Watch: Air India crash: unpacking what went wrong and what's next
Presentation: Murali N Krishnaswamy
Production: Shikha Kumari A
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Time of India
an hour ago
- Time of India
Bangladesh orders 25 Boeing planes as part of push to ease US tariffs
Bangladesh has ordered 25 aircraft from Boeing and ramped up imports of key American goods in an effort to defuse trade tensions and bring down the steep tariffs imposed by the Trump administration, a senior official said on Sunday. The moves are part of a broader strategy to narrow a $6 billion U.S. trade deficit with Bangladesh and avoid a looming 35% tariff hike that has rattled the country's export sector, especially the garments industry which risks losing competitiveness in one of its largest markets. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Data Science Finance Technology Management Operations Management Data Science MCA Design Thinking Degree PGDM Others Artificial Intelligence Data Analytics Cybersecurity Public Policy Project Management Leadership MBA Product Management CXO Healthcare healthcare others Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details "We need new aircraft urgently, possibly within the next couple of years," Commerce Secretary Mahbubur Rahman told reporters. "Initially, it was 14 planes - now it's 25," he said, referring to an earlier plan to purchase aircraft from the U.S.-based manufacturer. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Alongside the aircraft deal, Bangladesh is boosting imports of wheat, soybean oil and cotton from the United States. A new agreement signed earlier this month will see the country import 700,000 tonnes of U.S. wheat annually over the next five years. Officials hope that these steps will help improve trade relations with Washington and soften the impact of the Trump administration's tariff measures. Live Events
Time of India
6 hours ago
- Time of India
Air India pays interim damages to families of 166 crash victims
Advt By , PTI Private carrier Air India on Saturday said it has paid the interim compensation to the families of 166 victims of the Ahmedabad plane crash last payment to the families of another 52 victims is in the process, it added. The plane crash, one of the worst air disasters in India in decades, involved a Boeing 787-8 Dreamliner operating as Air India flight the 242 people onboard, 241 were killed, while the total death toll stood at 260, including casualties on the June 14, Air India announced that it will provide an interim compensation of ₹25 lakh, or approximately £21,500, to the families of each of the deceased and survivors of the Ahmedabad plane crash to help address immediate financial needs."Air India has released the interim compensation to the families of 147 of the 229 deceased passengers and also the 19 who lost their lives at the accident site," the airline said in the addition, the requisite documents of 52 others have been verified, and the interim compensation will be released progressively to the families, it noted.
Mint
11 hours ago
- Mint
Donald Trump, EU's Ursula von der Leyen to meet Sunday as tariff deadline looms. What to expect?
US President Donald Trump is scheduled to meet with British Prime Minister Keir Starmer on Monday in Scotland. This follows the announcement of a trade framework in May and a broader agreement reached during last month's G7 summit in Canada. Trump has stated that the deal is finalised and that the two leaders will address additional topics, although the White House has indicated that the agreement may still require some refinements. The European Union has cautioned that in the absence of a finalised deal, it is prepared to introduce tariffs on hundreds of US goods, including beef, auto parts, beer, and Boeing aircraft. Leaving the White House on Friday, Trump said, 'We have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He said the deal would have to 'buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. Later, von der Leyen posted on X that, 'Following a good call' with Trump, the pair had 'agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong.' The US. and EU seemed close to reaching a deal earlier this month, but Trump instead threatened a 30% tariff rate on the bloc of nations. Still, Trump's original deadline for beginning such tariffs has already passed, and is now delayed until at least Friday. Flying to Scotland to enjoy his golf courses hasn't stopped the president from talking trade. After going to Turnberry to play nine holes, have lunch, then play nine more, Trump posted that he'd block any trade deals between the U.S. and Cambodia and Thailand since the two southeast Asian countries remain locked in violent clashes in long-disputed border areas, AP reported. Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. 'I am trying to simplify a complex situation!' he wrote on Truth Social after disclosing his conversation with the Cambodian leader. After speaking with Wechayachai, Trump said both countries want peace and added: 'Ceasefire, Peace, and Prosperity seem to be a natural.' The actual likelihood of a deal with the EU, meanwhile, remains to be seen. Trump recently said he thought the odds of reaching a framework with Japan were 25%, but the U.S. and Japan subsequently announced an agreement this past week. Earlier in his term, the president boasted that he would use the ongoing threat of steep U.S. tariffs as a bargaining tool to secure better trade terms and reduce deficits with key American allies. However, those efforts have largely failed to meet expectations, placing added pressure on Trump to deliver a trade agreement with a major global player like the European Union. (With inputs from agencies)
