Trump threatens government shutdown over immigration

Agencies
July 31, 2018

Washington, Jul 31: President Donald Trump today threatened a government shutdown if the US Congress refuses to back major changes to immigration policies like establishing a merit-based system, saying America is the "laughing stock of the world" due to the "worst" immigration laws. 

Trump has repeatedly called for the merit-based system and the chain migration to reduce overall immigration to the US. Earlier this year, the White House released a proposal for merit-based immigration, which floundered in Congress amid tepid support from within the president's own party. 

He also launched an aggressive push for additional border security measures early this year which include USD 25 billion toward construction of a wall along the US-Mexico border.

"We're the laughing stock of the world. We have the worst immigration laws anywhere in the world," Trump said, adding the US needs border security. 

"Border security includes the wall, but it includes many other things. We have to end the lottery. We have to end the chain migration, which is like a disaster. You bring one person in and you end up with 32 people," Trump said at a White House joint news conference with visiting Italian Prime Minister Giuseppe Conte. 

US lawmakers face a spending deadline in September. The federal government has already shut down twice this year, first over a failed deal for Dreamers, young undocumented migrants brought to the country as children, then over a funding bill.

A shutdown was avoided in March after Congress approved a USD 1.3 trillion spending package that would fund the government through the end of September. However, the spending measure did not address immigration and Trump said at the time, "I will never sign another bill like this again." 

"We have to end these horrible catch-and-release principles where you catch somebody, you take their name and you release them. You don't even know who they are. Then they're supposed to come back to a court case where they want us to hire thousands of judges. The whole thing is ridiculous and we have to change our laws. We do that through Congress," Trump said.

The US president said he and the Italian prime minister are united in their conviction that strong nations must have strong borders.

"We have a solemn obligation to protect our citizens and their quality of life. My administration is working hard to pass border security legislation, improved vetting and establish a merit-based immigration system, which the United States needs very, very importantly, very badly," he said.

In the past also, Trump has favoured a merit-based immigration system which, according to him, would attract the best and the brightest from across the world to the US.

"As far as the border is concerned and personally, if we don't get border security, after many, many years of talk within the United States, I would have no problem doing a shutdown. It's time we had proper border security," he said.

Trump's threat, his second in two days, put him further at odds with his own party in Congress, where many Republicans are facing tough fights in the midterm elections in November.

Trump said he and Conte are focused on the urgent need to protect their nations from terrorism and uncontrolled migration. 

"Our countries have learned through hard experience that border security is national security, they are one and the same, he said.

"Like the United States, Italy is currently under enormous strain as a result of illegal immigration, and they've fought it hard and the prime minister frankly is with us today because of illegal immigration. Italy got tired of it, they didn't want it any longer," said the president. 

Trump has come under intense criticism for his zero-tolerance immigration policy, which prioritises prosecutions of people who enter the US illegally. That policy led to thousands of children being separated from their parents at the southern border. A federal judge ordered the government last month to swiftly reunite those families.

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News Network
January 8,2020

New Delhi, Jan 8: Iran will welcome any peace initiative by India for de-escalating its tensions with the US after the killing of Iranian military commander Qasem Soleimani, the Iranian envoy here said on Wednesday.

His comments come hours after Iran launched missile strikes against two US military bases in Iraq in retaliation to the killing of its top commander General Qassem Soleimani.

"India usually plays a very good role in (maintaining) peace in the world. At the same time, India belongs to this region. We welcome all initiatives from all countries, especially India as a good friend for us, to not allow escalation (of tensions)," Iranian Ambassador to India Ali Chegeni told reporters after a condolence meeting for Solemani at the country's embassy here.

"We are not for war, we are looking for peace and prosperity for everybody in this region. We welcome any Indian initiative or any project that can help peace and prosperity in this world," he said.

On the Iranian attack on US targets in Iraq, Chegeni said his country retaliated under its right to defend.

Amid spiralling US-Iran tensions over the killing of Soleimani, External Affairs Minister S Jaishankar on Sunday had a conversation with his Iranian counterpart Javad Zarif and US Secretary of State Mike Pompeo, voicing India's concerns over the escalation of tensions.

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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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Agencies
June 28,2020

Paris, Jun 28: More than 10 million cases of the new coronavirus have been officially declared around the world, half of them in Europe and the United States, according to an AFP tally on Sunday based on official sources.

At least 10,003,942 infections, including 498,779 deaths, have been registered globally.

Europe remains the hardest hit continent with 2,637,546 cases including 195,975 fatalities, while the United States has 2,510,323 infections including 125,539 deaths.

The rate of infections worldwide continues to rise, with one million new cases recorded in just six days.

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only symptomatic or the most serious cases and some do not have the capacity to carry out widescale testing.

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