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World leaders ‘stand' with Britain after London attack

[email protected] (Agencies)
March 23, 2017

Paris, Mar 23: World leaders unanimously condemned the attack in the heart of London by a man who was shot dead by armed police, with many saying they stand with Britain.

UK Parliament

At least four people were killed and more than 40 injured in the attack outside parliament on Wednesday when a man mowed down pedestrians with a car then leapt out and stabbed a police officer.

In an address outside her Downing Street office, Prime Minister Theresa May described the attack as "sick and depraved" saying the assailant chose the site as an assault on Britain's democratic values.

Germany

Chancellor Angela Merkel said Germany stood "firmly and resolutely alongside Britons in the struggle against all forms of terrorism" while President Frank-Walter Steinmeier added: "In these grave moments, we Germans feel very close to the British people."

France

President Francois Hollande sent a message of "solidarity" and "support to the British people" saying France could identify with their pain after the attack, in which three French high school students were also wounded.

"France, which has been hit so hard in recent times, knows what the British people are suffering today," he said.

And Prime Minister Bernard Cazeneuve tweeted: "Solidarity with our British friends, horribly attacked, full support for the injured French students, their families and their friends."

United States

The White House condemned the attack and pledged "the full support of the US government in responding to the attack and bringing those to justice who are responsible," spokesman Sean Spicer said at a briefing.

Canada

Canadian Prime Minister Justin Trudeau tweeted: "Our thoughts are with the victims of today's attack in London and their families. Canadians remain united with the people of the UK."

European Union

European Commission President Jean-Claude Juncker said the attack left him "highly emotional".

In Brussels to commemorate the one-year anniversary of attacks on the main airport and a metro station, Juncker said "the fact that exactly on the same day something similar happened in London, and to London, is really putting me in the situation of someone who does not have... enough words to express how I am deeply feeling."

European Council President Donald Tusk tweeted: "My thoughts are with the victims of the Westminster attack. Europe stands firm with the UK against terror and ready to help".

Russia

Speaking on Russian television, foreign ministry spokeswoman Maria Zakharova sent Moscow's "condolences" and said Russia felt Britain's pain.

"We consider it an evil to which it is necessary to fight collectively. In this moment, as always, our hearts are with Britons and we share their pain".

The Netherlands

Prime Minister Mark Rutte told Dutch television he was shocked by the "horrific" news and said: "The city is in our hearts. We are following the situation closely, and are in contact with the British authorities."

Italy

Italian Prime Minister Paolo Gentiloni, who observed a moment of silence at the start of a meeting with Social Democratic lawmakers, expressed his "condolences" and said: "Italy and the United Kingdom remain side-by-side in our condemnation and firm response to all forms of terrorism".

Belgium

"Our condolences are with those who mourn and all who are affected in London," Prime Minister Charles Michel tweeted. "Belgium stands with U.K. in fight against terror."

Turkey

Turkish President Recep Tayyip Erdogan emphasised that "Turkey feels and shares deeply in the United Kingdom's pain" and that it stood in "solidarity" with Britain "in the fight against terrorism".

Erdogan had earlier warned Europeans in a speech on Wednesday that "no European, no Westerner will be able to take steps on the street safely and peacefully," as a crisis between Ankara and the EU showed no signs of abating.

Turkish Prime Minister Binali Yildirim called terrorism "a global catastrophe" on Turkish television, adding: "All countries should come together on the terror issue and fight together against" it.

Greece

"We express our solidarity with the British people on today's indiscriminate attack," Greek Prime Minister Alexis Tsipras tweeted.

Spain

Spanish Prime Minister Mariano Rajoy tweeted: "Spain stands with the British people. I condemn the attack in the vicinity of Westminster, London. Solidarity with the victims."

"This attack clearly shows the priorities on which Europe must concentrate. It's only when we are united that we have the capacity to face these threats," said Portugal's Prime Minister Antonio Costa.

Australia

Australian Prime Minister Malcolm Turnbull said the assault was an attack on "freedom and democracy everywhere".

"But we will never, ever let the terrorists win. We will defeat and destroy them on the battlefield, we will defeat and defy them at home," he said.

"We will never change the way we live. We will never let them divide us."

Qatar

Qatar stressed its rejection of violence "in all its forms" and its support for the UK government "in all the measures it takes to maintain the country's security."

Venezuela

Venezuela's socialist President Nicolas Maduro expressed "full support for the people of London and our absolute rejection of all forms of terrorism."

"Enough terrorism, enough war, enough violence. We condemn terrorism in all its forms and support the victims and their families," he said in televised comments.

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News Network
March 31,2020

Washington, Mar 31: The United States has performed over one million coronavirus tests so far, said President Donald Trump on Monday.

"Today, we reached a historic milestone in our war against coronavirus. Over 1 million Americans have now been tested, more than any other country by far, not even close," Trump said during a press briefing.

US Health Secretary Alex Azar said that approximately 100,000 samples are tested for coronavirus daily.

The number of novel coronavirus (COVID-19) cases within the United States surpassed 150,000 and the death toll has reached 2828, according to Johns Hopkins University. 

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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
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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