RABI ALAWWAL 13,1440 AH WEDNESDAY, NOVEMBER 21, 2018
23º 28 Pages Max 150 Fils Established 1961 Min 14º
ISSUE NO: 17688 The First Daily in the Arabian Gulf www.kuwaittimes.net
FM receives credentials of The science of how cats’ Xi visits Manila to cosy India’s Kom marches toward 2 new Iranian ambassador 15 tongues keep them clean 24 up to historical US ally 25 record 7th world champ medal
Govt activates contingency plan to deal with heavy rain Panel debates rain damage • Met: Wet weather till Monday • Dozens of mines defused
By B Izzak and Agencies tracts with the government. Unprecedented heavy rains Kuwait’s meteorological office has warned of the renewed warnings to citizens and expatriates to avoid lashed Kuwait in November, causing severe damage to likelihood of more unstable weather starting tomorrow. any unfamiliar objects that might appear in desert KUWAIT: The government is activating a contin- several residential areas and main roads that lawmakers The inclement weather gripping the country is likely to areas. Such uncovered objects and items may turn out gency plan in full in anticipation of further rainfall, claim was due to bad infrastructure because of corrup- persist with a chance of intermittent downpours of to be abandoned explosive ordnance (AXO), the min- Minister of State for Housing Affairs Jenan Bushehri tion in executing contracts. The government and the varying intensities, meteorologist Abdulaziz Al-Qarawi istry warned. announced yesterday, as the National Assembly’s Assembly have formed investigation committees to find told KUNA yesterday. Friday’s weather will see spo- It added that it has received, during the past three housing committee discussed with the government out what happened and who is responsible. radic rainfall during the day with wind speeds of 60 km days, numerous reports of military remnants in the extensive damage caused by torrential rains to Sabah Head of the housing committee MP Faisal Al- per hour, leading to a seven-foot rise in sea levels and desert areas of Jahra governorate. The explosives Al-Ahmad residential area. Bushehri said she told the Kandari said the committee held a general debate on low visibility in some areas, he indicated. Unpredictable squad immediately rushed to the area and handled the panel that she ordered the formation of a committee to the destruction in Sabah Al-Ahmad and insisted that weather patterns are expected to continue until objects, the statement said, noting that its personnel investigate what happened in that area, which is rela- the Assembly wants all those responsible be held to Monday morning, Qarawi added, urging people to visit discovered 48 mines. The ministry called on citizens tively new. She promised to announce the results of the account and not only suspend their contracts. On com- www.met.gov.kw for all the latest weather details. and residents, namely desert campers, to call 112 when investigation committee and to take legal action pensating citizens whose properties were damaged in Meanwhile, the interior ministry said yesterday that finding any strange objects that may appear following against those responsible. the recent deluge, Bushehri said the Cabinet decided in it had received 20 reports of the appearance of mines sand drifts due to the recent heavy rains. It also urged Bushehri also announced that the government has its session on Monday to task a team chaired by due to the heavy rainfall in the desert over the past them to take extra precaution and refrain from touch- suspended dealings with six contracting companies and Minister of Social Affairs and Labor Hind Al-Sabeeh to days. The relations and security information department ing any of these objects, which might be dangerous an engineering office involved in road and housing con- follow up on the issue and receive complaints. at the ministry, as part of an awareness campaign, military leftovers.
News in brief After Airbnb, Dumped body identified Booking.com KUWAIT: Security sources said a dead body thrown from a taxi in Jabriya on Monday night belongs to Bangladeshi male, noting that criminal investigations asked to remove managed to identify the body by checking its finger- prints. Detectives were informed that a taxi driver had W Bank listings dumped the body in a Jabriya street and fled the scene. On examining the body, it was found to be ADEI AD: Rights activists yesterday urged bloodied. However, a passerby managed to jot down Booking.com to follow the example of Airbnb and with- the taxi’s license plate number. — A Saleh draw listings for rentals in Jewish settlements in the occupied West Bank, even as Israel called the move “disgusting” and threatened legal action. Airbnb said Nod to Shiite personal law Monday it will remove such listings, just ahead of the release of a Human Rights Watch report criticizing the KUWAIT: The National Assembly’s legal and legisla- inclusion of settlements. Israel strongly denounced tive committee yesterday approved a draft personal Airbnb’s decision and threatened legal action against status law for Kuwaiti Shiites after making small the company, while Palestinian officials welcomed it. amendments to the bill, head of the committee MP The US-based rights group HRW issued its report Khaled Al-Shatti said. The bill has been languishing in yesterday and called on Booking.com to follow Airbnb’s the Assembly for the past several years. If approved “positive step”. “By ending its brokering of rentals in AL MUGHAYYIR: Nati Rom, the founder of Israel’s Lev Haolam organization which is active against the Palestinian- by the Assembly, it will be used in courts to rule on illegal settlements on land off-limits to Palestinians, led boycott movement, walks next to an Airbnb apartment in the Esh Kodesh outpost near the Jewish settlement of personal status matters like marriage and divorce for Airbnb has taken a stand against discrimination Shilo in the occupied West Bank yesterday. — AFP Shiite Muslims. — B Izzak Continued on Page 24
$500m Saudi, UAE aid to Yemen late Monday with children unpacking With Sufi rituals, new clothes and plastic toys under RIYADH: Saudi Arabia and the UAE, which lead a strings of colorful lights. The buildings military coalition against the Houthi rebels in Yemen, around them are marked with bullet announced yesterday $500 million in aid to the sweets, Muslims holes and craters - scars of the violent country on the brink of famine. They will each give years since the 2011 ouster of dictator $250 million in response to the food crisis to support mark ‘mawlid’ Muammar Gaddafi - but holiday cheer more than 10 million people, said Abdullah Rabeeah, seems to overcome that. general supervisor at King Salman Humanitarian Aid AKRA, Iraq: From Sufis in Iraqi In Egypt, candy shops prepare the and Relief Centre. He added that donations will go Kurdistan shaking their hair to rhythmic traditional “mawlid (birth) bride,” a fig- through the UN as well as other international and drumbeats, to Libyan children receiving urine made of sugary paste that is then local aid groups. — AFP toys and Egyptians swapping sweets - dressed in paper skirts, sparkles, and Muslims across the world celebrated fabric flowers. According to tradition, the Prophet Muhammad’s (PBUH) birthday dolls must be offered by young men to yesterday. Nearly 1,450 years after their betrothed along with other tradi- Ivanka used personal email Muhammad (PBUH) was born in Makkah tional sweets made of dried fruit, nuts in modern-day Saudi Arabia, Sunni and nougat. WASHINGTON: The US president’s daughter and Muslims marked the anniversary with And in Iraq’s northern town of Akra, a senior advisor Ivanka Trump used a personal email ancestral customs and new traditions Sufi ritual takes precedence. Men account for government business in violation of fed- yesterday, a few days ahead of the date dressed in loose pants, matching jackets JERUSALEM: Palestinian scouts play music during a ceremony commemorating the eral records rules, The Washington Post reported recognized by Shiites. and wrap-around belts stand in lines and birth of Prophet Muhammad (PBUH) outside the Dome of the Rock in the Al-Aqsa Monday. A spokesman for Trump’s attorney con- In the Libyan city of Benghazi, the semi-circles for the “dhikr”, or religious Mosque compound yesterday. — AFP firmed that she did use a private email account celebration has been underway since Continued on Page 24 before she was informed of the rules, and said that all her government-related emails had been turned over months ago. President Donald Trump has repeatedly pilloried Hillary Clinton for her use of a private email Muslim lawmaker More than 50 dead server for government business while she was secre- tary of state. — AFP proposes to end in attack on Kabul head-cover ban Saudi Arabia announces new projects religious gathering in US Congress KABUL: More than 50 people were killed in a sui- DUBAI: Saudi King Salman announced $3 billion in WASHINGTON: A Muslim congresswoman-elect has cide attack on a religious celebration in Kabul yes- investment projects yesterday, the latest in a royal terday, officials said, in one of the deadliest assaults spending spree. King Salman inaugurated 151 proj- co-authored changes to a longstanding rule banning the wearing of head coverings on the US House floor, WASHINGTON: Incoming Representative Ilhan Omar speaks to strike Afghanistan this year. It follows a wave of ects in the northern province of Tabuk valued at more an effort supported Monday by the nation’s largest to a reporter while arriving for a House of Representatives bloody violence across the war-torn country in than 11 billion riyals ($2.9 billion), of which 4.9 billion Muslim rights group. Ilhan Omar, a Somali refugee who member-elect welcome briefing on Capitol Hill. — AFP recent weeks that has killed hundreds of people as riyals will go toward three electricity management was one of the first two Muslim women elected to militants step up assaults amid a flurry of diplomat- projects in the province, where the futuristic city of Congress earlier this month, has joined Democratic Pelosi that is expected to be approved in January, when ic efforts to end the 17-year conflict. NEOM is due to be built. Among other recipients are leaders in drafting an update to a 181-year-old rule to Democrats take majority control of the chamber. “No At least 83 people were wounded in the blast, the tourism authority and the ministries of transport, allow for religious exemptions for headwear like the one puts a scarf on my head but me. It’s my choice - health ministry spokesman Wahid Majroh said, which targeted religious scholars and leaders inside housing, education, environment and municipal Muslim hijab, Jewish yarmulkes or Sikh turban. one protected by the first amendment,” Omar posted a wedding hall where hundreds had gathered to affairs. — Reuters The change is part of a rules package introduced by Saturday on Twitter. top Democrats including House Minority Leader Nancy Continued on Page 24 Continued on Page 24 2 Established 1961 Local Wednesday, November 21, 2018 Amir, Crown Prince meet senior state officials at Bayan Palace
Defense Minister discusses cooperation with World Bank official
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets with His Highness the Crown His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets with His Highness the Prime Minister Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. — Amiri Diwan and KUNA Photos Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.
His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah meets with His Highness the Prime His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah meets with Deputy Prime Minister Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah. and Minister of Interior Sheikh Khaled Al-Jarrah Al-Sabah.
First Deputy Prime Minister and Minister of Defense Sheikh Nasser Sabah Al-Ahmad His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah meets with Minister Hind Al-Sabeeh and members of the Gulf Al-Sabah meets with the World Bank Regional Director Dr Issam Abu Suleiman. Engineering Union.
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- In the meantime, His Highness the Prime Minister received Minister Sheikh Nasser Sabah Al-Ahmad Al-Sabah discussed at Bayan Palace Sabah received yesterday at Bayan Palace His Highness the Crown of Social Affairs and Labor and Minister of State for Economic Affairs yesterday mutual cooperation with the World Bank Regional Director, Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. His Highness the Hind Al-Sabeeh, accompanied by the Secretary-General of the Gulf Dr Issam Abu Suleiman, along with the accompanying delegation. The Amir also received His Highness the Prime Minister Sheikh Jaber Al- Engineering Union Dr Kamal Abdullah Al-Hamad and members of the Ministry of Defense said in a statement that the two sides discussed Mubarak Al-Hamad Al-Sabah. Meanwhile, His Highness the Crown union on the occasion of the 20th anniversary of the founding of the issues of common concern. The meeting was attended by members of Prince received His Highness the Prime Minister, as well as Deputy Prime Gulf Engineering Union. the board of trustees of the apparatus for developing Silk City and Minister and Minister of Interior Sheikh Khaled Al-Jarrah Al-Sabah. Separately, First Deputy Prime Minister and Minister of Defense Boubyan Island. — KUNA
statement that this came during a meet- Ambassador ing between Ambassador Al-Saidi and Kuwaiti academic Spanish Senate Speaker Pio Garcia- Escudero at the Spanish parliament in confirms Madrid Monday evening. It added that Hamad Al-Sabah yesterday received wins feminist Ambassador Saidi conveyed to Garcia New Iranian a copy of the credentials of the new Spain’s role in greetings of Kuwait’s Speaker of the Iranian ambassador to Kuwait research award National Assembly Marzouq Ali Al- Mohammad Irani during a meeting Ghanem, noting that the two parties envoy submits held at his office at the Ministry of KUWAIT: Kuwaiti academic Dr Haneen Al- canceling visa stressed the need to continue mutual Foreign Affairs. During the meeting, Ghabra won an award on feminist studies from visits between the parliamentary com- credentials Sheikh Sabah expressed his best mittees of both countries. The two sides wishes to the new ambassador and the US National Communication Association MADRID: Kuwait’s Ambassador to also stressed the importance of more developments for bilateral (NCA). In a statement to the press yesterday, Spain Ayadah Al-Saidi stressed the strengthening the bonds of parliamen- KUWAIT: Kuwaiti Deputy Prime ties. The meeting was attended by a Assistant Professor at Kuwait University’s com- importance of the role of the Spanish tary relations and continuing to Minister and Minister of Foreign number of foreign ministry’s senior munications department Dr Ghabra said that the Parliament in supporting Kuwait’s file on exchange support in the international Affairs Sheikh Sabah Khaled Al- officials. — KUNA ‘Outstanding Article of the Year Award’ was pre- canceling the Schengen visa for Kuwaiti sented to her for a research on women’s privi- parliamentary forums, praising at the citizens in the European Parliament. The same time the distinguished bilateral leges and facing oppression. She noted that she Kuwaiti embassy in Spain said in a press had also recently published a book titled ‘Muslim relations. — KUNA Women and White Femininity: Reenactment and Resistance.’— KUNA
Dr Haneen Al-Ghabra (left) receives an award on KUWAIT: The new Iranian ambassador to Kuwait Mohammad Irani presents feminist studies from the US National his credentials to Kuwaiti Deputy Prime Minister and Minister of Foreign Communication Association. MADRID: Kuwait’s Ambassador to Spain Ayadah Al-Saidi (right) presents a sou- Affairs Sheikh Sabah Khaled Al-Hamad Al-Sabah. — KUNA venir to Spanish Senate Speaker Pio Garcia-Escudero. — KUNA Established 1961 3 Local Wednesday, November 21, 2018 Residency affairs department speeds up efforts to compensate for missed days American medical group likely to manage Jahra hospital
By A Saleh an American medical group will most likely be select- cern, sources said various educational zones will soon Behind schedule ed in view of the success achieved by American med- submit the names of the heads of examination centers KUWAIT: The Ministry of Interior’s (MoI) Assistant A State Audit Bureau (SAB) reportedly stressed the ical groups in Abu Dhabi. The sources also noted that for the upcoming first term exams. The sources added Undersecretary Maj Gen Sheikh Faisal Al-Nawaf Al- Ministry of Services has repeatedly fallen behind the estimated cost of running the city varies between that each director will be entitled to nominate 10-15 Sabah instructed all residency affairs departments to schedule in executing some construction projects for KD 100 million and KD 200 million for a period of educators to work with them at the designated centers. exert their utmost efforts on processing transactions of which the total of KD 771,000 had been allocated, five to 10 years. They also reminded that the citizens and expatriates to make up for the days given noting that this reflects the ministry’s incapability to American Henry Ford Medical Group already runs a Solar power off during the recent heavy rain. Informed sources said follow up the execution of those projects, and conse- hospital in Riyadh. Notably, Jahra Medical City has a Kuwait National Petroleum Company (KNPC) is MoI’s immigration director Maj Gen Abdullah Al-Hajri quently increases the costs yearly. Meanwhile, another bed capacity of 1,234 in eight main buildings and the currently working on executing the Al-Dibdibah solar receives up to 100 applicants at his office daily. The Sab report showed that revenues collected by the project is located over a total area of 235,000 sq m. power project with a 1,500 megawatt capacity, proj- sources added that over 3,000 transactions were Ministry of Social Affairs and Labor (MSAL) during It is expected to be completed within three years at a ects manager Riyadh Al-Toura announced. He added being processed daily at various departments, with the fiscal year 2017-2018 dropped by 53 percent (KD total cost of KD 354 million. that the project is located over an area of 32 sq km 400 at the Hawally department. 3.4 million) compared with estimates, adding that rev- within KISR’s Al-Sheqaya renewable energy complex, enues had also dropped by 40 percent in 2015-2016 New building which is affiliated to Kuwait Institute for Scientific KISR employees and 74 percent in 2016-2017. The Ministry of Education (MoE) announced plans Research (KISR). Toura added that the project had MP Khalil Al-Saleh filed an inquiry asking Minister to move to its new building in South Surra on been offered for bidding through the Central Agency of Education Hamed Al-Azmi about allegedly ignoring Jahra Medical City November 25, 2018, said educational sources, explain- for Public Tenders and that 28 international companies remarks made in a State Audit Bureau report, and fail- Finance Minister Nayef Al-Hajraf, Health Minister ing that the new building includes the minister’s office and consortia have qualified for the project so far. He ing to provide explanations to why 122 Kuwaitis quit Sheikh Dr Bassel Al-Sabah and Amiri Diwan as well as those of the assistant undersecretaries for added that bids will close by Dec 16, 2018 and their jobs at Kuwait Institute for Scientific Research Undersecretary Sheikh Mohammed Al-Abdullah Al- public education and educational development and expected the project contract will be signed during (KISR) and why non-Kuwaiti employees received Sabah recently met six international medical groups activities. The sources added that some departments the first quarter of 2019, adding the project is to be salaries beyond the limits set by the Civil Service to select one of them to manage the Jahra Medical will not move to the new building until enough parking launched within 24 months effective from the date of Commission (CSC). City, informed sources said. The sources added that spaces become available. In another educational con- signing the contract.
