Resolve tensions with India bilaterally: Trump to Imran

Agencies
August 17, 2019

Washington, Aug 17: US President Donald Trump on Friday conveyed the importance of India and Pakistan reducing tensions through bilateral dialogue on the Kashmir issue during a phone call with Prime Minister Imran Khan, the White House said.

The phone conversation between Trump and Khan took place before the close-door-consultation of the 15 members of the UN Security Council in New York. The White House readout of the call was issued after the meeting concluded at the UN headquarters in New York.

“The President conveyed the importance of India and Pakistan reducing tensions through bilateral dialogue regarding the situation in Jammu and Kashmir,” Deputy press secretary Hogan Gidley said in a statement.

The White House said Trump spoke with Khan to “discuss regional developments” and to follow up on the latter’s visit to Washington, DC, last month.

“The two leaders further discussed how they will continue to build on the growing relationship between the United States and Pakistan and the momentum created during their recent meeting at the White House,” Gidley said.

In Islamabad, Pakistan Foreign Minister Shah Mehmood Qureshi said Khan took the US President "into confidence" regarding the UN Security Council meeting at the UN headquarters after the Indian government revoked the special status of Jammu and Kashmir.

"Prime Minister Khan conveyed Pakistan's concern on recent developments in Kashmir and the threat they pose to the regional peace," Qureshi was quoted as saying by state-run Radio Pakistan.

The Foreign Minister said the conversation between the two leaders was held in a "cordial environment". They also agreed to remain in contact over the Kashmir issue, he said.

They also discussed the situation in Afghanistan. Prime Minister Khan said Pakistan has been playing a "constructive role to bring peace in Afghanistan and it made efforts in the past and will do so in future too."

Qureshi said Pakistan has contacted four of the five permanent members of the UN Security Council and are "also trying to contact French President so that his country understands our position".

The UN Security Council on Friday held a rare closed-door meeting to discuss India revoking the special status of Jammu and Kashmir after Pakistan, backed by its all-weather ally, China, requested "closed consultations" on the issue.

The meeting was open only to the five permanent members and 10 non-permanent members.

China, a permanent member of the UNSC and close ally of Pakistan, had asked for "closed consultations" in the Council.

On August 5, India revoked Article 370 of the Constitution removing special status to Jammu and Kashmir, and also bifurcated the state into two Union Territories -- Jammu and Kashmir, and Ladakh.

Reacting to India's decision, Pakistan expelled the Indian High Commissioner soon after deciding to downgrade diplomatic ties with New Delhi.

India has categorically told the international community that its move to scrap Article 370 of the Constitution revoking the special status to Jammu and Kashmir was an internal matter and has also advised Pakistan to accept the reality.

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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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News Network
March 16,2020

New Delhi, Mar 16: A total of 110 cases of coronavirus, including 17 foreign nationals have been confirmed across India, Union Ministry of Health and Family Welfare said on Sunday.

The maximum positive cases have been reported from Maharashtra (32), followed by Kerala (22).

The total number of passengers screened at airports is 12,76,046, the ministry said.

The World Health Organisation (WHO) has declared that Europe has become the new 'epicentre' of the coronavirus pandemic that has infected more than 15 lakh people with over 6,000 deaths globally.

The virus had first emerged in China's Wuhan city in December last year.

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News Network
July 9,2020

New Delhi, Jul 9: India reported the highest single-day spike of 24,879 new positive cases and 487 deaths in the last 24 hours, taking the total number of COVID-19 cases in the country to 7,67,296, according to the Union Ministry of Health and Family Welfare.

Out of the total number of cases, 2,69,789 are active, 4,76,378 have been cured/discharged/migrated and 21,129 have died.

Maharashtra remains the worst-affected state due to COVID-19 with as many as 2,23,724 cases, including 91,084 active, 1,23,192 cured/discharged and 9,448 deaths.

It is followed by Tamil Nadu (1,22,350) and Delhi (1,04,864).

Meanwhile, a total of 1,07,40,832 samples have been tested for COVID-19 till July 8. Of these, 2,67,061 samples were tested yesterday, stated Indian Council of Medical Research (ICMR).

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