Tag Archives: COEN08

World

Vietnam president quits as Communist Party intensifies graft crackdown

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  • President highest-profile casualty of graft crackdown
  • Phuc blamed for conduct of officials under him
  • Hundreds of officials hit by ‘blazing furnace’ campaign
  • Phuc’s downfall widely expected

HANOI, Jan 17 (Reuters) – Vietnam President Nguyen Xuan Phuc has resigned after the ruling Communist Party blamed him for “violations and wrongdoing” by officials under his control, the government said on Tuesday, in a major escalation of the country’s anti-graft campaign.

Phuc, a former prime minister widely credited with accelerating pro-business reforms, held the largely ceremonial post of president since 2021 and is the highest-ranking official targeted by the party’s sweeping corruption crackdown.

Vietnam has no paramount ruler and is officially led by four “pillars”: the party’s secretary, the president, prime minister and speaker of the house.

Phuc, 68, was ultimately responsible for offences committed by many officials, including two deputy prime ministers and three ministers, the government said.

“Fully being aware of his responsibilities before the party and people, he submitted an application to resign from his assigned positions, quit his job and retire,” it said in statement.

Phuc’s office could not immediately be reached for comment and it was not clear if a replacement has been chosen.

Vietnam has been rife with speculation he would be removed following January’s dismissal of two deputy prime ministers who served under him, as the party doubles down on a “blazing furnace” anti-corruption drive led by its powerful long-serving chief, Nguyen Phu Trong.

Last year, 539 party members were prosecuted or “disciplined” for corruption and “deliberate wrongdoings”, including ministers, top officials and diplomats, according to the party, while police investigated 453 corruption cases, up 50% from 2021.

Trong earlier this month said the party was “more determined” and “more effective and methodical” in its approach, and vowed to deliver results.

IMPACT UNCERTAIN

Opinions vary on the impact of the anti-graft drive on investment and policy.

Le Hong Hiep of the Vietnam Studies Programme at the Singapore’s ISEAS-Yusof Ishak Institute said the purge could pave the way for cleaner more capable leaders to rise.

“As long as the leadership reshuffles do not lead to radical policy changes, their impact on the economy will also be limited,” Hiep posted on his Facebook account.

However, Ha Hoang Hop, a senior visiting fellow at the same institute, said Phuc’s demise and uncertainty over the impact of the crackdown could unnerve investors.

“This could lead Vietnam to a time of instability that would worry foreign friends and investors,” he said.

Phuc’s resignation requires approval from the legislature, which sources on Monday said would hold a rare extraordinary meeting this week, adding to expectation that Phuc’s fate had been sealed.

Phuc, who was known in Vietnam for his friendly approach and love for the national soccer team, was once tipped as a future party General Secretary, the state’s most prestigious job.

As prime minister from 2016 to 2021, he oversaw an average 6% annual economic growth for Asia’s burgeoning manufacturing powerhouse and helped further a liberalisation drive that included trade deals with the European Union and Pacific powers.

Despite his downfall, the government on Tuesday praised his achievements, particularly his pandemic response.

“He has made great efforts in leading, directing and administering the COVID-19 epidemic prevention and control, achieving important results,” it said.

Editing by Kanupriya Kapoor and Martin Petty

Our Standards: The Thomson Reuters Trust Principles.

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World

Taliban bans female NGO staff, jeopardizing aid efforts

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  • Taliban orders NGOs to stop female staff from working
  • Comes after suspension of female students from universities
  • U.N. says order would seriously impact humanitarian operations
  • U.N. plans to meet with Taliban to seek clarity

KABUL, Dec 24 (Reuters) – Afghanistan’s Taliban-run administration on Saturday ordered all local and foreign NGOs to stop female employees from working, in a move the United Nations said would hit humanitarian operations just as winter grips a country already in economic crisis.

A letter from the economy ministry, confirmed by spokesperson Abdulrahman Habib, said female employees of non-governmental organisations (NGOs) were not allowed to work until further notice because some had not adhered to the administration’s interpretation of Islamic dresscode for women.

It comes days after the administration ordered universities to close to women, prompting global condemnation and sparking some protests and heavy criticism inside Afghanistan.

