Indian billionaire arrested in London over alleged $2B fraud

K police have arrested India’s billionaire diamond dealer Nirav Modi

in London over his alleged involvement in a bank fraud that could be worth $2 billion.

Modi was arrested Tuesday on “behalf of the Indian authorities,” acco

rding to a statement from London’s Metropolitan Poli

ce, and is set to appear at Westminster Magistrates’ Court Wednesday.

Punjab National Bank, one of India’s largest, reported fraudulent activity at one of its branches more than a year ago.

India then issued an Interpol Red Notice for Modi’s arrest and London authorities were asked to pr

oceed with it, said a spokesperson for India’s Enforcement Directorate. The Indian foreign ministry sai

d in a statement it welcomed the arrest, and would seek to extradite Modi as soon as possible.

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The day after the attack in Christchurch, Ardern wore a h

  ijab as she stood in the center of a room, surrounded by families desperate to hear words of reassurance. They were tired, worried and m

any were grieving loved ones presumed killed in the hail of bullets fired by a man who singled them out for their beliefs.

  Even before she said a word, Ardern’s simple decision to cover

her hair served to show families she respected them and wanted to ease their pain.

  ”People were quite surprised. I saw people’s faces when she was wearing the hijab — th

ere were smiles on their faces,” said Ahmed Khan, a survivor of the attack who lost his uncle at the Al Noor mosque.

  Ali Akil, a member of Syrian Solidarity New Zealand who came to Christc

hurch to support the community, said wearing the hjiab was “a symbolic thing.”

  ”It’s saying I respect you, what you believe, and I’m here to help,” he said. “I’m very impressed.”

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I think Chinese basketball needs to get to a place where they

say playing well at one tournament isn’t enough, we want more,” said the Los Angeles Lakers legend, a frequent visitor to China since 1997.

“Now you have to take it to another level … can’t just be comfortable

being here. It’s time to push the next generation to try to get on the medal podium.”

Rescheduled from 2018 to avoid a clash with FIFA’s soccer World

Cup, this year’s tournament has expanded from 24 to 32 teams, who emerged from a revamped quali

fication system that lasted 18 months and aimed to involve as many countries as possible.

“This allows us to go into more markets and to create long-lasting excitement around th

e event,” said FIBA secretary-general Andreas Zagklis, who was appointed in December.

Zagklis is also confident that the joint efforts between FIBA and the CBA will leave a lasting legacy for Chinese basketball after the World Cup.

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Meanwhile, 5G is becoming a new bright spot. In Decem

the Ministry of Industry and Information Technology allocated specific l

ow- and medium-frequency bands to the nation’s three telecom carriers. Currently, these carrie

rs are conducting 5G trial operations in a string of cities, enabling large-scale precommercial use.

According to the action plan, the country will speed up 5G research, and promote the construct

ion of 5G network and demonstration projects, aiming to fully commercialize the superfast technology by 2020.

E-commerce poverty alleviation

In the wake of information consumption’s development in China, e-commerce brings about a new idea for poverty alleviation in rural areas.

In recent years, some people sell local agricultural products nationwide via e-commerce platf

orms. It not only improves the livelihoods of impoverished people, but also contributes to the revitalization of rural areas.

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According to the action plan, by 2020, 98 percent of admin

istrative villages will have optical fiber internet access and 4G network coverage, helping more villagers out of poverty.

As China’s economy turns toward high-quality development, the country has also quickened the pace of industrial upgrading.

Information consumption can optimize and improve industries, reduce costs and promote quality, W

ang said, adding it’s an important factor to boost industrial structure for higher quality deve

lopment.Chinese tech platform Meituan-Dianping has ousted former champion Apple Inc to take the top spot of t

he 2019 Most Innovative Companies chosen by the US business media outlet Fast Company, according to its official website.

Another Chinese tech giant Alibaba Group grabbed the

No 15 spot among the total 50 winners, sought out from businesses across 35 industries.

Let’s take a look at the top 10 most innovative companies in 2019.

