AUSTIN, Texas: Investigators believe a package bomb that killed a teenager and wounded a woman in Austin on Monday is linked to a similar bombing that killed a man elsewhere in the city this month, and they’re considering whether race was a factor because all of the victims were black.
The explosion Monday happened inside of a home near the Windsor Park neighborhood and killed a 17-year-old boy and badly wounded a woman who is expected to survive, Austin’s police Chief Brian Manley told reporters.
Shortly after the news conference ended, police were called to investigate another explosion in a different part of east Austin. Authorities haven’t said whether that explosion was also caused by a bomb.
Austin-Travis County EMS tweeted that the later blast left a woman in her 70s with potentially life-threatening injuries, and that a second woman in her 80s was being treated for an unrelated medical issue. Authorities haven’t said whether the injured woman is also black.
The explosions happened with hundreds of thousands of visitors in the city for the South by Southwest music, film and technology festival, and authorities urged the public to call the police if they receive any packages they aren’t expecting.
The first explosion on Monday happened about 12 miles (20 kilometers) from the home where a March 2 package bombing killed 39-year-old Anthony Stephan House. The March 2 blast was initially investigated as a suspicious death, but is now viewed as a homicide.
Manley said investigators believe the deadly attacks are related, as in both cases, the packages were left overnight on the victims’ doorsteps and were not mailed or sent by a delivery service. He said the US Postal Service doesn’t have a record of delivering the package to the East Austin home where Monday’s explosion occurred, and that private carriers like UPS and FedEx also indicated that they had none, either.
“There are similarities that we cannot rule out that these two items are, in fact, related,” Manley said.
Manley said investigators haven’t determined a motive for the attacks, but it is possible that the victims could have been targeted because they are black.
“We don’t know what the motive behind these may be,” Manley said. “We do know that both of the homes that were the recipients of these packages belong to African-Americans, so we cannot rule out that hate crime is at the core of this. But we’re not saying that that’s the cause as well.”
Special Agent Michelle Lee, a San Antonio-based spokesman for the FBI, said the agency “responded to both events” and was assisting Austin police which were taking the lead on investigating. She said the Bureau of Alcohol, Tobacco, Firearms and Explosives was taking the lead on the federal investigation.
Manley said that a second package was discovered near the site of the initial Monday explosion and that some residents and media members were evacuated or pushed farther from the blast site as authorities determined whether it was a bomb.
Police didn’t immediately identify the teenager killed Monday. Manley said the woman who was injured in that attack is a 40-year-old woman who remains hospitalized.
US police eye race factor in Texas capital’s 2 deadly package bombs explosions
US police eye race factor in Texas capital’s 2 deadly package bombs explosions
Pakistan, Bangladesh leaders agree to expand bilateral ties on sidelines of D-8 summit in Cairo
- Pakistan, Bangladesh have sought to improve bilateral ties since former PM Hasina’s ouster as a result of a mass movement
- PM Shehbaz Sharif thanked Bangladesh for the recent steps taken for facilitation of trade and travel between the two nations
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif and Muhammad Yunus, head of the Bangladeshi interim government, on Thursday agreed to deepen bilateral cooperation in all areas of mutual interest, Sharif’s office said, following a meeting between the two leaders on the sidelines of the 11th Summit of the Developing Eight (D-8) countries in Cairo.
The meeting took place in a cordial environment, truly reflecting the existing goodwill and fraternal ties between Pakistan and Bangladesh, according to PM Sharif’s office.
The Pakistan premier expressed Pakistan’s keen desire to enhance bilateral cooperation, particularly in the areas of trade, people-to-people contacts and cultural exchanges.
“The two leaders expressed satisfaction over recent positive developments in bilateral relations and noted with satisfaction the increasing frequency of high-level contacts,” Sharif’s office said in a statement.
Established together as one independent nation in 1947, Bangladesh won liberation from then-West Pakistan in 1971. Relations between the two countries continued to deteriorate during former Bangladesh prime minister Sheikh Hasina’s administration, which prosecuted several members of the Jamaat-e-Islami (JI) party for war crimes relating to the 1971 conflict.
However, relations between Pakistan and Bangladesh have improved since Hasina was ousted in a bloody student-led protest in August. Islamabad’s ties with Dhaka have also improved as Bangladesh’s relations with India, where Hasina has sought refuge, have deteriorated.