Both decisions are the latest restrictions on women that are likely to undermine the Taliban-run administration’s efforts to gain international recognition and clear sanctions that are severely hampering the economy.

U.S. Secretary of State Antony Blinken said on Twitter he was “deeply concerned” the move “will disrupt vital and life-saving assistance to millions,” adding: “Women are central to humanitarian operations around the world. This decision could be devastating for the Afghan people.”

Ramiz Alakbarov, the U.N. deputy special representative for Afghanistan and humanitarian coordinator, told Reuters that although the U.N. had not received the order, contracted NGOs carried out most of its activities and would be heavily impacted.

“Many of our programmes will be affected,” he said, because they need female staff to assess humanitarian need and identify beneficiaries, otherwise they will not be able to implement aid programs.

International aid agency AfghanAid said it was immediately suspending operations while it consulted with other organisations, and that other NGOs were taking similar actions.

The potential endangerment of aid programmes that millions of Afghans access comes when more than half the population relies on humanitarian aid, according to aid agencies, and during the mountainous nation’s coldest season.

“There’s never a right time for anything like this … but this particular time is very unfortunate because during winter time people are most in need and Afghan winters are very harsh,” said Alakbarov.

He said his office would consult with NGOs and U.N. agencies on Sunday and seek to meet with Taliban authorities for an explanation.

Aid workers say female workers are essential in a country where rules and cultural customs largely prevent male workers from delivering aid to female beneficiaries.

“An important principle of delivery of humanitarian aid is the ability of women to participate independently and in an unimpeded way in its distribution so if we can’t do it in a principled way then no donors will be funding any programs like that,” Alakbarov said.

When asked whether the rules directly included U.N. agencies, Habib said the letter applied to organisations under Afghanistan’s coordinating body for humanitarian organisations, known as ACBAR. That body does not include the U.N., but includes over 180 local and international NGOs.

Their licences would be suspended if they did not comply, the letter said.

Afghanistan’s struggling economy has tipped into crisis since the Taliban took over in 2021, with the country facing sanctions, cuts in development aid and a freeze in central bank assets.

A record 28 million Afghans are estimated to need humanitarian aid next year, according to AfghanAid.

Reporting by Kabul newsroom; additional reporting by Susan Heavey in Washington
Editing by Mark Potter and Josie Kao

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World

Head of major Russian shipyard dies suddenly, no cause given

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Dec 24 (Reuters) – A major Russian shipyard that specialises in building non-nuclear submarines said its general director had died suddenly on Saturday after 11 years in the job, but gave no details.

Admiralty Shipyards, based in the western port of St Petersburg, announced the death of Alexander Buzakov in a statement. He had been in the job since August 2012.

His main achievement, it said, had been preserving and strengthening the shipyard’s order books for modern non-nuclear submarines, surface ships and deep water vehicles.

Tass news agency said the shipyard is building improved Kilo-class diesel-powered submarines capable of launching Kalibr cruise missiles.

In April, Moscow said it had used a diesel submarine in the Black Sea to strike Ukrainian military targets with Kalibrs.

The shipyard said Buzakov graduated in 1980 and had more than 40 years of experience, indicating he had been in his mid-sixties when he died. St Petersburg is the home city of President Vladimir Putin.

Reporting by David Ljunggren; Editing by Daniel Wallis

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World

German car giants and Asian battery kings: a match made in Hungary

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  • German, Chinese and S.Koreans head to Hungary
  • They dominate auto investment and subsidies
  • Orban’s Hungary keen to court foreign business

BERLIN/BUDAPEST, Dec 13 (Reuters) – German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions.

The companies are flocking to central Europe, where Viktor Orban’s government is defying Western wariness of China and offering generous benefits to host foreign operations and stake Hungary’s claim as a global centre for electric vehicles (EVs).

Investment in the Hungarian auto industry is being dominated by three countries – Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.

Companies from those three countries have accounted for 29 out of the 31 cash subsidies handed out by Hungary for major investments in its auto and battery sector over the past decade, according to a Reuters analysis of government data that shows the scale of German, Chinese and Korean convergence there.

“Cathodes, anodes, separators, assembly lines, the full battery supply chain is here,” said Dirk Woelfer of the German-Hungarian Chamber of Commerce in Budapest. “This is a foot in the door to Europe.”

