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Ryanair Holdings Plc lifted its full-year passenger goal and played down the likely impact of a recession on demand, saying bookings are looking strong as far ahead as next summer. Europe’s biggest discount airline expects to fly 168 million people in the year through March, up from 166.5 million previously, according to a statement on Monday. It said earnings should …

Traders took China’s reiteration of the Covid Zero strategy in their stride, focusing instead on an eventual reopening and continuing to scoop up the nation’s battered shares. That meant another day of gains for equity indexes in Hong Kong and China as they try to stage a sustainable rebound after months of heavy losses. Tech and property shares — ones …

US equity-index futures rose and a bond selloff stalled as some investors bet a period of disinflation has already begun and the midterm election results will be favourable to markets. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.4% each after dropping earlier. Most Treasuries erased losses, leaving only the two-year yield higher on the day. …

Tesla Inc is sending engineers and production staff from its recently upgraded Shanghai factory to its plant in Fremont, California, in a bid to boost production at the US facility. The Elon Musk-led carmaker will dispatch staff — in particular automation and control engineers — to assist efforts to increase output in Fremont, where Tesla produces the Model S, X, …

Apple Inc.’s Taiwanese contract manufacturer Pegatron Corp. has begun assembling the company’s latest iPhone 14 model in India. That move makes Pegatron the second Apple supplier to produce the iPhone 14 in the country. It comes at a time when Apple’s key iPhone Pro manufacturing hub in the Chinese city of Zhengzhou — operated by Foxconn Technology Group — was …

Abu Dhabi / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, said that the UAE’s participation in the 27th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) in Egypt will set a milestone in its path to climate action and an affirmation of its pioneering model regionally …

Abu Dhabi / WAM The United Arab Emirates (UAE) is participating in the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), being held in Sharm el-Sheikh, Egypt, with a delegation consisting of a diverse range of delegates, representing over 70 public and private entities, policymakers, negotiators, business leaders, a number of female and …

Singapore Airlines Ltd. posted a second consecutive quarterly profit as it continues to rebuild from the Covid crisis, which saddled it with record losses in 2021. Net income was S$557 million ($394 million) in the three months through September, compared with a loss of S$428 million a year earlier, Singapore Airlines said in a statement. Revenue was S$4.5 billion, up …

Italy will speed up drilling for new sources of domestic gas in a bid to lower energy prices for its industries, reversing a decade of restrictions on new exploration. The plan is part of the new Prime Minister Giorgia Meloni’s first budget law, and the government is pledging €30 billion of additional energy aid. The government estimated about 15 billion …

Shares of Brazil’s state-controlled oil producer Petrobras erased their gains for the year as fears of increased political intervention with Luiz Inacio Lula da Silva as president are driving investors to dump the stock. Petroleo Brasileiro SA’s shares closed down 5.5% to 28.30 reais in Sao Paulo, and have shed over $20 billion in market value since their October peak. …