Tag Archives: TOPCMB

Prince Andrew ‘unequivocally’ denies Giuffre’s sexual abuse claims, seeks to end lawsuit

NEW YORK, Oct 29 (Reuters) – Britain’s Prince Andrew on Friday rejected Virginia Giuffre’s accusations that he sexually abused her more than two decades ago when she was 17, and urged a U.S. judge to dismiss her civil lawsuit.

In filings with the U.S. District Court in Manhattan, the Duke of York called Giuffre’s “baseless” lawsuit an effort to “achieve another payday” from her accusations against the late financier Jeffrey Epstein and his associates.

Andrew, 61, who is Queen Elizabeth’s second son, also said he was released from liability under a 2009 settlement agreement between Giuffre and Epstein, a registered sex offender.

He said that agreement covered “royalty,” among others, and that Epstein had insisted it cover “any and all persons” who Giuffre might sue.

“Virginia Giuffre may well be a victim of sexual abuse at the hands of Jeffrey Epstein, and nothing can excuse, nor fully capture, the abhorrence and gravity of Epstein’s monstrous behavior against Giuffre, if so,” Andrew’s lawyers wrote.

“However, and without diminishing the harm suffered as a result of Epstein’s alleged misconduct, Prince Andrew never sexually abused or assaulted Giuffre,” they added. “He unequivocally denies Giuffre’s false allegations against him.”

David Boies, a lawyer for Giuffre, said in a statement that Andrew’s bid to dismiss the lawsuit “fails to confront the serious allegations” it contained.

He also said the settlement agreement “on its face” applies “at most” to people involved in underlying litigation in Florida, thereby excluding the prince.

“Prince Andrew’s attempt now to use the 2009 release as a get out of jail free card shows how desperate he is to dodge and duck the facts of what he did,” Boies said.

Epstein killed himself at age 66 in a Manhattan jail in August 2019 while awaiting trial on sex trafficking charges.

CONSTITUTIONAL CHALLENGE

Giuffre, 38, sued Andrew for unspecified damages in August, accusing him of forcing her to have sex at the London home of Ghislaine Maxwell, a longtime Epstein associate.

She also accused Andrew of abusing her at Epstein’s mansion in Manhattan, and on one of Epstein’s private islands in the U.S. Virgin Islands.

In Friday’s filings, Andrew’s lawyers said Giuffre had already “purportedly received millions of dollars” from settling a 2015 defamation lawsuit against Maxwell, where according to court papers she had sought $50 million.

The lawyers said they would also challenge a 2019 New York law that gave survivors of childhood sexual abuse a now-closed two-year window to sue their alleged abusers over conduct occurring many years or decades earlier.

That law allowed Giuffre to pursue her case, but according to the lawyers deprived the prince of his due process rights under New York’s state constitution.

The office of New York Attorney General Letitia James, the state’s top law enforcer, did not immediately respond to requests for comment.

Andrew has not been charged with crimes.

He gave up many royal duties and lost support from charities and organizations after a disastrous November 2019 BBC interview in which he did not appear sympathetic toward Epstein’s victims.

The next hearing in Giuffre’s lawsuit is set for Nov. 3.

Giuffre was sued separately for $20 million on Thursday for allegedly defaming on Twitter an artist who has said she brought women to Epstein but denied being a recruiter.

The artist, Rina Oh Amen, sued over tweets including that she “procured & partook in the abuse of minors.” Amen called the tweets “maliciously false,” and said Epstein also abused her.

Maxwell, 59, has pleaded not guilty to sex trafficking and other charges for allegedly helping recruit and groom underage girls for Epstein to abuse between 1994 and 2004. Her trial in Manhattan begins on Nov. 29.

Reporting by Jonathan Stempel in New York; Editing by Leslie Adler and Daniel Wallis

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Saudi-Lebanon diplomatic crisis worsens as envoy expelled, imports banned

  • Mikati cabinet in crisis as Saudi dispute spirals
  • Iran-backed Hezbollah issued statement in support of Kordahi
  • Ban on imports as Lebanon struggles with deep financial meltdown
  • Mikati asks minister to ‘make right decision’

BEIRUT, Oct 29 (Reuters) – Saudi Arabia ordered the Lebanese ambassador to the kingdom to leave within 48 hours on Friday and banned all Lebanese imports in response to critical comments made by a Lebanese minister about the Saudi-led military intervention in Yemen.

The diplomatic rupture throws Lebanon’s cabinet into further crisis as it tries to rally Arab support for its ailing economy.

Saudi Arabia also recalled its ambassador to Lebanon for consultations, the Saudi state news agency SPA reported.

Riyadh’s decision comes days after an interview with Information Minister George Kordahi was aired by an online show affiliated with Qatar’s al Jazeera network.

Kordahi, in comments made on Aug. 5, called the war futile, said Yemen was subjected to an aggression and that its Iran-aligned Houthis were defending themselves. read more

The dispute is the latest challenge to Prime Minister Najib Mikati’s cabinet which is already in political paralysis over a row around the Beirut port blast probe.

The rift risks widening to more Gulf states with Bahrain also asking Lebanon’s ambassador to leave shortly after the Saudi decision.

Mikati, in a phone call with Kordahi on Friday evening, asked him to put the national interest first and “take the right decision to fix Arab relations with Lebanon,” a statement by his office said.

Sources with knowledge of the matter had told Reuters the Saudi escalation was piling pressure on Kordahi to resign in order to avert further consequences.

Mikati earlier reiterated his government’s commitment to good relations with Saudi Arabia and called for Arab partners to put the latest crisis behind them but stopped short of announcing concrete action to remedy the crisis.

“We also appeal brotherly Arab leaders to work and help to overcome this crisis in order to preserve Arab cohesion,” the statement said.

Kordahi has said the show was recorded nearly a month before he took office and he would not resign over the incident.

Mikati has been hoping to improve ties with Gulf Arab states which have been strained for years because of the influence wielded in Beirut by the Iran-backed Shi’ite group Hezbollah.

“The control of the terrorist Hezbollah on the decision-making of the Lebanese state made Lebanon an arena for implementing projects for countries that don’t wish Lebanon and its people well,” the statement carried by SPA said.

Hezbollah issued a statement praising Kordahi’s comments on Thursday.

In April, Saudi Arabia banned all fruit and vegetable imports from Lebanon blaming an increase in drug smuggling.

The ban added to the economic woes of Lebanon, already in the throes of one of the modern times’ deepest financial crises.

Reporting by Laila Bassam and Maha El Dahan; additional reporting by Omar Fahmy and Lilian Wagdy; writing by Maha El Dahan; Editing by Raissa Kasolowsky, Toby Chopra and Daniel Wallis

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Move over Apple, Microsoft now the world’s most valuable company

Microsoft logo is seen on the smartphone in front of displayed Apple logo in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration

Oct 29 (Reuters) – Apple Inc (AAPL.O) lost its crown as the world’s most valuable public company to Microsoft Corp (MSFT.O) on Friday, as the iPhone maker’s shares continued their downward slide.

Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to a nagging global supply chain problem, leading to a miss on Wall Street expectations. Top boss Tim Cook said the impact will be even worse in the current holiday sales quarter. read more

“Compared to less hardware focused FAANG peers, Apple is also a lot more exposed to supply chain disruption,” said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown.

Cupertino, California-based Apple’s shares were down 3.6% at $147, implying a market capitalization of $2.41 trillion. The Windows software maker’s shares were up 0.7% at $326.8 at a market valuation of $2.46 trillion. Microsoft’s shares were trading at a record high.

Apple, which has repurchased $421.7 billion over the years, had announced a massive $90 billion share buyback in April. As a result, the company’s outstanding stock pool keeps shrinking, ending its fiscal fourth quarter with 16.4 billion shares.

Microsoft’s stock has surged more than 45% this year, with pandemic-induced demand for its cloud-based services driving sales. Shares of Apple have climbed 15% so far this year.

Apple’s stock market value overtook Microsoft’s in 2010 as the iPhone made it the world’s premier consumer technology company. The companies have taken turns as Wall Street’s most valuable business in recent years, with Apple holding the title since mid-2020.

Analysts say Apple has managed the supply chain issue well, but with Cook warning of more pressure, the door is open to a hit to its performance as the holiday season kicks in.

