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Showing posts with the label latest world news

Happy New Year for Bernie Sanders, Donald Trump in fundraising hauls

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Some Democrats have not yet disclosed their fourth-quarter fundraising numbers, but those who did had strong showings. International news : Bernie Sanders raised more than $34.5 million in the last quarter of 2019, the largest three-month haul for a 2020 Democratic presidential candidate, while Republican President Donald Trump drew $46 million on the heels of his impeachment, their campaigns said on Thursday. The new figures brought Sanders’ total campaign fundraising last year to $96 million, making him the leading fundraiser so far among 14 Democrats vying to face Trump in November's presidential election. States begin choosing candidates next month with the Iowa Caucuses on February 3. Trump, a polarising president popular with a large majority of Republicans but vilified by many Democrats, maintained his formidable fundraising edge over Democrats with a surge of donations following his impeachment last month by the Democratic-led House of... read more

Hong Kong's iconic HSBC lion statues caught in protest cross hairs

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The lions were confiscated by Japanese during World War II and shipped to Japan to be melted down. They were rescued in 1945 from Osaka dockyard and restored to their former positions following year Experts in Hong Kong could be facing a dilemma unseen in more than six months of protests: How to clean a pair of iconic bronze lion statues that have stood guard over HSBC Holdings’ main offices for decades as one of the city’s foremost symbols of colonial-era largess. Demonstrators defaced the lions, nicknamed “Stephen” and “Stitt,” Wednesday during a mass march intended to show Beijing they would continue to fight its grip into the new year. They splashed the statues with red and black spray paint that depicted bleeding from the eyes, and a phrase in Chinese saying HSBC had been dyed the red of China. At least one statue was set ablaze. Workers struggled to scrub them clean Thursday morning. The lions’ visages adorn local bank notes issued by HSBC and are a remaining symbol of...

Austrian People's Party agrees to form coalition government with Greens

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'We have managed to reach the [coalition] agreement', said Sebastian Kurz International news : The Austrian People's Party (OVP) and the Green Party reached an agreement to create a coalition government, informed Sebastian Kurz, head of Austrian People's Party (OVP). Early parliamentary elections were held in Austria on September 29. According to the Ministry of Internal Affairs' final data, the OVP won with 37.5 per cent of the vote. Following the talks with all political parties represented in the country parliament, Kurz announced on November 11 that OVP would begin negotiations on forming a coalition government with the Green Party that is in the fourth place with a record 13.9 per cent of the vote. "We have managed to reach the [coalition] agreement," Kurz said at a... read more

Drug kingpin El Chapo had same powers as my predecessor: Mexico's president

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Lpez Obrador's public safety secretary Alfonso Durazo on Wednesday echoed the president's comments about rooting out corruption in the security forces. Mexico President Andrs Manuel Lpez Obrador closed out 2019 with a parting shot at his predecessors, saying imprisoned drug kingpin Joaqun " El Chapo " Guzmn Loera had had the same power as the country's president. In a video message from the southern city of Palenque on Wednesday, Lpez Obrador recounted his administration's successes in its first year and highlighted its challenges foremost surging violence. He said he had already done away with the high-level corruption that was rampant in previous governments, but said it was crucial to draw a bright line between criminal elements and authorities so that the two sides do not mingle as they had in the past. "There was a time when Guzmn had the same power or had the influence that the then president had ... because there had been a conspiracy and...

Fearing more bushfires, Australia orders mass evacuation before heatwave

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Visitors are being warned to leave before Saturday, which is forecast to bring gusting winds and temperatures soaring above 40 degrees Celsius International news : Thousands of tourists have been given less than 48 hours to evacuate fire-ravaged coastal communities as Australia braces for a heatwave Saturday expected to fan deadly bushfires. Catastrophic blazes ripped through swathes of the continent's south-east on New Year's Eve, killing at least eight people and stranding holidaymakers as seaside towns were ringed by flames. The New South Wales (NSW) Rural Fire Service on Thursday morning declared a "tourist leave zone" stretching about 200 kilometres (124 miles) from the popular holiday spot of Bateman's Bay along the usually picturesque south-east coast to neighbouring Victoria state, where people are also being urged to evacuate fire-threatened... read more

US poised to impose sanctions on Turkey as Syria incursion escalates

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The Trump administration leaving open the option of penalties aimed at military transactions, arms exports and energy shipments to the Turkish military International news : The US is poised to impose sanctions on Turkey as soon as Monday in response to the nation’s advance into Syria, according to people familiar with the matter, days after President Donald Trump cleared the way for Turkey to launch its offensive by pulling American forces from the area. The initial round of penalties would most likely be aimed at a wide range of individuals and was prepared for Trump’s approval, according to one of the people. The departments of State, Defense and Treasury worked over the weekend to draft the terms, the people said. The Trump administration is leaving open the option of penalties aimed at military transactions, arms exports and energy shipments to the... read more

