Wednesday, 9 April 2014

Ukraine vows to use force if pro-Russian protesters don’t leave occupied buildings

DONETSK, Ukraine — The country’s new interior minister vowed Wednesday morning to use force against pro-Russian protesters unless they leave government buildings they have occupied in eastern Ukraine by Friday, and armored personnel carriers were spotted gathering in the city of Luhansk.
Politicians in the region who were associated with the previous, ousted, government scrambled to find a resolution. They voiced sympathy for the protesters but made it clear they do not favor a breakup of Ukraine or a protracted occupation of government property.
“Those who have occupied buildings, especially those with weapons, pose a danger to everyone in Donbass,” said Nikolai Levchenko, a leading member of the Party of Regions here in Donetsk, the center of the Donbass region. Donetsk has been a stronghold of the party, formerly led by Viktor Yanukovych, the ex-president.
Without the support of the party that has most strongly favored good relations with Moscow, the several hundred separatist protesters occupying buildings here and in Luhansk are left with little public backing.
In Luhansk, 56 people left the occupied headquarters of the security police Wednesday morning, a day after the government claimed there were about 60 hostages inside. The release followed a visit by Serhiy Tihipko, until recently with the Party of Regions, to try to find a resolution. He said there were no hostages, and it’s not clear who the 56 people were.
Levchenko called on the pro-Russian agitators to free the buildings they have seized, and allow the government to get back to work. “If I feel people are in danger, I will be with them,” he said, referring to the threat of an armed attack by forces loyal to Kiev, but he suggested that that could be avoided if the protesters go home.
An obstacle to a definitive resolution to the crisis, he said, is that there is no single point of view. People on the square in front of the administrative building want everything from Russian annexation to independence to decentralization of the Ukrainian system. Nothing, he suggested, can make everyone happy.
Andrei Shishatsky, the former governor who was fired after Yanukovych fled the country in February, said firmly at a press conference here, “Donbass will be part of a unified, independent Ukraine.”
In Kiev, the interior minister, Arsen Avakov, said, according to Reuters, “There are two options - political negotiations, and force. For those who want dialogue, we propose talks and a political solution. For the minority who want conflict, they will get a forceful answer from the Ukrainian authorities.”
Authorities in Kiev insist that Russia is looking for a pretext to invade, and that Moscow is stirring up trouble to create one. American officials have expressed the same fears.
The Russian foreign ministry denied any such intention in a statement posted Wednesday.
“The U.S. and Ukraine have no reasons for concerns,” it said. “Russia has said many times that it is not conducting any unusual or unplanned activities significant in terms of military issues on its territory in the area of the Ukrainian border.”
​ But Russian troops remain near the border conducting exercises, and Secretary of State John F. Kerry on Tuesday echoed the Ukrainian allegation that Russians are fomenting trouble.
“It is clear that Russian special forces and agents have been the catalyst behind the chaos of the last 24 hours,” Kerry said in testimony before a Senate committee. He said the unrest “could potentially be a contrived pretext for military intervention just as we saw in Crimea” and warned of harsh new sanctions if Russia invades.
Right-wing Russian nationalist groups have been seeking volunteers through social media to go to Ukraine, but it is not clear whether those appeals have borne fruit.
Pro-Russia protesters in three eastern Ukrainian cities simultaneously attacked government buildings Sunday night. In Kharkiv, they were ousted by police early Tuesday. But in Donetsk and in Luhansk, the separatists have held tight. They have declared a “people’s republic” but have made it clear that they favor Crimean-style annexation by Russia.
Levchenko said Wednesday that some of the protesters are indeed seeking help from what he sarcastically termed a “neighboring, fraternal country.” But, he said, “we have to solve our problems ourselves, without the interference of any foreign countries, including countries in Europe and the United States.”
The main issue here, he said, is economic recovery — and that’s what the government should be focused on.
