Sri Lanka: Terror death toll rises to 290, about 500 injured

Agencies
April 22, 2019

Colombo, Apr 22: At least 290 are now known to have died in a series of bomb blasts that tore through churches and luxury hotels in Sri Lanka, in the worst violence to hit the island since its devastating civil war ended a decade ago.

Eight apparently co-ordinated explosions targeted Easter worshippers and high end hotels popular with international guests.

The horrific death toll, which has risen dramatically overnight, was given on Monday morning by a police spokesman, who said a further 500 people had been wounded.

The news came hours after it was revealed that an improvised bomb discovered at the main airport in Colombo had been defused.

A nationwide curfew imposed shortly after the blasts was lifted early Monday. There was still a heavy security presence at the city's St Sebastien's Church, the scene of one of the devastating blasts.

President Maithripala Sirisena, who was abroad when the attacks happened, had called a meeting of the National Security Council early on Monday. Prime Minister Ranil Wickremesinghe would attend the meeting, the source said.

Sri Lanka's small Christian minority — just six percent of the 21 million-strong population — has been targeted by violence in the past, but never to such brutal effect.

There was no immediate claim of responsibility, but police said on Monday 24 people had been arrested. The government earlier said investigators would to look into whether the attackers had "overseas links".

The powerful blasts — six in quick succession and then two more hours later — wounded around 450 people.

At least two of the explosions involved suicide bombers, including one who lined up at a hotel breakfast buffet before unleashing carnage.

Six Indians killed in blasts

The police said on Monday that at least six Indian nationals have been reported among the foreigners who died in the blasts.

External affairs minister Sushma Swaraj on Monday identified two more individuals killed in the blasts on Sunday.

"We sadly confirm the deaths of the following two individuals in the blasts yesterday, K G Hanumantharayappa and M Rangappa," Swaraj retweetd Indian High Commission in Colombo's tweet.

On Sunday, Swaraj, in a series of tweets, identified the three Indians as Lakshmi, Narayan Chandrashekhar and Ramesh.

"Indian High Commission in Colombo has conveyed that National Hospital has informed them about the death of three Indian nationals," she said in a tweet.

Intel on attacks

Sri Lanka's police chief Pujuth Jayasundara had issued an intelligence alert to top officers 10 days ago, warning that suicide bombers planned to hit "prominent churches".

"A foreign intelligence agency has reported that the NTJ (National Thowheeth Jama'ath) is planning to carry out suicide attacks targeting prominent churches as well as the Indian high commission in Colombo," the alert said.

The NTJ is a radical Muslim group in Sri Lanka that was linked last year to the vandalisation of Buddhist statues.

Prime Minister Ranil Wickremesinghe acknowledged that "information was there" about possible attacks and that an investigation would look into "why adequate precautions were not taken".

Ethnic and religious violence has plagued Sri Lanka for decades, with a 37-year conflict with Tamil rebels followed by an upswing in recent years in clashes between the Buddhist majority and Muslims.

Embassies in the capital warned citizens to stay inside, while there were chaotic scenes at Colombo airport as travellers formed huge lines at the only taxi counter that was open.

Sri Lankans anxious over what's to come

Bhanuka Harischandra was running a little late for his meeting on Sunday.

As a car carrying him pulled into the back entrance of the luxury Shangri-La Hotel in Sri Lanka's capital of Colombo, he realized something was wrong.

People were telling him not to come in, it wasn't safe. Still, the car pulled around to the front of the hotel and Harischandra saw the aftermath of a bombing. People were being evacuated, others were being dragged. Blood and ambulances were everywhere.

"It was panic mode," Harischandra, a 24-year-old founder of a tech marketing company, said by telephone later in the day. "I didn't process it for a while."

He decided to go to the Cinnamon Grand Hotel, where he thought it would be safe. But just after he was dropped at the luxury hotel and about to enter the building, he heard another bomb go off.

