THULHIJJA 9, 1439 AH MONDAY, AUGUST 20, 2018
Max 46º 28 Pages Min 29º 150 Fils Established 1961
ISSUE NO: 17613 The First Daily in the Arabian Gulf www.kuwaittimes.net
Developer defends caller ID China shows off automated In one Philly garage, women Brighton pile the misery on 5 app, vows to launch new one 15 doctors, teachers, combat stars 21 using their own elbow grease 28 Mourinho’s woeful Man Utd
Amir conveys Eid greetings as millions of pilgrims begin hajj Dedicated team of interpreters provides 24/7 translation services
KUWAIT/MAKKAH: The Amiri Diwan launched a “smart hajj” initiative, with yesterday conveyed greetings from HH apps to help pilgrims with everything the Amir Sheikh Sabah Al-Ahmad Al- from travel plans to medical care. Jaber Al-Sabah to the people of Kuwait The interior ministry said on Saturday on the upcoming occasion of Eid Al- that the number of pilgrims arriving in Adha. According to a Diwan statement, Makkah had already surpassed the two HH the Amir also congratulated Arab and million mark, mostly from abroad includ- Islamic nations on the advent of Eid Al- ing large contingents from Egypt, India, Adha, praying to Allah Almighty for its Pakistan and Bangladesh. Wearing the happy return with Kuwait and the rest of simple white garb of the pilgrim, most of the world enjoying peace and security. the faithful began moving yesterday More than two million Muslims from from Makkah to the nearby Mina valley. around the globe started the hajj pil- They were to spend the night there in grimage yesterday in Saudi Arabia, one fire-resistant tents in the desert, where of the world’s largest annual gatherings temperatures top 40 degrees Celsius. in a country undergoing unprecedented Thousands of buses and vehicles car- change. The ultraconservative kingdom - rying the pilgrims lined the eight kilome- where religion remains a guiding force ter road from Makkah to Mina. Many pil- amid dramatic social and economic grims made the journey walking under reforms - has mobilized vast resources the scorching sun, some carrying white for the six-day journey, a pillar of Islam. or blue umbrellas. For the Muslim faithful, “It’s the dream of every Muslim to come hajj retraces the last steps of Prophet here to Makkah,” said Frenchman Muhammad (PBUH) and also honors the Soliman Ben Mohri. “It’s the ultimate prophets Abraham (PBUH) and Ismael journey. What worries me is the return to (PBUH). It ends with the Eid Al-Adha my normal life. For the moment, I am in a feast, which is marked by the slaughter of dream,” the 53-year old told AFP. sheep, a tribute to Abraham’s sacrifice of Every Muslim is required to complete a lamb after God spared Ismael, his son. the hajj journey to Islam’s holiest sites at Earlier in Makkah pilgrims performed a least once in their lifetime if they are ritual walk seven times around the Kaaba, healthy enough and have the means to a black masonry cube wrapped in a silk do so. Tens of thousands of security per- cloth embroidered in gold with Quranic sonnel have been deployed for the pil- verses at the center of the Grand Mosque. KUWAIT: Shepherds lead sheep to the livestock market in Rai yesterday, ahead of Eid Al-Adha or the “Feast of Sacrifice”, which marks the grimage. This year, the Saudis have Continued on Page 24 end of the hajj. — Photo by Yasser Al-Zayyat
saw that wherever we are not capable, no one first time, as tensions mount with the US mili- Iran announces will have mercy on us. Our resources are limit- tary in the Gulf. Iran unveiled in 2013 what it ed and we are committed to establishing secu- said was a new, domestically built fighter jet, rity at a minimum cost. We upgrade our mis- called Qaher 313, but some experts expressed new fighter jet, siles according to our enemies’ threats and doubts about the viability of the aircraft at the actions, as a deterrent and to give a crushing time. Iran’s functional air force has been limit- 80 Indian nurses in limbo missile upgrades response to the enemy,” he said. ed to perhaps as few as a few dozen strike air- Hatami added that regional rival Saudi craft, either Russian or ageing US models without work, residency Arabia “has the largest military budget in the acquired before the 1979 Iranian revolution. TEHRAN: Iran will unveil this week a new jet world after America and China... while our Iranian Navy Commander Rear Admiral By Ben Garcia April 2015,” said Akhila Kumar, a 29- fighter and upgrade its missile defenses to defense budget is limited”. “What would any Hossein Khanzadi said on Saturday that year-old certified nurse who is acting meet threats from Israel and the US, Tasnim nation with such a situation and past do in our “coastal and sea testing of the short range KUWAIT: Eighty Indian nurses prom- as the group’s spokesperson. news agency said yesterday quoting the place?” he said. The defense minister dis- defense Kamand system were concluded suc- ised jobs in Kuwait have been stuck She said those who passed the defense minister. “Our first priority is our mis- missed the idea of an “Arab NATO” - an old cessfully, and said this system was mounted ... sile capability and we must enhance it... given here for more than two years due to written and oral exams - around 1,500 concept that has recently resurfaced as on a warship and will be mounted on a second paperwork and red tape. The group of nurses in total - were hired and issued the enemy’s efforts in missile defense,” said Washington tries to push regional countries to ship soon,” Tasnim news agency reported. nurses, all with nursing qualifications temporary visas that allowed them to Amir Hatami in an interview on television late accept a greater share of their defense. “Arab Iran’s Revolutionary Guards said earlier this Saturday, according to Tasnim. He added that NATO is part of the game of creating discord month it held war games in the Gulf aimed at from India and recruited by health min- enter Kuwait. The 80 nurses were part a new fighter jet “will fly on National Defense by the enemy and it’s not worth paying atten- “confronting possible threats” by enemies. istry officials, are living in government of that batch. Despite having a legal Industry Day”, which falls on Wednesday. tion to,” said Hatami. “It is unlikely that The US military’s Central Command said it housing, but are unable to work visa to enter Kuwait, the nurses were Hatami said the defense program was moti- America and the Zionist regime (Israel) allow had seen increased Iranian naval activity, because their certifications and licens- prevented from working due to a vated by memories of the missile attacks Iran Muslim countries to come together. They extending to the Strait of Hormuz, a strategic ing have been held up. “We are a group delay in paperwork. Placed in the suffered during its eight-year war with Iraq in know well that the aim of Muslim nations is to waterway for oil shipments the Revolutionary of 80 Indian nurses who came directly nursing accommodation from March the 1980s, and by repeated threats from Israel destroy the Zionist regime and defend Guards have threatened to block. from India (Bangalore, Cochin, Delhi 2016, they were initially told to wait and the United States that “all options are on Palestine,” he added. Iran has developed a large domestic arms and Mumbai) and were hired directly while their papers and documents the table” in dealing with the Islamic republic. Iran’s navy announced on Saturday that it industry in the face of international sanctions by health ministry representatives after were being processed. “We have learned in the (Iran-Iraq) war that has mounted a locally built advanced defensive and embargoes that have barred it from they held interviews from February to Continued on Page 24 we cannot rely on anyone but ourselves. We weapons system on one of its warships for the importing many weapons. — Agencies
our life,” 20-year-old Inderjeet Kumar told More bodies AFP at a church doubling as a relief shelter As Duterte flags, in the hard-hit Thrissur district. “There was found in Kerala no power, no food and no water - even daughter enters though it was all around us.” The overall death toll in the state since as toll hits 370 the start of the monsoon on May 29 had political limelight reached 370, the spokesman said. Forty- THRISSUR, India: Rescuers searched six of them were found dead in just the last MANILA: Philippine President Rodrigo Duterte submerged villages in southwest India 24 hours. In Thrissur, rescuers searching thinks political dynasties are bad. But the way the yesterday in a desperate hunt for sur- inundated houses discovered the bodies of prevailing political winds are blowing, it looks like a vivors after floods killed at least 370 those unable to escape as the floodwaters dynasty of his own might be taking shape. Nine people and drove more than 700,000 quickly rose. “They didn’t think that it months away from mid-term elections that could from their homes. Entire villages in would rise this high - 10 to 15 feet at some determine the success or failure of his presidency, Kerala have been swept away in the places - when the initial warnings were his daughter, Sara Duterte, is fast emerging as a state’s worst floods for a century. issued,” said Ashraf Ali K M, who is lead- powerbroker who is aiming to shore up support for Rescuers fear the death toll will rise as ing the search in the small town of Mala. his ambitious policy agenda, and, say some experts they reach areas almost entirely under- “Some of them later gave distress calls and insiders, his eventual succession. water. Thousands remain trapped - often when the water rose high and fast,” he told By his own admission, the 73-year-old president without food or water - in towns and vil- AFP at the scene Sunday as the carcasses is flagging. On Tuesday, he lamented his uphill lages cut off by the floods, and heavy rain of cattle and other livestock floated past. struggle to tackle illicit drugs and cut state corrup- forecast in coming days threatens to Among the dead were a mother and tion, predicting that he’ll “hardly make a dent” in his compound the disaster. son whose home collapsed around them remaining four years in office. During a ceremony Nearly 725,000 people have taken late Saturday. Another was a local man shelter in relief camps, state government who volunteered for the search and rescue and again at a dinner afterwards, he said he was spokesman Subhash T V told AFP yester- mission. His body was retrieved by com- tired, exasperated and thinking about quitting, and day. Bedraggled survivors massing at rades early yesterday, said Dibin K S, a ended his somber, one hour, 20 minute speech with: evacuation centers have described desper- Kerala firefighter, in a grim reminder of the THRISSUR, India: Kerala and Tamil Nadu fire personnel carry children on their “I’m telling you, I’m ready to step down and retire.” ate scenes after days without food or perils facing rescuers. shoulders through floodwaters during a rescue operation in Annamanada vil- Continued on Page 24 water. “They were the scariest hours of Continued on Page 24 lage in the south Indian state of Kerala yesterday. — AFP 2 Established 1961 Local Monday, August 20, 2018 Bahraini PM congratulates Crown Prince, Premier on Eid Al-Adha
Defense Minister congratulates leaders on Eid holiday
Bahraini Prime Minister Prince Khalifa Bin Salman His Highness the Crown Prince Sheikh Nawaf Al- His Highness the Prime Minister Sheikh Jaber Al- First Deputy Prime Minister and Defense Minister Al-Khalifa Ahmad Al-Jaber Al-Sabah Mubarak Al-Hamad Al-Sabah Sheikh Nasser Sabah Al-Ahmad Al-Sabah
KUWAIT: His Highness the Crown Prince Sheikh for the kind feelings, wishing him a long and healthy life wishing the two Gulf neighbors continued development joyful occasion of Eid Al-Adha,” the Kuwaiti defense Nawaf Al-Ahmad Al-Jaber Al-Sabah received a phone and more prosperity for the Kingdom. and prosperity. minister wrote in a letter to His Highness the Amir call from Bahraini Prime Minister Prince Khalifa Bin Meanwhile, His Highness the Prime Minister Sheikh Separately, Kuwait’s First Deputy Prime Minister and Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. Salman Al-Khalifa yesterday, congratulating His Jaber Al-Mubarak Al-Hamad Al-Sabah received greet- Defense Minister Sheikh Nasser Sabah Al-Ahmad Al- Meanwhile, His Highness the Crown Prince Sheikh Highness on Eid Al-Adha. Prince Khalifa wished His ings from Prince Khalifa on the joyful occasion of the Sabah extended his “warmest greetings” yesterday to Nawaf Al-Ahmad Al-Jaber Al-Sabah and His Highness Highness Sheikh Nawaf a long and healthy life and for Islamic festival of Eid Al-Adha. In a phone conversation the country’s political leadership ahead of the holy the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Kuwait further development and security. His Highness they had yesterday, His Highness the Prime Minister Islamic festival of Eid Al-Adha. “I am honored to con- Al-Sabah were also the recipients of warm messages the Crown Prince thanked the Bahraini Prime Minister thanked the Bahraini official for the warm sentiments, vey the entire defense ministry’s well-wishes on the from the Kuwaiti defense minister. — KUNA
Four main slaughterhouses, 10 temporary ready for Eid
KUWAIT: Several images taken from the livestock market in Rai yesterday, which becomes lively at this time of the year ahead of the Muslim holiday of Eid Al-Adha or the ‘Feast of Sacrifice’. — Photos by Yasser Al-Zayyat
By A Saleh spent at the end of the first quarter of 2018-2019.
KUWAIT: The slaughterhouse official at the Public Housing welfare Authority for Food and Nutrition (PAFN) The government is serious about providing hous- Mohammad Al-Salem said the authority is ready for ing to citizens and reduce the number of those on the Eid Al-Adha at all slaughterhouses. Salem said four waiting list in its development report for the first central slaughterhouses and 10 temporary ones cov- quarter of 2018/2019. The report said the housing er Kuwaiti areas in cooperation with the care program is working on five major construction Cooperative Union, Municipality and other con- projects being executed by the Public Authority for cerned authorities. The meat will be tested to make Housing Welfare (PAHW) in the long run. These sure it’s safe for consumers. He asked the public not include constructing integrated cities linked with to use roaming butchers who may not be experi- infrastructure, power supplies and services. He said enced and lack knowledge. In other news, Ahmadi the completion percentage varies in the five projects public cleanliness and road occupancy department as Jaber Al-Ahmad is over 80 percent complete, while removed 27 slaughter areas as Kuwait Municipality South Saad Al-Abdullah and South Sabah Al-Ahmad is preparing for Eid Al-Adha. are still in preparatory stages. South Mutlaa project is suffering from some obstacles that have not been Energy services resolved so far, such as leftovers from the Iraqi inva- The annual development plan of the government sion. The South Abdullah Al-Mubarak project is also guarantees everyone modern energy services at an facing several obstacles. affordable cost. The program aims at developing and increasing power and water production capacity to Surprise visit meet the increasing demand for power by various sec- Health Ministry Undersecretary Dr Mustafa Redha tors, be it for consumption or production, and due to made a surprise visit to Amiri Hospital to ensure expanded construction. The program has four construc- about patients’ safety in wards and health services tion projects - the Ministry of Electricity and Water provided to them during Eid Al-Adha. Redha thanked (MEW) is participating with annual financial allowances all workers for their efforts in serving patients during estimated at KD 153 million, of which 27 percent was the Eid break. 3 Local Monday, August 20, 2018 Undersecretary for Border Security visits sea centers No injuries in fire in Salmiya building’s basement
Debris at the basement of a Salmiya building where a fire was reported. KUWAIT: Scenes from the Interior Ministryís Assistant Undersecretary for Border Security Maj Gen Sheikh Salem Al-Nawaf Al-Sabahís visit to the sea centers.
