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

Pi Network price drops 42% amid skepticism over upcoming mainnet launch

The price of Pi Network (PI) IOU has taken a sharp downturn, dropping 42% in the past 24 hours, as growing doubts about its upcoming mainnet launch on February 20 weigh on investor sentiment. The steep decline reflects mounting skepticism surrounding the altcoin, particularly amid persistent rumors that Pi Network operates as a pyramid scheme. These concerns have made it increasingly difficult for the token to gain traction, with many investors remaining uncertain about its long-term viability. Bearish Sentiment Intensifies Technical indicators suggest that bearish momentum is accelerating for Pi Network (PI) IOU. The Relative Strength Index (RSI), which briefly entered overbought territory, has now seen a sharp reversal, indicating growing selling pressure. While the RSI remains above the neutral 50.0 level, the sudden downtick highlights the market’s hesitation. Historically, when assets enter overbought zones and then drop, further declines often follow. Adding to concerns, the Chaikin Money Flow (CMF) indicator, which measures capital inflows and outflows, has been trending downward since the start of the month. Despite occasional recoveries, the CMF has failed to sustain positive momentum, signaling that outflows continue to dominate inflows. Such trends indicate a lack of investor confidence, reinforcing fears that the token may struggle to regain lost ground in the near term. Key support levels and price outlook PI IOU currently trades at $72, after failing to establish $130 as a support level, triggering a sharp selloff. With selling pressure mounting, analysts warn that the price could face further downward pressure if confidence in the project does not improve. The next critical support level sits at $63—a break below this threshold could push the price down to $47, further deepening investor losses. Conversely, if PI manages to hold above $63 and rebound, it could make another attempt to breach the $130 resistance level. A successful push beyond $130, flipping it into a support level, would invalidate the bearish outlook and set the stage for a potential recovery. However, given the current sentiment, such a reversal remains uncertain without a shift in investor confidence. As the mainnet launch approaches, market watchers will be looking for signs of stability and stronger buy-side support. Until then, volatility and downside risk remain high for Pi Network’s price trajectory.

from Latest World News, International News | Breaking World News https://ift.tt/taLsq3R
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