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18227 articles published since 08 Mar 2022

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India plane crash: What we know so far
India plane crash: What we know so far
Economy

A London-bound Boeing 787-8 Dreamliner carrying 242 people crashed on Thursday in the Indian city of Ahmedabad, with all passengers and crew believed killed. - The Gatwick Airport-bound plane left Ahmedabad, the main city of India's Gujarat state, with 242 people on board.

India and its vast booming aviation sector
India and its vast booming aviation sector
Economy

Air India's London-bound flight 171 that crashed on Thursday with 242 people on board was a Boeing 787-8 Dreamliner, part of India's bold push to radically expand its air industry sector. Indian Prime Minister Narendra Modi, who called the crash "heartbreaking beyond words", has made the development of the air sector a priority since coming to power in 2014.

March quake to drive 2.5% drop in Myanmar GDP, says World Bank
March quake to drive 2.5% drop in Myanmar GDP, says World Bank
Economy

Myanmar's economy is set to shrink 2.5 percent in the 2025/26 financial year, largely as a result of March's devastating magnitude-7.7 earthquake, the World Bank said on Thursday. A World Bank report predicted GDP will contract 2.5 percent in the financial year ending in March 2026 "mostly due to earthquake impacts", with output $2 billion lower than it would have been without the disaster.

UK economy shrinks in April as US tariffs kick in
UK economy shrinks in April as US tariffs kick in
Economy

Britain's economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to the United States due to President Donald Trump's tariffs, official data showed Thursday. Exports of British goods to the United States fell by a record £2 billion ($2.7 billion) the same month, the ONS revealed, following the introduction of Trump's tariffs onslaught.

EU crypto regulation hampered by national flaws
EU crypto regulation hampered by national flaws
Economy

The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the system. France, however, sees it as granting companies greater time to prepare their application, with the country implementing a transition period through to June 2026.

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