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
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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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
July 2,2020

Geneva, Jul 2: The World Health Organization (WHO) has estimated the overall number of coronavirus cases globally at 10,357,662, with 508,055 people having died from the disease.

The UN health agency said in the situation report published on late Wednesday that 163,939 new cases had been recorded in the past day, while further 4,188 patients had died.

Americas continue to lead the count with over 5.2 million cases, followed by Europe with more than 2.7 million.

The WHO declared the COVID-19 outbreak a pandemic on March 11.

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