BERLIN: A VW spokesman says the German automaker’s supervisory board is checking whether it can demand damage claims from former VW CEO Martin Winterkorn in connection with the company’s diesel emissions cheating scandal.
Michael Brendel tells German news agency dpa “the investigation has been going on for quite some while and is conducted independently from the authorities’ investigation.”
German newspaper Frankfurter Allgemeine Sonntagszeitung reported Sunday that Winterkorn could lose his property in connection with the company’s investigation.
Winterkorn, 70, was indicted Thursday in the United States on charges stemming from the company’s diesel emissions cheating scandal.
Volkswagen has admitted to programming its diesel engines to activate pollution controls when being tested in government labs and turning them off when on the road.
Winterkorn has denied any knowledge of the scheme.
VW board eyes damage claims against former CEO Winterkorn
VW board eyes damage claims against former CEO Winterkorn
- Volkswagen has admitted to programming its diesel engines to activate pollution controls when being tested in government labs and turning them off when on the road
- Former VW CEO Martin Winterkorn denies any wrongdoing, saying he was not aware of the issue
‘Tidal wave of Islamophobia’ in UK, says outgoing MCB chief
- Zara Mohammed’s 4-year tenure involved responses to nationwide rioting, COVID-19 pandemic
- ‘There has been such a normalization of Islamophobic rhetoric without it being challenged or condemned,’ she tells BBC
LONDON: The UK is suffering from a “tidal wave of Islamophobia,” the outgoing leader of one of the country’s largest Muslim bodies has warned.
Zara Mohammed has served as the first female leader of the Muslim Council of Britain since 2021, and through her tenure tackled nationwide riots last year, the COVID-19 pandemic, and being frozen out of government contact.
Ahead of her departure as MCB general secretary on Saturday, Mohammed spoke to the BBC about the difficulties she has faced over the last four years.
“It was the Southport riots for us that made it really quite alarming,” she said, referring to nationwide disorder last year in the wake of a stabbing attack in Southport.
“It was so visceral. We were watching on our screens: People breaking doors down, stopping cars, attacking taxi drivers, smashing windows, smashing mosques,” she told the BBC. “The kind of evil we saw was really terrifying and I felt like, am I even making a difference?”
The rioting was partly triggered by false online rumors that the attacker was a Muslim asylum-seeker.
Yet the government at the time had refused to engage with Mohammed, and the largest umbrella Muslim organization in Britain “wasn’t being talked to,” she said.
“The justification was there, the urgency, the necessity of engagement was there, British Muslims were under attack, mosques were under attack.”
In the year since the war in Gaza began, monitoring group Tell Mama UK recorded 4,971 instances of Islamophobic hate in Britain — the highest figure in 14 years.
The MCB had done “a lot of community building and political advocacy” in a bid to tackle the problem, yet this had failed to shift mainstream narratives surrounding British Muslims, Mohammed said.
“There has been such a normalization of Islamophobic rhetoric without it being challenged or condemned,” she added.
“We could say we’re making a difference but then what is being seen in national discourse does not seem to translate.”
Abuse of Muslim politicians across the UK, including former Scottish First Minister Humza Yousaf and London Mayor Sadiq Khan, demonstrates a broader trend of rising Islamophobia, Mohammed said.
“You’re constantly firefighting. Did we make British Muslims’ lives better? On one hand, yes, because we raised these issues, we took them to a national platform. But with Islamophobia, we’re still having the same conversation,” she added.
“We still haven’t been able to break through, whether it’s government engagement, Islamophobia or social mobility.”
Jordan’s exports to GAFTA countries rise by 15.6%
RIYADH: Jordan’s exports to countries within the Greater Arab Free Trade Area recorded a year-on-year rise of 15.6 percent by the end of November, new figures revealed
According to official statistics compiled by the Jordan News Agency, the Middle Eastern nation’s exports to GAFTA countries reached 3.25 billion Jordanian dinars ($362 billion), up from 2.81 billion dinars in the same period of the previous year. Jordan’s exports to the 18 GAFTA countries include fertilizers, pharmaceuticals, and agricultural products.
Similarly, the data showed that Jordan’s imports from the free trade zone also grew during the same period, rising by 8.5 percent to reach 4.69 billion dinars.
Imports from GAFTA countries primarily consist of crude oil and its derivatives, jewelry, and food products, as well as plastic sheets, titanium oxide, polystyrene, iron, and steel products, among others.
The newly released data falls in line with the recent rise in exports and imports recorded between Jordan and GAFTA countries, which jumped 9.7 percent and 9.3 percent, respectively, in the first three months of 2024.
The data also showed that the increase in exports and imports helped reduce the trade deficit with GAFTA countries to 1.43 billion dinars, down from 1.50 billion dinars in the same period last year.
Meanwhile, trade volume between Jordan and GAFTA countries surged to 7.95 billion dinars by the end of November, compared to 7.14 billion dinars in the same period a year earlier.
Saudi Arabia emerged as Jordan’s top export destination within the group, with exports to the country amounting to 1.07 billion dinars, a 13.7 percent rise from the same period in 2023.
The Kingdom also ranked as Jordan’s largest import source, with exchange totaling 2.69 billion dinars, resulting in a trade deficit of 1.66 billion dinars with Saudi Arabia by the end of November.
Jordan’s exports to US surges 14.9 percent
Additional data from Jordan News Agency disclosed that the country’s exports to the US increased 14.9 percent year on year in the first 11 months of 2024 to reach 2.04 billion dinars.
