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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Investment From Chinese Groups Rushes to Jeju

Category : World News

China’s Landing Investment Group to Make Large Scale Investment in Jeju’s Myth and History Theme Park

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Downdraft theory in Lion Air crash

Category : Business

Investigators consider whether powerful ‘wind shear’ or ‘microburst’ caused Bali crash in which all 108 on board survived

The Lion Air pilot whose jet fell into the sea while trying to land in Bali has reportedly described how he felt it “dragged” out of its trajectory and into the water. Investigators are considering whether a powerful downdraft of wind caused the crash in which all 108 passengers and crew survived despite the Boeing 737 cracking in half on impact.

The newly built plane undershot the tourist island’s main airport runway in Denpasar and belly-flopped in water on Saturday. Authorities from Indonesia, the US and Boeing are investigating.

Initial debriefings, witness comments and weather reports have focused attention on the possibility of “wind shear” or a downdraft from storm clouds known as a “microburst”. Experts say such violent and unpredictable gusts are rare but can leave even the most modern jet helpless if they are stronger than the plane’s ability to fly out of trouble – with the critical moments before landing among the most vulnerable.

“If you have a downdraft which exceeds the performance of the plane, then even if you put on full thrust you will go downhill and you can’t climb out,” said Hugh Dibley, a former British Airways captain and expert on loss-of-control events.

The cause of the crash has potential implications for the reputation of one of the world’s fastest-growing airlines, which is fighting to be removed from a European Union safety blacklist just as it buys record volumes of Airbus and Boeing jets.

According to initial pilot debriefings, details of which have been described to the Reuters news agency, flight JT-904 was on an eastwards approach to Bali’s Ngurah Rai airport at mid-afternoon on Saturday following a normal flight from Bandung, West Java.

The co-pilot, an Indian national with 2,000 hours of relevant flying experience, was in charge for the domestic trip, which was scheduled to last one hour and 40 minutes.

As the Lion Air plane was coming in to land, with an aircraft of national carrier Garuda following behind and another about to take off on the runway just ahead, the co-pilot lost sight of the runway as heavy rain drove across the windshield. The captain, an Indonesian citizen with about 15,000 hours’ experience and an instructor’s licence, took the controls.

Between 122 metres and 61 metres altitude (400-200ft) pilots described flying through a wall of water, according to the source. Bursts of heavy rainfall and lost visibility are not uncommon in the tropics but the aircraft’s low altitude meant the crew had little time to react.

With no sight of the runway lights or markings the captain decided to abort the landing and perform a “go around”, a routine manoeuvre for which all pilots are well trained. But the captain told officials afterwards that instead of climbing the 737 started to sink uncontrollably and their well-practised routines unravelled quickly.

“The captain says he intended to go around but that he felt the aircraft dragged down by the wind; that is why he hit the sea,” said the source, who was briefed on the crew’s testimony. “There was rain coming east to west; very heavy,” the source said, asking not to be named because no one is authorised to speak publicly about the investigation while it is under way.

A passenger on board the jet painted a similar picture of an aircraft getting into difficulty only at the last minute. “There was no sign at all it would fall but then suddenly it dropped into the water,” Tantri Widiastuti, 60, told Metro TV.

Lion Air declined to comment on the cause of the crash.

According to the Flight Safety Foundation, bulletins for pilots at around that time indicated a few storm clouds at 518 metres (1,700ft) and a wind blowing moderately but varying in its direction from east-south-east to the west.

The aircraft itself was delivered in February and there had been only one technical problem: a landing light that had to be replaced.

According to Boeing, the 737-800, its most popular current model, is equipped with a system that detects wind shear ahead and warns the pilot audibly to go around.

787 emergency landing: Japan grounds entire Boeing Dreamliner fleet

Category : Business

Plane makes emergency landing at Takamatsu airport, western Japan, in latest safety scare for troubled new aircraft

Japan’s largest airline, ANA, and its competitor JAL have each grounded their entire fleet of Boeing 787 Dreamliners after an emergency landing due to a smoke alarm in the cockpit – the most dramatic of a spate of incidents involving the troubled aircraft over the past week and since its inception.

All Nippon Airways said the plane’s eight crew and all 129 passengers had evacuated safely on inflatable slides. Instruments in the cockpit indicated there had been a battery malfunction and the pilot had noticed a strange smell.

ANA said the plane diverted to Takamatsu, western Japan, at 8.45am on Wednesday. It had been bound for Haneda airport in Tokyo.

A spokesman for the Osaka airport authority said the plane had left Yamaguchi at 8am and made the emergency landing after the smoke alert.

The incident is certain to rock global airlines’ confidence in the new aircraft, which went into commercial service just over a year ago after a three-year delay caused by design and production problems. 

