777-300 ER and two Boeing 777 freighters, Jeffery said. Emirates is established as a major global carrier, serving 134 destinations in 76 countries. Its fleet of Airbus A380 double-deckers has turned Dubai into an international aviation crossroads, stripping business from veteran carriers such as Air France-KLM Group and Deutsche Lufthansa AG of Germany . Keeping Awake Emirates, which begins its fiscal year on April 1, needed $5.5 billion this year to finance 25 aircraft deliveries, Jeffery said.
German finance minister: ‘I don’t see’ any further eurozone bailouts
“Capital inflows will, in due course, correct the position.” India has been caught up in an emerging markets sell-off , triggered by talk of tighter U.S. monetary policy . But the slide has been exacerbated by local factors, including a large current account deficit , which reflects the nation’s tendency to import more than it exports and leaves it reliant on foreign capital. Chidambaram vowed to shrink India’s current account deficit this fiscal year, bringing it down to $70 billion from $88 billion in 2012-2013. He reassured investors that “there was — and is — no intention to introduce any type of capital control”, which could further choke off foreign investment.
India’s finance minister tries to stem panic
We don’t want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness,” Schaeuble said. “A stronger Europe means that everyone has to do its duty and not to ask for more money by others — that’s the wrong way to get a strong Europe, that’s the wrong incentive.” German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe’s largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries — Portugal, Ireland and Cyprus — remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction.