Day: September 19, 2018

China’s Alibaba Scraps Plan to Create 1M US Jobs

Alibaba Chairman Jack Ma said Wednesday that the Chinese e-commerce giant had canceled plans to create 1 million jobs in the U.S., blaming the ongoing trade war for the decision, according to Chinese news agency Xinhua.

“This commitment is based on friendly China-U.S. cooperation and the rational and objective premise of bilateral trade,” Ma told Xinhua. “The current situation has already destroyed the original premise. There is no way to deliver the promise.”

Ma originally pledged to spur job growth by letting American small businesses and farmers sell their goods on Alibaba, which is one of the world’s largest online retailers, when he visited then-President-elect Donald Trump early 2017.

Trump imposed 10 percent tariffs on $200 billion worth of Chinese imports on Monday, threatening to place taxes on an additional $267 billion worth of Chinese imports if China attempts to retaliate.

China placed tariffs on about $60 billion worth of U.S. products the next day as previously planned, though it reduced the size of the tariffs.

At an Alibaba investor conference Tuesday, Ma described the state of economic relations between the two countries as a “mess” with consequences that could last for decades.

Some experts said Ma’s plan to bring 1 million jobs to the U.S. might have been overly ambitious in the first place.

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Chinese Entrepreneur Rescinds Offer to Create 1 Million US Jobs

Chinese technology billionaire Jack Ma has rescinded his offer to create 1 million new jobs in the United States, saying it is no longer possible with the escalation of trade disputes between the world’s two biggest economies.

The Alibaba chief made the U.S. jobs pledge to then-President-elect Donald Trump in January 2017 at Trump Tower in New York, just before Trump assumed power. The prospective U.S. leader declared, “Jack and I are going to do some great things.”

But in an interview published late Wednesday by Xinhua, China’s official news agency, Ma said tit-for-tat tariffs imposed by Washington and Beijing, including new levies this week on billions of dollars of trade between China and the U.S., have scuttled his investment plans in the U.S..

“This promise was on the basis of friendly China-U.S. cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis,” Ma said. “This promise can’t be completed.”

Trump this week said he was imposing a 10 percent tariff on $200 billion worth of Chinese imports, with Beijing immediately responding by targeting $60 billion worth of U.S. imports with 5 to 10 percent taxes.

As part of its 1 million jobs pledge, Alibaba, a massive online shopping site, had not planned to build factories or customer product fulfillment centers in the U.S. Rather, it had hoped to boost trade by helping small U.S. businesses sell their products in China and elsewhere in Asia.

Alibaba held a conference in the Midwest city of Detroit last year to encourage small U.S. businesses and farms to sell their products in China through Alibaba’s online portals.

The 54-year-old Ma said in the interview that Alibaba “will not stop promoting the healthy development of China-U.S. trade.”

But he told investors earlier this week that the trade disputes between the two countries could last for 20 years.

“It’s going to last long, it’s going to be a mess,” Ma said. “Trade is not a weapon and cannot be used for wars. Trade should be the propeller of peace.”

Instead, Ma said Alibaba would focus on business opportunities in Europe, South America, Russia and Africa.

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Zimbabwe Government Pledges Funds to Fight Cholera Outbreak in Harare

Zimbabwe’s president, Emmerson Mnangagwa, says his government will assist municipalities struggling to fight a cholera outbreak that has killed 32 people and affected more than 3,000 during the past three weeks.

After visiting the epicenter of the cholera outbreak in Harare, President Emmerson Mnangagwa vowed to help the Harare City Council with financial assistance and called on the corporate world to donate toward fighting the epidemic.

“We are raising money, which has been coming in daily, so that we fix the burst pipes at Morton Jeffery Waterworks and the Central Business District, as well as the suburbs… we have been told that most of these pipes are old and are bursting at any given time, so we have found some well-wishers who are helping us. We will continue to support the Harare City Council In its programs meant to sanitize Harare, because the council does not have enough powers to be doing all the work alone,” he said.

Nearby, David Shonhiwa, a vendor in Glen View, the suburban epicenter of Harare’s cholera epidemic, says there have been improvements in the area’s hygiene since cholera was detected, but more are needed.

“The situation is better now. We have been receiving clean water and we got buckets, but it has not been possible for everyone to get something because there are difficulties which others have been encountering,” he said.

Tuesday, a U.N. spokesperson in Zimbabwe, Sirak Gebrehiwot, said a U.N. emergency response fund may be activated as the cholera outbreak spreads to other parts of the country.

