Zimbabwe in 'total internet shutdown' amid violent crackdown

Agencies
January 19, 2019

Harare, Jan 19: Zimbabwe on Friday faced a “total internet shutdown,” a media group said, after a days-long violent crackdown on people protesting a dramatic fuel price increase. Badly injured people streamed into a hospital in the capital after alleged assaults by security forces.

“Our country is going through one of the most trying periods in its history,” the Zimbabwe Catholic Bishops’ Conference said in a sweeping statement lamenting the government’s “intolerant handling of dissent” and its failure to halt economic collapse.

Media group MISA-Zimbabwe shared a text message from the country’s largest telecom company, Econet, calling the government’s internet order “beyond our reasonable control.” The High Court will hear a challenge to the shutdown on Monday, the Zimbabwe Lawyers for Human Rights said.

A prominent pastor and activist who faces a possible 20 years in prison on a subversion charge arrived at court, one of more than 600 people arrested this week. Evan Mawarire has called it “heartbreaking” to see the new government of President Emmerson Mnangagwa acting like that of former leader Robert Mugabe.

Mawarire is accused of inciting civil disobedience online. “It’s a shame what’s happening,” the pastor said.

International calls for restraint by Zimbabwe’s security forces are growing, while Mnangagwa prepares to plead for more investment at the World Economic Forum in Davos, Switzerland. He announced the fuel price increase on the eve of his overseas trip, leaving hardline former military commander and Vice President Constantino Chiwenga as acting president.

Gasoline in the economically shattered country is now the world’s most expensive. Zimbabweans heeded a nationwide stay-at-home call earlier this week in protest. Rights groups and others have accused security forces of targeting activists and labor leaders in response, with the United States expressing alarm.

The U.N. human rights office on Friday urged Zimbabwe to stop the crackdown, noting reports of intimidating door-to-door searches by security forces.

The Zimbabwe Association of Doctors for Human Rights has said it had treated 68 cases of gunshot wounds and 100-plus other cases of “assaults with sharp objects, booted feet, baton sticks” and more.

Injured people streamed into a private hospital in the capital, Harare, on Thursday. Some had broken legs. A nurse attended to a man with a broken spine.

Albert Taurai told The Associated Press he had ventured out to look for bread when plainclothes officers wearing masks beat him up, accusing him of barricading roads.

Keith Frymore, a 21-year-old security guard, had a torn lip. He told the AP a group of uniformed soldiers attacked him at work.

“I need $70 to get help here. I don’t have that kind of money,” he said.

Other hungry Harare residents who ventured out seeking food have reported being tear-gassed by police. Soldiers were still controlling long fuel lines in the capital on Friday, and many wary residents stayed at home.

Zimbabweans had briefly rejoiced when Mnangagwa succeeded Mugabe, who was forced out in late 2017, thinking the new president would deliver on his refrain that the country “is open for business.” But frustration has risen over the lack of improvement in the collapsed economy, which doesn’t even have a currency of its own.

The internet shutdown cuts off crucial access to the mobile money that Zimbabwe’s government uses to pay teachers and other public workers. Some said they can no longer afford fares for public transport, and some shops have run out of basics such as bread.

Death tolls in this week’s unrest have varied. Eight people were killed when police and military fired on crowds, Amnesty International said. Zimbabwe’s government said three people were killed, including a policeman stoned to death by an angry crowd.

The demonstrations amount to “terrorism,” Information Minister Monica Mutsvangwa said, blaming the opposition. State Security Minister Owen Ncube thanked security forces for “standing firm.”

But among those arrested are several ruling ZANU-PF party community leaders as well as a soldier and a police officer.

The UK’s minister for Africa, Harriett Baldwin, has summoned Zimbabwe’s ambassador to discuss “disturbing reports of use of live ammunition, intimidation and excessive force” against protesters.

The European Union in a statement late Thursday noted the “disproportionate use of force by security personnel” and urged that internet service be restored.

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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
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
June 3,2020

Washington, Jun 3: US President Donald Trump's administration on Tuesday announced investigations into foreign digital services taxes it says are aimed squarely at American tech firms.

Following a similar trade investigation against France last year, the US Trade Representative office now is looking into taxes in Britain and the European Union, as well as Indonesia, Turkey and India.

"President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies," USTR Robert Lighthizer said in a statement.

"We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination."

Washington opposes the efforts to tax revenues from online sales and advertising, saying they single out US tech giants like Google, Apple, Facebook, Amazon and Netflix.

The US and France have agreed to negotiate till the end of the year over a digital services tax Paris approved in 2019, after USTR found them to be discriminating and threatened retaliatory duties of up to 100 percent on French imports such as champagne and camembert cheese.

Trump has embroiled the US in numerous trade disputes since taking office in 2017, including a months-long trade war with China that cooled with the signing of a partial deal in January.

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