India calling off foreign ministers' meet 'unfortunate': FM Qureshi

Agencies
September 22, 2018

Islamabad, Sept 22: Pakistan Foreign Minister Shah Mehmood Qureshi Friday expressed disappointment at India calling off a meeting between him and External Affairs Minister Sushma Swaraj in New York and alleged that "internal pressure" forced New Delhi to make the "unfortunate" move.

India cited the "brutal" killing of three policemen in Jammu and Kashmir as well as the release of postal stamps "glorifying" Kashmiri militant Burhan Wani for cancelling the meeting between Swaraj and Qureshi on the sidelines of the United Nations General Assembly in New York this month.

Qureshi expressed disappointment at the cancellation of the foreign minister-level talks, saying it was "unfortunate."

"It is unfortunate that India has not given a positive response. Indian has once again wasted an opportunity for peace," Qureshi told the media here. He said that it was important to sit and talk for the sake of peace and stability in the region.

"The refusal of India shows that Indian government is facing internal pressure," he said. "It seems that India is already preparing for its elections due in the country next year," Qureshi was quoted as saying by the Express Tribune.

He said Pakistan sincerely wants resolution of all outstanding issues, including Kashmir, with India through negotiations.

Pakistan has always extended an olive branch to India for the resolution of problems and enhancing bilateral ties in an amicable manner, but New Delhi does not come out of its "internal politics", state-run Radio Pakistan quoted him as saying.

The minister said Pakistan can only wish India to come to the negotiating table, but "we can neither pressurise anybody nor will accept the same for this purpose." Qureshi said the world wants connectivity and promote regional trade, but India is creating problems.

He said India's "stubbornness" is also adversely affecting future of the SAARC countries, the Radio Pakistan report said. But, Qureshi reiterated that dialogue is the only way to come to the resolution of any issue.

"We said that we want dialogue - but in a dignified manner," he added. Meanwhile, the Foreign Office (FO) in a statement remarked that the reasons cited by India for calling off the talks "within 24 hours of its public confirmation are entirely unconvincing".

"The so-called 'disturbing developments' alluded to in the Indian statement predated the Indian agreement to hold the bilateral meeting in New York," FO spokesman Dr Mohammad Faisal said in the statement. He said the alleged killing of a BSF soldier took place two days prior to the Indian announcement of its agreement to hold the bilateral meeting. And when the allegations of Pakistan's involvement first appeared, Pakistani rangers clearly conveyed to BSF through official channels that the country had nothing to do with it.

He said Pakistani rangers also extended help in efforts to locate the soldier's body. These facts were known to the Indian authorities and yet "this motivated and malicious propaganda continued". "Pakistan...categorically reject these allegations...Our authorities would be prepared to conduct a joint investigation to establish the truth," Faisal said.

On the issue of the postage stamps, he said they were issued before the July 25 elections and before Prime Minister Imran Khan assumed office. Faisal said that most unfortunate part of Indian statement is the reference to the person of the Prime Minister of Pakistan.

"We choose not to further comment beyond saying that these comments are against all norms of civilised discourse and diplomatic communication," he said. "We believe by its ill-considered cancellation of the meeting, India has once again wasted a serious opportunity to change the dynamics of the bilateral relationship and put the region on the path of peace and development," he added.

Announcing the cancellation of the New York meeting, External Affairs Ministry Spokesperson Raveesh Kumar said in New Delhi that the incidents "exposed" the "true face" of Pakistan's new Prime Minister Imran Khan to the world as well as Islamabad's evil agenda behind the proposal for talks.

"The latest brutal killings of our security personnel by Pakistan-based entities and the recent release of a series of 20 postage stamps by Pakistan glorifying a terrorist and terrorism confirm that Pakistan will not mend its ways," Kumar said.

He noted that "two deeply disturbing developments have taken place" since yesterday's announcement of a meeting between the foreign ministers of India and Pakistan in New York later this month.

"In view of the changed situation, there will be no meeting between the Foreign Ministers of India and Pakistan in New York," he said.

Kumar said talks with Pakistan in such an environment would be "meaningless". Former High Commissioner to India, Abdul Basit said he was surprised by India's move as New Delhi should not have agreed for it in the first place due to forthcoming elections but after agreeing for a meeting it was more surprising that it backed out.

