Sectors
Air Force to double drone squadrons in US, abroad
The Air Force announced Thursday that it plans to more than double its drone squadrons and spread them in and out of the United States. According to the Washington Times, this will add 3,000 more personnel, 700 pilots, and 700 sensor operators. Langley Air Force Base U.S. Air Combat Command head Gen. Herbert Carlisle said adding squadrons in Langley and Davis-Monthan Air Force Base in Arizona could help in the intelligence-gathering tasks.
South Africa's inflation up at 4.8% in November
Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent during the month. South Africa's currency Rand fell against US dollar, euro and pound. The currency depreciation is likely to be a major risk to the inflation outlook.
China's capital outflows tripling in November
The capital outflows from the world's second-largest economy registered record level in November. The capital outflow grew almost three times in November from October.
Jakarta greenlights Uber operations
Uber Technologies Inc. said it had been given approval from Jakarta governor to operate as a fully legal entity in the Indonesian capital, assuming it meets local tax rules and other requirements laid out by the government.