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China says Islamic State song in Mandarin shows want for international cooperation

BEIJING A Chinese-language song purportedly released by Islamic State shows the need for closer international cooperation against terrorism, China’s Foreign Ministry stated on Tuesday, as a senior official stated the fight against Islamist militancy had created progress.

China relies on the Middle East for oil supplies, but tends to leave diplomacy there to the other permanent members of the U.N. Security Council, namely the United States, Britain, France and Russia.

It has urged greater coordination to fight terrorism soon after attacks in Mali and Paris and the downing of a Russian warplane by Turkey, but has long stated there is no military remedy in Syria, with state media criticizing the West and Russia for air strikes there.

More than the weekend, Islamic State’s propaganda arm, Al Hayat media center, appears to have place on the web a recording in Mandarin that exhorted its “Muslim brothers” to awaken.

In the four-minute song titled “I am Mujahid”, a man chants: “To die fighting on the battlefield is my dream,” and “No force can stop our advance”.

Foreign Ministry spokeswoman Hua Chunying stated she could not comment on regardless of whether the recording was issued by Islamic State, but stated it showed that “terrorism is the common enemy of mankind” and the need to have to quit extremists utilizing the World wide web.

“In the face of terrorism, no nation can stand on its personal, and the international community should stand closer collectively and cooperate to jointly strike against all forms of terrorism,” Hua told a regular news briefing on Tuesday.

Chinese Vice Foreign Minister Cheng Guoping told a separate briefing Beijing had already joined in anti-terrorism cooperation with Washington and Moscow, but gave no specifics.

“At present, relevant countries have proactively coordinated and consulted on their anti-Islamic State actions in Syria and they have had definite progress on fighting terrorism,” Cheng added.

As China’s economic and business interests abroad develop, it has increasingly been affected by the activities of militant groups.

Three Chinese executives were killed in Mali when Islamist militants stormed a hotel, and Beijing vowed justice when the Islamic State killed a Chinese captive in November.

Chinese officials warn that some Muslim Uighurs, an ethnic group from the western area of Xinjiang, have traveled to battlegrounds in Syria and Iraq.

The government says it faces a serious threat from Islamist militants and separatists in power-wealthy Xinjiang, where hundreds have died in violence in current years.

Rights groups, even so, doubt that a cohesive militant Islamist group exists there, saying the violence stems from common anger at Chinese controls on religion and culture.

(Reporting by Ben Blanchard and Michael Martina Editing by Clarence Fernandez)

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UPDATE 1-BOJ Kuroda says no want to adopt adverse deposit rates in Japan

TOKYO Bank of Japan Governor Haruhiko Kuroda said on Monday he saw no need to have to implement adverse deposit rates in Japan as borrowing fees were already very low due to the central bank’s aggressive asset purchases.

The European Central Bank has adopted negative deposit prices to penalize monetary institutions for parking excess funds at the central bank and encourage them to boost lending as an alternative.

Such a step was unnecessary in Japan as the BOJ’s enormous asset-acquiring system, dubbed “quantitative and qualitative easing” (QQE), was pushing down bond yields across the curve, Kuroda said.

“Our QQE has had an intended impact on the economy and economic markets. Banks have been rising their loans to the real economy … Rebalancing has also been taking spot,” Kuroda told a seminar in Tokyo.

“So we don’t believe we must implement damaging deposit interest prices,” he mentioned.

Kuroda also warned of possible drawbacks from excessive financial regulation such as hampering banks’ profit-making activity, as international policymakers push by way of drastic regulatory reforms.

The extent of effects of big-scale regulatory reforms, such as the Volcker rule in the United States, on the flow of funds among economic institutions remains unknown, Kuroda stated.

“From a extended-term perspective, in order for the monetary system to guarantee stability and in turn contribute to sustainable economic growth, economic institutions need to have to be sufficiently profitable via active and innovative economic intermediation,” he mentioned.

“In this regard, it is critical to get rid of any regulatory excess, inconsistency among regulations, and uncertainty relating to the regulatory atmosphere.”

Most economists in a Reuters poll published on Monday expect the Bank of Japan will expand its stimulus plan in the 1st half of subsequent year, though a tiny minority of respondents forecast no further central bank easing in 2016.

(Reporting by Leika Kihara Editing by Chang-Ran Kim & Kim Coghill)

More than one million kids want urgent help in the conflict-torn Central African Republic: U.N.

