Sahara Life gets one-week relief from SAT on order to transfer policyholder liabilities

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The Securities Court and Court of Appeals (SAT) has ordered the status quo for a week in the Insurance Regulator Directive to transfer the obligations of the holders of Sahara life insurance policies.

A senior IRDAI official said Sahara life had serious “governance issues” and will give its response in a week. The official added that the company will be transferred after one week. The life of the Sahara did not immediately respond to a letter sent by Moneycontrol.

Friday IRDAI had directed ICICI Prudential Life Insurance to support the life insurance portfolio of the Sahara Life Insurance as of July 31. A sum of Rs 78 million rupees has already been removed from the name of security deposits in Sahara life insurance, according to a report by the director appointed by IRDAI.

RK Sharma, who was appointed director in June to manage the affairs of the insurer, said that the company’s promoters are no longer “suitability”. “The company survives mainly from the release of reserves, but the situation can not last long because the company’s new premium has declined dramatically,” Sharma said in the report.

In a statement released Sunday, Sahara Vida said that, first, IRDAI has not authorized the extension of the branch and now IRDAI claims that companies are not increasing. In addition, the insurer said that the IRDAI appointed an administrator for the most known reasons and that the administrator has secretly submitted a report to the IRDAI to transfer the activity of Sahara life to any other entity.

“Even a copy of the administrator’s report has not been provided to the Sahara life, nor have they had the opportunity to hear a report such as before moving the transfer order of business to a third party.” The company has never acted in a way detrimental to The interests of the insured. The Sahara continue their action against an IRDAI such an approach before the Court of justice, “according to the insurer.

In June, IRDAI had appointed an administrator to look into the affairs of the insurer and, later, had instructed not to write new business. On the basis of certain criteria, some six insurers approached to measure their interest in the purchase of the insured’s liabilities. Among them, ICICI Prudential Life Insurance has given its favorable agreement.

The Sahara group has faced financial problems since its boss Subrata Roy was arrested in 2014 in the case of dupage investors. The Sahara as the investment of an investment fund was canceled by the Stock Exchange Board of India the following year.

On the issue of Rs 78 crore being diverted, Sahara Vida said it was bad concluded. “In fact, this amount was kept as a security deposit with an entity, the Sahara India which provided furnished and computerized premises in about 150 places. Beneficial for the Sahara life.While IRDAI concluded so recklessly.the amount of the deposit is fully refundable from the Sahara life, “he said.

Friday SAT dismissed the Sahara exception against an order from the Indian Stock Exchange Board (SEBI) canceling its investment funds from the license. However, the company had six weeks to go to the Supreme Court. SEBI had said that the mutual fund of the Sahara no longer met the criteria of “appropriate and appropriate” also mentioned by an IRDAI point in its order.

Why India’s sugar production in 2017-18 will leave a bitter taste in the mouth

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While the ISMA trading body has estimated sugar opening values ​​on 10/1/16 in the 77 lakh MT, on the ground, it may not exceed 65 lakh TM. This is the hard truth.

For the 2016-17 season, ISMA has revised its estimated sugar production reduced from 234 lakh lakh TM to 213 MT and now more than 203 lakh TM, which is around 201 lakh TM and maybe just below 203 lakh TM .

ISMA is trying to reduce the sugar scarcity scenario and the precarious situation on the ground to avoid government anger, showing that India has enough sugar.

This was indicated by ISMA even before the season in October 2016. The situation would be worse had there been no import of 5 lakh tonnes of sugar from May to July 2017.

Estimating the final stock of 30-9-17 23 lakh MT and this is equivalent to about 31 days of sugar consumption, which can take care of needs in October 2017.

From November 1, 2017, India could not have sugar to eat, unless Indian factories will begin to crush the last week of October in Maharashtra, Karnataka and UP.

India has learned to have seen consumption of 182 lakh tonnes of sugar during the first nine months ending between 30 and 6-17 and there is a stock of 69 lakh tonnes of sugar as 01/07/17 reported by the media .