In contrast, Microsoft on Tuesday forecast a strong end to the calendar year thanks to its booming cloud business, but it warned that supply-chain woes will continue to dog key units, such as those producing its Surface laptops and Xbox gaming consoles. read more

Reporting by Subrat Patnaik and Sruthi Shankar in Bengaluru; Editing by Bernard Orr, Saumyadeb Chakrabarty and Maju Samuel

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Evergrande makes coupon payment before Friday deadline -sources

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song

HONG KONG, Oct 29 (Reuters) – Developer China Evergrande Group has made an interest payment for an offshore bond before a grace period expired on Friday, two people with direct knowledge of the matter said, narrowly averting a catastrophic default for the second time in a week.

Evergrande (3333.HK), once China’s top-selling developer, is reeling under more than $300 billion in liabilities, fuelling worries about the impact of its fate on the world’s second-largest economy as well as on global markets. read more

The property developer, which staved off a default last week by securing $83.5 million for the last-minute payment of interest on a bond, needed to make $47.5 million in coupon payments to bondholders by Friday.

A failure to pay by the Friday deadline would have triggered cross-defaults on all of the company’s $19 billion worth of bonds in international capital markets, in what would have been the world’s second-largest emerging market corporate debt default.

Evergrande did not respond to Reuters’ request for comment. The people declined to be identified due to the sensitivity of the matter.

Reuters was not able to determine the source of the funds used to make the interest payments. Bloomberg News reported earlier this week that Chinese authorities had urged Evergrande’s founder, Hui Ka Yan, to pay the developer’s debts out of his personal wealth.

Shares of Evergrande gave up early gains to fall about 0.8% by late morning on Friday, versus a 0.3% decline in the Hang Seng Index (.HSI). The Hang Seng Mainland Properties Index (.HSMPI) fell about 0.9%, while an index of developers’ mainland A-shares (.CSI000952) dropped 3.6%.

Prices of the developer’s bonds jumped higher on Friday, with its 11.5% January 2023 bond surging more than 9%, and its 12% January 2024 bond up nearly 8% on the day, data from Duration Finance showed.

That still left them trading at discounts of more than 75% from their face value, with the 2023 bond yielding nearly 190%.

One bondholder said he maintained a negative outlook for the developer despite it making the coupon payment.

“I only think they are buying time at this point,” the bondholder said.

Evergrande missed coupon payments totalling nearly $280 million on its dollar bonds on Sept. 23, Sept. 29 and Oct. 11, beginning 30-day grace periods for each.

It still has nearly $338 million in other offshore coupon payments coming due in November and December.

The New York Times earlier reported that the developer made an interest payment, citing a person speaking on condition of anonymity.

“Evergrande has tried its best to solve liquidity problems, but it’s a little bit difficult to gather enough capital to pay all the debt,” said Cliff Zhao, chief strategist at China Construction Bank International in Hong Kong.

“I think there (will) be some negotiations between Evergrande and its lenders, so some sort of haircut is still possible. The market still needs some time to digest and to price this in.”

DEBT CRISIS

Evergrande’s woes have snowballed for months and its dwindling resources set against its vast liabilities have wiped out 80% of its value, leading some analysts to consider default at some point inevitable. read more

Even as Evergrande secures funds to make payments, other Chinese developers whose fortunes have been hit by market concerns over Evergrande’s debt crisis have slid into formal default.

Fantasia Holdings Group Co Ltd (1777.HK), Sinic Holdings (Group) Co Ltd (2103.HK), China Properties Group Ltd (1838.HK) and Modern Land (China) Co Ltd (1107.HK) have all defaulted on dollar debt obligations this month.

Other developers with significant dollar debt have proposed extending offshore bond maturities or undertaking debt restructuring in a meeting with regulators, sources have said. read more

In a meeting with developers this week, China’s National Development and Reform Commission (NDRC) and the State Administration for Foreign Exchange told developers facing large offshore debt maturities to evaluate repayment risk and report difficulties.

The NDRC also implored developers to meet offshore debt obligations, and maintain their reputations and market order. read more

“Selective defaults in the offshore market are emphatically not acceptable for the authorities, and the NDRC clarification this week should reassure offshore investors that they will be treated fairly alongside onshore investors,” DBS strategist Wei Liang Chang said in a client note.

Even developers who have not defaulted have seen their share and bond prices walloped. On Friday, Chinese Estates Holdings Ltd (0127.HK) said it would book an aggregate loss of HK$1.36 billion in the current fiscal year from the sale of all of its bonds issued by peer Kaisa Group Holdings Ltd (1638.HK).

