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Kashmir: Fire across LoC ‘kills 3 Pakistani, 5 Indian troops’

Kashmir: Fire across LoC ‘kills 3 Pakistani, 5 Indian troops’
Indian soldiers patrolling near the LoC on Tuesday [Channi Anand/AP Photo]
Indian troopers patrolling close to the LoC on Tuesday [Channi Anand/AP Photo]

Pakistan‘s military has stated at least three Pakistani and 5 Indian troopers have been killed after a cross-border alternate of fireside within the disputed area of Kashmir.

Main Normal Asif Ghafoor, the chief spokesman of the Pakistan armed forces, stated in a Twitter put up on Thursday that Indian forces had elevated firing alongside the contested border, often known as the Line of Management (LoC).

“Intermittent alternate of fireside continues,” Ghafoor tweeted.

Afterward Thursday, Indian information company ANI wrote on Twitter that India‘s military had denied the Pakistani military’s assertion that 5 Indian troopers have been killed in “ceasefire violations” alongside the heavily-militarised LoC dividing Pakistan- and Indian-administered Kashmir.

Native police in Pakistan-administered Kashmir instructed Al Jazeera two civilians have been additionally killed on Thursday.

The developments come throughout a interval of accelerating tensions between India and Pakistan after New Delhi’s Hindu nationalist authorities final week revoked particular standing for Indian-administered Kashmir, a Muslim-majority state. 

The nuclear-armed neighbours have fought two of their three wars over the disputed territory of Kashmir.

“Tensions stay excessive on this border,” stated Al Jazeera’s Osama Bin Javaid, reporting from Muzaffarabad in Pakistan-administered Kashmir.

“We have have been visiting a few of these villages, the place individuals have been telling us it is rather troublesome for regular life to proceed there as a result of they stay underneath fixed concern.”

Extra to observe…

SOURCE:
Al Jazeera and information companies

Dow opens flat, holding most of Wednesday’s steep losses

Dow opens flat, holding most of Wednesday’s steep losses

U.S. stock markets opened largely flat on Thursday, in essence holding most of Wednesday’s steep losses.

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The Dow Jones Industrial Common was buying and selling sideways in early commerce, up 0.063% to 25,495.35 shortly after the open, after struggling the largest losses of the yr on Wednesday on recession cues from the bond market.

Equally, the tech-heavy NASDAQ, was up 0.14% to 7,784.47. The S&P 500 traded 0.19% increased at 2,845.99.

PHOTO: Traders Patrick Casey, left, and Jonathan Corpina, center, work with specialist Jay Woods on the floor of the New York Stock Exchange, Aug. 14, 2019.Richard Drew/AP
Merchants Patrick Casey, left, and Jonathan Corpina, heart, work with specialist Jay Woods on the ground of the New York Inventory Alternate, Aug. 14, 2019.

On Wednesday, the yield on 10-year U.S. Treasury notes dipped beneath the yield of two-year U.S. notes, leading to an “inverted yield curve.”

“Proper now, it is costlier for the federal government to borrow cash for the shorter time period than long run,” Michael Matousek, head dealer at U.S. World Buyers instructed ABC Information.

Merchants pointed to new rhetoric from China that may very well be interpreted as optimistic for commerce talks.

“China holds a constant and clear place on China-US commerce talks,” China’s International Ministry spokesperson Hua Chunying’s stated in an announcement early Thursday. “We hope the US can work in live performance with China to implement the 2 Presidents’ consensus that was reached in Osaka, and to work out a mutually acceptable resolution by way of equal-footed dialogue and session with mutual respect.”

Nevertheless, merchants stored a detailed on the bond market. The 30-year Treasury yield dipped beneath 2%, for the primary time on report early Thursday, Matousek stated, igniting pessimism in regards to the market.

WeWork Shows Revenue Growth, Cash Burn in IPO Filing

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Hong Kong pro-democracy demonstrators apologise for airport chaos

Hong Kong pro-democracy demonstrators apologise for airport chaos

Police in Hong Kong criticize pro-democracy activists for detaining two folks

Police in Hong Kong have strongly criticised pro-democracy activists for detaining two folks throughout protests on the territory’s airport. We converse Joshua Wong one of many pro-democracy demonstrators.

Additionally within the programme: The Pakistani prime minister, Imran Khan, says the United Nations could be accountable if an armed battle broke out with India over Kashmir. And we’ve got a particular report from our correspondent within the Italian Island of Lampedusa.

(Picture: Professional-democracy activists in Hong Kong airport. Credit score: Reuters)

‘Hong Kong is not safe any more’: Millions affected by crisis

‘Hong Kong is not safe any more’: Millions affected by crisis

Hundreds of thousands of individuals have been affected by the protests in Hong Kong. However it isn’t restricted to these contained in the territory.

