By Kenneth JacksonAPTN National NewsA First Nation woman who was struck and killed by a freight train in Toronto Tuesday night was also a witness in a murder investigation and had allegedly been receiving death threats about testifying according to people close to her.Terra Gardner is believed to have been hit on the tracks near Young Street and Summerhill Avenue at about 10:25 p.m. close to a popular spot where people are known to drink by the tracks. Two other people are believed to have been with her at the time of her death.Gardner had been receiving death threats and was being called a rat for providing information in the Toronto homicide of First Nations man Leo Buswa in 2010.Buswa was beaten Aug. 29 that year and died a month later in hospital.Last month Gardner testified at the preliminary trial of Blake Paul, of Moose Factory, Ont., who is accused of second-degree murder. Paul was arrested in 2012 in Cape Breton, N.S.Gardner apparently was reluctant to testify and she was warned by officials that if she didn’t testify she would be held in custody until the trial, scheduled for later this year, according to Doug Johnson Hatlem, a street pastor with Sanctuary, an organization in Toronto that helps struggling people.“They did not give her adequate protection for testifying…in a major murder trial where she is being called a rat and being threatened and we had to literally beg to get her a second night in a hotel and she was testifying for five straight days,” said Johnson Hatlem. “They just wanted to give her the first night. She’s homeless. She’s vulnerable.”It’s not immediately known if Gardner’s death is being treated as suspicious by Toronto police but it’s leaving some to question the timing of the death.“That’s a potential,” said Johnson Hatlem. “It also could have been an accident. We don’t know that yet but given the circumstances if this isn’t treated at least a little bit suspicious it’s going to be really, really maddening.”Originally from Nigigoonsiminikaaning First Nation, located 40 km east of Fort Frances, Ont., Gardner was living in Toronto. She often went to Sanctuary for help.On her Facebook page dozens of people expressed sorrow upon learning of her death.“I just don’t want to believe it’s true and then I keep seeing everyone post about you being gone,” said one person. “The waves of sorrow are small right now but, I can feel them growing and it hurts more and more when I think I wont be able to walk do the street and see that beautiful smile of yours or get one of those super awesome hugs.”Police said they couldn’t release any firstname.lastname@example.orgTwitter: @afixedaddress
LOS ANGELES, Calif. – CBS’ “60 Minutes” proved it still has the moves in its 50th year to dominate the ratings.The news magazine’s interview with Stormy Daniels was the most-watched program for the week of March 19 with 22.1 million viewers. The adult film star is alleging a 2006 sexual encounter with Donald Trump, which the president has denied.Sunday’s “60 Minutes” audience was nearly double the 11 million viewers the show has been averaging this season. It gave the program its best showing since 2008, when 25 million tuned in to see President-elect Barack Obama and his wife, Michelle.Daniels was a big draw, but “60 Minutes” also got a March Madness boost from the NCAA Duke-Kansas contest that preceded it and sent the Kansas Jayhawks to the Final Four.
New Delhi: The Congress on Thursday named three candidates for three assembly seats in West Bengal where bypoll will be held on May 19. The Congress has fielded Alhaj Muzaffar Hussain from Islampur, Rejina Murmu from Habilpur (ST) and Khwaja Ahmed Hussain from Bhatpara. Bypoll to five assembly constituencies of West Bengal will be held on May 19 and votes there will be counted along with those of all Lok Sabha seats, the Election Commission had said. The five assembly seats – Darjeeling, Islampur, Kandi, Habibpur (ST) and Bhatpara – fell vacant after the sitting MLAs resigned following their nomination to contest Lok Sabha elections.
