(Bloomberg) -- Saudi Arabia said it’s working with top airplane makers Boeing and Airbus to get its aluminum and titanium approved for use in their planes as part of a push to get more manufacturing done inside the kingdom.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthEbrahim Raisi, Iranian President Confronting West, Dies at 63China’s Hou
The group reported a 34% rise in profits after tax to 1.92 billion euros (£1.64 billion) for the year to the end of March.
China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years against defense companies for weapons sales to Taiwan, a self-ruled island that China considers as part of its own territory.