The country’s primary exports to the North American country include garments, jewelry, fertilizers, and pharmaceuticals as well as IT services, food products, live animals, and engineering goods.
Similarly, the data showed that Jordan’s imports from the US hit 1.13 billion dinars during the period, reflecting 4.7 rise compared to the corresponding period in 2023.
Jordan’s imports from the US consist of mineral products, transportation equipment, machinery, electrical appliances, and grains as well as chemicals, medical devices, processed foods, and wood pulp, among others.
This is in line with the fact that the trade partnership between the two nations was strengthened by the Free Trade Agreement, which was signed in October 2000 and took full effect in January 2010. This deal has led to an eightfold surge in bilateral trade, highlighting its importance in fortifying economic connections.
As a result of the rise in exports and imports, the trade balance between Jordan and the US recorded a surplus of 910 million dinars during the period.
The total volume of trade between the two countries climbed to 3.17 billion dinars by the end of November, compared to 2.86 billion dinars in the same period of 2023.
Pakistan central bank cuts key rate by 100 bps
- The bank’s governor said inflation would ease further in Jan. but noted core inflation remained elevated
- Jameel Ahmed said the forecast for full-year inflation in the year to June was an average of 5.5 percent to 7.5 percent
KARACHI: Pakistan’s central bank cut its key policy rate by 100 basis points to 12 percent on Monday, the governor told reporters, for a sixth straight reduction since June as the country attempts to revive business and economic sentiment amid easing inflation.
The State Bank of Pakistan has slashed rates by 1,000 bps from an all-time high of 22 percent in June 2024, in one of the most aggressive moves among central banks in emerging markets and topping the 625 bps in rate cuts it did in 2020 during the COVID-19 pandemic.
The bank’s governor Jameel Ahmad said at a press conference that the inflation rate would ease further in January but noted that core inflation remained elevated. He said the forecast for full-year inflation in the year to June was an average of 5.5 percent-7.5 percent.
Fourteen of 15 analysts surveyed by Reuters expected the central bank to cut its key rate by at least 100 bps mainly due to a drop in inflation.
Pakistan’s consumer inflation rate slowed to an over 6-1/2-year low of 4.1 percent in December, largely due to a high year-ago base. That was below the government’s forecast and significantly lower than a multi-decade high of around 40 percent in May 2023.
Pakistan’s economy grew by 0.92 percent in the first quarter of the fiscal year 2024-25 which ends in June, according to data approved by the National Accounts Committee, and released by its Statistics Bureau in December.
The governor said that the bank maintained its forecast full-year GDP growth at 2.5 percent-3.5 percent.
19 arrested after Turkiye hotel inferno disaster
ANKARA: Turkish authorities have arrested 19 people as part of an investigation into a fire at a ski resort hotel that killed 78 people, Anadolu state news agency reported Monday.
Those detained include a deputy mayor for the town responsible for the Kartalkaya resort, a deputy fire chief and the head of another establishment belonging to the hotel owner, the agency said.
The investigation into the January 21 disaster has focused on the hotel management and the actions of the emergency services and authorities in the town of Bolu.
On Friday, the owner of the Grand Karta hotel, his son-in-law, the hotel’s chief electrician and its head chef were arrested.
Survivors and experts have highlighted the absence of fire alarms and sprinklers, working smoke detectors and proper fire escape routes at the 12-story building that overlooked the ski slopes.
Interior Minister Ali Yerlikaya has said 238 people were staying in the Grand Karta hotel when the inferno tore through the building in the middle of the night.
5th Saudi Esports Federation Awards will celebrate milestone this weekend
- The awards take place on Friday at SEF Arena, Boulevard Riyadh City
- 19 categories will highlight individuals and organizations making a significant impact on the esports scene
RIYADH: The Saudi Esports Federation will host the organization’s fifth awards this weekend in a celebration of the past year’s exceptional achievements in the Kingdom’s esports sector.
Taking place at SEF Arena, Boulevard Riyadh City, the 2024 awards aim to inspire and recognize both amateurs and professionals, reinforcing Saudi Arabia’s position in the global esports industry.
This year’s event will feature 19 award categories, highlighting the individuals and organizations that have made a significant impact on the esports scene.
They include Best Rising Player of the Year; Best Rising Talent of the Year; Best Female Player of the Year, presented by Hilton; Best Club of the Year, presented by Richy; Best Content Creator, presented by SAIB; and Best Roster of the Year, presented by Golden Scent.
The awards reflect the federation’s commitment to celebrating excellence in esports while inspiring the next generation to aim higher and dream bigger, said SEF CEO Turki Al-Fawzan: “As we mark the fifth edition, we are proud to see how far the Kingdom has come in establishing itself as a leader in this dynamic industry.
“This has been a monumental year for esports in Saudi Arabia, with Team Falcons’ historic victory at the Esports World Cup and Team Saudi’s triumph in the FIFAe World Cup™ Rocket League competition particularly worthy of note.!
He added: “These achievements further highlight the exceptional talent we have in the Kingdom and demonstrate our potential to lead the global esports stage. We look forward to building on the ecosystem in Saudi esports that leads to this success and developing even greater achievements in the future.”
The SEF Awards also recognize the efforts of key contributors to the industry, such as content creators, streamers, coaches and esports professionals. Their efforts are critical to building an inclusive and dynamic esports ecosystem.