“This is a volatile moment in Nepal’s peace process,” Secretary-General Ban Ki-moon’s Representative Karin Landgren told a meeting of the Security Council, adding that the current political crisis reflects a “serious deficit of trust among the principal political actors.”Prime Minister Pushpa Kamal Dahal (“Prachanda”), who leads the Maoist Communist Party of Nepal (CPN-M), tendered his resignation yesterday after the Chief of Army Staff – who the Prime Minister fired on Sunday – was reinstated.Ms. Landgren recalled the “significant” progress made in Nepal, including the successful conduct of elections, the ongoing work of the Constituent Assembly, and the declaration of a republic which brought a peaceful end to the monarchy. At the same time, she expressed concern that the latest developments will “divert already limited attention” being paid to unfulfilled commitments of the peace agreements that ended the country’s decade-long armed conflict in 2006. Chief among these is the drafting of a constitution and the integration or rehabilitation of Maoist army personnel. “Unfulfilled commitments are the Achilles’ heel of the peace process, and threaten the peace dividend that the people of Nepal expect and so richly deserve,” she said.The Representative noted that recent developments have “serious implications for the functioning of government and for the nature of the State to be shaped by Nepal’s next constitution. “In the short term, there is a risk of paralysis with possibly protracted negotiations on forming a new government, and a stalling of preparations for the discharge of the disqualified and integration and rehabilitation of verified Maoist army personnel,” she said.The Maoists hold 40 per cent of the seats in the Constituent Assembly, more than twice the number of any other party, and the constitution cannot be completed without their support, she noted. “The peace process which Nepal has driven forward since 2005 has been remarkable, and the events of 2008 of historic magnitude,” she said. “The parties should urgently take steps to rebuild trust and work together in the spirit of compromise and consensus needed to protect the achievements and ensure further progress in the coming weeks and months. “The next key steps – addressing the future of the Maoist army personnel, and drafting the new constitution – will be extremely difficult to achieve without a greater degree of political cooperation, and a common vision,” she added.The Security Council today voiced its concern about the current political crisis. In a statement read out by Ambassador Vitaly Churkin of Russia, which holds the 15-member body’s presidency for May, the Council underscored “the urgent need for the Government of Nepal and all political parties to continue to work together in the spirit of compromise.”Also today, Mr. Ban reiterated his serious concern about the political situation in the country during his monthly news conference in New York. “I call for dialogue and consensus to preserve and enhance the gains made from the peace process,” he told reporters. 5 May 2009All parties in Nepal must work urgently to rebuild trust and achieve consensus, the top United Nations official in the country said today, warning that the crisis sparked by the Prime Minister’s resignation threatens the gains made so far in the peace process.
Work days lost, medical treatment required and cash benefits paid out due to workplace accidents or related injuries account for some 4 per cent of global gross domestic product (GDP), said Juan Somavia, Director-General of the International Labour Organization (ILO), in a message marking the Day. This exceeds the total value of stimulus packages rolled out during the economic crisis, he emphasized. “We are still dealing with the consequences of workplace hazards of the past,” Mr. Somavia noted, with 2.3 million people die from work-related injuries or diseases every year. “At the same time we are confronted with new occupational safety and health challenges in a world of work undergoing rapid transformation.” He pointed out that new risks have emerged in fields such as nanotechnology application, biotechnology and chemical handling. An ageing workforce, as well as rising numbers of female, migrant and informal workers, also has implications for occupational safety and health strategies. “Another striking development is the rise in psychosocial conditions linked to new stresses and strains of work in the global economy,” the ILO head said, with the recent global downturn having taken a heavy toll on many workers. Occupational safety and health management systems must continue to be reassessed and bolstered if they are to over poor past practices, meet current challenges and anticipate future risks, he underscored. “Experience shows that prevention works for all.” 28 April 2010The head of the United Nations labour arm today called for enhanced prevention in the face of emerging risks in the workplace as he marked this year’s World Day for Safety and Health at Work.
