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Air India to reroute flights away from Iranian airspace

Air India will reroute flights to avoid Iranian air space, an official said on Saturday (22), as tensions ratchet up following Tehran's downing of a US drone.

A spokesman for the country's biggest state-run carrier said it was told to alter its flight paths by the Director General of Civil Aviation (DGCA) -- the aviation regulator.


"Air India has received the DGCA notice regarding operations in the Iranian airspace and we are monitoring the situation," Dhananjay Kumar told AFP.

"We will take appropriate actions whenever necessary to prevent inconvenience to passengers."

The Federal Aviation Administration (FAA) in the United States issued a notice Friday, prohibiting US-registered aircraft from operating over the Persian Gulf and Gulf of Oman, following Thursday's strike on a reconnaissance drone near the strategic Strait of Hormuz.

Saturday's decision means Indian commercial and cargo flights towards middle-eastern and European countries, as well as the US, will have to take lengthy and costly detours.

Major airlines around the world have already said they would suspend their flights over Iranian airspace.

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UK house price growth slows to 0.3 per cent in October.

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UK house price growth slows as buyers delay decisions ahead of budget

Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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