Bill targeting banks over China’s Hong Kong law passes US Senate

first_img‘Upping their game’Elizabeth Rosenberg, a sanctions expert at the Center for a New American Security, called the bill “a very strong step,” adding, “They’re really upping their game and trying out some very powerful new economic tools.”Hong Kong returned to Chinese rule in 1997 under a “one country, two systems” formula that protected its freedoms, including wide-ranging autonomy. But China on Tuesday introduced sweeping national security legislation for the city, condemned by the United States, Britain and other Western countries.British Foreign Secretary Dominic Raab reprimanded HSBC and other firms on Wednesday for supporting the law, saying the rights of Hong Kong should not be sacrificed for bankers’ bonuses.Senior British and US politicians criticized HSBC and Standard Chartered last month after the banks backed the new law.The Chinese security law, which punishes crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison, will see mainland security agencies in Hong Kong for the first time and allows extradition to the mainland for trial.Chinese Foreign Ministry spokesman Zhao Lijian, speaking in Beijing, warned the United States against signing or implementing the bill approved Thursday.”Otherwise China will resolutely and forcefully resist,” he said.The White House did not respond to a request for comment on whether Trump would sign the bill.Fellow Republican Toomey said he had “no doubt” Trump would sign it and that it would be properly enforced. Although the measure allows the president not to impose the mandatory sanctions for national security reasons, it also allows Congress to vote to disapprove if lawmakers feel Trump is misusing the waiver provision.The United States has already begun eliminating Hong Kong’s special status, halting defense exports and restricting the territory’s access to high-technology products. Topics : The US Senate unanimously approved legislation on Thursday to penalize banks doing business with Chinese officials who implement Beijing’s draconian new national security law on Hong Kong, sending it to the White House for President Donald Trump’s signature.The House of Representatives on Wednesday also passed the bill without opposition, a rare example of overwhelming bipartisan support reflecting concern over the erosion of the autonomy that had allowed the former British colony to thrive as China’s freest city and an international financial center.The United States and China have been at loggerheads for months over the handling of the coronavirus pandemic and Beijing’s harsh response to protests in Hong Kong. Washington has also sought to put more pressure on China over mistreatment of Muslim Uighurs in the Xinjiang region. “This is an urgent moment. Our timing could not be more critical,” said Democratic Senator Chris Van Hollen, a lead sponsor of the “Hong Kong Autonomy Act,” in a Senate speech urging support for the legislation.”Through this bill, the US Senate makes clear which side we are on,” said Republican Senator Pat Toomey, a co-sponsor.The bill calls for sanctions on Chinese officials and others who help violate Hong Kong’s autonomy, and financial institutions that do business with those who are found to have participated in any crackdown on the city.Lawmakers said it raced through Congress this week because of China’s recent actions, and to show support for protesters in Hong Kong. Thousands gathered in Hong Kong on Wednesday to demand independence, risking steep prison terms as China said Washington should stop interfering in Hong Kong affairs.last_img read more

Cricket News ICC ran out of patience with Zimbabwe cricket: Flower

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Former batsman Grant Flower says the ICC perhaps wanted Zimbabwe Cricket to be more responsible by suspending them for government intervention but doubted if the global body interpreted the SRC action in true sense. The ICC recently suspended Zimbabwe Cricket for violation of its constitution after the current elected members of the Zimbabwe board were suspended by the Sports and Recreation Committee (SRC).Flower said ICC may have wanted ZC to put its house in order but actually the current board members were “good people”.“I think over time, the ICC have just been worn down by all the corruption, fraud, and the problems with Zimbabwe cricket not being able to get its house in order. Maybe they thought a jolt to their system would make some people realise what was expected of them,” Flower told ESPNcricinfo.“They would have reasoned Zimbabwe needed to understand that at some stage, you’ve got to put your house in order, and we can’t keep propping you up like we have been doing over the years. I can understand the player’s frustrations, but unfortunately with Zimbabwe cricket, it sounds like the ICC have just had enough.”“….We can go back so many years to when things were very badly run. It’s pretty obvious what was happening at the time and the people responsible who were involved. And I think the current crop of players and the interim board, who are really good people, are being punished because the ICC felt they needed to take a stand.”Zimbabwean Cricket has been in turmoil for many years now. In fact, 14 members, including Flower, had walked out of the system in 2004 when then skipper Heath Streak was dismissed for disagreements on racial quotas in the squad.However, things seemed to get better after former Olympic swimmer and Zimbabwe’s most famous sportsperson Kirsty Coventry was appointed Sports minister.Flower said SRC is a public body and he didn’t seem to agree with the way the ICC has interpreted government intervention in this case.“My understanding is the SRC is a public body and not exactly government. I think there’s quite a big difference there and I’m surprised the media hasn’t picked up on that. The SRC now is slightly more transparent,” he said.“Regarding government intervention, it’s curious how the ICC have decided to interpret that. There are other countries where it’s publicly stated that some of the times that certain things will be discussed and decided at government level. So I think there’s quite a big contradiction there from the ICC,” Flower added.Flower believes ICC decision will prevent Zimbabwe from playing cricket altogether.“Even when we were leaving, there were a good bunch of youngsters coming through that could get the country’s cricket going. But that’s not the case anymore, with even the domestic competitions unable to take place.“For it to be stopped until October at the very least, the guys are probably going to go and play in the leagues, seek a future elsewhere to try and look after their families, So yeah, I certainly think this is far worse.”Flower, who is currently working as Pakistan’s batting coach, sympathised with the current crop of players, and the interim board, who have strived to clean up the mess.“The scapegoats are the players and some of the good administrators. I saw this thing on Twitter about Harare Sports club, it’s a beautiful ground and at the moment it’s just going to waste because no one is being paid and the staff have left,” he said.“It is a sad day, and maybe some of the players are going to move on. Most of the players are still quite young, like Brendan Taylor and Kyle Jarvis, who left their county to return to Zimbabwe. They could still ply their trade elsewhere; it’d be a pity it won’t be for their country of birth.” last_img read more

You are in for a shock Louis! Liverpool boss Rodgers issues warning to Man United rival Van Gaal

first_img Louis van Gaal 1 Liverpool boss Brendan Rodgers has warned Louis van Gaal he is in for a big shock when the Premier League season kicks off.Van Gaal has made an encouraging start at Manchester United, with the Dutchman leading his new team to five wins from five pre-season frendlies in America.Rodgers’ Liverpool were among the sides to be beaten by United in the US, but he insists it will be a different story in the league.Van Gaal has had huge success across Europe with the likes of Barcelona and Bayern Munich, but Rodgers reckons the competitiveness of the Premier League will be like nothing he has encountered in his illustrious career.“I think what he’ll find is the competition in this league will be different to any other league that he’s worked in,” the Northern Irishman told several national newspapers.“In a lot of the other leagues, there are one or two teams and those are the teams that are expected to win.“This is a league where the top team plays the bottom team and on any given day you can lose. You don’t get that a lot in the other leagues. I think the competition will probably take him by [surprise], and that’s from foreign managers I have spoken to over the years.”Despite the fierce rivalry between the two clubs, Rodgers also spoke of his admiration for Van Gaal and what he has achieved.“I’ve obviously an admirer of his work and his career,” he added.“He’s a very experienced manager and a very good manager who has worked at some big clubs.“When you come through as a coach, you look at the guys who have a vision and a philosophy, and he was obviously one of those guys.”last_img read more