Istanbul nightclub attack kills 39 in New Year carnage

January 1, 2017

Istanbul, Jan 1: Thirty-nine people, including many foreigners, were killed when a gunman reportedly dressed as Santa Claus stormed an Istanbul nightclub as revellers were celebrating the New Year, the latest carnage to rock Turkey after a bloody 2016.

Istanbul

The assailant shot dead a policeman and a civilian at the entrance to the Reina club, one of the city's most exclusive nightspots, and then went on a shooting rampage inside, Turkish officials said.

Interior Minister Suleyman Soylu said the attacker escaped and was now the target of a major manhunt, expressing hope the suspect "would be captured soon".

Soylu said in televised comments that of 21 victims who have been identified so far, 16 are foreigners and five are Turks. Another 69 people are being treated in hospital.

"The attacker - in the most brutal and merciless way - targeted innocent people who had only come here to celebrate the New Year and have fun," Istanbul governor Vasip Sahin said at the scene on the shores of the Bosphorus.

Many revellers threw themselves into the water in panic and efforts were under way to rescue them, NTV television said.

Dogan news agency said there were two gunmen dressed in Santa Claus outfits, although this has yet to be confirmed.

Television pictures showed party-goers - including men in suits and women in cocktail dresses - emerging from the nightclub in a state of shock.

Sahin said the attack began at 1:15 am today (local time), just after hundreds of revellers had seen in 2017 at the club in the Ortakoy district on the European side of the city.

"What happened today is a terror attack," he said.

Dogan reported that some witnesses claimed the assailants were "speaking Arabic" while NTV said special force police officers were still searching the club.

There has been no claim of responsibility.

The attack evoked memories of the November 2015 carnage in Paris when Islamic State jihadists went on a gun and bombing rampage on nightspots in the French capital, killing 130 people including 90 at the Bataclan concert hall.

From Sydney to Paris, Rio to London, security had been boosted over fears that the New Year festivities could present a target for violent extremists.

In Istanbul, at least 17,000 police officers were deployed and some, as is customary in Turkey, dressed themselves as Santa Claus as cover, according to television reports.

"Just as we were settling down, by the door there was a lot of dust and smoke. Gunshots rang out. When those sounds were heard, many girls fainted," professional footballer Sefa Boydas told AFP.

"They say 35 to 40 died but it's probably more because when I was walking, people were walking on top of people."

Dogan said there were at least 700 revellers at the elite club, where getting past the bouncers who seek out only the best dressed is notoriously hard.

Turkey has been hit by a wave of attacks blamed on Kurdish militants and IS jihadists and 2016 saw more attacks than any other year in the history of the country.

On December 10, 44 people were killed in a double bombing in Istanbul after a football match hosted by top side Besiktas, an attack claimed by the Kurdistan Freedom Falcons (TAK) seen as a radical offshoot of the outlawed PKK rebel group.

In June, 47 people were killed in a triple suicide bombing and gun attack at Istanbul's Ataturk airport, with authorities blaming IS.

And in one of the most brazen strikes, an off-duty policeman assassinated Russia's ambassador to Turkey in an Ankara art gallery less than two weeks ago.

"No terror attack will destroy our unity, or eradicate our fraternity or weaken Turkey's effective fight against terror," Justice Minister Bekir Bozdag wrote on Twitter.

Mainly Muslin Turkey's religious affairs agency Diyanet condemned the attack, saying the fact it took place in a nightclub "was no different to it being in a market or place of worship".

Turkey is still reeling from a failed July coup blamed by the government on the US-based Islamic preacher Fethullah Gulen that has been followed by a relentless purge of his alleged supporters from state institutions.

"Tragic start to 2017 in Istanbul," NATO Secretary General Jens Stoltenberg wrote on Twitter.

The White House condemned the "savagery" of the attack, with National Security Council spokesman Ned Price saying that Washington reaffirmed its support for its NATO ally "in our shared determination to confront and defeat all forms of terrorism".

The US embassy warned citizens that extremist groups are continuing "aggressive efforts to conduct attacks in areas where US citizens and expatriates reside or frequent."

Turkish President Recep Tayyip Erdogan, who is in Istanbul for the New Year, had been informed of the attack, local media said.

The shooting spree came as the Turkish army wages a four-month incursion in Syria to oust IS jihadists and Kurdish militants from the border area, suffering increasing casualties.

As is customary after such attacks in Turkey, the authorities slapped a broadcast ban on images from the incident.

