Chinese President Xi Jinping opens world's longest sea-crossing bridge

Agencies
October 23, 2018

Zhuhai, Oct 23: The world's longest sea bridge connecting Hong Kong, Macau and mainland China was launched on Tuesday at a time when Beijing is seeking to tighten its grip on its semi-autonomous territories.

It was launched by President Xi Jinping at an opening ceremony in the mainland city of Zhuhai this morning, but details of the event were kept secret.

The 55-kilometre (34-mile) crossing, which includes a snaking road bridge and underwater tunnel, links Hong Kong's Lantau island to Zhuhai and the gambling enclave of Macau, across the waters of the Pearl River Estuary.

It is the second major infrastructure project tying Hong Kong to mainland China to launch in a matter of weeks, after the opening of a high-speed rail link last month.

Critics say the multi-billion-dollar bridge is one more way to integrate Hong Kong into China as fears grow that the city's cherished freedoms are being eroded.

The mega-bridge will open to traffic on Wednesday, a day after the ceremony. Building began in 2009 and has been dogged by delays, budget overruns, corruption prosecutions and the deaths of construction workers.

The launch ceremony was hastily announced last week by mainland authorities with Hong Kong lawmakers and transport companies complaining they had been left in the dark.

Supporters of the project promote it as an engineering marvel that will also boost business and cut travel time, while others see it as a politically driven and costly white elephant.

The main bridge section is considered mainland territory and Hong Kong cars and drivers travelling over it "must comply with the laws and regulations of the mainland", according to the city's transport department.

Hong Kong residents will only be granted a licence to cross into Zhuhai by car if they meet highly selective criteria, including holding certain mainland government positions or making major contributions to charities in the southern Chinese province of Guangdong.

Most people will need to travel the bridge on coaches and buses.

Internet users in Hong Kong complained about the bridge's restricted access ahead of the launch.

"Such a huge investment using the Hong Kong taxpayer's money... Yet basically it is not open to us at all," said one comment on the South China Morning Post website.

Some Hong Kong media reported that the physical condition of drivers would be monitored by cameras, including an alert sent if a driver yawns more than three times in 20 seconds.

The opening of the high-speed rail link also sparked criticism as it saw Chinese security stationed on Hong Kong soil for the first time at the city's terminus.

Critics accused the Hong Kong government of giving away territory to an increasingly assertive Beijing.

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News Network
May 3,2020

London, May 3: The British government had a contingency plan for prime minister Boris Johnson’s death as his condition deteriorated while he battled COVID-19 last month in intensive care, Johnson said in an interview with The Sun newspaper.

Johnson returned to work on Monday, a month after testing positive for COVID-19. Johnson, 55, spent 10 days in isolation in Downing Street from late March, but was then was taken to London’s St Thomas’ Hospital where he received oxygen treatment and spent three nights in intensive care.

“They had a strategy to deal with a ‘death of Stalin’-type scenario,” Johnson, 55, was quoted as saying by The Sun. “It was a tough old moment, I won’t deny it.”

After Johnson was discharged, St Thomas’ said it was glad to have cared for the prime minister, but the hospital has given no details about the gravity of his illness beyond stating that he was treated in intensive care.

Johnson and his fiancée, Carrie Symonds, on Saturday announced the name of their newly born son as Wilfred Lawrie Nicholas, partly as a tribute to two of the intensive care doctors who they said had saved Johnson’s life.

“The doctors had all sorts of arrangements for what to do if things went badly wrong,” Johnson said of his COVID-19 battle. “The bloody indicators kept going in the wrong direction.”

He said doctors discussed invasive ventilation.

“The bad moment came when it was 50-50 whether they were going to have to put a tube down my windpipe,” he said. “That was when it got a bit . . . they were starting to think about how to handle it presentationally.”

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
June 3,2020

Washington, Jun 3: US President Donald Trump's administration on Tuesday announced investigations into foreign digital services taxes it says are aimed squarely at American tech firms.

Following a similar trade investigation against France last year, the US Trade Representative office now is looking into taxes in Britain and the European Union, as well as Indonesia, Turkey and India.

"President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies," USTR Robert Lighthizer said in a statement.

"We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination."

Washington opposes the efforts to tax revenues from online sales and advertising, saying they single out US tech giants like Google, Apple, Facebook, Amazon and Netflix.

The US and France have agreed to negotiate till the end of the year over a digital services tax Paris approved in 2019, after USTR found them to be discriminating and threatened retaliatory duties of up to 100 percent on French imports such as champagne and camembert cheese.

Trump has embroiled the US in numerous trade disputes since taking office in 2017, including a months-long trade war with China that cooled with the signing of a partial deal in January.

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