Anwar conveys interest to Brazilian president and ‘will go through the process’
BUKIT MERTAJAM: Malaysia will seek to join the BRICS (Brazil, Russia, India, China and South Africa) intergovernmental organisation, says Datuk Seri Anwar Ibrahim.
The Prime Minister said he had conveyed Malaysia’s wishes to Brazil’s President Luiz Inacio Lula da Silva.
“We (Malaysia) will go through the process to enable the country to join the organisation. For the past two months, the Foreign Ministry has conducted a study on our policy before deciding to join BRICS.
“I have spoken to the President of Brazil about our wish,” he said after attending a gathering for local residents in Mengkuang Semarah here yesterday.
Anwar was earlier quoted as saying that Malaysia would begin the formal procedures to join BRICS.
In an interview with Shanghai-based news site Guancha, Anwar said Malaysia was now awaiting the final decision and feedback from the South African government.
On the ground: Anwar getting friendly with the children who attended the qurban ceremony with the Prime Minister at Masjid Jamek Cerok Tokun Bawah in Bukit Mertajam, Penang. — Bernama
BRICS was originally founded as BRIC, with the four original members being Brazil, Russia, India and China. It held its first summit in Yekaterinburg, Russia, in 2009.It was renamed BRICS when South Africa joined in 2010.
The group now comprises Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, the United Arab Emirates and Saudi Arabia.
Together, they make up about 30% of the world’s land surface and 45% of the global population.
The grouping, originally set up to highlight investment opportunities, has evolved into a geopolitical bloc where members meet annually at formal summits.
In July 2014, BRICS created a US$100bil (RM471bil) New Development Bank with a currency pool worth over another US$100bil.
Since 2012, it has been planning an optical fibre submarine communications cable system, known as the BRICS Cable.
During the summit in 2023, BRICS members committed to studying the feasibility of a new common currency.
To date, 15 summits have been held with Russia scheduled to hold the next one in Kazan, Russia, in October.
How the U.S. response to COVID-19 failed and caused thousands of deaths
https://youtu.be/_Geb5l6Ymhw
There have been over 1.6 million #coronavirus cases and nearly 100,000
deaths in the U.S. While many countries are gradually recovering, no
turning point for the pandemic in America is on the sight.
Lots of people are shocked at how America, the largest economy in the
world, and a great country in the eyes of many, has got to this point.
So to find out what led to this mess, let's back up a little and take a
look at the timeline.
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The World Health Organization has praised China's response to the coronavirus outbreak and its efforts to stop it from spreading overseas.
GENEVA: The World Health Organisation (WHO) said it appreciates China’s openness to joint efforts by the international science community to identify the source of the virus, and that such a scientific mission should consist of “the right mix of scientific experts from a multinational perspective”.
“We’ve been in discussions day-to-day with our colleagues in China about putting together the necessary scientific inquiries into the origin of the virus, ” Dr Michael Ryan, executive director of WHO Health Emergencies Programme, said in a press conference on Monday.
“I think the authorities in China, governments around the world and ourselves are very keen to understand the animal origin of the virus itself. And I am very pleased to hear a very consistent message coming from China, which is one of openness to such an approach, ” he added.
However, he said a date has not been set yet for a scientific mission.
Technical lead of the WHO Health Emergencies Programme, Dr Maria Van Kerkhove, said the organisation has been in regular contact with experts in China.
“We welcome the opportunity to work with them and with the international community, to really understand the virus’ origins and the animal human interface, ” she said.
Meanwhile, Dr Ryan said he was “pleased” to see the publication of the first peer-reviewed journal publications of the vaccine studies from China.
“I think in terms of the number of scientific publications that have come from China over the last number of months is very good and the number of scientific collaborations between Chinese institutions and institutions all over the world is also a very positive sign, ” he said.
On Sunday, Foreign Minister Wang Yi said that China was open to joint efforts by the international science community to identify the source of the virus. — Xinhua
Joe Biden attacked US President Donald Trump as an
“absolute fool” Tuesday for belittling his election rival over recently
wearing a mask, an issue that has become a partisan flash point during
the coronavirus pandemic.
