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BusinessThe spread on the riskiest US corporate bonds, rated CCC, has surged above 1,000 basis points over Treasuries for the first time since the 2023 regional banking crisis. This high risk premium signals a significant likelihood of default, restructuring, or loss among these bonds, reflecting increased market stress.
Mint Markets·
BusinessLinda Evangelista sold her West Chelsea penthouse in New York City for $6.75 million after a two-year sales process and multiple price reductions from the original $9.45 million listing. The penthouse features a large layout and terrace, gaining celebrity interest partly due to Keanu Reeves' prior rental. Evangelista has relocated to a nearby apartment in NYC.
TOI World··New York
WorldCaptain Smit Machchhar, the Indian pilot injured while preventing a co-pilot's attempt to crash Flydubai flight FZ1073, has been moved to Abu Dhabi for further medical treatment. Initially treated in Tabuk, Saudi Arabia, after an emergency landing, the Ministry of External Affairs praised his bravery and is closely monitoring his health. Indian Ambassador Deepak Mittal visited him and his family in Abu Dhabi.
News18··Abu Dhabi
WorldTwo pilots took drastically different paths from aviation to terrorism. Nadeem Khatib, a Kashmiri pilot trained in the US, left his career to join Al-Badr, trained in Pakistan, and became an armed terrorist in Kashmir. Decades later, an Omani co-pilot attempted to hijack a Flydubai flight with 174 people, stabbing Indian Captain Smit Machchhar, who fought back and prevented a disaster. Both aimed to kill innocents despite their professional backgrounds.
News18·
PoliticsRussian President Vladimir Putin warned about the dangers of escalating global conflicts and the potential use of nuclear weapons. He stressed the need to avoid weapons of mass destruction in international disputes. Putin criticized Western technical support for Ukraine's military actions and assured that Russia has no plans to attack European countries but will respond to any aggression.
TOI World·
PoliticsAt GMC Doda in Jammu and Kashmir, a controversy has erupted over hijab-wearing. Female students accused Dr. Madhu Chhib, a professor in the gynecology department, of harassment related to hijab. The students claim hijab is part of their identity and have submitted a written complaint to college management. During protests, SHO Tariq's statement went viral on social media.
News18 Hindi··Doda
Mint Markets·
The spread on the riskiest US corporate bonds, rated CCC, has surged above 1,000 basis points over Treasuries for the first time since the 2023 regional banking crisis. This high risk premium signals a significant likelihood of default, restructuring, or loss among these bonds, reflecting increased market stress.
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