Another blast rocks Austin, but unrelated to other bombings

Agencies
March 21, 2018

Austin (US), Mar 21: Emergency teams rushed today to another reported explosion in Austin -- this one at a Goodwill store -- but police and federal authorities said the blast wasn't related to recent bombings that have killed and injured people and caused panic across Texas' capital for weeks.

Police and emergency response teams said an "incendiary device" exploded, injuring a man in his 30s. Nearby stores, shopping centres and restaurants were evacuated. But police and the US Bureau of Alcohol, Tobacco, Firearms and Explosives said a short time later that it was unrelated to the previous blasts.

Gary Davis, president and CEO of Goodwill Texas, stood outside a police barrier huddling with other Goodwill employees. He said the device was contained in a bag and detonated when a worker moved it.

"We put all the donations we get in a big cardboard box. He pulled something out in a bag, completely normal, and the device went off," Davis said.

He added: "In this town if an incendiary device goes off, everybody just scatters and panics. We're all on edge." That incident came as investigators who have pursued a suspected serial bomber terrorising Austin for weeks uncovered what seemed like valuable new leads.

Even before the report of today's explosion, it had already been a busy day. Before dawn, a bomb inside a package exploded around 1 am (local time) as it passed along a conveyor belt at a FedEx shipping centre near San Antonio, causing minor injuries to a worker.

The Austin Police Department, the FBI and other federal agencies confirmed that the package centre blast was related to four previous ones that killed two people and seriously injured four others.

That explosion occurred at a FedEx facility in Schertz, northeast of San Antonio and about 95 kilometres southwest of Austin.

Later in the day, police sent a bomb squad to a FedEx facility outside the Austin airport to check on a suspicious package that was reported. Federal agencies and police later said that package had indeed contained an explosive that was successfully intercepted and that it, too, was tied to the other bombings.

Authorities also closed off an Austin-area FedEx store where they believe the bomb that exploded was shipped to the distribution centre. They roped off a large area around the shopping centre in the enclave of Sunset Valley and were collecting evidence, including surveillance camera footage.

US Rep. Michael McCaul, a Republican from Austin who is chairman of the House Homeland Security Committee, said that investigators have obtained surveillance videos that "could possibly" show a suspect, but are still poring through video.

"I hope his biggest mistake was going through FedEx," McCaul, who has spoken to federal investigators and Austin Police Chief Brian Manley, said of the bomber in a phone interview.

He added that the person responsible for the bombings had previously been "very sophisticated in going around surveillance cameras."

"They've got a couple of videos that could possibly be the person but they're not sure at this point," McCaul said. Before it exploded, the package had been sent from Austin and was addressed to a home in Austin, Texas Attorney General Ken Paxton said.

In a statement, FedEx officials said the same person responsible for sending the package also shipped a second parcel that has been secured and turned over to law enforcement. A company spokeswoman refused to say if that second package might have been linked to the one reported at the distribution centre near the airport.

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Agencies
February 26,2020

Tokyo, Feb 26: Two more Indians onboard quarantined cruise ship -- Diamond Princess -- were tested positive for novel coronavirus, the Indian embassy here said on Tuesday, adding that those Indians not infected by the virus will be repatriated to the homeland on February 26.

A total of 16 Indian nationals onboard the luxury ship -- quarantined off the coast of Japan since February 5 -- have been tested positive for coronavirus so far, the embassy informed.

"A chartered flight is being arranged to repatriate Indian nationals onboard #DiamondPrincess, provided they have (a) consented; (b) not tested positive for #COVID19; (c) cleared by the medical team. An email advisory to this effect, with details, has been sent to them," the embassy tweeted.

The repatriation of the Indian nationals will be facilitated by the Indian government.

"PCR test results for ALL Indian nationals declared-02 more Indians tested positive to #COVID19, taking the total to 16. Those fulfilling conditions and consenting to repatriation to India on 26 Feb being facilitated by the Indian Government. Details shared with them," the following tweet read.

A total of 138 Indians, including 132 crew and 6 passengers, were among the 3,711 people on board the luxury cruise ship which was quarantine off Japan on February 5 after it emerged that a former passenger had tested positive for the virus.

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Agencies
March 6,2020

Up to 2,241 new cases of COVID-19 have been reported across the globe as of Thursday, bringing the total count to 95,333, according to the latest official data by the World Health Organization (WHO).

Five countries, territories and areas reported COVID-19 cases for the first time in the past 24 hours, the Xinhua news agency reported.

WHO Director-General Tedros Adhanom Ghebreyesus emphasised the importance of implementing a comprehensive approach to mitigate the impact of the virus in a briefing on Wednesday.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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