Sports News Updates

PBOC governor urges China to promote equity, cut debt, eliminate 'zombie' companies: official media

Saturday, November 4 2017

PBOC governor urges China to promote equity, cut debt, eliminate 'zombie' companies: official media

PBOC governor urges China to promote equity, cut debt, eliminate 'zombie' companies: official media PBOC governor urges China to promote equity, cut debt, eliminate 'zombie' companies: official media Source : 11:43 hrs SHANGHAI (Reuters) - China's central bank boss spelt out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate "zombie" companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People's Bank of China, said that the market should play a "decisive role" in allocating financial resources, but also stressed the importance of stronger regulation and Communist Party leadership in guiding financial reform, according to the Shanghai Securities News. In warding off systemic financial risks, China should deal with "both cause and symptoms", and be active in "both preemptive measures and reactive solutions," Zhou wrote in an article aimed at helping the public deepen understanding of last month's 19th Communist Party Congress report. During the Congress, Zhou, who is widely expected to step down soon, spoke of the risks of a "Minsky moment", referring to a sudden collapse in asset prices after long periods of growth, sparked by debt or currency pressures. China has so far avoided a sharp slowdown in its economy, but analysts and global economic bodies such as the International Monetary Fund warn Beijing that China is over-indebted. Rating agencies estimate the overall debt burden at almost three times annual economic output. In his article, Zhou said that China should "actively develop equity financing, and steadily increase the proportion of direct finance." In direct finance, borrowers borrow funds directly from the financial markets without using intermediaries, potentially reducing risks in the banking system. The more specific measures Zhou suggested included reforming China's equity issuance mechanisms, further developing private equity funding, promoting debt-to-equity swaps, and expanding the bond market. Meanwhile Zhou also called for further financial deregulation, saying China will relax management of its forex market, promote yuan internationalization and broaden market access by foreign financial institutions. But in what may been seen as balancing measure to such market-friendly steps, Zhou also stressed the importance of tougher supervision, urging regulators and local governments to crack down on illegal arbitrage, shadow banking, and "illegitimate fundraising" that disrupted market order. (Reporting by Samuel Shen and Alexandra Harney; Editing by Eric Meijer) SEARCH

Demonetisation: A year on, onion farmers face cash crisis as banking system fails to cope

Saturday, November 4 2017

Demonetisation: A year on, onion farmers face cash crisis as banking system fails to cope

