Air India’s Boeing plane was “well-maintained” before it crashed a week ago, killing all but one of 242 people on board, the airline said on Thursday.Indian authorities are yet to detail what caused the Boeing 787-8 Dreamliner to hurtle to the ground in the western city of Ahmedabad a week ago.At least 38 people were …
Air India says plane ‘well-maintained’ before crash Read More »
Nippon Steel completed its multi-billion-dollar acquisition of US Steel on Wednesday, granting rare veto-like power over strategic decisions to Washington with a “golden share”.The announcement concludes a saga that began in December 2023, when Nippon Steel agreed to acquire the linchpin of American steelmaking for $14.9 billion.An outright buyout sparked bipartisan political opposition, including from …
Nippon Steel closes US Steel acquisition under strict conditions Read More »
Asian stocks fell Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.While geopolitical tensions are the key focus for markets, traders were also watching the US central bank’s latest meeting Wednesday as …
Asian stocks drop after Fed warning, oil dips with Mideast in focus Read More »
Nippon Steel and US Steel said Wednesday they had completed a long-debated transaction granting the US government a “golden share” — a veto-like power over the Japanese company’s strategic decisions.The agreement modifies a transaction originally announced in December 2023, in which Nippon Steel agreed to acquire US Steel for $14.9 billion. But the outright buyout of …
Dragging two suitcases and wearing a rucksack, Homa looked exhausted after crossing the Turkish border following a long trip from Tehran where she’d been on holiday when the Israel-Iran war began. The 40-year-old Iranian who works in Canada as a business analyst was stranded when Iran closed its airspace after Israel launched a massive pre-dawn bombing …
From Tehran to Toronto via Turkey: an Iranian’s bid to flee war Read More »
Wall Street stocks treaded water Wednesday after the Federal Reserve met expectations and kept interest rates steady while oil prices nudged higher following a volatile session amid ongoing clashes between Iran and Israel.The Fed held interest rates unchanged for a fourth consecutive meeting, as Chair Jerome Powell said more time was needed to monitor the …
US stocks flat as Fed keeps rates steady, oil prices gyrate Read More »
Brazil said Wednesday it was free of bird flu, paving the way for it to resume chicken exports to China and 20 other countries after a month-long suspension.The world’s top exporter of chicken meat was forced to halt exports to its main client China, the European Union and fellow Latin American countries over an outbreak …
Brazil says free of bird flu, will resume poultry exports Read More »
India has a “clear intent” to target members of a Sikh separatist movement in North America, a Canadian intelligence report said Wednesday after leaders of the two nations agreed to turn the page on a bitter spat over an assassination.Prime Minister Mark Carney, who took office in March, welcomed his counterpart Narendra Modi to the …
India targeting Sikh separatist movement in N. America: Canada Read More »
Bustling Taipei-style shopping streets, majestic temples to the island’s deities and thriving factories dot the eastern Chinese city of Kunshan, for years a hub for Taiwanese businesses.But now those firms are feeling the strain from cross-Strait tensions that have stoked safety fears among companies.Taiwanese entrepreneurs — known as “Taishang” in Mandarin — poured billions into …
Taiwan’s entrepreneurs in China feel heat from cross-Strait tensions Read More »
Group of Seven leaders on Tuesday vowed greater support for Ukraine but stopped short of joint condemnation of Russia for its growing attacks, at a summit missing Donald Trump.The US president had been due to speak at the G7 summit with his Ukrainian counterpart Volodymyr Zelensky, with whom he has had a volatile relationship, but …
