News Headlines - 29 March 2021

Traffic in Suez Canal resumes after stranded ship refloated | Al Jazeera

Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship that blocked the busy waterway for almost a week was refloated.
Live footage on a local television station showed the ship surrounded by tug boats moving slowly in the centre of the canal. The station, ExtraNews, said the ship was moving at a speed of 1.5 knots (2.8kmph).

Myanmar death toll tops 500 as protesters defy junta's forces | Reuters

Myanmar’s security forces have killed at least 510 civilians in nearly two months of efforts to stop protests against a Feb. 1 coup, an advocacy group said on Monday, as thousands of people took to the streets again despite the growing toll.
Another 14 civilians were killed on Monday, the Assistance Association for Political Prisoners (AAPP) said, as it also updated figures for previous days. The total killed on Saturday, the bloodiest day so far, had risen to 141, figures showed.

Archegos Liquidation Hit Nomura, Credit Suisse - WSJ

A fire sale of stocks from a large U.S. investor slammed global investment banks Credit Suisse Group AG and Nomura Holdings Inc., which said they could incur substantial losses related to the trades.
Shares in Nomura fell 16%, a record single-day drop. Credit Suisse’s stock tumbled 13%, its biggest fall since last March.
In recent days, losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, have triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported.

Czech Republic's richest man dies in Alaska helicopter crash | The Guardian

Petr Kellner, the Czech Republic’s richest man, was one of five people killed when their helicopter crashed on a skiing trip in Alaska.
The 56-year-old was among the passengers and pilot killed on Saturday in the crash near Knik glacier north-east of Anchorage, Alaska state troopers said. One survivor was taken to hospital, they said, adding the group had been on a heliski tour.
Kellner avoided public attention but was known to be a keen skier.

Council 'prioritised cost over safety', Grenfell Tower inquiry hears | Grenfell Tower inquiry | The Guardian

The written warning from leaseholder Shah Ahmed to the leaders of the Kensington and Chelsea Tenants Management Organisation (KCTMO) and the Royal Borough of Kensington and Chelsea (RBKC), emerged as lawyers for the bereaved and survivors accused the council of an “ethos of indifference or hostility [that] came to permeate the non-negotiable matter of fire safety” and claimed the fire was “a landmark act of discrimination against disabled and vulnerable people”.
In opening statements to the inquiry phase that will examine the actions of the landlords as residents repeatedly raised safety concerns before the 14 June 2017 fire, Michael Mansfield QC, acting for some of the bereaved, claimed the disaster was rooted in a “political climate” fostered by both David Cameron, then prime minister, and Boris Johnson when he was mayor of London.