Archives for: Politics Category

2-POLITICS QUOTE

 

India’s prime minister, Narendra Modi, warned China’s leaders on Friday that it was up to them to rethink policies that he said had impeded cooperation between the two Asian giants.

Mr. Modi made the comments to reporters in Beijing after meeting with Premier Li Keqiang and unveiling 24 agreements that both men said would help improve relations. But Mr. Modi added a proviso: that better ties depended on the Chinese government listening to India’s grievances.

“We covered all issues, including those that trouble smooth development of our relations,” Mr. Modi said of his talks with Mr. Li and, on Thursday, with China’s pre-eminent leader, President Xi Jinping.

The sources of contention between the two countries have included long-running border disputes, a heavy trade imbalance in China’s favor and India’s wariness toward China’s partnership with Pakistan, India’s rival.

“I stressed the need for China to reconsider its approach on some of the issues that hold us back from realizing full potential of our partnership,” Mr. Modi said in a room at the Great Hall of the People, the cavernous home of China’s national legislature, in remarks broadcast live by Indian television stations. He said, “I suggested that China should take a strategic and long-term view of our relations.” >> Read More

 

There was some confusion what caused the fallout between North Korean leader Kim Jong Un and his defense minister, Hyon Yong Chol. According to Reuters Chol was charged with treason, including disobeying Kim. According to Bloomberg, his offense was more trivial: he fell asleep. The defense minister “was captured napping in video footage of the event late last month.”

As a point of reference, the North Korean defense minister is one of the most influential positions in the country, along with the chief of general staff and the head of the military’s political bureau. Hyon had been in the role since June last year.

Whichever one is true is irrelevant, but one thing is certain: nobody will ever be caught napping at official events ever again because while the catalyst that set Jong Un off may be unclear, Chol’s fate is now know: he was executed in front of an anti-aircraft gun at a firing range, according to Seoul’s National Intelligence Service, the latest in a series of high-level purges since Kim Jong Un took charge. >> Read More

Burundi army general declares coup

13 May 2015 - 18:53 pm
 

A high-ranking army general in Burundi declared on Wednesday he is “dismissing” President Pierre Nkurunziza after weeks of populist street protests – but drew mockery from the Presidency which called the claim “a joke”.

General Godefroid Niyombare told reporters in the capital Bujumbura that a newly established “national salvation committee” would run the country as part of a transitional government

President Nkurunziza is in Tanzania for a regional meeting on the crisis but his security forces fought street protesters on Wednesday.

An unconfirmed 19 protesters have been killed in past weeks due to a violent police crackdown. The protests come after Mr Nkurunziza said on April 25 he would stand again for a third term in elections due in June despite the provisions of a 2000 peace deal and in face of heavy dissent from both opposition and senior ranks of the ruling party.

The coup declaration, which analysts say is unlikely to be able to draw official backing from the entire army, comes from one of the most popular and senior members of the army and a heavyweight from the ruling CNDD-FDD party. >> Read More

 

GBPUSD

UKPolls reports that the Conservative Party leads the UK election (based on exit polls) with LibDems taking enough seats to enable a majority coalition. UKIP managed a disappointing 2 seats. Cable is rallying on the back of this (though we note this is exit polls only).

With 326 seats required for a majority:

  • *U.K. VOTES: TORIES SET TO WIN 316 SEATS: EXIT POLL
  • *U.K. VOTES: LABOUR SET TO WIN 239 SEATS: EXIT POLL
  • *U.K. VOTES: SNP SET TO WIN 58 SEATS IN SCOTLAND: EXIT POLL
  • *U.K. VOTES: LIBDEMS SET TO  WIN 10 SEATS: EXIT POLL
  • *UKIP 2 SEATS, “GREENS” 2 SEATS, OTHER 19

and here is Goldman, simplifying the decision process to three potential outcomes. While there is a whole range of potential outcomes to the May 7 election, each of the most likely governmental combinations falls into one of three broad groupings: >> Read More

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A criminal court in Cairo has sentenced Mohamed Morsi, the elected Islamist president ousted by the military in 2013, to twenty years in prison for the use of violence against protestors and torturing opponents held on the grounds of the presidential palace.

Twelve of his associates, most of them from the Muslim Brotherhood group, received a similar sentence. All were acquitted from murder and illegal possession of weapons. The verdict can be appealed.

The violence goes back to December 2012 when protests erupted in response to a decision by Mr Morsi, to grant himself exceptional powers in order to push through a controversial constitution rejected by liberal and left-wing groups.

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Technically Yours,
Team ASR,
Baroda, India.