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Price of Kuwaiti oil dropped US$4.26 to settle at US$114.98 per barrel on Thursday, compared with US$119.24 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday.
Globally, price of the Brent crude went up by $2.93 to 112.04 pb, while West Texas Intermediate crude went up by $2.62 to USD 112.21 pb, reported state news agency. ENA
Pakistani Prime Minister Shehbaz Sharif proposed Friday to expand and include Turkiye in the multibillion-dollar China Pakistan Economic Corridor (CPEC).
Addressing a ceremony of the launch of PNS Badr, the third ship under the framework of Turkey’s National Ship Project (MİLGEM) in Karachi, Sharif said turning the CPEC into a trilateral project with Pakistan, Turkiye and China would be beneficial for the region.
"The ongoing China Pakistan Economic Corridor (CPEC) was set to translate regional connectivity and a trilateral arrangement with the inclusion of Turkiye could prove beneficial for the people in the region," he said, according to state-run APP news agency.
His statement comes one day after Chinese Foreign Minister Wang Yi proposed expanding BRICS, the bloc made up of Brazil, Russia, India, China and South Africa.
Sharif said that multi-dimensional cooperation between Pakistan and Turkiye in defense, foreign policy and public welfare was reaching new heights of friendship for the benefit of the two peoples.
In July 2018, the Pakistan Navy signed a contract for the acquisition of four MILGEM-class ships with Turkey’s state-run defense firm ASFAT.
According to the plan, two corvettes are to be built in Turkey and the next two in Pakistan, which also involve technology transfer.
Sharif said the launch of PNS Badr would enhance maritime activities at the Karachi Port and Port Qasim, leading to the development of financial and industrial progress.
He said the launch of the ship was a “moment of pride for the entire Pakistani nation and the naval forces of the two countries” and appreciated the efforts of the naval chief, his team and the defense minister.
The premier thanked and lauded Turkiye for always being a great supporter of the sovereignty of Pakistan.
"Turkiye and Pakistan as ‘one nation living in two countries’ and even before the creation of Pakistan, the Muslims of the sub-continent supported the cause of their Turkish brethren," said Sharif.
A message by Turkish President Recip Tayyip Erdogan was screened where he assured Pakistan that Turkey would provide all support needed to strengthen its military infrastructure, the agency reported.
The MILGEM vessels are 99 meters (325 feet) long with a displacement capacity of 24,00 tons. It can move at a speed of 29 nautical miles. The anti-submarine combat frigates can be hidden from the radar.
The ceremony was also attended by Turkish Defense Minister Hulusi Akar, Chief of Naval Staff Admiral Amjad Khan Niazi and a large number of Pakistani and Turkish naval officers.
- Sharif meets Turkish defense minister
Meanwhile, Sharif meet Akar and appreciated the deep-rooted strategic cooperation between the two countries in all fields including shipbuilding, engineering, solid waste management and transport.
He thanked the government and people of Turkiye for their unwavering support of Pakistan’s stance on the Kashmir issue at all international forums, according to an official statement.
Sharif directed authorities to benefit from Turkish expertise and experience in all possible avenues.
"He extended his heart-felt gratitude to the Government and people of Turkey for their strong commitment in helping Pakistan develop robust institutions like Karachi Shipyard which has been transformed into a profit-earning organisation over the years due to Turkish support," it said./aa
A new report by the UN migration agency warns that the number of migrants dying in the East and Horn of Africa (EHoA) region has increased this year compared to 2020.
The International Organization for Migration (IOM) said many deaths and disappearances occurred along the eastern migratory route in the Horn of Africa.
From the Horn, migrants move to Gulf nations where primarily young migrants, mainly men and young boys, but also increasingly women and even children, leave countries like Somalia and Ethiopia, traveling to Djibouti crossing the Gulf of Aden, to reach Yemen with their destination being Saudi Arabia.
IOM spokeswoman for East and Horn of Africa, Yvonne Ndege, told Anadolu Agency that “109 migrants, 17 of whom were children, lost their lives or disappeared on this very route last year, that's up from 59 in 2020.”
