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Fresh news

Nigeria court fines pirates for seizing ship in Gulf of Guinea
Three men have been ordered to pay about ,000 (£40,000) each for kidnapping a ship's crew for ransom.

Wed, 12 Aug 2020 21:12:03 GMT

Mauritius oil spill: Almost all fuel oil pumped out of MV Wakashio
There has been a race against time to remove the fuel oil, amid fears that the ship will break up.

Wed, 12 Aug 2020 21:00:54 GMT

'Overture' for more virus talks rejected as standoff deepens
The White House's top negotiator tried to revive stalled talks Wednesday over coronavirus aid, but House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer dismissed the “overture,” saying the Trump administration is still refusing to meet them halfway. Treasury Secretary Steven Mnuchin reached out to the Democratic leaders as it becomes increasingly unlikely there will not be any new relief for Americans until Congress resumes in September. “The White House is not budging,” Pelosi and Schumer said in a joint statement.

Wed, 12 Aug 2020 20:18:14 GMT

Tear gas at Portland protests raises concern about pollution
The presence of U.S. agents has diminished in Portland, Oregon, but city officials are still cleaning up tear gas residue from the streets, dirt and possibly the storm drains after the chemical was used frequently by both police and federal officers during more than two months of often-violent protests over racial injustice. The Portland Bureau of Environmental Services cleaned and took samples from six storm drains last week around the federal courthouse and a building with a police station and jail that have been targeted in nightly demonstrations.

Wed, 12 Aug 2020 19:50:04 GMT

Editorial Roundup: US

Wed, 12 Aug 2020 19:28:16 GMT

Egyptians wrap up voting for Senate seats with no power
Egyptian election authorities began counting ballots Wednesday after polls closed in a vote for two-thirds of the seats in the newly restored but powerless Senate, the upper chamber of Parliament. The Senate was restored as part of constitutional amendments approved in a referendum last year. Voters paid little attention since the 300-seat body — unlike the House of Representatives, the lower chamber — has no legislative powers and will have mainly an advisory role.

Wed, 12 Aug 2020 19:20:21 GMT

State Department rejects further probe of diplomat's remarks
A report Wednesday by the State Department’s internal watchdog confirms news accounts that staffers at the U.S. Embassy in Britain have accused Woody Johnson, owner of the New York Jets and the U.S. ambassador, of making “insensitive” and “inappropriate” remarks. Johnson denies the allegations. State Department officials replied to the watchdog office that no further investigation is necessary because Johnson is “well aware of his responsibility to set the right tone for his mission,” according to the report.

Wed, 12 Aug 2020 19:15:46 GMT

How American Guns Are Fueling U.K. Crime
NORTHAMPTON, England -- Josh Bains was 28 when he was killed after an argument over a drug debt of about just a few miles from the English village where he grew up -- with a gun that had traveled thousands of miles from America.His was one of a rising number of gun deaths in recent years that have British authorities worried about an expanding smuggling pipeline from the United States. The gun used to kill Bains in October 2018 -- a Taurus Model 85 -- is banned outright in Britain."I think Americans wouldn't believe that something that they produce could affect people like us," said Clare Bains, who was Bains' stepmother. "If there weren't all these guns, they wouldn't be seeping out of America all over the world."Gun deaths remain extremely rare in Britain, and very few people, even police officers, carry firearms. But the growing presence of U.S. weapons on the streets, which has not previously been widely reported, comes as serious violent crime, like murders and stabbings, has risen sharply.Most illegal firearms in Britain still come from Europe. But investigators seized hundreds of smuggled U.S. guns last year, a small figure by international standards, though experts say the number that police do not discover is likely to be far higher.British police have traced some of the smuggled U.S. guns back to loosely regulated gun fairs in states like Florida. Investigators have also seized U.S. weapons being smuggled on a container ship and hidden in car engines.Now authorities fear that after Brexit, when borders with the European Union will be more tightly regulated, the illegal gun trade from the United States could accelerate, especially given the Trump administration's broad support for the gun industry."A major Trump administration goal is to globalize the firearms trade and facilitate exports, and if you're facilitating legal exports, it's almost inevitable that there will be an illegal diversion of weapons into criminal markets in other countries," said Aaron Karp, a senior consultant for the Small Arms Survey in Geneva and a lecturer at Old Dominion University in Virginia.The United States is one of the biggest legal exporters of firearms in the world, but hundreds of thousands of guns also illegally leak out of the country and fuel homicides, especially in Latin America and the Caribbean.In Britain, criminal groups primarily use knives for acts of violence. Knife crime reached a record high last year, accounting for around 2 out of every 5 killings. By comparison, only 33 people were killed with a gun.But the number of illegal guns in circulation is growing. In the last year alone, gun seizures by Britain's national policing body, the National Crime Agency, more than doubled, and firearm offenses have soared by 38% since 2015. Authorities worry that violence could surge if criminal groups switch from knives to guns. A BBC investigation linked a single firearm to 11 different gunmen and multiple murders over a six-year period."The homicide rate is already a problem without easy access to guns," said Robert McLean, a researcher on organized crime in Britain based at the University of the West of Scotland. "Once in circulation, a single firearm can move around criminal networks and can be used in a number of shootings and killings."In many cases, the trade in smuggled guns is driven by gangs who traffic drugs from cities to smaller towns and rural areas -- known as "county lines" gangs -- like Bains' killers.In the last few years, the National Crime Agency has found that gangs favor "cleaner" antique or deactivated weapons that are harder to trace. Those weapons are sold legally at gun shows or by collectors, many in the United States, and are easier to buy because they can only fire if they are illegally reactivated.One former London gang leader and gun trafficker said that he had handled more than 50 firearms and sold many more to gangs across Britain. Sometimes, he said, the smuggled guns had arrived in the country inside boxes containing infant highchairs."I got my first gun from one of my elders when I was like 13, 14," said the former gang leader, now 23, speaking on condition of anonymity to avoid arrest or retribution from his old associates. He stepped away from the gang three years ago with the help of Gangsline, a London-based organization that helps gang members leave crime.He recalled being warned that "if you've got a knife and someone has a gun, he isn't going to hesitate to shoot." His gang trafficked dozens of new and used weapons, including American Glocks, he said, with prices reaching 15,000 pounds, about ,000. Today, investigators say the smuggling pipeline is well established.At least 782 U.S. guns have been discovered by police since 2017, data obtained by The New York Times shows. The figure is from the National Ballistics Intelligence Service, which tracks illegal firearms in Britain, and includes guns that came directly and indirectly to Britain from the United States.Gun control is one of the few issues that unites a politically divided Britain. Where the United States has had horrific mass school shootings for decades, it took just one such attack in Britain to usher in a ban on private ownership of handguns.That attack -- a shooting in 1996 in which 16 children and their teacher were murdered at Dunblane Primary School in Scotland by a gunman who then killed himself -- remains the deadliest mass shooting in British history. Since then, only one other mass shooting has taken place in Britain.But even with the tougher laws, handguns have still found their way into even some of the quietest corners of the country, like Bains' hometown.He grew up in a red-bricked cottage overlooking golden fields in Rothersthorpe, a small village in England's East Midlands where the biggest event was often sheep escaping the local farm. His father, Dave Bains, says his son fell in with a "bad crowd" after his parents separated and soon began selling cannabis.On the night of his murder on a street corner in Upton, Northampton, Bains fought for his life, according to security camera footage, struggling to disarm an attacker who pointed a Glock at him. As Bains stumbled on the curb, a second attacker pulled out a revolver and shot him through his lung.Bains' parents watched his final moments during the trial of the two men convicted of his murder, Jerome Smikle and Kayongo Shuleko, both in their 20s, who were part of a county lines drug-trafficking gang, police said. They were sentenced to life in prison last summer."I guess the justice is they're in prison, but Josh shouldn't have been killed in the first place," said Bains' mother, Lyn Knott. "If they didn't have a gun, of course he'd still be alive."The gun was discovered three months after the murder, when a dog walker found it in a nearby field. The killers had not removed the serial numbers on the weapon, and police traced it back to Florida."We don't often get people being shot in nice estates in sleepy villages in Northampton," said Alastair White, a senior detective with Northamptonshire Police, who led a team of around 80 on the investigation. "It was headline news."The presence of U.S. guns became even more evident several months later, in July 2019, when officers with the National Crime Agency raided a rusted blue container ship as it arrived at the port of Ambarli in northern Turkey after traveling nearly 6,000 miles from Florida.Inside some of the shipping containers were old American cars, and hidden inside were 57 firearms and 1,230 bullets that investigators say were meant for gangs in Britain and Bulgaria. The guns were purchased legally at antique gun fairs in Florida, the investigators said, and then smuggled to Turkey to be illegally reactivated before sale.Matthew Prefect, who leads the National Crime Agency's firearms unit, said officials were concerned enough about smuggled guns that his unit had almost doubled its staffing in the last two years as the agency tries to suppress the firearms market to try to prevent handguns becoming as common as knives."If suddenly guns became the weapon of choice as opposed to a knife," Prefect said, "we'd be in a really difficult situation."The first high-profile case involving illegal U.S. firearms was in 2010, when a former Marine named Steven Greenoe was prosecuted for smuggling dozens of guns into northwestern England on commercial flights.While gun trafficking is almost always a secondary source of income for gangs, the Greenoe case showed that it could be a highly profitable trade, with guns that he bought for around 0 selling for a "three times markup," according to Gregg Taylor of the National Ballistics Intelligence Service.One of the 70 guns that Greenoe smuggled was used in a murder in Scotland, another in a shooting in Manchester and a third in an attempted shooting near Liverpool, the court heard. Ten years later, the majority of the guns he trafficked to Britain remain missing."Weapons that don't matter in the United States, because America deals in millions, routinely have an enormous impact in the U.K. because of the extraordinary scarcity of handguns," said Karp of the Small Arms Survey. "Dozens can have an enormous impact on British crime."Today, Bains' father and stepmother have turned their home into a tribute to their lost 28-year-old. Framed photographs of Bains are placed throughout the house. His stepmother still can't shake the memory of seeing her seemingly healthy stepson in a coffin."I haven't seen a healthy person in a coffin before," Clare Bains said. "I've always seen ill people or old people, and that was a shock."This article originally appeared in The New York Times.(C) 2020 The New York Times Company

