US to begin process to move embassy to Jerusalem: Tillerson

Agencies
December 7, 2017

Washington, Dec 7: The US will immediately begin the process to move its embassy from Tel Aviv to Jerusalem, Secretary of State Rex Tillerson has said, hours after President Donald Trump recognised the holy city as Israel's capital.

In a major announcement, Trump recognised Jerusalem as Israel's capital yesterday despite warnings from the Arab leaders, reversing decades of US and international policy on the holy city.

"The State Department will immediately begin the process to implement this decision by starting the preparations to move the US Embassy from Tel Aviv to Jerusalem," Tillerson said.

The President Trump's decision to recognise Jerusalem as Israel's capital aligns the US presence with the reality that Jerusalem is home to Israel's legislature, Supreme Court, president's office, and prime minister's office, Tillerson said in a statement.

"We have consulted with many friends, partners, and allies in advance of the President making his decision. We firmly believe there is an opportunity for a lasting peace," he said.

Tillerson said the the safety of Americans was the State Department's highest priority, and with other federal agencies, it has implemented robust security plans to protect its citizens in affected regions.

In his landmark announcement, Trump said consistent with the Jerusalem Embassy Act, he was directing the State Department to begin preparation to move the American Embassy from Tel Aviv to Jerusalem.

"This will immediately begin the process of hiring architects, engineers and planners, so that a new embassy, when completed, will be a magnificent tribute to peace," he said.

The controversial decision received mixed reactions.

"I have long believed that Jerusalem is the true capital of Israel. However, issues surrounding the final and permanent status of Jerusalem must ultimately be resolved by Israelis and Palestinians as part of an internationally supported peace process," Senator John McCain said.

"That is why today's policy announcement, as well as any future relocation of the US Embassy in Israel from Tel Aviv to Jerusalem, should be part of a comprehensive diplomatic strategy in coordination with regional partners to achieve peace and security between Israelis and Palestinians," he said.

Democratic Senator Tim Kaine, member of the Senate Foreign Relations Committee, said the reaction from across the world is "troubling", including from important allies of Israel, and asserted that the announcement could have "destabilising consequences" for a region already rife with tensions.

"I am worried about the impact of this decision on the safety of US personnel overseas and have raised my concerns with the State Department to ensure sufficient security measures are in place at all US embassies and consulates," he said.

Another Democratic leader Nancy Pelosi rued that in the absence of a negotiated settlement between Israel and the Palestinians, moving the US embassy to Jerusalem now may "needlessly spark mass protests, fuel tensions, and make it more difficult to reach a durable peace".

Senator Marco Rubio said, "Today's announcement is an important step in the right direction. Unequivocal recognition of Jerusalem as Israel's capital will be complete when the US embassy is officially relocated there".

Following the Trump's decision, many Arab leaders warned that it could trigger an upheaval in the already volatile Middle East.

Comments

M Parson
 - 
Friday, 8 Dec 2017

This is outmost blunder by USA & Israel. Palestinian gave Israel people to live on their land. Today they acquired the place & now they say its their. Trump will never have natural death. Its known fact that USA admin call Israeli as their father before they any decision. One day inn sha Allah these Israel people will be paid for the things which they have done to Palestinian people. USA being such big country is afraid of Israel. Hum kisi se kum nahii Hamare Dash mein dum nahii

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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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News Network
June 12,2020

Jun 12: The global number of COVID-19 cases has increased to over 7.5 million, while the death toll was nearing 421,000, according to the Johns Hopkins University.

As of Friday morning, the overall number of cases stood at 7,500,777, while the deaths increased to 420,993, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US continues with the world's highest number of confirmed cases and deaths at 2,022,488 and 113,803, respectively, according to the CSSE.

In terms of cases, Brazil comes in the second place with 802,828 infections.

This was followed by Russia (501,800), the UK (292,860), India (286,605), Spain (242,707), Italy (236,142), Peru (214,788), France (192,493), Germany (186,691), Iran (180,156), Turkey (174,023), Chile (154,092), Mexico (133,974), Pakistan (125,933) and Saudi Arabia (116,021), the CSSE figures showed.

Regarding fatalities, the UK continues in the second position after the US with 41,364 COVID-19 deaths, which also accounts for the highest number of fatalities in Europe.

The other countries with over 10,000 deaths are Brazil (40,919), Italy (34,167), France (29,349), Spain (27,136) and Mexico (15,944).

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Agencies
January 4,2020

New Delhi, Jan 4: In more troubles for the former Finance Minister and senior Congress leader P Chidambaram, the Enforcement Directorate (ED) on Friday questioned him for over six hours in its probe into the Air India aircraft deal case, first time since his release from Tihar jail almost a month ago.

A senior ED official told IANS, "We questioned Chidambaram for over six hours today in the ongoing probe into the Air India deal with Airbus."

According to financial probe agency officials, Air India had planned to buy over 111 aircraft from Airbus and Boeing during the erstwhile United Progressive Alliance (UPA) government in 2009. This is the first time the ED has questioned the senior Congress leader in the Air India deal case.

The questioning of Chidambaram came for the first time since his release from the Tihar jail where he spent 106 days in connection with the INX Media money laundering case. He was released from Tihar on December 4 last year after he was granted bail by the Supreme Court. The former finance minister is also being investigated by the ED in a separate money-laundering cases of Aircel-Maxis deal.

An ED official said the contract to buy 43 aircraft from Airbus was finalised by a panel of ministers headed by Chidambaram in 2009. According to the ED, when the proposal to buy 43 aircraft from Airbus was sent to the Cabinet Committee on Security (CCS), there was a condition that the aircraft manufacturer would have to build training facilities and MRO (Maintenance, Repair and Overhaul) centres at a cost of Rs 70,000 crore. But later, when the purchase order was placed, the clause was removed.

The name of another UPA minister, Praful Patel, had also come up in the alleged scam in a charge sheet filed by the ED against corporate lobbyist Deepak Talwar on March 30 last year. Talwar was arrested last year by the ED after he was deported from the UAE.

The ED is probing the Air India-Indian Airlines merger; purchase of 111 aircraft from Boeing and Airbus at Rs 70,000 crore; ceding profitable routes and schedules to private airlines, and opening of training institutes with foreign investment.

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