34 dead in California boat tragedy

Agencies
September 4, 2019

Santa Barbara, Sept 4: Officials on Tuesday said that 34 people died after a boat packed with scuba divers caught fire near an island off the Southern California coast and they have called off search efforts for survivors.

The Coast Guard and law enforcement said no one has been found alive after flames tore through the dive boat early Monday as passengers on a recreational scuba diving trip slept below deck.

The Conception carried 33 passengers and six crew members, and only five of the crew sleeping on the top deck were able to escape by jumping off and taking a small boat to safety. Investigators have not yet determined how the fire broke out.

Santa Barbara County Bill Brown said the bodies of 20 victims have been recovered and divers have seen between four and six others in the sunken wreckage. He said authorities are trying to stabilize the boat that sank in about 60 feet (18 meters) of water so divers can recover those remains.

Most need to be identified by DNA analysis and officials are collecting samples from family members, Brown said.

One passenger, marine biologist and veteran diver Kristy Finstad, 41, was identified in a Facebook post by her brother, Brett Harmeling of Houston.

"Please pray for my sister Kristy!! She was leading a dive trip on this boat," Harmeling wrote.

The missing and dead were among 39 passengers and crew who had departed Santa Barbara Harbor on Saturday aboard the boat for a Labor Day weekend trip.

The fire broke out about 3 am Monday as the Conception was anchored off Santa Cruz Island, about 90 miles (145 kilometers) west of Los Angeles. The crew appeared to quickly call for help.

"The call was garbled, it was not that clear, but we were able to get some information out of it to send vessels," Coast Guard Petty Officer Mark Barney said.

Captain Paul Amaral of the vessel assistance company TowBoatUS also launched a fast boat from Ventura Harbor, but it was some 30 miles (48 kilometers) away. By the time it got there around 5 a.m., a Coast Guard helicopter and a fireboat were on scene.

Amaral said he first searched the water and shoreline, then turned back to the Conception, which was adrift. He attached a line and pulled it into deeper water so the fireboats could reach it.

"We launched that boat knowing that the vessel was on fire, lots of people aboard," he told The Associated Press.

The five crew members, meanwhile, went on a dinghy to a private fishing boat, The Grape Escape, that was anchored near the north shore of Santa Cruz Island. Two had minor injuries.

That boat's owners, Bob and Shirley Hansen, told The New York Times they were asleep when they heard pounding on the side of their 60-foot (18-meter) vessel about 3:30 a.m. and discovered the frightened crew members.

"When we looked out, the other boat was totally engulfed in flames, from stem to stern," Hansen said. "I could see the fire coming through holes on the side of the boat. There were these explosions every few beats. You can't prepare yourself for that. It was horrendous." Hansen said two of the crew members went back toward the Conception looking for survivors but found no one.

The 75-foot (23-meter) Conception was on a three-day excursion to the chain of rugged, wind-swept isles that form Channel Islands National Park in the Pacific Ocean west of Los Angeles. The fire broke out as the boat sat anchored in Platt's Harbor off Santa Cruz Island.

The Conception, based in Santa Barbara Harbor on the mainland, was owned by Santa Barbara-based Truth Aquatics, founded in 1974. A memorial outside Truth Aquatics in the Santa Barbara Harbor grew Monday night as mourners came to pay their respects.

Dave Reid, who runs an underwater camera manufacturing business with his wife, Terry Schuller, and has traveled on the Conception and two other boats in Truth Aquatics' fleet, said he considered all three among the best and safest.

"When you see the boats they are always immaculate," he said. "I wouldn't hesitate at all to go on one again. Of all the boat companies, that would be one of the ones I wouldn't think this would happen to." His wife said Truth Aquatics crews have always been meticulous in going over safety instructions at the beginning of every trip she's been on.

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News Network
January 8,2020

New Delhi, Jan 8: Iran will welcome any peace initiative by India for de-escalating its tensions with the US after the killing of Iranian military commander Qasem Soleimani, the Iranian envoy here said on Wednesday.

His comments come hours after Iran launched missile strikes against two US military bases in Iraq in retaliation to the killing of its top commander General Qassem Soleimani.

"India usually plays a very good role in (maintaining) peace in the world. At the same time, India belongs to this region. We welcome all initiatives from all countries, especially India as a good friend for us, to not allow escalation (of tensions)," Iranian Ambassador to India Ali Chegeni told reporters after a condolence meeting for Solemani at the country's embassy here.

"We are not for war, we are looking for peace and prosperity for everybody in this region. We welcome any Indian initiative or any project that can help peace and prosperity in this world," he said.

On the Iranian attack on US targets in Iraq, Chegeni said his country retaliated under its right to defend.

Amid spiralling US-Iran tensions over the killing of Soleimani, External Affairs Minister S Jaishankar on Sunday had a conversation with his Iranian counterpart Javad Zarif and US Secretary of State Mike Pompeo, voicing India's concerns over the escalation of tensions.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

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SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
May 27,2020

New Delhi, May 27: With 6,387 new coronavirus cases in the last 24 hours, India's count of COVID-19 rose to 1,51,767 on Wednesday, said the Union Ministry of Health and Family Welfare.

170 people have also died in the last 24 hours due to the infection.

Currently, there are 83,004 active cases while 64,425 COVID-19 positive patients have been cured/discharged and one has migrated. So far, a total of 4,337 deaths have taken place across the country.

Among all states, Maharashtra has the highest number of COVID-19 cases with 54,758. Tamil Nadu has 17,728 cases with Gujarat at 14,821 cases. The national capital has 14,465 reported cases of coronavirus.

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