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Bloomberg Russia plans to support a further gradual increase in Opec+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never ...

RIYADH / WAM The Official Spokesman for the Coalition to Restore Legitimacy in Yemen Brigadier General Turki Al-Malki said that the terrorist Houthi militia launched a ballistic missile from Amran governorate on Saturday morning, using civilian objects as a launch site. The missile fell short in Yemeni territory east of Al-Yatmah, Al-Jawf governorate, he added in a statement. “The Houthi ...

Bloomberg Britain and the European Union (EU) will enjoy a “special relationship” as a result of the historic trade agreement that was reached, according to UK Cabinet Office Minister Michael Gove. “We can now embark on a new, more hopeful, chapter in our history,” Gove said in an article published in the Times of London newspaper on Saturday. “We can ...

Bloomberg Airbus SE has solicited engine ideas for a narrow-body jetliner in development, drawing a proposal for a new geared design from General Electric Co. GE’s preliminary proposal, disclosed in a court opinion, reveals previously unreported talks between the engine maker and Airbus for a “next-generation” plane. The court decision was later sealed, indicating the high level of interest in ...

Bloomberg The US will require passengers flying from the UK to show proof of a negative test for coronavirus, amid rising concerns over a more-contagious Covid-19 strain that is spreading after first emerging in England. Travelers arriving from the UK need to get a negative polymerase chain reaction or antigen test no more than 72 hours before leaving, according to ...

Bloomberg Seven labour groups representing workers at South African Airways (SAA) who’ve not been paid since March agreed to accept a settlement offer of three months’ wages, a move that will aid the government’s efforts to revive the bankrupt state airline. Members of the groups, including the South African Transport and Allied Workers’ Union and the Solidarity union, will also ...

Bloomberg An Air Canada Boeing 737-8 Max on a test flight suffered engine issues that forced the crew to shut down one of the plane’s engines and make an emergency landing in Tucson, Arizona, Aviation24.be has reported. Shortly after takeoff, the crew received an indication of hydraulic low pressure in the left engine, the website said. The three-member crew of ...

Bloomberg Japanese retail sales resumed falling and Tokyo consumer prices slid the most in a decade amid slumping energy costs and record virus cases that kept shoppers home and darken the recovery outlook. Retail sales fall 2% in November from the prior month, as consumers continued to cut back on apparel purchases, the economy ministry reported. Analysts had forecast an ...

Bloomberg Boeing Co. plans to extend work on 787 Dreamliner jetliners at its main widebody factory north of Seattle for months after it shutters production there next year and shifts final assembly to South Carolina. The planemaker intends to used the freed up space at the Everett, Washington plant to inspect and repair any defects in the carbon-composite airframes of ...

Bloomberg Mitsubishi UFJ Financial Group Inc.’s next banking unit chief vowed to target business in Asia, while signaling the potential for cutbacks in developed markets as plunging interest rates dent profitability. “In Asia, we will pursue growth,” Junichi Hanzawa, 55, told reporters after being appointed president of MUFG Bank Ltd. “In Europe and the US, where interest rates are very ...