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Looming Emirates 777X deal to kickstart Dubai Airshow, sources say

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Dubai (Reuters) – Middle East carriers look set to order tens of billions of dollars of long-haul jets at the opening of the Dubai Airshow on Monday, as Emirates renews confidence in the delayed Boeing 777X while facing new competition from rivals like Turkish Airlines.

Hosts Emirates and low-cost cousin flyDubai are expected to stamp their mark early on the world’s second-largest aerospace event, industry sources said, despite concerns about a drop in the economically key travel sector due to Mideast tensions.

That includes a new order for several dozen Boeing 777X jets, they said, in a boost for the programme amid ongoing uncertainty over the schedule for the world’s largest twin-engined jet, currently expected in 2025 after a five-year delay.

People familiar with the flagship programme have said the risks are weighted toward further delays as Boeing first gauges the impact of tighter certification rules on other projects. Boeing said on Friday there was no change to its schedule.

Emirates is the world’s largest user of wide-body jets, including Airbus A380 superjumbos and current-generation Boeing 777s. It has publicly said it is considering more orders of the upgraded 777X as well as the Airbus A350 and smaller Boeing 787.

Of these, the 787 is least likely to feature immediately.

FlyDubai flies Boeing 737 MAX narrowbody jets, which compete with the Airbus A320neo, and is set to order more planes in that category this week, sources said.

Emirates, Airbus (AIR.PA) and Boeing declined comment.

Industry officials estimate airlines worldwide are negotiating behind the scenes to buy some 700-800 new jets, including 200-300 of the world’s largest, as they catch up on fleet replacement plans set aside during the pandemic.

How many of those bear fruit in time for the Nov. 13-17 show depends on the state of negotiations and jockeying for the limelight as Gulf groups face a widening circle of competition.

Turkish Airlines (THY) (THYAO.IS) burst onto the show’s agenda on Saturday with word from state-run Anadolu news agency that it was in talks to buy up to 355 Airbus jets.

Following more talks, industry sources said the airline could announce at least part of the deal on Monday.

It has said it is in discussions for as many as 600 planes overall, likely to be split between Airbus and Boeing.

One Mideast source described the prospect of a Turkish order as a “bold move,” stepping up competition at the showcase event.

However, speculation of a large Dubai order for narrowbody jets from the region’s newest player, Saudi Arabia’s Riyadh Air, as early as Dubai is premature, other sources said.

The airline, which has hinted at a decision in coming weeks, declined to comment.

Aviation powerhouse Dubai is staging the biennial aerospace pageant against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons and closing airspace, making flights longer and more expensive for some airlines.

Travel analysis firm ForwardKeys said on Friday flight bookings had fallen around the world since Oct. 7.

Bookings to the Middle East have slumped 26%, it said.

“There’s enough statistical evidence, at least in the short term, to show that there’s been a substantial drop in tickets sales into the region,” said Daniel Silke, director of Cape Town-based Political Futures Consultancy.

Analysts have said the war in Gaza is also likely to reinforce demand for weapons on top of a surge in the past 18 months as the United States and its allies rearm Ukraine against Russia. However, few major arms deals are expected at the show.

Algerian president names a new prime minister ahead of elections next year

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Algiers (AP) — Algerian President Abdelmadjid Tebboune on Saturday dismissed the country’s prime minister and replaced him with the head of his cabinet as the country struggles with inflation and next year’s national elections approach.

The state news agency said in a statement Saturday that, after more than two years in office, Aimene Benabderahmne would be replaced with 73-year-old lawyer Mohamed Labaoui, a Tebboune ally who has headed the president’s cabinet since March.

Benabderahmne’s sacking comes three years into Tebboune’s tenure and is the latest upheaval to shape North African politics. In August, Tunisia’s president dismissed his prime minister, while the head of Algeria’s powerful state-run oil company and eight of his vice presidents were dismissed several weeks ago.