Comments

Naren kotian
 - 
Sunday, 1 Jan 2017

Israel actions are totally justified ...democracies must understand how to deal with jihadist menace ...religion of piece ....while shooting ...attacker shouting religious slogans. . time has come to mercilessly attack ...bomb them ...sympathy torsidre bennige chaaku haako jana...death to Islamic state ....rip innocents party goers.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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News Network
April 12,2020

Washington, Apr 12: The US has overtaken Italy as the country with the highest number of deaths due to COVID-19 pandemic with the fatalities crossing 20,000, according to Johns Hopkins University data, as the novel coronavirus continues to wreak havoc across the globe.

The deadly coronavirus, that originated in China in December last year, has so far killed more than one lakh people across the globe. The United States on Saturday became the country with the highest number of deaths at 20,597, surpassing Italy's 19,468 fatalities.

More than 5.3 lakh Americans have tested positive for coronavirus, which is about the same for the next four countries put together: Spain (163,027), Italy (152,271), Germany (125,452) and France (93,790). In terms of fatalities, the US and Italy are followed by Spain (16,606), France (13832) and United Kingdom (9,875), the varsity data showed.

New York City, the financial capital of the world, has emerged as the epicenter of coronavirus in the world. A city of 8.3 million, which is one of the most densely populated cities in the US, by Saturday night had as many as 8,627 deaths and more than 180,000 people had tested positive for COVID-19.

President Donald Trump has declared a national emergency and all the 50 States have been notified with major disaster declaration. More than 95 per cent of the country's 330 million population are under stay-at-home order. Trump has deployed more than 50,000 personnel from the armed forces in fight against COVID-19.

After an initial two-week social mitigation measures, that includes social distancing, the measures have been extended till April 30. Initially, members of the White House Task Force on Coronavirus had projected between one and two lakhs deaths. Now, they have dropped the projection to 60,000 deaths, mainly due to the successful implementation of these measures.

"The people of our country have gone through a lot. But we did it the right way. And we look like we'll be coming in on the very, very low side, really below the lowest, the lowest side of the curve of death," Trump told Fox News on Saturday night.

Trump asserted that situation was improving in places like New York, where there is a drop in new patients. Responding to a question, he said he wanted the country to open up as soon as possible.

However, he has not taken a decision so far, even as some media reports said that he the President was looking for early May.

"I think it's going to be the toughest decision that I've ever made. I really, hopefully that I ever will have to make. But it's certainly the toughest decision that I've ever made. I hope that I'm going to make the right decision," Trump said, adding that he will be making a decision reasonably soon.

"We're setting up a council now of some of the most distinguished leaders in virtually every field including politics and business and medical. We'll be making that decision fairly soon," Trump said.

Meanwhile, The New York Times reported that its investigations have revealed that the president was warned about a potential pandemic but that internal divisions, lack of planning and his faith in his own instincts led to a halting response.

According to The Washington Post, coronavirus is killing about one in 10 hospitalised middle-aged patients and four in 10 older than 85 in the United States. It is particularly lethal to men even when taking into account common chronic diseases that exacerbate risk.

Globally, the novel coronavirus has killed 108,862 people and infected over 1.7 million people globally. The US has the highest number of infections at 529,887, according to Johns Hopkins University data.

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News Network
June 19,2020

London, Jun 19: Malala Yousafzai, the youngest Nobel Peace Prize winner who once took a bullet for campaigning for girls' education in Pakistan, was over the moon on Friday after completing her degree in Philosophy, Politics and Economics at Britain's prestigious Oxford University.

Malala, 22, who attended Oxford's Lady Margaret Hall college, took to Twitter to share two pictures that show her celebrating the milestone with her family.

"Hard to express my joy and gratitude right now as I completed my Philosophy, Politics and Economics degree at Oxford," she said in the tweet, accompanied by two pictures - one showing her sitting with her family in front of a cake that says: 'Happy Graduation Malala', and the other in which she is covered with cake smiling for the camera.

In the tweet, the famed human rights activist also revealed her plans for the immediate future - Netflix, reading and sleeping.

"I don't know what's ahead. For now, it will be Netflix, reading and sleep," she wrote.

Malala was shot in the head by the Taliban militants in December 2012 for campaigning for female education in the Swat Valley in northeastern Pakistan.

Severely wounded, she was airlifted from one military hospital in Pakistan to another and later flown to the UK for treatment.

After the attack, the Taliban released a statement saying that they would target Malala again if she survived.

At the age of 17, Malala became the youngest recipient of the Nobel Peace Prize for her education advocacy in 2014 when she shared the coveted honour with India's social activist Kailash Satyarthi.

Unable to return to Pakistan after her recovery, she moved to Britain, setting up the Malala Fund and supporting local education advocacy groups with a focus on Pakistan, Nigeria, Jordan, Syria and Kenya.

The Taliban, who are against girls' education, have destroyed many schools in Pakistan.

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