May 19, 2026

Evening news wrap: Airbus grounds over 350 A320s due to software flaw; IMD issues advisory as Cyclone Ditwah advances & more | India News

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Airbus has issued an urgent global directive for A320-family operators to fix a software issue that could affect flight-control systems on thousands of aircraft, after a JetBlue A320 unexpectedly pitched downward on October 30. The problem, linked to intense solar radiation corrupting critical flight-control data, has prompted India to ground over 350 A320s for 2–3…

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Foxconn ramps up hiring! Recuri 30,000 at all women led iPhone unit — What’s next for the Apple components plant?

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Foxconn has rapidly scaled up its newest iPhone manufacturing facility near Bengaluru, hiring close to 30,000 workers within eight to nine months, marking the fastest workforce expansion by any factory in India to date. The swift ramp-up at the Devanahalli plant underscores Apple’s push to diversify its supply chain beyond China, according to people familiar…

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Bank of Korea’s new governor signals CBDC and bank token push, skips stablecoins in key address

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Bank of Korea Governor Shin Hyun-song used his first address in office to prioritize central bank digital currencies (CBDCs) and bank-issued deposit tokens, while leaving out any mention of stablecoins as South Korea weighs new crypto rules. Shin, who began his four-year term Tuesday, pointed to the bank’s ongoing retail CBDC and deposit-token pilot, Project…

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China’s economic strain: November retail sales growth drops to three year low; factory output misses estimates

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China’s November economic data pointed to a continued strain as retail sales fell to a three-year low and both consumer spending and investment weakened. Figures released on Monday by the National Bureau of Statistics showed that retail sales increased by only 1.3% from a year earlier, marking the slowest growth since the Covid period and…

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