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India slams UK’s new travel rules as ‘discriminatory,’ warns of retaliation Posted by: superadmin - 09-22-2021, 05:18 PM - Forum: Covid-19 Pandemic - No Replies The U.K. last week announced that fully vaccinated individuals from a list of 17 countries and territories will not have to quarantine upon arrival in England. Missing from the list was India, where the predominant Covid vaccine used in the country is identical to the one developed by Oxford University and British-Swedish pharma giant AstraZeneca. India’s Foreign Secretary Harsh V Shringla called the U.K.’s decision not to recognize the Indian version of the vaccine “discriminatory” and warned of reciprocal measures, though he did not elaborate. India slammed the U.K.’s decision to exclude vaccinated Indian travelers from its new travel guidelines, calling it “discriminatory” and warning of reciprocal measures. The British government will next month allow fully vaccinated travelers from a list of countries to skip quarantine upon arrival — but Indians who are fully vaccinated will still need to be quarantined. The U.K. last week eased travel restrictions for fully vaccinated individuals from 17 countries and territories, including Japan and Singapore, saying they would not have to stay in quarantine for 10 days after arriving in England. From Oct. 4, travelers from those destinations would have to show that they received a full course of one of the Covid vaccines currently approved in the U.K., at least two weeks prior to their arrival. The approved vaccines are: Oxford/AstraZeneca, Pfizer-BioNTech, Moderna or Janssen. India’s main vaccine is the one from Oxford University and British-Swedish pharma giant AstraZeneca — but it is manufactured locally by the Serum Institute of India under the name Covishield. It has been approved for emergency use by the World Health Organization. - More -   Here’s why the Evergrande crisis is not China’s ‘Lehman moment’ Posted by: superadmin - 09-22-2021, 04:59 PM - Forum: Business, Economy and Investment - No Replies Worries about highly indebted property developer China Evergrande’s ability to pay interest on its U.S. dollar-denominated bonds has prompted comparisons to the collapse of Lehman Brothers in 2008 and the subsequent financial crisis. When it comes to the actual scale of impact, analysts point out that Evergrande holds land, while Lehman held financial assets. International Monetary Fund Chief Economist Gita Gopinath told Reuters this week the organization believes “China has the tools and the policy space to prevent this turning into a systemic crisis.” BEIJING — Property developer China Evergrande’s debt woes are not likely to cause the same fallout as the collapse of U.S. investment bank Lehman Brothers in 2008, analysts said. Evergrande’s Hong Kong-listed shares have tumbled nearly 90% since July 2020, as the Chinese government cracked down on speculation in the real estate market. The stock has lost more than 20% in the last five trading days and investors are watching to see if the highly indebted real estate giant will be able to make millions of dollars in interest payments on U.S. dollar-denominated bonds in the coming days. The jitters have contributed to global stock market declines this week. - More -   Accept it, you are not the sole Indian party, Umno man tells MIC Posted by: superadmin - 09-22-2021, 02:18 PM - Forum: Politics - No Replies PETALING JAYA: An Umno supreme council member has urged MIC to accept the reality that it is not the only political party representing the Indian community. In calling on the Barisan Nasional (BN) component to back Parti Makkal Sakti Malaysia, Puad Zarkashi said the coalition’s interest should be seen as more important than anything else and that it was, therefore, appropriate to welcome the new party into the BN fold. “If MIC is committed to democracy, it should celebrate diversity. It should not stifle support from the Indian community for BN via Makkal Sakti or even MIUP and IPF,” he told FMT, referring to the BN-friendly Malaysian Indian United Party and the All Malaysian Indian Progressive Front. Puad was commenting on BN chairman Ahmad Zahid Hamidi’s statement that the coalition may field candidates from Makkal Sakti in the next general election (GE15). Zahid is also Umno president. Makkal Sakti, founded by former Hindu Rights Action Force (Hindraf) leaders, is not part of BN but has been supportive of the coalition for years. - More -   Evergrande crisis will hurt China’s economic