US politicians whip up Russia, Iran, N Korea sanctions

Agencies
July 27, 2017

Washington, Jul 27: United States House and Senate Republicans have worked out a deal to move quickly on a package of new financial sanctions against Russia, Iran and North Korea and bar President Donald Trump from easing sanctions on Moscow without Congress' approval.

Republican Senator Bob Corker, chairman of Foreign Relations Committee, said in a statement on Wednesday that he and House Majority Leader Kevin McCarthy had reached an agreement that removed the last obstacle to passing the bill. The measure hits the three US foes with additional penalties.

"I am glad to announce that we have reached an agreement that will allow us to send sanctions legislation to the president's desk," Corker said.

The House had overwhelmingly approved the legislation on Tuesday, 419-3. But Corker had objected to including the sanctions targeting Pyongyang in the legislation.

He wanted to keep the North Korea penalties in a separate bill that the Senate would consider. But Corker dropped his objections. He said the Senate will "move to approve" the House-passed bill after receiving assurances the North Korea sections would be fine-tuned at a later date.

"Going forward, the House has committed to expeditiously consider and pass enhancements to the North Korea language, which multiple members of the Senate hope to make in the very near future," he said.

Russia punished for alleged election meddling

The sanctions against Moscow are punishment for its alleged meddling in the 2016 presidential election and its military actions in Ukraine and Syria.

According to the bill, Trump would be barred from easing the Russia sanctions without first getting permission from Congress, a demand that could imperil his bid for better relations with Moscow.

A version of the sanctions legislation that only addressed Russia and Iran cleared the Senate nearly six weeks ago with 98 votes.

"Not a word of the North Korea bill has been looked at over here. Not a word," Corker told reporters earlier on Wednesday as he explained his concerns.

But House politicians fired back, noting that the House had decisively passed a North Korea-only sanctions bill in May, yet the Senate never took that bill up.

They added that it's all the more important to push ahead with the North Korea sanctions following a report that US intelligence officials believe Pyongyang will have a reliable, intercontinental missile capable of carrying a nuclear weapon as early as next year.

"That is why the House added the previously House-passed North Korea sanctions bill - which has been languishing in the Senate for over two months - to the Senate bill," said Matt Sparks, a spokesman for McCarthy.

Senator Ben Cardin of Maryland, the top Democrat on the Foreign Relations Committee, said he and other Democrats had no objections to making the North Korea sanctions part of the overall package.

"There's nothing in the bill that I find problematic," he said. "I hope we pass it the way it is."

Russia, EU react

Earlier on Wednesday, Russia warned it was edging closer to retaliation against Washington after the House of Representatives backed new US sanctions on Moscow.

"This is rather sad news from the point of view of Russia-US ties," said Dmitry Peskov, a Kremlin spokesman. "We are talking about an extremely unfriendly act."

He said President Vladimir Putin would decide if and how Moscow would retaliate once the sanctions became law.

Russia's deputy foreign minister warned the move was taking bilateral relations into uncharted waters, killing off hopes of improving them in the near future.

Meanwhile, new sanctions against Russia could harm German companies and add another difficulty to Berlin's relationship with Washington, German economy minister Brigitte Zypries said on Thursday.

"The US has left the common line it had with Europe for sanctions against Russia," Zypries told ARD television, adding that by not coordinating with Europe on the matter, there was a risk that German companies would be harmed.

German business leaders warn that new sanctions passed last week by the US House of Representatives could prevent German companies from working on pipeline projects that they say are essential to Germany's energy security.

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Agencies
June 16,2020

India continues to remain ranked 43rd on an annual World Competitiveness Index compiled by Institute for Management Development (IMD) with some traditional weaknesses like poor infrastructure and insufficient education investment keeping its ranking low, the international business school said on Tuesday.

Singapore has retained its top position on the 63-nation list.

Denmark has moved up to the second position (from 8th last year), Switzerland has gained one place to rank 3rd, the Netherlands has retained its 4th place and Hong Kong has slipped to the fifth place (from 2nd in 2019).

The US has moved down to 10th place (from 3rd last year), while China has also slipped from 14th to 20th place. Among the BRICS nations, India is ranked second after China, followed by Russia (50th), Brazil (56th) and South Africa (59th).

India was ranked 41st on the IMD World Competitiveness Ranking, being produced by the business school based in Switzerland and Singapore every year since 1989, but had slipped to 45th in 2017 before improving to 44th in 2018 and then to 43rd in 2019.