Wed, 12 Aug 2020 18:40:33 GMT

How Belarus' 'booming' IT sector could turn the tide of election protests
Belarusian President Alexander Lukashenko reportedly likes to take credit for developing Belarus' "booming" information technology sector, although it was reportedly really championed by an opposition candidate, Valery Tsepkalo, who was disqualified from running and fled the country at the end of July. Fast forward a few weeks, and it appears Lukashenko may have incidentally boxed himself in by claiming responsibility.The so-called "last dictator in Europe" is trying to squash protests that have ignited throughout the country following his disputed election victory against challenger Svetlana Tikhanovskaya, who is now in Lithuania. Belarusian law enforcement authorities have been shown violently apprehending protesters, and the government cut off internet access to disrupt communication. But on Wednesday, more than 300 CEOs of IT companies and investors signed a letter demanding a new election as well as an end to state-sponsored violence. Otherwise, they claimed, they'll head elsewhere.It's unclear if all those demands would be met by Minsk, but there's seemingly reason to believe the warning could at least force Lukashenko's hand in some capacity, given how he seems to be aware of the industry's importance to the country, which is already dealing with hefty amounts of emigration. > Unlike rentier regimes like Russia and Iran that can rely on oil and gas to sustain their budgets, Belarus is more reliant on human capital. Already 2.5-3.0 million have left. More departures of the best and brightest will do even more damage to the economy. Enough. https://t.co/eQGdHJPxDU> > -- Michael McFaul (@McFaul) August 12, 2020More stories from theweek.com Trump and his aides reportedly think they have Democrats in a 'real pickle' with the COVID-19 aid stalemate The case against American truck bloat Trump campaign tweets mugshots of alleged criminals, all of them Black, to claim Biden is pro-crime

Wed, 12 Aug 2020 18:35:00 GMT

WHO keen to review Russian vaccine trials
The World Health Organization said on Wednesday it was looking forward to reviewing clinical trials of a potential coronavirus vaccine developed in Russia. President Vladimir Putin declared Russia the first country to approve a vaccine on Tuesday even though final stage testing involving more than 2,000 people was only due to start on Wednesday. Russia's vaccine, developed by the Gamaleya research institute and the defence ministry, is among the 28 in clinical evaluation but is listed by the WHO as only being in Phase 1.

Wed, 12 Aug 2020 18:20:53 GMT

France seeks cooperation from Iran, Russia on Lebanon

Wed, 12 Aug 2020 17:35:06 GMT

Report: At least 41 children alleged assaults at nonprofit

Wed, 12 Aug 2020 17:28:48 GMT

Macron warns Iran against 'interference' in Lebanon
French President Emmanuel Macron on Wednesday warned Iran against any interference in Lebanon after the gigantic blast last week that has prompted a political crisis in the country. In telephone talks with President Hassan Rouhani, Macron emphasised the "necessity for all the powers concerned... to avoid any outside interference and to support the putting in place of a government which can manage the emergency," the Elysee said. Lebanon's government under Prime Minister Hassan Diab resigned this week following days of demonstrations demanding accountability over the explosion at the Beirut port last week that devastated entire neighbourhoods of the city.

