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Anti-Virus Curbs In China Raise Global Economic Concerns

Anti-Virus Curbs In China Raise Global Economic Concerns

(CTN NEWS) – In the last three weeks, more than 253,000 coronavirus cases have been discovered in China, and the daily average is increasing, the government reported on Tuesday.

This puts more pressure on officials attempting to lessen economic harm by loosening rules that keep millions of people inside their homes.

Earlier this month, the government’s Communist Party committed to lessening disturbances from its “zero- COVID” plan by loosening up rules.

However, the most recent round of breakouts poses a challenge, leading big cities like Beijing to compel industries to separate their workforces from outside contact, close stores and offices, and block off populated districts.

This has increased concerns that a decline in Chinese corporate activity could harm the fragile global trade.

The official China News Service cited the National Bureau of Disease Prevention and Control as saying that the average daily cases over the last week were 22,200, twice the rate from the week before.

According to CNS, a bureau official named Hu Xiang stated at a news conference that “certain provinces are suffering the most severe and complex scenario in the last three years.”

China has fewer infections than the United States and other big nations combined.

While other governments are reducing travel and other regulations and attempting to live with the virus, the ruling party is adhering to “zero COVID,” which advocates for isolating every case.

In addition to 25,902 instances with no symptoms, the government announced 28,127 cases discovered within the previous 24 hours on Tuesday.

9,022 people, or over one-third, were in Guangdong province, home to Hong Kong’s neighbouring export-oriented industrial hub.

Global stock markets declined on Monday as concerns over China’s restrictions were added to concerns over a Federal Reserve official’s remark made last week.

Anti-Virus Curbs In China Raise Global Economic Concerns

A man wearing a face mask talks to workers in protective suits near a metal barrier set up in a locked-down neighborhood and shops as part of COVID-19 controls in Beijing, Tuesday, Nov. 22, 2022. Anti-virus controls confining millions of Chinese families to their homes and shut shops and offices are spreading fears that already weak global business and trade might suffer. (AP Photo/Andy Wong)

The already high-interest rates in the United States could need to increase even further than anticipated to tame soaring inflation. Tuesday saw a mixed day for shares.

According to Fawad Razaqzada of StoneX, investors are “worried about diminishing demand as a result of a less mobile Chinese economy amid expectations there would be additional COVID-related lockdowns.”

The largest dealer in the world and the largest market for its Asian neighbours is China.

Global manufacturers of food and consumer goods, computer chips and other industrial components, oil and other raw materials, and consumer goods can all suffer from a decline in factory or consumer demand.

International trade can be hampered by restrictions that restrict activities at Chinese ports.

Hu, the government spokesman, stated that representatives were touring China and participating in virtual meetings to ensure the 20 anti-virus control improvements announced on November 11 were followed.

Anti-Virus Curbs In China Raise Global Economic Concerns

A resident puts on his face mask as he rests at a closed cafe and restaurant outside a shuttered shopping mall as part of COVID-19 controls in Beijing, Tuesday, November 22, 2022. Anti-virus controls that are confining millions of Chinese families to their homes and shut shops and offices are spurring fears already weak global business and trade might suffer. (AP Photo/Andy Wong)

They include reducing the seven-day quarantines for travellers entering China to five days and limiting the list of those who qualify as a close contact of an infected person.

Despite this, the 3.7 million-person Baiyun district of Guangzhou, the provincial capital of Guangdong, stopped access to it on Monday.

Shijiazhuang, an 11 million-person city southwest of Beijing, issued orders to some residents to remain at home while mass testing is being conducted.

Economic growth picked up from 2.2% in the first half to 3.9% in the three months that ended in September. However, activity had already begun to slow down.

In October, retail sales declined by 0.5% from a year earlier, slowing from the 2.5% gain in September as localities reinstituted anti-virus measures. Imports decreased by 0.3%, a reversal from September’s 6.7% increase and a sign of weak consumer demand.

In October, China’s exports decreased by 0.7% due to unusually substantial interest rate increases by the Fed and other central banks to curb inflation that has reached multi-decade highs.

These increases harmed consumer demand in the US and Europe.

Businesspeople and economists view changes in anti-virus regulations as a step toward removing restrictions that keep China from the rest of the world. However, they assert that “zero COVID” may continue to apply as late as the second part of the following year.

Anti-Virus Curbs In China Raise Global Economic Concerns

A worker in protective suit places closure notices on the barricaded restaurants at a shuttered commercial office building as part of COVID-19 controls in Beijing, Tuesday, Nov. 22, 2022. Anti-virus controls confining millions of Chinese families to their homes and shut shops and offices are spreading fears that already weak global business and trade might suffer. (AP Photo/Andy Wong)

Last Monday, Guangzhou revealed plans to construct quarantine facilities for nearly 250,000 people. In another district, Haizhu, 95,300 people were reportedly sent to hospitals or placed in quarantine.

