Man who slapped Macron to stand trial on Thursday

French President Emmanuel Macron. (File/AFP)
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Updated 10 June 2021
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Man who slapped Macron to stand trial on Thursday

  • Tarel’s attack on the president stunned the country
  • The unemployed 28-year-old said during interrogation that he had been close to the anti-government “yellow vest” protest movement

PARIS: Damien Tarel, the medieval martial arts enthusiast who slapped French President Emmanuel Macron across the face, will go before a judge in a fast-track trial on Thursday.

Tarel had acknowledged striking Macron while the president was on a visit to a professional training college, but told investigators it was not premeditated, local prosecutor Alex Perrin said in a statement.

The unemployed 28-year-old said during interrogation that he had been close to the anti-government “yellow vest” protest movement which shook the Macron presidency, and held ultra-right wing political beliefs.

“He maintained that he acted out of impulse and ‘without thinking’ to express his discontent,” Perrin said in a statement late on Wednesday.

Tarel’s attack on the president stunned the country. Macron later described it as an isolated incident and said violence and hate were a threat to democracy.

The president had been on a trip to the Drome region in the southeast to take the country’s pulse after the pandemic and with less than a year to go before the next presidential election.

Acquaintances of Tarel described a man who loved period role-play and was not a trouble-maker. The prosecutor said he was not a member of any political or militant group.

Tarel was arrested along with a second man from his hometown of Saint-Vallier. Police found weapons, a copy of Adolf Hitler’s autobiographical manifesto Mein Kampf and a red flag with golden sickle and mortar that is the international symbol of the communist movement in the second man’s home, Perrin said.

The second man will not face any charges related to the slapping but will be prosecuted for illegal possession of arms in 2022.


Amid investment push, Pakistan prepares for upcoming visit by Saudi business delegation

Updated 2 min 29 sec ago
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Amid investment push, Pakistan prepares for upcoming visit by Saudi business delegation

  • Pakistan and Saudi Arabia have been working closely in recent weeks to increase bilateral trade and investment 
  • Pakistani PM has visited Saudi Arabia twice in a month, met crown prince and top ministers and banking heads

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif said on Friday he hoped for “fruitful” meetings when a high-level delegation of Saudi businessmen that will visit Islamabad in the “next few days” amid a push by the South Asian nation to attract foreign investment. 
Pakistan and Saudi Arabia have been closely working in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman also reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.
On Thursday, Pakistani Information Minister Attaullah Tarar said a “high-powered” delegation of Saudi businesspeople and heads of major Saudi companies would be in Islamabad in the “next few days” to discuss private sector investments. 
“The best hospitality should be given to the Saudi delegation,” Sharif said as per a statement from the Prime Minister’s Office after a review meeting on Saudi investments in Pakistan. 
“It is hoped that the meetings of Pakistani businessmen with the Saudi delegation will be fruitful.”
The business delegation’s visit comes on the heels of one by Sharif to Riyadh from Apr. 27-30 to attend a special two-day meeting of the World Economic Forum. On the sidelines of the WEF conference, the Pakistani PM met and discussed bilateral investment and economic partnerships with the crown prince and the Saudi ministers of finance, industries, investment, energy, climate, and economy and planning, the adviser of the Saudi-Pakistan Supreme Coordination Council and the presidents of the Saudi central bank and Islamic Development Bank.
This was Sharif’s second meeting with the crown prince in a month. Before that he also met him when he traveled to the Kingdom on April 6-8. The Saudi foreign minister was also in Pakistan last month, during which Pakistan pitched projects worth at least $20 billion to Riyadh.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as a top source of remittances to the cash-strapped South Asian country. 
Saudi Arabia has often come to Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up forex reserves.
As things stand, Pakistan desperately needs to shore up its foreign reserves and is in talks with the International Monetary Fund (IMF) for a new bailout deal, for which it needs to signal that it can continue to meet requirements for foreign financing which has been a key demand in previous loan packages. 
Last year Pakistan set up the Special Investment Facilitation Council, a body consisting of Pakistani civilian and military leaders and specially tasked to promote investment in Pakistan. The council is so far focusing on investments in the energy, agriculture, mining, information technology and aviation sectors and specifically targeting Gulf nations.


Cockfights still rule the roost in India’s forest villages

Updated 5 min 25 sec ago
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Cockfights still rule the roost in India’s forest villages

  • India is renowned for its fanatical cricket obsession but in the central state of Chhattisgarh, cockfighting draws the crowds
  • When a cockfight is on calendar, hundreds of men walk far across rivers, through dense bushland and over hills for ringside view

