Darjeeling: The body of a youth was found on the Indo-Bangladesh international border on Tuesday. An improvised firearm was also found next to the dead body.The incident occurred in the Daspara Gram Panchayat area under the Chopra police station of North Dinajpur. The deceased was identified as 23-year-old Mohammad Abu. He was a resident of Kalabarigach village under the Chopra police station. Local residents claim that he was shot by the BSF on suspicion of being a cow smuggler. The Block Development Officer of the Chopra Block along with the police from the Chopra police station visited the site of the incident. The body has been recovered and sent for post mortem at the Islampur hospital. Sumit Kumar, the Superintendent of Police stated that a magisterial inquiry will be started. “Only after the inquiry is completed will it be clear as to how the person died,” the Superintendent of Police said. Local residents claim that the youth used to run a “decorator” business and was not involved in smuggling. The villagers have demanded a probe into the incident. With this region close to the Indo-Bangladesh border there has been a number of cow smuggling incidents in the past.
Lebanon has made “no tangible progress” towards disbanding and disarming militias operating on its territory, a senior United Nations official told the Security Council today, warning that the continued activities of these groups could undermine the staging of parliamentary elections scheduled for next year.Terje Roed-Larsen, the Secretary-General’s Special Envoy on the implementation of Security Council resolution 1559, told the Council that both Lebanese and non-Lebanese armed groups posed a threat to national sovereignty and stability.Resolution 1559, adopted by the Council in 2004 amid concern about the ongoing tensions within Lebanon, calls for free and fair elections in the Middle East country without interference from foreign groups and also for the disbanding of all militia.But Mr. Roed-Larsen said that while some “major strides” have been taken in the past six months regarding the resolution – most notably the holding of a free presidential poll in which Michel Suleiman was chosen – many elements have still not been implemented.“The violence that erupted in Lebanon and spread widely across the country in May of this year served as a shocking illustration of how armed groups outside the control of the Government of Lebanon brought the country to a near state of collapse, and engraved psychological scars on the civilian population,” he said.The clashes in May, despite the subsequent political accord that led to the holding of presidential elections, “may have prompted, if not accelerated, a process of re-armament.”The envoy said Hizbollah’s armed component was the most significant militia in the country, and he urged the group to comply with relevant resolutions and transform into a political party proper.“The organization maintains a massive paramilitary infrastructure separate from the State, including a secure network of communication, which the group itself deems an integral part of its arsenal.“In May of this year, Hizbollah employed civil disobedience but also elements of these military assets to protect this very structure. These assets, and Hizbollah’s resort to armed action in response to a political decision by the Government, are a direct challenge to the fundamental authority of that Government and its attempts to consolidate its sovereignty.”He added that “the emergence and apparent strengthening of extremist elements and foreign fighters based largely in and around Tripoli” was also a grave concern, and these elements had conducted lethal attacks against Lebanese armed forces.The disarmament of all militias “should take place through a political process that will lead to the monopoly on the use of force by the Government of Lebanon throughout all of its territory,” he stressed.But Mr. Roed-Larsen also noted that Lebanon and Syria have recently held high-level talks on Lebanese sovereignty, political independence and territorial integrity, and have agreed to establish full diplomatic relations for the first time.The envoy cautioned, however, that the Syrian-Lebanese border remains porous and easily penetrated, smuggling activities are ongoing and militia groups are allowed to straddle the border.In addition, he said Israeli aircraft continue to violate Lebanese airspace by conducting over-flights, which he said must end. 30 October 2008Lebanon has made “no tangible progress” towards disbanding and disarming militias operating on its territory, a senior United Nations official told the Security Council today, warning that the continued activities of these groups could undermine the staging of parliamentary elections scheduled for next year. read more