For Tebboune, the changing of the guard takes place at a time of economic anxiety and ahead of next year’s presidential elections. In December 2024, Tebboune, 78, will ask voters to give him an another term leading Africa’s largest nation by geography — a country with a population of 44 million that spans nearly one million square miles (2.4 million square kilometers) including vast swaths of the Sahara desert rich with oil and gas.

Throughout Tebboune’s first term, Algeria has remained heavily reliant on oil and gas to underwrite its budget, while the price of basic goods such as food and medicine has spiked in line with regional and worldwide inflation.

Algeria faced similar inflation challenges to many countries after the peak of the coronavirus pandemic and amid war in Ukraine but has also benefitted as Europe has sought to wean itself off Russian natural gas and looked for additional sources of energy.

Much like the rest of the Middle East and North Africa, the country has experienced street protests over Israel’s latest war with Hamas in Gaza. The government has issued some of the region’s most supportive statements to the Palestinians, calling “Zionist colonial occupation” the heart of the conflict on the day Hamas militants first attacked Israel. But it has imposed restrictions on some street protests, including those organized by Islamists opposed to the government.

That’s the environment in which Tebboune is touring the country ahead of the election, his first since Algeria’s popular Hirak movement led the push to remove longtime President Abdelaziz Bouteflika in 2019. That year, Tebboune ran as a “people’s candidate” vowing to fight corruption and revitalize the economy for everyone’s benefit, including that of the younger generation that led Hirak’s protests.

He emerged victorious in a low-turnout race plagued by boycotts, including from Hirak, which saw him as an ally of the historically powerful military apparatus.

Tebboune initially pledged to make overtures to Hirak leaders and released imprisoned protesters from jail. But his leadership has done little to quell the outrage of the young people who led demonstrations; under his rule, Algeria has continued its crackdown on pro-democracy groups, activists and journalists.

Larbaoui, the incoming prime minister, rose from being an athlete on Algeria’s national handball team to a member of the country’s diplomatic corps, having served as Algeria’s ambassador to Egypt and the United Nations.

Attacks by Lebanon’s Hezbollah group wound 7 Israeli troops, 10 others along border with Israel

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Jerusalem (AP) — Attacks by Lebanon’s Hezbollah group Sunday wounded seven Israeli troops and 10 other people, Israel’s military and rescue services said.

The clashes came as skirmishes between the Iran-backed group and Israeli military continue to intensify along the Lebanon-Israel border, threatening to escalate into another front in the Mideast’s latest war.

The assault was the most serious incident involving civilians along the Lebanon-Israel border since an Israeli airstrike in south Lebanon on Nov. 5 killed a woman and three children.

The Israeli army’s chief spokesman, Rear Adm. Daniel Hagari, said the Hezbollah attack on Israeli civilians was “very serious.”

He said Israel is focused on its war in Gaza but it also remains at a “very high level of preparedness in the north” and ready to take further action.

The Israeli military “has operational plans to change the security status in the north,” he told reporters. “The security status will not remain such that the civilians of the north do not feel safe returning to their homes.”

The Israeli military said in a statement that “seven IDF soldiers were lightly injured as a result of the mortar shell launches in the area of Manara in northern Israel earlier today.” Israeli rescue services did not identify the location or provide information about the 10 others wounded by rocket blasts and shrapnel, but said two of them were in critical condition.

The Israeli military said they identified 15 launches from Lebanon over the past hour and their defense systems intercepted four of them. The rest fell into open areas.

Hamas’ military wing, meanwhile, claimed responsibility for shelling the northern Haifa and the Israeli border towns of Na’ura and Shlomi from southern Lebanon without giving any further details.

Hezbollah first fired antitank missiles at an Israeli community just over the border on Sunday, Israeli officials said, badly wounding utility workers. The Israeli military said it was striking the origin of the launch with artillery fire. The Israel Electric Corp. said workers in the rural community of Dovev were wounded while repairing lines damaged in a previous attack. Israeli media reported that six people were wounded, including one critically.