In the aftermath of the emergency landing, both ANA and JAL said they were grounding all their Dreamliners until satisfied they are safe to fly. The incidents have caused particular concern in Japan, the Dreamliner’s biggest market, with ANA and Japan Airlines (JAL) flying 24 of the 50 planes to have rolled off the production line so far.

ANA is the biggest operator of the 787 in the world so far, having taken delivery of 17 aircraft including the first one flown commercially.

The aircraft has been hit by half a dozen incidents in the past week, including two fuel leaks, a battery fire, a wiring problem, a brake computer fault and a cracked cockpit window. Before that there had been engine failures during testing and in one case a Dreamliner cargo plane was forced to cancel takeoff when one of its General Electric turbines lost power.

US aviation officials say the aircraft is safe and it is not unusual for new models to experience minor mishaps, but the recent incidents have inevitably raised questions over the Dreamliner’s safety. More than 800 Dreamliners have been ordered by airlines around the world.

The aircraft was supposed to have heralded a new era in commercial flight. Boeing officials say the plane, which is made of carbon fibre and other lightweight materials, is 20% more fuel-efficient than conventional airliners and 30% cheaper to maintain, and features design improvements for more comfortable medium and long-haul flights.

Boeing spokesman Marc Birtel told Reuters: “We’ve seen the reports, we’re aware of the events and are working with our customer.” 

On Tuesday Japan’s transport ministry said it was launching an investigation into the cause of two fuel leaks on a JAL Dreamliner. That came after US transport authorities and Boeing started a joint investigation into the aircraft’s manufacturing, design and assembly.

“Looking at this from the point of view of average citizens, having these sort of incidents occur seemingly day after day, one could become very uneasy,” Akihiro Ota, Japan’s transport minister, told reporters.

“We plan to look into the scale of these accidents and what the overall situation is. We will convey the message to those who operate [the plane] that it is absolutely necessary to be safe.”

Passengers evacuate 787 Dreamliner after emergency landing – video

Category : Business

Passenger video shows people on board an All Nippon Airways flight heading for the exits, down the emergency slides and away across the tarmac after the dramatic emergency landing of a Boeing Dreamliner in Japan

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More trouble for Boeing as Dreamliner forced to make emergency landing

Category : Business, Stocks

A Boeing 787 Dreamliner operated by All Nippon Airways was forced to make an emergency landing Wednesday in Japan.

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Japan emergency hits Dreamliners

Category : Business, World News

Japan’s two main airlines ground their Boeing 787 Dreamliners after one was forced to make an emergency landing because of battery problems.

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Harper Government Supports Nova Scotia Communities in Fight Against Crime

Category : World News

PICTOU LANDING FIRST NATION, NOVA SCOTIA–(Marketwire – Dec. 15, 2012) - Today, on behalf of the Honourable Vic Toews, Canada’s Minister of Public Safety, the Honourable Peter MacKay, Minister of National Defence, Regional Minister for Nova Scotia and Member of Parliament for Central Nova, announced today that support has been extended for the successful crime prevention program, Project Venture, run by the Mi’kmaw Legal Support Network.

Read more: Harper Government Supports Nova Scotia Communities in Fight Against Crime

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Santa gets his beard stuck and other zipwire disasters

Category : Business

First it was Richard Branson, then it was Boris Johnson. Now none other than Father Christmas has joined the ranks of public figures whose capers have ended in embarrassment

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When poor Santa got his beard stuck on a zipwire this week, he became the latest in a niche line of public figures to get caught up in an embarrassing abseiling or zipping malfunction. Santa had flown in to switch on the Christmas lights at a shopping centre in Reading. Earlier this year, of course, Boris Johnson dangled above ground while promoting a zipwire in London’s Victoria Park. And before that – perhaps the father of all abseiling accidents – Richard Branson zipped down from the top of a Las

Japan activists land, raise flags on disputed isle – The Associated Press

Category : Stocks

Sydney Morning Herald
Japan activists land, raise flags on disputed isle
The Associated Press
SENKAKU ISLANDS, Japan (AP) — Japanese activists swam ashore and raised flags Sunday on an island claimed by both Japan and China, fanning an escalating territorial dispute between the two Asian powers. Some 10 activists made an unauthorized landing on
Japanese activists land on Diaoyu IslandsXinhua
Protests build in China over Japan island rowAFP
Japan, China islands disputes deepen with landings, protestsReuters India

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Japan to Deport 14 Chinese Arrested for Disputed Island Landing – Businessweek

Category : Stocks

New York Times
Japan to Deport 14 Chinese Arrested for Disputed Island Landing
By Takashi Hirokawa and Isabel Reynolds on August 16, 2012 Japan said it will deport 14 Chinese nationals arrested for visiting an island in the East China Sea claimed by both countries, defusing an incident that revived tensions between Asia's two
Japan to deport Chinese held over island landingCNN International
Japan Plans to Deport Chinese on IslandNew York Times
Japan to send back Chinese sea activists to avoid rowReuters
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