Tag: Surprise

  • Saudis, other oil giants announce surprise production cuts

    Saudis, other oil giants announce surprise production cuts

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    The production cuts alone could push U.S. gasoline prices up by roughly 26 cents per gallon, in addition to the usual increase that comes when refineries change the gasoline blend during the summer driving season, said Kevin Book, managing director of Clearview Energy Partners LLC. The Energy Department calculates the seasonal increase at an average of 32 cents per gallon, Book said.

    So with an average U.S. price now at roughly $3.50 per gallon of regular, according to AAA, that could mean gasoline over $4 per gallon during the summer.

    However, Book said there are a number of complex variables in oil and gas prices. The size of each country’s production cut depends on the baseline production number it is using, so the cut might not be 1.15 million. It also could take much of the year for the cuts to take effect. Demand could fall if the U.S. enters a recession caused by the banking crisis. But it also could increase during the summer as more people travel.

    Even though the production cut is only about 1% of the roughly 100 million barrels of oil the world uses per day, the impact on prices could be big, Book said.

    “It’s a big deal because of the way oil prices work,” he said. “You are in a market that is relatively balanced. You take a small amount away, depending on what demand does, you could have a very significant price response.”

    Saudi Arabia announced the biggest cut among OPEC members at 500,000 barrels per day. The cuts are in addition to a reduction announced last October that infuriated the Biden administration.

    The Saudi Energy Ministry described the move as a “precautionary measure” aimed at stabilizing the oil market. The cuts represent less than 5% of Saudi Arabia’s average production of 11.5 million barrels per day in 2022.

    Iraq said it would reduce production by 211,000 barrels per day, the United Arab Emirates by 144,000, Kuwait by 128,000, Kazakhstan by 78,000, Algeria by 48,000 and Oman by 40,000. The announcements were carried by each country’s state media.

    Russia’s Deputy Prime Minister Alexander Novak meanwhile said Moscow would extend a voluntary cut of 500,000 until the end of the year, according to remarks carried by the state news agency Tass. Russia had announced the unilateral reduction in February after Western countries imposed price caps.

    All are members of the so-called OPEC+ group of oil exporting countries, which includes the original Organization of the Petroleum Exporting Countries as well as Russia and other major producers. There was no immediate statement from OPEC itself.

    The cuts announced in October — of some 2 million barrels a day — had come on the eve of U.S. midterm elections in which soaring prices were a major issue. President Joe Biden vowed at the time that there would be “consequences” and Democratic lawmakers called for freezing cooperation with the Saudis.

    Both the U.S. and Saudi Arabia denied any political motives in the dispute.

    Since those cuts, oil prices have trended down. Brent crude, a global benchmark, was trading around $80 a barrel at the end of last week, down from around $95 in early October, when the earlier cuts were agreed.

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    ( With inputs from : www.politico.com )

  • PM Modi inspects new Parliament building during surprise visit

    PM Modi inspects new Parliament building during surprise visit

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    New Delhi: Prime Minister Narendra Modi made a surprise visit to the new Parliament building on Thursday evening.

    Sources said that the Prime Minister spent more than an hour inside the new building, during which he inspected various works.

    According to the sources, during his surprise visit, the Prime Minister also inspected the facilities being installed in both the Houses of Parliament (Lok Sabha and Rajya Sabha).

    During the visit, Modi also interacted with the workers engaged in the construction work of the new parliament building.

    The Prime Minister was accompanied by Lok Sabha Speaker Om Birla. The new building, which was earlier expected to be completed by November last year, is likely to be inaugurated soon.

    A series of pictures showed the Prime Minister interacting with construction workers, standing amid the big halls, and taking a tour of the place.

    The new building will have facilities like a grand Constitution Hall to showcase India’s democratic heritage, a lounge for members of Parliament, a library, multiple committee rooms, dining areas, ample parking space etc.

    It will also have a new Prime Minister’s Office (PMO), Cabinet Secretariat, India House and National Security Council Secretariat.

