Japan spent a record 6.3 trillion yen ($42.4 billion) in October to counter the yen’s sharp slide against the dollar, as it tried to limit speculative moves adding to pressure on the currency. The finance ministry disclosed on Monday data for the period between September 29 to October 27. Central bank figures and market estimates of money flows with the ...
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Airbus SE maintained its year-end delivery target for aircraft, while cautioning that production disruptions could last into next year amid persistent shortage in labour and raw materials at suppliers. The planemaker said it still strives to hand over 700 aircraft this year, and the company is working towards boosting output of its bestselling A320 family to 75 by 2025. Airbus ...
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Boeing Co. released a bullish 20-year forecast for China’s commercial jet market, confident that the country can emerge from the challenges of Covid-19 and a slowing economy and be a major driver of sales. The US manufacturing giant expects China to need 8,485 new passenger and freighter planes valued at $1.5 trillion through 2041. That figure is more than a ...
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Gujarat / WAMÂ Â Â Â Narendra Modi, Prime Minister of India, on Sunday laid the foundation stone of the C295 aircraft manufacturing facility – the first aircraft manufacturing facility in India’s private sector. Asian News International quoted the Indian Prime Minister as saying that India is becoming a big manufacturing hub for the world. “Transport aircraft will give strength to our forces, ...
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Abu Dhabi / WAM The Federal Tax Authority (FTA) launched a mechanism for refunding value added tax (VAT) incurred on building and operating mosques on the FTA’s e-Services portal, in light of cabinet decision No. (82) of 2022 in that regard, which came into force on October 29, covering all mosques in the UAE, provided that the refund applications are ...
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Abu Dhabi / WAM The 2022 Opec World Oil Outlook (WOO) will be launched at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2022 in Abu Dhabi on Monday, October 31. Opec’s Secretary General, Haitham Al Ghais, along with Opec experts, will present the major findings of the WOO 2022, as well as introduce a video with key messages ...
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China increased financial assistance to the Solomon Islands and Kiribati, its newest diplomatic partners in the Pacific, even as it cut overall support for the region in 2020, research by the Lowy Institute found. Total development finance from the world’s second-largest economy fell to $187.9 million in 2020 from $205.4 million the previous year, according to the Pacific Aid Map ...
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Turkey is holding talks with Russia after Moscow pulled out of the July agreement to allow Ukrainian crop shipments, a pact seen as critical to alleviate the global hunger crisis. Russia said Saturday that it was suspending the agreement, blaming strikes on its naval fleet, and on Sunday suggested without evidence that the drone attacks were launched from the Odesa ...
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Brazilians head to the polls Sunday for a presidential runoff between incumbent Jair Bolsonaro and former President Luiz Inacio Lula da Silva, in what’s become the country’s most significant election since the return of democracy almost four decades ago. Polling stations opened at 8 a.m. and will close at 5 p.m. local time, with the governorships for states including Sao ...
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At least 153 people were killed and dozens injured following a crowd crush during Halloween celebrations in Seoul, marking one of the deadliest incidents in South Korea in years. The crowd surge occurred Saturday night in the popular nightlife district of Itaewon, after a large number of people entered a narrow alley behind the Hamilton Hotel, fire and police authorities ...
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