Canada strips Myanmar's Aung San Suu Kyi of honorary citizenship
The parliament of Canada has unanimously voted to strip Myanmar's leader Aung San Suu Kyi of her honorary citizenship over her handling of the Rohingya crisis.
Thursday's vote came a week after Canadian MPs approved a motion recognising the crimescommitted against the Rohingya as genocide.
Aung San Suu Kyi received the honour from Ottawa in 2007, when she was a democracy advocate under long house arrest. But the Myanmar leader has been under fire for her failure to condemn the military campaign that has driven more than 700,000 Rohingya into neighbouring Bangladesh in what the UN human rights chief called "a textbook example of ethnic cleansing".
Canadian parliament's decision to revoke the symbolic honour was due to a "persistent refusal to denounce the Rohingya genocide", said Adam Austen, spokesman for Foreign Minister Chrystia Freeland.
"We will continue to support the Rohingya by providing humanitarian assistance, imposing sanctions against Myanmar's generals and demanding that those responsible be held accountable before a competent international body," said Austen.
MP Gabriel Ste Marie, who proposed the motion, told reporters he thought the vote was "a great symbol".
Member of Parliament Salma Zahid called Aung San Suu Kyi's "unwillingness to take any moral leadership ... inexcusable, and deeply disappointing".
Parliament just unanimously agreed to revoke the honorary Canadian citizenship of Myanmar’s Aung San Suu Kyi. Her unwillingness to take any moral leadership for the genocide of the Rohingya in her country is inexcusable, and deeply disappointing.
— Salma Zahid (@SalmaZahid15) September 27, 2018
Rights organisations have accused Myanmar military of committing extrajudicial killings, gang rape and arson during their bloody campaign launched in August last year after army posts came under attack from Rohingya fighters.
Hundreds of thousands of Rohingya now live in cramped refugee camps in Bangladesh, fearful of returning home despite a repatriation deal.
Andrew Leslie, Minister Freeland's parliamentary secretary, said "the machinery of government will chew over the details of what specifically is required to implement" the motion.
Only five other individuals have ever been given honorary citizenship in Canada, including the Dalai Lama, Malala Yousafzai and Nelson Mandela.
SOURCE: AL JAZEERA AND NEWS AGENCIES
Courtesy: www.aljazeera.com
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Gold declines Rs 1,100 to Rs 1.64 lakh/10g; silver slips to Rs 2.71 lakh/kg
New Delhi (PTI): Gold prices declined Rs 1,100 to Rs 1.64 lakh per 10 grams in the national capital on Friday as traders booked profits at elevated levels for the second straight session, while silver also slipped to Rs 2.71 lakh per kilogram.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated Rs 1,100, or nearly 1 per cent, to Rs 1,64,100 per 10 grams (inclusive of all taxes).
Silver also fell Rs 600 to Rs 2,71,700 per kg (inclusive of all taxes) in the bullion market.
Analysts said traders locked in gains after the recent sharp rally in precious metal prices, even as global trends remained mixed.
"After opening with a gap up earlier in the week, both gold and silver gradually declined this week as a stronger US dollar and rising Treasury yields, along with reduced expectations for interest rate cuts by Federal Reserve, outweighed safe-haven demand stemming from the escalating Middle East conflict," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
He added that investors continued to exit gold-backed exchange traded funds (ETFs) this week, indicating softer investment demand.
"ETFs reduced their gold holdings by 93,479 troy ounces in the latest session, marking the fourth consecutive day of outflows -- the longest losing streak since February 6," Gandhi said.
However, in the international markets, bullion prices were trading higher on renewed safe-haven demand, with spot gold gaining USD 14.70, or 0.29 per cent, to USD 5,095.81 per ounce, while silver increasing 1.4 per cent to USD 83.40 per ounce.
Traders said escalating tensions in the Middle East continued to support precious metals, though profit-booking limited gains in the domestic markets.
"Gold and silver prices experienced notable fluctuations on Friday, driven primarily by ongoing geopolitical tensions in the Middle East and robust safe-haven buying," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
These precious metals are gaining traction as investors seek refuge amid market volatility and rising crude oil prices, which surged to over USD 80 per barrel following the closure of Strait of Hormuz, a key global shipping route, raising concerns about supply disruptions.
"The US stock market reacted negatively, with major indices like the Dow Jones and S&P 500 witnessing significant declines, further fuelling interest in gold and silver," Garg added.
Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said investors are closely monitoring crucial macroeconomic indicators, including the unemployment rate and non-farm payrolls numbers scheduled to be released later in the day.