During the meeting, Sharif’s office said the premier emphasized on the need to make joint efforts to explore new avenues of economic cooperation and to take advantage of their potential in sectors such as chemicals, cement clinkers, surgical goods, leather goods and information technology.
“The prime minister expressed his gratitude to Bangladesh for the recent steps taken for facilitation of trade and travel between Pakistan and Bangladesh,” Sharif’s office said.
“This includes waiving off the condition of 100 percent physical inspection of the consignments from Pakistan and abolishment of special security desk at the Dhaka airport earlier established to scrutinize Pakistani passengers. Prime Minister also thanked Bangladesh for doing away with additional clearance requirement for Pakistani visa applicants.”
The two leaders acknowledged importance of people-to-people contacts and cultural exchanges, including enhanced exchange of artists, sportspersons, academics, and students, according to the statement. Both sides agreed to forge greater cooperation at various multilateral fora, including D-8.
Sharif arrived in Cairo on Wednesday to lead the Pakistan delegation at the D-8 summit on December 18-19. Founded in 1997 in Istanbul, D-8 is an organization for development co-operation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Türkiye. The 11th summit of the bloc is themed as “Investing in Youth and Supporting SMEs: Shaping Tomorrow’s Economy.”
He will address the summit today, Thursday, and highlight the importance of investing in youth and small medium enterprises (SMEs) for building a strong and inclusive economy, creating jobs, advancing innovation, and promoting local entrepreneurship, according to his office.
The prime minister will also attend a special session of D-8 on the humanitarian crisis and reconstruction challenges in Gaza and Lebanon to deliberate on the situation resulting from Israeli military actions in the Middle East.
Also on Thursday, Sharif held a meeting with Indonesian President Prabowo Subianto and congratulated him on assuming the office. The two figures exchanged views on a wide range of issues of mutual interest, including bilateral ties covering political, trade and economic matters as well as cooperation at the multilateral fora, according to Sharif’s office.
“Both the leaders reaffirmed their unwavering support for the Palestinian cause and called for a ceasefire in Gaza urging for a comprehensive approach for resolution of the Palestinian question, with the establishment of a sovereign and independent State of Palestine,” it added.
FIFA World Cup 2034 to bring positive momentum to Saudi Arabia’s stock market
RIYADH: As Saudi Arabia prepares to host the FIFA World Cup in 2034, stock market performance is expected to improve, according to a report.
In its latest analysis, SNB Capital said hosting the major event would also increase the Kingdom’s non-oil gross domestic product by 4 percent to 5 percent in the medium term, estimated between four to eight years.
The firm made this prediction after comparing the growth of the equity markets in South Africa, Russia, and Qatar when they hosted the mega football gala in 2010, 2018, and 2022, respectively.
According to the analysis, hosting the FIFA World Cup in 2034 is expected to significantly impact the Saudi economy, further accelerating the growth driven by Vision 2030 — a national program aimed at diversifying the Kingdom’s economy beyond oil dependence.
“The decision for the host is usually made roughly seven to 12 years in advance. Post announcement, equity markets generally performed well with South Africa showing the strongest return, followed by Qatar and Russia. Therefore, we expect the Saudi market to outperform emerging markets in the coming period,” said SNB Capital.
It added: “FIFA 2034 also reflects positively on the equity market, leading to positive market return, valuation expansion as well as resilience and quick recovery from any potential global market headwinds.”
In the short term, between one to four years, Saudi Arabia will have extensive infrastructure spending, including stadiums, transportation networks, and urban development.
In this period, the infrastructure and construction sectors will be the primary beneficiaries, which include steel, cables, and cement companies in the Kingdom.
In the medium term, between four to eight years, these projects will be near completion, and construction companies will benefit during this period.
In the long term, between eight to 12 years, the tourism and hospitality sectors will receive gains, while the retail industry, including discretionary retailers and car rental companies, is also poised to receive benefits.
In November, experts told Arab News that Saudi Arabia could expect a GDP boost of between $9 billion and $14 billion from the event, as well as the creation of 1.5 million new jobs and the construction of 230,000 hotel rooms developed across five host cities.
