A 61-year-old Serbian man was almost sucked out of a Ryanair flight after a piece of the plane's engine broke off and struck a window on the Boeing 737-800, causing it to shatter.
The man's wife and other passengers pinned the man to his seat for five minutes as his "head and shoulders" were hanging outside the plane, which had left Greece's Macedonia airport for Germany at 5:55 a.m. CNN Greece reports.
"The plane window broke and his wife held him for 5 minutes from the feet so that he would not leave. With the help of many passengers, they managed to pull him into the cabin," said trade union official, Michalis Giannakos, adding "the injured person is in shock and with friction burns."
Engine debris shattered a cabin window on a Ryanair Greece–Germany flight, nearly pulling a 61-year-old passenger out. She suffered friction burns. pic.twitter.com/cGh1Wwmoq3
— Open Source Intel (@Osint613) July 10, 2026The window shattering sounded like "a tire bursting," one passenger told Radio Thessaloniki, adding "We immediately realised there had been a decompression. There were screams … for a moment I thought someone had accidentally opened the emergency door."
"The masks dropped and there was a strong smell. The head and shoulders of one passenger were outside the window. Fortunately, he hadn’t taken off his seat belt."
BREAKING: Ryanair passenger reportedly saved from being sucked out the cabin after window fails during a flight from Thessaloniki to Memmingen.
According to local media Ryanair flight FR1879, a Boeing 737-8AS, returned safely to Greece on Friday after part of a damaged engine… pic.twitter.com/YPgRodjPFp
"A Ryanair flight from Thessaloniki to Memingen on Friday morning (10 July) returned to Thessaloniki shortly after take-off when a passenger window detached on the fly. The aircraft landed normally and passengers returned to the terminal," the airline said in a statement cited by ENIKOS.
"One passenger requested and received medical assistance on the ground in Thessaloniki," the statement continues. "In order not to be long overdue, an aircraft was mobilized to transport the passengers to Memingen, which departed Thessaloniki at 9:35 local time this morning."
Tyler Durden Fri, 07/10/2026 - 09:45After a relentless collapse in the yen to a 40 year lows, the trajectory was finally dented overnight when Japan’s finance minister called for the nation’s massive pension funds to increase investments in domestic assets, boosting the yen from near four-decade lows and spurring a rally in bonds.
“One priority is to encourage households, as well as pension funds including the GPIF, to increase their investment in Japanese financial assets. We intend to pursue policies that support that objective,” Finance Minister Satsuki Katayama said Friday, referring to the Government Pension Investment Fund. It’s one of the world’s largest pensions with ¥293.6 trillion ($1.81 trillion) in assets.
The remarks in response to a question at a regular press briefing about government investment plans caught markets off guard, leading to a jump in the yen and a drop in bond yields. Both assets had been under considerable stress this week.
According to Bloomberg, Katayama’s comments on the GPIF were prepared in advance, citing a person familiar with the matter said. It’s unclear if they were intended to be form of verbal intervention, although they certainly impacted the yen more than the recent BoJ rate hike or ongoing currency jawboning.
Japan's giant GPIF pension fund is overseen by the labor ministry, not finance, and any changes to its investment strategy would have to go through an established process that would take time to implement. If any changes to allocations were to occur, the implications could spread beyond Japan. The nation is the largest foreign holder of US Treasuries with a $1.2 trillion stockpile, and almost $5 trillion of the country’s capital is deployed overseas.
Ironically, over the past decade, the big push domestically was for the GPIF to invest more abroad, especially in US equities, at a time when Japanese stocks languished for year after year. However, with the Nikkei now significantly outperforming the S&P, it is hardly a surprise that local authorities are pushing for another reallocation, this time from abroad back to home.
Katayama’s comments were in response to a question on how the government’s plan to increase investment in strategic areas, such as artificial intelligence, would benefit its people. Prime Minister Sanae Takaichi unveiled a plan last month for ¥370 trillion to be invested in the economy over the course of 14 years, with more than a quarter of it earmarked for AI and chips alone.
“We want to ensure that the public can directly benefit from Japan’s economic growth,” Katayama said.
The Takaichi administration is a well-known proponent of accommodative monetary policy. An early draft of its economic policy guidelines released last month fanned market worries that the government is trying to exert influence over the BOJ, prompting several revisions to tame concerns. Katayama also said on Friday that monetary policy should be handled by the BOJ.
The call to reallocate investments signals the government’s intention to channel more household and institutional savings into domestic assets as the nation enters a new phase of economic growth accompanied by positive interest rates. Japanese equities have performed strongly this year, with the Nikkei 225 recently climbing above the 70,000 mark for the first time.
While it’s not clear how seriously the government is considering the issue, a reallocation of funds toward domestic investment would be a boost for the yen near 40-year lows. Besides rate-differentials with the US that have weighed on the currency, the yen has also been under pressure from capital outflows and concerns about the Bank of Japan’s independence.
In immediate response to the comments, the yen strengthened to as firm as 161.29 per dollar before paring some gains. Bonds rallied, with yields across the curve declining about 10 basis points.
GPIF’s potential changes “cannot be ignored” given the size of its assets under management, said Yugo Tsuboi, chief strategist at Daiwa Securities. Katayama’s comments “could help sustain a ‘triple rally’ of bonds, the yen and stocks in the Japanese market.”
