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NEW DELHI: At least 25 people were killed and six others injured after a massive fire broke out shortly after midnight on Sunday at the Birch by Romeo Lane nightclub in Arpora, North Goa. Police initially confirmed 23 deaths but later revised the toll to 25.A police spokesperson said the deceased included four tourists and…
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The Economist, with its usual understated British charm, has named “slop” the word of the year. And for once, the British got the mood right.Slop. It’s not a tech term. It’s not a buzzword from a TED Talk. It’s what pigs eat. Or used to, until the pigs got an upgrade and the humans got…
India is preparing to dispatch a team of accident investigators to Washington next week to review the ongoing probe into the June Air India crash that claimed 241 lives. The group will go through the data collected so far by the US National Transportation Safety Board (NTSB) and present their own analysis drawn from the…
South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges, holding exchanges to the same standards as traditional financial institutions amid the recent breach at Upbit. The Financial Services Commission (FSC) is reviewing new provisions that would require exchanges to compensate customers for losses stemming from hacks or system failures, even when…
IndiGo crisis enters its sixth day as passengers remain stranded at major airports (ANI) NEW DELHI: Civil aviation minister Ram Mohan Naidu, in response to Rahul Gandhi’s remark, stated that the government has consistently promoted competition in the aviation sector to promote the entry of more airlines in the market. He highlighted recent legislation aimed…
NEW DELHI: Ministry of new and renewable energy (MNRE) has said that it has not asked lenders to pause financing for renewable energy (RE) projects, amid concerns over excess domestic solar manufacturing capacity.In a statement issued on Sunday, MNRE said it has only shared the current status of domestic solar manufacturing capacity with the department…
As IndiGo battles an unprecedented operational crisis, the airline said its Board of InterGlobe Aviation is doing “everything possible” to ensure refunds for cancelled flights. The parent company has also set up a Crisis Management Group to monitor the situation, PTI reported. The operational crisis that has spanned across the sixth day has prompted both…
With the Bank of Japan (BOJ) expected to hike rates next week, some observers are worried that the Japanese yen could surge, triggering an unwinding of “carry trades,” crushing bitcoin. Their analysis, however, overlooks actual positioning in the FX and bond markets, missing the nuance and far more likely risk that Japanese yields, by anchoring…
