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
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
March 28,2020

Washington, Mar 27: The United States has seen a record 18,000 new confirmed coronavirus cases and 345 deaths over the past 24 hours, according to a Johns Hopkins University tracker.

There are now 97,028 declared virus cases in the country and there have been 1,475 deaths, Johns Hopkins said.

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News Network
March 25,2020

Hubei, Mar 25: As a bus departed from its terminus at Hankou Railway Station at 5:25 am Wednesday morning, Wuhan started to resume bus service after nine weeks of lockdown.

Apart from a driver, a safety supervisor was also on each bus, whose duty was to make sure all passengers are healthy.
"For those who do not use smartphones, they should bring with them a health certificate issued by the health authorities," said Zhou Jingjing, a safety supervisor aboard bus No. 511 departing from the Wuchang Railway Station complex.
The once hardest-hit city in central China's Hubei Province during the COVID-19 outbreak took unprecedented traffic restrictions on Jan 23. All of its public transport and all outbound flights and trains had been suspended in an attempt to contain the virus within the region.

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