Bloomberg An Iranian air defense unit that “forgot” to adjust its radar system triggered a chain of communication and human errors that led to the deadly downing of a Ukrainian passenger jet in January, according to a report from Iran’s Civil Aviation Organization (CAO). Iran said it mistakenly shot down Ukraine International Airlines Flight 752 shortly after take-off, killing all …

Bloomberg Indian banks, which are already struggling with one of the world’s worst loan ratios, are set to face more pain as the coronavirus pandemic slams growth, the central bank’s chief warned, urging lenders to gird up their defenses. “The economic impact of the pandemic, due to the lockdown and the anticipated post-lockdown compression in economic growth, may result in …

Bloomberg China may face a sharp rebound in non-performing loans after virus-relief incentives delayed the reflection of risk exposure on the balance sheet of lenders. The bad-loan ratio rose 8 basis points from the start of the year to 2.1% as of end-June, while non-performing loans are expected to increase, the China Banking and Insurance Regulatory Commission (CBIRC) said in a …