ISIS claims British parliament attack; 8 arrested in UK raids

executive@coastaldigest.com (Agencies)
March 23, 2017

London, Mar 23: Eight people were arrested in raids across London and Birmingham today after a terror attack on the UK Parliament in the heart of Westminster killed four people, including the ISIS attacker who was inspired by "Islamist ideology" and known to British secret services.

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"We are not afraid...An act of terrorism tried to silence our democracy, but today we meet as normal," Prime Minister Theresa May told the packed House of Commons which reopened today with a minute's silence a day after the attack.

"What I can confirm is that the man was British born and that – some years ago – he was once investigated in relation to concerns about violent extremism. He was a peripheral figure," she told sombre-looking lawmakers.

Three people were killed and 40 injured when the attacker mowed down pedestrians on a bridge and stabbed to death a police officer outside parliament complex before being shot dead by Scotland Yard officers yesterday.

"It is still believed that this attacker acted alone, and the police have no reason to believe there are imminent further attacks on the public. His identity is known to the police and MI5, and when operational considerations allow, he will be publicly identified. Our working assumption is that the attacker was inspired by Islamist ideology," May said.

Meanwhile, the ISIS on its propaganda news agency 'Amaq' claimed responsibility, saying a "Soldier of the Caliphate" carried out the attack on the British Parliament.

"The operation was carried out in response to calls to target coalition countries," it said in a statement.

The Prime Minister confirmed that eight people have been arrested during raids across London and Birmingham following the attack on the Palace of Westminster in London, which houses Britain's Parliament and the iconic Big Ben.

In her message to the police, British Queen Elizabeth II said, "My thoughts, prayers and deepest sympathy are with all those who have been affected by yesterday's awful violence."

May said the threat level to the UK has been set at 'severe' – meaning an attack is highly likely – for some time. This is the second highest threat level. The highest level 'critical' means there is specific intelligence that an attack is imminent.

"As there is no such intelligence, the independent Joint Terrorism Analysis Centre has decided that the threat level will not change in the light of yesterday's attack," she said.

Giving details known about the attack, May said a single attacker drove his vehicle at speed into innocent pedestrians who were crossing Westminster Bridge, killing two people and injuring around 40 more, of which 29 were hospitalised.

The attacker then left the vehicle and approached a police officer at Carriage Gates of Parliament, attacking him with a large knife, before he was shot dead by an officer.

In addition to 12 Britons admitted to hospital, the injured include three French children, two Romanians, four South Koreans, one German, one Pole, one Irish, one Chinese, one Italian, one American and two Greeks.

"There was no prior intelligence of attacker's intent – or of the plot. Intensive investigations continue," May said.

She also paid tribute to the security services and the police officer who lost his life in the attack.

"Yesterday we saw the worst of humanity, but we will remember the best. We will remember the extraordinary efforts to save the life of Police Constable Keith Palmer. He was every inch a hero," she said.

Scotland Yard Acting Deputy Commissioner and Head of Counter Terrorism Mark Rowley said the investigation was at a critical stage and the identity of the attacker was not being released as the ongoing investigation tries to piece together the suspect's "motivations, his preparation and associates".

He urged the public to use their instincts and report anything suspicious, saying the Met Police will be working round the clock and all annual leave has been cancelled.

"We must not allow terrorists to create discord, distrust and fear. The police stand with all communities," Rowley said.

Overnight, West Midland Police officers stormed a second-floor flat in the city believed to be the residence of the knife-wielding attacker and led away people in handcuffs.

It has also emerged that the car used in the attack was reportedly hired from Solihull area of Birmingham.

The flag at New Scotland Yard premises in London is flying at half-mast following the attack, which claimed the life of one of their officers who was on guard at Parliament.

Mayor of London Sadiq Khan today invited all Londoners and visitors to the capital to a candlelit vigil in Trafalgar Square to show solidarity with the victims of theattack.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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News Network
May 11,2020

Kabul, May 11: Four back-to-back roadside bombs exploded in a northern district of Afghanistan's capital Kabul on Monday, wounding four civilians including a child, police said. Kabul police spokesman Ferdaws Faramarz said a clearance team was at the site of the attacks.

Militants have carried out several roadside bombings and rocket attacks in Kabul and other parts of the country in recent weeks, but Monday's four consecutive explosions appeared to be the first coordinated effort for some months.

The Taliban has not carried out any large attacks in the city since they signed a landmark withdrawal deal with the US in February, meant to pave the way for peace in the country. No group has claimed the attacks. The explosions come as authorities are trying to impose a lockdown in the capital to curb the spread of coronavirus in the country.

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News Network
May 21,2020

Canberra, May 21: Australian Prime Minister Scott Morrison and his Indian counterpart, Narendra Modi, are looking forward to deepening the countries' strategic relationship, with both sides expected to sign a range of pacts from defence to trade in strategic sectors amid heightened tensions with China over Beijing's response to coronavirus pandemic.

During a virtual summit, scheduled to take place on June 4, both leaders are expected to ramp up efforts to diversify Australia's export markets and find trusted suppliers of vital products and components, a local newspaper, The Australian reported on Tuesday.

The new agreements will focus on reliable supply chains in key strategic sectors, including medical goods, technology and critical minerals, amid heightened tensions with China over Beijing's response to coronavirus pandemic.

The leaders will seal a new defence agreement allowing reciprocal access to bases and co-operation on military technology projects, while a new education partnership will be on the table to help overcome Australian university reliance on Chinese students.

The talks in terms of strategic convergence, now have greater significance as COVID-19 exacerbates the strategic contest between the US and China, and forces like-minded countries to seek out reliable partners.

Australian farmers could also benefit, with talks underway on expanding agricultural exports to India, including barley, as China throws up new trade barriers, media reports stated.

The virtual summit follows the cancellation of Morrison's planned state visit to India in January due to the bushfires.

Morrison said last year, ahead of his planned visit, that India was "a natural partner for Australia", referring to the countries' "shared values" -- a point of differentiation with China.

Former Department of Foreign Affairs and Trade secretary Peter Varghese, who wrote a landmark report on the bilateral relationship in 2018, was quoted by the newspaper as saying that India would be even more important to Australia in the post-COVID world. "If one of the lessons from COVID is that countries need to spread their risk, then finding new markets or building up existing markets is a crucial part of that," he added.

Varghese noted that India, a member of the Quadrilateral Security Dialogue along with Australia, Japan and the US, was a vital strategic partner to Australia in helping "constrain China's ambitions to be the predominant power".

"That shared objective between Australia and India of not wanting to see the region dominated by China is a key component of building up our geopolitical relationship," he told The Australian.

The summit also follows recent talks between Australian Foreign Minister Marise Payne and Indian counterpart Subrahmanyam Jaishankar on the pandemic response and Australia's call for an independent inquiry, which was overwhelmingly backed at the World Health Assembly on Tuesday.

Australia wants to support India to develop a domestic critical minerals processing industry, which would provide Western nations with an alternative to sourcing the materials from China.

Meanwhile, India has strong expertise as a manufacturer of drugs and medical equipment, while Australia is a centre of biomedical research, opening the possibility for closer co-operation in the key sector, the media reported further.

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