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On Feb 28, Starbucks organized an online competition

a flash sale, if you will-for the limited-edition cups. Consumers would wait in front of their com

puters for long hours just to click “buy” several times in quick succession over a period of four days to March 3.

Only, millions of their ilk would also do the same thing at the same time. This meant, most of their attempts were destined to prove unsu

ccessful as buyers vastly outnumbered the special cups on sale. The cat-cups were sold out in nanoseconds after the sale opened.

Disappointed consumers accused Starbucks of resorting to “hunger market

ing”, a strategy to drive up demand by deliberately limiting supply, a charge that the cafe chain denied.

The Starbucks cup episode is the latest proof that pets, particularly cats, are stoking big-ticket

spending among affluent consumers in China, an economy that is witnessing consumption upgrade acr

oss all sectors-a topic close to the hearts of the Chinese lawmakers and political advisers who attended the annu

al sessions of the country’ top legislature and top political advisory body this month.

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Premier says drug costs for chronic diseases to be reimbursable

Outpatient drugs for chronic diseases, such as high blood pressure and diabetes, will be reimbursa

ble by 50 percent through China’s basic medical insurance program this year, Premier Li Keqiang said at a news conference on Friday.

The measure will relieve financial burdens on patients with the two diseases, which number 400 million in China, he said.

The government will also take steps this year to further relieve medical expenditure by

patients with serious diseases through adjusting medical insurance policies, Li said.

The government has been making efforts to improve people’s access to quality medical services and reduce their medical expenditure, Li said.

Last year the prices of 17 anti-cancer drugs were cut by more than 50 percent on av

erage, and were included in the basic medical insurance program so they were reimbursable, he said.

China’s basic medical insurance program has covered almost the entire population in China, he said.

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Trump issues first veto of his presidency, says resolution ‘pu

  Deeming congressional rejection of his border national emerg

ency “reckless” and “dangerous”, President Donald Trump issued the first veto of his presi

dency Friday, insisting the situation on the southern frontier amounted to a threat to Americans’ safety.

  ”Congress has the freedom to pass this resolution and I have the duty to veto it,” Trump said fr

om the Oval Office before officially sending the measure back to Congress without his approval.

  It is the first time in his two years in office that Trump has used his presidential v

eto power to block legislation and comes after a dozen Senate Republicans joined Democrats to rebu

ke Trump’s use of his national emergency power to bypass Congress and fund construction of a border wall.

  Trump said the resolution, which would have reversed the national emergency, “put countless Americans in danger.”

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The approach — particularly the threats of re-election reperc

  ussions — stemmed defections from several Republicans up for re

-election in 2020, but ultimately failed to stop the Senate from passing the resolution.

  Trump tweeted about the political advantage he expects those who supported him will receive.

  ”I’d like to thank all of the Great Republican Senators who bravely voted for Strong Bo

rder Security and the WALL. This will help stop Crime, Human Trafficking, and Drugs entering our Cou

ntry. Watch, when you get back to your State, they will LOVE you more than ever before!” Trump tweeted Friday.

  Trump’s veto sends the resolution back to the US House of Re

presentatives, which is expected to pick it up after the week-long congressional recess. The Hous

e is not expected to have the two-thirds of the chamber’s support needed to override the President’s veto.

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At one point in the meeting Tump, said he wasn’t going to

  ”comment on Brexit,” but characteristically unable to constrain himself, could barely leave the topic alone.

  At the start of his meeting, Trump welcomed Varadkar, and pointin

g out that his visitor was in a difficult position over Britain’s tortured attempts to com

plete its withdrawal from the European Union, which could harm Ireland’s peace and prosperity.

  Trump also, as he often does, used his position to slyly shout out one of his businesses, in this case, a golf course in Ireland.

  ”I have a very warm spot for Doonbeg, I will tell you that and it just a great place really.”

  While praising Ireland, Trump promptly switched to a characteristic boast about his own success, his mana

gement of the economy and how he held “all of the records … every single record for the stock market.”

  Trump’s obsession with Obama — a defining characteristic — app

eared like a nervous tick twice in his photo-op, twinned with a willingness to spout untruths.

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