Odds favour Thunberg for Peace Prize; experts sceptical

Agencies
October 9, 2019

Oct 9: Bookmakers seem confident that Swedish teen climate activist Greta Thunberg is a shoo-in for the Nobel Peace Prize to be announced this week, but some experts are more cautious.

The 16-year-old has already received Amnesty International's top honour and the Right Livelihood Award, sometimes dubbed the "alternative Nobel", and online betting sites like Ladbrokes now put her as favourite to win what is perhaps the world's most prestigious prize.

In an interview with Swiss broadcaster RTS in August, Thunberg stressed that while the award would be "a recognition for this movement," she and her supporters weren't "doing this to get awards and prizes."

In August last year, she began sitting alone in front of Sweden's parliament on Fridays with a sign reading "School Strike for the Climate".

In a little more than a year, she has galvanised millions of young people around the world to take part in demonstrations to raise awareness for action on climate change.

She made global headlines in late September when she lambasted world leaders at the UN climate summit in New York.

"How dare you? You have stolen my dreams and my childhood with your empty words," she told them, holding back tears.

But is her impassioned wake-up call enough to earn her the Nobel Peace Prize?

"Extremely unlikely," Henrik Urdal, director of the Peace Research Institute in Oslo (Prio), told AFP, citing two reasons for his scepticism.

He argued that while some say climate change might aggravate conflicts in his view there is still no consensus on whether it is actually the cause of armed conflict. He also said her tender age could make the prize more of a burden than a reward.

"The only way I could see that happen is that she would be part of a shared prize like Malala," Urdal said, referring to Pakistani activist Malala Yousafzai, who shared the 2014 prize -- at age 17 -- with Indian children's rights activist Kailash Satyarthi.

Norwegian historian Asle Sveen echoed that view.

"Of course she is now an international star, in conflict with Donald Trump, and she put the searchlight on climate change better than anyone else," he said.

"What's against her is that she is only 16 years old," he continued, adding that he would be "very surprised" if she got the award.

But Dan Smith, director of the Stockholm International Peace Research Institute (Sipri), believes Thunberg should be considered a "serious candidate" and that climate change is linked to conflict.

"First of all, I think that what she has done over the past year is extraordinary," Smith told AFP.

"I think that climate change is an issue which is strongly related to security and peace."

Experts think a more likely candidate would be Ethiopian Prime Minister Abiy Ahmed, who made peace with bitter foe Eritrea.

"Abiy Ahmed would be a good candidate, as his tenure has had peace-inducing effects in the country and on the region," said Peter Wallensteen, professor of Peace and Conflict Research at Sweden's Uppsala University.

Predicting the winner is always a challenge since the Norwegian Nobel Committee never reveals the names of the nominees. All that is known is that a total of 301 individuals and organisations have been nominated this year.

Experts also suggest that the five-person committee could this year decide to focus on freedom of expression and information, at a time when such freedoms are under pressure in both democracies and authoritarian regimes.

"In the age of fake news and information overload... and the lack of transparency, the lack of accountability in many political processes, this is something that I would hope the committee would take very seriously and consider," Urdal said.

Press organisations such as Reporters Without Borders (RSF) or the Committee to Protect Journalists (CPJ) could then be possible winners.

As the migration crisis continues to dominate the political agenda, the UN refugee agency UNHCR and its head Filippo Grandi, as well as the organisation SOS Mediterranee, are also seen as potential winners.

Broadly considered a controversial long shot, US President Donald Trump has nonetheless been mentioned for his efforts to mend old wounds with North Korean leader Kim Jong Un.

The 2019 laureate will be revealed on Friday at 11:00 am (0900 GMT) at the Nobel Institute in Oslo.

Last year, the award — consisting of a gold medal, a diploma, and nine million Swedish kronor — was given to two champions fighting sexual violence, Congolese gynaecologist Denis Mukwege and Yazidi activist Nadia Murad.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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News Network
April 15,2020

Seoul, Apr 15: Wearing masks and gloves, South Korean voters cast their ballots on Wednesday to elect 300 parliamentary lawmakers amid the coronavirus outbreak.

Voting kicked off at 6 am (local time) and was to run until 6 pm (local time) at 14,330 polling stations across the country, according to the National Election Commission (NEC). The number of eligible voters is 44 million, according to Yonhap news agency.

The once-in-four-years legislative election is widely seen as a referendum on President Moon Jae-in, whose five-year term will end in mid-2022, as well as a test of the country's fight against COVID-19 under the leadership of Moon, The Strait Times reported.

South Korea has received international praise for its massive testing capability and other innovative measures, such as drive-through testing and high-tech contact tracing.

Experts, therefore, expect the ruling Democratic Party (DP) to extend its lead in Parliament, given that the government's handling of the virus outbreak is viewed positively both at home and abroad, as per The Strait Times.

At least 10,564 people in the country have been infected by coronavirus, which has claimed 222 lives. About 2,800 patients are undergoing treatment.

The number of new cases has fallen from a high of 813 on February 29 to below 50 for six days in a row as an intensive social distancing campaign that started on March 21 remained in place.

Several surveys cited by the newspaper also showed that voters consider the pandemic as the biggest factor in their decision. A recent poll showed that 72.6 per cent of respondents rated the government's response to the outbreak as positive.

The NEC has said that public safety at polling stations will be a priority to prevent any possible spread of the virus.

All 14,330 polling stations and 251 counting stations will be disinfected on polling day, the NEC was quoted.

Voters will undergo temperature screening and those registering temperatures of 37.5 degrees Celsius or higher or display respiratory symptoms will have to exercise their franchise at a separate booth.

Tuesday was the last of 13 days of campaigning, which saw most candidates reducing their ground activities and face-to-face encounters with voters. Instead, the candidates boosted their online presence with videos and social media engagements in a bid to win votes, according to The Strait Times.

In addition, the government has also decided to temporarily lift quarantine rules to permit self-isolators to vote in the elections. Some 50,000 people in self-isolation who have no symptoms and expressed a willingness to vote will be allowed to cast ballots after the regular voting ends in the evening.

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News Network
April 13,2020

Vienna, Apr 13: Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.

The US benchmark WTI climbed 7.7 percent to $24.52 a barrel in early Asian trade while Brent was up 5.0 percent at $33.08.

OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.

In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier.

OPEC Secretary General Mohammad Barkindo called the cuts "historic".

"They are largest in volume and the longest in duration, as they are planned to last for two years," he said.

The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.

Barkindo added that the deal "paved the way for a global alliance with the participation of the G20".

Saudi Energy Minister Prince Abdulaziz bin Salman, who chaired the meeting together with his Russian and Algerian counterparts, also confirmed that the discussions "ended with consensus".

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