Nuclear terrorism an international threat: Foreign secretary

February 8, 2017

New Delhi, Feb 8: Asserting that nuclear security remains a continuing concern, India today said terrorism, especially nuclear terrorism is an international threat that should not serve national strategy and pitched for a global response in this regard.

JaishankarForeign Secretary S Jaishankar, who was speaking at the Implementation and Assessment Group Meeting of Global Initiative to Combat Nuclear Terrorism, also hoped that the horrors of atomic power destruction would never be repeated as the negative consequences of atomic power cannot be overlooked.

"Events that have unfolded around us, more so in the past couple of decades, have highlighted that terrorism remains the most pervasive and serious challenge to international security. If access to nuclear technology changes State behaviour, it is only to be expected that it would also impact on non-state calculations.

"Nuclear security, therefore, will be a continuing concern, especially as terrorist groups and non-state actors strike deeper roots and explore different avenues to spread terror. Developing a comprehensive global response is the highest priority," he said.

Maintaining that nuclear energy will continue to play an important role in tackling challenges of inclusive growth and climate change, he said, "On the other hand, the negative consequences of atomic power also cannot be ignored. The world has witnessed the immense destructive power of the atom.

"We hope that such horrors will never be repeated and cannot overstate the importance of countries with nuclear weapons to be responsible."

Jaishankar also warned of the dangers of discriminating among terrorists -– good or bad or even yours and mine -- are increasingly recognised. "Terrorism is an international threat that should not serve national strategy. Nuclear terrorism even more so," he said.

During his address at the meeting, which is being attended by delegates from over 100 countries including the US, the UK, France and Pakistan, he also referred to the strong credentials of India, which is looking for a membership in Nuclear Suppliers Group (NSG), in promoting the peaceful use of nuclear energy.

Advocating a two-pronged strategy, Jaishankar said the first is to clamp down on terrorism in general and the second to restrict unauthorised access to nuclear technology and material.

"Responsible States provide political commitments to assure each other that they will protect nuclear material under their control from falling into the wrong hands... "However, political commitments alone cannot ensure the safety and security of nuclear material," the foreign secretary said while referring to several treaty instruments which provide a firm basis for translating broader political commitments into legally binding measures.

The treaties include the International Convention for the Suppression of Acts of Nuclear Terrorism (ICSANT) and the Convention on the Physical Protection of Nuclear Material (CPPNM) and its Amendment, he said.

Talking about history of nuclear technology, he said, "The power of the atom is wondrous. It has benefited mankind in myriad ways. The scientific community has played a vital role in harnessing nuclear energy and radiological sources for societal needs. The ancient Indian philosopher and sage, Kanada, propounded the concept of 'atom' in the sixth century.

"Today, two-and-a-half millennia later, as a country possessing advanced nuclear technologies, India is at the forefront in promoting the peaceful use of nuclear energy. We have actively associated with and contributed to the IAEA and other multilateral forums dealing with all aspects of nuclear material."

Talking about international obligations adhered to by India, he said every year at the First Committee of the UN General Assembly, India co-sponsors a resolution on "measures to prevent terrorists from acquiring weapons of mass destruction" that has been adopted by consensus since 2002.

As a State Party to these instruments, India has demonstrated its faith in these instruments and believes that their universalisation is a global good, he said, adding effective implementation of the obligations under UN Security Council Resolutions 1540 and 1373 is another important pillar in the fight against terrorism and proliferation of weapons of mass destruction (WMD).

Stressing that Indian experts have contributed positively and substantively to the drafting of various documents and playbooks of the GICNT, Jaishankar said India remains committed to furthering the objectives of the global initiative.

"We have been contributing to the Nuclear Security Fund of the IAEA. India's Global Centre for Nuclear Energy Partnership (GCNEP) is available to interested States for training courses and capacity building programmes in the field of nuclear and radiological security," he said.

Observing that there are 13 instruments that are widely accepted as benchmarks for a State's commitment to combat terrorism, Jaishankar said, "What is more important is that adhering parties display the required sincerity to implement their commitment.

"The existence of a number of conventions and treaties dealing with nuclear terrorism underscores the fact that there is no one instrument that can deal with this issue in a holistic manner.

"The march of globalisation means that combating nuclear terrorism in isolation or as part of a small group is unlikely to yield the desired results," he said, adding in this the GICNT plays an important role as it works towards building worldwide communities of experts and practitioners in order to have a consistent and coherent approach towards the issue of nuclear terrorism.

He further said given its impressive membership of 86 partner countries and five international organisations, the GICNT is expected to play an important role in providing an effective international platform for consolidating and disseminating the technical expertise and best practices to respond to malicious acts by terrorists.

The Implementation and Assessment Group (IAG) and the other working groups of the GICNT, namely, Nuclear Detection Working Group (NDWG), Response and Mitigation Working Group (RMWG) and Nuclear and Forensics Working Group (NFWG) have established themselves as the drivers for taking forward the important work of the Global Initiative, Jaishankar said.

