Selasa, 04 Februari 2020

Iran sentences man to death for spying for the CIA - BBC News

Iran's top court has confirmed a death sentence for a man convicted of spying for the CIA.

Amir Rahimpour "earned a lot of money" to pass on information about Iran's nuclear programme to the US, judiciary spokesman Gholamhossein Esmaili said.

He added that "two more American spies" had been sentenced to 10 years in prison for espionage and five years for acting against national security.

Mr Esmaili did not name them, but said they had been working for a charity.

There was no immediate comment from the US government or the CIA (Central Intelligence Agency).

But in July US officials cast doubt on an announcement by Iran that it had arrested 17 spies who were allegedly collecting information on the country's nuclear and military sectors for the CIA. The ministry said some had been sentenced to death.

"It's part of the nature of the ayatollah to lie to the world," Secretary of State Mike Pompeo said at the time, referring to Iran's Supreme Leader Ayatollah Ali Khamenei. "I would take with a significant grain of salt any Iranian assertion about actions that they've taken."

The previous month, a former contractor for Iran's defence ministry, Jalal Hajizavar, was executed after being found guilty of espionage. Hajizavar allegedly confessed that he had been paid to spy for the CIA.

And in 2016, Iran executed a nuclear scientist convicted of spying for the US. Shahram Amiri reportedly defected to the US in 2009, but he returned to Iran the following year after claiming that he had been kidnapped and held against his will.

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News of Amir Rahimpour's death sentence being confirmed comes at a time of high tension between Tehran and Washington.

In January, top Iranian general Qasem Soleimani, the head of the Revolutionary Guards' overseas operations arm, was killed in a US drone strike in Baghdad.

In response, Iran fired ballistic missile at two Iraqi military bases housing US forces.

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2020-02-04 11:50:00Z
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China could spend billions buying stocks if the coronavirus panic continues. It's done it before - CNN

Beijing already has a blueprint to work with. When the Chinese stock market bubble popped in 2015, sending shares into an even deeper tailspin, the government stepped in with a rescue plan. Using a state-owned financing company and its sovereign wealth fund, China spent more than 1.2 trillion yuan ($170 billion) buying shares to shore up prices.
Chinese stocks plunged 8% as coronavirus fears took hold. It's the worst day in years
This time, the country may have to do the same.
"I think the regulators are closely watching the situation and prepared to take direct action to intervene," said Mark Huang, an analyst for Bright Smart Securities, a Hong Kong-based brokerage firm.
It's too early to tell whether China is in for another prolonged markets rout. While the Shanghai Composite plunged nearly 8% Monday, it closed 1.3% higher Tuesday. Shenzhen stocks posted similar gains.
But the impact of the coronavirus is growing every day. The number of cases has now topped 20,000 worldwide, and more than 400 people are dead. Large parts of China are still on lockdown, while airlines have canceled flights to and from the country, and companies with ties to China are having to weigh the likely hit to sales and their supply chains.

A big intervention

The last time Chinese stocks performed this poorly, the country was in the middle of a massive market meltdown. In 2015, inflated share prices eventually gave way to a big crash, while the wider Chinese economy was slowing down. In Shanghai, stocks lost a third of their value in a matter of weeks.
Fearing an economic crisis, the government fired its big guns. That July, China's Securities Finance Corporation (CSF) announced it would lend billions to big Chinese brokerage firms so they could buy stocks. In the meantime, Central Huijin Investment, an arm of China's sovereign wealth fund, also piled into stocks.
Those moves were widely considered China's first steps toward creating a stock market intervention fund that it could deploy to keep markets stable when necessary. Chinese authorities were open about their plans, too, telling the public via editorials in state media not to panic and to have faith in the government.
Medical workers spray antiseptic outside the Shanghai Stock Exchange on February 3, 2020.
The market recovery took several months. And even though the Shanghai market has yet to return to the levels it reached before the crash, the worst was over by February 2016.
Since then, the CSF and Central Huijin Investment have become better known as the driving force behind China's "national teams" — a nickname given to the investment managers that can be deployed to buy up stocks when necessary to keep the markets steady.

