Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth.
Dubai announced on Sunday that work had begun on a new terminal at Al Maktoum International Airport, which the Gulf emirate's ruler said will become "the world's largest" at a cost of almost $35 billion.
European aviation giant Airbus posted a 28 percent increase in first-quarter profit Thursday through rising deliveries and production, a day after arch-rival Boeing reported a loss.
London's Heathrow airport handled a record number of passengers in the first quarter thanks to strong Asian demand, it said Wednesday, but upcoming performance risked being hit by workers striking. "Reflecting the strong performance, our 2024 passenger outlook has been bumped up to 82.4 million," it added.
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Chief Executive Dave Calhoun, who will step down at the end of 2024.
Chile's biggest steel plant has resumed activities after the government imposed a temporary tariff on Chinese imports. Then on Saturday, Chile's finance ministry imposed a temporary tariff ranging from 25 percent to 34 percent on Chinese steel imports.
Dubai's giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on Wednesday, a day after the heaviest rains on record. As sunny skies returned on Wednesday, a day after torrential downpours and rolling black clouds, stories emerged of residents stuck in cars and offices overnight.
The head of an EU force protecting cargo ships from Huthi attacks in the Red Sea on Tuesday said the operation had met its goals, but freight traffic cannot increase without more warships.
Somali pirates freed a Bangladesh-flagged cargo vessel and its 23 crew early Sunday after sackloads of US dollars were air-dropped to them in ransom, the company and relatives said.
The Banque des Territoires, a subsidiary of France's Caisse des Depots, said it would create a joint venture with Bump that would receive 100 million euros ($108 million) in investments to help companies shift to electric vehicles.
A tugboat pushing a fuel barge became the first vessel to sail through a temporary channel opened beside the collapsed Francis Scott Key Bridge in Baltimore harbor, authorities overseeing the cleanup operation said late Monday.00 pm Monday (1900 GMT Monday), becoming the first vessel to transit since the bridge collapsed last Tuesday after being struck by an out-of-control cargo ship.
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