Pacific Islands





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Growth across Pacific slows as post-pandemic rebound fades, says World Bank

Development across the Pacific Islands is expected to slow to 3.6% this year, down from 5.8% in 2023, as a postpandemic rebound fades and Fiji, contributing half of the area's output, slowed substantially, the World Bank stated on Tuesday. A long-lasting slowdown was brought on by weaker financial investment, increasing climate threats, and structural obstacles, a report said. Without instant action to ramp up financial investment, Pacific Island nations may have a hard time to lower poverty and produce brand-new economic opportunities, it included. The Washington-based worldwide lending institution stated investment had diminished usually across Pacific Island nations in seven...



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Taiwan's President Lai in Marshall Islands on very first overseas state go to

Taiwan President Lai Chingte got here on an official see to the Marshall Islands on Tuesday, which he stated was the very first nation he had checked out because taking office in May, as part of a Pacific tour of diplomatic allies. China, which sees Taiwan as its own territory and opposes any foreign interactions or check outs by the island's leaders, has been stepping up military pressure against Taiwan, including 2 rounds of war games this year. Showing up in the Marshall Islands capital of Majuro, Lai described Taiwan's indigenous residents as sharing a culture with the Pacific Islands'...

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What new taxes can help raise money for climate change?

The COP29 Climate Talks in Azerbaijan are aiming to reach an agreement on a finance target of at least $1 trillion a year for poorer countries to combat global warming. New taxes are one option. The Global Solidarity Levies Task Force, led by France Barbados and Kenya is exploring this issue. The following are excerpts from the latest report of its Global Solidarity Levies Task Force (GSLT), led by France, Barbados and Kenya. Shipping A levy for shipping could be the closest to agreement, as it is responsible for about 3% of global emission. Governments will debate a number of...

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Turboprop maker ATR scraps brand-new model to concentrate on existing variety

Turboprop airplane maker ATR stated on Wednesday it would scrap development of a brand-new design created to take off and arrive at brief runways and concentrate instead on its existing portfolio. The French-Italian business, co-owned by Jet and Leonardo, said the choice to halt the brand-new ATR 42-600S Short Liftoff and Landing (STOL) advancement followed an extensive market review and remaining supply chain stress. ATR is the world's biggest producer of local turboprop aircrafts, with a family of aircraft seating 42 to 78 individuals. In 2019, the Toulouse-based manufacturer announced strategies to establish an unique version of its smallest design...

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Growth across Pacific slows as post-pandemic rebound fades, says World Bank

Development across the Pacific Islands is expected to slow to 3.6% this year, down from 5.8% in 2023, as a postpandemic rebound fades and Fiji, contributing half of the area's output, slowed substantially, the World Bank stated on Tuesday. A long-lasting slowdown was brought on by weaker financial investment, increasing climate threats, and structural obstacles, a report said. Without instant action to ramp up financial investment, Pacific Island nations may have a hard time to lower poverty and produce brand-new economic opportunities, it included. The Washington-based worldwide lending institution stated investment had diminished usually across Pacific Island nations in seven...

Passenger Transportation Services

Air travel regulators press for global efforts to deal with turbulence

Air travel officials from Asia are making a case for worldwide action to minimize injuries from turbulence, with current highprofile events driving calls to improve forecasting across borders at a Montreal gathering of regulators starting Monday. While turbulence does not often trigger deaths, it is the leading cause of mishaps, according to data from the U.N.'s aviation firm, and serious weather condition patterns brought about by climate modification might result in more incidents, experts say. It is among numerous problems being taken on by international regulators at the International Civil Air travel Organization's. air navigation conference which runs through Sept...