Tag Archives: LATAM

Citi to exit Mexican consumer business as part of strategy revamp

A Citibank sign is seen outside of a bank outlet in New York March 4, 2009. REUTERS/Lucas Jackson/File Photo

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NEW YORK, Jan 11 (Reuters) – Citigroup Inc (C.N) will exit its Citibanamex consumer banking business in Mexico, the bank said on Tuesday ending its 20-year retail presence in the country that was the last of its overseas consumer businesses.

Citigroup’s decision to sell or spin off Citibanamex, Mexico’s third biggest bank by assets as of June, is part of chief executive Jane Fraser’s strategy to bring Citigroup’s profitability and share price performance in line with its peers.

After taking up the top job last year, Fraser pledged to simplify Citigroup by exiting non-core businesses, including consumer franchises in 13 markets in Asia, Europe, the Middle East and Africa. While Citigroup’s Mexican exit was not part of the announced plan it is consistent with that “strategy refresh,” Fraser said on Tuesday.

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Citigroup will retain its institutional client business in Mexico, as it has in other overseas markets. It will focus its consumer banking business on a targeted U.S. retail presence, global wealth management, and payments and lending, it said.

The bank’s acquisition of Banamex for $12.5 billion in 2001 was the largest ever in Mexico at the time and came amid a wave of foreign purchases after an economic crisis devastated the country’s banking sector in the mid-1990s.

Mexican billionaire Ricardo Salinas Pliego, who is ranked as the country’s third-richest man with a family fortune estimated in excess of $15 billion by Forbes, said he was analyzing if it was possible to acquire Citibanamex.

Other possible buyers for Citibanamex could come from Canada, where the big six banks have excess cash to spend on deals. Bank of Nova Scotia (BNS.TO) already has a sizable Mexico business. read more

The local arms of Banco Santander (SAN.MC) and BBVA (BBVA.MC) would also have the cash, while Mexican institutions Banorte and Inbursa could use an acquisition of Citi’s operations to challenge this duo.

An industry laggard hobbled by creaky technology and poor risk-management controls, Citigroup’s seeming inability to fix its operational issues and boost its share price has frustrated shareholders. “Investor exhaustion” plagues the bank, Odeon Capital analyst Dick Bove said last month.

Fraser’s revamp amounts to the biggest overhaul for Citigroup since it was forced to unload assets following the 2007-2009 financial crisis. To date the bank has taken $2 billion in charges exiting Asian markets. read more

Before becoming CEO, Fraser was responsible for the Mexico business and for Citigroup’s global consumer bank. In that role she worked to build on investments the bank made to refurbish the Mexico consumer business which had been known as Banamex.

By disposing of the Mexico consumer businesses, “we’ll be able to direct our resources to opportunities aligned with our core strengths and competitive advantages,” Fraser said in a statement, adding Mexico remains “a priority market” for Citigroup’s institutional businesses.

“We expect Mexico to be a major recipient of global investment and trade flows in the years ahead, and we are confident about the country’s trajectory,” she said.

MERGER BINGE

Citigroup’s acquisition of Banamex was one of several led by Sandy Weill, CEO from 1998-2003, who built the bank into a U.S. giant and, some analysts believe, set it up for its problems.

Institutional investors and analysts, such as Mike Mayo of Wells Fargo, have long called for Citigroup to give up Citibanamex which they saw as drag on its investment returns.

Fraser’s predecessor as CEO, Mike Corbat, had invested more in Citibanamex even after it suffered loan losses in a massive fraud involving a supplier to Mexico’s state oil company.

Citigroup shares rose as much as 1% in after-market trading.

The bank did not estimate the cost of exiting the business or what it might receive in a sale. The business currently uses about $4 billion of tangible common equity.

The Mexico consumer businesses provided about $3.5 billion in revenue in the first three quarters of 2021 and $1.2 billion in pre-tax earnings, Citigroup said. They include $44 billion of Citigroup’s $2.36 trillion of total assets.

Citigroup said the timing of the exit is subject to regulatory approvals in the United States and Mexico.

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Additional reporting by David French and Noel Randewich; Editing by Howard Goller, Aurora Ellis and Muralikumar Anantharaman

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First Colombian with non-terminal illness dies legally by euthanasia

BOGOTA, Jan 8 (Reuters) – Colombian Victor Escobar became the first person in the Andean country with a non-terminal illness to die by legally regulated euthanasia late on Friday, his lawyer Luis Giraldo confirmed.

