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A collision between a freight train and a bus killed at least eight people and injured more than 30 in the Thai capital Bangkok on Saturday, police said. Firefighters and rescue workers cordoned off the collision site, with investigators seen peering into the burnt-out shell of the bus. Pedestrians were ushered away from the busy downtown intersection, which is used by tens of thousands of vehicles each day. Forensic officers investigate the site of a train collision with a bus (back) underneath Makkasan Airport Rail station in Bangkok on May 16, 2026. —AFP “Eight people have died and 35 others were injured,” Bangkok police chief Urumporn Koondejsumrit told AFP, updating the number of injured from previous reports. The collision happened early in the afternoon, with images on social media showing the train approaching a level crossing at a moderate speed before colliding with the bus, which instantly burst into flames. “The fire is now out and we are trying to recover the bodies,” Urumporn said. The flames ap...
As United States President Donald Trump showered praise on his Chinese counterpart Xi Jinping on Friday, the CEOs of several US aviation, commodities, technology, and finance conglomerates looked to advance their business interests by meeting the heads of powerful Chinese regulators and ministries. These include GE Aerospace, Boeing, Qualcomm, Cargill, Visa, Goldman Sachs, and Citigroup, who held talks with the leading officials of Chinese government agencies such as the commerce ministry, state planner, securities regulator, and central bank, according to official government statements and state-backed media reports published on Friday and Saturday. The US executives travelled to Beijing as part of the business delegation Trump brought to China. They stood behind Trump’s cabinet on Thursday morning as they were each introduced to Xi, and later in the evening mingled with Chinese officials and businesspeople at a state banquet. The executives are hoping the political goodwill generated by the bonhomie be...
A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom? More than 45,000 workers are threatening to stage the largest strike in the conglomerate’s history from May 21, reducing production of memory chips that are crucial components in AI data centres, smartphones and laptops, as Samsung and its union struggle to find a compromise over bonus payouts. Samsung Electronics, which has reaped huge profits from a global memory shortage, has offered to pay generous bonuses to staff. But it wants to give 27,000 memory chip employees at least six times more than its other workers in its logic chip design and manufacturing businesses. Samsung Electronics labour union members chant slogans during a protest against company’s compensation levels ahead of a planned lengthy strike in front of Samsung Electronics semiconductor plant in ...
The federal government on Friday reduced petrol and diesel prices by Rs5, according to a notification issued by the Petroleum Division. According to the notification, the revised prices will take effect from May 16. Following the decrease, the price of petrol stands at Rs409.78 per litre and that of HSD at Rs409.58. Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed diesel is mainly used in the heavy transport sector and for large generators. The government has been revising petroleum prices every week on Friday night following the now-paused US-Israeli war on Iran, which began on February 28. The war also led to a global fuel crunch caused by the closure of the Strait of Hormuz, through which one-fifth of the world’s supply of oil and gas used to pass in peacetime. Last week, the government approved a hike of Rs14.92 per litre in petrol and Rs15 on HSD prices. After the US-Israeli war o...10418 items