More than a dozen passengers on a flight from Moscow were pulled aside at passport control Tuesday, as Ukraine attempts to bar those it suspects of causing trouble.
As evening fell and people got off work, the crowd outside the occupied regional administration building in the city swelled to a few thousand. Barricades of tires, automobile bumpers, barbed wire and sandbags rose along the perimeter of the 11-story late-Soviet slab of a building.
The police presence appeared extremely light, and those officers who were at the site, in regular uniforms, made no effort to restrict access. Women on the plaza in front of the building merrily chanted, “Together we’re here to the end” and “Donetsk is a Russian city.”
A group broke into song, belting out a World War II favorite about Katyusha rockets.
But a block away, traffic moved as usual. This is not a city in the grip of secession fever — or anti-secession fever. On a warm spring afternoon, the playgrounds were full of children, couples strolled, shoppers shopped. Politics stops about 100 yards from the center of the action.
And, yet, the fate of the country hangs in the balance.
Donetsk, about 50 miles west of the Russian border, has strong ties, economic and otherwise, to Russia, and distaste for the new government in Kiev runs strong here. But support for secession appears to be thin among the city’s 1 million residents.
On Monday evening, one of Ukraine’s richest men, the coal baron Rinat Akhmetov, met with protesters and, although expressing sympathy and support, urged them to talk with the Kiev government. He strongly denies allegations surfacing in the Ukrainian news media that he has helped finance the pro-Russia demonstrations.
Yet it’s difficult to know, as the two sides become more polarized, how the crisis might play out.
Protesters were cleared overnight from the regional administration building in Kharkiv, Ukrainian Interior Minister Arsen Avakov said.
“The Kharkiv night was infinitely long,” Avakov wrote on Facebook. He said protesters threw stun grenades at National Guard soldiers and set a fire in the building’s lobby. Firefighters put out the blaze.
The West has been warning Russia, which annexed Ukraine’s Crimean Peninsula last month, against any incursion into eastern Ukraine. “If Russia were to intervene further in Ukraine, it would be a historic mistake,” NATO Secretary General Anders Fogh Rasmussen told reporters Tuesday in Paris. “It would have grave consequences for our relationship with Russia and would further isolate Russia internationally.”
Russia blames U.S.
In Moscow, Russian Foreign Minister Sergei Lavrov said Tuesday that the United States, not Russia, is responsible for sowing discord in Ukraine. “Our American partners are trying to assess the situation,” Lavrov told reporters, “applying their habits to others.”
The Russian Foreign Ministry charged that ultranationalists from Ukraine’s Right Sector movement and American mercenaries were among the police force Kiev sent to eastern Ukraine to quell the violence.
“We are particularly concerned that the operation involves some 150 American mercenaries from a private company Greystone Ltd., dressed in the uniform of the [Ukrainian] special task police unit Sokol,” the ministry said in a statement posted on its Web site Tuesday morning. It called for an immediate halt to “all military preparations which could lead to a civil war.”
Ukrainian officials denied that any mercenaries or irregular forces are at work in eastern Ukraine.
“There is no Right Sector, let alone U.S. security forces, in Kharkiv, Donetsk or Luhansk,” Serhiy Pashynsky, chief of the presidential administration in Kiev, said Tuesday. The Ukrainian Foreign Ministry issued a similar denial.
Earlier reports in Russian news media identified Greystone as a subsidiary of the private security firm once known as Blackwater and later renamed Academi.
Two weeks ago, Russia’s Itar-Tass news agency quoted Ukrainian government security sources as saying that they intended to hire private military personnel from Greystone “to suppress” the eastern, Russian-speaking regions of Ukraine. In early March, Russian state television reported that several hundred armed Greystone employees had flown into the Kiev airport.
A woman who answered the phone at Greystone’s offices in Chesapeake, Va., declined to comment Tuesday. She identified herself only as “an employee of Greystone.”
In Washington, a senior Pentagon official told a House committee Tuesday that the United States is extending the stay of the destroyer USS Truxtun in the Black Sea and will send another ship there in a week. The Truxtun was dispatched last month to conduct training with the Romanian and Bulgarian navies, a mission scheduled before the Ukraine crisis erupted.