Workers residing at their places of employment are referred to as “closed-loop management” at Shijiazhuang factories. That raises the price of food and housing.

According to a poll by professors at Peking University and a financial firm, Ant Group Ltd., business owners are unoptimistic about the upcoming quarter.

According to the report, a “confidence indicator” derived from replies from 20,180 business owners dropped to its lowest point since early 2021.

Economists and health professionals argue that the ruling party must immunize millions of old people before removing restrictions that bar the majority of foreign tourists.

In research, Oxford Economics’ Louis Loo stated, “We do not think the country is ready to open up yet.” “We anticipate that the Chinese authorities will continue to hone COVID regulations over the upcoming months, paving the way for a later, more thorough reopening.”

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Bangladesh Supreme Court to Rule on Controversial Job Quotas Amid Nationwide protests

Bangladesh Supreme Court to Rule on Controversial Job Quotas Amid Nationwide protests

(CTN News) – The future of public service hiring regulations, which have provoked national conflicts between police and university students that have resulted in at least 133 fatalities so far, is set to be decided by Bangladesh’s Supreme Court on Sunday, or today.

Later in the day, the nation’s highest court will meet to declare its decision about the controversial job quotas—either in favor of or against their elimination.

This week’s protests over politically motivated admission quotas for highly sought-after government posts turned into some of the worst instability during Prime Minister Sheikh Hasina’s watch.

Due to the ongoing turmoil, a curfew has been in place since Friday. In addition, the government has declared a two-day holiday during which all offices and institutions would be closed.

After riot police were unable to restore order, soldiers are now policing cities throughout Bangladesh, and since Thursday, there has been a statewide internet blackout that has severely limited the flow of information to the outside world.

SEE ALSO: Nearly 1,000 Indian Students Return from Bangladesh Amid Deadly Unrest Over Job Quota System

Hasina made hints to the public this week that the plan will be abandoned, which comes after her opponents accuse her government of using the judiciary to further its own agenda.

However, a positive decision is unlikely to calm the nation’s simmering rage in the wake of the intensifying crackdown and growing dead toll.

Business owner Hasibul Sheikh, 24, told AFP, “It’s not about the rights of the students anymore,” while observing a Saturday street demonstration in the capital city of Dhaka against a statewide curfew.

“Our demand is one point now, and that’s the resignation of the government,” he stated.

A system that reserves more than half of civil service positions for particular groups, like as children of veterans of the 1971 war, is the driving force behind the upheaval this month.

Hasina, 76, has ruled the nation since 2009 and won her fourth consecutive election in January following a ballot in which there was no real competition, according to critics who claim the program helps families who support her.

Rights organizations accuse Hasina’s government of abusing state institutions, including as the extrajudicial assassination of opposition activists, in order to strengthen its grasp on power and quell dissent.

Bangladesh’s 170 million people lack access to sufficient employment possibilities, therefore the quota system is a major cause of anger for recent graduates who are struggling to find work.

“The government’s actions have made the situation worse, rather than trying to address the protesters’ grievances,” Pierre Prakash, Asia director of Crisis Group, told AFP.

After a week of increasing violence, Hasina canceled her intentions to depart the nation on Sunday for a diplomatic trip to Spain and Brazil.

Source: The Indian Express

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Pakistani Government Plans to Ban PTI

Pakistani Government Plans to Ban PTI

(CTN News) – The Pakistani government has announced measures to outlaw Pakistan Terheek-e-Insaf (PTI), the party of imprisoned former Prime Minister Imran Khan.

Information Minister Attaullah Tarar made the declaration on Monday, only days after the Supreme Court declared the PTI eligible for a share of reserved seats in national and provincial assemblies.

After reviewing all relevant information, the government has decided to ban PTI. “We will file a case to ban the party,” he said, citing claims such as inciting violent protests last year and leaking confidential information.

Tarar stated that the case would be moved to the Supreme Court.

He also stated that the government intended to file treason charges against Khan and two other senior party leaders, former President of Pakistan Arif Alvi and ex-Deputy Speaker of the National Assembly Qasim Suri, as well as a review appeal against the Supreme Court’s ruling that the PTI should be allocated some assembly seats reserved for women and members of religious minorities.

According to Sayed Zulfiqar Bukhari, a top PTI politician and party spokesperson, the government’s action “betrays their complete panic”.

“After realizing that they could no longer threaten, compel, or blackmail judges, they decided to make this move through the cabinet. “All of their attempts to stop us have been declared illegal by the courts,” he stated.

Last week, the Supreme Court recognized the PTI as a political party and confirmed that the party’s lack of an electoral emblem did not affect its legal right to field candidates.

The verdict was in response to the PTI being barred from competing in parliamentary elections in February using its party emblem, the cricket bat, forcing it to field candidates as independents.