Israel struck several southern Lebanese towns, including Yaroun, Mays el-Jabal, and Alma al-Shaab.

The Israeli military Sunday night shared an aerial video showing strikes on what it said was Hezbollah militant infrastructure including a “military compound with a warehouse of weapons and military infrastructure.” It did not give any additional details. Hezbollah said it launched guided missiles against a “logistical force belonging to the occupation army that was about to install transmission poles and eavesdropping and spying devices near the Dovev barracks.” It said it hit an Israeli military bulldozer in a separate strike. Shortly after the attack, air raid sirens were heard in northern Israel. Army Radio reported that another antitank missile had been fired from Lebanon.

Hezbollah later announced attacks on Israeli military gatherings and barracks in border areas Birket Riche and Zareit, as clashes continue to intensify.

Israeli troops and Hezbollah militants and their allies have been clashing along the border since the Israel-Hamas war started five weeks ago with a bloody incursion into southern Israel by Hezbollah ally Hamas. While largely contained, clashes have increased in intensity as Israel conducts a ground offensive in Gaza against Hamas.

Also Sunday, the United Nations peacekeeping force in south Lebanon, UNIFIL, said one of its peacekeepers had been wounded by gunfire overnight near the Lebanese town of al-Qawza. It was not immediately clear where the shooting had come from or whether the peacekeepers were targeted or caught in crossfire. UNIFIL said it was investigating.

For news organizations, the flood of Gaza war video is proving both illuminating and troubling

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New York (AP) — A camera livestreaming the skyline of Gaza City captures streaks of light. Dash-cam video from a car in Israel spots a killer coming into view. A satellite identifies tank tracks in the dirt, and a mall security camera catches the moment a bomb in Gaza detonates.

While journalists’ access to the war in Gaza is limited, a flood of video from all sorts of sources documents what is — and isn’t — going on.

At news organizations, sifting through material found online to determine what is real, and to unearth the sometimes unexpected clues that can be used to tie stories together, are increasingly important — and often emotionally overwhelming — jobs.

“It has become a key part of doing journalism in the modern age,” said Katie Polglase, a London-based investigative producer for CNN.

CBS News last week announced the launch of “CBS News Confirmed,” the formation of a team to use data and technology to study online evidence. Earlier this year, the similar “BBC Verify” unit was formed to bring more open source reporting methods to the worldwide news outlet.

The buildup of this capability was seen most prominently when The New York Times, Washington Post, Wall Street Journal, CNN and The Associated Press did in-depth analyses of video evidence — including those streaks in the sky — to try and determine the disputed cause of a deadly Oct. 17 explosion at Gaza’s al-Ahli Arab Hospital.

There was no unanimity — and some caution about drawing conclusions absent an ability to examine evidence on the ground.

No Longer Just On The Scene

In an earlier era, viewers generally saw the aftermath of a news event unless television cameras happened to be on the scene. Now, with millions of people carrying phones that have video cameras, the aftermath isn’t good enough. The buzzword is “now.”

“The reality is that audiences expect to participate in a shared viewing experience, to learn what is going on along with anchors and reporters,” said Wendy McMahon, president of CBS News and Stations.

That means combing through an endless supply of video posted on sources like X (formerly Twitter), YouTube, Instagram, Telegram and Facebook. Much is harrowing: images of mangled bodies, bloodied children carried out of rubble, people distraught at the loss of loved ones. The effect of seeing such images is known by those who must watch them frequently as “vicarious trauma.”

Combatants know well the power of such images, which explains why some Hamas members wore cameras to document their Oct. 7 killing spree in Israel. Meanwhile, Israel compiled and has been showing grisly images of that day to journalists.

“The degree to which social media has been used is very sophisticated,” said Rhona Tarrant, senior editor at the investigative site Storyful. “There’s so much information. There’s so much content.”