Authority gears up local spotlight to develop ports’ To Egypt with love infrastructure
By Meshaal Al-Enezi
KUWAIT: Kuwait Ports Authority (KPA) recently con- By Nejoud Al-Yagout ducted a comprehensive inspection and inventory of various departments in Shuwaikh, Shuaiba and Doha ports pending developing the infrastructure of all three ports that have been in service for over 60 years. KPA Director Sheikh Yousef Abdullah Sabah Al-Nasser instructed all concerned committees to complete the process as soon as possible, the authority’s public rela- tions department said in a statement. hen I was a child, I heard about a place In this regard, head of the facilities and public rela- called Egypt, a place they called and still tions committee Atef Al-Shatti said five tenders had Wcall the ‘Mother of the World.’ been offered for public bidding to remove at least 60 Everything’s magical and mystical when we are chil- tons of solid waste in the three ports as well as in the port were being subjected to electricity and plumbing ects manager and the head of the constructions com- dren. It is a shame that when we grow up, we learn main ports complex building. Commenting on the same maintenance operations in addition to collecting debris mittee Essa Al-Mulla said some temporary structures that the world is not as glorious as we once thought, issue, the safety and security manager at Shuwaikh Port and classifying it pending selling them in an auction. and warehouses are being currently removed to be or actually, it is still glorious, but we cease treating it Bader Al-Rushood said some isolated areas behind the In the meantime, the authority’s planning and proj- replaced by modern edifices. as though it were. My parents and relatives kept the magic and glory alive, though. They were always watching glamorous black and white Egyptian movies, and when I grew up and developed an affini- Oil Minister’s Fatal accidents ty for literature, I was drawn to Naguib Mahfouz, Alaa Al-Aswany, Nawal El-Saadawi and so many other literary legends who happened to be Egyptian. grilling still leave three dead, I am dismayed to learn that Egypt - a country rich in culture, overflowing with intellectuality and avant- on: Lawmaker 11 injured garde writers and artists - has gradually become the brunt of many jokes and racism. Fast forward to now, having learned that we have further upset the By B Izzak By Hanan Al-Saadoun and Agencies descendants of one of the most ancient civilizations on our planet - the folks that we are supposed to KUWAIT: MP Faisal Al- KUWAIT: Two men were killed in a horrific car accident look up to - is something I cannot get over. Kandari said yesterday that reported on Seventh Ring Road. Mubarak Al-Kabeer fire Oh fellow brothers and sisters in Kuwait: Oil is a he and two other lawmakers station responded and recovered the victim’s bodies. In resource - it is not something we invented, and one are still determined to grill another fatal crash, an Egyptian man was killed and 11 oth- day it will be replaced. Where will we then be, hav- Oil Minister Bakheet Al- ers were injured in a traffic accident reported on King ing alienated so many people with our words and Rasheedi over alleged finan- Fahd Road between an SUV and a bus that was carrying actions? Fear is not an incentive for change, but how cial violations even after he 14 workers. The accident took place near Ahmadi bridge. else can we change if love is not permeating our has provided a key investiga- The injured suffered fractures and bruises. core? Weather changes (as we have witnessed in the tion report to the national last couple of weeks), conditions change (as history assembly. Kandari said the Fake detective arrested has exemplified), wealth fluctuates (as recessions minister was supposed to Ahmadi detectives arrested the suspect who imperson- KUWAIT: Firefighters inspect the scene of an acci- have tried but failed to teach us), but at the end of provide the report on MP Faisal Al-Kandari ated a policeman and robbed an Indian man, then threat- dent on Seventh Ring Road. the day, what kind of legacy do we want to leave Sunday based on a resolu- ened to kill a Lebanese child in Fahaheel. The suspect is a tion by the National behind? How do we want to be known to the rest of 23-year-old Kuwaiti and was arrested at his father’s house the world? Do we want people to roll their eyes Assembly but he did not and provided the report on in Ahmadi. received about a car with sparks coming out of a tire near Monday after the three MPs said they will grill him. The when they refer to us? Do we want to be known as a mall on the Fifth Ring Road, whose driver left the car and arrogant? Or as bigots? Do we want to have people lawmaker said that the grilling will go ahead as planned Traffic dispute escaped. Police were able to identify and arrest him. across nations speaking about our lack of mercy and after the grilling of the prime minister next week. A citizen became annoyed with a woman’s loud voice our continued intolerance? In the meantime, the National Democratic Alliance during a traffic dispute and slapped her across the face, Beggars arrested This is not the Kuwait of my grandparents and (NDA), a liberal grouping, yesterday welcomed the amend- rupturing her eardrum. She lodged a complaint against Interior Ministry Assistant Undersecretary for ment approved by the legal committee to allow granting him. The suspect is being summoned for questioning. Operations Affairs Maj Gen Jamal Al-Sayegh asked police ancestors, who were welcoming to people of all Kuwaiti citizenship to non-Muslims. The NDA said that the patrols to be present around Mubarakiya and its markets nations, who respected all religions, all walks of life. amendment is a correction for an unconstitutional law Suspect arrested because the number of beggars is on the rise, as social And this is certainly not the generation of my par- enacted by the 1981 National Assembly which deprives An SUV driver was arrested after ramming into a police media posts show. A source said policewomen can be used ents who considered Egypt the ‘Mother of the non-Muslims from the right to become Kuwaiti, adding that patrol in Salmiya and escaping, then abandoning his vehi- to arrest female beggars, adding all those arrested will be World.’ To say I am heartbroken is an understate- this provision was not present in the original Kuwaiti cle in front of Rai mall. Policemen manning a checkpoint deported and their sponsors will not be allowed to spon- ment, but I have hope in the locals who shun any nationality law issued in 1959. Liberal MP Rakan Al-Nisf near the passports roundabout in Salmiya noticed a driver sor anyone anymore. Meanwhile, six beggars were arrest- form of discrimination toward Egyptians and all oth- also supported the move and called on the National attempting to avoid them, so he was chased until he collid- ed in Farwaniya and were sent to concerned authorities to er expatriates. Kuwait for all. Viva l’amore! Assembly to approve the amendment soon. MP Saadoun ed with a patrol car and escaped. Later, a call was be deported. Hammad however said he will oppose the amendment. Illicit garbage dumped in Mahboula
KUWAIT: Unknown persons are dumping truckloads of garbage in an unauthorized spot in Mahboula. According to Kuwait Times reader, J Mathew, who witnessed the dumping, a large yellow dump truck pulled up to the empty lot, located in block 2 and dumped piles and piles of trash. The impact on the immediate environment, not to mention the possibly of spreading disease during the rainy season is unknown.— (Photos courtesy J Mathew) 4 Established 1961 Local Wednesday, November 21, 2018 Kuwaiti-Japanese businessmen discuss investment, joint projects Kuwait seeks Japanese expertise in renewable energy, other areas
TOKYO: Kuwait and Japan yesterday discussed measures to will include Iraq and Saudi Arabia, which will be more appealing enhance business cooperation between the two countries with to Japanese enterprises,” he said. focusing on infrastructure projects and small and medium-sized business. The 22nd meeting of the Kuwaiti-Japanese Human resources’ development Businessmen’s Committee was held in Tokyo, Japan and featured In his opening remarks, Mutawa pointed out it was the first three sessions - economic analysis, the ‘New Kuwait 2035’ devel- annual meeting since the official ratification of an agreement on opment plan, and cooperation in the field of training small and technical cooperation between the two governments, saying, “it is medium enterprises (SMEs). The one-day forum, co-chaired by considered the main relevant event witnessed during 2018.” The Tareq Al-Mutawa and his Japanese counterpart Hiroshi Saito, agreement is a great achievement crowning the constant efforts of brought together some 90 government officials and business peo- this committee for more than two decades, said Mutawa. The pact ple from various sectors of both countries. gives significant focus to the human resources’ development activities, such as providing technical training to Kuwaiti nationals, Removing obstacles and dispatching Japanese missions to Kuwait to conduct, with Saito reaffirmed his country’s continued contribution to the their Kuwaiti counterparts, surveys of economic and social nature, economic growth of Kuwait. “As Japan heavily relies on Kuwaiti according to Mutawa, who is a board member of Kuwait Chamber crude oil, our country shall actively invest and expand businesses of Commerce and Industry (KCCI). in Kuwait in return, which will contribute to the development of “Kuwait has several initiatives to promote its capital markets the Kuwaiti economy and employment promotion,” Saito said and introduce advanced financing this year. These developments after the meeting in Tokyo. “For that purpose, our committee aims help raise the capital inflows to Kuwait, boost liquidity, and place TOKYO: Kuwaiti-Japanese Businessmen’s Committee Co-Chairman Tareq Al-Mutawa (center) speaks to help remove obstacles that Japanese companies many face,” it on the map of foreign investors,” he said, expressing hope that during the committee’s 22nd meeting in Tokyo, Japan yesterday. —KUNA said Saito, renewing committee’s intention to facilitate the neces- there will be cooperation between the authorities of capital mar- sary support and cooperation to that end. For example, the com- kets in Kuwait and their counterparts in Japan in the fields of mittee has played a significant role technical and financial education. also accelerated the improvement of the investment climate and in the abolishment of ‘offset’ pro- The head of the Kuwaiti side related legislation. “Since the establishment of a new organization gram that had caused troubles for also stressed that Japanese expert- promoting privatization, various public and private partnership Japanese firms operating in Kuwait. ise is required in many areas such projects have been also promoted. I hope that this committee will Participants at yesterday’s meeting Providing as energy, security, clean and serve as a platform to create synergies of both countries’ devel- had active discussions about the renewable energy, small and medi- opment,” he added. development of the bilateral coop- technical um enterprises development, small eration between the two countries, cities and ports, e-commerce, KD 34 billion according to Saito, who is Honorary training to human capital building and the At the gathering, the Kuwaiti side briefed the Japanese partici- Advisor of Mizuho Financial Group. Kuwaitis development of Kuwait industries, pants on investment climate and opportunities under the New “This year, in addition to repre- given that Japan is one of the first Kuwait 2035, including key projects in energy, oil, power, smart sentatives from the private sector, countries in the world which has cities, the stock exchange, developing the islands, and establishing many of those from the government competitive advantages in these Madinat Al-Hareer (Silk City). As part of the plan under the New sector attended the meeting. We fields. Kuwait 2035, the government plans to invest KD 34 billion ($112.4 had an in-depth discussion covering projects under the New billion) in strategic projects by 2019, hoping to raise a third of that Kuwait 2035 development plan, and the establishment of a gov- Steady progress capital from the private sector, according to the presentation, ernment agency for the promotion of the related investment, as Meanwhile, Saito said the relationship between the two coun- which described the Public-Private Partnership (PPP) model as Kuwaiti-Japanese Businessmen’s Committee Co-Chairman well as the development of the Kuwait stock exchange,” Saito tries has been progressing steadily, such as bilateral tax and one of the key vehicles. Hiroshi Saito speaks during the meeting. said. There was also presentation about current status of an elec- investment treaties that came into force in 2013 and 2014, respec- The meeting also covered a report on macroeconomic trend tricity and water project, and other key economic issues in tively, and the Az-Zour North Power Plant project starting com- and monetary/financial stability in Kuwait that was presented by Kuwait, while the Japanese side offered Japan’s intention to sup- mercial operation about two years ago, in which Japanese compa- Central Bank Deputy Governor Yousef Al-Obaid, and support for Mohammad Zaman and representatives from the Agency for port in the field of water and its experience of small and medium nies participated. “As a three-way cooperation involving Kuwait SMEs. The Japanese side provided an overview of the economy, Developing Madinat Al-Hareer (Silk City) and Boubiyan Island, enterprises. and Japan, the Nghi Son petrochemical refinery complex in Japan’s experience on electricity and water sector and its policy the Boursa Kuwait, the Kuwait Direct Investment Promotion Meanwhile, at the meeting, Saito offered optimistic view of Vietnam began full-scale operation in May. I hope that we will on SMEs. They also touched on a policy dialogue on electricity Authority, the General Secretariat of the Supreme Council for more Japanese private sector’s involvement in Kuwait given that continue to develop projects that will create a win-win situation and water between the two countries, which was established in Planning and Development Affairs, the Kuwait Authority for Kuwait enjoys economic stability despite the current geopolitical for the both countries,” he said. 2015 with the aim of exchanging information of future projects in Partnership Projects, the Ministry of Electricity and Water, the risks in the Middle East. “Kuwait’s financial system is stable Kuwait has made progress on the Second National Kuwait and applicable technology of Japan and discussing possi- Kuwait Petroleum Corporation, the Kuwait Foundation for the enough to withstand an oil-price slump. Kuwait can be a lucrative Development Plan (2015-2019) for rebuilding of infrastructure, in ble cooperation projects in the electricity and water sector. Advancement of Sciences, as well as unions of investment, banks market for Japanese firms. I hope Kuwait will create a market that which Japan is much interested, said Saito, adding that Kuwait has The Kuwaiti delegation included Ambassador to Japan Hasan and industries. —KUNA
NBK partners 1st Sino-Kuwaiti with Al-Shaheed Investment Forum Park to support kicks off tomorrow SHANGHAI: The first Sino-Kuwaiti investment forum will be held in Shanghai tomorrow amid high expectations for as oil construction, housing, infrastructure and information Kuwaiti Culture an increase in bilateral cooperation between the two sides. technology. The forum also discusses the attractiveness of The forum will be held under the patronage of Kuwaiti the Kuwaiti market regionally and efforts exerted to KUWAIT: National Bank of Kuwait (NBK) provides its Finance Minister Dr Nayef Al-Hajraf. improve business environment and the foreign investment support to Al-Shaheed Park ‘Modern Heritage Festival’ The forum is organized jointly by the Kuwaiti Ministry environment in light of recent developments on the regula- during November for the third year in a row, as part of of Finance, Kuwait Investment Authority (KIA) and tory environment in the country and the impact of modern the bank’s continuous efforts to stand by the social and Kuwait Direct Investment Promotion Authority. The economic laws on the Kuwaiti economy. cultural institutions in Kuwait. Kuwait as part of its social forum will be held on the sidelines of the inauguration of Meanwhile, Kuwaiti Ambassador to China Samih Johar NBK’s Public Relations Assistant General Manager, responsibility. As a leading KIA’s second office in Shanghai today, after opening its Hayat affirmed that bilateral relations between Kuwait and Manal Al-Mattar, said that NBK’s support to Al- and prestigious institution, 1st office in Beijing in 2011. Minister Hajraf is expected to China are witnessing a remarkable stage of cooperation Shaheed Park activities is a recognition of the important NBK has a track record of deliver an opening speech at the forum, followed by a and are well established. This came in a statement to the and pivotal role that this leading cultural institution serving and supporting panel discussion including KPC’s CEO Nizar Al-Adsani, press yesterday after Kuwait’s economic delegation arrived plays in promoting our culture and shedding light on its the Kuwaiti society. Its Board Member of the Kuwait Chamber of Commerce and to Shanghai. Hayat stressed the importance of holding such arts and rich heritage. contribution to Al- Industry Amran Jouhar Hayat, Chief Executive Officer of meetings periodically, as the investment forum is one of the “Our CSR strategy focuses on supporting cultural Shaheed Park supports Huawei Technologies Company in Qatar, Bahrain and most important meetings and the largest economic gather- activities that aims at building bridges between genera- promoting and highlight- Kuwait Trevor Lo and Director General of China ing between the countries. He added that Kuwait and China tions,” she added. “We trust that cultural and historical ing the richness of history Constructions Company Yang Chu Sin. signed on Monday a memorandum of understanding form- related events do attract a large segment of the society and civilization. The one-day forum will discuss investment opportuni- ing a mechanism for development of cooperation for Silk and it’s our duty as a leading institution to be part in It is worth mentioning ties available in the State of Kuwait including sectors such City and the five Kuwaiti islands. —KUNA spreading cultural activities and help youth to be that Al-Shaheed Park is managed by LOYAC. The engaged more and continuing to enhance Kuwait history Manal Al-Mattar and tradition for years to come.” park management’s vision is to help in enhancing the in the field of archaeology in Kuwait and Gulf region, said Over the past six and a half decades, NBK has com- Director of the Department of Antiquities and Museums at mitted itself to supporting social and cultural activities in cultural and civilized dimensions of the country, as well Third Neolithic as support the development of the heritage. NCCAL Dr Sultan Al-Duwaish. A specialized team from Poland is participating in this conference, which will dis- Conference promotes cuss the most important findings in Kuwait, Saudi Arabia, Oman, Qatar, UAE, and Jordan. The team will also discuss the latest discoveries in northern Kuwait, where archaeo- archaeology in Kuwait logical evidences showed the presence of ancient humans for thousands of years in the area, Duwaish added. KUWAIT: The Third Neolithic Conference of the Arabian Meanwhile, Secretary-General of the Council Peninsula kicked off yesterday at Kuwait National Engineer Ali Al-Yoha said that studies showed the exis- Library Headquarter under the supervision and organiza- tence of humans in Tal-Burqan, Tal-Al-Qurain, Bahra, tion of Kuwait National Council for Culture, Arts and and Tbiej Island. The National Council worked to sup- Letters (NCCAL). The third Neolithic Conference of the port the field of antiquities through foreign archaeologi- Arabian Peninsula, is held for the third consecutive time cal missions and excavations in Kuwait, and organizing in Kuwait, and will last for three days in cooperation with events and forums, he explained. He expressed hope the the French Center for Archaeology and Social Sciences conference would create an archaeological climate, and and the French Embassy. take a step toward expanding knowledge and reveal his- The conference will shed light on the latest discoveries toric facts. —KUNA
Barrak. On behalf of the Bank, Barrak will be speaking on a pan- KIB sponsors el discussion during the economic track of the conference. On this occasion, Manager of the Corporate Communications Unit at KIB, Nawaf Najia, said: “Every year, 35th annual we continue to sponsor this conference, as it brings together Kuwaiti students in a friendly, atmosphere full of great minds from a diverse set of disciplines. At KIB, we always strive to fos- NUKS conference ter these student-related educational initiatives that seek to enrich the experience of students and empower the next gener- KUWAIT: KIB announced its sponsorship of the 35th annual ation of leaders. We are proud to offer our moral and financial National Union of Kuwaiti Students (NUKS) conference, which support to Kuwaiti students, whether in Kuwait or abroad, will be held under the theme ‘The Youth of Kuwait,’ in Dallas, investing in their future as well as ours.” United States. Taking place from the 22nd to the 25th of Najia also added that this sponsorship has become a flag- November, the conference will be held under the patronage and ship component of KIB’s social responsibility program, reflect- presence of First Deputy Prime Minister and Minister of Defense ing its unwavering commitment to developing youth and sup- Sheikh Nasser Sabah Al-Ahmad Al-Sabah, and attended by an porting the local student population. The Bank continues to elite group of notable figures and representatives from diverse support a myriad of student-based initiatives and activities, fields, ranging from politics and economics to religion and arts. stemming from its strong belief in the importance of supporting KUWAIT: A group photo featuring participants in the Third Neolithic Conference of the Arabian The four-day conference will be attended by the Bank’s young, local talents and encouraging them to realize their Peninsula. —KUNA General Manager of the Investment Department, Jamal Al- ambitions. 5 Local Wednesday, November 21, 2018 Urgent need to address children’s issues: Satyarthi Education ‘very important’ to get rid of poverty
