According to four industry sources, Russian airlines, including state-controlled Aeroflot, are dismantling jetliners to get spare components that they can no longer buy outside due to Western sanctions.   The efforts are consistent with the Russian government's advice to airlines in June to...

According to Saxo Bank, the United Kingdom is a "emerging market country" due to political insecurity, trade interruptions, an energy crisis, and surging inflation.   The Bank of England warned last week that the United Kingdom's economy will enter its longest recession since the Great...

Official data showed that Indonesia's economic growth surged in the April-June quarter due to an export boom fueled by higher commodity prices, but monetary tightening, rising inflation, and the prospect of a global recession all threaten the outlook.   According to Statistics Indonesia, the...

Lufthansa released the second quarter's earnings. Its sales, which came to €8.5 billion, more than tripled from the same time in 2021. Compared to a deficit of €756 million a year earlier, Lufthansa had a net profit of €259 million at the conclusion of the third quarter. The airline's successful...

A new program worth approximately €14.3 billion ($14.5 billion) has been approved by Italy on Thursday in order to shield businesses and individuals from rising energy and consumer goods prices. Prior to the scheduled national elections in September, the program was the most recent action taken by...

The three-month interbank lending rate LIBOR jumped by 2.5 basis points, to 2.83 percent, reaching a record high since 2008, the height of the global financial crisis. According to experts, the reason for this traders’ readiness for a gradual increase in the Federal Reserve System's (FRS) key rate...

Experts argue that the export restrictions being explored by Washington to impede China's progress in semiconductor manufacturing could come at a high cost, potentially upsetting delicate global chip supply networks and harming US industries.   According to Reuters, the US is considering...

According to a business poll released on Wednesday, Russia's services industry rose at its highest rate in more than a year in July, as strong domestic demand outpaced declining export orders for Russia's increasingly isolated industries.   The S&P Global Purchasing Managers' Index (PMI)...

The second quarter's $8.45 billion profit for BP was a 14-year record. The second quarter's $8.45 billion in earnings, the biggest in 14 years, were announced by BP. The company also increased its payout by 10% as a result of rising refining margins and energy prices. BP's earnings excluding...