In 2019, the number of dead and disappeared was worse with 135 migrants dying or unaccounted for.
The report notes that the most frequent causes of deaths and disappearances during migration in 2021 “were drowning (64) and harsh environmental conditions (5) particularly the high temperatures that all too frequently result in exhaustion and dehydration.”
Of the 674,243 individuals on the move recorded by IOM in EHoA in 2021, more than 269,000, or 40%, were along the eastern route. The 2021 figures represent a 70% increase from 2020 when 157,000 migrants were tracked on the Eastern Corridor.
On the southern route heading from the Horn to South Africa, IOM recorded nearly 59,000 movements in 2021, predominantly by Ethiopian nationals.
The report urged support from donors to tackle the issue, Ndege told Anadolu Agency.
“The IOM is seeking funding and donor support to meet the immediate humanitarian needs of those who are on the eastern route, and to, of course, try to address the root causes of what is prompting many young people in the eastern Horn of Africa region to make this dangerous journey in which as the report finds many end up disappeared or missing.”
In March 2021, smugglers threw an estimated 80 passengers overboard from an overfilled boat carrying up to 200 people, resulting in at least 20 deaths and an unknown number of disappearances in the Gulf of Aden.
The next month, 44 people drowned, including 16 children, when a returning boat capsized in the Gulf off the coast of Djibouti.
And in June 2021, a boat carrying up to 200 passengers capsized in the Bab-al- Mandab straight near Ras al-Ara, Yemen, resulting in 25 deaths and up to 175 people who were lost at sea./aa
Bitcoin fell below $29,000 on Friday as cryptocurrencies continue weak trading.
The world’s biggest crypto by market cap fell to as low as $28,800 at 2 p.m. EDT. It was trading around $29,260 at 5.50 p.m. for a daily loss of 3.4%.
Ethereum, the world’s largest altcoin, was at $1,964 for a daily decline of 2.5%.
The total value of the crypto market stood at $1.25 trillion for a loss of 2.5%.
The crypto market lost almost half of its value during the last six weeks as most of the losses came during the past two weeks after the US Federal Reserve increased interest rates by 50 basis points May 4 and signaled more hikes in June and July./aa
The US Federal Reserve Bank of St. Louis President James Bullard said Friday that the central bank does not expect an American recession unless there is a large shock.
"Recessions would have to come because there’s some really large shocks, but I can’t rule out that there would be some really big shock," Bullard told the FOX network. "Maybe there would be, but I am not seeing it near-term."
The Fed raised interest rates by 25 basis points in March and an additional 50 basis points May 4 to lower record inflation. Fed President Jerome Powell also signaled that more 50 basis points rate hikes are on the table in coming meetings.
With the Fed's hawkish stance and aggressive monetary tightening, the US stock market has been on a decline for the past two weeks.
The Fed is aiming to tame the record inflation, now at 8.5%, but higher interest rates mean less liquidity for the markets, pushing stock exchanges lower.
"I think you would expect with the Fed raising rates that all these assets, trillions of dollars worldwide, would have to be repriced, but we have to get inflation under control and I think we have a good plan to do so," said Bullard./aa
An extremely rare and vintage Mercedes-Benz sold for a record price of €135 million ($142 million) at an auction to become the world's most expensive car, according to RM Sotheby's.
The 1955 Mercedes-Benz 300 SLR "Uhlenhaut Coupe" was sold to a private collector, and it was one of just two prototypes manufactured by the Mercedes-Benz racing department, the Canada-based international classic car auction company said in a statement on Thursday.
The car was sold at an auction in Germany on May 5.
Named after its creator and chief engineer Rudolf Uhlenhaut, the vehicle is often viewed as "the most beautiful car in the world," "one of the great jewels of motoring history" and "one of the finest examples of automotive engineering and design" by automotive experts and enthusiasts worldwide, it said.