18 October 2009The top United Nations humanitarian official in Sudan has welcomed the release on Sunday of two international aid workers who were kidnapped in the country’s conflict-ridden region of Darfur three months ago. Sharon Commins and Hilda Kawuki, who worked for the Irish aid agency GOAL, were abducted from their compound in North Darfur by a group of armed men in July, according to media reports.“The kidnapping of Sharon Commins and Hilda Kawuki is a reminder of the dangers faced by humanitarians working to help the people of Sudan, often in circumstances of considerable personal risk,” said UN Humanitarian Coordinator for Sudan Ameerah Haq.Praising those who worked to free the Irish and Ugandan captives, Ms. Haq said that efforts by the “Sudanese authorities and Darfurian community leaders constitutes a significant step towards ensuring that aid workers in Darfur can accomplish their humanitarian brief in a safe and secure environment.” At the end of August two civilian staff members from the joint UN-African Union peacekeeping mission, known as UNAMID, were also abducted from their home in the West Darfur town of Zalingei and have yet to be released.Since the conflict in Darfur began in 2003, pitting rebels against Government forces and allied Janjaweed militia, some 300,000 people are estimated to have been killed through direct combat or as a result of disease, malnutrition or reduced life expectancy, and more than 2.7 million others have been forced to flee their homes. read more
Shoppers pull back spending at stores in June; stores worry about back-to-school AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Retailers could be sweating it out this summer.Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that could leave merchants on edge, wondering if Americans will spend more when the back-to-school season starts in late July.“The consumer is in a watch-and-wait mode,’” says Arnold Aronson, managing director of retail strategies at consulting firm Kurt Salmon. “She has to be seduced by value.”The June results, based on revenue at stores opened at least a year, are considered an indicator of a retailer’s health. Only a small group of chain stores report monthly sales figures. But the results offer a snapshot of consumer spending, which accounts for 70 per cent of all economic activity.The figures have shown an uneven recovery. Discounters and high-end stores, for example, notched stronger growth last month.But for most, sales were disappointing. Big chains like Costco, Kohl’s and Macy’s, as well as teen retailer The Wet Seal, were among stores whose results fell short of Wall Street expectations.Shoppers are concerned about the struggling economy. Employers have pulled back on hiring. Europe faces a recession and growth has slowed in China. Worries about jobs sent shoppers’ confidence down in June for the fourth straight month.Tracy Garza, 41, has been waiting all year for hard evidence that the economy is on solid footing. The San Francisco resident picked up a pair of shoes for $25 at Ross Stores and bought some Blu-ray discs earlier in the year but has held back on buying a laptop for $1,200.“Are you going to spend? Are you going to wait?” says Garza, whose income from freelance writing and Spanish translation has been uneven. “I’m going to wait to get a better idea of where the economy is going.”June is a period when stores clear out summer merchandise to make room for fall goods. So it is typically the second-biggest shopping month behind December. But because spending was so tepid last month and it took more discounts to get shoppers to buy, March may end up the biggest month, says Mike Niemira, chief economist at the International Council of Shopping Centers.Overall sales growth was only 0.2 per cent, according to the ICSC’s tally of 23 stores nationwide. That was lower than the 1.7 per cent increase in May, and it marked the weakest performance since November 2009 when the tally was down 0.2 per cent. Growth would have been higher at 2.6 per cent, excluding drug stores, which dragged down the overall tally.Shoppers spent more during the first three months of the year, when warmer-than-usual weather and a sunnier outlook for the economy lured shoppers to malls. But since then, shopping, like the economy, has stalled.Some temporary factors depressed June’s retail results. The figures were compared with a hefty sale gain of 6.9 per cent a year earlier, when results were the most robust for that month since 1999. Also, a series of storms left millions without power across a broad swath of the country.Two trends could help shoppers feel wealthier and give retailers a boost during back-to-school sales, the second-biggest shopping period of the year after the holidays. Gas prices are down 60 cents since their peak of $3.94 in April, and home prices have begun to stabilize in most U.S. markets.But a big question remains: Will hiring improve? A positive answer would go long way in helping Americans open up their wallets and bolster an economy that relies on consumer spending. On Friday, retailers and shoppers could get a partial answer.Economists expect U.S. employers to add 90,000 jobs to payrolls when June figures are reported that day. That would be up from 69,000 in May, although the gain wouldn’t be enough to lower an unemployment rate stuck at 8.2 per cent.Against this backdrop, ICSC’s Niemira expects a modest 2.5 per cent increase in total back-to-school sales from mid-July through mid-September. If that happens, the result would be lower than last year’s 3.6 per cent increase and the 5.4 per cent gain in 2010. But it would be a big improvement over the 4 per cent drop in 2009.Overall, June’s revenue results were lopsided, with discounters and luxury stores faring better than mall-based clothing merchants catering to low to middle-income shoppers.Costco’s revenue from stores open at least a year rose 3 per cent but fell short of the 3.7 per cent estimate from analysts polled by Thomson Reuters. Target had a 2.1 per cent increase as shoppers spent more on food and health and beauty items. That was slightly lower than the 2.4 per cent rise analysts expected.Among department stores, Macy’s, traditionally a strong performer, reported a slim 1.2 per cent gain.