US Customs and Border Protection says systems are being restored after earlier outage snarled international arrivals at airports

Ex-SEC chief questions Markopolos for not bringing GE claims as a…”If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery,” says former SEC Chairman Harvey Pitt. Investingread more


Ex-SEC chief questions Markopolos for not bringing GE claims as a…”If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery,” says former SEC Chairman Harvey Pitt. Investingread more
US Customs and Border Protection says systems are being restored after earlier outage snarled international arrivals at airports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: leslie josephs
Keywords: news, cnbc, companies, sec, markopolos, outage, border, restored, customs, international, potential, questions, potentially, protection, recovery, snarled, pittinvestingread, harvey, earlier, arrivals, systems, ge, reap


US Customs and Border Protection says systems are being restored after earlier outage snarled international arrivals at airports

Ex-SEC chief questions Markopolos for not bringing GE claims as a…

“If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery,” says former SEC Chairman Harvey Pitt.

Investing

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: leslie josephs
Keywords: news, cnbc, companies, sec, markopolos, outage, border, restored, customs, international, potential, questions, potentially, protection, recovery, snarled, pittinvestingread, harvey, earlier, arrivals, systems, ge, reap


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Nvidia’s core gaming business may see stability: Analyst

Nvidia’s core gaming business may see stability: Analyst9 Hours AgoChristopher Rolland of Susquehanna International Group discusses Nvidia’s business outlook. He also says 5G will be a “fairly small market” for the company.


Nvidia’s core gaming business may see stability: Analyst9 Hours AgoChristopher Rolland of Susquehanna International Group discusses Nvidia’s business outlook. He also says 5G will be a “fairly small market” for the company.
Nvidia’s core gaming business may see stability: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16
Keywords: news, cnbc, companies, stability, international, gaming, small, susquehanna, rolland, analyst, core, market, business, hours, outlook, nvidias


Nvidia's core gaming business may see stability: Analyst

Nvidia’s core gaming business may see stability: Analyst

9 Hours Ago

Christopher Rolland of Susquehanna International Group discusses Nvidia’s business outlook. He also says 5G will be a “fairly small market” for the company.


Company: cnbc, Activity: cnbc, Date: 2019-08-16
Keywords: news, cnbc, companies, stability, international, gaming, small, susquehanna, rolland, analyst, core, market, business, hours, outlook, nvidias


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Shares of Cathay Pacific rebound, but the airline may still be in a ‘very tough place’

A view from a Cathy Pacific Jet which see another Cathay Pacific Jet Park in Hong Kong International Airport in Hong Kong, China. 23 May 2019 NurPhoto | Getty ImagesShares of Hong Kong airline Cathay Pacific rebounded in Wednesday morning trade. “It’s very, very hard for us to know what’s going to happen in the next upcoming days or even upcoming weeks simply because right now Cathay Pacific is unfortunately stuck in a very, very, very tough place.” Shares of Cathay Pacific jumped more than 2.5%


A view from a Cathy Pacific Jet which see another Cathay Pacific Jet Park in Hong Kong International Airport in Hong Kong, China. 23 May 2019 NurPhoto | Getty ImagesShares of Hong Kong airline Cathay Pacific rebounded in Wednesday morning trade. “It’s very, very hard for us to know what’s going to happen in the next upcoming days or even upcoming weeks simply because right now Cathay Pacific is unfortunately stuck in a very, very, very tough place.” Shares of Cathay Pacific jumped more than 2.5%
Shares of Cathay Pacific rebound, but the airline may still be in a ‘very tough place’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: eustance huang
Keywords: news, cnbc, companies, safety, pacific, airline, international, airport, rebound, shares, kong, cathay, china, airlines, aviation, hong, tough, place


Shares of Cathay Pacific rebound, but the airline may still be in a 'very tough place'

A view from a Cathy Pacific Jet which see another Cathay Pacific Jet Park in Hong Kong International Airport in Hong Kong, China. 23 May 2019 NurPhoto | Getty Images

Shares of Hong Kong airline Cathay Pacific rebounded in Wednesday morning trade. Still, “much uncertainty” remains ahead in the market, according to Luya You, analyst for transportation research at Bocom International. “We believe … the most prudent way to treat the stock right now is to downgrade to neutral,” You — who disclosed ownership in Cathay Pacific stock — told CNBC’s “Squawk Box” on Wednesday. “It’s very, very hard for us to know what’s going to happen in the next upcoming days or even upcoming weeks simply because right now Cathay Pacific is unfortunately stuck in a very, very, very tough place.” Shares of Cathay Pacific jumped more than 2.5% in morning trade on Wednesday.

