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KUALA LUMPUR, Malaysia (AP) — Environmental activists voiced disappointment Wednesday at Malaysia's decision to allow Lynas Rare Earths to continue operations until March 2026, and demanded more transparency on plans by the Australian miner to extract a radioactive element from its growing waste. It called for details of the Lynas study to be made public. While the government is keen to profit from the rare earths industry, this cannot be at the expense of people’s health and the environment, it added. Rare earths are 17 minerals used to make products such as electric or hybrid vehicles, weapons, flat-screen TVs, mobile phones, mercury-vapor lights and camera lenses. Lynas has said its refinery could meet nearly a third of world demand for rare earths, excluding China.

Persons: Lynas, Jan, Wong Tack, ”, Chang Lih Kang, Chang Organizations: —, Earth, Science, . Science Locations: KUALA LUMPUR, Malaysia, Pahang, Earth Malaysia, Malaysian, China, Lynas

☆ Rare-earths miner Lynas jumps as Malaysia allows key plant extension
▼ + stars: | 2023-10-25 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. The licence extension comes despite concerns raised in recent years by Malaysia regarding radiation levels from the cracking and leaching operations during raw material processing. Science and technology minister Chang Lih Kang said Lynas will be allowed to import radioactive material and continue processing rare earths, provided the firm carries out thorium extraction to remove radioactive waste. The brokerage also lifted its price target on the biggest rare earths miner outside of China by 3% to A$7.70 and upgraded the earnings outlook for a near-term period. Lynas' Malaysia refinery, its first outside China, has been embroiled in a radiation dispute at the plant with Lynas challenging an earlier ruling that would have halted operations.

Persons: Dado Ruvic, Chang Lih Kang, Lynas, Rishav Chatterjee, Janane Organizations: REUTERS, Lynas, Macquarie, Malaysian, Thomson Locations: Malaysia, Lynas Malaysia, Pahang, China, Western Australia, Bengaluru

☆ Australia's Lynas plans temporary shutdown of Malaysia ops, shares fall
▼ + stars: | 2023-10-20 | by ( Echha Jain | ) www.reuters.com time to read: +3 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. Shares of the miner closed 1.9% lower, after falling as much as 2.7% to A$6.24 mid-trade, the stock marked its lowest since May 3. It will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium (NdPr) to about 10,500 metric tons per annum. The world's largest producer of rare earths outside China also reported a 21.8% drop in its first quarter sales revenue to A$128.1 million ($81.04 million). NdPr production for the quarter came in at 1,526 rare earth oxide tonnes (REOt), compared with 1,045 REOt a year earlier.

Persons: Dado Ruvic, Lynas, Anwar Ibrahim, Echha Jain, Adwitiya Srivastava, Roushni Nair, Devika Syamnath, Jacqueline Wong Organizations: REUTERS, 10,500tpa, Malaysian, Thomson Locations: Malaysia, Lynas Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

The Lynas refinery in Malaysia, its first outside China producing minerals that are crucial to high-tech manufacturing, has been operating in central Pahang state since 2012. Lynas's operating license was extended by six months until Dec. 31. To again renew its license, Lynas must move its cracking and leaching processes — which produce the radioactive waste from Australian ore — out of Malaysia. Key variables include include the operating license conditions in Malaysia and the start-up and commissioning process in Kalgoorlie,” it said. It is one of Asia’s largest radioactive waste cleanup sites.

Persons: Lynas Organizations: Malaysian, Malaysia —, Japan’s Mitsubishi Group, — Locations: KUALA LUMPUR, Malaysia, China, Pahang, Kalgoorlie, Australia, ”, Perak

[1/3] Yemenis gather during a pro-Palestinian protest to express solidarity with Palestinians in Gaza, in Sanaa, Yemen, October 20, 2023. Some demanded military action against Israel, others said Arab states should consider using other methods to stop the bombardment of Gaza. Egypt borders Gaza but has not been able to negotiate an opening of its crossing to allow in aid. Hundreds of people marched in central Tunis, a smaller protest than ones that have rallied there against Israel's Gaza campaign in recent days. On Iraq's border with Jordan, hundreds of supporters of Iran-backed paramilitary groups staged a sit-in to voice support for Gaza, brought in by bus.