By Hanan Al-Saadoun headed an interior ministry delegation Interior Ministry that is participating in Kuwait’s hajj mis- KUWAIT: The Interior Ministry’s Assistant sion and attended coordination meetings Undersecretary for Border Security Maj Gen Sheikh coordinates for of the Kuwaiti pilgrimage convoys that Salem Al-Nawaf Al-Sabah visited the sea centers were held at the awqaf ministry and sub- Saturday. His inspection tours mostly covered southern pilgrims’ safety sequent meetings that were held in centers including the Khairan, Um Al-Maradem island, Makkah to discuss preparations and Qaruh island and coastguards. He conveyed greetings By Hanan Al-Saadoun readiness to receive Kuwaiti pilgrims. of Interior Minister Sheikh Khaled Al-Jarrah Al-Sabah Foudari said the interior ministry delega- and Undersecretary Lt Gen Essam Al-Nahham. KUWAIT: The interior ministry’s rela- tion is keen on performing its duties tions and security information depart- through precise plans. He said the num- Salmiya fire ment said Director General of Civil ber of Kuwait hajj convoys is 49 and the Salmiya Fire Center responded to a call about a fire Defense Col Jamal Hussein Al-Foudary number of Kuwaiti pilgrims is 8,500, in the basement of a Salmiya building. Bidaa and tech- along with 1,000 non-Kuwaitis. nical rescue centers also responded. The basement was used as a garment storehouse. The building was evacuated, and the fire was contained and put out. No injuries were reported.
stamping official papers in the presence of Janitor stamped official employees. Treatment abroad papers at health In other news, Kuwait Medical Association rejected the interference of ministry some MPs in the committees deciding treatments abroad, adding that one of the most important reasons for “medical department tourism” is political pressure and interfer- ence by some MPs. This comes on the heels of statements by an MP against the By Meshaal Al-Enezi head of the brain and neurosurgery com- mittee chairman at Ibn Sina Hospital. Head KUWAIT: The health minister sent officials of the society Dr Ahmad Al-Thuwaini from a department that issues official doc- strongly rejected interference of some MPs uments for questioning after they were in specialized medical committees and its found to be lax in their performance. It was decisions. He said this matter is technical proven that their duties were being carried and it’s up to doctors to decide whether out by a janitor in the department, who was the patient travels abroad or not.
abusive wife, so she reported him missing. Farwaniya police When policemen brought him back, they learned that he had fled on his own will due arrest ‘major to stress because of her mistreatment, according to his statements. The man had refused to go with his wife at the beginning, drug dealer’ but finally left the police station with her. The Sri Lankan woman had told Jahra police that KUWAIT: Farwaniya police arrested a her Bangladeshi husband was missing and major drug dealer who attempted to attack did not respond to her calls. Police then them, resisted arrest and attempted to run called him, and when he answered, they told them over, but his attempts failed. He will him to come to the police station. be sent to the Drugs Control General Department. Police learned about a Motorcycle accident bedoon man nicknamed “Mercurial Jahrawi”, who was known to trade in drugs A ruling family member was injured in a in Farwaniya governorate. The suspect was motorcycle accident in the south of the then placed under surveillance. Eight bags country. He was taken to Adan Hospital for of shabu, hashish and drugs paraphernalia treatment. Investigations are underway to were found with him. find out the reasons behind the accident.
Smuggling foiled Fugitive caught A Saudi man failed to smuggle 800 car- Jahra police arrested a citizen and tons of cigarettes in his car as Nuwaiseeb found out that he is wanted on 10 money- customs officers discovered the stash. The related cases after he was reported miss- cigarettes have an estimated value of KD ing by his family. Police were able to 5,600. The suspect and the contraband locate him in a cafe in industrial Jahra and were sent to concerned authorities. arrested him. He said he left home due to family problems, but he was found wanted Man escapes abusive wife and arrested. — Translated by Kuwait A Bangladeshi man ran away from his Times from Al-Rai and Al-Anbaa 4 Established 1961 Local Monday, August 20, 2018
Photo of the Day
KUWAIT: Kuwait Towers light up the sky during twilight. — Photo by Odeh Ali (KUNA) Kuwaiti artist wins award at Italy’s art exhibition
ROME: Kuwaiti Artist Naji Al-Hay presents one of his paintings to Kuwait’s Ambassador to Italy Sheikh Ali Al-Khaled Al-Sabah. — KUNA
ROME: Kuwaiti Artist Naji Al-Hay won In this context, Kuwait’s Ambassador a creative excellence award at an art to Italy Sheikh Ali Al-Khaled Al-Sabah exhibition in Rome, Italy, in recognition held a reception to celebrate Hay. of his outstanding performance among Cultural presence in a form of an artist selected European and Arab artists, a has positive impacts in strengthening statement by Kuwait’s embassy here Kuwaiti-Italian relations, the said yesterday. Hay was honored for the Ambassador stressed. recognition he received as a Kuwaiti The artist thanked Ambassador Ali artist in an essential art exhibition in Al-Khalid for the honoring and hospi- Rome, which he considered a ‘tribute’ tality. Artists from Kuwait, Italy, Egypt, to every Kuwaiti artist, especially those Saudi Arabia and Serbia participated in with disabilities, the statement noted. the exhibition. — KUNA
PIC committed to concept of sustainable development KUWAIT: The Petrochemicals tainability into all Industries Company (PIC) is commit- Company tracks ted to the concept of sustainable of work and deci- development and its practices in sion-making Kuwait, said Mohammad Al-Farhoud, mechanisms, be it CEO of the company, yesterday. His economic, social remarks came in a statement after PIC or environmental. published its 2017-2018 sustainability PIC launched report, which focused on the its ‘Sustainability Company’s contribution in preserva- Goals’ in 2013, tion of the environment, as well as setting ambitious Mohammad Al-Farhoud promoting businesses. targets for oper- Committing to the concept of sus- ational excellence and corporate social tainable development would have a pos- responsibility. PIC is a subsidiary of itive impact on societal prosperity and the Kuwait Petroleum Corporation betterment of human resources, which (KPC). In the downstream sector, PIC would eventually lead to a better future, plays a key role in driving the diversifi- said Farhoud. He expressed pride over cation of the Kuwaiti economy and effective and safe work practices fol- ensuring sustainable growth in the lowed by PIC in a bid to integrate sus- country. — KUNA Established 1961 5 Local Monday, August 20, 2018 Caller ID software developer defends app, vows to launch new one with ‘different look’ Developer believes ban will be temporary, says app helped police arrest criminals
By Nawara Fattahova claimed they were offended by these apps. These applications work on using the names registered by KUWAIT: Recently the Communication and people in their contact lists. So when a strange num- Information Technology Regulatory Authority (CIT- ber calls you, you can identify it by how other users RA) decided to block caller identification applications have saved this number. for smartphones after some When a user downloads people complained that the app, he must agree to these applications negatively the terms and conditions. affected their lives. At first The terms include access to when these apps were the user’s contact list. As blocked, people could still We can’t stop some users have saved cer- use them if they had proxies tain people’s phone num- on their phones. But two the Internet bers in their contact lists days later, some of these with insulting or bad names, apps decided to stop oper- evolution these names will appear to ating, claiming they had others. So some users com- deleted their database, so plained of these embarrass- users won’t be able to use ing names that caused them them even with a proxy. problems. CITRA claimed that blocking caller ID applications Although it’s not the fault of the app that some was due to their violations of the individual’s private users save others’ details with these names, it offered data, leaving them with security problems such as complaining users to delete their embarrassing names identity theft, fraud, domestic violence, family disputes from the database free of charge. The app also pro- and bank thefts. The caller ID applications were very vided the option of appearing invisible to other users useful for thousands of users, although many people and not appearing in a search completely for a nomi- nal fee. Menodag (who called?) is one of the most popular caller ID apps in Kuwait. It was blocked by CITRA and is no longer working. “I will sue CITRA if their procedure is illegal. Other applications should be blocked and not just caller ID apps, as many other can reactivate the deleted database again. “This deci- ed to citizens’ privacy, security and safety. CITRA has types of apps that are more harmful and in conflict sion of CITRA won’t stop me from creating a new app approved privacy protection regulations to ensure with our traditions and religion are still operating,” with a similar concept but different look, and I will that the personal data of individuals are protected. the developer of the app told Kuwait Times. This launch it soon. CITRA’s decision only applies to Sharing private information with third parties is for- decision of blocking the app caused him financial Kuwait and is not an international law,” he said. bidden without the individual’s knowledge and per- losses. “I completed my obligations towards the Menodag was useful even for public authorities. mission. Whoever violates the regulation will be advertisers in my app before closing it completely. “Menodag led to the arrest of many criminals includ- legally liable. Yet shutting my app cost me a lot as I can’t take any ing drug dealers and others, and I cooperate with all ads,” added the owner. public and security institutions in Kuwait to maintain He believes that this situation won’t last forever. “I security in our country. This is just my opinion and I’m think it’s a temporary procedure, as we can’t stop the not against any laws,” he concluded. Internet evolution. For instance, there are many other Kuwait Times contacted three CITRA officials to applications and social media programs such as comment on this matter and answer a few questions, Facebook, Instagram, Twitter and others, where many but didn’t get any response after a week of waiting. users have committed violations and these were not CITRA previously published on its website that it blocked. I think that users who violate the law should affirms its complete rejection of violations that invade be penalized and not the media or app,” he said. Logo of the Menodag caller ID application. privacy and the protection of personal data. CITRA The Communication and Information Technology The developer said that he stopped the app as he considered the move to ban caller ID smartphone Regulatory Authority’s (CITRA) logo. respects the law, and refused to comment whether he applications to be a positive objective, since it’s relat- InternationalMONDAY, AUGUST 20, 2018 Baghdad gun shops thrive Trump lashes out at Russia probe as ‘McCarthyism’ Page 7 Page 9
PEMENANG: Indonesian Military shows a soldier talking to residents in Pemenang, northern Lombok, after a 6.9 magnitude earthquake struck. — AFP Fresh quake rocks Indonesia’s Lombok Strong earthquake triggers landslides, damaging buildings MATARAM: A strong earthquake rocked the Indonesian fainted from shock, he added. Landslides were reported it was an earthquake. “People started to scream and cry. hardest-hit region was in the north of the island, which has island of Lombok yesterday, triggering landslides, damag- in a national park on Mount Rinjani where hundreds of They all ran to the street,” East Lombok resident Agus suffered hundreds of aftershocks. A week before that ing buildings and sending people fleeing just two weeks hikers had been briefly trapped after the quake in late Salim told AFP. The tremor was also felt in the island’s quake, a tremor surged through the island and killed 17. after a tremor killed more than 480 people there. The 6.3- July. The park has been closed since then. Local disaster capital Mataram and on the neighboring resort island of The August 5 quake left more than 350,000 displaced, magnitude quake, centered in East Lombok, struck at a mitigation agency spokesman Agung Pramuja said sev- Bali. “Everybody ran outside their house. They’re all gath- with many sleeping under tents or tarpaulins near their relatively shallow depth of seven kilometers (four miles) eral houses and other structures in the district of ering in an open field, still terrified,” said Endri Susanto, a ruined homes or in evacuation shelters, while makeshift and was felt across the island, officials said. Sembalun, on the slopes of Mount Rinjani, collapsed children’s rights activist in Mataram. “People are trauma- medical facilities were set up to treat the injured. It was the third major quake in less than a month to yesterday after being damaged by the previous two tized by the previous earthquakes and aftershocks never Badly damaged roads, particularly in the mountainous rock the island, after deadly tremors on July 29 and quakes. The structures included checkpoints once used seem to stop.” north of the island, are a headache for relief agencies try- August 5 and numerous aftershocks. “The earthquake by trekkers climbing the mountain, Pramuja said, adding ing to distribute aid. The economic toll of the quake is esti- caused people to panic and flee their houses,” national that the exact number of damaged buildings was still ‘Ring of Fire’ mated to be at least five trillion rupiah ($348 million). disaster agency spokesman Sutopo Purwo Nugroho being checked. The latest tremor comes two weeks after a shallow 6.9- Dubbed “The Island of a Thousand Mosques”, Muslim- told Metro TV. “There have been no reports of death or Residents said the latest earthquake was felt strongly in magnitude quake on August 5 damaged tens of thousands majority Lombok is a less popular destination than its (serious) damage but people are traumatized.” At least East Lombok. “I was driving to deliver aid to evacuees of homes, mosques and businesses across Lombok. At neighbor Bali, the Hindu-majority island that is the back- one person suffered minor injuries while two more when suddenly the electricity pole was swaying. I realized least 481 people died and thousands were injured. The bone of Indonesia’s $19.4 billion tourist sector. — AFP
whereas, according to a reliable Vatican Forty years ago: source, the reported myocardial infarction owner,” he told the Corriere Della Sera should have affected his limbs or his facial Genoa’s death newspaper. features,” AFP wrote. Three popes in Providence, negligence-intentional or not-of toll rises to 43 ‘Won’t accept handouts’ his own health, or a conspiracy: numerous theo- Italy bid farewell to the victims, three months ries will question the official account. In 1984, including several children, in Saturday’s British author David Yallop, who writes mostly GENOA: The toll of Genoa’s bridge col- solemn funeral that was boycotted by a about unsolved crimes, publishes “In God’s majority of the families, who resented the lapse rose to 43 yesterday as rescuers VATICAN CITY: The death 40 years ago of Name” which suggests John Paul I was poi- presence of politicians and derided the confirmed they had found the remains Pope John Paul I, who reigned for just 33 days soned because he was determined to oppose ceremony as “a farce”. Thousands of believed to be of a missing family, a day in 1978, paved the way for the Roman the domination of the Vatican by the notorious mourners packed into a flower-filled Catholic Church to have three pontiffs in three after Italy held a funeral for the disaster makeshift chapel where the coffins of 19 P-2 masonic lodge. The Holy See dismisses the victims. Firefighters discovered the three months. And his death was followed by the theory as “completely absurd”. The book is victims had been lined up. An imam led election of the first non-Italian pope in 400 bodies, reported to be those of a couple published in 30 countries and is translated into prayers for two Muslim victims - a years, John Paul II. and their nine-year-old daughter, poignant gesture in a staunchly Catholic nine languages. overnight inside a car extracted from the According to other conspiracy theories, the country where the far-right is now in The ‘smiling pope’ rubble of the viaduct. The findings mean pope wanted to address alleged corruption at power and which has seen a rise in On August 6, 1978, Pope Paul VI dies aged that all those reported missing after attacks on foreigners. Shortly after the the Vatican Bank, notably involving its president, Tuesday’s tragedy have now been 80 of a heart attack after 15 years at the Vatican. official ceremony, Autostrade announced On August 26, Cardinal Albino Luciani-the Monsignor Paul Marcinkus, who was suspected accounted for, although rescuers said the it would make 500 million euros ($570 of links to the mafia. A 2017 book by Italian would continue combing the wreckage. patriarch of Venice-is elected pope under the million) available to help those affected name John Paul I. Aged 65, the son of a bricklay- journalist Stefania Falasca, however, refutes the “The bodies of the final three missing by the tragedy and rebuild the partially er from northern Italy has “two deep creases criminal hypotheses. She says he was found in people were found overnight,” Italy’s fire collapsed bridge. which go right down to his chin, features which the early morning by a nun who said he was sit- service said on Twitter yesterday. “The The Morandi viaduct dates from the