ite obligation. Thursday, June 24, 2010
DTN News: 'No Excuses Acceptable In S-300 Case' Iran To Russia
ite obligation. Wednesday, June 23, 2010
DTN News: US Afghan Commander Stanley McChrystal Fired By Obama
DTN News: Asia-Pacific Millionaires 'Richer Than Europeans'
Chairman of India's Reliance Industries Mukesh Ambani, seen here in Mumbai on June 17, is one of the richest men in Asia and the world. Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way, a study has said.
Photo:Punit Paranjpe/AFPThe report on high-net worth individuals (HNWIs) -- defined as anyone with investible assets of at least one million US dollars -- was issued by Merrill Lynch Global Wealth Management and consultancy firm Capgemini.More millionaires are expected to be minted in a region that has produced some of the world's richest people, including Hong Kong's Li Ka-shing and India's Mukesh Ambani, as Asia leads the recovery from the global recession.
The world's population of HNWIs returned to 10 million in 2009 after the global slump, with the largest concentrations still found in the United States, Japan and Germany.
"The Asia-Pacific HNWI population rose 25.8 percent overall to three million, catching up with Europe for the first time, after falling 14.2 percent in 2008," the World Wealth Report said.
They saw their total wealth grow nearly a third to 9.7 trillion dollars, more than erasing 2008 losses and surpassing the 9.5 trillion dollars held by their European counterparts, it said.
The super-rich, or those with investible assets of 30 million dollars or more, represented only 0.9 percent of the global HNWI population, but accounted for more than a third of the wealth, the report said.
These "ultra-HNWI's" raised their collective wealth by 21.5 percent, after seeing an aggregate decline of 24 percent in 2008.
North America had the highest concentration of mega-rich individuals with over 36,000, compared with Europe's 20,700 and 19,600 from the Asia-Pacific region.
In 2009, eight of the 10 economies with the highest growth in HNWI population were from the Asia-Pacific region, led by Hong Kong where their numbers doubled as the stock exchange climbed 73.5 percent, the report said.
The other Asia-Pacific economies on the global top 10 growth list were India, Taiwan, Australia, Singapore, Indonesia and Vietnam, in that order.
Israel, the third highest gainer globally, and Norway, which was in ninth place, were the only countries outside the region on the top 10 growth list.
Ong Yeng Fang, a managing director at Merrill Lynch Wealth Management, told reporters the number of Asia-Pacific millionaires was likely to rise further, given expectations for robust economic growth.
In a separate study by Forbes Magazine, China has passed India in having the most billionaires in Asia, but India remains home to the region's wealthiest individuals.
Ten of Asia's top 25 billionaires are from India, led by oil and gas tycoon Ambani with an estimated wealth of 29 billion dollars and steel magnate Lakshmi Mittal with 28.7 billion dollars.
Hong Kong, led by rags-to-riches tycoon Li Ka-shing, has five billionaires in the Forbes top 25 list -- the same number as Japan.
Mainland China has only one -- beverage king Zong Qinghou, who is worth seven billion dollars. But overall, it leads Asia with 64 billionaires.
The World Wealth Report said the rich have nearly recouped the losses of 2008 and total assets are now approaching levels last seen in 2007, before a US housing crisis triggered the global slump.
"The rebound has been, and will continue to be, driven by emerging markets -- especially India and China, as well as Brazil," said Bertrand Lavayssiere, managing director for global financial services at Capgemini.
Following massive losses during the 2008-2009 crisis, the world's rich have become more cautious and are taking a more hands-on role in their investments, the report said.
"However, their investment decisions are driven much more from emotional than intellectual factors," said Foong Lai Kiun, Asia-Pacific director for financial services at Capgemini.
The world's rich favoured luxury collectibles like private jets, supercars and yachts as "passion investments", she said.