The novel coronavirus continues to churn the world by
crushing public health systems and decimating thousands of lives each
passing day. As the world's two most resourceful economies, the US and
China should join hands in working out better therapeutics and speed up
vaccine testing and development.
Dr. Faheem Younus, the chief of Infectious Diseases at University of Maryland, Upper Chesapeake Health, debunked some of the myths about coronavirus.
#coronavirus#COVID-19 # coronavirusspread
Now something practical and honest from the : Head of the Infectious Disease Clinic, University of Maryland,
1. We may have to live with C19 for months or years. Let's not deny it or panic. Let's not make our lives useless. Let's learn to live with this fact.
2. You can't destroy C19 viruses that have penetrated cell walls, drinking gallons of hot water - you'll just go to the bathroom more often.
3. Washing hands and maintaining a two-metre physical distance is the best method for your protection.
4. If you don't have a C19 patient at home, there's no need to disinfect the surfaces at your house.
5. Packaged cargo, gas pumps, shopping carts and ATMs do not cause infection.
Wash your hands, live your life as usual.
6. C19 is not a food infection. It is associated with drops of infection like the ‘flu. There is no demonstrated risk that C19 is transmitted by ordering food.
7. You can lose your sense of smell with a lot of allergies and viral infections. This is only a non-specific symptom of C19.
8. Once at home, you don't need to change your clothes urgently and go shower!
Purity is a virtue, paranoia is not!
9. The C19 virus doesn't hang in the air. This is a respiratory droplet infection that requires close contact.
10. The air is clean, you can walk through the gardens (just keeping your physical protection distance), through parks.
11. It is sufficient to use normal soap against C19, not antibacterial soap. This is a virus, not a bacteria.
12. You don't have to worry about your food orders. But you can heat it all up in the microwave, if you wish.
13. The chances of bringing C19 home with your shoes is like being struck by lightning twice in a day. I've been working against viruses for 20 years - drop infections don't spread like that!
14. You can't be protected from the virus by taking vinegar, sugarcane juice and ginger! These are for immunity not a cure.
15. Wearing a mask for long periods interferes with your breathing and oxygen levels. Wear it only in crowds.
16. Wearing gloves is also a bad idea; the virus can accumulate into the glove and be easily transmitted if you touch your face. Better just to wash your hands regularly.
17. Immunity is greatly weakened by always staying in a sterile environment. Even if you eat immunity boosting foods, please go out of your house regularly to any park/beach.
Immunity is increased by EXPOSURE TO PATHOGENS, not by sitting at home and consuming fried/spicy/sugary food and aerated drinks.
WASHINGTON (Reuters) - The United States believes there have been potentially multiple attacks on locations in Iraq, including the al Asad airbase that hosts U.S. forces, a U.S. official told Reuters on Tuesday, without providing additional information.
It was unclear what other sites may have been attacked. Tensions have mounted with Iran following a U.S. drone strike on Friday that killed Iranian military commander Qassem Soleimani.
Another U.S. official, speaking on condition of anonymity, had confirmed to Reuters earlier that a rocket attack had taken place against al Asad airbase, but did not confirm other sites.
U.S. President Donald Trump visited the base in his December 2018 trip to Iraq.
The Iranian parliament approved bill on Tuesday that designates United States military forces as terrorists, days after American airstrikes killed top Iranian military leader General Qassem Soleimani in Iraq. The bill is similar to the action the U.S. took last year when the Trump administration designated Iran's Islamic Revolutionary Guard Corps (IRGC) as a foreign terrorist organization.
Members of parliament passed the bill declaring the U.S. military and the Pentagon terrorist entities, according to Iranian state media. Under the bill, the Iranian government will also provide $220 million to the IRGC to "reinforce its defense power in vengeance for General Soleimani's assassination," the news agency reported, as tensions between the U.S. and Iran rise.