A Niagara Regional police officer facing multiple allegations of misconduct under the police services act has resigned from the force.Constable Scott Heron was charged with criminal offences related to the illegal importation of $143,000 worth of cheese and chicken wings into Canada in 2012 and was subsequently suspended from duty.He was convicted in 2015 and sentenced to four months in jail. Heron filed an appeal of his criminal convictions and sentence to the Ontario Court of Appeal but it was dismissed on June 1. His resignation means he is no longer subject to the disciplinary provisions of the Police Services Act.RELATED STORIESNiagara ‘Cheese Cop’ gets sentencedNiagara Police constable found guilty of smuggling
“I welcome the announcement that the next group of 400 residents are willing to commence the move from Camp Ashraf to Camp Hurriya immediately after the Eid holiday,” the Secretary-General’s Special Representative for Iraq, Martin Kobler, said in a news release issued by the UN Assistance Mission for Iraq (UNAMI), which he also heads.A Muslim holiday marking the end of the month of fasting known as Ramadan, Eid al-Fitr is observed on Monday in various countries around the world.In line with a memorandum of understanding signed in December by the UN and the Iraqi Government, some two-thirds of the residents, or nearly 2,000 people, have been relocated from Camp Ashraf – now known as Camp New Iraq – to a temporary transit location near Baghdad, known as Camp Hurriya, where a process to determine refugee status is being carried out by the Office of the UN High Commissioner for Refugees (UNHCR).Close to 1,300 individuals – Iranian exiles, many of whom are members of a group known as the People’s Mojahedeen of Iran – are still awaiting transfer from Camp Ashraf to the transit centre.“I request the Government of Iraq to be generous with regard to the humanitarian needs of the residents,” Mr. Kobler said. “I also reiterate my appeal to Member States to accept the residents for resettlement in their countries.”In addition to Mr. Kobler, Secretary-General Ban Ki-moon has also previously urged all parties to avoid violence and work together to peacefully conclude the transfer of the remaining Iranian exiles.The UNAMI news release also noted that there has been continuous progress in efforts to improve the living conditions in Camp Hurriya.“The United Nations continues to support a peaceful solution to the issue of Camp Ashraf, continues to monitor the relocation process, and provides 24/7 monitoring in Camp Hurriya,” the Mision stated, adding that it calls upon the remaining residents of Camp Ashraf to “also start preparations for additional convoys to Campy Hurriya, in order to peacefully complete the relocation process.”
Ohio State junior guard C.J. Jackson (3) talks with head coach Chris Holtmann during a timeout in the first half of the game against Radford on Nov. 12. Credit: Jack Westerheide | Photo EditorZero points, zero assists, four turnovers. Ohio State junior point guard C.J. Jackson’s statline was not good when he sat on the bench with head coach Chris Holtmann in his ear early in the first half.“At the beginning my mind was sped up a little bit,” Jackson said. “I was trying to make the home-run play and once [Holtmann] pulled me to the side he just told me to hit singles. And that’s what I tried to do once I came back in.”Jackson slowed his mind down and found his rhythm to overcome his rough start. The 6-foot-1 point guard helped lead Ohio State to an 82-72 victory against Radford at the Schottenstein Center Sunday. He finished with 19 points on 7-of-13 shooting, six rebounds, three assists and two steals. Holtmann wants his point guards to be able to facilitate for others while avoiding turnovers. Jackson began the Buckeyes’ matchup with the Highlanders turning the ball over on the opening possession. Jackson proceeded to commit three more turnovers in the first seven minutes of the game before Holtmann subbed him out with 13:21 remaining in the first half.Senior forward Jae’Sean Tate said he and Jackson both have to work on reducing turnovers as the team’s primary ball-handlers, but praised his teammate’s ability to respond to adversity.