How escalating Red Sea crisis poses billions of dollars of risk for India | Shipping News

How escalating Red Sea crisis poses billions of dollars of risk for India | Shipping News

New Delhi, India – Demand for India’s Basmati, the long-grain aromatic rice, from traditional buyers in the Middle East, the US and Europe has dropped as it has become costly. The reason is the escalating tensions in the Red Sea, the shortest and most efficient trade route for ships moving…

Despite lawsuits, monopoly may keep Boeing’s business intact | Aviation News

Despite lawsuits, monopoly may keep Boeing’s business intact | Aviation News

A door blowout aboard an Alaska Airlines Boeing 737-9 MAX was not how many expected the first week of 2024 to unfold. However, following the incident, inspections and investigations have uncovered further production flaws at Boeing, raising concerns about quality control for the major manufacturer, alongside safety. Since the Alaska…

Could Red Sea attacks push up prices and fuel inflation? | Business and Economy

Could Red Sea attacks push up prices and fuel inflation? | Business and Economy

Houthi rebels have attacked vessels transporting goods through Bab al-Mandeb strait that they say are linked to Israel. Inflation was expected to ease in 2024 after more than 18 months of interest rate hikes by central banks. The most aggressive monetary tightening in decades. But attacks by Houthi rebels in…

Stories of ‘beating the odds’ in China draw dark responses from wary public | Social Media News

Stories of ‘beating the odds’ in China draw dark responses from wary public | Social Media News

A honeymoon in Western Tibet came to a tragic end in October when the newlyweds crashed their car on a mountain road after suffering altitude sickness. Sitting in the passenger seat, 27-year-old Yu Yanyan from Shanghai was badly injured. Despite being transferred to a local hospital, rapid haemorrhaging and a…

In Hong Kong, decades of wealth gains evaporate on Beijing’s watch | Business and Economy News

In Hong Kong, decades of wealth gains evaporate on Beijing’s watch | Business and Economy News

Taipei, Taiwan – Like many Hong Kongers, accountant Edelweiss Lam spent the last week watching the city’s stock market wipe out 14 months of gains as the Hang Seng Index fell below the psychological threshold of 15,000 points. It was not the first time Lam, who has been investing on…

In India an algorithm declares them dead; they have to prove they’re alive | Technology

In India an algorithm declares them dead; they have to prove they’re alive | Technology

This story was produced with support from the Pulitzer Center’s AI Accountability Network. Rohtak and New Delhi, India: Dhuli Chand was 102 years old on September 8, 2022, when he led a wedding procession in Rohtak, a district town in the north Indian state of Haryana. As is customary in…

‘Traitor’: Thousands strike against Argentina’s President Javier Milei | Protests News

‘Traitor’: Thousands strike against Argentina’s President Javier Milei | Protests News

Buenos Aires, Argentina – In the biggest show of resistance to date against far-right President Javier Milei, Argentinian workers have taken to the streets for a general strike, bringing swaths of downtown Buenos Aires to a standstill. It was an unprecedented mobilisation. Never before in modern Argentinian history has a…

Argentines take to the streets to protest against new austerity measures | Protests News

Argentines take to the streets to protest against new austerity measures | Protests News

The president has said that the austerity measures are due to years of overspending that have resulted in huge debts. Argentine unions have begun a 12-hour strike in the capital to protest against tough economic reforms by President Javier Milei. Wednesday’s demonstration is the most significant show of opposition to…

Singapore’s Turf Club faces closure after failure to keep the pace | Politics News

Singapore’s Turf Club faces closure after failure to keep the pace | Politics News

Singapore – On a sunny Saturday afternoon in the far north of Singapore, a weekend ritual is in full swing. Racegoers at the Singapore Turf Club are crowded around banks of screens, studying the odds for the afternoon’s upcoming horse races. Many are clutching newspapers, scrutinising the form guide in…

Poor quality control, race for profits behind Boeing’s troubles | Aviation News

Poor quality control, race for profits behind Boeing’s troubles | Aviation News

When an Alaska Airlines Boeing 737-9 made an emergency landing in Portland on January 5 following a door plug blowing out shortly after departure, alarm bells began to ring. For Boeing, this was another incident on its 737 MAX series and one that it simply could not afford to happen….