Iranian parliament voted to designated the U.S. military and the Pentagon terrorist organizations
This handout picture shows Iranian lawmakers raising their hands to vote during a parliamentary session in Tehran. Iran's parliament passed a bill designating all U.S. forces "terrorists" over the killing of a top Iranian military commander in an airstrike last week. Icana News Agency
A senior U.S. official told CBS News national security correspondent David Martin that Iran's Supreme Leader Ayatollah Ali Khamenei has ordered a direct attack on American interests in retaliation for the airstrike that killed Soleimani, his top military commander and friend. The official said the U.S. military was "extremely concerned" that the retaliation could come quickly.
When asked by CBS News correspondent Elizabeth Palmer on Tuesday when the Iranian response would come, Iran's Foreign Minister Mohammad Javad Zarif would only say that his country would retaliate at the time of its choosing. While a senior Iranian commander threatened at Soleimani's funeral to "set ablaze" America's supporters in the region, Zarif told CBS News the response would be "proportionate" and "against legitimate targets."
Secretary of State Mike Pompeo continued leading the Trump administration's defense of the targeted missile strike that killed Soleimani. He insisted that
President Trump was right to order the killing and dismissed Iran's claim that Soleimani was in Iraq for diplomatic purposes.
In April, the U.S. declared the Revolutionary Guard Corps as a foreign terrorist organization, which makes it illegal for anyone to provide material support to the
group. The U.S. Defense Department used the Guard's designation to support the strike last week that killed Soleimani, the head of Iran's elite Quds military force and one of the most powerful figures in the Islamic Republic
Iran's Islamic Revolution Guard Corps (IRGC) on Wednesday
targeted U.S. bases in Iraq including al-Asad and Harir Camp to the
north of Erbil with a second wave of surface-to-surface missiles,
semi-official Fars news agency reported
What is happening to Iran is another version of the
“America First” policy. But this is a globalized world. How can the US
not be affected when the Middle East is in a bad condition?
Will it be good for the US if a large-scale Iran war breaks out? If
Washington does not want that, why create uncertainty? Is it responsible
to take the bet?
Global financial markets are facing a stark wake-up call that they need to unite to stand against acts of what can only be described as economic terrorism by a country which unilaterally imposes its will on others and pursues its own goals at the cost of the interests of others.
More than a year after US President Donald Trump fired the first tariff salvo at China, he is extending the battlefield around the world. On Friday, his administration announced that it will end special trade treatment for India, removing a status that exempts billions of dollars of the South Asian country's products from US tariffs. Trump is seriously mulling slapping tariffs on Mexican imports as he believes the country has taken advantage of the US for decades.
Even close allies cannot trust they will be exempt from Trump's tariff addiction. It was reported that the administration considered imposing tariffs on imports from Australia, but eventually decided against the move amid opposition from his aides, "at least temporarily."
Obviously, Trump, a businessman-turned president, is aiming his trigger finger regardless of the targets, be they US competitors or allies. Trump grumbles about his country subsidizing the world and weakening US industry and pledges to make America great again. But he doesn't realize that a great superpower is supposed to provide public goods rather than resorting to coercion for selfish gains. His tactics are nothing short of economic terrorism.
The International Air Transport Association has estimated that the US-China trade war and high fuel prices will wipe $7.5 billion off expected airline profits in 2019. This is just the figure from the airline industry, which is enough to show the disastrous impact the US-initiated economic terrorism has on the globe. Trump may disrupt the global supply chain with the US' economic clout, but how can a disrupted global supply chain serve the US' strategic objectives of being a great country?
What is worse, before the US becomes great again as the president wishes, he is actually employing the strategy of blocking other countries to take the lead, as we see in his actions in quashing Huawei's 5G advancement.
Later this month, leaders from the world's top economies will meet at the G20 summit in Osaka, Japan to discuss key economic issues that plague the world. The conventional views of globalization and its benefits are still shared by most countries, and many countries and regions are continuing to open their economies. They should unite to face the chaos created by the Trump administration and find a way forward, so the process of globalization will not be held hostage by the US' economic terrorism. - By Zhang Yi
As a civilization that is thousands of years old, China has
always been integrating into the current international system and
taking responsibility to defend the international order after the world
wars and the international rule of law coming into force. At the same
time, China is dedicated to promoting democratization and legalization
of international relations.