Persons: Benjamin Netanyahu, Mohammed Gomaa, Souhail Ben Nasser, Netanyahu, Joe Biden, Marisa, Hussein Samir, Suleiman al, Nafisa Eltahir, Amina Ismail, Tarek Amara, Ali Kucukgocmen, Ahmed Eljechtimi, Angus McDowall, Daniel Wallis Organizations: Houthi Media, REUTERS, Israel, Gaza, U.S ., Indonesian, U.S, Iran, Bulent Usta, Thomson Locations: Gaza, Sanaa, Yemen, Jordan, Egypt, Turkey, Indonesia, Malaysia, India, AMMAN, CAIRO, Jakarta, Tunis, Israel, Palestinian, Beyazit, Palestine, Cairo, Morocco, Western Sahara, America, Asia, U.S, Kuala Lumpur, Jaipur, Mumbai, Iraq, Tehran, Baghdad, Iran, Khalidi, Amman, Nafisa, Istanbul, Rabat

☆ Australia's Lynas announces planned shutdown of Malaysia ops
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 20 (Reuters) - Australia's Lynas Rare Earths (LYC.AX) said on Friday there will be a planned shutdown of all its operations in Malaysia except its mixed rare earth carbonate processing plant in the December quarter. The company also reported a 21.8% fall in first-quarter revenue, hurt by lower product prices and continued accumulation of inventory. The company will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium to about 10,500 tonnes per annum. ($1 = 1.5808 Australian dollars)Reporting by Echha Jain and Adwitiya Srivastava in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Lynas, Echha Jain, Adwitiya Srivastava, Devika Organizations: REUTERS, Malaysian, Mt, Thomson Locations: Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

☆ Fugees rapper Pras Michel's ex-lawyer botched his fraud trial by using AI for closing arguments, his new legal team says
▼ + stars: | 2023-10-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

David Kenner, an attorney known for representing Suge Knight, Tupac Shakur, and Snoop Dogg, ran Michel's defense for the trial. AdvertisementAdvertisementBut Michel's new lawyers, a legal team from ArentFox Schiff, now say Kenner botched the defense by using an "experimental artificial intelligence program" to draft his closing arguments. "Michel never had a chance," the ArentFox Schiff team wrote, adding that Michel's legal defense was "deficient throughout." Michel's lawyers said his former publicist told them about Kenner using EyeLevel.AI to write the closing arguments. Kenner and the ArentFox Schiff team did not immediately respond to requests for comment sent outside regular business hours.

Persons: Pras Michel, David Kenner, Kenner, —, Michel, Suge Knight, Tupac Shakur, Snoop Dogg, ArentFox Schiff, Schiff, EyeLevel.AI Organizations: Service, Suge, Kenner, Kenner Law, Daily Locations: Malaysian, EyeLevel.AI, Encino , California, New York City, EyeLevel

☆ Tony Fernandes: AirAsia CEO criticized after posting shirtless massage photo on LinkedIn
▼ + stars: | 2023-10-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —AirAsia boss Tony Fernandes has created a firestorm on social media after sharing a photo of himself receiving a massage topless during a management meeting. In his post, the business mogul said he’d had “a stressful week,” so a colleague suggested he get a massage. “Got to love Indonesia and AirAsia culture that I can have a massage and do a management meeting,” Fernandes wrote. The post was deleted days later after a wave of criticism, with many LinkedIn users saying his behavior was unprofessional. AirAsia Group rebranded to Capital A last year, in efforts to show how AirAsia was becoming “more than just an airline,” according to a company statement at the time.

