Fidel Castro honored by thousands in Havana; Obama absent as world leaders join in

November 30, 2016

Havana, Nov 30: Cuba's leftist allies and Washington's top diplomat in Havana joined a sprawling throng of Cubans at a rally on Tuesday to commemorate Fidel Castro, the man who built a Communist state on the doorstep of the United States. Castro died on Friday at age 90, a decade after ceding control to his younger brother Raul Castro, 85.

fidel

With Raul Castro at his side, the charismatic Fidel Castro led the bearded rebels who seized power in a 1959 revolution and ruled the island in the face of US opposition that endured until President Barack Obama reversed course in 2014 and set out to restore diplomatic relations.

For many, especially in Latin America and Africa, Castro was a symbol of resistance to imperialism, having ousted a U.S.-backed dictator, and a champion of the poor. Others, including many in the large Cuban exile community in Miami, have condemned him as a tyrant who jailed opponents and ruined the economy through socialism.

Chants of “Viva Fidel!” resounded as tens of thousands massed in Havana's Revolution Square on Tuesday evening to pay homage to Castro. “United, the people will never be defeated!” rang another.

Raul Castro embraced ideological ally, visiting Venezuelan President Nicolas Maduro, as the ceremony got underway.

“To weigh the success or failure of Cuba's economic model without factoring in the more than 50-year-long criminal (U.S.) embargo, is pure hypocrisy,” Ecuadorean President Rafael Correa said in a tribute to Fidel Castro.

The White House announced on Tuesday Obama would not send a presidential delegation. Instead, the United States will be represented by Jeffrey DeLaurentis, chief diplomat at the U.S. embassy in Havana, and Ben Rhodes, an Obama aide who represented the United States in 18 months of secret talks that led to detente.

That rapprochement is now threatened by U.S. President-elect Donald Trump, who takes office on Jan. 20 and who has spoken of resuming Washington's hard line unless the government makes political changes, the kind of pressure the Castro brothers always fiercely resisted.

DeLaurentis was head of the U.S. interests section in Havana when it was upgraded to an embassy in July 2015 and has been nominated by Obama to be named ambassador. White House spokesman Josh Earnest called Rhodes “the principal interlocutor with the Cuban government from the White House” on normalization.

Many leaders of Latin America's left, including Maduro and Bolivian President Evo Morales, flew in to attend the ceremony in the same space where Castro once delivered rousing, marathon speeches.

African leaders included Zimbabwe's Robert Mugabe and South African President Jacob Zuma, who paid Castro a tribute of his own. The late Nelson Mandelarepeatedly thanked Castro for his efforts in helping overturn apartheid in South Africa.

Mugabe, 92, himself a former Marxist guerrilla who has led Zimbabwe as prime minister or president since 1980 despite financial and health crises, praised Fidel Castro's government for having trained thousands of Zimbabwean doctors and teachers.

“Fidel was not just your leader. He was our leader and the leader of all revolutionaries. We followed him, listened to him and tried to emulate him,” Mugabe told reporters as he arrived in Havana,

“Farewell, dear brother. Farewell, revolutionary,” he said.

Few leaders from the world's major powers are heading to the Caribbean island, with many sending second-tier officials instead.

China has sent Vice President Li Yuanchao, while Chinese President Xi Jinping visited the Cuban embassy in Beijing to pay his condolences, China's foreign ministry said

Russian President Vladimir Putin has skipped the ceremony but described Castro as a “true friend of Russia.” The Kremlin said he held a different view on his legacy to that of Trump, who has called the Cuban leader “a brutal dictator.”

The Cuban government, still essentially dedicated to Fidel Castro's political vision despite some economic reforms under Raul Castro, has declared nine days of mourning. That has included a two-day commemoration in Havana, where tens of thousands of Cubans have waited in long lines to pay their respects in Revolution Square.

Some in tears or wrapped in the Cuban flag, mourners have filed past Castro's favorite portrait of himself, dressed in military fatigues and carrying a rifle. Many state employees and school children came together in groups.

A caravan carrying Castro's ashes will depart Havana on Wednesday en route to the eastern city of Santiago de Cuba, his final resting place, in a reversal of the journey he took with the rebel army that overthrew Fulgencio Batista in 1959.

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News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

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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
May 8,2020

New York, May 8: An Indian-American father and daughter, both doctors in New Jersey, have died due to the COVID-19, with Governor Phil Murphy describing their demise as “particularly tough" and hailed them for dedicating their lives for others.

Satyender Dev Khanna, 78, was a surgeon who served both on staff and as the head of the surgical departments for multiple hospitals across New Jersey for decades.

Priya Khanna, 43, was a double board-certified in both internal medicine and nephrology. She was Chief of Residents at Union Hospital, now part of RWJ Barnabas Health.

"Dr Satyender Dev Khanna and Dr Priya Khanna were father and daughter. They both dedicated their lives to helping others. This is a family dedicated to health and medicine. Our words cannot amply express our condolences," New Jersey Governor Murphy tweeted on Thursday.

“Both dedicated their lives to helping others and we lost both of them to COVID-19,” Murphy said during a press conference on Thursday, saying their demise is a "particularly tough one.”

Satyender passed away at the Clara Maass Medical Center where he had worked for more than 35 years.

Murphy described him as a "pioneering doctor” who was one of the first surgeons to perform laparoscopic surgery in the state. He is being remembered by colleagues as a “gentle and caring physician."

“And for a doctor, I'm not one, but I would bet, I don't think there could be a more fitting way to be remembered, or a nurse or a healthcare worker of any kind,” Murphy said, adding that the doctor had a passion for bicycling, and he often found peace from the hustle of the hospital in biking along the Jersey Shore.

Priya did all of her medical training in New Jersey and then did her fellowship in nephrology in South Jersey with the Cooper Health System. Like her father, she too worked at Clara Maass, where she died.

She was also Medical Director at two dialysis centres in Essex County and “took pride” in teaching the next generation of doctors, Murphy said, adding that the ICU physician who cared for Priya Khanna was trained and taught by her as well.

Follow live developments on the coronavirus pandemic here

“Priya will be remembered as a caring and selfless person who put others first. And even while in the hospital, fighting her own battle, she continued to check up on her mom and dad and her family,” Murphy said.

“This is a family, by the way, dedicated to health and medicine,” he said.

The governor spoke with Satyender's wife Komlish Khanna, who is a paediatrician. The couple has two more daughters - Sugandha Khanna, an emergency medicine physician and Anisha Khanna, a paediatrician.

“Unbelievable. Our words cannot amply express our condolences nor, I am sure, can they express the pain that the Khanna family is feeling. But I hope that the fact that our entire state mourns with them is some small comfort. And we mourn everyone we have lost. We commit in their memory to saving as many lives as we can,” Murphy said.

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