US will not sanction Russia yet, Rubio tells Politico
U.S. Secretary of State Marco Rubio told Politico that the United States will not impose further sanctions on Russia yet, and still wants room to negotiate a peace deal.
"If we did what everybody here wants us to do, and that is come in and crush them with more sanctions, we probably lose our ability to talk to them about the ceasefire and then who's talking to them?," Rubio told Politico in an interview on the sidelines of the NATO summit.
Rubio added that President Donald Trump will "know the right time and place" for new economic measures against Russia, and that the administration is working with Congress to make sure they allow Trump the appropriate flexibility, Politico reported.
"If there's an opportunity for us to make a difference and get them (Russia) to the table, we're going to take it," Rubio said. REUTERS
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Straits Times
a few seconds ago
- Straits Times
Shaolin Temple's 'CEO monk' probed for embezzlement, relations with women
Find out what's new on ST website and app. FILE PHOTO: Buddhist abbot Shi Yongxin, a delegate of the National People's Congress (NPC), walks towards the Great Hall of the People for a plenary meeting of the NPC, China's parliament, in Beijing, China, March 4, 2016. REUTERS/Jason Lee/File Photo BEIJING - The abbot of China's famed 1,500-year-old Shaolin Temple is under criminal investigation for alleged embezzlement, "improper relationships" with women and fathering illegitimate children, religious authorities said. Shi Yongxin, 59, previously a member of China's parliament, is "suspected of criminal offences, misappropriating and embezzling project funds and the temple's assets," the temple said in a statement, adding Shi is under joint investigation by multiple agencies. Shi could not immediately be reached for comment. The temple did not answer a call from Reuters. Nicknamed the "CEO monk" and known for his commercial ambitions, Shi sought to capitalise on the monastery's fame during his decades-long tenure at Shaolin Temple, the fabled birthplace of kung fu and the setting for many martial arts films in the central Chinese province of Henan. Shi has "seriously violated Buddhist precepts, maintained improper relationships with multiple women over a long period of time" and fathered at least one "illegitimate" child, the temple said in its statement released on its social media account on Sunday. In a statement issued on Monday, the state-supervised Buddhist Association of China said it approved the revoking of Shi's ordination certificate, adding that his "behaviours are extremely deplorable in nature, have seriously damaged the reputation of the Buddhist community and tarnished the image of monks." In 2015, a letter circulated online accusing Shi of misconduct and improper sexual relations. The temple denied the allegations at the time. Shi, known as Liu Yingcheng before he became a monk in 1981, has overseen the temple since 1987 and became its abbot in 1999, the temple's website showed. In 2008, the temple opened an online store, offering a range of goods including shoes, tea, T-shirts, and a kung fu instruction manual for 9,999 yuan ($1,395). Its business ventures over the years also included book publishing, medicine, kung fu performances, film production, asset management and real estate. Shi posted daily on his social media account on Weibo with more than 882,000 followers. Shi was a delegate of China's rubber-stamp parliament, the National People's Congress, for around two decades until 2018. He has also been deputy head of China's Buddhist association. REUTERS
Business Times
a few seconds ago
- Business Times
BOJ may paint less gloomy view, signal rate-hike resumption
[TOKYO] The Bank of Japan (BOJ) is set to hold off raising interest rates on Thursday (Jul 31) but may offer a less gloomy view on the outlook after Tokyo's trade agreement with the US last week, signalling rate hikes may resume later this year. Receding global trade tensions following Sunday's agreement between the US and the European Union add relief for BOJ policymakers on the outlook of Japan's export-heavy economy. But the BOJ is likely to warn of lingering uncertainty on how US tariffs affect business activity with the hit to exports seen intensifying later this year, analysts say. 'It's very big progress that reduces uncertainty for Japan's economy – but obviously, some uncertainty remains,' BOJ Deputy Governor Shinichi Uchida said last week on the Japan-US trade deal. Uchida noted questions around how soon Washington strikes trade deals with other countries, how the tariffs affect domestic and global economies and how long it could take for the tariffs' effects to be seen in hard data. At the two-day meeting ending on Thursday, the BOJ is widely expected to keep short-term interest rates steady at 0.5 per cent. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Markets are focusing on the bank's quarterly outlook report and Governor Kazuo Ueda's post-meeting news conference for clues on the timing of the next rate hike. A Reuters poll, taken before last week's Japan-US trade deal announcement, showed a majority of economists expect the BOJ to raise rates again by year-end. In the quarterly report, the BOJ is likely to revise up this fiscal year's inflation forecast due to persistent rises in rice and other food costs, sources have told Reuters. The BOJ may also tweak its current view that risks to the price outlook were skewed to the downside, and offer a less gloomy view on the economy compared with the current one focused on tariff-induced risks, according to separate sources. The board is likely to maintain its view that inflation will durably hit its 2 per cent target in the latter half of its three-year projection period running through fiscal 2027, they said. In current projections made on May 1, the BOJ projects core consumer inflation to hit 2.2 per cent in fiscal 2025, before slowing to 1.7 per cent in 2026 and 1.9 per cent in 2027. Japan struck a trade deal with President Donald Trump last week that lowers US tariffs for imports of goods, including its mainstay automobiles, easing the pain for the export-reliant economy and clearing a key hurdle for further BOJ rate hikes. The positive development contrasts with the gloom that surrounded the economy on May 1, when the BOJ produced its current estimates amid heightened market volatility caused by Trump's April announcement of sweeping 'reciprocal' tariffs. The BOJ exited a decade-long, massive stimulus last year and raised its short-term policy rate to 0.5 per cent in January on the view that Japan was progressing towards durably achieving its price goal. With rising food costs hurting households and keeping inflation above its 2 per cent target for three years, some hawkish board members have highlighted mounting price pressures that could justify resuming rate hikes. REUTERS


