Foreign

1 dies, seven injure after attacks in Birmingham – Police

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Attack

London, Sept. 7, 2929  One man was killed and seven others were injured, two of them seriously, after a stabbing attack early on Sunday in the central English city of Birmingham, the Police said.

A murder investigation has been launched.

None of those injured is considered to be in life-threatening condition, but one man and one woman “suffered critical injuries’’, West Midlands Police said in a statement.

“There is absolutely no suggestion at all that this is terror-related and victims attacked in Birmingham appear to have been chosen at random,’’ said Chief Superintendent, Steve Graham of West Midlands Police, the PA news agency reported.

Graham said the Police are looking for one suspect, adding that he said the stabbings were “not motivated by hate’’.

His statement was echoed by Foreign Secretary, Dominic Raab, who said there was no information linking the incident to terrorism.

Police noted that the incidents were all linked.

“We are doing all we can to apprehend the person responsible,’’ read a police statement.

“We can confirm that at approximately 12.30 a.m. today we were called to reports of a stabbing in Birmingham city centre,’’ West Midlands Police tweeted earlier on Sunday.

“We immediately attended, along with colleagues from the ambulance service.

“A number of other stabbings were reported in the area shortly after,’’ they added.

West Midlands Police said late on Sunday a team of detectives were working through the night to identify and trace a suspect.

They released footage of a man they said was wanted on suspicion of murder and asked anyone with information to get in touch.

Police asked people to remain calm but vigilant and to stay away from the area.

In unrelated events, five people in London were arrested after five stabbings, also on Saturday night.

One person was seriously injured in Bexleyheath town in the greater London area, according to a police tweet.

Five suspects were arrested on suspicion of causing grievous bodily harm, the Police said and appealed for witnesses.

AIB

Edited By: Abdulfatah Babatunde
Source: NAN

https://nnn.ng/1-dies-seven-injure-after-attacks-in-birmingham-police/

Economy

Japan factory activity struggles to recover as output falls – PMI

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Japan’s factory activity extended declines in September, largely due to a sharper fall in output, as the world’s third-largest economy struggles to stage a robust recovery from the coronavirus pandemic.


The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) was largely unchanged at 47.3 in September, compared with a final 47.2 in the previous month.

Output contracted at a faster pace for the first time in four months, weighing on the headline index, which remained below the 50.0 threshold that separates contraction from expansion for a 17th month.

“New order inflows continued to fall in September, reflecting subdued demand,’’ said Bernard Aw, principal economist at IHS Markit, which compiles the survey.

“That said, the picture of the economy remained much improved when compared to the height of the pandemic during the second quarter.’’

While still remaining in contraction, other indicators in the manufacturing survey such as new orders and suppliers’ delivery times saw their slowest pace of declines since January.

Other positive signs in the survey included manufacturers’ views on future output, which rose to a more than two year high.

Japan’s new Prime Minister, Yoshihide Suga, faces the daunting task of restoring the economy after it posted its worst post-war contraction in the second quarter.

Suga is expected to first target quick policy wins that will later give him the political capital to pursue tougher reforms.

The PMI survey also showed a slight improvement in service-sector activity in September, which contracted at its slowest pace in seven months.

The au Jibun Bank Flash Services PMI index rose to a seasonally adjusted 45.6 from the previous month’s final of 45.0.

The au Jibun Bank Flash Japan Composite PMI, which includes both manufacturing and services, edged up to 45.5 from a final 45.2 in August.

AIB

Edited By: Abdulfatah Babatunde
Source: NAN

https://nnn.ng/japan-factory-activity-struggles-to-recover-as-output-falls-pmi/
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Foreign

EU executive to propose overhaul of migration and asylum system

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The European Commission is to propose a long-awaited overhaul of the European Union’s migration and asylum system on Wednesday.


This is likely to set off an explosive debate over what is one of the bloc’s most politically sensitive issues.

The EU’s migration system has come under increasing pressure in recent years, with bottlenecks forming at external borders.