Professor Dr. Wang
Former Executive of Halliburton
DID HUAWEI VIOLATE IRAN SANCTIONS?
No, they didn’t.
CFO Meng was arrested supposedly for “violating Iran sanction”. This has to be the most grotesque distortion of justice since the US was the country who unilaterally pulled out IN VIOLATION of an agreement they had signed with multiple nations earlier !!! In other words, the guy who broke a solemn promise made, violated the agreement, then made sanction an American domestic law is now force feeding this law arbitrarily on the rest of the world by arresting someone who refuses to violate the agreement ! Is this making any sense to anybody?
Huawei created a subsidiary to do business with Iran, and the CFO is being charged with lying about the relationship between Huawei and the subsidiary.
This seems totally ridiculous to me since when I worked at Halliburton, we did EXACTLY the same thing ! Not only was our CEO never arrested, he was invited to join the government & became Vice President Dick Cheney !!!!!!!
The moral of this story is for normal businesses to be extremely vigilant & recognise the true faces of America & Saudi! One tosses you in jail for breaking twisted laws they make up as they go along & the other goes after you with a bone saw. Both are gangsters, far worse than the Mafia, because the Mafia at least have the decency to commit crimes secretively, while the thugs in American & Saudi governments commit their crimes blatantly in the open, with complete disregard to the laws & sovereignty of another country, bullying their way through, trying to justify their actions by smearing the victims... then run publicity campaigns to sway public opinions while accusing others of crimes against human rights.. ??!!
I am sure there are nice people in USA & in Saudi & i don’t want to generalise, but i have seen time & again in the States that if ever their oversized egos feel threatened, they can turn into totally evil, nefarious subhumans capable of the most despicable deeds.
The arrest of Meng is a case in point.
I went to the States starry eyed with high hopes & expectations, ready to learn a democratic system far superior than ours. Well, after my Ph.D and a few working years, I stand corrected.
Life in the States has taught me to be proud of my people and my country. Grass is definitely NOT greener on the other side. America is very strong in “hypes”, they talk big but deliver little. China does the opposite. American government spends on military, lives in “now”, supports the rich, & works for re-election. The Chinese government spends on infrastructure, works for the people, eradicated poverty & follows 5-30 year plans. These are facts, not propaganda, not campaign promises.
I can’t tell you how happy I am to be home again. Not only is the food much better, more importantly, I can finally stop worrying myself sick... about my elderly mom getting mucked, my attractive wife getting raped...my children getting bullied, drugged or shot in schools...Having to live in constant fear everyday is the ultimate violation of my human rights.
Huawei clash shows deeper US-China battle for global influence as power coming from high-tech sector
Bail hearings proceeded this week after Meng
Wanzhou(pic), the chief financial officer of Huawei Technologies Co, was
arrested in Canada on Dec 1 because of alleged violations of US
sanctions against Iran. The case threatens to derail a trade truce
struck the same day between Donald Trump and Xi Jinping.
HONG KONG: The Trump administration has insisted the arrest of a top Huawei executive has nothing to do with trade talks. In Beijing, it’s just the latest US move to contain China’s rise as a global power.
Bail hearings proceeded this week after Meng Wanzhou, the chief financial officer of Huawei Technologies Co, was arrested in Canada on Dec 1 because of alleged violations of US sanctions against Iran. The case threatens to derail a trade truce struck the same day between Donald Trump and Xi Jinping.
Even if the two leaders manage to strike a broader deal, the arrest shows that the US-China conflict goes far beyond trade. The world’s biggest economies are now engaged in a battle for global influence that will ultimately determine whether the US remains the globe’s predominant superpower, or China rises as a viable counterweight.
“The sentiment in Washington now is not just a Trumpian mercantilism – the desire to bring back factory jobs to Wisconsin or wherever,” said Nick Bisley, a professor of international relations at La Trobe University in Melbourne who has written books on great-power politics. “It is a desire to significantly cut ties with China because of that larger perception it presents a strategic risk.”