Swagata Yadavar, IndiaSpend Team 13:33 hrs Valwadi/Lasalgaon/Pimpalgaon, Nashik (Maharashtra): A year after the government replaced high-denomination currency notes with an aim to encourage a cashless economy, onion farmers in Nashik, India’s onion bowl, are finding themselves without money to make essential purchases. Government prodding has ensured that middlemen pay them by cheque, but banking facilities are so few and cheques move so slowly between branches that they take weeks to encash. Since the rural economy still runs largely on cash, farmers without cash are unable to buy seeds and equipment and to pay labourers–which can be disastrous if it delays crop sowing–forcing them to turn to private moneylenders, who charge high interests. Six weeks after the government removed 86% of currency from the economy on November 9, 2016, IndiaSpend had reported its immediate impact on onion farmers in Nashik, who had complained of inadequate banking facilities, poor internet connectivity and slow cheque clearance. A year on, we revisited Nashik to see how demonetisation has affected farmers’ lives, and found them no closer to participating in a cashless economy. Gloom at the mandi The Agricultural Produce Market Committee (APMC) in Lasalgaon in Nashik district is Asia’s largest onion market, which handles 15% of the onion crop produced in India. A week after Diwali, IndiaSpend found the mood there gloomy. Some farmers were gathered around a few lone trees, watching tractors tip produce onto the ground, as traders decided what price to pay. “The crop which was priced at Rs 3,250 three days ago is now at Rs 2,000 to 1,800 per quintal [100 kg],” Ashok Kadam, a farmer in his 50s, told IndiaSpend to explain why farmers appeared downbeat. Yet low prices are not their only worry. Since demonetisation, farmers selling their produce at mandis (agricultural marketplaces) such as this one are being paid by cheque. But cheques take anywhere between four and six weeks to encash, Kadam said, explaining that after he deposits a cheque at a bank branch in his village, Maygavdevi Damori in Kopargoan block in Ahmednagar district, it takes a week to reach a bigger branch and then another week or two to get processed there. “Farmers sell onion when they are in desperate need for money,” Kadam explained. Unlike some tubers, the white onion can be stored for between four and six months, and sold when a farmer needs money, whether to plant the next crop, settle bills from the previous one, or meet medical or household expenses. Until November 8, 2016, farmers would receive cash immediately on selling produce. “But now we are not getting cash when we need it most, forcing us to take loans and pay interest,” Kadam said. Notebandi, as demonetisation is colloquially known, did not impact him directly because he did not have much cash, but now cheques are putting him under debt, he emphasised. “I have no option but to keep my wife’s jewellery as collateral and take a loan to travel to sell my produce. Once the payment gets deposited in my account, I repay the moneylender,” another onion farmer, Bhikaji Gavare from Sheuge village in Yeola block, told IndiaSpend , adding that he is forced to borrow each time he needs money. “Farmers have repeatedly demanded that mandis switch back to cash transactions, but there has been strong resistance from traders,” said Ashok Gaikwad, an accountant at the Lasalgaon Agricultural Produce Market Committee, Asia’s largest onion market. Farmers have repeatedly demanded that mandis switch back to cash transactions, but there has been strong resistance from traders, said Ashok Gaikwad, an accountant at Lasalgaon APMC. Earlier this year, when the APMC asked traders to pay in cash or by RTGS (real time gross settlement), traders went on strike, he said, explaining that the slow processing time for cheques gives traders a newfound leeway, which they do not want to lose. Many traders issue post-dated cheques to further delay payments, Gaikwad said, adding that many farmers have complained against bounced cheques at the APMC. Traders would pay in cash if the APMC passed a resolution, Sushant Bhandare, another onion trader who sells at the Lasalgaon and Pimpalgaon APMCs, said. The Pimpalgaon and Chandwad APMCs are continuing to pay farmers in cash. A cashless economy requires an entire ecosystem, which the village still lacks a year after IndiaSpend last visited–there is still no Internet access; and the closest ATM is still 25 km away, the closest nationalised bank 15 km away, and the district cooperative bank 10 km away. Most villagers here do not own a smartphone–1 billion people across India do not–so they cannot access mobile banking services or internet-based payment systems. Price control Meanwhile, traders are facing mounting pressure from the government. In September, the income tax department raided godowns of seven big onion traders in Nashik, soon after a delegation from the central ministry of consumer affairs visited Lasalgaon to ascertain the reasons for a massive fluctuation in onion prices at the APMCs. Onion prices had soared in August, a rise partly attributed to 30%-40% less production in Karnataka due to poor rains, and partly to cartelisation by traders, which the federal agriculture ministry had asked the Maharashtra government to check. The resulting raids halted auctions for a few days, and prices crashed by 35%. In October, traders were asked not to store onions for more than four days, further affecting trade. Trucks unload onions at the Pimpalgaon Agricultural Produce Market Committee (APMC) in Nashik, one of the few APMC markets that pay farmers in cash. Farmers prefer to accept a lower rate for a cash payment, instead of accepting cheques that take weeks to encash and often bounce. “We have reduced our purchase from 5,000 quintal per day to 500 quintal per day,” Bhandare said, adding that it is difficult to unload, sort and