tell of his peasant origin: Venetian mountain ting on his bed wearing reading glasses with fire service is continuing its inspection of 1960s and has been riddled with structur- people, simple, honest and hospitable,” AFP several typewritten sheets in his hands. The the area in order to rule out the eventual al problems for decades, leading to reports at the time. He demonstrates a more Vatican baulked at the idea of telling the world a presence of people not reported miss- expensive maintenance and criticism from direct leadership style than his predecessors woman had been in his bedroom and seen the ing.” The announcement followed the dis- engineering experts. The company’s boss and avoids ceremony wherever possible. body, so it changed the story, Falasca claims. covery Saturday of the body of a laborer Giovanni Castellucci said it would take Highly sensitive to poverty, the man known as in his 30s in the rubble and the death of eight months to build a new steel bridge the “smiling pope” for his warm and pastoral First non-Italian pope another man in hospital. The disaster has in place of what was left of the viaduct. NEW YORK: Pope Francis greets Donald demeanor, calls for a fair wage for all. But on the Rocked by the death of two popes in the caused public outrage and unleashed a But co-deputy prime ministers Luigi Di Cardinal Wuerl (left), Archbishop of night of September 28-29, he suddenly dies, space of two months, the Church has to find a fierce debate over the state of Italy’s Maio and Matteo Salvini rejected the Washington, at the Apostolic Nunciature to the apparently of a heart attack, just 33 days after successor. “It was already difficult to find a suc- infrastructure. offer as insufficient. Di Maio said “the United States upon returning from his visit to his election. He becomes one of the shortest- cessor to Paul VI. How will the cardinals find Rome has blamed the collapse on state won’t accept Autostrade’s handouts” Capitol Hill in Washington, DC. — AFP lived popes in history. The next morning, Vatican such a good, such a cordial pope as Pope Autostrade per l’Italia, which manages and demanded “credible compensation”, workers gather around little portable radios Luciani?” one retired woman said. On October almost half of the country’s motorway while Salvini called the sum “the bare under the porch to discreetly listen to the news, 16, after eight rounds of voting, white smoke homage to his predecessor. He is enthroned on network including the stricken A10 road. minimum”. “If they think that they have AFP reports. “To pilgrims who enter the basilica, finally emerges from the Sistine Chapel, the sig- October 22, 1978 at the height of the Cold War. The prosecutor investigating the bridge paid for their mistakes then they are mis- they have to answer the question ‘is it really true nal from the 111 cardinals that a new pope has Charismatic, a stickler for tradition, a doctrinal collapse has criticized past management taken,” said Salvini on Saturday. that the pope has died?’ They reply ‘yes’ nod- been elected. The massive crowd waiting in St conservative while embracing modern ways of of Italy’s infrastructure. The government plans to strip ding their heads solemnly.” Peter’s Square celebrates joyfully. “Non-Italian spreading the Gospel, he is credited with helping Francesco Cozzi said the state had Autostrade of all of its lucrative con- pope elected” AFP flashes, even before giving to bring down communism in eastern Europe while “abdicated” its responsibility to ensure tracts, which total 3,020 kilometres Poisoned? the name. Against all expectations, the 58-year- fighting against unbridled capitalism. Although he road safety by handing motorway man- (1,870 miles) of Italy’s 7,000 km-long The Vatican refuses to perform an autopsy, old Polish Archbishop of Krakow, Karol Wojtyla, does not succeed in fulfilling all his commitments, agement to the private sector, in an inter- motorway network. The Liguria region, with speculation stirred by discrepancies he is idolized by many worshippers as “God’s ath- view published yesterday. “The philoso- where Genoa is located, declared a year- is chosen by the conclave. It is a small revolution between the official story of the discovery of lete” for his physical presence. He dies in 2005 phy of our system today sees a state long state of emergency in the aftermath for the Church, which has not had a non-Italian his body and the facts. “The pope was found after suffering for years from Parkinson’s disease stripped of its powers, a sort of absent of the collapse. — AFP pope in more than 400 years. on Friday morning with a serene face, Wojtyla adopts the name of John Paul II in and is made a saint in 2014. — AFP 7 International Monday, August 20, 2018 Angry US leader lashes out at Russia probe as ‘McCarthyism’ US points at China, not Russia, on election meddling
WASHINGTON: US President Donald Trump yesterday Trump called the story a “Fake piece” and seemed par- angrily denounced the federal probe of Russia’s 2016 elec- ticularly incensed at the suggestion that McGahn was a tion meddling as “McCarthyism at its WORST!,” insisting “RAT” like John Dean, the former White House counsel he had authorized his White House counsel to testify to who testified against president Richard Nixon during the bring the matter to a close. Trump’s Twitter storm was set Watergate scandal. off by a front-page report in the New York Times that said “The Failing New York Times wrote a story that made it White House counsel Don McGahn had provided Special seem like the White House Councel [sic] had TURNED on Counsel Robert Mueller with an unusually detailed the President, when in fact it is just the opposite - & the account of Trump’s thinking two Fake reporters knew this. during key episodes under This is why the Fake News investigation. Media has become the Trump-who had already Enemy of the People. So bad addressed the issue late Many lives for America!” “Study the late Saturday-stepped up his Joseph McCarthy, because attacks on the story and the have been we are now in period with probe in a series of angry Mueller and his gang that morning tweets, slamming The ruined over make Joseph McCarthy look New York Times for implying like a baby! Rigged Witch that McGahn had turned on nothing Hunt!” him. “I have nothing to hide ... and have demanded trans- China, not Russia parency so that this Rigged Meanwhile, US National and Disgusting Witch Hunt Security Advisor John Bolton can come to a close. “So many lives have been ruined yesterday singled out China, North Korea and Iran as over nothing - McCarthyism at its WORST!” Mueller is countries who could possibly meddle in American elec- investigating whether the president sought to obstruct tions-as President Donald Trump railed about a probe into justice as well as whether his campaign colluded with Russian interference in 2016. Trump himself pointed the Russia’s covert effort to sway the 2016 presidential elec- finger of blame on Saturday, tweeting: “All of the fools that tion in Trump’s favor. are so focused on looking only at Russia should start also In more than 30 hours of testimony over the past looking in another direction, China.” nine months, the Times said McGahn laid out for inves- When asked about the tweet, Bolton also mentioned tigators Trump’s fury over the probe and the ways in Beijing, which is currently at an impasse with Washington which he asked McGahn to respond to it. Among the on trade talks. “I can say definitively that it’s a sufficient WASHINGTON: US President Donald Trump speaks to the press before boarding Marine One at the White House in episodes he testified to were Trump’s firing of former national security concern about Chinese meddling, Iranian Washington, DC. — AFP FBI director James Comey, and his obsession with put- meddling and North Korean meddling that we’re taking ting a loyalist in charge of the probe, according to the steps to try and prevent it,” Bolton told ABC News. “So all details. “I’m telling you (that) looking at the 2018 election, Robert Mueller’s investigation into Russian interference in Times. It noted that McGahn played a key role in stop- four of those countries, really.” those are the four countries that we’re most concerned the 2016 presidential election, and whether his campaign ping Trump from firing Mueller, who was made special When pressed for further details, especially with rela- about,” he told the network’s “This Week” news program. team colluded with Moscow to sway the contest in the counsel after Comey’s firing. tion to China, Bolton was vague, saying he could not offer Trump has intensified his attacks on special counsel Republican’s favor. — Agencies
Gaza crossing shut down after In war-torn Syria, border violence Russian aid helps JERUSALEM: Israel closed yesterday its only crossing for people with the Gaza Strip except for humanitarian cases families survive after weekend border clashes, the latest tightening of its blockade on the Palestinian enclave despite truce efforts. RASTAN: In regime-held central Syria, The move could prevent Gazans from travelling via the Suleiman Berber carried his son in his arms, anx- crossing for this week’s Muslim holiday of Eid al-Adha, iously observing Russian soldiers unload food which runs from Monday night until Thursday night, but parcels from a truck. His face suddenly lit up as Israeli officials did not say how long the closure would last. his wife managed to grab one, while journalists Israeli Defense Minister Avigdor Lieberman said in a on a media tour with Russia’s army watched on. statement the closure was due to “violent incidents on the Seven years into Syria’s civil war, some 6.5 mil- border last Friday”. The Palestinian Authority civilian lion people in the country are unable to meet affairs office in the Gaza Strip also confirmed the closure their food needs, the United Nations says. In the except for medical cases and Palestinians seeking to cross town of Rastan in the central province of Homs, back into the enclave. Border protests and clashes on 31-year-old Berber said he and his family Friday saw two Palestinians killed by Israeli gunfire. Israel’s depend on aid from government ally Russia to army said firebombs and improvised explosive devices survive. were also hurled at the border fence, while a number of Before the regime returned to Rastan, “it was Palestinians briefly crossed into Israeli territory. DEIR EL-BALAH: Relatives of Karim Abu Fatayer, a 30-year-old member of the Islamist movement Hamas’ military really tough. We didn’t have enough to eat or No Israelis were reported wounded. The closure and wing Al-Qassam Brigades who was shot the day before while demonstrating near the border with Israel, mourn border incidents occurred despite attempts by Egypt and during his funeral in Gaza. — AFP drink,” said Berber, dark rings under his eyes. UN officials to reach a long-term truce between Israel and “Now there’s this aid, it’s better.” Hamas, the Islamist movement that runs the blockaded Around him, dozens of Syrians and their chil- ‘A big step forward’ and to be held by Hamas. Israel is also seeking their return. dren, many dressed in dusty clothes, gathered to Gaza Strip. Israel has enforced an air, land and sea block- Protests and clashes began on the Gaza border on Senior Hamas official Khalil Al-Hayya said on Friday that receive parcels of rice, flour and condensed milk. ade on the Gaza Strip for more than a decade, but grants March 30 and have continued at varying levels since then. he believed a durable truce with Israel was near. permission to a limited number of people to cross for vari- At least 171 Gazans have been killed by Israeli fire during He said that UN and Egyptian talks taking place in Each package bore Russia’s flag and the mes- ous reasons. that time. One Israeli soldier was shot dead by a Palestinian Egypt with various Palestinian factions have “taken a big sage “Russia is with you” in Cyrillic script. The two sides have fought three wars since 2008. Israel sniper in July. There have also been several severe military step forward towards understandings with the occupa- Backed by Russian warplanes since 2015, had just last week reopened its only goods crossing with flare-ups, including three since July. The latest was on tion... and the possibility of restoring calm”. An Israeli offi- President Bashar al-Assad’s regime has recov- Gaza after closing it to most deliveries for more than a August 9, when Israel responded to some 180 rockets and cial said on condition of anonymity Wednesday that an ini- ered large parts of Syria through a combination month over border tensions. Gaza’s only other border is mortars fired from Gaza with widespread air strikes. tial set of “understandings” had been reached with the of deadly bombing campaigns, crippling sieges with Egypt but the Rafah crossing with the enclave had UN officials and Egypt have been seeking to secure a help of the UN and Egypt, leading to several days of calm and surrender deals. Assad’s forces took back largely been kept closed in recent years. Cairo opened it in long-term truce between Hamas and Israel to allow for on the border last week and the opening of the goods control of Rastan in May, under an agreement mid-May and it has mostly remained so since. Separately humanitarian issues in the impoverished enclave of two crossing. Palestinian president Mahmud Abbas has howev- that saw rebels and their family members bused yesterday, US President Donald Trump’s national security million people to be addressed. Israel is demanding calm er expressed concern over any agreement that bypasses out of the town and up to northern Syria. adviser John Bolton arrived in Israel for talks with Prime and a return of the remains of two soldiers Hamas is the Palestinian Authority. Hamas and Abbas’s Fatah, based Minister Benjamin Netanyahu at a time of shared concerns believed to be holding. Two Israeli civilians, both said to be in the occupied West Bank, have been deeply divided for Farming ‘at a loss’ over Syria, Iran and the Gaza Strip. mentally unstable, are also believed to have entered Gaza more than a decade. — AFP Russian army spokesman Igor Konachekov said the regime ally delivers food to the town once a day. “We will continue until the food situ- ation in Syria improves,” he said. “After the war Brazilian border is finished, it could still take several months.” In July, the UN’s World Food Program distributed town drive out food assistance to more than three million peo- ple in Syria. “Soaring food and fuel prices, stag- nant salaries, loss of livelihoods and reduced Venezuelans food production have led to widespread food BRASILIA: Angry residents of a Brazilian border town, insecurity across the country,” it said. Pacaraima, ran riot and drove out Venezuelan immigrants In the neighboring province of Hama, more on Saturday after a local restaurant owner was stabbed than a dozen Syrians worked away on a farm. and beaten, residents and government officials said. The Ahmad Al-Tawil, the owner of the land, said demonstrations forced hundreds of Venezuelans to flee some had returned to work after they were dis- back across the frontier on foot and residents set fire to placed to other parts of Syria or abroad. Others the belongings they left behind and to tires to block the had rented a plot to help feed their families, after only road crossing between the two countries, video the fighting between rebels and regime fighters images released by the state of Roraima government subsided. showed. The outburst of anger was sparked by the rob- “The fighting happened just five kilometers bery and severe beating of a resident in his home on from here,” Tawil explained, standing in an Friday night, Roraima state security secretary Giuliana orchard where he said he has found landmines. Castro said by telephone. “When the shooting got too intense, the workers After crossing back into their country, Venezuelans PACARAIMA: Photo shows the remains of belongings of Venezuelans immigrants burnt by residents of the Brazilian couldn’t come.” His yield has been good this attacked a group of 30 Brazilians who were shopping year, he said, after “lots of rain, which is perfect across the border and who had to be taken to a shelter, border town of Pacaraima after they attacked their two main makeshift camps. — AFP for potatoes and fruit”. Castro said. Venezuela’s Information Ministry did not immediately respond to a request for information. Tens of But due to low exports Tawil is selling them who were camped out here,” Ismael said. He said police Venezuela’s economy has been in steep decline and cheap and his farm is “working at a loss”, he thousands of Venezuelans have poured over the border were looking for the four men. there are periodic waves of protests against the leftist into Roraima state over the last few years, fleeing econom- said, complaining about the high price of fertiliz- “Out, out, out, go back to Venezuela,” demonstrators government of President Nicolas Maduro. Maduro argues er. Regime forces now control 60 percent of the ic and political turmoil in their country. The influx has shouted at the Venezuelans as they rushed passed the bor- that he is the victim of a Washington-led “economic war” overwhelmed the state’s social services and brought a rise country, after earlier this year securing control der post carrying what they could, video images distrib- designed to sabotage his administration through sanctions of Damascus, the country’s centre and regaining in crime, prostitution and disease, as well as incidents of uted by the Roraima government showed. The four and price-gouging. most of its southwest. Syria’s Prime Minister xenophobia, Brazilian government officials say. Venezuelan suspects stole 23,000 reais ($5,800) from the “The only people responsible for this tragedy are A Pacaraima resident who asked to be identified only restaurant owner, identified only as Raimundo. He suffered Maduro and his gang,” tweeted Venezuelan opposition Imad Khamis this week said developing the as Ismael said by telephone that four Venezuelans head injuries and was taken to hospital unconscious but politician Ismael Garcia about the flare-up in Brazil. The agricultural sector was a priority in areas the allegedly entered the restaurant owner’s home, tied him was reported to be out of danger, Castro said. Brazilian Roraima government has declared the immigration government controlled. Measures are to include and his wife up and stabbed and beat the man severely army soldiers stationed at Pacaraima to help maintain influx a social crisis and asked Brazil’s federal govern- abolishing certain taxes for family agriculture before robbing his house. “The people here are up in order asked Venezuelan immigrants to return across the ment to close the border, which it will not do for human- projects, a cabinet statement said. — AFP arms. They are burning the belonging of Venezuelans border for their own safety, Castro said. itarian reasons. — Reuters