A bipartisan consensus has emerged in Washington that China’s entry into the World Trade Organisation hollowed out US manufacturing and allowed it to grow rich. That increased economic power is now at a point where it risks eroding key American military advantages around the globe.
China insists it plays by the rules, and doesn’t challenge US dominance. Even so, three areas in particular worry American strategic planners: Technology, the dollar and the ability to project military power overseas.
A year ago, the White House identified China’s growing technological prowess as a threat to US economic and military might. American companies have long argued that China forces them to transfer intellectual property and sometimes steals trade secrets – all of which Beijing denies.
In justifying tariffs, Trump’s team has cited Beijing’s “Made in China 2025” strategy to become a global leader in state-of-the-art technologies from aerospace to robotics. So far, China has resisted those demands, arguing that doing so would crush its economic potential.
Huawei in particular epitomises the threat. Earlier this year, Trump blocked Broadcom Inc’s US$117bil hostile takeover bid for Qualcomm Inc over concerns that Huawei would end up dominating the market for computer chips and wireless technologies.
The fear is that wireless carriers may be forced to turn to Huawei or other Chinese companies for 5G technology, potentially giving Beijing access to critical communications. Those concerns have prompted the US to ban Huawei’s products for government procurement, and Australia, Japan and New Zealand have reportedly followed.
China has fought back, with foreign ministry spokesman Lu Kang saying this week that Huawei didn’t “force any enterprise to install forced backdoors.”
“The competition is really focused in the areas where future strategic and economic dominance come from,” said Michael Shoebridge, director of the defense and strategy programme at the Australian Strategic Policy Institute.
“The Huawei arrest is right in the middle of this because both America and China see their future global power as coming from the high-tech sector.”
The dominance of the dollar has allowed the US to effectively control the world’s financial system, underpinning its superpower status. Yet Trump’s increased use of sanctions to assert its foreign-policy goals has prompted a wide range of nations – from China to Russia to the European Union – to look for an alternative.
The Trump administration added nearly 1,000 entities and individuals to its sanctions list in its first year, almost 30% more than the Obama administration’s last year in office, according to law firm Gibson Dunn. The complete list now runs to more than 1,200 pages.
Sanctions are a key tool for the US to subdue potential adversaries like North Korea, but they also can affect friends and allies. The EU, which objected to reimposing sanctions on Iran, this month unveiled plans to mitigate the so-called “exorbitant privilege” of the dollar.
During a visit to China last month, Russian Prime Minister Dmitry Medvedev said the two nations were looking at ways to boost the use of their currencies through allowing the use of China’s UnionPay credit card in Russia and Russia’s Mir card in China. “No one currency should dominate the market,” he said.
“We are potentially at the beginning of a systemic shift that may take some time to play out,” said Gregory Chin, associate professor at York University in Toronto, and a political economy specialist. “The political will is building and coalescing.” — Bloomberg
Some think it will be years before oil returns to $90 or $100 a barrel, a price that was pretty much the norm over the last decade. Credit Michael Stravato for The New York Times
The oil industry, with its history of booms and busts, is in its deepest downturn since the 1990s, if not earlier.
Earnings are down for companies that made record profits in recent years, leading them to decommission more than two-thirds of their rigs and sharply cut investment in exploration and production. Scores of companies have gone bankrupt and an estimated 250,000 oil workers have lost their jobs.
The cause is the plunging price of a barrel of oil, which has fallen more than 70 percent since June 2014.
Prices recovered a few times over the last year, but the cost of a barrel of oil has already sunk this year to levels not seen since 2003 as an oil glut has taken hold.
Also contributing to the glut was Iran’s return to the international oil market after sanctions were lifted against the country under an international agreement with major world powers to restrict its nuclear work that took effect in January.
Executives think it will be years before oil returns to $90 or $100 a barrel, a price that was pretty much the norm over the last decade.
What is the current price of oil?
Brent crude, the main international benchmark, was trading at around $38 a barrel on Wednesday.