Right now Cathay Pacific is unfortunately stuck in a very, very, very tough place Luya You Analyst for transportation research at Bocom International

Cathay in the spotlight amid protests

You’s comments came as Hong Kong continues to be rocked by protests that have lasted for weeks and have seen outbursts of violence. Recent rounds have left operations at the city’s airport disrupted for two days. For its part, Cathay Pacific has come under increased scrutiny from Beijing, with the Chinese aviation regulatory body issuing a “major aviation safety risk warning” to the airline last week. The Civil Aviation Authority said that “on multiple occasions,” Cathay’s flight personnel have participated in “violent assault,” according to CNBC’s translation. “The incidents pose a serious threat to aviation safety, causing adverse social impact and as a result is increasing inbound aviation safety threats from Hong Kong to the mainland,” it said. It also ordered the carrier to provide identification information for its crew on mainland-bound flights, and said that crew members that do not receive the authority’s approval won’t be allowed into its airspace, including on flights bound for other destinations. Asked if other airlines could benefit from the misfortunes of Cathay Pacific, You said it was possible but “it’s a little bit too early” at the moment, as the Chinese aviation authority was “still waiting” to see the carrier’s response. “If things do significantly … deteriorate then potentially yes, you know, the other airlines such as Air China, China Southern, even foreign airlines at Hong Kong International Airport could benefit from any displaced demand that goes from Cathay to anywhere else,” she said.

‘Very critical period’


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: eustance huang
Keywords: news, cnbc, companies, safety, pacific, airline, international, airport, rebound, shares, kong, cathay, china, airlines, aviation, hong, tough, place


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Hong Kong airport cancels all flights for the remainder of the day due to protests

Hong Kong International Airport, one of the world’s busiest terminals, has canceled all departures for the remainder of the day, citing serious disruption due to protests. The airport authority said Monday it had canceled all flights not yet checked in by the afternoon. Around 5,000 anti-government protesters had been demonstrating at the airport for a fourth day on Monday. Some activists had reportedly moved to the departure area and caused disruption, according to the Hong Kong police. The air


Hong Kong International Airport, one of the world’s busiest terminals, has canceled all departures for the remainder of the day, citing serious disruption due to protests. The airport authority said Monday it had canceled all flights not yet checked in by the afternoon. Around 5,000 anti-government protesters had been demonstrating at the airport for a fourth day on Monday. Some activists had reportedly moved to the departure area and caused disruption, according to the Hong Kong police. The air
Hong Kong airport cancels all flights for the remainder of the day due to protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: matt clinch
Keywords: news, cnbc, companies, airport, cancels, remainder, canceled, serious, flights, day, public, hong, international, disruption, kong, protests, car


Hong Kong airport cancels all flights for the remainder of the day due to protests

Hong Kong International Airport, one of the world’s busiest terminals, has canceled all departures for the remainder of the day, citing serious disruption due to protests.

The airport authority said Monday it had canceled all flights not yet checked in by the afternoon. Around 5,000 anti-government protesters had been demonstrating at the airport for a fourth day on Monday. Some activists had reportedly moved to the departure area and caused disruption, according to the Hong Kong police. The police declined to say if it would move to clear the demonstrators.

The airport authority said in a statement: “Airport operations at Hong Kong International Airport have been seriously disrupted as a result of the public assembly at the airport today.”

“The traffic to the airport is very congested, and the car park spaces at all car parks are already full. Members of the public are advised not to come to the airport,” it added. It later advised all passengers to leave the terminal building as soon as possible.