By Reaven D’Souza we had in the past, resulted in the ILO convention 182, which helped bring the issues of child abuse to KUWAIT: Nobel Peace Laureate Kailash Satyarthi the forefront.” Kuwaiti actors who has championed the cause of children for more “I am now working with the United Nations on a than 37 years was in Kuwait recently as part of an new convention that will expand the protection of event organized by TakMinds, a new platform children; this will be a legally binding international hail Heritage launched by Takreem, which aims to highlight how pact with very specific clauses against online child changemakers and emerging talents are addressing pornography, sexual abuse and child trafficking,” he Week in Sharjah current societal challenges. As the chief guest speak- disclosed. er, Kailash Satyarthi spoke about children’s issues Satyarthi, who met the Pope in Rome a few days that were impacting the global peace process, as well back to seek his support for the UN convention, said SHARJAH: A number of Kuwaiti actors praised as the need to act fast and comprehensively. that he was very pleased with the meeting and the Kuwait Heritage Week in Sharjah, which officially Having started his movement Bachpan Bachao positivity shown by His Holiness towards the issue. inaugurated on Monday. Participants in the event, Andolan (Save Childhood Movement) in 1981, Emphasizing the need for everyone to support chil- included renowned Kuwaiti actors Saad Al-Faraj and Mohammad Al-Mansour, as well as singer Mustapha Satyarthi has rescued dren’s issues, he said, Ahmad who all were guest of honors in the Heritage almost 87,000 children “Children are the most vul- Week, part of the Global Heritage Weeks organized from child labor, trafficking nerable members of society, by Sharjah Institute for Heritage (SIH). and slavery. In recognition Movement especially the marginalized Faraj said that such cultural initiative would of his efforts, in 2014, he children, they have no pro- enable visitors to know different cultures from was awarded the presti- rescued almost tection whatsoever. around the world. “Kuwaiti art, particularly the one gious Nobel Peace Prize, Moreover, since they have that shed light on heritage and events prior to the along with Pakistani 87,000 children no voting rights, political discovery of oil, was well known in the Arab world, activist Malala Yousafzai, interest in child issues is especially in UAE,” Faraj said. “for their struggle against minimal.” Meanwhile, Mansour said these gatherings high- the suppression of children Satyarthi said once we light Kuwait’s popular and cultural heritage, affirming and young people and for have a legally binding con- on Sharjah’s honoring of Kuwaiti actors and artists in the right of all children to vention, then there are sev- many occasions. In the meantime, Ahmad praised the education.” eral mechanisms for monitoring its implementation, artistic galleries in the event, noting on the exception- In addition to child labor and slavery, he has been but his foundation has gone a step further in seeking al singing shows. UAE and Kuwait singing heritage an active campaigner for children’s rights on several added provisions that would include a global task were brilliant, and was unique in terms of melodies, fronts, including all forms of violence against children, force having extra-territorial jurisdiction and could KUWAIT: Nobel Peace Laureate Kailash Satyarthi using old folk musical instruments. —KUNA such as sexual abuse, rape, health, malnutrition and be hosted by any UN agency. Also, a global helpline speaks during an event in Kuwait organized by others. The Kailash Satyarthi Children’s Foundation that will help track down syndicates anywhere will be TakMinds, a new platform launched by Takreem. that was set up after he received the Nobel Peace crucial in the monitoring process. — Photo by Reaven D’Souza Prize in 2014 has been at the forefront of fighting for Regarding the notion that child labor is directly the protection of children everywhere. linked to poverty, Satyarthi disputed this by pointing Speaking to the media after the event, Satyarthi out that there are almost 210 million jobless adults biggest impediment in child education; if children are pointed out that there was a lot left to be done to who can easily replace the 150 million children work- not able to get quality education then they will be protect children’s rights everywhere, and that new ers, so every single child laborer is working at the poor for the rest of their lives, adding that if one has legislation was required to safeguard these rights. “In cost of an adult. to get rid of poverty, then education is very important. the 35 minutes following the awarding of Nobel Peace “There are studies in many countries including Globally, $22 billion are required annually to Prize in 2014, the issue of children’s rights received India that indicate that most child laborers belong to ensure primary education, and $39 billion would be more global recognition than what I could do in 35 parents who are not able to find work for even 100 required to ensure education up to secondary grade. years,” he said. days. Children cannot form unions, they are vulnera- “We have to prioritize education to see the social Satyarthi pointed out that all these are new initia- ble and get exploited, so there is a parallel between change and gender justice,” he said, pointing out that Kuwaiti actors Saad Al-Faraj (right) and Mohammad tives that have never been undertaken in the past. adult unemployment and child labor,” he pointed out. governments are the main stake holder followed by Al-Mansour. “Some of the policy successes and accomplishments Elaborating on this, he added that child labor is the the corporate sector. Established 1961
InternationalWEDNESDAY, NOVEMBER 21, 2018 Pakistan summons US envoy in protest
US mulls adding Venezuela to ‘terror sponsors list’ Page 8 Page 9
TEHRAN: Iranians carry placards as they demonstrate in front of the UN office in Tehran yesterday in support of the Yemeni people. The World Health Organization says nearly 10,000 people have been killed in Yemen since the Saudi inter- vention in March 2015, but rights groups believe the toll may be five times higher. — AFP Battles flare as UN prepares for Yemen talks Fresh fighting shakes the flashpoint city of Hodeida
SANAA: UN envoy Martin Griffiths was preparing yes- fired artillery. Pro-government forces struck back, sup- the Houthis to seek a negotiated settlement in Yemen, its allies intervened in the war to bolster Yemeni President terday to head to war-torn Yemen to lay the groundwork ported by warplanes from the Saudi-led coalition which where millions are on the brink of starvation. It also calls Abedrabbo Mansour Hadi. Both parties in the Yemen for peace talks in Sweden, after fresh fighting shook the launched a dozen raids, the sources said. According to for a large injection of foreign currency into the economy conflict stand accused of acts that could amount to war flashpoint city of Hodeida. Griffiths - whose efforts at Houthi-run media, clashes lasted up to four hours and to support Yemen’s collapsing currency and for salaries crimes. Human Rights Watch yesterday called on France kickstarting peace talks failed in September - is again try- resulted in fatalities. The city was relatively calm yester- of civil servants, teachers, and health workers to be paid to address laws-of-war violations with the UAE - a key ing to get the Iran-aligned Houthi rebels and the Saudi- day morning, according to an AFP correspondent who within a month. member of the Saudi-led coalition - during Crown Prince backed government to the negotiating table by the end of spoke to residents by telephone from Khokha about 100 Mohammed Ali Al-Houthi, head of the Houthi rebels’ Mohammed bin Zayed Al-Nahyan’s visit to Paris on the year. He is expected to meet with Houthi officials in the kilometers away. Higher Revolutionary Committee and an influential politi- November 21. “If President (Emmanuel) Macron is truly capital Sanaa today. Both sides have in the past week cal figure, tweeted on Monday that he wanted his group concerned about the humanitarian crisis in Yemen, he expressed their support for the envoy and his mission to Call for truce to announce “readiness to suspend and halt all military should tell the crown prince that France will stop selling hold talks in Stockholm, but fierce clashes erupted in the On Monday, Britain presented to the UN Security operations” and stop firing missiles on Saudi Arabia. weapons to the UAE if there’s a real risk of their unlawful Red Sea city of Hodeida late Monday after a lull. Council a draft resolution urging an immediate truce in Saudi Arabia also lent its support to new talks. Saudi use,” Benedicte Jeannerod, France director at Human Military officials said that the battles were the worst Hodeida city, whose port serves as an entry point to King Salman told the Shura Council, his country’s top Rights Watch, said in a statement. since loyalists halted an offensive last week, and were nearly all imports and humanitarian aid to the impover- advisory body, that Riyadh also backed a “political solu- Although western governments have condemned civil- concentrated in the eastern part of the city where rebels ished country. The draft, circulated by Britain to the 14 tion” and a “comprehensive national dialogue” in Yemen. ian deaths in Yemen, they remain political and military other council members Multiple past attempts to hold negotiations between the backers of Saudi Arabia, which is a regional ally and and seen by AFP, sets a government alliance and Houthis have failed. Griffiths said spends billions of dollars on arms from the United States, two-week deadline for the on Monday he hoped the rivals would meet in Sweden Britain and France. The World Health Organization says warring sides to remove “within the next few weeks”. No date has yet been set. nearly 10,000 people - mostly civilians - have been killed all barriers to humanitari- in Yemen since the Saudi intervention in March 2015, but an aid. The proposed res- ‘Stop selling weapons’ rights groups believe the toll may be five times higher. olution would significantly The Houthis have controlled Yemen’s capital Sanaa The war in Yemen - already one of the world’s most ratchet up pressure on the since capturing it in late 2014, when they also took con- impoverished countries - has left the nation on the edge Saudi-led coalition and trol of Hodeida and its port. A year later, Saudi Arabia and of mass starvation. —AFP
Congress party of fanning the vio- Indian court lence. India’s top investigating agency had blamed senior Congress leader Police seize Sajjan Kumar for inciting the mobs, hands down a but he was acquitted by a court in 2013. Sikhs in India make up around mafia villas rare death 20 million people, a little under two percent of India’s population of 1.25 ROME: Italian police yesterday confiscated eight billion people. Worldwide they number luxury villas illegally built in Rome by its most infa- sentence around 27 million. mous and entrenched mafia clan in dawn raids involv- ing some 600 police. City mayor Virginia Raggi, who ‘Lack of evidence’ watched the operation carried out against the NEW DELHI: An Indian court yes- Additional Sessions Judge Ajay Casamonica mobsters, said the properties would be terday handed down a rare death sen- Pandey awarded the death sentence demolished by the end of the year. “Today is an his- tence over anti-Sikh riots in 1984 that yesterday to Yashpal Singh and a life toric day for the city of Rome and for Romans,” said left nearly 3,000 dead following the sentence to Naresh Sherawat, both for Raggi, a member of the anti-establishment 5-Star assassination of Prime Minister Indira murder, rioting and other charges. Movement who has been criticized for not doing Gandhi. Relatives of victims rejoiced in “The court should have sentenced the more to clean up the Italian capital. “We are putting New Delhi after the judge announced other convict to death as well. Its an end to years of illegality and are sending a strong the death sentence, the first since seems like half justice,” one woman statement to the Casamonica clan,” she said. 1996. It follows the setting up of a spe- who lost relatives in the riots told After years of operating in the shadows, the family cial probe in 2015. reporters. “These (convicts) are small leapt to public attention with a lavish funeral for one The 1984 carnage erupted just people. The court should now hold the of its godfathers in 2015. A helicopter dropped rose hours after then-premier Gandhi was big names accountable for the killings.” petals on mourners while posters were strung on the killed by her Sikh bodyguards. It last- The duo were convicted last week of railings of a city basilica which read: “You have con- ed three days with Sikhs raped and killing Hardev Singh and Avtar Singh, quered Rome, now conquer paradise.” The murdered, their homes and businesses two men in their 20s, in south Delhi’s Casamonica family has been associated with crime in torched. The violence across the Mahipalpur during the riots. the south-eastern quarters of Rome for several country but mostly in New Delhi saw Police had closed a case against decades, but the high profile funeral sparked a fierce people dragged from their homes and both men in 1994 citing a lack of evi- backlash with politicians demanding a comprehensive burned alive. Few have been brought dence but it was reopened by the legal assault on the clan. to justice over the massacre, with Special Investigation Team after it In July, 33 members of the group were arrested in government-appointed commissions was formed in 2015. The team is prob- raids on gaudy properties which were filled with gild- in the past failing to prosecute more ing around 60 cases that it has ed mirrors, marbled sculptures of animals and extrav- than a handful of minor cases. Gandhi reopened out a total of 293. The ver- agant, regal furniture. Raggi said some of the villas was shot dead after ordering Indian dict was pronounced in Delhi’s high- confiscated yesterday had been built in areas of troops to storm the Golden Temple, security Tihar Jail due to security archaeological interest. “Some houses had even Sikhism’s holiest shrine in the north- concerns after an attack last week on incorporated whole features of the historic Felice ern state of Punjab. the convicts on the premises of the Aqueduct,” she said, referring to a 16th century city The operation was to flush out sep- Delhi court. Emotional relatives said waterway. Deputy Prime Minister Matteo Salvini, aratists from the minority faith holed they were relieved that “justice has who heads the far-right League party, has promised up inside. Sikh leaders say the death been finally served” and hoped that to join in when the bulldozers set to work on the vil- toll from the pogrom that followed far next up would be two former las. “The party is over,” he said yesterday as he visit- exceeded the official figure of nearly Congress ministers, Jagdish Tytler and ed the police operations room. — Reuters 3,000, and accuse leaders of Gandhi’s Sajjan Singh. — AFP Established 1961 7 International Wednesday, November 21, 2018 North Korea blows up frontline bunkers in Demilitarized Zone The two Koreas pursue a reconciliation drive
SEOUL: Pyongyang blew up 10 guard posts in the Koreas are demilitarizing the border truce village of Demilitarized Zone yesterday as the two Koreas pur- Panmunjom, to leave it manned by 35 unarmed per- sue a reconciliation drive, even while denuclearization sonnel from each side. Officially called the Joint talks stall between the US and the North. The move is Security Area (JSA), the enclave is the only spot one of the steps agreed during the Pyongyang sum- along the 250-kilometre (155-mile) frontier where mit between the South’s President Moon Jae-in and soldiers from the two Koreas and the US-led UN the North’s leader Kim Jong Un in Pyongyang in Command stand face to face. September. The North told the South that it would blow up the 10 facilities almost simultaneously, US blacklists S African Seoul’s defense ministry said, adding that Southern Meanwhile, the US Treasury placed a Russian-born soldiers “observed and con- South African man on its firmed the guard posts were sanctions blacklist Monday completely ruined at the for allegedly helping North announced time”. Korea avoid an international Seoul has been tearing US blacklists embargo on its energy pur- down 10 guard posts of its chases. The Treasury said own, mostly using excavators, South African Vladlen Amtchentsev worked a defense ministry spokesman with Velmur Management Pte said. The North has more of over N Korea and Transatlantic Partners the facilities - which include Pte to buy fuel oil and gasoil both surface structures and to ship to North Korea even underground elements - and though that was forbidden by according to Yonhap news US sanctions. The companies, agency the moves will leave it with around 150 in the which are also accused of laundering millions of dol- area, with the South having about 50. The dovish lars for Pyongyang, have already been placed on the Moon has pursued a policy of engagement with its iso- US sanctions blacklist. lated, nuclear-armed neighbor, in increasing contrast The sanctions forbid Americans or American busi- North Korean leader Kim Jong Un (left) visit the Taegwan factory at an undisclosed location in North to Washington, which insists pressure should be main- nesses from doing business with those named. Their Korea. —AFP tained on Pyongyang until it denuclearizes. property under US jurisdiction is also frozen. The US Despite its name the area around the DMZ is one has used economic sanctions to step up pressure on of the most fortified places on earth, replete with North Korea to give up its nuclear weapons and bal- transfer funds,” said Treasury Secretary Steven Korea, Treasury will continue to enforce and imple- minefields and barbed-wire fences. But under plans listic missile programs. “North Korea depends upon Mnuchin in a statement. “As part of our commitment ment sanctions against any actor that seeks to aid the to ease tensions agreed in Pyongyang, the two the help of criminals and illicit actors to raise and to the final, fully verified denuclearization of North regime’s deceptive practices.” —Agencies
new schools, UNICEF said. “It’s to do Wealth gaps with the conflict, the economic collapse, and lack of investment over the past 20 years. When the quality falls, then chil- affecting school dren themselves march out of the class- room,” UNICEF country director Peter Malaysia’s Najib children in Iraq Hawkins said. “Children are the future of this country, and a growing gap questioned over BAGHDAD: Economic inequality is between the ‘haves’ and the ‘have-nots’ massively affecting whether students in sows discord and is detrimental for chil- war-ravaged Iraq finish school, the dren and for Iraq,” he added. submarine deal United Nations children’s agency The wide-ranging study was the first KUALA LUMPUR: Fallen Malaysian leader Najib warned Monday, urging the fledgling in seven years in Iraq. The country’s Razak is being questioned over the purchase of two government in Baghdad to spend more infrastructure, including its schools, has French-made submarines, an official said yesterday, on education. An economic downturn, been hit hard by conflict, from the US- the latest probe to engulf the former prime minister years of fighting and little government led invasion in 2003 to years of sectarian since his government’s ousting. Najib, his wife and key support has left Iraq’s school system violence and bombings. In 2014, the allies have been hit with a flurry of charges since his lacking, UNICEF found in a new study Islamic State group overran a third of surprise election loss earlier this year as public anger of more than 20,000 families. Socio- the country, implementing its own twist- crescendoed over a series of graft scandals. economic status creates a huge gap in ed curriculum in schools before being Most of the charges have stemmed from the 1MDB who graduates from secondary school - ousted from its urban strongholds last scandal where top officials allegedly looted billions 73 percent for the wealthiest students year. And in recent months, a water crisis NAJAF, Iraq: Iraqi women and children load their donkey carts with bricks at a from a government fund to go on a worldwide spend- compared to just 23 percent of the in the country’s south kept many children brick factory near the holy city of Najaf. —AFP ing spree. But the latest probe centers on a controver- poorest students. at home in fear of contracting diseases. sial $1.2 billion deal signed sixteen years ago when One-third of schools across the To get more children in school, the Najib was defense minister to purchase two children in greater need. Those children Rights Commission, more than 1,050 Scorpene-class submarines. “Najib is being probed country operate multiple shifts in an government must boost its spending on are your future,” Hawkins urged govern- schools across the country have been effort to enroll as many kids as possible, education, one of the lowest rates in the with regards to the purchase of the two Scorpene- ment members. Parliamentary divisions damaged to varying degrees by the class submarines,” an official inside the Malaysian meaning students may get just a few region at just 5.7 percent of total expen- mean Iraq has not appointed anyone to recent violent years. Sixty percent of the diture, UNICEF said. “Ministers: please Anti-Corruption Commission (MACC) familiar with hours of class per day. To improve head the ministries of education or high- country’s 39 million people are under the the ongoing probe, told AFP. “On Monday, MACC use this to target investment to those access to education, Iraq needs 7,500 er education. According to Iraq’s Human age of 24. —AFP officials grilled Najib for four hours over the deal,” the officer added, requesting anonymity. counter-attack and get this business over with,” the president applicant’s pre-trial detention,” it added. Turkey was ordered to The submarine deal has long been mired in con- troversy. French submarine maker-then called added, without elaborating. The Strasbourg-based ECHR pay Demirtas 10,000 euros ($11,492) in damages and 15,000 Erdogan rejects a DCNS-is alleged to have paid more than 114 million enforces the European Convention on Human Rights and is a euros towards his legal costs. The HDP is repeatedly accused by euros ($134 million) in kickbacks to a shell company European court’s body of the Council of Europe (CoE), of which Turkey has been a Ankara of being the political front of the outlawed Kurdistan linked to Abdul Razak Baginda, a close Najib associ- member since 1950. Workers’ Party (PKK), which the second main opposition party ate who brokered the deal. Razak Baginda’s After Erdogan spoke, a CoE spokesman said: “Under Article denies. Mongolian mistress Altantuya Shaariibuu, who was ‘non-binding’ ruling 46 of the Convention all member states are bound by the rulings The PKK is proscribed as a terror group by Ankara and its said to have demanded a cut for translating during of the Court.” The ECHR earlier yesterday said while it accepted Western allies. Demirtas faces up to 142 years in jail if convicted negotiations, was shot dead and her body blown up ANKARA: President Recep Tayyip Erdogan yesterday rejected a that Demirtas had been arrested on “reasonable suspicion” of of other charges relating to alleged links to PKK militants. He was with military-grade plastic explosives near Kuala European Court of Human Rights’ ruling that Kurdish leader committing a crime, the court criticized the reasons for keeping in September sentenced to four years and eight months for dis- Lumpur in 2006. The case sank off the radar after a Selahattin Demirtas should be released, saying Turkey was not him in jail. The extension of his detention - through an April 2017 seminating propaganda on behalf of the PKK. Demirtas and the Malaysian court in 2008 cleared Razak Baginda of bound by the court’s decisions. Demirtas, a former co-chief of the referendum on expanding Erdogan’s powers and June 2018 pres- HDP have repeatedly denied the charges against him, insisting abetting the murder, sparking allegations of a huge leftist pro-Kurdish Peoples’ Democratic Party (HDP), has been idential polls where Demirtas ran as a candidate - was aimed at that he is a target because of his opposition to Erdogan. The cover-up to protect Najib. —Reuters imprisoned since November 2016 over alleged links to Kurdish “stifling pluralism and limiting freedom of political debate”, it said. CoE’s chief Thorbjorn Jagland in February warned Turkey over militants. “The decisions delivered by the ECHR do not bind us,” At the time of his arrest, Demirtas, 45, was a member of par- “casting the net too widely” in the mass crackdown that followed Erdogan was quoted as saying by the state-run Anadolu news liament. “The court therefore held, unanimously, that the respon- the 2016 failed coup, saying the situation had resulted in a back- agency after a meeting of his ruling party. “We will make our dent state was to take all necessary measures to put an end to the log of cases at the ECHR. —AFP Powerful Ethiopian