transport large consignments in four days because the work is dependent on labour supply and fewer labourers are available for work since Diwali. As a result, traders are buying at least 50% less than usual, Sanjay Agarwal, an onion trader at Chandwad APMC, told IndiaSpend . “Traders are not willing to buy more than they can sell,” he said, adding that this is the first time in his 25 years as an agent that such stock-keeping curbs have been imposed. The efforts to keep prices low are aimed at keeping the urban consumer happy, but hurt farmers. “Since this government sees the urban electorate as its core voter base, it is committed to keep them happy at the cost of farmers,” Giridhar Patil, an agricultural expert from Nashik, said. “Even (a) loan waiver is being delayed indefinitely, it was expected to be disbursed from October 31 but last heard, loan waiver documents were ‘under scrutiny’,” he added. Experts said farmers are not getting the minimum support price for moong (green gram), urad dal (black gram) and soyabean, rendering them unable to recover their investment. And then there are efforts to control prices of farm produce such as onions. “Won’t this push farmers out of farming?” Vaijnath Bhonsale, an activist farmer from Beed district in Maharashtra, said. In Madhya Pradesh, too, farmers are angry at not being paid in cash and the government has intervened to ask traders to make cash payments for amounts of upto Rs 50,000. Cashless economy a long way off Vijay Nikam, an onion farmer from Dabhadi village in Malegaon taluka of Nashik, said he does not have a smartphone, has not heard of netbanking and the ATMs in the nearest town are always out of cash. IndiaSpend met him at the Pimpalgaon APMC, another large onion market, 70 km from his village. Although there are other markets closer by, he prefers to go to Pimpalgaon because traders there pay in cash. “I had no money for Diwali because of cheque transactions,” he said, adding that he prefers to sell cheap if the payment is in cash because it pays for his transportation, at the very least. Large farmers affected too Valwadi is a small village of 1,500 people in Malegaon, Nashik. Located 295 km from Mumbai and 123 km from the district capital, it does not figure on Google Maps. Perpetually short of water, Valwadi’s wells go dry by January each year, just months after the previous year’s monsoon. Women ferry water from the only well that is the village’s source of drinking water. Half the houses lie abandoned as their owners have moved to live on farms downhill, where there is more water. By government definition, Deepak Patil, 37, who owns 40 acres of land, is a large farmer–one among India’s 0.70% large cultivators. Even though he grows corn, onion and tur, he is a worried man. The red onion he had sown in June was destroyed due to unseasonal rains in October. “I need money to sow onion again,” he said, but he has been given post-dated cheques that will take months to encash. “I had a cheque given to me from the biggest onion trader in the city for Rs 21,000 and it bounced thrice. Only after I sat in the branch and called him up did he agree to pay me in cash,” Patil said, adding, “No one gives fertilisers, pesticides or seeds on credit. We need cash on a daily basis to farm.” Deepak Patil, 37, who owns 40 acres of land in Valwadi village in Nashik, is one of many farmers who find themselves in a bind due to the government’s push towards a cashless economy. He owns a smartphone but his village has no Internet connectivity to enable online transactions. The closest ATM is 25 km away and the closest bank 10 km away. Banks take weeks to process the cheques that farmers receive for selling their produce. Patil employs 20 labourers, each of whom has to be paid Rs 250 per day. “We spend Rs 1 lakh for 2 acres of land which produce 200 kg of onion,” he told IndiaSpend . Due to low prices and poor rainfall, he earned only Rs 50,000 last season, leaving him unable to pay instalments for a Rs 17 lakh loan he had taken two years ago. In all, he said, his losses over the last three years amount to Rs 4 to 5 lakh each year. With such poor returns, farmers are losing their faith in farming, he said, adding that he has bought a kirana (grocery) shop in Vadner, a town nearest to the main road, as a backup. “I get calls from the bank asking for loan repayment several times every month. They talk about auctioning my land and shop,” Patil said. Deepak’s uncle Vijay Patil, who owns 1.5 acres of land and is also under debt, summed up the sentiment among a large section of farmers in the area when he told IndiaSpend: “Farmers do not need loan waiver. We want the right price for our produce.” Banks treat farmers poorly Before demonetisation, most farmers relied on district cooperative banks (DCCBs), and many did not have accounts in other banks. During demonetisation, the Reserve Bank of India prohibited DCCBs from exchanging defunct notes for newly minted ones. In November 2016, DCCBs in Maharashtra had Rs 2,240 crore in old currency notes, and were allowed to exchange these for new notes only in July 2017. When Maharashtra announced a loan waiver on agricultural credit of up to Rs 1.5 lakh in June 2017, farmers stopped repaying their debts and the cash reserve with DCCBs dwindled further, stalling their functioning. Onion farmers say they now have to visit nationalised banks, which they are unfamiliar with and where the staff are unhelpful. “Nationalised banks have never cared to cater to farmers,” Nikam said. “Not even the peon in a nationalised bank helps an illiterate farmer fill the cheque slip,” Gavare added. ( Yadavar is a principal correspondent with IndiaSpend.) An Indiaspend story. ( Indiaspend.org is a data-driven, public-interest journalism non-profit. FactChecker.in is fact-checking initiative, scrutinising for veracity and context statements made by individuals and organisations in public life.) SEARCH

