Ethiopian army chief, regional president killed

Agencies
June 23, 2019

Addis Ababa, Jun 23: Ethiopia's army chief and the president of a key region have been shot dead in a wave of violence highlighting the political instability in the country as Prime Minister Abiy Ahmed tries to push through reforms.

The latest unrest in the Horn of Africa nation flared on Saturday afternoon in Amhara, one of nine autonomous regions, when a "hit squad" attacked a meeting of top officials, Abiy's office said Sunday.

Spokeswoman Billene Seyoum told journalists the attack was led by Amhara's security chief Asaminew Tsige, and resulted in regional president Ambachew Mekonnen and another top official being shot.

The men were "gravely injured in the attack and later died of their wounds," she said.

"Several hours later in what seems like a coordinated attack, the chief of the staff of the national security forces Seare Mekonnen was killed in his home by his bodyguard" in the capital Addis Ababa, she added.

Also shot dead was a retired general who had been visiting him, Billene added.

The bodyguard has been apprehended while Asaminew is still on the loose, sources said.

The link between the two attacks was not immediately clear.

The internet has been cut nationwide since Saturday evening, after being severed for much of the previous week.

A journalist in the regional capital Bahir Dar told AFP shooting had begun shortly after sunset and continued for several hours before ceasing.

The United States embassy issued alerts about reported gunfire in the capital Addis Ababa, and violence around Amhara's main city Bahir Dar.

An analyst said Saturday's incident showed the seriousness of the political crisis in Ethiopia, where efforts by Abiy to loosen the iron-fisted grip of his predecessors and push through reforms have unleashed a wave of unrest.

"These tragic incidents, unfortunately, demonstrate the depth of Ethiopia's political crisis," said International Crisis Group analyst William Davison.

"It is now critical that actors across the country do not worsen the instability by reacting violently or trying to exploit this unfolding situation for their own political ends," the expert said.

Amhara in Ethiopia's northern highlands is the homeland of the ethnic group by the same name and is the birthplace of many of its emperors as well as the national language Amharic.

The Amhara are the second-largest ethnic grouping after the Oromo, and both spearheaded two years of anti-government protests which led to the resignation of former prime minister Hailemariam Desalegn.

Abiy, an Oromo, took power in April 2018 and has been lauded for a string of efforts to reform a nation which has known only the authoritarian rule of emperors and strongmen.

He has embarked on economic reforms, allowed dissident groups back into the country, sought to crack down on rights abuses and arrested dozens of top military and intelligence officials He also sealed a peace deal with neighbouring Eritrea, a longtime foe.

However, the loosening of the reins has also unleashed a wave of unrest.

Ethiopia's 1995 constitution, written by the Ethiopian People's Revolutionary Democratic Front (EPRDF) after it unseated the Derg military junta in 1991, partitioned the country into nine autonomous regions with borders following ethnic lines.

The EPRDF itself is a coalition of four parties from Oromia, Amhara, Tigray and the Southern Nations, Nationalities, and Peoples' Region.

Observers say that Abiy's plans to hold an election in 2020 have stirred up resentment in local politics, with other regional parties contesting the hold of those within the EPRDF, and seen a rise in ethnonationalism.

At the same time, longstanding tensions in a country of more than 80 ethnic groups have burst into the open, often over land and resources in Africa's second-most-populous nation.

Over a million people have been displaced by ethnic clashes, which analysts attribute to multiple causes, such as the weakening of the once all-powerful ruling EPRDF and different groups trying to take advantage of opportunities presented by the political transition.

In other regions, dozens of people have been killed in the last few months in clashes between residents of northern Benishangul Gumuz and Amhara states.

The security chief Asaminew, accused of being behind the attack in Amhara, was in 2018 released from prison after being held over a 2009 coup plot by the armed opposition group Ginbot 7 and Davison described him as an Amhara hardliner.

The coup attempt comes a year after a grenade explosion at a rally Abiy was addressing left two people dead.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
February 24,2020

New Delhi, Feb 24: The shared values between India and the US are "discrimination, bigotry, and hostility towards refugees and asylum seekers", Amnesty International USA said in a joint statement with Amnesty International India ahead of US President Donald Trump's visit to India on Monday.

