122 countries adopt global treaty banning nuclear weapons

Agencies
July 8, 2017

United Nations, Jul 8: A global treaty banning nuclear weapons was adopted at the United Nations on Friday despite opposition from the United States, Britain, France and other nuclear powers that boycotted negotiations.

nuclear

The treaty was adopted by a vote of 122 in favor with one country -- NATO member The Netherlands voting against -- while Singapore abstained.

Loud applause and cheers broke out in the UN conference hall following the vote that capped three weeks of negotiations on the text providing for a total ban on developing, stockpiling or threatening to use nuclear weapons.

Nuclear-armed states have dismissed the ban as unrealistic, arguing it will have no impact on reducing the global stockpile of 15,000 atomic weapons.

"Is there anyone that believes that North Korea would agree to a ban on nuclear weapons?" asked US Ambassador Nikki Haley when negotiations began in March. "There is nothing I want more for my family than a world with no nuclear weapons, but we have to be realistic."

But supporters hailed a historic achievement.

"We have managed to sow the first seeds of a world free of nuclear weapons," said Costa Rica's ambassador, Elayne Whyte Gomez, the president of the UN conference that negotiated the treaty.

Led by Austria, Brazil, Mexico, South Africa and New Zealand, 141 countries joined in drafting the treaty that they hope will increase pressure on nuclear states to take disarmament more seriously.

None of the nine countries that possess nuclear weapons -- the United States, Russia, Britain, China, France, India, Pakistan, North Korea and Israel -- took part in the negotiations or the vote.

Even Japan -- the only country to have suffered atomic attacks, in 1945 -- boycotted the talks as did most NATO countries.

Nuclear powers argue their arsenals serve as a deterrent against a nuclear attack and say they remain committed to the nuclear Non-Proliferation Treaty (NPT).

The decades-old NPT seeks to prevent the spread of atomic weapons but also puts the onus on nuclear states to reduce their stockpiles.

Impatience however is growing among many non-nuclear states over the slow pace of disarmament as are worries that weapons of mass destruction will fall into the wrong hands.

Disarmament campaigners say the treaty will go a long way in increasing the stigma associated with nuclear weapons and will have an impact on public opinion.

"The key thing is that it changes the legal landscape," said Richard Moyes, director of the British-based organization Article 36.

"It stops states with nuclear weapons from being able to hide behind the idea that they are not illegal."

"We hope that today marks the beginning of the end of the nuclear age," said Beatrice Fihn, director of the International Campaign to Abolish Nuclear Weapons.

"It is beyond question that nuclear weapons violate the laws of war and pose a clear danger to global security. "

Opponents believe the treaty will fail to advance nuclear disarmament.

"We are very critical of this movement because it will give false hopes" and create unreasonable expectations, said a diplomat from a country opposed to the ban.

The treaty will be open for signatures as of September 20 and will enter into force when 50 countries have ratified it.

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News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

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News Network
July 23,2020

Minneapolis, Jul 23: The former Minneapolis police officer charged with murder in the death of George Floyd was charged Wednesday with multiple felony counts of tax evasion.

Derek Chauvin and his wife, Kellie May Chauvin, were each charged in Washington County with six counts of filing false or fraudulent tax returns for the tax years 2014 through 2019 and three counts of failing to file tax returns for 2016, 2017 and 2018.

Floyd, a Black man who was handcuffed, died May 25 after Chauvin, who is white, pressed his knee against Floyd's neck for nearly eight minutes as Floyd pleaded for air.

Chauvin is charged with second-degree murder, third-degree murder and manslaughter. He and three other officers who were at the scene were fired.

Chauvin is in custody on the charges in the Floyd case. Kellie Chauvin, who filed for divorce after Floyd's death, is not in custody.

Online court records didn't list attorneys for either in the tax evasion case, and calls to Kellie Chauvin did not go through.

Washington County Attorney Pete Orput said the investigation into the Chauvins was started in June by the Minnesota Department of Revenue and Oakdale Police Department.

Authorities allege in the criminal complaints that the Chauvins failed to file income tax returns and pay state income taxes, and that they underreported and underpaid taxes on income they earned from various jobs each year.

The complaints allege that they also failed to pay proper sales tax on a $100,000 BMW purchased in Minnesota in 2018.

Prosecutors say the Chauvins bought the car in Minnetonka but registered it in Florida, where they paid lower sales taxes.

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News Network
April 9,2020

Paris, Apr 9: More than 1.5 million cases of the novel coronavirus have been registered worldwide, according to a tally compiled by AFP at 0530 GMT Thursday from official sources.

Of the 1,502,478 infections, 87,320 people have died across 192 countries and territories since the epidemic first emerged in China late last year.

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections. Many countries are only testing the most serious cases.

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