Share trading in China has been suspended after the markets plunged more than 7%. It’s the second time this week that falling prices triggered the so-called ‘circuit breaker’ mechanism, introduced on Monday. Investors are spooked by the depreciating yuan and disappointing manufacturing data. Moves by the Chinese Central Bank are fuelling fears that the world’s second largest economy is slowing down. Brent crude prices have also hit new 11-year lows due to concerns about oversupply.
UAE defence deals worth AED 3.77 billion announced at Dubai Airshow
On the opening day of the 19th Dubai Airshow, the UAE's Tawazun Council announced eight contracts worth over AED 3.77 billion on behalf of the Ministry of Defence.
Emirates to operate largest Starlink-enabled fleet
Emirates is set to roll out Starlink Wi-Fi across its entire in-service fleet, starting with Boeing 777 aircraft this month and completing the upgrade by mid-2027.
Flydubai orders 60 GEnx-1B engines for first widebody fleet
Flydubai and GE Aerospace have announced a new order for 60 GEnx-1B engines to power the airline's first widebody fleet of 30 Boeing 787-9.
Emirates orders 65 more Boeing 777-9 jets at Dubai Airshow
Emirates has announced orders for 65 additional Boeing 777-9 aircraft, powered by GE 9X engines, worth $38 billion at list prices, on the opening day of Dubai Airshow 2025.
Hyundai Motor to invest $86 billion in South Korea after US trade deal
Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the automaker said on Sunday after Seoul finalised a trade deal reducing US tariffs on South Korean autos to 15 per cent from 25 per cent.
