TOKYO:  , Princess Mikasa, the oldest member of Japan’s royal family and great aunt to the emperor, died aged 101 on Friday ( Nov 15 ) in a Tokyo hospital, the Imperial Household Agency said. She had been recovering that after receiving treatment in intensive care after being hospitalized sinceContinue Reading
When Airlines halted flights on Wednesday ( Nov 13 ) after a nearby volcano erupted, causing a 9 km ash tower to fall into the sky, hundreds of travelers were stranded or had their Bali vacations cancelled.
The next day, however, many flights were quick to resume airlines to the Indonesian vacation place, with some providers noting “improved” conditions.
Volcanic dust contains great ash and strong glass-like particles. That can seriously harm a jet engine and possibly cause it to malfunction.
Air is drawn in by aircraft engines, compressed, mixed with energy, and ignited. High-pressure exhaust gases are produced by this method, which propel the aircraft and the engine forward.
To function effectively, motors rely on a specific balance of gas and airflow. Disrupting this air, as geological dust does, may create problems.
Aviation security consultant Michael Daniel told CNA that in the worst-case situation, the abrasiveness of volcanic dust on the website swords can cause an motor “flame-out”, or stoppage.
And indeed, he continued, there have been instances where engines blew up as a result of flying through clouds of volcanic ash.
Flame-outs, among others, can result in lower force, engine, and altitude drops.
Moreover, the high temperature inside the motor also melt the volcanic cup in the ashes, causing it to adhere to and jam engine parts,  , according to the UK Civil Aviation Authority.
Meanwhile, the International Civil Aviation Organization ( ICAO ) reported in a publication that volcanic ash can block plane sensors, leading to inaccurate airspeed predictions and errors.
Windscreens may become partially or completely opaque, which causes an immediate presence risk, and yet pollute the cabin air.
APEC, created in 1989 with the goal of regional trade liberalisation, brings up 21 economies that simultaneously reflect about 60 per cent of , world , GDP and over 40 per cent of global business. On Thursday,  , APEC , officials,  , including , US Secretary of State Antony Blinken, held their own conferenceContinue Reading
“CRIMINALS AND DRUGS” China is a supporter of North Korean and Russian allies in the West, and it is expanding its military arsenal while putting strain on Taiwan, which it claims is a part of its own place. Through its Belt and Road Initiative, which includes jobs like infrastructure, equipment,Continue Reading
TEHRAN:  , An Egyptian court sentenced six men to death for killing a military force part during 2022 protests over a Kurdish person’s suicide in custody, Fars news agency reported. In November 2022, Arman Aliverdi, a part of the Basij charity militia affiliated with the Revolutionary Guards, was stabbed inContinue Reading
KUALA LUMPUR:  , Malaysia’s religious affairs authority on Thursday ( Nov 14 ) accused a conglomerate under investigation for child abuse and money laundering of deploying “elements of slavery” in the way it operates its businesses. Nooh Gadot, a representative from the National Council for Islamic Religious Affairs, cited thisContinue Reading
A wooden walkway leading to a well-known suspension bridge collapsed on Wednesday ( Nov 13 ) in Taiwan, killing an elderly tourist and injuring four others. The 3 m-high beachfront reportedly collapsed as the subjects of the popular tourist attraction in Chiayi’s Alishan Township, Fumei Suspension Bridge, gathered for aContinue Reading
A man was given a 23-year and 10-month prison sentence by Hong Kong’s high court on Thursday ( Nov. 14 ) for being the mastermind of an alleged plot to bomb police with explosives during the city’s anti-China protests in 2019. Ng Chi-hung, 28, was accused of using explosives andContinue Reading
According to local media outlet The Star, Mr. Amir told Parliament that venture capital is important in promoting economic growth and facilitating Malaysia’s transition to high-income position through innovation and sustainable development despite its great danger and uncertain future.
” Khazanah’s funding in FashionValet was made seven years ago and since then, there has been an reform in Khazanah’s investment strategy and the process of choosing purchases has also been tightened, including start-ups and walk capital”, he said.  ,
Having said that, Mr. Amir brought up a number of “unexpected” elements in order to raise money, including the COVID-19 pandemic impact and cash flow problems.  ,
The crisis had ultimately resulted in the closing of FashionValet’s real shops and a substantial decline in demand for its superior clothes.  ,
According to Mr. Amir,” the Movement Control Order (MCO ) during COVID-19 significantly hampered these operations and decreased the demand for premium products,” referring to the number of national quarantine measures put in place by the then-Malaysian government in response to the pandemic.  ,
A change in e-commerce trends, especially the rise of local clothing brands in the reasonable fashion industry, was the next factor Mr. Amir highlighted. These companies have tapped separate e-commerce and visible Facebook platforms, putting them in direct competition for FashionValet, which was founded in 2010 as an e-commerce platform for independent fashion labels to expand their reach.  ,
According to news outlet Berita Harian, he was quoted as saying,” The shift forced FashionValet to shut down its platform and instead focused on its own brands, dUCK and LILIT.”  ,
Finally, Mr. Amir claimed that FashionValet’s struggled with money flow boundaries was another issue. Despite the company’s desire for new funding, existing owners, such as Khazanah and PNB, were reluctant to raise their investments because of the dangers involved.
But, Mr. Amir emphasized that both Khazanah and PNB, both of whom were minority shareholders in the company, had taken proactive steps to help FashionValet by providing financial advice and proper guidance.  ,
FashionValet’s attempts to secure new funding were even hampered by the challenging funding setting at the time.
He was quoted by The Star as saying that FashionValet urgently needed funds from new investors to keep its business running and address cash flow issues.” They did not receive numerous offers from new investors,” he was quoted as saying.  ,
The secretary added that both Khazanah and PNB had acknowledged that FashionValet’s results had fallen short of forecasts. However, the government plans to evaluate the management process to improve the administration of government-linked businesses in Malaysia.  ,
According to Mr. Amir,” Khazanah and PNB must be given time to complete their review and the last findings will help increase governance without the concerned GLICs,” in reference to government-linked investment companies.
He added that the government may continue to put a lot of focus on controlling how much money goes to the public.
The FashionValet owners, Ms. Vivy and Fadzaruddin, have apologised for the losses and made their resignations from their respective positions as creative chairman and chief executive officer on November 1. They came under scrutiny for their lavish life despite the loss of the business.  ,
The couple’s claims to the MACC have been recorded by graft-busters for the seventh day, according to Bernama’s regional news agency.  ,
On November 6, MACC freezing several of the child’s personal and business bank accounts, which totaled about RM1.1 million.
NEW Challenges Police said preliminary investigations showed the culprit of Monday’s frenzy was a 62-year-old person “dissatisfied” with a marriage settlement. In other cases, a middle-aged man used a razor and weapons to kill at least 21 people in eastern Shandong province in February, and a 55-year-old person rammed aContinue Reading