News organizations are constantly weighing their job to convey reality against the concern that violent images are too traumatizing for consumers to see. Too much can desensitize viewers. Yet sometimes the repetition — the ongoing grind of war — is a story in itself.

Through images that have appeared online in recent weeks, people “learned” about Bella Hadid, a model of Palestinian descent, denouncing Hamas’ attack in Israel; a row of supposed bodies of dead Palestinians covered in white shrouds where one mysteriously moved; and a Palestinian “actor” seriously wounded in a hospital bed one day and walking unharmed the next.

None of it happened. All of the images were fake.

Video of Hadid accepting an award for activism in Lyme Disease was manipulated to make it seem like different words were coming from her mouth. The “moving body” video came from a 2013 protest rally in Egypt. The supposed “actor” was two separate people, and the image of one in a hospital bed preceded the start of the war.

That’s where the sleuthing skills of journalists studying video comes into play. Much of what is online now comes from past conflicts, including in Gaza itself, being passed off as new; search engines exist to help determine the truth. Sometimes images from video games are passed off as real, but experts can usually spot them.

“This war in many respects has confirmed our working assumption, that news organizations would see an influx of deep fakes and misinformation at a scale that was never seen before,” McMahon said.

How Potent Is AI’s Power?

Although the advance of artificial intelligence is a great fear, some experts says its use so far in this war has been limited in comparison to, say, old video being passed off as new. “People believe that AI is more powerful than it is at the moment,” said James Law, editor-in-chief at Storyful.

While debunking falsehoods is a big part of what journalists are doing, the use of video and other publicly available material — the definition of open-source reporting — has also come into its own in recent weeks.

Storyful, which formed in 2009 to help news organizations make sense of all that is out there, is particularly adept at this new form of detective work. Its investigators use many tools, including mapping software, flight-tracking, security cameras, news agency videos.

Often people are shooting footage, and something else that happens to be there — like leftover fragments from a bomb — can be clues for another story entirely, Polglase said.

Maps, video and audio from different sources can be pulled together for stories on how particular events unfolded, such as the Hamas attack on an outdoor concert the morning of Oct. 7. CNN’s investigation of this event, for example, illustrated how concertgoers were directed toward shelters they thought would be safe but turned out to be killing grounds.

The New York Times used video and Telegram postings to show how false claims that Israelis were going to settle in a Muslim area of Russia led to a mob attacking a plane.

Satellite images, video and photos helped The Washington Post track where Israeli forces went during their initial incursion into Gaza. Through videos and reporting, the BBC told about four sites in southern Gaza that were bombed and checked to see what kind of warning Israel offered to civilians that it was coming.

Part of the “CBS News Confirmed” initiative involves the hiring of journalists who are skilled in this type of reporting. Beyond concentrating on specific teams, organizations like the AP and BBC are training journalists throughout the world in some of these techniques.

Yet some of this work comes with a price. News outlets have long worried about the physical safety of journalists stationed in war zones, and are now becoming cognizant that spending hours watching disturbing video can be an emotional drain.

The investigative site Bellingcat tells employees to protect their mental health. “Always ask yourself if there is a genuine reason you need to view this footage,” advises Charlotte Maher, its social media critic. And one expert offers this advice: Turn off the sound after hearing something once because the audio can be as disturbing as what can be seen.

At Storyful, employees area encouraged to talk about what they’re going through and take advantage of counseling services if needed, all under a common message: You don’t need to just suck it up. Says Tarrant: “It certainly does take a toll on the team.”

China, Pakistan navies hold drills days after Russia’s historic Andaman exercise

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Beijing (Reuters) – The Chinese and Pakistani navies are holding weeklong drills in the Arabian Sea days after the Russian Pacific Fleet and Myanmar practised repelling attacks in their first maritime exercise, while India and the United States pledged security cooperation.

