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As Russia’s war effort fuels economic growth and drives up wages, air travel has been on the rise too, with Russians defying Western sanctions by heading to domestic holiday spots or “friendly” countries where they are still welcome. However, just as soaring government spending on the war in Ukraine is fuelling a consumer spending boom and more and more people chose to spend the extra cash on travel, Russia’s civil aviation sector is struggling to take advantage of booming demand. The reason? Russia just does not have enough planes. While the sanctions fell short of the desired effect of crippling Russia’s economy and starving its war machine, they did cut off the supply of planes and parts, which domestic production could not replace. As a result, fewer new planes could be added to Russia’s fleet to meet rising demand and Moscow was forced to ask neighbouring countries to help run some domestic routes. Russia has touted its economic resilience in the face of sanctions, but difficulty in ending its reliance on Western planes highlights the limits to Moscow’s goal of breaking free from Western influence and having domestic industries pick up the slack. With most of Europe’s airspace closed to Russian carriers, most traffic shifted to domestic routes, data from Russia’s civil aviation watchdog Rosaviatsia shows. International travel has pivoted to countries that have not imposed sanctions on Moscow, such as Turkiye, ex-Soviet countries and the United Arab Emirates, according to data from the FSB security service, which tracks border crossings. Egypt, Thailand and China have also gained in popularity compared with pre-pandemic levels. By contrast, the numbers of passengers flying to Europe have dropped to a few hundred thousand from almost 10mn in 2019, the data showed. Russia’s retail sales, a key gauge of consumer demand, rebounded strongly last year from a 2022 slump and while that growth has softened in recent months, rising incomes continue to drive demand for air travel, cars and consumer goods, including those imported from the West via third countries. “Yesterday these people earned relatively little, now they have not just extra, but beyond extra, income relative to what they had, and many of them have ... used this for a fully-fledged summer holiday,” aviation expert Oleg Panteleev told Reuters. Matching that demand, however, is a challenge. Almost 80% of Russia’s fleet is foreign-made, data from Swiss aviation intelligence provider ch-aviation shows. Airbus and Boeing planes account for 575, or two-thirds, of Russia’s 865-strong fleet. Their pullout was initially hailed as a win for the domestic industry. “The competitors left. Just a few years ago the domestic aviation industry could only dream of this,” Sergei Chemezov, head of industrial conglomerate Rostec, told Reuters in August. Rostec, whose subsidiary United Aircraft Corporation controls almost all of Russia’s major aircraft producers, appears still far from making that dream a reality. In the year before invading Ukraine, Russia added 54 new commercial aircraft to its fleet – 27 from Airbus, three from Boeing and 24 Russian-made Sukhoi Superjets – for airlines including flag carrier Aeroflot, S7, Red Wings, Rossiya, and Ural, ch-aviation data shows. In the nearly three years since, it has added just 11 new planes, all of them Superjets. Production of Russia’s new MS-21 airliner, being made by Rostec, has already been pushed back to 2025-2026 from 2024. Chemezov acknowledged Russia was facing difficulties but said it would definitely make its own passenger planes. The Kommersant daily reported last week that Russian airlines, unable to repair Airbus A320 neo engines, may have to retire some of its Airbus fleet. Rosaviatsia said Russia’s serviceable Airbus A320 neo fleet had got smaller, but it accounted for less than 5% of Russia’s commercial aircraft. Sanctions on Russian aviation have further complicated existing engine issues, Rosaviatsia said. Moscow has spent at least 1.47tn roubles ($13bn) in state subsidies and loans since the invasion on the aviation sector, according to a Reuters analysis, as Russia pursues President Vladimir Putin’s goal of producing more than 1,000 aircraft by 2030. Yet for now, Russia has asked Central Asian countries to help it run some domestic routes, while The Economic Times of India reported that Russia has asked India and China for assistance, too. As Moscow becomes increasingly dependent on Beijing for trade, technology and political support, air travel is the latest link being forged between the two nuclear powers. “China is building up its positions very strongly,” Panteleev said. “Russian tourists are gradually beginning to rediscover China.” – Reuters
Is President Trump prepared for President Xi? President-elect and his possible cabinet have to prepare for China The global power chess board is experiencing extraordinary changes. Old players are tumbling, and new ones are emerging. Once upon a time, US had the unchallenged and unparalleled power to define rules of global power chessboard. Thus, right after presidential elections in US, the world started preparing for new president. There was usually a race to connect with the new possible administration of the President-elect. It was considered a success to talk to president-elect. The lobbyists tried to exploit the opportunity up to maximum, and Washington became the lobbyists’ gala place. However, the paradigm started to shift in recent times. The world is not showing enthusiasm to connect with possible cabinet and president-elect, which was a common practice 20 years ago. However, situation for China is entirely different. Now, the President-elect and his possible cabinet have to prepare for China. Whether someone likes it or not, China is becoming a new rule-setter, or at least a player of equal weight to US, to set rules of global power chess board. This is not