Power slips from Mugabe as military steps in

Agencies
November 15, 2017

Harare, Nov 15: Zimbabwe's military appeared to be in control of the country on Wednesday as generals denied staging a coup but used state television to vow to target "criminals" close to President Robert Mugabe.

Mugabe's decades-long grip on power was dramatically weakened as military vehicles blocked roads outside the Parliament in Harare and senior soldiers delivered a late-night television address to the nation.

"We wish to assure the nation that his excellency the president... and his family are safe and sound and their security is guaranteed," Major General Sibusiso Moyo said, slowly reading out a statement.

"We are only targeting criminals around him who are committing crimes... As soon as we have accomplished our mission we expect that the situation will return to normalcy," he added.

Moyo said "this is not a military takeover of government".

But the generals' actions posed as a major challenge to the ageing Mugabe (93), who has ruled Zimbabwe since independence from Britain in 1980.

Tensions between the veteran leader and the military, which has long helped prop up his authoritarian rule, have erupted in public in recent days.

The ruling ZANU-PF party on Tuesday accused army chief General Constantino Chiwenga of "treasonable conduct" after he criticised Mugabe for sacking vice president Emmerson Mnangagwa.

Mnangagwa's dismissal left Mugabe's wife Grace (52), in prime position to succeed her husband as the next president - a succession strongly opposed by senior ranks in the military.

As the situation deteriorated overnight, prolonged gunfire was heard near Mugabe's private residence.

Armoured vehicles in the capital alarmed residents as Chiwenga had warned of a possible military intervention. The army's spokesman was not available to comment.

"The government's silence on the military deployments seem to confirm that President Mugabe has lost control of the situation," Robert Besseling, of the London-based EXX Africa risk consultancy, said.

"Any coup would be likely to involve the imposition of a curfew. The main indicator of a broader outbreak of violence would be the reaction of the Presidential Guard, which remains loyal to President Mugabe," added Besseling.

Mugabe is the world's oldest head of state, but his poor health has fuelled a bitter succession battle as potential replacements jockey for position.

His lengthy rule has been marked by brutal repression of dissent, mass emigration, vote-rigging and economic collapse since land reforms in 2000.

The main opposition MDC party called for civilian rule to be protected.

"No one wants to see a coup... If the army takes over that will be undesirable. It will bring democracy to a halt," shadow defence minister Gift Chimanikire, told AFP on Tuesday.

Speculation has been rife in Harare that Mugabe could seek to remove Chiwenga, who is seen as an ally of ousted Mnangagwa.

Mnangagwa (75), was widely viewed as Mugabe's most loyal lieutenant, having worked alongside him for decades.

Earlier this year, the country was gripped by a bizarre spat between Grace and Mnangagwa that included an ice cream poisoning incident that laid bare the pair's rivalry.

Grace Mugabe, 41 years younger than her husband, has become increasingly active in public life in what many say was a process to help her eventually take the top job.

She was granted diplomatic immunity in South Africa in August after she reportedly assaulted a model at an expensive Johannesburg hotel where the couple's two sons were staying.

As the economy collapsed, Zimbabwe was engulfed by hyperinflation and was forced to abandon its own currency in 2009 in favour of the US dollar.

The country, which has an unemployment rate of over 90%, is due to hold elections next year with Mugabe pledging to stand for office again.

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Agencies
May 31,2020

Washington, May 31: US President Donald Trump said Saturday he will delay the G7 summit scheduled to take place in June and invite other countries -- including India and Russia -- to join the meeting.

"I don't feel that as a G7 it properly represents what's going on in the world. It's a very outdated group of countries," Trump told reporters on Air Force One.

He said he would like to invite Russia, South Korea, Australia and India to join an expanded summit in the fall.

It could happen in September, either before or after the UN General Assembly, Trump said, adding that "maybe I'll do it after the election."

Americans head to the polls in early November to choose a new president, with Trump keen for a return to normalcy after the coronavirus pandemic and a healthy economy as voters cast their ballots.

Describing the event as a "G-10 or G-11", Trump said he had "roughly" broached the topic with leaders of the four other countries.

Leaders from the Group of Seven, which the United States heads this year, had been scheduled to meet by videoconference in late June after COVID-19 scuttled plans to gather in-person at Camp David, the US presidential retreat outside Washington.

Trump created suspense last week, however, when he announced that he might hold the huge gathering in-person after all, "primarily at the White House" but also potentially parts of it at Camp David.

German Chancellor Angela Merkel became the first leader to decline the in-person invitation outright.

"Considering the overall pandemic situation, she cannot agree to her personal participation, to a journey to Washington," her spokesman said Saturday.

Her response followed ambivalent to positive reactions to the invitation from Britain, Canada and France.

The 65-year-old chancellor is the oldest G7 leader after Trump, who is 73. Japan's Shinzo Abe, also 65, is several months younger than Merkel. Their age puts them at higher risk from the coronavirus.

The G7 major advanced countries -- Britain, Canada, France, Germany, Italy, Japan and the United States -- hold annual meetings to discuss international economic coordination.

Russia was thrown out of what was the G8 in 2014 after it seized Ukraine's Black Sea peninsula of Crimea, an annexation never recognized by the international community.

The work of the G7 is now more important than ever as countries struggle to repair coronavirus-inflicted damage.

The White House had previously said the huge diplomatic gathering would be a "show of strength" when world economies are gradually reemerging from shutdowns.

The United States is the worst-hit country for COVID-19 infections, recording more than 1.7 million cases and over 103,680 deaths.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
January 3,2020

Washington, Jan 3: US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani, who died in Baghdad "in a decisive defensive action to protect US personnel abroad," the Pentagon said Thursday.

"General Soleimani was actively developing plans to attack American diplomats and service members in Iraq and throughout the region. General Soleimani and his Quds Force were responsible for the deaths of hundreds of American and coalition service members and the wounding of thousands more," the Department of Defense said.

Following Soleimani's death, Trump tweeted an image of the US flag without any further explanation.

"US' act of international terrorism, assassinating General Soleimani—the most effective force fighting Daesh (ISIS), Al Nusrah,Al Qaeda, is extremely dangerous & foolish escalation. US bears responsibility for all consequences of rogue adventurism." said Iran Foreign Minister Javad Zarif.

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