In return, estimated consumption for 3 months ending between 30-9-17 was observed at 66 lakh tonnes, due to the festive season that followed and stock settlement occurred due to the GST transition.

This gives even more gloomy situation for October 17 that was not considered and was based here.

In return, looking for an available stock of 23 lakh tons of sugar, 30-9-17, can meet consumption for the month of octobre17 single; This month risk of higher sugar consumption as Independence Day, the most important season for sugar consumption falls on October 19 this year.

UP: Sugar production of 88 lakh TM for the 2016-17 season, growing by more than 29%, compared to the 68 lakh MT observed last season.

Maharashtra and Karnataka sugar production fell by more than 42% this season compared with last season, with Maharashtra saw 42 lakh tonnes and 20.60 lakh tonnes in Karnataka. .

TN, AP, Telangana: sugar production this season is lower by about 25% on average, v / s season dernière.TN should show a production of 10.50 lakh tonnes, while AP and Tealnagan 6 lakh tonnes.

The free sugar mill price in Tamil Nadu now exceeds Rs.1.50 per kg. During UP ex mill, which otherwise had always used to reign up to Rs.1.50 / kg, as there is no significant stock of sugar in Tamil Nadu.

TN experiencing a great shortage of water, with Gob. After having allocated water for priority purposes such as alcohol, livestock, coconut farming and sugar cane.

Therefore, TN will not see the output of more than 2 lakh MT sugar second season 2016-17, which began in June 2017. Even in the current monsoon, since the date was met with a deficit of about 27% up That date, which also Aura strong impact on production next season.

Therefore U.P. Sugar mills, which hold good pieces of sugar, recorded the best results that have been made during the year 16-17, so that the record could be broken by a financially performing companies to record up to exercise 17-18 .

Closing bell: Sensex soars 205 pts, Nifty ends above 10,050; SBI rises 4.5%

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15:30 Market closure: The market has increased sharply sharply, with the Sensex increased by 205.06 points and 514.94 32 Nifty increased by 62.60 points 10,077.10, with shares of banks, oil, breach and technology.

However, market amplitude was negative for approximately 1,442 stocks declined versus 1264 stocks advanced on BSE.

Indian state bank rose 4.5% after the bank has cut the deposit savings rate.

15:27 Infibeam chimney: the stock rose 8 percent after Snapdeal calls Flipkart the merger to continue its independent path.

Modify 15:25 in the market: Equity contacts were opened in the afternoon trading, the Sensex increased by 211.58 points and 521.46 32 Nifty rose 66, 55 points and 10 081.05 despite a weak market .

14:45 buzz: iron ore producer NMDC and Vedanta Shares have gained 4.5 percent intraday after the rally on long-term iron ore contracts.

Iron ore futures in China have continued to move upwards. Stock futures contracts reached a top 8 percent and trade in a new four-month high.

Incorporated in 1958, NMDC State participated in the exploration of a wide range of minerals including iron ore, copper, phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond sands, tin, tungsten, graphite, To the beach, etc.

NMDC is the largest iron ore producer in India, which currently produces iron ore from its three fully mechanized mines in Chhattisgarh and two in Karnataka state.

Vedanta is India’s largest privately owned iron ore producer, including iron ore operations in Goa, Karnataka and Liberia.

14:26 The analyst’s decision to reduce the savings rate by OSE Jimeet Modi, CEO of SAMCO Valores, said that the OSE, unlike its private sector peers, offering simple savings accounts for public sector customers with costs And is highly dependent on the interest income of this floating arrangement.

2:20 pm Market Update: BSE Sensex 30 shares rose 144.83 points 32 454.71 and the NSE Nifty 50 shares rose 38.05 points to 10 052.55.

The market amplitude was negative for approximately 1,314 stocks declined against stocks 1278 advanced on BSE.