Nel puts Oscar on the spot


Copy of SSIB003_SAFRICA-PISTORIUS-_0409_11
REUTERS
State prosecutor Gerrie Nel looks on as he cross-examines Oscar Pistorius during his trial at the North Gauteng High Court in Pretoria. Photo: Siphiwe Sibeko


Pretoria - The gloves are off, it seems, as state prosecutor Gerrie Nel brought Oscar Pistorius to tears on the stand with extreme legal tactics.
Earlier in the day, Nel asked the court permission to show a video to the court that showed Pistorius' proficiency with firearms.
Defence advocate Barry Roux told the court his client has the right to a fair trial, and that any attempt to ambush Pistorius with undisclosed evidence would infringe on this.
He said the defence had watched the video clip, but Pistorius has not. But Roux said the state had indicated the video would not be presented as evidence, but simply to assist in Nel's cross-examination.
The court was then shown the video, where Sky News had acquired film of Pistorius firing a gun at a watermelon which explodes from the impact. “Its a lot softer than brain, but f*** its like a zombie stopper,” Pistorius admitted to having said in the video.
Pistorius said that he was making an observation about a fictional creature, and that the targets he fired at weren't human.
But Nel said Pistorius had noted the effect of the ammunition in the video. “You saw what that bullet did to that watermelon. It exploded. The same happened to Reeva's head. I'm going to show you,” Nel said, showing Pistorius pictures of Steenkamp's head wound. With no warning, this image was also shown on the court's tv screens, and June Steenkamp bowed her head in the gallery, comforted by those next to her. Pistorius said he wouldn't look at the picture because it reminded him of the horror of the night he shot her.
“I will not look at a picture that has tormented me, I was there that night, I touched Reeva's head,” Pistorius said, on the verge of tears. He said he knew the damage he'd done to Steenkamp, as he'd been there when it happened.
But Nel insisted Pistorius refused to look because he wouldn't take responsibility for his actions. He also said Pistorius had seen in practice now what his bullets would do, prompting Roux to object to these accusations. Judge Thokozile Masipa agreed that Nel had gone too far. Nel softened, acknowledged Pistorius' distress as he cried in the dock, and asked for a short adjournment for the athlete to compose himself.
The athlete's family looked on as Pistorius rocked in the stand, and his sister Aimee approached to calm him down.
June Steenkamp also spoke with one of the prosecution, but it was unclear what their conversation was about. Other journalists tweeted that the prosecutor was trying to explain why the picture had to be shown, and that she was warned beforehand of its usage. The Steenkamp family has made it clear in the past they objected to image's of Reeva's dead body being shown to the court - even accidentally.
Pistorius was ushered out of the room shortly after.
When he returned, the dejected looking athlete could only look downwards in the stand.
When questioned by Nel, Pistorius admitted he wanted to see the effect of the bullet on the watermelon.
“You were shooting at the watermelon to see the effect if you were shooting someone in the brain?” asked Nel.
Pistorius denied this, but said his comments were distasteful but referring to a zombie.
Nel moved on to the evidence Pistorius had provided over the past two days, asking if this was what the athlete remembered, or a reconstruction of events from everything he heard and read. Pistorius started by saying his evidence also focused on his personal history, his faith and career.
Pistorius said he had read the statements of all the state witnesses, and that this had informed his version somewhat.
Nel said this would have to be tested.
Pistorius said by the time he fell asleep, he had remembered everything. But Pistorius said he didn't remember certain aspects of the night after the shooting, such as calling security or carrying Steenkamp downstairs.
Pistorius said his version of events had never changed, and that his lawyers had helped him put everything together. Nel accused Pistorius of arguing, rather than answering the questions put to him.
Again Nel asked if Pistorius had used other evidence to create his version of the night of the shooting. Pistorius said he had not. Nel asked the athlete if he was familiar with his bail application affidavit, and Pistorius said he'd read it several times, but that he didn't like remembering the night.
Similarly with his plea agreement. Pistorius said there were certain aspects not in his bail application, such as Steenkamp speaking to him when he sat up in bed, phoning estate security guard, Pieter Baba and “other things”.
Nel then asked if he felt his statement and his testimony on the stand were true, and Pistorius said both were correct.
Pistorius was then asked about the fans he had retrieved shortly before the shooting occurred. Nel asked if he had ever gone onto the balcony to get the fans. Pistorius said he had not as they were in the balcony doorway. But in his bail affidavit, the athlete had said he'd been on the balcony bringing in a fan when he heard the noise that made him think an intruder had broken in.
But even before Nel pointed this out, Pistorius requested a copy of his bail affidavit, prompting Nel to say Pistorius was refusing to answer questions. “If you argue or think about evidence, you will get into trouble,” said Nel.
The lawyer also pointed out that in the bail statement, only one fan was ever referenced.

Maria Miller makes it six cabinet minister resignations under Cameron

Maria Miller's resignation makes her the sixth cabinet minister in the Coalition government to step down from her duties. How does the stability of David Cameron's government compare to Gordon Brown's?
Maria Miller has resigned as Britain's Minister for Culture, Media and Sport over the controversy over her expenses. Photograph: PAUL HACKETT/Reuters

After weeks of enormous political pressure, culture secretary Maria Miller has finally decided to step down from her post, claiming in a letter written to the prime minister that the controversy over her expenses had "become a distraction from the vital work this government is doing".
That makes her the sixth cabinet minister to have resigned from David Cameron's cabinet since he came to power in 2010. If you include less senior ministers and under secretaries then she becomes the 17th.

iPhone 6 sized up against iPhone 5s and iPad mini in new renders

iPhone 6 sized up against iPhone 5s and iPad mini in new renders
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Alleged iPhone 6 design drawings that were leaked back in March have already inspired one designer to come up with a set of iPhone 6 renders that imagine what the new smartphone might look like. However,MacRumors has come up with its own set of renders based on the drawings, commissioning designer Ferry Passchier to render the 4.7-inch and 5.7-inch iPhone 6 models based on those design sketches and to compare them with current devices.
While similar to the iPhone 5s, these iPhone 6 models have certain unique elements. “ The top power button has been moved from the right side to the left side of the device,” MacRumors writes. “The rear camera on the larger model is also shown as protruding slightly from the rear shell, as is the case with the current iPod touch. The camera flash has also reverted back to a round-design unlike the one found on the iPhone 5s.”
An image featuring a comparison of the bigger iPhone 6 models with the iPhone 5s and iPad mini (above) is particularly interesting, as it shows how big Apple’s 2014 smartphones may be compared to existing iOS products.
More and more reports claim that the company may launch bigger iPhone 6 models this year, including evidence from the second Apple vs Samsung patent battle, which revealed  that Apple is more than aware that some customers want bigger smartphones.

