At least 86 dead in attack on Ankara peace rally

October 10, 2015

Ankara, Oct 10: At least 86 people were killed today when two explosions ripped through groups of leftist and pro- Kurdish activists gathering for an anti-government peace rally in the Turkish capital Ankara.Ankara blast

The attack, near Ankara's main train station, was the deadliest in the city's history and has ratcheted up tensions ahead of Turkey's November 1 snap elections, which were already riding high amid the government's offensive on Kurdish militants.

Bodies of the slain activists were seen strewn across the ground after the blasts, with the banners they had been holding lying next to them for the "Work, Peace and Democracy" rally.

Sixty-two people died at the scene of the blasts and 24 more then succumbed to their wounds in hospital, Health Minister Mehmet Muezzinoglu told reporters in Ankara. He said another 186 people had been injured in the attack.

Turkey's President Recep Tayyip Erdogan denounced the "heinous attack", saying it was aimed at "our unity and our country's peace." A Turkish government official told AFP that the authorities "suspect that there is a terrorist connection," without giving further details. Reports said they were investigating if a suicide bomber was involved.

There were scenes of chaos after the blasts, as ambulances raced to get to the wounded and police cordoned off the area around the train station. "We heard one huge blast and then one smaller explosion and then there was a great movement and panic. Then we saw corpses around the station," said Ahmet Onen, 52.

"A demonstration that was to promote peace has turned into a massacre, I don't understand this," he said, sobbing. Turkish police fired in the air to disperse demonstrators angered by the deaths of their fellow activists from the scene, an AFP correspondent reported.

Amateur footage broadcast by NTV television showed smiling activists holding hands and dancing and then suddenly falling to the ground as a huge explosion went off behind them.

Initial reports spoke of a single explosion but Turkish media said later there had been two separate blasts in short sequence. Reports said that hundreds of people in Ankara had rushed to hospital to donate blood for the victims.

With international concern growing over instability in the key NATO member, EU foreign policy chief Federica Mogherini urged Turkey to "stand united against terrorists."

French President Francois Hollande condemned the "odious terrorist attack" while Russian President Vladimir Putin passed his condolences to Erdogan. Turkish Prime Minister Ahmet Davutoglu was hosting a meeting of top officials, including powerful spy chief Hakan Fidan, in the early afternoon to discuss the attack.

The pro-Kurdish Peoples' Democratic Party (HDP) was to have been one of several groups that was to have taken part in the pro-peace protest. "We are faced with a huge massacre. A barbaric attack has been committed," said the HDP's leader Selahattin Demirtas.

He blamed a "mafia state" and a "state mentality which acts like a serial killer" for the attack. The attack comes with Turkey on edge ahead of November 1 polls and a wave of unrest over the past few months.

An attack in the predominantly Kurdish town of Suruc on July 20 targeting pro-HDP activists and blamed on Islamic State (IS) jihadists killed 32 people and wounded a hundred others.

The militant Kurdistan Workers' Party (PKK) accused Ankara of collaborating with IS and resumed attacks on the Turkish security forces after observing a two-year ceasefire.

Over 140 members of the security forces have since been killed while Ankara claims to have killed over 1,700 Kurdish militants in weeks of bombardments of PKK targets in southeast Turkey and northern Iraq. With conspicuous timing, the PKK Saturday announced it would suspend all attacks -- except in self defence -- ahead of the polls.

"Heeding calls from Turkey and abroad, our movement has decided on a state of inactivity by our guerillas, unless our people and our guerilla forces are attacked," Kurdistan Communities Union (KCK), an umbrella movement that includes the PKK, said in a statement.

The HDP performed strongly in the last election on June 7, winning 80 seats in parliament to deprive Erdogan's ruling Justice and Development Party (AKP) of an outright majority for the first time since it came to power in 2002.

The AKP then failed to form a coalition in months of talks, prompting Erdogan -- who had been hoping for a large majority to push through reforms to boost his powers -- to call another election on November 1. The office of Davutoglu said that he had cancelled election campaigning for the next three days.

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Agencies
April 20,2020

Hong Kong, Apr 20: Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States.

