LONDON: British airline Virgin Atlantic on Tuesday ordered seven long-haul Airbus A330s, as the European planemaker sought to catch up with US rival Boeing on orders won at the Farnborough Airshow.

NAIROBI: Kenya has submitted an economic repair plan to the International Monetary Fund and it expects the fund’s board to review it for approval at the end of August, the country’s chief minister told a parliamentary panel.

NEW DELHI: India announced it will cut import duty on mobile phones and some key parts to 15 percent from 20 percent, a move that will directly benefit Apple, which still imports its high-end smartphones into the country despite increasing local production.

KUWAIT: Kuwait’s real estate sales hit a two-year high in Q2 2024 helped by sizable one-off deals across the main three segments.

SALMON-CHALLIS NATIONAL FOREST, Idaho: The only US cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in electric vehicle batteries and electronics.

SHANGHAI: China surprised markets by cutting major short and long-term interest rates on Monday, its first such broad move since August last year, signaling intent to boost growth in the world’s second-largest economy just days after a Communist Party leadership meeting.

KUWAIT: Kuwait Telecommunications Company (stc), a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financial results for the six months period ended June 30, 2024, highlighting the most significant achievements, financial and operational performance in addition to the social initiatives made by the company during 2024.

FARNBOROUGH: A plunge in Ryanair’s quarterly profits cast a shadow over the opening of the Farnborough Airshow on Monday, where aviation leaders were already fretting about supply chain snags, aircraft delays and floundering plans to cut emissions.

NEW YORK: Delta Air Lines struggled on Sunday to restore normal operations after last week’s crippling global cyber outage, canceling 1,250 flights beyond the 3,500 it had already scrapped.