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Boeing, Airbus struggle to deliver planes as supply chain woes persist
Boeing, Airbus struggle to deliver planes as supply chain woes persist
Economy
by  AFP

Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said. Aviation analyst Shukor Yusof said Boeing and Airbus had already indicated that some of their popular models would be unavailable until 2030.

Shipping insurance rates soar on Red Sea missile attacks
Shipping insurance rates soar on Red Sea missile attacks
Economy
by  AFP

Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes. The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes.

Digital media upstart Vice laying off 'several hundred' staff: CEO
Digital media upstart Vice laying off 'several hundred' staff: CEO
Technology
by  AFP

Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers, said Thursday it will no longer publish on its flagship website and is eliminating hundreds of jobs. "Regrettably, this means that we will be reducing our workforce, eliminating several hundred positions."

Asian markets advance after record rallies
Asian markets advance after record rallies
Economy
by  AFP

Asian shares climbed Friday following a day of record highs in Japanese, US and European markets after demand for AI-powering chips drove tech gains. The Nvidia and AI excitement prompted a broader rally in tech shares, with Wall Street and eurozone indices hitting fresh records.

Cheap mini-EVs sparkle in China's smaller, poorer cities
Cheap mini-EVs sparkle in China's smaller, poorer cities
Economy
by  AFP

Tiny electric cars weave through traffic in southern China, their cheap and cheerful designs bringing a touch of colour to the EV revolution in the country's overlooked cities. China is the world's largest market for electric vehicles (EVs), with premium models by Tesla and homegrown giant BYD a common sight in the nation's affluent megacities.