Concerns over the systemic impact of a default by Evergrande have widened spreads on Chinese high-yield dollar debt (.MERACYC) to record levels as investors demand higher risk premiums.

Investor worries have also kept the cost of insuring against default on China’s sovereign debt elevated. That cost earlier this month touched its highest level since the height of the pandemic in 2020.

BANK EXPOSURE

Founded in Guangzhou in 1996, Evergrande epitomised a freewheeling era of borrowing and building. But that business model has been scuttled by hundreds of new rules designed to curb developers’ debt frenzy and promote affordable housing.

Any prospect of Evergrande’s demise raises questions over the fate of more than 1,300 real estate projects it has ongoing in some 280 cities.

Bank exposure to developers is also extensive.

A leaked 2020 document, branded fake by Evergrande but taken seriously by analysts, showed the developer’s liabilities extended to more than 128 banks and over 121 non-banking institutions.

Reporting by Svea Herbst-Bayliss, Clare Jim and Andrew Galbraith; Additional reporting by Tom Westbrook; Writing by Megan Davies and Sumeet Chatterjee; Editing by Stephen Coates and Christopher Cushing

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Facebook changes its company name to Meta

Facebook Chairman and CEO Mark Zuckerberg addresses the audience on “the challenges of protecting free speech while combating hate speech online, fighting misinformation, and political data privacy and security,” at a forum hosted by Georgetown University’s Institute of Politics and Public Service (GU Politics) and the McCourt School of Public Policy in Washington, U.S., October 17, 2019. REUTERS/Carlos Jasso

Oct 28 (Reuters) – Facebook Inc (FB.O) said on Thursday it would rebrand as Meta, a name change that comes as the company battles criticisms from lawmakers and regulators over its market power, its algorithmic decisions and the policing of abuses on its platforms.

The tech giant said the change would bring together its different apps and technologies under one new brand. It said it would not change its corporate structure.

CEO Mark Zuckerberg, speaking at the company’s live-streamed virtual and augmented reality conference, said the new name reflected its focus on building the metaverse.

The metaverse, a term first coined in a dystopian novel three decades ago and now attracting buzz in Silicon Valley, refers broadly to the idea of a shared virtual environment which can be accessed by people using different devices.

Reporting by Elizabeth Culliford in New York and Sheila Dang in Dallas
Editing by Matthew Lewis

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Biden vows to stand with SE Asia in defending freedom of seas, democracy

  • Biden pledges to defend freedom of the seas
  • U.S. concerned by China’s “coercive and proactive actions” across Taiwan Strait
  • China’s Premier Li says upholding peace in South China Sea in everyone’s interest

BANDAR SERI BEGAWAN, Oct 27 (Reuters) – President Joe Biden said on Wednesday the United States would stand with Southeast Asian allies in defending freedom of the seas, democracy and human rights and backed efforts to hold the Myanmar junta accountable to its commitments to peace.

Southeast Asia has become a strategic battleground between the United States and China, which controls most of the South China Sea and has turned up military and political pressure on fiercely democratic Taiwan, a self-ruled island it considers its own.

Australia and the Association of Southeast Asian Nations (ASEAN) agreed on Wednesday at a virtual regional summit to establish a “comprehensive strategic partnership”, a sign of Canberra’s ambition to play a bigger role in the region.

Biden joined Southeast Asian leaders in rebuking Myanmar’s junta as the summit opened on Tuesday without a representative from the country following its top general’s exclusion for ignoring peace proposals.

“In Myanmar, we must address the tragedy caused by the military coup which is increasingly undermining regional stability,” Biden said on Wednesday.

“The United States stands for the people of Myanmar and calls for military regime to end the violence, release all political prisoners and return to the path of democracy.”

He also said the United States was deeply concerned by “China’s coercive and proactive actions” across the Taiwan Strait, a waterway linking the island and the mainland.

Tensions between Taiwan and China have escalated in recent weeks as Beijing raises military and political pressure.

That has included repeated missions by Chinese warplanes in Taiwan’s air defence identification zone, or ADIZ, which covers a broader area than Taiwan’s territorial air space which Taiwan monitors and patrols to give it more time to respond to any threats.

China has never renounced the use of force to ensure eventual unification with Taiwan.

Chinese Premier Li Keqiang told the summit upholding peace, stability, freedom of navigation and overflight in the South China Sea was in everyone’s interest.

