World

British stock market records worst daily drop since 2020

Apr 05, 2025

London [UK], April 5: The FTSE 100 Index fell 4.95 percent and closed at 8,054.98 on Friday, marking its worst daily drop since March 2020.
The plummet came amid fears about the economic impact of newly announced U.S. tariff increases. Banks were the hardest hit while utility companies were among the few gainers.
The last major daily drop occurred on the eve of the COVID-19 pandemic lockdown.
U.S. President Donald Trump has announced a new set of reciprocal tariffs on imports from all trading partners. For Britain, the rate stands at 10 percent, the lowest among European countries, however, British Business and Trade Secretary Jonathan Reynolds said the government is "disappointed" by U.S. additional tariffs, blaming that the 10-percent tariff is not a "fair reflection of how we currently trade."
Source: Xinhua News Agency

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Tradition with a Twist: 71% of Gen Z Believe Diwali Is Best Celebrated the Traditional Way, Reveals Sanrio Survey

Mumbai (Maharashtra) [India], November 5: India's Gen Z may be redefining self-expression, but tradition remains at the heart of their Diwali celebrations. A new survey commissioned by Sanrio, the global lifestyle and entertainment company best known for its beloved characters such as Hello Kitty, Cinnamoroll, Kuromi, My Melody, Pompompurin and Gudetama, reveals that 71% of Gen Z respondents believe Diwali is best celebrated the traditional way, while 66% want more playfulness and fun. The findings resonate with the values of friendship, kindness, positivity and inclusivity embodied by the globally iconic character Hello Kitty, as young Indians blend cherished traditions with their own personal touch. 66% want more playfulness in their celebrations, reflecting a generation that is embracing tradition while adding its own personal touch. Thoughtful gestures and meaningful connections take centre stage, with 64% favouring personal gifts and 70% believing everyone should feel included during Diwali.

Nov 05, 2026