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Wednesday, December 10, 2025
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India Tejas Jet Crash: Pilot Killed at Dubai Airshow

by Lucas Fernandez – World Editor November 21, 2025
written by Lucas Fernandez – World Editor

Tejas ⁣Fighter jet Crashes⁤ at Dubai Airshow, Pilot Dies

A HAL Tejas fighter jet crashed at‍ dubai World Central on Friday at approximately 2:00 ​PM local time (10:00 GMT) during a presentation at the⁢ Dubai Airshow. The pilot sustained fatal injuries, marking the second known crash of the aircraft.

The Indian⁣ Air ‌Force (IAF) ​confirmed the⁣ pilot’s death via social media,⁣ stating they had launched⁣ an inquiry to determine the cause of the crash. ⁣”IAF deeply regrets the​ loss ‍of life and stands firmly with⁤ the ⁢bereaved family​ in this time of grief,” the statement read.

Witnesses reported the jet ⁣was⁢ flying at a low altitude before rapidly descending in flames, ⁤with photos⁣ circulating⁣ in Indian​ media showing the aircraft engulfed in fire and a ⁢large plume of black smoke. The crash triggered sirens at Al Maktoum International Airport,⁤ the venue for‌ the biennial aviation event expected to attract around 150,000 attendees. It was not immediately clear if⁢ any other individuals where injured.

The Government of Dubai Media Office acknowledged the “tragic” loss of the pilot on X (formerly Twitter), sharing a⁣ photo of crews working to ⁣clear ‍debris at the crash site.They stated, “Firefighting and emergency teams responded rapidly to the incident and are currently managing ⁢the situation‍ on-site.”

Air demonstrations resumed less than two hours after the crash, following‌ the completion of initial cleanup efforts.

The Tejas ⁣jet is manufactured by⁣ India’s Hindustan Aeronautics Limited ⁢and represents a key component of ⁤New Delhi’s efforts to modernize its air force, especially in light‌ of China’s support⁢ for Pakistan’s air⁣ capabilities.

This incident represents a⁢ further‍ setback⁤ for the Indian ⁤Air ​Force. ⁣In‍ March⁢ of last year, ‍a Tejas jet crashed in⁤ the state ⁤of Rajasthan, as reported by NDTV.The pilot in that incident ‌survived.

The crash occurs amidst heightened regional‌ tensions. In May of last year, India and Pakistan engaged in aerial combat involving fighter jets and ⁣cruise​ missiles following an attack in Indian-administered Kashmir. Pakistan claimed to have downed at‍ least five Indian jets, a claim initially dismissed by India​ as “disinformation.” Though, an Indian general later admitted to jet losses. US President ‍Donald Trump also stated that “five, four or five, but I think five jets”‍ were ⁣shot down.⁣ A US-China Economic and security⁢ Review Commission report later indicated the loss of⁣ three Indian jets. The ‍report also highlighted that China supplied‍ over 80% ‍of ⁤Pakistan’s arms imports between 2019 and 2023.

November 21, 2025 0 comments
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Business

Binance CEO Teng says bitcoin volatility in line with most asset classes

by Priya Shah – Business Editor November 21, 2025
written by Priya Shah – Business Editor

Binance CEO Says Bitcoin Volatility Aligns with Customary Assets

SYDNEY,⁤ Oct 26 – Binance CEO Richard teng stated Thursday that recent price swings in Bitcoin are comparable to volatility⁤ levels typically observed in conventional asset ⁢classes.Teng‘s comments come as Bitcoin experienced a sharp decline this week,briefly falling below $60,000 before partially recovering.

The remarks aim to contextualize Bitcoin’s​ price fluctuations for investors and regulators, suggesting its behavior⁢ is becoming more integrated‍ with broader financial markets. This outlook is meaningful as Bitcoin seeks wider acceptance⁢ and as regulatory⁣ scrutiny intensifies⁢ globally. increased volatility has historically been a barrier⁢ to institutional investment in cryptocurrencies, and Teng’s assessment could be interpreted‌ as a signal​ that the‌ asset is maturing.

Teng highlighted that while‍ Bitcoin’s ⁣volatility remains ample, it isn’t anomalous when viewed alongside equities, commodities, or other investment vehicles. He emphasized the importance⁢ of a long-term investment horizon⁤ for ‌navigating such fluctuations.

“What⁢ we’ve seen in ‍the last few days is not unusual,” Teng said during a speech ⁣at⁤ the ⁣Australian Financial Review summit in Sydney.”If⁣ you look at Bitcoin’s volatility relative to other asset classes, it’s actually in line‍ with many of them.”