since being elected to Interpol’s execu- party accuses govt Interpol urged tive committee. Delegates from Interpol member countries will elect a new of ethnic crackdown president to replace Meng Hongwei, to reject Russia who went missing in his native China in ADDIS ABABA: A powerful party in Ethiopia’s govern- September. Beijing later informed ment accused authorities of arresting members of its candidate Interpol that Meng had resigned after ethnic group in a politically-driven crackdown - an being charged with accepting bribes. unprecedented public charge exposing deep rifts at the MOSCOW: A growing chorus of critics The other candidate running is South heart of the ruling elite. The accusation marked growing is calling on Interpol to reject a Russian Korea’s Kim Jong-Yang, the acting tensions between elements in the Tigrayan People’s candidate to lead the organization, over president, and whoever is elected will Liberation Front (TPLF) - a movement that has domi- fears Moscow could abuse the role to serve out Meng’s term until 2020. nated Ethiopia for decades - and new reformist prime target political opponents. The Kremlin minister Abiy Ahmed who has upended politics with a has denounced what it says is “interfer- ‘Political persecution’ string of radical reforms. ence” in the vote, set for today at the Anti-Kremlin figures have raised At least 79 security officers, officials, businessmen close of Interpol’s annual conference in concerns ahead of the vote, including and women, many of them Tigrayan, have been arrested Dubai. Concerns have been raised over Alexei Navalny, the Russian opposition since last week - under what the government said was a Russia’s previous applications for leader who has been repeatedly jailed clamp-down on corruption and mistreatment of prison- Interpol “Red Notices”, or international by authorities. “Our team has suffered ers. Amnesty International and other rights groups have arrest warrants, for those who have from abuse of Interpol for political per- welcomed the arrests. But TPLF chair Debretsion fallen foul of the Kremlin. Russian inte- secution by Russia,” Navalny wrote on SINGAPORE: Interpol vice president Alexander Prokopchuk (left) and and Meng Gebremichael said on Monday the arrests ordered rior ministry official and current Twitter. “I don’t think that a president Hongwei, president of Interpol, attend the opening of the Interpol World Congress under “the pretext of corruption and human rights are Interpol vice president Alexander from Russia will help to reduce such in this file photo. —AFP being used to attack Tigrayans”. The prime minister’s Prokopchuk appears to be the favorite violations.” office did not immediately respond to a request for for the position. In an open letter this The controversy also comes amid comment on Debretsion’s remarks. week, a bipartisan group of US sena- security concerns over accusations of and support for separatists, threatened rior ministry denounced a “foreign Abiy’s rise - as Ethiopia’s first leader from the majori- tors said that choosing Prokopchuk Russian agents carrying out a spy poi- to pull out of Interpol if Prokopchuk media campaign aimed at discrediting ty Oromo group - had transformed decades-old hierar- would be like “putting a fox in charge soning in Britain and attempting to prevailed. Russia’s candidate”. “We consider the chies in the Ethiopian People’s Revolutionary Democratic of a henhouse”. hack the network of the global chemi- The Kremlin dismissed the US sena- politicization of Interpol... unaccept- Front (EPRDF) coalition that was founded by the TPLF “Russia routinely abuses Interpol for cal weapons watchdog. Former US tors’ letter as a “vivid example” of an able,” spokeswoman Irina Volk said. and came to power in 1991. Soon after Abiy was inaugu- the purpose of settling scores and ambassador to Moscow Michael attempt to interfere in the vote. “This is Analysts point out the position of pres- rated in April, he made peace with long-time foe Eritrea harassing political opponents, dissi- McFaul said the candidacy was “worry- interference ... in the election to an ident is largely honorary, with much and started pushing reforms he said were meant to rein dents and journalists,” they wrote. The ing for anyone who believes in the rule international organization,” President greater influence in the hands of the in the military and security services and limit their senators said Prokopchuk has been of law”. Ukraine, deeply at odds with Vladimir Putin’s spokesman Dmitry secretary general, currently Germany’s involvement in the economy - changes that have been “personally involved” in this strategy Moscow over its annexation of Crimea Peskov said. Meanwhile Moscow’s inte- Jurgen Stock. —AFP largely welcomed by Western powers. —Reuters 8 International Wednesday, November 21, 2018 Cows with or without horns? Switzerland votes on Sunday Farmer behind initiative says horns maintain animals’ dignity
PERREFITTE: Switzerland votes this Sunday on an Capaul, who says horns help cows communicate “In Switzerland, cows have never been talked Minister Johann Schneider-Ammann said. issue of national importance that has divided the and regulate their body temperature, wants a 190 about as much as now,” said Capaul, a distinctive fig- Some farmers are opposed. “Our current system Alpine country - whether to subsidize farmers who Swiss franc ($191.65) annual ure with a long grey beard in the stable has advantages, the cows get along let their cows’ and goats’ horns grow naturally. The subsidy per horned animal and hand-knitted red hat, better with each other. If cows have horns, the dan- referendum on preserving the “dignity of livestock” for farmers. When political whose alternative approach ger of injuries to the animals and humans is was initiated by farmer Armin Capaul, 66, a self- lobbying failed, he collected has made him a media star greater,” said Stefan Gilgen, whose 48 cows pro- described rebel. He says that “listening” to his cows over 100,000 signatures to and a household name. His vide 1,000 liters of milk daily to Swiss dairy Emmi inspired his nine-year campaign for cash to fund the trigger a national vote. The ‘Dehorning campaign is opposed by the AG. “Each farm should decide for itself. We have extra grazing space horned animals need and which latest poll says the vote is is safer for government, which says it other problems in agriculture.” In Vaud canton, he hopes will reduce dehorning. too close to call. His cam- would drain up to 30 million Reuters watched veterinarian Jean-Marie Surer “We must respect cows as they are. Leave them paign is likely to garner sup- herd, farmers’ francs from its 3 billion franc dehorn three calves, anaesthetizing each one their horns. When you look at them they always hold port from those who oppose annual agricultural budget, before the procedure that causes smoke and a their head high and are proud. When you remove the dehorning - burning a sedat- and is a burden on the con- burning odor. “Using a very hot iron for seven sec- horns, they are sad,” he told Reuters on his small ed calf’s horn buds with a stitution. “In Switzerland it’s onds, I burned the skin and blood vessels which farm in northwestern Switzerland. Three-quarters of red-hot iron. Critics say it is usual for issues to be irrigate the horn bud, so it won’t grow,” Surer said Swiss cows, who are a national symbol and tourist painful and unnatural but supporters liken it to cas- brought to the people for a vote - every important as he applied disinfectant. “It is painless, they attraction, are dehorned or genetically hornless. trating cats or dogs and argue it is a safety issue. question or less important question,” Swiss Economy didn’t move even an ear.” —Reuters
their studies in debt, on average owing more than Student loan debt $24,000, university data shows. US considers adding ‘Drop in the ocean’ a crippling burden For Sandy Baum, a university professor at the Urban Institute, Bloomberg’s gift is “great” but Venezuela to list of for millions in US “that’s just a drop in the ocean.” His move would have had a bigger impact if he gave money to ‘terrorism sponsors’ WASHINGTON: Michael Bloomberg’s record $1.8 improve the quality of education for more students, billion donation for financial aid to Johns Hopkins in less elite private or public institutions, she told WASHINGTON: The United States is considering University highlights the problem of student debt in AFP, adding that they sorely lack funding. Baum is adding Venezuela to its list of state sponsors of ter- America, which can still be a burden even years not opposed to student loans because for most stu- rorism but no final decision has been made, a per- after graduation. According to the Department of dents, the choice becomes one between not going son familiar with the deliberations said on Monday. Education, 42.2 million Americans were repaying a to university or borrowing to go. Most students’ Adding Venezuela to the list could limit US eco- federal student loan at the end of June 2018 for a loans, she says, amount to between $15,000 and nomic assistance and impose financial restrictions total sum of nearly $1.5 trillion, the largest volume $20,000 but getting $40,000 in debt is not unusual on a country already suffering from hyperinflation, of debt after home loans. Bloomberg, the former for a bachelor’s degree (four years of study). mass migration and shortages of food and medi- mayor of New York, said he was making the gift to The College Board estimates the average cost of cine. Discussions on the issue have moved forward his alma mater to help qualified low- and middle- a four-year course in a private university at in recent days with strong lobbying from income students more easily afford access to uni- $34,740, not counting additional accommodation Republican Senator Marco Rubio, who has long versity in a country where post-secondary educa- and living expenses. Many students take out loans pressed the administration to take a tougher stand tion fees at elite schools routinely exceed $50,000 from the federal government or private lenders. Michael Bloomberg, billionaire and former Mayor of New against the government of Venezuelan President a year, a prohibitive barrier for most families. Some, especially the less wealthy, fall into the spiral York City Nicolas Maduro, the source said. “I was lucky: My father was a bookkeeper who of over-indebtedness when they find themselves A time frame for a decision on whether to add never made more than $6,000 a year. But I was unable to repay their loans. They no longer have Venezuela to the terrorism list had not yet been able to afford Johns Hopkins University through a access to credit, cannot rent a home or buy a car. A donation. It’s needed in our “completely broken sys- determined, the source said. A US official, speaking National Defense student loan and by holding local cable channel this summer launched a game, tem of financing university education by debt,” she on condition of anonymity, said it would be a chal- down a job on campus,” Bloomberg, who also “Paid Off,” in which the participants battle it out to said. For students from low-income backgrounds “it lenge for the Trump administration to provide con- founded the financial news service of the same see who has their student debt cleared. is very important to lower the cost of education” as crete proof linking the Maduro government to ter- name, wrote in a New York Times op-ed. The student debt increases the gap between rich and rorism if it decides to put Venezuela on the list. The donation, believed to be the biggest ever to a uni- Fed worries poor, she said. The NCLC advocates for an increase four countries currently on the list - North Korea, versity, “will ensure that we are able to recruit The problem worries everyone-even the US cen- in the number and size of university scholarships. “If Iran, Sudan and Syria - have been found to “have more first-generation and low-income students and tral bank. “As student loans continue to grow and its possible for people to go to school without repeatedly provided support for acts of interna- provide them with full access to every dimension of incurring debt we are all better off; we don’t have to tional terrorism.” become larger and larger, then it absolutely could the Johns Hopkins experience,” its head Ronald spend money on debt collection and student debt Rubio and two other Republican senators sent a hold back growth,” Jerome Powell warned in March. Daniels said. Currently, 44 percent of students at Joanna Darcus, a lawyer for the consumer protec- doesn’t impair the decision-making on a personal, letter to Secretary of State Mike Pompeo in the institution in Baltimore, Maryland, complete professional or financial level,” she added. —AFP September urging him to name Venezuela a state tion organization NCLC, welcomed Bloomberg’s big sponsor of terrorism and accusing it of links to Lebanon’s Hezbollah militant group and the Revolutionary Armed Forces of Colombia, or FARC, “We had to do something to show our displeas- period in which the two sides hope to agree a but they offered no proof. The Trump administra- British PM’s N Irish ure,” DUP Brexit spokesman Sammy Wilson told new trading relationship. tion has levied several rounds of sanctions against the BBC. Without the support of the DUP’s 10 But the DUP and many Conservatives are out- Maduro’s Socialist-led government since 2017, MPs, the Conservatives have no majority in the raged by the “backstop” plan that would keep accusing it of undermining democracy. On Nov 1, allies up pressure; Commons, the 650-seat parliamentary chamber Britain in the EU’s customs union, and Northern President Donald Trump signed an executive order which will have the final vote on the Brexit deal. Ireland in elements of the single market, if this aimed a disrupting Venezuela’s gold exports. Brexit row rages This raises the risk that Britain ends its four- trade deal is not ready by then. This is intended as Venezuela’s Information Ministry did not immedi- decade membership with the EU on March 29, an insurance plan to keep the border open ately respond to a request for comment. —Reuters LONDON: British Prime Minister Theresa May 2019, with no other arrangement in place. Labor between Northern Ireland and EU member Ireland gathers her new-look cabinet yesterday, facing minister John Trickett said: “We no longer have a if and until the new trade arrangements resolve the some relief from party plotting over Brexit but functioning government. With Brexit only a few issue. Wilson said the DUP’s defiance was under fresh pressure from her Northern Irish months away, something has got to give.” “designed to send a message to the government: allies. The Conservative leader holds her first cabi- ‘Look, we have got an agreement with you but you A Mississippi runoff: net meeting since two ministers quit last week Broken promises have got to keep your side of the bargain other- over the divorce deal with the European Union, In an interview with the BBC yesterday, Justice wise we don’t feel obliged to keep ours’. Democrats seek final raising fears the government might collapse. Minister David Gauke sought to reassure the “She (May) has broken all of those promises Eurosceptic members of May’s divided party DUP, saying the Brexit deal was “the best option — to the people of the United Kingdom, to her twist to US midterms seized the moment to launch a leadership challenge, for us” and delivered on the 2016 EU referendum. own party and to the people of Northern but days later, have yet to muster the support needed “I hope that the DUP and the others will look at Ireland.” Talks are still continuing in Brussels for a no confidence vote. Many MPs still oppose the WASHINGTON: The final twist in the US midterm elections the details of the deal and see this is the right over an outline agreement on future trade ties, may emerge in Mississippi, where a Senate race that should Brexit deal, however, including the Democratic way forward for the country, given the damage which will be presented to MPs alongside the have been easy winnings for Donald Trump’s party is headed to Unionist Party (DUP), which props up May’s govern- that would be done to us as a country were we divorce package, likely early next month. May a runoff, after multiple stumbles by the Republican incumbent. ment - and which late Monday used a budget vote to not to have a deal, or were we to find that the herself is preparing to head to Brussels this week The president is counting on the reliably Republican stronghold flex its muscles. The Northern Irish party abstained on referendum result couldn’t be delivered,” he said. for talks with European Commission president in the Deep South, where political battles are rarely on the three votes, despite their deal to support the The deal agreed with the EU last week covers Jean-Claude Juncker. She will then return on national radar, to give him some breathing room with his majori- Conservatives on finance matters, and even sided with Britain’s financial settlement, expatriate citizens’ Sunday alongside the other 27 EU leaders to sign ty in the 100-member Senate. The runoff is looking increasingly the opposition Labor party on a fourth. rights, and a 21-month post-Brexit transition off the Brexit deal. —AFP important for Trump. On election night, he could have argued that his Republicans held their ground, as Democrats eked out a win in the House. But as results were tallied in the weeks since, Democrats now appear to have won about 40 House seats, their strongest killed after he declined to shake Guzman’s hand at a victory in decades, and managed to hold their own in the Senate ‘El Chapo’ killed a meeting, Zambada said. The 2004 killing, according despite an unfavorable election map. Aware of the potential that to Zambada, fueled a war between the cartels. the November 27 runoff goes badly for Republican Senator Zambada said another target was a corrupt police Cindy Hyde-Smith, Trump has scheduled election-eve rallies man who refused official, identified only as Rafita, who worked for with her in two cities in Mississippi, a state Trump won by near- rival drug lord Arturo Beltran Leyva. Zambada said ly 18 percentage points in 2016. The tight Senate race in Florida a handshake assassins working for El Mayo and Guzman killed flipping to the Republicans helped improve the narrative for Rafita after luring him out of his house by pretending Trump. If the party keeps Mississippi, Republicans will widen NEW YORK: Joaquin “El Chapo” Guzman was a ruth- they had hit his young son with a car. “The boy didn’t their narrow pre-election 51-49 majority to 53-47. less killer who ordered the murder of a man who had even realize that anything happened,” Zambada said. But out of nowhere, Mississippi may now be in play thanks refused to shake his hand at a meeting, a prosecution “He just kept going on to school.” to Hyde-Smith, who was appointed this year to fill a vacancy witness told jurors at Guzman’s US trial on Monday. Zambada admitted under cross-examination by but has stumbled badly on the campaign trail in recent weeks. In Jesus Zambada, the brother of Ismael “El Mayo” lawyer William Purpura that aspects of his account praising a supporter, Hyde-Smith said she would be “on the Zambada who was Guzman’s alleged partner in running may have changed. However, he maintained that his front row” if he invited her to attend a “public hanging.” Many the Sinaloa Cartel, gave his most dramatic testimony court testimony was true. Among examples of bridled at the comment, all too aware that Mississippi lynched Guzman’s deeds, Zambada had told jurors that more African Americans than any other state. Days later, she after three days on the witness stand as he described Guzman was among the investors in a 20-ton cocaine told a small crowd that laws that “make it just a little more diffi- Guzman’s involvement in a series of murders. cult” for some liberal college students to vote are “a great idea.” In a cross-examination, one of Guzman’s defense shipment intercepted by the US Coast Guard as it Hyde-Smith, 59, said her lynching remark was an “exagger- lawyers launched an attack on Zambada’s credibility, was leaving Panama in 2006. Confronted by Purpura, NEW YORK: This handout photograph shows ‘El Chapo’ Guzman ated expression of regard,” and that her voter suppression line highlighting inconsistencies between his testimony Zambada conceded that he may not have mentioned Loera’s .38 Super pistol encrusted with diamonds on the handle was a joke. But her gaffes have clearly shaken up the cam- and his original statements to US prosecutors. Guzman as an investor in earlier statements he made and his initials ‘JGL’, which was used as an exhibit by govern- paign. “She’s trying really hard to turn this into a race,” profes- Guzman, 61, was extradited to the United States in to US authorities. ment prosecutors during Guzmaan’s trial in Brooklyn federal sor John Bruce, who chairs the political science department at January 2017 and is accused of directing massive Zambada had also testified that he helped arrange court. —AFP the University of Mississippi said. If Democratic challenger shipments of cocaine, heroin, methamphetamine and for a helicopter to save Guzman from recapture fol- Mike Espy, a former congressman and the first African marijuana. He is on trial in Brooklyn federal court, lowing his 2001 escape from a Mexican prison. and extradited to the United States in 2012. Guzman American to represent Mississippi in Washington in more than charged with 17 criminal counts, and faces life in Under cross-examination, he admitted that he might was one of the world’s most wanted fugitives until he a century, manages to oust Hyde-Smith, “it will be an upset of prison if convicted. not have mentioned the helicopter when he first was captured in January 2016 in his native Sinaloa, the status quo the likes of which we haven’t seen” in decades, Guzman had ordered Rodolfo Carrillo, a member described the escape to authorities, though he insist- after twice escaping prison. His trial is proceeding Bruce added. —Reuters of the rival Juarez Cartel and brother of its leader, ed the story was true. Zambada was arrested in 2008 under heavy security. —Reuters Established 1961 9 International Wednesday, November 21, 2018 Beijing pioneers citizens’ points system critics brand ‘Orwellian’