an exaggerated assumption or rhetoric; it is based on facts and data. China is fast becoming centre of global trade and economy. Countries and regions are eagerly signing free trade and economic partnerships with China. Regional Comprehensive Economic Partnership is one of the most prominent example in recent times. The RCEP members account for 30pc of population and 30pc of global GDP ($29.7 trillion). It is considered largest trade bloc in history. On the other hand, China signed agreements with Arab countries, Gulf Cooperation Organisation, Latin American countries, African countries, etc. It is also strengthening cooperation at BRICS and SCO, among others. Besides, China International Import Expo (CIIE) was launched to strengthen trade links with the world. CIIE has been designed to promote rule-based, win-win cooperation and create opportunities for the world. Moreover, China has offered tariff-free entry into Chinese market to all the least developed countries. By doing so, China is on its way to becoming centre of global trade and ambit of global economy. China is home to many global initiatives in the fields of economy, security and diplomacy, such as BRI, GDI, GSI and GCI. First, China launched BRI to contribute to and satisfy economic and development needs of the world. Due to openness and inclusiveness in decision-making and implementation, it has become largest economic, trade, connectivity and investment program in human history, with 153 countries and 32 international organisations. The Global Security Initiative (GSI) has been built on four pillars: common, comprehensive, coordinated and sustainable security. It is helping the world combat new security challenges and secure sustainable peace without compromising dignity and sovereignty of countries. Second, Asian Infrastructure and Investment Bank was introduced to achieve goals of a people-centric financial system, which must not be exploitative. It has become second-largest global bank with 109 members after World Bank. Third, China has accelerated its efforts to invest in global common goods, such as environment, free trade routes, poverty alleviation and sustainable food security. The Global Development Initiative (GDI), which was built on a vision of shared prosperity, is emerging as one of biggest common good provider initiatives. Fourth, China has emerged as leader of Fourth Industrial Revolution by strengthening its innovation and technological development base. No one can afford or dare to ignore China. Despite all propaganda and sanctions, many CEOs of leading tech companies visited China in 2023, including Bill Gates, co-founder of US tech giant Microsoft; Elon Musk, co-founder of electric vehicle front-runner Tesla; Intel CEO Pat Gelsinger, Tim Cook, CEO of Apple and Cristiano Amon, CEO of Qualcomm. They are all in a race to build and strengthen their relationship with China. Fifth, China is home to a huge population and, in economic terms, a huge consumer market. President Xi has launched a drive to modernise Chinese economy, society and governance system. Modernisation is expected to initiate class shuffling, and almost 1,000 million people will change the class. It will create a trillion-dollar new economy. Thus, no country or bloc can ignore Chinese market, rather they will be in a race to build partnerships with China. These initiatives and strengths have made China centre of economic activity, trade, technology and hope for sustainable peace. People are keen to watch China, its policies and refine their policies to benefit from the opportunities. Plenary sessions of Central Committee of Communist Party of China attract a wide audience and media coverage. The world watches it closely because, as the centre of global trade, technology and economy, decisions at the session will have implications for global economy, trade and development. The world considers the session sets the tone for Chinese economy, society, and international economic and diplomatic engagements. People also listen to and thoroughly analyse President Xi’s and other Chinese leaders’ speeches. The importance of President Xi’s speech can be judged by its online viewership and traditional media coverage. For example, in 2021, President Xi’s speech at UN was the most viewed speech on social media and received worldwide coverage. This clearly indicates China’s importance has been enhanced, and the world considers President Xi’s speech a global tone-setter. The question is whether President Trump understands new dynamics or is ready to deal with President Xi. A bird’s-eye view of proposed cabinet and other nominees shows he neither comprehended nor prepared for President Xi. The President-elect and his team still live in the past. They think US can do anything and dictate anything to anyone. Unfortunately, most of his potential cabinet candidates are hoaxes and China bashers. They want to pick a trade and sanction war with China. They are exploring options to strengthen sanctions and CHIPS and Science Act because they believe these actions will assist American economy. Further, there are clear signs President Trump will revert back to his first-term anti-China policy. He believes his anti-China policy helped US. The above-discussed facts and data indicate US come out of past and understand the world has changed. The US is no longer in a position of strength to dictate its terms. The world is looking to China for economic and trade linkages to fulfil its growth and development goals. The President-elect and his team should try to comprehend new dynamics and realities. This will help US steer the relationship in right direction. Otherwise, the relationship may further deteriorate, which would be bad news for US, China, and the world. Moreover, US economic situation and rising debt do not allow it to engage in trade or sanction war, which will further deteriorate American economy, and inflation, inequality and poverty continue to rise.