Established 1961 9 International Monday, August 20, 2018 Baghdad gun shops thrive after a rethink on control Shop owner sees increasing demand from women
BAGHDAD: In the middle of Baghdad’s busy com- lawless. The authorities have since been battling to hunting and sport. Hamza Maher opened his new Pistol prices in Maher’s shop range from $1,000 to mercial neighborhood of Karrada, where most retail curb illegal weapon sales and the government has gun shop in Karrada after receiving official approval $4,000, while Kalashnikov assault rifles can be had outlets sell home appliances, shoppers can now also stepped up efforts to control gun ownership through from the Interior Ministry and says there has been from as little as $400 up to $2,000, depending on buy handguns and semi-automatic rifles legally for regulation. growing demand for his wares. “Customers are the brand and manufacturing origin, he said. Haider the first time in decades. After the toppling of The latest initiative came into force this summer mainly men, but the number of women buyers is al-Suhail, a tribal sheikh from Baghdad, welcomed Saddam Hussein in 2003, illegal weapons trade and allows citizens to own and carry handguns, growing,” said Maher inside his shop, where a vari- the legalization of gun stores. “Yes, it will decrease flourished across the country. Looted guns from semi-automatic rifles and other assault weapons ety of pistols and assault rifles are on display. crime,” he said on a visit to Maher’s shop to buy ransacked police stations and military bases were after obtaining official authorization and an identity “The reason for buying is self-defense, and it’s assault rifles for his ranch guards. “The criminal who sold in streets and public areas to residents seeking card that also details the individual’s weapons. safer for citizens to buy a weapon from an author- plans to attack others will understand that he will to protect themselves in a state that was largely Previously, gun sales were restricted to firearms for ized store instead of from an unknown source.” pay heavy price.” — Reuters
He was charged with crimes committed on behalf of the US missionary Kurdistan Workers Party (PKK), a Kurdish militant group which has waged a three-decade insurgency against the Turkish state, and on behalf of Gulen’s net- at the centre of work, according to the indictment seen by Reuters. Both are designated terrorist groups by Ankara. He was As killings rise, aid Turkey-US crisis also charged with disclosing state information “for political or military espionage”. Brunson has denied all workers confront the charges against him. IZMIR: When Andrew Brunson saw a police summons on his door in late summer 2016, the US evangelical Secret witnesses era of growing risk pastor thought it was a routine appointment to sort out His indictment, interviews with his lawyer, and three his residency papers in Turkey, his home for nearly a trial sessions attended by Reuters show the accusations quarter of a century. He went to the police station on against Brunson centre around support for separatist DAKAR: Working in conflict zones for years does not Oct 7, 2016, was detained and later charged with Kurds and connections with alleged coup plotters. “I make it any less frightening when armed militiamen involvement in a coup attempt. He is still in detention came to Turkey in 1993 to tell people about Jesus,” he storm the hospital you run, says Colette Gadenne of and is now at the centre of a diplomatic row that has told the judge at his first hearing in April. Dressed in a medical charity Medecins Sans Frontieres (MSF). This fuelled Turkey’s most serious currency crisis for almost black suit and white shirt, he spoke in fluent Turkish, happened three times in three weeks from May to two decades. ignoring the two court translators. “I’ve never done US pastor Andrew Craig Brunson June in Central African Republic, where Gadenne is “Obviously he was more than surprised” to be something secretive in my time in Turkey. The govern- head of the mission. In one case, the fighters fired 21 detained, Brunson’s lawyer, Ismail Cem Halavurt, told ment monitored us all the time but I’ve never done any- rounds before leaving. Reuters in an interview on Friday. Brunson lived and thing against Turkey,” he said. ‘We didn’t know him’ Central African Republic is a particularly bad case, preached in Izmir, a city on Turkey’s Aegean coast near The judge told Brunson he was not on trial for carry- In the Alsancak district of Izmir where Brunson lived, but aid workers worldwide are facing an increase in some of the sites of Christianity’s first communities. At ing out missionary activities but to face the charges a pharmacy owner described him and his wife as “quiet raids, killings and kidnappings as fighters flout the his first hearing in April, attended by Reuters, Brunson against him. Prosecutors questioned why he travelled people”. The owner of a boutique two streets from his international laws meant to protect humanitarians, aid said he was “raising disciples for Jesus” in a country he hundreds of miles from his church on Turkey’s western home said she never met him. “I know everyone in this groups said. This has changed the way agencies oper- deeply loved. In July, after nearly two years in prison, coast to the mainly Kurdish southeast interior, where neighborhood and I had no idea these people lived ate, forcing staff at all levels to grow accustomed to a Brunson was moved to house arrest. A court on Friday the PKK is active. Messages on his phones, travel here,” she said. Turkey’s government says it was similar- constant level of danger and hone skills such as nego- rejected an appeal to release him, saying evidence was details, testimony from his congregation and what the ly unaware of Brunson until his case was raised by the tiating with armed groups, experts said. still being collected and he posed a flight risk, accord- indictment refers to as three secret witnesses, code- US consulate. Foreign Minister Mevlut Cavusoglu said “It is scary. Even if you have experience, even when ing to a copy of the ruling seen by Reuters. named “Prayer”, “Fire” and “Meteor”, were cited in evi- this month that the case was triggered by a criminal you know you have a good network, it remains scary,” US President Donald Trump has demanded dence against him. complaint filed by a translator who had worked for Gadenne told the Thomson Reuters Foundation by Brunson’s unconditional release, describing him as a The indictment cites GPS data showing trips to Brunson and denied that the pastor had been detained telephone from Central African Republic’s capital, “great patriot hostage”, and has slapped sanctions and Suruc, near the Syrian border, and the mainly Kurdish for use as a political pawn. “What possible benefit Bangui. Nearly 140 aid workers were killed last year tariffs on Turkey which have helped push the lira cur- city of Diyarbakir, as well as a meeting in 2010 with a could we get from this person,” Cavusoglu said at a worldwide, a 23 percent rise over 2016, according to rency to record lows. Turkish President Tayyip Erdogan man described by one of the secret witnesses as a US meeting of Turkey’s ruling party in the southern coastal data released this week by independent research has linked Brunson’s release to the fate of Fethullah special forces soldier. Brunson said his trips to Kurdish town of Alanya. group Humanitarian Outcomes. South Sudan was the Gulen, a Turkish Muslim cleric living in the United areas were to help refugees who had escaped war in The senior Turkish official said negotiations had most dangerous country for the third year in a row, States whom he blames for the July 2016 coup attempt. neighboring Syria. “I do not accept that I acted in been held with US counterparts “in different formats” while Central African Republic rose to fourth on the Erdogan has raised tariffs on US cars, alcohol and accordance with PKK targets ... We wanted to convert but declined to comment further. At a NATO summit in list, after Syria and Afghanistan, following a three-fold tobacco in a tit-for-tat response. Syrian refugees coming to Izmir. I do not differentiate Brussels last month, Trump and Erdogan discussed rise in attacks. “You have one pastor as well. Give him (Gulen) to between their ethnic identities,” he said. Brunson. Trump thought he and his Turkish counterpart The dangers limit the areas aid workers can enter, us... Then we will try him (Brunson) and give him to “Prayer”, the secret witness, was quoted in the had agreed a deal to release the US pastor, according leaving more and more people without help, said Sofie you,” Erdogan said in a speech last September to police indictment as saying Brunson was linked to prominent to two US sources. Turkey has denied any such swap Garde Thomle, head of the United Nations’ Office for officers in Ankara. It is a suggestion Washington has suspected members of Gulen’s network. Halavurt said was agreed upon. Erdogan had sought US help to per- the Coordination of Humanitarian Affairs (OCHA) in dismissed. The breakdown in relations between the two the witness had failed to offer concrete evidence of any suade Israeli authorities to release a Turkish woman West and Central Africa. “Most importantly, the lack of NATO allies has thrust Brunson’s case to international such connections. The prosecution said in its indictment being held in Israel, accused of ties to the Palestinian access means we see a much higher loss of lives,” she prominence and made the 50-year-old American the that Brunson’s phone records and witness testimony did militant group Hamas. In exchange, Ankara would told the Thomson Reuters Foundation. “If you look unlikely centre of attention in a currency crisis that has establish the connections. Turkey has detained 160,000 release Brunson , a senior White House official said. back 10 or 20 years ago, it was completely different,” shaken global emerging markets. people since the abortive putsch, almost half of them Israel deported the Turkish detainee, Ebru Ozkan, she added, speaking ahead of World Humanitarian Day Turkish courts have rejected several appeals for formally charged and kept in jail during their trials. on July 15 and later confirmed that Trump had on Sunday, a tribute to aid workers who risk their lives. Brunson to be freed and allowed to leave Turkey. A sen- Brunson was not in the country at the time of the requested her release. Ankara has denied ever agree- Today there is less respect for the rules of war, the ior Turkish official, asked about the case, said that the coup attempt but returned soon afterwards, according ing to free Brunson in return. Brunson’s transfer to international laws that protect people in conflict zones judiciary is independent and the verdict is up to the to his lawyer. In a text message cited in the indictment, house arrest 10 days later was deemed too little, too who are not fighting, Thomle said. “We could expect courts. Halavurt, Brunson’s lawyer, said the North he said the coup attempt “was a shock”. “We were late by Washington and a phone call between the two to be spared because our medical actions are Carolina pastor was not unduly alarmed when he first waiting for some events that would shake the Turks - leaders on July 26 “did not go well”, according to the extremely clear,” said Gadenne of MSF. MSF staff in went to the police station. He expected at worst to be preparing the conditions for Jesus’ return ... I think the US official. Hours later, Trump announced sanctions Central African Republic are in constant contact with given a two-week deadline to leave the country - stan- situation is going to get worse. We’ll win in the end,” against two Turkish government ministers. “They various militias to negotiate access and give help to dard practice with residency violations - and to return said the message, which was dated July 21, 2016 and should have given him back a long time ago, and those who need it, she said. But the staff fell victim to to Turkey when his papers were sorted out. addressed to a fellow pastor, according to the indict- Turkey has in my opinion acted very, very badly,” 40 attacks in the country last year. “We do a lot of dis- Instead, he was held in a detention centre for two ment. Brunson did not deny sending the message but Trump told reporters at the White House on Friday, cussion with armed groups ... and it didn’t work,” months before being formally arrested on Dec. 9, 2016. said it had been misunderstood, the indictment said. referring to Brunson.— Reuters Gadenne said.— Reuters 10 Established 1961
Analysis Monday, August 20, 2018
Established 1961 The First Daily in The Arabian Gulf THE LEADING INDEPENDENT DAILY IN THE ARABIAN GULF ESTABLISHED 1961
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Erdogan’s possible remedies for crisis
he crash in the Turkish lira sparked by US sanctions has left President Recep Tayyip TErdogan facing the biggest economic chal- lenge of his one-and-a-half decades in power. The lira has recently clawed back some of its losses, but economists say Turkey still urgently needs to address imbalances in its economy and avert a full-blown crisis. The fragility of the currency was highlighted again on Friday when Standard and Poor’s and Moody’s both downgraded Turkey’s debt ratings within hours of each other. The lira closed a volatile week of trading at just over six to the dollar, off the lows of over seven earlier in the week, but still sharply down from the start of the month, when it had been changing hands at under five to the dollar. Economists say What happens when an island upsets China Turkey must act to prevent risks spreading to the European and even global economies. Erdogan has mpty hotel rooms, idle tour boats and shuttered and investment. “While Taiwan faces serious diplomatic Marshall Islands and Palau in 2023 and 2024. The United a number of mechanisms at his disposal. But they travel agencies reveal widening fissures in the tiny challenges, the government will not bow down to pres- States provides around $200 million a year on average could prove bitter pills for the Turkish strongman Pacific nation of Palau, which is caught in an escalat- sure from Beijing,” the ministry said on its website. to the Compact states and is responsible for the defense to swallow. E ing diplomatic tug-of-war between China and Taiwan. “Taiwan will work with friendly nations to uphold of the three countries, which each hold a seat at the Late last year, China effectively banned tour groups to the regional peace and stability and ensure our rightful place United Nations. Interest rate hike idyllic tropical archipelago, branding it an illegal destina- in the international community.” Last December, the US belatedly approved $124 mil- Even before the crisis broke, economists were tion due to its lack of diplomatic status. As China extends lion in assistance for Palau through till 2024, but has not urging Turkey to raise interest rates sharply to its influence across the Pacific, Palau is one of Taipei’s 18 Shift in Focus announced any plans to extend the Compact agreements. prop up the lira and rein in inflation. But Erdogan remaining allies worldwide and is under pressure to switch Palau President Tommy Remengesau Jr said there had “The United States and China are not zero-sum competi- - who sees his overriding priority as boosting allegiances, officials and business people there say. been no official communication from Beijing on the tors,” a US State Department spokesperson told Reuters. growth - adamantly refuses, with economists “There is an ongoing discussion about China tourism restrictions. “It is not a secret that China would “However, we have concerns about the sustainability of worried that the nominally independent central weaponizing tourism,” said Jeffrey Barabe, owner of Palau like us and the diplomatic friends of Taiwan to switch to debt loads for countries highly indebted to China, as well bank is firmly under his control. With its hands Central Hotel and Palau Carolines Resort in Koror. “Some them, but for Palau it is not our choosing to decide the as the environmental, social, or labor conditions that often apparently tied when it comes to raising the believe that the dollars were allowed to flow in and now one China policy,” he told Reuters in an interview in come along with Chinese-financed projects.” headline borrowing rate, the central bank has they are pulling it back to try and get Palau to establish Palau’s second biggest city, Meyuns. Remengesau, whose A June Security report from the US-China Economic provided banks with more liquidity, while also ties diplomatically.” In the commercial center of Koror, the and Security Review Commission said Beijing’s increasing quietly using a mechanism that allows de-facto Chinese pullback is obvious. Hotel blocks and restaurants economic engagement in the Pacific was driven by its rate increases on a day-to-day basis. William stand empty, travel agencies are boarded and boats which diplomatic and strategic priorities, including reducing Jackson, economist at Capital Economics in take tourists to Palau’s green, mushroom shaped Rock Taiwan’s international presence, gaining access to natural London, said that while “the sense of acute crisis” Islands are docked at the