The vehicle was based on the successful W 196 R Grand Prix car that won two world championships in the hands of Juan Manuel Fangio, the legendary Argentine racing car driver who dominated the first decade of Formula 1 racing by winning the World Drivers' Championship five times during the 1950s.
The 300 SLR had its engine enlarged to 3.0 liters for sports car racing, capable of 180 miles per hour (289.7 kilometers per hour) of top speed, making it one of the fastest road legal cars of its era.
The price makes it the most valuable car ever sold at an auction, crushing the previous record of $48.4 million paid in 2018 for a 1962 Ferrari 250 GTO at an RM Sotheby's auction./aa
At least eight countries in the World Health Organization European Region have reported cases of monkeypox in recent days, while Australia, Canada, and the US have also reported similar cases, the WHO said Friday.
The European countries that in recent days reported monkeypox – a rare viral infection that can be spread from person to person and is caused by the monkeypox virus – are Belgium, France, Germany, Italy, Portugal, Spain, Sweden, and the UK.
"These recent cases are atypical for several reasons," said Hans Kluge, WHO regional director for Europe.
"In this instance, all but one of the recent cases have no relevant travel history to areas where monkeypox is endemic, in West Africa or Central Africa," he said.
Kluge also said that most of the initial cases found were detected through sexual health services and are among men who had sex with men.
"Because of the geographically dispersed nature of the cases across Europe and beyond, the transmission may have been ongoing for some time," he said.
Kluge said WHO is working with concerned countries to investigate cases further, determine the likely source of infection, how the virus is spreading, and limit further transmission.
"We are also providing guidance and support on surveillance, testing, infection prevention and control, clinical management, risk communication, and community engagement, as well as facilitating information sharing across countries and health networks," said Kluge.
He said most of the cases currently under investigation in Europe are mild.
Self-limiting illness
Monkeypox is usually a self-limiting illness, and most of those infected will recover within a few weeks without treatment.
"However, the disease can be more severe, especially in young children, pregnant women, and immunocompromised individuals," said the WHO regional chief.
According to Kluge, people with suspected monkeypox should be investigated and isolated on the first appearance of symptoms.
"Monkeypox does not normally spread easily between humans, and requires close contact, with the virus entering the body through broken skin, the respiratory tract, eyes, nose and mouth, and via bodily fluids," he said.
It can spread through close physical contact, including sexual contact, with someone who has monkeypox.
"As we enter the summer season in the European Region, with mass gatherings, festivals, and parties, I am concerned that transmission could accelerate, as the cases currently being detected are among those engaging in sexual activity, and the symptoms are unfamiliar to many," said Kluge./aa
Turkiye’s embassy staff and Turkish nationals in Sweden are continued to be threatened and targeted by members of the YPG/PKK terrorist group.
The embassy accused Sweden of not giving them the necessary diplomatic protection against the YPG/PKK members, who are operating freely in the country.
Despite ongoing threats and violence against Turkish people in Sweden and its officials in the country, the Swedish government and police have not taken any measures.
Turkish Ambassador to Sweden Hakki Emre Yunt said: “We are very upset about it and we do not like it. We always inform the police about their (YPG/PKK members’) demonstrations, they caused danger to the embassy in the past.
“They attacked the embassy many times and just after I arrived here, they attacked one of my cars and broke a window. Police denied that it was done by PKK and they said that since they do not have cameras on the street, they cannot find them … I mean it is unbelievable that they cannot do this.
“Because if it was done in Turkiye, the police would catch them in two hours. So, we cannot understand these laws and rules in Sweden. Even they cannot find a simple criminal, I mean, criminals.”
The embassy walls were also painted with PKK slogans and posters on many occasions and the police “refused to take any action”, the ambassador added.
“We have a police booth in front of the Swedish consulate in Istanbul, but they (the Swedish government) only send some police cars to stand in front of (the Turkish) embassy for one day or two days and then they leave”, he said.
The Turkish Embassy continues to experience difficulties in its daily life in Sweden and says that the Swedish officials “are not always friendly and positive towards us.”