“In light of the appeal announced by the government of Zimbabwe to respond to the cholera, the U.N. has scaled up its support,” said Gebrehiwot. “The regional office of the U.N. Humanitarian Affairs has already deployed three U.N. emergency humanitarian specialists in the ongoing response. This is in addition to our colleagues from UNICEF and the WHO, are already engaged on the ground in this emergency response.”

In 2008 and 2009, a cholera epidemic killed nearly 5,000 people. It only stopped after international organizations such as USAID, Doctors Without Borders, the Red Cross and U.N. agencies including UNICEF and the World Health Organization provided medicine and water treatment chemicals.

 

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DNA Tests Identify Ivory Smuggling Cartels

Researchers are using genetic analysis to connect the dots in the illegal ivory trade, linking multiple seizures of the valuable tusks to a common set of traffickers.

Targeting these ivory-smuggling cartels could have a major impact on the elephant poaching that is driving the animals to extinction, according to the authors of a new study.

The findings mean some suspects already facing charges from single arrests could face additional charges and stiffer penalties if convicted.

Ivory trafficking is a multibillion dollar transnational criminal enterprise with links to other illegal activities, including drug trafficking. Poaching claims an estimated 40,000 elephants each year.

Missing tusks

University of Washington biologist Samuel Wasser and colleagues have been analyzing tusks seized in ivory busts to track where poached elephants came from.  They previously identified hotspots in Tanzania and Mozambique from where nearly all the ivory seized between 2006 and 2014 came.

The new findings emerged from the case of the missing tusks.

Wasser and colleagues noticed that when ivory shipments were confiscated, they often only contained one of an elephant’s pair of tusks.

When they searched through genetic data taken from large-scale ivory busts between 2006 and 2015, they found 26 cases in which a tusk from one seizure matched one from a separate shipment.

In each case, the two shipments passed through the same port within a few months of each other.  Wasser said that “suggest[s] that the same major trafficking cartel was actually responsible for shipping both.”

The study, published in the journal Science Advances, traces the ivory back to three major cartels based in Lome, Togo; Mombasa, Kenya; and Entebbe, Uganda.

When traffickers are caught, they typically only face charges for one shipment.

The methods Wasser’s group developed can link individual cartels to multiple shipments, and to each other.

For example, a key figure in the Uganda cartel currently is awaiting trial for one seizure. The new study links him to two others. One of those includes tusks from a 2012 incident in which poachers in a Ugandan helicopter shot 22 elephants across the border in the Democratic Republic of the Congo.

“You can imagine, if this evidence is used, how much stronger a case we can build against him,” Wasser said.

International links found

The new study also finds links between the Togo and Kenyan cartels.  East African and West African tusks were found in a shipment seized in Malaysia.  Ivory from this shipment matched tusks from separate seizures linked to Lome and Mombasa.

East African drug-smuggling suspects facing charges in the United States have been linked to the Kenyan ivory trafficking ring.

“The stories that emerge (from the research) are fascinating and important,” said CEO Frank Pope of the nonprofit Save the Elephants.  “Wasser’s work is helping us to close in on those networks by telling the story of the connections between the different shipments.”

Wasser’s methods have already helped investigators disrupt international trafficking operations, according to Special Agent John Brown with the Department of Homeland Security Investigations.

But Brown notes that few countries are complying with a directive to send samples from ivory busts for DNA analysis. That makes it harder for law enforcement to get to the root of the problem, he added.

“A seizure of three tons of ivory looks very good on the front page of the local newspaper,” Brown said.  “But if we don’t attack the transnational criminal organizations behind it, then the problem will continue.”

 

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Taking Back Carbon ‘Imperative’ to Stop Planet Overheating, Backers Say

With climate-changing emissions still inching higher — and resulting threats from extreme weather surging — sucking greenhouse gases out of the atmosphere must become an urgent priority, backers of “carbon removal” efforts say.

“The math is quite simple,” Manish Bapna, executive vice president of the Washington-based World Resources Institute, told a panel discussion on the fledgling approach this week.

If the world overshoots the temperature goals set in the 2015 Paris Agreement on climate change, as looks increasingly likely, “carbon removal gets us back on track,” he said.

“The first imperative is to reduce emissions as quickly and deeply as possible,” Bapna said. “But there is now a second imperative… to remove carbon dioxide from the atmosphere at a large scale.”

Proposals to suck carbon out of the atmosphere range from planting many more trees, which absorb carbon dioxide to grow, to installing devices that capture carbon directly from the air.

Changing farming practices to store more carbon in soils, or producing energy by growing trees or crops, burning them and pumping underground the carbon released also could play a role, scientists say.