growth, says former central bank advisor Posted by: superadmin - 09-22-2021, 01:21 PM - Forum: Business, Economy and Investment - No Replies Evergrande’s debt crisis will slow down China’s economic growth, said Li Daokui, a former advisor to the People’s Bank of China. But the crisis will have minimal spillover on the financial system because there aren’t derivative instruments built on Evergrande’s debt, said Li, now a professor at Tsinghua University’s School of Economics and Management. Li predicted that in the medium- to long-term, the embattled company will likely be “dissolved” into four main groups. Evergrande’s debt crisis will slow down China’s economic growth, but will likely have minimal spillover on the country’s financial system, according to a former advisor to China’s central bank. Evergrande is the world’s most indebted property developer with total liabilities of around $300 billion. The company has been struggling to pay its suppliers and warned investors it could default on its debts, with one key payment due as soon as this week. “The impact is on the real economy because with the default of Evergrande, there’ll be [a] slowdown in developments of many projects,” Li Daokui, formerly an advisor to the People’s Bank of China, told CNBC “Squawk Box Asia” on Wednesday. - More -   Taliban ask to speak at UN General Assembly in New York Posted by: superadmin - 09-22-2021, 01:05 PM - Forum: Politics - No Replies The Taliban have asked to address world leaders at the United Nations General Assembly this week in New York City. The group's foreign minister made the request in a letter on Monday. A UN committee will rule on the request. The Taliban also nominated their Doha-based spokesperson, Suhail Shaheen, as Afghanistan's UN ambassador. The group, which seized control of Afghanistan last month, said the envoy for the ousted government no longer represented the country. The request to participate in the high-level debate is being considered by a credentials committee, whose nine members include the US, China and Russia, according to a UN spokesperson. But they are unlikely to meet before the end of the General Assembly session next Monday. Until then, under UN rules, Ghulam Isaczai will remain Afghanistan's ambassador to the global body. He is expected to make a speech on the final day of the meeting on 27 September. However the Taliban said his mission "no longer represents Afghanistan". They also said that several countries no longer recognised former President Ashraf Ghani as leader. Mr Ghani abruptly left Afghanistan as Taliban militants advanced on the capital, Kabul, on 15 August. He has since taken refuge in the United Arab Emirates. - More -   New bombshells show Trump's coup threat was real and hasn't passed Posted by: superadmin - 09-22-2021, 12:53 PM - Forum: Politics - No Replies (CNN)A rush of new and shocking behind-the-scenes disclosures about how then-President Donald Trump sought to thwart the Constitution and the will of voters makes a clear case that America came closer to a coup earlier this year than previously known. [/url] The fresh evidence [url=https://www.cnn.com/2021/09/13/politics/donald-trump-white-house-2024-divisive/index.html]also shows what many people in Trump's inner circle knew in January: His case to stay in power was meritless, but an unchained commander in chief chose to listen to acolytes pushing wild conspiracies. Some of those who knew the truth refused to speak up, even as American democracy came under attack. Just this week, it's been revealed that: Trump had blueprints that the Republicans tried to use to prevent Congress from certifying President Joe Biden's clear and genuine victory, in the form of a memo that laid out a plan for then-Vice President Mike Pence to thwart Biden's Electoral College triumph. The memo was reported in the new book "Peril," by Washington Post reporters Bob Woodward and Robert Costa, and was later obtained by CNN. Trump's own campaign staff knew that outlandish claims of fraud made by the then-President's lawyers were utterly false, according to a report in The New York Times. But they did nothing to stop his dangerous allegations. Trump sent a letter full of false information to Georgia Secretary of State Brad Raffensperger, asking him to start the process of decertifying the 2020 election. "Peril" also contains a passage that shows Trump cared little for truth, what voters decided in November or bedrock constitutional values -- but agonized about his reputation and mused that accepting defeat would brand him