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By Stephen Kalin CAIRO (Reuters) - Egypt's new president Abdel Fattah al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest. Sisi's government, formed in June, announced this month it was raising prices of heavily subsidised energy products by up to 78 percent and slapped new taxes on dividends, capital gains and high-income earners. The moves are the start of what is expected to be several years of painful austerity for Egyptians as the state aims to eliminate a crippling budget deficit estimated to reach 10 percent of GDP in the fiscal year that began on July 1. To soften the blow to ordinary Egyptians, the government also unveiled a patchwork of relief measures including free transport in army buses and more heavily subsidised food products.
(Reuters) - Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries and raised its full-year earnings forecast. The company said commercial aircraft deliveries rose 7 percent to 181, including 30 Dreamliner jets, in the second quarter ended June 30. Boeing's ability to churn out the Dreamliner, which was hit by problems with its lithium-ion batteries last year, is crucial to the company's financial performance this year as it is relying on commercial jets to offset a weak defense business. The planemaker delivered its first stretched Dreamliner 787-9 in the quarter.