President Biden tears into Donald Trump on anniversary of Capitol ‘insurrection’

President Joe Biden departs with Vice President Kamala Harris after he spoke in Statuary Hall at the US Capitol to mark the one year anniversary of the Jan. 6 riot by supporters loyal to then-President Donald Trump. (AP)
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Updated 06 January 2022
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President Biden tears into Donald Trump on anniversary of Capitol ‘insurrection’

  • Biden’s voice filled with anger as he laid out the dangers facing a country that has long styled itself as leader of the free world

WASHINGTON D.C.: President Joe Biden on Thursday savaged Donald Trump’s “lies” and attempt to overturn the 2020 election, vowing on the first anniversary of the January 6 Capitol riot that he would let no one put a “dagger at the throat of democracy.”
After largely ignoring Trump for a year, Biden took off the gloves, describing the Republican as a cheat whose ego wouldn’t let him accept defeat and whose supporters almost shattered US democracy when they stormed Congress to prevent certification of the election.
“This was an armed insurrection,” Biden said in his dramatic speech from Statuary Hall inside the Capitol, where a year ago thousands of people brandishing Trump flags trampled over police to invade the chamber, forcing lawmakers to flee for their lives.
“For the first time in our history, a president not just lost an election. He tried to prevent the peaceful transfer of power,” Biden said.
“They came here in rage,” Biden said of Trump’s backers, and “held a dagger at the throat of America.”
“I will allow no one to place a dagger at the throat of democracy.”
Biden’s voice filled with anger as he laid out the dangers facing a country that has long styled itself as leader of the free world.
“Are we going to be a nation that accepts political violence as a norm?” he asked.
Although Biden deliberately did not mention Trump’s name, he made clear whom he was talking about in a blistering portrait of a man he said scorned democracy because he couldn’t accept defeat.
“The former president of the United States of America has created and spread a web of lies about the 2020 election,” Biden said. “He values power over principle.”
During the assault on Congress, Trump was “sitting in the private dining room off the Oval Office in the White House, watching it all on television and doing nothing for hours,” Biden said, his anger clear. “He’s a defeated former president.”
Trump, who has spent the last year spreading conspiracy theories about his election loss to millions of followers, quickly fired back with a series of statements doubling down on his lie about the “rigged” election and dismissing Biden’s speech as “political theater.”
“Never forget the crime of the 2020 Presidential Election. Never give up!” read Trump’s latest statement.
The day’s commemorative events also featured remarks by the speaker of the House of Representatives, Nancy Pelosi, ahead of a prayer vigil on the steps of the Capitol.
However, such are the depths of division 12 months later that barely any Republicans showed up.
The party’s top lawmaker, Senator Mitch McConnell, was leading a delegation to a funeral of a recently deceased senator some 600 miles (965 kilometers) away in Atlanta, Georgia.
In a statement, McConnell said January 6 had been a “dark day” but called it “stunning to see some Washington Democrats try to exploit this anniversary.”
McConnell was among the senior Republicans a year ago who condemned Trump for stoking the unprecedented violence with his barrage of lies about fraud, which no court or independent investigator has ever substantiated.
Since then, however, almost the entire party has quietly backed off from talking about January 6, bowing to Trump’s enormous influence with Republican voters — and possible bid to return as president in 2024.
A photo tweeted by Democratic Senator Chris Murphy showed just two Republicans present at the minute of silence held for Capitol police officers who died in the wake of the unrest. “An extraordinary image of where this country’s politics are,” Murphy said.
Writing in The New York Times, former Democratic president Jimmy Carter said the United States “teeters on the brink of a widening abyss.”
“Without immediate action, we are at genuine risk of civil conflict and losing our precious democracy. Americans must set aside differences and work together before it is too late,” Carter wrote.
More surprising was the voice of Karl Rove, one of the chief architects of Republican strategy over the last 30 years, who wrote in the right-leaning Wall Street Journal editorial pages that there was no forgiveness for the assault on democracy.
“There can be no soft-pedaling what happened and no absolution for those who planned, encouraged and aided the attempt to overthrow our democracy. Love of country demands nothing less. That’s true patriotism,” he wrote.


