Heathrow united airlines

New York (CNN Business) United Airlines gave a $10 million deposit to a startup developing electric aircraft — all for the goal of shuttling customers to and from the airport by air rather than gridlocked roadways. It's not clear when or if the plan will come to fruition, as Archer, the company developing the electric air taxis, is still in the development phase. However, the company said Wednesday that's it's finishing the design of its production model. Archer estimates the first of its four-seater helicopters could be in operation by 2024. California-based Archer, which was founded in 2018, has raised nearly a billion dollars, according to analytics company Crunchbase . It refers to its aircraft as an eVTOL, or "electric vertical takeoff and landing" configuration. The company states they'll be able to travel up to 60 miles at up to 150 miles per hour. The aircraft is expected to lift off much like a helicopter, and it'll rotate its propellers from providing vertical to … [Read more...] about United Airlines puts $10 million behind plan to shuttle customers by electric aircraft

- A + A KUALA LUMPUR (Aug 11): MGB Bhd has bagged another housing contract in Dengkil, Selangor from a unit of its major shareholder LBS Bina Group Bhd. The latest contract, worth RM172.34 million, is for the development of two 24-storey blocks of affordable service apartments, said MGB in a Bursa Malaysia filing. It was awarded to its wholly owned unit MGB Construction & Engineering Sdn Bhd by Kita Sejati Sdn Bhd, a subsidiary of LBS Bina, and is scheduled to be completed by Nov 30, 2023. MGB said that with the contract in hand, the group’s current outstanding order book is about RM2.21 billion. In September 2021, MGB Construction & Engineering was awarded a RM112.5 million contract by another LBS Bina unit to build 605 units of single storey and 41 units of double storey terrace homes in Dengkil. Earlier, in February 2021, the MGB group had secured a contract worth RM442.81 million to construct affordable homes in Dengkil and Ijok, Selangor — from two … [Read more...] about MGB bags another housing contract from LBS unit worth RM172 mil

- A + A KUALA LUMPUR (Aug 11): D'nonce Technology Bhd is buying a loss-making self-adhesive labels manufacturing unit from Komarkcorp Bhd for RM9.1 million to diversify into labelling business. D'nonce said it will pay the amount via the issuance of 58.71 million new shares at 15.5 sen per share to Komarkcorp, which is also loss-making. Komarkcorp is estimated to own a 13.5% stake in D'nonce after the acquisition of Komark (Thailand) Co Ltd, which registered losses after tax and negative cash flow from operating activities for financial year ended April 30, 2020 (FY20), FY21 and the 11-month fiscal period ended March 31, 2022. D'nonce's current single largest shareholder is AT Systematization Bhd, which owned a 29.62% stake as of end-June. Meanwhile, Komarkcorp's single largest shareholder is Key Alliance Group Bhd, with a 21.19% stake as of end-June. In a stock exchange filing on Thursday (Aug 11), D'nonce said the diversification would be synergistic to expand … [Read more...] about D’nonce buys loss-making unit from Komarkcorp via share issuance

- A + A KUALA LUMPUR (Aug 11): Johor Corp Bhd (JCorp) is reported to have picked banks to arrange an initial public offering next year for its plantation unit, Kulim (Malaysia) Bhd, that could raise up to RM1 billion. The Johor government-owned group is working with advisers including RHB Bank Bhd, Affin Bank Bhd and AMMB Holdings Bhd on the listing, Bloomberg reported on Thursday (Aug 11), quoting unnamed sources with knowledge of the matter. CLSA Ltd and CIMB Group Holdings Bhd are also working on the planned share sale of Kulim and the operation could be valued at up to US$1 billion (RM4.45 billion) in the offering, the report said. Previously, The Edge Malaysia weekly had reported in its May 16-22, 2022 edition that JCorp is mulling a flotation of Kulim on Bursa Malaysia, to ride on strong crude palm oil prices, with RHB Investment Bank Bhd roped in for the listing. Spokesmen for Affin, AMMB, CIMB, CLSA and RHB declined to comment on the matter when contacted … [Read more...] about Johor Corp picks banks for plantation unit IPO

Representative image (Source: Reuters) At the edge of the Colombian Amazon, in an Indigenous village surrounded by oil rigs, the Siona people faced a dilemma. The United Nations Development Program, or UNDP, had just announced a $1.9 million regional aid package. In a village with no running water, intermittent electricity and persistent poverty, any money would mean food and opportunity. But the aid program was part of a partnership between the U.N. agency and GeoPark, the multinational petroleum company. The company holds contracts to drill near the Siona reservation, including one with the government that would expand operations onto what the Siona consider their ancestral land. To the Siona people on the Buenavista reservation, oil drilling is an assault, akin to draining blood from the earth. This collaboration is one example of how one of the world’s largest sustainable development organizations partners with polluters, even those that at times work against the … [Read more...] about In the Amazon, a UN agency has a green mission, but dirty partners