Interest in carbon removal technologies is growing, not least because countries from Britain to the United States have included some of them in their plans to curb climate change.

They also feature in a report, due out next month, by the world’s leading climate scientists, who say governments may have to find ways to extract vast amounts of carbon from the air if warming overshoots the lower Paris pact limit of 1.5 degrees Celsius (2.7 Fahrenheit). That overshoot is expected to happen by about 2040, according to a draft copy of the report.

“Carbon removal is really about creating options,” said Kelly Levin, a senior associate at the World Resources Institute. “If you fast forward 20 or 30 years, we want to keep options open.”

Growing urgency

The surging scale of losses to extreme weather — including the storms that smashed into the eastern United States and the Philippines this month — means more people now believe climate change needs to be curbed, said Klaus Lackner, director of the U.S.-based Center for Negative Carbon Emissions.

“I believe we are at a turning point where people are starting to see the problem needs to be solved,” said Lackner, a proponent of technology to capture carbon from the air.

Right now, the costs of carbon removal may be too high but as climate impacts worsen “eventually it will hurt, and then we will pay whatever it takes,” he predicted.

“Show me technologies that didn’t get six times cheaper in a decade when they were actually used,” he added.

Carbon removal faces many other challenges including low government spending, competition for land, and a need to move faster than finance and technology may allow, experts admitted.

For instance, capturing carbon dioxide directly from the air, while possible, also requires a lot of energy, said James Mulligan, a World Resources Institute researcher on carbon removal.

Capturing just 15 percent of U.S. annual emissions would use 7 percent of projected U.S. energy production in 2050, he said.

Avoiding the worst

Farming differently to store more carbon in soils, by comparison, could be cheaper and provide extra benefits, boosting harvests, water conservation and wildlife habitats, said Betsy Taylor, president of consulting firm Breakthrough Strategies and Solutions.

“This pathway is the most affordable, technologically ready and it is a no-regrets option,” particularly as about a third of the world’s soils are now considered degraded, she said.

Experimenting with carbon removal deserves “a newfound sense of urgency” not least because more intrusive “geoengineering” ideas, such as blocking some of the sun’s rays from reaching the planet, are “coming down the pike,” she said.

But getting millions of farmers and ranchers to alter how they work would require significant investment — and monitoring carbon reductions from soil use remains an inexact science, experts admitted.

Most carbon removal technologies would get the world only a fraction of the way to solving its climate problem, they said — and the prospect of having the technologies available might be seized as an excuse to stall action to cut emissions.

“We need to be clear-eyed about the challenges,” Mulligan said.

The key, said Levin of the World Resources Institute, is ensuring both emissions cuts and carbon removal efforts move ahead fast enough to ward off the worst anticipated impacts of climate change, from worsening hunger to extreme heatwaves.

“If you look at the science, we have to pull out all the stops on mitigation and carbon removal at a scale that is completely unprecedented,” she said.

 

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Canada Wants to See Flexibility in NAFTA Talks With US

Canada said on Wednesday that it would need to see movement from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.

Although the administration of U.S. President Donald Trump and its allies are increasing pressure on Canada to make the concessions they say are needed for the North American Free Trade Agreement, Canadian Prime Minister Justin Trudeau made clear he also wanted to see flexibility.

“We’re interested in what could be a good deal for Canada but we’re going to need to see a certain amount of movement in order to get there and that’s certainly what we’re hoping for,” he told reporters in Ottawa.

Shortly afterwards, Canadian Foreign Minister Chrystia Freeland met U.S. Trade Representative Robert Lighthizer for their fourth set of talks in four weeks with the two sides still disagreeing on major issues.

Trump has already wrapped up a side deal with Mexico and is threatening to exclude Canada if necessary. Canadian officials say they do not believe the U.S. Congress would agree to turn NAFTA into a bilateral treaty.

U.S. Chamber of Commerce President Thomas Donohue said it would be extremely complicated, if not impossible, for the administration to pull off a Mexico-only agreement.

“If Canada doesn’t come into the deal there is no deal,” Donohue told a media breakfast in Washington.

Donohue said he believed that if the administration wanted to end the current NAFTA, such a move would be subject to a vote in Congress, which would be difficult to get.

The Chamber, the most influential U.S. business lobby, wants NAFTA to be renegotiated as a tri-lateral agreement, citing how highly integrated the three member nations’ economies have become since the pact came into force in 1994.

Negotiators are arguing over cultural protections, dispute resolution, and a U.S. demand for more access to Canada’s protected dairy market. Sources say Ottawa has made clear it is prepared to make concessions, which would anger the influential dairy lobby.