piers. Prior to the ban, Chinese resources and developing a blue water navy. Former had faded, “policymakers only really seem to have tourists accounted for about half the visitors to Palau. Of Empty hotels, Micronesian government officials said Beijing also wants done the minimum needed”. the 122,000 visitors in 2017, 55,000 were from China and to extend its Belt and Road Initiative to Palau, and could 9,000 from Taiwan, official data showed. Chinese provide an important source of investment once the Regain confidence idle boats investors had also gone on a buying frenzy, building Compact agreement expires. “China is making overtures,” Financial markets are also sceptical about hotels, opening businesses and securing large swathes of said former Palau President Johnson Toribiong. “We Erdogan’s ability to resolve the current crisis, prime coastal real estate. The decline since the ban was should be bringing in investors and that is a big factor in especially after he named his son-in-law Berat announced has been so sharp, charter airline Palau Pacific our Palau-Chinese relationship.” Toribiong, who served Albayrak as finance minister last month. Erdogan’s Airways announced in July it would terminate flights to until 2013, told Reuters Palau should not isolate itself. “I unorthodox beliefs have not helped, with the pres- China, four hours away, from the end of this month. second and final term as president ends in Jan 2021, said like Taiwan. But even Taiwanese want China now. The ident repeatedly baffling markets by suggesting The Chinese government was “putting an effort to Palau welcomed investment and tourism from China but businessmen, they also want China. They don’t care about that low interest rates are needed to bring down slow or stop tourists going to Palau”, said the Taiwanese- the current administration’s principles and democratic political consequence. Think about the economics,” inflation. Moody’s said Turkey lacked a “clear and controlled airline, which has experienced a 50 percent fall ideals aligned more closely with Taiwan. Toribiong said. Palau receives $10 million annually from credible plan” to deal with the challenges while in bookings since the China restrictions began. China has Palau was adapting to the China pullback by focusing Taiwan, as well as education and medical scholarships. S&P said the response from Ankara so far had previously used its tourism clout as a diplomatic tool, last on higher spending visitors rather than mass tourism, Remengesau said Palau has not had any official talks with been “limited” despite the mounting risks. year halting tours to South Korea after Seoul installed a which had taken a toll on the environment, said China for funding after the Compact expires but the gov- Albayrak on Friday insisted that bringing down controversial US missile defense system. Asked if desig- Remengesau, dressed in a lemon coloured shirt and white ernment was discussing the issue internally. inflation was a priority for Turkey. But markets nating Palau an illegal destination was a way of putting shell necklace. One of Palau’s key tourist attractions, the want to see actions rather than words. “Turkey’s pressure on it to move away from Taiwan, China’s Foreign saltwater Jellyfish Lake, was shut in 2017 after large num- Chinese money economic crisis is far from over,” said Mujtaba Ministry said relations with other countries had to hap- bers of swimmers were blamed for contributing to plum- China has quickly become one of the dominant eco- Rahman, managing director for Europe at Eurasia pen under the framework of the “one China” principle. meting jellyfish numbers. “The reality is that numbers did nomic players in the Pacific, spending billions of dollars in Group, calling for a “credible program of fiscal “The one China principle is the pre-condition and not mean big revenues for Palau. It actually made us more trade, investment, aid and tourism across Micronesia and consolidation and economic reform”. political foundation for China to maintain and develop determined to seek the policy of quality versus quantity,” the broader region. China’s total goods trade with the friendly cooperative relations with all countries around said Remengesau, who in 2015 declared most of Palau’s Pacific Island Forum member countries reached $8.2 bil- Ease tensions the world,” it said in a statement to Reuters, without territorial waters a marine sanctuary the size of California. lion in 2017 versus $1.6 billion for the United States, Economists have long warned that Turkey’s high specifically addressing the Palau issue. The “one China” according to the US security report. Chinese concession- inflation, widening current account deficit and vul- principle is a core government policy that states Taiwan Cementing influence al loans to Pacific islands have also risen sharply. In con- nerable banking sector harbored risks. is an inseparable part of China. Taiwan’s Ministry of Former Palau government officials say Beijing is try- trast, Washington’s efforts to strengthen its position in Nevertheless, the immediate cause of the current Foreign Affairs says China has lured four countries to ing to cement its influence in the region ahead of the Palau have been largely superficial, according to locals crisis is the detention for almost two years of US switch diplomatic recognition from Taipei to Beijing in expiry of the Compact Funding agreements between the who cite examples of bigger US flags on their official pastor Andrew Brunson and the ensuing sanctions the past two years by offering generous aid packages United States, the Federated States of Micronesia, the vehicles and increased public signage. — Reuters from Washington that have sent the lira into a tail- spin. One immediate way out of the crisis would be to release Brunson from his house arrest. But this is far from certain, with Turkey noisily asserting fire brigade and police on July 23 trapped hundreds of boring state renaming itself North Macedonia after 27 the independence of its judiciary. Embattled Tsipras vacationers at the coastal resort of Mati near the capital. years of diplomatic deadlock. If the Macedonians Another way could be to defuse the tensions The blow came just as Tsipras was trying to bounce back approve the deal in a September referendum, Greece’s with Europe that have mounted since the failed from months of poor ratings. While polls have not always parliament must ratify it in early 2019. How Tsipras will 2016 coup, and focus instead on the joint opposi- seeks to steady ship proved reliable in recent electoral contests, Tsipras’ Syriza continue to govern at that point if Kammenos defects is tion to Washington’s unilateral trade measures. The party was trailing the conservative New Democracy party anyone’s guess. last week saw the surprise releases of two Greek after fire tragedy by up to 14 points even before the fire tragedy. soldiers held for around six months and the Turkey Skills to fight back chair of Amnesty International held for over a year, ‘Time to go’ The premier is likely to stick to the issues which moves bound to gladden Brussels. These releases he summer was meant to have been a chance for Tsipras’ “government is worn out, it is morally dis- helped him to office, the economy and corruption. “were not a coincidence”, commented a European Prime Minister Alexis Tsipras to bask in the suc- credited and its managerial shortcomings have been Tsipras insists he has done more than any recent leader diplomat, asking not to be named. Tcess of Greece finally turning the page on the exposed,” says Thanassis Diamantopoulos, politics pro- to combat poverty, and is expected to announce a fresh bailout era. But the wildfires outside the capital Athens fessor at Panteion University in Athens. “I think we’re batch of low-income benefits in September. “Tsipras Ask for help that killed nearly one hundred people also laid waste to reaching the point where people who were kind of mid- has the skills to articulate a vision and to present the In such a situation, the logical move for many a hoped-for political rebound ahead of elections due dle-of-the-road and had an open mind are very angry work of his government in a way that can win him countries would be to turn to the International next year. As recently as June, Tsipras was tapping into with Syriza now,” added Nikos Konstandaras, a veteran votes,” said Vassilis Monastiriotis, associate professor Monetary Fund (IMF) for help. But Washington a sense of optimism about Greece putting behind it columnist for liberal daily Kathimerini. “And I think of political economy at the London School of may not be too keen. And this also appears to be a nearly a decade of economic crisis as its third interna- you’re going to be getting a lot of people saying ‘any- Economics’ European Institute. “The fact that the red line for Erdogan, too, who has repeatedly tional bailout ends on August 20. body but them, let’s get them out,” Konstandaras said. adjustment program was concluded should be seen a boasted that Turkey managed to clear all of its “Day by day, uncertainty will be replaced by stabili- The opposition has also stepped up its attacks on great achievement in itself: many previous governments debts to the IMF by 2013. Albayrak said Thursday ty. Danger will be replaced by security and safety,” a Tsipras. “It’s time for him to go,” New Democracy tried and failed, so whoever managed to close the pro- that Turkey was not in contact with the IMF over a beaming Tsipras told political allies and friends at a leader Kyriakos Mitsotakis told the Athens Voice portal gram deserves credit,” he said. bailout and said Ankara was looking to attract new reception at the majestic Zappeio pavilion in Athens. earlier this month. But elections are not due until Tsipras has also consistently hammered New investments instead. But within a month, jubilation came crashing down as September 2019, although Tsipras could call them early, Democracy - which ruled the country for 15 out of the After hosting his ally the amir of Qatar earlier scores died in wildfires near Athens, torching both possibly to coincide with European and local elections last 30 years - on corruption and economic misman- this week, Erdogan secured a pledge for some $15 Tsipras’ boyish appeal and possibly his government’s in May. But the government might not last that long in agement issues. Earlier this month, the health ministry billion of investment from the gas-rich emirate. But legacy too. “(This) is the most difficult moment from the office. His coalition partner Panos Kammenos, head of said it had found a 90-million-euro ($100 million) hole according to Berenberg Bank economist, Holger time we took over the government,” Tsipras’ telecoms the nationalist Independent Greeks party, has threat- at the state disease watchdog during a seven-year Schmieding, the Turkish economy, the world’s 17th minister and close advisor Nikos Pappas acknowledged ened to leave the government over a disputed name period of conservative and socialist governments. “It is biggest, is far too important to be kept afloat with earlier this month. deal with neighbouring Macedonia. possible that Tsipras may be able to turn it around, relatively small amounts of foreign money. — AFP Anger at Greece’s deadliest fire disaster has mixed Highly controversial, particularly in Greece’s north- although this remains the least likely scenario,” said with disbelief as a combination of tactical errors by the ern region of Macedonia, the deal foresees the neigh- Monastiriotis. — Reuters Established 1961
MONDAY, AUGUST 20, 2018 Business
‘Everything’s business’: Rohingya Bloodbath in emerging markets Venezuela on edge as Maduro 12crisis offers earning opportunity 13 pushes dollar higher; euro firms 14 unveils raft of financial reforms
VIENNA: In this file photo, the venue for OPEC meeting is seen in Vienna. Iran told OPEC yesterday no member country should be allowed to take over another member’s share of oil exports. Iran: No OPEC member can take over its share Tehran seeks OPEC’s support against US sanctions LONDON: Iran told OPEC yesterday no mem- license for such actions,” Iran’s oil ministry news Countries after Saudi Arabia and Iraq. Trump deal, including Britain, France, Germany, Russia ised to make up for Iran’s loss after the new ber country should be allowed to take over agency SHANA quoted Kazem Gharibabadi, the has called on OPEC to pump more oil to bring and China, have been working to find a way to round of U.S. sanctions hit its energy and bank- another member’s share of oil exports, express- permanent envoy to Vienna-based international down prices. Energy ministers of Saudi Arabia, a salvage the agreement despite US pressures. ing sectors, but did not give more details. ing Tehran’s concern about Saudi Arabia’s offer organizations, as saying. US ally, and Russia said in May they were pre- Iran’s vice president said yesterday that the In August, Washington imposed sanctions on to pump more oil in the face of US sanctions on In May, US President Donald Trump pulled pared to ease output cuts to calm consumer government was seeking solutions to sell oil and acquisition of US dollar bank notes by the gov- Iranian oil sales. out of an international nuclear deal with Iran worries about supply. transfer its revenues despite fresh US sanctions on ernment of Iran, Iran’s trade in gold and precious In a meeting with OPEC Secretary-General and announced sanctions against the OPEC “Iran believes that OPEC should strongly Iranian energy and banking sectors. “We are metals, and its automotive sector. Mohammad Barkindo, a senior Iranian diplomat member. Washington is pushing allies to cut support its members at this stage and stop the hopeful that the European countries can meet On Nov. 4, Washington will reimpose sanc- urged him to keep the group out of politics. “No imports of Iranian oil to zero and will impose plots of countries trying to politicize this organi- their commitments but even if they cannot, we are tions on Iran’s oil exports and energy sectors, country is allowed to take over the share of oth- a new round of sanctions on Iranian oil sales zation,” Gharibabadi said. seeking solutions to sell our oil and transfer its financial institutions conducting transactions er members for production and exports of oil in November. Regional rivals Saudi Arabia and Iran are revenues,” Eshaq Jahangiri was quoted as saying with the Central Bank of Iran, as well as sanc- under any circumstance, and the OPEC Iran is the third-largest oil producer in the involved in proxy wars, including in Yemen and by the state news agency IRNA. tions related to Iran’s port operators and ship- Ministerial Conference has not issued any Organization of the Petroleum Exporting Syria. Iran and other signatories of the nuclear Jahangiri said European countries had prom- ping sectors. — Reuters Greece emerges tries. Chemicals manufactured by Ineos are from bailouts UK’s richest man found in various everyday products, from shower gel to medication. relieved, but forced out of Motorbikes and football Ineos grew through acquisitions, including not euphoric the shadows the $9 billion purchase of petrochemical LONDON: Reclusive titan of industry Jim group Innovene, a subsidiary of BP. He ATHENS: The youngest Greeks may not be able Ratcliffe has found himself under unusual acquired the giant Grangemouth refinery in to remember what life was like beforehand: the scrutiny after being declared Britain’s richest Scotland as part of the deal, where he was third and last of the country’s international man, with his political leanings and tax affairs soon plunged into battle with unions. bailouts comes to an end today and while Greece coming under the microscope. The 65-year- The group’s tactics have led to accusa- is faring better, it still bears the scars of eight old head of the Ineos chemicals group has tions of asset stripping, but Ratcliffe told the years of austerity. assets worth an estimated £21 billion ($26.7 BBC’s HARDtalk program in 2016 that it After Portugal, Ireland, Spain and Cyprus, billion, 23.5 billion euros), putting merely pursued “management Greece was the last eurozone member to benefit him top of the 2018 Sunday with more cost effectiveness”. from an international bailout program in the fall- Times rich list. Ratcliffe is also a strong advo- out from the eurozone crisis. He was only 18th on last year’s cate of shale gas, organizing in In three successive programs — 2010, 2012 list but the value of his company, of late 2016 the arrival from the and 2015 — the European Union, the European which he owns 60 percent, soared United States of the first cargo Central Bank and the International Monetary last year, propelling him up the destined for Britain. The entre- Fund loaned debt-wracked Greece a total 289 ranks and earning him a knight- preneur even tried his luck find- billion euros ($330 billion). But the economic ATHENS: A woman walks past a derelict building covered by a giant banner in Athens, hood from Queen Elizabeth II. ing reserves at home, but reforms its creditors demanded in return almost yesterday. Today, Greece’s third and final bailout officially ends after years of hugely It is a long way from his hum- progress has been slow in a brought the country to its knees, with a quarter of unpopular and stinging austerity measures. — AFP country reluctant to embrace the ble beginnings, growing up in Jim Ratcliffe its gross domestic product (GDP) evaporating social housing in Manchester, shale revolution. Ratcliffe has over eight years and unemployment soaring to cut by as much as a third during the crisis. But despite the resounding “No” of the Greek northern England. After earning a continued to diversify his group, more than 27 percent. The economy is now Nevertheless, many economists, such as population to the international creditors in a pub- chemistry degree from the University of entering into the automotive sector with the expanding and the jobless rate in May was back Theodoros Stamatiou of Eurobank, argued that lic referendum, Tsipras-faced with a possible ejec- Birmingham and an MBA from the London aim of building the successor to the rugged below 20 percent for the first time since 2011. while bailout programs were “unavoidable” in a tion of Greece from the single currency area-was Business School, Ratcliffe began a 40-year Land Rover Defender car. But “it would be arrogant to say that we did country lagging far behind in reforms, they were compelled to sign a third bailout program the fol- career in the business world at investment The group will decide in the coming everything right in Greece”, said Klaus Regling, also too harsh. lowing July. Nonetheless, all of Greece’s major company Advent International before creat- months whether assembly will take place in head of the European Stability Mechanism, which political parties, including Tsipras’s Syriza, are ing Ineos in 1998. The company went on to Britain or on the continent. The marathon- is in charge of the current program, in a German No new collapse convinced of the need for serious reforms. become an industrial juggernaut in a country running entrepreneur has also invested in the magazine interview last week. Leftist Prime Minister Alexis Tsipras and his Economics professor Nikos Vettas regards this as increasingly dominated by the service sector. Belstaff motorcycle-clothing specialist and Regling told the online edition of the weekly then Finance Minister Yanis Varoufakis tried to a favorable development and says that “nobody The group now has annual sales of $60 billion Swiss football club FC Lausanne, despite Der Spiegel that he felt “tremendous respect” for soften the terms of the second program when really thinks any more that Greece will collapse”, a and employs over 18,000 people in 24 coun- being a Manchester United fan. — AFP the Greeks, whose salaries and pensions had been they came into power in January 2015. view that appears to be widely shared. — AFP 12 Established 1961 Business Monday, August 20, 2018 ‘Everything’s business’: Rohingya crisis offers earning opportunity