The "national teams" could come back

Now that the coronavirus is taking a toll on markets, the "national teams" could be ready for a comeback.
The government has already made clear that state intervention is on the table. The central bank on Monday said it would inject billions of dollars into the financial system by buying short term bonds to help keep bank lending flowing.
And the China Securities Regulatory Commission, which oversees the country's markets, said it would "keep fully alert" and "study and launch hedging tools" to stop people from panicking, as necessary.
In some ways, the government's response already appears to be echoing 2015. State media reported this week that the securities regulator introduced a partial ban on short selling — when traders borrow shares to sell in the hope of buying them back at a lower price — to mitigate the slide in the markets. Back then, the country blamed short sales for exacerbating the crash.
The coronavirus is clobbering oil prices
Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, said he expected China to deploy its "national teams" when necessary. But he also suggested the government will likely wait until the coronavirus scare reaches a peak before making any more big moves.
China "is probably waiting to see how things develop before shooting more bullets," Halley said, "but I have no doubt they have plenty."

The worst may not be over

It's not yet clear, though, when the coronavirus outbreak will peak — and what kind of effect the continued spread of the virus could have on markets.
Monday's losses, while huge, were China's way of catching up to what overseas markets were already doing, according to Iris Pang, Greater China economist at ING. Chinese markets were closed for more than a week for a holiday while the number of confirmed coronavirus cases mounted, while other markets were able to price in the impact.
Pang said that while the "immediate, very short-term" selling is over, the outlook for markets is going to depend on when the outbreak reaches its peak.
That will depend on "the speed of new confirmed cases, mortality rate and community infection cases," she added. "It is more than a [quarterly] event."
The number of deaths from the coronavirus in mainland China has already overtaken the 2003 SARS epidemic, while the number of confirmed cases continues to grow. Some economists have also cautioned that the impact on China's economy could be severe — a troubling prospect for an already fragile economy, and for global growth.
"If the Coronavirus headcount doesn't start to improve and the Chinese economy deteriorates more than expected, it means there will be more legs in the selloff run," wrote Stephen Innes, chief market strategist at AxiCorp, in a recent research note.

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2020-02-04 11:12:00Z
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Kenya's longest serving President Daniel Arap Moi dies at 95 - CNN

"It is with profound sadness that I announce the death of a great man of an African state," Kenyatta said in a statement.
He ordered a period of national mourning and all flags to fly at half-mast until a state funeral is held at a later date.
The former president died in hospital in the early hours of Tuesday morning surrounded by his family, Kenyatta said.
He had been hospitalized in October for breathing problems but was discharged after a few weeks.

An autocratic rule

Daniel Arap Moi was Kenya's second President since independence and went on to rule the East African Republic from 1978 to 2002.
Born on September 2nd 1924 in Baringo County, Moi became the oldest living former Kenyan president, and his wily grasp of power earned him the nickname "Professor of Politics" amongst Kenyans.
His 24 years in power encompassed one party rule through the Kenyan African National Union, the party he controlled, and finally the reintroduction of democracy and multiparty politics, which culminated in his victory in the 1992 Presidential elections.
Educated at missionary and government schools, Moi became a teacher, as Kenya was moving towards independence from British rule.
He became the Minister of Home Affairs and President Jomo Kenyatta later named him Vice President in 1967.
Moi became Kenya's new leader after Kenyatta's death in 1978 heralding an era of autocratic and at times dictatorial rule.

Quashing rebellion

He toured the country and came into contact with ordinary people, boosting his popularity. Four years after coming to power, a coup was attempted by some members of the air force which Moi successfully crushed. His reaction was to send out military and police forces to quash the rebellion.
As a result, Moi's rule became more hardnosed -- he dismissed political opponents and reduced the influence of his predecessor Kenyatta's men in cabinet. He issued pardons for all except the main conspirators -- whom he sentenced to hang.
He went further to change the constitution and made his KANU party the only legally permitted political entity, triggering the wrath of many Kenyans who sought democracy.
The Moi regime then began to make more use of the secret police, who penetrated opposition groups agitating for democratic reforms.
Pressure from Western backers forced Moi back onto the democratic path in 1990 and he was compelled to allow opposition parties on to the ballot before the 1992 general elections, Kenya's first multi-party elections, which Moi won, despite allegations of electoral fraud by his party.

A violent time

Writers, artists trade unionists and even preachers agitating for a more diverse political atmosphere clashed with Moi's hard-line stance on dissent and single party rule.
One was the Reverend Timothy Njoya, 66, now a retired Presbyterian Church of East Africa Minister, who holds a Doctor of Philosophy degree from Princeton University.
As Moi's one-party state entrenched itself, Njoya was among those who chose to speak out against it, using his pulpit to urge civil disobedience to force the government to change the constitution, even demonstrating in the streets.
Speaking to CNN, Njoya recalled: "I was arrested so many times - one time in Nyeri the other time in Naivasha, again in Moro Rift Valley; then another time in Nairobi for saying that Kenyans should not pay taxes."
It was a violent time, full of overbearing state security operatives and deaths on the streets in various protests. And people like Njoya paid a heavy price. First, he was defrocked at Moi's insistence in 1997 and lost his collar. Then he almost lost his life too.
"I was almost killed at All Saints Cathedral. They left me for dead and I was being taken to the mortuary until a doctor insisted I should be taken to the Intensive Care Unit at Nairobi Hospital. I had a broken skull which was a centimetre from touching the brain. I had a fractured wrist. All four fingers on one hand were broken. I had to go to Canada for treatment. According to the doctor I had 52 injuries on my body including many broken ribs."
Two years later Njoya says Moi sent his henchmen after him again.
"That time they left me for dead again. They had used 'pangas', you know those long knives. I lost three of my fingers, but they were sewn back by the doctors. But emerging from hospital I went back on the streets because I couldn't disappoint the people."

Widespread influence

By now Moi's Kenya was firmly on the geopolitical map, particularly after jihadist terrorists blew up the US Embassy in Nairobi and the West sought to coopt him in the fight against terrorism when Bill Clinton was in the White House.
As a statesman Moi had widespread influence in cementing East African countries like Uganda, Tanzania into a coherent trading block. On the 14th of March 1996, full East African Cooperation efforts began and in July 1999 the new East African Community was born.
He also rallied to the cause of anti-apartheid in Southern Africa, sending Kenyan soldiers into pre-independence Zimbabwe as peacekeepers during the ceasefire there in 1979.
While he was the Chairman of the Organisation of African Unity, Moi was involved in securing peace in Chad. In Sudan, Moi chaired the talks that led to a referendum which ended a three-decade war in South Sudan and the creation of a new nation on the 9th of July 2011.
With 24 years at the helm of Kenya's government, Moi had a massive impact in shaping Kenya's politics and governmental structures. Subsequent presidents, Kibaki and Kenyatta, can be said to have been appointed by the elder statesman.
He appointed Kibaki as his Vice President and paved the way for him to later lead Kenya. He then plucked a largely unknown and untested Uhuru Kenyatta from relative obscurity and pushed him to the forefront of Kenyan politics.

A mixed and controversial legacy

As a former teacher, Moi's legacy also included a wide expansion of higher education. It was during the Moi era that the university sector grew starting with the opening of Kenya's second university in Eldoret, a town in the north.
A clutch of new universities were soon opening up, including private educational institutions run by Methodists. Today Kenya has more than 60 universities and public university colleges.
Daniel Arap Moi's life touched many Kenyans during a mixed and controversial 24 years - the longest rule of any leader in this powerhouse of East Africa.
Despite their differences Reverend Timothy Njoya says "Moi is the best President that ever lived," Njoya told CNN.
"Even if we had fought and died for multiparty democracy, he was the one who declared it. We were the ones who wanted a new constitution and he was the one who declared it. Admission to a mistake is the greatest thing in humanity. Future leaders can learn to admit when they are wrong."

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2020-02-04 09:10:00Z
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Coronavirus: First death outside China reported in Philippines - BBC News - BBC News

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2020-02-04 08:17:48Z
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Coronavirus Cases Rise Above 20,000 in China as Hong Kong Reports First Death - The Wall Street Journal

Nurses put on protective gear in Beijing Ditan Hospital. Photo: Peng Ziyang/Zuma Press

Macau moved to shut its casinos and China injected more cash into its banking system on Tuesday, as the number of confirmed cases of the coronavirus rose above 20,000 and Hong Kong reported its first death from the quickly spreading pathogen.

Gambling center Macau, whose casinos rack up revenues that are more than six times that of the Las Vegas Strip, is closing casinos for two weeks because of the coronavirus, Chief Executive Ho Iat-seng said Tuesday.