The results of the continuing protests are spreading throughout the border, significantly to 1 metropolis simply subsequent to Hong Kong, contained in the border of mainland China.

Al Jazeera’s Scott Heidler stories from Shenzhen.

Stocks slide after bond market warns again of recession

Shares sank Wednesday after the bond market threw up one in every of its final remaining warning flags on the economic system.

The yield on the 10-year Treasury briefly dropped under the two-year Treasury’s yield Wednesday morning. It is uncommon for short-term yields to rise above longer-term ones, and when it occurs, market watchers name it “an inverted yield curve” and brace for the opportunity of a recession hitting in a yr or two.

The Dow Jones Industrial Common dropped as a lot as 475 factors within the first jiffy of buying and selling earlier than recouping a few of its losses.

Weak financial knowledge all over the world additionally unnerved traders, who flipped again into promoting mode after driving a rally Tuesday on hopeful alerts that the U.S.-China commerce conflict is probably not worsening a lot.

Germany, Europe’s largest economic system, shrank 0.1% within the spring from the primary three months of the yr as a result of world commerce conflict and troubles within the auto business. Knowledge from China additionally confirmed that manufacturing unit output, retail spending and funding weakened in July for the world’s second-largest economic system.

“The unhealthy information for world economies is stacking up a lot sooner than most economists thought, so making an attempt to maintain up is exhausting,” Kevin Giddis, head of mounted earnings capital markets at Raymond James, wrote in a report.

The S&P 500 fell 1.7%, as of 10 a.m. Japanese time, giving again all the prior day’s leap after the U.S. delayed a few of the tariffs threatened on Chinese language imports. The Dow misplaced 435 factors, or 1.7%, to 25,841, and the Nasdaq composite misplaced 1.9%.

“The reduction rally impressed by the Trump administration delaying tariffs on some Chinese language imports was brief lived – blink and also you missed it,” stated Fiona Cincotta, senior market analyst at Metropolis Index.

A lot of the market’s focus was on the U.S. yield curve, which has traditionally been one of many extra dependable recession indicators.

If all this speak about yield curves sounds acquainted, it ought to. Different elements of the curve have already inverted, starting late final yr. However every time, some market watchers cautioned to not make an excessive amount of of it. Teachers are likely to pay probably the most consideration to the unfold between the three-month Treasury and the 10-year Treasury, which inverted within the spring. Merchants typically pay extra consideration to the two-year and 10-year unfold.

Every of the final 5 occasions the two-year and 10-year Treasury yields have inverted, a recession has adopted. The typical period of time is round 22 months, in accordance with Raymond James’ Giddis.

The indicator is not good, although, and it is given false alerts up to now. Some market watchers additionally say the yield curve could also be a much less dependable indicator this time as a result of technical components could also be distorting longer-term yields, comparable to damaging bond yields overseas and the Federal Reserve’s holdings of $3.eight trillion in Treasurys and different investments on its steadiness sheet.

Macy’s plunged 17.9%, the sharpest loss within the S&P 500, after it slashed its revenue forecast for the yr. The retailer’s revenue for the most recent quarter fell in need of analysts’ forecasts because it lower costs on unsold objects.

Vitality shares additionally sank sharply, harm by one other drop within the value of crude oil on worries {that a} weakening world economic system will drag down demand. Nationwide Oilwell Varco misplaced 5.3%, and Schlumberger fell 5.2%. The value of benchmark U.S. crude slid $1.94, or 3.4%, to $55.16 per barrel. Brent crude, the worldwide customary, misplaced $1.87 to $59.43.

In abroad markets, Germany‘s DAX dropped 2% following the weak German financial knowledge. France’s CAC 40 fell 1.9%, and the FTSE 100 in London misplaced 1.4%.

In Asia, Japan’s Nikkei 225 rose 1%, the Kospi in South Korea gained 0.7% and the Hold Seng in Hong Kong added 0.1%.

Markets have largely been in a spin cycle since Trump introduced on Aug. 1 that he would impose 10% tariffs on about $300 billion in Chinese language imports, which might be on high of 25% tariffs already in place on $250 billion in imports.

On Tuesday, responding to stress from companies and rising fears {that a} commerce conflict is threatening the U.S. economic system, the Trump administration is delaying a lot of the import taxes it deliberate to impose on Chinese language items and is dropping others altogether.

Buyers are nonetheless fearful that the commerce conflict between the world’s two largest economies could drag on by way of the 2020 U.S. election and trigger extra financial harm.

For all its whipsawing up and down, the S&P 500 stays inside 5% of its report, which was set in late July.

———

AP Author Pan Pylas contributed from London, and AP Enterprise Author Damian J. Troise contributed from New York.

