US
officials monitor health of Cuba's Fidel Castro
WASHINGTON, Aug 2: US officials,
closely monitoring the developments in Cuba, have
reacted with caution regarding reports that
long-time Cuban leader Fidel Castro is seriously
ill.
An
ailing President Fidel Castro has temporarily
ceded power to his brother Raul, the country's
defence minister. The State Department and the
White House say that the US hope, eventually, is
for a transition to democracy on the
communist-run island.
Fidel
Castro has been a major political irritant to the
United States for decades. But the Bush
administration is, at least publicly, taking a
low-key approach to the Cuban leader's latest
health crisis.
At
his daily press briefing August 1, White House
Press Secretary Tony Snow reiterated the US
determination to help communist-ruled Cuba make
the transition to a free, open and democratic
society.
Snow
said Castro's reported temporary handover of
power to his brother, Cuban Defence Minister Raul
Castro, after the dictator underwent intestinal
surgery ''is not a change in status'' regarding
the nature of the Cuban government. With that in
mind, the United States has no plans to ''reach
out" to Raul Castro'', said Snow.
The
Press Secretary described Raul Castro's attempt
''to impose himself on the Cuban people'' as much
the same as what his brother did'' in ruling the
one-party state. Raul Castro was ''no more
elected'' to lead Cuba than his brother, Snow
said.
Snow
said the US government does not know the state of
Fidel Castro's health, and added that officials
have no reason to believe that the Cuban dictator
is dead.
At
the State Department, spokesman Sean McCormack
said that while he could not comment on the
extent of Castro's illness, the Cuban dictator's
incapacitation or death would be a ''significant
event'' for the people of Cuba.
If
there were a change in leadership in Cuba, the
United States would ''do everything that we can
to stand by the Cuban people in their aspirations
for a democracy,''McCormack said.
US
policy toward Cuba is clear, said McCormack. ''We
fully support a democratic, free, prosperous Cuba
in which the Cuban people have the opportunity
to, through the ballot box, choose who will lead
them, not have their leaders imposed upon them,''
he said.
''The
one thing we want to do is to continue to assure
the people of Cuba that we stand ready to help,''
Snow said at the White House.
He
said the Bush administration's Commission for
Assistance to a Free Cuba, co-chaired by
Secretary of State Condoleezza Rice and Commerce
Secretary Carlos Gutierrez, in July released its
second report to the president on ways the United
States can assist the people of Cuba now and
provides for among other things the dissemination
of uncensored information to Cubans via
broadcasting and the Internet.
The
commission promised extensive US financial and
logistical help to a transitional government on
the island if it committed to democracy and asked
for American help.
Three
weeks ago, President Bush approved an 80 million
dollar two-year program to bolster
non-governmental groups in Cuba with the aim of
hastening the end of the 47-year-old Castro
dictatorship and to help Cubans ''prepare for
when they will recover their sovereignty and can
select a Government of their choosing through
free and fair multi-party elections.''
(UNI)
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Arcelor's
profit falls on higher iron ore costs, price
slump
LONDON,
Aug 2: Arcelor,
which is being bought by larger rival Mittal
Steel, reported a decline in second-quarter
profit on rising iron-ore costs and lower prices.
Arcelor's net
income fell to 653 million euros (837 million
dollar) from one billion euros a year earlier,
the Luxembourg-based company said today.
Prices for iron
ore, a key ingredient in steelmaking, have risen
19 percent this year as mine production lags
behind demand. Mittal is buying Arcelor for 38.3
billion dollar partly to bolster bargaining power
with ore suppliers such as Brazil's Cia. Vale do
Rio Doce and customers such as Ford Motor.
Shares of Arcelor
have risen 89 percent since Mittal announced the
unsolicited bid for its main rival Jan. 27.
Arcelor and Mittal together will control 10
percent of the global steel industry, forcing
rivals to merge with each other to catch up.
The new company,
called ArcelorMittal, was rated ``outperform'' by
Credit Suisse analyst Michael Shillaker
yesterday.
Steel prices have
declined from a record in early 2005 on growing
self-sufficiency from China, the largest producer
and consumer of steel, and as customers turn to
stockpiles.
Arcelor acquired
Canadian steelmaker Dofasco Inc. For 5.2 billion
dollar in April, giving it 10 percent of the
North American automotive steel market and
lessening its dependence on Europe, where it
produces two-thirds of its steel.
