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Air India Boeing 787 on route to London crashes just after takeoff with over 240 on board

12 June 2025 at 11:22

An Air India passenger plane bound for London with more than 240 people on board crashed Thursday in India’s northwestern city of Ahmedabad, the airline said.

Visuals on local television channels showed smoke billowing from the crash site in what appeared to be a populated area near the airport in Ahmedabad, a city with a population of more than 5 million and the capital of Gujarat, Prime Minister Narendra Modi’s home state.

Firefighters doused the smoking wreckage of the plane, which would have been fully loaded with fuel shortly after takeoff, and adjacent multi-story buildings with water. Charred bodies lay on the ground.

“The scenes emerging of a London-bound plane carrying many British nationals crashing in the Indian city of Ahmedabad are devastating,” British Prime Minister Keir Starmer said in a statement.

Modi called the crash “heartbreaking beyond words.”

“In this sad hour, my thoughts are with everyone affected,” he said in a social media post.

The airline said the Gatwick Airport-bound flight was carrying 242 passengers and crew. Of those, Air India said there were 169 Indians, 53 Britons, seven Portuguese and one Canadian.

Faiz Ahmed Kidwai, the director general of the directorate of civil aviation, told The Associated Press that Air India flight AI 171, a Boeing 787-8, crashed into a residential area called Meghani Nagar five minutes after taking off at 1:38 p.m. local time. He said 244 people were on board and it was not immediately possible to reconcile the discrepancy with Air India’s numbers.

All efforts were being made to ensure medical aid and relief support at the site, India’s Civil Aviation Minister Ram Mohan Naidu Kinjarapu posted on X.

The 787 Dreamliner is a widebody, twin-engine plane. This is the first crash ever of a Boeing 787 aircraft, according to the Aviation Safety Network database.

Boeing said it was aware of the reports of the crash and was “working to gather more information.”

The aircraft was introduced in 2009 and more than 1,000 have been delivered to dozens of airlines, according to the flightradar24 website.

Air India’s chairman, Natarajan Chandrasekaran, said at the moment “our primary focus is on supporting all the affected people and their families.”

He said on X that the airline had set up an emergency center and support team for families seeking information about those who were on the flight.

“Our thoughts and deepest condolences are with the families and loved ones of all those affected by this devastating event,” he said.

British Cabinet minister Lucy Powell said the government will provide “all the support that it can” to those affected by the crash.

“This is an unfolding story, and it will undoubtedly be causing a huge amount of worry and concern to the many, many families and communities here and those waiting for the arrival of their loved ones,” she told lawmakers in the House of Commons.

“We send our deepest sympathy and thoughts to all those families, and the government will provide all the support that it can with those in India and those in this country as well,” she added.

Britain has very close ties with India. There were nearly 1.9 million people in the country of Indian descent, according to the 2021 U.K. census.

The last major passenger plane crash in India was in 2020 when an Air India Express Boeing-737 skidded off a hilltop runway in southern India, killing 21 people.

The worst air disaster in India was on Nov. 12, 1996, when a Saudi Arabian Airlines flight collided midair with a Kazakhastan Airlines Flight near Charki Dadri in Haryana state, killing all 349 on board the two planes.

The crash comes days before the opening of the Paris Air Show, a major aviation expo where Boeing and European rival Airbus will showcase their aircraft and battle for jet orders from airline customers.

Boeing has been in recovery mode for more than six years after Lion Air Flight 610, a Boeing 737 Max 8, plunged into the Java Sea off the coast of Indonesia minutes after takeoff from Jakarta, killing all 189 people on board. Five months later, Ethiopian Airlines Flight 302, a Boeing 737 Max 8, crashed after takeoff from Addis Ababa, Ethiopia, killing 157 passengers and crew members.

Shares of Boeing Co. tumbled nearly 9% before trading opened in the U.S.

This story was originally featured on Fortune.com

© SAM PANTHAKY—AFP via Getty Images

Firefighters work at the site where Air India flight 171 crashed in a residential area near the airport in Ahmedabad on June 12, 2025.

From AI to aerospace: Europe’s most innovative companies shaping tomorrow

What does innovation look like in 2025? From AI to blockbuster weight-loss drugs, Europe’s forward-thinking companies punch above their weight.

For the first time, Fortune analyzed the top companies across the continent in partnership with Statista to find the standouts that are driving progress with success. Patent data was provided by LexisNexis Intellectual Property Solutions.