Recipients of such subsidies included the likes of German automakers BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE), and battery makers such as China’s BYD and Korean rival Samsung SDI (006400.KS). The median subsidy level has been 15% of investment.

In total, Hungary has received over 14 billion euros ($15 billion) in foreign direct investment into its battery sector alone in the past six years, according to government figures.

Major investments are broadly classed as those worth over 5-10 million euros, varying with factors such as jobs created.

State incentives and the opportunity for automakers and battery suppliers to work next door to each other is proving a strong pull, according to interviews with about 20 industry players and consultants in Germany, Hungary, China and South Korea.

China’s CATL (300750.SZ), the world’s No. 1 EV battery maker, and Korean battery giants SK Innovation (096770.KS) and Samsung SDI, all told Reuters that the planned proximity to German carmakers was a key factor in their decisions to invest in Hungary, as well as being able to source separators and other components there.

CATL is investing $7.6 billion to build Europe’s largest battery plant in Hungary. This plant and the $2.1 billion BMW factory will both be sited in the city of Debrecen, which is attracting an ecosystem of suppliers, ranging from makers of brakes and battery cathodes to industrial machinery.

Mercedes-Benz is converting its factory in Kecskemet to produce electric cars, while Volkswagen’s (VOWG_p.DE) Audi is making cars and electric motors in Gyor.

Such big business could present a boon for Prime Minister Orban’s government as the country faces its toughest economic environment in more than a decade, with inflation running above 20%, the economy slowing and EU funds in limbo.

Yet the Hungarian EVs project also faces stiff obstacles, according to many of the industry insiders.

One key concern is the huge demands that massive battery plants will place on the electricity grid, which needs to shift away from fossil fuels towards renewables to meet the net-zero emissions targets of much of the auto industry, the people said.

A lack of specialised workers in Hungary to work in battery cell manufacturing could also drag on capacity, they added.

HIPA, the Hungarian Foreign Ministry agency responsible for attracting investments in areas ranging from batteries and cars to logistics, did not respond to Reuters queries about the EV industry.

‘CHINA’S MADE GOOD STEPS’

Hungary’s welcome to Asian battery makers might jar with concerns expressed by Brussels and Berlin about the perils of Europe becoming too dependent on China and other foreign powers, particularly in technologies central to the green transition.

Still, for now, the need to ramp up EV output leaves the European auto industry little choice but to source from Asian players, said Csaba Kilian of Hungary’s automotive association.

“I absolutely agree that European manufacturers should have their own sources … but it’s a competition, and China has made good steps,” he added. “There is a learning curve.”

Europe should have a EV battery manufacturing capacity of 1,200 gigawatt hours (GWh) by 2031 if current plans come to fruition, outstripping expected demand of 875 GWh, Benchmark Mineral Intelligence (BMI) estimates. But of that 1,200 GWh, 44% will be provided by Asian companies with factories in Europe, ahead of homegrown firms on 43% and U.S. pioneer Tesla (TSLA.O) with 13%, according to a Reuters calculation based on BMI data.

The prospects for developing a battery sector in Germany have been set back by record energy there as a result of the loss of Russian gas, according to autos consultants at Boston Consulting Group and Berylls Strategy Advisors.

Hungary offers a comparatively stable energy system bolstered by nuclear energy, as well as high subsidies and Europe’s lowest corporate tax rate of 9%.

The entire battery supply chain has come to the country, said Ilka von Dalwigk, policy manager at the European Battery Alliance, launched by the European Union in 2017 to kick-start a homegrown industry.

“Everything is located there. When we look at the forecast for 2025 and 2030, it looks like it will have one of the largest production capacities in Europe,” she added.

“It might very well be that Hungary is in fact the next big battery production cluster in Europe.”

Asked about concerns about reliance on Asia for technology, an EU official said the bloc – which must approve member state subsidies to investors – had a system in place to cooperate and exchange information on investments from non-EU countries that may affect security.

The European Commission is currently in talks with Hungary over the size of the subsidy the country will offer to CATL for building the Debrecen plant, the official added.

‘SENDING THE WRONG SIGNAL’

For some Western companies, setting up shop in Hungary is a tough decision.

