An Aeromexico plane carrying 101 people on board crashed minutes after taking off. At least 12 of the 85 persons injured are said to be critical, an official said.
Archives for July 2018
US President Donald Trump is now considering a 25 per cent tariff on USD 200 billion in Chinese imports, more than the 10 per cent previously touted, reports said.
The US imposed 25 per cent tariffs on USD 34 billion of Chinese products earlier this month, with plans to add another USD 16 billion of imports, the reports said yesterday.
Trump initially threatened to levy 10 per cent on an additional USD 200 billion but that figure may now rise to 25 per cent, sources told the Washington Post and Bloomberg.
It would represent a ramping up of pressure over Washington’s trade standoff with Beijing.
Markets were however steady yesterday, given a boost by hopes for new negotiations.
In 2017, the United States had a USD 376 billion trade deficit with China, which it is keen to cut.
Trump recently threatened to slap punitive tariffs on all Chinese imports, which accounted for more than USD 500 billion last year.
HONG KONG (Reuters) – Manufacturing activity across Asia slowed in July, deepening concerns about the region’s economic outlook as an intensifying trade conflict between the United States and China sent shudders through their trading partners.
At least 85 people were injured after an Aeromexico flight crashed on takeoff during a heavy hail storm in northern Mexico, engulfing the plane in flames, officials said.
The Embraer 190 aircraft, which was operating between Durango and Mexico City, crashed around 4pm local time (21:00 GMT), “with 97 passengers and four crew members on board,” according to Mexico’s transport minister Gerardo Ruiz Esparza.
“It is confirmed that there have been no deaths from the flight #AM2431 accident,” tweeted Jose Rosas, the governor of Durango state where the crash happened yesterday.
“Approximately 85 people are injured,” Durango’s civil defense spokesman Alejandro Cardoza told the Milenio television channel, adding there are some “serious injuries” but the majority are “very light”.
Dozens of lightly injured passengers were seen leaving the plane, which was engulfed in gray smoke in a field.
Forty-nine were hospitalized while the rest were allowed to go home.
“The fire started after the emergency
SHANGHAI (Reuters) – Asian shares were higher on Wednesday, tracking the firmer Wall Street finish though reports that Washington plans to raise tariffs on $200 billion of Chinese goods have put the focus back on volatile Sino-U.S. trade relations.