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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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 5,2020

Feb 5: Pakistan will buy more palm oil from Malaysia, Prime Minister Imran Khan said on Tuesday, aiming to help offset lost sales after top buyer India put curbs on Malaysian imports last month amid a diplomatic row.

India imposed restrictions on refined palm oil imports and informally asked traders to stop buying from Malaysia, the world's biggest producer of the edible oil. Sources said the move was in retaliation for Malaysia's criticism of India's policy on Kashmir.

Malaysian Prime Minister Mahathir Mohamad said on Tuesday that he discussed palm oil with Khan who was on a visit to Malaysia and that Pakistan had indicated it would import more from Malaysia.

"That's right, especially since we noticed India threatened Malaysia for supporting the Kashmir cause, threatened to cut palm oil imports," Khan told a joint news conference, referring to India's Muslim-majority region of Kashmir.

"Pakistan will do its best to compensate for that."

India is a Hindu-majority country while Malaysia and Pakistan are mainly Muslim. India and Pakistan have been mostly hostile to each other since the partition of British India in 1947, and have fought two of their three wars over competing territorial claims in Kashmir.

Pakistan may have bought around 135,000 tonnes of Malaysian palm oil last month, a record high, India-based dealers who track such shipments told Reuters on condition of anonymity.

The figure is close to estimates of 141,500 tonnes from Refinitiv, which show sales to India in January may have plunged 80% from a year earlier to 40,400 tonnes.

Malaysia will release official export data on Monday.

Pakistan bought 1.1 million tonnes of palm oil from Malaysia last year, while India bought 4.4 million tonnes, according to the Malaysian Palm Oil Council.

Malaysian palm oil futures rose on Tuesday after Khan's comments and on expectations of a steep drop in production in January.

STRONG TIES

India has repeatedly objected to Mahathir speaking out against its move last year to strip Kashmir's autonomy and make it easier for non-Muslims from neighbouring Muslim-majority Bangladesh, Pakistan and Afghanistan to gain citizenship.

At the news conference, Mahathir did not refer to Kashmir but Khan did.

"The way you, PM, have stood with us and spoken about this injustice going on, on behalf of Pakistan I really want to thank you," Khan said.

He also said he was sad he had been unable to attend a summit of Muslim leaders in Malaysia in December. Saudi Arabia did not attend the summit, saying it was the wrong forum to discuss matters affecting the world's Muslims and Khan belatedly pulled out.

Some Pakistani officials, unnamed because they were not authorised to speak to the media, said at the time that Khan pulled out under pressure from Saudi Arabia, a close ally, although local media reported his officials denied that was the reason for his absence.

"Unfortunately our friends, who are very close to Pakistan as well, felt that somehow the conference was going to divide the ummah," Khan said, using the Arabic word for the Muslim community but not mentioning Saudi Arabia by name.

"It is clearly a misconception, as that was not the purpose of the conference."

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Agencies
July 13,2020

New Delhi, Jul 13: Google CEO Sundar Pichai on Monday announced an investment of Rs 75,000 crore or approximately US$10 billion into India over the next five to seven years through 'Google for India Digistation Fund'.

This move is significant as it comes in the middle of the COVID-19 pandemic and as multinational companies across the world look at alternative investment destinations.

"Excited to announce Google for India Digitisation Fund. Through it, we will invest Rs 75,000 crore or approx US$10 Billon into India over the next 5-7 yrs. We'll do this through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments," said Pichai.

Pichai along with Union Minister Ravi Shankar Prasad virtually attended the sixth annual edition of Google for India.

"This is a reflection of our confidence in the future of India and its digital economy," said Pichai.
He added that the investments will focus on four areas important to India's digitisation.

Listing out the areas, Pichai elaborated, "First enabling affordable access and information to every Indian in their own language. Second, building new products and services that are deeply relevant to India's unique needs. Third, empowering businesses as they continue or embark on the digital transformation. Fourth, leveraging technology in AI for social good in areas like health, education and agriculture."

"When I was young, every piece of technology brought new opportunities to learn and grow but I always had to wait for it to arrive from some places. Today people in India no more have to wait for technology to come to you. A whole new generation of technologies is happening in India first," said Pichai.

Earlier today Prime Minister Narendra Modi interacted with Pichai and discussed a range of subjects like a new work culture in coronavirus times, data security and cyber safety.

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