“We reached the goal for patients like me, who aren’t terminal but degenerative, to win this battle, a battle that opens the doors for the other patients who come after me and who right now want a dignified death,” Escobar, 60 said in a video message sent to media by Giraldo.

On Saturday, a second Colombian, a woman with amyotrophic lateral sclerosis (ALA), also known as Lou Gehrig’s Disease, was euthanized.

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Escobar suffered from end-stage chronic obstructive pulmonary disease, which greatly diminishes quality of life, as well as a number of other conditions, Giraldo told Reuters.

The procedure took place in a clinic in Cali, the capital city of Colombia’s Valle del Cauca province.

“I’m not saying goodbye, just ‘see you later,'” Escobar said.

Escobar had fought two-years for his right to euthanasia in the face of opposition from doctors, clinics and courts, even though the Constitutional Court last year recognized the procedure should not be available just for the terminally ill.

On Saturday, Martha Sepulveda underwent the procedure in the city of Medellin at midday, DescLAB – who supported her case – said in a statement.

Sepulveda, who had been diagnosed with Lou Gehrig’s disease in 2018, was due to be euthanized on Oct. 10 last year, but the procedure was halted at the eleventh hour.

Colombia’s Constitutional Court removed penalties for euthanasia under certain circumstances in 1997 and ordered the procedure to be regulated in 2014. The first person in Colombia with a terminal illness to die under those rules was in 2015.

As of Oct. 15 last year, 178 people with terminal illnesses had been legally euthanized in Colombia since 2015, according to Colombian legal rights advocacy group DescLAB.

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Reporting by Oliver Griffin and Luis Jaime Acosta
Editing by Mark Potter and David Gregorio

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Haitian prime minister survives weekend assassination attempt -PM’s office

Haitian Prime Minister Ariel Henry speaks at a ceremony for his inauguration as Minister of Culture and Communication, in Port-au-Prince, Haiti November 26, 2021. REUTERS/Ralph Tedy Erol

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PORT-AU-PRINCE, Jan 3 (Reuters) – Gunmen unsuccessfully attempted to assassinate Haitian Prime Minister Ariel Henry during an event on Saturday commemorating the Caribbean country’s independence, his office said in a statement.

Henry’s office said on Monday that “bandits and terrorists” had tried to shoot the prime minister at a church in the northern city of Gonaives where the ceremony marking the 218th anniversary of independence was taking place.

Video footage broadcast on social media showed Henry and his entourage scrambling toward their vehicles as an armed group began shooting outside the cathedral in Gonaives.

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Haitian media pointed to possible gang involvement in the shooting, which they said killed one person and injured two more.

Gangs’ hold on parts of Haiti has strengthened since the assassination of President Jovenel Moise in July.

Police, who called Saturday’s attack the work of “armed groups,” were unable to immediately confirm casualties. Prior to the incident, a local gang boss had made threats against Henry in local media.

The prime minister’s office said arrest warrants had been issued for the suspects who fired on Henry’s convoy.

The attack has renewed concerns about the safety of officials in Haiti since Moise’s assassination.

Henry, whose administration is facing mounting challenges to its legitimacy, was sworn in as prime minister barely two weeks after Moise’s killing at the hands of suspected mercenaries. The country has yet to set a date to elect Moise’s successor.

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Reporting by Gessika Thomas; Editing by Cynthia Osterman and Bill Berkrot

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Statue of Mexico president in opposition stronghold toppled after two days

MEXICO CITY, Jan 1 (Reuters) – A statue of Mexican President Andres Manuel Lopez Obrador that had been erected in an important opposition stronghold lasted just two days, the state prosecutor said, after photographs of the apparent vandalism were shared on social media.

The statue had been unveiled on Thursday by outgoing Mayor Roberto Tellez Monroy in the municipality of Atlacomulco in the central State of Mexico, the hometown of Lopez Obrador’s predecessor, Enrique Pena Nieto.

The National Regeneration Movement (MORENA) party Lopez Obrador heads had governed the municipality until recently before it fell back to the Institutional Revolutionary Party, or PRI, that has long ruled it.

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“The statue was demolished,” a spokesman at the state prosecutor’s office said. “It was an apparent act of vandalism.”

In order to start an investigation, the prosecutor’s office needs a complaint he said has so far not been presented.

