Bloomberg At least a dozen people died after a plane crashed shortly after takeoff in southeastern Kazakhstan, leading local authorities to ground the rest of budget carrier Bek Air’s fleet. The twin-turbofan Fokker 100 aircraft was carrying 98 people including five crew members, Kazakh Deputy Prime Minister Roman Sklyar said at a news conference in the former capital Almaty. Another ...

Bloomberg Go Airlines India Ltd. said delays by Airbus SE in delivering new A320neo jets were partly to blame for flight turmoil, adding to evidence the European planemaker may be struggling to meet production targets. GoAir “experienced delivery delays during the month of November and December, adding to its operational challenges,” it said in an emailed statement. The budget carrier ...

Bloomberg China launched a Long March 5 rocket from the island province of Hainan, a key step in its ambitions to reach Mars and cement its place as a major power in space exploration. The country’s largest carrier rocket, with a diameter of 5 meters (16 feet), blasted off from Wenchang Satellite Launch Center at 8:45 pm local time and ...

Bloomberg Boeing Co. said another high-ranking executive working on the company’s response to the 737 Max crisis will step down. Michael Luttig, 65, will retire at year-end, Boeing said in a statement, three days after the planemaker announced the departure of Dennis Muilenburg as chief executive officer. Luttig, the company’s former general counsel, was reassigned in May to advise Muilenburg ...

Abu Dhabi / WAM The UAE Cabinet chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the issuing of a Federal Law on Consumer Protection which comes in light of the government endeavours to achieve the continuous development of the legislation that affects the lives of ...

Bloomberg Oil settled above $61 a barrel amid light volume as US President Donald Trump said a preliminary trade deal with China is “done” and ahead of government data expected to show another crude stockpile decline. Futures rose 1% in New York to close at a three-day high. Trump suggested that the US and China will sign a trade agreement ...

Fujairah / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, highlighted the importance of the Etihad Rail Project to enhancing the UAE’s position in the road transport sector, as well as of linking the regions and ports around the country through a modern road network, in line with the latest international practices. He ...

Bloomberg China’s imports of US soybeans rose to the highest in 20 months in November after more American cargoes cleared customs ahead of the signing of a partial trade deal in January. China’s inbound shipments from the US surged to 2.6 million tons, the highest since March 2018, and up from about 1.1 million tons in October. China imported almost ...

ABU DHABI / WAM The Government of Abu Dhabi and Aldar Properties have agreed on an exchange of land assets in a transaction that will see the redistribution of land resources suitable for development in accordance with both the Abu Dhabi Government and Aldar’s respective strategic priorities. The agreement, implemented by the Abu Dhabi Department of Municipalities and Transport, contributes ...

Fujairah / WAM A century after the shipping industry moved from coal to oil as its primary energy source, another change on the same scale is now under way – one prompted this time by a change in environmental regulations. The shift could provide a significant boost to the status of the UAE’s East Coast Port of Fujairah as a ...