Egypt launches air raids on Libya after Christians killed

May 27, 2017

Minya, May 27: Egyptian fighter jets carried out strikes on Friday directed at camps in Libya which Cairo says have been training militants who killed dozens of Christians earlier in the day.

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President Abdel Fattah El-Sisi said he had ordered strikes against what he called terrorist camps, declaring in a televised address that states that sponsored terrorism would be punished.

Egyptian military sources said six strikes took place near Derna in eastern Libya at around sundown, hours after masked gunmen attacked a group of Coptic Christians traveling to a monastery in southern Egypt, killing 29 and wounding 24.

The Egyptian military said the operation was ongoing and had been undertaken once it had been ascertained that the camps had produced the gunmen behind the attack on the Coptic Christians in Minya, southern Egypt, on Friday morning.

“The terrorist incident that took place today will not pass unnoticed,” Sissi said. “We are currently targeting the camps where the terrorists are trained.”

He said Egypt would not hesitate to carry out further strikes against camps that trained people to carry out operations against Egypt, whether those camps were inside or outside the country.

Egyptian military footage of pilots being briefed and war planes taking off was shown on state television.

East Libyan forces said they participated in the air strikes, which had targeted forces linked to Al-Qaeda at a number of sites, and would be followed by a ground operation.

A resident in Derna heard four powerful explosions, and told Reuters that the strikes had targeted camps used by fighters belonging to the Majlis Al-Shoura militant group.

Majlis Al-Shoura spokesman Mohamed Al-Mansouri said in a video posted online that the Egyptian air strikes did not hit any of the group's camps, but instead hit civilian areas.

There was no immediate claim of responsibility for the attack on the Christians, which followed a series of church bombings claimed by Daesh in a campaign of violence against the Copts.

Daesh supporters reposted videos from earlier this year urging violence against the Copts in Egypt.

At a nearby village, thousands later attended a funeral service that turned into an angry protest against the authorities' failure to protect Christians.

“We will avenge them or die like them,” mourners said, while marching with a giant wooden cross.

Gunfire and Blood

Eyewitnesses said masked men opened fire after stopping the Christians, who were in a bus and other vehicles on a desert road. Local TV channels showed a bus apparently raked by gunfire and smeared with blood.

Clothes and shoes could be seen lying in and around the bus, while the bodies of some of the victims lay in the sand nearby, covered with black sheets.

Eyewitnesses said three vehicles were attacked. First to be hit was a vehicle taking children to the monastery as part of a church-organized trip, and another vehicle taking families there.

The gunmen boarded the vehicles and shot all the men and took all the women's gold jewelry. They then shot women and children in the legs.

When one of the gunmen's vehicles got a flat tire they stopped a truck carrying Christian workers, shot them, and took the truck.

One of the gunmen recorded the attack on the Copts with a video camera, eyewitnesses said.

The attack took place on a road leading to the monastery of Saint Samuel the Confessor in Minya province, which is home to a sizeable Christian minority.

Security forces launched a hunt for the attackers, setting up dozens of checkpoints and patrols on the desert road.

Police armed with assault rifles formed a security perimeter around the attack site while officials from the public prosecutor's office gathered evidence. Heavily armed special forces arrived later wearing face masks and body armor.

The injured were taken to local hospitals and some were being transported to Cairo. The Health Ministry said that among those injured were two children aged two.

US President Donald Trump, who has made a point of improving relations with Cairo, said his country stood with Sissi and the Egyptian people.

“This merciless slaughter of Christians in Egypt tears at our hearts and grieves our souls,” Trump said.

The Grand Imam of Al-Azhar, Egypt's 1,000-year-old center of Islamic learning, said the attack was intended to destabilize the country.

“I call on Egyptians to unite in the face of this brutal terrorism,” Ahmed Al-Tayeb said. The Grand Mufti of Egypt, Shawki Allam, condemned the perpetrators as traitors.

The head of the Coptic Christian church, Pope Tawadros, who spoke with Sissi after the attack, said it was “not directed at the Copts, but at Egypt and the heart of the Egyptians.”

Pope Francis, who visited Cairo a month ago, described the attack as a “senseless act of hatred.”

Ongoing Persecution

Coptic Christians, whose church dates back nearly 2,000 years, make up about 10 percent of Egypt's population of 92 million.

They say they have long suffered from persecution, but in recent months the frequency of deadly attacks against them has increased. About 70 have been killed since December in bombings claimed by Daesh at churches in the cities of Cairo, Alexandria and Tanta.

A Daesh campaign of murders in North Sinai prompted hundreds of Christians to flee in February and March.

Copts fear they will face the same fate as brethren in Iraq and Syria, where Christian communities have been decimated by wars and Daesh persecution.

Egypt's Copts are vocal supporters of Sissi, who has vowed to crush extremism and protect Christians. He declared a three-month state of emergency in the aftermath of the church bombings in April.

But many Christians feel the state either does not take their plight seriously enough or cannot protect them against determined fanatics.

