Latest news with #NSK
The Star
30-05-2025
- Business
- The Star
Versatile's subsidiary NSK Grocer proposes RM25.85mil retail mall acquisition in Petaling Jaya
KUALA LUMPUR: Versatile Creative Bhd 's 51%-owned subsidiary, NSK Grocer (KL) Sdn Bhd, has proposed to acquire a leasehold land and building comprising a two-storey retail mall and basement carpark at Plaza Pelangi Astana in Petaling Jaya for RM25.85mil. In a filing with Bursa Malaysia, Versatile said NSK entered into a sale and purchase agreement with Empire Benefit Sdn Bhd, which is currently undergoing liquidation, for the acquisition. Versatile said the purchase price would be financed through a mix of internally generated funds and/or bank borrowings, with the exact allocation yet to be decided. 'The proposed property acquisition is in line with NSK's strategic growth plan to expand its retail footprint in high-density and commercially strategic urban communities. 'The property's location and configuration are suitable for enhancing operational capacity and long-term value creation,' it said.
RTÉ News
01-05-2025
- Business
- RTÉ News
AerCap receives Q1 insurance settlement for aircraft total loss
Dublin-based aircraft lessor AerCap said that it had received cash insurance settlement proceeds from insurers relating to the "total loss" of an aircraft. Peter Juhas, AerCap's chief financial officer, told analysts on an earnings call that the insurance proceeds were received alongside payouts related to an airline bankruptcy claim. The combined impact of both of those on AerCap's first-quarter other income was around $30m, he said. Juhas did not disclose the cause of the total loss of the aircraft. AerCap, the world's largest aircraft lessor, disclosed in February that it recognised $168m in insurance settlements during the fourth quarter of 2024 relating to aircraft seized as a result of the war in Ukraine. The fourth-quarter settlement took AerCap's total insurance and other recoveries related to the Ukraine conflict to $195m in 2024. AerCap is currently pursuing London market reinsurers in the UK's High Court for $2.1 billion under its AIG-led hull all-risks policy. It has an alternative claim for £1.2 billion on its Atrium-led contingent war placement. While settlement talks were ordered by the court last year, the case went to trial in October and concluded in early February. A judgment is expected in late 2025. The lessor is separately pursuing claims worth a further $1.8 billion in the aggregate from international markets. These claims refer to so-called operator policies, which were taken out by airlines and carriers with domestic insurers and reinsured in the London market. AerCap has received a number of settlements from insurers in relation to jets stranded as result of Russia's invasion of Ukraine. This includes the $23m recovered in H1 2024 relating to a Boeing 777-300ER retrieved from Ukraine. AerCap became the first international lessor to publicly disclose an insurance settlement with insurers and airlines when it received a $645m payout from NSK in September 2023 to cover the loss of 17 aircraft previously on lease to Russian flag carrier Aeroflot.
The Print
28-04-2025
- Politics
- The Print
Terrorists who brutally killed innocent people in Pahalgam must be punished: Israeli envoy
'India knows what to do to protect its citizens. Interests of India are supposed to be above all,' he told PTI Videos. Kobbi Shoshan, Consul General of Israel in Mumbai, described the deadly attack in Pahalgam that killed 26 tourists as terrible which reminded him of photos of other terror strikes that happened around the world, especially in Israel. Mumbai, Apr 28 (PTI) Terrorists who brutally killed innocent people in Pahalgam should be punished, an Israeli envoy said on Monday, stressing that India knows what to do to protect its citizens. 'Terrorists who started such a brutal killing of innocent people should be punished. That's the most important thing,' he added. On terrorists asking about religion before shooting down tourists in Pahalgam, Shoshan said distinguishing between people is a very common practice in the terrorists' world. 'They know how to distinguish and to make a separation between their population and other populations. When you come to kill some people you are not a human being,' he said. PTI PR NSK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Independent
16-04-2025
- The Independent
Teenage boy accused of trying to hire hitmen online in Nordic ‘cash for killing' operation
A 15-year-old boy accused of trying to recruit contract killers online in a Nordic gang war faces life in prison after being arrested in a multinational police sting. The teen was arrested at a home in Western Sydney on Wednesday morning and charged with using an encrypted app to facilitate a 'cash for killing' plan on behalf of an international crime syndicate, according to police from Australia, Denmark and Sweden. Australian police launched an investigation earlier this month after they were alerted by Danish police to a foreign national living in Australia, whom they had linked to attempts at organising contract killings in Europe. The so-called 'crime-as-a-service' contract killings involve individuals outsourcing crimes to third parties, using online platforms including social media to plan and carry out the attacks, police said. Lars Feldt-Rasmussen, deputy chief superintendent of the Danish police national special crime unit (NSK), said the arrest was a result of close cooperation between the three police forces. 'While in Australia, the young man is suspected of having attempted to recruit people to commit contract killings in Denmark and Sweden as part of ongoing gang conflicts in the Nordic region,' he said. In a separate statement, Danish police said the boy was originally from Sweden. The teenager was charged with two counts of using a device connected to a telecommunications network with the intent of committing a serious offence, namely conspiracy to murder - one count under the Australian Commonwealth criminal code and one under the Danish penal code. Both charges are punishable by life in prison. Australian Federal Police (AFP) Commander Brett James said that while criminals thought encrypted communications gave them anonymity and would help them dodge the law, the police were 'a step ahead'. 'If you think you can use geography to evade law enforcement, you're mistaken – the AFP and its partners are always watching, sharing intelligence and ready to apprehend those who wish to harm our communities,' he said. Deputy chief superintendent Feldt-Rasmussen said the investigation was continuing. 'With this operation, we have taken a recruitment link in the crime chain out of play, but we are not finished yet,' he said in translated comments from social media. 'We are also targeting those we suspect of having controlled the 15-year-old. Together with our international partners, we are hunting those who commit crimes against Denmark and the Nordic region - including those hiding abroad." The teen appeared in a Sydney children's court on Wednesday and was formally refused bail. He is due to reappear in court on June 11.
