Skip to main content

Rare light aircraft crash in Beijing kills pilot, injures 13 people

A light aircraft crash into Beijing's tallest building on Friday killed ​the pilot and injured 13 people who were not on ‌board, the local government said following the unusual accident for the Chinese capital, where airspace is heavily restricted. Those injured are receiving medical treatment and authorities are ​investigating the incident, Chaoyang district government said in a statement ​on Saturday. "A single-engine, two-seat light sport aircraft collided with ⁠a high-rise building while flying near the East third ring road ​in Chaoyang, at 5:55pm (0955 GMT) on June 26," said the ​statement, which was posted on social media. "There was only one person on board, the pilot, who died," the statement added, without giving any further details of ​the possible cause of the crash. Damage to the facade of the ​skyscraper appeared to be limited to a hole caused by the loss of ‌two ⁠large glass panels. The gap had been temporarily boarded up as ...
Post a Comment

Markets weigh Trump attack: treasuries slip, dollar holds steady

 The dollar held steady on Monday, while long-dated US bond yields rose, as investors weighed whether an assassination attempt on presidential candidate Donald Trump increased his chances of victory. European stocks opened lower, after weak economic data from China helped set a cautious tone, while dour updates from British luxury group Burberry and watchmaker Swatch Group raised questions about consumer confidence. Investors have tended to react to the prospect of a Trump win by pushing Treasury yields higher, in part on the assumption his economic policies would add to inflation and debt. Online betting site PredictIT has a Republican win at 67 cents, up from 60 cents on Friday. Benchmark 10-year Treasury yields fell in price, which pushed the yield up 2 basis points to 4.208% on Monday. Eren Osman, managing director of wealth management at Arbuthnot Latham, said a likelier Trump victory would be seen as a positive for risk assets, noting a strong rally for bitcoin since the weekend, but added a word of caution. "It would be reasonable to suggest it invigorates the Trump supporters to go vote, but they were probably the population of voters that were most likely to go and vote anyway," Osman said. US retail sales data due on Tuesday was likely to be closely watched for clues on how consumers are faring, after recent data showed slowing growth, he said. The dollar index was modestly in positive territory at 104.9, supported by gains in the US currency against the yen , rising 0.17% to 157.855, following a bout of suspected intervention last week. The euro eased slightly to $1.0907 , while bitcoin - seen benefiting from lighter regulation under a Trump administration - was up about 5% at a two-week high. European stocks slipped 0.2%, while S&P 500 futures and Nasdaq futures were both up about half a percentage point. Japan's Nikkei market was shut for a holiday. China Data Misses Disappointing economic data kicked off a busy week in China, where a once-in-five-year gathering of top officials runs from July 15-18. Second-quarter growth in the world's second-largest economy was 4.7% higher than a year earlier, missing a 5.1% analyst forecast. Of particular concern was the consumer sector, with retail sales growth grinding to an 18-month low, while new home prices dropped at their fastest pace in nine years. "Markets are hoping that more significant measures could be announced during this week's plenary session to help the limping economy and ailing property sector," said Vasu Menon, managing director of investment strategy at OCBC in Singapore. The onshore yuan was under pressure at 7.2742 per dollar. Mainland stocks were broadly flat and Hong Kong's Hang Seng index fell 1.5%. Later this week, the United States will release data on retail sales, industrial production, housing starts and weekly jobless claims. Federal Reserve Chair Jerome Powell will appear at the Economic Club of Washington later on Monday and is bound to be asked for his reaction to last week's subdued inflation reading. Markets are pricing in a 96% chance the Fed will cut rates in September, up from 72% a week earlier. The European Central Bank meets on Thursday and is considered near-certain to hold rates at 3.75%, ahead of another cut seen likely in September. Among the host of companies reporting earnings this week are Goldman Sachs, BlackRock, Bank of America, Morgan Stanley, Netflix and Taiwan Semiconductor Manufacturing. In commodity markets, gold held at $2,408 an ounce , just off last week's top of $2,424. Oil prices inched up, having fallen on Friday amid signs of progress on a ceasefire between Israel and Hamas. Brent was broadly flat at $85.04 a barrel, while US crude edged up 0.1% to $82.27 per barrel.

from Latest World News, International News | Breaking World News https://ift.tt/fA5QIoj
Labels:

Comments

Post a Comment

Popular posts from this blog

At least 32 miners dead after bridge fails at cobalt site in southeast DR Congo

A bridge collapsed at a cobalt mine in southeast Democratic Republic of Congo killing at least 32 wildcat miners, a regional government official said Sunday. The bridge came down Saturday onto a flooded zone at the mine in Lualaba province, Roy Kaumba Mayonde, the provincial interior minister, told reporters. He said 32 bodies had been recovered and more were being searched for. The DRC produces more than 70 percent of the world supply of cobalt, which is essential for batteries used in electric cars, many laptop computers and mobile phones. More than 200,000 people are estimated to be working in giant illegal cobalt mines in the giant central African country. Local authorities said the bridge collapsed at the Kalando mine, about 42 kilometres (26 miles) southeast of the Lualaba provincial capital, Kolwezi. "Despite a formal ban on access to the site because of the heavy rain and the risk of a landslide, wildcat miners forced their way into the quarry," said Mayonde. He said ...
Post a Comment
Read more

Indian devotees splurge on jets, gold idols as Hindu temple opens

The private jet parking lots at airports near the Indian city of Ayodhya are full and the shops have run out of gold-plated idols, as wealthy devotees prepare for the invite-only opening ceremony of one of Hinduism's holiest temples. Indian Prime Minister Narendra Modi and Asia's richest man Mukesh Ambani are among the 8,000 or so attendees at Monday's inauguration event for the Ram Temple, which devotees believe is built on the birthplace of Lord Ram, a sacred Hindu deity. The construction of the temple, which began after the Supreme Court awarded the site to Hindus in 2019 more than two decades after a Hindu mob razed a mosque there, triggering deadly riots, fulfils a key campaign promise of Modi and his Hindu nationalist party. Read BJP-promised temple transforms Ayodhya: Muslims, locals feel neglected The opening ceremony, organised by the trust that built the temple, comes months before a national election which the ruling Bharatiya Janata Party is widely expected to w...
Post a Comment
Read more

Vancouver tribunal says 'every dog is entitled to one bite' in injury case

A woman who sought nearly $5,000 in damages after being bitten by a dog on Christmas Eve has had her claim dismissed, after a British Columbia tribunal ruled the incident amounted to an accident — and that “every dog is entitled to one bite.” Ying Shen was bitten on the hand by a mini Australian Shepherd named Juliet as she stepped out of an elevator in her apartment building in Vancouver on 24 December 2022. The dog, which was leashed and accompanied by neighbour Jeffrey Dale Polo, bit Shen as the two passed each other in the corridor. According to the B.C. Civil Resolution Tribunal’s decision, Polo apologised, saying Juliet was “usually well behaved.” Shen sought medical attention that night at St. Paul’s Hospital, where she was treated for a superficial abrasion and given a tetanus shot. She later filed a report with the City of Vancouver. A bylaw officer determined that Juliet was not considered dangerous under city regulations, though the dog was found to be unlicensed. In his 5 M...
Post a Comment
Read more