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Jeju Air flight that left 179 people dead stopped recording four minutes before the disaster, South Korea's transport ministry said Saturday. The Boeing 737-800 was flying from Thailand to Muan, South Korea, on December 29 carrying 181 passengers and crew when it belly-landed at the Muan airport and exploded in a fireball after slamming into a concrete barrier. It was the worst-ever aviation disaster on South Korean soil.

rice stocks hit a record high at the start of January, reaching eight times the government's target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Higher rice stocks would enable the world's biggest exporter of the staple to accelerate exports. However, dwindling wheat stocks will likely deter the government from releasing more stock to bulk consumers. Rice reserves in state granaries, including unmilled paddy, totalled 60.9 million metric tons of Jan. 1, compared to the government's target of 7.6 million tons, data compiled by the Food Corporation of India showed.

In their first full year of trading, spot bitcoin exchange-traded funds may have fundamentally altered the way investors view cryptocurrency investments.

Subscribe to enjoy similar stories. Dear reader, Hello and welcome to the first edition of 2025 of Climate Change And You. It’s been two months since Sayantan and I started the newsletter, and it has been a busy time in terms of climate news.

hush money case, marking a significant moment in U.S. legal history. This sentence means that Trump will not face jail time, fines, or probation, allowing him to assume the presidency without the threat of imprisonment.

Donald Trump was formally sentenced Friday in his hush money case, but the judge declined to impose any punishment. The outcome cements Trump’s conviction while freeing him to return to the White House unencumbered by the threat of a jail term or a fine. This makes him the first former US president ever sentenced for a crime. Justice Juan Merchan delivered the decision on Friday, a day after the US Supreme Court rejected an attempt by Trump’s legal team to delay sentencing before the Republican leader’s inauguration on January 20. ALSO READ: Once-in-a-1,60,000-year comet G3 ATLAS to be visible from Earth on this day. It could shine as bright as Venus

Donald Trump was sentenced Friday in his hush money case, but the judge declined to impose any punishment. The outcome cements Trump's conviction before he returns to power before while freeing him to return to the White House unencumbered by the threat of a jail term or a fine. Trump's sentence of an unconditional discharge caps a norm-smashing case that saw the former and future president charged with 34 felonies, put on trial for almost two months and convicted by a jury on every count. Yet, the legal detour — and sordid details aired in court of a plot to bury affair allegations — didn't hurt him with voters, who elected him to a second term.

Donald Trump's in his New York criminal case on Friday closes out a series of prosecutions that he largely beat by retaking the U.S. presidency, though he is still fighting to avoid paying hundreds of millions of dollars for losses in civil lawsuits, Reuters reported. Full list of cases against President-elect Donald Trump and status ahead of January 20 Inauguration. New York Hush Money Case

Subscribe to enjoy similar stories. Think 15% vacancy rates are only a problem for owners of office towers? America has a serious housing shortage, but not for the type of apartments that real-estate investors have been building in record numbers. The national vacancy rate for multifamily apartments reached 8% in the last quarter of 2024—higher than it was before the pandemic.

Rahul Gandhi, scheduled for Friday at an MP-MLA court here, was postponed due to a strike by lawyers. Advocate Santosh Kumar Pandey, representing complainant Vijay Mishra, stated that the special court's magistrate Shubham Verma has now scheduled the hearing for January 22 to complete cross-examination. The case dates back to 2018 when Mishra, a local BJP politician, filed a defamation complaint against Gandhi. Mishra alleged that Gandhi made objectionable remarks during the Karnataka assembly elections that deeply hurt him. After a prolonged five-year legal process, Gandhi failed to appear in court, leading the presiding judge in December 2023 to issue a warrant for his appearance. Gandhi surrendered before the court in February 2024.

rupee may fall past 90 per dollar this year as the monetary authority prepares to ditch the currency’s implicit quasi-peg to the dollar, according to Gavekal Research. A bigger depreciation of around 10%, taking the rupee to 95 is “not out of the question,” analysts Udith Sikand and Tom Miller wrote in a note. The monetary authority faces the task of lowering interest rates without precipitating a steeper currency decline, they wrote.

