Erdogan declares referendum victory as opposition cries foul

April 17, 2017

Istanbul, Apr 17: Turkish President Recep Tayyip Erdogan declared victory today in a historic referendum that will tighten his grip on power, but the knife-edge result left the country bitterly divided, with the opposition crying foul.

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Opponents fear the sweeping constitutional changes, which would grant Erdogan more power than any leader since modern Turkey's founder Mustafa Kemal Ataturk and his successor Ismet Inonu, would lead the country to one-man rule.

The result could also have even wider implications for Turkey which joined NATO in 1952 and for the last half-century has set its sights on joining the European Union.

The 'Yes' campaign won 51.3 percent of the vote against 48.7 percent for 'No', the election commission said in figures quoted by state news agency Anadolu, in a count based on 99 percent of the ballot boxes.

As huge crowds of flag-waving supporters celebrated, Erdogan praised Turkey for taking a "historic decision".

"With the people, we have realised the most important reform in our history," he added.

The referendum was held under a state of emergency that has seen 47,000 people arrested in an unprecedented crackdown after the failed military putsch against Erdogan in July last year.

In a nail-biting end to a frenetic campaign, the 'No' share of the vote climbed as more ballots were counted, after lagging well behind in the early count, but failed to overtake the 'Yes'.
"The presidential system, according to unofficial results, has been confirmed with a 'Yes' vote," Prime Minister Binali Yildirim told jubilant supporters from the balcony of the headquarters of the ruling Justice and Development Party (AKP) in Ankara.

"This is a decision made by the people. In our democracy's history, a new page has opened," said Yildirim, whose job will disappear under the constitutional changes.

The victory margin was less than predicted by the authorities and in an interview with state television on Friday, Erdogan had predicted a far clearer victory saying polls showed a 55-60 percent share of the vote.

But voting patterns showed Turkey deeply divided over the changes, with the 'No' vote victorious in the country's three biggest cities.

The 'Yes' vote held up strongly in Erdogan's Anatolian heartland but the Aegean and Mediterranean coastal regions and Kurdish-dominated southeast had backed the 'No' camp.

In a major disappointment for the president, the 'No' vote was just ahead in his hometown of Istanbul and in the capital Ankara and clearly ahead in the third city of Izmir.

But Turkey's two main opposition parties said they would challenge the results after alleged violations.

The pro-Kurdish Peoples' Democratic Party (HDP) said it would challenge two-thirds of the votes, saying: "There is an indication of a 3-4 percentage point manipulation of the vote."
The deputy head of the Republican People's Party (CHP), Erdal Aksunger, also said it could appeal up to 60 percent of the vote.

"Believe me, this election is not over," he told CNN Turk, quoted by the Dogan news agency. "This is totally invalid. We are declaring this here."

The opposition had already complained that the referendum has been conducted on unfair terms, with 'Yes' posters ubiquitous on the streets and opposition voices squeezed from the media.

Closely watched on Monday will be the initial assessment of the international observer mission of the OSCE Office for Democratic Institutions and Human Rights (ODIHR) and the Parliamentary Assembly of the Council of Europe (PACE).

Erdogan again warned Brussels the he would sign any bill agreed by parliament to reinstate capital punishment, a move that would automatically end Turkey's EU bid.

If the opposition failed to support the bill, Erdogan said another referendum could be held on reinstating the death penalty.

Western reactions to the referendum outcome will be crucial after Erdogan accused Turkey's allies of failing to show sufficient solidarity in the wake of the July 15 failed coup.

Erdogan said: "We would like other countries and institutions to show respect to the decision of the nation."

The new presidential system would dispense with the office of prime minister and centralise the entire executive bureaucracy under the president, giving Erdogan the direct power to appoint ministers.

The system would come into force after the elections in November 2019. Erdogan, who became president in 2014 after serving as premier from 2003, could then seek two more five- year terms.

Supporters see the new system as an essential modernisation step for Turkey that will remove the risk of the political chaos that blighted the 1990s and is blamed for the 2000-2001 financial crisis.

Opponents fear it risks granting Erdogan authoritarian powers and allow him to ride roughshod over key institutions like the judiciary and parliament.

"I don't think he (Erdogan) will reverse course. I don't think Erdogan will change the robust and muscular approach to politics that he has adopted so far," said Fadi Hakura, Turkey expert at London-based Chatham House think tank.

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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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News Network
February 22,2020

Feb 22: A 20-year-old Chinese woman from Wuhan, the epicentre of the coronavirus outbreak, travelled 400 miles(675 km) north to Anyang where she infected five relatives, without ever showing signs of infection, Chinese scientists reported on Friday, offering new evidence that the virus can be spread asymptomatically.

The case study, published in the Journal of the American Medical Association, offered clues about how the coronavirus is spreading, and suggested why it may be difficult to stop.

"Scientists have been asking if you can have this infection and not be ill? The answer is apparently, yes," said Dr. William Schaffner, an infectious disease expert at Vanderbilt University Medical Center, who was not involved in the study.

China has reported a total of 75,567 cases of the virus known as COVID-19 to the World Health Organization (WHO) including 2,239 deaths, and the virus has already spread to 26 countries and territories outside of mainland China.

Researchers have reported sporadic accounts of individuals without any symptoms spreading the virus. What's different in this study is that it offers a natural lab experiment of sorts, Schaffner said.

"You had this patient from Wuhan where the virus is, travelling to where the virus wasn't. She remained asymptomatic and infected a bunch of family members and you had a group of physicians who immediately seized on the moment and tested everyone."

According to the report by Dr Meiyun Wang of the People's Hospital of Zhengzhou University and colleagues, the woman travelled from Wuhan to Anyang on Jan. 10 and visited several relatives. When they started getting sick, doctors isolated the woman and tested her for coronavirus. Initially, the young woman tested negative for the virus, but a follow-up test was positive.

All five of her relatives developed COVID-19 pneumonia, but as of Feb. 11, the young woman still had not developed any symptoms, her chest CT remained normal and she had no fever, stomach or respiratory symptoms, such as cough or sore throat.

Scientists in the study said if the findings are replicated, "the prevention of COVID-19 infection could prove challenging."

Key questions now, Schaffner said, are how often does this kind of transmission occur and when during the asymptomatic period does a person test positive for the virus.

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April 9,2020

Washington, Apr 9: At least 11 Indians have died of COVID-19 in the United States with another 16 testing positive for the infection which has claimed more than 14,000 lives and afflicted more than four lakh people in the US.

All Indian citizens who have succumbed to the deadly infection in the US are male, with ten of them from New York and New Jersey area. Four of the victims are said to be taxi drivers in New York City.

New York City has emerged as the US epicentre for COVID-19 spurt, accounting for more than 6,000 deaths and over 1,38,000 cases of infections. New Jersey accounts for 1,500 fatalities and nearly 48,000 infections.

One Indian national reportedly died in Florida because of coronavirus. Authorities are also ascertaining the nationality of some other Indian origin people in the States of California and Texas.

All 16 Indians, including four females, who have tested positive for coronavirus are in self-quarantine. Coming from diverse background, eight of them are from New York, three from New Jersey and rest from other states like Texas and California. They hail from Indian states like Uttarakhand, Maharashtra, Karnataka and Uttar Pradesh.

Indian Embassy and consulates across the United States are working closely with local authorities and Indian-American organizations to provide necessary assistance to Indian nationals and students affected with COVID-19.

Because of the strict travel restrictions and regulations to prevent the spread of the deadly virus, local city officials have been performing the last rites of the deceased and in many cases are not allowing even their immediate family members to attend their cremations, officials said.

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