Man cleared of NYC murder after 25 years in prison

NEW YORK (AP) — From the day of his 1989 arrest in a deadly New York City shooting, Jonathan Fleming said he had been more than 1,000 miles away, on a vacation at Disney World. Despite having documents to back him up, he was convicted of murder.
Prosecutors now agree with him, and Fleming left a Brooklyn court as a free man Tuesday after spending nearly a quarter-century behind bars.
Fleming, now 51, tearfully hugged his lawyers as relatives cheered, "Thank you, God!" after a judge dismissed the case. A key eyewitness had recanted, newly found witnesses implicated someone else and prosecutors' review of authorities' files turned up documents supporting Fleming's alibi.
"After 25 years, come hug your mother," Patricia Fleming said, and her only child did.
"I feel wonderful," he said afterward. "I've always had faith. I knew that this day would come someday."
The exoneration, first reported by the Daily News, comes amid scrutiny of Brooklyn prosecutors' process for reviewing questionable convictions, scrutiny that comes partly from the new district attorney, Kenneth Thompson. He said in a statement that after a months-long review, he decided to drop the case against Fleming because of "key alibi facts that place Fleming in Florida at the time of the murder."
From the start, Fleming told authorities he had been in Orlando when a friend, Darryl "Black" Rush, was shot to death in Brooklyn early on Aug. 15, 1989. Authorities suggested the shooting was motivated by a dispute over money.
Fleming had plane tickets, videos and postcards from his trip, said his lawyers, Anthony Mayol and Taylor Koss. But prosecutors at the time suggested he could have made a quick round-trip plane jaunt to be in New York, and a woman testified that she had seen him shoot Rush. He was sentenced to 25 years to life in prison and was due to have his first parole hearing soon.
The eyewitness recanted her testimony soon after Fleming's 1990 conviction, saying she had lied so police would cut her loose for an unrelated arrest, but Fleming lost his appeals.
The defense asked the district attorney's office to review the case last year.
Defense investigators found previously untapped witnesses who pointed to someone else as the gunman, the attorneys said, declining to give the witnesses' or potential suspect's names before prosecutors look into them. The district attorney's office declined to comment on its investigative plans.
Prosecutors' review produced a hotel receipt that Fleming paid in Florida about five hours before the shooting — a document that police evidently had found in Fleming's pocket when they arrested him. Prosecutors also found an October 1989 Orlando police letter to New York detectives, saying some employees at an Orlando hotel had told investigators they remembered Fleming.
Neither the receipt nor the police letter had been provided to Fleming's initial defense lawyer, despite rules that generally require investigators to turn over possibly exculpatory material.
Patricia Fleming, 71, was with her son in Orlando at the time of the crime and testified at his trial.
"I knew he didn't do it, because I was there," she said. "When they gave my son 25 to life, I thought I would die in that courtroom."
Still, she said, "I never did give up, because I knew he was innocent."
Thompson took office in January, after unseating longtime District Attorney Charles "Joe" Hynes with a campaign that focused partly on questionable convictions on Hynes' watch. Hynes had created a special conviction integrity unit to review false-conviction claims, but some saw the effort as slow-moving and defensive.
Thompson has agreed to dismiss the murder convictions of two men who spent more than 20 years in prison for a triple homicide. He also dropped his predecessor's appeal challenging the 2013 release of another man who had served 22 years in prison on a questioned murder conviction.
On Tuesday, Jonathan Fleming left court with an arm around his mother's shoulders and the process of rebuilding his life ahead of him.
Asked about his plans, he said: "I'm going to go eat dinner with my mother and my family, and I'm going to live the rest of my life."

Femi Fani Kayode...and his visit to the Presidential Villa



One of the biggest critics of Pres. Jonathan and his government visited him at the Presidential Villa  yesterday Tuesday April 8th for a closed-door meeting.

Former Minister of Aviation Femi Fani Kayode, who recently criticized his party APC in an article titled'APC and the strange dream of Muslim/Muslim Ticket, (where he revealed an alleged plan by some people in the party to foist a Muslim-Muslim presidential ticket on the party)refused to discuss why he went to see the president, telling the press...

"This is a presidential villa, the president is a president of Nigeria every single person in this country that is a Nigerian is entitled to come here from time to time, when the doors are open to come and pay their respect to the wonderful people that are here. As a Nigerian I have done that today and I’m delighted to be here."
Oh now they are wonderful people? Lol. Biko continue...


"I have always believed that every Nigerian regardless of the side of the political divide they belong, and as a Nigerian myself I have believed that we disagree on an issue from time to time. The most important thing is for us to be able to resolve these issues and come together to move this country forward. And I think every right thinking responsible person should be able to do that. They should also be able to come to the villa from time to time to see how they can help to move the country forward." Fani Kayode said
 On if he is leaving APC, Femi Fani-Kayode said
“The step that I will take will be made known to Nigerians at the right time. The most important thing, and I think you are fully aware of this, is that I cannot and I will not be associated with a situation whereby any group of people is promoting a religion above another. I think all of us have gone past the stage of religious politics in this country. We must treat the Muslim community with utmost respect and we must that Christian community in the same way and even the non-religious”

Ukraine says separatists hold hostages; activists deny charge

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LUHANSK, Ukraine - More than 50 people left a state security service building overnight that had been seized by pro-Russia activists in eastern Ukraine, following negotiations between protesters and officials, Ukraine's state security service (SBU) said early on Wednesday.