KATEKALYAN: The swing of a talon and a flurry of feathers leaves a rooster motionless, a cockfight bout viewed as cruel by many but which binds disparate Indian forest communities together.
India is renowned for its fanatical cricket obsession but in the central state of Chhattisgarh, cockfighting draws the crowds.
“Earlier there was no other entertainment and it helped us meet people from other villages,” Raju, whose skill in raising fighting fowl has made him something of a local celebrity, told AFP.
“Even with all the changes around us today, the sport is still very popular,” the 32-year-old added.
The forests of Bastar district are home to numerous tribal communities living in scattered villages.
India has pumped millions of dollars into infrastructure development, and new roads and mobile phone towers have brought the forest’s inhabitants somewhat closer to the outside world.
Rugged terrain and the tyranny of distance in remote Bastar district still lend few occasions for these villages to interact with each other.
But when a cockfight is on the calendar, hundreds of men will walk far across rivers, through dense bushland and over hills to get a ringside view.
“I do nothing but organize fights, raise roosters and place bets,” Bhagat, 35, of Katekalyan village told AFP.
Last month was Katekalyan’s turn to host a bout, with men from out of town ringing the fence of the dirt enclosure where roosters spar.
Most cockfights are over in the blink of an eye, with the pre-game pageantry accounting for most of the action.
Bhagat and a rival rooster owner first hold their bird’s beak to beak to gauge whether they have the necessary hostility to battle.
Both men then use twine to fix sharp blades to the claws of their charges as the crowd shouts out their small wagers on the outcome.
Along with much of the rest of the world, cockfighting is banned in numerous Indian states on animal cruelty grounds.
People for the Ethical Treatment of Animals (PETA) India calls cockfighting “barbaric,” and campaigns to shut it down for good.
But the men living in Bastar’s forests see it as an integral part of their community fabric.
Roosters that survive multiple bouts are lauded alongside their owners.
Raju said the most enduring fighters were locally remembered with the same reverence that the rest of India holds for cricketing greats like former captain Sachin Tendulkar.
“Like you have a field for cricket, this is our field,” he said.
“And the winners get fame and respect, just like Sachin did by scoring all his runs.”
Bhagat said it always grieved him when one of his animals died in combat.
“When we lose a rooster in the fight, our hearts are in pain for a few days,” he said.
“But then we get drunk, and then there will be peace.”


World food prices up in April for second month: UN agency

Updated 42 min 53 sec ago
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World food prices up in April for second month: UN agency

PARIS: The UN food agency’s world price index rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils and cereals outweighed declines in sugar and dairy products.

The Food and Agriculture Organization’s price index, which tracks the most globally traded food commodities, averaged 119.1 points in April, up from a revised 118.8 points for March, the agency said on Friday.

The FAO’s April reading was nonetheless 7.4 percent below the level a year earlier.

The indicator hit a three-year low in February as food prices continued to move back from a record peak in March 2022 at the start of Russia’s invasion of Ukraine.

In April, meat showed the strongest gain in prices, rising 1.6 percent from the prior month.

The FAO’s cereal index inched up to end a three-month decline, supported by stronger export prices for maize. Vegetable oil prices also ticked higher, extending previous gains to reach a 13-month high due to strength in sunflower and rapeseed oil.

The sugar index dropped sharply, shedding 4.4 percent from March to stand 14.7 percent below its year-earlier level amid improving global supply prospects.

Dairy prices edged down, ending a run of six consecutive monthly gains.

In separate cereal supply and demand data, the FAO nudged up its estimate of world cereal production in 2023/24 to 2.846 billion metric tonnes from 2.841 billion projected last month, up 1.2 percent from the previous year, notably due to updated figures for Myanmar and Pakistan.

For upcoming crops, the agency lowered its forecast for 2024 global wheat output to 791 million tonnes from 796 million last month, reflecting a larger drop in wheat planting in the EU than previously expected.

The revised 2024 wheat output outlook was nonetheless about 0.5 percent above the previous year’s level.


Israel confirms death of hostage held in Gaza

Updated 49 min 12 sec ago
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Israel confirms death of hostage held in Gaza

  • Or was killed and his body held in Gaza since October 7
  • His wife was killed in the initial attack while two of their three children were abducted

Jerusalem: An Israeli man held hostage in Gaza since the October 7 Hamas attack has been confirmed dead, the government and the kibbutz where he had lived said early Friday.
Dror Or, 49, is the latest hostage to have been confirmed dead by Israel after begin captured during the Hamas attack that triggered war with Israel.
Or was killed and his body held in Gaza since October 7, the Beeri kibbutz said. It was one of the communities hardest hit in the Hamas attack on southern Israel from the Gaza Strip.
His wife Yonat was killed in the initial attack while two of their three children, Noam and Alma, aged 17 and 13, were abducted and then freed in November as part of a ceasefire and hostages-for-prisoners swap deal between Israel and Hamas.
Israel estimates that 129 captives seized by militants during their attack remain in Gaza. The military says 35 of them are dead including Or.
“We are heartbroken to share that Dror Or, who was kidnapped by Hamas on October 7, had been confirmed as murdered and his body is being held in Gaza,” the Israeli government said on X.
The two children and their brother Yahli are now orphans, it added.
Campaign group the Hostages and Missing Families Forum said it will provide assistance to Or’s family.
The forum and Israeli government did not say how they learned of Or’s death.
“Only by securing the release of all hostages, the living for rehabilitation, the deceased for burial can our people’s revival and future be ensured,” the forum said in a statement.
“Israeli government must exhaust every effort to bring Dror and... the other murdered hostages back for honorable burials in Israel.”
Or’s death was announced as mediators Qatar, the United States and Egypt await Hamas’s response to a new Israeli proposal for a ceasefire and hostage release.
In late November during a week-long truce, 105 hostages were released including 80 Israelis and people from other countries in exchange for the release of 240 Palestinians held by Israel.
The war started with Hamas’s October 7 attack on Israel that resulted in the deaths of 1,170 people, mostly civilians, according to an AFP tally of Israeli official figures.
Israel’s retaliatory offensive against Hamas has killed at least 34,596 people in Gaza, mostly women and children, according to the Hamas-run territory’s health ministry.


