'Don't fear death': China's Xi urges blunt call to PLA

Agencies
January 5, 2018

Shanghai, Jan 5: President Xi Jinping has issued a blunt call for China's military to be ready for war and unafraid to die defending the country, as geopolitical tensions mount in Asia.

Xi's exhortation to the world's largest fighting force, parts of which were revealed only late Thursday, came during what state media characterised as a rare address by the Chinese leader to the country's entire military.

Xi cemented his status as China's most powerful leader in decades during an October Communist Party congress, and this week's rhetoric and images of massed soldiers and tanks seemed designed to back up his new strongman image.

China's military personnel should "neither fear hardship nor death," Xi told thousands of military personnel during an inspection visit Wednesday to the People's Liberation Army's Central Theater Command in northern Hebei province, according to the official Xinhua news agency.

Xi also called for the military, a once-backward force whose rapid modernisation over recent years has raised alarm in Asia and Washington, to continue upgrading.

He urged the PLA to step up research into high-tech means of warfare and engage in "real combat training", Xinhua said.

"Create an elite and powerful force that is always ready for the fight, capable of combat and sure to win in order to fulfil the tasks bestowed by the Party and the people in the new era," he was quoted saying.

As head of the Communist Party's Central Military Commission, Xi is commander-in-chief of China's more than two-million-strong armed forces.

Xinhua called Xi's address to the troops "the first time for the commission to hold a mobilisation meeting for the whole armed forces."

Other media reports said thousands of troops elsewhere in the country assembled at their installations to hear his speech.

Since taking office in 2012, Xi has pushed for a muscular China, including calls in October to develop a "world-class" Chinese army by 2050.

China's neighbours have watched warily as the PLA has upgraded its arsenal with increasing sophisticated weaponry and sought to create a more effective and professional fighting force.

Analysts say Xi is very unlikely to risk putting China's still-untested new prowess into an outright military confrontation.

But concerns have grown as Beijing has imposed increasingly assertive claims to vast expanses of the contested South China Sea, while engaging in confrontations with Japan over disputed islands in the East China Sea, and with India over Himalayan regions.

Temperatures also have risen over North Korean leader Kim Jong-Un thumbing his nose at the world by repeatedly testing his country's banned nuclear weapons and missiles, while exchanging tit-for-tat threats with US President Donald Trump.

During his visit to the military command, Xi was shown in combat fatigues inspecting troops, tanks, sniper training, and peering down the sights of an automatic rifle.

State media also said he paid a visit to an exhibit detailing the PLA's experience battling American-led forces during the Korean War.

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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
January 8,2020

New Delhi, Jan 8: Iran will welcome any peace initiative by India for de-escalating its tensions with the US after the killing of Iranian military commander Qasem Soleimani, the Iranian envoy here said on Wednesday.

His comments come hours after Iran launched missile strikes against two US military bases in Iraq in retaliation to the killing of its top commander General Qassem Soleimani.

"India usually plays a very good role in (maintaining) peace in the world. At the same time, India belongs to this region. We welcome all initiatives from all countries, especially India as a good friend for us, to not allow escalation (of tensions)," Iranian Ambassador to India Ali Chegeni told reporters after a condolence meeting for Solemani at the country's embassy here.

"We are not for war, we are looking for peace and prosperity for everybody in this region. We welcome any Indian initiative or any project that can help peace and prosperity in this world," he said.

On the Iranian attack on US targets in Iraq, Chegeni said his country retaliated under its right to defend.

Amid spiralling US-Iran tensions over the killing of Soleimani, External Affairs Minister S Jaishankar on Sunday had a conversation with his Iranian counterpart Javad Zarif and US Secretary of State Mike Pompeo, voicing India's concerns over the escalation of tensions.

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Agencies
August 1,2020

Mexico City, Aug 1: The number of people, who have died of COVID-19 in Mexico, has risen by 688 to 46,688 within the past 24 hours, Deputy Health Minister Hugo Lopez-Gatell said.

The number of victims in Mexico is now higher than in the United Kingdom, where 46,119 people have died of the disease. The largest number of fatalities - 153,311 - has been recorded in the United States, while Brazil comes second with 92,475 deaths.

Lopez-Gatell also said on late Friday that the number of confirmed coronavirus cases had increased by 8,458 to 424,637 over the past day.

A day earlier, the Latin American nation recorded 7,730 new cases of the coronavirus, with 639 fatalities.

The World Health Organisation (WHO) declared the COVID-19 outbreak a pandemic on March 11. To date, over 17.5 million people have been infected with the coronavirus worldwide, with over 677,000 fatalities, according to Johns Hopkins University.

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