economic setback – SindhTribune.com

India faces economic setback as Pakistan shuts airspace and suspends trade

April 24, 2025

Bangladesh clothes sector hit by trade barriers, internal turmoil
DHAKA — Double-digit growth in Bangladesh’s vital garments sector has put an unexpected gloss on an industry battling U.S. tariffs, Indian trade restrictions and continued domestic political upheaval — a perfect storm of internal and external challenges that threatens to substantially crimp that expansion. The latest trade blow to the ready-made garments (RMG) sector, which…
Vietnam says it needs to be ‘autonomous’ amid 46% US tariffs
TOKYO — Vietnam, one of the hardest-hit countries by U.S. tariffs, said it needs major restructuring to become more “autonomous” and called on private investment to be its growth driver. Nguyen Chi Dung, Vietnamese Deputy Prime Minister, said on Friday that his country would “accelerate the re-structurization of Vietnam economy” to be more “autonomous and…
Bernard Kerik, New York Police Commissioner on 9/11, dies at 69
NEW YORK — Bernard Kerik, who served as New York City’s police commissioner on 9/11 and later pleaded guilty to tax fraud before being pardoned, has died. He was 69. FBI Director Kash Patel confirmed his death on Thursday on social media, saying it came “after a private battle with illness.” Former New York City…
Jardine Matheson names first Chinese national as CEO
TOKYO — Jardine Matheson Holdings, a British conglomerate with roots in Asia, has appointed its next CEO: Lincoln Pan, currently a partner and co-head of private equity at Hong Kong investment firm PAG. A public relations representative confirmed to Nikkei Asia that Pan will be the first Chinese national to take the CEO post at…
Cambodia PM urges ‘industrial recalibrations’ under Trump tariff pressure
TOKYO — Cambodian Prime Minister Hun Manet said his country’s businesses and communities must pursue “industrial recalibrations” as the economy comes under pressure from U.S. President Donald Trump’s trade policy. Hun Manet delivered a keynote address to Nikkei’s annual Future of Asia conference in Tokyo on Friday. He spoke weeks after Trump announced a 49%…
Faizan Zaki wins Scripps National Spelling Bee, a year after coming in 2nd
“Éclaircissement” was the winning word, but for Faizan Zaki it spelled success. The 7th-grader from Dallas won the Scripps National Spelling Bee Thursday, after last year coming in second place on the big stage. Zaki showed little hesitation as he spelled éclaircissement, which means the clearing up of something obscure, in the final word to…
Bioprinted organs ‘10–15 years away,’ says startup regenerating skin
Human organs could be bioprinted for transplants within 10 years, according to Lithuanian startup Vital3D. But before reaching human hearts and kidneys, the company is starting with something simpler: regenerating dog skin. Based in Vilnius, Vital3D is already bioprinting functional tissue constructs. Using a propriet laser system, the startup deposits living cells and biomaterials in…
‘Little evidence’ that EU laws aided criminals in crypto kidnappings
Earlier this month, the father of a wealthy cryptocurrency entrepreneur was abducted in Paris while walking his dog. The attackers, wearing balaclavas, forced him into a van, later severing one of his fingers and sending a video of the mutilation to his son alongside a demand for millions of euros in ransom. The incident joined…
UK trial shows space robots could build solar farms in orbit
Remote-controlled robots could one day build giant solar farms in space, according to a recent trial in the UK. British startup Space Solar conducted the test at the UK Atomic Energy Authority’s (UKAEA) facilities on the University of Oxford’s Culham Campus, which hosts several fusion research initiatives. The company used two remotely operated robotic arms…