DAKAR (Thomson Reuters Foundation) – Much more than a million young children in the Central African Republic are in urgent need to have of humanitarian aid while practically half of these below five are malnourished, the United Nations said on Friday ahead of Pope Francis’ visit to the conflict-torn nation.

The majority Christian nation plunged into tumult when mainly Muslim Seleka rebels briefly seized power in a 2013 coup.

Sectarian violence has plagued the nation considering that and fresh fighting broke out in Bangui two months ago, the worst violence in the capital this year, when the murder of a Muslim man triggered reprisal attacks on a largely Christian neighborhood.

Some two million kids have been impacted by violence which first broke out in December 2012, and 1.two million now require urgent aid, stated the U.N. children’s agency, UNICEF.

“The violence that has plagued this country has had a devastating effect on the lives of kids,” mentioned Mohamed Fall, UNICEF representative in the Central African Republic.

“The humanitarian wants are overwhelming, to meet them we need access and we want higher international assistance.”

The conflict has uprooted 400,000 individuals inside the nation and forced half a million to seek refuge in neighboring nations, while current insecurity and attacks on convoys have hindered help deliveries and lifesaving activities, UNICEF mentioned.

Clashes between primarily Christian anti-balaka militias and primarily Muslim Seleka factions initially cast doubt on the pope’s go to, and risk derailing internationally-backed elections now due on Dec. 27 following becoming postponed in October due to violence.

Pope Francis is due to arrive in the nation on Sunday, and Central Africans on each sides of the religious chasm, even the Seleka, have rallied behind the check out, minimizing the danger that his presence could add fuel to the fire of communal tensions.

“We are hopeful that … the Pope’s pay a visit to will promote reconciliation in a nation that is in desperate need to have of peace,” Fall added.

UNICEF has received $ 37 million of the $ 70.9 million it needs to offer urgent lifesaving interventions for the most vulnerable young children in the Central African Republic this year.

(Reporting By Kieran Guilbert, Editing by Katie Nguyen Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women’s rights, trafficking, corruption and climate modify. Pay a visit to www.trust.org)

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Turkey’s Erdogan says does not want escalation after Russian jet downed

ISTANBUL President Tayyip Erdogan mentioned on Wednesday that Turkey did not want any escalation following it shot down a Russian warplane close to the Syrian border, saying it had just acted to defend its own security and the “rights of our brothers” in Syria.

But whilst neither side has shown any interest in a military escalation, Russia has produced clear it will exact financial revenge by means of trade and tourism. Prime Minister Dmitry Medvedev mentioned on Wednesday that essential joint projects could be canceled and Turkish firms could drop Russian market place share.

The downing of the jet on Tuesday was 1 of the most serious publicly acknowledged clashes between a NATO member and Russia for half a century, and additional complicated international efforts to battle Islamic State militants in Syria.

Russian President Vladimir Putin said the plane was attacked when it was 1 km (.62 miles) inside Syria and warned of “severe consequences” for what he described as a stab in the back administered by “the accomplices of terrorists”.

U.S. President Barack Obama and French President Francois Hollande, looking for to forge a broader alliance against Islamic State soon after attacks in Paris this month, pressed Russia to concentrate on the jihadist group and urged Moscow and Ankara not to let the scenario escalate.

Speaking at a company event in Istanbul, Erdogan mentioned the Russian jet had been fired at while in Turkish airspace but had crashed inside Syria, though he stated parts of it landed in Turkey and injured two Turkish citizens.

“We have no intention of escalating this incident. We are only defending our personal security and the rights of our brothers,” Erdogan mentioned, adding Turkey’s policy in Syria would not modify.

“We will continue our humanitarian efforts on each sides of the (Syrian) border. We are determined to take all required measures to prevent a new wave of immigration.”

Turkey has been angered by Russian air strikes in Syria targeting Turkmens near its border, who are Syrians of Turkish descent. It had repeatedly warned Russia more than airspace violations because October and last week summoned the Russian ambassador to protest against the bombing of Turkmen villages.

Putin has stated Russian planes had in no way threatened Turkey, but had merely been carrying out their duty to fight Islamic State militants inside Syria.

Erdogan dismissed that version of events.

“It has been stated that they had been there to fight Daesh,” he said of Russian air strikes, and utilizing an Arabic acronym for Islamic State.

“First of all, the Daesh terrorist organization does not have a presence in this area of Latakia and the north where Turkmens are primarily based. Let’s not fool ourselves.”