The list features 300 companies across 21 countries and 16 industries, and a total of 168 of the companies are on the Fortune 500 Europe. Companies on the list have brought in just under $8 trillion in annual revenue. The U.K. has more companies on our list than any other country, followed by Germany and Switzerland. The top sectors are finance, followed by retail and industrials.

Companies on the list have brought in just under $8 trillion in annual revenue.

The list features 300 companies across 21 countries and 16 industries, and a total of 168 of the companies are on the Fortune 500 Europe. Companies on the list have brought in just under $8 trillion in annual revenue. The U.K. has more companies on our list than any other country, followed by Germany and Switzerland. The top sectors are finance, followed by retail and industrials.

L’Oréal was ranked at the top of the list in 2025. “We are immensely proud to be recognized by Fortune as Europe’s most innovative company,” Nicolas Hieronimus, Chief Executive Officer of L’Oréal told Fortune“This prestigious recognition reinforces our conviction that innovation, fueled by science, technology, and creativity, is the best way to succeed on the world stage, but is also a testament to the incredible talent and dedication of our teams around the globe.”

We’ve highlighted some of the standout companies from this year’s list driving innovation across Europe.


L’Oréal

Household products
Noted for: Product innovation
Employees: 50,000–99,999
Fortune 500 Europe rank: 91
France

L’Oréal invests more than €1 billion annually in research and innovation and boasts a team of over 4,000 researchers. This, in turn, helps the French company formulate new ingredients and develop new products. Earlier this year, L’Oréal launched a device called Cell BioPrint that will give people a detailed assessment of their skin and the products best suited for it.

“This prestigious recognition reinforces our conviction that innovation, fueled by science, technology, and creativity, is the best way to succeed on the world stage…”

Nicolas Hieronimus, CEO, L’Oréal

Unilever

Household products
Product innovation
Employees: >100,000
F500 Europe rank: 49
U.K.

Unilever’s innovations take different shapes and forms—from fast-action laundry liquid to paper-cup instant noodles. The London-based company has 20,000 patents and a team of 5,000 experts who design new products, aided by nearly €1 billion in annual investments. Unilever has also expanded its AI use to help customers find the best products and discover new ones backed by scientific data.  

Philips

Health care
Product innovation
Employees: 50,000–99,999
F500 Europe rank: 210
Netherlands

Founded in 1891, Royal Philips is known for pioneering innovations in lighting, health care, and consumer electronics. Key breakthroughs include the first compact audio cassette, electric razors, and mercury-free light bulbs. Today, Philips leads in sustainable, health–focused technology, improving billions of lives globally.

Philips Azurion is an advanced medical imaging system that enables doctors to perform minimally invasive procedures, reducing the need for open surgery in eligible patients.
Courtesy Philips

GSK

Health care
Innovation culture
Employees: 50,000–99,999
F500 Europe rank: 104
U.K.

GSK’s innovations were reflected in its bottom line in 2024. With the help of its Silicon Valley veteran technology chief, Shobie Ramakrishnan, GSK is also using AI to speed drug discovery and streamline its supply chains.

Novo Nordisk

Health care
Innovation culture
Employees: 50,000–99,999
F500 Europe rank: 116
Denmark

Novo Nordisk is wasting little time in developing new obesity treatments that, until recently, made it Europe’s most valuable company. In May, the FDA accepted Novo’s application to sell an oral version of Wegovy; an approval decision is expected in Q4. Novo Nordisk’s recent trials for CagriSema, a new, more effective weight-loss medication, could increase its appeal beyond the millions already using its drugs.

Novo Nordisk employees oversee an active construction project. This project is part of Novo Nordisk’s investment of more than DKK 80 billion in new active pharmaceutical ingredient facilities.
Courtesy of Novo Nordisk

Medtronic

Health care
Process innovation
Employees: 50,000–99,999
F500 Europe rank: 125
Ireland

In 2024, Medtronic invested more than $2.7 billion in R&D and operated over 81 manufacturing sites. AI is used to customize patient care, ranging from personalized brain therapy to data-driven diabetes care. The use of robotic-assisted surgery (RAS) also helps enhance precision and control. 

EssilorLuxottica

Retailing
Product innovation
Employees: >100,000
F500 Europe rank: 144
France

Whether with Ray-Ban Meta glasses or its latest audio-enhancing eyewear, EssilorLuxottica is always pioneering new technology. Nearly 1,000 researchers across 50 R&D sites supported by up to €350 million in investment help the Franco-Italian company stay ahead of trends. The company is also vertically integrated, allowing for better quality control globally.

