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Emirates orders 36 A380s worth $16b
DUBAI: Dubai-based Emirates Airline has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft. The agreement was signed on Thursday at the airline’s headquarters in Dubai by Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, and John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft. The commitment is for 20 A380s and
 
 
Opec lifts 2018 supply forecast on higher prices
LONDON: Opec has raised its forecast for oil supply from non-member countries in 2018. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said outside producers would boost supply by 1.15 million barrels per day (bpd) this year, up from 990,000 bpd expected previously. “Higher oil prices are bringing more supply to the market, particularly in North America and specifically tight oil,” Opec
   
Strong China data cranks up pressure on bonds
LONDON: The first acceleration by China’s giant economy in seven years kept stocks near record highs on Thursday, but added to growing pressure on bond markets as US Treasury yields, the benchmark for global borrowing costs, reached a 10-month high. Underlining the momentum of the world economic expansion into the back end of last year, both Chinese fourth quarter growth of 6.8 per cent and December industrial output growth of
 
 
India plans to raise health spending by 11% in budget
NEW DELHI: India is poised to raise its public health spending by 11 per cent in the annual budget next month, after rejecting the health minister’s demand for a much bigger increase to ramp up disease control, according to government sources and documents. Health Minister J.P. Nadda sought a “bare minimum” budget of nearly $10 billion for 2018-19 - 33 per cent higher than last year - in a letter to the finance minister on Nov.
   
US jobless claims hit 45-year low as labour market tightens
WASHINGTON: New claims for US unemployment benefits fell to their lowest level in nearly 45 years last week, a fresh sign of the increasingly tight American labor market, according to weekly data released Thursday. The figures, though volatile, follow a Federal Reserve survey showing businesses nationwide face mounting difficulties filling job openings as the supply of available workers dwindles amid record low unemployment.
 
 

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