Despite the setback, PTI-backed candidates emerged as the largest parliamentary bloc, winning 93 seats.

After Khan declined to cooperate with his political opponents, the Pakistan Muslim League-Nawaz (PMLN) and Pakistan People’s Party (PPP) formed a coalition government with other smaller parties.

Ex-Governor Sindh Zubair, who formerly served in the PMLN, stated that the government’s action was in response to the Supreme Court’s ruling last week and warned of political upheaval ahead.

“The powers that be are trying to disenfranchise the largest majority of voters of the country, who voted for PTI,” he disclosed to Al Jazeera.

Khan was appointed prime minister in August 2018 but was dismissed from power in April 2022 after a parliamentary vote of no-confidence.

The cricketer-turned-politician has since faced a slew of legal issues, including charges of misplacing and leaking the contents of a confidential cable delivered to Islamabad by Pakistan’s then-ambassador in the US in 2022.

Khan has continually disputed the charge, claiming that the dossier contained evidence that his resignation as prime minister was orchestrated by his political opponents and the country’s powerful military, with assistance from the US administration. Both Washington and Pakistan’s army deny the accusation.

Despite multiple recent court verdicts in his favor, Khan has been in prison since August of last year.

Source: Aljazeera

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NAB Re-Arrests Imran Khan and Bushra Bibi After Iddat Case Conviction Overturned

NAB Re-Arrests Imran Khan and Bushra Bibi After Iddat Case Conviction Overturned

(CTN News) – Former Prime Minister Imran Khan and his wife, Bushra Bibi, were acquitted in the Iddat case by a sessions court on Saturday, less than 24 hours after the Supreme Court ruled in favor of the PTI in reserved seats.

However, their relief was short-lived when Imran Khan was detained by the National Accountability Bureau (NAB) for selling official goods. Bushra Bibi was also rearrested in this case while being released from Adiala Jail’s Gate No. 3.

According to sources, the NAB detained Bushra Bibi after the bureau’s chairman issued arrest warrants for her and Imran Khan. Both are to be investigated in Adiala Jail.

Opposition leader Omar Ayub Khan condemned Bushra Bibi’s imprisonment and criticized the Adiala Jail administration. He also cautioned the jail superintendent of the repercussions and announced that a privilege motion would be filed against him.

Imran Khan and Bushra Bibi were acquitted in the Iddat case after Additional District and Sessions Judge (ADSJ) Mohammad Afzal Majoka reversed their previous verdict, which sentenced them to seven years in prison on February 3, five days before the general election.

Imran Khan’s lawyers, Usman Gill and Zaheer Abbas, were in court when the verdict was pronounced.

In the 28-page ruling, Judge Majoka rejected Khawar Fareed Maneka, Bushra Bibi’s ex-husband,’s arguments that Imran Khan and Bushra Bibi’s nikah was illegally performed and that Mr. Maneka was denied Buju (reconciliation rights) under religious law.

The court also rejected the allegation of fornication under provision 496-B of the Pakistan Penal Code (PPC), stating that no charge was filed under this provision against both Imran Khan and his spouse “because there was no evidence of a second witness”. The trial court heard only one witness, Mr Maneka’s domestic servant.

“In these circumstances, it cannot be said that the appellants committed fornication,” the judge wrote. Regarding the charge of contracting marriage fraudulently during the Iddat period, the judge found that in a video given as evidence during the trial, Mr. Maneka lauded his ex-wife, Bushra Bibi, and “deposed that his ex-wife is a pious lady.”

The magistrate inquired about “how this witness [Mr Maneka] can claim that the appellant No. 2 [Bushra Bibi] committed fraud with him” .

The court announced its decision: “From a perusal of Section 496 PPC and the above-mentioned esteemed citations, this court is of the view that the appellants have not gone through any marriage ceremony fraudulently or with dishonest intention because none of the parties claimed that nikah was not performed and fraudulently he or she was supposed to believe that marriage ceremony was solemnised.”

The court judgment added: “In the instant instance, it is the complainant’s case that the appellants’ nikah was done on January 1, 2018, followed by the second nikah in February 2018. By no stretch of the imagination, it was a marriage with dishonest or deceptive intentions.”

Regarding Mr. Maneka’s claim that he was denied reconciliation rights and so deceived by Imran Khan and Ms. Bibi, the court noted that during cross-examination, Mr. Maneka stated that he learned of the appellants’ marriage on the second day of their nikah.

Before submitting the complaint, the judge questioned why Mr Maneka had been silent on his reconciliation rights for six years.

The judge stated, “The complainant has failed to prove his case against the appellants.” As a result, both appeals filed by appellants No. 1 [Imran Khan] and No. 2 [Bushra Bibi] are accepted, the judgment of the learned trial court of February 3, 2024, is overturned, and both appellants are acquitted of the accusation.”

The court ordered their freedom unless they needed to be imprisoned in other cases.

Source: DAWN

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