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Vessels at the Strait of Hormuz, as seen from Musandam, Oman. REUTERS/Stringer
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- Federal Reserve Chairman Kevin Warsh opened a new era of US monetary policy, with officials agreeing to leave interest rates unchanged despite inflation stuck well above their target but also launching an ambitious review that could reshape how the central bank makes decisions and communicates with the public.
- The Trump administration said it would pay $765 million to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.
- Surging Chinese trade with Africa and lifting of tariffs for most countries on the continent look set to boost yuan use, aiding Beijing's bid to build alternatives to Western finance.
- German Chancellor Friedrich Merz and his counterparts are reluctantly contemplating action to address a yawning €360 billion deficit with the People’s Republic. In this week’s Viewsroom podcast, Breakingviews columnists debate whether the continent can actually form a united front.
- A rise in Russian attacks on Ukrainian seaports and vessels could cut monthly grain shipments by as much as a third. Ukraine is one of the world's major grain exporters.
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Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend against new aerial threats.
Drone technology has caused upheaval at airports for years, with London's Gatwick Airport among those to have had to suspend flights due to drone alerts pre-2020. However, a fresh wave of incursions linked to wars in Ukraine and the Middle East has sent those concerns into overdrive.
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Qantas presents the modified Airbus A350-1000ULR jets to be used for record-breaking non-stop flights, with Sydney-London designated as the first route. REUTERS/Tim Hepher
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Qantas Airways announced London as the first destination for the world's longest non-stop commercial flight, a roughly 20-hour trip from Sydney eliminating the traditional stopover on the "Kangaroo Route".
The Australian carrier plans to start selling tickets in February and launch the flights in October 2027.
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