Thursday , 1 January 2026

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Mitsubishi test jet takes off on third attempt to reach USA

  Bloomberg Mitsubishi Aircraft Corp., the builder of Japan’s first home-made passenger jet, said a test aircraft took off on its third attempt to fly to the U.S. Monday after aborting flights last month due to problems with air-conditioning sensors. The jet left Nagoya airport at 1:28 p.m. today, said Kenichi Takemori, a Nagoya-based spokesman for Mitsubishi Heavy Industries Ltd., …

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EU risks billions in sanctions as WTO faults Airbus support

  Bloomberg The European Union failed to eliminate subsidies to planemaker Airbus Group SE that were previously found to violate trade rules, the World Trade Organization said in a ruling that opens the door to billions of dollars in sanctions against Brussels. The finding by a WTO compliance panel Thursday strikes a blow to the EU in a long-running dispute …

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Saudi Arabia bolsters banks with $5.3bn to boost financial stability

  Bloomberg Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of low oil prices. The Saudi Arabian Monetary Agency, as the central bank is known, said it decided to give banks about 20 billion riyals ($5.3 billion) in the form of time deposits “on behalf of …

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