“Once coach pulled him out I went over to him like, ‘Look bro, there’s a lot of basketball to be played,’” Tate said. “And once he got out there and saw a couple shots going in and hit the singles like coach said, then he just took over the game — more aggressive, he found his rhythm and he made everybody around him better too.”Holtmann only sat his starting point guard for 3:18 before calling his number to check back into the game. Despite leading 15-14, the Buckeyes had already committed seven turnovers while converting on only five shot attempts.After a two-minute lull in scoring for the Buckeyes, Jackson hit a 3-pointer to give Ohio State a 18-14 lead with 15:14 remaining in the first half. Jackson’s 3-point basket sparked a 13-0 Ohio State run and the Highlanders did not come within eight points for the remainder of the game.Holtmann said Jackson has been making great strides at the point guard position and commended his coachability and willingness to improve.“I thought he responded well,” Holtmann said. “Obviously outside of his turnovers, I thought he was pretty good defensively and I thought he — he can make shots, he can really shoot the ball.”The Eastern Florida State transfer played his first season at Ohio State last year, but only started nine games, primarily serving as Jaquon Lyle’s backup. Jackson’s stats were unimpressive. He shot below 40 percent and averaged less than six points per game. However, he came on strong to finish the season, averaging 10.7 points, 3.1 rebounds, 3.1 assists and 1.1 steals per game in his final seven games.After Lyle quit the team in April and transferred to New Mexico, Jackson became the sole point guard on Ohio State’s roster. In his second season at Ohio State, Jackson has been thrust into a much larger role as the team’s floor general at the Division I level. Holtmann admitted there will be some growing pains for the JUCO transfer.“He’s got a big load, right,” Holtmann said. “He’s against pressure, he’s our primary ball-handler. We’re going to live through his mistakes. I’ve been really pleased with a lot of his growth.”Jackson hopes he’ll be able to avoid early statlines like he had Sunday and find his rhythm from the opening tip.
Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedIPL: Pant’s epic ton in vain as Sunrisers reach playoffsMay 10, 2018In “Sports”IPL: Narine, Lynn and Uthappa book KKR’s playoffs spotMay 19, 2018In “Sports”Pant lights up an epic game, Capitals progressMay 8, 2019In “latest news” Billy Stanlake stood out as much for his stature as his bowling BCCISunrisers Hyderabad 127 for 1 (Dhawan 77*, Williamson 36*) beat Rajasthan Royals 125 for 9 (Samson 49, Kaul 2-17, Shakib 2-23) by nine wickets The highest successful chase in Hyderabad over the last three seasons has been 147. Without David Warner, their highest run-getter in each of the previous three seasons, it was a brave call from new Sunrisers Hyderabad captain Kane Williamson to field first and his bowlers justified that call in style.Rajasthan Royals huffed and puffed to 125 for 9 and then saw Sunrisers canter home by nine wickets on the same Uppal surface where the ball appeared to be doing all sorts of tricks when they batted. Shikhar Dhawan slammed a half-century, Williamson warmed up with an attractive knock and the home fans returned home a happy lot.In his first game for the new franchise who acquired him for a steal at INR 50 lakhs (US$ 78,000 approx), Australia fast bowler Billy Stanlake used his 6”7 height to generate zip and awkward bounce to bowl four impressive overs that also fetched him the big scalp of Ben Stokes for 5. Then spin twins Shakib Al Hasan and Rashid Khan applied the brakes in the middle overs, finishing with combined figures of 3 for 46 off eight overs to derail Royals. Barring Sanju Samson’s 42-ball 49, there was little of note from the top order.In reply, Sunrisers completely took the surface out of the equation as Dhawan and Williamson’s 121-run second-wicket stand snuffed out any inkling of hope Royals may have had of salvaging the match. (Excerpt from ESPNcricinfo)
Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedHigh drama in Court as 7 freed of 2013 murder of young businessmanFebruary 5, 2019In “Court”Trial into 2013 robbery/murder of Meten-Meer-Zorg businessman commencesJanuary 15, 2019In “Court”Trial into 2013 Meten-meer-zorg robbery/murder continues …Prosecution star witness testifiesJanuary 22, 2019In “Court” Murdered: Zulfikar NamdarFamily members of both the deceased and the 7 accused of killing Metez-Meer-Zorg businessman Zulfikar Namdar will be on the edge of their seats as a 12-member jury is set to soon hand down its verdict in the murder trial.Allan Dorsett called “Baird”; Delwayne Croft; Esan Lawrence, called “Muscle”; Jermaine Williams, called “Yankee”; Andrew Chandler, called “Sonic”; Samuel Bacchus, called “Kirk”; and Cassandra Singh-Dorsett have all denied