A Boeing 737 MAX took off from southern China on Friday, the first domestic flight using the aircraft model since March 2019 when it was grounded after two deadly crashes.. China is also hoping to challenge the dominance of foreign aircraft models like the 737 MAX with its own domestically produced passenger jet, though most of its parts are sourced from abroad.
Britain's economy unexpectedly grew in November as consumers splurged during the World Cup, official data showed Friday, but analysts warned that it remains on course for recession due to the cost-of-living crisis.. Germany's economy, which is also expected to go into a recession this year, avoided a contraction late last year, with data Friday showing it stagnated in the fourth quarter.
At a pawn shop in the west German city of Duisburg, a young woman hands over a mobile phone and in return gets a wad of cash to help make ends meet -- for a while.. Clients come to the shop -- usually towards the end of the month -- to get quick cash without too many questions asked.
Britain's economy unexpectedly grew in November, official data showed Friday, but it is widely tipped to enter recession this year as the country faces a cost-of-living crisis.. "While the economy performed better than expected in November, the data can't mask the underlining problems in the UK economy," said economist Alpesh Paleja at the CBI business lobby.
China's exports in December fell at their fastest pace since 2020, according to official data Friday, owing to a drop in global demand and after health restrictions hit economic activity at home.. Exports had been the main driver of China's economy since 2020, when the global shutdown led to strong demand for Chinese goods such as medical products, and then as the rest of the world reopened.
Asian markets mostly rose again Friday and the dollar remained under pressure after data showing another slowdown in US inflation fuelled bets the Federal Reserve will take a softer approach to its monetary tightening campaign.. - 'Inflation remains stubborn' - However, while there are hopes that inflation has peaked, the head of the International Monetary Fund warned that the full impact of monetary tightening had yet to be felt and central banks still had more work to do.
Deployed on a scale never seen before to carry out both surveillance and strikes, drones ranging from small commercially-available models to larger aircraft have become a defining feature of the Ukraine conflict.. While drones used to carry out strikes draw more popular attention, the surveillance capabilities of uncrewed aircraft can have a wider-reaching impact, making it more difficult for troops to escape notice by their enemies.
Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle.. While tighter financial conditions will have a "dramatic" impact on countries with high debt levels, Georgieva said the IMF does not see a "systemic debt crisis on the horizon."
ExxonMobil publicly downplayed climate change even though scientists for the oil giant had accurately predicted global warming from fossil fuels as far back as the late 1970s, according to a study published on Thursday.. "It isn't as if we could just turn around and say, 'ExxonMobil stop producing fossil fuels,' and then we'd solve the problem," Schmidt said.
Irish premier Leo Varadkar on Thursday played down hopes of a swift end to wrangling over post-Brexit trading rules in Northern Ireland that has caused lengthy political paralysis in Belfast.. Varadkar said he was "hopeful" of an agreement that would lead to the resumption of the power-sharing executive, after meeting political leaders for closed-door talks at a hotel in Belfast.