AsiaOne
30 minutes ago
- AsiaOne
Evictions and expulsions of Muslims to Bangladesh precede Indian state polls, Asia News
GOALPARA, India — Beneath a sea of blue tarpaulin in a corner of northeastern India near Bangladesh, hundreds of Muslim men, women and babies take shelter after being evicted from their homes, in the latest crackdown in Assam ahead of state elections. They are among thousands of families whose houses have been bulldozed in the past few weeks by authorities — the most intense such action in decades — who accuse them of illegally staying on government land. The demolitions in Assam, where Prime Minister Narendra Modi's Hindu nationalist party will seek reelection early next year, have coincided with a national clampdown on Bengali-speaking Muslims branded "illegal infiltrators" from Bangladesh, since the August 2024 ouster of a pro-India premier in Dhaka. "The government repeatedly harasses us," said Aran Ali, 53, speaking outside a patch of bare earth in Assam's Goalpara district that has become the makeshift home for his family of three. "We are accused of being encroachers and foreigners," said Ali, who was born in Assam, as the scorching July sun beat down on the settlement. Assam accounts for 262km of India's 4097 km-long border with Bangladesh and has long grappled with anti-immigrant sentiments rooted in fears that Bengali migrants — both Hindus and Muslims — from the neighbouring country would overwhelm the local culture and economy. The latest clamp-down, under Modi's Bharatiya Janata Party, has been exclusively aimed at Muslims and led to protests that killed a teenager days ago. Assam's firebrand Chief Minister Himanta Biswa Sarma, who is among a slew of ambitious BJP leaders accused of fomenting religious discord to stir populist sentiments ahead of polls across the country, says "Muslim infiltrators from Bangladesh" threaten India's identity. "We are fearlessly resisting the ongoing, unchecked Muslim infiltration from across the border, which has already caused an alarming demographic shift," he recently said on X. "In several districts, Hindus are now on the verge of becoming a minority in their own land." He told reporters last week that migrant Muslims make up 30 per cent of Assam's 31 million population as of the 2011 census. "In a few years from now, Assam's minority population will be close to 50 per cent," he said. Sarma did not respond to a Reuters request for comment. 'Vulnerable targets' The BJP has long believed Hindu-majority India to be the natural homeland for all Hindus and implemented policies to counter the country's large Muslim population. In 2019 it amended India's citizenship law to effectively naturalise undocumented non-Muslim migrants from neighbouring countries. Since he became chief minister in May 2021, Sarma's government has evicted 50,000 people — mostly Bengali Muslims — from 160 square kilometres of land, with more planned. In just the past month alone, about 3,400 Bengali Muslim homes have been bulldozed in five eviction drives across Assam, according to state data. The previous government evicted some 4,700 families in the five years to early 2021. "Bengali-speaking Muslims, regardless of their legal status, have become vulnerable targets for right-wing groups in India," said Praveen Donthi, senior analyst at International Crisis Group. Indian opposition leaders have accused Sarma of using the evictions and expulsions to polarise voters ahead of elections. "These measures are politically beneficial and profitable for the BJP," said Akhil Gogoi, an opposition lawmaker. The main opposition Congress party, whose crushing defeat in the 2016 Assam election gave the BJP its first government in the state, said it would rebuild the demolished houses and jail those who destroyed them if voted back to power. "Push backs" The surge in evictions follows a deadly attack in April on Hindu tourists in Kashmir blamed on "terrorists" from Muslim-majority Pakistan, a charge Islamabad denies. BJP-ruled states have since rounded up thousands of Bengali Muslims, calling them suspected "illegal immigrants" and a potential security risk. Analysts say worsening ties between New Delhi and Dhaka following the ouster of Bangladesh Prime Minister Sheikh Hasina have intensified sentiments against Bengali-speaking Muslims, giving the BJP a political weapon to use for votes. Bengali is the main language of Muslim-majority Bangladesh and is also widely spoken in parts of India. States including Assam have also "pushed back" hundreds of Bengali Muslims into Bangladesh. Some were brought back because appeals challenging their non-Indian status were being heard in court, Reuters has reported. Assam officials say around 30,000 people have been declared foreigners by tribunals in the state. Such people are typically long-term residents with families and land, and activists say many of them are often wrongly classified as foreigners and are too poor to challenge tribunal judgements. New Delhi said in 2016 that around 20 million illegal Bangladeshi migrants were living in India. "The Indian government is putting thousands of vulnerable people at risk in apparent pursuit of unauthorised immigrants, but their actions reflect broader discriminatory policies against Muslims," said Elaine Pearson, Asia director at Human Rights Watch. India's foreign ministry said in May that the country had a list of 2,369 individuals to be deported to Bangladesh. It urged Bangladesh to expedite the verification process. Bangladesh's foreign ministry did not respond to a request for comment. Since Hasina's removal and a rise in attacks on Hindus in Bangladesh, Sarma has frequently shared details of foiled infiltration attempts, with pictures of those caught splashed on social media. "The ethnonationalism that had long animated Assam's politics seamlessly merged with the religious nationalism of the BJP," said Donthi. "The focus then shifted from Bengali-speaking outsiders to Bengali-speaking Muslims." [[nid:717154]]