SNB Capital estimates that the total cost of hosting the World Cup in Saudi Arabia will be around $26 billion. This cost is considered relatively low, as much of the required infrastructure investment is already part of the Kingdom’s Vision 2030 plans. Additionally, hosting the World Cup follows Expo 2030, another major global event.
In the previous editions of the tournament, Qatar spent a staggering $243 billion, while expenses to host the event in South Africa came in at $7.2 billion.
Brazil’s 2014 hosting involved a spend of $19.7 billion, while Russia invested $16 billion in 2018.
Earlier this month, the bid evaluation report released by FIFA showed that Saudi Arabia is set to deliver a World Cup in 2034 that saves $450 million on costs.
The bid evaluation report added that revenue from ticket and hospitality will surpass FIFA’s baseline projections by 32 percent, or $240 million.
FIFA added that online and licensing revenue streams are forecast to outperform by $7 million, compared to baseline figures.
SNB Capital also echoed similar views and said that the World Cup is expected to improve the outlook of broadcasting and event management companies.
The analysis revealed that FIFA 2034 will boost Saudi Arabia’s tourism sector, leading to higher revenues from the industry.
The event is also expected to create permanent and temporary jobs across various sectors in the Kingdom, reducing unemployment and boosting disposable income.
“A successful hosting of the World Cup will also leave a legacy of high-quality infrastructure which will help Saudi to cater to the potential pickup in tourism demand beyond 2034,” added SNB Capital.
Pakistan stock market sheds over 2,000 points on profit-taking, foreign outflow concerns
- KSE-100 index drops 2,671 points, or 2.41 percent, to a low of 108,398.42 during intraday trading
- Analysts say market downturn driven by blue-chip stocks, unstable rupee and weak global oil prices
ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday declined by more than 2,000 points, stock analysts said, citing profit-taking and concerns over foreign outflows as main reasons behind the slump.
The benchmark KSE-100 index dropped 2,671.87 points, or 2.41 percent, to 108,398.42 points during intraday trading on Thursday, compared to Wednesday’s close 111,070.29 points.
Ahsan Mehanti, chief executive officer of Arif Habib Commodities, said the downturn was driven by profit-taking by investors, an unstable rupee and weak global oil prices.
“Stocks bearish on concerns over foreign outflows and outlook for cautious SBP [State Bank of Pakistan] policy easing on susceptible multiple risks,” he told Arab News.
“Consolidation in the blue-chip scrips, rupee instability and weak global crude oil prices played a catalyst role in bearish activity.”
On Dec. 16, Pakistan’s central bank cut its key interest rate by 200 basis points to 13 percent, marking the fifth straight reduction since June.
Blue-chip stocks in the PSX include large, stable companies like Oil & Gas Development Company (OGDC), Hub Power, Engro, Nestlé and Lucky Cement. These companies are known for strong performance, financial stability, and industry leadership, making them popular for long-term investments.
Raza Jafri, head of equities at Intermarket Securities, said value buyers would be tempted to reenter on dips, with valuations still in active territory and no changes to the economy’s positive outlook.
“Pakistan equities have experienced profit-taking this week, after this year’s robust 80 percent + CYTD [calendar year to date] rally,” he told Arab News.
“Similar profit-taking also occurred in mid-December last year, around 10 percent, after a rapid rally.”
Australian deputy PM highlights Saudi Arabia’s strategic importance during visit
DUABI: Australian Deputy Prime Minister and Minister of Defense Richard Donald Marles underlined the importance of Saudi Arabia as a key partner for Australia, highlighting its position as the country’s second-largest trading partner in the Middle East.
In a statement issued by his office on Thursday, Marles said his visit to Saudi Arabia is focused on enhancing cooperation within the G20 framework and other multilateral institutions, as well as reaffirming Australia’s commitment to a rules-based global order.
Marles described Saudi Arabia as a pivotal partner in addressing shared global challenges, emphasizing the significance of deepening economic and diplomatic ties. He added that the visit offers an opportunity to explore new avenues for collaboration and strengthen the relationship between the two countries.
France’s Macron arrives in cyclone-hit Mayotte to assess devastation
- Officials have warned that the death toll from the most destructive cyclone in living memory could reach hundreds, possibly thousands
- Besides declaring ‘exceptional natural disaster measures,’ authorities have also imposed a nightly curfew to prevent looting
MAMOUDZOU: French President Emmanuel Macron on Thursday arrived in Mayotte to assess the devastation wrought by Cyclone Chido on the Indian Ocean archipelago, as rescuers raced to search for survivors and supply desperately needed aid.