as one of history's losers. This growing paper trail, which is likely to be of intense interest to the House select committee investigating the January 6 insurrection, appears to prove Trump's intent to stay in power illegally. The record is beginning to add up to an extraordinary indictment of the ex-President's abuses of power and one of the darkest moments in US history. - More -   Evergrande agrees on deal to avoid default on key bond Posted by: superadmin - 09-22-2021, 12:45 PM - Forum: Business, Economy and Investment - No Replies BEIJING – Embattled Chinese housing giant Evergrande today said it has agreed to a deal with domestic bondholders that should allow the conglomerate to avoid defaulting on one of its interest payments. Financial markets have tumbled over fears that the Chinese group could collapse, with the potential to derail the world’s second-biggest economy. In a statement to the Shenzhen stock exchange, Evergrande’s property unit Hengda said it has negotiated a plan to pay interest due on its 2025 bond, which Bloomberg calculated is worth 232 million yuan (RM150 million). There was no mention of its repayments on interest for an offshore bond. In the statement, Hengda said investors “who bought and held the bonds” before today “are entitled to interest paid this time”. While predominantly a developer, Evergrande – which employs 200,000 people, has a presence in more than 280 cities and claims to indirectly generate 3.8 million Chinese jobs – has been on a buying spree for more than a decade. But, the group has admitted to facing “unprecedented challenges” as it tackles a debt pile of more than US$300 billion (RM1.25 trillion). In a report issued earlier this week, the S&P ratings agency said it believes authorities in Beijing will intervene if they consider any large-scale fallout is likely to materialise. – AFP, September 22, 2021   Ku Li resigns as Umno Advisory Council chairman Posted by: superadmin - 09-22-2021, 12:40 PM - Forum: Politics - No Replies PETALING JAYA: Umno veteran Tengku Razaleigh Hamzah has resigned from his post as chairman of the party’s advisory council. In a letter to party president Ahmad Zahid Hamidi dated Sept 20 that was sighted by FMT, he expressed his disappointment that nearly all of the Cabinet posts under the new Ismail Sabri Yaakob administration were filled by those from the previous “failed government” despite concerns among the public and grassroots. The Gua Musang MP, who is more popularly known as Ku Li, thanked the party for giving him the opportunity to play a role in Umno’s journey. The resignation letter was confirmed to be authentic by a source close to the matter. “Can they help our party avenge our (2018) defeat in the 15th general election (GE15) and end the hung parliament? Can we rely on them to bring our party victory in GE15?” he asked alluding to Umno’s allies in the current government, namely Bersatu and PAS. - More -   Covid-19: After losing both parents to coronavirus may also lose their future Posted by: superadmin - 09-22-2021, 12:34 PM - Forum: Covid-19 Pandemic - No Replies Covid-19: After losing both parents to coronavirus, many such orphans in Malaysia may also lose their future KUALA LUMPUR, Sept 22 — Unlike your average 16-year-old, Mohamad Faiz Yusni hardly smiles and when he does, it is clearly forced. Dressed in an old T-shirt and black pants, he looked down often during the meeting with Malay Mail at his grandparents’ home in Gombak. But when you realise Mohamad Faiz and his three other siblings lost both parents to Covid-19 within a week of each other you can understand why. And as if that was not sad enough, they lost their grandmother a week later. - More -   Stay out, leave Sarawak polls to us, GPS tells Perikatan Posted by: superadmin - 09-21-2021, 09:06 PM - Forum: Politics - No Replies MIRI – Perikatan Nasional component parties such as Bersatu and PAS or even Umno for that matter will not be allotted any seats to contest in the upcoming 12th Sarawak election. Sarawak’s ruling Gabungan Parti Sarawak (GPS) coalition has confirmed that it will field its candidates at all 82 state constituencies. GPS, comprising Parti Pesaka Bumiputra Bersatu (PBB), Sarawak United People’s Party, Parti Rakyat Sarawak, and Progressive Democratic Party will be fielding their candidates respectively. PBB vice-president Datuk Abdul Karim Rahman Hamzah told a press conference at his office in Kuching today that there will be no seats for PN. - More - Pages (1277): « Previous 1 … 987 988 989 990 991 … 1277 Next » Jump to page: