128 nations including India vote against Trump's move on Jerusalem

Agencies
December 22, 2017

Washington, Dec 22: India today joined 127 other countries to vote in the United Nations General Assembly in favour of a resolution opposing the recent decision of US President Donald Trump to recognise Jerusalem as Israel's capital.

Nine countries voted against the resolution, while as many as 35 countries abstained.

India's decision to vote against American recognition of Jerusalem as the Israeli capital comes a day after Trump warned countries against opposing the US position. India did not speak on the floor of the Assembly in New York, but after Trump recognised the holy city of Jerusalem as the capital of Israel, it had said that its Palestine position was independent and consistent.

In her intervention at the NAM ministerial meeting on Palestine on the sidelines of the UN General Assembly, External Affairs Minister Sushma Swaraj had said the path to Israel-Jerusalem peace clearly lay in an early negotiated solution between Israel and Palestine based on mutual recognition and security arrangements.

The UN General Assembly resolution moved by Turkey and Yemen stressed that Jerusalem was a final status issue to be resolved through negotiations.

It demanded that all States comply with Security Council resolutions regarding Jerusalem, and not recognise any actions or measures contrary to those resolutions.

In his address to the UN general Assembly, Turkish Foreign Minister Mevlut Cavusoglu said that Trump's decision was an outrageous assault to all universal values.

"The Palestinians have the right to their own state based on 1967 borders with East Jerusalem as its capital," he said.

"This is the main parameter and only hope for a just and lasting peace in the region. However, the recent decision of a UN Member State to recognise Jerusalem, or Al-Quds, as the capital of Israel, violates international law, including all relevant UN resolutions," Cavusoglu said.

The eight countries that joined the US in voting against the Turkish resolution were Honduras, Israel, Marshall Islands, Micronesia, Nauru, Palau, and Togo.

Among the major countries who abstained the voting were Australia, Bhutan, Canada, Columbia, Hungry, Mexico, Panama, the Philippines, Poland and Uganda.

Strongly supporting Trump's decision US Ambassador to the UN Nikki Haley warned that the US may strip funding of those countries that voted against its Jerusalem move.

"The United States will remember this day in which it was singled out for attack in the General Assembly. We will remember it when we are called upon to, once again, make the world's largest contribution to the United Nations," Haley told the General Assembly.

"America will put our embassy in Jerusalem. That is what the American people want us to do, and it is the right thing to do. No vote in the United Nations will make any difference on that. But this vote will make a difference in how Americans view the UN," the top American diplomat said.

Trump had warned against cutting funds yesterday. "Let them vote against us, we'll save a lot. We don't care. This isn't like it used to be where they could vote against you and then you pay them hundreds of millions of dollars and nobody knows what they're doing," Trump told reporters at White House yesterday.

Early this week, the US had vetoed a similar resolution in the Security Council. The resolution passed by the General Assembly has no legal implications on the UN member countries.

Trump praised Haley for taking a tough position on Jerusalem at the world body yesterday and warned the countries who voted against the US that America will not be "taken advantage" of anymore.

"All these nations take our money and then vote against us at the Security Council," Trump told his Cabinet members at a meeting at the White House.

He was referring to the isolation of the US in the UN Security Council when all 14 members of the apex body joined hands against Trump's recognition of Jerusalem as capital of Israel.

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News Network
July 12,2020

New Delhi, Jul 12: With the highest single-day spike of 28,637 new cases and 551 deaths being reported in the last 24 hours, India's COVID-19 count reached 8,49,553 on Sunday.

According to the Union Health and Family Welfare Ministry, this includes 2,92,258 active cases, and 5,34,621 cured and discharged or migrated patients. The toll due to the disease has reached 22,674 in the country.

Maharashtra with 2,46,600 cases continues to be the worst affected state by COVID-19 in the country. The state has 99,499 active cases while 1,36,985 patients have been cured and discharged so far. The death toll due to the disease now stands at 10,116.

Tamil Nadu with 1,34,226 cases, including 46,413 active ones, is the next worst affected in the country. While the number of cured and discharged patients is at 85,915 in the state, the toll due to the disease is at 1,898.

The national capital has recorded 1,10,921 confirmed cases so far. However, the number of active cases in Delhi is at 19,895 and 87,692 patients have been cured and discharged so far. With 3,334 deaths being reported due to COVID-19 in the city. 

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News Network
June 26,2020

New Delhi, Jun 26: With the highest single-day spike of 17,296 COVID-19 cases reported in the last 24 hours, India's COVID-19 count reached 4,90,401 on Friday, said the Union Ministry of Health and Family Welfare (MoHFW).

The country also saw 407 deaths in the last 24 hours, which pushed the death toll to 15,301.

The total number of cases includes 1,89,463 active cases, 2,85,637cured/discharged/migrated cases, as per the MoHFW.

According to the Indian Council of Medical Research (ICMR), the total number of samples tested up to June 25 is 77,76,228; the number of samples tested on 25 June is 2,15,446.

Maharashtra remains the worst-affected state in the country with 1,47,741 cases. The active cases in the state are 63,357. The number of people cured or discharged stands at 77,453 while the death toll is at 6,931.

Delhi has so far reported 73,780 cases. The active cases in the national capital stood at 26,586. While the cured and discharged numbers stood at 44,765. The death toll in the city is 2,429.

Tamil Nadu has so far reported 70,977. With active cases at 30,067 and the number of cured or discharged at 39,999, while the death toll stood at 911.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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