Express Tribune
24-02-2025
- Sport
- Express Tribune
Pak unceremonious exit from CT is no surprise
Pakistan players take a break during their practice session at NSK ahead of their opening CT match against NZ on Wednesday. Photo: PCB Pakistan's unceremonious exit from the ICC Champions Trophy on Monday, following New Zealand's convincing win over Bangladesh, has come as no surprise to anyone. In fact, it would have come as a shock for most people had the national team advanced in the tournament. In crashing out early, Mohammad Rizwan's men have earned the dubious distinction as hosts to experience an ouster at the group stage of the event, which adds to the team's woeful display on the field. And yet, one is not sure if this massive humiliation will prove to be a red flag for the Pakistan Cricket administrators, its team management or the players and will force them to come out of their comfort zone to sincerely work for a turnaround. During the past year or so, the cricket administrators have exhausted such terms as 'surgery', 'overhaul, 'change of guard' etc, only to settle, each time, for the status quo and to back the 'dead horses'. As a result, they have made a laughing stock of themselves and both critics and fans now see such rhetoric from the PCB and the governments as an attempt to hoodwink them into believing that corrective measures are finally being taken to put Pakistan Cricket on the road to success. In more ways than one, there was no better occasion for Pakistan Cricket than the ICC Champions Trophy 2025 to re-launch itself and for the team to put up a grand show. Alas it was not to be. Not since the 1996 ICC World Cup has an event of this magnitude and grandeur been held in Pakistan where the six top teams of the world have converged in the country, with over a hundred international players showcasing their talents and style in more than two weeks of exhilarating cricket. There are more than 25 top cricketing experts and commentators, including a number of legendary figures, touring the country during the extravaganza, besides hundreds of fans from England, New Zealand, Australia and other countries. The refurbished stadiums in Karachi and Lahore have surely augmented the cricketing fever for the home fans while numerous food, art and cultural festivals been arranged in Karachi and Lahore to coincide with the prestigious event. It is sad then that the poor quality of cricket displayed by the national team has taken the sheen off the mega event, at least for the home fans. In the final analysis, Pakistan's disastrous trophy campaign was always on the cards owing to a variety of reasons, none more glaring than the absence of a think-tank that was required to devise a sound strategy for the tournament. Further damage to the campaign has been caused by the band of egotistical national selectors, hell bent upon flouting merit, even at the cost of destroying the team. It was just last December that Pakistan's ODI team was hailed as a world beating outfit after they had defeated the formidable Australians and the South Africans in their own backyards. Several newcomers were tried in those two series and spinner Sufyan Muqeem, pacer Abbas Afridi, all-rounder Irfan Niazi and a couple of others stood out with their fine performances. It was a given that these youngsters will be retained for the ICC Champions Trophy since they contributed well on the challenging tours and boosted Pakistan's bench strength. But the national selectors decided to 'destroy' the winning combination and named a weak, lop-sided 15-member squad for the Champions Trophy that defied logic and merit, and more importantly, lacked match-winners. For most part of the 70 years that the game of cricket has been played in the country, Pakistan has banked on raw talent to serve it well, and it indeed did. However, it is not a key to success anymore and the game in Pakistan has lagged far behind in the ways how modern cricket is being played around the world. Regretfully, the respective governments and the PCB administrators have been too busy playing politics and enjoying the perks to shift their focus to reorganising the game on scientific lines, establishing cricket academies to groom the players to meet international standards, and revamping the pitches and domestic cricket to ensure long-term success and viability. It is never too late and one sincerely hopes and wishes that the cricket administrators realise the need to resurrect and revitalise the game which literally unites the country, is a huge passion with the people and brings joy and happiness to them even in today's difficult times.
