Connect with us
donald trump donald trump

America

Trump heads to Europe for visit to Poland, G-20 summit

Published

on

Washington, July 5 : US President Donald Trump left Washington on Wednesday for Europe, where he will visit Poland and later attend the G-20 summit in Hamburg, Germany.

Trump is scheduled to meet with Russian President Vladimir Putin and Mexican President Enrique Peña Nieto in the German port city during the July 7-8 summit, Efe news reported.

Air Force One left Andrews Base in Maryland at 7.15 a.m. and Trump is expected to arrive in Polish capital Warsaw on Wednesday night.

First Lady Melania Trump is accompanying her husband on his second foreign trip since being inaugurated on January 20.

Trump’s European tour starts as tensions with North Korea continue to rise following Pyongyang’s test of an intercontinental ballistic missile (ICBM) with a range that, according to experts, could allow it to strike Alaska.

While Russia and China have called for restraint and renewed negotiations with North Korea, South Korea and the US reacted with a joint military drill.

In Hamburg, Trump is also scheduled to meet German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, British Premier Theresa May, Chinese President Xi Jinping, South Korean President Moon Jae-in, among other leaders.

America

Six shot in Florida, suspect on run

All six victims were adults, Xinhua news agency quoted deputies as saying.

Published

on

shooting in Jacksonville, Florida
Picture Credit : @abc3340

Washington, Oct 22 : Six people were shot, leaving three of them in critical condition, in Jacksonville in the US state of Florida, police said Sunday.

All six victims were adults, Xinhua news agency quoted deputies as saying.

Local reports said the incident took place blocks away from where Jacksonville Jaguars were playing against Houston Texans at TIAA Bank Field, the Jaguars stadium.

Continue Reading

America

Saudi Arabia to hit back if US imposes sanctions

“The kingdom also affirms that if it receives any action, it will respond with greater action,” the report added.

Published

on

Donald Trump Saudi Prince

Riyadh, Oct 14 : Saudi Arabia threatened on Sunday to hit back if the US were to impose sanctions on Riyadh in the wake of the disappearance of a Saudi journalist, according to the state-run SPA news agency.

US President Donald Trump had warned on Saturday that his administration could severely punish Saudi Arabia, a key US ally, if the kingdom was found responsible for the disappearance and possible murder of Jamal Khashoggi inside the Saudi consulate in Istanbul on October 2, reports Efe news.

“The kingdom affirms its total rejection of any threats and attempts to undermine it whether by threatening to impose economic sanctions, using political pressures or repeating false accusations,” the report by SPA said, citing an unnamed official source.

“The kingdom also affirms that if it receives any action, it will respond with greater action,” the report added.

Earlier on Sunday, the Saudi stock market plunged nearly seven percent amid fears of imminent US sanctions.

Before Saturday’s comments, Trump had been reluctant to criticize Saudi Arabia and had said on Thursday that he was against cancelling the $110 billion US-Saudi arms deal over the journalist’s disappearance.

The possible murder of Khashoggi, a US permanent resident in self-imposed exile who had written critically against the Saudi monarchy, has generated a far stronger international backlash against the kingdom than the ongoing Saudi-led war in Yemen, which has caused widespread famine in the already impoverished Arab country.

IANS

Continue Reading

America

Sugar mills worry over surplus, talk of ‘industry collapse’

Published

on

sugarcane

New Delhi, Oct 14 : With the availability of sugar set to reach an unprecedented level of 44 million tonnes thanks to huge unconsumed stock from last year and expected higher production this year, an imminent threat of “industry collapse” is being talked about. This has pushed mills to consider producing globally-accepted high-quality refined sugar as the most promising way to dispose off the surplus.

The decision of Brazil, the world’s largest sugar producer, to lower production this year has given Indian industry an opportunity to fill the space. However, it will have to live up to global expectations, the National Federation of Cooperative Sugar Factories (NFCSF) has said.

It said the mills are planning to boost their exports by improving quality of sugar to 45 ICUMSA grade, a high quality refined grade and considered one of the highest purity levels globally.

“Currently, we produce sugar whose grade is between 100-150 ICUMSA. Till now, the domestic consumption offset the domestic output. So Indian sugar mills never bothered about producing high refined quality sugar as per the global standards,” NFCSF Managing Director Prakash Naiknavare told IANS.

ICUMSA is a global body and its rating is an international unit for expressing the purity of the sugar, which is directly related to the colour of the sweetener.

Brazil has decided to cut down sugar production by earmarking more cane for manufacturing ethanol, so India finds a space where the domestic surplus can be accommodated.

“To achieve it, we will have to produce sugar of 45 ICUMSA grade. It will take minimal efforts and capital to upgrade the existing machinery,” Naiknavare said.

India has a surplus (opening stock) of 10.5 million tonnes from the last season and it is expected to produce around 33.5 million tonnes of the sweetener in 2018-19 starting October.

So the total availability of sugar this year will be around 44 million tonnes against the expected domestic consumption of 26 million tonnes, thus putting a “burden” on the mills to clear huge sugar stocks in the backdrop of depressed retail prices — around Rs 37 per kg in the national capital compared to around Rs 40-43 a year ago.

As the sugar output in Brazil is to go down by almost 10 million tonnes, India is set to become the largest sugar producer in the world this year.

Naiknavare said it was “a god-sent” gift, which had provided India “with an opportunity to make perception that India can be a great destination” for high-quality refined sugar.

As per the initial estimates of the Indian Sugar Mills Association (ISMA), which represents private sugar mills in the country, India is set to produce around 35 million tonnes in the 2018-19 season starting October against 32.25 million tonnes in the previous year.

The NFCSF, however, said that the 2018-19 production figures would be around 33.5 million tonnes owing to the infection of white grub in Maharashtra and Karnataka, which damages roots leading to the death of cane.

The government can store three million tonnes. It will also help mills to export five million tonnes under the Minimum Indicative Export Quota (MIEQ) by compensating expenses towards internal transport, freight handling and other charges.

“The government’s assistance and incentives have been helpful to the industry. Even if we take all these into account, including 26 million tonnes of domestic consumption, there will be surplus of 10 million tonnes. If it is not disposed, the industry will collapse,” said Naiknavare, adding all stakeholders, including the ISMA, had started brainstorming on how to dispose the surplus.

The government, while announcing a bail-out package for the industry in June this year, had fixed minimum selling price (MSP) at the mill gate of Rs 2,900 per tonnes to ensure that retail prices do not fall further.

The average price sugar received at global market in last 15 days is roughly Rs 2,200- 2,400 per tonne.

However, the prices have been on the increase from last few days — 10.97 cents per pound on September 28 to 13.11 cents per pound on October 9 according to the International Sugar Organisation — a trend the Indian sugar industry finds positive.

Acting on the industry’s request, the central government had given a subsidy of Rs 55 per tonne of sugarcane to help mills to clear cane farmers’ arrears.

(Saurabh Katkurwar can be contacted at [email protected])

Continue Reading
Advertisement

Most Popular