FlyDubai, the lower-cost sister airline to long-haul carrier Emirates, announced an initial order Tuesday for 150 Airbus A321neo aircraft at the Dubai Air Show — an estimated $24 billion purchase that will see the carrier for the first time expand its fleet beyond Boeing.
The deal would more than double FlyDubai's current fleet of aircraft and the airline said it had options to buy another 100 A321neos. It also represents a major purchase for the airline as Dubai prepares across both carriers to expand as it builds a five-runway airport in this desert sheikhdom in the United Arab Emirates.
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President Donald Trump said he will sell F-35 fighter jets to Saudi Arabia despite some concern within the administration that such a sale could lead to China gaining access to the U.S. technology behind the advanced weapon system.
The announcement came on the eve of Saudi Crown Prince Mohammed bin Salman's highly anticipated Washington visit, his first to the United States in more than seven years.
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For years, Washington has been warning others not to trust loans from Chinese state banks fueling its rise as a superpower. But a new report reveals an ironic twist: The United States is the biggest recipient of all — by far. And the security and technology implications have yet to be fully understood.
China's state lenders have funneled $200 billion into U.S. businesses for a quarter of a century, but many of the loans have been kept secret because the money was first routed through shell companies in the Cayman Islands, Bermuda, Delaware and elsewhere that helped obscure their origins, according to AidData, a research lab at the College of William & Mary in Virginia.
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Government and business leaders and investors, mainly from Arab nations, gathered Tuesday at the Beirut Seaside Arena in an investor conference organized by the Lebanese government.
The conference brings together the private sector, the Lebanese diaspora, and international partners, as the country tries to rebuild itself after an unprecedented economic crisis and a war with Israel that did not completely stop despite a ceasefire reached in November last year.
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After two years of robust growth fueled by military spending on the war in Ukraine, Russia's economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off.
The Kremlin needs money to keep its finances steady — and it's clear where President Vladimir Putin intends to get it: at the cash register, from ordinary people and small businesses.
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Trading on Wall Street was quietly mixed on Monday at the outset of a week likely to be focused on an earnings report by chipmaker Nvidia and the first government employment data release in more than six weeks.
Futures for the S&P 500 the Dow Jones Industrial Average each edged less than 0.1% lower, while Nasdaq futures inched up less than 0.1% before the opening bell.
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Japan's economy contracted at a 1.8% annual pace in July-September as President Donald Trump's tariffs hit exports and private residential investment plunged.
Data released by the government Monday showed that on a quarter-by-quarter basis, Japan's gross domestic product, the sum value of its goods and services, slipped 0.4%, the first contraction in six quarters.
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The biennial Dubai Air Show opened on Monday with hometown airline Emirates ordering 65 of Boeing's upcoming 777-9 aircraft, as the carrier looks to increase its fleets off record earnings and unending demand for flights through this East-West travel hub.
Emirates valued the deal with Boeing and GE Engines at $38 billion at list prices, although airlines often negotiate lower prices in major orders.
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The Trump administration said Thursday that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala.
The frameworks are about increasing the ability of U.S. firms to sell industrial and agricultural products in these countries, according to a senior administration official who insisted on anonymity as a condition for briefing reporters on a call about the agreements.
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World shares skidded Friday following Wall Street's latest retreat due to worries over AI and interest rates.
The future for S&P 500 was down 0.3% and that for the Dow Jones Industrial Average slid 0.2%, while oil prices advanced.
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