Senin, 01 April 2019
Reiwa: Naming a new era in Japan - BBC News - Cengiz Adabag News
https://www.youtube.com/watch?v=B5cLIDFRtJ4
2019-04-01 11:35:23Z
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Ethiopian crash could be largest non-war aviation reinsurance claim: Willis Re - Reuters
FILE PHOTO: Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. REUTERS/Tiksa Negeri/File Photo
LONDON (Reuters) - Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said.
The crash of Ethiopian Airlines flight ET 302 on March 10 killed 157 passengers and crew, the second deadly crash involving a Boeing Co 737 MAX 8 airliner in five months.
As the crash site and black boxes are investigated, the 737 MAX 8 has been grounded worldwide as a precautionary measure and regulators are stepping up action to improve air safety while Boeing is carrying out a software upgrade to the plane’s automated flight control system.
Liability claims for the passengers’ loss of life and in relation to the grounded aircraft could total around a billion dollars, James Vickers, chairman of Willis Re International, told Reuters by phone, a large sum for the aviation reinsurance market which Vickers said was “very small and very, very specialist”.
Reinsurers help insurers share the cost of large claims, in return for part of the premium.
The losses could erode three to four years of aviation reinsurers’ premium in the “global excess of loss” category of reinsurance, Willis Re said on Monday in its summary of reinsurance activity at the key April 1 renewal date.
In excess of loss reinsurance, the insurers are on the hook for the first part of the claim, and reinsurers only pay out on claims above a certain level.
The world’s biggest reinsurers include European firms Munich Re, Swiss Re and Hannover Re, U.S. billionaire global investor Warren Buffett’s Berkshire Hathaway and companies operating in the Lloyd’s of London market.
British insurer Global Aerospace led a consortium of insurers and reinsurers providing cover for Boeing.
Reporting by Carolyn Cohn; editing by Simon Jessop and David Evans
Our Standards:The Thomson Reuters Trust Principles.
https://www.reuters.com/article/us-ethiopia-airplane-reinsurance/ethiopian-crash-could-be-largest-non-war-aviation-reinsurance-claim-willis-re-idUSKCN1RD1TR
2019-04-01 09:42:00Z
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The Latest: Erdogan loses support in Turkey's big cities - Fox News
Supporters of the Republican People's Party, CHP, wave Turkish flags, and one with a portrait of Kemal Ataturk, right, as they celebrate after preliminary results of the local elections were announced in Ankara, Turkey, early Monday, April 1, 2019. Erdogan's ruling party has declared victory in the race for mayor of Istanbul, even though the result in Turkey's most populous city and commercial hub is too close to call. State broadcaster TRT says former Prime Minister Binali Yildirim received 48.71 percent of the votes in Sunday's municipal elections while the opposition's candidate, Ekrem Imamoglu, got 48.65 percent. (AP Photo/Burhan Ozbilici)
Turkey's President and ruling Justice and Development Party, or AKP, leader Recep Tayyip Erdogan, left, and his wife Emine, greet supporters after the results of the local elections were announced in Ankara, Turkey, early Monday, April 1, 2019. Erdogan's ruling party has declared victory in the race for mayor of Istanbul, even though the result in Turkey's most populous city and commercial hub is too close to call. State broadcaster TRT says former Prime Minister Binali Yildirim received 48.71 percent of the votes in Sunday's municipal elections while the opposition's candidate, Ekrem Imamoglu, got 48.65 percent. (AP Photo/Ali Unal)
ISTANBUL – The Latest on Turkey's local elections (all times local):
1:45 p.m.
The opposition candidate running to be Istanbul's next mayor has declared victory after unofficial results showed him leading in Turkey's local elections.
Ekrem Imamoglu, the candidate from an alliance led by the secular Republican People's Party, thanked all Istanbul voters on Monday.
Unofficial results by state-run Anadolu news agency said he had won 48.8 percent of the vote Sunday and his opponent, former Prime Minister Binali Yildirim of the ruling party, had captured 48.5 percent. One percent of the votes were still to be counted.