The American benchmark was at around $37 a barrel.
Why has the price of oil been dropping? Why now?
This a complicated question, but it boils down to the simple economics of supply and demand.
United States domestic production has nearly doubled over the last several years, pushing out oil imports that need to find another home. Saudi, Nigerian and Algerian oil that once was sold in the United States is suddenly competing for Asian markets, and the producers are forced to drop prices. Canadian and Iraqi oil production and exports are rising year after year. Even the Russians, with all their economic problems, manage to keep pumping.
There are signs, however, that production is falling because of the drop in exploration investments. RBC Capital Markets has calculated projects capable of producing more than a half million barrels a day of oil were cancelled, delayed or shelved by OPEC countries alone last year, and this year promises more of the same.
But the drop in production is not happening fast enough, especially with output from deep waters off the Gulf of Mexico and Canada continuing to build as new projects come online.
On the demand side, the economies of Europe and developing countries are weak and vehicles are becoming more energy-efficient. So demand for fuel is lagging a bit.
Who benefits from the price drop?
Any motorist can tell you that gasoline prices have dropped. Diesel, heating oil and natural gas prices have also fallen sharply.ny motorist can tell you that gasoline prices have dropped. Diesel, heating oil and natural gas prices have also fallen sharply.
The latest drop in energy prices — regular gas nationally now averages just above $2 a gallon, roughly down about 40 cents from the same time a year ago — is also disproportionately helping lower-income groups, because fuel costs eat up a larger share of their more limited earnings.
Households that use heating oil to warm their homes are also seeing savings.
For starters, oil-producing countries and states. Venezuela, Nigeria, Ecuador, Brazil and Russia are just a few petrostates that are suffering economic and perhaps even political turbulence.
Chevron, Royal Dutch Shell and BP have all announced cuts to their payrolls to save cash, and they are in far better shape than many smaller independent oil and gas producers.
Iran, Venezuela, Ecuador and Algeria have all pressed OPEC, a cartel of oil producers, to cut production to firm up prices. At the same time, Iraq is actually pumping more, and Iran is expected to become a major exporter again.
Major producing countries will meet on April 17 in Qatar, and some analysts think a cut may be possible, especially if oil prices approach $30 a barrel again.
King Salman, who assumed power in Saudi Arabia in January 2015,
may find it difficult to persuade other OPEC members to keep steady
against the financial strains, even if Iran continues to increase
production. The International Monetary Fund estimates that the revenues
of Saudi Arabia and its Persian Gulf allies will slip by $300 billion
this year.
Is there a conspiracy to bring the price of oil down?
There are a number of conspiracy theories floating around. Even some oil executives are quietly noting that the Saudis want to hurt Russia and Iran, and so does the United States — motivation enough for the two oil-producing nations to force down prices. Dropping oil prices in the 1980s did help bring down the Soviet Union, after all.
But there is no evidence to support the conspiracy theories, and Saudi Arabia and the United States rarely coordinate smoothly. And the Obama administration is hardly in a position to coordinate the drilling of hundreds of oil companies seeking profits and answering to their shareholders.
When are oil prices likely to recover?
Not anytime soon. Oil production is not declining fast enough in the
United States and other countries, though that could begin to change
this year. But there are signs that supply and demand — and price — could recover some balance by the end of 2016.
Oil markets have bounced back more than 40 percent since hitting a low of $26.21 a barrel in New York in early February.
Some
analysts, however, question how long the recovery can be sustained
because the global oil market remains substantially oversupplied. In the
United States, domestic stockpiles are at their highest level in more
than 80 years, and are still growing.
But over the long term,
demand for fuels is recovering in some countries, and that could help
crude prices recover in the next year or two. - The New York Times
Saudi Arabia can survive low prices because, when oil was $100 a barrel, it saved more of the ... What are the economic risks of falling crude oil prices for India?
On the ground: Anwar getting friendly with the children who attended the qurban ceremony with the Prime Minister at Masjid Jamek Cerok Tokun Bawah in Bukit Mertajam, Penang. — Bernama
