Asian markets open: Nikkei, Hang Seng fall on 55% US-China tariff shock; Sensex poised for weak start

A wave of uncertainty washed over Asian financial markets on Thursday, as traders struggled to digest a startling declaration from US President Donald Trump: a trade deal with China was “done,” and it came with a hefty price tag. The resulting cautious sentiment painted a mixed picture across the region’s bourses, with investors weighing the […]

Airbus sees aviation boom ahead, global fleet to near 50K by 2044 with India in lead

European aerospace giant Airbus SE is painting a picture of a dramatically busier future for global aviation, predicting the world’s commercial aircraft fleet will nearly double to almost 50,000 planes over the next two decades. This surge, according to Airbus’s latest global market forecast, will be significantly propelled by rapid expansion in emerging markets like […]

US-China trade talks and Washington’s decade-long effort to block China’s tech surge

For over a decade, the United States has used export controls to stymie China’s progress in acquiring and developing cutting-edge technologies—especially those with military applications such as advanced semiconductors and artificial intelligence. This long-standing strategy has become a central feature of US–China economic relations, one that successive administrations have refined and intensified. This week, senior […]

UK GDP falls by 0.3% in April as services slump and US tariffs bite

The UK economy shrank by 0.3% in April, a sharper-than-expected decline that has raised fresh concerns about the fragility of the recovery and the growing pressure on both households and businesses. Figures released by the Office for National Statistics (ONS) on Tuesday showed that the fall in gross domestic product (GDP) was driven by a […]

Gordon Brothers buys Poundland; pledges £80 mn for turnaround after Pepco’s UK exit

Poundland is poised for a sweeping restructuring after investment firm Gordon Brothers acquired the struggling British discount retailer from parent company Pepco Group. The deal, announced on Thursday, includes up to £80 million ($108.5 million) in financial support to stabilise the chain and reverse its decline. The transaction is part of a strategic overhaul by […]

Air India plane crash: London-bound flight with 242 onboard crashes after take-off

An Air India flight bound for London Gatwick crashed shortly after take-off from Ahmedabad on Thursday afternoon. The Boeing 787-8 Dreamliner, operating as flight AI171, had 242 people onboard, including 2 pilots and 10 cabin crew members. According to the Directorate General of Civil Aviation (DGCA)-India’s civil aviation regulator, the aircraft departed from Sardar Vallabhbhai […]

Copper remains supported for now even as China optimism fades

Since the start of the year, copper prices have been volatile, primarily due to tariff risks and China’s uncertain economic recovery. According to the ING Group, the optimism over copper demand in China has been fading.  Copper prices have risen by approximately 10% this year, despite trade challenges.  While tightening supply continues to support LME […]