Now he was being evacuated. Soot and ash fell on his white sweat shirt.

His car had left, so he hailed a motorized rickshaw and went to meet friends at a coffee shop. They contacted other friends, trying to make sure everyone they knew was safe.

It was too soon to think about what it might mean.

Over the course of the day, a series of bombs exploded, including at churches and luxury hotels, killing more at least 290 people. The Easter Sunday violence was the deadliest the South Asian island country has seen since a bloody civil war ended a decade ago.

Many Sri Lankans remember well the terror of the 26-year war. But not Harischandra, who was just a teenager when it officially ended. Toward the end, the conflict was not in Colombo. Growing up, he was mostly aware of his parents' anxiety about safety, not of actual fighting.

Now their anxiety is back.

"For them, it's a bit of a different situation," he said. "They're afraid this might start racial violence."

On Sunday night, he was with his family, observing a curfew. He said there was "a lot of tension" in the air, but he was also hoping that the worst might be over: It had been a few hours since the last blast.

Harischandra was heartened by the fact that his social media feed was flooded with photos of the lines of people waiting to give blood. Lines so long "you can't see the end."

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News Network
January 10,2020

Mumbai, Jan 10: India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017, but its domestic production is expected to rise only marginally, making the country more reliant on crude imports and more vulnerable to supply disruption in the Middle East, the agency said.

China’s demand growth is likely to be slightly lower than that of India by the mid-2020s, as per IEA’s China estimates given in November, but the gap would slowly become bigger thereafter.

“Indian economy is and will become even more exposed to risks of supply disruptions, geopolitical uncertainties and the volatility of oil prices,” the IEA said in a report on India’s energy policies.

Brent crude prices topped USD 70 a barrel on rising geopolitical tensions in the Middle East, putting pressure on emerging markets such as India. Like the rest of Asia, India is highly dependent on Middle East oil supplies with Iraq being its largest crude supplier.

India, which ranks No 3 in terms of global oil consumption after China and the United States, ships in over 80 per cent of its oil needs, of which 65 per cent is from the Middle East through the Strait of Hormuz, the IEA said.

The IEA, which coordinates release of strategic petroleum reserves (SPR) among developed countries in times of emergency, said it is important for India to expand its reserves.

REFINERY INVESTMENTS

India is the world’s fourth largest oil refiner and a net exporter of refined fuel, mainly gasoline and diesel.

India has drawn plans to lift its refining capacity to about 8 million bpd by 2025 from the current about 5 million bpd.

The IEA, however, forecasts India’s refining capacity to rise to 5.7 million bpd by 2024.

This would make “India a very attractive market for refinery investment,” IEA said.

Drawn to India’s higher fuel demand potential, global oil majors like Saudi Aramco, BP, Abu Dhabi National Oil Co and Total are looking at investing in India’s oil sector.

Saudi Aramco and ADNOC aim to own a 50 per cent stake in a planned 1.2-million bpd refinery in western Maharashtra state, for which land is yet to be acquired.

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
March 28,2020

Washington, Mar 28: A US-based lab has unveiled a portable test that can tell if someone has COVID-19 in as little as five minutes, it said in a statement Friday.

Abbot Laboratories said the US Food and Drug Administration (FDA) had given it emergency authorization to begin making the test available to healthcare providers as early as next week.

The test, which is the size of a small toaster and uses molecular technology, also shows negative results within 13 minutes, the company said in a press statement.

"The COVID-19 pandemic will be fought on multiple fronts, and a portable molecular test that offers results in minutes adds to the broad range of diagnostic solutions needed to combat this virus," said Abbot president and chief operating officer Robert Ford.

The test's small size means it can be deployed outside the "traditional four walls of a hospital in outbreak hotspots," Ford said, and Abbott is working with the FDA to send it to virus epicenters.

The test has not been cleared or approved by the FDA, and has only been authorized for emergency use by approved labs and healthcare providers, the company said.

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