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Farnborough International Airshow, in Farnborough

Airbus CEO Says 2022 Deliveries May Affect Later Output

The head of European planemaker Airbus on Wednesday reaffirmed a target of delivering a total of 700 aircraft in 2022 - a task he said was necessary to reach a separate monthly production target of 65 narrowbody jets in early 2024.
A view shows Chelyabinsk Pipe Rolling Plant in Chelyabinsk

Putin Moots Major Gas Hub In Turkey With Nord Stream Supplies

President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.
Illustration photo of U.S. dollar and Japan yen notes

Yen Weakens To New 24 Year Low; Sterling Cautiously Rebounds

The dollar scaled new 24-year highs versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month, while investors in sterling were left scratching their heads about the Bank of England's next steps.
A view shows oil terminal Kozmino near Nakhodka

OPEC Cuts 2022, 2023 Oil Demand Growth View As Economy Slows

OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation.

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