The airline says it will add six Airbus converted freighters to replace five ageing Boeing 737s. Australia’s Qantas Airways has unveiled plans to add six Airbus converted freighters to its domestic fleet to replace five ageing Boeing 737s and expand capacity to meet a surge in demand from online shopping. The A321 freighters will be […]

Here are the key events from Monday, August 15. Ukrainian forces reported heavy Russian shelling and attempts to advance on several towns in the eastern region of Donetsk that has become a key focus of the near six-month war. However, they said they had repelled many of the attacks. “Every Russian soldier who either shoots […]

Today, it has been 75 years since India gained its independence from British rule. The lead-up to this occasion has been marked by much pomp and circumstance. The government of India launched the “Azadi ka Amrit Mahotsav” initiative on March 12, 2021, commencing a 75-week countdown to the 75th Independence Day. The initiative is meant […]

Colombo, Sri Lanka–When 37-year-old Harshana Pathirana quit his job in the hotel sector, sold his car and invested in what he believed was a cryptocurrency, he dreamed of making a fortune, especially as the economy around him cratered. More than a year later, with the tourism sector battered in the face of Sri Lanka’s worst […]

The southeast Asian nation’s economy grows 2.5 percent in the June quarter following the easing of pandemic curbs. Thailand’s economy expanded at the fastest pace in a year in the second quarter as eased COVID-19 restrictions boosted activity and tourism, but multiyear high inflation and China’s slowdown remain a drag on the nascent recovery. The […]

India’s best-known stock investor Rakesh Jhunjhunwala, dubbed the country’s Warren Buffett, has died, prompting an outpouring of tributes for a self-made billionaire whose fortunes rose with the country’s economy. Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air. He had looked and sounded frail […]

Retail sales and industrial output for July fall short of analysts’ forecasts after lockdowns stifle economic activity. China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. Retail sales and industrial output grew 2.7 percent and 3.8 percent, respectively, compared with a year […]

Country’s top court to hear appeal over convictions for criminal breach of trust, abuse of power and money laundering. Malaysian former Prime Minister Najib Razak starts his final attempt on Monday to set aside his conviction in a corruption case linked to the multi-billion dollar 1MDB financial scandal. The country’s highest court has scheduled hearings […]

Growth driven by rise in private consumption following the lifting of pandemic curbs in March. Japan’s economy grew an annualised 2.2 percent in the second quarter, as robust private consumption provided a boost to the country’s long-delayed recovery from the COVID-19 pandemic. The relatively strong economic data released on Monday comes after gross domestic product […]

Russian president tells Kim closer ties between Moscow and Pyongyang will strengthen regional security, reports North Korean state media. Russian President Vladimir Putin has told North Korea’s Supreme Leader Kim Jong Un that the two countries will “expand comprehensive and constructive bilateral relations with common efforts”, according to state media in Pyongyang. In a letter […]