Barack Obama 'Not Optimistic' On Syria As Aleppo Pummelled

November 21, 2016

Damascus/Syria, Nov 21: US President Barack Obama said he is "not optimistic" about Syria's future, as the UN warned time is running out to avoid a humanitarian catastrophe in Aleppo which has been pounded by air strikes for nearly a week.

obamaGovernment forces launched a ferocious assault last Tuesday to recapture eastern Aleppo, killing 115 civilians so far. In fresh fighting on Sunday at least eight children died when rebel rocket fire hit their school in the government-controlled west.

Obama warned that Syria's second city was likely to fall, and that Russian and Iranian backing for Syrian leader Bashar al Assad had made the situation untenable for the opposition.

"I am not optimistic about the short-term prospects in Syria," he said Sunday at a summit of Pacific leaders in Lima.

"Once Russia and Iran made a decision to back Assad in a brutal air campaign... it was very hard to see a way in which even a trained and committed moderate opposition could hold its ground for long periods of time."

Obama earlier Sunday urged greater efforts to end the violence when he met Russian President Vladimir Putin at the Asia-Pacific Economic Cooperation forum.

But in Damascus, UN envoy Staffan de Mistura was rebuffed on a truce proposal that would allow the opposition to administer the city's rebel-held east.

"We are running out of time, we are running against time," de Mistura said after meeting Foreign Minister Walid Muallem.

Muallem said he had rejected the proposal, under which jihadist forces would leave and the government would recognise the opposition administration in the east which has been bombarded by air strikes, barrel bombs and artillery.

"How is it possible that the UN wants to reward terrorists?" he asked.

Aid agencies fear that instead of a humanitarian or a political initiative there will be "an acceleration of military activities" in eastern Aleppo and elsewhere, de Mistura told journalists.

"By Christmas... due to military intensification, you will have the virtual collapse of what is left in eastern Aleppo; you may have 200,000 people moving towards Turkey -- that would be a humanitarian catastrophe."

'War crimes'

On Sunday, rebels retaliated with a barrage of rockets into government-held western Aleppo, state media said, hitting a primary school and killing at least eight children.

Syrian television showed bloodied and weeping children being treated in hospital, and an AFP journalist saw pupils being rushed from the school after the attack.

But regime forces broke through into the city's northeastern area of Massaken Hanano, sparking fierce clashes, the Syrian Observatory for Human Rights said.

It also reported heavy fighting as the army sought to gain ground in two eastern neighbourhoods.

The Britain-based monitoring group said at least 19 civilians including five children were killed in the east on Sunday. That brought to 115 the number of civilians killed since the bombardment resumed.

UN chief Ban Ki-moon condemned the indiscriminate shelling, saying it had killed and maimed civilians, destroyed schools and left the city's east without functioning hospitals.

"The Secretary-General reminds all parties to the conflict that targeting civilians and civilian infrastructure is a war crime," his office said in a statement.

"Those responsible for these and other atrocities in Syria, whoever and wherever they are, must one day be brought to account."

On Monday the UN Security Council is scheduled to meet in New York to discuss humanitarian efforts in Syria. Last week it decided to extend for another year a probe into chemical attacks in the country and who is responsible.

The regime offensive on eastern Aleppo has forced hospitals and schools to close and destroyed facilities for hard-pressed rescue workers.

Shelling on Friday destroyed one of the last hospitals there and staff were also forced to evacuate the area's only children's hospital because of repeated attacks.

Russia, which intervened militarily last year, says it is not involved in the current assault on Aleppo, and is instead concentrating its firepower on opposition and jihadist forces in neighbouring Idlib province.

But Damascus and its allies have made clear they want rebels expelled from eastern Aleppo, which fell from regime control in mid-2012.

More than 250,000 people remain in eastern Aleppo, which has been sealed off since government forces surrounded it in mid-July. No aid has entered the east since then and the siege has created food and fuel shortages.

More than 300,000 people have been killed in Syria since the conflict began with anti-government protests in March 2011.

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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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Agencies
April 2,2020
Thailand's controversial king has created a category of his own with his idea of self-isolation.
 
According to reports, King Maha Vajiralongkorn, also known as Rama X, has hired out an entire luxury hotel in Germany, where he has been 'self-isolating' with 20 women.
 
The luxury hotel, the Grand Hotel Sonnenbichl, is in the Alpine resort town of Garmisch-Partenkirchen.
 
The 67-year-old king is self-isolating with his entourage that includes a 'harem' of 20 concubines and several servants, reported Bild.
 
However, it is unclear if his four wives are currently living in the same hotel.

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News Network
February 13,2020

Feb 13: Two Indian crew on board a cruise ship off the Japanese coast have tested positive for the novel coronavirus, the Indian Embassy in Japan said on Wednesday as authorities confirmed that 174 people have been infected with the deadly disease.

The cruise ship Diamond Princess with 3,711 people on board arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship.

A total of 138 Indians, including passengers and crew, were on board the ship.

“Due to the suspicion of novel coronavirus (nCoV) infection, the ship has been quarantined by the Japanese authorities till February 19, 2020,” the embassy said in a statement.

“Altogether 174 people have been tested positive for nCoV, including two Indian crew members,” it said.

All the infected people have been taken to hospitals for adequate treatment, including further quarantine, in accordance with the Japanese health protocol, it said.

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