“The South China Sea is our common home,” he said.

REGIONAL ECONOMIC FRAMEWORK

Biden also said he would speak out for “human rights in Xinjiang and Tibet (and) the rights of the people of Hong Kong”.

China denies human rights abuses in farwestern Xinjiang and the Himalayan region of Tibet. It also denies meddling with freedoms in the former British colony of Hong Kong.

Biden also announced discussions with partners in the IndoPacific region would start to develop a framework “that will position all of our economies for the future”.

“We look forward to working together with digital economy standards on infrastructure and regional connectivity, on supply chain resilience and anti-corruption and worker standards and so much more,” he said

Critics of U.S. strategy for the region point to its lack of an economic component after former President Donald Trump withdrew from the trade deal now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in 2017.

Japanese Prime Minister Fumio Kishida told reporters he had stressed in Wednesday’s meetings his country’s resolute stance on “urgent regional situations”, including the East and South China Seas, North Korea and Myanmar.

“I also mentioned human rights situations in Hong Kong and Xinjiang, as well as the importance of peace and stability in the Taiwan strait,” he said.

Australian Prime Minister Scott Morrison said the Australia-ASEAN pact would strengthen diplomatic and security ties and promised Canberra would “back it with substance”.

“This milestone underscores Australia’s commitment to ASEAN’s central role in the Indo-Pacific and positions our partnership for the future,” he said in a joint statement with Foreign Minister Marise Payne.

Brunei, serving as chair of ASEAN, said the agreement “marked a new chapter in relations.”

After the announcement, Australia said it would invest $154 million in projects in Southeast Asia on health and energy security, counter-terrorism, fighting transnational crime, plus hundreds of scholarships.

China has sought a similar agreement with ASEAN. Premier Li met ASEAN leaders on Tuesday, and the bloc’s leaders will meet Chinese President Xi Jinping in November at a virtual summit, two diplomatic sources told Reuters.

Morrison sought to reassure ASEAN that a trilateral security pact agreed last month between the United States, Britain and Australia, under which Australia will get access to nuclear-powered submarines, would not be a threat to the region.

Reporting by Ain Bandial in Bandar Seri Begawan and Tom Allard in Sydney; Additional reporting by Stanley Widianto in Jakarta; Kiyoshi Takenaka in Tokyo, Colin Packham in Canberra, David Brunnstrom in Washington and Neil Jerome Morales in Manila; Writing by Martin Petty and Nick Macfie; Editing by Simon Cameron-Moore, Jon Boyle and Sonya Hepinstall

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U.S. demand for oil surges, depleting tanks in Oklahoma

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base

NEW YORK, Oct 27 (Reuters) – Crude oil tanks at the Cushing, Oklahoma storage and delivery hub for U.S. crude futures are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months.

U.S. demand for crude among refiners making gasoline and diesel has surged as the economy has recovered from the worst of the pandemic. Demand across the globe means other countries have looked to the United States for crude barrels, also boosting draws out of Cushing.

Analysts expect the draw on inventories to continue in the short-term, which could further boost U.S. crude prices that have already climbed by about 25% in the last two months. The discount on U.S. crude futures to the international Brent benchmark should stay narrow.

“Storage at Cushing alone has the potential to really rally the market to the moon,” said Bob Yawger, director of energy futures at Mizuho.

Cushing stockpiles have dropped to 27.3 million barrels, the lowest since October 2018, the Energy Information Administration said on Wednesday, or about half of where inventories were at this time a year ago. [EIA/S]

Inventories have fallen because of a ramp-up in U.S. demand, which has encouraged domestic refiners to keep crude at home to provide fuel such as gasoline and distillates to U.S. consumers, said Reid I’Anson, senior commodity analyst at Kpler.

In addition, U.S. production has been slow to recover from declines seen in 2020. At the end of 2019, the nation was producing roughly 13 million barrels of oil per day (bpd), but in recent weeks has been less than 11.5 million bpd. At the same time, product supplied by refineries – a proxy for demand – is about just 1% below pre-pandemic peaks.

Crude inventories at the Cushing, Oklahoma, storage hub fell 31.2 million barrels in the most recent week, the lowest since October 2018.

As a result, the spread between U.S. crude and Brent, has collapsed. The spread narrowed to roughly $1.09 a barrel this week from $4.47 earlier this month, which had been about the widest spread since May 2020.