German autos supplier Schaeffler said it was on the verge of setting up its primary electric motor plant in Hungary rather than Germany in August because of the appeal of Hungary’s incentives, but decided on Germany for fear of sending “the wrong signal” to Germans who fear a loss of jobs to overseas.

Other industry players expressed a range of concerns over potential pitfalls for the burgeoning Hungarian auto industry as factories ramped up, including the power grid issue.

Batteries, in particular, are highly energy-intensive parts of EVs to produce, requiring high amounts of power for the drying the materials and machine operation.

Hungary’s sources of energy in 2021 comprised 80% fossil fuels, 14.5% nuclear and 3.6% solar, according to a Reuters calculation of data from the BP Statistical Review of World Energy.

The mix spells trouble for carmakers who will soon need to showcase carbon-free credentials across their supply chains under new German and European legislation.

Hungarian Foreign Minister Peter Szijjarto met senior executives from BMW and auto suppliers including Schaeffler and Knorr-Bremse in Munich last month, ahead of the German carmaker announcing it was beefing up its investment in the country.

Topics discussed included plans to improve logistics infrastructure in Hungary and increasing the amount of renewables energy used for the power grid, according to one of the companies that attended.

When BMW first announced its plan to build its Debrecen plant, in 2018, the government committed to spending around 135 billion forints on improving local infrastructure, according to calculations by the German-Hungarian Chamber of Commerce.

On the battery side, CATL told Reuters it was considering developing solar power with local partners in Hungary.

Despite the risks, Alexander Timmer, a partner at Munich-based consultants Berylls Strategy Advisors who has worked on several autos and battery projects in Hungary, said the country presented an appealing package.

“The combination of cost advantages, state subsidies, and closeness to automakers’ plants makes Hungary increasingly attractive to battery producers, he added.

($1 = 397.54 forints; $1 = 0.9483 euros)

Reporting by Victoria Waldersee in Berlin, Gergely Szakacs in Budapest; Additional reporting by Heekyong Yang, Zhang Yan; Editing by Pravin Char

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Business

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

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  • Foxconn Zhengzhou plant’s Nov shipments to fall further – source
  • Worker unhappiness at plant escalated into protests this week
  • Over 20,000 workers, mostly new recruits, have left – source

TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees left the site.

The company could now see more than 30% of the site’s November production affected, up from an internal estimate of up to 30% when the factory’s worker troubles started in late October, the source said.

The site, which is the only factory where Foxconn makes premium iPhone models, including the iPhone 14 Pro, is unlikely to resume full production by the end of this month, the source added.

The world’s largest Apple (AAPL.O) iPhone factory has been grappling with strict COVID-19 restrictions that have fuelled discontent among workers and disrupted production ahead of Christmas and January’s Lunar New Year holiday, as many workers were either put into isolation or fled the plant.

It has fuelled concerns over Apple’s ability to deliver products for the busy holiday period.

On Wednesday workers, most of whom were new recruits hired in recent weeks, clashed with security personnel at the Zhengzhou plant in central China.

Many claimed they were misled over compensation benefits at the factory, and others complained about sharing dormitories with colleagues who had tested positive for COVID.

Foxconn apologised for a pay-related “technical error” when hiring on Thursday, and later offered 10,000 yuan ($1,400) to protesting new recruits who agreed to resign and leave.

The source said more than 20,000 workers, mostly new hires not yet working on production lines, took the money and left. Videos posted on Chinese social media on Friday showed crowds and long lines of luggage-laden workers queuing for buses.

[1/2] The logo of Foxconn is seen outside the company’s building in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang

“It’s time to go home,” one person posted.

Foxconn, formally known as Hon Hai Precision Industry Co, declined to comment. Apple, which said on Thursday it had staff at the factory, did not immediately respond to a request for comment on Friday.

The plant, before its woes began, employed more than 200,000 staff. It has dormitories, restaurants, basketball courts and a football pitch across its sprawling roughly 1.4 million-square-metre (15 million-square-foot) facility.

Another Foxconn source familiar with the matter said some new hires had left the campus but did not elaborate on how many. This person said that because the people leaving had not yet been trained or begun to work, their departures would not cause further harm to current production.

“The incident has a big impact on our public image but little on our (current) capacity. Our current capacity is not affected,” the source said.