Wed, 12 Aug 2020 17:25:15 GMT

Can Trump aide Meadows move from deal breaker to deal-maker?
Mark Meadows dropped to a knee in then-Speaker John Boehner's office, the still-new congressman apologizing for joining those trying to oust the Republican leader. Two years later, Meadows did it anyway, leading the House Freedom Caucus' push for Boehner's departure in 2015. Now as President Donald Trump's chief of staff, Meadows is an unorthodox pick for the White House role, trying to negotiate a coronavirus relief package on Capitol Hill.

Wed, 12 Aug 2020 17:06:57 GMT

YVY Life Sciences, A Cannabis Success Story In Uruguay
This article was originally written by Hernan Panessi for El Planteo. Published here with permission.Green open spaces and sunshine. The dream of the countryside. The longing for a quiet life: fresh air, slow times, calm. Thus, in that search, a couple of serial entrepreneurs - her an Uruguayan, him a South African - settled in Canelones, in rural Montevideo, and founded YVY Life Science, a medical cannabis company that works with local producers and stands under the regenerative agriculture model.The story is long and has its twists. In 2003, at the age of 18, the young Andrea Kruchik Krell traveled to Israel to study economics. There she founded Microfy, a microfinance organization that helped refugees from Africa to tackle ventures in order to survive."As a result of that experience, I knew that I was going to be an entrepreneur all my life, that I was going to be interested in social impact and that that was my purpose," says Andrea, from her home in Uruguay.Related: Bella Thorne Talks About Her New Cannabis Strains, Shares Exclusive PhotosLater on, in 2005, Andrea met Kevin Nafte, who became her partner both in life and in business. Kevin was born in South Africa and was in Israel studying Government and Diplomacy. During this period, Kevin had created Telalivit, a platform that helped immigrants find a place to live and work in community.Until, suddenly, their projects started mixing: "Someday we have to do something together," they said to each other.A new trip, new adventures and new ventures arrived: they moved to California, United States. More precisely, they went to live in Silicon Valley in order to develop an application to help find parking spots.And, sideways, life, love, pain.Kevin suffers from psoriatic arthritis, a type of inflammatory arthritis whose symptoms include joint pain, swelling, and stiffness. And, for this condition, he approached cannabis. "It did him good," says Andrea.Meanwhile, when the dream of entrepreneurship in Silicon Valley was running smoothly, some talks began to twist destiny again. His cousin joined Flow Kana, one of the largest cannabis companies in America. And, from there, they joined forces and a new opportunity arose.Related: From Humble Origins To M In Annual Revenues: Rebel Spirit Is Poised For Cannabis Growth"His aim was to help small cannabis growers in California," he recalls.And that changed them.Quickly, Kevin joined Flow Kana as head of operations: the company grew (they went from having a staff of 7 to about 70) and, most importantly, this growth allowed them to develop a bond with the farmers of North California.They moved there.What am I doing with my life?, Andrea wondered.Gone was Silicon Valley and ahead they had a new move, a new history to weave."On those farms, Kevin was in his element. In Israel, he lived in a Kibbutz, an agricultural commune, and he always dreamed of returning to that lifestyle. The relaxed atmosphere is very good for him, "recalls Kruchik Krell.Once there, Andrea got together with women who taught her how to make cannabis extract from plants. "We had plenty and we started working a lot. We helped a group of farms to go legal. So we had access to many genetics," he adds.Because of his health issues, Kevin takes a very harmful pharmaceutical drug. "At some point we need something natural," they thought. Therefore, they were using different genetic extracts to find natural relief. "Kevin was like a guinea pig: at first it was trial and error, until we came up with a good dosage, the right levels of cannabinoids that showed results and lowered his inflammations," he comments.Again with the suitcases and once again after the adventure. With that in mind and with the dream of starting a business together, they traveled to Uruguay, the first country in the world to legalize cannabis.He did not picture it, he did not anticipate it, nor did he want to do it at all: "Well, yeah, we're going to Uruguay," he jokes today, while at that time his experience in Silicon Valley was increasingly blurred.In 2017 they settled in Charrua lands. At first, they lived with Andrea's parents and helped each other with savings from their California days. These were times of meetings, of expanding their contacts, of getting together with other entrepreneurs to share experiences, and getting to know IRCA, the Cannabis Regulatory Institute.A year later, YVY Life Science started."At first I didn't know how many years I was going to stay in Uruguay, but my mother was happy that I was going to be around. We were parents with Kevin and, now that I think about it, starting a family and a project at the same time is something very intense. It was quite a challenge," she stirred with emotion.Her first steps were based on the inspiration of the "sustainable farm in the middle of nowhere" model. Then, they received support from Leandro Martinelli, a friend and agronomist who has powerful know-how on the subject and who, according to Andrea, "has the most spectacular plants in the world."Meanwhile, it was Martinelli who trained the Uruguayan farmers, who were used to working with organics but who had never handled cannabis.Time to undertake new challenges, to set the wheel in motion. In this way, they received the first economic boost that came from friends and family funds. "We had a super positive response because they are people who have known us for a lifetime. They know well what kind of people we are." With that boost, they raised about 0,000.Related: Repairing New York's Economy And Community By Legalizing CannabisLater on, the Argentine entrepreneur Facundo Garreton joined in, bringing investors under the concept of smart money. Smart money? "CEOs of companies that have added value for what we do, such as technology, agriculture, health, pharmaceutical, and others," explains Andrea. With this new round, they added another ,500,000.Their structure of small grower's allowed them to expand without too much investment in infrastructure and they went from growing about 300kg to project about 3 metric tons.In their own words: "Part of the investment goes to the expansion of the crop, which requires basic infrastructure. In addition, we created a hub, a center for collection, storage, and training in regenerative agriculture. We generate the seedlings to give to all the farms. We are starting a research project to develop our own genetics. And with that, we want to have different ratios of CBD and THC. We are also in the process of obtaining another industrialization license for final products. The idea is to be a sustainable brand of medical cannabis."From YVY Life Science they plan to be the example of how agriculture can be different: sustainable, without damaging the ecosystem and that is nourished by biodiversity. In fact, the United Nations even recommends returning to the small farm production system, its main source of inspiration.With things underway, during March and April 2020, YVY Life Science had its first harvest. And now, they are in the process of drying and packaging. They are already negotiating with buyers from Switzerland, Israel, and Australia.In the midst of setting up the business, one of the most outstanding points of recent times resulted from its approach to farms of women's cooperatives in the interior of Uruguay.Andrea stated: "We were looking to partner with farms. We start with one and then we look to add one or two more. We arrived at the Calmañana Cooperative, which began in the 1980s, with a rural crisis in which women took control of the situation. They were meeting and getting their own clients. When I got together with them, It gave me a flash of my microfinance days working with women."Related: Cresco Labs, Curaleaf, Green Thumb, Tilray: Here Are The Cannabis Companies Currently HiringAnd she continued: "They joined the cultivation of medicinal cannabis knowing that they were taking a great risk. For example, last year we did not commit to a sale price. They risked it. And now that we have more possibilities to export, not only will they be compensated according to fair trade, which is one of our values, but their experience helps more women dare to join."In the future, Andrea and Kevin aspire to reach a final product for consumers, based on a model of social and environmental impact. "We are targeting a wellness industry, with several verticals: from medicinal products to general wellness products, such as food supplements," he projects. And she concludes: "We want to develop a lifestyle."Just in case you were wondering, "YVY" means "soil" in Guarani, an indigenous language of Uruguay.Read the original Article at El Planteo.See more from Benzinga * Average Earnings Fall, Consumer Price Index Rises In July * 60 Stocks Moving In Wednesday's Mid-Day Session * Understanding Dynavax Technologies's Unusual Options Activity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Wed, 12 Aug 2020 16:55:43 GMT