14:02 Interview: 60 percent of non-microfinance book institutions (IMF) increased 36 percent in the first quarter, according to PN Vasudevan, MD and CEO, Equitas Small Banking Finance.

He also said gross non-productive book (NPA) assets other than MFIs remained stable at 4.5 to 4.6%.

On the front of the farm loans, he said that MFI loans are not part of the agricultural loan exemption announced in Maharashtra.

Speaking of expansion, he said that the expansion of the industry has led to an increase in operating costs. However, a significant expansion of the branch of approximately 12 to 18 months is not expected, he added.

He said that loan rates on new products are lower.

Better return on assets (ROA) is expected due to a healthy profile of new products. Equitas has made additional provisions in the first quarter of Rs 23 crore.

13:42 buzz: Shriram Transport Finance Q1 rose 20% over last year to Rs 448.7 crore Rs 374.1 crore.

Total revenues increased by 7.9 percent to Rs 2,898.4 crore compared to Rs 2,686.7 crore compared to the previous year.

At 13:42, IST, the quoted value at Rs 999.55, or Rs 29.85, or 3.08% on BSE.

1:22 p.m. Profits: Shree Cement’s first quarter earnings fell 13.3 percent to R440.1 crore compared to Rs 507.7 crore earlier this year, despite a lower tax rate. Weak operating performance has affected profitability, but revenue yield.

HSBC profit rise by 5%, announces $2 billion share buyback

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Said HSBC Holdings PLC Monday that earnings rose 5% during the six months of June and announced its third repurchase for a year, indicating continued progress on the six-year recovery plan of Europe’s largest bank.

HSBC, like many global banks, spent years in the 2008 financial crisis by expanding its empire with a series of acquisitions. Recent years have seen reduced employment and the sale of assets around the world to reduce the group to profitability and keep dividend payments tight.

Bank CEO Stuart Gulliver and President Douglas Flint retire, leaving a legacy of improving revenue and returning more capital to shareholders, focusing on cutting the bank’s empire and targeting Asia.

The latest stock repurchase of up to 2 billion, occurs when HSBC uses the excess capital to offset the dilution effect of dividend paid shares. A previously announced $ 1 billion repurchase was completed in April.

“The return on equity is because the company is very rewarding, very profitable … the dividend is 51 cents for the foreseeable future,” Finance Director HSBC Iain Mackay said Monday.

The takeover, once completed, will amount to the buyback of HSBC shares from the second half of 2016 to 5.5 billion dollars.

Listed shares of Hong Kong Hong Kong Stock Exchange rose to 3 percent after the announcements, which has increased revenues by about 1 percent in morning trading, while the overall market was trading 1 percent.

“Over the past 12 months we have paid more dividends than any other European or American bank and spent $ 3.5 billion on shareholders by repurchasing shares,” Gulliver said.

HSBC has maintained its dividend payout ratio higher than many competitors in recent years, including last year, as a slowdown in banks’ earnings growth has led rivals such as Standard Chartered PLC to remember payments.

HSBC dividends amounted to $ 10.1 billion in 2016, 10 billion in 2015 and 9.6 billion in 2014.

For the half year through June, pre-tax earnings amounted to $ 10.2 billion, compared with $ 9.7 billion for the same period last year, compared with the average estimate of 9.5 billion extracted from analysts Consulted by the bank.

The bank also said its equity capital ratio of 1 to 1 measure of financial strength – was 14.7 percent at the end of June, up 14.3 percent three months earlier and a 12.1 percent early of this year.

The ratio is expected to rise as the bank repatriates about $ 8 billion at its US subsidiary, following last year’s approval by the US Federal Reserve.

China Venture

The bank, which accounts for more than half of its earnings in Asia – most of Hong Kong and China – said pre-tax earnings in Asia rose 7% in the first half to $ 7.6 billion, due Mainly to asset management and Hong Kong insurance income.

HSBC obtained approval last month from China to create a joint investment banking joint venture with a state-backed fund, ending a 20-month wait, making it the first company of its kind in China to be Majority ownership of a foreign bank.

