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The International Air Transport Association (IATA) reported that the growth in the volume of world passenger air travel accelerated in March to 9.5% in annual terms from 7.6% in February. The March growth rate was the highest for the last year. Record load factors showed all regions except the Middle East. The Asia-Pacific region again showed the largest growth in air transportation - by 12%. In the Middle East, the indicator rose by 10.6%, in Europe - by 9.5%, in Latin America - by 8.5%. The growth in the volume of international passenger traffic in March accelerated to 10.6% from 7.2% in February. The growth rate of domestic passenger air transportation declined in annual terms to 7.8% from 8.2% a month earlier.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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