Missing jet may have turned back,search widened to Andaman Sea

March 12, 2014

Andaman_Sea_copyKuala Lumpur, Mar 12: Authorities today said a missing Malaysian plane with 239 people aboard may have changed course before losing contact, as multinational search operations were widened to hundreds of kilometres from the original radius to cover the Andaman Sea.

"The RMAF does not rule out the possibility that the aircraft made turn-back before it disappeared from the radar and this is why the search and rescue operation had been widened to a larger area to include waters off Penang," Malaysia's Air Force (RMAF) chief General Rodzali Daud said.

"This resulted in the search and rescue operations being widened to the vicinity of the waters (off the west coast of Malaysia)," he said.

The Beijing-bound Boeing 777-200 plane had 227 passengers on board, including five Indians and one Indian-origin Canadian, and 12 crew members.

Rodzali denied a report that claimed he had confirmed that the missing Beijing-bound Malaysia Airlines flight MH370 had been last detected near Pulau Perak in the Straits of Malacca far from its flight path.

He said the report in the Malay-language daily Berita Harian yesterday was "incorrect".The paper reported that Rodzali had confirmed the Butterworth base had received a signal that the missing plane made a turn back Saturday towards Kota Bharu in Kelantan state before it entered the airspace above the northern and east coast of Peninsular Malaysia.

That location would have indicated that the plane had banked far to the west of its intended flight path over the South China Sea.

Search and rescue operations which had been mobilised since early Saturday morning have failed to find the jetliner in the South China Sea and authorities have expanded the area of search into the Andaman sea, officials said.

Authorities have put the plane's last known point of contact with air-traffic control off eastern Malaysia - roughly midway between Kota Bharu and the southern tip of Vietnam, flying at 35,000 feet.

The search for the missing plane entered the fifth day, as 34 planes, 40 ships and teams from ten countries are scouring the waters on the plane's flight path and beyond to find it.

Meanwhile, Vietnam has said it is scaling back search operations in its waters.

"We've decided to temporarily suspend some search and rescue activities, pending information from Malaysia," deputy minister of transport Pham Quy Tieu said, adding that boats were still searching the area.

Malaysian Prime Minister Najib Razak today said authorities are making all out efforts to find the missing plane and called on people to be united in prayer for their success.

"We must face this great challenge from Allah calmly, we must try our level best, with all the resources and strength that we have. This is what the government is doing," Najib was quoted by New Straits Times as saying.

"We should join the efforts of the government, be united and pray. We must give our support, and inshallah (God willing) what we pray for is some information that can finally lead us to the discovery of the aircraft soon," he said.

"The Boeing 777 is actually among the most sophisticated aircraft with very good track record. We have all the experience in handling the aircraft, but eventually we have to accept that we are normal human beings who are weak and small, to Allah we submit," he added.

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News Network
February 1,2020

Washington, Feb 1: The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

"The Indian economy indeed has experienced an abrupt slowdown in 2019. We had to revise our growth projections, downwards to four percent for last year. We are expecting 5.8 per cent (growth rate) in 2020 and then an upward trajectory to 6.5 percent in 2021," Georgieva told a group of foreign journalists here on Friday.

"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," she said on the eve of Union Finance Minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

She said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

"For example, coming with the unified tax system, and the demonetisation that took place. These are steps that over time are beneficial, but of course they might, might be somewhat disruptive over short term," Georgieva said in response to a question.

The International Monetary Fund (IMF) Managing Director said that there is not a lot of fiscal space in India. “But we also recognise that the policies of the government on that side, on the fiscal side have been prudent. We will see how the reading of the budget, the submission of the budget goes, tomorrow,” she said.

In the medium-term, she said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.

Georgieva said that the current economic slowdown cannot be described as a recession. "No.... You're far from that. But it is a significant slowdown, not the recession," she said.

The IMF managing Director noted that the consumption in India also slowed down and that contributed to the overall slowdown in the economy. The IMF would be keen to see what India does to get relatively sound macroeconomic fundamentals to pay off in terms of better growth trajectory, she said ahead of the budget.

One thing that is important for India is that budgetary revenue have been below target. "The country knows that. The finance minister knows it. They need to increase budgetary revenue collection so they can improve their fiscal position. I said it's tight on the spending side, but I also want to stress that there is room to improve collection on the revenue side," she said.

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Agencies
June 22,2020

The total number of global COVID-19 cases was nearing 9 million, while the deaths have increased to over 467,000, according to the Johns Hopkins University.

By Monday morning, the total number of cases stood at 8,927,195, while the fatalities increased to 467,636, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

With 2,279,306 cases and 119,967 deaths, the US continues with the world's highest number of COVID-19 infections and fatalities, according to the CSSE.

Brazil comes in the second place with 1,083,341 infections and 50,591 deaths.

In terms of cases, Russia ranks third (583,879), and was followed by India (410,461), the UK (305,803), Peru (251,338), Spain (246,272), Chile (242,355), Italy (238,499), Iran (204,952), France (197,008), Germany (191,272), Turkey (187,685), Mexico (180,545), Pakistan (176,617), Saudi Arabia (157,612), Bangladesh (112,306) and Canada (103,078), the CSSE figures showed.

The other countries with over 10,000 deaths are the UK (42,717), Italy (34,634), France (29,643), Spain (28,323), Mexico (21,825) and India (13,254).

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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