While its overall position has remained unchanged in the 2020 list, it has recorded improvements in areas like long-term employment growth, current account balance, high-tech exports, foreign currency reserves, public expenditure on education, political stability and overall productivity, the IMD said.

However, it has moved down in areas like exchange rate stability, real GDP growth, competition legislation and taxes.

Arturo Bris, Head of Competitiveness Center at IMD Business School, said India continues to struggle on the list and the recent country rating downgrade by Moody’s reflects the uncertainties regarding the economy’s future.

"In our ranking this year, we again emphasize the traditional weaknesses of India -- poor infrastructure, an important deficit in education investment, and a health system that does not reach everybody. For India to follow the path of China, it must stress its intangible infrastructure," Bris said.

"In a less global world, with China, USA, and Europe looking inwards, currencies like the rupee (and the Brazilian real for instance) are going to suffer and display high volatilities.

"Moody’s has threatened the country with a downgrade to junk and that would put India in a terrible position to attract foreign capital. So the urgency for the government should be to fix the short-term problems—and this requires to improve the credibility of the government itself," Bris added.

With the exception of Singapore, the Philippines, Taiwan and the Korean Republic, most Asian economies dropped in rankings this year, the IMD said.

The reason for the Asian economies’ less stellar performance as a region, this year is partly the result of the trade frictions between China and the US, particularly because these economies are highly dependent on trade with China.

About Singapore, which moved to the top rank last year, the IMD said its position is largely driven by the relative ease of setting up business, availability of skilled labour and its cutting-edge technological infrastructure.

The IMD said the impact of COVID-19 on the competitiveness ranking has partially been captured by executives’ opinions about the effectiveness of the different health systems.

In the ASEAN countries included in the survey, only Singapore and Thailand have a positive performance in the effectiveness of the health infrastructure.

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News Network
July 11,2020

Geneva, Jul 11: The World Health Organization said Friday that it is still possible to bring coronavirus outbreaks under control, even though case numbers have more than doubled in the past six weeks.

WHO chief Tedros Adhanom Ghebreyesus said the examples of Italy, Spain, South Korea and India's biggest slum showed that however bad a outbreak was, the virus could still be reined in through aggressive action.

"In the last six weeks cases have more than doubled," Tedros told a virtual press conference in Geneva.

However, "there are many examples from around the world that have shown that even if the outbreak is very intense, it can still be brought back under control," said Tedros.

"And some of these examples are Italy, Spain and South Korea, and even in Dharavi -- a densely packed area in the megacity of Mumbai -- a strong focus on community engagement and the basics of testing, tracing, isolating and treating all those that are sick is key to breaking the chains of transmission and suppressing the virus."

The novel coronavirus has killed at least 555,000 people worldwide since the outbreak emerged in China last December, according to a tally from official sources compiled by AFP on Friday.

Nearly 12.3 million cases have been registered in 196 countries and territories.

"Across all walks of life, we are all being tested to the limit," Tedros said, "from countries where there is exponential growth, to places that are loosening restrictions and now starting to see cases rise.

"Only aggressive action combined with national unity and global solidarity can turn this pandemic around."

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News Network
July 27,2020

Chengdu, China, Jul 27: The American flag was lowered at the United States consulate in Chengdu on Monday, days after Beijing ordered it to close in retaliation for the shuttering of the Chinese consulate in Houston.

Footage on state broadcaster CCTV from outside the consulate showed the flag being slowly lowered early Monday morning, after diplomatic tensions soared between the two powers with both alleging the other had endangered national security.

Relations deteriorated in recent weeks in a Cold War-style standoff, with the Chengdu mission Friday ordered to shut in retaliation for the forced closure of Beijing's consulate in Houston, Texas.

The deadline for the Americans to exit Chengdu has been unclear, but the Chinese consulate in Houston was given 72 hours to close after the original order was made.

On Saturday news agency reporters saw workers removing the US insignia from the front of the consulate.

Over the weekend, removals trucks entered the US consulate and cleaners were seen carting large black rubbish bags from the building.

Beijing says closing the Chengdu consulate was a "legitimate and necessary response to the unreasonable measures by the United States", and has alleged that staff at the diplomatic mission endangered China's security and interests.

Washington officials, meanwhile, said there had been unacceptable efforts by the Chinese consulate in Houston to steal US corporate secrets.

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