His visit to the French overseas territory comes after Paris declared “exceptional natural disaster” measures for Mayotte late Wednesday night to enable faster and “more effective management of the crisis.”
Located near Madagascar off the coast of southeastern Africa, Mayotte is France’s poorest region.
Macron’s plane landed at 10:10 a.m. local time with some 20 doctors, nurses and civil security personnel on board, as well as four tons of food and sanitary supplies.
Officials have warned that the death toll from the most destructive cyclone in living memory on French territory could reach hundreds — possibly thousands — as rescuers race to clear debris and comb through flattened shantytowns to search for survivors.
“The tragedy of Mayotte is probably the worst natural disaster in the past several centuries of French history,” Prime Minister Francois Bayrou said.
Macron was expected to travel with a small delegation to minimize the use of law enforcement resources needed elsewhere on the archipelago.
After an “aerial reconnaissance of the disaster area,” Macron will go to the Mamoudzou hospital center, according to an itinerary released Wednesday, to “meet with the health care staff and the patients being treated.”
He will also visit a neighborhood razed by the storm, meet with Mayotte officials, and outline a reconstruction plan.
A preliminary toll from France’s interior ministry shows that 31 people have been confirmed killed, 45 seriously hurt, and more than 1,370 suffering lighter injuries.
But officials say the toll could rise exponentially.
Besides declaring “exceptional natural disaster measures,” authorities have also imposed a nightly curfew to prevent looting.
In response to widespread shortages, the government also issued a decree freezing the prices of consumer goods in the archipelago at their pre-cyclone levels.
Products affected include mineral water, food and beverages, batteries, as well as basic hygiene, everyday and construction products, and animal feed.
Cyclone Chido, which hit Mayotte on Saturday, was the latest in a string of storms worldwide fueled by climate change, according to meteorologists.
Experts say seasonal storms are being super-charged by warmer Indian Ocean waters, fueling faster, more destructive winds.
An estimated one-third of Mayotte’s population lives in shantytowns whose flimsy, sheet metal-roofed homes offered scant protection from the storm.
At Mamoudzou hospital center, windows were blown out and doors ripped off from hinges, but most of the medics had taken to sleeping at their battered workplace on Wednesday as Chido had swept their homes away.
“It’s chaos,” said medical and administrative assistant Anrifia Ali Hamadi.
“The roof is collapsing. We’re not very safe. Even I don’t feel safe here.”
But staff soldiered on despite the hospital being out of action, with electricians racing to restore a maternity ward, France’s largest with around 10,000 births a year.
“The Mamoudzou hospital suffered major damage,” said the hospital’s director Jean-Mathieu Defour. “Everything is still functioning, but in a degraded state.”
In the small commune of Pamandzi, sheet metal and destroyed wooden structures were strewn as far as the eye could see.
“It was like a steamroller that crushed everything,” said Nasrine, a Mayotte teacher who declined to give her full name.
With health services in tatters, and power and mobile phone services knocked out, French Overseas Minister Francois-Noel Buffet on Wednesday night declared “exceptional natural disaster” measures for Mayotte.
Under a new emergency system for overseas territories, the measures will hold for a month, and can be renewed every two months after that.
It will “enable the local and national authorities to react more quickly while streamlining certain administrative procedures,” Buffet said.
Much of Mayotte’s population is Muslim, whose religious tradition dictates that bodies be buried rapidly, so some may never be identified.
Assessing the toll is further complicated by irregular immigration to Mayotte, especially from the Comoros islands to the north, meaning much of the population is unregistered.
Mayotte officially has 320,000 inhabitants, but authorities estimate the actual figure is 100,000 to 200,000 higher when taking into account undocumented migrants.
French military planes have been shuttling between Mayotte and the island of La Reunion, another French overseas territory to the east that was spared by the cyclone.
A “civilian maritime bridge” was launched between both island groups, said Patrice Latron, the prefect in La Reunion.
As of Wednesday, more than 100 tons of food was to be distributed.
“We’re moving to a phase of massive support for Mayotte,” he said, adding that around 200 shipping containers with supplies and water would arrive by Sunday.
