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Armoured vehicles deployed to major Myanmar cities after mass protests

Security forces in Myanmar opened fire to disperse protesters at a power plant on Sunday and armoured vehicles rolled into major cities as the new army rulers faced a ninth day of anti-coup demonstrations that saw hundreds of thousands on the streets.

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(Reuters) – Security forces in Myanmar opened fire to disperse protesters at a power plant on Sunday and armoured vehicles rolled into major cities as the new army rulers faced a ninth day of anti-coup demonstrations that saw hundreds of thousands on the streets.

Soldiers were deployed to power plants in the northern state of Kachin, leading to a confrontation with demonstrators, some of who said they believed the army intended to cut off the electricity.

The security forces fired to disperse protesters outside one plant in Kachin’s state capital Myitkyina, footage broadcast live on Facebook showed, although it was not clear if they were using rubber bullets or live fire.

As evening fell, armoured vehicles appeared in the commercial capital of Yangon, Myitkyina and Sittwe, the capital of Rakhine state, live footage broadcast online by local media showed, the first large-scale rollout of such vehicles across the country since the Feb. 1 coup.

The government and army could not be reached for comment.

The U.S embassy in Myanmar urged American citizens to “shelter in place”, citing reports of the military movements in Yangon. It also warned there was a possibility of a telecoms interruptions overnight between 1:00 a.m. and 9:00 a.m.

As well as the mass protests across Myanmar, the country’s military rulers were faced with a strike by government workers, part of a civil disobedience movement to protest against the coup that deposed the civilian government led by Aung San Suu Kyi.

Trains in parts of the country stopped running after staff refused to go to work, local media reported, while the military deployed soldiers to power plants where they were confronted by angry crowds.

The junta ordered civil servants to go back to work, threatening action. The army has been carrying out nightly mass arrests and on Saturday gave itself sweeping powers to detain people and search private property.

But hundreds of railway workers joined demonstrations in Yangon on Sunday, even as police went to their housing compound on the outskirts of the city to order them back to work. The police were forced to leave after angry crowds gathered, according to a live broadcast by Myanmar Now.

Richard Horsey, a Myanmar-based analyst with the International Crisis Group, said the work of many government departments had effectively ground to a halt.

“This has the potential to also affect vital functions – the military can replace engineers and doctors, but not power grid controllers and central bankers,” he said.

PROTESTS ACROSS NATION

Hundreds of thousands of people protested across the nation after a fearful night as residents formed patrols and the army rolled back laws protecting freedoms.

Engineering students marched through downtown Yangon, the biggest city, wearing white and carrying placards demanding the release of ousted leader Suu Kyi, who has been in detention since the coup and charged with importing walkie-talkies.

A fleet of highway buses rolled slowly through the city with horns blaring, part of the biggest street protests in more than a decade.

A convoy of motorbikes and cars drove through the capital Naypyitaw. In the southeastern coastal town of Dawei, a band played drums as crowds marched under the hot sun. In Waimaw, in Kachin state, crowds carried flags and sang revolutionary songs.

Many of the protesters nationwide held up images of Suu Kyi.

Her detention is due to expire on Monday. Her lawyer, Khin Maung Zaw, could not be reached for comment on what was set to happen.

More than 384 people have been detained since the coup, the monitoring group Assistance Association for Political Prisoners said, in a wave of mostly nightly arrests.

“While the international community is condemning the coup, Min Aung Hlaing is using every tool he has to instigate fears and instabilities,” activist Wai Hnin Pwint Thon from the UK-based rights group Burma Campaign UK said on Twitter, referring to the military ruler.

‘STOP KIDNAPPING PEOPLE’

Residents banded together late on Saturday to patrol streets in Yangon and the country’s second-largest city Mandalay, fearing arrest raids as well as common crime.

Worries about crime rose after the junta announced on Friday it would free 23,000 prisoners, saying the move was consistent with “establishing a new democratic state with peace, development and discipline”.

Tin Myint, a Yangon resident, was among the crowds who detained a group of four people suspected of carrying out an attack in the neighbourhood.

“We think the military intends to cause violence with these criminals by infiltrating them into peaceful protests,” he said.

He cited pro-democracy demonstrations in 1988, when the military was widely accused of releasing criminals into the population to stage attacks, later citing the unrest as a justification for extending their own power.