The increasingly violent protests since June have plunged the Asian financial hub into its most serious crisis in decades and are one of the biggest popular challenges to Chinese leader Xi Jinping since he came to power in 2012.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: matt clinch
Keywords: news, cnbc, companies, airport, cancels, remainder, canceled, serious, flights, day, public, hong, international, disruption, kong, protests, car


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Hundreds of protesters sit in at Hong Kong airport to reiterate their ‘five demands’

Several hundreds of protesters, many of them young and donning black T-shirts, handed out anti-government flyers in more than 16 languages to arrival passengers at the Hong Kong International Airport on Friday. “Please forgive us for the ‘unexpected’ Hong Kong,” the English leaflets read. Yet for this Hong Kong, we fight,” the flyers said according to Reuters. Protesters said they wanted to reiterate their demands and put their case “in front of an international audience,” according to social me


Several hundreds of protesters, many of them young and donning black T-shirts, handed out anti-government flyers in more than 16 languages to arrival passengers at the Hong Kong International Airport on Friday. “Please forgive us for the ‘unexpected’ Hong Kong,” the English leaflets read. Yet for this Hong Kong, we fight,” the flyers said according to Reuters. Protesters said they wanted to reiterate their demands and put their case “in front of an international audience,” according to social me
Hundreds of protesters sit in at Hong Kong airport to reiterate their ‘five demands’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: grace shao
Keywords: news, cnbc, companies, international, demands, flyers, protesters, travel, airport, retraction, hong, hundreds, kong, sit, reiterate, terminal, passengers, according


Hundreds of protesters sit in at Hong Kong airport to reiterate their 'five demands'

Several hundreds of protesters, many of them young and donning black T-shirts, handed out anti-government flyers in more than 16 languages to arrival passengers at the Hong Kong International Airport on Friday.

“Please forgive us for the ‘unexpected’ Hong Kong,” the English leaflets read. “You’ve arrived in a broken, torn-apart city, not the one you have once pictured. Yet for this Hong Kong, we fight,” the flyers said according to Reuters.

Protesters said they wanted to reiterate their demands and put their case “in front of an international audience,” according to social media posts from demonstrators.

The massive travel hub connects the city to more than 220 global destinations and served 74.7 million passengers last year, according to the airport’s website.

Airport authorities said only departing passengers with travel documents will be allowed to enter Terminal 1 on Friday morning, as the airport braces for what protesters are describing as a three-day event. The terminal serves long-haul flights.

Online platforms such as Instagram, Telegram, Airdrop and local Hong Kong forums have become the main means of organization among protesters because they give some anonymity to users.

The demands were originally released in July, a day after a small group of protesters stormed the Hong Kong legislature:

a full withdrawal of a proposed bill that would allow Hong Kong people to be extradited to mainland China

a retraction of any characterization of the movement as a “riot”

a retraction of charges against anti-extradition protesters

an independent committee to investigate the Hong Kong police’s use of force

universal suffrage in elections for the city’s chief executive officer and legislature by 2020

So far, Hong Kong authorities have given no concessions, though Chief Executive Carrie Lam “suspended” the extradition bill last month.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: grace shao
Keywords: news, cnbc, companies, international, demands, flyers, protesters, travel, airport, retraction, hong, hundreds, kong, sit, reiterate, terminal, passengers, according


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How two global organizations are helping to lay the foundations for a renewable energy future

Organizations such as REN21, which describes itself as an “international policy network,” play a significant role in this discussion and debate. It was set up in 2004 following the International Conference on Renewable Energy in Bonn and issues reports “to help drive the global transition to renewable energy.” “So we need to move from an electricity transition to an energy transition.” REN21 is one of several bodies focusing on renewable energy and the environment. Others include Future Earth, w


Organizations such as REN21, which describes itself as an “international policy network,” play a significant role in this discussion and debate. It was set up in 2004 following the International Conference on Renewable Energy in Bonn and issues reports “to help drive the global transition to renewable energy.” “So we need to move from an electricity transition to an energy transition.” REN21 is one of several bodies focusing on renewable energy and the environment. Others include Future Earth, w
How two global organizations are helping to lay the foundations for a renewable energy future Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: anmar frangoul
Keywords: news, cnbc, companies, helping, international, world, future, lay, network, global, told, energy, renewable, ren21, organizations, transition, foundations, governments, policy


How two global organizations are helping to lay the foundations for a renewable energy future

Around the world, big businesses and governments are searching for ways to increase their use of renewable sources of energy and, at the same time, reduce their impact on the environment.

