Donald Trump calls India a true friend: US official

Agencies
December 14, 2018

Washington, Dec 14: President Donald Trump calls India a "true friend", a top American diplomat has said as she highlighted the steps taken by the US over the last two years to strengthen its ties with India for the benefit of a broader Indo-Pacific region.

Principal deputy assistant secretary of state for south and central Asia Alice Wells' remarks came at a farewell reception hosted by the State Department in honour of the outgoing Indian Ambassador to the US, Navtej Singh Sarna.

"President Trump calls India a true friends and Secretary (of State Mike) Pompeo has characterise the US-India bilateral relationship as one deeply bound by our shared values," she said.

Top officials of the state department and the White House were present at the farewell reception for Sarna held at the historic Blair House, which is the official guest house of the US president. It is quite rare that the Blair House is used for a State Department farewell reception for an outgoing diplomat.

The US tenure of Sarna, who is retiring from Indian foreign service after an illustrious career of 38 years, has been extraordinary, Wells told the select audience.

Sarna took charge as India's ambassador to the US on November 5, 2016.

"Over the last two years, we have been able to host Prime Minister (Narendra) Modi here in Washington for a successful summit with President Trump," Wells said.

During Sarna's tenure, the two countries have inaugurated a new 2 +2 Dialogue to elevate their cooperation on security and strategic priorities for the benefit of their people and for the benefit of a broader Indo-Pacific region where the leadership of the two nations matters so much.

"Under your leadership in our countries have negotiated and finalised a landmark communications compatibility and security agreement, which makes our military cooperation more profound and advanced. We have also taken significant steps to build on India's status as a US major defense partner, including elevating India to strategic trade authorization, tier one status," Wells said.

"In your engagements with Americans across the country and also with the more than three million Indian Americans and this incredibly vibrant business leaders, the students, the technologist, the artist, you really helped bring our people in other countries together," she said as she praised Sarna.

Sarn said that the successful visit of Prime Minister Modi in June 2017 was the high point of his term here in Washington DC.

"The fact that the outcomes were so strong from the visit, the personal chemistry between Prime Minister Modi and President trump was so, so evident… and the joint statement that we came out with really set the chart for the months to follow," the Indian Ambassador said.

Listing some of the major highlights of his posting in US, Sarna said "today we can look back on and say that, well, yes, we are truly strategic global partners".

"We have found a huge amount of understanding for our political space, for our strategic autonomy, for the needs of our economy, for our role, for our taking into account our art history and our regional position vis a vis several other countries," he said.

"I think this entire process of building the bilateral relationship has been to work with each other to find while each country fulfils its national objectives - the US as well as India - at the same time, we find ways and means of growing together," he said.

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News Network
July 14,2020

Washington, Jul 14: Florida on Sunday reported a record 15,300 new coronavirus cases, the most by any state in a single day even as the coronavirus cases in the country have surged to 3,363,056.

The Washington Post reported that the huge number was result of both increased testing and widespread community transmission. The numbers shattered previous highs of 11,694 reported by California last week and 11,571 reported by New York on April 15.

Natalie E. Dean, an assistant professor of biostatistics at the University of Florida wrote that with Florida largely open for business, he doesn't expect this surge to slow.

Nationally, the conversation over reopening has become increasingly fraught amid the newly soaring case numbers, with much of the debate centering on whether schools should open their doors in the fall, reported the Post.

The Health workers in California and Texas too are facing an influx of COVID-19 patients where officials reported seven day averages for new cases - 8,664 and 9060 respectively.

According to the report, Florida has reported nearly 70,000 cases in last week alone, the most of any state.

Even though the COVID-19 cases are surging, Florida Gov. Ron DeSantis has stuck to an aggressive reopening plan with state officials recently ordering schools to reopen five days a week in the new academic year.

The state is also set to hold the Republican National Convention next month in Jacksonville's VyStar Veterans Memorial Arena, an indoor facility that seats about 15,000, reported Washington Post.

Seven-day averages for new cases -- considered a more reliable indicator of the virus's impact than single-day totals -- hit new highs in Alabama, Florida, Mississippi, Montana, North Carolina, Oklahoma and Puerto Rico.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
April 24,2020

Toronto, Apr 25: Canadian Prime Minister Justin Trudeau on Thursday (local time) announced a new CAD 1.1 billion package supporting vaccine research and clinical trials as well as expanded testing capacity.

"We are putting in place an additional CAD 1.1 billion dollars for a national medical and research strategy to address COVID-19," Trudeau said during his daily novel coronavirus pandemic briefing on Thursday.

"This plan has three pillars -- research on vaccines and other treatments, support for clinical trials and expanding national testing and modelling," he added.

Trudeau pointed out that CAD 82 million of the total sum will be directed to the development of a vaccine and treatments against the virus, while CAD 471 million will go towards supporting clinical trials.

A further CAD 249 million is being allocated for expanding testing capacity and modelling, the Prime Minister added.

According to Trudeau, this funding will be allotted to a new "immunity task force" commissioned with conducting serology testing -- blood tests looking for the presence of antibodies indicative of exposure to the virus and subsequent immune response.

He said the taskforce, comprising the country's top medical experts, including Chief Public Health Officer Dr Theresa Tam, will test at least a million Canadians over the next two years.

The funding announced today comes in addition to the CAD 200 million committed for COVID-19-related research on March 11.

Trudeau has repeatedly stressed the daily constraints that much of the population is adhering to will be the new normal until a vaccine is developed.

As of Thursday, Canada has confirmed a total of 40,824 COVID-19 cases since the onset of the outbreak, out of which more than 2,000 have proven to be fatal, according to the latest figures from the country's public health agency.

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