Jacob-Phillips)

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