One of the least affordable US housing markets in decades is freezing residential real estate sales and shutting out a generation of aspiring homeowners. But one group remains unfazed by the crisis— the wealthy. Overall, it has been a troubling key…
Indian Railways has electrified 95 per cent of its vast 68,000 km track network to emerge as the largest green railway in the world, according to a senior official of the Ministry of Railways. Mukul Saran Mathur, Additional Member, Railway…
Europe is suffering from an innovation deficit and weak productivity, putting the region’s economy on a path to stagnation unless it changes course, according to Nobel laureate Michael Spence. In a Project Syndicate op-ed on Wednesday, the economist said long-term…
The River of Life (ROL) project which is likely to fail to meet its completion deadline this year has reached progress of 81%, says Dr Zaliha Mustafa. The Minister in the Prime Minister’s Department (Federal Territories) said as of June…
U.S.-headquartered Murphy Oil Corporation is preparing to spud two exploration wells in Vietnam late in the third quarter and the fourth quarter of this year, respectively, says CEO Roger Jenkins. He said at a Q2 review meeting last week that…
As conflict casts a shadow across the Middle East, people are getting rich in Dubai. The desert sheikdom’s economy is buzzing with tourism and construction as it positions itself as a safe haven in a region that’s resting on a…
The outlet added that the EU regulator’s representatives provided positive feedback about the aircraft. The visit included sessions inside a full-flight simulator of the Chinese-built competitor to the Airbus A320neo and Boeing 737 Max . EASA’s representatives also went onboard…
The Asia-Pacific Economic Update warns that the escalation of trade and geopolitical tensions poses a major near-term risk, and a tit-for-tat trade war will take a heavy toll on regional value chains with impacts on exports, employment and workers’ earnings.…
Turkish Airlines has updated its route development priorities, outlining 25 cities globally that it intends to add to its network. The Star Alliance member has released its latest list of future destinations, which includes eight international points in Europe, four…
Hanoi aims to add five more rail routes to its existing plan for 10 lines, and to build them by 2045 at an estimated US$55 billion. It is currently making amendments to the General Plan for the Construction of the…