The government is fighting insurgents affiliated with Daesh who have killed hundreds of police and soldiers in the Sinai Peninsula, while also carrying out attacks elsewhere in the country.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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News Network
July 17,2020

Jul 17: US President Donald Trump has said that he wants to do everything possible to keep peace for the people of India and China, according to his spokesperson

Over the past several weeks, the Trump administration has come out in support of India against China.

“He (Trump) said I love the people of India and I love the people of China and I want to do everything possible to keep the peace for the people,” White House Press Secretary Kayleigh McEnany told reporters at a news conference here on Thursday.

She was responding to a question on Trump’s message to India, which recently had a standoff with China in eastern Ladakh along the Line of Actual Control.

Earlier in the day, White House Economic Advisor Larry Kudlow described India as a great ally, saying President Trump is a great friend of Prime Minister Narendra Modi.

On Wednesday, Secretary of State Mike Pompeo said that India has been a great partner of the US.

“India has been a great partner… They are an important partner of ours. I have a great relationship with my foreign minister counterpart. We talked frequently about a broad range of issues. We talked about the conflict they had along the border with China. We've talked about the risk that emanates from the Chinese telecommunication infrastructure there,” Pompeo told reporters in response to a question.

Travelling in Europe, US National Security Advisor Robert O’Brien told reporters that China has been very aggressive with India.

O’Brien said that India is a democracy and is a great friend of the United States. Prime Minister “Modi and President Trump have a super relationship,” he said.

“In fact, it was the last foreign trip that I took with the president before the COVID-19 crisis hit, was to India, and we had a great reception of the Indian people there. We have a lot in common with them, we speak English, we're democracies. We've got a growing, very strong relationship with India,” O’Brien said.

Welcoming the White House statement, Al Mason, co-chair of the Trump Victory Indian American Finance Committee, said that unlike his predecessor, President Trump has come out openly in support of India.

“Most of the Indian-Americans have observed that every earlier president - be it a Democrat or Republican, like Clinton or Bush Senior or Bush Jr or Obama have been very scared to side with India openly, for fear of hurting China.

“Only President Trump has had the courage to say that… I love India, America respects India… US stands with India - and that also, to over one billion Indians in India at the Namaste Trump rally held in India… and that too… near India’s neighbour China,” Mason said in a statement.

“And he is consistent in his love for India and Indian-Americans,” he added.

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News Network
January 30,2020

Jan 30: The death toll rose to 170 in the new virus outbreak in China on Thursday as foreign evacuees from the worst-hit region begin returning home under close observation and world health officials expressed “great concern” that the disease is starting to spread between people outside of China.

Thursday’s figures cover the previous 24 hours and represent an increase of 38 deaths and 1,737 cases for a total of 7,711. Of the new deaths, 37 were in the epicenter of the outbreak in Hubei province and one in the southwestern province of Sichuan.

The news comes as the 195 Americans evacuated from Wuhan, the Hubei province city of 11 million where the outbreak originated, are undergoing three days of testing and monitoring at a Southern California military base to make sure they do not show signs of the virus.

A group of 210 Japanese evacuees from Wuhan landed Thursday at Tokyo’s Haneda airport on a second government chartered flight, according to the foreign ministry. Reports said nine of those aboard the flight showed signs of cough and fever. Three of the 206 Japanese who returned on Wednesday tested positive for the new coronavirus, Prime Minister Shinzo Abe said during a parliamentary session. Two of them showed no symptoms of the disease.

France, New Zealand, Australia and other countries are also pulling out their citizens or making plans to do so.

The World Health Organization emergencies chief said the few cases of human-to-human spread of the virus outside China — in Japan, Germany, Canada and Vietnam — were of “great concern” and were part of the reason the U.N. health agency’s director-general was reconvening a committee of experts on Thursday to assess whether the outbreak should be declared a global emergency.

The new virus has now infected more people in China than were sickened there during the 2002-2003 SARS outbreak.

Dr. Michael Ryan spoke at a news conference in Geneva on Wednesday after returning from a trip to Beijing to meet with Chinese President Xi Jinping and other senior government leaders. He said China was taking “extraordinary measures in the face of an extraordinary challenge” posed by the outbreak.

To date, about 99% of the cases are in China. Ryan estimated the death rate of the new virus at 2%, but said the figure was very preliminary. With fluctuating numbers of cases and deaths, scientists are only able to produce a rough estimate of the fatality rate and it’s likely many milder cases of the virus are being missed.

In comparison, the SARS virus killed about 10% of people who caught it. The new virus is from the coronavirus family, which includes those that can cause the common cold as well as more serious illnesses such as SARS and MERS.

Scientists say there are many questions to be answered about the new virus, including just how easily it spreads and how severe it is.

In a report published Wednesday, Chinese researchers suggested that person-to-person spread among close contacts occurred as early as mid-December.

“Considerable efforts” will be needed to control the spread if this ratio holds up elsewhere, researchers wrote in the report, published in the New England Journal of Medicine.

More than half of the cases in which symptoms began before Jan. 1 were tied to a seafood market, but only 8% of cases after that have been, researchers found. They reported the average incubation period was five days.

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