The announcement came after Hong Kong recorded its first death from the coronavirus, a 39-year-old male who had been to Wuhan, the Chinese city where the outbreak began, in January. It was the second coronavirus death outside mainland China, following the death in the Philippines of a 44-year-old man from Wuhan on Saturday.

Hong Kong Chief Executive Carrie Lam has faced calls from some politicians and medical professionals in the city to fully close the border with the mainland. The city, which has 15 confirmed cases of the coronavirus, is set to shut some of its busiest checkpoints with mainland China late Tuesday night, tightening the border for a second time since the outbreak began.

Meantime, India said it had banned all Chinese citizens and others who had recently been in the virus-stricken country, from entering the country.

China has rushed to build two makeshift hospitals in the epicenter of the coronavirus outbreak. As the first facility is completed, footage from state media shows what it looks like. Photo: str/Agence France-Presse/Getty Images

The United Arab Emirates joined several other Middle Eastern countries in restricting travel to China. Flights, except those going to Beijing, will be suspended indefinitely starting Wednesday, the aviation authority there said Monday.

The number of confirmed coronavirus cases in mainland China rose to 20,438, while the death toll reached 425, according to the latest data from China’s official National Health Commission.

Chinese stock markets steadied Tuesday, after plunging on the first day of trading after the Lunar New Year holiday, despite liquidity injections from the central bank and vows to support financial institutions. The People’s Bank of China injected a further 500 billion yuan ($71.2 billion) of liquidity via reverse repurchase agreements into the financial system Tuesday, adding to the 1.2 trillion yuan injected Monday.

Write to Stephanie Yang at stephanie.yang@wsj.com

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2020-02-04 07:02:00Z
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Senin, 03 Februari 2020

Coronavirus hammers Chinese stocks as economic toll mounts - NBCNews.com

Most Asian indices plunged on Monday as worry about economic impact of the coronavirus escalated.

In China, the Shanghai composite dropped by more than 7 percent on its first trading day following the Chinese Lunar New Year, and the Shenzen composite fell by more than 8 percent.

Market observers said it is unlikely that U.S. stocks will record a similar plunge, but added that the recent spate of volatility should serve as a wake-up call to investors lulled into complacency by the market’s recent meteoric rise.

“Their market is just catching up to the rest of the world because they’ve been closed for a week,” Mitchell Goldberg, president of ClientFirst Strategy, said of the Chinese selloff. “It’s just that it’s all happening in one day.”

Feb. 3, 202001:44

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China’s economy already was on the ropes as a result of its trade war with the U.S. Profits fell in its industrial sector in 2019 for the first time in four years, and economists warn that the virus likely could push the country’s GDP growth below 6 percent.

“The expectation is that most of the global economic hit will be reflected in China. For 2020, China is expected to show only a 5.7 percent growth in GDP,” said Sam Stovall, chief investment strategist at CFRA Research.

While experts say a broad-based selloff is unlikely in the U.S. market, certain sectors are struggling as the coronavirus — which has sickened more than 17,000 people — continues to gain traction: Airlines, which have curtailed flights to China and lost that business, are the most visible casualties. Energy stocks are sagging on the expectation that the travel and work stoppages virtually sealing off China from the rest of the world will crimp demand, and expectations for a key profit metric for financial companies have slipped.

“The thought is, with energy, if we have reduced economic growth for 2020, that would drive down demand for energy,” Stovall said. “With interest rates coming down so dramatically, that would reduce net interest income banks can receive,” he said.

Investing experts say the biggest variable is one that still is, and likely will remain, an unknown for some time to come: How far and for how long the virus ultimately will spread.

National and global health organizations have expressed concern that containment measures put into place by countries, including the U.S., will have limited effectiveness if the illness can be transmitted before people start showing symptoms, as scientists suspect is the case.

“If this doesn’t last for a long time, then I think investors expect a rebound in demand and the stock market,” Goldberg said. “If this goes on for a few more weeks, you can basically kiss the entire first quarter good-bye and then earnings estimates and global GDP would be on the chopping block. If you expect that to happen, then a selloff is justified,” he said.

China’s position at the epicenter of global trade raises the complicating factor, and the stakes, for U.S. businesses, said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics.