Parties have three days to file objections and official results are expected in the coming days.
If the opposition won in Istanbul, Turkey's largest city and commercial hub, that would be a watershed moment. Erdogan's own ascent to power began in 1994 as Istanbul mayor and the city has been held by his party and allies for 25 years.
___
10 a.m.
Turkish President Recep Tayyip Erdogan declared victory in municipal elections but the opposition's success in key cities dealt a significant blow to his party's dominance.
According to unofficial results, the ruling party lost the capital, Ankara, and the head of Turkey's electoral board said the opposition was also leading in Istanbul.
Sunday's local elections were widely seen as a test of support for Erdogan as the nation of 81 million people faces a daunting economic recession with double-digit inflation, rising food prices and high unemployment.
Ballot counts were still underway Monday morning in an anxious wait for Istanbul, Turkey's largest city and commercial hub. Both candidates —Ekrem Imamoglu for secular Republican People's Party, or CHP, and former Prime Minister Binali Yildirim for the ruling party— claimed they had won.
Electoral board head Sadi Guven said votes were still being counted.
___
Fraser reported from Ankara.
https://www.foxnews.com/world/the-latest-erdogan-loses-support-in-turkeys-big-cities
2019-04-01 11:07:23Z
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Comedian and sitcom star leads Ukraine's presidential race - New York Post
KIEV, Ukraine — Early results in Ukraine’s presidential election show a comedian with no political experience maintaining his strong lead against the incumbent president in the first round, setting the stage for a runoff in three weeks.
With nearly 60 percent of the polling stations counted Monday, Volodymyr Zelenskiy had 30 percent of Sunday’s vote, while incumbent President Petro Poroshenko was a distant second with just over 16 percent.
Ex-Prime Minister Yulia Tymoshenko trailed behind with 13 percent. The results were in sync with a top exit poll.
The strong showing for the 41-year-old Zelenskiy reflects the public longing for a fresh leader who has no links to the corruption-ridden Ukrainian political elite and can offer a new approach to settling the grinding five-year conflict with Russia-backed separatists in eastern Ukraine.
“This is only the first step toward a great victory,” Zelenskiy said after seeing the exit poll findings.
The top two candidates advance to a runoff on April 21. Final results in Sunday’s first round are expected to be announced later Monday.
Zelenskiy dismissed suggestions that he could pool forces with Tymoshenko to get the backing of her voters in the second round in exchange for forming a coalition following parliamentary elections in the fall.
“We aren’t making any deals with anyone,” he said. “We are young people. We don’t want to see all the past in our future, the future of our country.”
Like the character he plays in a TV sitcom, a schoolteacher turned president, Zelenskiy made fighting corruption a focus of his candidacy. He proposed a lifetime ban on holding public office for anyone convicted of graft. He also called for direct negotiations with Russia on ending the conflict in eastern Ukraine.
The election was marred by allegations of widespread vote buying. Police said they had received more than 2,100 complaints of violations on voting day alone in addition to hundreds of earlier voting fraud claims, including bribery attempts and removing ballots from polling places.
Zelenskiy’s headquarters alleged multiple voting and other cheating on the part of Poroshenko’s campaign, but election officials said the vote took place without significant violations.
Poroshenko looked somber as the votes came in, but visibly relieved about surpassing Tymoshenko to advance to the runoff.
“I critically and soberly understand the signal that society gave today to the acting authorities,” he said. “It’s a tough lesson for me and my team. It’s a reason for serious work to correct mistakes made over the past years.”
It is not clear whether he would or could adjust his campaign enough to meet Zelenskiy’s challenges over the next three weeks.
Poroshenko, 53, a confectionery tycoon before he was elected five years ago, saw approval of his governing sink amid Ukraine’s economic woes and a sharp plunge in living standards. Poroshenko campaigned on promises to defeat the rebels in the east and to wrest back control of Crimea, which Russia annexed in 2014 in a move that has drawn sanctions against Russia from the U.S. and the European Union.