US crude benchmark West Texas Intermediate briefly plunged almost 20 percent to below 15 -- its lowest since 1999 -- as stockpiles continue to build owing to a crash in demand caused by the COVID-19 pandemic.

Analysts said this month's agreement between top producers to slash output by 10 million barrels a day was having little impact on the oil crisis because of lockdowns and travel restrictions that are keeping billions of people at home.

WTI was hit particularly hard as its main US storage facilities in Cushing, Oklahoma, were filling up.

ANZ said "crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment".

"Despite the OPEC+ alliance agreeing to an unprecedented cut in output, the physical market is awash with oil," it said, referring to the Organization of the Petroleum Exporting Countries and non-OPEC partners.

And AxiCorp's Stephen Innes added: "It's a dump at all cost as no one... wants delivery of oil, with Cushing storage facilities filling by the minute.

"It hasn't taken long for the market to recognise that the OPEC+ deal will not, in its present form, be enough to balance oil markets." Stock traders were in slightly more buoyant mood as governments start to consider how and when to ease lockdowns that have crippled the global economy.

Italy, Spain, France and Britain reported drops in daily death tolls and slowing infection rates.

"We are scoring points against the epidemic," said Prime Minister Edouard Philippe, while insisting "we are not out of the health crisis yet".

Meanwhile, in the US, Andrew Cuomo, governor of badly hit New York state, said the disease was "on the descent", though he cautioned it was "no time to get cocky".

Mounting evidence suggests that the lockdowns and social distancing are slowing the spread of the virus.

That has intensified planning in many countries to begin loosening curbs on movement and easing the crushing pressure on national economies.

Adding to the sense of hope was a report indicating promising research on a drug to treat coronavirus.

Hong Kong, Shanghai and Seoul were each up 0.1 percent, while Wellington added 0.4 percent.

However, Tokyo went into the break 0.9 percent lower, while Sydney and Manila dropped one percent apiece. There were also losses in Taipei, Singapore and Jakarta.

"The longer investors have to contemplate future economic issues while they wait for more countries to be on the downward slope of the pandemic curve, the more scope there is of risk assets pricing in a difficult future," Chris Iggo, of AXA Investment Managers UK, said.

Investors are keeping an eye on Washington, where Congress and the White House are working towards a 450 billion economic relief plan for small business to add to the trillions already pledged to support the economy.

Big-name companies including IBM, Netflix and Coca-Cola are due to deliver their earnings reports.

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Agencies
May 30,2020

Washington, May 30: US President Donald Trump on Friday said that America is terminating its relationship with the World Health Organization as he blamed it and China for the deaths and destruction caused by the COVID-19 pandemic across the globe.

Stating that the funding of the WHO would now be diverted to other global public health organisations, Trump announced a series of decisions against China including issuing proclamation to deny entry to certain Chinese nationals and tightening of regulations against Chinese investments in America.

"Because they (WHO) have failed to make the requested and greatly needed reforms, we will be today terminating our relationship with the World Health Organization and redirecting those funds to other worldwide and deserving urgent global public health needs, Trump said.

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News Network
May 19,2020

May 18: Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.

Two-thirds of the 347 respondents to the survey - carried out in response to the outbreak - put a lengthy contraction in the global economy top of their list of concerns for the next 18 months.

Half of risk managers expected bankruptcies and industry consolidation, the failure of industries to recover and high levels of unemployment, particularly among the young.

“The crisis has devastated lives and livelihoods. It has triggered an economic crisis with far-reaching implications and revealed the inadequacies of the past," said Saadia Zahidi, managing director of the World Economic Forum.

Environmental goals risk being discarded as a result of the pandemic, the report said, but governments should try to carve out a "green recovery".

"We now have a unique opportunity to use this crisis to do things differently and build back better economies that are more sustainable, resilient and inclusive," Zahidi said.

The report was compiled by the World Economic Forum’s Global Risks Advisory Board together with Marsh & McLennan Companies Inc and Zurich Insurance Group.

Risk managers were surveyed between April 1 and 13.

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