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Airbus says precautions complete on China’s A320 fleet

Work has been completed on all A320 family aircraft in the Chinese civil aviation fleet, with all flights operating normally, Airbus announced on Monday. The precautionary measures were mandated by Chinese aviation authorities and the European aerospace company due to concerns about the performance of flight control systems under certain conditions, with the work completed…

Commercial ‘air commute’ by flying cars closer to takeoff

GAC Group’s flying car GOVE is displayed at the Shanghai Auto Show in April. CHINA DAILY At sunrise over the Persian Gulf in Dubai, a black, pod-shaped aircraft detached from its six-wheel carrier vehicle and rose steadily into the sky. For several minutes, it circled above calm waters before returning smoothly to the helipad. The flight…

CAREC think tank forum in Urumqi highlights green financing for Central Asia

The Ninth Central Asia Regional Economic Cooperation (CAREC) Think Tank Development Forum kicked off on Monday in Urumqi, Xinjiang Uygur autonomous region, highlighting innovative financing to drive the region’s green transition. [Photo provided to chinadaily.com.cn] The Ninth Central Asia Regional Economic Cooperation (CAREC) Think Tank Development Forum kicked off on Monday in Urumqi, Xinjiang Uygur…

EU spending on R&D exceeded €403 billion in 2024

In 2024, the EU spent an estimated €403.1 billion on research & development (R&D), indicating a 3.6% increase from 2023 (€389.2 billion). Compared with 2014, R&D expenditure grew by 62.2% from €248.6 billion, showing a steady rise in the last decade.  R&D intensity, defined as R&D expenditure as a percentage of GDP, remained stable at…

Fortescue partners with BYD to decarbonize Pilbara mines

Australian mining giant Fortescue has achieved a key milestone in its ambitious decarbonization plan for its Pilbara operations, leveraging technology supplied by Chinese electric vehicle and battery leader BYD. The company announced the delivery and installation of a 50 megawatt battery energy storage system (BESS) at its North Star Junction in Western Australia, with core…

Volume of retail trade stable in both the euro area and the EU

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EU ports handled 3.4 bn tonnes of freight in 2024

In 2024, the EU sea ports handled around 3.4 billion tonnes of freight (total gross weight). While this freight volume was the same as in 2023, it remained lower than the highest value recorded in the decade 2014-2024 (3.6 billion tonnes in 2019). Rotterdam in the Netherlands maintained its position as the top maritime freight…

Fortunes turn for NEV startups as sales grow

Nio’s Onvo subbrand showcases the L60 SUV at Auto Guangzhou on Nov 21. CAO YINGYING/CHINA DAILY Despite the high research and development and distribution costs that once led to sustained losses for China’s new energy vehicle startups, the situation is improving. Some companies are now seeing profits, and others are on the verge of doing…