Barack Obama Says US Will Retaliate Against Russian Hacking

December 16, 2016

Washington/United States, Dec 16: Barack Obama on Thursday said the United States would retaliate against Russian hacking after the White House accused Vladimir Putin of direct involvement in cyberattacks designed to influence the US election.

obamaThe outgoing US president's remarks dramatically upped the stakes in a dispute between the world's leading nuclear powers over interference that may have swayed last month's tight election in which Republican billionaire Donald Trump defeated Democrat Hillary Clinton.

"I think there is no doubt that when any foreign government tries to impact the integrity of our elections that we need to take action," Obama told NPR radio.

"And we will, at a time and place of our own choosing."

Pointing the finger at the Russian president over meddling in the election also puts the White House on a collision course with Trump, who has become increasingly isolated in questioning Russian involvement in hacks of Democratic Party emails that appeared to have slowed the momentum of Clinton's campaign.

Obama is expected to be peppered with questions about the dispute and any subsequent action when he holds a news conference on Friday at 2:15 pm (1915 GMT) before leaving for a vacation in Hawaii.

"I don't think things happen in the Russian government of this consequence without Vladimir Putin knowing about it," one of his top advisers, Ben Rhodes, said earlier Thursday.

"Everything we know about how Russia operates and how Putin controls that government would suggest that, again, when you're talking about a significant cyber intrusion like this, we're talking about the highest levels of government," he told MSNBC television.

"And ultimately, Vladimir Putin is the official responsible for the actions of the Russian government."

'Not a joke'

White House spokesman Josh Earnest echoed his comments, saying the decision by US intelligence agencies in October to blame "Russia's senior-most officials" was not meant to be "particularly subtle."

Trump caused outrage in July by suggesting that Russia find 30,000 missing emails related to Clinton's use of a private server when she was secretary of state. Surrogates dismissed it as a joke, but he repeated his call on Twitter.

"I don't think anybody at the White House thinks it's funny that an adversary of the United States engaged in malicious cyber activity to destabilize our democracy. That's not a joke," Earnest said on Thursday.

"Mr Trump obviously knew that Russia was engaged in malicious cyber activity that was helping him and hurting Secretary Clinton's campaign," he added.

Asked if the White House believes Russia successfully rigged the election, however, he told reporters that there were a "variety of potential explanations, and that's more of a question for analysts of politics than it is for analysts of intelligence."

Trump, who blasted as "ridiculous" a reported CIA assessment that Russia was trying to help him win, has continued to question Russian involvement in hacks of damaging Democratic Party emails.

He used a campaign-style victory rally in Pennsylvania on Thursday to hit out against Earnest, calling him "this foolish guy" and questioning whether he was talking to Obama to boos from the crowd.

"Having the right press secretary is so important because he is so bad the way he delivers the message," said the president-elect, who has yet to appoint one for his own incoming administration.

'Ridiculous nonsense'

"If Russia, or some other entity, was hacking, why did the White House wait so long to act? Why did they only complain after Hillary lost?" Trump tweeted earlier on Thursday.

The 70-year-old billionaire now appears increasingly isolated.

The assessment by the Central Intelligence Agency and the Federal Bureau of Investigation that Russia was involved has been accepted throughout government and by top Republican Senators.

On Wednesday, senior Republican Senator Lindsey Graham said he was informed by the FBI in August that his own campaign had been hacked.

"My goal is to put on President Trump's desk crippling sanctions against Russia," he said. "They need to pay a price."

Former CIA director Michael Hayden called Trump "the only prominent American that has not yet conceded that the Russians conducted a massive covert influence campaign against the United States."

A Kremlin spokesman on Thursday rejected the allegations of Putin's involvement as "ridiculous nonsense."

As for Trump's assertion that no one addressed the issue before the election, Obama has repeatedly said both the Democratic National Committee and the Republican National Committee were apprised of the hacking and the Russian threat well before November 8.

In Congress, senior legislators are demanding a broad investigation and declassification of at least some of the secret CIA and FBI reports.

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Agencies
July 17,2020

Washington, Jul 17: US President Donald Trump's economic adviser Larry Kudlow has said that TikTok may cut off ties to its Chinese parent and become a 100 per cent American company to circumvent demands to ban it as India has done.

"I think TikTok is going to pull out of the holding company which is China-run and operate as an independent American company," he told reporters at the White House on Thursday.

The US has not made a final decision on whether to ban it - which has been suggested by Secretary of State Mike Pompeo, he said.

TikTok being divested by ByteDance Technology Company "is a much better solution than banning or pushing away", said Kudlow, who is the Director of the National Economic Council.

He said that its services will be located in the US and "it will become an hundred per cent American company".

If it becomes a US company without Chinese links, India may have to reconsider the ban on the short video app wildly popular in the country.

India banned TikTok along with 58 other Chinese apps on June 29 citing threats to its defence and national security.

The ban came after a deadly clash between Indian and Chinese troops along the Line of Actual Control in Ladakh.

Under Beijing's National Security Law, all Chinese companies have to provide intelligence requested by the government, creating risks for users and their countries.

India was TikTok's biggest market outside of China, where it operates as Douyin.

There were about 200 million users in India and over 300 million downloads.

The US comes next with over 30 million users for the app.

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News Network
April 17,2020

Beijing, Apr 17: China denied Friday it had covered up the extent of its coronavirus outbreak, as it responded to growing questions from Western powers led by the United States.

A foreign ministry spokesman acknowledged that the virus's rapid spread had contributed to undercounting that resulted in China raising its death toll earlier Friday, but he added "there has never been any concealment, and we'll never allow any concealment."

The allegations China is too close to the World Health Organization (WHO), were an attempt at "smearing" Beijing, Zhao said.

US President Donald Trump has questioned China's handling of the pandemic and whether it had been completely transparent since the virus emerged in the central city of Wuhan late last year.

On Thursday, British Foreign Secretary Dominic Raab and French President Emmanuel Macron also expressed doubts about China's virus response.

These doubts were spotlighted again on Friday when authorities in Wuhan, which has borne the brunt of Chinese deaths, abruptly raised its death toll by 50 percent -- or 1,290 deaths -- to a new total of 3,869.

That also pushed the nationwide death toll up sharply to 4,632, based on official national data released earlier in the day.

Wuhan authorities cited several reasons for the missed cases, including that the city's medical staff were overwhelmed in the early days as infections climbed, leading to "late reporting, omissions or mis-reporting".

Zhao said such miscounting was to be expected in the initial stages of a major disease outbreak.

US President Donald Trump -- under fire himself for initially denying the seriousness of the pandemic -- has accused the WHO of doing the same and being too trusting of China's assurances over the outbreak.

On Tuesday he announced a suspension of US funding to the world body.

Asked about the US allegations, Zhao defended the WHO and China.

"I think they are all smearing China and cooking up stories about China," he said, without specifying which countries he was referring to.

China has largely brought the contagion under control domestically via tough measures including the unprecedented lockdown of Wuhan and tens of millions of people in surrounding areas, but not before it spread worldwide.

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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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