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    ( With inputs from www.siasat.com )

  • China makes surprise rate cut to boost liquidity in banking system

    China makes surprise rate cut to boost liquidity in banking system

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    Hong Kong: China’s central bank has made a surprise cut to the amount of money that banks must keep in reserve, in an effort to keep money flowing through the financial system and prop up the economy, media reports said.

    The People’s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for almost all banks by 0.25 percentage points, effective March 27, CNN reported.

    “(We must) make a good combination of macro policies, better serve the real economy, and maintain reasonable and sufficient liquidity in the banking system,” the PBOC said in a statement.

    The late Friday move came as a surprise and follows a week of turmoil in global financial markets triggered by the failure of some regional US banks.

    As recently as Wednesday, analysts from Goldman Sachs said they were expecting the PBOC to keep interest rates and the RRR “unchanged” through the first half of 2023, CNN reported.

    The central bank had already injected hundreds of billions of yuan into the banking system since January, mainly through a medium-term lending facility, the analysts said.

    The rapid collapse of the two US banks and troubles at Credit Suisse have stoked fears about the health of the global banking sector.

    Regulators on both sides of the Atlantic have taken emergency measures since Sunday to provide liquidity support to troubled lenders and shore up the confidence in the banking system. On Thursday, a group of America’s largest banks stepped in to rescue First Republic Bank with a $30 billion lifeline, CNN reported.

    Earlier this month, Yi Gang, Governor of the PBOC, hinted at a news conference that monetary policy this year will be largely stable.

    “The current level of real interest rates is relatively appropriate,” he said.

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    ( With inputs from www.siasat.com )

  • Surprise Inspection At PHC Ashtingo Reveals Widespread Employee Absence

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    SRINAGAR: The Primary Health Centre (PHC) in Ashtingo, located in the Bandipora district, recently had a surprise inspection by the Block Medical Officer Bandipora, Dr Masarat Iqbal. During the inspection, it was discovered that 10 out of 12 staff members, including two medical officers, two pharmacists, three nurses, one BHW, one driver, and one sweeper, were absent from their duties. As a result, they have been put on notice by the BMO Bandipora.

    The employees have been issued a show-cause notice, requiring them to clarify their stance before any disciplinary measures are implemented. Additionally, the officer emphasized the importance of punctuality among the staff to ensure efficient service delivery.

    An order was issued after a surprise visit was conducted at PHC Ashtingoo on March 13th, 2023, around 11:00 AM. The officers and officials who were discovered to be late on duty have been instructed to provide an explanation as to why disciplinary action should not be taken against them under the rules. The reply should be submitted in the office u/sd within a day. Furthermore, the order states that their RDA, which amounts to 2 ½ days’ salary, will be deducted for the month of March 2023.

    A separate order has been issued by the BMO, indicating that Dr Saboor Sikandar, a Medical Officer at PHC Ashtingoo, has been suspended immediately due to his unauthorized absence from his official duties on March 15th, 2023. The order further directs Dr. Sikandar to report to the office of u/sd without delay. (KNO)

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    ( With inputs from : kashmirlife.net )

  • Provocative Putin makes surprise trip to occupied Mariupol

    Provocative Putin makes surprise trip to occupied Mariupol

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    A provocative Vladimir Putin made a surprise weekend visit to Russian-occupied Mariupol, one of the symbols of Ukrainian resistance.

    Mariupol, a port city on the Sea of Azov, is located in Ukraine’s Donetsk Oblast and this is the Russian president’s first trip in the region since the start of his war against Ukraine in February 2022.

    Mariupol fell to Russia last May, after the Kremlin failed to seize Kyiv. The battle for Mariupol was one of the war’s longest and bloodiest, as Moscow’s troops carried out some of their most notorious strikes. The Russian assaults included an attack on a maternity ward, which the Organization for Security and Cooperation in Europe (OSCE) said was a war crime, and the bombing of a theater that was clearly marked as housing children. 

    It is the closest to the front lines Putin has been since the yearlong war began. The move is likely to be seen as particularly provoking to Ukrainians. The trip to Mariupol came after Putin travelled to Crimea on Saturday in an unannounced visit to mark the ninth anniversary of Russia’s annexation of the peninsula from Ukraine, the Kremlin said in a statement.