“For American farmers the Canadian market is a drop in the bucket. For us it’s our livelihood,” Dairy Farmers of Canada vice president David Wiens told reporters in Ottawa. Concessions in past trade deals had already hurt Canadian farmers, he said.

“The dairy sector cannot be negatively impacted again by a new trade agreement,” he said. “Enough is enough.”

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Kenya’s Finance Minister Cuts Spending, Money Transfer Taxes to Rise

Kenya’s Finance Minister Henry Rotich has cut the government’s spending budget by 55.1 billion shillings ($546.90 million), or 1.8 percent, for the fiscal year from July this year, a Treasury document showed on Wednesday.

The government is facing a tough balancing act after a public outcry over a new 16 percent value added tax on all petroleum products forced President Uhuru Kenyatta to suggest to parliament to keep the VAT and cut if by half.

In the document detailing the new spending estimates, Rotich said the budget had to be adjusted because of the amendments to tax measures brought by lawmakers when they first debated it and passed it last month.

The proposed halving of the VAT rate on fuel has left the government with a funding shortfall, hence the cuts in spending.

Parliament will vote on a raft of proposals, including the 1.8 percent cut on spending, in a special sitting on Thursday.

Kenya’s economy is expected to grow by 6 percent this year, recovering from a drought, slowdown in lending and election-related worries that cut growth in 2017, but investors and the IMF have expressed concerns over growing public debt.

While the next election is still four years away, the government’s economic policies are chafing with citizens angered by increasing costs of living. Fuel dealers protested when the VAT on fuel kicked in this month and citizen groups have gone to court to try to block new or higher taxes.

Separate documents sent by Kenyatta to parliament ahead of Thursday’s sitting underscored the debate in government over how to boost revenues without hurting the poor.

His government has to reduce a gaping fiscal deficit while boosting spending on priority areas such as healthcare and affordable housing.

In order to balance the government’s books after the reduction of the fuel tax, he is trying to reinstate several tax measures struck out by parliament, including a 2 percentage hike on excise duty for mobile phone money transfers to 12 percent.

Kenya’s biggest mobile phone operator Safaricom said in June it was opposed to any tax rise on mobile phone-based transfers, arguing that it would mainly hurt the poor, most of whom do not have bank accounts and rely on services such as its M-Pesa platform.

The president also asked parliament to double the excise duty on the fees charged by banks, money transfer services, and other financial institutions to 20 percent.

Parliament in August threw out an earlier version of proposed fees on bank transfers, a so-called “Robin Hood” tax of 0.05 percent on transfers of more than 500,000 shillings.

The president has not yet signed the budget due to the dispute over the planned tax hikes. Kenyatta’s Jubilee party and its allies have a comfortable majority in parliament.

The Kenya National Chamber of Commerce and Industry this month said the government should widen the tax base. It also urged the state to cut expenditure, reduce wastage of public funds and deal with corruption, which some studies have found lose the government about a third of its annual budget.

 

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Egyptian-French Movie Star Gamil Ratib Dies

Award-winning Egyptian-French actor Gamil Ratib died Wednesday in Cairo. He was 92.

Ratib is widely considered one of the greatest Egyptian movie actors of all time because of his screen presence and personal style.

He acted in French and Egyptian movies, including David Lean’s 1962 epic “Lawrence of Arabia” with Anthony Quinn and Omar Sharif, and Carol Reed’s 1956 movie “Trapeze” with Gina Lollobrigida, Burt Lancaster, and Tony Curtis.

Ratib once said on an Egyptian television show that he was a very good friend of Quinn, that the late American movie star helped him several times to find a job in the movie industry. He later became an icon of cinema and theater.

Ratib was one of Egypt’s top-grossing movie stars, performing in many films in a career spanning 65 years.

He was honored several times in film festivals and picked up many awards, including the French Legion d’Honneur, the highest French order of merit for military and civil merits.

 

Ratib was born in Cairo, Egypt, in November 1926. He studied law and arts in France and performed in several French plays. In the early 1950s, Ratib joined “La Comédie-Française,” one of the oldest theaters in the world.

He made his movie debut in ‘I Am The East’ in 1945. Later, he played leading roles in such films as Deuxième Bureau Contre Terroristes (1961), Réseau Secret (1967), L’Alphomega (1973), L’Étoile du Nord (1982), and Un été à La Goulette (1996). He lived between Paris and Cairo.

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Amazon’s Use of Merchant Data Under EU Microscope

EU regulators are quizzing merchants and others on U.S. online retailer Amazon’s use of their data to discover whether there is a need for action, Europe’s antitrust chief said on Wednesday.