Pak releases wife, daughter of Baloch leader Dr. Allah Nazar

Saturday, November 4 2017

Pak releases wife, daughter of Baloch leader Dr. Allah Nazar

Pak releases wife, daughter of Baloch leader Dr. Allah Nazar Pak releases wife, daughter of Baloch leader Dr. Allah Nazar 13:01 hrs [Pakistan], Nov 4 (ANI): Authorities in Pakistan have released the family of a top Baloch leader after they were allegedly abducted by security forces last month. Fazeela Baloch, the wife of Baloch leader Dr. Allah Nazar Baloch, and her daughter Popal Jan was released by the Balochistan government on Friday. According to reports, Fazeela and Popal Jan were abducted by Pakistani forces from Sariab Road, Quetta. Balochistan Home Minister Mir Sarfaraz Bugti confirmed on Friday that the security forces had arrested three women and three children, including the family of Dr. Allah Naza. Fazeela Baloch was in Quetta for treatment after a botched backbone operation. Fazeela had received injuries in the past after Pakistani security forces bombarded their village in Mashkay. Fazeela Baloch was also diagnosed with Post Traumatic Stress Disorder (PTSD) after the incident in Mashkay. Earlier, the Baloch National Movement (BNM) had said that the Pakistani forces are violating all international conventions by attacking and abducting Baloch women and children. The BNM appealed to Amnesty International, the United Nations and other human rights organisations to immediately address the issue. The World Baloch Women Forum (WBWF) had urged world governments, the United Nations and human rights groups to take concrete steps to hold Pakistan responsible for the abductions, and demanded the release of Baloch captives. There are still thousands of Baloch women, children and human rights activist allegedly languishing in Pakistani jails.

Hurricanes, earthquake drag down third-quarter profit at Buffett's Berkshire

Saturday, November 4 2017

Hurricanes, earthquake drag down third-quarter profit at Buffett's Berkshire

Hurricanes, earthquake drag down third-quarter profit at Buffett's Berkshire Hurricanes, earthquake drag down third-quarter profit at Buffett's Berkshire Source : Last Updated: Sat, Nov 04, 2017 09:05 hrs By Jonathan Stempel (Reuters) - Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit. Berkshire on Friday said it lost $3 billion before taxes, or $1.95 billion after-tax, from the disasters, leaving its Geico auto insurance, General Re reinsurance and Berkshire Hathaway Reinsurance units with underwriting losses for the year. Insurance typically accounts for about one-fourth of Berkshire's overall profit. Berkshire has roughly 90 businesses in such sectors as chemicals, energy, food and retail and industrial products. It also owns the BNSF railroad. Jim Shanahan, a senior analyst at Edward Jones & Co, said the disaster losses were higher than he had expected, given how pricing pressures had caused Berkshire to retrench from some business, but said shareholders should remain comfortable with the company over the long term. Overall net income fell to $4.07 billion, or $2,473 per Class A share, from $7.2 billion, or $4,379 per share, a year earlier. Operating profit, which excludes investment and derivative gains and losses and which Buffett says better reflects company performance, fell 29 percent to $3.44 billion, or $2,094 per Class A share, from $4.85 billion, or $2,951 per share a year earlier. That missed analysts' average operating profit forecast of $2,402.47 per share, according to Thomson Reuters I/B/E/S. The Omaha, Nebraska-based conglomerate's diversification helped cushion the earnings decline, as profit rose at the Berkshire Hathaway Energy unit, while "improving economic conditions" helped boost shipping and profit at BNSF. A better economy may also have persuaded more people to buy cars and trucks, as higher financing activity at the Berkshire Hathaway Automotive car dealership unit helped boost pre-tax retail profit by 22 percent. Book value per Class A share, measuring assets minus liabilities, rose 2.5 percent in the quarter to $187,435, and was up 8.9 percent from January to September. Berkshire also ended September with $109.3 billion of cash and equivalents, more than five times the $20 billion minimum Buffett has said he prefers, and investors are waiting to see what he does with it. Buffett, 87, has run Berkshire since 1965, and investors have remained confident in his leadership, as the company's share price has risen 15 percent this year. The Class A shares closed Friday down $2,963.99, or 1 percent, at $280,470.01, while Class B shares fell $1.34, or 0.7 percent, to $187.27. Both were about 2 percent below their Oct. 24 record highs. FULL-YEAR UNDERWRITING LOSS LIKELY Berkshire lost $1.44 billion from insurance underwriting in the quarter and $1.73 billion from January to September, putting it on pace for its first full-year underwriting loss since 2002. It had even eked out a small underwriting profit in 2005, the year of Hurricanes Katrina, Wilma, Rita and Dennis. But investment income from insurance operations cushioned the blow, rising 23 percent in the quarter to $1.04 billion. Other insurers and reinsurers, such as Allstate Corp, American International Group Inc and Swiss Re AG, also suffered larger quarterly storm losses, and like Berkshire are hoping to boost rates. Berkshire's results also reflected an accounting charge tied to its January agreement to assume many of AIG's policies in exchange for $10.2 billion upfront. But that and other premiums that Berkshire receives before paying claims have helped boost its insurance "float" to $113 billion, giving Buffett more money to invest. Shanahan, who rates Berkshire a "buy," said he was encouraged at how Geico is adding market share, reflected in a 16.5 percent jump in premiums and 9.9 percent year-over-year growth in policies. Some of Berkshire's cash hoard will eventually be used to buy 80 percent of Pilot Flying J, the largest U.S. truck stop operator. Buffett announced that investment on Oct. 3. Berkshire also owns shares in dozens of companies including Apple Inc, Coca-Cola Co and Wells Fargo & Co, and has a 26.7 percent stake in food company Kraft Heinz Co. (Reporting by Jonathan Stempel in New York; editing by Richard Chang, Tom Brown and G Crosse) SEARCH