In smartphone mass-market, Samsung, Apple have margins on their minds

As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. And that may spell trouble for already-softening margins.

Samsung, which said on Tuesday it would likely post a second straight quarterly profit decline, has knocked around a tenth off the price of its Galaxy S5 in South Korea, in the first such move for a marquee smartphone launch - the S5 rolls out globally on Friday. And it's throwing in a free gift pack of media subscriptions and web apps worth 600,000 won ($570).
The mass market - where a smartphone can be had for as little as $25 - is the new mobile device battleground, as high-end growth eases off with sales slowing in mature markets.Japan, for example, may see smartphone shipments shrink this year, according to researcher IDC.
 
Samsung's flagship S5 price cut suggests the South Korean firm wants to encourage users to trade up to a fancier phone - at a potential cost to its margins. Samsung's mobile businessoperating margin dipped to 16 percent in October-December from 18 percent over the whole of 2013.
"It reflects how much Samsung is agonizing to secure margins. They're now offering premium models at lower prices as the demand outlook for high-end phones remains uncertain," said Lee Seung-woo, an analyst at IBK Securities.
Premium smartphones tend to be priced at above $300 and pack in more features, such as more powerful processing power, high resolution display, better cameras and fingerprint reading. With the S5, which has few hardware improvements from its S4 predecessor, industry watchers reckon Samsung is aiming more at a broad mass market than tech savvy users.
To be sure, Samsung has a far broader product line-up than rival Apple, and it has some leeway to trim prices given that manufacturing costs have fallen. Lee Min-hee, an analyst at IM Investment, reckons the total cost of production materials for the S5 - from the battery and screen to the processor and sensors - will be 10-15 percent lower than for the S4.
While this allows vendors to make quality phones for less, it makes it tougher for them to maintain a premium brand image.
"Samsung needs to be very clear about the market segment it's pursuing," said Clement Teo, analyst at Forrester Research in Singapore. "Take Apple - it didn't drop prices on its iPhones, even with the new models. This helps it maintain a margin premium and attracts a certain loyal user base."
But Cupertino, California-based Apple is also taking note of the growing potential of the mass market. Internal documents revealed during an ongoing U.S. patent trial against Samsung indicates some at Apple felt the company priced itself too high.
LESS PRICING CHANGE AT APPLE
According to an April 2013 presentation filed to a U.S. court, executives had debated plans for Apple's 2014 fiscal year and concluded that consumers wanted what it wasn't offering: cheaper phones - for less than $300 - and bigger screens.
It's unclear how representative that presentation is of Apple's mindset. Nor are there signs that Apple, which thrives on its premium positioning and plays down suggestions that it go mass-market, intends to deviate from its path.
Apple did not respond to requests for comment.
An 'economy' model may wedge Apple more firmly in emerging markets - a segment still seeing strong growth. Apple now relies on discounted older generation phones to reach cost-conscious buyers, but buyers in markets like Brazil and China increasingly want the latest gadget.
IPhone shipments grew just 8 percent in Apple's 2013 fiscal third quarter, a far cry from five years ago when shipments more than doubled.
"They are foregoing incremental revenue opportunities by not having a product that addresses that market," said BTIG analyst Walter Piecyk, adding that the main hope of investors now is that Apple produce a new product - a wearable device, say - to galvanize revenue growth.
The iPhone 5C, a colorful plastic model priced just $100 cheaper than its premium cousin, was aimed at emerging markets and marked a departure from Apple's focus on premium phones last year. But it's not been a spectacular success. Some analysts theorize that an unwillingness to sacrifice profitability meant the device wasn't priced cheaply enough.
A THINNER SLICE
Apple's iPhone margins have crept south as the company packs more features into its gadgets, trying to stand out in an increasingly crowded field. As its market share dwindles, the company enjoys less leverage to squeeze suppliers. And margins may fall further if Apple introduces bigger screens as expected.
Bernstein Research analyst Toni Sacconaghi estimates that making the screen just 30 percent larger could wipe 4-5 percentage points off gross margins. IPhone margins are now in the mid-40 percent range, down from 50-60 percent a few years ago, analysts estimate.
"With the iPhone 6, Apple is likely to stick to premium pricing as it's widely expected to come with a bigger screen and some innovative design tweaks," said Doh Hyun-woo, an analyst at Mirae Asset Securities. "They are unlikely to make as much change in pricing policy as Samsung does."
The average selling price of a smartphone globally is seen dropping by more than a fifth by 2018, to $260, according to IDC, as more buyers, especially in emerging markets, opt for price over brand, and as manufacturing costs continue to drop.
The iPhone remains the most expensive smartphone, with an estimated average selling price this year of $649, more than double the average price of $247 for Android phones, Samsung's mainstay products, according to IDC. Average selling prices of iPhones will drop only 6 percent to $610 by 2018, while Android prices will decline 18 percent to $202, according to those IDC forecasts.
"Apple has a clear strategy - to be the best in the market segment it competes in, and it has performed well," said Forrester's Teo. "Regardless of 5C sales, the bigger picture is that Apple is relevant to users in their moment of need - through an iPhone, iPad, iPod or its App store."
CHINA CHIPS AWAY
All the while, competition from cheaper smartphone brands is getting fiercer. The share of smartphone shipments by vendors outside the top five - Samsung, Apple, Huawei, LG Electronics Inc and Lenovo Group - rose to 39.3 percent last year from 27.4 percent in 2011.
From Nokia to BlackBerry Ltd and a host of Chinese vendors, manufacturers are bringing out cheaper, stripped-down smartphones aimed at hundreds of millions of potential users in emerging markets such as China, India and Indonesia.
Chinese manufacturers - from global names such as Huawei and Lenovo to the less well known Gionee, Oppo and CorePad - are picking up market share as they acquire technical and design expertise to add to their low production costs.