Persons: Tony Fernandes, he’d, “, ” Fernandes, Fernandes, ”, Richard Branson of Organizations: Hong Kong CNN — AirAsia, Malaysian, LinkedIn, AirAsia, CNN, Bloomberg, relaunching AirAsia, Capital, ”, Virgin Group, Warner Music, AirAsia Group Locations: Hong Kong, Indonesia, Richard Branson of Asia, United Kingdom, Asia, Malaysian, Malaysia

☆ Australia's Lynas announces planned shutdown of Malaysia ops, shares fall
▼ + stars: | 2023-10-19 | by ( Echha Jain | ) www.reuters.com time to read: +3 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Lynas to conduct planned shutdown of Malaysia opsCo to upgrade NdPr production in Malaysia to 10,500tpaQtrly sales revenue slips 21.8%Shares fall as much as 2.7%Oct 20 (Reuters) - Australia's Lynas Rare Earths (LYC.AX) said on Friday it planned to shut all operations in Malaysia except a mixed rare earth carbonate processing plant in the December quarter, with minimal volumes of the raw material processed during the shutdown. Shares of the miner fell as much as 2.7% to A$6.24 by 0045 GMT, the lowest since May 3. It will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium (NdPr) to about 10,500 tonnes per annum. NdPr production for the quarter came in at 1,526 rare earth oxide tonnes (REOt), compared with 1,045 REOt a year earlier.

Persons: Dado Ruvic, Lynas, Anwar Ibrahim, Henry Jennings, Echha Jain, Adwitiya Srivastava, Devika Syamnath, Jacqueline Wong Organizations: REUTERS, Co, 10,500tpa, Malaysian, Marcustoday, Thomson Locations: Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

The arguments in the Michel case could preview issues to come as the technology makes a rapid advance. “We think AI technology is gong to completely revolutionize the legal field by making it faster and cheaper to get complex answers to legal questions and research,” Katz said. “At bottom, the AI program failed Kenner, and Kenner failed Michel. Using it for closing arguments is complicated because of the many factors that develop over the course of a trial, he said. Generative AI, meanwhile, also sometimes produces “hallucinations,” statements that initially read as if they are accurate but are not.

Persons: ” Michel, Michel, David Kenner, Suge Knight, Snoop Dogg, Kenner, Diddy, Peter Zeidenberg, It's, Neil Katz, “, ” Katz, Sharon Nelson, “ It's, ”, Zeidenberg, Barack Obama’s, Trump, Leonardo DiCaprio, Jeff Sessions, John Villasenor Organizations: WASHINGTON, —, Associated Press, Sensei Enterprises, Justice Department, U.S, University of California, American Bar Association Locations: Malaysian, China, Los Angeles

☆ AirAsia CEO Tony Fernandes criticized for LinkedIn post showing topless massage during meeting
▼ + stars: | 2023-10-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The head of low-cost airline AirAsia has deleted a social media post apparently showing him taking a business meeting while topless and receiving a massage after it sparked heavy criticism. Tony Fernandes wrote in a LinkedIn post accompanying the picture on Monday: "Got to love Indonesia and AirAsia culture that I Can [sic] have a massage and do a management meeting." Social media users were quick to criticize the post, with many saying it would make employees uncomfortable and was highly inapproriate. He is a frequest social media user and, since the furor, has posted twice more on LinkedIn, while not referencing the massage post. And you know who your friends and supporters are and who would be the first to throw the stone," he wrote in a LinkedIn post Wednesday.

Persons: Tony Fernandes, Fernandes Organizations: AirAsia, Twitter, Berhad, Malaysian, Queens Park Rangers Football Club, Caterham, One, LinkedIn, CNBC Locations: Indonesia, Malaysia

☆ Oscar winner Yeoh joins IOC along with seven new members
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Michelle Yeoh poses. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsMUMBAI, Oct 17 (Reuters) - Michelle Yeoh, the first Asian actress to win an Oscar, joined the International Olympic Committee (IOC) on Tuesday after being voted in as a member at a ceremony in Mumbai. She was one of eight new proposed members to join the Olympic body at its session in the Indian financial capital. A former Malaysian junior squash champion, Yeoh won the Oscar for best lead actress earlier this year for her role in the film, "Everything Everywhere All at Once". Mehrez Boussayene, President of the Tunisian Olympic Committee, also joined.