Also late on Saturday, the army reinstated a law requiring people to report overnight visitors to their homes, allowed security forces to detain suspects and search private property without court approval, and ordered the arrest of well-known backers of mass protests.

Suu Kyi’s National League for Democracy (NLD) won a landslide victory in a November election that the army said was tainted with fraud – an accusation dismissed by the electoral commission.

Writing by Poppy McPherson; Editing by Frances Kerry and Pravin Char

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Source: https://www.reuters.com/article/us-myanmar-politics/thousands-protest-myanmar-coup-after-night-of-fear-security-patrols-idUSKBN2AE01U

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Reuters

Chipmaker TSMC says too early to say on Germany expansion

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) said on Monday that it was too early to say whether it will build factories in Germany and that talks were in early stages, as the EU seeks to reduce chip imports amid a supply shortage.

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The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang

TAIPEI, July 26 (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) said on Monday that it was too early to say whether it will build factories in Germany and that talks were in early stages, as the EU seeks to reduce chip imports amid a supply shortage.

The European Commission had held discussions with global chip giants, including Intel (INTC.O) and TSMC, as the EU seeks to boost semiconductor production and shield itself from shocks in the global supply chain. read more

Taiwan and TSMC, the world’s largest contract chip manufacturer, have become central in efforts to resolve the pandemic-induced chip shortage that has forced automakers to cut production and hurt manufacturers of smartphones, laptops and even appliances.

“We are currently doing reviews on Germany seriously, but it’s still in very early stages,” TSMC chairman Mark Liu told an annual shareholder meeting when asked about building chip fabrication plants in the EU country.

“We continue to communicate with our major clients in Germany to see whether this is most important and effective for our clients,” he said. “It’s too early to say.”

TSMC signalled in July plans to build new factories in the United States and Japan amid concern over the concentration of chipmaking capability in Taiwan, which produces most of the world’s most advanced chips and is geographically close to political rival China. read more

On TSMC’s $12 billion factory in the U.S. state of Arizona, Liu said the expansion would support client demand, especially in infrastructure and national security.

“Clients are the backing of our global expansion. We will move very cautiously,” Liu said, adding that the company’s customers would help share costs of overseas operations.

TSMC announced this year plans to invest $100 billion over the next three years to increase capacity, riding on what it called a “multiple years of growth opportunities”, as the COVID-19 pandemic and new technologies drove global demand for advanced chips.

Reporting By Yimou Lee. Editing by Gerry Doyle

Our Standards: The Thomson Reuters Trust Principles.

Taiwan and TSMC, the world’s largest contract chip manufacturer, have become central in efforts to resolve the pandemic-induced chip shortage that has forced automakers to cut production and hurt manufacturers of smartphones, laptops and even appliances.

Source: https://www.reuters.com/technology/chipmaker-tsmc-says-too-early-say-germany-expansion-2021-07-26/

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EXCLUSIVE India watchdog accuses Amazon of concealing facts in deal for Future Group unit

India’s antitrust regulator has accused Amazon.com Inc (AMZN.O) of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed.

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A man walks past an Amazon logo outside the company’s collection point in Mumbai, India, March 19, 2021. REUTERS/Francis Mascarenhas

  • India antitrust watchdog threatens Amazon with fine, action
  • Amazon has yet to respond to antitrust body’s notice -source
  • CCI says Amazon made different statements at other legal forums

NEW DELHI, July 22 (Reuters) – India’s antitrust regulator has accused Amazon.com Inc (AMZN.O) of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed.

The letter complicates Amazon’s bitter legal battle with Future Group over the Indian’s firm’s decision to sell its retail assets to Reliance Industries (RELI.NS) – a matter that is now before India’s Supreme Court.

Amazon has argued that terms agreed upon in its 2019 deal to pay $192 million for a 49% stake in Future’s gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd (FRTL.NS) business to Reliance.

In the letter dated June 4, the Competition Commission of India (CCI) said Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail when it sought approval for the 2019 deal.

“The representations and conduct of Amazon before the Commission amounts to misrepresentation, making false statement and suppression or/and concealment of material facts,” the letter said. It also noted that its review of the submissions made had been prompted by a complaint from Future Group.