Global Ceramic Filters Industry

Wed, 12 Aug 2020 16:46:00 GMT

Radical or moderate? Trump paints Democratic ticket as both
President Donald Trump's campaign is struggling to define California Sen. Kamala Harris, the newly announced running mate for Democratic rival Joe Biden. With Trump lagging in the polls less than 90 days before the election, his team faces a pivotal choice.

Wed, 12 Aug 2020 16:32:09 GMT

Mocimboa da Praia: Key Mozambique port 'seized by IS'
After days of fighting, IS is said to have driven government forces out of Mocimboa da Praia.

Wed, 12 Aug 2020 16:30:25 GMT

Russia’s ‘first’ COVID vaccine has health officials concerned
As nations and NGOs around the world scramble to develop a safe and effective vaccine against the coronavirus, Russia claimed on Tuesday to already have one. "A vaccine against coronavirus has been registered for the first time in the world this morning," Russian President Vladimir Putin said on state TV during a press conference outside his residence. "One of my own daughters has tested the vaccine," Putin continued.

Wed, 12 Aug 2020 16:30:19 GMT

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Wed, 12 Aug 2020 16:26:00 GMT

Russia's coronavirus vaccine 'not certain to work' according to scientists who developed it
The Russian coronavirus vaccine hailed by President Vladimir Putin is not certain to work and has side effects including swelling, fever and pain, according to scientists who developed the drug. Mr Putin announced on Tuesday that Russia had approved the world’s first vaccine against the virus, saying his own daughter had taken part in clinical trials. Officials said the vaccine would be offered to medics as early as this month and rolled out to the general population from October. But documents on an official Russian health ministry website said the vaccine had been tested on too few volunteers over too short a time to draw conclusions about its effectiveness, and described a number of side effects. “Adverse events...were met frequently or very frequently,” according to the report from Moscow’s Gamaleya Institute, which developed the vaccine. “It is not possible to define the occurrence of adverse events more accurately because of the limited number of participants in the research.” Thirty-eight volunteers took part in the trials over 42 days. Side effects included swelling, hyperthermia, lethargy, headaches, itching at the vaccination site, decreased appetite, diarrhea and cold-like symptoms. Over the course of the trials, 144 “adverse events” were recorded, more than 30 of which were ongoing.

Wed, 12 Aug 2020 16:17:29 GMT

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Wed, 12 Aug 2020 15:46:00 GMT

EXPLAINER-The U.S. push to extend U.N. arms embargo on Iran

Wed, 12 Aug 2020 15:33:53 GMT

Russia is moving too fast with COVID-19 vaccine, U.S. experts warn
American vaccine experts are alarmed by Russian President Vladimir Putin’s announcement that Russia will begin vaccinating against the coronavirus.

Wed, 12 Aug 2020 15:27:35 GMT

UK not 'match fit' for post-Brexit trade talks, claims New Zealand's deputy prime minister
Britain attempting multiple Brexit trade deals at once is like a cricketer who hasn't played in 30 years attempting to win the Ashes, New Zealand's deputy prime minister said on Wednesday. New Zealand has blamed Britain for slow progress towards a free trade deal and accused it of not being "match fit" for international negotiations. British officials are currently in formal trade talks with the European Union, Japan, New Zealand, Australia and the US and racing to finalise as many deals as possible before the end of the Brexit transition period on December 31. Winston Peters, New Zealand's deputy PM, said he was "very frustrated" with the progress made on a post-Brexit agreement with Britain, adding: "We just need the British to realise that you can do more than one deal at a time." Mr Peters blamed the UK’s 47-year membership of the EU for it not being ready to pursue multiple trade deals around the world at once. The European Commission negotiates trade deals on behalf of the whole bloc, which means the UK has not negotiated a trade deal since it joined the forerunner of the EU in 1973. New Zealand, which is also in formal trade negotiations with the EU, negotiates its own trade agreements rather than as a bloc with other countries. Mr Peters said: "We've had to look offshore for a long time and so we are seriously match fit when it comes to that, in a way that I don't believe that the UK is because the UK has been locked up in the EU all these years. "In terms of their trading skills and finesse and their firepower – without being critical – they've never had an outing lately."

Wed, 12 Aug 2020 15:14:53 GMT

Global Ceramic Textiles Industry

Wed, 12 Aug 2020 15:06:00 GMT

Hand Sanitizer Market Size Worth US$ 15.3 Billion by 2026 |CAGR: 9.15%| UnivDatos Market Insights
UnivDatos Market Insights released a report titled "Hand Sanitizer Demand Analysis - COVID-19 Impact Market by Product (Gel, Liquid, Foam, Others), End-Users (Hospitals, Households, Restaurants & Hotels, Government & Commercial Offices, Other Public Places), Sales Channel (Pharmacies, Supermarkets/Hypermarkets, Departmental/Convenience Stores, Others (Online, Direct & Institutional Sales, etc.)) and Region (United States, Canada, Italy, Spain, France, Germany, United Kingdom, India, Iran, Turkey, Netherlands, Rest of World) - Current Analysis and Forecast (2020-2026)." Global hand sanitizer Market was valued at US$ 2,615.4 1 million in 2019 and is anticipated to witness very high growth in 2020 and would reach a market size of US$ 15,352.6 million by the end of 2020. Further, the market is expected to witness a CAGR growth of 9.15% during the 2021-2026 period.