Donald Trump imposes sanctions on Turkey as Syrian crisis escalates

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Turkey's military offensive is endangering civilians and threatening peace, security and stability in the region, Trump said,   International news : Protesting Turkey's military offensive into northeast Syria, US President Donald Trump on Monday announced he will authorise sanctions against Turkish officials, raise steel tariffs and end negotiations on a $100 billion trade deal. Turkey launched a cross-border assault on Kurdish fighters on Wednesday after the US decided to withdraw troops from Syria, a move criticised by the Republicans, with some terming it a "betrayal" of the Kurds. "This (executive) order will enable the US to impose powerful additional sanctions on those who may be involved in serious human rights abuses, obstructing a ceasefire, preventing displaced persons from returning home, forcibly repatriating refugees or threatening the peace, security or stability in Syria," Trump said in a statement. Turkey's military offensive is...

Johnson's Brexit hangs with a thread as European Union seeks more time

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With 17 days before the UK is due to leave the EU, Johnson repeatedly pledged to "get Brexit done," as he spoke in Parliament on Monday International news : UK Prime Minister Boris Johnson’s Brexit deal was hanging in the balance Tuesday, after the European Union Presidency said more time was needed before a summit of its leaders this week. Antti Rinne, premier of Finland — which currently has the rotating presidency of the EU — said negotiations may need to continue after the EU Council summit that starts Thursday. “I think there is no time in a practical way and in a legal base to reach an agreement before the Council meeting, I think we need to have more time,” Rinne told... read more

Can paying poor nations to admit refugees solve the mass migration puzzle?

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The deeper analysis of why immigration policy is so hard to fix deserves close attention International news : Much of the commentary about Michael Kremer, named this week as one of three winners of the Nobel Memorial Prize in Economic Sciences, has justifiably celebrated his pioneering work in studying poverty — even now, many of us believe, the planet’s greatest moral challenge. But an important 2011 Kremer paper, overlooked in the celebration, helps to shed light on another great challenge of our day: refugee policy. His work helps explain the immigration pressures that have been roiling politics around the world. In the wake of the disaster in Syria and other crises, refugees have flooded Europe. Nationalist parties have responded by playing to the sentiment that migrants are stealing jobs. They promise tougher standards for immigrants, a stance with the potential to harm migrants fleeing persecution. The United Nations puts the number of people seeking refuge in the tens of...

Economics is changing: A Nobel for 3 pragmatic poverty-fighters shows that

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A popular conception of economists is that they're the high priests of the free market, downplaying the role of government and giving short shrift to the needs of society's poorest International news : This year’s economics Nobel prize went to three worthy economists — Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology, and Michael Kremer of Harvard University. The prize, which was awarded “for their experimental approach to alleviating global poverty,” shows several important ways that the economics discipline is changing. A popular conception of economists is that they’re the high priests of the free market, downplaying the role of government and giving short shrift to the needs of society’s poorest. A great many economists defy this stereotype, spending their careers studying how to uplift the poorest citizens of the developing world through government action. Banerjee, Duflo and Kremer fall into this category. For example, all three hav...

Explained: How the Saudi Aramco attack affects global oil supply

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The attack on Saudi oil facilities on Saturday not only knocked out over half of the country's production, it also removed almost all the spare capacity available A satellite image shows an apparent drone strike on an Aramco oil facility in Abqaiq, Saudi Arabia September 14, 2019.   International news : The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months. Why is it so disruptive for oil suppliers? The attack on Saudi oil facilities on Saturday not only knocked out over half of the country’s production, it also removed almost all the spare capacity available to compensate for any major disruption in oil supplies worldwide. The attack cut 5.7 million barrels per day (bpd) of Saudi crude output, over 5 per cent of the world’s supply. But the attack also constrained Saudi Arabia’s ability to use the more than 2 million bpd of s...

Personal data of Ecuador's entire population leaked online, say experts

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The security company vpnMentor uncovered the breach on the server run by the firm Novaestrat The security company contacted Ecuador's Computer Emergency Response Team to secure the leaked data   International news : Almost the entire population of Ecuador had their personal data leaked online, security experts said Monday, a massive breach that the government called a "very delicate" issue. An estimated 17 million people, including almost seven million minors and children, had their data exposed by a breach on an unsecured server run by an Ecuadorean marketing and analytics firm. "The information that I can share with you at this moment is that this is a very delicate issue, it is a major concern for the whole of the government and the state," said Interior Minister Maria Paula Romo. The security company vpnMentor uncovered the breach on... read more

Which country can boost crude supply to offset the attack on Saudi Arabia?

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The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019.   International news : Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It’s not a long list and much may not be accessible. The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery. The maximum spare capacity that could be brought into production in the coming weeks is estimated at about 3.9 million barrels a day. That figure should be treated as a exercise in optimism, though. It incl...