Organizations such as REN21, which describes itself as an “international policy network,” play a significant role in this discussion and debate.

REN21 members include governments, industry associations, non-governmental organizations and academic institutions.

It was set up in 2004 following the International Conference on Renewable Energy in Bonn and issues reports “to help drive the global transition to renewable energy.”

Rana Adib is REN21’s executive secretary. “Governments and intergovernmental organizations are part of REN21 and the network,” she told CNBC’s Sustainable Energy. “We work with them to generate… knowledge but also to spread the information we are producing and to inform policy making,” she added.

REN21’s reports are available online and are free to view. Looking at the bigger picture, shining light on data in a concise and clear way will be a crucial tool if attitudes are to change and the world is to transition to more renewable sources of energy.

“If we look at the energy that we consume globally we need to keep in mind that most of it, actually more than 80%, is used for heating and cooling as well as for transport,” Thomas Andre, a project manager and analyst at REN21, told CNBC, adding that renewables were “barely increasing” in those two sectors.

“This imbalance is directly linked to another one, which is the lack of political attention in those two sectors as opposed to the electricity one,” Andre said. “So we need to move from an electricity transition to an energy transition.”

REN21 is one of several bodies focusing on renewable energy and the environment. Others include Future Earth, which in the words of its executive director, Amy Luers, is “an international network of researchers and innovators working together to advance the global sustainability agenda.”

Luers told CNBC that as well as responding to requests from the United Nations for policy briefs, Future Earth also worked with cities, local governments, the private sector and civil society.

“What our community does is help to understand complex issues and… look at trade-offs and synergies and find solutions,” she added.


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: anmar frangoul
Keywords: news, cnbc, companies, helping, international, world, future, lay, network, global, told, energy, renewable, ren21, organizations, transition, foundations, governments, policy


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IMF says trade war threatens China’s growth, pushes for an equitable resolution

The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade that avoids “undermining the international system.” “China and its trading partners should work cooperatively and constructively to settle their disputes in a rules-based multilateral framework and make joint efforts to reform the WTO in a g


The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade that avoids “undermining the international system.” “China and its trading partners should work cooperatively and constructively to settle their disputes in a rules-based multilateral framework and make joint efforts to reform the WTO in a g
IMF says trade war threatens China’s growth, pushes for an equitable resolution Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: kate rooney
Keywords: news, cnbc, companies, threatens, good, executive, worlds, international, china, pushes, chinas, work, zhongxia, trade, wto, imf, growth, war, equitable, resolution


IMF says trade war threatens China's growth, pushes for an equitable resolution

The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly.

In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade that avoids “undermining the international system.”

“China and its trading partners should work cooperatively and constructively to settle their disputes in a rules-based multilateral framework and make joint efforts to reform the WTO in a good faith and win-win approach,” Jin Zhongxia, executive director for China at the IMF, said in a press release. “That is not only good for China and the U.S., but also for the international community as a whole.”


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: kate rooney
Keywords: news, cnbc, companies, threatens, good, executive, worlds, international, china, pushes, chinas, work, zhongxia, trade, wto, imf, growth, war, equitable, resolution


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Robinhood gets approval to launch its popular investing app in the UK

In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the U.K.’s financial services watchdog. The California-based firm has a stated mission to “democratize” finance, and has proved popular with younger investors in particular. Recently valued by inves


In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the U.K.’s financial services watchdog. The California-based firm has a stated mission to “democratize” finance, and has proved popular with younger investors in particular. Recently valued by inves
Robinhood gets approval to launch its popular investing app in the UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: ryan browne
Keywords: news, cnbc, companies, financial, company, investors, international, launch, uk, gets, app, younger, zerofee, wander, popular, robinhood, watchdogthat, investing, approval


Robinhood gets approval to launch its popular investing app in the UK

In this photo illustration a Robinhood Markets logo seen displayed on a smartphone.

