36 killed as explosions rock Istanbul airport

June 29, 2016

Istanbul, Jun 29: Three suicide bombers opened fire then blew themselves up in Istanbul's main international airport on Tuesday, killing 36 people and wounding close to 150 in what Turkey's prime minister said appeared to have been an attack by Islamic State militants.

Istanbul

One attacker opened fire in the departures hall with an automatic rifle, sending passengers diving for cover and trying to flee, before all three blew themselves up in or around the arrivals hall a floor below, witnesses and officials said.

The attack on Europe's third-busiest airport is one of the deadliest in a series of suicide bombings in Turkey, which is struggling to contain the spillover from neighboring Syria's civil war and battling an insurgency by Kurdish militants in its southeast.

Police fired shots to try to stop two of the attackers just before they reached a security checkpoint at the arrivals hall, but they detonated their explosives, a Turkish official said.

"It became clear with this incident again that terrorism is a global threat. This attack, targeting innocent people is a vile, planned terrorist act," Prime Minister Binali Yildirim told reporters at the airport.

"There is initial evidence that each of the three suicide bombers blew themselves up after opening fire," he said, adding that they had come to the airport by taxi and that preliminary findings pointed to Islamic State responsibility. The vast majority of those killed were Turkish nationals but foreigners were also among the dead, the official said.

"There was a huge explosion, extremely loud. The roof came down. Inside the airport it is terrible, you can't recognize it, the damage is big," said Ali Tekin, who was at the arrivals hall waiting for a guest when the attack took place. A woman named Duygu, who was at passport control having just arrived from Germany, said she threw herself onto the floor with the sound of the explosion. Several witnesses also reported hearing gunfire shortly before the attacks.

"Everyone started running away. Everywhere was covered with blood and body parts. I saw bullet holes on the doors," she said outside the airport. Almost seven hours after the attack, which started around 9:50 p.m., no group had claimed responsibility.

The attack bore similarities to a suicide bombing by Islamic State militants at Brussels airport in March which killed 16 people. A coordinated attack also targeted a rush-hour metro train, killing a further 16 people in the Belgian capital.

"FIRING AT ANYONE"

Paul Roos, 77, described seeing one of the attackers "randomly shooting" in the departures hall.

"He was just firing at anyone coming in front of him. He was wearing all black. His face was not masked. I was 50 meters (55 yards) away from him," said Roos, a South African returning to Cape Town with his wife after a holiday in southern Turkey.

"We ducked behind a counter but I stood up and watched him. Two explosions went off shortly after one another. By that time he had stopped shooting," Roos told Reuters.

"He turned around and started coming toward us. He was holding his gun inside his jacket. He looked around anxiously to see if anyone was going to stop him and then went down the escalator ... We heard some more gunfire and then another explosion, and then it was over." President Tayyip Erdogan said the attack should serve as a turning point in the global fight against militant groups.

"The attack, which took place during the holy month of Ramadan, shows that terrorism strikes with no regard for faith and values," he said in a statement.

"The bombs that exploded in Istanbul today could have gone off at any airport in any city around the world," he said, urging all governments to join forces against terrorism. The United States said it stood in solidarity with Turkey, its NATO ally, and that such attacks would only reinforce their joint determination. United Nations Secretary-General Ban Ki-moon stressed the need to intensify global efforts to combat extremism.

Ataturk is Turkey's largest airport and a major transport hub for travelers from around the world. Pictures posted on social media from the site showed wounded people lying on the ground inside and outside the international terminal.

A helicopter buzzed overhead as police evacuated the building. Dozens of passengers walked back down access roads with their luggage, trying to hail cabs. The U.S. embassy urged U.S citizens to avoid the area.

Authorities halted the takeoff of scheduled flights from the airport and passengers were transferred to hotels, a Turkish Airlines official said. Earlier an airport official said some flights to the airport had been diverted, although Yildirim said air traffic had later resumed.

In the United States, the Port Authority of New York and New Jersey reacted to the explosions by putting armed, high-visibility patrols at the three main airports in the New York metropolitan region.

Turkey has suffered a spate of bombings this year, including two suicide attacks in tourist areas of Istanbul blamed on Islamic State, and two car bombings in the capital, Ankara, which were claimed by a Kurdish militant group. In the most recent attack, a car bomb ripped through a police bus in central Istanbul during the morning rush hour, killing 11 people and wounding 36 near the main tourist district, a major university and the mayor's office.

Turkey, which is part of the U.S.-led coalition against Islamic State, is also fighting Kurdish militants in its largely Kurdish southeast. One person was killed on Dec. 23, 2015, when an explosion hit Istanbul's second airport, Sabiha Gokcen, located on the Asian side of the city. That attack was claimed by a Kurdish militant group.

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Rjan panday
 - 
Wednesday, 29 Jun 2016

ISIS is the baby of isreal no doubt...........they are trying to give bad name to islam.. isreal and jews the master mind of ISIS. RSS and ISIS are one coin two face.....

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Agencies
July 7,2020

Washington, Jul 7: The US House of Representatives Judiciary Committee will grill the CEOs of US tech giants Apple, Google, Facebook and Amazon during an antitrust hearing on July 27.

Apple's Tim Cook, Facebook's Mark Zuckerberg, Alphabet's Sundar Pichai and Amazon's Jeff Bezos will testify before the antitrust panel that is working on proposals to reform and regulate the digital market.