"The winners in the current market conditions will be those who show the best cost-efficiency, and in that sense Chinese players will be in a better position," said IBK's Lee.

Japan, United States face off in crucial trade negotiations


TOKYO - Japan and the United States on Wednesday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult.

Toyota to recall nearly 6.5 million vehicles for steering, other faults

Toyota Motor Corp said on Wednesday it would recall 6.39 million vehicles globally for faults affecting various parts ranging from steering to seats in the company's second-largest recall to date.
The world's biggest automaker said it was not aware of any crashes or injuries caused by the glitches, which were found in 27 Toyota models including the RAV4 SUV and Yaris subcompact. Toyota said faults were also found in the Pontiac Vibe and the Subaru Trezia, two models the automaker built for General Motors and Fuji Heavy Industries.
The automaker did not say how much the recall would cost and it was not clear if the faults stemmed from Toyota's suppliers or its manufacturing process. "We sincerely apologize to our customers for the inconvenience and concern brought by this recall announcement," Toyota added in a statement.
Large scale recalls have become more common in recent years as automakers move to fix defects quickly after Toyota was forced to recall more than 9 million vehicles to address sticky accelerators linked to fatal accidents.
That recall, which forced Toyota President Akio Toyoda to testify in U.S. Congress, weighed heavily on the company's sales and reputation, culminating in a record $1.2 billion settlement agreed only last month, with more private lawsuits still pending.
Toyota said some 3.5 million vehicles were being recalled to replace a spiral cable that could be damaged when the steering wheel is turned, causing the air bag to fail to activate in the event of a crash. About half of those vehicles, produced between April 2004 and December 2010, are in North America.
Another 2.32 million three-door models made between January 2005 and August 2010 are being recalled to check the rails that could cause the seat to slide forward in a crash.
The other recalls are for faulty steering column brackets, windshield wiper motors and engine starters, Toyota said.
The 6.39 million vehicle recall is the largest announced on a single day for Toyota since October 2012, when it called back 7.43 million Yaris, Corolla and other models to fix faulty power window switches.
It also comes as rival GM is under investigation for failing for years to act on a known ignition switch defect linked to a dozen deaths. The company has recalled 1.6 million vehicles over the issue.

Chrysler also said last week it was recalling nearly 870,000 sport utility vehicles to fix a brake problem.

New ping signals spark confidence in Malaysia Airlines search

SYDNEY/PERTH, Australia - Australian officials said on Wednesday that two new "ping" signals had been detected in the search for Malaysia Airlines Flight MH370, boosting confidence after more than a month of fruitless searching for the missing jetliner.

GOV OBIANO APPOINTS COMMISSIONERS

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Tension is high in Anambra state now as Governor Willie Obiano's list of 19 new Commissioners and 10 Special Advisers sent to the Anambra state House of Assembly was yesterday approved by the House.

In the list were two Commissioners who served in the immediate past Governor Peter Obi's administration. They are Arch. Callistus Ilozumba (Works) and Barr. Mrs. Lilian Azuka Enemuo (Local Government) who were retained in their respective Ministries.

Former Special Advisers in Obi's government retained included, Barr. Alex Ejesieme (Legal council/ Litigation), Barr. Mrs. Anthonia Tabansi-Okoye (Special Duties) and Mrs. Vivian Nwandu (Millennium Development Goals, MDGs).

Those who were newly appointed Commissioners and their respective portfolios as read out on the floor of the state Assembly by the Speaker, Princess Chinwe Nwaebili and were unanimously approved by the lawmakers were, Anali Chude (Attorney General/ Commissioner for Justice), Mr. Lawrence Chinwuba (Housing), Greg Obi (Finance), Professor Solomon Chukwu (Economic Planning/ Budget).