A ‘social credit’ system to monitor citizens, businesses
BEIJING: Beijing’s municipal government will assign channel” and those who are blacklisted being “unable citizens and firms “personal trustworthiness points” by to move a step”. “This is an important novel approach 2021, state media reported yesterday, pioneering by Beijing to assess individuals’ credit and tie it to their China’s controversial plan for a “social credit” system whole life,” an unnamed official from the municipal state to monitor citizens and businesses. The system’s rollout planner said, according to the Xinhua news agency. has attracted international headlines, sparking compar- The plan should serve as an example to the rest of isons to George Orwell’s novel “Nineteen Eighty- the nation for how to improve the behavior of individu- Four”, with critics saying it could massively heighten als and businesses, Xinhua said. A second system will the Chinese Communist Party’s already strict control also be set up to assess the trustworthiness of govern- over society. ment officials and departments by measuring whether In a roadmap plan released in 2014, China said it contracts and promises are honored, the results of would by 2021 create a “social credit system” to which will be included in performance assessments. The reward or punish individuals and corporations using social credit system, which is being built on the princi- technology to record various measures of financial ple of “once untrustworthy, always restricted”, will credit, personal behavior and corporate misdeeds. But encourage government bodies to share more informa- it had not made any mention of using points, as pro- tion about individual and business misdeeds in order to posed by Beijing’s municipal government in a new plan coordinate punishments and rewards. released on Monday to improve the city’s business Some experts say that the system remains nascent environment. Lists of data, actions and measures will and could help tackle social problems like fraud or by used to create a trial system of “personal trustwor- food security, as well as noting that punishments are thiness points” for residents and companies in the cap- mostly restricted to industry specific blacklists rather ital. The term used can also be translated as “credit- than a holistic score. A system for penalizing individu- worthiness” or “integrity”. als blacklisted for such offences as failing to pay a The plan did not include details of how the point court-mandated fines that was put in place by the cen- system would work. But, it said, information from the tral government was extended in March. The penalties system could impact market access, public services, include banning offenders from making luxury pur- travel, employment and the ability to start businesses, chases, such as tickets for flights or high-speed rail, for BEIJING: A woman gets her hair cut on a street in Beijing. —AFP with trustworthy individuals being provided a “green up to a year. —Reuters
Pakistani Christian needs a German Pakistan summons passport to leave FRANKFURT: The lawyer for Asia Bibi, a US envoy in protest Pakistani Christian acquitted of capital blasphemy ISLAMABAD: Pakistan summoned the US Charge d’Affaires in charges, appealed yesterday to Germany to give Islamabad yesterday to protest President Donald Trump’s criticism her whole family citizenship to start a new life in of Pakistan’s role in fighting terrorism and the killing of Osama bin Europe. Saiful Mulook told a news conference in Laden. Trump’s comments over the last few days have angered Frankfurt that Bibi was now free but she and her FRANKFURT: Saif-ul-Mulook (C), the lawyer of Asia Bibi, a Pakistani Christian woman who spent Pakistan, including Prime Minister Imran Khan, who on Monday hit family needed a passport to leave the country. Bibi, eight years on death row for blasphemy, speaks during a press conference next to Missio Catholic back by saying on Twitter that few allies had sacrificed or helped 53, was convicted of blasphemy in 2010 over alle- NGO’s spokesman Johannes Seiberl (L) and Mulook’s long-time friend Amjad Ahmad. —AFP the United States as much as Pakistan in its war on terror, suffering gations she made derogatory remarks about Islam 75,000 casualties. after neighbors objected to her drinking water The friction threatens to worsen already fragile relations from their glass because she was not Muslim. The daughters were not seeking to leave Pakistan with sought refuge in the Netherlands after being threat- between Islamabad and Washington, on-off allies which have Supreme Court acquitted her last month. “The Bibi, he added. German officials have said that they ened for taking on Bibi’s case, said Bibi had no pref- repeatedly clashed over the war in Afghanistan and Pakistan’s whole world is asking why she’s not coming,” and a number of other countries are in talks with erence as to which country she would travel to for alleged support for Islamist militants. Foreign Secretary Tehmina Mulook told reporters. “The answer is first that to Bibi’s family and the Pakistani government to find a asylum. The German government had no immediate Janjua called in US envoy Paul Jones “to register a strong protest leave a country you need a visa or you require a way of rehousing her. Mulook, who has himself comment on the request for a passport. — Reuters on the unwarranted and unsubstantiated allegations made against passport of another country.” Pakistan”. Pakistan’s Foreign Ministry said in a statement. Over the “If the German chancellor directs her ambas- weekend, Trump said in an interview Pakistan doesn’t “do a damn sador to give a passport to her, her husband and thing” for the United States despite billions of dollars in US aid, and her two daughters conferring German nationali- alleged Pakistani officials knew of former Al-Qaeda leader bin ty, nobody can stop her for one second because India ammunition depot blast kills 6 Laden’s location before his killing by US troops in a raid inside she is no longer Pakistani,” he added. “So far, no Pakistan in 2011. government has come forward in such an open MUMBAI: An explosion at an ammunition Ten others were injured in the blast in the On Monday, Trump tweeted again and doubled down on those and free manner,” he said. It was unclear why dump in India killed six people Tuesday, police town of Pulgaon in Maharashtra state. India’s claims. “Rejecting the insinuations about OBL, Foreign Secretary citizenship, rather than a visa, was necessary for said, underscoring concerns over the country’s armed forces have a history of fires and other reminded the US (Charge d’Affaires) that it was Pakistan’s intelli- her to leave Pakistan, though Mulook said pres- handling of military equipment. Staff were dis- accidents which are often blamed on lax safety gence cooperation that provided the initial evidence to trace the sure from religious extremists was making it posing of Russian anti-aircraft shells out of pro- standards. Two years ago a blast at the same whereabouts of OBL,” the ministry said. Yesterday, Pakistan army harder for Islamabad to arrange her departure. duction since 2014 when a box was dropped facility in Pulgaon killed 18 people, including chief Qamar Javed Bajwa, without mentioning Trump, said “Pakistan She and her family are staying at a safe house in and exploded, the Times of India reported. two senior army officers. The depot, one of the has done much more for peace in Afghanistan” than any other Pakistan, despite offers of asylum from countries “While the workers were unloading a crate of country’s largest that stores bombs, grenades country. “We have paid the highest military, economic, political and including Canada. ammunition it bumped on the ground, trigger- and other ordnance, was built during World social cost and the world should acknowledge that,” Bajwa added, Mulook said the status of a friend of Bibi’s hus- ing an explosion which killed four of them on War II. In 2013, a fire on the submarine INS according to comments released by military spokesman Major band, who has a wife and five daughters, whom he the spot. Two others died on their way to the Sindhurakshak in Mumbai sank the vessel and General Asif Ghafoor. —Reuters would like to join them, was a sticking point. hospital,” senior officer Nikhil Pingle said. left 18 sailors dead. —AFP Another wife of Bibi’s husband and her three 10 Established 1961
Analysis Wednesday, November 21, 2018
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Why Danske Bank scandal is a problem for Putin he ever-widening Danske Bank money laundering scandal, involving 200 billion euros ($228.5 billion) of T“suspicious transfers” over eight years, is not only a disaster for the reputation of Denmark and its largest bank. It also points to the deep institutionalized corruption in Vladimir Putin’s Russia - and the political challenge facing the president himself. The investigation of Danske Bank’s branch in Estonia, the former Soviet state through which the money flowed, is getting fresh scrutiny as whistleblower Howard Wilkinson testifies before the European and Danish parliaments this week. Wilkinson, the former head of the bank’s trading unit in the Baltics, told a Danish parliamentary hearing Monday that several other major banks were involved in processing suspicious payments. But the broader lessons of the scandal might be as much Can US-China relations be saved? political as financial. The fact that many Russians - not just billionaire oligarchs - were laundering money through Estonia makes it clear that money laundering is a survival t the Asia-Pacific Economic his speech, Xi sought - as he has since proponent of starting negotiations with a in the South China Sea, saying Beijing mechanism for Russian businesses and low-paid bureau- Cooperation meeting on Saturday the Davos World Economic Forum annual show of force before moving to a deal. was already “in possession” of the area. crats. Putin has not made serious efforts to stop the flow, Aafternoon, Chinese diplomats meeting last year - to paint China as the Alternatively, that meeting could simply The comments - ahead of a visit from Xi - seeing the flight of capital to the West as an escape valve arrived unexpectedly at the Foreign defender of globalization and free trade highlight growing differences, as seen was seen at odds with many within the for individuals trapped in a corrupt order. Time may be run- Ministry of host Papua New Guinea. in the face of Trump and growing with Trump’s acrimonious spat with Filipino military and wider political estab- ning out for that approach, however, as Russia’s economy Angry at Papua New Guinea’s support for American protectionism. Beijing has lent French counterpart Emmanuel Macron lishment, desperate to counter Beijing’s falters and laundering becomes harder to hide. American wording in the meeting’s final more than $1.2 billion to the Pacific during the World War One truce com- gradual militarization and occupation of The laundering operation - involving 15,000 “non-resi- communique, they only left after police islands, roughly a third of that to Papua memoration ceremonies on Nov. 11. disputed reefs and atolls. dent” customers - served primarily a Russian market, were called, Australian and other media New Guinea, and was counting on the Within Washington and Beijing, many While the trade dispute remains the according to a report released by Danske Bank. The opera- reported. summit to demonstrate the reach of such believe their countries are locked in a preeminent driver of US-China tensions, tion grew out of two Estonian banks created in 1992 Chinese officials denied the reports, “soft power.” likely worsening multi-decade face-off. it may be these military confrontations expressly to service a client base of retail and corporate saying suggestions they had tried to bully Instead, its heavy-handed tactics - It’s a situation that leaves nations in the that prove the most dangerous. Military Russian customers by moving money from rubles into officials from the smaller nations were including banning non-Chinese journalists middle forced to pick a side - and often links between Washington and Beijing another currency and sending the proceeds to a third “simply untrue.” But the reported face-off from Xi’s meeting with regional leaders - divided on how to do so. It’s also a grow- have soured substantially in recent country. In recent years, Danske Bank saw 90 percent of dramatically underscored how a gather- seems to have backfired. China found ing challenge for international and partic- months, with US Defense Secretary the pre-tax profits of its Estonian operation from these cus- ing that had hoped to ease tensions itself at odds with almost all the other ularly Western firms whose business James Mattis canceling a visit to Chinese tomers - virtually all of it from payment and foreign between Beijing and Washington’s allies nations at APEC, while US Vice President model leaves them little choice but to counterparts and China disinvited from exchange transactions. in the region looks to have inflamed them Mike Pence’s speech made it clearer than work across the world. the major US-led RIMPAC exercise this The Estonian bank is just one part of a much larger instead. Two weeks before a landmark ever that Washington now intends to In June, Chinese officials explicitly summer. Perhaps even more seriously problem. Some 177 Danske Bank customers in Estonia, the meeting between US President Donald oppose and offer its own alternatives to warned US executives their firms risked than their posturing over the South China report reveals, were Russian nationals previously identified Trump and Chinese counterpart Xi China’s landmark Belt and Road initiative, becoming victims of growing tensions Sea, both nations appear to be doubling as part of the “Russian Laundromat,” a money laundering Jinping at the G20 in Argentina - and just which promotes expanding ties between with the United States over trade; Chinese down over Taiwan, considered by Beijing platform siphoning money out of Russia through a days after Trump said a list of 140 trade Asia, Africa and Europe, including billions firms in the US have also felt mounting a rogue province. Moldovan intermediary. The “Laundromat” customers were concessions offered by Beijing was “not of dollars in infrastructure investment. pressure. Both Washington and Beijing are It’s a dynamic that has the region wor- companies registered in the UK or tax havens like Belize acceptable to me yet” - the world’s two The United States and key regional also increasingly open about pressuring ried and unsettled - but unsure how to and the British Virgin Islands, as are the bulk of the largest economies are now more at log- allies Japan, Australia and New Zealand other countries - in October, US act. Japan has been the most obvious Estonian bank’s non-resident customers. gerheads than ever. are now being increasingly naked in their Secretary of State Mike Pompeo advised example of a country independently try- Two hundred billion euros is a substantial sum of money, This weekend’s APEC meeting was the own use of economic clout. Sunday saw Panama and other Central and Latin ing to improve its own relations and but only a fraction of the estimated $800 billion held off- first time in its 29-year history that the signing of a multi-million dollar American states against deals with China. diplomatic channels to Beijing. Events at shore by rich Russians. To put this number in perspective, it regional leaders failed to agree to a com- agreement between Papua New Guinea In nations as disparate as Venezuela, APEC will make that ever harder - as will is equal to the current wealth of all Russian households. munique, largely over stark differences in and the four states to invest millions in Sri Lanka and the Philippines, politics is newly heightened rhetoric and weapons Much of this enormous sum has been secretly transferred wording over trade. It comes following electricity infrastructure, seen a deliber- becoming increasingly polarized between testing from North Korea, perhaps a sign out of Russia during the Putin years, evidence that money heightened confrontation between US ate move to counter Beijing and safe- Beijing-backed authoritarians and more a more isolated China now feels less laundering is not occasional criminality but an integral part and Chinese forces in the South China guard US and Australian military bases. pro-Western elements - a dynamic with bothered when it comes to restraining of the economic system. Sea, tensions over Taiwan and a widely- How this will play out at the G20 is not increasingly geopolitical overtones. Last Kim Jong Un. At the end of the month, reported warning from a former senior a foregone conclusion. After Pence’s week, Filipino president Rodrigo Duterte Trump and Xi will have the opportunity Soft currency US military official that the two countries unambiguously aggressive posture at - who explicitly courted China after the to reverse their increasingly dangerous Some context: The Russian ruble is a soft currency, one would likely be at war within 15 years. APEC, Trump could take a more concilia- Obama administration condemned a drug path. If they cannot do so, all sides may that constantly loses value through inflation and govern- Overall, the summit looks to have been tory approach with Xi in Argentina. The crackdown that saw hundreds of extraju- face some very unpleasant surprises to ment mismanagement. To preserve value, soft currency res- a major diplomatic failure for Beijing. In US president has, after all, long been a dicial killings - criticized US naval activity come. —Reuters idents convert their cash into hard currencies like euros, dollars or pounds sterling. Laws are broken when banks convert soft cash - often illegally obtained or of suspicious The firm surveyed 17 bitcoin payments mentioning APEC five times and Indo-Pacific origin - from countries that limit citizen’s access to hard Bitcoin for processors, including Atlanta-based BitPay, one APEC fails 41 times in his APEC speech on Saturday. currencies. of the biggest. Most merchants that accept bit- Without mentioning China by name, the US Let’s walk through a hypothetical transaction, one that coin do not do so directly, instead using interme- State Department sought to cast the blame might have been used by some of the Estonian bank’s cus- payments a diaries like BitPay to covert bitcoin to fiat cur- to live up for the lack of a communique elsewhere, tomers. Suppose a mid-level bureaucrat has a billion-ruble rencies. Comprehensive data on bitcoin used for lamenting what it characterized as the unwill- project ($16 million). He asks a supplier to inflate an invoice; distant dream payments is patchy, as trades with other curren- to its name ingness of some to sign on to a statement instead of billing for the ruble equivalent of $1 million, the cies tend to be included along with its use for agreeing to promote free and fair trade. “It is supplier bills for $1.5 million. The supplier sends the excess commercial payments. That said, separate fig- unfortunate that not all economies - despite he use of bitcoin for commercial pay- he C in APEC stands for Cooperation. But to an Estonian account at Danske Bank controlled by the ures for individual payments processors reflect their rhetoric - could support these posi- ments has dropped dramatically this year, when the two biggest members are fight- bureaucrat. the downward trend. At Vancouver-based tions,” it said in a statement. even as the original digital coin starts to ing a trade war and using the forum to The rubles are converted into dollars at an unfavorable T Coinpayments, for example, incoming and out- T Speaking in Beijing on Monday, Chinese fulfill one of the basic features of any payment attack each other’s policies, it was always going exchange rate (money laundering is not cheap). Then the going transactions slumped by more than half Foreign Ministry spokesman Geng Shuang said currency: Stability. The value of bitcoins han- to be hard work delivering on that. The week- bureaucrat instructs the Estonian bank to send the balance between January and October, according to the United States attended APEC in a “blaze of dled by major payment processors shriveled end’s Asia-Pacific Economic Cooperation sum- to a London bank where an account was opened during, blockchain analysis site OXT. “Bitcoin payments anger”, causing disputes and disagreements nearly 80 percent in the year to September, mit in Port Moresby was one of open disagree- say, a UK shopping trip. Fearful that the UK bank might processing is seeing a slow but consistent and damaging the “harmonious atmosphere” of data from blockchain researcher Chainalysis ment, led by disputes between the United States think the payment suspicious, the minister’s legal agent in decline,” said Lex Sokolin, global director of fin- the meeting. “APEC is a platform to deepen shows. That suggests the cryptocurrency is and China over trade, security and which would London orders the money transferred to an account in a tech strategy at research firm Autonomous Next, cooperation, not a place to criticize each other. struggling to mature from speculative asset to a be the better investment partner for the region. location like the British Virgin Islands. But tax havens some- of the data on Coinpayments. China attended to promote cooperation and serious alternative to state-issued money. As APEC approaches its 30th anniversary, times raise governmental regulators’ eyebrows. In order to seek consensus, not to get into a boxing ring,” Months of relative calm in bitcoin prices after the failure to agree on a communique for the make the money look “clean”, it needs to move once more. First decade Geng told reporters. the wild swings of last winter had fuelled hopes first time calls into question its relevance in a Purchasing