Persons: Michelle Yeoh, Sarah Meyssonnier, Oscar, Yeoh, Pierce Brosnan, Jean Todt, Yael Arad, Israel's, Balasz Furjes, Cecilia Roxana Tait Villacorta, Michael Mronz, Furjes, Sweden's Petra Soerling, South Korean Kim Jae, Mehrez Boussayene, Karolos Grohmann, Peter Rutherford Organizations: Cannes, Rights, International Olympic Committee, Hollywood, United Nations Goodwill, FIA, IOC, Tennis Federation, South, International Skating Union, Tunisian Olympic Committee, Thomson Locations: Cannes, France, Rights MUMBAI, Mumbai, Malaysian, Chinese, Hungarian, Olympic, Peru, Hungary, Germany, South Korean

☆ AirAsia exec posts shirtless photo of himself getting a massage during a 'management meeting,' sparking debate
▼ + stars: | 2023-10-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

AirAsia co-founder Tony Fernandes posted a picture of himself receiving a massage while shirtless at work. The LinkedIn post generated debate online, with many saying it was unprofessional. AdvertisementAdvertisementAirAsia co-founder Tony Fernandes has sparked debate online after posting a photo on LinkedIn showing himself getting a shirtless massage during a management meeting. "Was a stressful week and Veranita Yosephine suggested a massage," Fernandes wrote on LinkedIn early Monday morning, referencing AirAsia Indonesia CEO Veranita Yosephine. Spokespeople for AirAsia and AirAsia Indonesia did not respond to Insider's requests for comment, and the LinkedIn post has since been taken down.

Persons: Tony Fernandes, Fernandes, —, Veranita Yosephine Organizations: AirAsia, Service, LinkedIn, AirAsia Indonesia, Capital Locations: Indonesia, Malaysian, Asia, Japan, Thailand, Capital

☆ Malaysia does not agree with Western pressure to condemn Hamas - PM
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

Malaysian Prime Minister Anwar Ibrahim gestures as he delivers his speech during his visit at the Malacanang palace, in Manila, Philippines, March 1, 2023. Aaron Favila/Pool via REUTERS/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 16 (Reuters) - Malaysia does not agree with Western pressure to condemn Palestinian militant group Hamas, Prime Minister Anwar Ibrahim said on Monday, amid widespread outrage over this month's deadly attack on southern Israel. Western and European countries have repeatedly asked Malaysia to condemn Hamas in meetings, Anwar said, without providing details. "As such, we don't agree with their pressuring attitude, as Hamas too won in Gaza freely through elections and Gazans chose them to lead." Former Malaysian Prime Minister Najib Razak in 2013 defied Israel's blockade on Gaza, crossing into the Palestinian enclave following an invitation from Hamas.

Persons: Anwar Ibrahim, Aaron Favila, Anwar, Gazans, Najib Razak, Rozanna Latiff, Martin Petty Organizations: Malaysian, Hamas, Israel, Former Malaysian, Israel's, Thomson Locations: Manila, Philippines, KUALA LUMPUR, Malaysia, Israel, Gaza

☆ Malaysia Treasury secretary-general discusses record 2024 budget tabled by Anwar
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMalaysia Treasury secretary-general discusses record 2024 budget tabled by AnwarJohan Mahmood Merican, secretary-general of the Malaysian Treasury, says Prime Minister Anwar Ibrahim is "keen to ensure that the budget … sets the tone in terms of reform."