Peru Striker Paolo Guerrero Banned For 30 Days After Failing Dope Test

Saturday, November 4 2017

Peru Striker Paolo Guerrero Banned For 30 Days After Failing Dope Test

7 Peru Striker Paolo Guerrero Banned For 30 Days After Failing Dope Test Guerrero was banned for 30 days for returning an “abnormal result” from a drugs test © AFP Peru’s hopes of reaching the World Cup suffered a major setback after striker Paolo Guerrero was banned for 30 days for returning an “abnormal result” from a drugs test, ruling him out of his country’s play-off against New Zealand. The Peruvian football federation (FPF) said that the suspension had been ordered by world governing body FIFA. The 33-year-old Guerrero will now miss Peru’s two-legged inter-continental play-off with New Zealand on November 11 and 15 with the winners booking a place in the 2018 finals in Russia. “The president of FIFA’s disciplinary commission has informed us of a suspension of 30 days for our international Paolo Guerrero,” the FPF said in a statement. Media reports in Peru and Brazil, where Guerrero plays for Flamengo, said that the test took place after a World Cup 0-0 qualifying draw against Argentina on October 5. “What exists now is an abnormal test for a stimulant substance and in this case it is not considered a positive result,” Fernando Solera, the head of the anti-doping committee at the Brazilian football federation, told SportTV before the suspension. “For the moment, Guerrero is not considered as doped.” (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) SHARE