“Normally, you’d say that the spillover would come from a slowdown in Chinese growth but this time the bigger and more immediate impact is to supply chains,” he said. “China is the biggest trading nation in the world, the assembly line of the global economy.”

While countries might be able to source products or components from other countries, China’s dominance in sectors like electronics and inputs containing rare-earth could leave manufacturers outside of China scrambling.

“This is a very interdependent global economy,” Kirkegaard said. “The clock is ticking.”

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2020-02-03 19:32:00Z
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Turkey Launches Strikes on Syria After Military Personnel Are Killed - The Wall Street Journal

Smoke plumes billow over the village of al-Nayrab in northwest Syria Monday during a bombardment by Syrian government forces. Photo: omar haj kadour/Agence France-Presse/Getty Images

Turkey has launched ground and air attacks on Syrian troops after eight military personnel were shelled and killed in the north of the war-torn country, jeopardizing the Turkish leader President Recep Tayyip Erdogan’s fragile security pact with Syria’s main ally, Russia.

“Those who test the determination of Turkey with such cowardly attacks will understand they are making a grave mistake,” Mr. Erdogan told Turkish television in Istanbul before flying out on a scheduled visit to Ukraine.

The Turkish soldiers killed Monday were in Idlib province, in Syria’s northwest, near the border with Turkey, where Ankara has stationed troops at 12 observation posts. Mr. Erdogan’s government forged a cease-fire agreement with Russia in September 2018 in a bid to prevent a military offensive that could send more than three million civilians there streaming across the border to Turkey. Turkey already hosts millions of Syrian refugees and the government is trying to send many of them back.

But the deal, known as the Sochi pact, has gradually fallen apart as government forces resumed attacks on the rebel-held towns and villages near the Turkish border, backed by Russian airstrikes.

Russia has complained that Turkey has failed to push extremists out of a designated area in Idlib, including some previously affiliated with al Qaeda. Moscow’s air support has been pivotal in helping the Syrian armed forces seize control of rebel-held areas including most recently Maraat al-Numan, a strategic city on the Aleppo-Damascus highway and until recently a symbol of the antigovernment opposition.

Turkey’s strikes Monday, though, mark a rare confrontation between Turkey and the Syrian regime, although it has been in direct conflict with other parties in the country’s civil war. They came three months after Turkish forces launched a cross-border offensive in northeastern Syria to seize control of territories held by Kurdish militias that Ankara regards as a terrorist threat, and Mr. Erdogan vowed to continue operations “to ensure the safety of our country, our nation, and our brothers in Idlib.”

Although Syrian authorities said they hadn’t suffered any casualties, the incident could test the limits of Turkey’s strategy of working with Russia while at the same time supporting rebels fighting against Syrian President Bashar al-Assad.

Russia’s foreign minister, Sergei Lavrov, and his Turkish counterpart, Mevlut Cavusoglu, spoke on Monday about the situation in Syria, with Russia emphasizing the need to get rid of “terrorist elements,” the Russian Foreign Ministry said, in reference to an agreement between the two countries in 2018.

Beyond Idlib, Russia has pledged to help Turkey push Syrian Kurdish militias, whom Ankara regards as a terrorist threat, away from the border in northeastern Syria.

In an attempt to force the Assad regime to ease off its campaign in Idlib province, rebel forces last week began attacks on the city of Aleppo, which has been under government control since late 2016.

The strategy risks opening a new front, however. Turkish-backed rebels control the area north of Aleppo and until now have been protected by a de facto no-fly zone. Government strikes there could cause residents to flee toward the Turkish border, adding to the roughly 400,000 people who have already been displaced in Idlib over the past two months.

Turkish military vehicles pass through northern Syria toward Idlib province Monday. Photo: aaref watad/Agence France-Presse/Getty Images

Already there have been numerous attempts to cross into Turkey, despite intensive border patrols on the Turkish side of the border. Syrian activists on Sunday launched a campaign they dubbed “From Idlib to Berlin,” calling for a wave of migrants to make their way into Europe to seek asylum.

Asked by reporters about the situation in Idlib, Mr. Erdogan said: “[It] came to an insurmountable point.”

Write to David Gauthier-Villars at David.Gauthier-Villars@wsj.com and Raja Abdulrahim at raja.abdulrahim@wsj.com

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2020-02-03 16:40:00Z
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