Persons: Anwar Johan Mahmood Merican, Anwar Ibrahim Organizations: Email Malaysia Treasury, Malaysian Treasury

☆ Southeast Asia haze returns as peatland fires fan global warming fears
▼ + stars: | 2023-10-16 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

watch now"The issue is that currently, most governments haven't really looked at the haze and climate change as a unified issue, yet. Something seasonal, that comes and goes, while climate change is something constant and developing," she added. United Nations Environment ProgramMalaysian officials are undoubtedly haunted by the memory of the 2015 and 2019 transboundary haze episodes. School closures were effected in Indonesia, Malaysia and Singapore — affecting nearly four million students in Malaysia alone. Vicious cycle in the peatlandsThe haze in southern Southeast Asia is emitted mostly from massive peatland fires in Sumatra and Borneo.

Persons: Al Zulkifli, Helena Varkkey, haven't, Siti Nurbaya Bakar, Jusuf Kalla, El Nino, El, Vicious, Varkkey, Sharon Seah, Ulet Ifansasti Organizations: Afp, Getty, El Nino, Universiti, CNBC, ASEAN, Jakarta Globe, United Nations Environment Program Malaysian, World Bank, Kuala, Airport, Nurphoto, ASEAN Specialized Meteorological, Asia, Yusof, Institute, United Nations Environment Program, UNEP, Malaysian, Anadolu Agency, Global, Greenpeace, Oil Locations: Ogan Ilir, South Sumatra, Al, Southeast Asia, Asia, Universiti Malaya, Kuala Lumpur, Peninsular Malaysia, Indonesia, Kalimantan, Malaysia, Indonesian, Jakarta, Brunei, Singapore, Thailand, Philippines, Sumatra, El Nino, Borneo, Palem Raya, Borneo . Forest, Anadolu, Eco

☆ Malaysia says Goldman Sachs suit 'premature' amid dispute over 1MDB settlement
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Olivia Harris/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 12 (Reuters) - A Malaysian government task force said on Thursday it viewed Goldman Sachs' (GS.N) filing of arbitration proceedings as premature, after the firm sued Malaysia in a British court this week amid an escalating dispute over a 2020 settlement deal. Goldman Sachs in 2020 had agreed to pay $3.9 billion to settle Malaysia's criminal probe over its role in the multi-billion dollar 1MDB corruption scandal. Malayia's 1MDB task force said Goldman Sachs had requested an extension on a Nov. 8 deadline for discussions to settle the dispute. Goldman Sachs lodged its suit less than two months after Malaysian Prime Minister Anwar Ibrahim threatened to take the company to court. Goldman had helped 1MDB raise $6.5 billion in two bond offerings, earning itself $600 million in fees, according to the U.S. Justice Department.

Persons: Olivia Harris, Goldman Sachs, Goldman, Malayia's, Johari Abdul Ghani, Johari, Anwar Ibrahim, Rozanna Latiff, Martin Petty, Simon Cameron, Moore Organizations: Development, Exchange, REUTERS, Malaysia, Malaysian, U.S . Justice Department, Thomson Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, Malaysian, U.S

☆ Malaysia denies Goldman Sachs' allegations in 1MDB arbitration suit
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: +2 min

The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City. The Malaysian government on Thursday denied allegations by Goldman Sachs that it had breached a settlement deal over the U.S. bank's role in the multi-billion dollar 1MDB corruption scandal, after the firm sued Malaysia in a British court. Goldman Sachs in 2020 had agreed to pay $3.9 billion to settle Malaysia's criminal probe over its role in the multi-billion dollar 1MDB corruption scandal. Earlier, Malaysia's 1MDB task force said Goldman Sachs' move to sue in a London arbitration court was "premature". Goldman Sachs lodged its suit less than two months after Malaysian Prime Minister Anwar Ibrahim threatened to take the company to court.

Persons: Goldman Sachs, Goldman, Chambers, Johari Abdul Ghani, Johari, Anwar Ibrahim Organizations: New York Stock Exchange, Malaysian, U.S, Malaysia, Malaysia's, U.S . Justice Department Locations: New York City, Malaysia, London, Malaysian, U.S

☆ Explainer: Goldman Sachs and its role in the multi-billion dollar 1MDB scandal
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +5 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. 1MDB was a sovereign fund set up in 2009 with the help of Malaysian financier Jho Low to promote economic development. The United States has said the 1MDB case was its largest ever kleptocracy investigation. Low, a fugitive, has been charged in Malaysia and the United States over his central role in the case. Goldman has been investigated by regulators in at least 14 countries for its role in underwriting the 1MDB bond issues.