“There’s only so much corporate can do on pandemic prevention … It’s been a problem for a while. This is a problem faced by everyone,” the person said, pointing to other worker unrest triggered by rigid COVID restrictions, including upheaval at another Apple supplier, Quanta (2382.TW), in May.

Foxconn shares closed down 0.5%, lagging the broader market, (.TWII) which ended flat.

Hundreds of workers joined protests at Foxconn’s major iPhone plant China’s Zhengzhou this week, with some men smashing surveillance cameras and windows, footage uploaded on social media showed.

($1 = 7.1616 Chinese yuan renminbi)

Reporting By Yimou Lee; Additional reporting by Brenda Goh; Editing by Anne Marie Roantree, William Mallard and Gerry Doyle

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Business

Shares rise, U.S. Treasury yields drop ahead of Fed minutes’ release

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  • Fed minutes for November due at 1900 GMT
  • Wall Street stocks trade higher
  • U.S. Treasury yields retreat
  • Crude prices drop more than 4%
  • U.S. dollar falls

NEW YORK, Nov 23 (Reuters) – World equities rose while U.S. Treasury yields were lower ahead of the release of the Federal Reserve’s meeting minutes that would offer a glimpse on whether officials are likely to soften their stiff monetary policy stance.

Traders are expecting the minutes, which will be published on Wednesday, to provide clues that the Fed is set to end its pace of sharp interest rate hikes in response to a moderation in economic conditions.

Labor Department data showed on Wednesday that U.S. jobless claims increased more than expected last week while U.S. business activity contracted for a fifth month in November, according to the S&P Global flash U.S. Composite PMI Output Index.

“What investors are hoping for is that the Fed acknowledges that since the consumer price index looks like it might be peaking that there’s going to be some language that they see a pause on the near-term horizon,” said Jordan Kahn, chief investment officer at ACM Funds in Los Angeles, California.

The MSCI All Country stock index (.MIWD00000PUS) was up 0.8%, while European shares (.STOXX) rose 0.62%.

U.S. Treasury yields were trading lower. Benchmark 10-year notes were down to 3.7242% while the yields on two-year notes dropped to 4.4835%.

The yield curve that compares these two bonds widened further into negative territory, to -76.30 basis points. When inverted, that part of the curve is seen as an indicator of an upcoming recession.

“I tend to think that investors that are looking for any sought of hint of a pause are going to be disappointed. I think the Fed is going to keep the message they’ve been saying for a while, which is that their job isn’t done yet and need to bring down demand,” Kahn said.

“The yield curve is still screaming that the economy is on the precipice of a slowdown,” he added.

On Wall Street, all three major indexes were trading higher, led by gains in technology, consumer discretionary, communication, and industrial stocks.

The Dow Jones Industrial Average (.DJI) rose 0.29% to 34,196.78, the S&P 500 (.SPX) gained 0.56% to 4,025.81 and the Nasdaq Composite (.IXIC) added 0.96% to 11,282.14.

Oil prices fell more than 4% as the Group of Seven (G7) nations looked at a price cap on Russian oil that is above where it is currently trading and as gasoline inventories in the United States built more than analysts expected.

Brent futures for January delivery fell 4.2% to $84.65 a barrel, while U.S. crude fell 4.46%, to $77.34 per barrel.

The U.S. dollar fell across the board ahead of the release of the Fed’s minutes and new data showing weaker economic conditions. The dollar index fell 0.7%, with the euro up 0.62% to $1.0366.

Gold prices were choppy as the U.S. dollar fell. Spot gold added 0.1% to $1,742.66 an ounce, while U.S. gold futures fell 0.10% to $1,736.50 an ounce.

Reporting by Chibuike Oguh in New York
Editing by Bernadette Baum

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World

Modi seeks detailed inquiry as India bridge toll rises to 135

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  • Modi visits site in home state
  • Search continues for third straight day
  • One more person still believed missing – official

MORBI, India, Nov 1 (Reuters) – Indian Prime Minister Narendra Modi demanded lessons be learned as he visited the site of a bridge collapse that killed 135 people and met some of the injured in hospital on Tuesday.

Army, navy and national disaster response force teams continued their search while locals gathered on the banks of the Machchhu river in Modi’s home state of Gujarat.

