Paris shooting: 1 cop killed, IS names attacker as Al-Belgiki

April 21, 2017

Paris, Apr 21: A French policeman was shot dead and two others were wounded in central Paris on Thursday night in an attack carried out days before presidential elections and quickly claimed by the Islamic State militant group.

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President Francois Hollande said he was convinced the "cowardly killing" on the Champs Elysees boulevard, in which the assailant was shot dead by police, was an act of terrorism.

The wide avenue that leads away from the Arc de Triomphe had been crowded with Parisians and tourists enjoying a spring evening, but police quickly cleared the area, which remained empty well into the night of all but heavily armed security forces and police vehicles.

Paris Prosecutor Francois Molins said the man had been identified, but investigators were still assessing if he had accomplices.

A police arrest warrant issued earlier on Thursday, which was seen by Reuters after the attack, warned of a dangerous individual who had come into France by train from Belgium on Thursday. It was unclear if that man was the attacker or linked to the shooting.

Officers searched the home of the dead attacker in a town east of Paris, a police source said.

"The sense of duty of our policemen tonight averted a massacre ... they prevented a bloodbath on the Champs Elysees," Interior Minister Matthias Fekl told reporters.

"A little after 9 PM a vehicle stopped alongside a police car which was parked. Immediately a man got out and fired on the police vehicle, mortally wounding a police officer," Interior Ministry spokesman Pierre-Henry Brandet said.

France has lived under a state of emergency since 2015 and has suffered a spate of Islamist militant attacks mostly perpetrated by young men who grew up in France and Belgium and that have killed more than 230 people in the past two years.

Witness Chelloug, a kitchen assistant, told Reuters he was walking out of a shop and saw a man get out of a car and open fire with a rifle on a policeman. "The policeman fell down. I heard six shots, I was afraid. I have a two year-old girl and I thought I was going to die... He shot straight at the police officer."

The Islamic State group, which is being driven out of its areas of territorial control in Iraq and Syria by Western-backed coalitions and has hundreds of French-speaking fighters, claimed responsibility for Thursday's shooting via its Amaq news agency, naming the attacker as Abu Yousif al-Belgiki.

The claim came quickly and the naming of the assailant suggested a degree of direct contact with Islamic State. The group also claimed responsibility for a car attack in London last month killing four, but gave no name or details.

Police sources said the man was known to intelligence services. French television networks reported that he was a 39-year-old French national known for previous violent crimes.

Police Clear the Area

Police authorities called on the public to avoid the area.

The Arc de Triomphe monument and the top half of the Champs Elysees were packed with police vans, lights flashing and heavily armed police shutting the area down after what was described by one journalist as a major exchange of fire.

The incident came as French voters prepared go to the polls on Sunday in the most tightly-contested presidential election in decades.

"We shall be of the utmost vigilance, especially in relation to the election," said President Hollande, who is not himself running for re-election.

Earlier this week, two men were arrested in Marseille who police said had been planning an attack ahead of the election.

A machine gun, two hand guns and three kilos of TATP explosive were among the weapons found at a flat in the southern city along with Islamic State propaganda materials, according to Molins.

That incident brought issues of security and immigration back to the forefront of the campaign, with the anti-immigration National Front leader Marine Le Pen repeating her call for Europe's partly open borders to be closed.

On Thursday, speaking after a television appearance, she said she was "deeply angry" as well as sad for the police victims "because not everything is done ... to protect our compatriots. They need more than our compassion."

Candidates in the election said they had been warned about the Marseille attackers. Francois Fillon, who is the conservative candidate, said he would cancel the campaign events he had been planning for Friday.

He also called for campaigning generally to be suspended, although from midnight on Friday the law says it has to stop anyway. Far left candidate Jean-Luc Melenchon said campaigning should continue. In November, 2015, Paris was rocked by near simultaneous gun-and-bomb attacks on entertainment sites, in which 130 people died and 368 were wounded. Islamic State claimed responsibility. Two of the 10 known perpetrators were Belgian citizens and three others were French.

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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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News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

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Agencies
July 29,2020

If everything goes as Russia’s expectation, it will be world’s first country to approve a coronavirus vaccine for widespread in the second week of August despite safety and efficacy concerns, according to a report. The adenoviral vector-based vaccine developed by Russian military and government researchers is currently in phase 2 trials.

According to a report from CNN, Russian officials are hoping to get approval for the COVID-19 vaccine developed by the Moscow-based Gamaleya Institute on Agust 10 or even before that. The officials told the outlet that the vaccine will be approved for public use with frontline healthcare workers receiving it first.

“It’s a Sputnik moment,” said Kirill Dmitriev, head of Russia’s sovereign wealth fund, which is financing Russian vaccine research, referring to the successful 1957 launch of the world’s first satellite by the Soviet Union, according to CNN.

“Americans were surprised when they heard Sputnik’s beeping. It’s the same with this vaccine. Russia will have got there first,” he was quoted as saying.

However, Russia is yet to release the scientific data on its coronavirus vaccine trials, hence, questions remain about the safety and efficacy of the vaccine, said the report. The vaccine is in the second phase of testing with developers planning to launch the phase 3 trials sometime after August 3.

Earlier, Interfax reported, citing Health Minister Mikhail Murashko, that the vaccine will be widely used in parallel with phase 3 trials. He said the country plans to vaccinate medics who are at high-risk for COVID-19 next month before clinical trials are completed.

Murashko added that individuals at higher risk of getting infected with the coronavirus such as older people or those with health conditions will also be prioritised for the vaccine, although he did not estimate or reveal when that would happen. The minister added 800 people will be recruited for the phase 3 trials.

Meanwhile, health officials were more cautious considering the fact that human testing of the vaccine is incomplete, and the state registration is expected to begin after August 3, reported The Moscow Times.

On Monday, Moderna and Pfizer announced the commencement of the final phase 3 trials of their candidate vaccines against the SARS-CoV-2 virus, which has so far claimed at least 654,477 lives and infected 16,514,500 people worldwide. 

Researchers will recruit up to 30,000 volunteers in separate trials both backed by the US government. India's first indigenous coronavirus vaccine, COVAXIN, is undergoing phase 1 human clinical trials across the country. More than 150 COVID-19 vaccines are being developed all over the world with at least six candidates already in late-stage clinical trials.

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