The company will enable HSBC to grow in the second world economy, and is at the heart of its ambition to increase profits from the pearls of the fast-growing river delta region.

1993 Mumbai blasts: Abu Salem, 5 others convicted; 1 acquitted

1993 Mumbai blasts: Abu Salem, 5 others convicted; 1 acquitted
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1993 Mumbai blasts: Abu Salem, 5 others convicted; 1 acquitted

MUMBAI: Twenty-four years after 12 blasts rocked the city killing 257 and left 713 seriously injured, a special court of the Terrorism and Disruption Act condemned six of the seven defendants, including Abu Salem and Mustafa Dossa, on Friday.

At the pier is a second batch of defendants, tried by special judge Govind Sanap A, after the main trial of 123 defendants ended in 2006 with the conviction of 100.

The court scheduled the next hearing June 19 (Monday) to decide the date of the quantum dispute.

Read this story in Maratí
Other convicts include Feroz Khan Taher Merchant, Riyaz Siddiqui, Karimulla Khan. The court issued the sentence after hearing the arguments of the defense and the prosecution. Of the six convicted by Tada’s court, only five face the gallows.

Riyaz Siddiqui enters the only life sentence because he is not guilty of criminal conspiracy.

Abdul Qayyum Shaikh, who was acquitted by the court, would have weapons and ammunition sent abroad that landed at Jerry Dighi. He also sold a Sanjay Dutt revolver in September 1992.

Special IWC representative Deepak Salvi said that the trial of the seven detainees between 2003 and 2010 was to be separated as they were shaken after a substantial part of the previous test was completed.

With no other defendant currently detained, Friday’s verdict was the last in the case for the time being. Thirty-three defendants flee, including key conspirators Dawood Ibrahim, his brother Anees Ibrahim, brother of Mustafa Mohammed Dossa and Tiger Memon.

Salem was extradited from Portugal in November 2005. His confession led to the arrest of Siddiqui and Shaikh. Mustafa was appointed in 1995 by a co-accused and arrested in 2003 after arriving in Delhi from Dubai.

The IWC presented the planned attacks to avenge the demolition of Babri Masjid December 6, 1992 and the following riots.

Taher (60) also experienced less predominance. A resident of Kambekar Street in central Mumbai, who grew up Dawud and his brothers, and is said to be with Don confidence.

It would have motivated the partners to organize Mumbai men to train to handle the weapons and ammunition in Pakistan.

Taher is also accused of raising funds to acquire weapons and ammunition. Abu Dhabi was extradited in 2010. The 12 coordinated attacks 13: 30-15: 40 on March 12, 1993, from 15 meetings planned through the UAE and India, property also destroyed value of Rs 27 million rupees.

Special IWC representative Deepak Salvi told the court in his first argument that “it was the first terrorist attack in the world in which large-scale RDX was used after World War II.”

Special judge SANAP resumed trial in 2011 and the procedure was concluded in March this year.

The trial was adjourned after the defendant and prosecutor moved the court at the apex challenging various legal aspects. Rizwan Merchant’s two-judge lawyer questioned the applicability of the bulky evidence of 686 witnesses to the previous test.

Pratibha Patil, Kalam key points in BJP-Cong talks on presidential poll

Pratibha Patil, Kalam key points in BJP-Cong talks on presidential poll
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Pratibha Patil, Kalam key points in BJP-Cong talks on presidential poll

The electoral context of two former presidents Pratibha Patil and APJ Abdul Kalam were the main points of discussion between the leaders of the National Democratic Alliance (NLD) Narendra Modi and Congressional President Sonia Gandhi on Friday.

Sources said Union ministers Venkaiah Naidu and Rajnath Singh emphasized that the congressional-led government had not consulted the opposition but continued the Patil nomination in 2007.

The incident went so far as to counteract earlier allegations of opposition that the Modi government did not speak to them.

During the meeting, some unfortunate allegations were also opposed by Patil’s husband.