Former advisor on foreign affairs Sartaj Aziz said that it was "unfortunate" that India cancelled the meeting as it would have created an environment for peace. Former foreign minister Khurshid Kasuri said the cancellation reminded him of the Agra summit when everything was ready for joint statement but India backed out at the last minute.

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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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Agencies
April 28,2020

Washington, Apr 28: US President while addressing a news conference on coronavirus pandemic said his administration has launched "very serious investigations" into China's response to the novel coronavirus.

"And we are not happy with China, we are not happy with that whole situation, because we believe it could have been stopped at the source," he said. "It could have been stopped quickly and it wouldn't have spread all over the world," the BBC reported.

Trump has been critical of China as the pandemic has progressed and has frequently touted his decision to close the US borders to China in an effort to curb the outbreak. Some health experts have said the effort bought time for the US to prepare, but the Trump administration has been accused of squandering the opportunity.

"Nobody except one country can be held accountable for what happened," Trump said.

"Nobody's blaming anybody here, we're looking at a group of people that should've stopped it at the source."

The US will never forget those who were "sacrificed for a reason of incompetence or something else other than incompetence," he added.

"They" - referring to China - "could've protected the whole world - not just us - the whole world," he said.

At the starting of the conference Trump said COVID-19 cases are declining or stablising across the country.

"In all cases getting better," he said. "Really a horrible situation that we've been confronted with, but they're moving along."

He added there's a "hunger" to get back to work.

"Ensuring the health of our economy is vital to ensuring the health of our nation - these goals work in tandem."

The president has suggested an unnamed individual "a long time ago" could have stopped the "unnecessary death[s]" due to COVID-19.

"There has been so much unnecessary death in this country," he said.

"It could've been stopped and it could've been stopped short, but somebody a long time ago, it seems, decided not to do it that way and the whole world is suffering because of it."

He did not say who he was referencing and gave no other details.

Trump was asked if he has considered delaying the November presidential election.

"I never even thought of changing the date of the election," he answered. "Why would I do that? November 3rd. That's a good number."

Trump called the suggestion "made up propaganda" and said that "sleepy Joe" Biden - his presumptive Democratic rival - was likely unaware his campaign had put the statement out.

Former Vice-President Joe Biden said at a virtual fundraiser last week that he thought Trump would "try to kick back the election somehow".

The president has frequently levelled insults at his Democratic opponent by questioning the former vice-president's mental fortitude.

"I look forward to that election," Trump said.

The president responded to a question criticising Health Secretary Alex Azar's early downplaying of the disease by saying it was "unfair". He claimed Democrats did the same, including Speaker of the House of Representatives Nancy Pelosi.

"I was very fortunate through luck or whatever that we closed the border, we put a ban on China," he said.

"But I could tell you that Nancy Pelosi was dancing in the streets in Chinatown. She wanted to go, let's go out and party. That was late in February."

Back in February, Pelosi had encouraged people to visit San Francisco's Chinatown to help struggling businesses. She did not propose any parties, as the president suggested.

The city issued a stay-at-home order in March.

A reporter asked: If an American president loses more Americans over the course of six weeks than died during the entirety of the Vietnam war, does he deserve to be reelected?

Trump took the question in stride.

"So, yeah, we've lost a lot of people but if you look at what original projections were, 2.2 million, we're probably heading to 60,000 - 70,000," he said.

"It's far too many - one person is too many for this. I think we've made a lot of really good decisions," he added. "The big decision was closing the border, doing the ban on people coming in from China."

He also brings up the "unbelievable" job his administration did with ventilators.

"I think we've done a great job. And I will say this - one person is too many."

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News Network
March 28,2020

Washington, Mar 28: A US-based lab has unveiled a portable test that can tell if someone has COVID-19 in as little as five minutes, it said in a statement Friday.

Abbot Laboratories said the US Food and Drug Administration (FDA) had given it emergency authorization to begin making the test available to healthcare providers as early as next week.

The test, which is the size of a small toaster and uses molecular technology, also shows negative results within 13 minutes, the company said in a press statement.

"The COVID-19 pandemic will be fought on multiple fronts, and a portable molecular test that offers results in minutes adds to the broad range of diagnostic solutions needed to combat this virus," said Abbot president and chief operating officer Robert Ford.

The test's small size means it can be deployed outside the "traditional four walls of a hospital in outbreak hotspots," Ford said, and Abbott is working with the FDA to send it to virus epicenters.

The test has not been cleared or approved by the FDA, and has only been authorized for emergency use by approved labs and healthcare providers, the company said.

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