Qatar Airways is taking Airbus to court charging the manufacturer of failing to correct what it says is accelerated surface degradation impacting the Airbus A350 aircraft.
The airline said Monday that it's seeking a rapid resolution in the High Court in London. The airline has now grounded 21 A350 aircraft citing the conditions of the plane.
Full StoryThe Turkish lira was making significant gains Tuesday after the country's president announced new measures to safeguard deposits in the national currency against currency fluctuations.
The lira hit an all-time low of 18.36 against the U.S. dollar Monday but rebounded to a high of 11.09 Tuesday morning. It was trading at 13.75 at 0820 GMT Tuesday.
Full StoryLebanon needs to receive $12-15 billion from its partners to kickstart its economic recovery and shore up fast-diminishing foreign currency reserves, Central Bank Governor Riad Salameh said Tuesday.
Lebanon is grappling with an unprecedented economic crisis branded by the World Bank as one of the planet's worst since the mid-19th century.
Full StoryYouTube TV began restoring access to Disney content after a dispute between the companies led to an interruption of service over the weekend.
YouTube told viewers Sunday they were restoring service so customers could once again watch networks provided by Disney such as ESPN, FX, National Geographic and local ABC stations.
Full StoryLeaders of Bulgaria and Greece on Monday discussed bilateral cooperation in the energy sector, with an emphasis on reducing their reliance on Russian gas through the speedy completion of a key gas interconnector linking the neighboring countries.
Greek Prime Minister Kyriakos Mitsotakis who is the first European leader to visit Bulgaria since the formation of a new government there, met with his Bulgarian counterpart, Kiril Petkov, and the country's president, Rumen Radev.
Full StoryThe beleaguered Turkish currency reached another record low against the U.S. dollar Monday, a day after President Recep Tayyip Erdogan stood firm on his policy to lower interest rates despite rising consumer prices and slammed business groups that called for a change of course.
The lira tumbled to an all-time low of 17.70 against the dollar — more than 7% weaker from Friday's close. The Turkish currency has depreciated by more than 55% against the dollar since the start of the year.
Full StoryThe World Economic Forum is again delaying its much-ballyhooed annual meeting of world leaders, business executives and other elites in Davos, Switzerland, amid new uncertainties about the omicron variant of the coronavirus.
The forum, which repeatedly delayed, moved and finally canceled last year's event, says the previously planned Jan. 17-21 gathering in the alpine town will now take place in "early summer" — without giving specifics.
Full StoryEach month, hundreds of trucks heavy with fuel, cement and other goods cross a plowed no man's land between Egypt and the Gaza Strip — and Hamas becomes stronger.
Hamas collects tens of millions of dollars a month in taxes and customs at the crossing in the border town of Rafah, according to estimates. The funds help it operate a government and powerful armed wing while international aid covers most of the basic needs of Gaza's 2 million residents.
Full StoryThe leaders of the European Union's two most important nations faced reporters together during a joint news conference early Friday, a show of unity at the end of the EU's final summit of the year.
Then two words - "nuclear energy" - intervened.
Full StoryThe value of Afghanistan's currency is tumbling, exacerbating an already severe economic crisis and deepening poverty in a country where more than half the population already doesn't have enough to eat.
The afghani lost more than 11% of its value against the U.S. dollar in the space of a day earlier this week, before recouping somewhat. But the market remains volatile, and the devaluation is already impacting Afghans.
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