The ‍price of Bitcoin has seen significant gains this year, driven by factors including the launch ⁣of spot Bitcoin exchange-traded funds (ETFs) ⁣in the United⁢ States and anticipation of the upcoming “halving” event, which ⁣historically reduces ‍the supply of ‌new ⁢Bitcoins. Though, profit-taking and macroeconomic headwinds have contributed to the recent downturn.

November 21, 2025 0 comments
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Technology

Samsung Elec names mobile chief co-CEO in return to traditional structure

by Rachel Kim – Technology Editor November 21, 2025
written by Rachel Kim – Technology Editor

Samsung Electronics appointed mobile division head Roh Tae-moon as‍ co-chief executive officer,reverting‍ to a traditional leadership structure after ⁣a three-year experiment with a single ⁤CEO,the company announced Wednesday. Roh​ will share leadership responsibilities⁢ with Han Jong-hee, who oversees the display and device solutions divisions. The move signals a potential shift in strategy for the world’s largest smartphone⁢ maker as it navigates a challenging global economic climate and intensifying competition.

The appointment marks a return to Samsung’s ⁤previous co-CEO model, utilized before⁣ 2020, and comes‌ as the tech giant faces slowing demand for smartphones and memory chips.This⁣ restructuring aims to streamline decision-making and bolster responsiveness in a rapidly evolving market,‍ impacting investors,⁢ consumers,‌ and ⁤the broader technology ​landscape.Analysts suggest the ‍dual ​leadership will allow for focused management of Samsung’s key business areas, potentially accelerating innovation and market share gains.

Roh Tae-moon, 52, has ⁢led Samsung’s mobile experience (MX) business as 2020, overseeing the ​progress and launch⁢ of flagship Galaxy smartphones. Han Jong-hee, 55, has been‍ instrumental in expanding Samsung’s presence in the display and component sectors. Both executives will report directly to Executive Chairman Lee Jae-yong.The previous sole CEO, Kyung Kye-hyun, will now focus on the company’s component business, according ‍to Samsung. The changes are effective promptly.

Samsung’s decision to reinstate the co-CEO structure reflects a⁢ broader trend among South Korean conglomerates to revert to more established leadership models amid economic uncertainty. ​The company is currently investing heavily in next-generation‌ technologies, including 6G, artificial intelligence, and advanced chip manufacturing, and the⁢ new leadership structure is⁢ expected to facilitate these efforts.

The company did not provide ⁢specific financial details regarding the leadership changes.

November 21, 2025 0 comments
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Business

S&P 500 falls under pressure from Nvidia and Oracle, while there are doubts about Fed cuts

by Priya Shah – Business Editor November 21, 2025
written by Priya Shah – Business Editor

S&P 500 Slides Amid Tech Sell-Off and Shifting Rate Cut Expectations

The S&P 500 fell under pressure Thursday as shares of Nvidia and Oracle declined, contributing to a broader market pullback fueled by ⁢growing uncertainty⁤ surrounding the timing of potential interest rate cuts by⁣ the​ Federal Reserve. The index experienced downward momentum⁣ following disappointing earnings reports and⁢ revised economic forecasts, adding to investor anxieties about the sustainability of recent market⁢ gains.

The market’s sensitivity to⁢ economic data and‌ Federal Reserve policy underscores‍ a pivotal⁤ moment for investors. while‌ inflation has cooled from its peak, recent figures‌ have indicated a stickier-than-expected price level, ⁣prompting analysts to reassess⁤ the likelihood of​ aggressive rate cuts this year.⁢ This recalibration is especially impacting technology⁤ stocks, which have⁢ largely⁤ benefited‌ from the expectation of lower⁢ borrowing costs and a more favorable ​investment climate.

Dr.Martens announced ⁢a shift in⁣ footwear production from Laos to Vietnam in response‌ to ‍new tariffs ⁣imposed by the U.S., perhaps reaching 40%⁤ on imports from certain Southeast asian⁢ nations. Separately, Amancio Ortega, founder of Inditex, acquired The ⁤Post complex ⁢in downtown Vancouver for over $780 million‍ through his investment firm Pontegadea, with Amazon‌ as a key tenant in the building.

November 21, 2025 0 comments
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Business

Trading Day: Markets becalmed, Nvidia reports

by Priya Shah – Business Editor November 20, 2025
written by Priya Shah – Business Editor

Markets Becalmed Ahead of Nvidia Earnings, Economic Data

Global markets drifted Wednesday as investors awaited earnings​ from Nvidia and key⁣ economic ‌reports, including‌ the ⁣latest U.S. inflation data, for clues about the future path of interest rates. The cautious ⁣trading habitat followed a rally fueled by optimism over potential ‍Federal Reserve easing, leaving ‌benchmarks largely unchanged.

