Latest News
-
Bangladesh steps up security, arrests 6 for lawyer's killing amid protests
Bangladesh stepped up security in the port city of Chittagong on Wednesday as authorities jailed 6 people in connection with the murder of a lawyer, who was killed during clashes following the arrest of a leader of the country's Hindu minority. The Hindu leader, Chinmoy Krishna Das, connected with the International Society for Krishna Consciousness, was jailed at Dhaka airport on Monday on numerous charges, consisting of sedition. His arrest triggered prevalent demonstrations in Dhaka and Chittagong, where his supporters clashed with security forces. A Muslim lawyer was eliminated amid protests outside the court in Chittagong, police stated. The 6 suspects were determined through video footage, according to a statement from the interim government's press office. Police also detained 21 others for vandalism and attacking law enforcement officer during the discontent on Tuesday. Among those detained were six members of the Awami League, the celebration of previous Prime Minister Sheikh Hasina, who police stated were discovered in possession of homemade, improvised dynamites. The interim government, which was established after Hasina gotten away to India in August following fatal protests, has actually purchased an examination into the lawyer's killing and called for increased security in Chittagong. Das, who deals with sedition charges for apparently disrespecting Bangladesh's national flag during a rally in October, was rejected bail by a Chittagong court on Tuesday. Hindu-majority neighbour India condemned Das's arrest, expressing concern over attacks on Hindus and other minorities in Bangladesh. New Delhi urged that those accountable for the violence against minorities be brought to justice. In reaction, Bangladesh's foreign ministry said that the government does not interfere in the judiciary's work, and the matter was being dealt with by a law court.
-
Flights grounded, power cut as record November snowfall strikes Seoul
South Korea's capital was blanketed on Wednesday by the heaviest snowfall in Seoul throughout November on record, with bad weather condition snarling traffic, knocking out power and grounding numerous flights as authorities braced for more snow in coming days. A minimum of two people were reported killed in traffic mishaps on highways east of the capital, while falling debris from structures and construction websites due to strong winds injured some pedestrians in Seoul, media reports said. Cooler air relocating from the northwest turned rain into snow overnight, leaving 18 cm (7.1 inches) on the ground by 3 p.m., marking the most significant fall considering that records began being kept in 1907, the weather condition company stated. The Interior Ministry upgraded its catastrophe reaction stating up to 5 cm an hour of snow was forecast through Thursday early morning, alerting the wet snow had a high concentration of wetness, adding to the threat of damage to facilities and property. More than 200 flights were cancelled or postponed, the majority of them domestic as airports across the country experienced serious weather, which likewise included strong wind, and at least 70 ferries serving islands were suspended. Power was cut for countless families in a number of locations of Seoul and the central region as electricity lines were damaged by falling trees and snow-related causes, news reports stated.
-
India's Welspun One raises Mumbai warehouse financial investment to satisfy cargo demand
India's Welspun One said on Wednesday it will invest an additional 20 billion rupees ($ 237.3 million). to broaden its Mumbai storage facility, intending to capitalize on strong. freight movement as more business set up manufacturing bases in. the nation. Warehouse developers such as Welspun One are seeing a rise. in demand as business purchase India's economic development and. seek to diversify supply chains beyond China. The facility situated in an unique economic zone beside. Jawaharlal Nehru Port - India's biggest container port by. throughput - will cover 4.45 million square feet after. growth. This is approximately the size of 60 football fields and about. four times larger than at first prepared. The project, which will produce 5,000 tasks, follows Welspun. One's financial investment of 7 billion rupees in the storage facility last. December, with growth now underway to fulfill the growing. export-import need at the Jawaharlal Nehru Port. Strong financial development in Asia's third-largest economy,. together with steady domestic consumption, has actually kept freight movement. in and out of India robust. Welspun One has 11 jobs across the nation, and three in. the western state of Maharashtra. The business intends to manage $1. billion worth of properties by 2025-end, up from the existing $854. million. Last month, warehouse designer IndoSpace stated it would. increase its financial investments in the southern state of Tamil Nadu by. 41% over the next three years to satisfy the strong demand. India's warehousing market is forecasted to go beyond $37. billion by 2032, up from $16.4 billion in 2023, according to. speaking with company IMARC Group. ($ 1 = 84.2690 Indian rupees)
-
Air France-KLM in speak with take a 20% stake in Air Europa, El Economista states
FrancoDutch airline group Air FranceKLM is in speak to take a 20% stake in Spanish airline Air Europa, paper El Economista stated on Wednesday, pointing out unknown sources. The price of the stake would be higher than the 100 million euros ($ 104.97 million) paid by British Airways owner IAG for a similar stake, the paper said. Air Europa, owned by Spanish family group Globalia, is thinking about raising cash through a capital boost. Back in August, IAG dropped its strategy to take control of Air Europa after European anti-trust watchdog said the treatments offered by AIG were not enough. Inquired about the paper report, Air France-KLM said discussions on commercial cooperation with Air Europa are underway, within the framework on the SkyTeam alliance, however did not discuss the acquisition of a stake in the Spanish airline. Air Europa and Globalia did not immediately react to ask for comment.
-
EasyJet reports weaker-than-expected yearly earnings
EasyJet said on Wednesday that it anticipates its capability to increase by 3% in financial 2025 after reporting a smallerthanexpected yearly running earnings due to disturbances from the ongoing chaos in the Middle East. The airline reported an operating earnings of 597 million pounds ($ 750.5 million) for the year ended Sept. 30, compared to 625.6 million pounds expected by analysts, according to an LSEG-compiled survey. Nevertheless, its reported operating profit is 25% higher than a. year earlier. For the present fiscal year ending September 2025, the. airline company expects capacity of about 103 million seats and holiday. consumers to grow by about 25% from last year. The airline will continue to grow, particularly on popular. longer leisure routes like North Africa and the Canaries and we. plan to take 25% more clients away on plan holidays, CEO. designate Kenton Jarvis, who is changing Johan Lundgren next. year, stated in a statement.
