Trump to recognise Jerusalem as Israel's Capital: White House

Agencies
December 6, 2017

Washington, Dec 6: US President Donald Trump will recognise Jerusalem as the capital of Israel and will direct the State Department to initiate the process of moving the American embassy from Tel Aviv to Jerusalem, according to senior administration officials.

According to senior administration officials, Trump is expected to make the announcement along with his policy at about 1 pm (local time) on Wednesday (11.30 pm IST).

"The President would say that the US government recognises that Jerusalem is the capital of Israel. He views this as recognition of historic reality. Jerusalem has been capital of Jewish people since ancient times and modern reality that it has been the seat of government, important ministries, its legislature, the Supreme court," a senior administration official told reporters on the eve of Trump's much anticipated announcement on Jerusalem.

In his remarks, Trump will also direct the State Department to initiate the process of moving the US Embassy from Tel Aviv to Jerusalem.

Noting that finding appropriate land and construction of a new embassy would take at least a couple of years, officials said Trump would continue to give waiver as required by the Congress -- for not moving its diplomatic mission to Jerusalem.

In taking this action, another senior administration official said, Trump will fulfill a major campaign promise that has been made by a number of previous presidential candidates.

Trump's action enjoys broad bipartisan support in the Congress.

Such a move which is being opposed by the countries in the Middle East, is unlikely to have an impact on the two- state solution to the Israel-Palestine conflict, the official said.

"Trump remains committed to achieving a lasting peace agreement between the Palestinians and Israel, and is optimistic that peace can be achieved," the official said, adding that not recognising Jerusalem as capital of Israel has done nothing to achieve peace for more than two decades.

Trump, the official said, recognises that the specific boundaries of Israeli sovereignty are subject to final status negotiations.

Responding to questions, senior administration officials said the President believes that this would have no impact on the peace process.

He believes that the deal is within reach and can be achieved.

Earlier, Trump spoke over phone with a number of world leaders in the Middle East to share his decision on Jerusalem, the White House said.

Trump spoke separately with Israel Prime Minister Benjamin Netanyahu, Palestine President Mahmoud Abbas, King Abdullah II of Jordan, President Abdel Fattah Al Sisi of Egypt, and King Salman Bin Abdulaziz Al Saud of Saudi Arabia.

"This announcement does not change US policy over these specific borders," the senior administration official said, while another official asserting that the President is not taking a decision that affects any of the boundaries and sovereignty.

Trump's anticipated announcement received mixed message from lawmakers.

Senator Ted Cruz described this as a "historical" announcement.

"I strongly encourage and would unequivocally support President Trump formally recognising Jerusalem as Israel's capital and beginning the important process of moving our embassy from Tel Aviv to Jerusalem," he said.

Meanwhile, Senator Bernie Sanders said he is extremely concerned by reports that Trump plans to recognise Jerusalem as the Israeli capital.

"There's a reason why all past US administrations have avoided making this move, and why leaders from all over the world, including a group of former Israeli ambassadors, have warned Trump against doing it. It would dramatically undermine the prospects for an Israeli-Palestinian peace agreement, and severely, perhaps irreparably, damage the US' ability to broker that peace," Sanders said.

"What the US should be doing now is bringing adversaries in the middle east together to seek common solutions, not exacerbating tensions in this highly volatile region," he said.
Shibley Telhami, Anwar Sadat professor for peace and development, University of Maryland told PBS newspaper that it is a historic development.

"It's huge historically, because not only has the US not recognised Jerusalem as the capital of Israel, but really historically the international community has seen Jerusalem as very different. In fact, even West Jerusalem wasn't recognised by the US, in part because there was some international status and vision for Jerusalem historically," Telhami said.

Meanwhile, the State Department warned US embassies around the world to prepare for possible protests and violence and banned travel by government employees and their families to Jerusalem's Old City and the West Bank. 

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News Network
July 2,2020

Naypyitaw, Jul 2: A landslide at a jade mine in northern Myanmar has killed at least 113 people, officials say, warning the death toll is likely to rise further.

The incident took place early on Thursday in the jade-rich Hpakant area of Kachin state after a bout of heavy rainfall, the Myanmar Fire Services Department said on Facebook.

"The jade miners were smothered by a wave of mud," the statement said. "A total of 113 bodies have been found so far," it added, raising the death toll from at least 50.

Photos posted on the Facebook page showed a search and rescue team wading through a valley apparently flooded by the mudslide.

'No one could help them'

Maung Khaing, a 38-year-old miner from the area, said he saw a towering pile of waste that looked on the verge of collapse and was about to take a picture when people began shouting "run, run!"

"Within a minute, all the people at the bottom [of the hill] just disappeared," he told Reuters news agency by phone.

"I feel empty in my heart. I still have goosebumps ... There were people stuck in the mud shouting for help, but no one could help them."

Tar Lin Maung, a local official with the information ministry, said authorities had recovered more than 100 bodies.

"Other bodies are in the mud. The numbers are going to rise," he told Reuters.

Fatal landslides are common in the poorly regulated mines of Hpakant, the victims often from impoverished communities who risk their lives hunting the translucent green gemstone.

The government of Myanmar leader Aung San Suu Kyi pledged to clean up the industry when it took power in 2016, but activists say little has changed.

Official sales of jade in Myanmar were worth $750.4m in 2016-2017, according to data published by the government as part of the Extractive Industries Transparency Initiative.

But experts believe the true value of the industry, which mainly exports to China, is much larger.

Northern Myanmar's abundant natural resources - including jade, timber, gold and amber - have also helped finance both sides of a decades-long conflict between ethnic Kachin and the military.

The fight to control the mines and the revenues they bring frequently traps local civilians in the middle.

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News Network
May 19,2020

May 18: Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.

Two-thirds of the 347 respondents to the survey - carried out in response to the outbreak - put a lengthy contraction in the global economy top of their list of concerns for the next 18 months.

Half of risk managers expected bankruptcies and industry consolidation, the failure of industries to recover and high levels of unemployment, particularly among the young.

“The crisis has devastated lives and livelihoods. It has triggered an economic crisis with far-reaching implications and revealed the inadequacies of the past," said Saadia Zahidi, managing director of the World Economic Forum.

Environmental goals risk being discarded as a result of the pandemic, the report said, but governments should try to carve out a "green recovery".

"We now have a unique opportunity to use this crisis to do things differently and build back better economies that are more sustainable, resilient and inclusive," Zahidi said.

The report was compiled by the World Economic Forum’s Global Risks Advisory Board together with Marsh & McLennan Companies Inc and Zurich Insurance Group.

Risk managers were surveyed between April 1 and 13.

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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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