In the four-page letter, a so-called ‘show cause notice’, the CCI asked Amazon why it should not take action and penalise the company for providing false information.

Amazon has yet to respond, according to a source with direct knowledge of the matter who declined to be identified as the letter has not been made public.

Amazon said in a statement to Reuters it had received a letter, was committed to complying with India’s laws and would extend its full cooperation to the CCI.

“We are confident that we will be able to address the CCI’s concerns,” it said.

Representatives for Future and the CCI did not respond to Reuters requests for comment.

Vaibhav Choukse, a competition law specialist and partner at J. Sagar Associates, said it was rare for the CCI to issue such a notice and that if the CCI was not satisfied by Amazon’s response, it could lead to a fine and even a review of the deal.

“The CCI has wide powers which includes directions to re-file the approval application and even revoke the approval under exceptional circumstances,” Choukse said.

The CCI’s 2019 approval order states its decision “shall stand revoked if, at any time, the information provided” is found to be incorrect.

Shares in Future Retail jumped after Reuters published details of the letter, extending gains to be up nearly 5% in Thursday afternoon trade.

SUBMISSIONS COMPARED

The dispute over Future Retail, which has more than 1,500 supermarket and other outlets, is the most hostile flashpoint between Jeff Bezos’ Amazon and Reliance, run by India’s richest man Mukesh Ambani, as they try to gain the upper hand in winning over the country’s consumers.

Amazon also has a host of other challenges in India, a key growth market where it has committed $6.5 billion in investments, including a separate CCI probe into alleged practices that small businesses say have hurt them. read more

In addition, it faces the prospect of more regulations that would restrict the sale of private labels and would prohibit the U.S. firm from allowing its affiliates to list products on its website. read more

The CCI letter compared three sets of submissions Amazon made to it in 2019 with submissions made later to other legal forums, saying they were “contradictory.”

In particular, it said Amazon had explained its interest in investing in Future’s coupon unit as one that would address gaps in India’s payments industry. But the letter stated Amazon had disclosed in other legal forums that the foundation of its relationship with Future Coupon was certain special rights it obtained over Future Retail.

“Amazon has concealed its strategic interest” in Future Retail, the letter said, adding: “Such interest and the purpose of the combination … was not disclosed to the Commission despite specific requirements.”

The CCI also objected to one section of a submission where Amazon had told the regulator it had nothing to do with one particular legal agreement that two Future entities had signed between themselves days ahead of its 2019 deal. But Amazon later claimed before an arbitrator that the agreement was an “integrated part” of the transaction, the letter said.

Reporting by Aditya Kalra in New Delhi; Additional reporting by Abhirup Roy; Editing by Edwina Gibbs

Our Standards: The Thomson Reuters Trust Principles.

Amazon has argued that terms agreed upon in its 2019 deal to pay $192 million for a 49% stake in Future’s gift voucher unit prevent its parent, Future Group, from selling its Future Retail Ltd (FRTL.NS) business to Reliance.

Source: https://www.reuters.com/technology/exclusive-india-watchdog-accuses-amazon-concealing-facts-deal-future-group-unit-2021-07-22/

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EXCLUSIVE HK’s Apple Daily to shut within days, says Jimmy Lai adviser

Hong Kong pro-democracy newspaper Apple Daily will be forced to shut “in a matter of days” after authorities froze the company’s assets under a national security law, an adviser to jailed owner Jimmy Lai told Reuters on Monday.

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  • Adviser says impossible to conduct banking in financial hub
  • Two executives charged under security law denied bail
  • Newspaper could cease publication on Saturday – memo

HONG KONG, June 21 (Reuters) – Hong Kong pro-democracy newspaper Apple Daily will be forced to shut “in a matter of days” after authorities froze the company’s assets under a national security law, an adviser to jailed owner Jimmy Lai told Reuters on Monday.

The closure of Apple Daily would undermine the former British colony’s reputation as an open and free society and send a warning to other companies that could be accused of colluding with a foreign country, media advocacy groups said.

Next Digital (0282.HK), publisher of the top-selling 26-year-old newspaper, would stop publication on June 26 if a board meeting on Friday decided to halt operations, an internal memo seen by Reuters showed.