Persons: Goldman Sachs, Andrew Kelly, Najib Razak, Goldman, 1MDB, Jho Low, Najib, Low, GOLDMAN, Tim Leissner, Roger Ng, Goldman's, Anwar Ibrahim, Simon Cameron, Moore Organizations: New York Stock Exchange, REUTERS, Goldman Sachs, Malaysia, Malaysian, 1Malaysia, U.S . Department of Justice, The United, DoJ, United Malays National Organisation, GOLDMAN, London Court, Thomson Locations: New York City , New York, U.S, KUALA LUMPUR, The United States, Malaysia, United States, China, Beijing, MALAYSIA, Malaysian

☆ Malaysia says TikTok fails to fully comply with local laws
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Printed TikTok logos are seen in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 12 (Reuters) - TikTok has not done enough to curb defamatory or misleading content in Malaysia, the communications minister said on Thursday, adding that the short video application had also failed to comply with several, unspecified local laws. In a social media message posted after meeting TikTok representatives, Minister Fahmi Fadzil said TikTok also had to address issues related to content distribution and advertising purchases following complaints. He said TikTok had assured him it would cooperate with the government and that its shortcomings were due to not having a representative in Malaysia at present. A spokesperson for TikTok did not immediately respond to a request for comment about the meeting or the minister's remarks.

Persons: Dado Ruvic, Fahmi Fadzil, TikTok, Fahmi, Anwar Ibrahim's, Danial Azhar, Miral Organizations: REUTERS, Malaysian, Facebook, Meta, Communications, Multimedia, Thomson Locations: KUALA LUMPUR, Malaysia, Southeast Asia, Vietnam

☆ Goldman Sachs sues Malaysia as discord over 1MDB settlement escalates
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/ File Photo Acquire Licensing RightsOct 11 (Reuters) - Goldman Sachs Group (GS.N) is suing Malaysia in a UK court, a source familiar with the matter told Reuters, as tensions escalate over a settlement linked to its role in the 1MDB investment-fund scandal. The arbitration has been filed with the London Court of International Arbitration (LCIA), the source said. In 2020, Goldman Sachs had agreed to pay $3.9 billion to settle Malaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal. The United States has been returning funds it has recovered from seized assets that were allegedly bought with stolen 1MDB money.

Persons: Olivia Harris, Goldman Sachs, Najib Razak, Goldman, Samrhitha, Shinjini Organizations: Malaysia Development Berhad, Tun, Exchange, REUTERS, Goldman Sachs, London Court, International, Government, Reuters, Malaysian, Prosecutors, United, Bloomberg News, Thomson Locations: Malaysia, Kuala Lumpur, U.S, United States, Bengaluru

☆ More than 55 global airlines still fly over Russia, including to and from the US: 'a crisis in the making'
▼ + stars: | 2023-10-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementEven though Russian airspace is closed to US airlines, many Americans may still end up flying through Russian skies. This includes four European carriers: Air Serbia, Turkish Airlines, Pegasus Airlines, and Belarus' Belavia. Emirates' flight path from Dubai to Los Angeles on September 25 showed it flew over Russian airspace. Looking at the time of writing for mid-November, a ticket on Air India is nearly $2,000 cheaper than American. This was a particular concern earlier this year when Chinese airlines were using Russian airspace on routes to the US.