At a naval base in Karachi on Saturday, the Chinese and Pakistani navies kicked off the exercise in the waters and airspace of the northern Arabian Sea in drills that include anti-submarine operations. The exercise will end on Nov. 17.

During the exercise, China and Pakistan will conduct joint maritime patrols for the first time, the People’s Liberation Army Daily reported on Monday.

The exercise follows what Moscow describes as “the first Russian-Myanmar naval exercise in modern history” held from Nov. 7-9 in the Andaman Sea on the northeastern fringe of the Indian Ocean, a milestone for Russia’s naval presence in a sea that the United States counts as one of its global security interests.

Admiral Tributs and Admiral Panteleyev, two large Russian anti-submarine ships, conducted exercises with a frigate and a corvette of Myanmar’s navy, according to Interfax news agency last week.

Amid the push for deeper security ties between China and Pakistan, and Russia and Myanmar, U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin held defence talks in New Delhi on Nov. 10 with their Indian counterparts.

In a joint statement released after the so-called “2+2 Dialogue”, the U.S. and Indian governments expressed deep concern over the war in Ukraine but made no explicit mention of Russia. They also pledged their commitment to safeguarding a free and open Indo-Pacific.

New Delhi has carefully preserved its longstanding relations with Russia, including cooperation in defence, even as its ties with Washington have grown steadily stronger.

China was also not mentioned in the joint statement, even though an Indian government official said ahead of the talks that China would be one of the “key focus points”.

The careful navigation of those talks comes ahead of a highly anticipated meeting between U.S. President Joe Biden and Chinese President Xi Jinping in San Francisco this week, where Washington is expected to seek a re-establishment of military-to-military ties with Beijing.

Sri Lanka’s budget will strive to return economy to growth, meet IMF targets

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Colombo (Reuters) – Sri Lanka’s government will be walking a tight rope in setting out its 2024 budget plan later on Monday as it tries to keep an IMF-led bailout programme afloat by raising revenue through tax hikes while striving to return the crisis-hit economy to growth.

President Ranil Wickremesinghe, who is also the island nation’s finance minister, will present the annual budget to parliament at midday.

Wickremesinghe has the tricky task of boosting tax revenue and rationalising spending in the budget while supporting an economic turnaround seen by political pundits as essential to boosting his appeal at presidential elections in 2024.

Authorities have their work cut out as they must meet strict targets set by the International Monetary Fund (IMF) under a $2.9 billion bailout for the island nation, part of which has already been allocated and helped drive a slow recovery in an economy set to contract 2% this year.

The IMF has warned of revenue shortfalls and backed a 12% budget deficit for 2024 under its four-year program.

Sri Lanka’s cabinet approved raising Value Added Tax (VAT) by 3% from Jan. 1 and broaden VAT collection to increase revenue. Wickremesinghe is also expected to outline how the government may implement additional revenue measures including new taxes such as wealth and inheritance taxes proposed as part of the IMF program.

“This budget has not been formulated with short-term political agenda in mind,” said State Minister of Finance Ranjith Siyambalapitiya in a short statement released on Sunday.

“The main focus is to ensure that Sri Lanka will not fall back into crisis and will maintain its recovery path”.

Bondholders and bilateral creditors will also be watching the budget for signals on how closely Sri Lanka will adhere to IMF targets, which include reaching a primary surplus of 2.3% by 2025 and reducing debt to GDP to 95% by 2032.

Sri Lanka’s budget expenditure will exceed a record 6.5 trillion rupees ($19.8 billion) in 2024, an increase of 12% when compared with the previous year, according to the preliminary budget figures.

Interest payments of 2.6 trillion rupees make up more than a third of total spending, while capital expenditure will stay largely unchanged from 2023 at 1.2 trillion rupees.

Sri Lanka’s economy contracted 7.8% last year, forcing it to default on its foreign debt in its worst financial crisis since Independence in 1948.

The nation’s central bank expects growth of 3.3% in 2024 after an economic contraction of 2% this year.

