-
Kenya's economy faces climate change risks: World Bank
-
'Job forever': trade schools are all the rage in the AI era
-
Streamex is making digital gold accessible
-
Mixed US auto sales in Q2 amid high gas prices
-
US stocks retreat to open Q3 ahead of June jobs data
-
'Gus' the T. rex presented in New York ahead of auction
-
Oppressive heat broils US during World Cup, July Fourth
-
Mixed US auto sales in 2nd quarter amid high gas prices
-
Rufus the hawk patrolling Wimbledon tennis club
-
Record heat broils US east coast amid World Cup, July Fourth events
-
US Fed chair says committed to combatting 'too high' prices
-
Portugal braces for high temperatures in new heatwave
-
England breaks record for warmest June: Met Office
-
Planned 1.7 million satellites 'devastating' for astronomy: study
-
Trump defends earning more than $1bn on crypto
-
Canada to join Eurovision Song Contest
-
Swedish court orders Google pay $1.46 bn for favouring its price comparisons
-
Chinese firm sells hyper-real, 'always loyal' humanoid robots
-
China imposes 'national security' rules on overseas investments
-
Trump earned over $1 bn from crypto ventures in 2025
-
Indian sailors fear returning to Gulf after Middle East war
-
The Afghan women farmers keeping their village alive
-
Fear and anger brew inside Meta amid AI frenzy
-
After 250 years, the 'American dream' is tarnished but alive
-
World Bank to phase out lending to China by 2031
-
No corn dogs? Trump's 'Great American State Fair' threatens to be a flop
-
Tepid outlook weighs on Nike despite tariff refund boost
-
CIA boss compares cutting-edge AI to nuclear weapons
-
Football brings joy to Venezuelan kids displaced by quakes
-
Taps run dry in Hungarian village as heatwave bites
-
German rail regulator backs Italian firm in competition spat
-
Inflation slows in top eurozone economies as ECB ponders next move
-
Record number of 'new millionaires' in 2025, says UBS
-
Data centres emitting more CO2 than thought: study
-
Ride-share group BlaBlaCar taps AI for 20-country expansion
-
Thousands march to demand illegal migrants leave South Africa
-
MEXC Lists Ondo's Tokenized Strategy Preferred Stock on Spot Market
-
Stocks climb, yen stays near 40-year low against dollar
-
Germany's labour market dilemma: rising unemployment despite vacancies
-
Over 1 million migrants apply for Spain's mass regularisation: PM
-
New Oxford academic centre symbolises UK's big-donor era
-
NASA robot mission aiming to rescue space telescope
-
Taiwan's ageing seaweed harvesters hope younger women wade in
-
Affiliate of Pacific Avenue Capital Partners Completes Acquisition of ESE World from Amcor
-
HUNTING/HER Headhunter Talk with EnBW Board Member & CHRO Colette Rückert-Hennen
-
Extreme heat warning issued for World Cup host Kansas City
-
World Bank drops climate finance targets in renewed action plan
-
Tech rebound lifts Dow to record, yen hits 40-year low against dollar
-
US Supreme Court rules on dragnet searches of cellphone location data
-
Europe's deadly heatwave scorches east, Slovakia hits record
Airbus cancels Qatar Airways plane order in feud
Airbus has taken the extraordinary step of cancelling a multi-billion-dollar order of 50 planes from Qatar Airways, a major customer, in an escalating feud over the airline's grounding of A350 aircraft.
The Qatari company, one of the Gulf region's "big three" carriers, has grounded nearly half of its 53-plane A350 fleet over degradation of exterior fuselage surfaces.
The airline has taken the dispute to the High Court in London and stopped accepting further deliveries of the wide-body aircraft from the European firm until the problem is resolved.
An Airbus spokesman told AFP on Friday that the aircraft maker has "terminated" a contract with Qatar Airways for 50 single-aisle A321neo aircraft, "in accordance with our rights".
It is usually airlines that cancel orders when they no longer need them or cannot afford them anymore.
The order was worth more than $6 billion at catalogue prices, though airlines are usually charged less for large purchases.
The two companies had their first hearing in court on Thursday.
Qatar Airways demanded $618 million in compensation, plus $4 million more per day for each day the A350 planes have been kept idle, a source close to the matter said.
Airbus said it cancelled the A321neo orders because Qatar Airways failed its contractual obligations by refusing to take deliveries of A350 planes.
The aerospace giant has acknowledged the existence of paint degradation, which can expose a metallic mesh that protects aircraft from lightning strikes.
But Airbus says the issue poses no air safety problems.
The aerospace giant has said the European Aviation Safety Agency (EASA) confirmed its findings that the paint-related issue had "no airworthiness impact on the A350 fleet".
- 21 planes grounded -
The row erupted in August last year when Qatar Airways announced that its country's aviation regulator ordered the grounding of 13 A350 planes due to the fuselage issue.
There are now 21 airplanes sitting on the tarmac. Airbus was supposed to deliver 23 more A350 planes to the airline but Qatar Airways has refused to accept them since last summer.
Other airlines have found similar paint issues with their A350 planes, but Qatar Airways is the only one to have grounded aircraft.
Airbus said last month that it was ready to seek independent arbitration to settle the dispute.
In an unusually stern statement about a client, Airbus said at the time that the "attempt by this customer to misrepresent this specific topic as an airworthiness issue represents a threat to the international protocols on safety matters".
Qatar Airways took the matter to the London court instead.
A new hearing is scheduled for the week of April 26.
A.Samuel--CPN