The colonial-era suspension foot bridge in Morbi was packed with sightseers – many in town to celebrate the Diwali and Chhath Puja festivals – when it gave way on Sunday evening, sending people plunging about 10 metres (33 feet) into the water.

A top police official told Reuters that about 200 people were on the bridge when it collapsed. Local municipality officials said tickets for about 400 people had been sold, although not necessarily to be on the bridge at the same time.

A map depicting the site of the bridge collapse over the Machhu River in the western Indian state of Gujarat.

“The prime minister said the need of the hour is to conduct a detailed and extensive inquiry which will identify all aspects relating to this mishap,” Modi’s office said in a statement as he saw the scene of the disaster.

“He also added that the key learnings from the inquiry must be implemented at the earliest.”

Top opposition leader Rahul Gandhi, from the Congress party, said earlier he refused to politicise the incident, but in the capital New Delhi dozens of protesters demanded the resignation of the Gujarat state chief and called for more compensation.

“The country is angry today that around 150 people have died in Morbi but this government did nothing apart from shedding crocodile tears,” an unidentified protester shouted. Police detained the crowd within minutes.

[1/8] India’s Prime Minister Narendra Modi visits the site of a suspension bridge collapse in Morbi town in the western state of Gujarat, India, November 1, 2022. REUTERS/Stringer

The protesters called for compensation of 2 million rupees ($24,000) for all victims – the injured and the families of those killed. So far the state and central governments have offered 600,000 rupees ($7,000) for the kin of those who lost their lives.

Local residents at the scene on Tuesday told Reuters they feared the death toll could rise further.

GT Pandya, a senior administrative official in Morbi, said a person who was injured had died from their injuries on Tuesday, taking the toll to 135. One person was still missing according to the authorities’ estimate, he said.

Gujarat, which declared a day of mourning on Wednesday, said in a statement that 152 people had been discharged from the hospital while 17 were still undergoing treatment.

The bridge – 233 metres in length and 1.25 metres wide – was originally built in 1877 and had been closed for six months for repairs until last week.

CCTV footage of the incident showed a group of young men trying to rock the bridge from side to side while others took the photos before they tumbled into the river below as the cables gave way.

Police arrested nine people on Monday under penal code sections including culpable homicide not amounting to murder. Those arrested included ticketing clerks accused of letting too many people onto the bridge and contractors that had been in charge of repair work.

U.S. President Joe Biden and Chinese President Xi Jinping were the latest to send condolences for the loss of lives, many of whom were children.

($1 = 82.5170 Indian rupees)

Reporting by Shivam Patel and Sumit Khanna; Writing by Sudipto Ganguly in Mumbai; Editing by Edwina Gibbs, Jacqueline Wong and Alison Williams

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World

Islamic State claims Iran shrine attack, Iran vows response

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  • Women and children among casualties – state media
  • President says Iran will respond to attack
  • Protesters mark 40 days since Mahsa Amini’s death in custody

DUBAI, Oct 26 (Reuters) – The militant group Islamic State said it carried out an attack on a Shi’ite Muslim shrine in Iran on Wednesday which killed 15 people, escalating tensions in a country reeling from a wave of protests and prompting warnings of a response from Tehran.

Iranian officials said they had arrested a gunman who carried out the attack at the Shah Cheragh shrine in the city of Shiraz. State media blamed “takfiri terrorists” – a label Tehran uses for hardline Sunni Muslim militants like Islamic State.

The group has claimed previous attacks in Iran, including deadly twin bombings in 2017 which targeted Iran’s parliament and the tomb of the Islamic Republic’s founder Ayatollah Ruhollah Khomeini.

Wednesday’s killing of Shi’ite pilgrims came on the same day that Iranian security forces clashed with increasingly strident protesters marking the 40-day anniversary since the death in police custody of Mahsa Amini, a 22-year-old Kurdish woman.

Interior Minister Ahmad Vahidi blamed the protests sweeping Iran for paving the ground for the Shiraz attack, and President Ebrahim Raisi said Iran would respond, according to state media.

“Experience shows that Iran’s enemies, after failing to create a split in the nation’s united ranks, take revenge through violence and terror,” said Raisi, speaking before Islamic State released its claim of responsibility.

