Donald Trump boasts and gets laughed at by the world at UNGA

Agencies
September 26, 2018

United States, Sep 26: President Donald Trump on Tuesday urged heavy pressure both on Iran and Washington's trading partners as he offered a robust defense of the US right to go it alone.

With midterm elections in the United States little more than a month away, Trump's address at times took on the feel of a campaign address as he heralded low unemployment.

Boasting that his team "has achieved more than any administration in the history of our country," Trump was met with laughter, highly unusual in the solemn General Assembly.

"I didn't expect that reaction, but that's okay," Trump responded.

Addressing world leaders at the start of the annual United Nations General Assembly, Trump lashed out at the OPEC oil cartel, China's trade policies and the International Criminal Court which he vowed the United States would never accept.

Hours before Iranian President Hassan Rouhani takes the same rostrum, Trump denounced the clerical regime as sowing "chaos, death and destruction" and doubled down on the US withdrawal of an international agreement on curbing Tehran's nuclear program.

But the real estate mogul turned populist leader was comparatively subdued a year after he stunned the global body with his bellicose language on North Korea, including a threat to "totally destroy" Kim Jong Un's state.

This time around, Trump heralded his own diplomacy on North Korea including a historic summit in June with Kim, saying he has worked to "replace the specter of conflict with a bold and new push for peace."

Iran is a major focus of the annual week of UN diplomacy, months after Trump irritated US allies in Europe by withdrawing from a 2015 agreement under which Tehran has sharply curtailed its nuclear program in return for sanctions relief.

A day after the European Union announced a new legal framework in hopes that companies can keep doing business with Iran and evade incoming US sanctions, Trump demanded that all countries take aim at Tehran -- and noted that his decision has been popular among the Shiite-majority nation's Sunni Arab rivals.

"We cannot allow the world's leading sponsor of terrorism to possess the planet's most dangerous weapons," Trump said, in an allusion to Tehran's support for Islamic militant movements such as Hamas and Hezbollah.

"We cannot allow a regime that chants 'Death to America' and that threatens Israel with annihilation, to possess the means to deliver a nuclear warhead to any city on Earth," he said.

"We ask all nations to isolate Iran's regime as long as its aggression continues.
 
Trump robustly attacked the "globalist" view of the world -- shared by many at the United Nations and on the political left in the United States -- and vowed: "America will never apologize for protecting its citizens."

He said that the UN-backed International Criminal Court has "no jurisdiction, no legitimacy and no authority."

His national security adviser John Bolton earlier went so far as to threaten to prosecute judges from the court in The Hague if they take up accusations against US forces in Afghanistan.

"We will never surrender America's sovereignty to an unelected, unaccountable global bureaucracy. America is governed by Americans," Trump said.

Amid a growing trade war with China, Trump said that the commercial imbalance with the Asian power "cannot be tolerated" and reserved harsh words for OPEC, the global oil cartel that includes both US allies and foes.

"OPEC and OPEC nations are, as usual, ripping off the rest of the world, and I don't like it. Nobody should like it."

 

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News Network
April 6,2020

New Delhi, April 6: The United States has donated $2.9 million assistance package for India to help the Narendra Modi government brace itself against the coronavirus as countries across the world are coming together to combat the outbreak.

On March 28, the US government, via US Agency for International Development, announced $2.9 million to support India in its response to COVID-19.

"It builds on a foundation of over $1.4 billion in health assistance and nearly $3 billion in total assistance that the US provided to India over the last 20 years," the US Embassy in India said in a statement.

"These new funds will support two organisations, including $2.4 million for USAID's health strengthening project, implemented by Jhpiego, an international non-profit health organisation affiliated with Johns Hopkins University and $500,000 for the World Health Organization (WHO)," the statement said.

The funds will also help India combat the spread of COVID-19, provide care for the affected and support local communities with the tools needed to contain the disease, it added.

Moreover, being a global leader in health and humanitarian response to COVID-19, the US has provided approximately $18.3 million assistance package to ASEAN member countries to fight the contagion.

The funds will be used to prepare laboratories for large-scale testing for the lethal virus, infection prevention and control, enable risk communication, implement public-health emergency plans for border points of entry, activate case-finding and event-based surveillance for influenza-like illnesses, train and equip rapid-responders in investigation and contact-tracing and update training materials for health workers.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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News Network
July 5,2020

Washington, Jul 5: US President Donald Trump on Saturday thanked Prime Minister Narendra Modi for his wishes on America's 244th Independence Day.

On Saturday, PM Modi tweeted: "I congratulate @POTUS @realDonaldTrump and the people of the USA on the 244th Independence Day of the USA. As the world's largest democracies, we cherish freedom and human enterprise that this day celebrates. @WhiteHouse"

While replying to PM Modi's wishes, Mr Trump tweeted: "Thank you my friend. America loves India!"

The US President also attended the July 4 American Independence Day celebrations in South Dakota.

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