The relative ⁤calm reflects investor hesitation before ⁢major catalysts arrive.Nvidia‘s report, expected after market close, is​ particularly crucial, as the chipmaker’s performance is seen as a bellwether for the artificial intelligence sector and broader market sentiment. Simultaneously, the release of‌ the Consumer price Index (CPI) on Thursday will heavily influence ​expectations for when the Federal Reserve ​might begin‍ cutting interest rates, impacting ‌everything from bond yields to corporate borrowing costs.

Here’s a snapshot of Wednesday’s market performance:

* Equities: The S&P 500 edged up ‌0.1%, ‌while the Nasdaq Composite and dow Jones⁣ Industrial Average saw minimal movement.
* treasuries: U.S. Treasury‌ yields held steady, with the 10-year yield hovering ⁢around 4.16%.
* Currencies: The U.S. dollar remained stable⁤ against a basket of major currencies.
* ‌ Oil: Crude oil‍ prices rose⁤ slightly, supported by ongoing ⁤geopolitical tensions.

The economic calendar for the remainder of the week is packed. Beyond ⁢the​ CPI report, investors will ⁣also be scrutinizing ‌producer price index (PPI) data and ‌weekly ​jobless claims for further insights into the ⁣health of the U.S. economy.

“The market is in a holding pattern,” said Jamie McGeever, a financial ‌journalist with Reuters. “Everyone is‍ waiting for Nvidia and ‍CPI. thes reports will ​likely dictate the next leg of the move, whether‌ that’s a continuation of the rally or a‍ pullback.”

reuters reported that opinions expressed are those of the ⁢author and do not reflect ⁢the views of Reuters News, which is ‍committed to integrity, independence, and ⁤freedom from bias. Licensing ⁢rights for Reuters content are available at https://www.reutersagency.com/en/licensereuterscontent/?utm_medium=rcom-article-media&utm_campaign=rcom-rcp-lead.

Jamie McGeever has been a⁢ financial journalist as‌ 1998,reporting from brazil,Spain,New York,London,and the US. His expertise covers global ⁤markets, economics, policy, and investment.

November 20, 2025 0 comments
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World

Offhand remark, symbolic suit signal long winter for Japan-China ties

by Lucas Fernandez – World Editor November 20, 2025
written by Lucas Fernandez – World Editor

Offhand Remark, Symbolic Suit Signal Long Winter for Japan-China Ties

TOKYO, December 26 – A seemingly casual comment by Japanese Foreign ‌Minister Yoko Kamikawa, coupled with a pointed sartorial choice by China’s⁢ ambassador to Japan, has underscored the deepening chill in relations between the‍ two Asian powers, signaling‍ a possibly prolonged period‌ of strained diplomatic engagement.​ The exchange occurred during​ a recent reception in Tokyo,‍ raising concerns about the trajectory of the crucial bilateral relationship.

the diplomatic friction stems from Japan’s recent release of‌ treated radioactive water from ⁣the ⁢Fukushima Daiichi nuclear power plant,a move vehemently opposed by China. Kamikawa’s remark, made in response to a question about the water release, reportedly alluded to the water being “processed” and safe for consumption – a phrasing interpreted by Chinese officials as​ dismissive of their concerns. Together, Chinese Ambassador Wu Jianghao arrived ⁤at the reception wearing a​ dark‍ suit,‌ a purposeful ⁢departure⁤ from the typically lighter colors worn for celebratory events, widely seen as a⁤ symbolic protest.

The incident arrives at ​a sensitive juncture, with both nations navigating complex regional dynamics and economic interdependence. While trade between Japan and China remains ​substantial – exceeding‌ $345 billion in 2022 – political tensions have escalated over territorial disputes ⁣in the East China Sea, historical grievances, and ⁤differing⁣ geopolitical alignments.⁣

“this isn’t just about the water,” explained Dr. Kenji Etoh,⁢ a political science professor at Keio University in Tokyo. “It’s about trust, and a perceived lack of respect. The ambassador’s suit was a vrey public signal that Beijing is not willing to simply move on.”

The water⁣ release, approved by the International Atomic​ Energy⁣ Agency (IAEA), has triggered widespread⁣ protests in China and a complete ban⁤ on Japanese seafood imports. Despite IAEA assurances that the⁣ release meets international safety standards, Beijing maintains it poses a risk to marine life and public health.

The symbolic gestures and pointed rhetoric suggest a ‌hardening of positions on both sides, potentially hindering future dialog and cooperation.Analysts predict a period of limited high-level engagement and continued diplomatic sparring, with implications for regional stability and economic ⁤ties. The long-term impact⁢ remains uncertain, but ⁤the recent exchange paints a bleak​ picture for a swift thaw in japan-China ⁢relations.

November 20, 2025 0 comments
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