Lebanon army says Israeli attack kills 2 soldiers

A Lebanese army soldier walks in front of a destroyed building following an Israeli airstrike that targeted Hadath neighbourhood
Updated 2 min 48 sec ago
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Lebanon army says Israeli attack kills 2 soldiers

  • “The Israeli enemy directly targeted an army center” in Mari in the Hasbaya area

BEIRUT: The Lebanese army said an Israeli attack on Sunday killed two soldiers, accusing Israel of directly targeting their position in south Lebanon where the Israeli military is fighting Hezbollah.
“The Israeli enemy directly targeted an army center” in Mari in the Hasbaya area, causing “the death of one of the soldiers and the wounding of three others, one of whom is in critical condition,” the army said in a statement.
A separate statement shortly afterwards said “a second soldier” had died of his wounds.
Israeli fire has killed more than a dozen Lebanese soldiers since all-out war between Israel and the Iran-backed Hezbollah group erupted in September, according to an AFP tally of official announcements.


Smog drops from hazardous to unhealthy in Pakistan’s Lahore

Updated 20 min 43 sec ago
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Smog drops from hazardous to unhealthy in Pakistan’s Lahore

  • The city’s AQI index reached a daily average of 243, still considered ‘very unhealthy’
  • Current pollution level is 10 times higher than what is deemed acceptable by WHO

ISLAMABAD: The air quality in Pakistan’s smog-choked city of Lahore on Sunday fell below the threshold considered “hazardous” for humans for the first time in two weeks.
The AQI index reached a daily average of 243, still “very unhealthy” but below the highest level of 300 considered “hazardous.”
The level of PM2.5 particles was also more than 10 times higher than the level deemed acceptable by the World Health Organization.
The city of 14 million people close to the border with India peaked at a record AQI of 1,110 on November 14.
Punjab, home to more than half of Pakistan’s 240 million people, closed schools in its major cities on November 6, and on Friday extended the closure to November 24.
It has also banned all outdoor sports in schools until January, and cracked down on polluting tuk-tuks, barbecues and construction sites in pollution hot spots across Lahore.
Seasonal crop burn-off by farmers on the outskirts of the city also contributes to toxic air the WHO says can cause strokes, heart disease, lung cancer and respiratory diseases.


Casa Riyadh win Silver Cup polo championship  

Updated 29 min 8 sec ago
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Casa Riyadh win Silver Cup polo championship  

  • Polo teams show ‘good technical performance and strong competition’ in first championship of the season

RIYADH: Casa Riyadh won the Silver Cup polo tournament after beating the Tuwaiq Team 5-4 in the final match at the Nova Equestrian Resort field, west of the capital Riyadh.  

On Saturday, Casa Riyadh’s captain, Prince Salman bin Sultan bin Salman, accepted the championship trophy from Amr Zidane, the president of the Saudi Polo Federation. Ibrahim Al-Harbi, Salman bin Haif and Mohammed Nafeed won golden medals alongside Prince Salman. 

Zidane said that the third edition of the Silver Cup was the first championship of the polo season in Saudi Arabia and that teams delivered a “good technical performance and strong competition” in the latest tournament. 

The Tamam team of Hashem Al-Alawi, Abdulmohsen Al-Hokair, Faisal Abunyan, and the Argentine Marcelo Antonio came second, while Tuwaiq players Khaled bin Muammar, Mudhar Al-Zoubi, Asif Shah and Britain’s George Amor secured third place. 

The Silver Cup is played using a points system. In the event of a tie, the team with the most goals wins.  

Zidane said that there are six local competitions in the current polo season that “will enhance the technical performance and readiness” for the Saudi national polo team’s international competition.


Pakistan’s finance chief says PM Sharif will soon unveil ‘home-grown’ economic agenda

Updated 52 min 40 sec ago
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Pakistan’s finance chief says PM Sharif will soon unveil ‘home-grown’ economic agenda

  • Muhammad Aurangzeb calls the recent IMF visit part of ongoing talks, enhancing mutual trust
  • The visit came weeks after the $7 billion loan approval, making observers think it was unusual