Oil prices rise on expected extension of output cuts

Friday, November 3 2017

Oil prices rise on expected extension of output cuts

Oil prices rise on expected extension of output cuts Oil prices rise on expected extension of output cuts 23:40 hrs By Henning Gloystein SINGAPORE (Reuters) - Oil markets rose on Monday, with Brent remaining above $60 per barrel on expectations that an OPEC-led production cut due to expire next March would be extended, although rising exports from Iraq kept a lid on prices. Brent crude futures , the international benchmark for oil prices, were at $60.73 per barrel at 0802 GMT, 29 cents or 0.48 percent above their last settlement and near their highest level since July 2015. They have risen more than 36 percent since from 2017-lows marked in June. U.S. West Texas Intermediate (WTI) crude futures were up 16 cents, or 0.3 percent, at $54.06 a barrel. "With strong compliance to OPEC's production curbs already supporting prices, comments from the Saudi Arabian Crown Prince that suggested the production cut agreement should be extended added to gains," ANZ bank said. The Organisation of the Petroleum Exporting Countries (OPEC) plus Russia and nine other producers have agreed to hold back about 1.8 million barrels per day (bpd) to get rid of a supply glut. The pact runs to March 2018, but Saudi Arabia and Russia, who are leading the effort, have both voiced their support to extend the agreement. OPEC is scheduled to meet officially at its headquarters in Vienna, Austria, on Nov. 30. Traders said that a 900,000 bpd export capacity increase from Iraq's southern ports to 4.6 million bpd, reported on Sunday, had prevented Brent from rising further. Meanwhile, U.S. production is up by almost 13 percent since mid-2016, resulting in a steep WTI discount of $6.50 per barrel against Brent , making U.S. crude exports attractive. Confidence in the oil market is evident in the way financial traders have positioned themselves. Hedge funds and other money managers raised their bullish wagers on U.S. crude futures and options in the week to Oct. 24, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculator group raised its combined futures and options position in New York and London by 15,041 contracts to 280,634 during the period. Despite this, some analysts were cautious, pointing to technical chart indicators. "We note that both contracts' (Brent and WTI) relative strength indices (RSI) are both approaching overbought levels. This may imply that crude has risen enough in the short term and some consolidation is required," said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore. (Reporting by Henning Gloystein; Editing by Kenneth Maxwell and Joseph Radford) SEARCH

India's fight against terrorism undeterred by China's block on Masood Azhar ban: MEA

Friday, November 3 2017

India's fight against terrorism undeterred by China's block on Masood Azhar ban: MEA

India's fight against terrorism undeterred by China's block on Masood Azhar ban: MEA India's fight against terrorism undeterred by China's block on Masood Azhar ban: MEA Fri, Nov 03, 2017 23:45 hrs [India], November 3 (ANI): India on Friday said that China's continuous blocking of Jaish-e-Mohammed (JeM) chief Masood Azhar's designation as a global terrorist by the UN will not affect New Delhi's resolve to fight terrorism. "Masood Azhar's organisation is already banned. I think the decision by a country to block a consensus should not be seen as an end to our counter-terrorism efforts. This block (by China) will not affect our resolve to fight terrorism in any way. It will continue. Several countries are associated with us in this, nations will continue to join us and our resolve to ensure that the territory of India remains safe," Ministry of External Affairs (MEA) spokesperson Raveesh Kumar said during a press brefing. "I think the decision by a country to block a consensus should not be seen as an end to our counter-terrorism efforts. What is important is that it does not, in any way, take away our resolve to fight terrorism," Kumar said. India's reaction comes as China once again blocked the consensus on the listing of Azhar as an internationally designated terrorist under the UNSCR 1267 Committee. "We are deeply disappointed that once again, a single country has blocked international consensus on the designation of an acknowledged terrorist and leader of UN-designated terrorist organization, Masood Azhar," Kumar had said earlier in response to China's blockade at UN over Azhar. The Jaish-e-Muhammad is designated as a terrorist organisation by the US State Department, and India has accused its chief Azhar of launching several terrorist attacks on its soil, including the 2016 Pathankot airbase attack. India has initiated the move to include Azhar on the UN terrorist list, subjecting him to a travel ban. All 15 members of the Security Council, except China, support India's bid. China is one of the five veto-holding members in the United Nations. The other countries are United States, United Kingdom, Russia and France. (ANI) SEARCH talking point on sify news Latest Features

Person taken into custody after White House put on lockdown

Friday, November 3 2017

Person taken into custody after White House put on lockdown

Person taken into custody after White House put on lockdown Person taken into custody after White House put on lockdown Fri, Nov 03, 2017 23:48 hrs [United States], Nov 3: A person was taken into custody after "suspicious activity" was reported at the north fence of the White House. "North fence line of @WhiteHouse is closed due to suspicious activity, Uniformed Division is responding, (sic)" the Secret Service said in a tweet. "Update: subject is in custody, Lafayette Park & North Fence line along Penn. Ave. remain closed (sic)," the Secret Service tweeted. Authorities are investigating the matter. The Presidential manor was put on lockdown and the area along Pennsylvania Avenue was closed following the incident, local media reports said. (ANI) SEARCH talking point on sify news Latest Features