The membership of these groups represent the entire spectrum of relevant stakeholders -- the scientific community, law enforcement agencies, first responders to nuclear security events, prosecutors and the judicial fraternity and of course, key decision-makers from the diplomatic community, he said. He also hoped the Comprehensive Convention on International Terrorism which was proposed by India in 1996, would be adopted soon.

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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
May 24,2020

Beijing, May 24: The Chinese virology institute in the city where COVID-19 first emerged has three live strains of bat coronavirus on-site, but none match the new contagion wreaking chaos across the world, its director has said.

Scientists think COVID-19 -- which first emerged in Wuhan and has killed some 340,000 people worldwide -- originated in bats and could have been transmitted to people via another mammal.

But the director of the Wuhan Institute of Virology told state broadcaster CGTN that claims made by US President Donald Trump and others that the virus could have leaked from the facility were "pure fabrication".

"Now we have three strains of live viruses... But their highest similarity to SARS-CoV-2 only reaches 79.8 percent," she said, referring to the coronavirus strain that causes COVID-19.

US demands immediate start to WHO review

The United States called on the World Health Organisation on Friday to begin working immediately on investigating the source of the novel coronavirus, as well as its handling of the response to the pandemic.

One of their research teams, led by Professor Shi Zhengli, has been researching bat coronaviruses since 2004 and focused on the "source tracing of SARS", the strain behind another virus outbreak nearly two decades ago.

"We know that the whole genome of SARS-CoV-2 is only 80 percent similar to that of SARS. It's an obvious difference," she said.

"So, in Professor Shi's past research, they didn't pay attention to such viruses which are less similar to the SARS virus."

Conspiracy rumours that the biosafety lab was involved in the outbreak swirled online for months before Trump and US Secretary of State Mike Pompeo brought the theory into the mainstream by claiming that there is evidence the pathogen came from the institute.

The lab has said it received samples of the then-unknown virus on December 30, determined the viral genome sequence on January 2 and submitted information on the pathogen to the WHO on January 11.

Wang said in the interview that before it received samples in December, their team had never "encountered, researched or kept the virus."

"In fact, like everyone else, we didn't even know the virus existed," she said. "How could it have leaked from our lab when we never had it?"

The World Health Organization said Washington had offered no evidence to support the "speculative" claims.

In an interview with Scientific American, Shi said the SARS-CoV-2 genome sequence did not match any of the bat coronaviruses her laboratory had previously collected and studied.

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Agencies
January 7,2020

Tehran, Jan 7: The Iranian Parliament on Tuesday ratified a motion dubbed as "harsh revenge", that considers all members of the US Pentagon and those responsible for the death of Major General Qasem Soleimani as "terrorist forces".

The triple-urgency motion is a modification of a previously ratified bill on April 23, 2019, that designated the US Central Command (CENTCOM) as a terrorist organization in retaliation to the same designation imposed on Iran's Islamic Revolutionary Guard Corps (IRGC) by Washington, the Tehran-based Mehr News Agency said in a report.

Parliament Speaker Ali Larijani said in Tuesday's open session that in the previous anti-US law, CENTCOM was designated as a terrorist entity.

"Today, following the cruel US measure in assassinating General Soleimani, the responsibility of which was accepted by the US President, we modify the previous law and announce that all members of Pentagon, commanders, agents and those responsible for the martyrdom of Gen Soleimani will be considered as terrorist forces," Larijani was quoted as saying in the report.

All of Iran nation supports the resistance, he added.

The modified law also allows withdrawal of $223 million to the IRGC's Quds Force from the National Development Fund of Iran for the next two months, added Larijani.

He said that the Supreme Leader Ayatollah Ali Khamenei's permission to withdraw the fund has been obtained, the Mehr report added.

Following its ratification, MPs chanted anti-US slogans at the Parliament.

Soleimani and his son-in-law and Abu Mahdi al-Muhandis, the second-in-command of Iraq's Popular Mobilization Front (PMF), along with eight other people were killed in the January 3 drone attack ordered by US President Donald Trump.

Soleimani, 63, was the elite Quds Force chief in charge of IRGC operations outside Iran, and has been on the ground in Syria and Iraq supervising militias backed by Tehran.

The Quds Force holds sway over a large number of militias across the region ranging from Lebanon to Syria and Iraq.

The attack has led to widespread condemnation in Iran. Supreme Leader Khamenei and President Hassan Rouhani has vowed revenge on the US.

On Sunday, Iranian MP Abolfazl Aboutorabi threatened to attack the heart of American politics.

During an open session of the Iranian Parliament on Sunday afternoon, President Trump was called a "terrorist in a suit" after he threatened to hit 52 Iranian sites hard if Tehran attacks Americans or US assets.

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