murdering Namdar who met his demise in September 2013 when masked gunmen stormed his parents premises asking for cash and the boss man.After the two prosecution star witnesses identified the seven accused as being part of the robbery that led to the death of Namdar, the jury will soon determine innocence or guilt.This comes after defence counsels Nigel Hughes, Adrian Thompson and George Thomas presented their cases on Wednesday morning before the 12 members that have been hearing the matter for nearly three weeks.The lawyers sought to highlight inconsistencies in the testimonies of witnesses Chris Jagdeo and self-confessed drug dealer Nick Skeete.Skeete said the attack was planned in his backyard when the male defendants were smoking cannabis while Jagdeo claims he watched the Dorsett’s baby and was there when the alleged robbers returned from the crime scene.During trial the jury heard from police that Mrs Dorsett allegedly gave the men head ties to cover their faces before the crime was committed.20-year-old, Namdar called Vickey, a father of two was shot and killed at around 20:45h on September 10, 2013 when the group invaded and robbed his father’s place of business.The gunmen further beat and robbed other family members of Namdar including his mother of $1.3M worth of jewelry and $320,000 in cash.They then quickly made good their escape.However, quick action by Police and a tip off led to the suspects all being swiftly apprehended.
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German side Fuchse Berlin will try to re-establish high ambitions in the next season after Erlingur Richardson overtake job from Dagur Sigurdsson. As Kasper Nielsen already left the team, the other faces who want be in the roster of the new coach from next June are Iker Romero, Konstantin Igropulo and Petar Nenadic. ← Previous Story Germany prepares for last tests before Qatar 2015! Next Story → Morten Olsen breaks nose – no World Championship for him!
FRENCH PRESIDENT FRANCOIS Hollande has finally got his super tax on high incomes after the country’s highest court upheld the law’s latest version.Hollande originally promised a 75 per cent tax on income over €1 million. It would have affected a tiny number of taxpayers, but it became a symbol of Hollande’s campaign promise to make France fairer for the middle class.But the constitutional council threw out that tax as unfair.Hollande’s administration rewrote the tax in the 2014 budget. It is now a 75 per cent tax paid by the employer, and doesn’t reduce employees’ earnings.The council ruled today that the tax was constitutional. In a series of rulings on the budget, it declared a change to the wealth tax that would have taxed latent revenue unconstitutional.Read: France introduces 75 per cent income tax rate for millionaires > Read: French court rejects 75 per cent tax rate for millionaires >
Tweet thisShare on FacebookEmail this article Mar 4th 2017, 9:31 AM Saturday 4 Mar 2017, 9:31 AM Image: Shutterstock/Christian Mueller Share Tweet Email By Cliodhna Russell http://jrnl.ie/3270505 A STATUS YELLOW weather warning is in place for ten counties this morning.The rainfall warning is in place for Connacht, Donegal, Clare, Cork, Kerry and Limerick.Met Éireann issued the warning yesterday and it will stay in place until midday today.The forecaster is advising people of extreme conditions, including sleet, snow and heavy rainfall with 30 to 40mm of rainfall expected.Conditions will ease as the day goes on but drivers are being warned that surface water may be an issue on the roads.Read: No mourning at final resting place of Tuam babies – only an eerie silence> Sleet, snow and heavy rain: Status yellow weather warning for ten counties Conditions will ease as the day goes on but drivers are being warned that surface water may be an issue on the roads. 27,972 Views 12 Comments Image: Shutterstock/Christian Mueller Short URL
