Latest news with #rejected
Egypt Independent
17 hours ago
- Politics
- Egypt Independent
Egypt slams attempts to undermine ties with Saudi Arabia
CAIRO, July 17 (MENA) – Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty met on Thursday with his Saudi counterpart Prince Faisal bin Farhan in New Alamein, where he strongly rejected attempts by online platforms to damage relations between Egypt and Saudi Arabia. He described the ties as longstanding and resilient. During the talks, the two ministers reaffirmed the strength of bilateral cooperation under the leadership of President Abdel Fattah al-Sisi and Saudi King Salman and discussed ongoing work through the Egyptian-Saudi Supreme Coordination Council, which supports joint economic and investment efforts. They also reviewed developments in Gaza, where Abdelatty described Egypt's efforts to secure a ceasefire and deliver humanitarian aid. Egypt is also preparing to host a conference for Gaza's reconstruction. Talks also covered Libya, with Egypt backing a Libyan-led political solution without foreign interference. Abdelatty stressed the importance of protecting Libya's sovereignty and restoring stability. The ministers addressed the crisis in Sudan, agreeing on the need to stop the fighting and preserve the country's unity, institutions, and borders. Additionally, both sides condemned Israeli airstrikes on Syrian territory, including recent attacks in Damascus. They called for Israel to withdraw from the Syrian land occupied since 1967, including the Golan Heights. (MENA)
Time of India
21 hours ago
- Business
- Time of India
US to WTO: Auto duty levied on national security grounds
The US has rejected India's claim that American tariffs on auto and auto parts qualify as safeguard measures under the WTO (World Trade Organisation) rules, and asserted that the duties are imposed on national security grounds. It has added that, on these grounds, India has no basis to propose retaliatory tariffs against these duties. India has said it is reserving the right to impose retaliatory duties on US tariffs (25 per cent) on automobiles and auto parts, stating that the levies are safeguard measures that are harming its domestic industry. In a reply to this, the US has informed the WTO that US President Donald Trump imposed these tariffs to adjust imports of these articles as they threaten to impair the national security of America. "These actions are... not safeguard measures. Accordingly, there is no basis for India's proposal to suspend concessions or other obligations under... the Agreement on Safeguards with respect to these measures," a WTO communication, dated July 17, said. It was circulated at the request of the delegation of the US. The US also said that India has not complied with the obligations under the WTO's Agreement on Safeguards. "The United States will not discuss the Section 232 tariffs under the Agreement as we do not view the tariffs as a safeguard measure," it added. A similar communication was also circulated to reject India's claim that American tariffs on steel and aluminium are safeguard measures under the WTO rules . The proposed suspension of concessions, which India has notified, could take the form of increased tariffs on selected US products. While India has not disclosed those items yet, in a similar move in 2019, it had imposed retaliatory tariffs on 28 US products, ranging from almonds and apples to chemicals. Earlier this month, India proposed imposing retaliatory duties against the US over American tariffs on imports of the country's auto parts in the name of safeguard measures. The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the US. On July 10, India revised its proposal to impose retaliatory duties against the US over American tariffs on steel and aluminium in view of the further hike in duty by the Trump administration. agencies.
Yahoo
a day ago
- Business
- Yahoo
Dinosaur Coins ETC, BCH and DOGE Roar Back as Altcoin Season Heats Up
The highly-anticipated altcoin season is finally here. After bitcoin BTC broke record highs last week and consolidated this week, the way opened for capital to rotate into the more speculative altcoin market. Friday's top performers are known as dinosaur coins, many of which were created before the 2017 bull market. Ethereum classic (ETC) leads the pack with a 24-hour surge of 20% after breaking through the $20.27 level of resistance. It still faces a stern test at $25.00, a level it rejected exactly one year ago before plummeting to $15.80. ETC's growing popularity is reflected in its trading volume. That tripled to $756 million, showing the move is backed by traders who are rolling capital from sector to sector in true "altcoin season" style. Litecoin (LTC), bitcoin cash (BCH), dogecoin (DOGE) and of course XRP also posted notable gains. And all rose to stardom as retail investors poured capital into the 2017 cycle. LTC is up in part because of MEI Pharma's $100 million LTC fund with the project's founder, Charlie Lee, taking a board seat. But it's also due to a general rotation into legacy coins that stuttered during this week's ferocious altcoin move. Uniswap (UNI), which was actually released slightly later than the others, in 2020, also climbed 20%, and as volume topped $1.7 billion — a 70% increase. It is now trading above the $8.11 and $10.33 levels of resistance as it looks to move up towards $12.09, a level that caused several rejections during the middle of last year. What does Friday's move mean? The rotation into dinosaur coins can be looked at one of two ways. Either it is a bullish scenario in which traders are flipping their gains and moving methodically from sector to sector, or it is the early etchings of a cycle high, with traders attempting to squeeze the final scraps of profit before a the market enters a correction. There are several technical indicators that first, bullish, scenario is the most likely, including a series of breakouts above months-old levels of resistance. If, however, bitcoin tumbles below $110,000 altcoins will suffer a complete wipeout. Open interest on several altcoins suggests the recent move has been backed with leverage. Dogecoin open interest is up at $2 billion, a 30% rise in 24 hours, while uniswap's is up by 35% to $389 million, Coinalyze data shows. This means that if the market experiences a broader sell-off, leveraged altcoin positions will unwind, leading to liquidations and subsequent pressure to sell. Coupled with the reduced liquidity and lower market depth of altcoins, several tokens could face a decline in excess of 10%. The ideal scenario for altcoins is bitcoin climbing above the $124,000, a level of resistance, and moving higher before another period of consolidation. That would allow capital to rotate without the risk of an immediate correction.
