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Bloomberg Boeing Co set a target of designing and certifying its jetliners to fly on 100% sustainable fuels by 2030 amid rising pressure on planemakers to get serious about climate change. Regulators currently allow a 50-50 blend of sustainable and conventional fuels, and Boeing said it would work with authorities to raise the limit. Rival Airbus SE is considering another ...

Bloomberg Brent oil extended gains to above $56 a barrel, rising with other assets on hopes of more US economic stimulus. While crude prices have undulated with the dollar and broader risk assets in recent days, it’s also being supported by renewed strength in the market’s structure. US crude’s closest contract is near the most expensive versus those for six ...

Bloomberg The International Energy Agency (IEA) lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly report. “But it will take more ...

Bloomberg Europe’s aviation safety regulator is poised to clear the Boeing Co 737 Max for a return to service in the region, marking a major step in the jet’s global comeback from two deadly crashes. The final airworthiness directive will be issued next week, spelling out required changes and added pilot training requirements, European Union Aviation Safety Agency Executive Director ...

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second ...

Bloomberg Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago. Premiums for Russia’s ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and ...

Bloomberg Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound. Futures in New York tumbled 2.3% after a rally in oil earlier in the week pushed the benchmark into overbought territory. The US dollar strengthened, reducing the appeal of commodities priced in the currency. US consumer ...

ABU DHABI / WAM The UAE has strongly denounced the Iranian-backed Houthi terrorist militia’s attempts to target Saudi Arabia with three explosive-laden drones, which were intercepted by Coalition forces. In a statement on Saturday, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) renewed its full solidarity with Saudi Arabia against these cowardly terrorist acts and the UAE’s full stand ...

Bloomberg A year ago, President Xi Jinping asked the US to treat Chinese companies “fairly” in a letter read out at the White House to mark the signing of a landmark trade deal between the world’s biggest economies. At the time, President Donald Trump’s actions against China Inc had mostly been aimed at tech giant Huawei Technologies Co, which had ...

Bloomberg Health-workers flashed victory signs after being given coronavirus vaccines and top officials sought to dispel fears about the shots as India kicked off one of the largest inoculation drives in the world on Saturday, setting in motion a complex plan to stem infections across a nation of more than 1.3 billion people. At hospitals and vaccination centers across major ...