Pak summons UK envoy after 'Free Balochistan' posters appear in London

Friday, November 3 2017

Pak summons UK envoy after 'Free Balochistan' posters appear in London

Pak summons UK envoy after 'Free Balochistan' posters appear in London Pak summons UK envoy after 'Free Balochistan' posters appear in London Sat, Nov 04, 2017 01:44 hrs [Pakistan], Nov 4 (ANI): Pakistan on Friday summoned the British High Commissioner, Thomas Drew, over the emergence of 'Free Balochistan' posters, which it said directly attack its territorial integrity and sovereignty. Foreign Secretary Tehmina Janjua called in Drew today to convey Pakistan's serious concern at the display of slogans on London cabs that directly attack Pakistan's territorial integrity and sovereignty, Pakistan's Foreign office said in a statement. "Pakistan is aware of the intentions of such sinister and malicious campaigns, which should not be allowed on the soil of a friendly country," the statement added. The posters reading "Free Balochistan" slogans reportedly appeared on vehicles in London earlier on Friday, Pakistan Today reported. The British envoy was informed that Pakistan, in line with the UN Charter, rejects actions and advertisements with malicious content that impinge on "our sovereignty and territorial integrity." Pakistan was also raising this issue with the Foreign and Commonwealth Office through its High Commissioner in London. (ANI) SEARCH talking point on sify news Latest Features

Man arrested after making bomb threat to White House

Saturday, November 4 2017

Man arrested after making bomb threat to White House

Man arrested after making bomb threat to White House Man arrested after making bomb threat to White House Sat, Nov 04, 2017 03:46 hrs [United States], November 4 (ANI): A man is facing charges after he made a bomb threat, alleging that he "dropped explosives" along the north side of Pennsylvania Avenue near Lafayette Square and the White House. In a statement, the United States Secret Service stated, "Ervin Pettaway, 33, of Washington, D.C., was charged with one count of felony threats." The incident unfolded at 9:24 a.m. (local time), when a Secret Service officer patrolling in the area was told by a man that he had put explosives there. The man identified as Ervin Pettaway was immediately taken into custody by the officer and all pedestrian and vehicular traffic was cleared from the area, the statement added. The area was checked and a phone was found, which the officials said, was dropped by Pettaway. No explosives were detected and the lockdown on the White House for a brief period was lifted at 10:23 a.m, the statement further said.(ANI) SEARCH talking point on sify news Latest Features

Trump extends Asia trip to attend East Asian Summit

Saturday, November 4 2017

Trump extends Asia trip to attend East Asian Summit

Trump extends Asia trip to attend East Asian Summit Trump extends Asia trip to attend East Asian Summit Sat, Nov 04, 2017 07:47 hrs [United States], November 4 (ANI): United States President Donald Trump is extending his Asia trip by another day to attend the East Asian Summit in the Philippines. Speaking to the media prior to departing from the White House for his five-nation trip, Trump announced, "We're actually staying an extra day in the Philippines. We have a big conference, the second conference, and I think we're going to have great success," the Hill reported. White House press secretary Sarah Huckabee Sanders later confirmed the move. Trump's Asia trip commenced on November 3. He will tour Japan, South Korea, China, Vietnam and the Philippines. The trip already includes two regional summits: the Asia-Pacific Economic Cooperation leaders' meeting in Danang, Vietnam, and the U.S.-Association of Southeast Asian Nations meeting in the Philippine capital of Manila. The 12th East Asian Summit will be held in Angeles. (ANI) SEARCH talking point on sify news Latest Features

Twitter amps up security after Trump's account deactivation

Saturday, November 4 2017

Twitter amps up security after Trump's account deactivation

Twitter amps up security after Trump's account deactivation Twitter amps up security after Trump's account deactivation Sat, Nov 04, 2017 08:53 hrs Washington : Twitter has implemented "safeguards" in the wake of United States President Donald Trump's account deactivation. A tweet issued by Twitter's Government and Elections team said, "We have implemented safeguards to prevent this from happening again. We won't be able to share all details about our internal investigation or updates to our security measures, but we take this seriously and our teams are on it." A departing Twitter employee had shut down Trump's verified @realDonaldTrump account for 11 minutes. Those who tried to access @realDonaldTrump on Twitter had to come across a "Sorry, that page doesn't exist!" message until the account was restored. SEARCH talking point on sify news Latest Features