Airbus A320 black box recovered; toll rises to 150

March 25, 2015

Seyne-Les-Alpes, Mar 25: A black box recovered from the scene and pulverised pieces of debris strewn across Alpine mountainsides held clues to what caused a German jetliner to take an unexplained eight-minute dive Tuesday midway through a flight from Spain to Germany, apparently killing all 150 people on board.

The victims included two babies, two opera singers and 16 German high school students and their teachers returning from an exchange trip to Spain. It was the deadliest crash in France in decades.

Airbus A320 copyThe Airbus A320 operated by Germanwings, a budget subsidiary of Lufthansa, was less than an hour from landing in Duesseldorf on a flight from Barcelona when it unexpectedly went into a rapid descent. The pilots sent out no distress call and had lost radio contact with their control center, France's aviation authority said, deepening the mystery.

While investigators searched through debris from Flight 9525 on steep and desolate slopes, families across Europe reeled with shock and grief. Sobbing relatives at both airports were led away by airport workers and crisis counsellors.

“The site is a picture of horror. The grief of the families and friends is immeasurable,” German Foreign Minister Frank-Walter Steinmeier said after being flown over the crash scene. “We must now stand together. We are united in our great grief.”

It took investigators hours to reach the site, led by mountain guides to the craggy ravine in the southern French Alps, not far from the Italian border and the French Riviera.

Video shot from a helicopter and aired by BFM TV showed rescuers walking in the crevices of a rocky mountainside scattered with plane parts. Photos of the crash site showed white flecks of debris across a mountain and larger airplane body sections with windows. A helicopter crew that landed briefly in the area saw no signs of life, French officials said.

“Everything is pulverized. The largest pieces of debris are the size of a small car. No one can access the site from the ground,” Gilbert Sauvan, president of the general council, Alpes-de-Haute-Provence, told The Associated Press.

“This is pretty much the worst thing you can imagine,” said Bodo Klimpel, mayor of the German town of Haltern, rent with sorrow after losing 16 tenth graders and their two teachers.

The White House and the airline chief said there was no sign that terrorism was involved, and German Chancellor Angela Merkel urged reporters not to speculate on the cause.

“We still don't know much beyond the bare information on the flight, and there should be no speculation on the cause of the crash,” she said in Berlin. “All that will be investigated thoroughly.”

Lufthansa vice president Heike Birlenbach told reporters in Barcelona that for now “we say it is an accident.”

In Washington, the White House said American officials were in contact with their French, Spanish and German counterparts. “There is no indication of a nexus to terrorism at this time,” said U.S. National Security Council spokeswoman Bernadette Meehan.

Merkel, French President Francois Hollande and Spanish Prime Minister Mariano Rajoy were to visit the site Wednesday.

French Interior Minister Bernard Cazeneuve said a black box had been located at the crash site and “will be immediately investigated.” He did not say whether it was the flight data recorder or the cockpit voice recorder.

The two devices actually orange boxes designed to survive extreme heat and pressure should provide investigators with a second-by-second timeline of the plane's flight.

The voice recorder takes audio feeds from four microphones within the cockpit and records all the conversations between the pilots, air traffic controllers as well as any noises heard in the cockpit. The flight data recorder captures 25 hours' worth of information on the position and condition of almost every major part in a plane.

Germanwings is low-cost carrier owned by Lufthansa, Germany's biggest airline, and serves mostly European destinations. Tuesday's crash was its first involving passenger deaths since it began operating in 2002. The Germanwings logo, normally maroon and yellow, was blacked out on its Twitter feed.

Lufthansa CEO Carsten Spohr called it the “blackest day of our company's 60-year history.” He insisted, however, that flying “remains after this terrible day the safest mode of transport.”

Germanwings said 144 passengers and six crew members were on board. Authorities said 67 Germans were believed among the victims, including the 16 high school students and two opera singers, as well as many Spaniards, two Australians and one person each from the Netherlands, Turkey and Denmark.

Contralto Maria Radner was returning to Germany with her husband and baby after performing in Wagner's “Siegfried,” according to Barcelona's Gran Teatre del Liceu. Bass baritone Oleg Bryjak had appeared in the same opera, according to the opera house in Duesseldorf.

