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Airbus announces major order of nearly 300 aircraft for four Chinese airlines

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Airbus announces major order of nearly 300 aircraft for four Chinese airlines

European manufacturer Airbus has just announced a massive order for nearly 300 aircraft for Chinese airlines.


The official statement from the manufacturer says that an agreement has been signed with Air China, China Eastern, China Southern and Shenzhen Airlines for 292 aircraft of the A320 family, which includes A319, A320 and A321. This is the first major purchase made by Chinese companies since the outbreak of the pandemic, which had its initial epicenter in the Asian country.

It is not specified how many units of each model and how the division between the companies will occur, but it is expected that all of these will be variants of the Neo with the new engine that are already working in the mentioned companies.

Airbus currently dominates China’s single-aisle commercial aircraft market, despite Boeing having a larger presence given the larger number of twin-aisle aircraft.

In turn, the country has 2,070 aircraft of a European manufacturer, in addition to the plant in Tianjin, where aircraft of the A320 family are assembled, and there is also a finishing line for the A330 family. Another Airbus presence is the helicopter division with an assembly line for the H135 in Qingdao.


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Economy

After all, how much lower fuel prices? See accounts here

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After all, how much lower fuel prices?  See accounts here

Ethis week started with lower fuel prices, which was found for both diesel and gasoline. The fall averaged seven cents, slightly below forecast.

Average price for simple diesel fuel fell in price to 1746 euros per liter (€/litre) on Monday, August 8, compared to 1816 euro/litre on Sunday. it discount seven cents.

Me and simple gasoline 95 cost, on average, €1805/liter on Monday, minus 7.3 cents than the 1,878 euros per liter registered the day before, according to data released by the Directorate General for Energy and Geology (DGEG).

With proven descent on plain petrol 95the price of this component returns to pre-war levels in Ukraine. Let me remind you that on February 23, the average price of regular gasoline 95 was 1816 euros / liter. On the same day of the invasion, plain gasoline 95 also cost €1,816 per litre, compared to the current €1,805 per litre..

Dynamics of fuel prices since the beginning of the war© DGEG website reproduction

The average price at gas stations for the week from 1 to 7 August in the case of gasoline was 0.9 cents higher than the ERSE weekly average price and 0.1 cents lower for diesel.. The information is contained in the Weekly Report on Supervision of Sales Prices to the Public, posted on Monday Energy Services Regulatory Authority (ERSE).

“Regarding the previous week, it was found that the average selling price for the public, announced on the porticos and published in the Balcão Único da Energia, was 0.9 cents per litre. [cêntimos/litro] higher than this week’s effective price for plain gasoline 95 and 0.1 cents/liter lower for plain diesel.”

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Thus, according to ERSE, “in percentage terms, plain 95 gasoline was declared on taps 0.5% above the effective price, and ordinary diesel fuel was declared 0.1% below the effective price.”

Read also: Fuel is cheaper today (and could return to pre-war prices)

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Economy

Europe ends the session in green. Oil is on the rise. Interest Weakens – Minute Markets

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Europe ends the session in green.  Oil is on the rise.  Interest Weakens - Minute Markets

Europe recovers from worst day in three weeks and accelerates growth

The main markets of Western Europe opened weekly trading in positive territory, investors are closely watching the companies’ quarterly earnings and losses. It comes after the underlying Stoxx 600 recorded its worst day in three weeks on Friday under pressure from the tech sector, which fell more than 2%.

The core index of the Old Continent added 0.76% to 439.04 points, with all sectors trading in positive territory. The oil and gas sector recorded the largest growth, followed by the mining sector and utilities (water, electricity, gas). On the other hand, food, media and telecommunications traded with gains below 0.5%.

“Markets have proven resilient in recent weeks,” Esty Dweck, an analyst with Flowbank, explains to Bloomberg. “Europe continues to surprise with growth, but growth prospects remain negative, suggesting that recent good performance is unlikely to last until the end of the year.”