real estate in London or the United States has Through its first decade, Bitcoin has attract- it would become widely used for payments, its crowded summit calendar and as the Trump been a typical next step. ed a mix of investors, some convinced that it can ‘Not a big deal’ intended purpose. administration makes clear its aversion to multi- Meanwhile back home, the billion-ruble project is reshape global finance by displacing traditional Founded in 1989 with a view to fostering But its collapse in use as a payment currency lateralism. “It does mark the death of APEC’s delayed due to lack of funds. The ministry has to get more means of payments and others attracted by rap- trade and economic ties around the Pacific has instead left big finance and crypto insiders founding trade vision,” Euan Graham, executive funds allocated, and the delay means the bridge, road, new id gains that pushed it close to $20,000 in Ocean, it operated at a ministerial level until eyeing better technological infrastructure to help director of La Trobe Asia at Australia’s La Trobe hospital, whatever, often never gets completed. December. It has since lost three-quarters of its 1993 when US President Bill Clinton established bitcoin take off as a way to pay. “There would University, said on Twitter, adding APEC was Governments have cracked down on these laundering prac- value, falling below $4,500 on Tuesday, burning the annual leaders meeting. Each meeting had have to be a stability requirement if it is to the “most disposable of the regional summits”. tices in recent years. Shell companies that hide the owner’s businesses along the way that had hoped to produced a joint statement at its conclusion, become another form of money,” said Joni Teves, Rather than cooperation, the theme seemed identity are now illegal for expensive real estate purchases profit from growing investor interest. Chip until Sunday. “This is very concerning from a a strategist at UBS in London. “But one thing to be conflict and containment as Beijing and in major markets like New York and Miami; the UK took designer Nvidia Corp, for example, saw its systemic perspective. The WTO faces similar that would take bitcoin into the mainstream is Washington directly criticized each other’s poli- similar action this year. shares fall sharply last week after it blamed dis- challenges,” said Charles Finny, a Wellington- scalability - is it able to process the value or vol- cies and staked their claims as to why they were Banks are also under growing pressure. The US govern- appointing results on unsold chips piling up after based trade consultant and a former New ume of transactions that money tends to do?” the security and investment partner the Pacific ment broke the Swiss secret bank account market in 2010 the cryptocurrency mining boom evaporated. Zealand government trade negotiator. The blockchain technology, where all bitcoin should choose. “It’s not even supposed to be when it required notification of any US citizen’s financial Bitcoin’s relative stability this year has never- In an editorial, Chinese state-run tabloid the activity is recorded and validated, can only binding, it’s APEC,” said one diplomat involved holdings in Switzerland. That regulation proved to be a theless raised expectations that its payments Global Times said the absence of a communique process a fraction of the transactions per sec- in negotiations for the communique, surprised breakthrough - an OECD initiative has now signed up use by both individuals and companies will was “not a big deal”, and placed more signifi- ond that major credit card companies can. That that the members could not agree on what is about 50 countries to pass information among themselves spread. “The lack of volatility is a good step in cance on an upcoming meeting between US renders its mass use impractical. Bitcoin still usually a humdrum summary of issues dis- in the same way. Even some tax havens have signed on. As the right direction that starts to make it viable President Donald Trump and Chinese President endures torrid swings in price, as this week’s 30 cussed. “China and the US hijacked the APEC money laundering becomes harder to hide, Putin is losing for some of the non-retail use cases,” said Xi Jinping. The two leaders are expected to percent plunge shows. For a spell last month, spirit, I suppose.” his escape valve. Making matters worse, international sanc- Zeeshan Feroz, UK CEO of Coinbase, one of the meet at the G20 summit, which starts in though, the cryptocurrency was more stable The United States even preferred its own tions and anemic economic growth for the past six years biggest cryptocurrency exchanges. But both Argentina next week. “It is hoped Washington than US stocks. Despite that growing stability, terminology of Indo-Pacific, which it defines have meant Russians’ real incomes are falling and with- mainstream financial firms and cryptocurrency makes serious preparations for the summit and the value of bitcoin payments collapsed to $96 as running from “the western shores of Latin drawals of hard currency from Russian banks are up entrepreneurs say stability is not enough. To not pin its hopes on exerting pressure,” said the million in September from a December high of America to the furthest reaches of the Indian sharply. —Reuters gain traction, bitcoin needs to be faster and tabloid, which is known for its nationalistic $427 million, the data from Chainalysis shows. cheaper, they say. —Reuters Ocean”, with US Vice President Mike Pence stance. —Reuters Established 1961
WEDNESDAY, NOVEMBER 21, 2018
iPhone demand worries send Nissan shares continueBusiness plunge as Star to fallen idol: The 12ripples through global markets 13 Ghosn faces ouster after arrest 13 rise and fall of Ghosn
Oil and gas tankers wait off shore on November 19, 2018 at the Fos-Lavera oil hub near Marseille, southern France. —AFP Bitcoin value falls below $5,000 Broad selloff gathered steam on the opaque cryptocurrency market
LONDON: The value of bitcoin slipped Monday understand what precisely prompted the latest drop. the currency’s problems have been attributed to its operate as a stock that closely tracks each bitcoin’s below $5,000 (4,366 euros) for the first time since At least some of it has been attributed to a battle business model. Bitcoins are created through a market value. ETFs are one of the most popular October 2017 as a broad selloff gathered steam on the for control of a smaller crypto operator called bitcoin process called computer “mining”. This essentially trading mechanisms and the SEC’s green light would opaque cryptocurrency market. Data compiled by the cash. That currency has split in two — a process involves using massive banks of interconnected give the bitcoin market a massive infusion of outside Coinbase digital exchange showed the world’s most traders describe as a “hard fork” — and who owns it processors to solve complex math problems. The cash. But the SEC has thus far balked out of con- popular virtual currency losing 12.5 percent of its val- at the moment is not entirely clear. Bitcoin cash was computations get progressively harder to crack the cerns about fraud. ue from Friday evening to stand at $4,914.21 by 1930 down around 20 percent on the day. The confusion more bitcoins there are on the market. The electricity Some of the losses since Wednesday have also been GMT Monday. has highlighted what analysts have been warning for costs involved grow as a result. One market estimate linked to a warning from the accounting group KPMG The rout began on Wednesday and has also affect- some years: crypto trading is too unregulated and made last month put the cost of mining one bitcoin at last week about the dangers of viewing bitcoin as a ed widely-traded other cryptocurrencies such as risky to be considered a safe investment for the pub- $7,000. This means market players are currently cre- real currency. “To fulfill the requirements of ‘store of ethereum and ripple. Bitcoin opened trading on lic at large. ating new coins at a loss. value’, cryptocurrencies must be much more stable,” Wednesday at $6,326 and has since seen its market Traders had been hoping to get a big boost with the KPMG report said. “Extending credit in a currency capitalisation fall to less than $90 million for the first ‘Fool’s errand’ the approval by the US Securities and Exchange that risks significant devaluation or borrowing if the time in over a year. The still-nascent sector is not Bitcoin has suffered a painful year of declines from Commission (SEC) of a bitcoin exchange-traded value appreciated beyond the borrower’s ability to pay completely transparent and analysts have struggled to its all-time high of $19,511 in December 2017. Some of fund (ETF). The investment instruments essentially would be a fool’s errand,” said the report. — AFP French police remove fuel including a pension overhaul. New Petrobras Castello Branco, who in the past has spoken in favor of privatizing protesters as Petrobras, on Monday said he had not CEO rules out been tasked with selling off the com- pany but signaled his intention to cut protests wane privatization costs, do away with some of the com- PARIS: French police moved to dislodge pro- pany’s downstream operations and RIO DE JANEIRO: A University of testers blocking roads and fuel depots yester- focus on its core business. “The priva- Chicago-trained economist named on day as the government took a harder line on tization of the company is not in ques- Monday to head Brazil’s Petrobras will the so-called “yellow vest” movement against tion. I do not have a mandate to think not privatize the state-run company, environmental taxes on fuel. Hundreds of thou- about it,” he told the Folha de S Paulo but wants to push ahead with selling sands of people blockaded roads across newspaper, adding that he expected RENNES: A protestor gestures during a traffic slow down operation on the fourth day of non-core assets and to focus on oil France on Saturday wearing high-visibility yel- Brazil’s Supreme Court to approve a action by the “yellow vest” (Gilets Jaunes in French) movement against high fuel prices exploration and production. Brazil’s low vests in a national wave of defiance aimed path enabling the company to contin- which has mushroomed into a widespread protest against stagnant spending power incoming far-right government at centrist President Emmanuel Macron. ue selling assets such as majority under French President. — AFP announced Roberto Castello Branco The disruption underlined the anger and stakes in two blocks of refineries and as the next chief executive of Petroleo frustration felt by many motorists, particularly in a gas pipeline company. Brasileiro SA, amid a debate over how in rural areas or small towns, who are fed up In an earlier interview, with the O the rising cost of living. Several of the injuries be losing steam with only around 10,000 peo- far to pursue asset sales at the indebt- with what they see as Macron’s anti-car poli- Estado de S. Paulo newspaper, he said were caused by motorists trying to force their ple still manning the barricades nationwide, ed company, Latin America’s largest cies, including tax hikes on diesel. Interior BR Distribuidora, Petrobras’ fuel dis- way through roadblocks, but some protesters down from nearly 300,000 on Saturday. by market capitalization. Minister Christophe Castaner has instructed tribution unit, was not a natural fit for have also been accused of intimidating people Further protests are planned at the weekend Castello Branco’s appointment is police to begin breaking up the remaining the company and does not generate or putting their lives in danger. A 32-year-old with some calling for a blockade of Paris. the latest in a string of market-friendly roadblocks, particularly those around fuel returns, sending its shares up almost 6 man with a history of violence was given a The “yellow vest” movement, which began selections by President-elect Jair depots and sites of strategic importance. “We percent as investors bet the govern- four-month prison sentence by a Strasbourg on social media and has won backing from Bolsonaro, many of them influenced can see today that there are real excesses from ment may sell its 70 percent stake in court for endangering lives by forming a opposition parties on both the left and right, by his adviser and future Economy a movement that was for the most part con- the unit. Castello Branco also said he human chain to cross a motorway. accuses Macron of squeezing the less well-off Minister, Paulo Guedes. The appoint- ducted in good spirit on Saturday,” he told would consider all current asset sales, Elsewhere, four men in the southeastern city while reducing taxes on the rich. “It’s about ments have raised hopes among France 2 TV. including that of liquid petroleum gas of Saint-Etienne were arrested and charged much more than fuel. They (the government) investors that the former army captain, One person was accidentally killed and 530 distribution company Liquigas. with planning to take advantage of the heavy have left us with nothing,” Dominique, a 50- who takes office on Jan 1, will deliver people have been injured, 17 seriously, over “Petrobras’ competence is in oil police deployment at the weekend to mount a year-old unemployed technician told AFP at a significant reforms needed to improve four days of protests that have come to exploration and production,” he told terror attack, according to Le Parisien news- roadblock in the town of Martigues, near the Brazil’s creaking public finances, the newspaper. — Reuters encompass a wide variety of grievances over paper. Yesterday, the movement appeared to southern city of Marseille. — AFP 12 Established 1961 Business Wednesday, November 21, 2018 iPhone demand worries send ripples through global markets Oil falls half a percent on global economic worries
LONDON: World stock markets fell on Tuesday as worries Italian budget. Euro zone money markets no longer fully over softening demand for the iPhone prompted a sell-off price in a 10-basis- point rate rise by the European Central by tech stocks around the world, while the arrest of car boss Bank in 2019, indicating growing concern about the eco- Carlos Ghosn pulled down Nissan and Renault. The dollar nomic outlook in the region. sagged on concern about the U.S. economy after home builder sentiment weakened and oil prices fell half a percent Slowing momentum despite OPEC production cuts. Earlier, MSCI’s broadest index of Asia-Pacific shares News around Apple Inc triggered the latest bout of outside Japan dropped 1.2 percent, with Samsung stock market selling, after the Wall Street Journal reported Electronics falling 2 percent. In Japan, Sony Corp shed 3.1 Apple was cutting production for its new iPhones. The percent. Japan’s Nikkei slipped 1.1 percent, with shares of European tech sector sank 2.2 percent, hitting its lowest lev- Nissan Motor Co tumbling more than 5 percent after el since February 2017, following Asian tech stocks lower. Ghosn’s arrest and reports he would be fired from the board Shares of companies supplying chips to Apple suffered. this week. The selloff was compounded by an auto sector drop led Global stock markets have suffered a shakeout in the past by Nissan and Renault after Ghosn, chairman of both car- two months, pressured by worries of a peak in corporate makers, was arrested in Japan for alleged financial miscon- earnings growth, rising borrowing costs, slowing global eco- duct. The broad European STOXX 600 index was down nomic momentum and international trade tensions. Trillions 0.5 percent to a four-week low, and futures trading sug- of dollars were wiped off equities in a particularly torrid gested another tough session was likely in the United October. In currencies, the dollar hovered near a two-week States, with Nasdaq Futures down over 1 percent. low against a basket of currencies. Data released on Monday “Most of Europe had a red session yesterday and that showed U.S. home builder sentiment recorded its steepest has been compounded by the news on Apple and tech one-month drop in more than four years in November. stocks overnight, The overall climate is risk-off,” said The dollar had also been undercut by Fed Vice Chair Investec economist Philip Shaw. “Beyond stocks, the Italian Richard Clarida and Dallas Fed President Robert Kaplan, bonds spread (over German bonds) is at its widest in about who raised concerns late last week about a possible global a month now, and Brexit continues to rumble on - uncer- slowdown. Oil prices lost ground as fears about slower tainty is very much hurting risk sentiment,” he said. global demand and a surge in U.S. production outweighed Italian government bond yields jumped to a one-month expected supply cuts by the Organization of the Petroleum high on Tuesday and Italian banking stocks dropped to a Exporting Countries (OPEC). Brent crude slipped 0.6 per- TOKYO: A pedestrian looks at a stock indicator board showing the share prices of Japanese two-year low, hurt by risk aversion and concerns over the cent to $66.39 per barrel. —Reuters companies. —AFP
have been working with our suppliers for UK plc quite some time to think about how we carry a bit more inventory, how we source supply and how we vary our prepares for menu.” Greece eyes pot of Britain’s vote to leave the world’s messy Brexit as largest trading bloc has created a raft of gold as medicinal challenges for companies, with financial services groups shifting some assets and clock ticks down people to Europe while manufacturers cannabis licensed hunt for storage space to stockpile parts. LONDON: British companies selling Supporters of Brexit say once it has left ATHENS: Greece on Monday issued the first everything from washing machines to the country will be free to negotiate new licenses to private companies for growing medici- flights, food and mortgages plan to trade deals around the world and ditch nal cannabis in the country, part of an attempt to spend tens of millions of pounds in case regulations they say hamper growth. tap a burgeoning market worth billions. Greece the political brinkmanship gripping the But mounting tensions in legalized cannabis for medical use last year and in country leads to a disorderly Brexit. Westminster, where lawmakers from all LONDON: Pro-European Union, anti-Brexit demonstrators wave European Union March lifted a ban on growing and producing it. With barely four months until the world’s parties are opposed to Prime Minister (EU) and Union flags as they protest outside of the Houses of Parliament in Two licenses were granted on Monday, and another fifth largest economy leaves the Theresa May’s Brexit deal, have central London. —AFP 12 will be issued by the end of this year, the European Union, a raft of major compa- sparked fears Britain may leave the EU Economy and Development Ministry said. nies set out plans yesterday to counter with no deal, prompting customs checks “There is huge interest, mainly from Canada and structure and secured new operating AO World said it may need to any trade delays and downturns that that clog up borders and fracture long- Israel ... some of them (potential investors) are licences to enable it to continue flying increase inventory in the short term. It could stem from a no-deal scenario. standing supply chains. Issues being huge,” Stergios Pitsiorlas, the deputy economy into Europe. It is now working to change currently holds enough stock in Britain Electrocomponents, which stocks addressed include stockpiling, changes minister, told a news conference. Legalizing its shareholder base so that by Brexit day for 35 days. Halma, a maker of safety more than half a million industrial and in suppliers and production, and cannabis for recreational purposes is not under more than 50 percent of its investors will equipment for the medical, infrastructure electronics products, said it would spend changes to regulation. consideration, Pitsiorlas said in response to a ques- 30 million pounds ($38.6 million) in the be based in the European Economic Area and resource markets, set out in detail tion. Pitsiorlas said the first medicinal cannabis when excluding Britain. That measure how it could be affected, including high- six months to the end of next March to Ready or not? products were expected to hit the market in about currently stands at 47 percent. er costs and inflation, greater liabilities increase its holding of high-turnover Hours after a handful of companies 12-18 months time. The industry was mainly export- “Basically what me and Andrew for pensions and disruption to its work goods in Britain and Europe. AO World, put out their plans at 0700 GMT, the oriented, he said. Thousands of patients in Greece (Findlay, CFO) are going to do right force, supply chain and regulation. CEO the online electricals and white goods Bank of England had some sobering are thought to use cannabis for a range of serious now after today is continue to go and Andrew Williams said the group had retailer, might increase stock to mitigate words. “I have the impression from talk- medical conditions, though authorities don’t have see European shareholders and talk to some flexibility because its string of supply chain friction while Compass, the ing to businesses (...) that most are not precise figures. them about the story of easyJet,” Chief companies around the world could work world’s biggest catering firm, is looking prepared for a no-deal Brexit, and don’t Several countries, including Britain, Germany, Executive Johan Lundgren told together to share production if required. to build inventory and vary menus know really how to,” Bank policymaker Italy and Denmark, already allow the prescription reporters as he presented results. Many Other companies remained more coy. before March 29. Michael Saunders said. Those companies of medicinal cannabis, and in June Canada became company executives in Britain have pre- The owner of Clydesdale and Yorkshire “We are planning very seriously for with a plan are pushing ahead. the second country in the world, after Uruguay, to viously been reluctant to stray into pol- Bank said the “inherently uncertain” all scenarios,” said Chief Executive British low-cost airline easyJet, which fully legalize marijuana, ending a 90-year ban. itics for fear of angering customers, but environment was casting a shadow over Dominic Blakemore of Compass which carried 88.5 million passengers in its lat- Under Greece’s licensing system, medicinal with time running out they are starting the country’s short term economic provides meals for train customers, hos- est financial year, has changed its legal cannabis products would be available on prescrip- pitals and corporate headquarters. “We to speak out. prospects. —Reuters tion from chemists. It would not be subsidized through state health insurance schemes, Health to provide customers with more benefits. Such enhance- Minister Andreas Xanthos said. Warba Bank ments include increasing the number of winners and the The first licensed cannabis hothouses will be in frequency of the draws. Now, on every Thursday the Bank Larisa in central Greece, and in Corinth in the holds draws for 5 weekly winners of KD 1,000 each. In Peloponnese. The 14 licenses were expected to cre- announces five addition, the Bank continues its monthly draws held on the ate more than 750 jobs and represented about 185 first Thursday of every month, with cash prizes of KD million euros ($212.05 million) in investment. “Our winners of ‘Al 30,000 divided amongst 4 winners: two winners getting message is that the country is open for invest- KD 10,000 each, and two winners getting KD 5,000 each. ments,” said Vassilis Kokkalis, deputy minister of Thus, the new development of Al-Sunbula account has agriculture. Sunbula’ draw increased the total number of winners to 24, and the total amount of prizes to 50,000 KD instead of 30,000 KD. As KUWAIT: Warba Bank, “the Best investment Bank” and for the chances for winning, each customer is eligible to “Best Corporate Bank” in Kuwait, held its week 42nd draw enter the draw against each KD 10. It is noteworthy, that EasyJet for Al-Sunbula account yesterday. The draw announced the Warba Bank has recently launched the Al-Sunbula Fixed 5 lucky winners in the presence of representatives from the Deposit, which provides depositors with high returns of up Ministry of Commerce and Industry and Bank officials. The to 3%, as well as getting monthly chances to win in Al- logs soaring bank proudly announces the lucky 5 winners who received Sunbula Account draws. 