Wed, 12 Aug 2020 15:00:00 GMT

Solving COVID: August 12, 2020

Wed, 12 Aug 2020 15:00:00 GMT

Iran's Rouhani hopeful US arms embargo push will fail
Iran's President Hassan Rouhani expressed "great hopes" Wednesday that a US bid to extend an arms embargo on his country will fail, warning of consequences if the UN Security Council backs it. Rouhani's remarks came after Iran's ambassador to the United Nations said the US would have to redraft its proposed resolution on the issue after being "rebuffed" by Security Council members. "We have great hopes that America will fail," Rouhani told a televised meeting of his cabinet.

Wed, 12 Aug 2020 14:54:22 GMT

Syria: President Assad suffers brief drop in blood pressure
Syrian President Bashar Assad interrupted a speech he was giving to parliament Wednesday, telling a room full of lawmakers that he needed to “sit down for a minute” after suffering a brief drop in blood pressure. Assad, 54, was half an hour through his speech when he began appearing tired and halted his speech twice to take a sip of water from a glass in front of him. It was not clear how long he was away but when he returned, Assad, a trained eye doctor, joked that “doctors are the worst patients.”

Wed, 12 Aug 2020 14:46:26 GMT

Global Ceramic Tubes Industry

Wed, 12 Aug 2020 14:46:00 GMT

Israel says it foiled hackers targeting defense industry

Wed, 12 Aug 2020 14:14:10 GMT

Global Chemical Mechanical Planarization Industry

Wed, 12 Aug 2020 14:06:00 GMT

QAnon-supporting candidate unrepentant despite GOP criticism
Political newcomer Marjorie Taylor Greene was mocked as a supporter of QAnon conspiracies and denounced for videos deemed racist even by fellow Republicans who withdrew endorsements and declared her unfit for Congress. The businesswoman from northern Georgia had a blunt message for her critics as she coasted to victory in a Republican primary runoff election that should put her on an easy path to winning an open U.S. House seat: “I will not apologize.” “If Republicans want to win in 2020, they need to listen the message that I’m speaking," Greene told cheering supporters in a victory speech that railed against “spineless Republicans” and “anti-American leftists.”

Wed, 12 Aug 2020 13:52:03 GMT

Biden introduces VP choice Harris; much history, no crowd
Democratic presidential candidate Joe Biden and his newly chosen running mate Kamala Harris campaigned together for the first time Wednesday, as the former primary rivals sought to solidify their advantage over President Donald Trump and secure their place in American history. Biden, a 77-year-old white man, embraced the significance of naming the first Black woman to a major party's presidential ticket, but he focused on other attributes Harris brings to the ticket. Harris, Biden said at a high school gymnasium in his hometown of WIlmington, Delaware, is "smart, she’s tough, she’s experienced, she’s a proven fighter for the backbone of this country.”

Wed, 12 Aug 2020 13:38:27 GMT

U.S. Goes It Alone to Keep Weapons Out of Iran

Wed, 12 Aug 2020 12:43:13 GMT

U.S. Aims to Extend U.N. Arms Embargo on Iran
The U.S. is aiming to extend a United Nations arms embargo on Iran — indefinitely. The embargo prohibits Iran from buying and selling conventional weapons. The U.S.' new proposed resolution reportedly recommends extending the ban until the "council decides otherwise."

Wed, 12 Aug 2020 12:23:00 GMT

U.S. Aims To Extend U.N. Arms Embargo On Iran
The U.S. is aiming to extend a United Nations arms embargo on Iran — indefinitely. The embargo prohibits Iran from buying and selling conventional weapons. The U.S.' new proposed resolution reportedly recommends extending the ban until the "council decides otherwise."

