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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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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Agencies
August 7,2020

Russia boasts that it's about to become the first country to approve a Covid-19 vaccine, with mass vaccinations planned as early as October using shots that are yet to complete clinical trials -- and scientists worldwide are sounding the alarm that the headlong rush could backfire.

Moscow sees a Sputnik-like propaganda victory, recalling the Soviet Union's launch of the world's first satellite in 1957.

But the experimental Covid-19 shots began first-in-human testing on a few dozen people less than two months ago, and there's no published scientific evidence yet backing Russia's late entry to the global vaccine race, much less explaining why it should be considered a front-runner.

“I'm worried that Russia is cutting corners so that the vaccine that will come out may be not just ineffective, but also unsafe,” said Lawrence Gostin, a global public health law expert at Georgetown University. “It doesn't work that way... Trials come first. That's really important.”

According to Kirill Dmitriev, head of Russia's Direct Investment Fund that bankrolled the effort, a vaccine developed by the Gamaleya research institute in Moscow may be approved in days, before scientists complete what's called a Phase 3 study.

That final-stage study, usually involving tens of thousands of people, is the only way to prove if an experimental vaccine is safe and really works.

Health Minister Mikhail Murashko said members of “risk groups,” such as medical workers, may be offered the vaccine this month.

He didn't clarify whether they would be part of the Phase 3 study that is said to be completed after the vaccine receives “conditional approval.”

Deputy Prime Minister Tatyana Golikova promised to start “industrial production” in September, and Murashko said mass vaccination may begin as early as October.

Dr Anthony Fauci, the top US infectious disease specialist, questioned the fast-track approach last week.

“I do hope that the Chinese and the Russians are actually testing a vaccine before they are administering the vaccine to anyone, because claims of having a vaccine ready to distribute before you do testing I think is problematic at best," he said.

Questions about this vaccine candidate come after the US, Britain and Canada last month accused Russia of using hackers to steal vaccine research from Western labs.

Delivering a vaccine first is a matter of national prestige for the Kremlin as it tries to assert the image of Russia as a global power capable of competing with the US and China.

The notion of being “the first in the world” dominated state news coverage of the effort, with government officials praising reports of the first-step testing.

In April, President Vladimir Putin ordered state officials to shorten the time of clinical trials for a variety of drugs, including potential coronavirus vaccines.

According to Russia's Association of Clinical Trials Organizations, the order set “an unattainable bar” for scientists who, as a result, "joined in on the mad race, hoping to please those at power.”

The association first raised concern in late May, when professor Alexander Gintsburg, head of the Gamaleya institute, said he and other researchers tried the vaccine on themselves.

The move was a “crude violation of the very foundations of clinical research, Russian law and universally accepted international regulations" the group said in an open letter to the government, urging scientists and health officials to adhere to clinical research standards.

But a month later, the Health Ministry authorized clinical trials of the Gamaleya product, with what appeared to be another ethical issue.

Human studies started June 17 among 76 volunteers. Half were injected with a vaccine in liquid form and the other half with a vaccine that came as soluble powder.

Some in the first half were recruited from the military, which raised concerns that servicemen may have been pressured to participate.

Some experts said their desire to perform well would affect the findings. “It's no coincidence media reports we see about the trials among the military said no one had any side effects, while the (other group) reported some," said Vasily Vlassov, a public health expert with Moscow's Higher School of Economics.

As the trials were declared completed and looming regulatory approval was announced last week, questions arose about the vaccine's safety and effectiveness.

Government assurances the drug produced the desired immune response and caused no significant side effects were hardly convincing without published scientific data describing the findings.

The World Health Organization said all vaccine candidates should go through full stages of testing before being rolled out.

“There are established practices and there are guidelines out,” WHO spokesman Christian Lindmeier said Tuesday.

“Between finding or having a clue of maybe having a vaccine that works, and having gone through all the stages, is a big difference.”

Offering an unsafe compound to medical workers on the front lines of the outbreak could make things worse, Georgetown's Gostin said, adding: “What if the vaccine started killing them or making them very ill?”

Vaccines that are not properly tested can cause harm in many ways — from a negative impact on health to creating a false sense of security or undermining trust in vaccinations, said Thomas Bollyky, director of the global health program at the Council on Foreign Relations. 

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News Network
July 1,2020

Tehran, Jul 1 As many as 19 people have been killed in an explosion and fire at a medical facility in Tehran.

A total of 19 people, including 15 men and 4 women, were killed in the explosion, the emergency services confirmed, RT reported citing KhabarOnline website.

According to a regional official, a gas leak caused the incident. Sputnik quoted a deputy head of Tehran police as saying to YJC news outlet that oxygen tanks exploded in the semi-basement of the clinic.

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