Mittal is still
negotiating with Arcelor over a pre- arranged
sale of Dofasco to rival ThyssenKrupp. Mittal has
indicated it may sell another of its U.S. Steel
mills to ThyssenKrupp if Arcelor refuses to allow
the sale. (AGENCIES)
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Malaysia's
Indian Congress turns 60
KUALA LUMPUR, Aug 2: Malaysia Indian
Congress (MIC), the largest Indian-based
political party in the country, turned 60
today.
MIC,
touted to be one of the oldest political
parties in Malaysia, was formed on August
2, 1946 in a bid to end the British
colonial rule and the need for Indian
representation in the government during
the post-war era.
The
current president is S. Samy Vellu, who
is also the Work Minister. Samy Vellu
said the MIC's prime objective was to
protect and preserve Indians' interests
and well-being.
Indians,
mainly from Tamil Nadu, were brought to
Malaysia by the British to work in rubber
plantations, build roads and the
railways. Though several returned to
India, thousands stayed back and today
ethnic Indians comprise seven per cent of
the population.
MIC's
founder, John A. Thivy, became the first
president at a time when the party was
committed to fighting for independence
and democracy, national news agency
Bernama reported.
The baton
of leadership was later passed on to Budh
Singh who helmed the party from 1947 to
1950.
After
realising the futility of non-cooperation
with the government the MIC in 1954,
under the tenure of fourth president K.L.
Devaser, became the third partner of the
ruling alliance comprising the Malay Umno
and Malaysian Chinese Association.
The third
phase of the party's history started
under the leadership of V. T. Sambanthan
from 1955 to 1973. The party's finest
hour was on the country's independence
day on Aug 31, 1957, when the Merdeka
(independence) Agreement was signed with
Sambanthan as a signatory, Bernama said.
(PTI)
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Malaysia's
Maybank buys Amex's card business
KUALA LUMPUR, Aug 2: Malaysia's
Maybank has bought American Express'
(Amex) entire charge card business in the
country for 80 million ringett to
consolidate its position as this
southeast Asian nation's top lender.
With the
purchase, Maybank now is Malaysia's top
credit and charge card issuer commanding
a qaurter of the market share, roping 1.3
million card members and upto 45,000
merchants, a media report said.
''The
credit card and charge card businesses
are expected to register a growth of upto
20 percent in the next year, '' Maybank
president Amirsham Aziz said.
Amex will,
however, continue to operate its other
businesses in Malaysia, including travel
service network. travellers cheques and
global network services, the Business
Times said.
Kuala
Lumpur will remain the base for Amex
global service centre which provides card
and merchant services to Amex global
offices in ten countries. (PTI)
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Annan
urges members to take action to
stop Lebanon bloodshed
UNITED NATIONS, Aug 2: UN
Secretary-General Kofi Annan has urged
United States, Britain, Russia, France
and China, the permanent members of the
Security Council, to set aside their
differences and take action to stop
bloodshed and conflict in Lebanon which
has killed hundreds.
Officials
said Annan renewed his plea at a
breakfast meeting with the ambassadors of
the five who have veto and could block
moves by one another.
Annan
convened the meet as the deadly violence
continued unabated in the Middle East and
no official or adviser was present during
the discussions.
Later a UN
spokesperson said they focused on how
best to achieve cessation of hostilities,
effect a ceasefire and work out a
political framework for a settlement.
They also discussed the possible
composition, mandate and deployment of
stabilization force in Lebanon as also
humanitarian situ ation.
The aim of
the stabilization force would be to
enable the Lebanese government to extend
its authority over the entire country.
One of the causes of the current conflict
is that Hizbollah controlled southern
Lebanon and the Government was unable to
extend its authority over the area.
"The
Secretary-General was satisfied with the
outcome of this breakfast meeting and his
discussions with the P-5 (Permanent Five)
which permitted a clarification of the
critical issues on the table and a
discussion of the timelines," said a
senior official Ahmad Fawzi.(
The
participants, he said, had discussed
various concepts relating to a new force
for Lebanon, recalling that the
Secretary-General had strongly urged them
to agree on a common position.
Meanwhile,
the United Nations peacekeeping
department has convened a meeting of some
40 troop contributing countries to take
sense what each has to offer in case the
Security Council decided to mandate a UN
force in Lebanon which either replaces or
strengthens the current UN mission in the
country.