The comments by European Competition Commissioner Margrethe Vestager came as the world’s largest online retailer faces calls for more regulatory intervention and even its potential break-up because of its sheer size.

Vestager said the issue was about a company hosting merchants on its site and at the same time competing with these same retailers by using their data for its own sales.

“We are gathering information on the issue and we have sent quite a number of questionnaires to market participants in order to understand this issue in full,” Vestager told a news conference.

“These are very early days and we haven’t formally opened a case. We are trying to make sure that we get the full picture.”

Seattle-based Amazon had no immediate comment.

Vestager has the power to fine companies up to 10 percent of their global turnover for breaching EU antitrust rules.

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Thousands of Fans Request Grand Jury Probe of Prince’s Death

Thousands of Prince fans are asking federal authorities to open a grand jury investigation into his death.

The petition to the U.S. Attorney’s Office has been signed by more than 6,000 people. One of the petition’s organizers, Nicole Welage, says more answers are needed about the rock star’s accidental fentanyl overdose in 2016. Welage tells the Star Tribune that the person who supplied the drug must be held accountable.

Federal, state and county investigators spent nearly two years looking into Prince’s death , but were unable to trace the source of the drug that killed him .

Prosecutors have said there is no credible evidence that will lead to federal criminal charges. The U.S. Attorney’s Office has declined to comment on the petition.

 

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Vietnamese Fighting Back on Plastic Pollution

For many Vietnamese people, it is a ritual as circadian as the sunrise: On the way to work, they pull over their motorbikes to grab an iced coffee from a street vendor, complete with a plastic cup, plastic lid, plastic straw, and plastic case to hang from the bikes as they drive.

The coffee, with four separate pieces of plastic for a single drink, exemplifies how this packaging has became such a common and wasteful scourge on Vietnam’s environment. But some citizens have become alarmed by the trend and begun fighting back against the pollution.

More Vietnamese than ever are looking for alternatives to plastic, from metal bottles to cloth tote bags, just as many communities around the world are starting to believe they have relied for too long on cheap and versatile — but ecologically disastrous — plastic. Rwanda was remarkably efficient at banning plastic bags, while Durham, North Carolina has a volunteer program to distribute reusable takeout containers, and an Amsterdam grocer introduced an aisle of products with no plastic.

What makes Vietnam special, to the chagrin of environmentalists, is that it ranks among the top five countries in the world that send plastic trash into the ocean, according to the Ocean Conservancy. To have become a top polluter is staggering for the Southeast Asian nation, especially when there are dozens of countries with much larger economies but far less plastic waste.

“Everyone, every country should be responsible, it doesn’t matter the size,” said Tran An, a volunteer at Precious Plastic Saigon. “In Vietnam we should do what we can to solve the plastic problem.”

Her green advocacy group has taught Vietnamese how to make their own straws out of bamboo, as well as how to distinguish between different kinds of plastic to facilitate recycling.

Locals are getting creative with the ways they are cutting plastic out of their daily diets. It seems each week another restaurant in Vietnam is switching to paper straws, while supermarkets have started giving shoppers cardboard boxes in which to take home their groceries, similar to Costco in the United States.

Plastic water bottles are a popular target. The Ministry of Natural Resources and Environment has swapped them out in favor of metal bottles at meetings. One business chamber is encouraging members to replace them at the office, providing water coolers for employees instead. A coalition of foreign consulates in Ho Chi Minh City signed a pledge this year to do the same. And at conferences, one hotel puts out glasses that guests can refill from dispensers.

“One of my favorite examples is that, you know, the youngsters in Vietnam, we are so gaga over bubble tea. And all that is plastic,” An said. “But now if you go to those shops you will see that they started getting the carriers made by canvas, or something else instead of a plastic carrier.”

The carriers are similar to those used by motorbike drivers to transport their iced coffee. Straws and carriers are small change, though, compared to the macroeconomic change needed to cut down on plastic, which will take up more space in the ocean than do fish, if nothing is done, by 2050, according to the Ellen MacArthur Foundation.

The “industries responsible for the major plastic wastes must be targeted with specific industry agreements and producer liability arrangements, with requirements for handling, collection and reuse of waste and broken plastic equipment,” Nina Jensen, CEO of the environmental group REV Ocean, wrote in a blog post.

Vu Thinh, who works at a trading company in Ho Chi Minh City, thinks the growing interest in eco-friendly consumption could be good for business.

“One of my special products is to make a plastic bag, so I think this is interesting, this topic, because in the next year we will produce this product,” he said.