In an additional sign of high short-term demand for U.S. crude, the premium for U.S. crude delivered this December versus December 2022
reached a high this week of $12.48 per barrel, most since at least 2014, according to Refinitiv Eikon data.

In the next three months, Rystad Energy expects refinery runs in the United States to increase by 500,000 to 600,000 barrels per day. This would outpace production gains of 300,000-400,000 bpd, and keep the spread between the two benchmarks narrow.

“Only if OPEC (the Organization of the Petroleum Exporting Countries) intervenes with more supply of crude or if COVID rears its ugly head again, curbing demand, this high volatility will come off,” said Mukesh Sahdev, senior vice president and head of downstream at Rystad Energy.

The U.S. crude discount to Brent has reached its narrowest recently since September 2020. Meanwhile, the premium for U.S. crude delivered this December versus December 2022 reached the most since at least 2014.

Reporting by Stephanie Kelly; Editing by David Gregorio and Marguerita Choy

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Myanmar a no-show at summit after ASEAN sidelines junta boss

  • Myanmar a test for ASEAN’s credibility – Thai PM
  • Malaysia backs chair’s call on Myanmar representation
  • U.S. security advisor meets Myanmar shadow govt
  • Myanmar rejects ASEAN exclusion move

BANDAR SERI BEGAWAN, Oct 26 (Reuters) – A Southeast Asian summit started on Tuesday without military-ruled Myanmar, after its junta refused to send a representative following its leader’s exclusion for ignoring a peace roadmap agreed six months ago.

The Association of Southeast Asian Nations (ASEAN) had said it would accept a non-political representative from Myanmar, but the junta said on Monday it would only agree to its leader or a minister attending.

Myanmar’s absence was not mentioned by either Brunei, the ASEAN chair, or the 10-member bloc’s secretary-general, at the opening of the virtual meeting.

ASEAN decided to sideline from the summit junta chief Min Aung Hlaing, who led a Feb. 1 coup against an elected government, for his failure to cease hostilities, allow humanitarian access and start dialogue with opponents, as agreed with ASEAN in April.

After Tuesday’s leaders meeting, Malaysian Prime Minister Ismail Sabri Yaakob said on Twitter he fully supported Brunei’s decision on Myanmar’s representation, while Thai counterpart Prayuth Chan-ocha said ASEAN’s dealings with Myanmar were crucial for its reputation and a test of its resolve.

“ASEAN’s constructive role in addressing this situation is of paramount importance and our action on this matter shall have a bearing on ASEAN’s credibility in the eyes of the international community,” Prayuth said, according to his office.

The sidelining of Min Aung Hlaing was a huge insult to the junta and a rare, bold step by a regional grouping known for its code of non-interference and engagement.

Myanmar’s military, which ruled the country for 49 of the past 60 years, objected strongly, accusing ASEAN of departing from its norms and of allowing itself to be influenced by other countries, including the United States.

ASEAN made the call days after its special envoy Erywan Yusof said he would not be given access to all parties in the country, including ousted leader Aung San Suu Kyi, who is charged with multiple crimes.

‘TRUST ASEAN’

Prayuth, a former coup leader in Thailand, urged Myanmar to follow its commitments and for Erywan to visit soon and make an “important first step in the process of confidence-building”.

Prayuth “expressed hope that Myanmar will trust ASEAN in helping Myanmar to achieve peace and harmony, as well as to return to the democratic process.”

Myanmar security forces have killed more than 1,000 civilians and detained thousands more, subjecting many to torture and beatings, according to United Nations envoys, who say the army’s excessive use of force has displaced tens of thousands of people.

Myanmar has rejected that as biased and exaggerated by unreliable sources and says the conflict is being stoked by “terrorists” allied with a shadow National Unity Government (NUG).

U.S. National Security Advisor Jake Sullivan met on Monday with representatives of the NUG, an alliance of pro-democracy groups, local militias and ethnic minority armies formed after the coup. read more

ASEAN leaders were due also to collectively meet leaders of the United States, China and South Korea.

U.S. President Joe Biden will attend a joint session of the ASEAN summit by video link.

Michael Vatikiotis, Asia Director of the Geneva-based Centre for Humanitarian Dialogue, said Myanmar’s junta “probably cares about being frozen out of the summit”, although it has a history of enduring international isolation.