Persons: —, FlightRadar24, Robert Menendez, James Risch, Putin, Roman Protasevich, Scott Kirby, Kirby Organizations: Carriers, Air India, Service, Moscow, Air, Turkish Airlines, Pegasus Airlines, Ethiopian Airlines, Qatar Airways, Etihad Airways, US ., Los Angeles, Uzbekistan Airways, Reuters, Travelers, NBC News, White, Malaysian Airlines, Ryanair, United Airlines, overflying, Airlines, China Eastern Airlines, American Airlines, Google, Current, Delta Air Lines Locations: Europe, Russia, Ukraine, Asia, Emirates, Russian, Air Serbia, Turkish, Belarus, Moscow, Africa, Air China, US . Emirates, Dubai, Los, West Coast, FlightAware . Emirates, Los Angeles, Air India, New Delhi, New York, Chicago, San Francisco, Tashkent, Qatar, Doha, China, detouring, Uzbekistan, American, Belarusian, Australia, overflying Russia, America, India, United

☆ Indonesia defends haze-fighting effort after Malaysia urges action
▼ + stars: | 2023-10-06 | by ( Ananda Teresia | ) www.reuters.com time to read: +3 min

No haze has been detected heading for Malaysia, however, Environment Minister Siti Nurbaya said, a day after it urged Indonesia and fellow Southeast Asian nations to take action against worsening air quality. "We are already working to prevent and extinguish fires, but not based on Malaysia's request," the minister told Reuters. Indonesia is using helicopters to quench the fires with water bombing while inducing rain with cloud seeding methods, Siti Nurbaya said. In 2015 and 2019, such fires burned millions of hectares of land in Indonesia and sent haze billowing across several Southeast Asian countries, generating record-breaking emissions, scientists have said. Southeast Asian agriculture and forestry officials agreed on Friday to take action to minimise, and eventually stamp out, crop burning.

Persons: Antara, Haze, Siti Nurbaya, Nik Nazmi Nik Ahmad, Lax, Rozanna Latiff, Danial, Kanupriya Kapoor, Clarence Fernandez Organizations: ASEAN, Reuters, Malaysian, Association of Southeast Asian Nations, Thomson Locations: Palembang, South Sumatra, Indonesia, ASEAN Indonesia, JAKARTA, cloudseeding, Malaysia, Sumatra, Borneo, Singapore, Malaysian, Danial Azhar, Kuala Lumpur

☆ Former Goldman banker Ng to be returned in Malaysia in 1MDB case
▼ + stars: | 2023-10-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

In a letter filed on Thursday in Brooklyn federal court, U.S. prosecutors asked a judge to order Ng's surrender to the U.S. Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country. The case stemmed from about $6.5 billion in bonds that Goldman helped 1MDB sell in 2012 and 2013. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Ng had been arrested in Malaysia in November 2018, and agreed to be extradited to the United States.

Persons: Goldman Sachs, Roger Ng, Ng, Ng's, Ng Chong Hwa, Goldman, 1MDB, Margo Brodie, Tim Leissner, Jho, Jonathan Stempel, Richard Chang Organizations: U.S . Marshals, U.S, Malaysian, Thomson Locations: New York, Brooklyn, U.S, United States, Kuala Lumpur, Malaysian, Malaysia . U.S, 1MDB, Malaysia

☆ Former Goldman banker Ng to be returned to Malaysia in 1MDB case
▼ + stars: | 2023-10-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Ex-Goldman Sachs banker Roger Ng and his lawyer Marc Agnifilo leave the federal court in New York, U.S., May 6, 2019. Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country. The case stemmed from about $6.5 billion in bonds that Goldman helped 1MDB sell in 2012 and 2013. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Ng had been arrested in Malaysia in November 2018, and agreed to be extradited to the United States.

Persons: Goldman Sachs, Roger Ng, Marc Agnifilo, Margo Brodie, Ng's, Ng, Brodie, Ng Chong Hwa, Goldman, 1MDB, Tim Leissner, Jho, Jonathan Stempel, Richard Chang 私 Organizations: REUTERS, Chief U.S, U.S . Marshals, U.S, Malaysian Locations: New York, U.S, Brooklyn, United States, Kuala Lumpur, Malaysian, Malaysia, 1MDB

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