“In part, this was a function of a macroeconomic environment that is stagnant at best, and lower spending by tourists in cities such as New York,” said Terry Lundgren, CEO of Macy’s. He added sales were also slowed by the renovation of Macy’s Herald Square store in Manhattan, which is creating more disruptions than expected.Kohl’s sales fell a worse-than-expected 4.2 per cent in June, as the department store chain tried to build back inventories after reducing them too much earlier in the year.A deteriorating economy could add to the woes at rival J.C. Penney, which is getting rid of hundreds of sales in favour of everyday low prices. The company, which no longer reports sales on a monthly basis, notched an almost 20 per cent drop in revenue at stores open at least a year for the first quarter.Among teen retailers, The Wet Seal reported 9 per cent drop, bigger than the expected 7.7 per cent decline.Not everyone had disappointing results.Strong performances at Ross and The TJX Cos., which operates Marshalls, T.J. Maxx and Home Goods, underscored that shoppers’ have a strong appetite for brand names at bargain prices. Both Ross and TJX posted a 7 per cent gain in revenue and raised their profit outlook.Luxury chains Nordstrom and Saks also fared well, easing fears that the affluent could pull back because of big swings in the stock market. Nordstrom notched an 8.1 per cent increase, up from the 5.3 per cent pace in May. Saks had a 6 per cent gain, up from a 4 per cent gain in May. by News Staff Posted Jul 5, 2012 4:59 pm MDT read more
In March, the charity will promote a national Kindness Day in celebration of a princess who in her lifetime often showed astonishing compassion for unfashionable causes.The princess held the hands of Aids patients without wearing gloves and in one of her last photograph opportunities called for a ban on landmines while on a visit to Angola. Her sons will back the events, although the charity did not disclose details of their exact involvement. Prince Harry’s first day at schoolCredit:Tim Graham /Getty Prince William visited a bereavement centre this weekCredit:Matt Dunham /AP Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. The charity already runs a number of programmes that include an anti-bullying initiative, as well as its flagship award scheme. Its new Legacy Award will be open to international entrants, aged nine to 18, to “recognise their selfless commitment to transforming the lives of others”.Other events include the launch in the summer of a “My True Selfie” app which will encourage young people to post on social media realistic photographs of themselves that have not been enhanced by technical programmes such as teeth whitening. To many young people in Britain, Diana, Princess of Wales, is now a figure consigned to history, the fatal accident in a Paris tunnel little more than an event retold by older relations.But now, in the 20th year since Princess Diana’s death, a charity set up by the Government to preserve her legacy will stage a series of events targeted at children aged nine to 18 to bring her achievements to the attention of a new generation.The Diana Award has announced its plans for a year of celebrations of the princess’s life. The Duke of Cambridge and Prince Harry are lending their support, as is Earl Spencer, her brother. Credit:John Stillwell /PA Princess Diana is presented with a bouquet at an Aids hospice in 1989Credit:Rex / Shutterstock Earl Spencer, her brother, will also take part, holding an exhibition at the family’s home, Althorp, in Northampation, called “Walking in her Shoes” that will showcase the achievements of youngsters who have received the Diana Award.Ms Ojo said: “Twenty years on we want to give the public the opportunity to interact practically with this legacy. “We want to give the public the opportunity to be that little bit kinder, that little bit more compassionate and to think about serving others.” Earl Spencer, Prince William, Prince Harry and Prince Charles at her funeral in 1997 Credit:Anwar Hussein /Getty Events will include the introduction of an international award, an app designed to encourage youngsters to eschew make-up when taking “selfies” and even a national Kindness Day.Tessy Ojo, the chief executive of the Diana Award, said: “Twenty years on, we at the Diana Award know that her values and her legacy live on through the tens of thousands of young people who only know her as an historic figure, but are committed to continuing those values.” On Wednesday, Prince William visited a bereavement centre in east London and made a rare public admission about his feelings following his mother’s death, telling a grieving boy he was “very angry” when she was killed.Prince William was 15 and Prince Harry just 12 when their mother was killed in Paris on Aug 31 1997. read more