New Zealand says 11 of its citizens have left Gaza for Egypt

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Wellington (Reuters) – New Zealand’s government on Monday said 11 New Zealanders left Gaza overnight on Sunday and entered Egypt via the Rafah border crossing.

A Ministry of Foreign Affairs and Trade (MFAT) spokeswoman in an email said the people were met by a New Zealand consular team and provided with support.

The Middle Eastern territory has been bombarded by Israeli forces since early last month in retaliation for an attack by Palestinian militant group Hamas.

Gaza’s border authority announced that the Rafah land crossing into Egypt would reopen on Sunday for foreign passport holders after being closed on Friday.

The MFAT spokeswoman said New Zealand is working around the clock to get its remaining citizens and permanent residents out of Gaza.

New Zealand last week said it was working with 21 New Zealanders, family members and permanent residents to help them leave Gaza.

Gaza evacuees arrive in Egypt after Rafah crossing reopens

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Cairo (Reuters) – The first group of foreigners and injured Palestinians evacuated after the Rafah border crossing re-opened arrived in Egypt from Gaza on Sunday, four Egyptian security sources said.

Evacuations through the border crossing, the only entry point to Gaza not controlled by Israel, were suspended for a third time on Friday after issues transporting injured Palestinians from northern Gaza.

Hundreds of foreign nationals and dependents and dozens of injured have passed through since the crossing began facilitating limited evacuations on Nov. 1.

The suspensions had been due to bombardments that aid staff said hit or targeted medical convoys.

At least 7 injured Palestinians arrived on Egyptian soil to receive medical treatment, plus more than 80 foreign nationals and dependents, with more undergoing border procedures, the sources said. More than 32 Egyptians also crossed over, they said.

At least 80 aid trucks had moved from Egypt into Gaza by Sunday afternoon, two of the sources said.

India’s RBI likely to set cut-off yield on 10-yr state bonds in 7.69%-7.72% band

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Mumbai (Reuters) – Indian states will aim to raise an aggregate of 125 billion rupees ($1.50 billion) on Monday through the sale of bond maturing in 10 years to 30 years.

The Reserve Bank of India will likely set cut-off yields for the 10-year bonds in the 7.69%-7.72% band, according to a Reuters poll of 11 traders.

NoteQuantum (in bln rupees)MedianMinMax
10-11 year667.69% – 7.72%7.68%7.73%
12-19 year487.70% – 7.74%7.65%7.75%
30 year117.61%7.60%7.62%

Three Indian cities among world’s 10 most polluted after Diwali

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New Delhi (Reuters) – Two Indian cities joined New Delhi to be among the world’s worst 10 for pollution on Monday morning, with smoke heavy in the air a day after revellers let loose with firecrackers for Diwali – the annual Hindu festival of light.

The capital New Delhi took, as it often does, the top spot. It had an air quality index (AQI) figure of 420, putting it the ‘hazardous’ category, according to Swiss group IQAir.

But it was also joined in the top 10 by Kolkata in India’s east, which came in fourth with an AQI of 196, while the financial capital of Mumbai was eighth with an AQI of 163.

An AQI level of 400-500 impacts healthy people and is dangerous to those with existing diseases, while a level of 150-200 brings discomfort to people with asthma, lung and heart problems. Levels of 0-50 are considered good.

A thick layer of smog had begun to circulate in New Delhi from Sunday night, sending its AQI to an alarming 680 a little after midnight.

Every year authorities impose bans on firecrackers in the capital, but only rarely do those bans appear to be enforced.

Air quality in India deteriorates every year ahead of winter, when cold air traps pollutants from vehicles, industry, construction dust and agricultural waste burning.

New Delhi’s authorities postponed an earlier decision to restrict use of vehicles after a brief spell of rain on Friday brought some respite from a week-long exposure to toxic air.

The local government plans to review the decision after Diwali.