Detention of Yameen's half-brother likely to split loyalties of Maldives forces

Agencies
February 7, 2018

Malé, Feb 7: The political crisis in the Maldives deepened this week after embattled President Abdulla Yameen declared a state of emergency and ordered the arrest of top judges and a former president.

The upmarket holiday paradise does not often find itself in the news but a shock Supreme Court decision last week ordering the release of top opposition politicians has triggered a furious response from authoritarian ruler Yameen.

How will the latest round of political strife play out in the Indian Ocean archipelago?

What's going on?

Yameen, who came to power in 2013, has presided over an escalating crackdown on dissent that has battered the Maldives' reputation. He has jailed almost all the political opposition.

The Maldives was plunged into fresh chaos this week after the president refused to comply with the Supreme Court's Thursday order to release nine dissidents and restore the seats of 12 legislators sacked for defecting from Yameen's party.

The Supreme Court ruling gives the opposition the majority in the assembly — meaning they could potentially impeach the president.

In a stunning blow to the regime, it also paves the way for exiled former president Mohamed Nasheed — the first democratically elected leader who was controversially convicted of terrorism in 2015 — to return and run for president this year.

On Monday, Yameen sent soldiers to storm the court and arrest judges, with Maldives police also detaining Yameen's estranged half-brother and former president Maumoon Abdul Gayoom, who had sided with the main opposition.

Hundreds of people gathered outside the court complex and police used pepper spray to disperse the crowds.

Where do the security forces stand?

The head of the armed forces is publicly backing Yameen.

"The Maldives military will not stand by and watch the Maldives go into a crisis," military chief Ahmed Shiyam said Sunday, warning he would not obey "unlawful orders" from the Supreme Court.

But as ex-president Gayoom — who ruled for 30 years until 2008 elections — was led out of his house, riot police saluted him, according to the local Maldives Independent website, and analysts have warned his arrest could split the security forces as he still commands deep respect.

The emergency declaration gives sweeping powers to security forces to arrest and detain individuals, curtails the powers of the judiciary and bars parliament from impeaching Yameen.

The opposition says it shows Yameen is "desperate" and Nasheed, who has previously expressed fears of unrest in the troubled Indian Ocean nation, said it amounted to imposing martial law.

Yameen has drawn close to China and Saudi Arabia during his time in office, with both countries investing heavily in the tiny tourist archipelago in the Indian Ocean, and may feel he has enough support to weather the storm.

How did we get here?

Mohamed Nasheed became the country's first democratically elected president in 2008 and swiftly became an international celebrity because of his urgent pleas to address climate change. He held a cabinet meeting underwater to highlight the low-lying archipelago's plight.

The country has been locked in a slow-burn political crisis since Yameen won a controversial run-off against Nasheed in 2013 presidential elections.

During his time in power "President Yameen has systematically alienated his coalition, jailed or exiled every major opposition political figure, deprived elected Members of Parliament of their right to represent their voters... revised laws to erode human rights (and fired) any officials who refuse orders," the US State Department said.

What about the tourists?

The tensions have already hurt the tourism industry — the largest contributor to the country's economy — despite government assurances that visitors are safe.

China — the number one source of tourists for the Maldives — and neighbouring India have already warned their national to defer all non-essential travel, and the UK and the US have warned their nationals to exercise caution in Male.

In 2015, when the government declared a state of emergency because of fears of terrorism, tourist booking plummeted which hit economic growth hard.

Nearly 1.4 million foreigners visited the Maldives last year, up from 1.28 million the previous year.

What happens next?

All eyes are on the security forces to see what will happen now that Gayoom is in detention and whether further street protests will break out despite the state of emergency.

Nasheed has already said he will run again in elections scheduled for this year and has called for regional superpower India to intervene.

Yameen, who has previously faced several unsuccessful opposition attempts to impeach him for alleged corruption, looks determined to fight off all challenges to his rule

Opposition legislators have also called on the international community to pressure Yameen.

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News Network
June 11,2020

Beijing, Jun 11: Floods and mudslides in south China have uprooted hundreds of thousands of people and left dozens dead or missing, state media reported Thursday.

The bad weather has wreaked havoc on popular tourist areas that had already been battered by months of travel restrictions during the coronavirus outbreak.

Torrential downpours unleashed floods and mudslides that caused nearly 230,000 people to be relocated and destroyed more than 1,300 houses, official state news agency Xinhua reported, citing the Ministry of Emergency Management.

In southern Guangxi Zhuang Autonomous Region, six people were reported dead and one missing, Xinhua said.

Streets were waterlogged in popular tourist destination Yangshuo, forcing residents and visitors to evacuate on bamboo rafts.

The local government said more than 1,000 hotels had been flooded and more than 30 tourist sites damaged.

One owner of a family-run hotel told Xinhua that the guest rooms were submerged in one metre (three feet) of rainwater.

The extreme weather has dealt a hefty blow to the region's tourism sector, which is still reeling from the COVID-19 epidemic.

The emergency management ministry said there were direct economic losses of over 4 billion yuan (more than $550 million) from the flooding, Xinhua reported.

In Hunan Province, at least 13 people were killed in rain-triggered disasters, and another eight people are missing or killed in southwestern Guizhou province, according to the local emergency response departments, Xinhua said.

The heavy downpours began at the beginning of June and have led to "dangerously high water levels" in 110 rivers, Xinhua reported.

Further rainstorms are expected in the next few days across the south.

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News Network
July 1,2020

As Peru begins to ease its strict coronavirus lockdown, the country's biggest LGBTQ nightclub opened its doors on Tuesday, but there will be no nighttime revellers; its dance floor will instead be filled with shelves stocked with groceries.

Instead of slinging cocktails at the bar or dancing on stage, ValeTodo Downtown's famed staff of drag queens will sell customers daily household products as the space reopens as a market while nightclubs are ordered to remain closed.

The Peruvian government will lift the lockdown in most regions of the country at the beginning of July but will keep borders closed, as well as nightclubs and bars.

The lockdown has been a struggle for the club's 120 employees like drag queen Belaluh McQueen. Her life completely changed when the government announced the quarantine. Her nights were spent at home, rather than performing as a dancer at the club in vivid-coloured costumes.

"I was very depressed because I have been doing this art for years, but you have to adapt to new challenges for the future," said McQueen, who is identified by her stage name.

Now McQueen is back to work as a grocery store employee, wearing a sequined suit, high heels and a mask. A DJ will play club music as patrons shop. "We have a new job opportunity," McQueen added.

Renamed as Downtown Market, the club, which has been a mainstay hallmark of the local LGBTQ community, ushered in its reopening with an inauguration ceremony.

"Before, I used to come here to dance and have a good time, but now we come to buy," said Alexandra Herrera, a regular attendee of the club. "The thing is to reinvent yourself."

The club's general manager, Claudia Achuy, said that the pandemic impacted the heart of Lima nightlife, but she chose to reopen as a market rather than risk cutting staff. "If we had just stayed as a nightclub we did not have a close horizon or a way of working," Achuy said.

Peru's confirmed coronavirus cases rose to 282,364 with 9,504 associated deaths on Monday, according to government data. It has the second-highest outbreak in Latin America after Brazil, according to a Reuters tally.

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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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