‘9 suicide bombers, including woman carried out Sri Lanka terror attacks’

Agencies
April 25, 2019

Colombo, Apr 25: Nine suicide bombers, including a woman, were involved in the massive Easter Sunday bombings and 60 people have been arrested so far for their suspected links to Sri Lanka's worst terror attack that killed at least 359 people, a top police officer said Wednesday.

Suicide bombers, believed to be members of local Islamist extremist group, carried out a series of devastating blasts that tore through churches and luxury hotels in Sri Lanka on Sunday.

The state minister of defence Ruwan Wijewardena said the multiple bomb attacks were carried out not by the National Tawheed Jamath (NTJ) but by its splinter group.

Sri Lanka's government had earlier blamed the blasts on the NTJ.

Wijewardena told reporters that the members of the group had differences and the final attack was carried out by a group that left the main NTJ.

The Islamic State terror group has claimed the attack, although it did not provide direct evidence of its involvement.

Wijewardena said there was no evidence at present whether the splinter group had any foreign connections. Out of the nine suicide bombers, eight have been identified by the Criminal Investigation Department (CID), Police Spokesman Ruwan Gunasekara said.

The ninth bomber was confirmed as the wife of one of the suicide bombers, he said.

He said the death toll has jumped to 359 on Wednesday, up from a previous count of 321 people. Nearly 500 people have been injured in the attack.

Ten Indian nationals have been confirmed dead.

Sixty people have been arrested for possible links to the multiple attacks carried out on Easter Sunday. Of them, 32 are in custody with the CID. All of those arrested are of Sri Lankan nationality, Gunasekara said.

State defense minister Wijewardene said the majority of Sunday's suicide bombers were from well-heeled families. They were also well-educated, including at least university graduate who had studied abroad.

"Most of them are well-educated, and come from maybe middle- or upper-middle-class. So they are financially quite independent and their families are quite stable financially," he said.

Wijewardene said, "We believe that one of the suicide bombers studied in the UK and maybe later on did his post-graduate in Australia, before coming back to settle in Sri Lanka."

The number of foreign nationals who have been identified as killed is 34. Additionally, 14 foreign nationals are unaccounted for at present, and could be among the unidentified victims at the Colombo Judicial Medical Officer's mortuary, officials said.

Sixteen foreign nationals injured in the attacks are receiving treatment at the Colombo National Hospital and private hospitals in Colombo while others have been treated and discharged.

An attack on a fourth hotel on Sunday was foiled, Prime Minister Ranil Wickremesinghe said on Tuesday. He also warned that more militants and explosives could still be "out there" following the attack.

The country remains tense with police still looking for suspects and possible further explosives.

But Wickremesinghe said the attacks "could not have been done just locally".

"There had been training given and a coordination which we are not seeing earlier," he said.

A state of emergency remains in effect to prevent further attacks. The emergency powers allow the security forces to crackdown in law and order breaches by sudden searches of property, arrests and detention of people indefinitely.

Speaking in parliament the former commander of the Army, Field Martial Sarath Fonseka said removing the police chief Pujith Jayasundera was not answer to the security lapse which had led to the attacks. The government had demanded Jayasundera's resignation.

President Maithripala Sirisena in an address to the nation on Tuesday said that he would effect a shuffle in the security establishment within 24 hours. It was expected that he would call for the resignation of Jayasundera.

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News Network
May 19,2020

Washington, May 19: As the scientists across the world are struggling to develop a vaccine for combating coronavirus, US drugmaker Moderna announced on Monday (local time) that the phase I trial of its Covid-19 vaccine has shown positive early results.

The company is hopeful that it's vaccine could be available to the public as early as January next year. Several firms across the world are in the race to develop a vaccine for the deadly virus which has claimed over 3 lakh lives worldwide.

CNN citing Dr. Tal Zaks, Moderna's chief medical officer reported that "if future studies go well, the company's vaccine could be available to the public as early as January".

"This is absolutely good news and news that we think many have been waiting for for quite some time," Zaks was quoted as saying.

Moderna, based in Cambridge, Massachusetts announced that the vaccine developed neutralising antibodies to the virus at levels reaching or exceeding the levels seen in people who have naturally recovered from Covid-19, reported CNN.

These will be followed by phase 2 trials and phase 3 trials, which Moderna plans to start in July.

President Donald Trump had on Friday said that that the United States will be able to deliver a few hundred million doses of COVID-19 vaccine, under 'Operation Warp Speed', by the end of this year.

"I have very recently seen early data from a clinical trial with a coronavirus vaccine and this data made me feel even more confident that we'll be able to deliver a few hundred million doses of vaccine by the end of 2020 and we will do the best we can," Trump had said at a press conference at the White House on Friday.

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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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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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