Markets, Trading Volume Zoom On Good China Trade News (Radio)

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Villages evacuated as wildfire rages on Greek island of Evia

Villages evacuated as wildfire rages on Greek island of Evia

A significant wildfire on the Greek island of Evia has compelled the evacuation of a minimum of two villages and a monastery as smoke from the wind-fanned blaze blanketed the capital, Athens, additional south.

Authorities on Tuesday evacuated some 500 residents from the villages of Kontodespoti and Makrimalli because the flames neared properties, officers mentioned.

The monastery of Panagia Makrymallis was evacuated first as a precaution.

“There are flames throughout and it is troublesome to breathe … home yards are on fireplace,” Yiorgos Psathas, Dirfys-Messapia mayor, advised state broadcaster ERT.

“We are going to order extra evacuations if the necessity arises,” he added.

Greater than 200 firefighters have been battling the blaze backed by 75 fireplace vehicles, 5 water-bombing helicopters and 6 planes. The crews face rugged terrain, hills and poor visibility complicating air operations.

“The flames are 20-30 metres excessive…you may’t even see the solar,” Panos Agiannitis, a volunteer firefighter on the scene, advised Athens municipal radio.

“I feared for my life … you can really feel the warmth 250 metres away,” he mentioned. “The one approach for this fireplace to be extinguished is when there’s nothing left to burn.”

No fatalities had been reported and the winds have been anticipated to subside within the night.

Kyriakos Mitsotakis, Greece‘s lately elected prime minister, returned to Athens after chopping quick a trip on his house island of Crete.

Acropolis hill with the Parthenon temple is covered with smoke from a wildfire burning the Island of Evia. in Athens

Athens’ Acropolis hill with the Parthenon temple is roofed by smoke from a wildfire burning on the island of Evia [Costas Baltas/Reuters]

The hearth on Greece’s second largest island, situated some 110km northeast of Athens, began at about 3am native time (00:00 GMT) along side a highway and was shortly unfold by sturdy winds via the dry vegetation, the semi-official information company ANA mentioned.

The winds blew the smoke from the blazing pine forest north towards the Magnesia area and south to the Attica peninsula and Athens.

ANA mentioned the pine forests on Evia are a part of the “Natura 2000” European community of protected areas and habitats.

Greece has been hit by a spate of wildfires because the weekend amid gale-force winds and temperatures of 40 levels Celsius.

On Monday, a significant forest fireplace threatening properties in Peania, an jap suburb of Athens, was introduced underneath management. At the very least two homes have been burned however there have been no stories of accidents.

On Sunday, a fireplace on the small island of Elafonissos, within the Peloponnese area, was introduced underneath management after a two-day battle.

Two extra fires have been doused on Saturday in Marathon, near Mati, the coastal resort the place in July final 12 months 102 folks died in Greece’s worst fire disaster.

 Flames rise behind a farm as a wildfire burns near the village of Psachna, on the island of Evia

Flames rise behind a farm as a wildfire burns close to the village of Psachna on Evia [Costas Baltas/Reuters]

US delays tariffs on some Chinese goods, drops others

America is delaying tariffs on Chinese language-made cellphones, laptop computer computer systems and different gadgets and eradicating different Chinese language imports from its goal checklist altogether in a transfer that triggered a rally on Wall Road.

The Workplace of the U.S. Commerce Consultant stated Tuesday that it’s nonetheless planning to go forward with 10% tariffs on about $300 billion in Chinese language imports, extending the import taxes on nearly the whole lot China ships to the USA in a dispute over Beijing’s aggressive commerce insurance policies. A lot of the levies are scheduled to kick in Sept. 1.

However the company says it will delay the tariffs to Dec. 15 on some items, together with cellphones, laptop computer computer systems, online game consoles, some toys, pc screens, footwear and clothes. And it is eradicating different gadgets from the checklist based mostly “on well being, security, nationwide safety and different elements.”

The information despatched the Dow Jones Industrial Common up greater than 460 factors in midmorning buying and selling. Shares of Apple, Mattel and shoe model Steve Madden shot up on the information.

Individually, China’s Ministry of Commerce reported that prime Chinese language negotiators spoke by telephone with their U.S. counterparts, Commerce Consultant Robert Lighthizer and Treasury Secretary Steven Mnuchin, and plan to speak once more in two weeks.

Collectively, the developments revived optimism that the world’s two largest economies could make progress towards resolving a commerce dispute that has rattled monetary markets for greater than a yr and clouded prospects for the worldwide economic system.

The U.S. and China are combating over American allegations that Beijing steals commerce secrets and techniques and forces international corporations handy over know-how. The techniques are a part of China’s drive to develop into a world chief in superior applied sciences equivalent to synthetic intelligence and electrical vehicles.