Indian Express
2 days ago
- Politics
- Indian Express
State Information Commission directs Rakhial police to provide CCTV footage in gambling case, with conditions
The State Information Commission has directed the Rakhial police station in Ahmedabad to provide CCTV footage related to a gambling case arrest, while ensuring the details of others in the footage are obscured. This order was passed by State Information Commissioner Manoj Patel in response to an appeal by Mohammed Sufiyan Rajput, a Rakhial resident. According to the details, police conducted a raid in February 2024 in which the applicant along with others were arrested for alleged violation of the Gambling Act and was taken to the police station. Rajput had sought CCTV footage of the police station of the relevant episode when he and other accused were taken to the police station. Rajput's application was rejected by the concerned Public Information Officer (PIO) under the provisions of Section 8 (1)(j) of the Right to Information Act and also since he was one of the accused in the case. Section 8 of the RTI Act is related to exemption from disclosure of certain information. And Section 8(1)(j) states, 'information which relates to personal information the disclosure of which has no relationship to any public activity or interest, or which would cause unwarranted invasion of the privacy of the individual unless the Central Public Information Officer or the State Public Information Officer or the appellate authority, as the case may be, is satisfied that the larger public interest justifies the disclosure of such information…' The applicant had first challenged the PIO order before the Appellate Authority under the Act. However, the appeal was not allowed by the appellate authority, following which he moved a second appeal before the State Information Commission. Deciding upon the appeal, the State Information Commissioner Manoj Patel in his order, dated July 8, noted: 'At this juncture, in the interest of justice, the Commission finds it appropriate to provide the applicant's footages free of cost by separating it and hiding others' details. The Public Information Officer has agreed to this.' Eventually, the Commission ordered the PIO to provide the applicant the CCTV footage to the extent of his presence while 'hiding' the details of others in it through an RPAD (Registered Post Acknowledgement Due). An official of Rakhial police station said that following the Commission's order, they have provided the relevant CCTV footages to the applicant where he can be seen but the details of others have been blurred.
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Business Standard
2 days ago
- Politics
- Business Standard
SC raps govt over NIA trial delays, says bail likely without special courts
The Supreme Court on Friday criticised the Centre for not setting up enough special courts to handle terror-related cases under the National Investigation Agency (NIA) Act, Bar and Bench reported. A Bench comprising Justices Surya Kant and Joymalya Bagchi observed the lack of dedicated NIA courts was causing delays in trials. As a result, undertrials may have to be released on bail if their cases continue to be stalled. 'If the authorities fail to establish special courts with requisite infrastructure to conduct time-bound trials, the courts would invariably be without any option but to release undertrials on bail. How long can such suspects be kept behind bars when there is no mechanism for speedy trial?' the SC Bench noted in its order. Court heard bail plea in terror case The top court was hearing a bail petition filed by Kailash Ramachandani, an undertrial in an NIA case. On May 23, it had asked the Centre to respond to the plea. At that time, the court had emphasised that trials in such sensitive cases should ideally proceed on a day-to-day basis. It had also noted that the creation of special courts and related infrastructure falls under the executive's responsibilities and must be handled in consultation with the Chief Justice of the concerned High Court, after reviewing case pendency, Bar and Bench reported. Govt gets more time, but court is not impressed When the matter was heard again on Friday, the court acknowledged that the under-secretary of the NIA had submitted an affidavit. However, it found no concrete steps had been taken to set up exclusive courts for speedy trials. 'You want prosecution under special Acts also and yet no speedy trial for the accused,' the Bench said. The judges made it clear that merely designating existing courts as special NIA courts would not meet the required standards. 'It goes without saying that it would require creation of posts in the superior judicial services cadre and also requisite ministerial staff. The bail infrastructure would need suitable courtrooms. None of those steps have been taken,' the top court observed. 'An impression is being created that just designating an existing court as a special court under Section 11 of the NIA Act, 2008, satisfies our earlier order. This is rejected.' Last chance given to Centre, Maharashtra Despite the delay, the Supreme Court granted a final opportunity to the Centre and the State of Maharashtra to address the issue. 'We had earlier stated that if exclusive special courts are not set up, then the petitioner's prayer for bail shall be considered on merits. List after four weeks. Last opportunity to the Union of India and respondent-state,' the Bench said.
