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Military aircraft drive US goods orders higher in June
Military aircraft drive US goods orders higher in June
by  AFP

An eye-popping surge in new orders for US military aircraft in June drove a surprise increase in demand for big-ticket manufactured goods, according to government data released Wednesday. Gregory Daco, chief economist at EY Parthenon, called it "very encouraging news from the business side," saying "orders were still growing strongly" for goods outside the defense aircraft sector.

Joint centre for Ukraine grain exports opens in Istanbul
Joint centre for Ukraine grain exports opens in Istanbul
by  AFP

Turkey on Wednesday formally opened a joint coordination centre for Ukrainian grain exports under a UN-backed deal aimed at resuming shipments for the first time since Russia's February invasion of its neighbour. Ukraine announced the resumption of operations at the three Black Sea ports designated by the deal at the same time as Akar formally unveiled the Istanbul centre.

Boeing profit falls as 787 deliveries still halted
Boeing profit falls as 787 deliveries still halted
by  AFP

Boeing reported a drop in second-quarter profits Wednesday on the continued halt to deliveries of the 787, in results that missed analyst expectations. But shares rose after the report, as Boeing confirmed it still expects to have positive cash flow in 2022.

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