Replying
to questions, Fawzi reiterated the
Secretary-General's urgent appeal for a
cessation of hostilities. "There can
only be a political solution to this
crisis," he stressed. The parties
must "stop killing each other and
get to the negotiating table."
Given the
fact that military action will not
resolve the conflict, he said, "We
have appealed to the parties to stop
pulling the trigger and to start talking
about a longer-term, more comprehensive
solution." (PTI)
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Fears
of annual Indonesia bombing worries
experts
LYONS, JAKARTA, Aug 2: Security
experts with a wary eye on the calendar,
are bracing for a possible attack by
Indonesian militants which would fit a
pattern of yearly high-profile bombings
dating from the 2002 Bali blasts that
killed 202 people.
Three
other big attacks have taken place since
then, one each year and all between
August and mid-October.
''There is
no reason to think they will all of a
sudden stop,'' said Ken Conboy, a
security consultant in Jakarta who
closely monitors Indonesia's militants.
US-based
analyst Zachary Abuza agrees. ''We know
there is tremendous pressure on them to
pull off an attack by this fall,'' Abuza
said in a telephone interview from
Bangkok.
Proponents
of this view say such regular cycles are
dictated, in part, by the need for the
bombers to go to ground for six to eight
months after an attack, emerging just
long enough to plan and execute their
next operation.
But others
question whether the Jemaah Islamiah
network, blamed for the four earlier
bombings in Bali and the Indonesian
capital Jakarta, or any of its successor
factions, now have the capability or the
will to carry out a vigorous new strike.
Arrests,
deaths, and what appears to be a
''re-think'' among some militants about
the efficacy of violence in support of
their stated goal of an Islamic
superstate in southeast Asia, have all
taken their toll.
So, too,
has an apparent split within Jemaah
Islamiah, into a political wing under the
fiery preacher Abu Bakar Bashir and a
pro-bombing wing led by Noordin Top, who
remains at large. Arabinda Acharya, of
Singapore's International Centre for
Political Violence and Terrorism
Research, said Bashir, released in June
after serving time in jail for a role in
the 2002 Bali bombing, was taking more of
a political tack these days.
He said in
an e-mail exchange that the emergence of
what some are now calling JI Mainstream,
under Bashir, may pose a greater danger
than any would-be bombers on the loose.
''Although
JI mainstream places a high emphasis on
proselytising, they also provide military
training to their members.''
Most
senior figures were veterans of the same
US-backed campaign against the Soviets in
Afghanistan that gave birth to Osama bin
Laden's al Qaeda movement.
''Over
time, their consolidated strength will be
greater than the decentralised and ad hoc
(pro-bombing) factions.''
Meanwhile,
the experts agree, there is no shortage
of recruits prepared to carry out
attacks, including suicide missions.
Sporadic religious clashes in Indonesia
and an active radical movement provide
breeding grounds for new militants.
''Unfortunately,
the suicide volunteers is the easiest
part,'' said Conboy.
More
daunting is the expertise to construct
complex bombs. The death of Azahari bin
Husin in a shootout with Indonesian
police in 2005 deprived JI of a master
bomb-maker, one of the few figures with
the skill to wire and detonate powerful
car bombs.
Other
police operations in Indonesia and nearby
Malaysia have further reduced JI's
striking power, said Abuza. But this has
only spawned a new generation of
unidentified militants.
''The good
news is they are less capable as a
result. The bad news is no one has ever
heard of them,'' making detection by the
authorities that much more difficult.
Widodo Adi
Sucipto, Indonesia's chief security
minister, said on Tuesday more incidents
could be expected despite police
successes.
''There
have been significant results but we
still have to prepare because...
Terrorism exists and Indonesia has become
the target and the victim,'' he told
reporters. (AGENCIES)
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Australia
to host conf in bid to salvage Doha trade
talks
SYDNEY, Aug 2: The world's
largest trading powers will meet in
Australia next month in a bid to salvage
failed global free trade talks, the
government said today.
Trade
Minister Mark Vaile said he would propose
a compromise over farm aid in an effort
to break the deadlock between the
European Union and United States.
He said
the extended meeting of the 18-member
Cairns Group of agricultural exporters
would aim to "inject some
energy" into the Doha Round of
talks, which collapsed last week.