DTN News: EADS Pitches A400M, C-295 To Australia
Tuesday, June 22, 2010
DTN News: 'Angry' Obama Summons McChrystal Over Scathing Interview
DTN News: What Lies Beneath The South China Sea: Sub Texts
ound of buying submarines, the utility, safety and strategic value of which looks doubtful. In fact, they may actually increase tensions in the region as their lurking menace could swiftly turn a naval encounter from an incident into a crisis. Singapore started it in 1995 by buying a surplus Swedish navy boat, with a further three ordered in 1997, perhaps with designs to manufacture them on license rather than for defense. The first was commissioned in mid-2000 and further orders have since been made as the original boats have been retired.
en as the Southeast Asians embark on their buying spree, many countries are reducing the size of their submarine fleets - notably Germany - or have scrapped them altogether, like Denmark. Other European powers are set to cancel or delay new building programs based on economic and strategic assessments. DTN News: Former Israeli Top Spy Calls For Strike On Iran
M, Israel - June 22, 2010: Israel should launch a pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head of Israel's Mossad intelligence agency said on Monday.
"I am of the opinion that, since there is an ongoing war, since the threat is permanent, since the intention of the enemy in this case is to annihilate you, the right doctrine is one of pre-emption and not of retaliation," Shabtai Shavit told a conference.
Shavit, who served as chief of Israel's foreign spy agency from 1989 to 1996, was speaking at a conference held at the hawkish Bar Ilan University outside Tel Aviv.
"To use retaliation as the main strategy means to sit idly and wait until the enemy comes to attack you," a university statement quoted Shavit as saying.
"But we are dealing with an enemy that plans all the time and waits for the opportunity to arise in order to attack, so what is the point, even morally, to wait and do something only when we are attacked," he said.
Israel, which has the Middle East's sole if undeclared nuclear arsenal, regards Iran as its principal threat after repeated predictions by the Islamic republic's hardline President Mahmoud Ahmadinejad of the Jewish state's demise.
Along with the West, it suspects Iran of trying to develop atomic weapons under the guise of its nuclear programme, a claim Tehran denies.
Israel has backed US-led efforts to prevent Iran developing a nuclear weapons capability through sanctions, but has also refused to rule out military force.
In 1981 Israel bombed an Iraqi nuclear reactor and reportedly also attacked a suspected Syrian nuclear facility in 2007.
Iran insists that its nuclear programme is aimed solely at power generation and medical research and says that the international community should focus its attention on Israel, which, unlike Iran, is not a signatory to the nuclear Non-Proliferation Treaty.DTN News: Russia's 5G Fighter to be '3 Times Cheaper Than Foreign Analogs'
its foreign analog, Russian Prime Minister Vladimir Putin said on Thursday.
He observed the test flight of a prototype fighter and later talked to the pilot, Sergei Bogdan.
"It will be a machine superior to our main competitor, the F-22, in maneuverability, armament and range," Putin said.
"Also in morale," the pilot added.
"Above all else," Putin said smiling.
Bogdan said it was the fighter's 16th test flight and more would follow shortly.
The prime minister said 30 billion rubles (around $1 billion) had already been spent on the project and another 30 billion would be required to complete it, after which the engine, weaponry and other components would be upgraded.
He said, factoring in modernization and upgrades, the fighter will have a service life of 30-35 years.
Russia's only known fifth-generation project is Sukhoi's PAK FA and the current prototype is the T-50. It is designed to compete with the U.S. F-22 Raptor, so far the world's only fifth-generation fighter, and the F-35 Lightning II.
Russia has been developing its newest fighter since the 1990s. The country's top military officials earlier said the stealth fighter jet with a range of up to 5,500 km would enter service with the Air Force in 2015.
The PAK FA is to be armed with next-generation air-to-air, air-to-surface, and air-to-ship missiles, and has two 30-mm cannons. DTN News: Three RDF Soldiers Killed In Darfur Ambush
Union-United Nations Peacekeeping Mission in Darfur (UNAMID) killing three and wounding one.
