Chinese airlines will need 8,700 new airplanes through 2040, 1.2% higher than its previous prediction of 8,600 planes made last year. Those would be worth $1.47 trillion based on list prices, the U.S. planemaker said in a statement.
Earlier this month, Boeing revised up long-term forecasts for global airplane demand on the back of a strong recovery in commercial air travel in domestic markets like the United States.
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COVID-fuelled child labour crisis spurs call for global social protection fund
The pandemic has pushed many countries – from the United States to Rwanda – to spend trillions of dollars on short-term measures, including payments to businesses and poor families, to cushion their populations from economic shocks. A fraction of this cash could be used to start a fund offering basic income like cash transfers to the poor, pensions for the elderly and disability, unemployment and child benefits, campaigners said at an online event.”Social protection is absolutely fundamental,” said Sharan Burrow, general secretary of the Brussels-based International Trade Union Confederation. “If we have a fund to build those social protection systems for the 55% of the world’s people who have no social protection, and for the 72% who have little or no social protection, then it returns money and jobs to the economy,” she said.
EU plans 120 billion euro economic boost by easing insurance rules
Olav Jones, deputy director general for Insurance Europe, an industry body, said he welcomed EU acknowledgement of the need to reduce capital requirements, but only a “significant and permanent” cut in capital would allow insurers to increase support for the economy and regain global competitiveness.
Brussels proposed easing the impact of the so-called volatility adjustment, which mitigates the impact of short-term market moves on insurer solvency.
It also wants to make it easier for insurers to benefit from preferential capital treatment worth around 10.5 billion euros from investing in long-term assets to green the economy.
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