His bags would be made of potato starch and other natural ingredients that can decompose within two years, unlike plastic, one of the least biodegradable materials.

But this would cost more than single-use plastic bags, demonstrating the difficulty of finding a new business model for companies that depend on plastic.

“Of course we want to export to Europe or America because this is more expensive,” Thinh said. “You know in Vietnam now [we] have some companies produce that product but it is not good, the market is not good, the price is high. We will research the market more.”

With the waste already blanketing the streets and seas, and with the cost of alternatives still pricey, plastic can seem like a mountain of a problem. But An said she has reason to be optimistic because the next generation is more idealistic.

Older Vietnamese think, “why go an extra step for something if it won’t make a difference?” she said. “But for the youngsters I think they feel that one action counts anyway.”

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Report: Cryptocurrency Exchanges at Risk of Manipulation

Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday.

The study found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk.

“As our report details, many virtual currency platforms lack the necessary policies and procedures to ensure the fairness, integrity, and security of their exchanges,” Attorney General Barbara Underwood said in a statement.

As a result of the findings, the attorney general asked New York’s Department of Financial Services (NYDFS) to review whether three exchanges might be operating unlawfully in the state.

The attorney general’s office launched its Virtual Markets Integrity Initiative in April 2018, asking 13 platforms to voluntarily share information about their practices.

Four platforms did not participate, claiming they did not allow trades from within New York State. The Attorney General’s office investigated whether the platforms did operate in the state, and has referred three – Binance, Kraken and Gate.io – to NYDFS. The three platforms could not immediately be reached for comment.

U.S. and international regulators have begun clamping down on malpractices in the cryptocurrency market over the past year as trading in the nascent asset class boomed.

Two Wall Street regulators last week announced a series of actions, including levying fines, against companies involved with cryptocurrencies, while a New York federal judge ruled a case could proceed in which U.S. securities law was being used to prosecute fraud cases involving cryptocurrency offerings.

The attorney general’s report detailed how some of these platforms conduct overlapping lines of business that present “serious conflicts of interest,” including trading for their own account on their own venues. Some platforms also issue their own virtual currencies or charge companies to list their tokens.

The study also found that “trading platforms lack a consistent and transparent approach to independently auditing the virtual currency purportedly in their possession”, making it “difficult or impossible” to confirm that the exchanges are responsibly holding customer accounts.

Although some platforms police their markets for trading abuses, others do not, the report found.

“Platforms lack robust real-time and historical market surveillance capabilities, like those found in traditional trading venues, to identify and stop suspicious trading patterns,” the report said.

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Renovated Cemetery Shows Armenians’ History in Cairo

Renovation work is nearly complete on an Armenian cemetery in Cairo whose graves reflect a 100 years of the community’s history in the Egyptian capital.

Workers have fixed and cleaned up tombstones, statues and busts that sit on top of graves.

The site dates back to 1924, when the Armenian community was granted a piece of land adjacent to an older one. It fused Egyptian, Armenian and European architectural designs.

“There was a period when this place was neglected, and the renovation project was a great initiative because the area was restored to what it once was,” said Nairy Hampikian, an archaeologist and conservation specialist who has overseen the renovation project.

“The first thing we did was remove the dust from all the pathways inside the cemetery. After that the signs that you see over there that were mostly scattered on the ground and covered in dust appeared when we cleaned up.”

Armenians began settling in Egypt in the Fatimid era from the 10th to 12th Centuries and were given a piece of land by Mohamed Ali Pasha in 1844 in an area now known as old Islamic Cairo.

The size of the Armenian community in Egypt would fluctuate, driven by the country’s political and economic situation.

But it was not until after the events of World War I – when Ottoman forces killed as many as 1.5 million Armenians in 1915 – that a large number of Armenians fled to Egypt and other countries.

Turkey says many Christian Armenians who lived under the Ottoman Empire were killed in clashes with Turkish soldiers but contests the figures and denies that a genocide took place.

The Armenians in Egypt thrived in cosmopolitan cities such as Cairo and Alexandria, which were also home to Italian and Greek communities.

Today, the Armenian community in Egypt has shrunk to about 3,000 people, and according to the president of Goganian Armenian cultural club in Cairo, Kevork Erzingatzian.

But the burial ground serves as a reminder of the Armenians’ cultural and religious heritage.

“We found tombstones that date back to the 1830s, 40s, and 50s,” Hampikian said.

Restoration work began in 2014 and is scheduled for completion at the end of 2018. The Armenian Patriarchate of Cairo, with help from donations from the Armenian community, funded the project.