    Putin’s visits come just after the International Criminal Court (ICC) issued an arrest warrant for the Russian leader and top Russian official Maria Alekseyevna Lvova-Belova over the forced transfer of Ukrainian children to Russia. 

    So far during Moscow’s invasion of Ukraine, Putin has largely remained inside the Kremlin, while Ukrainian President Volodymyr Zelenskyy has made a number of trips to the battlefield to boost the morale of Kyiv’s troops. 

    Putin flew by helicopter to Mariupol, Russian new agencies reported, citing the Kremlin. Then he travelled around several parts of the city, driving a car and making stops to talk to residents.

    The Kremlin said Putin also examined the coastline of Mariupol, visiting a yacht club and theater building. In the Nevsky district of Mariupol, Putin visited a family in their home. The new residential neighborhood has been built by Russian military with the first people moving in last September, according to media reports.

    Residents have been “actively” returning, Russian Deputy Prime Minister Marat Khusnullin, who accompanied Putin, was cited as saying by Russian agencies. “The downtown has been badly damaged,” Khusnullin was reported as saying. “We want to finish [reconstruction] of the center by the end of the year, at least the facade part. The center is very beautiful.”

    There were no immediate reaction from Kyiv to the visit.

    The Kremlin has not commented yet on the ICC arrest warrant. Former Russian President Dmitry Medvedev said: “The International Criminal Court has issued an arrest warrant against Vladimir Putin. No need to explain WHERE this paper should be used … ” concluding with a toilet paper emoji.

    Moscow has previously said it did not recognize the court’s authority. 



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    ( With inputs from : www.politico.eu )

  • DC Shopian conducts surprise visit of DH Shopian, PHC Tukroo

    DC Shopian conducts surprise visit of DH Shopian, PHC Tukroo

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    SHOPIAN, MARCH 10: To assess the provision of health services being provided to the public, the Deputy Commissioner (DC) Shopian, Sachin Kumar Vaishya today conducted surprise visits of various healthcare centres of the district, including District Hospital Shopian.

    During the visit, the DC toured various sections of the District Hospital and took stock of the medical facilities being provided to the patients there.

    He visited different sections and wards including OPD, Registration counter, USG centre, CT scan room, wards and other sections of the hospital and enquired about the functioning of USG and CT scan machine. He was apprised about the clinical and non clinical services being given to the patients, attendants and general public visiting the hospital.

    The DC directed the BMO Shopian, Dr. Mohammad Yousuf to ensure provision of quality medicare facilities to the public.

    Later, the DC inspected the PHC Tukroo and took stock of Medicare facilities there and directed the health functionaries to provide better healthcare treatment to the patients.

    The DC also interacted with the patients at both the hospitals and enquired about the medical facilities being provided to them and sought feedback from the public on a variety of issues concerning healthcare.

    The DC also checked the attendance and directed the healthcare functionaries to work with utmost dedication and punctuality.

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    ( With inputs from : roshankashmir.net )

  • Austin makes surprise trip to Baghdad

    Austin makes surprise trip to Baghdad

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    During the visit, Austin met with Iraqi Prime Minister Mohammed Shia al-Sudani and Defense Minister Thabet Muhammad Al-Abbasi.

    Iraq has served as a point of friction between the U.S. and Iran, with Tehran’s influence in the region growing over the past two decades. Despite U.S. successes in ousting the group from territory it controlled six years ago, Islamic State fighters and sleeper cells have continued to launch attacks in Syria and Iraq, killing or wounding dozens of Iraqi troops in recent months.

    “We’ll continue working to accomplish this mission together. Through the global coalition to defeat Daesh, we liberated more than 50,000 square kilometers from Daesh and freed more than 4.5 million Iraqis from their cruel grip,” Austin told reporters, using an Arabic name for the Islamic State.

    In his address, Austin also underscored the United States’ long-term commitment to Iraq, vowing to defend the nation and outlast the extremist group.

