Delta Airlines Orders 100 Boeing MAX Aircraft for $13.5 Billion
Delta Airlines has announced plans to buy 100 medium-haul Boeing MAX passenger aircraft worth a combined $13.5 billion, in a vote of confidence for the crisis-hit jet. The gigantic deal, [...]
Kenya Airways Halts Ticket Sales from London to Nairobi
Kenya Airways has suspended the sale of tickets from London to Nairobi, following a directive by Heathrow Airport instructing airlines to freeze outbound bookings until September, as it grapples with [...]IMF Approves $235.6 Million for Kenya's Budget Support
The Executive Board of the International Monetary Fund (IMF) has completed the Third reviews under the 38-month arrangements under theExtended Credit Facility(ECF) and theExtended Fund Facility(EFF) arrangements. The Board’s decision [...]Bank of Canada Hikes Policy Interest Rate by 100 bps to 2.5%
The Bank of Canada surprised citizens on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing higher and more persistent inflation and [...]
US Inflation Rises to a 40-Year High of 9.1% in June, as Consumer Pressures Intensify
US inflation surged to a fresh peak of 9.1 per cent in June, further squeezing American families and heaping pressure on President Joe Biden, whose ratings have taken a battering [...]Emirates Set to Sign Codeshare Agreement with Air Canada
Emirates Airlines has announced plans to sign a codeshare agreement with Air Canada later this year, seeking to create more options for customers when traveling on the carriers’ networks. With [...]US Trade Deficit Narrows in May, Exports Hit Record High
US exports of goods and services climbed to a record in May, helping to push the trade deficit down to its lowest level of the year, the Commerce Department said Thursday. [...]India to Impose Restrictions on Flour Exports to Protect Domestic Markets
India has announced plans to impose restrictions on the export of flour, a move that seeks to protect domestic markets from a global wheat crisis. The Directorate General of Foreign [...]Sri Lanka Raises Lending Rates to 15.5%
The Central Bank of Sri Lanka raised its benchmark standing lending facility rate by 100 basis points to 15.5%, taking total interest rate hikes this year to 950 basis points. The decision [...]Inflation in Turkey Hits 78.6%, the Highest in 24 Years
Inflation in Turkey in June skyrocketed to an annual rate of 78.6%, the highest in 24 years. The inflation rate reported by Turkey’s state statistics agency was the highest since [...]Shanghai lockdown causes Drop in Tesla's deliveries despite record production in June
Tesla Inc. said on Saturday the company's production in June was the highest in Teslas history, although it fell 15.3% to 258,580 vehicles from the first quarter, while 254,695 cars [...]
France's Inflation Rises to 5.8% in June
France's inflation in June climbed further from the previous month to a record high of 5.8%, from 5.2% in May. The harmonised index is now at 6.5%, compared to 5.8% [...]