ODENTON, Md. – The Maryland Black Bears tallied two goals each in the first and third periods to begin a two-game series with a 4-1 victory over the Johnstown Tomahawks Friday night in NAHL East Division play. Johnstown’s five-game winning streak ended to put it at 12-10-2. The Tomahawks swept Maryland Nov. 15 and 16 at home. Maryland (15-8-1) received one goal each from Kareem El Bashir, Josh Frenette, Thomas Holtby and Tyler Stern. Frenette and Holtby scored in the first period to lead 2-0. Johnstown’s Cullen Emery tallied a power-play marker off a feed from Lukas Klemm to cut the deficit down to 2-1 at the end of the first. There was no scoring in the second period. In the third, El Bashir and Stern scored within 59 seconds to set the final. Maryland outshot Johnstown 43-17, which included edges of 16-6, 13-5 and 14-6 in the first, second and third periods, respectively. Johnstown was 1-for-4 on the power play. Maryland was 0-for-2 with the man advantage. Zack Ferris made 39 saves for the Tomahawks. Benji Motew stopped 16 shots. The teams meet again at 7:30 p.m. Saturday. (c)2024 The Tribune-Democrat (Johnstown, Pa.) Visit The Tribune-Democrat (Johnstown, Pa.) at www.tribune-democrat.com Distributed by Tribune Content Agency, LLC.AP Business SummaryBrief at 3:55 p.m. EST
Fort Worth doctor develops gear to help prevent breast cancer in female health workersAll Times EST Memphis 34, Tulane 24 Navy 34, East Carolina 20 Army 29, UTSA 24 North Texas 24, Temple 17 Rice 35, South Florida 28 UAB at Charlotte, 3:30 p.m. FAU at Tulsa, 3:30 p.m. Army vs. Tulane, American Athletic Conference Championship at West Point, N.Y., 8 p.m. San Jose St. 34, Stanford 31 Georgia 44, Georgia Tech 42 Duke 23, Wake Forest 17 South Carolina 17, Clemson 14 Louisville 41, Kentucky 14 Pittsburgh at Boston College, 3 p.m. NC State at North Carolina, 3:30 p.m. California at SMU, 3:30 p.m. Miami at Syracuse, 3:30 p.m. Florida at Florida St., 7 p.m. Virginia at Virginia Tech, 8 p.m. Colorado 52, Oklahoma St. 0 Utah 28, UCF 14 Baylor 45, Kansas 17 Texas Tech 52, West Virginia 15 Arizona St. at Arizona, 3:30 p.m. TCU at Cincinnati, 6 p.m. Kansas St. at Iowa St., 7:30 p.m. Houston at BYU, 10:15 p.m. Abilene Christian 24, N. Arizona 0 FCS First Round - Game 5 at Missoula, Mont.: Montana vs. Tennessee St., 10:15 p.m. FCS Second Round - Game 1 at Bozeman, Mont.: Montana St. vs. UT Martin, 3 p.m. FCS Second Round - Game 3 at Davis, Calif.: UC Davis vs. Illinois St., 4 p.m. FCS Second Round - Game 2 at Moscow, Idaho: Idaho vs. Lehigh, 9 p.m. Illinois St. 35, SE Missouri 27 UT Martin 41, New Hampshire 10 FCS First Round - Game 5 at Missoula, Mont.: Montana vs. Tennessee St., 10:15 p.m. FCS Second Round - Game 1 at Bozeman, Mont.: Montana St. vs. UT Martin, 3 p.m. Minnesota 24, Wisconsin 7 Iowa 13, Nebraska 10 Michigan 13, Ohio St. 10 Illinois 38, Northwestern 28 Notre Dame at Southern Cal, 3:30 p.m. Maryland at Penn St., 3:30 p.m. Rutgers at Michigan St., 3:30 p.m. Fresno St. at UCLA, 3:30 p.m. Purdue at Indiana, 7 p.m. Washington at Oregon, 7:30 p.m. Rhode Island 21, CCSU 17 UT Martin 41, New Hampshire 10 Lehigh 20, Richmond 16 Villanova 22, E. Kentucky 17 FCS Second Round - Game 7 at Macon, Ga.: Mercer vs. Rhode Island, 2 p.m. FCS Second Round - Game 6 at San Antonio: Incarnate Word vs. Villanova, 2 p.m. Sam Houston St. 20, Liberty 18 FIU 35, Middle Tennessee 24 UTEP at New Mexico St., 4 