GMM Pfaudler, domestic brokerage firm Ambit has initiated coverage on the stock with a «Buy» rating and a 24-month target price of Rs 2,400, suggesting a substantial 89% upside for the stock. “GMM trades at 30x FY26E P/E (12x EV/EBITDA), a 25-35% discount to its peers given earlier growth/margin issues due to deceleration in end-user capex. Valuations should re-rate with end-user capex uptick driving earnings rebound. We bake in 9%/12%/14% rev/EBITDA/FCF CAGR and expect GMM to scale 5x over FY24-41E (7x, FY19-24),” said Ambit in its report.

Subscribe to enjoy similar stories. Andy Murray knows a thing or two about how to play Novak Djokovic. Murray has beaten Djokovic 11 of the 36 times they have met on the men’s tennis tour—not a figure in his favour.

Bitcoin (BTCUSD) surged above $100,000 early this week but has tumbled in recent days as investors reassess this year's interest rate outlook.

Shriram Finance are likely to remain in focus as the stock begins trading on an ex-split basis on Friday. The company has set January 10 as the record date to determine shareholder eligibility for its 1:5 stock split. Shares of Shriram Finance will start trading on an ex-split basis on Friday, as the company had set January 10 as the record date for determining the shareholder eligibility for their 1:5 stock split.

Subscribe to enjoy similar stories. Becoming a financial advisor isn’t just about crunching numbers—it’s about navigating regulations, building trust, and offering solutions that resonate with clients. For those ready to step into this challenging but rewarding field, there are three key paths: obtaining a Mutual Fund Distributor (MFD) licence, registering as a Sebi Investment Advisor (RIA), or qualifying as a Sebi Research Analyst (RA).

Credit card defaults are on the rise for Americans, reaching the highest amount in 14 years

electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.

equity fundraising touched a record Rs 3.99 lakh crore in 2024, mainly driven by deluge of initial share sales (IPOs) as investor appetite remained robust throughout the year. Excluding the rights issues, the fundraising from equity was at Rs 3.73 crore, which is a massive 159% increase over the previous year period. According to primedatabase.com, 91 Indian companies raised Rs 1.59 lakh crore through the IPOs, which listed on both the exchanges. This is more than 3 times the amount mobilised by the companies in 2023. The year also saw the biggest IPO from Hyundai, which raised Rs 27,859 crore.

Suranjana Borthakur, Head — Distribution, Mirae Asset Investment Managers, says as a fund house, they are not very comfortable with too much sectoral play. They look at decadal themes and think the consumption theme is at a very sweet spot. The entire discretionary space is looking at a comeback, which is where they are positive on consumption as a theme. They are also positive on the banking financial theme as well as the healthcare theme. Every thematic segment may have a representation in the portfolio, but overloading any of the segments may not work well. Also, a 50% largecap and 50% in mid and smallcaps could be a good allocation to have in the long-term How should one read into the AMFI data? We are again seeing very healthy, record high SIP inflows. Suranjana Borthakur: It is very encouraging that in spite of market volatility, the SIP numbers have remained intact. In fact, they are reaching new highs of Rs 26,000 crore and above. It shows the confidence of the retail investor for a long-term wealth creation in India and despite the volatility, the conviction is very high.

«So, especially, the thought process was that the Middle East capex is slowing down, the oil capex of Aramco, that will slow down. However, having said that, they delivered very strongly on the 2Q numbers and what we are saying that 3Q numbers may be at a record level versus other quarters,» says Priyankar Biswas, BNP Paribas. What the expectations are when it comes to the Q3 of this year, clearly the ports and logistics sector are expected to be a bit softer? Priyankar Biswas: Yes, that is correct. At least for the port space, we are seeing a fair bit of softness. So, we have actually put out something today on this aspect. So, what we are witnessing is that port volumes, so the big players like Adanis and the Gujarat Pipavavs and even the major port volumes are very much out in the public domain. And we can see there is already a softness that is being witnessed all across the board.