Hundreds of people have been displaced after a fire destroyed around 200 homes in a coastal village in Malaysia's Sabah state on Sunday, state news agency Bernama reported. Authorities were notified of the fire in Sandakan district at around 1.32am (1732 GMT), the district's fire and rescue chief Jimmy Lagung was quoted as saying by Bernama. “Strong winds and the close proximity of the houses caused the fire to spread rapidly, while low tide conditions also made it difficult to obtain an open water source,” Lagung said. Read: India, Malaysia exchange 11 cooperation pacts during Modi visit The fire broke out in one of Sabah's water villages, which feature wooden houses built on stilts and are home to some of the country's poorest communities, including many stateless and indigenous groups. Around 445 people have been displaced so far, Bernama said, citing unofficial figures of people registered at a temporary relief centre in Sandakan. Malaysia's Prime ...
A broker for United States Defense Secretary Pete Hegseth sought to make a significant investment in major defence companies in the days before the Iran war, according to the Financial Times (FT). The Pentagon, however, has dismissed the report. According to CNBC, FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF. The ETF, which has about $3.1 billion in assets, counts companies such as RTX Corp, Lockheed Martin, and Northrop Grumman, among its largest holdings, BlackRock data showed. The CNBC report states that according to the London Stock Exchange Group (LSEG) data, the ETF has lost 12.4% in the past month, around the time when the Iran war started. Read: Crude oil tanker off Dubai hit by Iranian strike after Trump's latest threats FT also said that the investment discussed by Hegseth’s broker did not move forward as the fund wa...