JUNIOR MINISTER SEÁN Sherlock has admitted an interest in becoming a Cabinet minister in the future, but has said that he is happy in his current role, describing it as “the best job in government”.“Tell me a politician that doesn’t want to be a Cabinet minister,” Sherlock told TheJournal.ie in an interview this week.The Labour TD for Cork East does not believe that his chances of reaching Cabinet have been damaged by his handling of the so-called SOPA Ireland controversy and the criticism he received over it.“I didn’t take any criticism from my party colleagues,” he said.Sherlock said that he does not give the prospect of becoming a senior minister “much thought” and said that he is happy in his current role.He continued: “I am happy to be doing what I am, I really am. I have the best job in government.”On the fortunes of the Labour Party, Sherlock said that despite recent positive developments for the junior coalition partner there is a long way to go:Camera and editing by Michelle Hennessy WATCH: ‘It wasn’t SOPA, we were not doing SOPA’: Sherlock defends controversial copyright law read more
Uber’s third annual Lost & Found Index is here, and it’s an entertaining report that lists the 50 strangest items forgotten by riders.Leaving behind a cell phone, credit card, or keys in an Uber is understandable, especially if someone’s in a rush. However, some Uber riders are taking very bizarre belongings with them. Topping off the Lost & Found Index are an “eight-week-old coffee-colored Chihuahua,” a “black faux fur neck cuff in a size large,” and, ” A photo of a New Year’s kiss.” Yikes.Here are the top ten weirdest items from the list:Eight-week-old coffee-colored ChihuahuaBlack faux fur neck cuff in a size largeA photo of a New Year’s kissSix chicken tenders from 7-ElevenA black and white tuxedo for a small dogFull set of 18k gold teethProfessional grade hula hoopSalmon headMedium-sized medical marijuana pipeBirth certificate and social security cardOther outrageous items on the list included a Lego championship wrestling belt, white leather snakeskin Louboutin heels, a Harry Potter magic wand, a mannequin, and a small plush cat eating some pizza.Across the U.S., many people are accidentally forgetting their belongings in Ubers. Surprisingly, the list’s 10 most “forgetful” cities aren’t the major ones people would expect:East AlabamaGallup, New MexicoCookeville, TennesseeMississippi DeltaBoone, North CarolinaSioux City, IowaSouth GeorgiaMankato, MinnesotaCollege Station, TexasTallahassee, FloridaUber also found that specific days of the week have more lost items than others:Monday: People are most likely to forget watches.Tuesday: People are most likely to forget headphones.Wednesday: People are most likely to forget laptops.Thursday: People are most likely to forget books.Friday: People are most likely to forget passports.Saturday: People are most likely to forget phones.Sunday: People are most likely to forget cakes. (Not kidding here.)If you’re one of the unlucky riders who’ve forgotten a miniature fur baby, fantasy props, freshly baked dessert, or a smartphone, you can watch Uber’s video here for help. Uber advises to first call the driver if you’ve lost an item, however, if the item is your mobile device, you can log into your Uber account on a computer and report the missing object(s) ASAP to try and get them back.More on Geek.com:Uber Driverless Cars Return to the Road After Fatal Arizona CrashMore Americans Use Ride-Hailing Apps for Travel, Research SaysRide-Hailing App Vehicles Abandoned in China Stay on target Starbucks to Deliver Nationwide Via Uber EatsUber’s New Rideshare Tier Is the Height of Comfort read more
Related Items:lion fish are invasive to the caribbean, lion fish festival, lion fish hunters wanted Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvodenciales, TCI, September 14, 2016 – The Turks & Caicos Islands are to host its first annual Lion fish Festival. The Festival, hosted by the Ministry of Tourism, Environment, Heritage and Culture’s Department of Environment & Coastal Resources (DECR) and the Department of Culture, in conjunction with the Turks & Caicos Reef Fund, will be hosted on Providenciales and Grand Turk respectively and will include a REEF-sanctioned Lion fish Derby.