Deposed South Korean president arrested, jailed after long saga

March 31, 2017

South

Seoul, Mar 31: South Korea's disgraced former President Park Geun-hye was arrested and jailed Friday over high-profile corruption allegations that have already ended her tumultuous four-year rule and prompted an election to find a successor. A convoy of vehicles, including a black sedan carrying Park, entered a detention facility near Seoul before dawn after the Seoul Central District Court granted a prosecutors' request to arrest her.

Many Park supporters waved national flags and shouted “president” as Park's car entered the facility. An opponent held up a mock congratulatory ribbon with flowers that read “Park Geun-hye, congratulations for entering prison. Come out as a human being after 30 years.”

Prosecutors can detain her for up to 20 days before formally charging her. The Seoul court's decision is yet another humiliating fall for Park, South Korea's first female president who was elected in 2012 amid overwhelming support from conservatives, who recall her dictator father as a hero who lifted the country from poverty in the 1960-70s despite a record of severe human rights abuses.

Prosecutors accuse Park of colluding with a confidante to extort big businesses, take a bribe from one of the companies and commit other wrongdoing. The allegations led millions of South Koreans to protest in the streets every weekend for months before lawmakers impeached her in December and the Constitutional Court ruled in March to formally remove her from office.

It made Park the country's first democratically elected leader to be forced from office since democracy came here in the late 1980s. South Korea will hold an election in May to choose Park's successor. Opinion surveys say liberal opposition leader Moon Jae-in, who lost the 2012 election to Park, is the favorite.

Prosecutors can charge Park without arresting her. But they said they wanted to arrest her because the allegations against her are “grave” and because other suspects involved the scandal, including her confidante Choi Soon-sil and Samsung heir Lee Jae-yong, have already been arrested. The Seoul court said it decided to approve Park's arrest because it believes key allegations against her were confirmed and there were worries that she may try to destroy evidence.

Park's conservative party described her arrest as “pitiful,” while the liberal politician favored in polls to succeed her said the country took a step toward restoring “justice and common sense.”

The camp of Moon Jae-in, who lost the 2012 presidential race to Park, said in a statement that the nation should now “turn the page on painful history” and focus on creating a fair and clean country.

A day earlier, Park was questioned at a court hearing for nearly nine hours. As she left for the hearing, hundreds of her supporters, many of them elderly citizens, gathered at her private Seoul home. They wept, chanted slogans and tried to block Park's car before being pushed back by police.

In the coming weeks, prosecutors are expected to formally charge Park with extortion, bribery and abuse of power. Her bribery conviction alone is punishable by the minimum 10 years in prison and the maximum life imprisonment in South Korea.

Prosecutors believe Park conspired with Choi and a top presidential adviser to bully 16 business groups, including Samsung, to donate 77.4 billion won ($69 million) for the launch of two nonprofits that Choi controlled. Company executives said they felt forced to donate in fear of retaliatory measures including state tax investigations.

Park and Choi are accused of separately receiving a bribe from Samsung and colluding with top officials to blacklist artists critical of Park's policies to deny them state financial assistance programs, according to prosecutors. Park also is alleged to have passed on state secrets to Choi via a presidential aide.

Park and Choi deny most of the allegations. Park has said she only let Choi edit some of her presidential speeches and got her help on “public relations” issues. Choi made similar statements. The women, both in their 60s, have been friends for 40 years. Park once described Choi as someone who helped her when she had “difficulties,” an apparent reference to her parents' assassinations in the 1970s.

Park's father, Chung-hee, was gunned down by his own intelligence chief in 1979, five years after his wife was killed in an assassination attempt that targeted him. Park Geun-hye served as first lady after her mother's death.

After her father's killing, Park Geun-hye left the presidential Blue House and secluded herself from the public eye before she entered politics in the late 1990s — when public nostalgia for her father emerged after the country's economy was hit hard by the Asian financial crisis. She had since become an icon of South Korean conservatives, earning the nickname “Queen of Elections” for her ability to led her conservative party to win tight elections.

Park now becomes South Korea's third head of state to be jailed after leaving office.

Former presidents Chun Doo-hwan and Roh Tae-woo, both previously army generals, received a life sentence and a 17-year prison term, respectively, in 1996 on charges including treason and bribery. They were released in December 1997 on a special presidential amnesty.

Chun and Roh staged a 1979 coup that put Chun in power more than eight years after Park Chung-hee's death. Roh was elected president in 1987 after Chun's government caved to massive pro-democracy protests and accepted direct, free elections. In 2009, prosecutors questioned former liberal President Roh Moo-hyun over corruption allegations, but they later closed the investigation after Roh leaped to his death.

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News Network
July 18,2020

Global coronavirus infections passed 14 million on Friday, according to a Reuters tally, marking the first time there has been a surge of 1 million cases in under 100 hours.

The first case was reported in China in early January and it took three months to reach 1 million cases. It has taken just four days to climb to 14 million cases from 13 millionrecorded on July 13.

The United States, with more than 3.6 million confirmed cases, is still seeing huge daily jumps in its first wave of Covid-19 infections. The United States reported a daily global record of more than 77,000 new infections on Thursday, while Sweden has reported 77,281 total cases since the pandemic began.

