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    KUALA LUMPUR

    Airlines facing challenging times; skies were a lot rosier a year ago: AAPA DG

    High fuel prices, supply chain issues, and sustainability concerns are currently affecting the airline industry significantly. The Association of Asia Pacific Airlines highlighted that operational costs are increasing due to rising jet fuel prices. Governments are encouraged to engage in benchmarking to identify competitive strategies for their respective aviation markets. Sustainable Aviation Fuel production remains constrained, impacting airlines' decarbonization efforts.

    Malaysia's ex-leader Najib moved from prison to house arrest after court clears transfer

    Najib Razak, Malaysia's former Prime Minister, has been transferred to house arrest from prison. He is serving a reduced six-year sentence linked to a corruption case. The transfer was approved by the Kuala Lumpur High Court following previous legal hurdles. Najib still faces a separate 15-year sentence linked to additional corruption charges that is under appeal. He maintains his innocence regarding all allegations tied to the 1MDB scandal.

    Jailed Malaysian ex-PM Najib pays fine, meeting condition for house arrest

    Jailed Malaysian former prime minister Najib Razak paid a $12 million fine Friday, allowing him to serve the rest of his sentence under house arrest, his party said. Malaysian King Sultan Ibrahim had granted Najib the conditional pardon in September, allowing him to serve out the rest of his prison sentence under house arrest provided he pay the fine.

    Asian Cup postponed to December 2027 as security concerns disrupt Saudi Arabia

    The Asian Football Confederation announced that the 2027 Asian Cup will be postponed until December. This decision follows regional security concerns and logistical issues stemming from recent Houthi attacks on Saudi Arabia. Originally scheduled for January 2027, the tournament will now occur from December 23, 2027, to January 21, 2028. Local organizers had previously maintained that the event would proceed as planned until this announcement.

    'Nobody will trust you...': SC junks Centre's plea against Vedanta arbitration awards

    The Supreme Court dismissed the Union government's appeal concerning disputes involving $99 million arbitral awards. Vedanta and Ravva Oil sought the enforcement of these awards related to the Ravva oilfield. The Delhi High Court had previously rejected the government's objections to enforcing the awards. The disputes originated from a 1994 production sharing contract between the petroleum ministry and various companies.

    Bengaluru to become fastest-growing city as global companies home in on talent: Savills Exec

    Global corporations are increasingly considering diverse locations, particularly India, for talent acquisition and growth. Bengaluru is projected to be the fastest-growing major city by 2035, according to Savills analysis. Other Indian cities like Chennai and Hyderabad are also showing strong potential in terms of GDP growth and population increase. The demand for global capability centers in India is expected to continue rising in the future.

    The Economic Times
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