Trump, accompanied by his wife Melania, daughter Ivanka and son-in-law Jared Kushner as well as senior officials of his administration, landed in Ahmedabad on the first leg of his two-day visit to India.

"Anti-Muslim sentiment permeates the policies of both U.S. and Indian leaders. For decades, the U.S.-India relationship was anchored by claims of shared values of human rights and human dignity. Now, those shared values are discrimination, bigotry, and hostility towards refugees and asylum seekers,” Margaret Huang, Amnesty International USA’s executive director, was quoted as saying in the statement.

It was a reference to the anti-CAA protests in India, the internet lockdown in Jammu and Kashmir and the Muslim ban expansion by President Trump affecting Nigeria, Eritrea, Myanmar, Kyrgyzstan, Sudan and Tanzania, the statement said.

It added that Amnesty International USA’s researchers travelled to Lebanon and Jordan to conduct nearly 50 interviews with refugees that as a result of the previous version of the ban have been stranded in countries where they face restrictive policies, increasingly hostile environments, and lack the same rights as permanent residents or citizens.

The statement also came down hard on the Indian government, hitting out at the Citizenship (Amendment) Act (CAA) 2019 and saying it legitimises discrimination based on religious grounds.

It criticised statements such as “identify them (the protestors) by their clothes” or “shoot the traitors” by Prime Minister Modi and his party workers. Such remarks "peddled the narrative of fear and division that has fuelled further violence", it said.

“The internet and political lockdown in Kashmir has lasted for months and the enactment of CAA and the crackdown on protests has shown a leadership that is lacking empathy and a willingness to engage. We call on President Trump and Prime Minister Modi to work with the international community and address our concerns in their bilateral conversations,” Avinash Kumar, executive director, Amnesty International India said in the statement.

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News Network
April 30,2020

Mumbai, Apr 30: Rishi Kapoor, the romantic star of many a Bollywood film who was diagnosed with leukemia in 2018, died in a Mumbai hospital on Thursday, his brother Randhir Kapoor said. He was 67.

Rishi, a third generation actor of the famous Kapoor dynasty, is survived by his wife Neetu Kapoor, actor son Ranbir and daughter Ridhima.

"He is no more. He has passed away," Randhir said.

Rishi was taken to the H N Reliance hospital by his family on Wednesday.

His death comes a day after after his "D-Day" co-star Irrfan Khan passed away, also of cancer. Three months ago, the disease claimed his sister Ritu Nanda.

"Our dear Rishi Kapoor passed away peacefully at 8:45am IST in hospital today after a two-year battle with leukemia. The doctors and medical staff at the hospital said he kept them entertained to the last.

He remained jovial and determined to live to the fullest right through two years of treatment across two continents. Family, friends, food and films remained his focus and everyone who met him during this time was amazed at how he did not let his illness get the better of him, the family said in a statement.

Rishi returned to India last September after undergoing treatment for his cancer in the US for almost a year.

In February, he was hospitalised twice.

He was first admitted to a hospital in Delhi where he was attending a family function. At the time, he had said he was suffering from an "infection".

After his return to Mumbai, he was again admitted to a hospital with viral fever. He was discharged soon after.

Rishi made his first screen appearance as a child artiste in his father Raj Kapoor's film Shri 420 , where he appeared in the song Pyaar hua ekraar hua . This was followed by "Mera Naam Joker". But it was in 1973, with the blockbuster Bobby , again directed by his father, that he made his debut as a romantic hero. He continued to be a favourite romantic hero for almost three decades.

His notable films as a romantic hero are "Laila Majnu", "Rafoo Chakkar", "Karz", "Chandni", "Heena" and "Saagar".

He was, however, more proud of his second innings as an actor, which he found more satisfying. His notable films as a character artiste are "Do Dooni Chaar" with wife Neetu, "Agnipath" and "Kapoor & Sons".

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