Tag: #Collapse
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Pakistan’s Defining Half-Decade: Transformation or Collapse?
The article is written by Fazeel Asif. Pakistan stands at the most consequential crossroads of its modern history. This isn’t rhetoric. It’s basic arithmetic. The numbers from 2022 to today tell a story of drift of crisis management on repeat, of borrowing to survive rather than building to grow, of reform cycles started late and…
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Silicon Valley Bank crash, FDIC to regulate
Silicon Valley Bank’s (SVB) failure leads to a shutdown by US regulators in what is deemed the largest banking failure since 2008. The move came as the SVB, the 16th largest in the US, was reportedly ‘scrambling’ to raise funds to overcome a loss from the sale of assets, in turn, affected by higher interest…
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British Airways Boeing 787 collapses at Heathrow Airport
According to Sources, While waiting at London Heathrow Airport, Unknowingly, the British Airways Boeing 787 collapsed. The nose of the plane toppled towards the ground. Ambulances, fire fighters and police immediately reached the place of incident. According to the airport staff, Luckily, No passenger was onboard. The plane was on stand at the airport and…
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Two Bodies Recovered after Peru Mine Collapse: Official
According to an official, two bodies have been recovered after a Peru Mine Collapse.
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SriLankan Airlines on the verge of collapse amid ‘bleak times’
SriLankan Airlines is on the brink of bankruptcy with a total cumulative loss of over LKR 230 billion as the airline is suspending all operations in what it desscirbes as “bleak times” and the biggest challenge in its 40-year operating history. According to the details, all payments including to lessors have now stopped and there…
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Mexican school owner sentenced to 31 years over quake deaths
Mexico City, Oct 15 (AFP/APP):A Mexican court on Wednesday sentenced the owner of a school where 19 children and seven adults were crushed to death in a 2017 earthquake to 31 years in prison. “We achieved justice for the victims!” Mexico City attorney general Ernestina Godoy Ramos wrote on Twitter. Monica Garcia Villegas, head of…
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Building collapses in Nigeria, killing eight
Lagos, Oct 12 (AFP/APP):Emergency services were clearing debris of a collapsed building on Monday in the densely populated city of Lagos in Nigeria that left at least eight people dead. The cause of the incident, which happened on Sunday, remains unknown but building collapses are common in Africa’s most populous country, where millions live in…
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Death Toll in Indian Building Collapse Climbs to 37
The death toll in an Indian building collapse has climbed to 37
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Karachi building collapses, leaving three injured
Karachi (7th June, 2020): A building in Karachi collapsed, leaving 1 dead and 3 injured, confirm reports. According to reports of Baaghi TV, one person has been killed while three others have been injured following the collapse of a residential building in Liaqat Colony, in Karachi’s Lyari area. The building reportedly collapsed on Sunday night.…
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Coronavirus: British airlines on brink of collapse
United Kingdom (5th Mar, 2020): Former British airlines, Flybe, experiences major setback as fears of Coronavirus escalates. According to reports, the airline which came into business in 1979 as Jersey European Airways, later changed the name to Flybe. While based in Exeter, it was the primary choice for domestic flights outside of London, and served…