World
Trade Organization chief Pascal Lamy, US
trade negotiator Susan Schwab and US
Agriculture Secretary Mike Johanns had
indicated they would attend, Vaile said.
EU Trade Commissioner Peter Mandelson has
also been invited.
"The
round's not dead but it really is only
hanging by a thread," Vaile told ABC
radio.
Vaile's
office confirmed a report in The
Australian newspaper that Canberra was
proposing a compromise that would involve
the US cutting its farm subsidies by a
further 5.0 billion dollars and the EU
reducing its tariffs by a further 5.0
percent.
Australia
hopes that any movement by Brussels and
Washington could breathe new life into
the free trade negotiations, which opened
in the Qatari capital in 2001.
Vaile said
a global trade treaty would not be
reached by the December 2006 deadline but
any progress at the September 20-22
meeting could encourage the US Congress
to extend President George W. Bush's fast
track authority on international trade
deals. (AFP)
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Mittal posts
lower second-quarter profit as
steel prices fall
LONDON, Aug 2: Mittal
Steel, on the verge of buying
Arcelor to become the world's
biggest steelmaker, posted lower
second-quarter profit as steel
prices dropped.
Net income fell 6.4
percent to 1.02 billion dollar
from 1.09 billion dollar last
year, the Rotterdam-based company
said today.
``Costs are higher
and prices are not quite as high
as the second quarter of last
year,'' an analyst at BNP Paribas
in Paris, said in an interview
before the earnings.
Billionaire Lakshmi
Mittal, the steelmaker's founder
and controlling shareholder, is
buying Luxembourg's Arcelor for
38.3 billion dollar as he seeks
to improve bargaining power with
customers and reduce dependency
on iron supplies from other
companies.
Steel consumers such
as carmakers are using up
inventory after prices rose to a
record last year. The benchmark
price for supplies of iron ore, a
key ingredient for blast
furnaces, increased 19 percent
this year.
Shares of Mittal
closed yesterday in New York at
34.34 dollar. They have risen 30
percent this year, valuing the
company at 47.3 billion dollar.
Lakshmi Mittal owns
about 87 percent of the company's
stock, making him the world's
fifth-richest person, according
to Forbes magazine. His stake in
the new company will fall to less
than 50 percent after the Arcelor
acquisition completed.
Steel prices have
declined from a record in early
2005 as China, the largest
producer and consumer of steel,
becomes more self-sufficient and
cut imports. The average price of
hot-rolled coil steel, used in
washing machines and cars, fell
10 percent to 465 dollar a metric
ton in Europe in the second
quarter, compared with 520 dollar
a year earlier, according to
London-based publisher Metal
Bulletin.
Still, Mittal is
making more of the alloy. The
company in November acquired
Ukrainian steelmaker
Kryvorizhstal, boosting its
capacity of steel slab, an
intermediate product used to make
finished steel, and iron ore.
(AGENCIES)
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Losing
weight to be a cakewalk in future
HOUSTON, Aug 2: The fight against
obesity might not be a task in future if
the claims of scientists at a Californian
Institute of having developed an
anti-obesity vaccine proves right.
Scientists
at the Scripps Research Institute say
they have developed an anti-obesity
vaccine that significantly slows weight
gain by tackling the ghrelin, a naturally
occuring hormone that helps regulate
energy balance in the body.
The
vaccine was tried on rats, who ate
normally, and it was found to have
reduced the animal's body fat.
This
week's issue of the Proceedings of the
National Academy of Sciences reported
that the scientists have developed a way
to make the immune system produce
antibodies that attack ghrelin.
"We
have enabled the immune system to
recognise a molecule that it ordinarily
will not recognise," explained study
author Kim D Janda, a professor of
chemistry at Scripps.
"Mice
given shots of the vaccine ate just as
much as untreated mice but had
"about a 20 or 30 percent reduction
in weight gain," Janda said.
However,
the mice were fed low-fat, low-energy
diets. It's not certain that a ghrelin
vaccine would be effective against the
burger-rich, high-fat diet that many
Americans eat, the researchers noted.
A lot of
basic work must be done before the
Scripps obesity vaccine would be tried on
humans, Janda said. "We're going to
look at some different flavours of
antibodies, see how they work, and then
try them in animals," he said.
His best
guess is that a first human trial is
"about two years" away. The
Scripps group is looking to link up with
a major pharmaceutical company to help
develop a usable vaccine, Janda said.
