Business
Singapore Airlines Compensates Turbulence Victims With $10,000
Singapore Airlines Flight 308 was expected to be a routine journey from London to Singapore, but it turned into
a terrifying ordeal for the 211 passengers and 18 crew on board. The plane hit extreme turbulence over the
Irrawaddy basin, leaving a trail of destruction and injury in its wake. One passenger was killed, and dozens more were injured, with 19 remaining hospitalized in Bangkok. The airline has since offered $10,000 in compensation to
passengers with minor injuries, while those with serious injuries will receive $25,000 for their immediate needs.
The flight was a nightmare come true, with passengers and crew being tossed around the cabin like rag dolls. The plane’s g-force swung violently in less than five seconds, causing injuries to people who were not buckled into their
seats. Witnesses described the scene as “chaotic” and “horrific”.
Despite the chaos, the crew managed to keep the plane airborne and made an emergency landing in Bangkok. Passengers were rushed to hospital, where they received treatment for their injuries. Singapore Airlines has since apologized for the incident and is working to support the affected passengers. The airline has also offered a full air fare refund to all passengers, including those without injuries, as well as delay compensation in accordance with European Union or UK regulations. The incident serves as a stark reminder of the dangers of turbulence, which
can strike at any time, even on the safest of flights. As investigations continue, passengers and crew are left to pick up the pieces and try to make sense of the terrifying ordeal they endured. In the aftermath of the incident, passengers have praised the crew for their bravery and quick thinking, which likely saved lives. The incident also highlights the
importance of following safety instructions and keeping seatbelts fastened at all times.
As the aviation industry continues to evolve, incidents like this serve as a reminder of the importance of safety and the need for constant vigilance. For now, passengers and crew are left to heal and reflect on the turbulent skies that shook their lives forever
Nigerian banks’ rush to upgrade their core banking systems has caused confusion and frustration for many customers. With banks upgrading to more secure software, the lack of communication and customer support has left millions unable to access their funds, sparking questions about the bank’s commitment to customer welfare.
Dr. Uju Ogubunka, President of Bank Customers Association of Nigeria (BCAN), emphasized the severe impact of these disruptions, stressing the need for better communication and customer preparedness during such transitions. Banks must strike a balance between technological upgrades and customer service to retain trust, especially in an economy facing devaluation pressures.
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As Nigeria commemorates its 64th Independence anniversary, the stark contrast between celebration and the persistent challenges of corruption, mismanagement, and unfulfilled promises becomes evident.
The editorial revisits historical attempts at reform, such as the Independent Corrupt Practices Commission’s (ICPC) prosecutions and the House of Representatives’ inquiry into the unfulfilled $14.5 million aircraft repair contract. Many of these initiatives have faded from public memory, leaving questions about accountability unresolved.
High-profile corruption cases, including the Halliburton scandal involving alleged bribes of $180 million, highlight systemic failures within the political landscape.
The editorial emphasizes the need for collective action from citizens, civil society, and the media to demand transparency and accountability. It warns that without addressing these entrenched failures, Nigeria’s path toward democracy and good governance may continue to be fraught with unfulfilled promises.
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In a significant blow to Scotland’s energy sector, the 100-year-old Grangemouth refinery is set to close in 2025, citing its inability to compete with modern plants in Africa, Asia, and the Middle East. The refinery’s operator, Petroineos, announced the closure, which will result in the loss of 400 jobs.
Located in Scotland, Grangemouth refinery has been in operation since 1924, making it the country’s oldest and only refinery. However, despite its rich history, the refinery has struggled to remain competitive in the face of mounting global competition. Petroineos, a joint venture between PetroChina Internation al London (PCIL) and INEOS Group, a British chemicals firm founded by billionaire Sir Jim Ratcliffe, has invested $1.2 billion in the refinery since 2011.
However, the company has incurred significant losses, totalling over $775 million during the same period. According to Petroineos, the refinery is currently losing around $500,000 per day and expects a $200 million loss in 2024.
The company’s Chief Executive, Frank Demay, stated that the market for petrol and diesel fuels is expected to shrink further due to the upcoming ban on new petrol and diesel cars within the next decade. “Grangemouth is increasingly unable to compete with bigger, more modern and efficient sites in the Middle East, Asia and Africa.
Due to its size and configuration, Grangemouth incurs high levels of capital expenditure each year just to maintain its licence to operate,” Demay explained. The closure of Grangemouth refinery marks a significant shift in the global oil refining landscape, with modern and efficient plants in Africa, Asia, and the Middle East gaining a competitive edge. The Dangote Refinery in Nigeria, one of the largest refineries in Africa, may have contributed to the decline of Grangemouth refinery.
The refinery will be converted into a fuel import terminal, ensuring Scotland’s energy needs are still met. However, the closure raises concerns about the country’s energy security and the impact on local communities.
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