Click here to view the full list.

This story was originally featured on Fortune.com

© Illustration by Linn Fritz

Received before yesterday

People are paying thousands of dollars for Labubu dolls. Inside the hottest new toy sensation

11 June 2025 at 15:17

Beanie Babies, Cabbage Patch Kids, and Stanley coolers have all had their moments in the sun. Now, make way for Labubu.

The viral stuffed toy is already familiar to avid TikTok users, but it’s starting to ping the radar of the rest of the world—and it’s selling out at a ludicrous pace, with fans lining up outside of stores and stalking online refreshes.

So, what is a Labubu? It’s a plush pendant toy that’s part of a larger group of toys called “the Monsters.” Created by Hong Kong artist and author Kasing Lung, the characters made their debut in a 2015 book and were turned into toys in 2019 by toy company Pop Mart.

It wasn’t long before influencers and celebrities began attaching the creepy-looking “elvish creature” to their handbags and word began to spread.

Want to get up to speed? Here’s what you need to know:

How does one get a Labubu?

Luck helps. Labubus are typically sold in “blind boxes,” meaning the buyer doesn’t know what color or design they’re getting until they open it. And even getting your hands on one of those boxes is tricky.

Pop Mart restocks its online Labubu collections on Thursdays. Real-world stores (and vending machines) refresh on Friday. In both cases, people swarm the stores, with online refreshes selling in seconds and lines forming outside physical locations hours before they open.

What made Labubu so popular?

One of the first celebrities to popularize the toy was rapper Lisa of the K-pop group Blackpink (who also was featured on season 3 of The White Lotus). Last year, for example, she shared photos of a Christmas tree decorated with several of the dolls.

Other stars have since pledged their loyalty, including Rihanna and Kim Kardashian.

How much are people paying for a Labubu?

The dolls retail for as little as $44 (though certain vinyl-faced dolls go for $180 on Pop Mart), but because demand is so intense, there’s a thriving secondary market. Resale site eBay is loaded with people asking thousands of dollars for certain models (but with the “best offer” caveat letting them sell for much less). StockX, which lets people bid on items, has seen prices topping $5,000 for some of the dolls. And in China, a one-of-a-kind human-size Labubu doll recently sold for $150,000.

How many different kinds of Labubu are there?

The way to keep a viral sensation hot is to have lots of variety—with some being especially rare. There are over 300 different sorts of Labubu at this point, some dressed in special clothes, and some that are part of brand collaborations, like one with Coca-Cola.

Is it true some stores are refusing to sell Labubu?

Yep. Last month, Pop Mart decided to stop selling Labubus in its 16 U.K. stores for a while as people were getting into fights in their fervor to get (and possibly resell) one. The stores have reportedly since been restocked.

Okay, so what the heck is a Lafufu?

With something this popular, there were bound to be knockoffs. A Lafufu is a fake Labubu. If you see someone selling a Labubu on the street, it’s likely a Lafufu. Buyer beware when purchasing online from anyone other than Pop Mart as well.

How much fun is it to say “Labubu”?

A lot.

This story was originally featured on Fortune.com

© VCG/VCG via Getty Images

People are paying thousands of dollars for Labubu figures.

Trump’s new travel ban set to take effect amid escalating tension over immigration enforcement

8 June 2025 at 20:38

President Donald Trump’s new ban on travel to the U.S. by citizens from 12 mainly African and Middle Eastern countries is set to take effect Monday amid escalating tension over the president’s unprecedented campaign of immigration enforcement.

The new proclamation, which Trump signed on Wednesday, applies to citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. It also imposes heightened restrictions on people from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela who are outside the U.S. and don’t hold a valid visa.

The new ban does not revoke visas previously issued to people from countries on the list, according to guidance issued Friday to all U.S. diplomatic missions. However, unless an applicant meets narrow criteria for an exemption to the ban, his or her application will be rejected starting Monday. Travelers with previously issued visas should still be able to enter the U.S. even after the ban takes effect.

Haitian-American Elvanise Louis-Juste, who was at the airport Sunday in Newark, New Jersey, awaiting a flight to her home state of Florida, said many Haitians wanting to come to the U.S. are simply seeking to escape violence and unrest in their country.

“I have family in Haiti, so it’s pretty upsetting to see and hear,” Louis-Juste, 23, said of the travel ban. “I don’t think it’s a good thing. I think it’s very upsetting.”