Robinhood is set to bring its popular zero-fee stock trading app to Britain.

The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the U.K.’s financial services watchdog.

That means it can now launch its product in the country, and Robinhood says it has been building out a team in London led by former TransferWise executive Wander Rutgers.

“Today marks the beginning of a new chapter for Robinhood, and we’re excited to take the first important step towards bringing our investing platform to customers in the U.K.,” Rutgers, Robinhood’s president of International, said in a statement.

The California-based firm has a stated mission to “democratize” finance, and has proved popular with younger investors in particular. Recently valued by investors at $7.6 billion, the six-year-old company claims to have 6 million users in total.


Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: ryan browne
Keywords: news, cnbc, companies, financial, company, investors, international, launch, uk, gets, app, younger, zerofee, wander, popular, robinhood, watchdogthat, investing, approval


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Climate change could trigger an international food crisis, UN panel warns

A report from the United Nations’ scientific panel on climate change warns that it will be impossible to keep worldwide temperatures at safe levels unless humans change the way they produce food and use land. The report, issued on Wednesday by the Intergovernmental Panel on Climate Change, describes how global warming is already exacerbating food insecurity by destroying crop yields, decreasing livestock productivity and increasing pests and diseases on farmland. The IPCC said that warming start


A report from the United Nations’ scientific panel on climate change warns that it will be impossible to keep worldwide temperatures at safe levels unless humans change the way they produce food and use land. The report, issued on Wednesday by the Intergovernmental Panel on Climate Change, describes how global warming is already exacerbating food insecurity by destroying crop yields, decreasing livestock productivity and increasing pests and diseases on farmland. The IPCC said that warming start
Climate change could trigger an international food crisis, UN panel warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: emma newburger
Keywords: news, cnbc, companies, land, celsius, change, projected, crisis, emissions, panel, food, warming, trigger, warns, report, climate, continue, international, global


Climate change could trigger an international food crisis, UN panel warns

In this May 29, 2019 photo, a partially flooded field he farms near Shenandoah, Iowa.

A report from the United Nations’ scientific panel on climate change warns that it will be impossible to keep worldwide temperatures at safe levels unless humans change the way they produce food and use land. Simply cutting carbon emissions from automobiles and factories alone won’t be enough to avert a worldwide food crisis.

The report, issued on Wednesday by the Intergovernmental Panel on Climate Change, describes how global warming is already exacerbating food insecurity by destroying crop yields, decreasing livestock productivity and increasing pests and diseases on farmland.

The IPCC said that warming starting at 2 degrees Celsius could trigger an international food crisis in upcoming years. This July was the hottest month ever recorded, with global temperatures up 1.2 degrees Celsius above pre-industrial levels. If greenhouse gas emissions continue at the current rate, in roughly 20 years the atmosphere will warm up by 1.5 degrees Celsius above pre-industrial levels.

“This is not the distant future. People should be nervous,” said Tim Searchinger, a senior fellow at the World Resources Report.

In fact, the temperature over land is warming at twice the speed of the global average, and has already reached over the 1.5 Celsius mark, according to the report.

The global food system contributes up to 37% of global greenhouse gas emissions, mainly through raising cattle, cultivating rice and adding fertilizer to farmland. Agriculture and other land use, which produce about 23% of human-caused emissions, has increased soil erosion, while deforestation and significant food waste has further increased carbon emissions.

The looming crisis is made worse by more frequent extreme weather events triggered by rising temperatures.

In the just the past month, a heat wave scorched Europe, then moved to Greenland to cause record ice melt there; fires tore across Russia and the Arctic; Hurricane Barry flooded parts of Louisiana, and U.S. farmers got hit with a heatwave after suffering from a year of record flooding and trade war tariffs.

“We’re understanding better how the intensity, frequency and duration of extreme events translates into economic impacts,” said Louis Verchot, a lead author of the report.

Climate change is already impacting food security in dry lands, mainly in Africa and mountainous regions of Asia and South America.

More intense and frequent droughts are also projected to increase in most drastically in the Mediterranean region and southern Africa, while wildfires are projected to hit North America, South America, Mediterranean, southern Africa and central Asia, according to the report. The tropics and subtropics are projected to be most vulnerable to crop yield decline.