A military embezzlement scheme that allegedly involved top Poroshenko associates as well as a factory controlled by the president dogged Poroshenko before this election. Ultra-right activists shadowed him throughout the campaign, demanding the jailing of the president’s associates accused in the scandal.
Poroshenko after the vote hit back at Zelenskiy, describing him as a pawn of self-exiled billionaire businessman Igor Kolomoyskyi, charges that Zelenskiy denies.
“Fate pitted me against Kolomoyskyi’s puppet in the runoff,” he said. “We won’t leave a single chance for Kolomoyskyi.”
Zelenskiy quickly shot back, saying mockingly that it’s impossible to say whether a corrupt official involved in the military embezzlement scheme was Poroshenko’s puppet, or the other way round.
https://nypost.com/2019/04/01/comedian-who-played-president-on-tv-leads-ukraine-presidential-vote/
2019-04-01 08:53:00Z
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Theresa May hints at election as Brexit votes go before Parliament: Live updates - CNN International
Pro-Brexit supporters at Parliament Square on Friday.
This was meant to be the UK's first full week outside the European Union.
But after nearly three years of infighting, division and political paralysis, the deadlock over Brexit rumbles on.
This week is another crucial one in the process. With rumors of a looming general election, the prospect of yet another meaningful vote, and a series of indicative ballots in the House of Commons, things might be a lot clearer in a few days' time. Then again -- they might not.
Lawmakers will get the first opportunity to negotiate a way out of Britain's deepening political crisis. Today they'll hold a second round of indicative votes, hoping to coalesce behind a Brexit plan that could rival Theresa May's and force the PM into a compromise.
Options that MPs could vote on will likely include a Customs Union plan and a second referendum -- and while the ballots are not legally binding, a united show of support would be difficult for Downing Street to ignore.
Another round of indicative votes could take place on Wednesday, but reports suggest that Theresa May is also planning to find time this week for yet another so-called meaningful vote on her Withdrawal Agreement. That divorce deal has already failed in the Commons three times, by majorities of 230, 149 and 58.
And in case that wasn't enough Westminster drama for one week, rumors also abound that May could call a snap general election to break the deadlock. The last time she tried that, in 2017, it backfired spectacularly -- with May losing her majority in Parliament.
https://edition.cnn.com/uk/live-news/brexit-indicative-votes-monday-gbr-intl/index.html
2019-04-01 08:08:19Z
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Turkey's lira slides as President Erdogan's party suffers pivotal losses - CNBC
Turkish President Recep Tayyip Erdogan's Justice and Development Party (AK Party) has lost the capital Ankara and looks set to lose the commercial hub of Istanbul after 25 years in power in both cities, as Sunday's municipal election results — largely seen as a referendum on the president himself — roll in.
The Turkish lira fell sharply at the opening of London trade on Monday, the latest rout after a turbulent week that saw Turkey's overnight swap rate shoot up as high as 1,200 percent as the central bank tried to shore up the currency.
On Monday morning, the lira sunk at roughly 8:30 a.m London time after the country's election board said the opposition party was ahead in Istanbul's mayoral election, briefly trading at $5.6913. The currency had traded at 5.61 to the dollar after the initial results came in on Sunday evening, compared with 5.55 at Friday's close.
The country's BIST 100 stock index was down 1.65 percent as European markets opened, after falling more than 7 percent last week.
Markets now fear that the electoral losses will push Erdogan to double down on populist policies that helped send the currency tanking last year, when his interference in central bank independence held interest rates down despite soaring inflation and sent investors running for the hills. Last year saw the lira lose 30 percent of its value against the dollar.
The victories claimed by the opposition Republican People's Party (CHP) are a formidable blow to the ruling right-wing AK Party — particularly the expected loss of Istanbul, where Erdogan first made his political debut as city mayor in the 1990s. Still, the AK Party and its far-right coalition partner the Nationalist Movement Party (MHP) secured more than 50 percent of the national vote and won a majority of Istanbul's districts.
