Pak should shut down Deobandi schools: US Congressman

March 3, 2017

Washington, Mar 3: Pakistan needs to be serious about closing down 600 Deobandi madrassas in the country, an influential US lawmaker has said, underlining that there is a prevailing sentiment in the Congress and Trump administration that such schools are breeding ground for terrorists.

Deoband

"I think, the sentiments are Pakistan needs to be serious about closing down the Deobandi schools, there are about 600 of them as they churn out people who do not know what to do except to really either argue for or carry out jihad," Congressman Ed Royce said at an event hosted by Vivekananda International Foundation, a New Delhi-based think-tank, at the US Capitol on Thursday.

"Pakistan needs to crackdown on groups like the LeT, close down those campuses as well. Pakistan needs to understand that if they are not going to bring perpetrators of the terrorist attacks to justice, they should turn them over to The Hague so that they can be tried in international tribunals and justice can be served," said the Chairman of powerful House Foreign Relations Committee.

A founding member of the Congressional Caucus on India and Indian-Americans, Royce said the Congress and the new Administration is focused on some new issues.

"One is that concept of USD 500 billion in trade between India and the US. That is where we are trying to push the policies...So we need an effective bilateral trade agreement treaty with India. We are pushing to liberalise trade further," Royce said.

"At the same time, we are delighted that among the Indian-American population that we have in the United States, one half of them have post graduate degrees. When we think about what that pertains...we know that there is a very bright future for Indian-Americans," he said.

India and the US, he said, should form their policies on the "core values of rule of law, democracy, freedom of expression and freedom of believe".

"We do not always hit the mark in the US. Those are our goals. India does not always hit the mark. But those are India's goals," he said.

India, he said, is now the ninth largest trading partner of the US.

The counter-terrorism co-operation has also increased over the past several years and the defence ties has strengthened in the last one decade, he said.

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News Network
April 22,2020

London, Apr 22: The toll from coronavirus in the United Kingdom has jumped above 18,000 after 759 more deaths were reported in the last 24 hours, the Department of Health and Social Care announced in a statistical bulletin on Wednesday.

In total, 18,100 people have died in the UK hospitals after contracting COVID-19 as of 16:00 GMT on Tuesday.

A further 4,451 new cases of the disease were reported over the preceding 24 hours up to 08:00 GMT on Wednesday, the ministry said. The total number of cases reported since the start of the outbreak now stands at 1,33,495.

On Tuesday, the Office of National Statistics published a report stating that the coronavirus disease death toll as of April 10, when accounting for deaths in care homes and private residences, was 41 per cent higher than the government's figures.

In parliament on Wednesday, Health Secretary Matt Hancock stated that the United Kingdom has reached the peak of the COVID-19 outbreak, praising the social distancing measures enforced in the country.

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Agencies
March 6,2020

Up to 2,241 new cases of COVID-19 have been reported across the globe as of Thursday, bringing the total count to 95,333, according to the latest official data by the World Health Organization (WHO).

Five countries, territories and areas reported COVID-19 cases for the first time in the past 24 hours, the Xinhua news agency reported.

WHO Director-General Tedros Adhanom Ghebreyesus emphasised the importance of implementing a comprehensive approach to mitigate the impact of the virus in a briefing on Wednesday.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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