Some market participants doubted whether the comments will lead to any changes in asset allocation.
However, some traders doubt whether the comments will lead to any changes in asset allocation.
In a note from Goldman's FX team titled "The Scope for Japanese Repatriation Flows" (available to pro subs), the bank cautions that the comments do not signal an actual shift in government policy. Their framing is that meaningful repatriation flows, if they occur, would be one of the more credible paths to the yen correcting its severe undervaluation - while noting investor anticipation of such flows has repeatedly picked up over the past year (e.g., after the snap election) without materializing.
"We have long been skeptical of the scope for significant JPY-positive repatriation flows without a more favorable rate differential, especially since GPIF also has a return target that it needs to achieve. But any meaningful reallocation back towards domestic assets should be a source of support for the Yen, in addition to any rise in recession risk or more aggressive BoJ hikes" wrote Goldman strategist Karen Reichgott Fishman
In a separate note titled "GPIF to the Rescue?", Goldman said that Katayama's remarks sparked a JGB reversal rally, with 5y+ JGBs richening 5–11.5bps, but here too the bank's stance was skeptical, calling the rally "an overreaction," and noting that the FinMin used the broad term "Japanese financial assets" and did not explicitly commit GPIF to buying JGBs in size. They maintain a structurally bearish bias on ultra-long JGBs ahead of 20y/40y supply, and don't see this as a structural turnaround.
Others agreed: “The macroeconomic backdrop has not changed, so it is difficult to see the yen strengthening for long,” said Kazushige Kaida, head of FX sales at State Street Bank & Trust Co.’s Tokyo branch. “If the latest comments suggest that the government is simply looking for ways to ease the pain of its reflationary policy, rather than abandoning it, then the broader story of yen weakness remains intact.”
The GPIF sets asset allocation parameters every five years. In March 2025, the fund decided to keep splitting a quarter of its funds equally between domestic stocks and bonds, foreign equities and debt. The fund also cut the maximum deviation from the target to 5-6 percentage points depending on movements by the various asset classes, from 6-8 percentage points.
GPIF posted its third best annual return on record in the 12 months ended March 31, according to a statement earlier this month. About half of the fund’s assets are invested overseas. The combined assets under management of Japan’s four public pension funds, led by GPIF, total about ¥332 trillion.
A shift “toward Japanese financial assets would be positive for Japanese equities,” said Yukihiro Kawanishi, a senior strategist at Aizawa Securities. “It could also encourage overseas investors, who have already moved ahead of the trend, to increase their allocations.”
Tyler Durden Fri, 07/10/2026 - 09:40Authored by Micah Zimmerman via BitcoinMagazine.com,
Strategy’s recent bitcoin sales and its formal monetization program have rattled investors, but JPMorgan analysts see a bigger danger to bitcoin: blockchain adoption that routes around public networks and the tokens that ride on them.
In a report led by managing director Nikolaos Panigirtzoglou (ZH: available here for professional subscribers), the bank argued that Strategy is not the main structural threat to the asset.
The company sold 3,588 bitcoin for $216 million in early July to cover preferred dividends, its largest disposal on record, and such sales can add bursts of selling pressure. The deeper concern, the analysts said, is where tokenization, payments and settlement end up.
Should that activity settle on permissioned rails rather than public chains, the crypto ecosystem could face a structural de-rating — thinner liquidity, weaker capital flows and slower on-chain volume — a drag that would reach bitcoin in time.
Institutions have leaned toward permissioned blockchains, which offer privacy, know-your-customer and anti-money-laundering controls, governance, throughput, legal accountability and regulatory certainty.
That preference, per JPMorgan, creates a competitive problem for public networks like Ethereum.
The analysts cited the Bank for International Settlements, which has warned against public permissionless chains for systemic financial infrastructure and has pushed instead for “unified ledgers” that hold tokenized central bank money, bank deposits and assets inside regulated walls.
Tokenization as a real-world use caseBanks are building to that spec. Tokenized deposits — digital claims on bank balances, backed by banking regulation and deposit insurance — stand out as the clearest case. Should such deposits spread in the non-transferable forms regulators favor, they could crowd out stablecoins in institutional payments.
SWIFT’s blockchain project and central bank digital currency efforts such as the digital euro and digital yuan would reinforce that regulated lane.
Real-world asset tokenization tells a similar story. The market sits near $50 billion, much of it on Ethereum for now, though the analysts read that as early experimentation rather than a settled structure.
As adoption matures, issuance, custody and settlement could migrate to private infrastructure, leaving public chains for distribution and interoperability. DTCC and Securitize show the pattern in motion, and the analysts questioned whether public settlement is even the most efficient model for regulated firms, given the capital savings of deferred, netted settlement.
What could prove JPMorgan wrongThe Clarity Act, even should it pass this year, might not lift the threat; it could embolden bank-issued deposit tokens at the expense of public stablecoins.
The analysts flagged three ways their thesis breaks: a hybrid model where both chain types matter, stronger stablecoin adoption under friendly rules, or bitcoin holding its role as “digital gold” and a debasement hedge whatever happens across the rest of crypto.
JPMorgan's full report is available here for pro subs...
Tyler Durden Fri, 07/10/2026 - 09:25