Boeing has indicated that it needs more aircraft orders from India before considering setting up a commercial jet assembly line in the country, tempering government expectations.
Boeing India and South Asia President Salil Gupte stated that the Indian market alone is not large enough to justify a final assembly facility. Speaking at the Aero India show in Bengaluru, he emphasized that a viable business case requires a much larger regional demand.
While Boeing has committed to India’s aerospace sector, it currently focuses on defense aircraft assembly, such as F/A-18 jets. The company sources $1.25 billion in products and services annually from India and employs about 7,000 people.
Despite Indian airlines having nearly 1,800 aircraft on order, Gupte noted that final assembly represents less than 10% of an aircraft’s value, highlighting the importance of a robust aerospace supply chain. Boeing is in discussions with the Indian government on incentives to lower costs and expand manufacturing capabilities.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Boeing to cut 396 jobs in Washington by February as part of a 10% workforce reduction, following cost-cutting measures after a factory workers' strike in September.
Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Boeing boosts wage offer to 33,000 striking workers with a 38% raise over four years and a $12,000 bonus, aiming to end a seven-week strike that has stalled key aircraft production.
Russian President Vladimir Putin has agreed in principle to a 30-day ceasefire proposal from U.S. President Donald Trump, aimed at reducing hostilities in Ukraine. While the ceasefire presents a potential opportunity for peace talks and humanitarian aid, the terms are still under negotiation.
A U.S. judge has directed Elon Musk and his Department of Government Efficiency (DOGE) to provide records and answer questions about their federal spending reduction efforts. The order stems from a lawsuit filed by 14 Democratic state attorneys general, alleging constitutional violations by Musk.
Foreign ministers from the world’s leading democracies meet in Canada to navigate rising tensions with the U.S., as Trump’s policies on Ukraine, tariffs, and Russia spark divisions. Diplomats seek common ground while confronting Washington's unpredictability.
The UK has withdrawn accreditation for a Russian diplomat and a diplomatic spouse, requiring them to leave the country, following the expulsion of two British officials from Russia on Monday.
The EU Commission is set to propose key defense projects to boost Europe’s military capabilities, as outlined in a draft white paper, aiming to strengthen cooperation among member states.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
The Organization of Islamic Cooperation (OIC) is set to condemn Trump’s Gaza “Riviera” plan, backing Egypt’s $53 billion reconstruction proposal. A classified draft resolution, rejects the relocation of Gazans, calls for urgent international support, and mobilises opposition to the U.S. stance.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
Türkiye’s state-owned Turkish Petroleum Corporation signed a joint venture agreement with U.S. oil giants Continental Resources and TransAtlantic Petroleum, Turkish Energy Minister Alparslan Bayraktar announced.
The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday, lowering it to 2.75%, as concerns mount over inflationary pressures and weaker economic growth driven by renewed trade uncertainties and tariff threats.
Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.
The European Commission has raised €9 billion of EU-Bonds in its 3rd syndicated transaction for 2025.
Russian President Vladimir Putin has agreed in principle to a 30-day ceasefire proposal from U.S. President Donald Trump, aimed at reducing hostilities in Ukraine. While the ceasefire presents a potential opportunity for peace talks and humanitarian aid, the terms are still under negotiation.
A U.S. judge has directed Elon Musk and his Department of Government Efficiency (DOGE) to provide records and answer questions about their federal spending reduction efforts. The order stems from a lawsuit filed by 14 Democratic state attorneys general, alleging constitutional violations by Musk.
Foreign ministers from the world’s leading democracies meet in Canada to navigate rising tensions with the U.S., as Trump’s policies on Ukraine, tariffs, and Russia spark divisions. Diplomats seek common ground while confronting Washington's unpredictability.
The UK has withdrawn accreditation for a Russian diplomat and a diplomatic spouse, requiring them to leave the country, following the expulsion of two British officials from Russia on Monday.
The EU Commission is set to propose key defense projects to boost Europe’s military capabilities, as outlined in a draft white paper, aiming to strengthen cooperation among member states.
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