“This crime will definitely not go unanswered, and the security and law enforcement forces will teach a lesson to those who designed and carried out the attack.”

The semi-official Tasnim news agency said the attacker shot an employee at the shrine entrance before his rifle jammed and he was chased by bystanders.

He managed to fix his gun and opened fire on his pursuers, before entering a courtyard and shooting worshippers. Several women and children were among the dead, it said.

A witness at Shah Cheragh told state television: “I heard sounds of gunfire after we prayed. We went to a room next to the shrine, this lowlife came and fired a barrage of shots. Then (the bullet) hit my arm and leg, it hit my wife’s back, but thank God my child was not hit, he is seven years old.”

DAY OF CLASHES

The attack in Shiraz took place at the end of a day of confrontations across the country between security forces and protesters, with video footage showing some of the most violent clashes in more than a month of unrest following Amini’s death.

The demonstrations have become one of the boldest challenges to the clerical leadership since the 1979 revolution. A wide range of Iranians have come out on to the streets, with some calling for the downfall of the Islamic Republic and the death of Supreme Leader Ayatollah Ali Khamenei.

Security forces opened fire at mourners in Amini’s Kurdish home town of Saqez on Wednesday, according to a witness.

[1/7] A bullet hole seen after a terrorist attack at the Shah Cheragh Shrine in Shiraz, Iran October 26, 2022. Amin Berenjkar/WANA (West Asia News Agency) via REUTERS

“Riot police shot mourners who gathered at the cemetery for Mahsa’s memorial ceremony … dozens have been arrested,” the witness said. Iranian authorities were not available to comment.

The semi-official ISNA news agency said about 10,000 people were at the cemetery, adding that the internet was cut off after clashes between security forces and people there.

Videos on social media showed crowds packing streets in many cities and the bazaars of Tehran and some other cities shut down with people chanting “Death to Khamenei”.

1500tasvir, a Twitter account focused on Iran protests with 280,000 followers, reported a “brutal crackdown” on protesters in multiple locations in Tehran, including a gathering at the Tehran Medical Association.

Video footage on social media appeared to show members of the Basij militia shooting at protesters in Tehran.

Other videos showed protesters chasing riot police and throwing stones. They also showed protesters in the holy Shi’ite city of Mashhad setting fire to a riot policeman’s motorbike. In Tehran, a protester hit a policeman, while in the city of Qazvin riot police opened fire on protesters.

Some protesters chanted: “We will fight, we will die, we will get Iran back” from its clerical rulers.

Reuters was not able to verify the authenticity of the footage.

State news agency IRNA said a member of the elite Revolutionary Guards was shot dead “by rioters” in the western city of Malayer.

An Iranian former pro-reform official said the spread of the protests appeared to have taken authorities by surprise and contrasted with the establishment’s assertions that support for the Islamic system is overwhelming.

While some analysts said prospects for the imminent dawn of a new political order are slim, activists said a wall of fear had fallen and the path to a new revolution was not reversible.

Students have played a pivotal role in the protests, with dozens of universities on strike. Hundreds of schoolgirls have joined in, chanting “Freedom, Freedom, Freedom,” despite fierce crackdowns by security forces.

State media and hardline officials have branded protesters “hypocrites, monarchists, thugs and seditionists”.

Rights groups said at least 250 protesters had been killed, including teenage girls, and thousands had been arrested.

The authorities, who have accused the United States and other Western countries of fomenting what they call “riots”, have yet to announce a death toll but state media have said around 30 members of the security forces have been killed.

Writing by Parisa Hafezi and Dominic Evans
Editing by Michael Georgy, Nick Macfie and Alistair Bell

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Business

Elon Musk sells $1 million worth of new perfume, ‘Burnt Hair’

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Oct 12 (Reuters) – The world’s richest man, Elon Musk, has scented a new opportunity to capitalise on quirky products, launching a perfume called “Burnt Hair” that he said sold 10,000 bottles to earn a million dollars in just a few hours.

“With a name like mine, getting into the fragrance business was inevitable – why did I even fight it for so long!?” Musk asked on Twitter, where he now describes himself as a perfume salesman.

