6/26/2018

''*BANKSY NEEDLES FRANCE*"


PARIS : Graffiti artist Banksy needles France with migrant mural blitz.

The mysterious British street artist Banksy appears to have taken aim at the French government's crackdown on migrants in a series of new new murals in Paris.

The world's best known graffiti painter apparently ''blitzed'' the French capital over the last few days, leaving as many as six works on walls across the city. None of the works were signed as his been Banksy's wont in recent years - but experts said that they look genuine.

The most political issues with France's tough anti-migrant policy, with nearly 40 makeshift camps rated in Paris in the last three years and President Emmanuel Macron determined that the city does not become a magnet for the refugees.

In the mural a young black girl sprays a pink pink wallpaper pattern over a a  swastika on a wall next to her sleeping bag and teddy bear in an attempt to make her patch of pavement more cossy.

The image is on a wall in northern Paris next to an official refugee shelter which was controversially closed in March despite protests from the city's socialist mayor Anne Hidalgo.

Since then around 2,000  migrants, including children and teenagers, have been sleeping rough along canals and under motorway bridges.

Migrants were still sleeping next to the mural on Sunday. Experts said the images echoes the artists  2009 painting  ''Go Flock Yourself.''

ARTIST DEFENDS MIGRANTS

Banksy, who has not yet confirmed the works are his on Instagram account, has been a long time supporter of the refugee cause.

However, he has often traveled to make powerful political points with his art about  everything from Brexit  to the fate of Palestinians.

in 2015, he painted a mural on the edge of the  Calais  ''jungle''  camp built by migrants trying to get to Britain, which has since been razed by the authorities.

The  Son of Migrant from  Syria depicted Apple  co-founder Steve Jobs   -who was of Syrian descent    -carrying a knapsack and an Apple computer.

The Honor Serving of Banksy's masterly work continues to Part 2.

''CHINA'S GIANT MEITUAN"

CHINESE online services giant Meituan Dianping filed for an initial public offering in Hong Kong on Monday, in what could become one of the biggest IPOs of the year.

The food delivery and restaurant review service is the latest Chinese ''unicorn'' - a tech startup valued at least $1 billion - to seek a listing to raise billions in funds.

The file did not disclose which day it will list or the amount of cash it aims to raise, But  Bloomberg Nres reported that firm was said to have been targeting $6 billion fundraising at a valuation of about $60 billion.

The scale would be around the same level as as  smartphone maker  Xiamomi's  announced goal of $6.1 billion, which Bloomberg said would be the world's biggest IPO for . Xiaomi is expected to list on July 9.

Groupon-like website was founded by CEO Wand Xing in 2010 andd merged with  comment-rating platform Dianping Holdings into a $15 billion provider of online services in 2015.

The pair are leading enterprise in China's group-buying market and were backed by Internet giants  Alibaba and its rival Tencent, respectively.

The combined company   Meituan-Dianping, now mainly backed by Tencent, offers a variety of services including  group-buying , food ordering and delivery, restaurant and movie ticket booking.

It also launched ride hailing services earlier this year trying to compete with industry leader  Didi Chuxing.

With revenue mainly generated by  commissions , Meituan said it had   310 million active users and  4.4 million active merchants  and its gross transaction volume reached 35.5 billion yuan  ($5.5 billion} in 2017.

But it reported a  19 billion yuan loss for last year, up from the around  six billion  yuan loss in 2016.

The IPO comes after Hong Kong allowed firms with dual voting to list in former British colony. [Agencies].

' *QATAR'S NEW FRIENDS* '


SIX MOTHS AGO Serkan Ucar arrived in Doha to scope out business opportunities - away from his usual patch. 

The mission looks set to pay off  handsomely, as the Turkish entrepreneur expects to win a first contract to help build an iconic 2022 World Cup stadium.

Since several Arab countries launched an economic boycott of Qatar's a year ago, the tiny Gulf state has had to find an alternative partners for trade and investments. Aided by its massive natural gas wealth, it has rapidly made new friends.

A year ago, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut transport and trade links with Doha, accusing it off backing  terrorism   -a charge that it strongly denies.

The boycott disrupted Qatar's shipping routes through the Gulf and blocked imports across its only land border with Saudi Arabia, previously the route for its perishable food supplies and construction materials.

In the bitter diplomatic and economic chill, Ankara sided with Qatar. Ucar, 28, saw openings.

''They've have been extremely welcoming for Turkish companies after the blockade,'' Ucar told Reuters at a hotel where he was about to interview for engineers for jobs at his new office in Doha.

His family business Referans Holding expects to sign a contract soon to supply scaffolding and aluminium and fit out Lusail Stadium, where the  2022 World Cup final will take place.

Many Turkish contractors are bidding for projects as Qatar project pushes ahead with infrastructure for the tournament, said  Joseph Abraham, chief executive of Commercial Bank of Qatar.

World Cup Boom.

Huge construction projects are under way for the  World Cup . Seven new stadiums are being built, along with other infrastructure, sucking in building materials from far afield.

Gypsum, used to make drywall, is being newly imported from Iran, said a construction manager who declined to be named. Gabbro, used to make asphalt and concrete, was now being imported from Oman instead of UAE.

