BOSTON: Global airlines will lose an estimated $51.8 billion in 2021 and another $11.6 billion in 2022 in the aftermath of the COVID-19 pandemic, according to an industry forecast released yesterday. 

LONDON: The British military started delivering fuel to petrol stations yesterday, after a tanker driver shortage sparked two weeks of panic-buying by motorists and emptied pumps. 

OKOMU, Nigeria: Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on the government’s drive to revive the country’s once thriving palm oil business. 

PARIS: Power outages in China, chaos in Britain’s petrol stations, factory closures in Germany-supply chain problems around the world are threatening to gnarl up a global recovery as countries try to re-emerge from pandemic-induced recessions. 

LONDON: The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for electricity generation and heating likely to further spur the sector this winter. 

NEW YORK: After his small Manhattan food stand lost its customers during the coronavirus pandemic, Abdul Rahman-an Afghan vendor who arrived in New York in 1992 — has resumed service, albeit at a fraction of former business since offices are still far from full. 

DUBAI: Dubai has created a “new city” for Expo 2020 that will exist for decades, the head of the event told AFP, promising most of the vast site will remain in use after the six-month world fair. The $7 billion, purpose-built showground occupies a vast site on Dubai’s outskirts, with hundreds of pavilions and exhibitions sprawling across an area twice the size of Monaco.

DUBAI: Thousands of people toured Dubai’s Expo 2020 on the opening day on Friday, braving hot temperatures as the COVID-delayed world fair finally opened its doors one year late. 

NEW DELHI: India’s conglomerate Tata Group has emerged as the frontrunner to acquire debt-stricken Air India as the government looks to close one of its most ambitious disinvestment projects, sources revealed.