    “We continue to believe that Iraq’s greater integration with its Arab partners in the region will deliver increased stability, security, and prosperity, and it will pay dividends not only for Iraqi citizens, but for all people of the region,” he said, according to a readout.

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    ( With inputs from : www.politico.com )

  • Garland makes surprise visit to Ukraine

    Garland makes surprise visit to Ukraine

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    “Just over twelve months ago, invading Russian forces began committing atrocities at the largest scale in any armed conflict since the Second World War,” Garland said at the conference, according to a readout provided by the Justice Department. “We are here today in Ukraine to speak clearly, and with one voice: the perpetrators of those crimes will not get away with them.”

    “In addition to our work in partnership with Ukraine and the international community, the United States has also opened criminal investigations into war crimes in Ukraine that may violate U.S. law,” Garland added.

    “The United States recognizes that what happens here in Ukraine will have a direct impact on the strength of our own democracy,” Garland said, before invoking historical parallels including the Holocaust and Nuremberg war trials.

    Garland stressed that U.S. human rights and environmental prosecutors are providing advice and assistance to the Ukrainian Prosecutor General’s office on specific cases, including environmental war crimes.

    The surprise visit comes just after the one-year anniversary of Russia’s unprovoked invasion of Ukraine, and just about two weeks after President Joe Biden made his first trip to the country — which had also been unannounced — since the war began. Garland is the second Cabinet official to visit Ukraine in recent weeks, with Treasury Secretary Janet Yellen traveling to Kyiv to meet with Zelenskyy on Feb. 27.

    This is also the second surprise visit Garland has made to Ukraine since Russia invaded. The first was in June 2022, when he traveled to western Ukraine to discuss the actions the U.S. was taking to hold Russia accountable for war crimes and atrocities.

    Garland said in a February statement marking the one-year anniversary of Russia’s invasion that prosecutors from the Justice Department’s War Crimes Accountability Team were “working closer than ever before” with its Ukrainian counterparts to “investigate specific crimes committed by Russian forces, including attacks on civilian targets.”

    “Over the past year, the Ukrainian people have shown the world what courage looks like,” Garland said in the statement. “And for as long as it takes, the Department of Justice will continue to stand shoulder-to-shoulder with our Ukrainian and international partners in defense of justice and the rule of law.”

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    ( With inputs from : www.politico.com )

  • Rapid demise of ‘Dilbert’ is no surprise to those watching

    Rapid demise of ‘Dilbert’ is no surprise to those watching

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    NEW YORK — The comic strip “Dilbert” disappeared with lightning speed following racist remarks by creator Scott Adams, but it shouldn’t come as a shock to anyone who has followed them both.

    Adams, who is white, was an outspoken presence on social media long before describing Black people as a “hate group” on YouTube and, to some, “Dilbert” had strayed from its roots as a chronicler of office culture.

    The editor of the San Francisco Chronicle, which dumped “Dilbert” last year, said the comic strip “went from being hilarious to being hurtful and mean.” The Los Angeles Times, which joined dozens of other newspapers in dropping the comic following last week’s remarks, had quietly replaced four of Adams’ strips last year.

    “He kind of ran out of office jokes and started integrating all this other stuff so after a while, it became hard to distinguish between Scott Adams and ‘Dilbert,’” said Mike Peterson, columnist for the industry blog The Daily Cartoonist.

    As individual newspapers told readers they were dropping “Dilbert,” the company that distributed the strip, Andrews McMeel Universal, said it was severing ties with Adams. By Monday, “Dilbert” was gone from the GoComics site, which also features many top comics such as “Peanuts” and “Calvin and Hobbes.”

    Adams said Monday that the strip, which first appeared in 1989, will only be available on his subscription service on the Locals platform.

    “Dilbert” is effectively dead, Peterson said.

    Adams said Monday on YouTube that his distributor didn’t really have a choice because clients and other cartoonists were mad. “They were just forced into it,” he said.

    On Twitter, he said his book publisher and book agent had “canceled” him. The Penguin Random House imprint Portfolio said it wouldn’t publish Adams’ book “Reframe Your Brain” in September, according to the Wall Street Journal.