In an interview with The New Times, the UNAMID Force Commander, Lt. Gen Patrick Nyamvumba, confirmed the attack that took place in Nertiti, Western Darfur.
"It is true we lost three peacekeepers and one wounded in an indiscriminate attack, but I would like to state that the force won't be deterred or intimidated from carrying out its duty," Nyamvumba said over the phone from Sudan.
He said that the wounded peacekeeper was taken to the mission's hospital in Nyala, the capital of South Darfur.
He added that the attack targeted the 49th Battalion commanded by Col. Callixte Kanimba and that the RDF is yet to inform the next of kin of the unidentified soldiers.
According to Nyamvumba, it is too early to pinpoint who the perpetrators of the attack are in the volatile Sudanese region.
"The situation is volatile. As I speak, there is an area where tribal crashes are going on. It is very unpredictable," he said.
Defence Spokesperson Lt. Col Jill Rutaremara said that the RDF strongly condemned the attack which targeted innocent peacekeepers and civilians.
"They were guarding a construction site and our soldiers fought back and killed 3 of the assailants," said Rutaremara.
"RDF strongly condemns this barbaric act which targeted innocent peacekeepers and civilians. The assailants will be pursued".
It is reported that more than 20 assailants opened fire without warning on the RDF soldiers as they provided security to civilian engineers working near the West Darfur village of Nertiti.
The attack occurred slightly over a month after two peacekeepers were slain while conducting a routine patrol in South Darfur, and takes the number of UNAMID peacekeepers who have been murdered in Darfur since the mission began operations in January 2008 to 27.
UN Secretary-General Ban Ki-moon led UN officials in deploring the attack, saying in a statement issued by his spokesperson that the Sudanese Government must make every effort to apprehend the assailants.
"The Secretary-General expresses his condolences to the families of the peacekeepers who lost their lives and to the Government of Rwanda and reiterates his appreciation for their service and commitment to the search for peace in Darfur," the statement added.
Mohamed B. Yonis, the Deputy Joint Special Representative for UNAMID, voiced outrage at the attack and praised the peacekeepers for their courage. He also said the mission would not be deterred from its work.
"Our mission will continue to carry out its mandate, which is to bring peace and security to the people of Darfur," Mr. Yonis said.DTN News: Pakistan's Taliban Offer Prisoner Swap
R, Pakistan- June 22, 2010: Taliban militants in Pakistan's northwest Tuesday offered the government a prisoner swap in return for 33 missing soldiers, threatening to kill the men if the proposal is rebuffed. A Taliban spokesman told AFP that Pakistani authorities should "face the consequences" if they did not agree to the swap, calling for the details to be worked out in talks with tribal elders in Mohmand tribal district.
Security officials say 33 soldiers are still missing since the Taliban attacked a checkpost in a remote part of Mohmand along the Afghan border.
Six soldiers were killed in the attack and their bodies handed over to tribal elders last Thursday, officials said.
Another 25 soldiers strayed into Afghanistan after the clashes, but were handed back to Pakistani officials.
"Thirty-three soldiers are in our custody. We offer the government to exchange them in return of our colleagues," Qari Ikramullah, a spokesman for Tehreek-e-Taliban in Mohmand, told AFP by telephone.
"We are in a state of war, we have no resources to keep them in our prison. The government should accept this offer or face the consequences," he said.
"They will have to face death."
Major Fazal-ur-Rehman, a spokesman for the paramilitary Frontier Corps, confirmed that 33 soldiers were missing but said authorities had received no offer of a swap with the Taliban.
"We have not received any such offer. If we do, then the government will make a decision on the offer," he added.
Pakistani troops are fighting Taliban and Al-Qaeda-linked militant groups on multiple fronts across its sprawling tribal badlands, which Washington has described as the most dangerous place on Earth.
The rugged terrain lying outside direct government control is considered an Al-Qaeda headquarters and stronghold of militants plotting attacks on US-led troops fighting the Taliban in Afghanistan.