“We thought we’d be able to make it to the end of the month. It’s just getting harder and harder. It’s essentially a matter of days,” the adviser, Mark Simon, said by telephone from the United States.

Vendors had tried to put money into the company’s bank accounts but have been rejected, he said.

Another senior company source with direct knowledge of the matter said the freezing of the firm’s core assets – before any trial or due legal process proved any criminality – had made it impossible to pay wages or even electricity bills.

CHOKED ‘TO DEATH’

“This is an extraordinary thing for a place that prides itself on (being) a global financial center, that you haven’t even filed charges against people and yet you’ve decided you’re going to try to … choke this company to death.”

Hong Kong officials have repeatedly said that media freedoms are respected but are not absolute.

Apple Daily management could not be reached for comment on Monday.

The newspaper said on Sunday the freezing of its assets had left it with cash for “a few weeks” for normal operations. read more

Chief Editor Ryan Law, 47, and Chief Executive Cheung Kim-hung, 59, were denied bail on Saturday after being charged with conspiracy to commit collusion with a foreign country.

Three other executives were arrested on Thursday when 500 police officers raided the newspaper’s offices, drawing condemnation from Western countries, global rights groups and the U.N. spokesperson for human rights.

Those three are still under investigation but were released with bail.

Security Secretary John Lee told a news conference on Thursday the police operation against the Apple Daily was aimed at those who use reporting as a “tool” to endanger national security and did not target the media industry as a whole.

Hong Kong’s Security Bureau said it would not comment given ongoing legal proceedings and any application related to the frozen property would be handled according to the law.

China’s Liaison Office in the city did not respond to requests for comment.

A supporter holds a copy of Apple Daily newspaper during a court hearing outside West Magistrates’ Courts, after police charge two executives of the pro-democracy Apple Daily newspaper over the national security law, in Hong Kong, China, June 19, 2021. REUTERS/Lam Yik

‘WE CAN’T BANK’

In May, Reuters reported exclusively that Hong Kong’s security chief had sent letters to tycoon Lai and branches of HSBC (HSBA.L) and Citibank (C.N) threatening up to seven years’ jail for any dealings with the billionaire’s accounts in the city. read more

A Hong Kong-based spokesperson for Citibank said at the time the bank did not comment on individual client accounts. HSBC declined to comment.Authorities are also prosecuting three companies related to Apple Daily for alleged collusion with a foreign country and have frozen HK$18 million ($2.3 million) of their assets.

Simon told Reuters it had now become impossible to conduct banking operations in the global financial hub as authorities had “criminalised” any activities with the company’s accounts.

“We can’t bank. Some vendors tried to do that as a favour … and it was rejected.”

Reuters could not determine the banks where Apple Daily vendors had tried to deposit funds only to have their transactions rejected.

Rights group Amnesty International said on Twitter that this is “effectively a HK government ban of a newspaper.”

The paper has come under increasing pressure since owner and Beijing critic Lai, who is now in jail, was arrested under the national security law last August and has since had some of his assets frozen.

The senior company source with direct knowledge of the board’s discussions said an application had been made to the Security Bureau to ask Hong Kong security chief John Lee to unfreeze the assets to allow essential payments to staff and suppliers, setting a Friday deadline to respond.

Apple Daily said in an article on Sunday it might challenge the government in court if it refused. read more

The company has about 600 journalists, according to Simon.

The U.S.-based adviser said some reporters had received threatening phone calls from unknown sources.

“Our staff are now just worried about personal safety,” he said.

Police have said dozens of Apple Daily articles were suspected of violating the national security law, the first case in which authorities have cited media articles as potentially violating the legislation.

Simon and the source said their understanding was that about 100 articles were under scrutiny.

“After all this is said and done, the business community is going to look up and recognise that a man’s company was gutted and stolen by a communist regime in Hong Kong,” he said.

“That’s a big deal.”

Reporting by Anne Marie Roantree; Editing by Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles.

Next Digital (0282.HK), publisher of the top-selling 26-year-old newspaper, would stop publication on June 26 if a board meeting on Friday decided to halt operations, an internal memo seen by Reuters showed.

Source: https://www.reuters.com/business/retail-consumer/exclusive-adviser-jailed-hk-tycoon-jimmy-lai-says-apple-daily-shut-within-days-2021-06-21/

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