Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
LONDON - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Qatar Airways plans Saudi airline launch
DUBAI (Reuters) - Qatar Airways, the fast-growing Gulf carrier, wants to launch a new airline based in Saudi Arabia and is keen to invest in the kingdom's domestic aviation sector, it said on Tuesday.
Chief executive Akbar Al Baker has had talks with Prince Fahad bin Abdullah Al Saud about opportunities arising from the kingdom's newly launched aviation liberalization policy, the airline said on Tuesday.
Saudi Arabia said earlier this year it would approve new airline licenses in September, ending years of speculation about whether the country would allow foreign airlines to fly domestic routes.
Baker said Saudi represented a key growth market for Qatar Airways with an underserved market and need for greater domestic air services.
Excessive fuel charges in Saudi and the government's policy of controlling domestic air fares were hindering growth opportunities for airline operators, he said.
Baker said the airline was keen to invest in the Saudi domestic aviation market, and this was dependent on a rethink by the government of certain factors.
National carrier Saudi Airlines and budget airline National Air Services (NAS) now serve a domestic market of around 27 million people, and have struggled to meet demand.
But with a price cap on domestic flights, private airlines have struggled with profit margins. In 2010, a third carrier, Sama Airlines, was forced to suspend operations.
(Reporting by Praveen Menon; Editing by Dan Lalor)
- Tweet this
- Share this
- Digg this