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Che Guevara Poster Artist Looks Back on 50 Revolutionary Years

Fifty years after creating the Che Guevara poster that still adorns student bedrooms around the world, Irish artist Jim Fitzpatrick is delighted at its ubiquity, but concerned at its exploitation for commercial gain.

Fitzpatrick created the image in 1968 from a photograph of the Argentine Marxist revolutionary taken in 1960 by Cuban photographer Alberto Korda, and made it available for free to anyone who wanted to use it.

It was quickly adopted by left-wing movements, appearing on T-shirts, posters and leaflets, but has also been used by companies to brand products – something that annoyed Fitzpatrick and pushed him to reclaim the copyright in 2010.

“It didn’t bother me at first, I couldn’t give a hoot who was doing T-shirts,” he told Reuters.

“But when a big commercial company, like a cigarette company, who have literally stolen my image, produce cigarette packs with my image twisted around the other way, left to right, as though that solves the copyright problem, then I have severe problems, because I detest that kind of commercial exploitation.”

Speaking in his home studio in Sutton, north of the Irish capital Dublin, Fitzpatrick recounted how the image was created.

“I did a couple of posters of it, but the one that matters, the red and black one that everyone is familiar with, the more iconic one, that was done after (Guevara’s) murder and execution while a prisoner of war, for an exhibition in London called Viva Che,” he said, referring to Guevara’s death at the hands of Bolivian forces in 1967.

“The Che is very simple. It’s a black and white drawing that I added red to. The star was painted by hand in red,” he said, displaying a large print of the image. “Graphically, it’s very intense and straightforward, it’s immediate, and that’s what I like about it.”

Fitzpatrick said he offered the copyright of the image to the Guevara family, who have not yet returned the documents necessary for him to turn it over to them, and that he may bequeath it to a local charity instead.

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With Metal Skulls and Horns, Turkish Artist Re-interprets Ancient Stories

In a disused hangar in Istanbul, Turkish artist Ahmet Gunestekin uses thousands of metal human skulls and twisting, spiky animal horns to re-tell some ancient myths in a towering, fearsome installation.

Gunestekin says his work “Chamber of Immortality” draws on the Epic of Gilgamesh – the Sumerian king who tried in vain to find the secret of everlasting life, and on the closely related Biblical story of Noah, whose ark some believe landed on Mount Ararat, Turkey’s highest peak.

The centerpiece is an enormous metal skull with a twisting animal horn jutting from its mouth, made up of 11,000 smaller skulls, all crafted by hand. Around it sit two curved walls made of yet more skulls, some of which sprout animal horns from their ears, temples and mouths.

The large skull represents Noah, while the tongue-like horn that spills from its mouth represents animals, Gunestekin said.

“In a way, it shows how the concepts of human and animal are nested within one another,” he said.

The structure, which tool 4-1/2 years and $1 million to create, is inspired by Gobeklitepe, a 12,000 year-old temple in Turkey that this year became a UNESCO World Heritage site.

A self-taught artist, he is known for unconventional techniques to depict oral narratives, myth and legends mainly from Anatolian and Greek civilizations.

“Chamber of Immortality” will travel to London, Berlin and New York after being exhibited in Contemporary Istanbul on Sept. 20.

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Kenya Taxi Drivers Create New Ride Hailing App

In Kenya, a new taxi hailing app developed by local taxi drivers is in its fourth month of operation in Nairobi. Dubbed BebaBeba by the Drivers and Partners Association of Kenya (DPAK), it was created to compete with Uber and other ride hailing apps. Rael Ombuor reports from Nairobi.

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Critics Skewer Venezuelan President Over Feast as Country Starves

Videos of Venezuelan President Nicolas Maduro feasting on steaks at an upscale restaurant have sparked worldwide outrage on behalf of the poverty-stricken people of his country.

One video show celebrity chef Nusret Gokce, also known as “Salt Bae,” carving meat for the president and his wife, Cilia Flores, at the Nusr-Et restaurant in Istanbul, where each cut of meat can cost hundreds of dollars.

Florida Senator Marco Rubio slammed the chef who was filmed with the “dictator,” who was shown eating “a five-star gourmet meal, smoking fine cigars while the people of Venezuela are literally starving.”

“It’s an outrage, disgusting … this is a man starving human beings and [Salt Bae] is celebrating him as some sort of hero – I got pissed,” Rubio told the Miami Herald on Tuesday.

“I don’t know who this weirdo #Saltbae is, but the guy he is so proud to host is not the President of #Venezuela. He is actually the overweight dictator of a nation where 30% of the people eat only once a day & infants are suffering from malnutrition,” Rubio tweeted Tuesday.

