India and China will restart direct flights between designated cities this month, ending a suspension of more than five years, in a move that signals a cautious easing of bilateral tensions, India's foreign ministry said on Thursday.
There have been no direct flights between China and India since 2020, even though China is India's biggest bilateral trade partner.
India's largest carrier IndiGo said it would begin daily non-stop flights between Kolkata and Guangzhou on October 26. It also plans to launch a route connecting New Delhi with the Chinese city.
Indian Prime Minister Narendra Modi visited China a month ago for the first time in seven years to attend a meeting of the Shanghai Cooperation Organisation regional security bloc.
Modi and Chinese President Xi Jinping agreed that India and China were development partners, not rivals, and discussed ways to strengthen trade ties amid global tariff uncertainty.
Modi also conveyed India's commitment to improving ties and raised concerns about its widening trade deficit with China, which stands at nearly $99.2 billion.
He emphasised the importance of maintaining peace and stability along their disputed border, where a clash in 2020 triggered a five-year military standoff.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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