One lifeless and dozens injured as Singapore Airways flight hits ‘extreme’ turbulence

Good morning. We have now must-read tales at the moment on:

• Macron’s shock journey to riot-hit New Caledonia

• Mexico’s thriving drug cartels

• The EU’s shrinking commerce deficit with China

However we begin with a Singapore Airways flight that turned lethal after encountering “sudden extreme turbulence”.

The flight between London and Singapore diverted to Bangkok the place it landed yesterday afternoon after experiencing extreme turbulence whereas flying over the Irrawaddy Basin in Myanmar.

A 73-year-old British man died and dozens have been injured in the course of the incident, Bangkok airport authorities mentioned

Turbulence is a rising drawback for airways, and is anticipated to worsen due to local weather change. Excessive turbulence, described by the US Climate Service as leaving “aircraft practically impossible to control”, is uncommon and might trigger structural harm to a aircraft.

A passenger on board described a “sudden” and “dramatic” drop, which prompted individuals not sporting seatbelts to hit the ceiling of the aircraft.

Right here’s the total story — together with charts exhibiting how the extreme turbulence occasion unfolded.

And right here’s what I’m protecting tabs on at the moment:

• Financial knowledge: Japan releases provisional month-to-month commerce statistics, Taiwan studies jobs figures and South Korea publishes PPI inflation knowledge.

• Financial coverage: Indonesia’s central financial institution has its coverage assembly and rate of interest determination.

• Vietnam: The Nationwide Meeting is ready to approve public safety minister To Lam because the new president, months after his predecessor resigned amid a corruption crackdown. (Reuters)

• Nvidia outcomes: The world’s most dear chipmaker studies first-quarter earnings as its rivals take purpose at its software program dominance.

• Vacation: Monetary markets are closed in Singapore and different Asian international locations for Buddha Day.

5 extra prime tales

1. President Emmanuel Macron is to make an sudden go to to France’s riot-torn Pacific territory of New Caledonia to attempt to restart talks with native leaders and resolve a political disaster sparked by a controversial electoral reform. Macron’s journey follows lethal unrest within the archipelago, which he considers of strategic significance to France and which has huge reserves of nickel.

2. AstraZeneca is constructing a separate Chinese language provide chain to attempt to circumvent elevated US-China tensions. The drugmaker has established a producing plant in Qingdao that may solely serve China and rising markets. “We hope for the best and plan for the worst,” its chief govt mentioned after the US introduced new tariffs on Chinese language imports final week.

3. The Biden administration will work with Congress on doable sanctions in opposition to the Worldwide Felony Court docket after its prosecutor introduced it was looking for arrest warrants for senior Israeli and Hamas officers, US secretary of state Antony Blinken mentioned yesterday. Blinken’s openness to bipartisan co-operation over the ICC is an indication of the degree of anger in Washington over the request for arrest warrants for Israeli leaders.

4. Samsung Electronics has changed its semiconductor chief in an effort to beat what it has described as a “chip crisis”. The shake-up comes as Samsung tries to meet up with South Korean rival SK Hynix in high-bandwidth reminiscence chips for synthetic intelligence.

5. Japanese corporations exterior the actual property sector generated greater than $77bn in paper earnings final 12 months from their non-core property portfolios. The calculations by analysts at Goldman Sachs will increase stress on corporations forward of the June annual assembly season as buyers demand asset gross sales to unlock worth.

The Large Learn

Andrés Manuel López Obrador as soon as mentioned he would sort out Mexico’s gangs with “hugs not bullets”. However 5 and a half years into the populist left winger’s presidency, organised crime has worsened dramatically, with cartels controlling extra territory than ever. Forward of Mexico’s presidential election on June 2, safety consultants say the issue has develop into so severe that it threatens the nation’s future.

We’re additionally studying and listening to . . . 

• Chinese language economic system: Beijing is stubbornly refusing to genuinely empower shoppers, preferring to give attention to industrial assist. Yanmei Xie of Gavekal Analysis explains why.

• Iran’s helicopters crippled by sanctions: The US-made Bell 212 carrying the nation’s president was nearly 30 years outdated when it crashed right into a mountainside.

• Tech Tonic 🎧: China’s BYD, one of many world’s prime producers of electrical automobiles, is making inroads in Europe. The EU will not be happy.

Chart of the day

The EU’s commerce deficit in items with China has shrunk to its lowest quarterly degree for nearly three years, regardless of fears concerning the bloc being flooded with low cost Chinese language merchandise. 

Take a break from the information

Resort group Aman has launched its new spin-off model Janu in Tokyo. The resort provides a extra modern vibe, the identical impeccable service and — barely — extra reasonably priced costs.

Extra contributions from Irwin Cruz and David Hindley