1000 KWD each are: Fayez Salem Awad Almutairi, Salem Furthermore, Warba Bank has launched its latest Mohammad Abdulaali Alotaibi, Abdalnaser Hamzah Ali Customer On boarding solution, in line with its ambitious annual profit Alzaid, Helail Sanad Helail Alharbi & Humoud Abdullah five-year strategy that enables non-Warba Bank customers Saleh Aljarwan. to request opening Al-Sunbula account in an easy elec- LONDON: EasyJet’s annual net profit jumped by almost a fifth Al-Sunbula Account is the perfect choice for all cus- on strong sales and record passenger numbers, the British no- tronic manner through the Bank’s website without having tomers who wish to save money and achieve steady returns to visit any of the Bank’s branches, by following 5 simple electronic system used to implement this service. Warba frills airline announced yesterday. Profits after taxation jumped while simultaneously have the opportunity to win cash 17 percent to £385 million ($460 million, 400 million euros) in steps that might take up to 5 minutes. New customers will Staff will then contact the customer to determine the prizes throughout the year. Due to the high traffic on this the 12 months to September, EasyJet said in a statement. The be able to request opening the account at anytime, any- appropriate time to visit the branch to get required signa- total number of passengers rose 10.2 percent to a record high account, for its offerings of unparalleled opportunities, where, and the Bank will receive, process and pass the new tures, verify the customer’s identity, deliver his/her debit of 88.5 million. Pre-tax profit surged 41.4 percent to £578 mil- Warba Bank has worked on enhancing Al-Sunbula account application for approval through whole new and unique card, and activate the account. lion, as revenues rose 17 percent to £5.9 billion. The carrier made a smaller-than-expected loss on its pur- measures, worth 18.6 billion baht ($567 mil- Wajananawat, deputy minister of agriculture ter off buying rubber from farmers at a price chase of Berlin’s Tegel Airport from bankrupt German carrier Thailand to help lion), at a cabinet meeting, but drew criticism and cooperatives, told reporters. Farmers above the market rate. Prime Minister Prayut Air Berlin. “EasyJet has delivered a great performance during from the rubber farmers’ association which already receive some government subsidies. Chan-ocha has appealed to farmers not to the year,” said chief executive Johan Lundgren, who has been said the measures would only help about 1 in Last year Thailand produced 4.5 million stage a protest by promising to help them. In in the job since last December. “Our financial success and rubber farmers 10 farmers. Rubber farmers are a powerful tons of rubber from 20.32 million rai of land 2013, hundreds of rubber farmers staged increasing customer loyalty demonstrate the resilience of our force in Thailand and the government wants and exported 85 percent of the overall pro- protests around the country, blocking roads operations, the underlying strength of our business and our to avoid a repeat of protests seen in 2013. duction. Thai benchmark RSS3 rubber grade and a regional airport in the south. They unrivalled customer experience.” after price slump EasyJet added that it was continuing to prepare for Brexit, The measures will take effect in January
TOKYO: Nissan and Mitsubishi shares plunged Public broadcaster NHK reported Nissan had pro- yesterday after chairman Carlos Ghosn was arrested vided Ghosn with houses in four countries “without any for alleged financial misconduct that reportedly legitimate business reason,” and that Nissan paid “huge included exorbitantly priced houses and diverted sums” for the homes in Rio de Janeiro, Beirut, Paris and compensation. The two automakers have already said Amsterdam. Representative Director Greg Kelly, who they will propose removing Ghosn, and Renault — was also arrested yesterday with Ghosn, reportedly which the titan also heads — said it would meet later ordered other executives to “hide salaries”, the Yomiuri to discuss his fate. Shimbun said. It also reported that some compensation The arrest of the superstar executive sent shock- due to other executives ended up going to Ghosn, waves through the auto industry and beyond, and without specifying how the process had worked. Japanese officials scrambled to send reassuring mes- Local media reported prosecutors had negotiated a sages about the stability of the three-firm alliance that plea bargain for only the second time since Japanese Ghosn oversaw. “Keeping a stable relationship (among law changed this year that would allow Nissan officials the companies) is important,” industry minister who are cooperating to receive lesser charges or Hiroshige Seko told reporters. “As the government, we lighter penalties. The massive scandal prompted Nissan will do anything we can,” added Chief Cabinet shares to plunge, closing down 5.45 percent in Tokyo, Secretary Yoshihide Suga, without elaborating. while Mitsubishi had fallen 6.84 percent by the end of It was a stark indictment on the legacy of the 64- the trading day. year-old, until now feted for his success in turning around failing companies with hard-nosed tactics that ‘It’s all about money’ earned him the nickname “Le Cost Killer” in France. In As Ghosn’s once towering legacy unravelled, there France, the government said it had found no evidence was no word from the auto boss or any of his represen- Ghosn had cheated on his taxes there, though the alle- tatives. Instead, his own handpicked successor as gations levelled by Tokyo prosecutors did not include Nissan CEO accused him of accruing too much power, any claim of tax evasion. A day after the astonishing in a harshly worded news conference on Monday. “Too news of Ghosn’s arrest first emerged, there was vanish- much authority was given to one person in terms of TOKYO: This general view shows the Tokyo Detention House in Katsushika. Sources told AFP on November 20 that ingly little new information about his situation and no governance,” Saikawa told reporters at Nissan’s head- Carlos Ghosn, one of the world’s most influential executives, was being held at the detention center in the capital official confirmation on his whereabouts. quarters. “I have to say that this is a dark side of the belonging to Tokyo prosecutors following his arrest the day before. — AFP However, sources confirmed he was being held at a Ghosn era which lasted for a long time.” detention centre used by Tokyo prosecutors. Television It was an almost unthinkable turn of events for footage showed a van reportedly belonging to the Ghosn, who had earned a virtually unparalleled reputa- end it’s all about money,” the daily quoted senior “extremely vigilant” about the stability of the firm and French embassy entering the compound yesterday. tion, particularly in Japan, for his role in resurrecting employees as saying. its three-way tie-up. Despite his international renown Japanese prosecutors have said Ghosn is being held on Nissan. Ghosn has dominated the country’s corporate Nissan said the ongoing investigation had uncovered and rock-star status, particularly in Japan where he was suspicion of under-reporting his income by around five landscape, and is a well-known figure among the years of misconduct by Ghosn and Kelly but refused to a rare foreign-born executive, Ghosn was not without billion yen ($44.5 million) over five years. Nissan CEO Japanese public, who know him as “Mr Fix It”, partly be drawn on whether other people were involved, say- his detractors. He earned admiration but also anger for Hiroto Saikawa said a months-long investigation through a popular manga comic of his life story. But the ing only: “These two gentlemen are the masterminds, his ruthless restructuring at firms like Nissan. And his prompted by a whistleblower had uncovered years of tables have now turned, with the Yomiuri Shimbun on that is definite.” The news sparked concern in France, pay packet was regularly the subject of criticism, financial wrongdoing, including the under-reporting of Tuesday describing executives at Nissan slamming where the state owns a 15 percent stake in Renault. including at Renault, where it sparked a spat with his salary and misuse of company assets. Ghosn as “greedy”. “He says the right things, but in the President Emmanuel Macron said Paris would be shareholders. — AFP
Ghosn arrest shakes France, What misconduct is Japan alliance TOKYO: Carlos Ghosn’s spectacular fall from Ghosn accused of, how grace is seen by some as a stunning corporate “coup d’etat” stoked by resentment at Japan’s did it come to light? Nissan over a lopsided alliance with French car- maker Renault. The chairman’s shock arrest over TOKYO: Japan was shocked by mation in a plea bargain, implying the alleged financial misconduct on Monday has news that Nissan Motor Co Chairman person may have provided evidence shaken the complex Franco-Japanese coalition Carlos Ghosn, who was widely in exchange for a lighter sentence. between Renault, Nissan and Mitsubishi and respected for rescuing the car maker could be taken as an opportunity for the from near bankruptcy, was arrested How much control did Ghosn have? Japanese to rework it, commentators say. on Monday for alleged financial mis- After becoming CEO of a strug- Resentment in the Tokyo press had already conduct. Nissan said that Ghosn, who gling Nissan in 2001, Ghosn was been brewing over the structure of the alliance, is also chairman and CEO of Renault hailed as the automaker’s savior by which they say gives French carmaker Renault and chairman of Mitsubishi Motors, implementing an aggressive cost- would be fired from his post as cutting plan. Known for his flair and an undue share of the Japanese company’s prof- YOKOHAMA: Nissan Motors CEO Hiroto Saikawa (R) bows at the end of a press conference at Nissan chairman on Thursday. confidence, Ghosn won respect for its. And Nissan CEO Hiroto Saikawa unleashed a the company’s headquarters. — AFP surprising broadside against Ghosn and his his business acumen and for shaking legacy as he announced the firm has been inves- What is Ghosn accused of? up Nissan’s traditional corporate cul- tigating the chairman’s misconduct. “The ten- Greimel, the Asia editor of Automotive News significant contributions to its French counter- Nissan CEO Hiroto Saikawa told a ture, which may have made it difficult sions bubbling under the surface of the Renault- said Saikawa was “leveraging this malfeasance part, which has reportedly caused Japanese packed press conference on Monday to hold him accountable. Ghosn Nissan-Mitsubishi alliance in recent years have as an opportunity to take stronger oversight employees to fume. night that the company had found became CEO of Nissan partner finally burst open in brutal fashion,” David over Nissan”. “This clears the way for Saikawa Renault currently owns 43 percent of that Ghosn had been using corporate Renault in 2005, chairman of Nissan Fickling, a columnist at Bloomberg News, told to put his own stamp on the company and blaze Nissan, while Nissan only owns 15 percent of money for personal purposes and of 2008 and chairman of Renault in AFP. “From the perspective of Japan, the French a new direction,” he added. Renault. The divisions were accentuated in under-reporting his income for years 2009, giving him considerable sway company could resemble a parasite attempting 2015, after the French state temporarily raised in official company filings to the over both companies. On Monday, to control its intrinsically stronger host. “The ‘Nissan wants to be independent’ its stake in Renault — a move that had revived Tokyo Stock Exchange. Another Saikawa acknowledged that too question is whether this bloodshed will be Ghosn has long been a major player in the concern within Nissan. “This could be a coup board member, Greg Kelly, was also much power had been concentrated enough to tame the intra-group tensions.” car industry and is credited with resurrecting d’etat that had been planned in a bid to reject a deeply involved in the misconduct, in Ghosn. “Looking back, after 2005 Japanese prosecutors have said Ghosn is the once-troubled Nissan, which he allied with Renault-initiated business integration with Nissan said. Saikawa said he couldn’t when he became CEO of both being held on suspicion of under-reporting his Mitsubishi and Renault. In the beginning, debt- Nissan,” said Nobutaka Kazama, an expert on elaborate as the cases are being Renault and Nissan, we did not really income by around five billion yen ($44.5 million) laden Nissan was the weak link but the manu- corporate governance at Meiji University in investigated by prosecutors, who discuss the implications,” he said. over five years. Corporate scandals are nothing facturer was reborn at the cost of severe Tokyo. “I think the intention to remove Ghosn have declined to comment. France’s finance minister Bruno Le new in Japan, but rarely are disgraced execu- restructuring under the auspices of guru Ghosn. and revise the alliance to one led by Nissan is Prosecutors said that Ghosn and Maire said yesterday Ghosn should tives accused of personal enrichment. Hans Now its solid financial results are to thank for clearly in the works.” — AFP Kelly conspired to understate not remain in charge of Renault after Ghosn’s compensation over five years his arrest in Japan. starting in fiscal 2010 as being about half of the actual 9.998 billion yen How could he pull off this Star to fallen idol: The rise ($88.9 million). Public broadcaster alleged deception? NHK said Nissan paid billions of yen This is the big question. If the mis- to buy and renovate homes for conduct continued for years, as and fall of Carlos Ghosn Ghosn in Rio, Beirut, Paris and Saikawa said, analysts question how Amsterdam, citing unnamed sources. this could have passed undetected TOKYO: Carlos Ghosn’s status as an outsider in Japan brought him The properties had no business pur- for so long, unless internal auditors huge success, as his maverick style blew a gale through a musty corpo- pose and were not listed as benefits and senior management turned a rate world, but his disregard of business norms may ultimately prove his in TSE filings, NHK said. blind eye. undoing. The man so embraced as the savior of a once-stumbling firm Ghosn, 64, has not been formally that his life was made into an inspiring manga comic was under arrest charged. The Asahi newspaper What’s next for Ghosn? and facing allegations of financial misconduct — including under- reported that he and Kelly had sub- Under Japanese law, a suspect can reporting his huge salary. The companies he rescued — Nissan and mitted to prosecutors’ questions be detained by prosecutors for up to Mitsubishi — looked set to dump him as chairman and his legacy as a after getting off a plane on Monday 20 days before being charged or boardroom savior lay in tatters. Until this week’s dramatic events, the afternoon at Tokyo’s Haneda Airport. released. Tsutomu Nakamura, a for- storyline had been one of almost unbounded optimism. “Ghosn is likely Saikawa confirmed they had been mer prosecutor at the Tokyo District the most successful foreign chairman in Japan,” said Kosuke Sato, a sen- arrested. Ghosn and Kelly have not Public Prosecutors office, predicted ior economist at the Japan Research Institute. “What he did was TOKYO: Men walk past a screen showing a news programme fea- been seen since and their exact that Ghosn will be indicted on Friday, unprecedented in Japanese corporate history.” But that narrative was turing Nissan chairman Carlos Ghosn. — AFP whereabouts are not known. Dec 7, the last working day before rapidly unraveling by Monday evening. Suspects are typically taken to the that maximum period. Ghosn is At a news conference hours after Ghosn’s arrest his hand-picked suc- Tokyo Detention Center, which is allowed access to a lawyer during his cessor as Nissan CEO offered a revisionist history that minimized the role saying. Corporate scandals are nothing new in Japan, but a case appar- linked to the Tokyo District Public time in detention. played by the Brazil-born executive in the automaker’s turnaround. Hiroto ently centered on personal enrichment has left a bitter taste. “Ghosn is a Prosecutors Office. If bail is granted, it would be Saikawa also referred to the “dark side” of Ghosn’s tenure, suggesting he victim of his own hubris and success,” said Jeff Kingston, director of “exorbitant, in hundreds of millions of had accrued too much power and had become far removed from the daily Asian Studies at Temple University Japan. “He was lionized for bursting How did this come to light? yen,” or millions of dollars, Nakamura operations of the firm. And he pointedly declined to offer the deep bow of through Japan’s fusty corporate culture, taking no prisoners, and now he Nissan’s Saikawa said Ghosn’s said. But in major cases like this, apology that has become a standard part of any press conference involv- is paying the price. alleged improprieties came to light “often no bail is granted until after ing a Japanese company acknowledging misdeeds by staff. “He trampled on Japanese cultural norms with his flamboyant glory- through a whistleblower, after which the arraignment at the first court ses- hogging ways, and his massive compensation incited jealousies and invit- the company began an internal inves- sion”. Falsifying corporate annual Ghosn ‘made enemies’ ed retaliation,” he told AFP. His salary was enormous by Japanese stan- tigation and informed prosecutors. reports, which Ghosn and Kelly are Japan’s media, who once feted Ghosn for his role in resurrecting dards and drew criticism even at the government level in France. “He cer- Japanese media reports say the accused of, carries a maximum Nissan and reviving the country’s auto industry, also pounced. The finan- tainly made enemies and was envied in the Japanese establishment informant is a member of Nissan’s penalty of up to 10 years in prison cial Nikkei daily noted he had failed to cut short his holiday when an because in a sense he breached the norms of CEO compensation,” said legal department. The Asahi reported, and/or a fine of up to 10 million yen, inspection scandal at Nissan broke in 2017, and the Yomiuri Shimbun Robert Dujarric, director of the Institute of Contemporary Asian Studies without citing sources, that the under the Financial Instruments and described Nissan executives calling Ghosn “greedy”. “He says the right at Temple University Japan. “Ghosn also had a CEO lifestyle. The major informant gave the prosecutors infor- Exchange Act. — Reuters things, but in the end it’s all about money,” the daily quoted employees as Japanese bosses are more discreet,” he added. — AFP 14 Established 1961 Business Wednesday, November 21, 2018 Ooredoo pushes network enhancements across companies in preparation for 5G One step ahead of competitors in the global race to deliver 5G services
DOHA: From North Africa and the Arabian Gulf to aimed at increasing net- Southeast Asia, Ooredoo is pushing forward with a work capacity. Ooredoo group-wide modernization program to enhance cus- Kuwait has also increased tomers’ digital experiences, all in an effort to stay one the number of sites with step ahead of competitors in the global race to deliver updated LTE-A technology 5G services. As part of the company’s heavy investment to better serve the latest in building world-class networks across its footprint - and upcoming models of providing a greater range of opportunities for people routers and smartphones. to access employment, education, and entertainment Ooredoo Myanmar suc- wherever they are -Ooredoo is leading the technology cessfully rolled out 4G+ scene, achieving world’s firsts on many levels. across 244 townships, Ookla, the global leader in internet testing and enabling more than 16 mil- analysis, has named four of Ooredoo’s operating com- lion people to access high panies as “Fastest Mobile Network” in Qatar, Kuwait, speed internet services. Oman, and Myanmar for the first half of 2018. The This, in addition to becom- Sheikh Saud bin results confirmed as well the Ooredoo Qatar has the ing the first operator in Naser Al-Thani fastest mobile network in the world. These results were Myanmar to showcase based on in-country tests that were made during Q1- Voice over LTE (VoLTE). Earlier this year, the company Q2 2018 in each of the winning markets. completed a 4G Pro network demonstration, showcas- Sheikh Saud Bin Nasser Al Thani, Chief Executive ing its readiness to bring in 5G. Trials of 5G services are Officer, Ooredoo Group, said: “Today, most communi- expected to start this year. cation needs depend on wireless devices, whether to Commenting on the major milestones, Sheikh Saud make crystal clear calls or to use the Internet and stay said: “As the number of connected devices grows, connected anywhere. At Ooredoo, we pay close atten- there’s a greater need for data transmission and more The launch ceremony of the 5G network in Kuwait last June. tion to how our cus- efficient technology to tomers use our net- support it, which is why work to be able to it’s now time for 5G. This respond with the nec- technology will facilitate essary enhancements substantial growth in the and enable them to Internet of Things, see- experience seamless, ing that almost every- superfast connectivity at all times.” Ooredoo Group thing is connected and communicating. People around continues to invest heavily in the markets where it the world will experience the power of 5G, helping con- operates, implementing network modernization projects sumers enjoy the internet more and businesses to run across companies. more efficiently than ever.”