Voters went to the polls with a major concern at the top of their list: the economy.
Unemployment in Turkey is now around 13 percent, nearly a decade high, and inflation sat at 19.7 in February — though that's the first time it's dropped below 20 percent since August.
"The market will now want to see what reforms the AKP is going to roll out, after the new promises made by Erdogan," Timothy Ash, senior emerging markets strategist at Bluebay Asset Management, commented in an email note Monday, noting that the president will remain powerful after years of consolidating power through constitutional changes.
"The actual election results don't change that much, Turkey still faces huge economic challenges based around a loss of confidence in policy making," he said. "First and foremost confidence in economic policy making has to be rebuilt to stop the trend of rising dollarization."
The drop in the lira has led to the weakening of consumer purchasing power and caused acute pain for Turkish banks and businesses with high dollar-denominated debt — reports have put the volume of Turkey's foreign-currency denominated corporate debt at 50 percent of the country's GDP (gross domestic product).
https://www.cnbc.com/2019/04/01/turkey-lira-slides-as-erdogans-party-suffers-pivotal-losses.html
2019-04-01 07:47:29Z
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Taiwan scrambles jets to confront Chinese fighters after rare incursion - CNN
The island's military scrambled fighter planes after it said two Chinese J-11 fighter jets crossed the border within the waters of the Taiwan Strait, known as the median line, at about 11 a.m. on Sunday.
"Two PLAAF J-11 jets violated the long-held tacit agreement by crossing the median line of the Taiwan Strait. It was an intentional, reckless and provocative action. We've informed regional partners and condemn China for such behavior," the Taiwan Ministry of Foreign Affairs said in a statement
If confirmed as intentional, the Chinese incursion would be the first of its kind in years, said Bonnie Glaser, director of the China Power Project at the center of Center for Strategic and International Studies.
"Chinese jets flew across the center line frequently in 1999," Glaser said. "Since then, there have been occasions when PRC jets flew toward the center line and then veered off. They haven't crossed it in a long time. By some accounts 20 years."
She said there was one instance in 2011 when Chinese planes accidentally crossed the line.
According to local Taiwan media, the Sunday incident triggered a 10-minute standoff between jets from the two sides.
China and Taiwan have been separately governed since the end of a brutal civil war in 1949. Beijing views the self-governed island as part of its territory.
Weekend activities
On Saturday, the Japanese Self-Defense Force announced it had also scrambled fighters after the Chinese air force flew between Japan's islands of Okinawa and Miyako.
Japan's Self Defense Forces said in a statement the Chinese air force had sent four Xian H-6K long range bombers, one Shaanxi Y-8 electronic countermeasures aircraft, one Tupolev Tu-154 MD electronic intelligence plane and at least two fighter jets through international airspace between Japanese islands on Saturday.
It isn't the first time China has flown planes over the Miyako Strait -- in March 2018, it conducted drills with bombers and fighter jets in the same area
In the past 12-months China's military has ramped up the number of drills and exercises it conducts around Taiwan, including sailing the aircraft carrier Liaoning through the strait.
In a speech in January, Chinese President Xi Jinping said Taiwan independence was a "dead end," warning he didn't rule out force as a method of reunification.
Speaking on Wednesday, Taiwan President Tsai said her government had submitted a request to buy new F-16 fighters and M1 heavy tanks from the United States, which she said would "greatly enhance" the island's defense capabilities.
The Chinese government has yet to respond to statements made by Japan or Taiwan, but in a press conference last Thursday, Ministry of Defense spokesman Wu Qian said potential US sales to Taiwan were "dangerous."
"We will strive for peaceful reunification with utmost sincerity and greatest efforts. However ... we will take all necessary measure to safeguard national sovereignty and territorial integrity and protect peace and stability across the strait," he said.
https://www.cnn.com/2019/04/01/asia/china-japan-taiwan-jets-intl/index.html
2019-04-01 07:13:00Z
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