-
Australia's Northern Territory queries Chinese operator of Darwin Port over financial resources
Australia's Northern Territory federal government said on Wednesday it has composed to Chinese business Landbridge, operator of Darwin Port, about its financial obligations and will talk about the future of the port with the federal government. Landbridge has a 99-year lease on the commercial port in Australia's northern city, Darwin, which also hosts a rotating force of 2,000 U.S. Militaries and Australian flying force and naval bases that have actually become crucial to Australia's defence technique. Northern Territory Treasurer Costs Yan stated the government had actually written to Landbridge seeking additional info about their monetary status, and capability to fulfill their payment commitments. This info would guide the federal government's next steps on the operation of the port, he added. Darwin Port stated its parent business was offloading assets in China to avoid offering the port. Darwin Port stays a key asset of the group, noting its current performance, continued strong growth potential customers as a. entrance to Asia, and its favorable contribution and engagement. with the regional economy, non-executive director Terry O'Connor. stated in a statement. Yan will go over the matter with Infrastructure Minister. Catherine King, in the capital, Canberra, on Thursday. The Northern Territory is evaluating our rights, and our. future action will be made in the very best interests of. Territorians, he said. The awarding of the port agreement to Landbridge in 2015 in a. A$ 506 million ($ 390 million) offer came a few years after the. United States published the first of a rotating group of U.S. Marines in Darwin, and was criticised by the administration of. then-President Barack Obama. The size and scope of U.S. military rotations through. northern Australia, and the tactical value of northern. bases, has actually been enhanced after an Australian defence evaluation last. year said China was carrying out the biggest military accumulation of. any nation since completion of World War Two.
-
Taiwan's MFIG purchases about 65,000 T corn from U.S., traders state
Taiwan's MFIG getting group bought about 65,000 metric tons of animal feed corn expected to be sourced from the United States in an international tender on Wednesday, European traders said. Seller was thought to be trading house ADM. The yellow corn was purchased at an approximated premium of 164.05 U.S. cents a bushel cost and freight (c&& f) consisted of over the Chicago Board of Trade May corn contract, they stated. Delivery was sought in 2025 between Feb. 4 and Feb. 23, if the corn is sourced from the U.S. Gulf, Brazil or Argentina, traders said. If sourced from the U.S. Pacific Northwest coast or South Africa, delivery was looked for in between Feb. 19 and March 10. U.S. corn dominated the tender, with 11 other trading houses likewise providing U.S. corn at premiums over Chicago varying from 172.00 to 183.00 cents c&& f, they stated. One offer for 65,000 lots from Argentina was stated to have actually been submitted by Viterra at a premium of 210.44 cents over Chicago. No deals were reported for Brazilian or South African corn. Reports show evaluations from traders and even more price quotes of prices and volumes are still possible later.
-
Indian parliament suspended again in row over U.S. accusations against Adani
India's lower home of parliament suspended proceedings for a 2nd day on Wednesday after disturbance by legislators requiring a conversation of U.S. allegations of bribery and scams versus the portstopower Adani Group. Gautam Adani, the billionaire creator of the conglomerate, his nephew Sagar Adani and six others have actually been charged for their declared roles in a $265-million plan to bribe Indian officials to win solar power supply handle five regions. The Adani Group has actually rejected the charges as baseless and swore to look for all possible legal option. Indian opposition parties, specifically the Congress, have implicated Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) of protecting Adani and obstructing examinations versus him in India. They deny the allegations. Parliament procedures were interrupted for the second day since the winter session began today, with members shouting slogans and demanding discussion of the Adani allegations. Congress leader Rahul Gandhi, who has actually been a singing critic of Adani, said Gautam Adani ought to be arrested. The gentleman has been indicted in the United States ... and the federal government is securing him, Gandhi told press reporters outside parliament. The federal government has actually made no talk about the indictment but the ruling BJP has actually distanced itself from the controversy. The BJP had no reason to safeguard Gautam Adani, a representative stated on Tuesday. Let him protect himself, said the spokesperson, Gopal Krishna Agarwal. We are not against industrialists. We think about them as partners in nation-building. However the law will take its own course if they do something wrong.
Singapore Post in special talks for Australia service sale
Singapore Post Ltd stated on Tuesday it remained in unique talks with a 3rd party for a. possible sale of its Australia company, while mentioning that no. conclusive offer has actually been reached.
The business's Australia sector consists of fourth-party. logistics services, third-party logistics solutions consisting of. transportation and circulation, and last-mile courier shipment,. along with warehousing services.
Singapore Post had started a restructuring procedure in. May 2023, in a bid to revive capital returns to. investors.
The business boosted its Australian presence in 2021 by. increasing its stake in Freight Management Holdings, a last-mile. parcel shipment service.
Continuing its expansion over the next three years, the. Alibaba-backed business significantly obtained Border Express, a pallet. and parcel distribution operator, for A$ 210 million in November,. even more strengthening its position in the Australian logistics. market.
Singapore Post's Australian organization had published a profits of. S$ 574.8 million ($ 426.9 million) in the half year ending Sept. 30, up from S$ 398.8 mln a year earlier.
Shares of the company, which has actually gained over 15% so far this. year, closed 0.9% greater at S$ 0.555 as of 1139 GMT.
(source: Reuters)