Photographs shared on social media showed the headless statue lying on the ground.

Lopez Obrador remains popular in Mexico, with his approval rating at 64.3%, according to the latest Mitofsky poll on Saturday.

Atlacomulco city council did not immediately respond to requests for information on the incident.

In the past, Lopez Obrador has said that he does not agree with the erection of images of his person.

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Reporting by Lizbeth Diaz;
Editing by Sandra Maler

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Sinovac COVID-19 shot with Pfizer booster less effective against Omicron – study

The Sinovac vaccine is pictured at StarMed Specialist Centre, a private medical centre, in Singapore July 13, 2021. REUTERS/Caroline Chia

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Dec 31 (Reuters) – Sinovac’s two-dose COVID-19 vaccine followed by a booster Pfizer-BioNTech shot showed a lower immune response against the Omicron variant compared with other strains, according to a study by researchers.

The study, which has not been peer-reviewed yet, was conducted by researchers from Yale University, the Dominican Republic’s Ministry of Health and other institutions.

The Sinovac (SVA.O) two-dose regimen along with the Pfizer (PFE.N) shot produced an antibody response similar to a two-dose mRNA vaccine, according to the study. Antibody levels against Omicron were 6.3-fold lower when compared with the ancestral variant and 2.7-fold lower when compared with Delta.

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Akiko Iwasaki, one of the authors of the study, said on Twitter that CoronaVac recipients may need two additional booster doses to achieve protective levels needed against Omicron.

The two-dose Sinovac vaccine alone did not show any detectable neutralization against Omicron, according to the study that analysed plasma samples from 101 participants in the Dominican Republic.

A study from Hong Kong last week said that even three doses of the Sinovac vaccine did not produce enough antibody response against Omicron and that it had to be boosted by a Pfizer-BioNTech shot to achieve “protective levels.” read more

Sinovac’s CoronaVac and state-owned Sinopharm’s BBIBP-CorV vaccine are the two most-used vaccines in China and the leading COVID-19 shots exported by the country. Hong Kong has been using the Sinovac and Pfizer-BioNTech vaccines.

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Reporting by Jose Joseph and Shubham Kalia in Bengaluru; Editing by Ramakrishnan M.

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‘Christmas of our dreams’ turns to nightmare as Brazil floods level homes

ITAMBE, Brazil, Dec 28 (Reuters) – Juliana Reis, a 37-year-old from the isolated Brazilian town of Itambe, was finally reuniting for Christmas with her parents after months apart due to the pandemic.

“We really hoped it would be the Christmas of our dreams,” she told Reuters on Tuesday.

Soon their reunion turned to nightmare, however, as dramatic floods ripped through this portion of Bahia state in northeast Brazil.

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Late on Dec. 25 a dam collapsed some 27 km (17 miles) away, turning the nearby Verruga River into a violent torrent. read more

Reis and her parents survived only by swimming out of her house as it filled with water.

“When midnight arrived, this catastrophe happened,” she recalled of their panicked Christmas, while picking through the ruins of her now-flattened home.

“I just wanted everyone to stay alive.”

Juliana Reis, 37, stands near the rubble of her home which was destroyed by floods in Itambe, Bahia state, Brazil December 28, 2021. REUTERS/Amanda Perobelli

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Her home was one of some 5,000 destroyed in this state of 15 million. The flooding has displaced nearly 50,000 people and killed at least 20.

The state of Bahia has been suffering from flooding for weeks, as record rains followed a severe, months-long dry spell. The situation has deteriorated significantly in recent days, and more rain is forecast for some regions.

Rui Costa, Bahia’s governor, has called the floods the “worst disaster” in the state’s history and said vast swathes of the state looked as if they had been “bombarded.”

The federal government on Tuesday released 200 million reais ($35.5 million) in disaster relief funds and said more was on the way.

In Itambe alone, a town of roughly 22,000 people, 60 houses have collapsed so far, according to the mayor’s office.

Vitoria Rocha, 81, another Itambe resident whose house was destroyed, said it was hard to believe what she experienced was real.

“I can’t accept this. I can’t, because all this seems like a lie to me. My house completely destroyed, all my things destroyed,” she said in tears.

“Here is everything to me,” she said, gesturing to what was left of her house. “Because the only thing I have is my house, and it’s over.”

