The Boeing 787 Dreamliner that crashed in India on Thursday is the pride of the US company’s catalogue for long-distance planes: a fuel-efficient, wide-body aircraft able to transport up to 330 people.- Lightweight -After first entering service in October 2011, with Japan’s All Nippon Airways, 2,598 of the planes have been ordered by more than …
787 Dreamliner is Boeing’s flagship long-distance plane Read More »
Air India’s London-bound flight 171 that crashed on Thursday with 242 people on board was a Boeing 787-8 Dreamliner, part of India’s bold push to radically expand its air industry sector.The growth of its economy has made India and its 1.4 billion people the world’s fourth-largest air market — domestic and international — with IATA …
Myanmar’s economy is set to shrink 2.5 percent in the 2025/26 financial year, largely as a result of March’s devastating magnitude-7.7 earthquake, the World Bank said on Thursday.The country’s economy had already been battered by four years of brutal civil war when the March 28 tremor hit, killing nearly 3,800 people and destroying swathes of …
March quake to drive 2.5% drop in Myanmar GDP, says World Bank Read More »
All is calm at Satoshi Yamazaki’s rice farm, with its freshly planted rows of vivid-green seedlings, but a row over the cost of the staple in Japan is threatening to deal the government a blow at the ballot box.Shortages of the grain caused by a supply chain snarl-up have seen prices almost double in a …
Rice prices Japan’s hot political issue, on and off the farm Read More »
Asian shares were rattled Thursday after Donald Trump said he would impose unilateral tariffs on partners in the next two weeks, reigniting trade war fears soon after reaching a deal with China to dial down tensions between the superpowers.The mood was also shaded by geopolitical concerns after the US president said personnel were being moved …
Asian shares stumble after Trump’s latest trade threat Read More »
US President Donald Trump touted “excellent” ties with China on Wednesday, saying the superpowers reached a deal after two days of talks aimed at preserving a truce in their damaging trade war.Trump said on his Truth Social platform that China would supply rare earth minerals and magnets — vital elements for US industries — while …
Trump touts ‘done’ deal with Beijing on rare earths, Chinese students Read More »
Wall Street stocks mostly fell Wednesday despite positive movement in the US-China trade conflict, while oil prices rallied on growing tensions between Washington and Tehran.Following two days of talks in London, top US and Chinese negotiators announced a “framework” agreement late Tuesday that included Chinese concessions on rare earth materials along with Washington allowing Chinese …
US stocks rally fades after China trade framework, oil prices jump Read More »
China is counting on one crucial advantage as it seeks to grind out a deal to ease its high-stakes trade war with the United States — dominance in rare earths.Used in electric vehicles, hard drives, wind turbines and missiles, rare earth elements are essential to the modern economy and national defence.AFP takes a look at …
Rare earths: China’s trump card in trade war with US Read More »
Cash-strapped Sri Lanka on Wednesday announced a 15 percent increase in the electricity price to shore up revenues for the state-run utility, in line with conditions imposed by an IMF bailout.The Public Utilities Commission said it allowed the Ceylon Electricity Board (CEB) to charge the higher rates from Thursday, six months after a controversial reduction …
Sri Lanka raises electricity price in line with IMF bailout Read More »
China’s vice premier and top trade negotiator said Beijing was ready to “strengthen cooperation” with Washington, Chinese state media said Wednesday, following trade talks in London it said had made substantial progress.US Commerce Secretary Howard Lutnick expressed optimism after a full day of negotiations that concerns surrounding rare earth minerals and magnets “will be resolved” …
China says ready to ‘strengthen’ cooperation with US after trade talks Read More »