Wed, 12 Aug 2020 12:23:00 GMT

Trump v. Putin: A Vaccine Manhood Contest
American scientists hope this is one time that President Donald Trump really does believe it is all just a Russian hoax.As President Vladimir Putin of Russia triumphantly declared on Tuesday that his country had produced the world's first coronavirus vaccine, public health experts in the United States worried that Trump would feel compelled to compete in a pharmaceutical manhood contest by hastily rolling out his own vaccine even before it is fully tested."I am sure that this will give him more impetus to push U.S. R&D and FDA to move more quickly," Margaret Hamburg, a Food and Drug Administration commissioner under President Barack Obama, said, referring to research and development. "If he believes that testing causes cases, I suspect he may believe that if you don't test a vaccine or drug, they must be OK."The announcement in Moscow roiled the international quest to stop the pandemic in what had already developed into a geopolitical race among the world's biggest powers. The Russian vaccine, approved without the sort of extensive trials typically required in the West, may work, American scientists said. But if it does not, the rushed process could pose dangers not just for Russians but for many others if Trump seeks to match the supposed achievement prematurely.The search for a vaccine has already been caught in a whirlwind of pressures as the Trump administration scrambles to develop a drug to combat a virus that has killed more than 164,000 Americans. Two pharmaceutical companies have moved to Phase 3 trials in the United States, the final stage of testing before a vaccine can be approved. But scientists have expressed concern that the trials would be short-circuited by Trump's desire for a political win before the general election Nov. 3.The White House has said that data, not politics, will govern the decision to approve a vaccine, although Trump has repeatedly linked his Operation Warp Speed to the campaign calendar. He has suggested that a vaccine could be rolled out by Election Day even though scientists said it would take until early next year to complete the trials."We're doing very well in everything including corona, as you call it," Trump said in an interview Tuesday with radio host Hugh Hewitt. "But let me just tell you, we're getting to an end. We're getting to, and the vaccines are ready to rock. We're going to be very close to a vaccine. We're ready to distribute."At a news briefing later in the day, the president offered no comment on Russia's announcement but made a point of boasting about the "tremendous progress" on an American vaccine and asserted that "we're moving very close to that approval.""Operation Warp Speed is the largest and most advanced operation of its kind anywhere in the world and anywhere in history," he said, his competitive juices on display.Putin saw no need to wait for more expansive testing in Russia, where the medical system is not considered as rigorous as in the United States, despite the prospect that it may not work as advertised or may even prove unsafe. But in doing so, he put Trump in an awkward position given the friendship between the two men."Judging from Trump's history of seeming deference to Putin as well as an ongoing personal desire for a 'win,' Trump may wish to replicate at home what he sees as a Russian vaccine triumph," said Monica Schoch-Spana, a senior scholar at the Johns Hopkins Center for Health Security.David Kramer, a Russia scholar at Florida International University and a former assistant secretary of state under President George W. Bush, said Trump should use the moment to put his desire for better relations with Russia to the test."Aside from arms control, fighting the virus would be one issue where we and Russia should work together and not be another source of competition," he said. "The speed with which the Russians have found a vaccine has to raise concerns, however, and risks exacerbating the level of distrust between our two sides if it does not work or even does harm."The vaccine race comes at a time when Washington is already engaging in a new debate over how to recalibrate relations between the two powers after the election. A group of 103 former Cabinet secretaries, ambassadors and other officials from Democratic and Republican administrations published an open letter last week in Politico arguing for an effort to "put the relationship on a more constructive path."Another group of former officials, this one with 33, led by Kramer, published its response Tuesday rejecting a new "reset" and arguing that Putin's regime poses "a threat to American interests and values, requiring strong pushback."The relationship has been dominated by the aftermath of the 2016 election, when Russia intervened in the American campaign to help Trump, according to intelligence agencies and a special counsel investigation. While no charges were brought alleging a criminal conspiracy, Trump has at times rejected even that Russia played a role, calling it a hoax.Just last week, U.S. intelligence agencies reported that Russia was still trying to intervene in American elections to help reelect Trump, a conclusion that the president likewise instantly rejected. "I think that the last person Russia wants to see in office is Donald Trump because nobody has been tougher on Russia than I have, ever," he said at a briefing for reporters.Told that was not what the intelligence agencies were finding, Trump snapped, "Well, I don't care what anybody says."He defended himself further on Tuesday when Hewitt asked who had been tougher on Russia, Trump or Obama. "By a factor of 50, me, OK?" Trump said, arguing that he built up the U.S. military and sent weapons to Ukraine for its continuing conflict with Russia.As he often does, however, Trump laced his answer with factual fallacies. He boasted that he sent Javelin anti-tank weapons to Ukraine when Obama would not, which is true. But what Trump did not say was that his administration barred the Ukrainians from actually using the Javelins and mandated that they be kept locked up far from the battlefront.The president likewise boasted that "I got NATO to pay 0 billion a year more to protect themselves against Russia." That is not true. NATO has projected that the allies will increase military spending by a cumulative 0 billion from 2016 to 2024, meaning over eight years, not each year. Similarly, Trump said he "spent .5 trillion" on the U.S. military, but that credits him with every dollar spent on defense over three years and then some, not just the increases he helped push through.It is true that his administration has taken aggressive action to counter Russia at times -- including sanctions, diplomatic expulsions and modest troop deployments to Eastern Europe -- but Trump has left the tough talk to his subordinates and rarely if ever has a word of criticism of Putin, whose leadership and strength he has publicly praised. Indeed, Trump has spoken repeatedly with Putin in recent months without once raising intelligence reports that Russia has paid bounties to Afghan fighters to kill U.S. soldiers. Trump dismissed the reports from his own administration as "fake news."In a separate string of Twitter messages Tuesday, Trump disputed the notion that he trusted Putin more than U.S. intelligence agencies, but he then proceeded to explain why he would doubt his own country's security apparatus, pointing back to his first encounter with veteran intelligence officials that he later came to consider his enemies."John Bolton, one of the dumbest people I've met in government and sadly, I've met plenty, states often that I respected, and even trusted, Vladimir Putin of Russia more than those in our Intelligence Agencies," Trump wrote, referring to his own former national security adviser."While of course that is not true," he continued, "if the first people you met from so called American Intelligence were Dirty Cops who have now proven to be sleazebags at the highest level like James Comey, proven liar James Clapper, & perhaps the lowest of them all, Wacko John Brennan who headed the CIA, you could perhaps understand my reluctance to embrace!"This article originally appeared in The New York Times.(C) 2020 The New York Times Company

Wed, 12 Aug 2020 12:08:21 GMT

Amid crises, UNICEF USA launches program to help kids in US
For more than 70 years, the U.S. affiliate of UNICEF has supported the global work of that U.N. agency, most of it focused on aiding children in developing countries. On Wednesday, amid overlapping domestic crises, UNICEF USA announced its first major program supporting children in the United States. Michael Nyenhuis, UNICEF USA’s president and CEO, said his agency will be investing million this year on an initiative to help U.S. cities become more child-friendly.

Wed, 12 Aug 2020 12:02:25 GMT

A COVID-19 vaccine needs the public's trust – and it's risky to cut corners on clinical trials, as Russia is
Russia’s announcement that a fast-tracked COVID-19 vaccine is registered there, with plans for quick distribution in the general population this fall, is being condemned by scientists worldwide.Findings from scientific studies of this vaccine, named “Sputnik V,” are not available. Large safety and efficacy trials are only now getting underway. But despite only two months of preliminary testing in people, Russian President Vladimir Putin called the vaccine “quite effective” and it’s received regulatory approval.In other places, notably the United States, China and the European Union, even as researchers rush to develop vaccines, they continue to publish studies of these vaccines at a more measured pace than is happening in Russia.As an epidemiologist who studies vaccine hesitancy and vaccine-preventable disease, I’m concerned about this news from Russia. After essential workers and high-risk groups are vaccinated, I would want to be among the first in line for an approved COVID-19 vaccine, but the medical research system must make sure any vaccine is safe and effective before distributing it to the population at large. Clinical trials have a valuable roleBefore any drug, vaccine or medical device is licensed for use in the general population, it needs to go through several rounds of large-scale testing. These studies are designed to make sure the intervention is safe and effective, and to understand what the appropriate dosage will be.Under normal conditions, the research required to bring a vaccine to market can take decades. For example, before the HPV vaccine was licensed in the U.S. in 2006, a phase III clinical trial enrolled 18,644 participants in 2004-2005, a phase II clinical trial had enrolled 1,113 participants in 2000, and the laboratory studies that led to a vaccine candidate had been published in the early 1990s.In the face of the coronavirus pandemic, scientists around the globe are focusing their efforts on developing a COVID-19 vaccine. They’re working at an unprecedented pace to move through the necessary clinical trials to end up with a safe and effective vaccine. One of the most time-consuming parts of clinical trials is enrolling participants, and pharmaceutical companies have sped up this process by lining up volunteers early, obtaining important baseline data from them even before a vaccine candidate is available. Problems if the vaccine is released too earlyCarefully conducted clinical trials are necessary to identify any problems with the vaccine. For example, studies of a new type of measles vaccine in the early 1990s found that it was detrimental to baby girls, and so it was never licensed to the general population. The existing measles or measles-mumps-rubella vaccine available in the U.S. and other countries is highly safe and effective. It could also be that the vaccine is not effective in some categories of people. Phase I and II clinical trials have small sample sizes and may not include individuals from high-risk groups. For example, a recently published phase II clinical trial of a COVID-19 vaccine excluded obese people, those with chronic diseases and pregnant women. However, these are all groups that should be able to get the vaccine in the future. More studies, including phase III trials, are necessary to discover if the vaccine works in the general population. Preliminary results should be available by the end of 2020.The concern is that by introducing the vaccine early, without adequate testing of safety, effectiveness and dosing, the population may be presented with a vaccine which is not safe or not effective, and with little information on which vaccine schedule is best.Food and Drug Administration Commissioner Dr. Stephen Hahn has said the FDA will not “cut corners” in approving a COVID-19 vaccine in the U.S. despite an accelerated program, dubbed Operation Warp Speed. Rushing to marketBut is there ever an ethical reason to release a vaccine early, even without going through all phases of clinical trials?Although it would be wonderful to get a vaccine into the population quickly, there could be substantial downsides if researchers and manufacturers cut corners. Imagine a vaccine that often had serious side effects that weren’t caught in small trials before it was widely administered.[Research into coronavirus and other news from science Subscribe to The Conversation’s new science newsletter.]An untested vaccine wouldn’t just harm the people vaccinated. If negative perceptions about the safety or efficacy of a COVID-19 vaccine spread throughout the population, it could limit how many people are willing to get the shot and perpetuate disease transmission.Trust in vaccination programs is crucial. Russia, in fact, provides an important historical example. In the 1990s, trust in the country’s public health system rapidly decreased, and rates of diphtheria-tetanus-pertussis vaccination fell as a result. A large outbreak of diphtheria then spread through eastern Europe, leaving over 4,000 people dead.Hasty rollout of a COVID-19 vaccine could prime people not only to not trust the COVID-19 vaccine, but also to doubt vaccination and public health systems as a whole. Vaccinations should be developed by impartial scientists and evaluated by nonpartisan government officials. By cutting red tape, procedures can be prioritized and sped up, but they must not be skipped.This article is republished from The Conversation, a nonprofit news site dedicated to sharing ideas from academic experts.Read more: * How effective does a COVID-19 coronavirus vaccine need to be to stop the pandemic? A new study has answers * What needs to go right to get a coronavirus vaccine in 12-18 monthsAbram L. Wagner receives funding from the NIH and NSF.