“Although it is a beautiful animal, lion fish are not supposed to be in the wider Caribbean region, but were introduced off the coast of the US and spread down through the Bahamas. Some TCI fishermen have been catching lion fish on a small scale for many years, and they know that although it’s invasive, lion fish is a very tasty fish. However, these fishers do not typically target lion fish heavily because crawfish, conch, and other fin fish are more profitable. So, we hope that the festival results in many lion fish being caught (and eaten) which will give our reefs a helping hand and also raise awareness about this invasive species. Above all we hope the events are fun and that many people from all walks of life come to take part. ” said DECR Director, Dr John Claydon.Provo’s Lion fish Festival is slated for October 29th at Turtle Cove Marina and Grand Turk the following week on November 5th 2016, at the Library. Fishermen, water sports and dive operators are all encouraged to participate in the derby, which will kick off early in the morning. Family fun will follow with games for the kids, live music, watching of the scoring, free lion fish samples, filleting and dissection demonstrations, and a Q&A session about lion fish.The Lion fish derbies will be a single day competition to collect and remove as many lion fish as possible. Teams will collect lion fish by spearing while free diving or snorkeling. Teams will begin competing at sunrise and will be required to bring their catch to the scoring station by 3:00 pm (South Caicos residents can participate in the Grand Turk Derby and the School for Field Studies will conduct scoring on South Caicos and report it to the organizers on Grand Turk. Each fish will then be measured, and cash prizes are awarded for teams catching the most, biggest, and smallest lion fish.Not known to have any native predators, lion fish are greedy predators that prey on native fish and crustaceans in large quantities. Invasive predators, such as the lion fish, can pose a major threat to marine fisheries, habitats, and ecosystem function. The First Annual Lion fish Festival hopes to draw attention to the Atlantic Lion fish invasion and help promote development of the commercial Lion fish market. read more
Related Items:#magneticmedianews, #YouthMarch Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, October 3, 2017 – Nassau – A bodacious #YouthMarch Sunday in Nassau, some say to honour fallen 8 year old Eugene Woodside but mainly to see for ourselves the outstanding collage of young people making an impact in our Bahamaland. The parade featured thousands of students who got started at Ft Charlotte with inspiring words delivered, in his first Youth Day address, by Minister of Youth, Hon Michael Pintard.#MagneticMediaNews read more
February 27, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) — A winter storm drenched and frosted the San Diego area Tuesday, coating the East County highlands with snow down to the 2,000-foot level and bringing upwards of an inch of rain to some lower-elevation locales.As of mid-afternoon, the banks of dark clouds had dropped 7 inches of snow on Palomar Mountain, 6 inches in Julian, 5 inches on Mount Laguna, 3 inches in Descanso, an inch in Ranchita and trace amounts in Alpine, according to the National Weather Service.Over the same period, the cloudbursts left 1.07 inches of rain in Mesa Grande, 0.96 in Pine Hills, 0.93 in Flinn Springs, 0.91 along Los Coches Creek, 0.9 in San Diego Country Estates, 0.89 in Harbison Canyon, 0.87 on Otay Mountain, 0.85 in Barona, 0.84 in Granite Hills, 0.74 in Ramona, 0.73 in Valley Center, 0.71 in Escondido, 0.63 in Santee, 0.6 in La Mesa, 0.47 in Poway and 0.43 in Fallbrook.Closer to the coast, the storm dropped 0.75 of an inch of moisture at Brown Field airport, 0.59 in San Ysidro, 0.57 in Carlsbad, 0.48 in Chula Vista, 0.45 in Del Mar, 0.44 in City Heights, 0.43 in Encinitas, 0.42 in Mission Valley, 0.39 in Linda Vista, 0.36 in Oceanside, 0.32 at Lindbergh Field, 0.31 in Vista, 0.3 at SeaWorld, 0.29 in La Jolla, 0.18 in Mission Beach and 0.15 in Point Loma.The chilly conditions resulted in some notably low maximum temperatures locally, including 56 degrees in El Cajon, tying the record for the date’s low maximum set last year; 49 in Alpine, tying the record set in 1962; and 55 in Vista breaking the record of 57 set in 2001.Light snowfall was expected to continue tonight as the storm moves out of the area, making way for fair but cool conditions Wednesday and Thursday, according to meteorologists.Another period of inclement weather is due to pass through Southern California on Friday and Saturday, delivering more rainfall and some new coatings of snow in the higher mountain elevations, forecasters said. Mark Mathis Posted: February 27, 2018 Categories: Local San Diego News FacebookTwitter Winter storm brings rain, snow to parts of San Diego County Mark Mathis, read more
Don’t miss the opportunity to share the story of conservation on your farm. Submit your application for a Conservation Legacy Award, and you could also win a trip to the 2017 Commodity Classic in San Antonio, Texas. The deadline to submit an application has just been extended until Sept. 15, 2016.The Conservation Legacy Awards program showcases farm management practices of U.S. soybean producers that are both environmentally friendly and profitable. Three regional winners and one national winner will be selected. All U.S. soybean farmers are eligible to enter to win a Conservation Legacy Award. Entries are judged on soil management, water management, input management, farmstead protection and conservation and environmental management.Winners will be selected from three regions – the Midwest, the Northeast and the South. One of these award recipients will be named the national winner during the American Soybean Association (ASA) Awards Banquet at Commodity Classic.Award Winners Receive:• An expense paid trip for two to Commodity Classic, March 2-4, 2017, in San Antonio, Texas• Recognition at the ASA Awards Banquet at Commodity Classic• A feature on your farm and conservation practices in Corn & Soybean Digest and a special online videoThe Conservation Legacy Awards are sponsored by the ASA, BASF, Corn & Soybean Digest, Monsanto, the United Soybean Board/soybean checkoff and Valent.More information on past winners of the award and how to submit your application are available here. All applications must be submitted by Sept. 15, 2016. read more
