Donald Trump Praises Vladimir Putin For Holding Back In US-Russia Spy Dispute

December 31, 2016

Moscow, Dec 31: US President-elect Donald Trump on Friday praised Russian President Vladimir Putin for refraining from retaliation in a dispute over spying and cyber attacks, in another sign that the Republican plans to patch up badly frayed relations with Moscow.

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Putin earlier on Friday said he would not hit back for the US expulsion of 35 suspected Russian spies by President Barack Obama, at least until Trump takes office on January 20.

"Great move on delay (by V. Putin) - I always knew he was very smart!" Trump wrote on Twitter.

Obama on Thursday ordered the expulsion of the Russians and imposed sanctions on two Russian intelligence agencies over their involvement in hacking political groups in the November 8 US presidential election.

"We will not expel anyone," Putin said in a statement, adding that Russia reserved the right to retaliate.

"Further steps towards the restoration of Russian-American relations will be built on the basis of the policy which the administration of President D Trump will carry out," he said.

Trump has repeatedly praised Putin and nominated people seen as friendly toward Moscow to senior administration posts, but it is unclear whether he would seek to roll back Obama's actions, which mark a post-Cold War low in US-Russian ties.

Trump has brushed aside allegations from the CIA and other intelligence agencies that Russia was behind the cyber attacks. "It's time for our country to move on to bigger and better things," Trump said on Thursday, though he said he would meet with intelligence officials next week.

US intelligence agencies say Russia was behind hacks into Democratic Party organizations and operatives before the presidential election. Moscow denies this. US intelligence officials say the Russian cyber attacks aimed to help Trump defeat Democrat Hillary Clinton.

Russian officials have portrayed the sanctions as a last act of a lame-duck president and suggested Trump could reverse them when he takes over from Obama, a Democrat.

Russian Foreign Ministry spokeswoman Maria Zakharova called the Obama administration "a group of embittered and dim witted foreign policy losers."

Should Trump seek to heal the rift with Russia, he might encounter opposition in Congress, including from fellow Republicans.

Republican John McCain, chairman of the Senate Armed Services Committee, has scheduled a hearing for Thursday on foreign cyber threats. Other senior Republicans, as well as Democrats, have urged a tough response to Moscow.

A total of 96 Russians are expected to leave the United States including expelled diplomats and their families.

MOVEMENT AT COMPOUNDS

As part of the sanctions, Obama told Russia to close two compounds in New York and Maryland that the administration said were used by Russian personnel for "intelligence-related purposes."

In both locations, the Russians were given until noon on Friday to vacate the premises. Convoys of trucks, buses and black sedans with diplomatic license plates exited without incident.

In Maryland, some passengers smiled and waved as they rode away.

A former Russian Foreign Ministry employee told Reuters that the facility in Maryland was a dacha used by diplomatic staff and their children. The 45-acre complex includes a Georgian-style brick mansion, swimming pool, tennis courts and cottages for embassy staff.

Russia's UN ambassador, Vitaly Churkin, said the closures showed the US government lacked family values.

"I think it's quite scandalous that they chose to go after our kids, you know? They know full well that those two facilities ... they're vacation facilities for our kids. And this is Christmas time," he told reporters.

Putin said he was inviting all children of American diplomats accredited in Russia to the New Year and Christmas party in the Kremlin.

In a separate message of New Year congratulations to Trump, Putin said Russia-US relations were an important factor for maintaining global safety and stability.

Obama had promised consequences after US intelligence officials blamed Russia for hacks intended to influence the 2016 election. Officials accused Putin of personally directing the efforts and primarily targeting Democrats.

Washington also put sanctions on two Russian intelligence agencies, the GRU and the FSB, four GRU officers and three companies that Obama said "provided material support to the GRU's cyber operations."

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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News Network
April 24,2020

Washington, Apr 24: The number of coronavirus cases in the US has surpassed 850,000, Johns Hopkins University Coronavirus Resource Center data revealed on Thursday (local time).
The country now has registered 8,56,209 cases overall, according to the data, including 47,272 deaths.

The US currently leads the world in the number of reported COVID-19 deaths and confirmed cases.

There are more than 2.6 million COVID-19 cases around the world and more than 1,85,000 deaths, according to the data.

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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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