Cox’s Bazar district hosts one million Rohingya from Myanmar
TEKNAF, Bangladesh: Captain Min Min, shi” chestnuts ubiquitous at Rohingya snack week at the existing camps. “Now it is a Buddhist from Myanmar, looks on as a stalls. The refugee influx has been good for around 300,” he explains. stream of Muslim Rohingya laborers zig- business, adds his friend Thoin Line, an eth- Like many other Bangladeshis, Kaiser’s zag up narrow gangplanks hauling sacks of nic Rakhine importer from the Bangladesh income has surged in step with the crisis. ginger from his boat onto Bangladeshi soil- side of the border. Stores to repair and pawn Rohingya one of many seizing the economic opportu- “The Rohingya are tough... they work jewelry, stalls selling gaudy saris and shops nities presented by a refugee crisis. night and day,” he says, adding, “and their charging refugees 30 US cents to watch “I don’t worry about conflict... every- wages are not too high.” Below, a line of live English Premier League football match- thing is just business,” the ethnic Rakhine drenched, wiry workers emerge from the es on their TVs have sprung up around the skipper says, offering beverages, cigarettes hull of the boat, each shouldering two 30- camp fringes over the past year. and big betel nut-stained smiles as he waits kilogramme (66-pound) sacks of ginger for his nine-ton cargo to be unloaded. imported from Myanmar. NGO influx The Bangladeshi district of Cox’s Bazar They will earn between 300-500 taka Furthermore, the non-profits which work now hosts around one million Rohingya ($3-6) a day for their back-breaking in the camps are big buyers of local bam- from Myanmar, the vast majority of whom efforts-a decent wage of sorts for laborers boo, tarpaulins, concrete, pots, pans and fled their country a year ago, driven out by officially barred from working in blankets and employ thousands of the army and mobs of ethnic Rakhine, who Bangladesh and thus compelled to pay a Bangladeshi and Rohingya staff. falsely brand the Muslim minority as share of their earnings to camp leaders who Bangladeshi Mohammad Jashan, 26, “Bengali” intruders. cherry-pick the workforce. whose home is just outside Kutupalong, The makeshift Rohingya camps have Most refugees are either jobless or stuck says he has climbed up the value chain in now congealed into tent cities spread out at the bottom of the labour ladder, a place each of the three jobs he has held in foreign across hills and farmland. They contain new they have occupied since Myanmar first organizations in the last 12 months. TEKNAF, Bangladesh: In this photo, Rohingya workers transport 30kg sacks of ginger and dynamic economies, pump-primed by began expelling its Rohingya in 1978. He now earns $300 a month for a British from a boat, which arrived from Myanmar’s Rakhine state, to waiting trucks at Teknaf donor money and driven by a captive mar- charity-several times higher than the port near Cox’s Bazar. — AFP ket of hundreds of thousands in need of Praying for rain national average. food, shelter, work and-for those who can At the Kutupalong megacamp “My next salary will be higher as I have afford it-consumer goods. Bangladeshi entrepreneur Kamal Hussein, more skills,” he says, beaming proudly. refugees to have lived in Bangladesh for soon, cash and jobs are the best route to For generations trade has diluted ethnic 24, is praying for rain. His income comes But pinch points are emerging. Poorer years. “We only get basic rations now,” the keeping the peace. and religious rivalries among the Rakhine, from a row of nearly 50 mobile phone Bangladeshis say the Rohingya influx has 18-year-old said. At a beach outside the Shamlapur camp, Rohingya and Bangladeshis who flit charging points secured by bamboo struts. collapsed wages. Crime, drugs and prosti- Rohingya fisherman Mohammad Hossain between the two countries. “Business is slow... it is sunny and most tution are rising, while the foreign NGO Keeping the peace says he worked his way up over two Commerce was barely interrupted as people have solar panels so they don’t need influx has warped prices-making owners of In June the World Bank moved to head decades from crew to become the co-own- scores of Rohingya villages were torched in our shop,” he says. Business is better when apartments, cars, hotels and restaurants off angst between the Rohingya and their er of two of the distinctive crescent-shaped August last year, sparking an exodus of it rains because then “the solar panels don’t richer, but sharpening the poverty of the Bangladeshi hosts, offering nearly half a bil- boats that dot the coastline. around 700,000 people by land and sea work”, he adds. Consumer goods like locals with nothing to offer them. lion dollars in grants for refugee health, It is a dangerous job in the high mon- into Bangladesh. mobile phones are in hot demand as Even among the Rohingya resentments education and sanitation. soon seas. But there is no shortage of The skies were heavy with smoke, but refugees settle in, spending salaries and are emerging. “After the new refugees came The aim is to help ease Dhaka’s burden willing crew so the number of boats Min Min says he carried on delivering his remittances from relatives overseas. the NGOs put all the focus into them,” says and establish services that will also be braving the waves has increased along “Made in Myanmar” cargo to Teknaf port- Salesman Kaiser Ahmed says before last Setara Begum, who was born in Kutupalong used-and staffed by-Bangladeshis. With with the catch, as money is spun from rice, ginger, make-up, noodles and the “ain- August’s crisis he sold five or six phones a and is one of the roughly quarter million refugees unlikely to be repatriated any time desperation. — AFP
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Twenty-four farm of 100 hectares (245 acres) that has been in • United Kingdom: 08000988456 Banking or NBK Mobile Banking available for all years on and the white community that makes up her family for five generations. “The Zimbabweans • Canada: 1-855-577-7625 smartphones. eight percent of the population “possess 72 percent • France: 0805080765 Providing convenience and reliability when travel- of farms” compared to “only four percent” in the might have seized land without compensation, but • Germany: 08001811475 ling, NBK continues to offer its customers a wide range hands of black people who make up four-fifths of they are still paying for it through years of economic • Turkey: 008001139247 of exclusive services and offers to satisfy the needs of the population, according to Ramaphosa. decline,” she added, referring to the disastrous lega- • Italy: 800792255 customers. NBK has the widest banking presence, To remedy the imbalance, the president recently cy of land reform launched by former leader Robert • Spain: 900839159 available across four continents in cities and countries announced that the constitution would be altered Mugabe in 2000. that comprise Geneva, London, New York, Paris, to allow for land to be seized and redistributed The smattering of white audience members “NBK stays close to you wherever you are this Eid. Shanghai and Singapore. Meanwhile, regional coverage without compensation to the current owners. applauded her point. — AFP We’ve made communicating with us easier and avail- extends to Bahrain, Egypt, Jordan, Iraq, Lebanon, Saudi able at all times to ensure the best and most convenient Arabia, Turkey and UAE.
in demand. Economists at the Bank of England who Hammering of monitor the global growth to set monetary policy said EXCHANGE RATES on their blog that for them it “is crucial to assess what is happening in the world economy in real time copper price a or ‘nowcast’ economic activity.” Copper prices pro- Indian Rupee 0.003884 0.004666 vide such a real time signal. BAHRAIN EXCHANGE COMPANY WLL Indonesian Rupiah 0.000017 0.000023 worrying signal Japanese Yen 0.002671 0.002851 How good are his diagnoses? CURRENCY BUY SELL Korean Won 0.000261 0.000276 Europe Malaysian Ringgit 0.070834 0.076834 Last year’s acceleration of global growth surprised British Pound 0.382219 0.396119 Nepalese Rupee 0.002630 0.002970 for global growth the International Monetary Fund and several central Czech Korune 0.005531 0.014831 Pakistan Rupee 0.001915 0.002685 banks. The Bank of England economists noted that: Danish Krone 0.042568 0.047568 Philippine Peso 0.005748 0.006048 Euro 0. 341664 0.355364 “Metals prices rose 30 percent over 2017, reflecting Singapore Dollar 0.216739 0.226739 LONDON: The plunge in the price of copper by more Georgian Lari 0.137932 0.137932 Sri Lankan Rupee 0.001564 0.002144 the continued and surprising strength of the global Hungarian 0.001146 0.001336 Taiwan 0.010436 0.010616 than 20 percent since the beginning of June has worried economy”. Norwegian Krone 0.031950 0.037150 Thai Baht 0.008840 0.009390 Romanian Leu 0.065164 0.082014 analysts who see it as a bad signal for the global econo- It also works the other way. “The price of copper my. The red metal has acquired the sobriquet Doctor Russian ruble 0.004563 0.004563 Arab fell steeply during the global financial crisis,” said Slovakia 0.009088 0.019088 Bahraini Dinar 0.791661 0.808161 Copper for its ability to take the temperature of the Andrew Kenningham, Chief Global Economist at Swedish Krona 0.029172 0.034172 Egyptian Pound 0.014368 0.020086 world economy. Capital Economics. Swiss Franc 0.299589 0.310589 Iranian Riyal 0.000084 0.000086 Iraqi Dinar 0.000200 0.000260 “And if it continues for much longer, the latest Australasia Jordanian Dinar 0.424685 0.433685 Why trust Dr Copper? leg down will begin to look ominous.” Australian Dollar 0.214884 0.226884 Kuwaiti Dinar 1.000000 1.000000 Doctor Copper is able to tell when the world But copper prices aren’t a foolproof signal as they New Zealand Dollar 0.196249 0.205749 Lebanese Pound 0.000156 0.000256 economy is going to get sick or get better because of Moroccan Dirhams 0.022483 0.046483 are also due to supply factors. “Copper prices are America Omani Riyal 0.783682 0.789362 the ubiquity of copper in the modern world. It is used driven not only by physical demand but also by sup- Canadian Dollar 0.227886 0.236886 Qatar Riyal 0.079252 0.084192 in plumbing, heating, electrical and telecommunica- US Dollars 0.300050 0.305350 Saudi Riyal 0.080020 0.081320 ply shocks, speculation and exchange rate move- US Dollars Mint 0.300550 0.305350 tions wiring. “Trains, planes and automobiles are full ments,” said Kenningham. As copper is traded in dol- Syrian Pound 0.001289 0.001509 of copper, so too are homes and appliances,” said Tunisian Dinar 0.106358 0.114358 lars, when the value of the Chinese yuan or other Asia Turkish Lira 0.048173 0.059673 Russ Mould, investment director at AJ Bell. So, it is emerging market currencies fall it becomes more Bangladesh Taka 0.003004 0.003806 UAE Dirhams 0.081384 0.083084 hard to imagine economic growth without copper, Chinese Yuan 0.042929 0.046429 Yemeni Riyal 0.000989 0.001069 expensive, dampening demand and pulling the price Hong Kong Dollar 0.037004 0.039764 and the market price of the metal reflects fluctuations of the metal lower. — AFP Established 1961 13 Business Monday, August 20, 2018
NBK Money Markets Report Bloodbath in emerging markets pushes dollar higher; euro firms
Turkey reassures investors over currency
KUWAIT: The US dollar continued its upward momentum last week fueled by the bloodbath in emerging markets following the turmoil in Turkey. Though the US has limited exposure to Turkey, the recent volatility was spread to other parts of the world, especially emerging markets, and could heighten worries on US trade rela- tions with major partners. European Central Bank regulators also reported concern on the exposure of banks in the region, specifi- cally Spain, Italy, and France. The concern is that Turkish borrowers may default on loans denominated on stronger currencies, as banks stand at a risk. Turkey’s finance min- motor vehicles and clothing, suggesting the ing September 2018. The current readings ister Berat Albayrak reassured investors in economy remained strong early in the third of inflation may warrant such reductions, a call last week that the government is com- quarter. The Commerce Department said yet the market is still uncertain on the effect mitted to tackling rampant inflation. retail sales increased 0.5 percent last on inflation readings and the economy after The possibility of a breakthrough in the month. But data for June was revised lower the reductions of the QE program. US-China trade dispute eased the worries in to show sales gaining 0.2 percent instead of On the FX side, the euro started the the markets which were struck by the infus- the previously reported 0.5 percent rise. week at 1.1388 and traded in a narrow gaining just 0.09 percent on the day. median estimated in an MNI survey. The ing financial crisis in Turkey. US equities Economists polled by Reuters had forecast range while losing ground to the dollar to Inflation met expectations in July and slowing was due to restaurant sales growth recouped their losses as investors brushed- retail sales nudging up 0.1 percent in July. reach 1.1301 on Wednesday. The single cur- reversed the 2018 downward trend, rising falling to 9.4 percent in July from 10.1 per- off the political conundrums. Nevertheless, Retail sales in July increased 6.4 percent rency was supported at the 1.13 levels as to 2.5 percent. The Office for National cent in June, and goods sales growth demand on treasuries as safe-havens con- from a year ago. July’s increase in core the crisis in Turkey started taking a turn in Statistics report revealed that the rise is decreasing to 8.7 percent in July from 8.9 tinued and kept the 10-year US treasury retail sales suggested the economy started the right direction at least. attributed to higher transport fees and fuel, percent in June. From January to July, the yield at around 2.85 percent level. the third quarter on a solid footing after along with irregular computer game prices. growth slowed overall, to 9.3 percent from On the FX front, the US dollar had a logging its best performance in nearly four UK unemployment rate The sterling continued its bearish move 10.4 percent in the same period last year. volatile week reacting to sudden changes in years in the second quarter. The unemployment rate in the UK last week reaching 13-month low of 1.2662 Industrial production growth was reported the trade-war rhetoric and the develop- dropped to 4 percent, its lowest level in 40 even though robust economic figures on the as 6.0 percent yearly in July, unchanged ments in the Turkey crisis. The greenback Eurozone inflation steadies years as reported by the Office for National labor market and inflation surfaced. The from the reading in June but well below gained as much as 0.75 percent during the Yearly inflation in the eurozone remained Statistics on Tuesday. Due to a reportedly market is expecting a no deal Brexit by analysts’ predictions of a 6.4 percent yearly past week and was supported by solid retail static at 2.1 percent in July with no move- high number of job vacancies, employment is March 2019 and is pricing it in the currency growth in an MNI survey. The year-to-date figures on Wednesday. The currency closed ments from the prior reading. Similarly, core expected to rise significantly in the near levels at the moment. data, which was 6.6 percent y/y, was down the week at 96.101. inflation reading came at 1.1 percent on future. On the other hand, wage growth 0.1 percentage point from last month. yearly basis in July as well. The ECB have reported slower growth rising at just 2.4 per- Economic output in China eases US retail figures pledged to end the QE by the end of the cent, below economists’ forecasts. The pound Retail sales growth dropped to 8.8 per- Kuwaiti dinar US retail sales rose more than expected year and start reducing the 30 billion in initially spiked, but quickly declined due to cent in July, compared with the 9.0 percent USDKWD opened at 0.30330 yester- in July as households boosted purchases of monthly asset purchases to 15 billion start- the weaker than expected wage growth data gain in June. It was lower than the 9 percent day morning.