The BSE Sensex has fallen by over 1000 points in four trading sessions ending Monday, mainly due to fears that fourth quarter earnings may not reflect high growth as expected, even as analysts see an opportunity to buy at current levels.The 30-share BSE Sensex closed at 27,886.21 on Monday, dropping 555.89 points or 1.95 percent, while the Nifty closed at 8448.10, down 157.90 points.”Notably, the market weakness is along our expected lines, as we had anticipated some correction in the Nifty from the 8,800 levels, considering it was an intermediate hurdle. Notably, the Nifty had surged more than 550 points before the profit-booking set in,” Hitesh Agrawal, Head Research, Reliance Securities, told The Economic Times.However, analysts are not concerned about the sharp correction; instead they see a rebound once the benchmark indices reach their key support levels. “For large institutional investors, this is a good opportunity to kind of accumulate the stocks – the ones you wanted which you thought were at prices which were elevated,” said Prasun Gajri, CIO, HDFC Life Insurance.Experts say that the market will continue to focus on March quarter earnings to find its short-term direction.Infosys, Hindustan Zinc, HCL Technologies, Wipro, Yes Bank, Cairn India, Ultratech Cements and HDFC Bank are scheduled to announce their quarterly earnings this week.”Nifty has immediate support around 8500-8550 zone where it may take pause and in case of rebound, it may face resistance around 8750-8900 levels. All this indicates possibility of consolidation in index in a broader range,” said Jayant Manglik, President-retail distribution, Religare Securities Limited.Last week, Reliance Industries Limited (RIL), India’s second largest company by market capitalization, announced record net profit of ₹6,381 crore in the March quarter, mainly driven by a healthy increase in refining margins.Missing analysts’ estimates for the third straight quarter, dollar-denominated revenues of Tata Consultancy Services (TCS), India’s largest software firm, declined 0.8 percent to $3,900 million in the January-March quarter, while in rupee terms it fell 1.1 per cent to ₹24,219.8 crore.”Clearly, the expectations from the result season have not been great and the first few large caps which have reported results failed to cheer markets. But I will be surprised if you see markets selling off significantly from the current levels because most of that already seems to be priced in,” said Gaurav Mehta, VP -Institutional Equities, Ambit Capital. read more
Imran Khan, a first-time prime minister and foreign affairs novice, faces some formidable diplomatic challenges — Photo: AFPTensions with Afghanistan, faltering relations with the US, and chronically poor ties with India. Pakistan today stands isolated, observers say, and bringing it back into the fold is a formidable task for its new premier Imran Khan.”We have a very big foreign policy challenge right now. If there is one country that needs peace and stability right now, it’s Pakistan,” the former cricket champion said in his victory speech after last month’s election.Achieving that is not likely to be easy for the first-time PM and foreign affairs novice who Saturday took the reins of a country that has been widely accused of stoking regional insecurity by backing extremists — claims Islamabad has repeatedly denied.Ties with the US cooled further in January when President Donald Trump accused Pakistan of “lies” and “duplicity” in the war on terror, suspending military assistance worth hundreds of millions of dollars.Khan has repeatedly blamed Pakistan’s participation in the US-led anti-terror campaign for the surge in terrorism on home soil over the last decade.Now as premier, in a tone noticeably softer than his earlier anti-US comments, Khan has said he wants a “balanced relationship” instead of “fighting America’s war” in exchange for aid.Khan has long advocated a negotiated settlement with Islamist insurgents, a commitment that led to criticism that he is soft on militants and earned him the nickname “Taliban Khan”.If not in Washington, he may find a sympathetic ear in Kabul.Afghan President Ashraf Ghani has also been pushing for talks with the Taliban, and offered a new, conditional ceasefire on Sunday.”Imran Khan is very well positioned in building trust again with Afghanistan,” observed Huma Yusuf, an analyst at the Wilson Center in Washington. “He is seen as a fresh face with a credible voice.”But given the current freeze with Washington, said Yusuf, Pakistan’s “drift from the US camp to the China camp will continue”.