Naidu and Singh spoke with the congress president at his 10 Janpath residence for half an hour.

At the meeting, Naidu and Singh also reminded the president of Congress as APJ Abdul Kalam was elected in 2002 as a consensus option to Prohibit the Left, which has its own candidate.

Presidential vote: Venkaiah Naidu BJP talks to Sharad Pawar, TDP leader

The president can not be a rival for the Prime Minister or his puppet
Sources said Naidu explained the purpose of the meeting: to know the opinion of the opposition parties to the prime minister and party leader to choose a candidate.

Government citations also said that the views of Congress would be “to seriously consider”.

The two sides have not discussed names of potential candidates.

Singh and Gandhi Naidu would have asked if he had a candidate in mind, but being elusive. Congress argued that it was not necessary for the NDA to conduct interviews with them without revealing the name of their election to the presidential candidate.

“There is no question of reaching consensus when they gave no name. We can talk about it with our allies and other political party leaders only if names are given,” said party leader Mallikarjun Kharge.

Gandhi had met with PCI (M) General Secretary Sitaram Yechury a few minutes before Naidu and Singh – part of a three-member group composed of BJP President Amit Shah to negotiate with other parties – is abandoned .

The panel must meet Yechury his party office in the afternoon.

Government involvement prevented opposition parties from finalizing a presidential candidate at a meeting on Wednesday.

According to sources, the NDA is trying to win Sharad Pawar from the Nationalist Congress Party (NCP) of the opposition camp.

One day after speaking with Praful Patel party leader Naidu called for a meeting with Pawar on Thursday. Veteran Maharashtra responded by saying that he will be in Delhi for a few days for further talks.

With only 20,000 votes to be learned from elsewhere, the Narendra Modi government seems poised to push its candidate into Rashtrapati Bhavan in the next poll.

The presidential election will be held on July 17 and the votes will be counted three days later.

Science Leader No More? China Challenges US Dominance

Science Leader No More? China Challenges US Dominance
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Science Leader No More? China Challenges US Dominance

The United States continues to lead the world in scientific research, at least by publishing the majority of biomedical studies in leading journals and losing more money in R & D.

But that may not be the case for a long time, said a group of scientists in an opinion piece published today (June 15) in JCI Insight magazine.

US dominance in the scientific world is gradually declining, researchers found, largely because China has invested large sums of money in science in the past two decades.

In 2015, China’s biomedical research teams ranked the number 4 in the list of 10 for the total number of new findings published in six first-line journals, according to the researchers. In 2000, China was not even among the top 10 on this list (at 14 o’clock), the researchers reported.

In addition, China spent 75 percent of what the US Has spent a total of R & D in 2015, according to the researchers. In 2000, China spent only 12 percent of what the United States spent, which they found.

However, future research could be collaborative. More scientists in the United States and around the world are making new discoveries and advancements in working with international partners, according to researchers.

To get a better idea of the most advanced countries in the scientific world, the researchers studied six major journals (JAMA, Lancet, New England Journal of Medicine, Cell, Nature and Science) and four 2000 mid-range journals in 2015. The researchers also Analyzed R & D investments in each country of this period.

Over the past 15 years, research funds in the United States, Canada, Australia, the United Kingdom and other European countries have stagnated, while China funds has increased significantly, noted searchers.

In 2015, the first 10 slots for the publication of biomedical research articles in top-level journals are destined for the United States, the United Kingdom, Germany, China, France / Japan Switzerland, Canada, the Netherlands, Australia and Korea South / Sweden / Italy.

Meanwhile, the first 15 countries that spent more on biomedical R & D were the United States, China, Japan, Germany, France, the United Kingdom, Canada, Australia, Italy, Spain, the Netherlands, Sweden, Switzerland, South Korea and Singapore.

These analyzes show that South Korea and Singapore are high on the list, according to the researchers.

The results suggest that the United States may one day move to its leading position in the world of scientific and medical research, the study authors said.