The hearing would mark the first time all four top executives testify together in front of Congress, virtually or in-person depending on the panel's call in the COVID-19 pandemic times.

"Since last June, the Subcommittee has been investigating the dominance of a small number of digital platforms and the adequacy of existing antitrust laws and enforcement," House Judiciary Committee Chairman Jerrold Nadler (D-NY) and Antitrust Subcommittee Chairman David Cicilline (D-RI) said in a statement on Monday.

"Given the central role these corporations play in the lives of the American people, it is critical that their CEOs are forthcoming. As we have said from the start, their testimony is essential for us to complete this investigation.”

The House Judiciary Committee announced its antitrust probe into the four tech giants in June last year.

Last month, the committee sent letters to technology giants Apple, Facebook, Amazon and Alphabet (Google's parent company), asking them to confirm if their chief executives will testify as part of the committee's tech competition investigation.

Committee chair David Cicilline said the documents that the investigators sought were "essential" to the probe and that requests like this were part of the "appropriate process" to obtain them.

"The only CEO who has expressed reservation about appearing, through a representative, has been Amazon," Cicilline said. "No one in this country is above the law ... nobody is above answering a congressional subpoena".

The lawmakers want the tech giants to furnish documents that have been produced in relation to other competition probes and internal communications.

The letters that the committee sent also posed questions related to possible harms to competition in the market.

In addition to the antitrust probe, Apple's App Store policies are also facing scrutiny from the US Department of Justice.

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News Network
April 8,2020

Washington, Apr 8: President Donald Trump has threatened to put a "very powerful" hold on US' funding to the World Health Organization, accusing the UN agency of being "very China centric" and criticising it for having "missed the call" in its response to the coronavirus pandemic.

Trump slammed the global health agency for its early guidance aimed at countering the international spread of the coronavirus.

"We're going to put a hold on money spent to the WHO. We're going to put a very powerful hold on it and we're going to see. It's a great thing if it works. But when they call every shot wrong, that's no good," Trump told reporters at his daily White House news conference on Tuesday.

The Geneva-headquartered World Health Organization (WHO), receives vast amounts of money from the United States.

"We pay for a majority or the biggest portion of their money. They actually criticized and disagreed with my travel ban at the time I did it. They were wrong. They've been wrong about a lot of things. They had a lot of information early and they didn't want to - they're very - they seem to be very China centric," Trump said.

The president said his administration was going to look into the US funding to the WHO.

"We give a majority of the money that they get, and it's much more than the USD 58 million. USD 58 million is a small portion of what they've got over the years. Sometimes they get much more than that. Sometimes it's for programs that they're doing, and-it's much bigger numbers. If the programmes are good, that's great as far as we're concerned," he said.

"But we want to look into it, WHO, because they called it wrong. They (WHO) called it wrong. They missed the call. They could've called it months earlier. They would have known and they should have known and they probably did know. So, we'll be looking into that very carefully, and we're going to put a hold on money spent to the WHO," Trump said.

Meanwhile, Senator Jim Risch, chairman of Senate Foreign Relations Committee, called for an independent investigation into the WHO's handling of the COVID-19 response.

"The WHO has failed not only the American people, it has failed the world with its flagrant mishandling of the response to COVID-19," said Risch.

WHO Director general Tedros Adhanom Ghebreyesus' apparent unwillingness to hold the Chinese Communist Party to even the minimum standard of global health and transparency hindered the world's ability to blunt the spread of this pandemic, he said.

"It is completely unacceptable that the world's global health organization has become a political puppet of the Chinese government," he alleged, adding that "an independent investigation into the WHO's handling of the COVID-19 response is imperative."

The United States is the largest contributor to the WHO.

"Our valuable tax payer dollars should go towards investments to prevent the spread of disease, not to aid and abet cover-ups that cost lives and isolate portions of the world's population on political grounds, as has been the case with Taiwan," Senator Risch said.

A bipartisan group of nearly two dozen lawmakers announced Tuesday to introduce a resolution to defund the WHO until Ghebreyesus resigns and an international commission investigates the organisation's role in covering up the Chinese Communist Party's failed COVID-19 response.

"The WHO helped the Chinese Communist Party hide the threat of COVID-19 from the world and now more than 10,000 Americans are dead, a number that is expected to rise dramatically in the coming weeks," Congressman Guy Reschenthaler alleged.

"The United States is the largest contributor to WHO. It is not right that Americans' hard-earned tax dollars are being used to propagate China's lies and hide information that could have saved lives. This bill will hold the WHO accountable for their negligence and deceit," he asserted.

The United States' intelligence community has reported that the Chinese government hid the threat of COVID-19 and, as a result, made it difficult for the rest of the world to respond early, appropriately and aggressively, said Congressman Fred Keller.

"For reasons beyond understanding, the WHO acted as a silent partner in this effort instead of protecting the lives of millions across the world, including hundreds of thousands of American citizens. Our hard-earned tax dollars should not go to a global organization more concerned with not offending the Chinese government than providing accurate information and protecting innocent lives," Keller said.

Senator Marco Rubio accused the Chinese Communist Party of using WHO "to mislead the world."

"The organisation's leadership is either complicit or dangerously incompetent. I will work with the Trump Administration to ensure that WHO is independent and has not been compromised by the CCP before we continue our current funding, he added.

According to Johns Hopkins University, there are over 1.43 million confirmed coronavirus cases across the world and over 82,000 people have died due to the disease. The US has nearly 400,000 infections, the highest in the world.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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