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Global tourism sees upturn; recovery remains fragile

29 Nov 2021 Foreign Affairs News Desk

International tourist arrivals increased by 58% in July-September compared to the same period of 2020. However, they remained 64% below 2019 levels. Europe recorded the best relative performance in the third quarter, with international arrivals 53% down on the same three-month Read More
Spain to become center of world tourism for three days

25 Nov 2021 Foreign Affairs News Desk

More than 500 delegates from around the world, including Ministers of Tourism of UNWTO Member States, international organizations, as well as leaders from the private sector and civil society, will participate in the meeting of the supreme governing body of Read More
Samsung to build chip factory in Texas

25 Nov 2021 Foreign Affairs News Correspondent

Samsung said it plans to build a US $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. The South Korean chipmaker said it will break ground on Read More
US to release oil reserves; Will ease prices?

24 Nov 2021 Monica Ranjit

With the US President Joe Biden’s order to release of 50 million barrels from the Strategic Petroleum Reserve (SPR) on Tuesday, oil experts are analyzing whether will this move see a significant drop in gas prices to help bring down Read More
China world’s richest country now

20 Nov 2021 Foreign Affairs News Desk

China has beat the U.S. to become the world’s richest nation, according to a new report. Global net worth soared from US $156 million in 2000 to US $514 trillion in 2020, making the world wealthier than it was at Read More
Remittance flows register robust 7.3% growth in 2021

19 Nov 2021 Foreign Affairs News Desk

Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach US $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in Read More
Asia-Pacific region’s airlines urge to restore more global connectivity

16 Nov 2021 Steve Creedy

With International passenger volumes across the Asia-Pacific still at just 6 percent of pre-pandemic levels, the leaders of the region’s major airlines have called on governments to do more to restore global connectivity. The Association of Asia Pacific Airlines Assembly Read More
Dubai Airshow opens

14 Nov 2021 Foreign Affairs News Desk

Aerospace industry CEOs, executives, and officials gathered at the Dubai Airshow, the first in-person aviation event taking off today after COVID-19 pandemic. The air show that wraps off on November 18 is said to be the largest aerospace trade event Read More
Qatar Airways, China Southern Airlines sign codeshare deal

14 Nov 2021 Foreign Affairs News Desk

Qatar Airways and China Southern Airlines recently signed a joint memorandum of understanding (MoU), confirming a significant expansion of the existing codeshare agreement, and outlining greater benefits and more seamless connections between the two partners. The MoU signed by Qatar Read More
Nepal Airlines sign deal with THAI, ANA, KU & Emirates

13 Nov 2021 Foreign Affairs News Desk

Nepal Airlines has entered into flight agreements with four international airlines The national flag carrier of Nepal, Nepal Airlines (NA) has signed agreements with four different international airlines. Nepal Airlines Corporation, formerly known as Royal Nepal Airlines, is the flag Read More