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Search Result for “transport”

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BUSINESS

Chinese imports of Russian oil at post-invasion high

AFP, Published on 20/06/2023

» BEIJING: Chinese imports of Russian oil last month hit their highest level since Moscow's February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin.

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BUSINESS

Air travel to soar near record in 2023: industry group

AFP, Published on 05/06/2023

» ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.

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BUSINESS

Tough US emissions rules to speed EV shift

AFP, Published on 12/04/2023

» NEW YORK: President Joe Biden's administration unveiled new proposed auto emissions rules on Wednesday, aiming to accelerate the electric vehicle transition with a target of two-thirds of the new US car market by 2032.

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BUSINESS

Hong Kong unveils US$97bn recovery budget

AFP, Published on 22/02/2023

» HONG KONG: Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.

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BUSINESS

Air India unveils record plane order with Airbus, Boeing

AFP, Published on 15/02/2023

» BENGALURU (INDIA) - Air India will purchase 470 planes from Airbus and Boeing under an historic pair of mega agreements announced Tuesday, transforming the former national carrier as it prepares for scorching growth.

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BUSINESS

Staff shortages dent Hong Kong air hub hopes

AFP, Published on 18/01/2023

» HONG KONG: Regional airlines are struggling to ramp up flights to Hong Kong because of staff shortages at the airport, slowing the city's plan to recapture its travel hub status, industry insiders have told AFP.

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BUSINESS

EU reaches deal on major carbon market reform

AFP, Published on 18/12/2022

» BRUSSELS: EU member states and parliamentarians on Sunday announced an agreement for a major reform to the bloc's carbon market, the central plank of its ambitions to reduce emissions and invest in climate-friendly technologies.

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BUSINESS

Mongolia completes rail crossing with China to boost coal exports

AFP, Published on 12/09/2022

» ULAANBAATAR: Mongolia has launched a rail line that could help boost coal exports to China to 50 million tonnes a year, the country's president said, ending a decade-long wait for the crossing.

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BUSINESS

Germany agrees 65bn-euro inflation relief package

AFP, Published on 04/09/2022

» BERLIN:The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.

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BUSINESS

South African inflation hits new 13-year high

AFP, Published on 24/08/2022

» JOHANNESBURG: Inflation in South Africa accelerated to its highest level in 13 years in July, pushed mainly by surging food, transport and electricity prices, official data showed Wednesday as workers staged protests over the high cost of living.