“It’s time for US politicians to reflect and decide whether the year-to-year uncertainty in the National Institutes of Health budget [NIH] and cuts are in our best social and national interest” said lead research piece, opinion “Said Dr. Bishr Omary, the Michigan Medical Director of Medicine at the University of Michigan in a statement.

The current road America could discourage the next generation of brilliant American minds from engaging in science, Omary said.

“If we continue down the road we lead, it will be more difficult to maintain our advantage and, more importantly, we want to disillusion the next generation of living biomedical scientists and enthusiasts who see a limited future in the search for a scientist or doctor – career Of investigator, “he said. [Creative genius: the brightest minds in the world]

The researchers carried out the study, as they wonder if the NIH budget, at least until 2015, would affect United States position in the world, they said.

During their research, they discovered that although the Chinese scientists who formed the United States used to work here, they now return to China after the end of their education.

In addition, Singapore recruits the best scientists in the United States and in other countries, now that the country is going to spend more on R & D, the authors of the study noted.

ICC Champions Trophy 2017: Kedar Jadhav eclipsing R Ashwin, Ravindra Jadeja against Bangladesh must worry India

ICC Champions Trophy 2017: Kedar Jadhav eclipsing R Ashwin, Ravindra Jadeja against Bangladesh must worry India
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ICC Champions Trophy 2017: Kedar Jadhav eclipsing R Ashwin, Ravindra Jadeja against Bangladesh must worry India

There were some balls in waiting point for delivery. The lack of races has stifled the batters. The off-spinner rips the ball in his hand, while waiting at the top of his mark. This is the last ball in the middle of a tournament, and a throw-free throw is released on the cards.

The launcher waits for battery to send his delivery outside Edgbaston. But effortlessly, it simplifies, as it has done during the last 11 installments for its younger spell so far. It does not provide a place and does not pour down. The duration is not too ambitious. It is not too crowded or short. The stem of the ball, with only the wood as a target.

The left-hander Tamim Iqbal adheres to the script and moves to the position for the scan. However, the simplicity of delivery overwhelms the shooting attack. The ball rolled around the window, the bat beats and hit the target. The pitcher is in ecstasy. Run to celebrate the dismissal of Tamim set for his captain Virat Kohli.

Ravichandran Ashwin and Ravindra Jadeja were not effective against Bangladesh on Thursday. Ravindra Jadeja and Ashwin APRavichandran were not effective against Bangladesh on Thursday.

The Rising could and should have been Ashwin R. Instead, it is Kedar Jadhav. Jadhav just drinking in domestic cricket and is on the team for his batting ability. But on Thursday, Kohli threw the ball in the hope that doing the job, team leader R Ashwin could not.

A few off and more points later, the pressure stacks. Now it was time for Mushfiqur Rahim to attempt a jailbreak. He jumped in the fold, turned another simple Jadhav delivery in all its heyday and won directly to Kohli in the middle of the gate.

Mushfiqur was the other batter from Bangladesh who settled in the center. It was the other half of the association with Tamim threatening.

And like Tamim, Jadhav had shown him the way to the pavilion as well. With these movements, the fate of the game had been turned into cartridges. The course of Jadhav had finally pushed the Ashwin split and the lack of impact in the shadows.

Ashwin had a glorious Cricket season at home. The best drummers in the world have become disoriented, unable to decode Ashwin’s intelligence.

We expected it to be the puzzle of India, that opponents are struggling to solve the Champions Trophy as well.

But layers that work with cherry red may not produce the same success with the white ball. Ashwin had a decent one-day series against England in January, but it was too short to warm up during a global event.

After physical problems, which forced him to sit outside the IPL, his place in the XI game of the first matches of the Champions Trophy was not sure.

The surprise defeat Sri Lanka meant that India has asked their test spinner for their match against South Africa. And he made an immediate impact by packing Hashim Amla to win the first match hit of India.

The pacens took from the beginning that it had provided to the group AB of Villiers & Co. to a lower cost, while another escaped pork Ashwin.

