Picture used for illustrative purpose.
China’s factory activity grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production.
China’s factory activity picked up pace in June, official data showed on Tuesday, although analysts warned weak global demand and a potential coronavirus resurgence are weighing on its longer-term recovery.
China’s factory activity growth slowed slightly in May as raw materials’ costs grew at their fastest pace in over a decade, weighing on the output of small and export-oriented firms.
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of a year disrupted by COVID-19.
"The UAE has adopted elaborate regulation as well as established a dedicated regulatory body. The country has already issued licences for more than 30 exchanges to be set up," says Guy Burton.
The company announced two weeks ago that it would cancel 900 connections in July. Now it will take out of the system a further 2,200 of a total of 80,000 flights, Lufthansa said, dpa news agency reported.
According to data from hotel management analytics firm STR, Dubai ranked No.1 globally in hotel occupancy, ahead of other international destinations including New York, London and Paris for the January-April 2022 period.