Ryanair (RYA ID) CEO says that if oil prices remain higher into the next year, then he believes that there will be a "significant" uplift in airfares; have stopped hedging oil prices in recent weeks

Iran-backed Houthis have reportedly taken control of the Red Sea City of Mocha; sources suggest that the group are approaching the Bab el-Mandab Strait

PBOC's Lu Lei says the Bank will refine the RRR framework and conduct open-market operations more flexibly and precisely

Ryanair (RYA ID) CEO says that if oil prices remain higher into the next year, then he believes that there will be a "significant" uplift in airfares; have stopped hedging oil prices in recent weeks

China's Financial Regulatory Administration says it will vigorously clamp down on "price wars" and similar practices, Xinhua reports

Pakistan's Foreign Minister says that there are no discussions right now regarding plans to act under the Makkah Defence Agreement; when the time comes, will act on the agreement