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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 ...
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Foxconn to invest $1.5Bn in India unit as Apple expands manufacturing base

Apple supplier Foxconn is set to invest $1.5 billion in its India operations, as the iPhone maker accelerates its shift away from China amid ongoing trade tensions and global supply chain disruptions. The investment will be made by Foxconn’s Singapore-based subsidiary, which will purchase 12.77 billion shares worth $1.5 billion (₹127.74 billion), in Yuzhan Technology India. This unit, based in Tamil Nadu, is responsible for manufacturing electronic components and assembling Apple’s iPhones. The move reflects Apple’s growing focus on India as a key manufacturing hub. Since 2017, Apple has been assembling iPhones in the country, encouraged by the Indian government’s Production Linked Incentive (PLI) scheme, aimed at boosting domestic manufacturing and reducing reliance on imports. https://ift.tt/4pQGiSA The PLI scheme, part of India’s wider Atmanirbhar Bharat (self-reliant India) and Make in India initiatives, provides incentives to manufacturers in several sectors, including electronics. It is designed to attract foreign investment, create jobs, increase exports, and integrate Indian production into global supply chains. Foxconn’s latest investment comes at a time when multinational firms are diversifying production bases to mitigate risks from geopolitical tensions and the lingering impact of the COVID-19 pandemic. The shift away from China, particularly for high-tech manufacturing, has been hastened by tariffs imposed during US President Donald Trump’s administration, which continue to affect trade. In March 2025, Apple reportedly exported around 600 tonnes of iPhones from India to the United States, valued at approximately $2 billion, underlining the growing scale and capability of its Indian operations. India’s political stability, skilled workforce, growing consumer base, and improving infrastructure are positioning it as a favourable alternative for global manufacturing giants. Foxconn is continuing to invest in Tamil Nadu. Times of India reports that according to regulatory filing, during last few days, Foxconn has invested $1.48 billion (Rs.12,800 crores) in it's Tamil Nadu unit. This move is significant as Apple is ramping up iPhone production in… — D.Muthukrishnan (@dmuthuk) May 20, 2025 The $1.5 billion investment by Foxconn represents one of the largest recent foreign direct investments in India's electronics manufacturing sector and is expected to significantly boost local production capacity. Foxconn, formally known as Hon Hai Precision Industry Co. Ltd (2317.TW), is among several Apple suppliers ramping up investment in India as the tech giant looks to reduce its dependence on China and meet rising global demand through more diversified supply chains.

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