The plane left Barcelona Airport at 10-01 a.m. and had reached its cruising height of 38,000 feet when it suddenly went into an eight-minute descent to just over 6,000 feet, Germanwings CEO Thomas Winkelmann told reporters in Cologne.

“We cannot say at the moment why our colleague went into the descent, and so quickly, and without previously consulting air traffic control,” said Germanwings' director of flight operations, Stefan-Kenan Scheib.

At 10-30, the plane lost radio contact with the control centre but “never declared a distress alert,” Eric Heraud of the French Civil Aviation Authority told the AP.

The plane crashed at an altitude of about 6,550 feet at Meolans-Revels, near the popular ski resort of Pra Loup. The site is 700 kilometres south-southeast of Paris.

“It was a deafening noise. I thought it was an avalanche, although it sounded slightly different. It was short noise and lasted just a few seconds,” Sandrine Boisse, the president of the Pra Loup tourism office, told the AP.

Authorities faced a long and difficult search-and-recovery operation because of the area's remoteness. The weather, which had been clear earlier in the day, deteriorated Tuesday afternoon, with a chilly rain falling. Snow coated nearby mountaintops.

French Interior Ministry spokesman Pierre-Henry Brandet said the crash site covered several acres, with thousands of pieces of debris, “which leads us to think the impact must have been extremely violent at very high speed.”

Search operations were suspended overnight and were to resume at daybreak, though about 10 gendarmes remained in the desolate ravine to guard the crash site, authorities said.

Winkelmann said the pilot, whom he did not name, had more than 10 years' experience working for Germanwings and its parent airline Lufthansa.

Florian Graenzdoerffer Lufthansa Spokesman for North Rhine Westphalia said the company had to cancel seven flights out of Dusseldorf because a number of crew members felt they were unfit to fly following news of the accident.

“I can't tell you any details because this is a personal decision and in our business we have an agreement if a crew feels unfit to fly ... then we respect this,” Graenzdoerffer said.

The aircraft was delivered to Lufthansa in 1991, had approximately 58,300 flight hours in some 46,700 flights, Airbus said. The plane underwent a routine check in Duesseldorf on Monday, and its last regular full check took place in the summer of 2013.

The A320 plane is a workhorse of modern aviation, with a good safety record.

The last time a passenger jet crashed in France was the 2000 Concorde accident, which left 113 dead.

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
January 23,2020

Jan 23: Pakistan's Prime Minister Imran Khan called on Wednesday for the United Nations to help mediate between nuclear armed India and Pakistan over the disputed territory of Kashmir.

"This is a potential flashpoint," Khan said during a media briefing at the annual meeting of the World Economic Forum in Davos, Switzerland, adding that it was time for the "international institutions ... specifically set up to stop this" to "come into action".

The Indian government in August revoked the constitutional autonomy of Indian-administered Kashmir, splitting the Muslim-majority region into two federal territories in a bid to integrate it fully with the rest of the country.

Kashmir is claimed in full by both India and Pakistan. The two countries have gone to war twice over it, and both rule parts of it. India's portion has been plagued by separatist violence since the late 1980s.

Khan said his biggest fear was how New Delhi would respond to ongoing protests in India over a citizenship law that many feel targets Muslims.

"We're not close to a conflict right now ... What if the protests get worse in India, and to distract attention from that, what if ..."

The prime minister said he had discussed the prospect of war between his country and India in a Tuesday meeting with US President Donald Trump. Trump later said he had offered to help mediate between the two countries.

Khan said Pakistan and the United States were closer in their approach to the Taliban armed rebellion in Afghanistan than they had been for many years. He said he had never seen a military solution to that conflict.

"Finally the position of the US is there should be negotiations and a peace plan."

In a separate on-stage conversation later on Wednesday, Khan said he had told Trump in their meeting that a war with Iran would be "a disaster for the world". Trump had not responded, Khan said.

Khan made some of his most straightforward comments when asked why Pakistan has been muted in defence of Uighurs in China.

China has been widely condemned for setting up complexes in remote Xinjiang province that Beijing describes as "vocational training centres" to stamp out ""extremism and give people new skills.

The United Nations says at least one million ethnic Uighurs and other Muslims have been detained.

When pressed on China's policies, Khan said Pakistan's relations with Beijing were too important for him to speak out publicly.

"China has helped us when we were at rock bottom. We are really grateful to the Chinese government, so we have decided that any issues we have had with China we will handle privately."

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