Indian-American nominated for key post in Obama Administration

July 19, 2013

Indian-AmericanWashington, Jul 9: US President Barack Obama has nominated an Indian-American woman for the key post of Assistant Secretary of State for South and Central Asia.

Subject to confirmation by the Senate, Nisha Desai Biswal, who is currently the Assistant Administrator for Asia at the US Agency for International Development (USAID), will replace incumbent Robert Blake.

Biswal's nomination by Obama yesterday came along with announcements for seven other senior administration level positions.

"It gives me great confidence that such dedicated and capable individuals have agreed to join this Administration to serve the American people. I look forward to working with them in the months and years to come," Obama said in a statement.

Biswal, who received a BA degree from the University of Virginia, has been the Assistant Administrator for Asia at the USAID, since September 2010.

Although Afghanistan and Pakistan come under the South and Central Asia Bureau of the State Department, they, however, are handled by the Special US Representatives for Afghanistan and Pakistan, the designation currently held by Jim Dobbins.

From 2005 to 2010, she was the Majority Clerk for the State Department and Foreign Operations Subcommittee on the Committee on Appropriations in the US House of Representatives. From 2002 to 2005, she served as the Policy and Advocacy Director at InterAction.

Previously, Biswal had served as the professional staff of the US House of Representatives International Relations Committee from 1999 to 2002.

She served at USAID from 1995 to 1999 in a number of capacities including Special Assistant to the Administrator, Chief of Staff in the Management Bureau and in the Office of US Foreign Disaster Assistance, and the Office of Transition Initiatives.

Biswal worked at the American Red Cross from 1993 to 1995 in the Washington DC headquarters, and as an overseas delegate in Armenia, Georgia, and Azerbaijan.

She is also a member of the Congressional-Executive Commission on the People's Republic of China since March 2011.

"I would like to introduce my husband and soul mate, Subrat, and our two spirited daughters, Safya and Kaya, who inspire and challenge me every day.

My parents, Kanu and Lata Desai, my in-laws Nilambar and Anu Biswal and my brother, Pinank Desai and his family are also here," she had earlier said.

"As first generation immigrants, our parents journeyed far from rural India to pursue the American Dream and a better life for their children. We are grateful for their continued sacrifices on our behalf," Biswal had said.

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News Network
July 11,2020

Geneva, Jul 11: The World Health Organization said Friday that it is still possible to bring coronavirus outbreaks under control, even though case numbers have more than doubled in the past six weeks.

WHO chief Tedros Adhanom Ghebreyesus said the examples of Italy, Spain, South Korea and India's biggest slum showed that however bad a outbreak was, the virus could still be reined in through aggressive action.

"In the last six weeks cases have more than doubled," Tedros told a virtual press conference in Geneva.

However, "there are many examples from around the world that have shown that even if the outbreak is very intense, it can still be brought back under control," said Tedros.

"And some of these examples are Italy, Spain and South Korea, and even in Dharavi -- a densely packed area in the megacity of Mumbai -- a strong focus on community engagement and the basics of testing, tracing, isolating and treating all those that are sick is key to breaking the chains of transmission and suppressing the virus."

The novel coronavirus has killed at least 555,000 people worldwide since the outbreak emerged in China last December, according to a tally from official sources compiled by AFP on Friday.

Nearly 12.3 million cases have been registered in 196 countries and territories.

"Across all walks of life, we are all being tested to the limit," Tedros said, "from countries where there is exponential growth, to places that are loosening restrictions and now starting to see cases rise.

"Only aggressive action combined with national unity and global solidarity can turn this pandemic around."

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Agencies
August 7,2020

Moscow, Aug 7: Russia will register its first vaccine against the coronavirus on August 12, Deputy Health Minister Oleg Gridnev said on Friday.

The vaccine has been developed jointly by the Gamaleya Research Institute and the Russian Defence Ministry.

"The vaccine developed by the Gamaleya centre will be registered on August 12. At the moment, the last, third, stage is underway. The trials are extremely important. We have to understand that the vaccine must be safe. Medical professionals and senior citizens will be the first to get vaccinated," Gridnev told reporters at the opening of a cancer centre building in the city of Ufa.

According to the minister, the effectiveness of the vaccine will be judged when the population immunity has formed.

Clinical trials of the vaccine began on June 18 and included 38 volunteers. All of the participants developed immunity. 

The first group was discharged on July 15 and the second group on July 20.

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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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