Indian airlines to avoid Iranian airspace, says DGCA

Amid heightened tensions between the US and Iran, the Indian aviation regulatory body on Saturday said its airlines would avoid the “affected part of the Iranian airspace” and re-route their flights. Indian airlines are to avoid Iran airspace amid US-Iran tensions, following the shooting down of an American drone over the Strait of Hormuz, according to […]

ECB mulling stimulus gets hint that economy’s worst has passed

Madrid. Europe’s economy showed signs of stabilising at the end of the second quarter, but weak sentiment will keep policymakers on edge about the outlook for the rest of the year. Days after European Central Bank President Mario Draghi made it clear the ECB is poised to cut interest rates or relaunch asset purchases if […]

Trump China tariffs could cost billions for consumers — retailer study

New York If the United States does impose tariffs on another $300 billion worth of Chinese goods, it would cost US consumers $12.2 billion more for apparel, footwear, toys and household appliances each year, the National Retail Federation (NRF) said on Friday. The tariffs would result in consumers paying another $4.4 billion on apparel, $2.5 […]