Story highlights Flight staff, passengers intercepted man, who'd been released from psychiatric care Passenger approached the flight deck with something many feared could be a bomb (CNN)Australian police have defended their actions after a passenger tried to force his way into the cockpit on a Malaysia Airlines flight from Melbourne to Kuala Lumpur Thursday. Just after a takeoff, a male passenger on Flight MH128 tried to enter the cockpit while holding what one passenger described as a "huge, unusual, black, metallic, strange thing... size of a watermelon." "He was yelling 'I need to see the pilot, I need to see the pilot,'" passenger and former AFL player Andrew Leoncelli told Australia's ABC News. The mid-flight scare ended safely, but passengers later criticized the police response which saw them sit on the tarmac for 90 minutes with what they thought could be a bomb on board, according to the Australian Broadcasting Corporation. "We could see them [the police] all outside, … [Read more...] about Passenger tried to enter the cockpit on Malaysia Airlines flight
Story highlights Malaysia's fashion scene is emerging from manufacturer to designer South East Asia is starting to see a lot of young, emerging fashion designers Kuala Lumpur held its first Fashion Week three years ago (CNN)The word Malaysia usually brings to mind tropical beaches, steamy jungles and spicy food. It hasn't traditionally been deemed a center of fashion. One enterprising young designer is hoping to change that. Malaysian Cassey Gan earned her degree in chemical engineering, but she followed her love of design all the way to London. It wasn't long before the fashion elite recognized her talent. In 2012, four years after studying at the London College of Fashion, Vogue Italia named her one of the top future talents to watch out for. She has taken that title, and returned to her home in Malaysia, where she has launched her own eponymous fashion label. Hometown challenges Compared to London, she says, where fashion is "a bit crazy", Malaysia is a lot more … [Read more...] about Made in Malaysia: Is fashion the country’s next big thing?
KUANTAN, Malaysia — In the world’s most vital maritime chokepoint, through which much of Asian trade passes, a Chinese power company is investing in a deepwater port large enough to host an aircraft carrier. Another state-owned Chinese company is revamping a harbor along the fiercely contested South China Sea. Nearby, a rail network mostly financed by a Chinese government bank is being built to speed Chinese goods along a new Silk Road. And a Chinese developer is creating four artificial islands that could become home to nearly three-quarters of a million people and are being heavily marketed to Chinese citizens. Each of these projects is being built in Malaysia, a Southeast Asian democracy at the heart of China’s effort to gain global influence. But where Malaysia once led the pack in courting Chinese investment, it is now on the front edge of a new phenomenon: a pushback against Beijing as nations fear becoming overly indebted for projects that are neither viable … [Read more...] about ‘We Cannot Afford This’: Malaysia Pushes Back Against China’s Vision
London (CNN Business)1. Charges against Goldman Sachs: Malaysia has filed criminal charges against Goldman Sachs over its dealings with scandal-hit investment fund 1MDB. The US investment bank and two of its former employees are accused of breaking Malaysia's securities laws, Malaysian Attorney General Tommy Thomas said in a statement Monday. The case relates to $2.7 billion that was allegedly misappropriated from 1MDB bond sales, Thomas added. A Goldman Sachs (GS) spokesman said in a separate statement that the bank would "vigorously defend" itself against the charges. 2. Carlos Ghosn fallout: Nissan's (NSANY) board is meeting Monday amid signs that the Japanese automaker's relationship with Renault has become strained. Read More Renault (RNSDF) and Nissan are partners, but the strength of their alliance has been tested by the arrest and indictment of Carlos Ghosn in Japan. Ghosn has been ousted as chairman at Nissan, and temporarily replaced at the French automaker. Nissan has … [Read more...] about Goldman hit in Malaysia; Nissan board meeting; Retail pain
Hong Kong (CNN Business)Malaysia has filed criminal charges against Goldman Sachs over its dealings with a state investment fund at the heart of a multibillion-dollar corruption scandal. The case relates to bond sales that Goldman Sachs (GS) arranged and underwrote for 1Malaysia Development Berhad (1MDB) in 2012 and 2013. The US investment bank and four individuals — two of them former Goldman employees — are accused of "grave violations" of Malaysia's securities laws, Attorney General Tommy Thomas said in a statement Monday. The Wall Street firm has become a central figure in a damaging scandal involving billions in missing money, Malaysia's former prime minister and a high-rolling financier with ties to Hollywood. But this is the first time Goldman Sachs has faced criminal charges for its role in the saga. Abu Dhabi fund sues Goldman Sachs over 'central role' in 1MDB scam The US Justice Department alleges a total of $4.5 billion was stolen from 1MDB by senior … [Read more...] about Malaysia files charges against Goldman Sachs over 1MDB scandal