biology, management, accounting.” he French farm said standing amongst rows of toma- toes, peppers, eggplants and other vegetables. aims to grow “When you are not part of it, it’s dif- ficult” to get started, he added. Here, for Has the eurozone new crop of roughly 300 euros ($340) per month, Danjou gets to test his hands with a learned from its parcel of 5,000 square meters (half a farmers hectare, 1.2 acres) that has access to water and electricity. Moreover, he has Greek odyssey? access to farm machinery that all the BRUSSELS: Greece will formally turn the page BELBERAUD, France: They bandy aspiring farmers share. about terms like “co-working” but on its debt saga this week, but the eurozone The tractors and tillers alone cost remains vulnerable to further crises, with econ- instead of coding and developing algo- around 40,000 euros. Adding that to rithms in open space offices they work omists particularly worried about the situation the cost of land shows how setting up a in Italy. out in the open trying to tease tomatoes farm is a costly endeavor. from the soil. After eight long years and three austerity- “The risk is there when you start,” heavy bailouts, Athens will on Monday formally Welcome to the Hundredth Monkey said Danjou.”You buy, you have huge Farm where aspiring farmers can benefit leave the financial rescue umbrella of its creditors costs, you need to generate a certain In this file photo, a woman harvests eggplants (aubergines) at “The 100th from the EU and International Monetary Fund. from the same type of coaching and amount of sales from the first year, you shared resources that many hi-tech Monkey” or “Le 100e singe” collaborative farm in Belberaud near the southern But while both European and Greek politicians can’t make any mistakes,” he said as he French city of Toulouse. — AFP have hailed its return to the markets as “historic” startups get from business incubators or worked the soil. “Without experience, co-working. good news, serious challenges remain for the 19 it’s scary.” countries that use the single currency. The name pays homage to the hun- spaces and tools.” don’t learn that overnight.” dredth monkey effect, the concept that ‘Agricultural co-working’ In 2016, after several years in the sol- That is why the Hundredth Monkey an idea or behaviour will spread rapidly The Greek boomerang Amandine Largeaud, one of the idarity economy, she joined up with 11 Farm is also a business incubator, offer- “The Greek crisis has not been solved, it has once it is adopted by a critical mass. founders of the Hundredth Monkey other people to launch the Hundredth ing aspiring farmers training and coach- This farm in Belberaud outside the just been postponed,” said Charles Wyplosz, Farm, calls their model “agricultural co- Monkey Farm on a 19th century holding ing as well as some administrative and Professor of International Economics at the southern French city of Toulouse is working”. Co-working emerged a of five hectares. legal assistance. seeking to promote a “more sober, more Graduate Institute of International and decade ago as an option for freelance Largeaud noted that as the French The aspiring farmers all sign a spe- Development Studies in Geneva. durable” alternative to industrial farm- employees and internet startups, where agricultural system is based on handing cial type of pact that guides associa- ing, one that is adapted to small hold- Athens will not even start to repay until 2032 renters share not only office space but down land and skills through families, it tions in France which help entrepre- the bulk of its huge debt, which remains at a ings. And its “monkeys” aren’t necessar- form a community where they can share is difficult for outsiders to break into neurs that define what help they receive ily born into farming. Sacha Danjou, 25, colossal 180 percent of Greece’s gross domestic experience and expertise. the sector. and as all have been recognized by the product. In the meantime it is impossible to say is a former aeronautical engineer learn- Largeaud acknowledged some might “When you want to get started you authorities as switching professions, ing to manage a farm. where the country will be politically and economi- find it surprising applying the concept don’t realize how much paperwork there they continue to receive unemployment cally. The IMF has in recent months issued a series “Being a farmer, it’s a different world to the fields, but “it’s like office co- is and the different agencies that you benefits or payments for low-income that touches on a lot of different areas: of warnings about the long-term sustainability of working, actually. We simply share the need to deal with,” said Danjou. “You workers. — AFP Greek debt despite the eurozone’s latest arrange- ments to reduce it. Wyplosz criticized the EU’s “spectacular cyni- This past week, Ghana’s deputy cen- cism” during the crisis. “The problems weren’t Ghana tral bank governor Elsie Addo Awadzi solved but they pretended to believe they were.” said in an interview that law enforce- “One way or another it will explode. Greece ment agencies will “further investigate will be in crisis again well before 2032.” backpedalling criminal behavior” connected to the failed banks. Europe’s debt mountain out of banking Ghana faces a “now or never” deci- “We have in no way resolved the problem of sion to clean up the banking sector, public debt, which remains large in Italy, Greece economist Eric Osei-Assibey told AFP. and Portugal, despite their efforts,” warned Anne- crisis “This central bank is carving a niche for Laure Delatte, deputy director of the French glob- itself. It is beginning to bite and that al economy research body CEPII. European ACCRA: Ghana is backpedalling out of alone could engender some confidence a banking crisis as the government heavyweights France and Spain also have signifi- in the medium and long term,” Osei- cant debt, which could further weigh down the takes on debt to save a troubled sector Assibey said. and vows to punish the executives eurozone. responsible. “Debt is a factor in vulnerability, which can be ‘Good progress’ so violent that it passes onto the markets,” added Early in August, Ghana’s central The banking intervention will add to bank revoked the licenses of five local Delatte. But other countries that have adopted the Ghana’s already high debt burden, said euro have seen their debt fall and so the single banks and combined them into one-the Razia Khan, Africa economist at newly created state-run Consolidated currency area is increasingly polarized between Standard Chartered, in a note to the “good students” and the others, with diverging Bank-issuing 5.8 billion cedis ($1.2 bil- investors earlier this month. lion) in bonds to clear their debt. The interests. The first group back budgetary rigor Ghana is currently in its final year of ACCRA: Ghana’s central bank revoked the licenses of five local banks and com- Bank of Ghana (BoG) accused the col- and spending controls-the second call for more an IMF bailout totalling almost $1 bil- bined them into one, issuing 5.8 billion cedis in bonds to clear their debt. —AFP lapsed banks of a range of issues, solidarity. lion, with its debt as a percentage of Italy is becoming a serious risk for the eurozone including poor corporate governance, gross domestic product hovering over questionable transactions and dishon- because of its debt, its fragile banks, and above all 60 percent. Along with the dation in recent months”, said Khan. it may even play a positive role in the because of a populist government that seems bent est reporting. Consolidated Bank loan, the central “The action taken to strengthen the economy, said Souhir Mzali, Africa edi- The merger was just one step out of on confrontation with Brussels, say economists. bank will give support to other banks in banking system is likely to be viewed as tor at Oxford Business Group, a “You’ve got a country with debt at 130 percent of many that President Nana Akufo- order to help them meet a minimum a necessary measure by the fund and London-based research firm. “It might Addo’s government has been forced to GDP, serious internal problems, a dirty banking capital requirement of 400 million cedis we do not expect this to disrupt dis- transform from a debt burden to an system, and now it’s led by people who don’t know take in order to reform Ghana’s rotten by the end of 2018. bursements under the current IMF pro- asset by the time the government is banking sector, brought close to col- what they’re going to do. The threat is very clear,” Despite the turmoil, “Ghana has gram,” she said. expected to offload shares in 2020,” said Charles Wyplosz. — AFP lapse as a result of bad governance and made good progress on fiscal consoli- If Consolidated Bank is run properly, Mzali said. — AFP weak lending. 14 Monday, August 20, 2018 Business Venezuela on edge as Maduro unveils raft of financial reforms Opposition groups plan protests tomorrow
CARACAS: Uncertainty reigned in Venezuela on times the previous level of less than a dollar at petro in a bid for liquidity to try to circumvent Saturday after President Nicolas Maduro the prevailing black market rate. US sanctions that have all but stamped out unveiled a major economic reform plan aimed at Maduro also said the country would have international financing. halting the spiraling hyperinflation that has one fluctuating official exchange rate, also But there’s a good reason the redenomination thrown the oil-rich, cash-poor South American anchored to the petro, without saying what the hasn’t generated renewed hope or investor con- country into chaos. starting level would be. fidence: Venezuela has done this before. Ahead of a major currency overhaul today, As it stands, the monthly minimum wage- Maduro’s predecessor Hugo Chavez stripped when Caracas will start issuing new banknotes devastated by inflation and the aggressive three zeroes off the bolivar in 2008, but that after slashing five zeroes off the crippled bolivar, devaluation of the bolivar-is still not enough to failed to prevent hyperinflation. Oliveros warned Maduro detailed other measures he hopes will buy a kilo of meat. that the new bank notes will crumble “within a pull Venezuela out of crisis. Those measures- In the capital Caracas, residents were skepti- few months” if hyperinflation is not brought revealed in a speech to the nation late Friday- cal about the new measures. “Everything will under control. include a massive minimum wage hike, the fifth stay the same, prices will continue to rise,” 39- According to economist Jean Paul Leidenz, so far this year. year-old Bruno Choy, who runs a street food Venezuela is trying to emulate Brazil, which But analysts say the radical overhaul could stand, told AFP. replaced its old cruzeiro currency with the real only serve to make matters worse. Angel Arias, a 67-year-old retiree, dubbed in the 1990s after the former was destroyed by “There will be a lot of confusion in the next the new currency a “pure lie!” hyperinflation. few days, for consumers and the private sector,” But he said that will not work because of the said the director of the Ecoanalitica consultancy, ‘Plots’ government’s fiscal indiscipline and a lack of Asdrubal Oliveros. The International Monetary Fund predicts financing. inflation will hit a staggering one million percent “It’s a chaotic scenario.” this year in Venezuela-now in a fourth year of Cryptocurrency ‘scam’? Three of the country’s leading opposition recession, hamstrung by shortages of basic Cryptocurrency rating site ICOindex.com groups-Primero Justicia, Voluntad Popular and goods, and crippled by paralyzed public services. has branded the petro a “scam,” while the US Causa R-have rejected the reform plan and Maduro blames the country’s financial woes has banned its nationals from trading in it. CARACAS: People buy groceries at the municipal market of Coche, a neighborhood of called for a day of protest tomorrow. on opposition “plots” and American sanctions- “Anchoring the bolivar to the petro is Caracas, on Saturday ahead of today when Venezuela will start issuing new ban- but admits that the government will “learn as we anchoring it to nothing,” said economist Luis knotes after slashing five zeroes off the crippled bolivar. — AFP ‘Pure lie!’ go along” when it comes to the currency rede- Vicente Leon, director at polling organization The embattled Maduro, a former bus driv- nomination. Datanalisis. Right from the outset, it has not er and union leader, said the country needed His government pushed back Saturday been clear how the petro would operate, nor to show “fiscal discipline” and stop the against criticism of the economic reform plan. what being backed by oil actually means. excessive money printing that has been regu- “Don’t pay attention to naysayers,” Information Maduro’s government is desperately grasp- lar in recent years. Minister Jorge Rodriguez said. “With oil income, ing at straws to try to fix the country’s economic The new currency, the sovereign bolivar-to with taxes and income from gasoline price meltdown. distinguish from the current, and ironically hikes... we’ll be able to fund our program.” Earlier this week, he announced a curb on named, strong bolivar-will be anchored to the Electronic transactions are set to be suspended heavily subsidized fuel in a bid to prevent oil country’s widely discredited cryptocurrency, from Sunday to facilitate the introduction of the being smuggled to other countries. Subsidies the petro. new notes. would only be available to citizens registering Each petro will be worth about $60, based Oil production accounts for 96 percent of their vehicles for a “fatherland card”-which the on the price of a barrel of Venezuela’s oil. In the Venezuela’s revenue-but that has slumped to a opposition has decried as a mechanism to exert new currency, that will be 3,600 sovereign boli- 30-year low of 1.4 million barrels a day, com- social control over opponents. Fuel subsidies vars-signaling a massive devaluation. pared to its record high of 3.2 million 10 years have cost Venezuela $10 billion since 2012, In turn, the minimum wage will be fixed at ago. The fiscal deficit is almost 20 percent of according to oil analyst Luis Oliveros, but half a petro (1,800 sovereign bolivars), starting GDP while Venezuela struggles with an external without them, most people would not be able Monday. That is about $28 — more than 34 debt of $150 billion. Venezuela launched the to buy fuel. — AFP
WALL STREET WEEK AHEAD Venezuelan Chinese Internet shopkeepers stock sell-off alarmed by may shake economic moves faith in FANGs PUNTO FIJO/SAN CRISTOBAL: After Venezuelan President Nicolas Maduro’s 60-fold increase to the SAN FRANCISCO: A steep downturn in minimum wage, storeowners on Saturday wrestled with heavyweight Chinese Internet stocks and an anguishing decision: Close up shop or hit customers recent weakness in half of the so-called with steep price hikes at the risk of sinking the business. FANG group have some investors wor- In a set of sweeping announcements that shocked ried that a key component of Wall many Venezuelans, the socialist Maduro on Friday Street’s near-decade long rally may be ordered a 96 percent currency devaluation, pegged the low on fuel. NEW YORK: Traders work on the floor at the bolivar currency to the government’s petro cryptocur- Outstanding gains in Facebook, closing bell of the Dow Industrial Average at rency and boosted taxes as part of a plan aimed at Amazon, Netflix and Alphabet have the New York Stock Exchange on Thursday pulling the OPEC member out of its economic tailspin. underpinned much of the US. stock mar- in New York. — AFP The measures especially spooked shopkeepers ket’s rally in recent years, along with the already struggling to stay afloat due to hyperinflation, broader tech sector, but the group is off in February, the S&P 500 is trading at government-set prices for goods ranging from flour to widely viewed as overbought and valua- a relatively inexpensive 16.5 times diapers, and strict currency controls that crimp imports. tions remain expensive. Backed up by expected earnings, compared to 18.6 Many stores were closed on Saturday as owners hun- strong earnings growth and investor times earnings in January, according to kered down to consider the implications. confidence in Silicon Valley’s innovation Thomson Reuters data. The S&P 500 Economists warned that some companies would go track record, the S&P 500 technology technology index is trading at 18.7 times under, unable to shoulder the massive increase in index is up 16 percent in 2018, making earnings, compared to its high-point of monthly minimum wage from 3 million bolivars to 180 tech Wall Street’s top performer. 19.6 in late January. million bolivars, or roughly $0.5 to $30. That will likely But a recent slump in China’s own The FANG stocks, plus Apple and increase unemployment and further fuel mass emigration superstar technology stocks, brought Chinese stocks Baidu, Alibaba and that has overwhelmed neighboring South American into sharper focus after Tencent Holdings Tencent, in August were the most crowd- countries. Jhonny Herrera, 41, owner of a hardware store reported its first profit drop in almost 13 ed trade on Wall Street for the seventh on the windswept Paraguana Peninsula in northern years on Wednesday, has increased wor- straight month, according to survey of Venezuela, said he would have to fire two employees ries about Wall Street dependence on a fund managers by Bank of America. because he cannot afford to pay them, leaving him with handful top-shelf growth companies. In crowded trades, most investors just one worker. When Venezuela was enjoying a Shares of Tencent, China’s largest share the same opinion, increasing the decade-long oil bonanza, he had 10 employees. social media and gaming company, have potential for a volatile sell-off if senti- “I have thought about closing for good and leaving, fallen over 6 percent in the past two days ment changes. all the more so now with these increases. I have held and are down by nearly a third from their Shares of US-listed Chinese technolo- back due to my 14 year-old-son, who I would leave here record high close in January. gy companies in recent years have been because I need to emigrate first,” said Herrera, sur- “Tencent is a good proxy for global caught up Wall Street’s tech rally, but rounded by stores that have been shuttered after their growth and risk. Nowadays, with every- changes in their prices can also reflect owners fled the country. thing being so momentum driven in the the outlook for China’s economy and To soften the blow, Maduro vowed that the govern- market, if one thing goes, everything can government regulation. With China ment would cover three months of the wage increase for go,” said Wedbush Securities senior investors also worried about potential small and medium-sized companies. But he did not pro- trader Joel Kulina. Also unnerving tech fallout from a trade war between Beijing vide details and it remains unclear how his cash-starved investors: Netflix and Facebook, which and Washington, Chinese internet heavy- government would afford such a hefty payout or along with Amazon and Google-parent weights Baidu and Alibaba have fallen 11 whether the chaotic administration has the logistical Alphabet make up the FANG stocks, percent and 7 percent since the end of capacity to pay wages on time. have fallen sharply since their June-quar- June, respectively. US-listed shares of The Information Ministry did not respond to a ter reports. Baidu and Alibaba both rose more than 1 request for an explanation of the plan. Venezuela’s With Netflix down 22 percent from its percent on Thursday following selling opposition called for protests and a national strike record high close in early July, and earlier in the week. tomorrow, although recent attempts by the fractured Facebook down 19 percent since July 25 Facing losses on China tech trades, coalition to rally Venezuelans have had little impact. due to fallout from privacy scandals, global investment funds that own those Venezuela’s main business chamber, Fedecamaras, some investors are questioning whether stocks may be tempted to sell some of said it did not have any estimates on the effects of the “FANG” may be turning into “AG”. Even their US tech stocks to lock in profits. measure yet, although local economists predicted a with those worries, investors continue to “Over time, the breadth of the market heavy toll. make the group a centerpiece of their tends to narrow, you have smaller leader- “A minimum wage of 180 million bolivars in this cur- portfolios. ship groups and once they begin to roll rent situation implies the closure of thousands of com- Amazon has surged over 60 percent over, which perhaps Tencent is telling us panies and the unemployment of many people,” said in 2018 and on Tuesday closed at a is about to happen, then the broader economist Luis Oliveros. record high. Alphabet is up 17 percent markets have more of a reason to sell Bakery owner Luis Carballo, a 59-year-old who has year to date. off,” said Peter Cecchini, managing worked in the bread sector for 45 years, said he would “FANG will continue to play a huge director and chief market strategist at try to stay afloat but was full of dread. role over the next two to three years,” Cantor Fitzgerald in New York. “I have to increase prices ... And if I don’t sell, pro- said Jake Dollarhide, chief executive offi- Amazon recently traded at 87 times duction drops, and I have to suspend some of my cer of Longbow Asset Management in expected earnings, its lowest in over a employees. I feel really badly,” said Carballo, as he Tulsa, Oklahoma. “They’re expensive, but year. But many investors focus on the handed loaves to customers in the Andean city of San you have to hold your nose and buy Internet retailer and cloud infrastructure Cristobal. Outside another bakery in San Cristobal, them.” The S&P 500 in recent days has company’s explosive revenue growth. By security guard Victor Martinez fretted with a friend struggled just short of its January record that measure, Amazon appears expen- about the measures. “This is worsening the situation. I’m high and is up 6 percent year to date. sive, at 3.5 times expected revenue, its scared of losing my job,” said Martinez. — Reuters Even after recovering from a steep sell- highest level ever. — Reuters 15 Technology Monday, August 20, 2018 Robot wars: China shows off automated doctors, teachers China is deadly serious about riding the robotic wave
BEIJING: This file photo taken on August 15, 2018 shows a woman using a mobile BEIJING: This file photo taken on August 15, 2018 shows robot arms playing music at BEIJING: A boy looking at a robot arm at the 2018 World Robot Conference. phone to take a picture of a robot at the 2018 World Robot Conference. — AFP photos the 2018 World Robot Conference.
