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US disburses $20 bn Ukraine loan backed by profits from Russian assets
The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.
Airlines chief says jet manufacturers need to deliver
World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough. "When I talk to airline CEOs, I think they're optimistic, but they're cautiously optimistic," Walsh said.
Boeing resumes production at Seattle plants after strike
Boeing has resumed production on the 737 MAX after a nearly three-month stoppage due to a lengthy labor strike in the Seattle region. The company's Renton factory resumed production on the 737 MAX on Friday, Boeing said.
Germany's Scholz calls for Europe EV subsidy plan
Germany's Chancellor Olaf Scholz called Tuesday for a European subsidy programme for electric vehicles, as the country's flagship auto industry struggles with the transition to battery-powered cars. New help to buy for electric cars has been a key ask for manufacturers, who saw sales suffer after the government ended a subsidy programme at the end of last year.
US firms up $6.2 bn Micron funding to boost chipmaking
US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House. The Micron investment helps bring development and production of advanced memory semiconductor technology to US shores, said Commerce Secretary Gina Raimondo.
UK pledges to cut government spending waste
UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste. "I have no doubt that we can find efficiency savings within government spending of five percent and I'm determined to do so," Reeves said during a visit to a hospital.
Air passenger numbers to top five billion in 2025: IATA
Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday. Total industry revenues are meanwhile forecast at $1.007 trillion, helped by falling oil and fuel prices, "the first time that industry revenues top the $1 trillion mark," it added.
Stellantis, Chinese firm CATL plan $4bn battery plant in Spain
Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive. - 'High-quality' EVs - Founded in 2011 in Ningde, eastern China, CATL produces more than a third of the electric vehicle batteries sold in the world.
Transylvania's last Saxons revive its stunning ghost villages
Carmen Schuster was a young woman when she left the Transylvanian village of Cincsor in Romania for West Germany in search of a better life 40 years ago. Schuster and her husband "have breathed new life into this village," he said, noting that Cincsor without the guesthouses would be "sad". bg/kym/fg
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