By Cliodhna Russell Image: Shutterstock/urbans Share Tweet Email2 http://jrnl.ie/3328886 Short URL Image: Shutterstock/urbans SOFT DRINKS COMPANIES are reducing the amount of sugar in their drinks to avoid the upcoming sugar tax.Around 685 million litres of soft drinks are sold in Ireland every year.Ireland plans to introduce a tax on sugar-sweetened drinks in April 2018, to coincide with the introduction of a similar tax in the UK at that time.The Minister for Finance, Michael Noonan, said it was originally estimated that the tax would apply to 60% of soft drinks sales but due to reformulation, it’s now thought to be closer to 50%.The soft drinks industry continue to reformulate their products, reducing sugar content, in order to limit their exposure to the tax.The rate of tax has not yet been decided and could range from 1c to 20c per 330 ml can. The annual yield would be approximately €8.4 million for a 1 cent increase, and would be around €168.7 million for a 20 cent increase.Speaking in the Dáil, Noonan said the UK has experienced the same issues around reformulation and has revised down their estimated yield from £520m to £380m.He added that while the tax yield will be lower as a result, the overall impact is positive.The policy is already having a positive impact prior to its introduction, however, this means that the resulting tax yield will likely be less than estimated.Effects on diabetes community Lucozade Energy Original recently announced that it is changing its formulation to contain around 50% less glucose-based carbohydrates.Previously the drink was widely recommended to Irish people with diabetes due to the high level of glucose-based carbohydrates. Around 225,840 people with diabetes live in Ireland.Diabetes Ireland said this reformulation is not advertised on the bottle and warned people with diabetes about the change.Lucozade Energy Original will now contain around 50% less glucose-based carbohydrates, so the amount needed to treat hypoglycaemia will change.Hypoglycaemia, often referred to as a ‘hypo’, can be a side-effect of insulin and taking some diabetes medications. A blood glucose level below 4mmol/L is considered hypoglycaemia.Read: 12 cans of Heineken for €20? This is how minimum pricing could affect your pocket> 16,886 Views Soft drinks are reducing in sugar to avoid the upcoming sugar tax Minister Noonan said that while the tax yield will be lower as a result, the overall impact is still positive. Apr 9th 2017, 11:30 AM Sunday 9 Apr 2017, 11:30 AM 59 Comments Tweet thisShare on FacebookEmail this article
Stay on target ‘Overwatch’ Coming to Nintendo Switch… In Case FormLego Adds Two More ‘Overwatch’ Sets: Wrecking Ball and Junke… After what has seemed like forever (okay it’s been a few months), Blizzard officially announced the newest playable character in Overwatch: Sombra.The studio made the announcement during the BlizzCon opening ceremonies on Friday after leaks earlier this week exposed the design for the character.And because this is Blizzard we’re talking about, they debuted the character with a short film called “Infiltration” that shows her in action and reveals some previously unknown character details, such as alliance and motivations.In the video, we see that Sombra is a Mexican hacker that works with Talon, which is the evil organization that also boasts Widowmaker and Reaper on its roster. While she’s seen working with the pair to infiltrate Volskaya Industries, it also shows that she has some plans of her own and isn’t afraid to lie to her teammates. We get to see her personality, which is hyperactive and fun. She’s seen “booping” her enemies on the nose, which I can only guess is going to be the next big fad among Overwatch players.In the game, Sombra is an offense class, similar to Reaper and Tracer in her ability to stealthily flank the opposing team. Much in line with her hacking skills, her abilities include “hack,” which allows her to disable enemy abilities for a short period of time, “thermoptic camo,” which allows her to go invisible, a translocator that can help her teleport across the map, and an EMP, which can destroy enemy shields and hack any character within its blast range (perfect for when a bunch of combatants are releasing their ultimate attacks on the point). She also has a handy machine gun for more traditional combat.This reveal has been a long time coming. Since developers announced the character Ana, they’ve been building anticipation with an augmented reality game that has dropped encrypted images and messages, along with posting a months-long timer to…something. Marketing has also been doing a good job dropping clues in maps, such as Dorado, and on social media and in forums.Sombra will be available to play on the Overwatch Public Test Region for PC players starting next week. There’s no word yet on when she’ll get a wide release.In addition to Sombra, Blizzard announced the Overwatch League, which is described as a “world-class sports ecosystem” for professional Overwatch players and will premiere in early 2017. For more casual Overwatch players, Blizzard announced a new map, Oasis, and a new gameplay mode called Arcade, which will feature 1v1 and 3v3 games instead of the usual 6v6.