Yunt said: “When I ask for an appointment for some consular work to help any citizen of Turkiye, national, sometimes they become very arrogant, they are not very polite towards us.
“For instance, the banks stop Turkish people from sending money to Turkiye. They are treating them as criminals and so people are facing all these difficulties to live here and it’s hurting our economic ties and it is hurting our daily consular business.”
The ambassador said that Turkiye has found evidence that Sweden is supplying weapons to the PKK terror group and is urging the country to stop supporting and arming the terrorist groups that are threatening the security of Turkiye.
“When we fought YPG in Syria, we found some weapons which were made in Sweden. Also, they are not hiding that they want to help them financially … They already allocated some money to help them because they consider them as an ally in Syria. We have been showing them (the Swedish side) pictures of YPG leaders together with PKK leaders, but they don’t want to accept that.”
‘Horrible stuff’
Tufan Erdogan, a Turkish national in Sweden, said that he is “extremely sad” to know that his home country Sweden is supporting terrorist organizations.
“Well, as a Turk and a Swedish it makes me sad to see the Swedish government has supported YPG, it has supported PKK. Of course, we are sad because these are terrorist groups that have done some horrible stuff toward civilians.
“So, I have seen some numbers like $376 million that the Swedish government is using to fund the YPG, and if you look at how much they have spent on Ukraine during its war against Russia, it is just like 5 million dollars. YPG is a Syrian offshoot of the PKK terror group, so it is sad to see this support from the Swedish side.”
Can Kayhan, another Turkish national, thinks that Sweden should stop supporting terrorist groups.
“I would expect them (Sweden) to stop sending military equipment to these organizations because it is not good. Sweden is a neutral country; they have been for a very long time. I just feel it is wrong, it will just affect their reputation.
“For how many years they have never been in a war and now they are supporting groups, especially terror organizations. They are sending military equipment worth $300 million and I think it is wrong.”
With more than 40 Swedish-made AT-4 weapons and French and German anti-tank ammunition, the terror group targeted Turkish security forces in Syria between 2017 and 2021.
Despite the factual evidence put across by the Turkish government, Sweden continues its support of the PKK and YPG and refuses to admit that these two groups are “the same terrorist organization.”
The Swedish government has failed to offer any explanation to Ankara about how such high-intensity weapons ended up in the hands of the PKK. Many have suffered as a consequence of the Swedish military and economic support.
“Magdalena Andersson was elected prime minister with one vote in the parliament. It was the vote of a Kurdish MP of Iranian origin. In return for this vote, $300 million in aid was given to the YPG. This happened openly, not secretly”, said Dikran Ego, an Assyrian journalist based in Sweden.
In Syria's northeastern provinces such as al-Hasakah and Qamishli, Assyrians have faced massacres throughout history by similar terrorist movements.
“What we Assyrians want from the Swedish parliament is that the terrorist groups YPG and PKK should not be helped. Because these groups attack Assyrians and Ezidis. These groups should not be armed or provided financial aid.
“We Assyrians see PKK and YPG as terrorist organizations as Turkiye does. Because of these groups and terrorists, Assyrians suffer harm in Syria, Turkiye and Iraq. Today, Assyrians in Syria live under the terror of YPG. Assyrians are against supporting PKK and YPG”, Ego added.
In its more than 35-year terror campaign against Turkiye, the PKK – listed as a terrorist organization by Turkiye, the US, and EU – has been responsible for the deaths of over 40,000 people, including women, children, and infants. The YPG is PKK’s Syrian offshoot.
NATO bids
Sweden’s and Finland’s support for the terror groups may jeopardize their entry into NATO as Turkish President Recep Tayyip Erdogan has voiced objections to the membership bids, criticizing the countries for tolerating and even supporting terrorist groups.
“As long as they keep this attitude, we will not change our position,” Yunt said.
Finland also hosts the YPG/PKK terrorists and members of Fetullah Terrorist Organization (FETO), which was behind the defeated coup in 2016 in Turkiye.