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Reporting by Leonardo Benassatto; Additional reporting by Patrícia Vilas Boas in Sao Paulo; Writing by Gram Slattery; Editing by Sandra Maler

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Parents of girl shot dead in dressing room by Los Angeles police call for justice

LOS ANGELES, Dec 28 (Reuters) – The parents of a girl killed in a clothing store dressing room by a Los Angeles police officer’s stray bullet last week called for justice on Tuesday, the day after police released video showing the chaotic moments leading to the fatal shooting.

The 14-year-old girl, Valentina Orellana-Peralta, was inadvertently shot dead in a North Hollywood store on Dec. 23 when a police officer opened fire on a man who was bludgeoning another shopper after accosting and menacing several others.

The suspect was killed. But police said one round from the officer’s rifle apparently pierced the wall of a fitting room where the girl was hiding, out of view, with her mother, striking the teenager in the chest. The girl, who had been shopping for a dress, died instantly in her mother’s arms.

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“It is like my whole heart has been ripped out of my body,” her father, Juan Pablo Orellana Larenas, said in a statement read by the family’s attorney, Ben Crump, during a news conference outside of Los Angeles Police Department (LAPD) headquarters. “We want justice for our daughter. Valentina’s life mattered.”

The parents wept as they stood next to a wreath with flowers and photographs of their Chilean-born daughter. They wore signs around their necks that read “justice for my daughter” written in both English and Spanish.

The parents and their lawyers did not specify how they would like justice to be served.

The parents described their daughter as an exceptional student who aspired to become an engineer.

“She had great dreams of becoming an American citizen. She wanted to be here in the United States because this was the land of opportunity,” Crump said.

Orellana-Peralta was born and raised in Chile’s capital, Santiago, and came to the United States six months ago with her mother to visit an older sister, the Los Angeles Times reported.

Her mother had been working on documentation to stay in the United States with her daughter permanently.

Police Chief Michel Moore issued a statement promising a “thorough, complete and transparent” investigation. The California attorney general’s office also has opened an independent inquiry.

Store security video released on Monday showed the suspect’s erratic, threatening behavior after he entered the store with his bicycle, and the pandemonium that ensued as he began attacking customers with a heavy, metal cable lock.

Police also released recordings of 911 emergency calls from store employees and others reporting an armed suspect assaulting customers, triggering an evacuation.

Audio-video footage from several officers’ body-worn cameras showed the final, violent moments of the incident as police arrive on the scene with guns drawn and close in on the suspect, who was bludgeoning a woman.

The policeman nearest the suspect can be heard shouting, “She’s bleeding, she’s bleeding,” just before he rounds a corner and confronts the assailant, as the woman tries to crawl away.

The suspect, holding the bike lock and another large object in his hands, is seen standing with his back to the outside of the fitting room, several steps from the bleeding victim as the officer raises his rifle and fires three shots at him.

The man, identified as Daniel Elena-Lopez, 24, died at the scene. The Los Angeles Times has reported he had several prior felony convictions.

The 14-year-old girl was found shot to death shortly afterward in the dressing room as police searched the store for any additional victims, police said. The woman beaten with the cable lock was taken to a local hospital and survived.

The officer who fired the shots has been placed on administrative leave pending the investigation, police said.

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Reporting by Steve Gorman in Los Angeles; Writing and additional reporting by Brendan O’Brien in Chicago; Editing by Sandra Maler

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Dams burst in northeastern Brazil forcing evacuations

ILHEUS, Brazil, Dec 26 (Reuters) – Two dams gave way in the northeastern Brazilian state of Bahia after weeks of heavy rains, swamping already swollen local rivers and threatening flash floods, regional authorities said on Sunday.

The Igua dam, near the city of Vitoria da Conquista in southern Bahia, collapsed on Saturday night, leading authorities to evacuate residents at risk down river, mainly in the town of Itambe.

A second dam gave way to rising water levels in Jussiape, 100 kilometers to the north, on Sunday morning, bringing more alerts for residents to move to safer ground.

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There were no reports of deaths or injuries, though bridges and roads were damaged.

“A dam with a large volume of water has collapsed and a strong flash flood will impact the municipality of Itambe,” the Itambe town hall posted on its official Instagram account on Saturday night.

“All residents should evacuate the margins of the Verruga river urgently,” it added. Itambe is an agricultural region in southern Bahia located about 200 kms (125 miles) inland from the coastal city of Ilheus.

The mayor of Vitoria da Conquista, Sheila Lemos, said all residents close to the river had been evacuated.