“As we continue to pour more CO2 into the atmosphere, the earth’s system continues to absorb more and more. This additional gift from nature is limited. It’s not going to continue forever,” said Verchot.

“If we continue to degrade our ecosystems, to deforest, to destroy our soils, we’re going to lose this natural subsidy we’re getting that’s protecting us from ourselves as we pump more greenhouse gases into the atmosphere,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: emma newburger
Keywords: news, cnbc, companies, land, celsius, change, projected, crisis, emissions, panel, food, warming, trigger, warns, report, climate, continue, international, global


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Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s


Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s
Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


Pakistan reacts to India's revoking of Kashmir's special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty Images

Pakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. The Indian High Commissioner to Pakistan, Ajay Bisaria, was summoned by Islamabad’s ministry of foreign affairs. During that meeting, “the Foreign Secretary conveyed Pakistan’s unequivocal rejection of these illegal actions as they are in breach of international law and several UN Security Council resolutions,” Pakistan’s foreign ministry said in a statement. On Monday, Interior Minister Amit Shah told India’s parliament that the central government would scrap Article 370, a constitutional provision that allows Jammu and Kashmir to make its own laws and grants special rights and privileges to permanent residents of the state. The order was subsequently approved by the Indian president. Jammu and Kashmir is India’s only Muslim-majority state and is part of the broader disputed Kashmir region. Pakistan called for a joint session of its parliament on Tuesday while the country’s army chief summoned an important conference to discuss regional security, local media reported. Analysts told CNBC that Monday’s move in New Delhi will likely intensify the animosity between the nuclear-powered rivals who’ve fought multiple wars over Kashmir.

International pressure

Pakistan will likely increase diplomatic pressure on India by turning to the international community, experts said. “They will continue to raise this at multilateral forums, including the UN General Assembly, to bring diplomatic attention back to India’s actions,” Akhil Bery, South Asia analyst at risk consultancy Eurasia Group, told CNBC. India deployed tens of thousands of troops across the Kashmir Valley in anticipation of a backlash. Authorities also banned public movements, shut down schools and colleges indefinitely and put two former chief ministers of the state under house arrest ahead of the announcement. Moeed Yusuf, associate vice president of the Asia Center at the U.S. Institute of Peace, told CNBC that there will likely be “strong resistance” from locals inside India-controlled Kashmir. “If that happens, Pakistan is surely going to up the diplomatic temperature to raise UN concerns about the human rights aspects of the Indian crackdown,” he said. Bery added that many Kashmiris believe the special provisions are crucial to their identity and they have “long been weary of a strong influence from Delhi.”

Greater military activity along the border

Analysts said they expect greater military activity along the so-called Line of Control, which is the de facto border between the Indian and Pakistani parts of Kashmir, and more unrest in the region. Islamabad said Monday it would “exercise all possible options” to counter the move.

“It’s important to keep in mind that in Kashmir, there’s actually two levels — there’s a domestic level, which is between the central government and the state of (Jammu and) Kashmir. Then, there’s an international component between India and Pakistan,” Faisel Pervaiz, South Asia analyst at Stratfor, told CNBC’s “Squawk Box ” on Tuesday. Both Pakistan and India lay claim to the region in full but control only parts of it. Within the India-controlled region of Kashmir, an insurgency began in the late 1980s when some fought to join Pakistan and some fought for independence. India has accused Pakistan of backing separatists by arming and training them. Islamabad denies that and says it only offers political support to the Kashmiri people, according to Reuters. International agencies have raised concerns over violence and human rights in India-controlled Jammu and Kashmir, as well as in the Pakistan-controlled regions of Azad Kashmir and Gilgit-Baltistan. “There is a long-running insurgency in Kashmir and the question is that is there going to be an uptick in attacks?” Pervaiz said. “Because as we saw back in February, when an uptick in attack happens, that can rapidly escalate tensions.” In February, India and Pakistan carried out air strikes in each others’ territories after a terrorist attack in India-controlled Kashmir killed more than 40 security officers.

The US position


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


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