Public anger is mounting over what has been described as Britain's biggest ever miscarriage of justice that saw hundreds of subpostmasters wrongly convicted of theft because of a computer software glitch. Prime Minister Rishi Sunak has described the scandal as an "appalling miscarriage of justice" that should "never have happened".
The UK will join a string of European countries in leaving a controversial energy treaty that has allowed fossil fuel giants to sue governments over their climate policies, the government said on Thursday. To do that, it allowed energy companies -- many of them using coal and other fossil fuels -- to sue governments over policies putting their investments at risk.
Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs. You couldn't catch one without waving a 10,000-yen note," he told AFP. The bill was worth around $70 back then and now -- although in the 1980s a greenback could buy a lot more than today.
European aviation giant Airbus said Thursday that Vietnamese airline Vietjet Air has agreed to buy 20 of its A330-900 planes. Vietjet signed a memorandum of understanding with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement.
Japan's blue-chip Nikkei 225 on Thursday finally broke through a record high set just before the country's asset bubble catastrophically burst in the early 1990s. Its stock market was hit by global downturns such as the burst of the dot-com bubble in the early 2000s and the 2008-2009 financial crisis.
Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates. Investors were looking to the European Central Bank's minutes of its most recent meeting on eurozone monetary policy, to be released later Thursday, for clues on when it could start cutting rates.
With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan's JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi.
Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic. Qantas said its net profit dropped 13.2 percent year-on-year to Aus$869 million (US$570 million) in the six months to December 31.
Boeing announced Wednesday that the head of its 737 MAX program is departing the aviation giant less than two months after a major safety incident temporarily grounded 171 planes. Clark had ascended to the role in March 2021, shortly after a 20-month grounding of the MAX program following two fatal crashes in 2018 and 2019.
The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published Wednesday.
Economy
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