The senator also tweeted the address and phone number of the chef’s restaurant in Miami, which is home to scores of Venzeulan-Americans and Cuban-Americans who despise the socialist leader.

Opposition leader Julio Borges, who lives in exile in Colombia, tweeted: “While Venezuelans suffer and die of hunger, Nicolas Maduro and Cilia Flores have a good time in one of the most expensive restaurants in the world, all with money stolen from the Venezuelan people.”

The once-wealthy oil-producing nation has been in an economic crisis for the past five years. The turmoil has left many Venezuelans struggling to find food and medicine and driven masses to flee to other South American countries.

According to the United Nations, more than 2 million Venezuelans have fled since 2014.

A  Meganalisis poll published in the Miami Herald last month found more then 30 percent of Venezuelans say they only ate one meal a day, nearly the same number report eating “nothing or close to nothing” at least one day a week and a staggering 78 percent said they had trouble finding enough food.

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Mexico’s Next Anti-money Laundering Czar Vows Action After ‘Shameful’ Odebrecht

Mexico’s incoming financial intelligence chief said it was “shameful” how little had been done about bribes that Brazilian construction firm Odebrecht executives said were paid to secure Mexican public works contracts, and vowed to reexamine the case once in office.

Santiago Nieto will head the finance ministry’s Financial Intelligence Unit, which analyzes suspicious financial records, once the new leftist government takes office on Dec. 1. He said in an interview last week that the unit had been misused for political ends, without elaborating.

“It’s shameful that Mexico and Venezuela are the only countries in Latin America that haven’t sanctioned anyone,” he said of the Odebrecht case, which is at the heart of Brazil’s Lava Jato, or Car Wash, corruption investigation that has reverberated across the region in recent years.

“In the case of Odebrecht, and in any other case, the first thing we would have to do is review what there is in the Financial Intelligence Unit related to the case,” he said. Nieto does not yet have access to files and records kept by the unit.

In Brazil, Odebrecht executives admitted to paying bribes within Mexico. Prosecutors in Mexico have said they are probing business between the Brazilian conglomerate and state oil company Pemex.

Pemex has declined to comment on issues related to Odebrecht, citing the ongoing investigation. The office of Mexico’s attorney general, the finance ministry and the Financial Intelligence Unit all declined to comment for this story. Odebrecht acknowledged receipt of an emailed request for comment, but did not respond further.

Anger at widespread corruption scandals, including the alleged bribes from Odebrecht, a lucrative house deal involving the family of President Enrique Pena Nieto, and hundreds of millions of dollars siphoned from government coffers through fake contracts, helped leftist Andres Manuel Lopez Obrador win a landslide presidential victory in July.

Lopez Obrador pledged in his manifesto to clamp down on financial crime, and tighten money laundering, banking and tax regulations. He has given few details of how he will achieve this, but promises to set an example of probity from the presidency.

Tasked with helping to prevent and fight money laundering and terrorism financing, the financial intelligence unit receives and analyzes information that it should then pass on to prosecutors to investigate and construct a case.

A former lead prosecutor for electoral crimes, Nieto was dismissed in 2017 on the grounds that he broke a code of conduct when he gave an interview about his investigation into Odebrecht bribery during the 2012 presidential campaign.

Nieto has admitted his mistake, but denies breaking rules or revealing sensitive information. He said his firing was illegal.

Last month, two incoming administration officials told Reuters that Odebrecht may be blocked from participating in public works projects under the new government.

Odebrecht responded that wrongdoing at the company should not be used to impose sanctions against it in Mexico.

Corrupt System?

Nieto said he would press for more information sharing between federal departments that investigate tax, electoral and organized crime, and investigate possible corruption within the system.

“I have the impression that there is a factor of internal corruption,” he said, without providing specifics.

The Financial Action Task Force, an international organization that sets global standards for fighting illicit finance, said earlier this year that in Mexico “financial intelligence does not often lead to investigations of money laundering, underlying crimes, and terrorist financing.”

Following the report, Mexico’s finance ministry and the attorney general’s office issued a joint statement recognizing shortcomings and promising to improve efforts.

However, the Mexican government seized just 871 million pesos ($46.3 million) and $14.7 million between September 2017 and June 2018, and began just one criminal proceeding, according to official statistics.

Nieto, who called the outcomes “terrible,” pointed to the financial intelligence unit and attorney general’s office as the two “bottlenecks” holding back cases.

“It is a matter of impunity, a complicit government, and a lack of political will to fight corruption,” Nieto said.

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