Introducing 5G Boosting network speeds and expansion Building on an impressive number of earlier mile- Carrying on with network modernization projects stones, including the first-in-the-region trials of 5G on across Ooredoo companies, Ooredoo Oman has suc- Qatar National Day in 2016, the completion of 10 5G- cessfully expanded its high-speed 4G network to more ready base stations in May 2017, and the launch of the than 900 new locations, with Ooredoo’s 4G now cover- 5G Business services trial in partnership with Qatar ing over 90% of Oman’s population. Ooredoo Algeria Airways in November 2017, Ooredoo Qatar was the has successfully rolled out its 4G network across the first operator in the world to have launched a live com- country, becoming the first operator ever to cover all 48 mercial 5G network in May 2018 - a major technologi- provinces (Wilayas). Today, with the largest 4G network cal breakthrough for Ooredoo and the telecommunica- in Algeria, Ooredoo enables nearly 50% of the popula- tions industry worldwide. tion to access superfast internet and benefit from all the As well, Ooredoo Qatar has reached another world- digital opportunities that come with it. first milestone, with the delivery of the first commercial In Tunisia, 92% of the population has access to 5G home broadband devices. Today, with more than 85 Ooredoo Tunisia’s 4G network, with over 350 additional 5G network towers on-air around Doha, the company is 4G sites added in 2018. Indosat Ooredoo continues to pushing forward with testing the world’s largest live 5G expand its 4G network and plans significant expansion network. And indeed, most recently Ooredoo Qatar of its 4G coverage in 2019. To meet the evolving needs showcased the true power and speed of 5G with Smart of its customers in terms of internet speeds, data usage, City technology that will be available in the future. latency and better video experience, Ooredoo Maldives At the event, Ooredoo has successfully tested a was the first operator in Maldives to have rolled out 4G video calls and mobile TV via their smartphones, using growing digital needs. Our 4G networks deployments number of technologies in different locations around network nationwide and upgraded its transmission net- the company’s fastest 3G network in the West Bank. across our global footprint is substantially improving The Pearl Qatar, including the world’s first Self-Driving work to full IP, enabling everyone on the Ooredoo net- Ooredoo’s Asiacell in Iraq is enabling people to enjoy both spectral and energy efficiency, which in turn is 5G connected Aerial Taxi, a 5G Experience Bus and a work to enjoy a great data experience. Ooredoo faster internet speeds, as the company continues to increasing network capacity for devices that are cur- futuristic 8K VR experience on a modern House Boat. Maldives was also the first Ooredoo company to have expand its 3G coverage nationwide, building more than rently available to customers. In Kuwait, Ooredoo has launched 5G on a number of been granted a 5G spectrum license in February 2018 50 new 3G sites in new areas of the country with plans Most importantly, we continue to lead the evolution test sites, with internet speeds reaching more than and plans to trial 5G technology in the near future. to trial 4G services later this year. of the 5G ecosystem, working to provide life-changing 2Gbps. The launch comes as the company prepares to In Palestine, Ooredoo’s Wataniya Mobile has suc- Also this year, Asiacell successfully restored 200 network enhancements to our customers that will see release the biggest, highly advanced network across cessfully launched 3G services in West Bank earlier this sites in a numbers of areas and modernized and upgrad- them enabled to experience connectivity and the Kuwait in 2018. year and is seeing strong demand on the service. With ed more than 300 sites to 3G. Sheikh Saud concluded: Internet of Things in a whole different way - from dri- This launch follows the completion of a network this launch, Wataniya Mobile’s customers are now “We will continue investing in our networks to ensure verless cars, to flying taxis, to even making purchases upgrade in more than 1,100 locations across Kuwait, enjoying high quality voice calls and internet access, seamless connectivity that caters to our customers’ that are delivered through 5G-connected drones.”
commitment having awarded the prestigious that investing in education is investing in future that Al Sayer wins Sustainability Award for 2016 for adopting sustainabil- Philanthropist Yusuff also shapes values of citizens. He said that Future of ity best practices in design of the landmark Toyota the world is depend on students and urged students platinum award City project.” Ali receives honorary to continuously learn which is a never ending For 2018 Al Sayer won the award under commercial process. sector for their leadership and commitment to adopt Shaikh Nayan also congratulated Yusuff Ali on from GORD sustainability best practices in the Operations of the doctorate from receiving the honorary doctorate and said that headquarter building at Free Trade Zone Area in “Yusuff Ali played an important role to strengthen DOHA: Al Sayer Holding was bestowed with the pres- Kuwait. Sustainability initiatives for Green building Middlesex University India-UAE relationship and for setting benchmarks tigious Sustainability Award from Gulf Organization for were adopted in the field of Energy, Water, Indoor in entrepreneurial leadership. Shaikh Nahyan also Research and Development (GORD) at the 2018 Environment, Waste Management and Facility DUBAI: The renowned Middlesex University con- praised the commitment of Yusuff Ali to fellow Sustainability Summit recently held in Doha, Qatar. Management. “We are extremely honored to cooper- ferred its honorary doctorate on leading business- human being and described him as a persona with GORD is recognized as the first performance-based ate with GORD to actively engage in adopting the man and philanthropist Yusuff Ali MA yesterday. impressive record of achievement.” More than 300 system in the MENA region, developed for rating the innovative green building ideas to strengthen the Sheikh Nahyan bin Mubarak Al Nahyan was the chief students were also awarded graduation degrees by green buildings and infrastructure. resilience towards climate change by moving to low- guest of the graduation event. While addressing the Sheikh Nahyan. Also present on the occasion were According to Mohamed Naser Al-Sayer Executive carbon societies, reducing emissions and improving graduates and dignitaries, Sheikh Nahyan stressed Dr Tayeb Kamali, Hamad Abdulla Al Shamsi, Board Member and Chairman of Sustainability com- the understanding of climate science to realize a the importance of education, which defines the char- Chairman of Amanat Holding, Chancellor, PVC and mittee “Al Sayer Holding is reinstating its continued greener world” added Mohamed Naser Al-Sayer. acter of an individual. Sheikh Nahyan further said other dignitaries
United Bank announced in a press release that it will AUB closes on Prophet suspend its business tomorrow, Thursday 22 November 2018, and will resume work as usual on Sunday 25 Muhammad’s birthday November 2018. AUB reconfirmed that customers will be able to communicate with the Bank through the Bankís elec- KUWAIT: On the occasion of the anniversary of the tronic channels, including the mobile application and branches will be closed for business on Thursday 22nd birth of the Prophet Muhammad (peace be upon him), the 24/7 telebanking ‘Hayakom’ service on 1812000 to ABK closes for Prophet November 2018. The Bank will resume business as usu- Ahli United Bank (AUB) congratulates and extends its conduct all their banking services and answer all their al on Sunday 25th November 2018. ABK’s online serv- warm wishes to His Highness the Amir of Kuwait Sheikh enquiries or through the internet banking at www.ahli- Muhammad’s birthday ice and Call Center will be available 24 hours a day Sabah Al Ahmad Al-Jaber Al-Sabah, His Highness the united.com.kw and the Bankís social media platforms. during the holiday and can be reached by contacting an Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al- Furthermore, customers can also conduct their financial KUWAIT: On the occasion of Prophet Muhammad’s ABK customer service agent via Ahlan Ahli at 1899899 Sabah, the government, the citizens of Kuwait and all transactions through the Bank’s ATMs which are con- (PBUH) birthday, ABK would like to announce that it’s or visit eahli.com residents across the country. In related matter, Ahli veniently located across Kuwait. Established 1961 15 Health & Science Wednesday, November 21, 2018 Twitter CEO Dorsey sparks Indian social media storm
Twitter CEO trolled for ‘hate mongering’ against Brahmins
MUMBAI: Twitter CEO Jack Dorsey has been potential of causing communal riots at a time when around the world,” the company said. Another user, “My Twitter feed is full of elite men hyperventilating accused of inciting hate against India’s highest caste several States are going to Assembly Elections in tweeting under the name Prassant DeshPehle (country about Twitter CEO @jack holding a sign that calls out after being photographed holding a poster declaring India,” tweeted Indian police officer Sandeep Mittal. first), wrote: “Shame on you @jack. Hate against any sex-based & caste-based discrimination in India.” “smash Brahminical patriarchy” during a visit to the “Even now an apology is not offered. Actually its (sic) community or group should be condemned. Spewing “Caste and sexism are real and virulent in modern country. Dorsey was snapped holding the offending a fit case for registration of a criminal case for attempt hate on one to please the other isn’t right.” India. If you want to be angry about something, let it poster alongside six women who participated in a to destabilize (sic) the nation,” he added. But others praised the Twitter chief for touching on be that reality,” she added. Caste politics can explode discussion last week on the role of Twitter in India, Twitter defended Dorsey in comments posted on its the plight of marginalized, low-caste Dalit communities into violence in India, where a centuries-old hierarchy where caste is a flashpoint issue and grievances can official India page Monday, saying a low-caste activist and women in India, a conservative country of 1.25 bil- has divided Hindus into classes starting with Brahmins turn violent. had “shared her personal experiences and gifted a lion. “Dalit lynching and oppression, incidents of which and ending with the Dalits - formerly known as The reference to Brahmins, the traditional priestly poster to Jack”. “It is not a statement from Twitter or we read about every other day, do not cause as much “untouchables”. Although the system has been official- class who sit atop the rigid caste hierarchy, outraged our CEO, but a tangible reflection of our company’s Twitter outrage as Jack Dorsey holding up a placard ly abolished, it still prevails in rural areas and deter- some Hindus when the photograph was posted online efforts to see, hear, and understand all sides of impor- saying ‘End Brahmin Patriarchy’,” wrote user Ranjona mines where people live, who they marry and what Sunday evening. “Do you realize that this picture has tant public conversations that happen on our service Banerji. South Asian historian Audrey Truschke said: type of work they do. — AFP
The science of how cats’ tongues keep Surge in China theft of Australia them clean company secrets, report says SYDNEY: China has sharply escalat- and universities were not tightening ed cyberattacks on Australian compa- their security. Cyber experts echoed WASHINGTON: US researchers, armed nies this year in a “constant, significant the government sources, with US with high-speed video cameras, have effort” to steal intellectual property, cybersecurity company CrowdStrike revealed the secret to cat grooming. It’s all according to a report published yes- saying they “noticed a significant in the tongue. Just not the way they thought. terday that angered Beijing. The inves- increase in attacks in the first six A cat’s tongue contains 300 little scoop- tigation by Fairfax Media and commer- months of this year”. shaped spines called filiform papillae which cial broadcaster Channel Nine comes “The activity is mainly from China they moisten with saliva to clean their fur, just days after US Vice President Mike and it’s targeting all sectors. There’s no said the report Monday in the Proceedings Pence accused Beijing at the APEC doubt the gloves are off,” CrowdStrike of the National Academy of Sciences, a summit of widespread “intellectual vice president Mike Sentonas told peer-reviewed journal. Until now, the scien- Photo shows a domestic cat grooming its fur. The cats’ tongue contains 300 small, rigid, property theft”. Fairfax. The alleged attacks took place tific consensus on the matter was that these spoon-shaped papillae that allow them to wet the hair base with their saliva, US The report said China’s Ministry of despite an agreement between papillae were cone-shaped, almost like little researchers have observed using high-resolution cameras. — AFP State Security was responsible for Canberra and Beijing last year “not to claws. But in reality, these structures, made “Operation Cloud Hopper”, a wave of conduct or support cyber-enabled of keratin, end in U-shaped hollows at the deep into the hairs and be able to distribute felines were studied, including domestic attacks it said were detected by theft” of intellectual property and oth- tips, wicking saliva from the mouth and their cleaning saliva throughout all of the cats, tigers and lions. Researchers also dis- Canberra and its partners in the “Five er commercial secrets. The Chinese transferring it to the fur and skin. hairs,” Noel, whose background is in sected the tongues of dead cats, and filmed Eyes” intelligence alliance-the US, foreign ministry dismissed the report, “It looks just like a half pipe,” said co- mechanical engineering, told AFP. Cats in high speed video the tongues of domestic Britain, Canada and New Zealand. An saying it was “without foundation in author Alexis Noel, a researcher at the spend about one quarter of their lives cats in action. Researchers say practical unnamed senior Australian government fact”. The allegations are “unprofes- Georgia Tech Research Institute. “It’s very cleaning themselves. They spend about 14 applications could include futuristic human official told Fairfax the activity was “a sional, irresponsible, and obviously much like a coffee straw when we stick a hours a day sleeping. hairbrushes modeled after the feline tongue. constant, significant effort to steal our have ulterior motives”, ministry straw into fluid, the water actually wicks up Maintaining their fur helps remove fleas, There could also be industrial uses. “This intellectual property”, while other offi- spokesman Geng Shuang told a regular into this little cavity surface. So when the debris and excess heat. Cat fur consists of could be really helpful for carpet cleaning cials expressed frustration that firms press briefing. — Reuters cat goes to groom, it’s able to take these an exterior layer for protection and an inte- technology, so as to distribute cleaning fluid fluids into the spines and penetrate them rior one for warmth. Six different types of deep into carpets,” Noel said. —AFP
smuggling the lucrative fish are pushing it France’s National Biodiversity Agency, is Eel trafficking towards oblivion. Despite growing alarm exploding Asian demand for a product from conservationists, hundreds of tons of viewed as both a delicacy and an aphro- eels are still legally and illegally fished each disiac. “We cannot legally export eels out- in EU, world’s year. In France-which catches more of the side the EU, but the prices are different in fish than any other EU state-the issue has Asia. There is a real Asian demand for eel,” ‘biggest wildlife taken on political dimensions. he said. The UN’s Food and Agriculture “There’s around 10 percent of stocks left Organization said that in 2016 China pro- compared to 30 years ago due to habitat duced close to a quarter of a million tons of crime’ loss and what we’ve done to the migration eel for consumption, far ahead of Japan- pathways in Europe,” Andrew Kerr, chair- where eating eel is seen as bringing good PARIS: Billions of euros worth of critically man of the Sustainable Eel Group (SEG) luck and fertility-and the EU. endangered eels are being trafficked each that works to conserve the species said. The bloc’s law enforcement agency year from Europe, ending up on tables in The eel’s vertiginous decline has provoked EUROPOL estimates as many as 100 tons China and Japan in what campaigners say is some action from governments and law of baby eels-known as glass eels for their “the largest wildlife crime on Earth.” Stocks enforcement agencies. It is now listed in the translucent skin-are trafficked abroad each of European eel (anguilla anguilla) have CITES international convention on trade in year: equivalent to around 350 million fish. NEW YORK: A student from Mount Saint Mary’s College holds a plastic bag of glass eels plummeted 90 percent in three decades as endangered species, resulting in strict “Glass eels trafficking involves environmen- that were caught in the Quassaick Creek as part of a project by the New York State mankind has developed the wetlands and national catch quotas. tal crime, smuggling, document fraud, tax Department of Environmental Conservation and Cornell’s Water Resource Institute to dammed the rivers it needs to grow and The problem, according to Michel evasion and money laundering,” a monitor eel populations. — AFP feed in, and experts fear criminal gangs Vignaud, head of fishing regulation at spokesman said. —AFP 16 Wednesday, November 21, 2018
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