However,
Scripps is not the only one to develop a
vaccine against ghrelin, the researchers
added. Cytos, a Swiss-based biotechnology
company, is already testing a different
vaccine in humans. The Cytos vaccine
works in a different way than the Scripps
vaccine, by preventing the uptake of
ghrelin by the brain. (PTI)
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Argentine
court OKs abortion for rape victim
BUENOS AIRES, ARGENTINA,
Aug 2: An Argentine court ruled to
grant an abortion to a mentally impaired
rape victim, four months pregnant, in a
case that has polarized this Roman
Catholic country where the procedure is
restricted.
Argentine
law prohibits abortion except when a
woman's life is in danger or a
''demented'' woman is raped. But two
lower courts denied this 19-year-old
woman's request, citing in part a
constitutional mandate to protect
children's rights.
Both
Argentina's health minister and its most
powerful governor publicly backed the
abortion, while Catholic groups decried
their support for a ''culture of death.''
The top
court in Buenos Aires province settled
the matter late on Monday, ruling that
the exceptions allowed by law do not
contradict the constitution and saying
the courts should have never interfered,
leading newspapers reported.
It was not
clear if the case would be appealed to
the nation's Supreme Court.
The case
revived debates in Argentina about
whether abortion should be banned
entirely or legalised.
Activists
who want the procedure decriminalized
rallied outside the court last week,
while a Catholic university rector
publicly offered to adopt the rape
victim's child.
Between
500,000 and 700,000 clandestine abortions
are practiced each year in Argentina,
according to the health ministry.
Abortion
is illegal in much of Latin America, home
to half the world's Catholics. Only Cuba
and Guyana have fully legalised the
procedure.
In
Colombia, a top court decided in May that
abortion was legal in cases of rape,
life-threatening complications for the
mother, and pregnancies in which the
fetus is deformed. In response, the
Catholic Church there threatened to
excommunicate anyone involved in
providing abortions.
In
Uruguay, which has a strong secular
streak, a bill legalizing the practice
was passed by the lower house but
defeated by the Senate in 2004. Congress
is debating the matter again, but the
president has vowed to veto any such
measure.
In Brazil,
the world's largest Catholic country, the
government sent a bill to Congress last
year to legalize abortion but later
distanced itself from the proposal.
(AGENCIES)
Mexico's
wealth divide keeps kids on street
PUEBLA, MEXICO, Aug 2: When night falls,
34-year-old Ernesto Portillo takes a bag
of toy cars, board games and sweets,
jumps on his moped and weaves through the
dark streets of the colonial Mexican city
of Puebla.
An
unconventional charity worker, his job is
to roam around trying to befriend the
scrawny kids as young as six who live
under the city's bridges and squat in
open-air market stalls.
In 10
years, Portillo has got some 200 kids off
the street and into care. He has also
been chased off, taunted by drunks,
called a pervert and threatened by a
terrified 11-year-old boy wielding a
rock.
''It's
difficult work. At the start I often
wanted to quit,'' Portillo said over a
coffee in Puebla's Zocalo square, where
grubby children sell candy and beg from
tourists.
''But I
get about 20 kids a year off the street.
It's a very emotional thing. I love it.
It's a passion.''
Charities
like JUCONI, which Portillo represents,
are working across the developing world,
from Nairobi to Rio de Janeiro to pull
children out of a life of violence, fear
and addiction to brain-damaging solvents.
But many
wonder what they are still doing in
Mexico, the world's 13th-biggest economy,
thanks to oil and tourism, a member of
the OECD club of industrialised nations
and boasting the highest per-capita
income in Latin America.
Half a
century after Spain's Luis Bunuel shot
his harrowing movie ''Los Olvidados''
(''The Forgotten Ones'') about delinquent
Mexican street kids, the country has
grown rich enough to be overlooked by
most philanthropists. But its yawning
wealth gap means gangs of children still
run wild and even die on the street.
Perpetuating
the problem are low tax rates that
translate into meagre funding for social
services, and weak job creation.
''Mexico
is considered rich enough not to need
foreign aid. The country should be
perfectly well off. We shouldn't have to
be doing this,'' said Miguel Angel de la
Vega, who helps run a shelter for street
kids on a farm outside Puebla.
''Chile
has hardly any street kids. Why does
Mexico? There's no reduction of poverty
here. Governments come and go and life
goes on the same.'' (AGENCIES)
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