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Russia's plane shortage hinders air travel as wartime wages boost demand

Rostec, whose subsidiary United Aircraft Corporation controls almost all of Russia's major aircraft producers, appears still far from making that dream a reality

China's state media praises some US firms amid fears of new trade war

The China Daily also noted that Morgan Stanley received regulatory approval in March to expand its China operations, citing this as evidence of foreign financial firms' enthusiasm for investing

Toyota's global output falls for ninth month in October, production dips

In Japan, which accounts for about a third of Toyota's worldwide output, production climbed 8%, bouncing back from weak numbers a year ago when an accident at a supplier's facility led to a partial

UK house prices slightly more affordable in 2024, reports Halifax

The Bank of England raised interest rates to a 15-year high of 5.25 per cent in August 2023 and started to cut them in August this year followed by a further reduction to 4.75 per cent this month

BlackRock agrees to buy private credit group HPS Investment Partners

BlackRock, the world's largest asset manager overseeing more than $10 trillion, is seeking to capitalize on a boom in investor demand for alternative assets, ranging from private equity to infra

Adani bribery allegations highlight India's renewable energy struggles

SECI's chairman told Reuters last month that a three-fold increase in tendering of renewable projects has left 30 GW of projects for which bidding is complete, but without buyers

Biden prepares $725 million arms package for Ukraine, says US officials

Although more than 160 countries have signed a treaty banning their use, Kyiv has been asking for them since Russia launched its full-scale invasion in early 2022 and Russian forces have used them on

AstraZeneca asthma drug more effective than steroids during attacks: Study

The researchers found that Fasenra can be more effective than the oral corticosteroid prednisolone when injected during an attack, also called an exacerbation, which can involve symptoms such

UK services sector sentiment drops at fastest rate in two years, says CBI

The index represents the difference between the percentages of businesses which say they are more optimistic and those who are more pessimistic

RBI to delay cutting rates to early 2025 amid inflation concerns: Poll

Twenty-one of 48 common contributors who provided rate forecasts last month and this month pushed their expectation for the first rate cut from December to February or later

Mexico warns Trump tariffs may kill 400,000 US jobs, threatens retaliation

Mexican President Sheinbaum and US President-elect Trump spoke by phone later on Wednesday, with the two discussing topics at the top of Trump's agenda

Tanzania to keep pact with Adani for container terminal, says official

Adani Ports also struck a share purchase agreement for a 95 per cent stake in state-owned Tanzania International Container Terminal Services for $95 million

Gold prices rebound as dollar weakens ahead of key US inflation data

Gold registered its deepest one-day decline in more than five months on Monday, and hit its lowest since Nov. 18 in the previous session, as safe-haven demand for the metal softened

Asia to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

The United States accounts for 61 per cent and 56 per cent of crude exports from Canada and Mexico

Bangladesh steps up security, arrests 6 for lawyer's killing amid protests

Police also detained 21 others for vandalism and assaulting police officers during the unrest

'Corrupt Solar Project': Adani embroiled in US findings of bribery scheme

US prosecutors charged Gautam Adani, his nephew Sagar Adani who is director at Adani Green, and six others in running an alleged bribery scheme

India stocks to see slow recovery as Adani indictments weigh, say analysts

Turbocharged by a new crop of optimistic young investors with access to financial markets, India's benchmark BSE index and the Nifty 50 have both posted yearly gains

FAA will not require urgent 737 MAX engine action after bird strikes

FAA Corrective Action Review Board reviewed the CFM LEAP-1B engine bird strikes which led to smoke entering two Boeing 737 MAX aircraft

OPEC+ production cuts may support oil prices in near term: Goldman Sachs

OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January

Goldman warns of likely Asia LNG price rise on European supply crunch

There will also be delays in the upcoming LNG supply projects across the Americas, so Europe and Asia will have access to less LNG next year than originally expected, analyst at Goldman Sachs said