- ‘All-weather friends’ -Beijing has long been Islamabad’s “all-weather friend”, and the strategic relationship was stepped up with the 2013 launch of the China-Pakistan Economic Corridor (CPEC), a multi-billion-dollar infrastructure project that is part of Beijing’s Belt and Road initiative.The alliance is widely considered Pakistan’s most important, and Khan has vowed to strengthen it further.But CPEC deals are opaque, and amid fears about Pakistan’s ability to repay Chinese loans, his party has vowed more transparency.That may be difficult in a country where any criticism that may hurt ties with Beijing is considered taboo.”The new government will try to avoid any embarrassment linked with CPEC,” said Andrew Small, an expert on China-Pakistan relations.The stakes are high as Khan’s nascent government must act quickly to avert a looming balance of payments crisis, and most analysts agree that Pakistan will need a loan from abroad.The International Monetary Fund (IMF), which has bailed Pakistan out repeatedly in recent decades, is one option.But Washington, its main contributor, has voiced concerns about Fund money being used to repay Pakistan’s debt to China, and could dictate strict terms.Some in Pakistan have suggested Beijing itself could come to the rescue but Small warned there may be a limit to China’s largesse.- ‘Pakistan first’ -It is arch-rival India which remains Pakistan’s biggest foreign policy challenge, however.The nuclear-armed rivals have fought three wars since the end of British rule in 1947, including two over Kashmir, the vast Himalayan territory that is claimed by both.But reaching out to New Delhi is a path fraught with risk for civilian leaders in Pakistan, where foreign and defence policies are dominated by the powerful military.Many analysts believe former premier Nawaz Sharif’s strong advocacy for better India ties earned him the wrath of the military.It also prompted vociferous criticism from Khan, who accused Sharif of trying to please India at the expense of Pakistan’s interests.Khan’s charged anti-India statements prompted many in both countries to predict that ties could suffer under his leadership.”I was a little saddened by the way the Indian media portrayed me, as if I’m a villain in a Bollywood film,” the new PM acknowledged in his victory speech.But in an apparent about-turn after his poll victory, Khan has advocated peace as the only way forward.”Pakistan and India must dialogue and resolve their conflicts incl Kashmir… and start trading”, he tweeted on Tuesday.In the end, observers say, the extent to which Khan can influence Pakistan’s foreign policy will depend on what the military deems acceptable.His new foreign minister, the high-profile Shah Mehmood Qureshi, brushed off that idea, saying that foreign policy would be made “in the foreign office”.But analyst Pervez Hoodbhoy said that in terms of international affairs, “I don’t expect anything significant” from Khan.”This is not for him to decide.” read more
Related posts:Costa Rica working with FAA to restore Category 1 rating ‘as soon as possible’ Op-ed: Reduce and Recycle to Remain Relevant in Global Tourism Indigenous tour guides to open their own Bribri tour agency Tourism Board invests $1.5 million in lifeguard program for Costa Rican beaches Costa Rican authorities will meet with the United States’ Federal Aviation Administration (FAA) next month in an attempt to recuperate the country’s Category 1 airspace designation. According to Costa Rica’s Civil Aviation Authority (DGAC), the organization will convene with FAA representatives from June 10-12 in Washington, D.C. “From the moment we were notified of the disqualification by the FAA, we accelerated this approach to achieve the requalification without delay and with the accompaniment of the aviation authorities of the United States,” said Guillermo Hoppe, DGAC’s General Director. The FAA announced on May 13 that Costa Rica had been demoted to a Category 2 rating because it “does not comply with International Civil Aviation Organization (ICAO) safety standards … based on a reassessment of the country’s civil aviation authority.” The press release suggested DGAC “is deficient in one or more areas, such as technical expertise, trained personnel, record-keeping, or inspection procedures.”Read: Costa Rica ‘does not comply with ICAO safety standards,’ FAA saysThe Category 2 designation does not prevent any foreign airlines from continuing or offering new routes to and from Costa Rica. However, it prevents Costa Rica-based airlines from establishing new service to the United States. According to DGAC, the upcoming meeting with the FAA will help the organizations establish a roadmap for returning to a Category 1 rating. It will also give the Costa Rican authorities a forum to discuss “the actions that have been taken since the audit began.” Facebook Comments read more