Under current EU rules, the country where people first generally arrive has to process their asylum claims.

This means countries with external borders carry a disproportionate burden.

While some countries argue for a mechanism to automatically redistribute asylum seekers, others – such as Hungary, the Czech Republic and Austria – strongly oppose this.

Rights activists are concerned that the new measures could see a tightening of asylum rules, including increased detentions at the EU’s borders.

With the proposals set to cause fights between the EU countries, it is far from certain that they will be approved by the EU leaders and European Parliament.

Previous attempts have failed.

According to the commission’s document registry, the EU executive body is to propose a set of new and amended regulations, including on the screening of asylum seekers and on crisis situations.

In the wake of the disastrous fire, earlier this month, at the Moria camp on the Greek island of Lesbos, which hosted some 12,000 people, the commission is also expected to propose a solidarity mechanism for crisis moments.

The commission has previously highlighted that solidarity can mean not just taking migrants in, but also, for example, sending medical supplies.

AIB

Edited By: Abdulfatah Babatunde
Source: NAN

https://nnn.ng/eu-executive-to-propose-overhaul-of-migration-and-asylum-system/
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Economy

Oil down after United States crude inventories rise against expectations

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Oil prices fell on Wednesday after an industry group reported a surprise rise in United States crude, adding to worries about demand that led to a steep selloff earlier in the week.


Brent crude was trading down 30 cents or 0.7 per cent at $41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday while United States crude dropped 34 cents or 0.9 per cent to $39.46.

Both contracts fell more than four per cent on Monday, the most in two weeks.

Surging cases of coronavirus infections in countries including France and Spain, along with the likelihood of more restrictions in Britain have renewed worries about fuel demand, just as more supply may come onto the market from Libya.

In the United States, where the death toll from COVID-19 has passed 200,000, the world’s highest, crude oil inventories rose by 691,000 barrels in the week to Sept. 18, according to industry data, compared with analysts’ forecasts for a drop of 2.3 million barrels.

Gasoline stocks fell by nearly 7.7 million barrels, nearly eight times expectations suggesting some demand for fuel in the world’s biggest oil consuming nation.

Official data from the Energy Information Administration is due out later on Wednesday.

“Official United States crude inventory data assumes greater than usual importance,’’ said Jeffrey Halley, senior market analyst at OANDA.

“A surprise increase could well be enough to initiate another downward leg in crude prices.’’

In Libya, the National Oil Company expects oil output to rise to more than a quarter of a million barrels per day (bpd) by next week, it said on Tuesday.

The NOC said it was restarting exports from the Zueitinia oil terminal after checking the security situation at the port and fields that pipe crude there.

An escalation in the country’s conflict led to a blockade of facilities, which is now easing, although analysts say they don’t expect Libya to reach the 1.2 million bpd of production it was pumping previously.

This year, “world oil demand will be down by more than 10 per cent on the year to around 90 million barrels per day (bpd) due to the COVID-19 crisis,’’ Eurasia Group said in a note.

“This will mark the biggest demand shock in industry history,’’ it said.

AIB

Edited By: Abdulfatah Babatunde
Source: NAN

https://nnn.ng/oil-down-after-united-states-crude-inventories-rise-against-expectations/
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Foreign

Malaysia opposition leader Ibrahim says seeking to form new government

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Malaysia’s opposition leader, Anwar Ibrahim, said on Wednesday he has secured a “strong majority” from lawmakers in order to form a new government.


Ibrahim also said he was seeking an audience with the king to formalise his appointment as prime minister.

Ibrahim, who will need the king’s assent to replace current premier Muhyiddin Yassin, told a news conference his support from lawmakers “means that the administration of Muhyiddin has fallen’’.

The opposition leader’s claim comes less than seven months after Muhyiddin clinched the premiership, following political turmoil that saw the collapse of the previous administration under Mahathir Mohamad.

AIB

Edited By: Abdulfatah Babatunde
Source: NAN

https://nnn.ng/malaysia-opposition-leader-ibrahim-says-seeking-to-form-new-government/
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