    Adams has long been active on Twitter, whose CEO, Elon Musk, was among the few to publicly back him. He also blogs regularly and puts out a regular podcast on YouTube.

    He’s attracted attention for comments he’s made in the past, including saying in 2011 that women are treated differently by society for the same reason as children and the mentally disabled — “it’s just easier this way for everyone.” He said 2016 GOP presidential candidate Carly Fiorina had an “angry wife face.”

    Adams became a vocal supporter of former President Donald Trump, saying Trump had a hypnotist’s skill in attracting followers. He said that stance cost him money in lost speaker’s fees.

    He said he lost the prime-time animated “Dilbert” series that ran on UPN for two seasons for “being white” when the network decided to target a Black audience, and that he lost two other corporate jobs because of his race.

    During the Feb. 22 episode of his YouTube podcast “Real Coffee with Scott Adams,” he referenced a Rasmussen Reports survey that had asked whether people agreed with the statement “It’s OK to be white.” Most agreed, but Adams noted that 26% of Black respondents disagreed and others weren’t sure.

    The Anti-Defamation League said the phrase at the center of the question was popularized as a trolling campaign by members of 4chan — a notorious anonymous message board — and was adopted by some white supremacists. Rasmussen Reports is a conservative polling firm.

    Adams repeatedly referred to people who are Black as members of a “hate group” or a “racist hate group” and said he would no longer “help Black Americans.” On his podcast Monday, he called his “hate group” remark “hyperbole,” but continued to defend his advice that white people “get the hell away” from Blacks.

    In announcing that “Dilbert” would be cut from the Kansas City Star, the newspaper’s community engagement editor, Derek Donovan, said Adams’ “antagonistic, childishly macho persona” has been a constant for years.

    “It’s not cancel culture,” editor Richard Green of the Santa Rosa Press Democrat in California said. “It’s doing the right thing.”

    The Sun Chronicle in Attleboro, Massachusetts, left a blank space Monday where “Dilbert” would normally run and said it would keep it that way through March “as a reminder of the racism that pervades our society.”

    The San Francisco Chronicle stopped publishing “Dilbert” last October — a move that drew only a handful of complaints. Editor-in-Chief Emilio Garcia-Ruiz said in the newspaper that he had objected to a strip that said in an effort to diversify workplaces, straight men should pretend to be gay.

    In a Sept. 2 “Dilbert” strip, a boss said that traditional performance reviews would be replaced by a “wokeness” score. When an employee complained that could be subjective, the boss said, “That’ll cost you two points off your wokeness score, bigot.”

    In an August strip, the boss said the company was getting into the “pandemic prevention market” and creating demand by unleashing a deadly virus.

    A Black employee featured in an Oct. 20 strip noted that his boss ignored his actual accomplishments to recommend him for a job for which he was not qualified. The employee backed down when told it would be a big jump in pay.

    Peterson said there are other examples of how Adams’ attitudes had replaced the biting humor that Peterson and a legion of middle managers loved. Adams seemed to run out of jokes.

    “The strip jumped the shark,” he said.

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    ( With inputs from : www.politico.com )

  • Surprise Market Checking intensified in Khalhar Kokernag

    Surprise Market Checking intensified in Khalhar Kokernag

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    Sheikh Nadeem

    Anantnag: A Surprise Market checking was conducted in Khalhaar area of Kokernag by a team of officials led by Tehsildar Kokernag Syed Muiz Qadri along with revenue staff.

    “The checking was aimed at ensuring the quality and price control and to keep a vigil on erring traders,” officials said.

    During the inspection, rotten Vegetables,Fruits were spoiled besides expired food items like Dal,Chips,Ghee,Turmeric Powder worth amount of 15000 were recovered and destroyed on spot during market Checking.

    if shopkeepers found violating the legal regulations will be dealt as per law Tehsildar Syed Muiz Qadri added;

    He also urged upon the people to avoid the use of polythene so that the pollution in the area can be minimized.

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    ( With inputs from : roshankashmir.net )