PARIS: Under huge pressure to go green, the aviation industry needs to spend billions of dollars to become more climate-friendly in what risks ramping up fares and making air travel the preserve of the rich once again.

LONDON: Britain’s upcoming budget will invest almost £7.0 billion ($9.6 billion, 8.3 billion euros) on transport outside London, the Treasury said yesterday, as part of plans to cut economic inequality. 

BEIJING: Alibaba shares surged more than six percent yesterday after billionaire founder Jack Ma was reported to be in Europe, fuelling investor hopes that the worst of China’s regulatory crackdown for the internet giant might be over. 

BEIRUT: By challenging Lebanon’s national passion for automobile ownership, and driving growing numbers towards greener or more collective transport, the economic crisis is succeeding where everything else failed. 

BEIRUT: Lebanon raised fuel prices yesterday in a de facto end to state subsidies, pushing the cost of filling a vehicle’s tank to more than the monthly minimum wage in the poverty-stricken nation. 

PARIS: The aviation sector is facing a great dilemma: How can it fulfill its ambition of doubling passenger numbers while meeting its goal of reducing its massive greenhouse gas emissions? Slashing pollution from the industry is among the major challenges facing the world as leaders meet later this month for a key climate summit in Britain.

DUBAI: The Middle East and North Africa is on track for a recovery, but rising social unrest is threatening the “fragile” progress of low-income economies, the International Monetary Fund said yesterday. 

KUWAIT: Zain, the leading digital service provider in Kuwait, celebrated the launch of the all-new iPhone 13 lineup during the biggest virtual event of its kind, broadcasted live over the hugely popular Marina Media Group platforms with thousands of followers tuning in. The event, presented live by a group of Marina FM stars, witnessed the launch of Zain’s newest plans for Apple’s latest smartphones. The plans feature the best competitive offerings for Zain customers on the company’s biggest and most powerful 5G network.

LONDON: Prime Minister Boris Johnson urged foreign investors yesterday to buy into post-Brexit Britain as he seeks to power future prosperity on renewable energy and green technology, but faced pushback from campaigners.