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30.08.26 - 17:18
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China Eastern Airlines Posts Wider H1 Loss (AFX)
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BEIJING (dpa-AFX) - China Eastern Airlines Corporation Ltd. (0670.HK,600115.SS) posted a wider loss for the six months ended 30 June 2026, reflecting higher operating expenses. Revenue for the per......
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30.08.26 - 14:54
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′Without us, no wheel would turn′: the unsung heroes keeping England′s transport moving (The Guardian)
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On shift, but out of sight – from 'that person with the table tennis bats' on the airport tarmac to remote signallers managing rail trafficNot many people get to park their car here – bang in the middle of Heathrow airport, on the taxiway just a stretch of grass away from where a line of passenger planes is coming in to land.It's close enough to see the shimmering air and smoke as nose tyres hit the tarmac. “An A380 will put down as much rubber as a car's entire tyre,” Jack Quantick-Thorne says. He knows – part of his job is to ensure the runway team scrapes it off and patches things up overnight. And it is all recycled, he adds. Continue reading......
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27.08.26 - 02:45
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India′s Crude Import Bill Surges As Hormuz Shipping Rates Soar (ZeroHedge)
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India's Crude Import Bill Surges As Hormuz Shipping Rates Soar
Authored by Tsvetana Paraskova via OilPrice.com,
India's crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to never-before-seen highs.
India has been paying elevated prices to import Middle Eastern crude not only because of the spike in oil prices, but also due to the surging costs to bring supply from the nearest region from which it can import crude.
The freight rates on the key route from Ras Tanura on Saudi Arabia's Persian Gulf to India have soared by more than 400% since February 28, when the war began, and Iran closed off the Strait of Hormuz. The rate for shipping crude on a very large crude carrier (VLCC) from Ras Tanura to India surged by 411% to $4.34 a barrel in August, from just $0.85 per barrel before the war, according to data compiled by Indian outlet Financial Exp...
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