An Airbus A319-115 passenger bus veered off the runway during takeoff and caught fire in the Tibet region of China Thursday.  The crash sent black smoke billowing into the air and injured more than 36 passengers and aircrew. The Airbus A319-115, with 122 people aboard, left Chongqing for Nyingchi, in the Tibetan region of China, after leaving the city of Chongqing in the southwestern part of the country. In videos shared by state media, the aircraft’s left side appeared to be on fire as people headed away from the scene. Tibet Airlines said that the videos also showed fire trucks spraying water on the Airbus A319. Tibet Airlines reported that the accident occurred at 8:09 a.m. (0109 GMT). All 113 passengers and nine flight crew aboard the Airbus A319-115 jet were evacuated. Passengers injured evacuation the Airbus A319. According to the Civil Aviation Administration of China (CAAC), 36 people were injured during the evacuation. During the takeoff, the … [Read more...] about Fire on Airbus A319-115 Injures 36 Passengers in China

Glenn Chapman (Agence France-Presse) (The Jakarta Post) PREMIUM San Francisco, United States   ● Fri, August 12 2022 Facebook sparked outrage by complying with United States police probing an abortion case, boosting simmering fears the platform will be a tool for clamping down on the procedure. Criticism built after media reports revealed the social networking giant had turned over messages key to a mother being criminally charged with an abortion for her daughter. Advocates had warned of exactly this kind of thing after the US’ top court revoked the national right to abortion in late June, as big tech companies hold a trove of data on users locations and behavior. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about Fresh fears after Facebook’s role in US abortion case

Share to Twitter Share to Linkedin Growth in the number of Chinese students attending American universities has been helpful to domestic students and benefitted the U.S. economy. About a third of the more than one million international students in the U.S. are from China, and collectively, their contributions to the American economy represent around about $15 billion per year in export earnings. And though the American universities remain among the world’s best, the appeal of U.S. schools among the group is declining, according to John Quelch, dean of the University of Miami Herbert Business School and long-time business education leader in both the U.S. and China. “What we're seeing at the moment is softness in the enthusiasm of Chinese students and their parents to enroll in U.S. institutions,” Quelch said in an interview on the sidelines of the U.S.-China Business Forum held at Forbes on Fifth in New York on Tuesday. “Over the last decade, … [Read more...] about American Universities Are Losing Chinese Students To Rivals: U.S.-China Business Forum

- A + A KUALA LUMPUR (Aug 11): Bursa Malaysia rebounded from Wednesday's (Aug 10) losses to close broadly higher on Thursday, with the benchmark index breaching and staying above the 1,500-psychological level amid positive market sentiment across the region. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.23 points to end the day at its intraday high of 1,505.56 compared with Wednesday's close of 1,492.33, driven by continuous buying momentum in selected index-linked counters led by Press Metal Aluminium Holdings Bhd. The benchmark index opened 5.48 points better at 1,497.81 this morning and remained in positive territory throughout the session. Banking stocks were mostly upbeat, including CIMB Group Holdings Bhd, Malayan Banking Bhd (Maybank), Hong Leong Financial Group Bhd, Hong Leong Bank Bhd, Public Bank Bhd, and RHB Bank Bhd following slower-than-expected inflation data in the US which might provide some space for the Federal Reserve not to hike rates … [Read more...] about Bursa ends broadly higher, KLCI above 1,500 level

Kim Yo Jong said in a speech that the North Korean leader was “seriously ill” during his bout with fever, according to KCNA. - A + A (Aug 11): Kim Jong Un’s sister revealed that the North Korean leader suffered from a “high fever” during a recent Covid outbreak, as she vowed to “eradicate” South Korean authorities if they continued to tolerate propaganda leaflets the regime blames for spreading the virus. Repeating dubious claims that the pamphlets caused the recent Covid outbreak in the north, Kim Yo Jong blamed “South Korean puppets” for sending “dirty objects” across the border in leaflets carried by balloons, the official Korean Central News Agency reported Thursday. The revelation of her brother’s illness marked an unusual admission for a regime that rarely comments on the leader’s health — and then only to show that he shares the struggles of the people. Kim Yo Jong said in a speech that the North Korean leader was “seriously ill” during his bout with … [Read more...] about Kim Jong Un was ‘seriously ill’ in North Korea Covid-19 surge, sister says