“The question now is whether regional leaders will agree to engage with the parallel National Unity Government more formally, as the U.S. and EU has started to do,” he said.

Reporting Ain Bandial in Bandar Seri Begawan; Additional reporting by Tom Allard, A. Ananthalakshmi in Kuala Lumpur, Panu Wongcha-um in Bangkok; Writing by Kay Johnson and Martin Petty; Editing by Simon Cameron-Moore

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Facebook, YouTube take down Bolsonaro video over false vaccine claim

Brazil’s President Jair Bolsonaro reacts during a ceremony to sanction the bill that create the Federal Regional Court, at the Planalto Palace in Brasilia, Brazil October 20, 2021. REUTERS/Ueslei Marcelino/File Photo

RIO DE JANEIRO, Oct 25 (Reuters) – Facebook (FB.O)and YouTube have removed from their platforms a video by Brazilian President Jair Bolsonaro in which the far-right leader made a false claim that COVID-19 vaccines were linked with developing AIDS.

Both Facebook and Alphabet Inc’s (GOOGL.O) YouTube said the video, which was recorded on Thursday, violated their policies.

“Our policies don’t allow claims that COVID-19 vaccines kill or seriously harm people,” a Facebook spokesperson said in a statement on Monday.

YouTube confirmed that it had taken the same step later in the day.

“We removed a video from Jair Bolsonaro’s channel for violating our medical disinformation policy regarding COVID-19 for alleging that vaccines don’t reduce the risk of contracting the disease and that they cause other infectious diseases,” YouTube said in a statement.

According to the Joint United Nations Programme on HIV and AIDS (UNAIDS), COVID-19 vaccines approved by health regulators are safe for most people, including those living with HIV, the virus that causes acquired immunodeficiency syndrome, known as AIDS.

Bolsonaro’s office did not respond immediately to a request for comment outside normal hours.

In July, YouTube removed videos from Bolsonaro’s official channel in which he recommended using hydroxychloroquine and ivermectin against COVID-19, despite scientific proof that these drugs are not effective in treating the disease.

Since then, Bolsonaro has avoided naming both drugs on his live broadcasts, saying the videos could be removed and advocating “early treatment” in general for COVID-19.

Bolsonaro, who tested positive for the coronavirus in July last year, had credited his taking hydroxychloroquine, an anti-malarial drug, for his mild symptoms. While Bolsonaro himself last January said that he wouldn’t take any COVID-19 vaccine, he did vow to quickly inoculate all Brazilians. read more

In addition to removing the video, YouTube has suspended Bolsonaro for seven days, national newspapers O Estado de S. Paulo and O Globo reported, citing a source familiar with the matter.

YouTube did not respond to a separate Reuters request for comment regarding the suspension on Monday night.

Reporting by Pedro Fonseca in Rio de Janeiro; Additional reporting by Gram Slattery in Rio de Janeiro and Anthony Boadle in Brasilia; Writing by Gabriel Araujo; Editing by Leslie Adler

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Amazon’s Staten Island warehouse workers file petition for union election -NLRB

Oct 25 (Reuters) – Workers at an Amazon.com Inc (AMZN.O) warehouse in New York’s Staten Island have filed a petition to form a union, the U.S. National Labor Relations Board said on Monday.

Chris Smalls, a former employee at the warehouse, led the effort to collect the 2,000 signatures needed to petition regulators for a vote to organize.

For the last 6 months, workers at the Staten Island warehouse called “JFK8” and other nearby Amazon facilities have been organizing to form an independent union called the Amazon Labor Union (ALU).

The workers, who also raised safety concerns at the start of the pandemic, are demanding higher wages, job security, safer working conditions, more paid time off and longer breaks.

It is not clear when an election would be held if regulators green light the petition.

Amazon did not have an immediate comment on the petition.

The world’s biggest online retailer handily beat back an effort by the Retail, Wholesale and Department Store Union (RWDSU) to organize its Bessemer, Alabama, warehouse.

Workers rejected joining the RWDSU by a more than 2-to-1 margin this spring, but another vote could be held as the NLRB reviews union claims that Amazon violated labor laws during the election.

Shares of Amazon were down less than 1% in afternoon trading on Nasdaq.

Reporting by Nivedita Balu and Jeffrey Dastin; Writing by Anna Driver; Editing by Mark Porter

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