Nasheed wins first round of Maldives' presidential election

September 8, 2013

Nasheed_winsMale, Sep 8: Former President Mohammed Nasheed emerged as a clear leader today in the first round of Maldives' presidential election receiving 45 per cent votes but fell short of an outright majority resulting in a run-off between the top two candidates scheduled for later this month.

The Election Commission here announced results early this morning after a night-long counting, declaring Nasheed a clear winner in the first round of polls with 95,224 votes.

Nasheed was followed by brother of former President Abdul Gayoom, Abdullah Yameen, who received 25.35 per cent votes (53,099), Gasim Ibrahim with 24.07 per cent (50,422) and present incumbent Waheed Hassan with 5.13 per cent (10,750). Over 88 per cent votes were cast during the elections.

"These are preliminary results. We will be getting ballot papers from various islands in two days and if required corrections would be made by September 14 after which final results will be announced. But these corrections are not likely to have major impact on the results," President Election Commission Fuwad Taufeek said.

Under the country's election laws, if none of the candidates get more than 50 per cent of the vote, a run-off will take place between the top two candidates.

If final results do not bring much change, Nasheed will be facing a September 28 run-off against Abdullah Yameen.

On the alleged irregularities at some counting stations, the Election Commissioner said they have received complaints but it has not taken any decision on recount on any ballot.

Taufeek said if any party approaches court and gets a decision, they would be open for a recount in front of representatives of all the parties.

India has been engaging with both the candidates, Nasheed and Yameen, who are likely to contest for the second round, much before the elections.

Both the leaders have recently visited New Delhi and met Prime Minister Manmohan Singh assuring full support, sources said here. Former President Abdul Gayoom and brother of Yameen had also visited New Delhi in June.

India, which shares close ties with the archipelago nation, is of the view that multi-party democracy is in a very nascent stage and should be given time to deepen its roots here, they said.

Four candidates, President Dr Mohamed Waheed, Nasheed, Progressive Party of Maldives candidate Yameen and Jumhooree Party candidate and business tycoon Gasim Ibrahim, are in the fray for the top job.

First multi-party free elections were held in Maldives in 2008 after three-decades of Mohammed Abdul Gayoom's rule in which Nasheed won.

He had to resign after four years when security forces joined protests led by the opposition parties over the arrest of a judge. Nasheed's ouster resulted in the elevation of then Vice-President Mohammed Waheed as his successor.

Over 2229 local observers, 102 international obervers, 1343 representatives of political parties besides 1642 local and 225 international journalists are keeping a hawk's eye on the developments in this young multi-party democracy.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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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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News Network
March 25,2020

Wellington, Mar 25: New Zealand has declared a state of emergency as it prepares to go into an unprecedented lockdown late Wednesday for about a month.

The declaration temporarily gives police and the military extra powers. And Prime Minister Jacinda Ardern says any New Zealanders returning home from overseas who show symptoms of COVID-19 will be put in isolation at an approved facility.

“I have one simple message for New Zealanders today as we head into the next four weeks: ‘stay at home,’” Ardern said. “It will break the chain of transmission and it will save lives.”

Ardern said exceptions include people working crucial jobs, those leaving to pick up essentials like groceries, and those engaging in solitary exercise.

The country has 205 reported cases of the virus, although Ardern said that number could rise into the thousands before it begins to recede even with the strict measures being taken.

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