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When U.S. and European airlines quickly canceled flights to Israel Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots following last week's downing of a passenger plane over Ukraine.
BHP Billiton posted record annual iron ore production in Western Australia for the fourteenth consecutive year Wednesday, while Queensland coal production also hit an all-time high. The Anglo-Australian mining giant's operational review for the year ended June 30 also showed that copper production was 2 percent higher compared to the previous year and petroleum up 4 percent. "Our focus on productivity has resulted in a significant improvement in operating performance at each of our major businesses this year, with a nine percent increase in group production and record output at 12 operations," chief executive Andrew Mackenzie said. Rival mining giant Rio Tinto last week said its iron ore production and shipments surged to record highs in the first-half of the year as it boosted output despite a recent fall in commodity prices.