While the  World Cup  means  sporting drama and global prestige, the early stages of the boycott were all about urgent shortages of basic products.

When diary, fresh milk and eggs disappeared from stores, Doha airlifted in more than 3,000 cows on state airline Qatar Airways and imported eggs from Oman, which kept its shipping route with Qatar open when Dubai halted shipments to Doha.

In Qatar's supermarkets, Turkish brands like Ulker and Pinar soft cream cheese are doing well.

''The Turkish market is very important to us,'' said Saleh bin Hamad al Sharqi, director general at the Qatar Chamber of Commerce and Industry. 'It's geographically close logistically, high quality and less competitive prices.''

*INDIA'S ''WhatsApp TEXT" LYNCHING*


A WhatsApp text circulating in some districts of India's central Madhya Pradesh state helped to inflame a mob of 50-60 villagers into savagely beating up to two innocent men last week on suspension that they were going to murder people and sell their body parts.

The essence of the message, written in Hindi, was that 500 people disguised as beggars were roaming the area so that they could kill people to harvest their organs.

The message also urged recipients to forward it to friends and family. Police said  the message was fake.

Police officers who joined several local WhatsApp groups, found three men circulating the message and they were arrested , said Jayadevan A, the police chief for Balaghat district, where the incident occurred.

This happened just weeks after WhatsApp text warning of 400 child traffickers arriving in the southern technology hub of  Bengaluru led a frenzied mob to lynch  26 year old man, a migrant construction worker from another Indian state, on suspicion that he was a kidnapper.

He was attacked while he was just walking on the road.

So far this year, false message about child abductors on Facebook Inc-owned WhatsApp have helped trigger mass beatings of more than a dozen people in India   -at least three of whom have died.

In addition, fake messages about child molesters and snatchers on  Facebook, as well as some texts on WhatApp , also led to the lynching of two men in eastern India earlier this month.

WhatsApp's Biggest Market

With more than 200 million users in India,  WhatsApp's biggest market in the world, false news, and videos circulating on the messaging app have become a new headache for social media giant Facebook, already grappling with a privacy scandal.

Headline June 27, 2018/ ''' *THE ECONOMIC WAR* '''


''' *THE ECONOMIC WAR* '''




PRESIDENT  DONALD TRUMP  ON FRIDAY  threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all US imports of European Union assembled cars.

Trump posted his threat on Twitter the day European union reprisals took effect against US tariffs on European steel and aluminum. The EU targeted $3.2 billions in American goods exported to the 28-member bloc.

''If those Tariffs and Barriers are not soon broken down and removed, we will be placing a 20%  Tariff on all of their cars coming into the US Build them here!'' he wrote.

A month ago, the administration launched a probe whether auto imports pose a national security threat.

President Trump had pledged not very long ago, to impose tariffs on imports from countries that  Trump had said exploited the United States. Late last month, trump proceeded to infuriate US allies    -from the EU to Canada and Mexico by imposing tariffs of 25 percent on imported steel and 10 percent on aluminum.

President Trump has also started a trade war with China over Beijing's sharp-elbowed  efforts to overtake US technological dominance. China's tactics range from forcing American companies to hand over technology in exchange for access to the Chinese market to outright cyber-theft.

The White House last week announced plans to slap a 25 percent tariffs on 1,100 Chinese goods, worth $50 billion in imports.

Trump would start July 6 by taxing $34 billion worth of products and later add tariffs on additional $16 billion in goods. The Chinese have said they will respond in kind. Trump said he would retaliate against any counterpunch from Beijing by targeting an additional $200 billion if China refused to back down.

All told, the $450 billion in potential tariffs would cover nearly 90 percent of goods China sends to the United States.

The tariffs and threats have begun to take a toll. Steel and Aluminum prices, for example, have shot up and supplies have become scarce.

''Steel pricing is usually relatively stable,'' said AI Rheinnecker, CEO of American piping Products in Chesterfield, Missouri, which distributes steel pipe to numerous industries. Bu  -  ''since April, you can quote something on Monday, and if the customer doesn't buy it right away, you may have to raise the price on Thursday.''

So far, Rheinnecker has managed to pass along the higher costs to his customers. He's not sure how long that will last.

The Commerce Department is allowing companies to request exemptions from the steel and aluminum tariffs - if they can show that the metals they need aren't available from American producers.

The department expected 4,500 requests. But it's been overwhelmed by more than 20,000. This week, it said it has processed just 98 requests so far, approving 42 and denying 56.

The rising tensions and the chaos surrounding the steel and aluminum tariffs are starting to generate pushback on Capital Hill. Senators this week grilled Commerce Secretary Wilbur Ross.

''As you consider these tariffs, know that you are taxing American families, you are putting American jobs at risk, and you are destroying markets - both foreign and domestic - for American businesses of all types, sorts and sizes,'' said Senate Finance Chairman Orrin Hatch, R-Utah.

Economists and trade analysts worry that there may be no way out of  an all-out trade and economic war between the United States and its most vital trading partners.

The Honor and Serving of the latest Global Operational Research on  developed Economies
and Trade War continues.

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