Many immigration experts say the new ban is designed to beat any court challenge by focusing on the visa application process and appears more carefully crafted than a hastily written executive order during Trump’s first term that denied entry to citizens of mainly Muslim countries.

In a video posted Wednesday on social media, Trump said nationals of countries included in the ban pose “terrorism-related” and “public-safety” risks, as well as risks of overstaying their visas. He also said some of these countries had “deficient” screening and vetting or have historically refused to take back their citizens.

His findings rely extensively on an annual Homeland Security report about tourists, businesspeople and students who overstay U.S. visas and arrive by air or sea, singling out countries with high percentages of nationals who remain after their visas expired.

Trump also tied the new ban to a terrorist attack in Boulder, Colorado, saying it underscored the dangers posed by some visitors who overstay visas. The man charged in the attack is from Egypt, a country that is not on Trump’s restricted list. U.S. officials say he overstayed a tourist visa.

The ban was quickly denounced by groups that provide aid and resettlement help to refugees.

“This policy is not about national security — it is about sowing division and vilifying communities that are seeking safety and opportunity in the United States,” said Abby Maxman, president of Oxfam America, a nonprofit international relief organization.

Venezuela President Nicolás Maduro’s government condemned the travel ban, characterizing it in a statement as a “stigmatization and criminalization campaign” against Venezuelans.

This story was originally featured on Fortune.com

© Rebecca Blackwell—AP Photo

Haitian art is displayed on a wall outside the Little Haiti Cultural Complex in Miami on Friday.

Mario Kart World’s $80 price isn’t that high, historically

8 April 2025 at 21:26

Last week, Nintendo made waves across the game industry by announcing that Mario Kart World would sell for a suggested price of $80 in the US. That nominal price represents a new high-water mark both for Nintendo and for the game industry at large, which has generally reserved prices above $70 for fancy, trinket-laden collectors' editions or Digital Deluxe Editions that include all variety of downloadable bonuses.

Console gaming's nominal price ceiling has gone up pretty consistently in the last 40+ years. Credit: Kyle Orland / Ars Technica
After adjusting for inflation, an $80 price level doesn't seem all that out of the ordinary. Credit: Kyle Orland / Ars Technica

When you adjust historical game prices for inflation, though, you find that asking $80 for a baseline game in 2025 is broadly in line with the prices big games were commanding 10 to 15 years ago. And given the faster-than-normal inflation rates of the last five years, even the $70 nominal game prices that set a new standard in 2020 don't have the same purchasing oomph they once did.

The data

A yellowed print advertisement for video game cartridges.
$34.99 for Centipede on the Atari 2600 might sound cheap, but that 1983 price is the equivalent of roughly $90 today. Credit: Retro Waste
A yellowed print advertisement for home video game consoles and accessories.
Check out the premium pricing for Zelda titles above other NES games in the 1988 Sears catalog. Credit: Hughes Johnson
A 1990s advertisement for home video game consoles and accessories.
If you wanted Streets of Rage 2 from Electronics Boutique in 1993, you'd better have been ready to pay extra. Credit: Hughes Johnson

To judge Mario Kart World's $80 price against historical trends, we first needed to figure out how much games cost in the past. To do that, we built off of our similar 2020 analysis, which relied on scanned catalogs and retail advertising fliers for real examples of nominal console game pricing going back to the Atari era. For more recent years, we relied more on press reports and archived digital storefronts to show what prices new games were actually selling for at the time.

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© Nintendo

Hands-on with the Switch 2: It’s the Switch, too

3 April 2025 at 13:00

The Nintendo Switch 2 could be considered the most direct "sequel" to a Nintendo console that the company has ever made. The lineage is right there in the name, with Nintendo simply appending the number "2" onto the name of its incredibly successful previous console for the first time in its history.

Nintendo's previous consoles have all differed from their predecessors in novel ways that were reflected in somewhat new naming conventions. The Switch 2's name, on the other hand, suggests that it is content to primarily be "more Switch." And after spending the better part of the day playing around with the Switch 2 hardware and checking out some short game demos on Wednesday, I indeed came away with the impression that this console is "more Switch" in pretty much every way that matters, for better or worse.

Bigger is better

We've deduced from previous trailers just how much bigger the Switch 2 would be than the original Switch. Even with that preparation, though, the expanded Switch 2 makes a very good first impression in person.

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