Not sheltering terror, says China accused of ‘shameful hypocrisy’ by US on Azhar ban

Agencies
March 30, 2019

Beijing, Mar 30 : Defending its repeated attempts to block the listing of JeM chief Masood Azhar as a global terrorist by the UN, China on Friday refuted US allegation that its action amounted to protecting violent Islamic groups from sanctions.

US Secretary of State Mike Pompeo on Wednesday denounced China of its “shameful hypocrisy” toward Muslims, saying China abuses more than a million Muslims at home, but on the other it protects violent Islamic terrorist groups from sanctions at the UN.”

Pompeo had said it in apparent reference to China’s move to block India’s proposal at the United Nations to designate Jaish-e-Mohammad chief Azhar as a global terrorist.

Reacting to this, Chinese Foreign Ministry spokesman Geng Shuang told a media briefing here on Friday that if that is so, the country that had put most technical holds in the 1267 Al Qaeda Sanctions Committee of the Security Council should have been sheltering more terrorists.

At the UN Sanctions committee, the practice of putting technical hold is in line with the rules of the Committee, he asserted.

Without directly referring to the US, Geng said, “If a certain country accuses China of sheltering terrorists by putting technical hold, does that mean all the countries that put such holds are sheltering terrorists? If this makes sense then shall we say the country that put most hold is the biggest shelter of terrorists?”

China has so far blocked the move four times in recent years. It recently blocked a US, UK and France resolution in the counter terrorism 1267 committee with “technical hold” saying that it provides time and space for the relevant parties to hold talks after the Pulwama terrorist attack.

Following this, the US has directly moved a resolution in the UN Security Council on Thursday to blacklist Azhar which China said amounted to undermining the 1267 committee.

Defending China’s move to block Azhar’s listing, Geng said, “China put forward a technical hold with a purpose of conducting in-depth assessment so as to give enough time and space for the dialogue and consultation between parties. China is in communication with all parties to seek a settlement through dialogue. We hope this will be a common goal of all the members of the UNSC.” Asked about Pakistan rejecting the evidence put forward by India on the Pulwama terrorist attack, he said, “the 1267 committee has detailed and clear stipulation and requirements on the listing issue.”

What China has done is in line with the requirement of the UNSC and rules and procedures of the committee. We are always working in a constructive manner and stay in communication with the relevant parties and seek a proper solution.

“It is improper to reveal to you the detailed discussions,” he said.

To another question whether China is preparing to defend its stand in the UNSC when the latest US resolution would come up for discussion, Geng said, “China stayed in close communication with all parties on the listing issue.

We will act in a responsible and a constructive manner to participate in the discussion at the committee. We also hope to work with various parties to seek a proper settlement to the issue”, he said.

China on Thursday asked the US not to complicate the listing of Azhar as a global terrorist by “forcefully moving” a resolution directly in the UNSC, undermining the authority of the UN’s anti-terrorism committee.

“This is not in line with resolution of the issue through dialogue and negotiations. This has reduced the authority of the Committee as a main anti-terrorism body of the UNSC and this is not conducive to the solidarity and only complicates the issue.

“We urge the US to act cautiously and avoid forcefully moving forward this draft resolution,” Geng said.

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March 27,2020

London, Mar 27:  British Prime Minister Boris Johnson said Friday he has tested positive for the new coronavirus, but remains in charge of the U.K.'s response to the outbreak.

Johnson's office said he was tested on the advice of the chief medical officer after showing mild symptoms.

It said Johnson is self-isolating at his 10 Downing St. residence and continuing to lead the country's response to COVID-19.

In a video message, Johnson said he had a temperature and a persistent cough.

Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus.

I am now self-isolating, but I will continue to lead the government’s response via video-conference as we fight this virus.

Together we will beat this. #StayHomeSaveLives pic.twitter.com/9Te6aFP0Ri

— Boris Johnson #StayHomeSaveLives (@BorisJohnson) March 27, 2020
"Be in no doubt that I can continue, thanks to the wizardry of modern technology, to communicate with all my top team, to lead the national fightback against coronavirus."

Earlier this week Britain’s Prince Charles announced that he had tested positive for the virus.

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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
May 27,2020

Geneva, May 27: The number of confirmed cases of COVID-19 worldwide has increased by nearly 100,000 over the past 24 hours to surpass 5.4 million, the World Health Organisation (WHO) said.

According to the WHO, the global case tally currently stands at 5,404,512 -- a rise by 99,780 over the past day.

The death count worldwide amounts to 343,514 -- an increase by 1,486.

Most cases of infection are recorded in the Americas -- 2,454,452, with 143,739 deaths.

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