RelatedPosts Fire has ripped through 18 floors of the Genting Crown Casino building in Poipet, Cambodia overnight.Fresh News Asia reported that calls for help were received shortly after 22:00 last night, with firefighters arriving to find the building ablaze and smoke pouring into the night sky. Some reports claim that the fire started on the first floor, which forms part of the Genting Crown Casino complex, before climbing upwards into residential apartments.A number of people are believed to have been trapped in the building by the blaze although it is unknown at this stage if there are any casualties. It is also unknown as to how the fire started.Genting Crown Casino, which has no affiliation to Malaysia’s Genting Group, launched in 1999 and was one of Cambodia’s first licensed casinos.Hong Kong-listed Amax International signed a three-year deal in December 2017 to operate a VIP room at the property with 13 VIP baccarat tables – helping Amax boost its revenue from HK$10.5 million to HK$62.3 million in the first six months of 2018. Genting’s Resorts World Las Vegas names five key additions to executive team Strong VIP growth sees Okada Manila GGR climb 72% in August Lack of premium mass strategy begs questions of SJM’s Grand Lisboa Palace launch: analysts Load More
IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:00/0:57Loaded: 0%0:01Progress: 0%Stream TypeLIVE-0:57?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Know about the new 100 currency note A better probability of Prime Minister Narendra Modi getting a second term after an escalation in tensions between India and Pakistan has had an unlikely gainer — rupee. In a matter of five weeks, the rupee has made a dramatic turnaround to become Asia’s best-performing currency from its worst. The optimism after several exit polls showed a spike in approval ratings of the prime minister has led to robust flows into local shares and debt, turning the carry-trade returns on the rupee to the highest in the world in the past month.The currency is set to rally further if PM Modi wins a second term, Gao Qi, a currency strategist at Scotiabank in Singapore told Bloomberg. A dovish tilt by major central banks across the world amid weakening growth could also lead to investors chasing high returns in emerging economies. Around 11 central banks have eased monetary policy this year, while just three have tightened policy. Qi expects the rupee to strengthen to around 67 per dollar by June-end.A sudden surge in the inflow of dollars has sent the rupee to its highest level since August, prompting profit booking that led to the currency witnessing a drop on Tuesday after six trading sessions of continuous gains. In the year-to-date, foreigners bought a net $3.3 billion of shares, accounting for over half of total inflows of $5.6 billion in the period. Foreign investors have also raised holdings of bonds by $1.4 billion this month. According to data compiled by Bloomberg, borrowing in dollars to purchase rupee assets has earned 3.8 per cent over the past one month, the best carry-trade return in the world. A customer hands Indian currency notes.REUTERS”The market is pricing in a Modi victory as there are no other factors that explain the sudden change of mood,” Anindya Banerjee, an analyst at Kotak Securities told the media agency.Several opinion polls show the ruling coalition-led by PM Modi may get over 272 seats in the Lok Sabha needed to form the next government. Polling will start on April 11 and results are slated to come out on May 23. Besides improved sentiments, carry traders are eager to long rupee and short other low-yielding currencies, including the dollar.Investor optimism on rupee is also reflected in the derivatives market, where one-month options conferring the right to sell the rupee now cost 19 basis points more than those to buy. “Global conditions — dovish Fed and ECB — have turned more supportive and domestically, increased confidence in the BJP’s prospects and a recovery in portfolio flows have been the key driver for the rupee,” said Dushyant Padmanabhan, a currency strategist at Nomura Holdings Inc. in Singapore.Other indicators such as three-month implied volatility, which is used to gauge expected swings used to price options, too point towards a stronger rupee. The volatility gauge fell to 5.87 per cent on Friday, the lowest level since August. Close
