Suspected debris from missing Malaysian jet may have sunk: Australia

March 21, 2014

Debris_sunkPerth/Kuala Lumpur, Mar 21: The international team hunting for Malaysia Airlines Flight MH370 in the southern Indian Ocean has not turned up anything so far, and Australia's deputy prime minister said the suspected debris may have sunk.

Aircraft and ships have renewed a search in the Andaman Sea between India and Thailand, going over areas that have already been exhaustively swept to find some clue to unlock one of the most inexplicable mysteries in modern aviation.

The Boeing 777 went missing almost two weeks ago off the Malaysian coast with 239 people aboard. There has been no confirmed sign of wreckage but two objects seen floating deep south in the Indian Ocean were considered a credibe lead and set off a huge hunt on Thursday.

Australian authorities said the first aircraft to sweep treacherous seas on Friday in an area about 2,500km (1,500 miles) southwest of Perth was on its way back to base without spotting the objects picked out by satellite images five days ago.

"Something that was floating on the sea that long ago may no longer be floating," Deputy prime minister Warren Truss told reporters in Perth. "It may have slipped to the bottom."

But the search is continuing and and Australian, New Zealand and US aircraft would be joined by Chinese and Japanese planes over the weekend.

"It's about the most inaccessible spot that you can imagine on the face of the Earth, but if there is anything down there, we will find it," Australian Prime Minister Tony Abbott told reporters in Papua New Guineau, where he is on a visit.

"Now it could just be a container that's fallen off a ship. We just don't know, but we owe it to the families, and the friends and the loved ones to do everything we can to try to resolve what is as yet an extraordinary riddle."

India said it was sending two aircraft, a Poseidon P-8I maritime surveillance aircraft and a C-130 Hercules transporter, to join the hunt in the southern Indian Ocean. It is also sending another P-8I and four warships to search in the Andaman Sea, where the plane was last seen on military radar on March 8.

In New Delhi, officials said the search in areas around the Andaman island chain was not at the request of Malaysian authorities coordinating the global search for the airliner.

"All the navies of the world have SAR regions," said Capt DK Sharma, an Indian Navy spokesman, referring to search and rescue regions. "So we're doing it at our own behest.

"We're doing it on our own because the Malaysian plane is still missing."

Investigators suspect Flight MH370, which took off from Kuala Lumpur for Beijing shortly after midnight on March 8, was deliberately diverted thousands of miles from its scheduled path. They say they are focusing on hijacking or sabotage but have not ruled out technical problems.

The search for the plane also continues in other regions, including a wide arc sweeping northward from Laos to Kazakhstan.

In the Indian Ocean, three Australian P-3 Orions joined a high-tech US Navy P-8 Poseidon and a civilian Bombardier Global Express jet to search the 23,000 square km (8,900 sq mile) zone, the Australian Maritime Safety Authority said.

A Norwegian merchant ship, the Hoegh St. Petersburg, was diverted to the area on Thursday and was still searching there and another vessel would arrive later on Friday.

China's icebreaker for Antarctic research, Xuelong, or Snow Dragon, will set off from Perth to search the area, Chinese state news agency Xinhua cited maritime authorities as saying. Up to five more Chinese ships were steaming towards the search zone from across the Indian Ocean, Xinhua reported.

Australian authorities said they had not asked for the ships to search the area. About two-thirds of the missing plane's passengers were Chinese nationals.

Studying satellites

There have been many false leads and no confirmed wreckage found from Flight MH370 since it vanished off Malaysia's east coast less than an hour after taking off.

There has also been criticism of the search operation and investigation, as more than two dozen countries scramble to overcome logistical and diplomatic hurdles.

Investigators piecing together patchy data from military radar and satellites believe that, minutes after its identifying transponder was switched off as it crossed the Gulf of Thailand, the plane turned sharply west, re-crossing the Malay Peninsula and following an established route towards India.

What happened next is unclear, but faint electronic "pings" picked up by one commercial satellite suggest the aircraft flew on for at least six hours.

A source with direct knowledge of the situation said that information gleaned from the pings had been passed to investigators within a few days, but it took Malaysia more than a week to narrow the search area to two large arcs - one reaching south to near where the potential debris was spotted, and a second crossing to the north into China and central Asia.

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News Network
June 22,2020

The Hague, Jun 22: Finding inner peace is crucial for the armed forces and yoga is a beautiful way to find the balance, Dutch Defence Minister Ank Bijleveld has said, thanking India for the "wonderful gift" to the world.

