Economy
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IATA says airline passengers, revenues to hit records in 2024
Airlines will fly nearly five billion passengers in 2024 and revenues will soar close to $1 trillion, both record highs,…
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Riyadh Air set to expand partnerships with more airlines
Riyadh Air is expanding its network of partnerships with established carriers around the world as Saudi Arabia’s newest airline seeks…
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OPEC+ extends output cuts to support prices until end of 2025: Statement
The OPEC+ group of oil-producing nations agreed Sunday to extend their production cuts in a bid to support prices, as…
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India’s heatwave kills at least 53 people, leaves nearly 25,000 with heat strokes
Nearly 25,000 people have suffered suspected heat stroke and 56 died after several heatwaves across India between March and May,…
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Maersk faces significant port congestion in Asia, Mediterranean
Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping…
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S&P downgrades France’s credit rating in blow to president Macron’s government
Ratings agency Standard & Poor’s downgraded France’s credit score on Friday citing a deterioration in the country’s budgetary position, a…
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US sues Hyundai, others over child labor at Alabama parts plant
The US Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and…
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Saudi Arabia to sell 0.64 percent Aramco stake
Saudi Arabia is selling a 0.64 percent stake in oil giant Aramco as the Kingdom pushes ahead with Saudi Crown Prince…
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US growth slower than estimated in first quarter: Government report
The US economy grew less than initially estimated in the first quarter of this year as consumer spending cooled, the…
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Muslim nurse in New York fired after calling Israel’s war in Gaza ‘genocide’
A New York City hospital fired a Palestinian American Muslim nurse after she called Israel’s war in Gaza a “genocide”…
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