He stated Turkey had made a “massive effort” to stop an incident like the downing of the Russian aircraft, but that the limits of its patience had been tested.

Putin on Wednesday accused Turkey’s political leaders of encouraging the “Islamisation” of Turkish society, some thing he described as a deeper dilemma than the downing of the jet.

Financial REVENGE

German Chancellor Angela Merkel stated the downing of the jet had complex efforts to uncover a political solution in Syria and said everything needed to be completed to stay away from an escalation.

“Of course every country has a right to defend its territory but on the other hand we know how tense the circumstance is in Syria and in the surrounding area,” she told parliament, adding she had asked Turkish Prime Minister Ahmet Davutoglu to “do every little thing to de-escalate the predicament”.

Enhanced tensions could have significant financial and political repercussions which are in neither Moscow nor Ankara’s interests, analysts warned. But each Putin and Erdogan are robust-willed leaders ill-disposed to being challenged.

“If Erdogan becomes involved a cycle of violence, FDI (foreign direct investment), tourism, and relations with the EU and U.S. will all be in jeopardy,” danger analysis firm Eurasia Group mentioned in a note.

“Our bet is that the episode will not escalate … National interest will possibly prevail over emotion, but provided the players, that is not a sure bet.”

Turkey imports practically all of its energy from Russia, like 60 percent of its gas and 35 % of its oil. Russia’s state Atomic Power Corporation (Rosatom) is due to create Turkey’s 1st nuclear power station, a $ 20 billion project, even though plans are on the table for a gas pipeline from Russia known as TurkStream.

Turkish constructing and beverage organizations also have substantial interests in Russia.

Shares in Enka Insaat (ENKAI.IS), which has building projects in Russia and two energy plants in Turkey utilizing Russian gas, fell for a second day on Wednesday. Brewer Anadolu Efes (AEFES.IS), which has six breweries in Russia and controls about 14 % of the market place, also saw its shares fall on Tuesday.

Russians are second only to Germans in terms of the numbers going to Turkey, bringing in an estimated $ four billion a year in tourism revenues. But Russian Foreign Minister Sergei Lavrov on Tuesday advised them not to go to and 1 of Russia’s biggest tour operators to the nation stated it would temporarily suspend sales of trips.

“Erdogan is a tough character, and fairly emotional, and if Russia pushes also far in terms of retaliatory action, I consider there will inevitably be a counter reaction from Turkey (like) tit-for-tat trade sanctions, maybe extending to factors like the Russia nuclear deal,” said Nomura strategist Timothy Ash.

“But I believe there is also a clear understanding that any such action is damaging for each sides, and unwelcome. The ball is in Russia’s court now,” he wrote in a note.

(Additional reporting by Can Sezer and Ayla Jean Yackley in Istanbul Maria Kiselyova in Moscow Paul Carrel and Madeline Chambers in Berlin Writing by Nick Tattersall Editing by Pravin Char)

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Majority of Britons want to leave the EU soon after Paris attacks: opinion poll

LONDON A lot more than half of Britons now want to leave the European Union, according to an opinion poll carried out right after the Paris attacks for the Independent newspaper published.

The ORB survey of 2,000 folks showed 52 percent of British voters wanted to leave even though 48 % wanted to keep. In comparable polls in June, July and September, a majority had wanted to stay in the EU.

Earlier this month, British Prime Minister David Cameron launched his attempt to reform the 28-member bloc ahead of a referendum on no matter whether Britain should stay an EU member, a vote which he has promised will take place by the end of 2017.

A British divorce would shake the bloc to its core, ripping away its second largest economy and a single of its prime two military powers. Pro-Europeans warn an exit from the EU would hurt Britain’s economy and could trigger the break-up of the United Kingdom by prompting yet another Scottish independence vote.

Other polls have shown British support for staying in the European Union fell this year as an influx of migrants into Europe raised concerns about membership.

(Reporting by Guy Faulconbridge editing by Michael Holden)

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I want to acquire a flat that’s best except for one factor – it is leasehold

What’s wrong with buying a leasehold property? Photograph: David Sillitoe for the Guardian

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.

This week’s question:

I’m looking to buy a city centre flat that appears to be perfect in every way – except for one thing – it’s leasehold. My parents have repeatedly warned me not to buy with a lease, but can’t offer any concrete evidence as to why. Are they right – what can possibly go wrong?

Do you have a problem readers could solve? Email your suggestions to money@theguardian.com or write to us at Money, The Guardian, Kings Place, 90 York Way, London N1 9GU