Trump to meet Modi, Imran soon; says progress made in reducing tensions

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According to Trump's schedule, he could meet the Pakistani Prime Minister on the sidelines of the UN General Assembly Session in New York later this month International news : US President Donald Trump on Monday said he will be meeting the prime ministers of India and Pakistan soon, even as he maintained that tension between the two Asian countries had reduced. While Trump will address Indian-Americans, along with PM Modi, at the "Howdy Modi!" event in Houston on September 22, the American president did not say when or where will he be meeting PM Khan. "I'll see Prime Minister Modi and I will -- we'll -- be meeting with (prime ministers of) India and Pakistan," Trump told reporters in response to a question at the White House on... read more

Trump's unprecedented gesture shows he considers Modi his friend: Pak envoy

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This would be the third meeting between Donald Trump and Narendra Modi International news : US President Donald Trump's decision to join Prime Minster Narendra Modi for the mega diaspora event "Howdy, Mody!" in Houston on September 22, suggests that Trump considers Modi to be his friend and ally, a former top Pakistani diplomat said Monday. "President Trump is signalling clearly that while he may have hosted (Pakistan) Prime Minister Imran Khan, it is Prime Minister Modi that he considers his ally and friend," former Pakistani Ambassador to the US, Husain Haqqani told PTI. Haqqani, 63, who has authored several bestselling books on Pakistan, is currently a senior fellow and director at the South and Central Asia... read more

Chinese vice finance minister to visit US to lay groundwork for trade talks

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Vice Premier Liu He has acted as President Xi Jinping's pointman in the trade talks with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer International news : A Chinese vice finance minister will visit the United States on Wednesday to lay the groundwork for trade talks next month, state media said. The United States and China have been embroiled in a bruising trade war for more than a year but they have eased off some of their tit-for-tat tariffs ahead of negotiations in October. The official Xinhua news agency said vice finance minister Liao Min will lead a delegation visiting the United States on Wednesday to "pave the way" for... read more

Hong Kong Exchange makes surprise $36.6 bn bid to buy London Stock Exchange

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Both firms have been involved in exchange merger deals in recent years   International news : Hong Kong Exchanges and Clearing Ltd. made an unexpected bid for London Stock Exchange Group Plc, which could potentially throw the European exchange’s own transformative deal into jeopardy. The transaction values one of Europe’s largest exchanges at 29.6 billion pounds ($36.6 billion), according to a HKEX a statement Wednesday. The Asian bourse operator had considered the ‘ambitious and far-reaching’ deal for many months, HKEX Chief Executive Officer Charles Li said. The LSE, which agreed to snap up data provider Refinitiv in a $27 billion blockbuster deal just weeks ago, declined to comment. Both firms have been involved in exchange merger deals in recent years, with LSE failing in its attempt to combine with Deutsche Boerse AG and HKEX acquiring London Metal Exchange in... read more

Boris Johnson's move to suspend Parliament unlawful, rules UK court

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Judges at Scotland's highest court in Edinburgh said Britain's Supreme Court must make the final decision. Britain's Prime Minister Boris Johnson attends a year six history class with pupils during a visit to Pimlico Primary school.   International news : Prime Minister Boris Johnson's decision to suspend the UK Parliament less than two months before Britain is due to leave the European Union was unlawful, a Scottish court ruled Wednesday, although it didn't order the suspension to be overturned. Judges at Scotland's highest court in Edinburgh said Britain's Supreme Court must make the final decision. A hearing there is due to begin Tuesday. A group of about 70 lawmakers is challenging the government's decision to prorogue, or formally shut down, Parliament, for five weeks until Oct. 14 just over two weeks before Britain is... read more

Apple's new iPhones to start at Rs 64,900, will be available from Sept 27

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he Cupertino-based tech giant has also revised prices of its older generation iPhone models in India with the iPhone 7 (32GB variant) now available at Rs 29,900 International news : Apple enthusiasts will be able to get their hands on the latest line-up of iPhones -- iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max — priced Rs 64,900 onwards from September 27. The Cupertino-based tech giant has also revised prices of its older generation iPhone models in India with the iPhone 7 (32GB variant) now available at Rs 29,900. "iPhone 11 Pro and iPhone 11 Pro Max are the most powerful and advanced smartphones we have ever made. They are packed with sophisticated technology that pros can count on to get their work done, and for anyone who wants the best device made, even if they are not a... read more

Trudeau dissolves parliament, launches campaign for general elections

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The parties have already been wooing voters with pre-election ads, announcements and whistle stops in key battlegrounds across the country International news : Canada Prime Minister Justin Trudeau requested the dissolution of Parliament on Wednesday in a meeting with Governor General Julie Payette, Queen Elizabeth II’s representative in Canada, marking the formal start of campaigning. Trudeau kicked off Canada’s election campaign on Wednesday, with polls showing his Liberals locked in a tight race with the opposition Conservative Party ahead of the October 21 vote. Neither of the two main parties is currently polling high enough — both are just north of 30 per cent — to win a majority of the 338 seats up for grabs, meaning the next Parliament could be... read more