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South Korea police raid Jeju Air, airport over fatal crash
South Korean police raided the offices of Jeju Air and the operator of Muan International Airport Thursday as they step up their probe into the fatal crash of a Boeing 737-800 that killed 179 people.Authorities on Thursday carried out search and seizure operations at the Muan airport where flight 2216 crashed, a regional aviation office in the southwestern city, and Jeju Air's office in the capital Seoul, police said.
3-min read - BusinessAFP News
Asian stocks begin year on cautious note
Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs, and China's economy gave Wall Street the holiday blues for a fourth straight session.But ahead of the New Year's Day holiday, US stocks sank Tuesday, although European equities advanced.
2-min read - BusinessReuters
India rupee onshore-NDF arbitrage widens, new all-time low in sight
The heavy demand for the U.S. dollar in the non-deliverable forward (NDF) market had widened the arbitrage with the Indian onshore market, putting more strain on the rupee and sending it just shy of another lifetime low, traders said on Thursday. The rupee hit record lows regularly in December due to the run-up in the dollar index and U.S. Treasuries. Amid this, speculators have been lapping up the dollar in the NDF market vis-à-vis the rupee, which has spurred arbitrage opportunities with the
2-min read - BusinessReuters
Indian states' fundraising may get expensive amid record borrowing, investors say
Indian states will have to pay an additional premium over central government securities to meet their record high borrowing target for the three months through March, which could further pressure banking liquidity conditions, investors said on Thursday. This, along with the central government's 2.79 trillion rupee debt sale, will take the overall supply to 7.52 trillion rupees. State governments are responsible for a considerable share of total government spending, which has led to an increase
2-min read - BusinessReuters
Apple offers iPhone discounts in China as competition intensifies
Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the U.S. tech giant moves to defend its market share against rising competition from domestic rivals like Huawei. The flagship iPhone 16 Pro with a starting price of 7,999 yuan and the iPhone 16 Pro Max with a starting price of 9,999 yuan will see the highest discount of 500 yuan. The iPhone 16 and iPhone 16 Plus will receive a 400 yuan reduction.
2-min read - NewsAFP News
FBI probes 'terrorist' links in New Orleans truck-ramming that killed 15
A US Army veteran with an Islamic State flag and "hellbent" on carnage steered a pickup truck into a crowd of New Year revelers in New Orleans on Wednesday, killing at least 15 people and wounding dozens, officials said.An FBI spokesman told AFP that 15 people had been killed in the attack, citing the New Orleans coroner's office.
4-min read - NewsReuters
Toxic waste from India's 1984 Bhopal gas tragedy site moved for disposal after 40 years
Indian authorities said on Thursday they had completed moving toxic waste from the site of the 1984 Bhopal gas leak disaster, which killed more than 5,000 people, to a disposal facility where it will take three to nine months to incinerate. Twelve leak-free containers carrying 337 metric tons of toxic waste for incineration reached the Pithampur plant 230 kms (142 miles) from Bhopal on Thursday amid heavy security, Swatantra Kumar Singh, the director of Bhopal gas tragedy relief and rehabilitat
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