Among the main indexes in Western Europe, the German Dax rose 0.98%, the Spanish IBEX 35 added 0.91%, the French CAC-40 and the Dutch AEX added 0.71%. Britain’s FTSE 100 added 0.61%, while the Portuguese PSI jumped 0.74%.

Italy’s FTSEMIB added 0.81% even after rating agency Moody’s downgraded the “forecast” of the country’s economic growth.

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Russian weapons depend on hundreds of Western components, report condemned

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Russian weapons depend on hundreds of Western components, report condemned

More than 450 foreign-made components were found in Russian weapons found in Ukraine, providing strong evidence that Russia acquired important technology from companies in the US, Europe and Asia years before the invasion, Royal United said in a report on Monday. RUSI), a defense-related think tank.

Since the start of the war five months ago, the Ukrainian military has been seizing or returning undamaged or partially damaged Russian weapons from the battlefield. After dismantling, 27 of these weapons and military systems, from cruise missiles to air defense systems, turned out to be predominantly Western components, the most detailed assessment published to date of the role of Western components in Russia’s war against Ukraine. .

According to RUSI, about two-thirds of the components were manufactured by US companies based on weapons seized from Ukraine. The products of Analog Devices and American Texas Instruments account for almost a quarter of all Western weapons components. Other components were supplied by companies from countries such as Japan, South Korea, the UK, Germany, Switzerland and the Netherlands.

“Russian weapons, which are critically dependent on Western electronics, have resulted in the deaths of thousands of Ukrainians,” Jack Watling, RUSI’s ground warfare expert, told Reuters.

While many foreign components are found in everyday items such as microwave ovens that are not subject to export controls, RUSI assured that tightening export restrictions and enforcement could make it difficult for Russia to replenish your arsenal of weapons such as cruise missiles.

In one case, the Russian 9M727 cruise missile, one of the country’s most advanced weapons capable of maneuvering at low altitude, evading radar and hitting targets hundreds of kilometers away, contained 31 foreign components. The parts were made by companies including US-based Texas Instruments and Advanced Micro Devices (AMD), as well as Cypress Semiconductor, now owned by Germany’s Infineon AG.

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In another case, the Russian Kh-101 cruise missile that was used to attack Ukrainian cities, including the capital Kyiv, also had 31 foreign components, with parts made by companies such as US-based Intel Corporation and AMD Xilinx.

When asked how their chips ended up in Russian weapons, the companies assured that they were complying with trade sanctions and stopped selling components to Russia. Analog Devices noted that the company closed its business in Russia and instructed distributors to stop deliveries to the country. Texas Instruments said it complies with all laws of the countries in which it operates and that parts found in Russian weapons are for commercial products. Intel stated that it “does not support or condone our products being used to violate human rights.” Infineon has expressed “deep concern” if its products are used for purposes for which they were not intended. AMD has stated that it strictly follows all worldwide export control laws.

Many foreign components cost only a few euros, and Russian companies could have purchased them online through national or international distributors before the invasion of Ukraine because they could be used for non-military purposes.

However, more than 80 Western-made microchips have been subject to U.S. export controls since at least 2014, meaning they would need a license to ship to Russia, RUSI reported. for the Russian military or for military use, according to RUSI.

The investigation revealed that the Russian military remains dependent on foreign microchips for everything from tactical radios to drones and long-range precision-guided munitions, and that Western governments have been slow to restrict Russia’s access to these technologies, especially after the invasion of Russia. President Vladimir Putin in 2014.

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According to the National Security and Defense Council, in the first five months of the war, Russian troops fired more than 3,650 missiles. These include 9M727 and Kh-101 missiles. Currently, Russia is looking for new ways to provide access to Western chips, condemned RUSI. Many components are sold through distributors operating in Asia, such as Hong Kong, which acts as a gateway for electronic components entering the Russian military or companies acting on its behalf, RUSI has found, ensuring that the Russian military is constantly undermined. if Western governments tighten export controls, succeed in shutting down clandestine procurement networks in the country, and prevent the production of sensitive components in states that support Russia.

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