Material sector dominates TASI trading in first quarter of 2024

Updated 54 min 33 sec ago
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Material sector dominates TASI trading in first quarter of 2024

RIYADH: The materials sector led trading on Saudi Arabia’s Tadawul All Share Index, accounting for approximately SR87 billion ($23.2 billion) or 15.11 percent of the market, according to TASI’s 2024 first-quarter report.

SABIC, the largest component of this sector, boasted a market capitalization of SR234.9 billion, with trading value reaching nearly SR7 billion.

The banking sector trailed with transactions valued at SR71.22 billion, comprising 12.37 percent of the market. Al-Rajhi Bank took the lead in market capitalization within the sector and secured the second spot in trade value totaling SR23.62 billion.

In a February report by Bloomberg, Al-Rajhi Bank, seen as an indicator of Saudi Arabia’s growth strategies, exceeded the performance of JPMorgan Chase & Co., exhibiting nearly a 270 percent surge in shares since the initiation of Vision 2030. It has outpaced both local and global competitors, including state-supported banks, emerging as the largest bank in the Middle East and Africa, boasting a market cap of around $95 billion.

According to Morgan Stanley analysts led by Nida Iqbal, as reported by Bloomberg, “We see it as a long-term winner in the Saudi bank sector… While Al-Rajhi is best placed for a rate-cutting cycle, we believe current valuation levels reflect this.” 

Gulf central banks, including Saudi Arabia’s, frequently align their policies with those of the Federal Reserve to maintain their currency pegs to the dollar. According to Bloomberg Intelligence senior analyst Edmond Christou, a reduction in Fed rates could potentially bolster Al-Rajhi Bank’s profitability and expansion, as it will encourage gathering cheap deposits while enabling it to issue debt at more attractive levels.

In this period, the energy sector secured the third position in terms of value traded, reaching SR55.4 billion. Saudi Aramco topped the list with a market capitalization of SR7.47 trillion and registered the highest value among companies traded on the index, totaling SR28.82 billion.

In March of this year, Aramco announced a net income of $121.3 billion for its full-year 2023 financial results, marking the second-highest in its history. Aramco credited these results to its operational flexibility, reliability, and cost-effective production base, underscoring its dedication to delivering value to shareholders.

Tadawul’s quarterly report also indicated that the transportation sector recorded the fourth-highest value traded at SR39.25 billion, equivalent to 6.82 percent of the market. Among the top performers in this sector was cargo firm SAL Saudi Logistics Services, ranking third in value traded on the TASI during this period, following Aramco and Al-Rajhi Bank, with a total value of SR22.74 billion.

SAL debuted on the main market of the Saudi Exchange in November last year. With aspirations to manage 4.5 million tonnes of air cargo by 2030, Saudi Arabia is empowering its logistics sector from a supportive role to a pivotal driver of economic growth.

SAL, in which the Saudi government holds a 49 percent stake through the Saudi Arabian Airlines Corp., experienced a 30 percent surge in its share price during its initial public offering, raising $678 million and becoming Saudi Arabia’s second-largest IPO of the year.

In a January report by Forbes, SAL’s CEO and Managing Director Faisal Al-Beddah emphasized the company’s potential to shape the future of logistics in Saudi Arabia and beyond. He stated: “Logistics is the backbone of any economy. Now we are ready. We have the rotation, we have the infrastructure, we have the regulations, and most importantly, we have the mindset and the technology for Saudi Arabia to be the leading connecting logistics hub in the region.”

The top gainer during this period in terms of price appreciation was MBC Group, with a quarter-to-date percentage change of 127.6 percent, according to Tadawul.

Saudi Arabia’s MBC Group, a media conglomerate, debuted as the first new listing on TASI in 2024. Its trading began on Jan. 8. The company raised SR831 million through its initial public offering.

Saudi Steel Pipes Co. in the materials sector was the second highest gainer, with price appreciating by 88.15 percent.

Etihad Atheeb Telecommunication Co. had a QTD price percentage change of 81.91 percent making it the third-highest gainer on the exchange during this period.

TASI concluded the first quarter of 2024 with a 3.6 percent increase, climbing by 435 points to reach 12,402 points.