Others are Ifeatu Onyejeme (Trade and Commerce), Dr. Vicky Chukwuelu (Women Affairs), Dr. Chinedu Emeka (Public Utilities/ Water Resources), Anthony Umerah Onyima (Information), Chukwuma Mbonu (Transport), Evarestus Ubah (Environment), Stella Onuorah (Lands, Survey and Urban Development), Professor Kate Omenugha (Education), Mr. Tony Nnachetam (Youths and Sports), Nobert Obi (Special Duties).

As well as Dr Josphat Akabuike (Health), Mr. Nnamdi Mekoh (Agriculture) and Obi Nwankwo (Science and Technology) .

The newly appointed Special Advisers and their respective positions, however, included, the Commissioner for Information and Culture under the former Governor Obi administration who was incidentally the Director- General of the Chief Willie Obiano Campaign Organization, Chief Joe-Martins Uzodike (now Special Adviser on Political Matters), Barr. I.O. Udemba (Chieftaincy and Town Union Matters).

Others are Arch Amaechi Okwume (Urban Development and Town Planning), Mrs. Amaka Ilobi (Public Utilities), Mrs. Ngozi Okonkwo (Internally Generated Revenue, IGR), Chief Chikodi Anara (Security) and Dr. Onyeka Chikwuibezim (Youth Empowerment).

Earlier, about 24 hours after he was sworn in as Governor, Chief Obiano had appointed three principal officers to kick-start his administration and retained the Secretary to the State Government (SSG), Mr. Oseloka Obaze. He also later appointed, James Eze and Emeka Ozumba as his Senior Special Adviser on Media and Special Adviser on Media respectively.

Meanwhile, though Governor Obiano had not announced the list of the cabinet members at the time of filing this report yesterday, with the approval of the list of the cabinet members he submitted to the state Assembly by the legislators, the development had, however ended the speculations as to whether he would retain the Cabinet members he inherited from Chief Obi for upward of six months or one year.

Former Aviation Minister, Fani Kayode Meets With President Jonathan After APC Diatribe

Femi Fani-Kayode

There were speculations that Femi Fani-Kayode, a former Minister of Aviation and lately, a member of the All Progressives Congress, APC may have decided to return to the ruling Peoples Democratic Party following his close door meeting with President Goodluck Jonathan on Tuesday.
Fani Kayode who had in the past few months written a series of critical articles against the Jonathan administration, met with the President behind closed-doors at the Presidential Villa on Tuesday.
At the end of the meeting, the former Aviation minister refused to give details of his discussion with the President in an interview with State House correspondents after the visit.
“I won’t go into that,” was the curt reply of the former Aviation minister on his discussions with the President.
Fani Kayode also told journalists since the presidential villa houses the president of Nigeria, every Nigerian is entitled to pay a visit to the place from time to time
On his relationship with the President, Fani Kayode said: “I have always believed that every Nigerian regardless of the side of the political divide they belong, and as a Nigerian myself I have believed that we disagree on an issue from time to time, the most important thing is for us to be able to resolve these issues come together to move this country forward.”
He added that every right thinking and responsible person should be able to come to the villa from time to time and see how they can help to move the country forward.
He was however evasive on whether he is on his way out of APC affirming that he will make his position known at the appropriate time: “The step that I will take will be made known to Nigerians at the right time. The most important thing and I think you are fully aware of this is that I cannot and I will not be associated with a situation whereby any group of people is promoting a religion above another.”
“I think all of us have gone past the stage of religious politics in this country. We must treat the Muslim community with utmost respect and we must treat Christian community in the same way and even the non-religious,” added the former Minister.
Fani Kayode has of recent criticized the rumored attempt of APC to field former Head of State, General Muhammadu Buhari and former Governor of Lagos State, Asiwaju Ahmed Tinubu, who are both Muslims as the presidential and vice presidential candidate in the impending 2015 general elections.
The former Aviation Minister argued that the party should instead present a Muslim and a Christian for the position.

Tuesday, 8 April 2014

New GDP should translate to better living standards, World Bank tasks FG

The World Bank, yesterday, reacted to the $510 billion Gross Domestic Product, GDP, announced by the Federal Government on Sunday, challenging the government to ensure that the figure translates to better living standards among Nigerians.
economy
”What matters is the per capital and what matters is how well our individuals are doing. I think the rebasing is great, at least we have a good sense of how large that economy is.
”Also, it is the most populous country in the region and it is fantastic we have this done but going forward, what matters and very important to everybody is productivity to generate other indicators,” Mr Francisco Ferreira, Chief Economist of the global bank told journalists at a briefing on the Economic Outlook Report on Africa, in Abuja.
The Chief Economist said the World Bank welcomed the new GDP figures and that the organization was optimistic of increased Foreign Direct Investment, FDI, into the Nigerian economy.
He, however, cautioned that mere GDP figures in themselves were not enough to attract foreign investors and that the Federal Government must ensure a conducive environment capable of ensuring high returns on investments.
Ferreira also noted that the fact that the Nigerian economy has overtaken that of South Africa in size was nothing for the latter to worry about.
His words, ”I don’t think South Africa should worry about the recent development, if they want to worry, they can worry about labour situation, strikes and other issues, those things make South Africa less attractive. The Fact that Nigeria is largest economy is nothing to worry about.”
Ms. Punam Chuhan Pole, Team Leader, Africa’s Pulse Team disclosed that economic growth in Sub-Saharan Africa, SSA, continued to rise from 4.7 per cent in 2013 to a forecasted 5.2 per cent in 2014. This performance, she said was boosted by rising investment in natural resources and infrastructure, and strong household spending.