Yoga has been gaining global popularity in recent years for the many benefits it has on one's physiology, psychology and spirituality.

Bijleveld participated in the online International Yoga Day celebrations organised by the Indian Embassy here on Sunday.

"The minister thanked India for the wonderful gift of yoga to the world," a statement issued by the embassy said on Monday.

She said finding inner peace is crucial for a man and woman in uniform and yoga is a beautiful way to find the balance, it noted.

Bijleveld said yoga has formed a part of the training for the Dutch armed forces for the last 15 years and there are 130 yoga instructors.

The representatives of the Dutch Army joined by the Dutch Police personnel demonstrated their yoga skills as part of the online celebrations, the statement said.

The sixth International Yoga Day celebrations was streamed to 145,000 followers of the embassy's Facebook, Twitter, Instagram and YouTube channels as well as on its website. It was also streamed on the website of the non-profit foundation Stichting International Yoga Day.

Ambassador of India to The Netherlands Venu Rajamony inaugurated the celebrations. This was followed by Prime Minister Narendra Modi's video message and 3D animated videos of yoga with him.

The event was participated by a host of prominent Dutch and Indian personalities, including Ambassadors of various countries based in The Hague.

Dutch actress Afke Reijenga, extreme sportsman Wim Hof -- popularly known as 'The Iceman' and singers Charlie Dee and Anouk Maas were amongst the Dutch celebrities who participated in the event, the statement said.

Messages and artistic contributions by spiritual leader Sri Sri Ravi Shankar, internationally acclaimed flautist Pandit Hariprasad Chaurasia, violin maestro L Subramaniam, playback singers Kavita Krishnamurthy and Vijay Prakash, chess grandmaster Viswanathan Anand and film stars Raadhika, Sarathkumar and Bhumika Chawla featured in the programme.

Cricketer Suresh Raina, tennis stars Ramesh Krishnan and Rohan Bopanna, yoga guru and artist Bharat Thakur, Olympic ice skater Vishwaraj Jadeja and Michelin star chef Vikas Khanna also featured in the event.

The programme included a Kathak recital on 'Ayush' choreographed by Dutch choreographer Leo Spreksel and performed by eminent Kathak dancers Hari and Chetna with Sirisha.

It also showcased Hollywood and Bollywood celebrities who have made yoga a part of their lives.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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News Network
February 21,2020

Washington, Feb 21: US President Donald Trump has made yet another tall claim about the size of the crowd that will welcome him in Ahmedabad, saying Prime Minister Narendra Modi has told him that there will 10 million(1 crore) people to greet him on his arrival for his maiden visit to India.

President Trump and First Lady Melania are scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Speaking to reporters at the Joint Base Andrews in Maryland on Tuesday, Trump said that Modi told him that "we'll have 7 million people between the airport and the event."

"So it's going to be very exciting. But he says between the stadium and the airport, we'll have about 7 million people. So it's going to be very exciting. I hope you all enjoy it," he said.

On Thursday, Trump upped the crowd size by three million at a 'Keep America Great' rally in Colorado.

"I hear, they are going to have 10 million people. They say anywhere from six to 10 million people are going to be showing up along the route to one of the largest stadiums in the world, the largest cricket stadium in the world, which is brand new and beautiful," said Trump, who is seeking reelection in the November presidential polls.

But according to a top civic official in Ahmedabad, the total population of the city is only around 70 lakh.

The authorities believe that between one to two lakh people are expected to line up along the 22-km route of the road show by Modi and Trump from the airport to the Motera cricket stadium, said to be the world's largest.

"We believe that around one to two lakh people will gather to welcome the dignitaries during the road show," Ahmedabad Municipal Commissioner Vijay Nehra said on Thursday, contradicting the claims made by the US President.

As per the road show route plan, Trump and Modi will first reach the Sabarmati Ashram, a place closely associated with Mahatma Gandhi, from Ahmedabad airport.

Addressing his supporters, Trump spoke about his India visit and said the "Namaste Trump" rally in Ahmedabad would spoil him.

"Prime Minister Modi said, we will have 10 million people greet you. Here's my problem. We have a packed house. We have a lot of people, thousands of people that couldn't get in. It's going to look like peanuts from now on," he said.

"I'll never be satisfied with the crowd. If we have 10 million people in India, how can I be satisfied when we fill up like a 60,000-seat stadium? I am getting spoiled," Trump said.

One of Trump's supporters from the audience then suggested that he build a bigger stadium.

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