[Representational Image]ReutersA Pakistani expatriate in the United Arab Emirates (UAE) turned good Samaritan when he helped two Indians who have been cheated by a fake recruitment agent.Mohamed Asadullah, a Pakistani Quran teacher, has been helping the duped Indian job seekers, Mohammed Usman and Sivakumar, with their accommodation and food.”They came here with their agent after I put an advertisement for vacant spaces at the villa. I then realised that they have been duped. I wanted to help them with whatever I could offer,” Asadullah was quoted as saying by Khaleej Times on Monday.”Sharing my food with them is the least I could do. I have been asking my Indian friends to help these guys find a way out. Being an illegal resident is a crime in the UAE. And if they can sort that out faster, the better.”The woes of Usman and Sivakumar started after they found an agent through an advertisement on a Tamil TV channel.Initially, they were not supposed to go to the UAE. Noor Mohammed, the travel agent, asked both of them to pay Rs 2 lakh each for the processing of their visas to Australia.When the processing got delayed several times, Mohammed told them it was due to technical difficulties in immigration. They were then asked for multiple amounts of money in different instalments to continue the process.Lands in ThailandAt first, the duo were provided with tickets to Thailand, telling them that their Australian visa would arrive soon. But they were not allowed to enter the country as they did not meet the requirements for visa-on-arrival.Stranded at the airport, the duo returned to India after making a distress call and asking their relatives to purchase return tickets for them.When Usman and Sivakumar asked the travel agent to return their money – almost Rs 7 lakh each – the agent told them that Australian visa is ready, and travelling via the UAE would be a “better route”.He also told them that he had secured their UAE tourist visas to ensure that there would be no hassle.When they reached the UAE, the duo were given accommodation in Al Nuaimiya in Ajman. The agent, who gave them 50 dirhams, never returned.”We arrived here on May 1, expecting a better life. Now, we live in the cramped quarters of an old villa. We have overstayed for quite a long time and don’t know what to do. We believed our travel agent, but he duped us,” said Sivakumar.Usman and Sivakumar from the south Indian states of Kerala and Tamil Nadu, respectively, are another pair of Indians who got duped by fake recruitment agents who promised them secure jobs and a stable income.
Pakistan summoned the US ambassador in protest against US president Donald Trump’s angry tweet about Pakistan’s “lies and deceit”, while foreign minister Khawaja Asif dismissed the outburst as a political stunt.David Hale was summoned by the Pakistan foreign office on Monday to explain Trump’s tweet, media said. A spokesperson for the U.S. Embassy in Islamabad confirmed the meeting took place.In a withering attack, Trump on Monday said the United States has “foolishly” handed Pakistan more than $33 billion in aid in the last 15 years and had been rewarded with “nothing but lies and deceit”.“They give safe haven to the terrorists we hunt in Afghanistan, with little help. No more!” Trump wrote on Twitter.Pakistan prime minister Shahid Khaqan Abbasi on Tuesday will chair a cabinet meeting that will focus on Trump’s tweet, while on Wednesday the country’s top civilian and military chiefs will meet to discuss deteriorating US ties.Relations between United States and its uneasy ally Pakistan have been strained for many years over Islamabad’s alleged support for Haqqani network militants, who are allied with the Afghan Taliban.Washington has signalled to Pakistan that it would cut aid and enact other punitive measures if Islamabad did not stop helping or turning a blind eye to the Haqqani network militants who carry out cross-border attacks in Afghanistan.Islamabad bristles at the suggestion it is not doing enough in the war against militancy, saying that since 2001, Pakistan has suffered more than the United States from militancy as casualties at the hands of Islamists number in the tens of thousands.Pakistani foreign minister Khawaja dismissed Trump’s comments as a political stunt borne out of frustration over US failures in Afghanistan, where Afghan Taliban militants have been gaining territory and carrying out major attacks.“He has tweeted against us (Pakistan) and Iran for his domestic consumption,” Asif told Geo TV on Monday.“He is again and again displacing his frustrations on Pakistan over failures in Afghanistan as they are trapped in dead-end street in Afghanistan.”Asif added that Pakistan did not need US aid.A US National Security Council official on Monday said the White House did not plan to send $255 million in aid to Pakistan “at this time” and said “the administration continues to review Pakistan’s level of cooperation.” In August, the administration had said it was delaying the payment.