Nepalese mountaineer, Dawa Tashi Sherpa, survivor of an avalanche on Mount Everest, is recovering in the Intensive Care Unit at Grandi International Hospital in Kathmandu on April 18, 2014. Prakash Mathema / AFP
Nepalese mountaineer, Dawa Tashi Sherpa, survivor of an avalanche on Mount Everest, is recovering in the Intensive Care Unit at Grandi International Hospital in Kathmandu on April 18, 2014. Prakash MaShow more

Everest avalanche kills 12 Nepalese guides



KATHMANDU // An avalanche swept down a climbing route on Mount Everest early Friday, killing at least 12 Nepalese guides in the deadliest disaster on the world’s highest peak.

The Sherpa guides had gone early in the morning to fix ropes for other climbers when the avalanche hit them at about 6:30am, the Nepal tourism ministry said.

Rescuers who rushed to the scene managed to pull seven Sherpa guides from the snows, said Suber Shrestha, a Nepali official monitoring the operation. Three critically injured guides were airlifted by helicopter to the Nepali capital, Kathmandu, he said.

Mr Shrestha said that according to preliminary accounts from some of the injured guides, a team of 16 to 20 guides had set out early in the morning to set up a camp at an altitude of more than 6,000 metres for climbers preparing to ascend the peak.

Most of them were climbing a long ladder on the slope of the mountain when a large chunk of ice swept them away.

The bodies of 12 dead were recovered. Four Sherpas were still missing when search efforts were suspended in the afternoon amid deteriorating weather, according to Mohan Krishna Sapkota of Nepal’s tourism ministry.

“We will look for the missing tomorrow,” Mr Sapkota said.

The avalanche hit an area nicknamed the “popcorn field” for its bulging chucks of ice and is just below Camp 2, Ang Tshering of the Nepal Mountaineering Association said. Camp 2 sits at an elevation of 6,400 metres on the 8,850-metre mountain.

Survivor Dawa Tashi was airlifted to Kathmandu and was lying in the intensive care unit at Grande Hospital in Kathmandu. Doctors said he suffered several broken ribs and would be in the hospital for a few days.

Mr Tashi told his visiting relatives that the Sherpa guides woke up early and were on their way to fix ropes to the higher camps but were delayed because of the unsteady path. Suddenly the avalanche fell on the group and buried many of them, according to Mr Tashi’s sister-in-law Dawa Yanju.

Hundreds of climbers, guides and support crews are at Everest’s base camp preparing to climb to the summit when weather conditions will be at their most favourable early next month. They have been setting up camps at higher altitudes, and guides have been fixing routes and ropes on the slopes above.

The Sherpa people are one of the main ethnic groups in Nepal’s alpine region, and many make their living as climbing guides on Everest and other Himalayan peaks.

More than 4,000 climbers have summited Everest since 1953, when it was first conquered by New Zealander Edmund Hillary and Sherpa Tenzing Norgay. Hundreds have died attempting to reach the peak.

The worst recorded disaster on Everest had been a snowstorm on May 11, 1996, that caused the deaths of eight climbers. Six Nepalese guides were killed in an avalanche in 1970.

Earlier this year, Nepal announced several steps to better manage the heavy flow of climbers and speed up rescue operations. The steps included the dispatch of officials and security personnel to the base camp at 5,300 meters, where they will stay throughout the spring climbing season that ends in May.

Each year, 300 foreign mountaineers and more than 600 local Sherpas climb Everest during the expedition season, according to Nepal’s tourism ministry.

* Associated Press and Dow Jones

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

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Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

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How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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50-man Royal Rumble

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WWE World Heavyweight Championship, Raw Tag Team Championship, United States Championship and the Cruiserweight Championship are all due to be defended

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Engine: 5-litre V8

Gearbox: eight-speed automatic

Power: 420hp

Torque: 505Nm

Fuel economy, combined: 12.4L/100km

Price: Dh260,500

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
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  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
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Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
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Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

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Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.