ISLAMABAD: Prime Minister Shehbaz Sharif will soon unveil a “home-grown agenda” for economic development, Finance Minister Muhammad Aurangzeb said on Sunday, as he informed that his interaction with a visiting International Monetary Fund (IMF) delegation last week went well, providing both sides an opportunity to enhance mutual trust.
The IMF delegation, led by Pakistan mission chief Nathan Porter, completed a five-day trip to the country during which it held wide-ranging conversations with the government.
The international lending organization approved a $7 billion loan for Pakistan in September, though it explicitly stated that the delegation’s visit was not part of the first review of the loan program, which is scheduled for the first quarter of 2025.
The IMF visit, which came just weeks after the loan’s approval, surprised observers who considered it unusual, though the finance minister described it as part of an ongoing dialogue between the two sides, noting that it resulted in a positive IMF statement.
Aurangzeb also said the government would specify its overall economic game plan in the next few days.
“The prime minister will soon share a home-grown agenda about how we are going to take forward our overall economic roadmap,” he said, without disclosing its details. “It has been very well syndicated with all the stakeholders.”
The minister emphasized that dealings between Pakistan and the IMF were completely transparent, with all agreed details available in the public domain. He noted the recent discussions with the IMF covered taxation and energy reforms, along with the privatization plan for state-owned enterprises and public finances.
“I welcomed this visit because this is an ongoing dialogue to ensure mutual credibility and trust,” he added. “We have shared our roadmap with them and explained how we are taking things forward.”
The finance minister said the two sides would continue to hold virtual talks, though he noted that he appreciated every opportunity to meet IMF officials face-to-face.
He also mentioned that discussions with the international lender included climate resilience and decarbonization, emphasizing that these issues had to be addressed alongside broader economic challenges rather than sequentially.
Pakistan has faced a prolonged economic crisis marked by rapid currency devaluation and dwindling foreign exchange reserves, which forced it to seek external financial assistance from friendly nations and global financial institutions.
The country has seen an improvement in its macroeconomic indicators in recent months, though it has yet to fully recover from its financial difficulties.
Reflecting on his visit to Washington for the World Bank and IMF meetings earlier this year, Aurangzeb described the discussions as productive.
“They gave us a platform to share with the comity of nations about how we turned the economy around in 14 months,” he said. “We also got an important message, which is that there is no room for complacency and we must stay the course [of stringent economic reforms].”
 


Closing Bell: Saudi main index rises to close at 11,811

Updated 53 min 47 sec ago
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Closing Bell: Saudi main index rises to close at 11,811

  • Parallel market Nomu gained 9.64 points, or 0.03%, to close at 29,477.35
  • MSCI Tadawul Index also gained 4.49 points, or 0.30%, to close at 1,485.85

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 20.80 points, or 0.18 percent, to close at 11,811.98. 

The total trading turnover of the benchmark index was SR4.22 billion ($1.12 billion), as 115 of the stocks advanced and 116 retreated. 

The Kingdom’s parallel market Nomu gained 9.64 points, or 0.03 percent, to close at 29,477.35, with 41 listed stocks advancing and 41 declining. 

The MSCI Tadawul Index also gained 4.49 points, or 0.30 percent, to close at 1,485.85. 

The best-performing stock of the day was The Mediterranean and Gulf Insurance and Reinsurance Co., whose share price rose 9.96 percent to SR20.98. 

Other top performers included Saudi Reinsurance Co. and Thimar Development Holding Co., with their share prices increasing by 6.89 percent to SR38.80, and 6.04 percent to SR43.90, respectively. 

The share prices of Saudi Cable Co. and The Co. for Cooperative Insurance also surged by 5.39 percent and 5.08 percent to SR97.70 and SR132.40, respectively. 

The worst performer was Arriyadh Development Co., whose share price dropped by 5.27 percent to SR26.05. 

Other notable decliners included Alistithmar AREIC Diversified REIT Fund and Red Sea International Co., whose share prices fell by 3.68 percent to SR9.43, and 3.34 percent to SR66.50, respectively. 

Zamil Industrial Investment Co. and The National Co. for Glass Industries also saw declines, with their share prices falling by 3.33 percent to SR26.15, and 3.14 percent to SR49.40, respectively. 

On the announcements front, Amwaj International Co. disclosed its board of directors’ recommendation to distribute SR6 million in cash dividends to shareholders for the fiscal year ending Dec. 31. 

According to a statement on Tadawul, the dividends will cover 6 million eligible shares, with a payout of SR1 per share, representing 10 percent of the share’s par value. 

Amwaj International Co. concluded the trading session at SR42, marking an impressive 18.57 percent increase. 

Arab Sea Information Systems Co. announced updates regarding its project with the Al-Madinah Region Development Authority for managed IT services. 

The company was notified of the decision to cancel the competition due to procedural violations identified following a grievance by a competitor, according to a filing on Tadawul.

The grievance was filed before the award decision or in opposition to it and the company clarified that no costs are associated with the development. 

Arab Sea Information Systems Co. closed the session at SR7.13, down 0.84 percent.