In a posting on the city’s website, Lemos said the flooding threatened to cut off the BR-116 highway, a major truck route between northeastern and southern Brazil.

Bahia Governor Rui Castro said at least 400,000 people have been impacted by the heavy rains and thousand evacuated from some 67 towns facing emergency situationsdue to floods caused by heavy rainfall for almost two months.

“Thousands of people have had to leave their homes because the water rose one or two meters, even three meters in some places,” he told reporters on Saturday.

The rains have caused 18 deaths in Bahia since the beginning of November, including a 60-year-old ferry owner who drowned on the swollen Rio das Contas river, civil defense officials said.

In the state capital of Salvador, weather officials said December rainfall has been six times greater than the average.

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Reporting by Leonardo Benassatto and Stephen Eisenhammer, writing by Anthony Boadle, Editing by Emelia Sithole-Matarise and Chizu Nomiyama

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NASA’s revolutionary new space telescope due for launch from French Guiana

Dec 25 (Reuters) – NASA’s James Webb Space Telescope, a revolutionary $9 billion instrument able to peer more deeply into the cosmos than ever, was due for launch early Saturday from South America’s northeastern coast, opening a highly anticipated new era of astronomical exploration.

The powerful infrared telescope, hailed by NASA as the premiere space-science observatory of the next decade, was packed inside the cargo bay of an Ariane 5 rocket poised for blastoff at 7:20 a.m. EST (1220 GMT) from the European Space Agency’s (ESA) launch base in French Guiana.

If all goes according to plan, the 14,000-pound instrument will be released from the French-built rocket after a 26-minute ride into space.

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The Webb telescope will then take a month to coast to its destination in solar orbit roughly 1 million miles from Earth – about four times farther away than the moon. And Webb’s special orbital path will keep it in constant alignment with Earth as the planet and telescope circle the sun in tandem.

By comparison, Webb’s 30-year-old predecessor, the Hubble Space Telescope, orbits Earth itself from 340 miles away, passing in and out of the planet’s shadow every 90 minutes.

Named for the man who oversaw NASA through most of its formative decade of the 1960s, Webb is about 100 times more sensitive than Hubble and is expected to profoundly transform scientists’ understanding of the universe and our place in it.

Webb mainly will view the cosmos in the infrared spectrum, allowing it to peer through clouds of gas and dust where stars are being born, while Hubble has operated primarily at optical and ultraviolet wavelengths.

COSMOLOGICAL HISTORY LESSON

The new telescope’s primary mirror – consisting of 18 hexagonal segments of gold-coated beryllium metal – also has a much bigger light-collecting area, enabling it to observe objects at greater distances, thus farther back into time, than Hubble or any other telescope.

That, astronomers say, will bring into view a glimpse of the cosmos never previously seen – dating to just 100 million years after the Big Bang, the theoretical flashpoint that set in motion the expansion of the observable universe an estimated 13.8 billion years ago.

Hubble’s view reached back to roughly 400 million years following the Big Bang, revealing objects that Webb will be able to re-examine with far greater clarity.

Aside from examining the formation of the earliest stars in the universe, astronomers are eager to study super-massive black holes believed to occupy the centers of distant galaxies.

Webb’s instruments also make it ideal to search for evidence of potentially life-supporting atmospheres around scores of newly documented exoplanets – celestial bodies orbiting distant stars – and to observe worlds much closer to home, such as Mars and Saturn’s icy moon Titan.

The telescope is an international collaboration led by NASA in partnership with the European and Canadian space agencies. Northrop Grumman Corp (NOC.N) was the primary contractor. The Arianespace launch vehicle is part of the European contribution.

Webb was developed at a cost of $8.8 billion, with operational expenses projected to bring its total price tag to about $9.66 billion, far higher than planned when NASA was previously aiming for a 2011 launch. read more

Astronomical operation of the telescope, to be managed from the Space Telescope Science Institute in Baltimore, is expected to begin in the summer of 2022, following about six months of alignment and calibration of Webb’s mirrors and instruments.

It is then that NASA expects to release the initial batch of images captured by Webb, though scientists are keeping mum about where precisely they plan to point the telescope first. Webb is designed to last up to 10 years.

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Reporting by Steve Gorman in Los Angeles; Editing by Cynthia Osterman

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Hong Kong university dismantles, removes Tiananmen statue

HONG KONG, Dec 23 (Reuters) – A leading Hong Kong university has dismantled and removed a statue from its campus site that for more than two decades has commemorated pro-democracy protesters killed during China’s Tiananmen Square crackdown in 1989.