Wed, 12 Aug 2020 12:00:59 GMT

More tribal clashes in Sudanese port city; death toll at 25

Wed, 12 Aug 2020 11:28:30 GMT

Iran's Rouhani hopeful US arms embargo push will fail
Iran's President Hassan Rouhani expressed "great hopes" Wednesday that a US bid to extend an arms embargo on his country will fail, warning of consequences if the UN Security Council backs it. Rouhani's remarks came after Iran's ambassador to the United Nations said the US would have to redraft its proposed resolution on the issue after being "rebuffed" by Security Council members. The ban on selling weapons to Iran is set to be progressively eased from October under the terms of Resolution 2231, which blessed the Iran nuclear deal that world powers agreed in July 2015.

Wed, 12 Aug 2020 11:15:14 GMT

3 dead, 6 in hospital after train derails in Scotland
Three people were killed and six others injured Wednesday when a passenger train derailed in northeast Scotland after heavy rain and flooding hit the area. The train driver was believed to be among the dead, British Transport Police said. The Rail, Maritime and Transport union said that the train conductor was also believed killed.

Wed, 12 Aug 2020 11:10:50 GMT

Thousands in Belarus decry president's reelection as rigged
Thousands of protesters rallied in Belarus’ capital and other cities for a fourth straight night Wednesday, decrying an election they say was rigged to extend the 26-year rule of the country's authoritarian leader and the crackdown on subsequent demonstrations. In several parts of Minsk, groups of hundreds of people formed human chains. Motorists blared horns in support and, in some areas, slowed to a crawl to block police vehicles.

Wed, 12 Aug 2020 11:07:50 GMT

Trump adds grandiose promises to campaign pitch
President Trump is promising voters he will replace the Affordable Care Act, forge a new Iran nuclear deal, end the payroll tax and achieve other ambitious goals within weeks if reelected. His ability to deliver on them is close to zero.

Wed, 12 Aug 2020 11:00:09 GMT

The daily business briefing: August 12, 2020

Wed, 12 Aug 2020 10:58:00 GMT

FM says Germany ready to help Lebanon but reforms necessary
Germany stands ready to help Lebanon with reconstruction and further investment after last week's massive explosion, but any support will be linked to economic reforms and an end to pervasive corruption in Lebanon, Germany's foreign minister said Wednesday. Heiko Maas spoke after a tour of Beirut's devastated port, where thousands of tons of ammonium nitrate exploded Aug. 4, obliterating the facility, killing at least 171 people and wounding thousands in the capital city.