GDP not properly rebased— NACCIMA, LCCI

Meanwhile, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA and the Lagos Chamber of Commerce and Industry, LCCI, yesterday, hailed the latest size of the Nigerian economy, but said that the GDP was  not properly rebased because ”60 per cent of transactions in the informal sector of our economy are not captured.
“The economic activities in this country are enormous; how many trailers are on our roads but they are not recorded; calculate the value of the goods they are carrying, it runs into billions of naira,  go to the supermarkets, the goods there are  worth millions of naira, but how many traders there are paying as taxes. They are not captured; go to ASPAMDA at trade fair or Ladipo auto parts market , all in Lagos, there are thousands of shops and in each shop there are goods worth N10 million,  how do you capture it?” said John Isemede, Director General, NACCIMA .
He noted that the country could even attain the 15th largest economy in the world if transactions in the informal sector of the economy are well captured.
In the same vein, Remi Bello, President of LCCI, said the apex chamber welcomes the rebasing of the Gross Domestic Product, GDP recently announced by the National Bureau of Statistics, which led to a review of Nigeria’s nominal GDP from $270 billion to $510 billion, but said “There is need for caution in celebrating these positives, because of the weak revenue base of government.”
According to him, the development revealed the new structure of the Nigerian economy and improved the reliability of economic data.
“The value of the rebasing lies in the following: New set of data reflecting current configuration of the economy, better economic information for economic and business planning; better information for policy advocacy and engagements, better information on the size of the economy and its various component units.”
According to him, the rebased GDP underscores the need to improve on some major fiscal policy measures of the government especially with regards to implications for the following ratios which have recorded sharp declines: Ratio of non oil revenue to GDP, ratio of infrastructure spending to GDP and ratio of capital expenditure to GDP including ratio of private sector credit to GDP as well as ratio of social spending to GDP.
“There is therefore a great deal of work to be done to make the economy stronger by improving on the above ratios. On the positive side, the new GDP would improve on some rations such as: Ratio of fiscal deficit to GDP and ratio of debt to GDP.
“The lower ratio should not be allowed to encourage increasing deficit spending or increased borrowing.
“The LCCI is in agreement with the coordinating Minister that the lower debt to GDP ratio should not be reason to increase borrowing.  It is also significant that the rebased GDP has thrown up the very important issue of growing inequality in the Nigerian economy, which has implications for economic and social stability,” said the LCCI chief.

No rating impact despite scale of Nigeria’s GDP uplift — Fitch

In its reaction, international rating agency, Fitch said Nigeria’s large-scale GDP rebasing has a mixed impact on key sovereign rating metrics, and therefore has no automatic implications for Nigeria’s ‘BB’ /Stable sovereign rating.
“It could, however, boost investors’ sentiment and that is likely to support the sovereign credit profile over the longer term. The GDP uplift affects some key rating metrics positively and some negatively. 2013 per capita GDP rises by 89% to USD2,900 on Fitch’s calculations. But it remains below both the ‘BB’ and ‘B’ category peer group medians of USD4,528 and USD3,841, respectively,” it noted.
Continuing, Fitch said, “It is also below similarly rated oil exporters Gabon (USD10,688) and Angola (USD 5,703). Per capita GDP ranking relative to other countries is more important in our sovereign rating methodology than the absolute level.”
Nigeria overtakes just three Fitch-rated sovereigns: Vietnam (B+), Philippines (BBB) and Bolivia (BB ) following the uplift. The other main positive impact is on public debt indicators, which are already a rating strength and now look even stronger. 2013 debt to GDP drops to 11.6% from 22% and the average deficit to GDP ratio is just 1.4% over the past three years (both calculated on a general government basis).
However, Nigeria’s low non-oil fiscal revenue now looks even lower at just 3.8% of GDP (2013 Fitch estimate). The GDP uplift puts some other key metrics in a poorer light. The 2013 current account surplus shrinks to 4.1% of GDP (and is likely to be overstated given the large errors and omissions in the balance of payments).
Foreign direct investment drops to less than 1% of GDP, among the lowest in the region. Broad money   a proxy for financial market development and banking sector penetration also declines, from one third of GDP to less than one fifth of GDP.
- See more at: http://www.vanguardngr.com/2014/04/new-gdp-translate-better-living-standards-world-bank-tasks-fg/#sthash.Wx4d2FcW.dpuf