13 November, 2017, 12:00 am
ASIA-PACIFIC leaders agreed on Saturday to address “unfair trade practices” and “market distorting subsidies” in a statement that bore the imprint of US President Donald Trump’s efforts to reshape the global trade landscape.
The summit of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam has put on show the contrasting vision of Trump’s “America First” policy with the traditional consensus favouring multinational deals that China now seeks to champion.
Dubai’s Emirates may place an order at the Dubai Airshow for 36-38 Airbus A380 superjumbo jets, worth some $16 billion at list prices, a person familiar with the matter told Reuters on Saturday.
Emirates and Airbus (AIR.PA) both declined to comment.
BOEING is furthering its study of a proposed new mid-market aircraft as it prepares to decide whether to bring the project to market, a senior executive said on Saturday. Kevin McAllister, chief executive of Boeing Commercial Airplanes, said a team at the US plane maker would be exploring the business plan in detail, including how the aircraft would be produced, over the next few months.
CHINA does not feel targeted by US President Donald Trump’s use of the term “Indo-Pacific” during his trip to Asia, a senior Chinese diplomat said on Saturday, but added China needs to understand the concept better. “Indo-Pacific” has grown in usage across diplomatic and security circles in Australia, India and Japan in recent years, shorthand for a broader and democratic-led region in place of the “Asia-Pacific”.