Wed, 12 Aug 2020 10:55:19 GMT

10 things you need to know today: August 12, 2020

Wed, 12 Aug 2020 10:19:00 GMT

Trump’s TikTok and WeChat Ban Could Backfire Inside China
HONG KONG—As Donald Trump moves to ban transactions with WeChat and ByteDance, the parent company of TikTok, people in China are wondering if they’ll need to ditch their iPhones to keep their favorite app, and noting that the White House’s splinternet rhetoric is straight out of Beijing’s own playbook. Trump’s moves against ByteDance and Tencent’s WeChat strike at two tech companies deeply entrenched in China’s social life—and, in WeChat’s case, critical to the consumer reach of American companies inside China. ByteDance’s TikTok, the popular short video platform that in the past weeks was in the crosshairs of Trump and Secretary of State Mike Pompeo, has been one of the most downloaded apps globally for two years—even though TikTok cannot be used in China legally due to its home country’s fractured internet governance policy. And WeChat, a “super app” that blends messaging, social network features, payments, newsfeeds, and many other useful functions—including a digital QR health code to indicate whether a user is clear of COVID-19—is an essential tool for everyone living in China and is on practically every smartphone in the country. Is the Trump Administration Really Going to Ban TikTok in America?Biden’s Digital Team Knows It’d Be Weird If He Went on TikTok. And They’re Fine With That.WeChat has no equivalent in the U.S., but think of it as WhatsApp, Facebook, PayPal, a news feed, and more, all rolled into one app. Its presence stateside is limited—mostly as a communication tool for people with family members or close friends in China—but American companies like KFC, Starbucks, and Mastercard rely on the app to conduct business in the world’s most populous country, because of the sheer number of users that are logged on at any given time. Mastercard and Visa are linking up with WeChat’s e-wallet to process payments from China, and firms like JP Morgan already sell financial services through the app. For now, the U.S. embassy in Beijing also still has an active WeChat account.As such, the general public in China has mainly focused on Trump’s ban on WeChat transactions. Xueqiu (“Snowball”), a popular online financial news provider in China, conducted a poll on Weibo, a platform that is like Twitter, asking followers whether they would rather ditch WeChat or their iPhones if they could only keep one, assuming that WeChat is removed from the App Store. By Saturday, more than 805,000 people responded, with almost 95 percent saying they would give up their Apple devices to keep their WeChat accounts.And what might be the replacement for iPhones in China? Huawei, a company that recently surpassed Samsung in production volume and a frequent target in Trump’s rudderless trade war, might fill the void and end up selling more of its smartphones.People in China are still processing Trump’s bans. Targeting ByteDance was no surprise, especially given how TikTok may have played a role in the low turnout for his election campaign rally in Tulsa, but few foresaw that he and his advisors would take aim at WeChat too. There is scant evidence that TikTok or ByteDance actively collaborate with the Chinese Communist Party. And ByteDance’s founder, Zhang Yiming, likely has little love for the party. In April 2018, he had to issue a public apology after state-run media organs criticized one of his apps. The app in question, Toutiao, is one of China’s most popular news and information aggregators and lets users create their own content. It boils down to this—the party was losing control of information flows on the Chinese internet.Zhang's apology was packed with CCP leader Xi Jinping’s jingoistic buzzwords, and the tech entrepreneur wrote that his app had a weak implementation of Xi's “four consciousnesses,” which refer to placing the CCP’s needs first and Xi at the party’s core. Zhang wrote: “We have not acknowledged that technology must be led by the system of socialist core values, broadcasting positive energy, suiting the demands of the era, and respecting common convention.” He went on to say that there was a need to promote content from “authoritative media” in the country, referring to state media organs.There have also been hitches in TikTok’s services that look suspiciously like the platform was falling in line with the CCP. Last year, one teenager’s TikTok videos about the treatment of Uighurs in Xinjiang went viral, but were taken down, even though the company said it “does not moderate content due to political sensitivities.” And at the onset of this year’s Black Lives Matter protests across the United States, TikTok was accused of censoring the hashtags BlackLivesMatter and GeorgeFloyd, briefly showing zero views for both tags.Trump’s whims are unpredictable, so people in China can only speculate as to what might come next out of the Oval Office. Will another executive order target WeChat’s parent company, Tencent, which holds stakes in Tesla, Reddit, Snap, Spotify, Universal Music, Warner Music, Epic Games (which made Fortnite), Riot Games (which made League of Legends), and other corporations that are American or meshed with American habits? Or will Trump sanction, say, biotech and pharmaceutical companies that are testing vaccines for COVID-19?If Trump’s goal is to wipe platforms of Chinese origin from America’s corner of the internet, then his administration is adopting a policy exactly like China’s ban of Twitter, Facebook, WhatsApp, Instagram, and other American productions from 2009 onward. For years, the Chinese government’s limitations on the footprint of foreign tech companies, paired with a vast censorship program that includes the Great Firewall, have balkanized access to information that is online. And now, Trump’s executive orders on WeChat and ByteDance, issued last Thursday, played right into Beijing’s narrative that Washington now seeks to isolate China in tech, finance, and trade. In his executive orders, Trump declared the “threat” posed by TikTok and WeChat is a “national emergency with respect to the information and communications technology and service supply chain.” There are legitimate concerns about how tech companies from China handle users’ data. Chinese security organs have access to private conversations on WeChat, and even messages sent outside of the country can be intercepted by the authorities. An errant post or a meme that pokes fun at Chinese Community Party leaders could land a user in an interrogation room at their nearest police station. But the vaguely worded executive orders don’t seem to be designed to truly address this.On Friday, Chinese Ministry of Foreign Affairs spokesperson Wang Wenbin lashed out at the bans, saying, “The United States has used national security as an excuse to frequently abuse state power and unreasonably oppress enterprises. It is blatant hegemony, which China strongly opposes.”“Their flagrant political manipulation and oppression ends up as an ethical slippery slope,” Wang also said. “They will suffer the consequences of their own actions.”Trump’s orders were signed a day after Pompeo announced the “Clean Network” program, ostensibly to remove any apps or communications infrastructure that may give the Chinese Communist Party access to the personal information of American citizens. In the same vein, earlier this year, Grindr’s Chinese majority owner had to sell its 98 percent stake for more than 0 million, after the Committee on Foreign Investment in the United States said the business arrangement was a threat to American national security.And on Thursday, the Trump administration recommended that Chinese companies that have shares traded on U.S. stock exchanges will need to delist if they do not comply with new, tougher audit requirements by 2022. Alibaba, which was founded to mimic eBay but has since expanded to become a massive e-commerce and e-payments powerhouse with investments in many sectors, is listed on the New York Stock Exchange as the world’s seventh largest company by market capitalization.Tech companies are the latest proxy battlegrounds for Washington and Beijing. Immediately after Trump signed his executive order, billion was wiped off the value of Chinese tech companies that are traded on the bourses of Shanghai, Hong Kong, and New York. As the situation drags on, TikTok’s value plummeted from –50 billion to billion, according to Chinese media outlet Caixin.ByteDance’s founder, Zhang Yiming, has been criticized by nationalistic elements in China for “capitulating” to conditions in the U.S. that may lead to a sale of TikTok to Microsoft, Twitter, or other corporations. For Chinese nationals, finding success abroad isn’t enough—they are expected to be flag-wavers too.In a note posted to WeChat on Friday, Zhang wrote, “For the past year, we have been seeking to communicate with the U.S. government sincerely, and to provide constructive solutions to their concerns. But what we are facing is that the U.S. government disregards the facts . . . and tries to interfere in negotiations between private companies.”“If the U.S. government cannot treat us fairly, we will resort to the U.S. courts,” he also said. TikTok will file its lawsuit in California, where the company’s U.S. operation is headquartered. It will argue that Trump’s move was unconstitutional.A group of Chinese-American lawyers in the U.S. plan to sue the Trump administration as well, in response to the executive order that mentions WeChat, again arguing that the order is unconstitutional. They claim to have no affiliation with Tencent or the Chinese government, and said in a note posted online, “We understand that WeChat is an app that has flaws. We can choose to not use it, but the president does not have the right to make that choice for us.”If Trump’s bans on financial transactions with Chinese tech companies come into effect, how might Beijing retaliate? The punchline in China is that the authorities have kicked out so many American tech companies that there are no longer any viable marks left.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

Wed, 12 Aug 2020 08:42:33 GMT

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