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India and its vast booming aviation sector
India and its vast booming aviation sector
by  AFP

Air India's London-bound flight 171 that crashed on Thursday with 242 people on board was a Boeing 787-8 Dreamliner, part of India's bold push to radically expand its air industry sector. Indian Prime Minister Narendra Modi, who called the crash "heartbreaking beyond words", has made the development of the air sector a priority since coming to power in 2014.

March quake to drive 2.5% drop in Myanmar GDP, says World Bank
March quake to drive 2.5% drop in Myanmar GDP, says World Bank
by  AFP

Myanmar's economy is set to shrink 2.5 percent in the 2025/26 financial year, largely as a result of March's devastating magnitude-7.7 earthquake, the World Bank said on Thursday. A World Bank report predicted GDP will contract 2.5 percent in the financial year ending in March 2026 "mostly due to earthquake impacts", with output $2 billion lower than it would have been without the disaster.

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