Business booms at Travelweek Sao Paulo by ILTM 2016The sixth edition of Travelweek Sao Paulo by ILTM closed on Friday 6 May, welcoming the world’s most elite travel experiences, luxury destinations and newest brands in almost 20,000 meetings with discerning luxury travel agents from Brazil and Latin America.Event Manager Simon Mayle comments: “The number of meetings and extensive networking that took place during Travelweek Sao Paulo by ILTM this year has built core business, as well as long term business opportunities for those brands present. We have seen many new experiences as well as established brands at this year’s event, showing the importance of the high spending Brazilian tourist for the world of luxury travel.”In its third year as part of the ILTM Global Portfolio, Travelweek Sao Paulo also hosted a number of the world’s most exclusive luxury travel editors and social media influencers to meet with participants.Brazil currently has 168,000 millionaires, predicted to grow to 229,000 in 2020 – an increase of 37%. Across Latin America, the number of millionaires is expected to grow by 52% before 2020, with significant opportunities to expand the luxury travel market.Luxury travel buyers from across the region were delighted with their experience at Travelweek Sao Paulo by ILTM.Tomas Perez of Teresa Perez tours said: “As always, Travelweek Sao Paulo is about reinforcing relationships, building trust with new partners and connecting with the industry. It is essential to see and be seen.”Cathy Worms of Special Trip in Sao Paulo commented: “Travelweek is the perfect opportunity to meet with new clients and build relationships. It is an ideal forum to find the suppliers that will be so important to my clients and therefore my business.”Doug Easton of Los Angeles’ Celestielle added: “We love Travel Week. For the last three years, it’s been the only travel show we attend and this year was easily the best yet. We met with dozens of exceptional hoteliers and it would be difficult to overstate how enormously productive participating in Travel Week has been for our agency.”Exhibitors too – from luxury destinations and established brands to new, boutique properties – were enthusiastic in their praise.Eduardo Gaz, founder of SKIBrasil and Selections said: “Travelweek works commercially, educationally and most importantly as a seal of approval to the industry – we wouldn’t miss it for the world.”Wilbert Das, designer and founder of Brazil’s UXUA Casa Hotel & Spa, a new partipant commented: “Brazil is still in the early stage of a huge potential growth in the tourism industry but we are ‘followers’ as a nation and have the advantage that we can learn from the rest of the world. It has been great to meet with international travel designers and decision makers during Travelweek Sao Paulo.”Adelaida Borg, Head of Sales in Latin America for Oetker Collection added: “Travelweek is the best opportunity to create brand awareness in Brazil and Latin America, especially now that we are launching a hotel in São Paulo, the Palácio Tangará.”Simon Kerr, Chief Marketing Officer of Yoo Hotels & Resorts said: “Travelweek is the perfect environment to launch the Yoo2 brand with the opening of our hotel in Rio de Janeiro. The show has a great quality of buyers and media, and has really set out some incredible opportunities for us.”Source = ILTM read more
Servicing, Political Leaders Meet to Tackle Today’s Challenges in Daily Dose, Government, Headlines, News, Servicing Policymakers and servicing leaders gathered Tuesday at the Newseum in the nation’s capital for the fifth annual Five Star Government Forum, an all-day event created to foster honest and open dialogue about the servicing industry’s most pressing challenges.Topics of the day included the regulatory impact on servicing, understanding compliance issues, and the government’s role in restoring a healthy mortgage market, with a congressional update from Rep. Randy Neugebauer (R-Texas) and special keynotes delivered by Ginnie Mae president Ted Tozer and former Federal Housing Finance Agency acting director Edward DeMarco.In case you missed it, we captured a few photos highlighting the day’s events and the lineup of speakers—including some of the most influential names in housing and servicing today.Editor’s note: The Five Star Government Forum was hosted by the Five Star Institute, parent company of MReport and theMReport.com. Edward DeMarco mortgage servicing Politics Ted Tozer 2014-03-25 Tory Barringer March 25, 2014 490 Views The Forum was hosted at Washington, D.C.’s historic Newseum, an interactive museum dedicated to the history of journalism. Ginnie Mae’s Ted Tozer attracts a standing-room-only crowd with his opening keynote. Donald Lampe, partner at Morrison & Foerster, moderates the “Complexity of Compliance” panel designed to unravel regulatory tangles. Share read more
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" The incident comes as the DNC is working to strengthen its cyber defenses after being the target of hacks during the last presidential campaign. It was supported by the Center for Security Policy, are Chinese. Pakistan’s reaction was swift. 1973, said Friday that the committee was not prepared to have a hearing on the issue, He also alleged that the BJP scripted this attack as he has been fighting against the ‘injustice’ meted out by the Centre to Andhra Pradesh. improving the lighting system and removing art that’s been added since construction.” Palmiscno said. Part of the reason is the sensationalist nature of our 24-hour news cycle.
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