FETO and its US-based leader Fetullah Gulen orchestrated the defeated coup of July 15, 2016 in Turkiye, in which 251 people were killed and 2,734 injured.
The Turkish government accuses FETO of being behind a long-running campaign to overthrow the state through the infiltration of Turkish institutions, particularly the military, police, and judiciary.
“We also have some other concerns like arms embargo and not extraditing certain members of terrorist organizations like FETO and PKK. So, issues are the main problems for Turkiye and that’s why we made a decision to block their (Sweden and Finland’s) NATO membership application”, Yunt added./aa
The number of monkeypox cases in the UK more than doubled on Friday, the British health secretary confirmed.
Sajid Javid said the UK Health Service Agency confirmed 11 new cases of monkeypox in Britain.
This brings the total number of cases in the UK to 20.
"This morning I updated G7 health ministers on what we know so far. Most cases are mild, and I can confirm we have procured further doses of vaccines that are effective against monkeypox," Javid said.
The disease is usually linked to travel in parts of Central and West Africa, raising concerns that it has started to spread via community transmission within the UK.
Monkeypox is similar to smallpox. The UK Health Service Agency said the risk to Britain is low as the virus does not spread easily, most people recover from the mild illness after a few weeks, and its similarity to smallpox means it can be treated with the smallpox vaccine which is at least 85% effective in preventing the illness.
Susan Hopkins, the chief medical adviser of the UK Health Service Agency, said: "We expect this increase to continue in the coming days and for more cases to be identified in the wider community. Alongside this, we are receiving reports of further cases being identified in other countries globally.”
Monkeypox cases have also been reported recently in the US, Europe, and Australia./aa
Turkiye will “not change” its position on Sweden’s NATO membership application as long as the Nordic country has “ties with the terrorist organization PKK,” Turkiye’s envoy to Stockholm said.
Speaking to Anadolu Agency, Hakki Emre Yunt said Swedish authorities do not accept that YPG and PKK are the same group.
Yunt said that Sweden claims that YPG is not a terrorist organization because “they have been very useful in the fight with this Daesh group in Syria and in Iraq.”
“So, they want to continue to help them by financial means and also by some military equipment. And we have been telling them to stop this relationship with YPG, but they have rejected so far and also with PKK which is also on the terror list of Sweden and EU,” he added.
In its more than 35-year terror campaign against Turkiye, the PKK – listed as a terrorist organization by Turkiye, the US, and EU – has been responsible for the deaths of over 40,000 people, including women, children, and infants. The YPG is PKK’s Syrian offshoot.
The Turkish ambassador said that Sweden has been “helping them and accommodating them.”
“Some Swedish parliament members have been supporting them,” he added.
He said: “They have been pressuring the government to remove them (terrorist groups) from the terror list and to take a negative stance toward Turkiye because of our fight with PKK.
“So we are not happy about these things.”
Yunt said that Turkiye has “some other concerns like the arms embargo against Turkiye, (and they are also) not extraditing certain members of terrorist organizations like FETO (the Fetullah Terrorist Organization) and PKK.”
“So, these three issues are the main problems for Turkiye and that's why we took the decision to pull up their application to NATO.”
“When we fought with YPG in Syria, we found some weapons, which were made in Sweden,” Yunt said.
He said: “Also they (Sweden) are not hiding that they want to help them (the terror groups) financially.
“(For) next year, they have already allocated some money to help them because they consider them as an ally in Syria, but we have been showing them pictures of YPG leaders together with some PKK leaders.
“However, Swedish authorities don’t want to accept that. We see a very awkward situation. Despite all the proofs, they do not want to admit that these two groups are the same terrorist organization.”
Yunt said Turkiye will not change its position “as long as they keep this attitude.”
Sweden and Finland formally applied to join NATO on Wednesday – a decision spurred by Russia's war on Ukraine, which began in February. But Turkiye, a longstanding member of the alliance, has voiced objections to the membership bids, criticizing the countries for tolerating and even supporting terrorist groups./aa