The artwork, of anguished human torsos, is one of the few remaining public memorials in the former British colony to remember the bloody crackdown that is a taboo topic in mainland China, where it cannot be publicly commemorated.

Known as the “Pillar of Shame,” the statue was a key symbol of the wide-ranging freedoms promised to Hong Kong at its 1997 return to Chinese rule, which differentiated the global financial hub from the rest of China.

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The city has traditionally held the largest annual vigils in the world to commemorate the Tiananmen Square crackdown.

The Council of the University of Hong Kong (HKU) said in an early Thursday statement it made the decision to remove the statue during a Wednesday meeting, “based on external legal advice and risk assessment for the best interest of the University”.

“The HKU Council has requested that the statue be put in storage, and that the University should continue to seek legal advice on any appropriate follow up action,” it said.

Late on Wednesday night, security guards placed yellow barricades around the eight-metre (26-foot) high, two-tonne copper sculpture.

Two Reuters journalists saw scores of workmen in yellow hard hats enter the statue site, which had been draped on all sides by white plastic sheeting and was being guarded by dozens of security personnel.

Loud noises from power tools and chains emanated from the closed off area for several hours before workmen were seen carrying out the top half of the statue and winching it up on a crane towards a waiting shipping container.

A truck later drove the container away early on Thursday. The site of the statue was covered in white plastic sheets and surrounded by yellow barricades. University staff later placed pots of Poinsettia flowers, a popular Christmas decoration in Hong Kong, around the barricades.

‘MEMORIES WRITTEN WITH BLOOD’

Several months ago, the university had sent a legal letter to the custodians of the statue, a group which organised the annual June 4 vigils and has since disbanded amid a national security investigation, asking for its removal.

A June 4 museum was raided by police during the investigation and shut, and its online version cannot be accessed in Hong Kong. read more

The eight-metre-high “Pillar of Shame” by Danish sculptor Jens Galschiot to pay tribute to the victims of the Tiananmen Square crackdown in Beijing on June 4, 1989 is seen before it is set to be removed at the University of Hong Kong (HKU) in Hong Kong, China October 12, 2021. REUTERS/Tyrone Siu/Files

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Danish sculptor Jens Galschiot, who created the statue, said in a statement he was “totally shocked” and that he would “claim compensation for any damage” to his private property.

Galschiot, who values the statue at around $1.4 million, had offered to take it back to Denmark, but said his presence in Hong Kong was necessary for the complex operation to go well and asked for reassurances he would not be prosecuted. read more

HKU said in its statement that no party had ever obtained approval to display the statue on its campus and that it had the right to take “appropriate actions” any time. It also called the statue “fragile” and said it posed “potential safety issues.”

Tiananmen survivor Wang Dan, who now lives in the United States, condemned the removal in a Facebook post as “an attempt to wipe off history and memories written with blood.”

The campus was quiet early on Thursday, with students on holiday. Some students dropped by the campus overnight after hearing the news.

“The university is a coward to do this at midnight,” said 19-year-old student surnamed Chan. “I feel very disappointed as it’s a symbol of history.”

Another student surnamed Leung said he was “heart-broken” to see the statue “being cut into pieces”.

TIANANMEN ERASED

The removal of the statue is the latest step targeting people or organisations affiliated with the sensitive June 4, 1989, date and events to mark it.

Authorities have been clamping down in Hong Kong under a China-imposed national security law that human rights activists say is being used to suppress civil society, jail democracy campaigners and curb basic freedoms.

Authorities say the law has restored order and stability after massive street protests in 2019. They insist freedom of speech and other rights remain intact and that prosecutions are not political.

China has never provided a full account of the 1989 Tiananmen Square crackdown. Officials gave a death toll of about 300, but rights groups and witnesses say thousands may have been killed.

“What the Communist Party wants is for all of us to just forget about this (Tiananmen). It’s very unfortunate,” John Burns, a political scientist at the university for over 40 years who had called for the statue to remain, told Reuters.

“They would like it globally to be forgotten.”

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Additional reporting by Sara Cheng, Alun John, Eduardo Baptista and Marius Zaharia; Writing by James Pomfret and Marius Zaharia; Editing by Sonya Hepinstall and Michael Perry

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