“The essence of repugnant desire” is the website description of his latest offering, which costs $100 a bottle and is set to start shipping in the first quarter of 2023, making good on a product Musk first touted in September.

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Previous brainwaves have included Tesla’s (TSLA.O) own-brand tequila, launched in 2020, and a pair of “short shorts” to signify Musk’s victory over investors who bet against the electric vehicle maker, now the world’s most valuable car firm.

SpaceX owner and Tesla CEO Elon Musk smiles at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo

His Boring Company, a tunnelling firm last valued at $5.7 billion, sold flamethrowers at $500 apiece in early 2018, raising $10 million. He also sold 50,000 Boring Company hats.

Musk’s ambitions over the years have ranged from colonising Mars to creating a new sustainable energy economy, and in the process he has built Tesla, rocket company SpaceX, and smaller firms.

Last week the billionaire proposed to proceed with his original $44-billion bid to take Twitter Inc (TWTR.N) private, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to or not.

If successful, a deal would put Musk in charge of one of the most influential media platforms and end months of litigation that damaged Twitter’s brand and fed his reputation for erratic behavior.

The Boring Company did not respond to a query on how long it planned to keep the perfume listed.

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Reporting by Akriti Sharma and Shubham Kalia in Bengaluru; Editing by Clarence Fernandez

Our Standards: The Thomson Reuters Trust Principles.

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S.Korea braces for ‘very strong’ typhoon, businesses curb operations

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A woman makes her way in strong winds brought by Typhoon Hinnamnor in Naha, Okinawa prefecture, Japan, in this photo taken by Kyodo on September 4, 2022. Mandatory credit Kyodo/via REUTERS

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SEOUL, Sept 5 (Reuters) – Typhoon Hinnamnor neared South Korea on Monday, forcing flight cancellations, suspensions of some business operations and closures of schools, as the country raised its typhoon-alert level to its highest.

Heavy rain and strong wind pounded the southern part of the country, with the typhoon travelling northward at a speed of 24 km per hour (15 mph). Hinnamnor is expected to make landfall southwest of the port city of Busan early on Tuesday, after reaching waters off Jeju Island later on Monday.

President Yoon Suk-yeol said on Monday he will be on emergency standby, a day after ordering authorities to put all efforts into minimising damage from the typhoon that has been classified as “very strong”.

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“Very strong winds and heavy rains are expected across the country through to Tuesday due to the typhoon, with very high waves expected in the coastal region along with storm and tsunami,” the Korea Meteorological Administration (KMA) said.

According to KMA’s forecast, Hinnamnor is headed northeast toward Sapporo, Japan.

South Korea classifies typhoons in four categories – normal, strong, very strong, super strong – and Hinnamnor is expected to reach the country as a “very strong” typhoon, according to the KMA. Typhoons under that classification have wind speeds of up to 53 metres per second.

Warnings have been issued across the southern cities, including Gwangju, Busan, Daegu and Ulsan, following that in the southern island of Jeju, while the Central Disaster and Safety Countermeasures Headquarters on Sunday upgraded its typhoon alert level to the highest in its four-tier system, the first time in five years.

Busan city and its neighbouring areas have received rain throughout the weekend, with more rain forecast across the wider country for Monday and Tuesday.

No casualties have been reported so far, though more than 100 people have been evacuated and at least 11 facilities have been damaged by floods.

Steelmaker POSCO (005490.KS) told Reuters it is considering suspending some of its production processes in the city of Pohang on Tuesday, while SK Innovation (096770.KS), owner of South Korea’s top refiner SK Energy, said it asked carrier ships not to operate until the typhoon passes.

Responding to local media reports over the planned halts of their operations, South Korean shipbuilders Korea Shipbuilding & Offshore Engineering (009540.KS), Daewoo Shipbuilding & Marine Engineering (DSME) (042660.KS) and Samsung Heavy Industries, DSME said a decision on suspending its operations will be made later on Monday.

Korean Air Lines (003490.KS) and Asiana Airlines (020560.KS) have cancelled most of their Monday flights to Jeju Island, according to their websites, while budget airlines such as Air Seoul and Jin Air have cancelled some of their flights.

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Reporting by Joori Roh; Additional reporting by Joyce Lee and Heekyong Yang; Editing by Muralikumar Anantharaman

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