Police helicopter attacks Supreme Court in Venezuela

Agencies
June 28, 2017

Caracas, Jun 28: A Venezuelan police helicopter strafed the Supreme Court and a government Ministry on June 27, 2017, escalating the OPEC nation's political crisis in what President Nicolas Maduro called an attack by “terrorists” seeking a coup.Police

The aircraft fired 15 shots at the Interior Ministry, where scores of people were at a social event, and dropped four grenades on the court, where judges were meeting, officials said. However, there were no reports of injuries.

“Sooner rather than later, we are going to capture the helicopter and those behind this armed terrorist attack against the institutions of the country,” Mr. Maduro said. “They could have caused dozens of deaths,” he said.

The 54-year-old socialist leader has faced three months of protests from opposition leaders who decry him as a dictator who has wrecked a once-prosperous economy. There has been growing dissent too from within government and the security forces. At least 75 people have died, and hundreds more been injured and arrested, in the anti-government unrest since April 2017.

Demonstrators are demanding general elections, measures to alleviate a brutal economic crisis, freedom for hundreds of jailed opposition activists, and independence for the opposition-controlled National Assembly legislature. Mr. Maduro says they are seeking a coup against him with the encouragement of a U.S. government eager to gain control of Venezuela's oil reserves, the largest in the world.

Venezuela's government said in a communique the helicopter was stolen by an investigative police pilot called Oscar Perez, who declared himself in rebellion against Mr. Maduro. A video posted on Mr. Perez’s Instagram account around the same time showed him standing in front of several hooded armed men, saying an operation was underway to restore democracy. Mr. Perez said in the video he represented a coalition of military, police and civilian officials opposed to the "criminal” government, urged Mr. Maduro's resignation and called for general elections. “This fight is... against the vile government. Against tyranny,” he said.

Witnesses reported hearing several detonations in downtown Caracas, where the pro-Maduro Supreme Court, the presidential palace and other key government buildings are located. Opponents to Mr. Maduro view the Interior Ministry as a bastion of repression and also hate the Supreme Court for its string of rulings bolstering the president's power and undermining the opposition-controlled legislature.

Vote controversy

Mr. Maduro, who replaced Hugo Chavez in 2013, is pushing a July 30, 2017 vote for a special super-body called a Constituent Assembly, which could rewrite the national charter and supersede other institutions such as the opposition-controlled congress.

He has touted the assembly as the only way to bring peace to Venezuela. But opponents, who want to bring forward the next presidential election scheduled for late 2018, say it is a sham poll designed purely to keep the socialists in power.

They are boycotting the vote, and protesting daily on the streets to try and have it stopped. Opposition leaders call Mr. Maduro a tyrant who has wrecked a once-prosperous economy, while he calls them violent coup leaders following U.S. orders.

Mr. Maduro, who accuses Washington of seeking to control the nation's oil wealth, said the “destruction” of Venezuela would lead to a huge refugee wave dwarfing the Mediterranean crisis.

“Listen, President Donald Trump,” he said earlier on June 27, 2017. “You would have to build 20 walls in the sea, a wall from Mississippi to Florida, from Florida to New York, it would be crazy... You have the responsibility: stop the madness of the violent Venezuelan right wing.”

Opposition to the July 30, 2017 vote has come not just from Venezuelan opposition parties, but also from the chief state prosecutor Luisa Ortega and one-time government heavyweights like former intelligence service boss Miguel Rodriguez.

At a news conference on June 27, 2017, Mr. Rodriguez criticised Mr. Maduro for not holding a referendum prior to the Constituent Assembly election, as his predecessor Chavez had done in 1999. “This is a country without government, this is chaos,” he said. “The people are left out... They (the government) are seeking solutions outside the constitution... That deepens the crisis.”

Mr. Maduro said an ex-pilot of Mr. Rodriguez was involved in the June 27, 2017 helicopter attack.

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Agencies
June 16,2020

Washington, Jun 16: The United States will reduce its troop strength in Germany from the nearly 52,000 at present to 25,000, President Donald Trump has said in Washington.

In an interaction with reporters at the White House on Monday, Trump attributed the move to high costs and Germany being "delinquent" in its payment to NATO.

"We have 52,000 soldiers in Germany. That's a tremendous amount of soldiers. It's a tremendous cost to the United States and Germany, as you know, is very delinquent in their payments to NATO.

"They are paying one per cent and they're supposed to be a two per cent. And then two percent is very low. It should be much more than that. So they are delinquent of billions of dollars," Trump alleged.

"So, we're putting the number down to 25,000 soldiers. We'll see what happens, but Germany has not been making payments. In addition to that, I was the one that brought it up. Everybody talks about Trump with Russia. Well, I brought this up a long time ago. Why is Germany paying Russia billions of dollars for energy and then we're supposed to protect Germany from Russia? How does that work? It doesn't work," the US president said.

US soldiers, he said, are paid well. "They live in Germany. They spend vast amounts of money in Germany. Everywhere around those bases is very prosperous for Germany. So, Germany takes. And then on top of it, they treat us very badly on trade. We have trade with the EU, Germany being the biggest member, and very, very badly on trade and we are negotiating with them on that. But right now, I'm not satisfied with the deal they want to make," Trump said.

"They've cost the United States hundreds of billions of dollars over the years on trade," he said.

The US protects them and then they take advantage of America on trade, the president said.

"So we are working on a deal with them, but it's very unfair and I would say by far, the worst abuser is Germany," he said.

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News Network
January 3,2020

Islamabad, Jan 3: The United Arab Emirates has extended USD 200 million aid to Pakistan for the development of the small and medium-sized enterprises in the country, Finance Adviser to Prime Minister Imran Khan said.

The announcement came after Abu Dhabi Crown Prince Sheikh Mohamed Bin Zayed Al Nahyan concluded his one-day visit to the country on Thursday.

"The money will be spent on small business promotion and jobs. This support is testimony to the expanding economic relations and friendship between our countries," the adviser, Abdul Hafeez Shaikh, on Thursday said.

The Crown Prince directed the Khalifa Fund for Enterprise Development to allocate USD 200 million in order to assist the Pakistani government's efforts to create a stable and balanced national economy that will help achieve the country's sustainable development, Dawn News reported on Friday.

During the visit, the prince met Prime Minister Khan and held talks on bilateral, regional and international issues.

The UAE is Pakistan's largest trading partner in the Middle East and a major source of investments. The UAE is also among Pakistan's prime development partners in education, health and energy sectors.

It hosts more than 1.6 million expatriate Pakistani community, which contributes remittances of around USD 4.5 billion annually to the GDP.

This is the Crown Prince's second visit to Pakistan since Khan took office in August 2018. He had last visited Pakistan on January 6 last year, just weeks after his country offered USD 3 billion financial assistance to Pakistan to deal with its balance of payment crisis.

The Crown Prince's visit was considered by experts as an attempt to woo Pakistan against the backdrop of recent developments when Saudi Arabia and UAE apparently used pressure to stop Pakistan from attending the Kuala Lumpur summit held last month.

The summit from December 19-21 was seen by Saudis as an attempt to create a new bloc in the Muslim world that could become an alternative to the dysfunctional Organisation of Islamic Cooperation led by the Gulf Kingdom.

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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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