Trump pushes UN reform as world leaders gather for crisis talks

Agencies
September 18, 2017

United Nations, Sept 18: US President Donald Trump makes his debut at the United Nations on Monday, with an address on UN reform as a week of intense diplomacy kicks off, dominated by worries about North Korea, Iran and Myanmar.

Trump, who once disparaged the world body as a "club" for "people to get together, talk and have a good time," will lay out his views on how to improve the United Nations a day before he makes his first address to the General Assembly.

About 130 world leaders are attending this year's global gathering, but all eyes will be on Trump, whose "America First" agenda has alarmed both allies and foes.

The UN's number one financial backer, the United States has threatened deep cuts to UN funding that Secretary-General Antonio Guterres has said would create an "unsolvable problem" for the world body.

Guterres, who is pushing for an overhaul of the UN bureaucracy, will also address the event at which leaders will sign a pledge of support for reform.

France and Russia have reacted coolly to the US initiative, amid concerns that the US administration is focused more on cost-cutting than improving the UN's performance.

US Ambassador Nikki Haley was a driving force behind a $600-million-dollar cut to the UN peacekeeping budget this year.

Haley on Friday pointed to the more than 120 countries that back the US-drafted political declaration on UN reform as a "miraculous number," showing there is support for a "massive reform package" led by Guterres.

On Monday, Trump will hold talks with French President Emmanuel Macron, who will also be making his maiden address at the General Assembly on Tuesday, and with Israeli Prime Minister Benjamin Netanyahu.

Both Macron and Netanyahu are expected to raise the future of the Iran nuclear agreement, with the French leader making a strong case for keeping it alive and the Israeli prime minister pushing for its demise.

Trump will also have a working dinner with Latin American leaders that will touch on the crisis in Venezuela.

North Korea's nuclear and missile tests will be in the spotlight with foreign ministers set to discuss enforcing sanctions against Pyongyang during a Security Council meeting on non-proliferation on Thursday.

Also on Thursday, Trump will be holding talks with Japanese and South Korean leaders who have backed the US drive to ratchet up sanctions on North Korea.

The council last week imposed a new raft of measures such as a ban on export textiles and a cap on oil shipments to pile pressure on Pyongyang to come to the table and negotiate an end to its nuclear and missile programs.

Russia and China, however, are calling for diplomatic talks with North Korea while warning that a military option as suggested by the United States would have catastrophic consequences.

British Foreign Secretary Boris Johnson will host a meeting on the military campaign in Myanmar which the United Nations has described as "ethnic cleansing" after more than 400,000 Rohingya Muslims were forced to flee.

The closed-door meeting will be attended by a representative from Myanmar and by foreign ministers from "a range of countries with a strong interest in seeing an end to the violence there," a British diplomat said.

Ahead of the opening of the General Assembly, UN member-states will discuss the aftermath of Hurricane Irma that devastated parts of the United States and the Caribbean.

The hurricane disaster offers a reminder of the destructive force of nature as leaders set their sights on implementing the Paris agreement on climate change despite the US withdrawal from the deal.

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News Network
March 13,2020

Mar 13: Canadian Prime Minister Justin Trudeau and his wife announced they were self-isolating Thursday as she undergoes tests for the new coronavirus after returning from a speaking engagement with "mild flu-like symptoms."

Sophie Gregoire-Trudeau's symptoms have subsided since she recently got back from Britain, but as a precaution the prime minister "will spend the day in briefings, phone calls and virtual meetings from home," according to a statement.

Trudeau also cancelled a meeting Thursday and Friday with Canada's provincial and territorial leaders in Ottawa, but still planned to speak with them and world leaders by phone about measures being taken to curb the spread of the virus in Canada.

Gregoire-Trudeau's symptoms had included "a low fever late last night." She immediately sought medical advice and testing.

Trudeau has exhibited no symptoms, and was advised by doctors "to continue daily activities while self-monitoring."

"However, out of an abundance of caution, the prime minister is opting to self-isolate and work from home until receiving Sophie's results," said his office.

Since the novel coronavirus first emerged in late December 2019, 127,070 cases have been recorded in 115 countries and territories, killing 4,687 people, according to an AFP tally compiled at 1200 GMT on Thursday based on official sources.

Canada has so far reported more than 100 cases in six provinces, and one death.

Also Thursday, the Canada's Juno music awards cancelled its upcoming gala show, planned for Sunday evening in Saskatoon, Saskatchewan.

"We are devastated to cancel this national celebration of music, but at this time of global uncertainty, the health, safety and well-being of all Canadians must stand at the forefront of any decisions that impact our communities," organisers said in a statement.

And in Quebec province, Premier Francois Legault unveiled a series of measures to prevent the spread of the coronavirus, including placing all travellers returning from overseas under quarantine for two weeks.

Quebec also banned indoor gatherings of more than 250 people.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
May 23,2020

Karachi, May 23: Ninety-seven people were killed and two survived when a passenger plane crashed into homes in Pakistan's southern city of Karachi, health officials said Saturday.

The Pakistan International Airlines (PIA) plane had made multiple approaches to land at the city's airport when it came down in a residential area, damaging buildings and sparking a rescue operation that lasted into the night.

All passengers and crew had been accounted for and the bodies of those killed had been recovered from the crash site, the Sindh Health Ministry said, adding that 19 had been identified.

A local hospital earlier reported it had received the bodies of people killed on the ground.

The site remained cordoned off on Saturday morning.

The crash sent plumes of smoke were into the air as rescue workers and residents searched the debris for people and as firefighters tried to extinguish the flames.

An AFP reporter witnessed charred bodies being loaded into ambulances.

PIA said the plane lost contact with air traffic control just after 2:30 pm (0930 GMT) travelling from Lahore to Karachi.

The disaster comes as Pakistanis prepare to celebrate the end of Ramadan and the beginning of Eid al-Fitr, with many travelling back to their homes in cities and villages.

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