p.m. Jacksonville St. at W. Kentucky, 4 p.m. Kennesaw St. at Louisiana Tech, 4 p.m. Jacksonville St. vs. Team TBD, Conference USA Championship at Jacksonville, Ala., 8 p.m. Jacksonville St. vs. Team TBD, Conference USA Championship at Jacksonville, Ala., 8 p.m. Boise St. vs. Team TBD, Mountain West Championship at Boise, Idaho, 8 p.m. FCS Second Round - Game 5 at Brookings, S.D.: S. Dakota St. vs. FCS First Round - Game 5 (win), 2 p.m. Jacksonville St. vs. Team TBD, Conference USA Championship at Jacksonville, Ala., 8 p.m. Boise St. vs. Team TBD, Mountain West Championship at Boise, Idaho, 8 p.m. FCS Second Round - Game 5 at Brookings, S.D.: S. Dakota St. vs. FCS First Round - Game 5 (win), 2 p.m. Akron 21, Toledo 14 Buffalo 43, Kent St. 7 Miami (Ohio) 28, Bowling Green 12 Ohio 42, Ball St. 21 W. Michigan 26, E. Michigan 18 Cent. Michigan at N. Illinois, 3:30 p.m. Miami (Ohio) vs. Ohio, MAC Championship at Detroit, Noon Jacksonville St. vs. Team TBD, Conference USA Championship at Jacksonville, Ala., 8 p.m. Boise St. vs. Team TBD, Mountain West Championship at Boise, Idaho, 8 p.m. FCS Second Round - Game 5 at Brookings, S.D.: S. Dakota St. vs. FCS First Round - Game 5 (win), 2 p.m. Illinois St. 35, SE Missouri 27 FCS Second Round - Game 5 at Brookings, S.D.: S. Dakota St. vs. FCS First Round - Game 5 (win), 2 p.m. FCS Second Round- Game 4 at Vermillion, S.D.: South Dakota vs. Tarleton St., 3 p.m. FCS Second Round - Game 8 at Fargo, N.D.: N. Dakota St. vs. Abilene Christian, 3 p.m. FCS Second Round - Game 3 at Davis, Calif.: UC Davis vs. Illinois St., 4 p.m. Boise St. 34, Oregon St. 18 Colorado St. 42, Utah St. 37 San Jose St. 34, Stanford 31 Fresno St. at UCLA, 3:30 p.m. Wyoming at Washington St., 6:30 p.m. Nevada at UNLV, 8 p.m. Air Force at San Diego St., 10:30 p.m. New Mexico at Hawaii, 11 p.m. Boise St. vs. Team TBD, Mountain West Championship at Boise, Idaho, 8 p.m. Rhode Island 21, CCSU 17 Boise St. 34, Oregon St. 18 Wyoming at Washington St., 6:30 p.m. Lehigh 20, Richmond 16 FCS Second Round - Game 2 at Moscow, Idaho: Idaho vs. Lehigh, 9 p.m. Tarleton St. 43, Drake 29 Mississippi 26, Mississippi St. 14 Georgia 44, Georgia Tech 42 Louisville 41, Kentucky 14 Tennessee 36, Vanderbilt 23 South Carolina 17, Clemson 14 Auburn at Alabama, 3:30 p.m. Arkansas at Missouri, 3:30 p.m. Oklahoma at LSU, 7 p.m. Florida at Florida St., 7 p.m. Texas at Texas A&M, 7:30 p.m. FCS Second Round - Game 7 at Macon, Ga.: Mercer vs. Rhode Island, 2 p.m. FCS Second Round - Game 6 at San Antonio: Incarnate Word vs. Villanova, 2 p.m. Alabama St. 34, Tuskegee 6 Florida A&M 28, Alabama A&M 20 Southern U. 24, Grambling St. 14 Jackson St. vs. Southern U., SWAC Championship at Jackson, Miss., 2 p.m. Texas State 45, South Alabama 38 Louisiana-Lafayette 37, Louisiana-Monroe 23 Coastal Carolina 48, Georgia St. 27 Troy 52, Southern Miss. 20 Old Dominion 40, Arkansas St. 32 Appalachian St. at Georgia Southern, 6 p.m. Marshall at James Madison, 8 p.m. Villanova 22, E. Kentucky 17 Tarleton St. 43, Drake 29 Abilene Christian 24, N. Arizona 0 FCS Second Round- Game 4 at Vermillion, S.D.: South Dakota vs. Tarleton St., 3 p.m. FCS Second Round - Game 8 at Fargo, N.D.: N. Dakota St. vs. Abilene Christian, 3 p.m. Uconn 47, Umass 42 Notre Dame at Southern Cal, 3:30 p.m.
NoneUS stock futures drift lower as Wall St ends record run before nonfarm payrolls
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