BEIJING: Robots that can diagnose diseases, play bad- ogy may eventually replace human workers. In one corner, en that competitors like Japan and Germany have four minton and wow audiences with their musical skills are a mechanical arm — designed to teach children — painted times the level of robotisation in their factories compared among the machines China hopes could revolutionize its an elegant Chinese character while a robotic fish explored to the Asian giant. Qu Daokui, president of local firm economy, with visitors to a Beijing exhibition offered a its tank and a bat flapped its mechanical wings overhead. Siasun, which was showing off a snake-like robot that can glimpse of an automated future. The popular stars of this operate in narrow passages, said China needs to increase year’s World Robot Conference, which ends Sunday, were Delicate balance the quality and sophistication of its robots, particularly in undoubtedly the small, amateur-made “battle bots” which By 2020, China is aiming for half of the industrial robots the field of AI. “We used to focus on the accuracy, reliabili- smashed, hammered and sawed their way through their sold in the country to be made by Chinese companies, up ty and speed of robots — now it’s their flexibility, intelli- opponents to a cacophony of cheers and shouts from a from 27 percent currently — with a target of 70 percent gence and adaptability that makes the difference,” he said, rapt audience. by 2025. “Robots are the jewel in the crown for the manu- adding robots needed to interact and adapt to their envi- “With this robot, I can fully express myself. I love the facturing industry... a new frontier for our industrial revo- ronments and “make independent decisions”. sparks,” said Huang Hongsong, one of around a dozen lution,” said Xin Guobin, China’s vice minister of industry, Chinese youths whose creations went head-to-head. But as he opened the conference. But it is a delicate balancing Doctor Bot while the battle bots are designed largely to entertain act for Chinese policy-makers due to the potential for Outside China’s factories, robots are becoming a more onlookers, China is deadly serious about riding the robotic human job losses — a 2016 World Bank report said visible presence, deployed in restaurants and banks and wave with an eye on its economy. Cheap manufacturing automation could threaten up to 77 percent of jobs in even delivering parcels. China’s iFlytek, a specialist in BEIJING: A robot moving at the 2018 World Robot Conference. propelled the populous giant to become the world’s sec- China’s current labor market. Nonetheless a great robotic speech recognition systems, presented a new “medical ond largest economy in just a few decades. But the coun- leap forward has already been made. assistant” robot at the Beijing show which it said was able try’s population is ageing, leaving it facing a double wham- China is now the world’s number one market for indus- to help identify up to 150 diseases and ailments — even China. Chindex, a subsidiary of the conglomerate Fosun, my of a worker shortage and increased labor costs as it trial robots with some 141,000 units sold last year, passing a national medical qualification exam with a high also distributes the “Da Vinci System” in China, an gets wealthier. accounting for a third of global demand, according to the score. American built robot with arms and high-tech cameras to Automated machines offer a possible way out with International Federation of Robotics, which says demand The robot, which operated in conjunction with a doctor, aid surgeons in the operating theatre. “It transcends the President Xi Jinping in 2014 calling for a “robot revolu- could rise an additional 20 percent per year until 2020. asks patients a series of diagnostic questions and can also limits of the (human) eye,” chief operating officer Liu Yu tion”. Under the ruling Communist Party’s road map for its “China has huge opportunities to increase the level of its analyze X-rays. “It’s already being used in hospitals since enthused. But like the diagnostic robot, it still needs a industrial future — dubbed “Made in China 2025” — state industrial automation (and) industrial robotisation,” said March and has made some 4,000 diagnoses,” company helping human hand. “It only helps the doctor, it cannot subsidies are pouring into the sector. And at the robot Karel Eloot, an expert at consultancy firm McKinsey. president Liu Qingfeng said, adding such a device could replace them. It would not be ethical, the human body is show, a vast array of machines demonstrated how technol- He notes that China still has huge room for growth giv- be particularly useful for clinics in more remote parts of still too complicated,” he said. — AFP
Iris Purple, Pearl White and Black colors HUAWEI nova at KWD 99.9. . Consumers can experience the inno- vative and stunning devices first hand at 3i now on the Huawei roadshow taking place at the Sightings and Marina Mall, Salmiya and choose from shelves in the variety of products suited to their satellites help track style and budget. HUAWEI CBG has Kuwait also collaborated with Kuwaiti Celebrity Singer, Humood Al Khudher, to explore France’s mysterious KUWAIT: Huawei Consumer Business the breakthrough AI features of the new Group (CBG), the global smartphone giant, HUAWEI nova series. Huawei nova 3i ocean giant yesterday announced that its latest HUAWEI series features the AI-enhanced dual nova 3i is now available in Kuwait. The new, front cameras (24MP + 2MP) BREST: The sight of a basking shark’s brooding silhouette trendy and fashionable HUAWEI nova 3i is The intelligent smartphone is equipped gliding through the waters off western France is more than powered by Artificial Intelligence (AI) in its with a 24MP camera both in the front and just a rare treat for sailors — it is a boon for scientists try- overall functioning and camera features. at the rear to capture the best-looking ing to trace its secretive migrations across the globe. It With dual front camera (24MP+2MP), users selfies. The AI enhancements will create may be the world’s second largest fish, growing to more can expect the best-in-technology ‘selfie’ selfies at the first click by capturing both than 10 metres (35 feet), but the basking shark, or that a smartphone can offer. The HUAWEI the face and the surroundings. HUAWEI Cetorhinus maximus, is an enigma for scientists eager to nova 3i can beautify you with the advanced nova 3i’s primary lens captures the image help preserve the plankton-eating giant after centuries of algorithm to be natural and appealing. data, whilst the secondary takes in depth- overfishing. Moreover, the powerful AI scenery recogni- of-field data. The 24MP f/2.0 wide aper- Hunted voraciously for its massive fin — highly prized tion can adjust the surroundings to match ture camera on HUAWEI nova 3i boasts for sharks’ fin soup in China — as well as its oily liver and your true beauty in the selfie. incredible image processing power; and meat, global populations of basking shark declined precip- HUAWEI nova 3i has a very young and the 2MP secondary camera collects depth- itously during the 20th century. The species has struggled trendy appeal to it. It comes in fashionable of-field data with specialized hardware to to recover because of slow reproduction rates. While the Pearl White, Black and Iris Purple colors, produce professional bokeh effects. sharks have captured the imagination of sailors for hun- making it a statement accessory for con- eight unique categories that include blue focal length of 35mm for selfies providing dreds of years — some think early seafarers mistook the sumers who look at smartphones as an Enabled with Kirin skies, beaches, plants, night, stage per- the best-in-technology to capture a stun- massive sharks swimming in single file for sea monsters — extension of their personality. The 6.3- chipset with AI capability formances, flowers, rooms and snow. ning AI selfie. The AI enabled beauty crucial details about their behaviour remain elusive to inch FHD+ (2340 x 1080) provides a wide HUAWEI nova 3i is equipped with a Hence, the AI powered phones will recog- algorithm offers seven skin tones and tex- researchers. view of your world while fitting in your Kirin 710 AI processor and EMUI 8.2 for nize the background and capture every tures for users to choose from and cus- “It’s a shark that remains very mysterious,” said pocket. The HUAWEI nova 3i is now on flagship performance. Huawei nova 3i is detail to create an enhanced shot that tomize their selfies to create their own Alexandra Rohr of the research group APECS, which is based in the Brittany town of Brest and dedicated to the the shelf across select retailers in Kuwait. equipped with AI scene recognition and offers best color optimization features. definition of beauty. study of sharks, skates and rays. Even population esti- The HUAWEI nova 3i will be available in with over 200 different scenarios across HUAWEI nova 3’s camera has a set mates, the age of sexual maturity and where and when the sharks reproduce are not known for certain, Rohr said. They are spotted more frequently during the summer months while in winter they all but vanish from view, lead- Lawmakers want British ing to theories that they migrate to warmer regions or dive First satellite down into the ocean depths. Using new tracking technolo- vaping rules relaxed gy, APECS researchers monitoring sharks when they are near the water’s surface have discovered evidence of a to measure to help smokers quit much greater migratory range than previously thought. One tagged female was tracked off the coast of northern global winds LONDON: Vaping rules should be relaxed to allow the Scotland on September 20, 2016, and then resurfaced four promotion of e-cigarettes as tools to help tobacco smok- months later south of the Canary Islands. By May 2017 the ers quit, British lawmakers said on Friday. This could shark was back in the Bay of Biscay, south of Brittany. set for launch include prescribing medically licensed e-cigarettes to APECS also relies on crowd-sourced information from PARIS: A satellite designed to meas- assist smoking cessation efforts. Vaping, or using e-ciga- divers, sailors and other members of the public. Alain ure Earth’s global wind patterns is rettes, is estimated to be 95 percent less harmful than Quemere sighted a basking shark during a fishing trip in set to be hoisted into orbit tomorrow smoking conventional ones, according to the British parlia- the Glenan archipelago off the south coast of Brittany and from the Arianespace launch site in ment’s science and technology committee, which sees big reported details to APECS, enabling a research team to find health benefits if smokers can be encouraged to switch. French Guiana. The European Space the shark and fit it with a satellite tracker. “I just saw the tip There is still fierce global debate as to whether e-ciga- Agency’s (ESA) Aeolus mission — of his fin,” said Quemere, still enraptured by the memory of This August 13, 2018 Aqua satellite image courtesy of the NASA/Goddard rettes represent a health risk or a benefit, since their long- his five-hour encounter. “One moment it grazed the front of named for the guardian of wind in term effects are unclear. A study found that e-cigarette Greek mythology — promises to Space Flight Center Earth Science Data and Information System (ESDIS) the boat, which made me laugh because my boat is barely vapour may cause adverse changes in lung cells. But the five and a half meters and the shark was eight.” — AFP improve short-term weather fore- shows clouds of smoke from the Mendocino fire. — AFP British lawmakers concluded that the balance clearly casting and our understanding of favored vaping over tobacco smoking and it urged greater manmade climate change. receiver, and a Doppler wind lidar, Svalbard, Norway. The 1,260-kilo regulatory leniency to allow advertising of the relative “Meteorologists urgently need nicknamed Aladin. The Doppler lidar payload will be hoisted into a 320- benefits of e-cigarettes. reliable wind-profile data to transmits short, powerful pulses of kilometre (200-mile) orbit on a It also called for incentives to promote them as a less improve accuracy,” the ESA said in laser light toward Earth in the ultra- Vega rocket, with lift-off scheduled harmful option, in the form of lower levels of taxation, a a statement. Tropical winds in par- violet spectrum. Particles in the air for Tuesday at 21:00 GMT. Aeolus relaxation of curbs on their use in public places and a ticular are very poorly mapped — moisture, dust, gases — scatter a will be the fifth of the ESA’s planned review of approval systems for prescribing them as quit- because of the almost complete small fraction of that light energy Earth Explorer missions. Others smoking products. “Concerns that e-cigarettes could be a absence of direct observations. back to the transceiver, where it is already completed or in operation gateway to conventional smoking, including for young Once in orbit, Aeolus can retrieve collected and recorded. The delay have measured Earth’s gravity and non-smokers, have not materialized,” said committee data from anywhere on the planet, between the outgoing pulse and the geomagnetic fields, soil moisture, chairman Norman Lamb. “If used correctly, e-cigarettes include remote regions lacking so-called “backscattered” signal ocean salinity and frozen expanses could be a key weapon in the NHS’s (National Health ground-based weather stations. reveals the wind’s direction, speed collectively known as the cryos- Service) stop smoking arsenal.” The charity Action on The satellite will carry a large and distance travelled. phere. The new mission will be Smoking and Health welcomed the committee’s findings telescope measuring 1.5 meters (five Once per orbit, data is down- Arianespace’s 50th launch for the and said allowing e-cigarettes to be prescribed by doctors feet) across, an ultra-sensitive loaded to a ground station in European Space Agency. — AFP could be particularly important to people on low incomes A basking shark. — AFP and those with high levels of addiction. — Reuters 16 Monday, August 20, 2018
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