EU to indefinitely freeze Russian assets
The European Union has announced plans to indefinitely freeze Russian assets held within the bloc, in a move aimed at ensuring up to $246 billion in R...
Global airline growth faces major hurdles from rising trade barriers and ongoing plane delivery delays amid record passenger numbers.
The International Air Transport Association (IATA) warned that escalating trade tensions and “unacceptable” aircraft delivery delays threaten the airline industry's growth and the wider economy. Despite record passenger traffic post-pandemic, airlines are frustrated by prolonged supply chain bottlenecks and delayed plane deliveries, with scheduled deliveries for 2025 down 26% from last year’s promises. IATA urged governments to exclude aerospace from trade wars and criticized energy firms for slow progress on sustainable aviation fuel (SAF), key to the sector’s net-zero emissions goal by 2050.
Major carriers like Emirates and flyadeal have voiced strong frustration over delays, calling for more transparency and accountability from manufacturers like Boeing and Airbus, both struggling with production issues. Meanwhile, airlines such as Air India are still pursuing large aircraft orders to meet future demand.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Flights have resumed at the Edinburgh airport following a period of cancellations due to an IT issue with its air traffic control provider.
China’s Ministry of Culture and Tourism has issued a formal advisory urging Chinese tourists to refrain from travelling to Japan in the near future, citing growing safety risks and recent political tensions.
Brussels airport, Belgium's busiest, reopened on Wednesday morning after drone sightings during the previous night had resulted in it being temporarily closed, although some flights remained disrupted, its website said.
A Japanese travel agency announced plans to offer point-to-point space travel by the 2030s, promising trips between Tokyo and U.S. cities like New York in just 60 minutes.
China's national railway recorded 23.13 million trips on the first day of the country's eight-day National Day holiday on Wednesday, up nearly 8% from a year earlier and setting a single-day record, state media CCTV reported.
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