Despite the surging cases, a cultural divide is growing in the country over wearing masks to slow the spread of the virus, a precaution routinely taken in many other nations.

U.S. President Donald Trump and his followers have resisted a full-throated endorsement of masks and have been calling for a return to normal economic activity and reopening schools despite the surging cases.

COVID-19 Pandemic Tracker: 15 countries with the highest number of coronavirus cases, deaths

Other hard-hit countries have “flattened the curve” and are easing lockdowns put in place to slow the spread of the novel virus while others, such as the cities of Barcelona and Melbourne, are implementing a second round of local shutdowns.

The number of cases globally is around triple that of severe influenza illnesses recorded annually, according to the World Health Organization.

The pandemic has now killed more than 590,000 people in almost seven months, edging towards the upper range of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities then surged in Europe and later in the United States.

The Reuters tally, which is based on government reports, shows the disease is accelerating the fastest in the Americas, which account for more than half the world’s infections and half its deaths.
In Brazil, more than 2 million people have tested positive including President Jair Bolsonaro, and more than 76,000 people have died.

India, the only other country with more than 1 millioncases, has been grappling with an average of almost 30,000 new infections each day for the last week.

Those countries were the main drivers behind the World Health Organization on Friday reporting a record one-day increase in global coronavirus cases of 237,743.

In countries with limited testing capacity, case numbers reflect only a proportion of total infections. Experts say official data likely under-represents both infections and deaths.

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Agencies
April 20,2020

Hong Kong, Apr 20: Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States.

US crude benchmark West Texas Intermediate briefly plunged almost 20 percent to below 15 -- its lowest since 1999 -- as stockpiles continue to build owing to a crash in demand caused by the COVID-19 pandemic.

Analysts said this month's agreement between top producers to slash output by 10 million barrels a day was having little impact on the oil crisis because of lockdowns and travel restrictions that are keeping billions of people at home.

WTI was hit particularly hard as its main US storage facilities in Cushing, Oklahoma, were filling up.

ANZ said "crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment".

"Despite the OPEC+ alliance agreeing to an unprecedented cut in output, the physical market is awash with oil," it said, referring to the Organization of the Petroleum Exporting Countries and non-OPEC partners.

And AxiCorp's Stephen Innes added: "It's a dump at all cost as no one... wants delivery of oil, with Cushing storage facilities filling by the minute.

"It hasn't taken long for the market to recognise that the OPEC+ deal will not, in its present form, be enough to balance oil markets." Stock traders were in slightly more buoyant mood as governments start to consider how and when to ease lockdowns that have crippled the global economy.

Italy, Spain, France and Britain reported drops in daily death tolls and slowing infection rates.

"We are scoring points against the epidemic," said Prime Minister Edouard Philippe, while insisting "we are not out of the health crisis yet".

Meanwhile, in the US, Andrew Cuomo, governor of badly hit New York state, said the disease was "on the descent", though he cautioned it was "no time to get cocky".

Mounting evidence suggests that the lockdowns and social distancing are slowing the spread of the virus.

That has intensified planning in many countries to begin loosening curbs on movement and easing the crushing pressure on national economies.

Adding to the sense of hope was a report indicating promising research on a drug to treat coronavirus.

Hong Kong, Shanghai and Seoul were each up 0.1 percent, while Wellington added 0.4 percent.

However, Tokyo went into the break 0.9 percent lower, while Sydney and Manila dropped one percent apiece. There were also losses in Taipei, Singapore and Jakarta.

"The longer investors have to contemplate future economic issues while they wait for more countries to be on the downward slope of the pandemic curve, the more scope there is of risk assets pricing in a difficult future," Chris Iggo, of AXA Investment Managers UK, said.

Investors are keeping an eye on Washington, where Congress and the White House are working towards a 450 billion economic relief plan for small business to add to the trillions already pledged to support the economy.

Big-name companies including IBM, Netflix and Coca-Cola are due to deliver their earnings reports.

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News Network
June 22,2020

Karachi, Jun 22: India-born renowned Pakistani Shia scholar and author Talib Jauhari passed away here after a prolonged illness. He was 80.

Jauhari, who was born on August 27, 1939 in Patna, is survived by his three sons, Dawn News reported on Monday.

He migrated to Pakistan along with his father in 1949, two years after the Partition.

After obtaining early education from his father, he went to Iraq where he studied religion for 10 years under the renowned Shia scholars of that time.

Jauhari, who was on a ventilator in the intensive care unit of a private hospital for the past 15 days, breathed his last on Sunday night.

His son Riaz Jauhari confirmed his death and said that the body has been shifted to Ancholi Imambargah for the funeral prayers, The Express Tribune newspaper quoted his son as saying.

Jauhari was respected among his sect as he was a class fellow of the widely revered scholar Ayatollah Sayyid Ali al-Husayni al-Sistani.

He was also a poet, historian and philosopher and authored many books.

Pakistan Prime Minister Imran Khan has condoled Jauhari's death.

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