But the captain has supported Ashwin. Warmed up after his first competition match, the team awaits him to take a tour of Bangladesh.

After Bhuvneshwar Kumar has tried two shots early, the stage was lit by Ashwin Shiny.

Instead, Tamim and Mushfiqur thrived on Ashwin’s variations. The pressure could not be established while the Indian off-spinner varied length, line and type of delivery in order to escape the batsans in exchange for consistency.

Ashwin is a clever pitcher, whose variations make it difficult to achieve in test cricket with men around the bat and increasing support surfaces. But door-to-door meals Cricket times require simplicity to Kedar Jadhav.

The need for consistency when he felt more Tamim became so comfortable against Ashwin played with his bowls at will.

China’s Quantum Satellite Dispatches Transmissions Over a Record Distance of 1,200 Kilometres

China's Quantum Satellite Dispatches Transmissions Over a Record Distance of 1,200 Kilometres
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China’s Quantum Satellite Dispatches Transmissions Over a Record Distance of 1,200 Kilometres

A Chinese satellite sent quantum transmissions over a distance of 1,200 km (746 miles), twelve times as far as the previous record, a breakthrough in technology that could be used to provide secure messages, the state media said Friday.

China launched the world’s first quantum satellite in August to help establish “pirate” communications between space and land, according to state media at the time.

The feat opens up “good prospects” for quantum communications, said Pan Jianwei, chief scientist of the Chinese team, quantum space experiments (Quess), according to Xinhua news agency.

Scientists have exploited the phenomenon of quantum entanglement, in which a particle can instantly affect a distant twin, exceeding a certain long distance between them, a situation called “distant action of fear” by the award-winning physical physicist Nobel Albert Einstein, to Xinhua added.

The team was able to distribute pairs of interlaced photons over 1200 km, he said, exceeding the distance of 100 km (62 miles), where the plot had been achieved.

The technology so far is “the only way to establish secure keys between two distant places on earth without relying on reliable relaying,” Pan Xinhua said, referring to encrypted messages.
The new development “illustrates the possibility of a future global quantum communication network,” said Science magazine, which published the results of the Chinese team on its site.

China is still behind the United States and Russia in the field of space technology, although President Xi Jinping prioritized the advancement of its space program, citing national security and defense.

China insists its space program is for peaceful purposes, but the United States Department of Defense showed its growing spatial capabilities, saying it pursued activities aimed at preventing opponents from using space-in-crisis resources.

The launch of China’s first quantum experimental satellite was a “remarkable progress in cryptography research,” the Pentagon said this month.

Malcolm Turnbull faces fresh leak after calling China a ‘frenemy’

Malcolm Turnbull faces fresh leak after calling China a ‘frenemy’
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Malcolm Turnbull faces fresh leak after calling China a ‘frenemy’

MALCOLM Turnbull would have called China “frénemie” Australia at a public event in Sydney.
The report comes a day after the appearance of US President Donald Trump’s “off-the-record” mime appearance in Parliament’s assembly hall from noon to noon.

Mr. Turnbull commented on China at a public event in Sydney last October, Fairfax Media reported today.

It was revealed today amid growing concern about China’s influence on Australian politics and a series of tougher public comments by the prime minister on the Asian giant in recent weeks.

Australian Prime Minister Malcolm Turnbull, who is shown with Chinese Prime Minister Li Keqiang would have called China “frénemie” Australia at a public event in Sydney. Image: AAP

Australian Prime Minister Malcolm Turnbull, who is shown with Chinese Prime Minister Li Keqiang would have called China “frénemie” Australia at a public event in Sydney. Image: AAPSource: AAP

The comment, which means that someone who seems to be out in favor despite the underlying rivalry to a scenario would not be observation made in a pre-dinner drink session.

“You mean our friend-foe,” said Mr. Turnbull when the issue of the militarization of Beijing’s artificial islands in the South China Sea rose in the event.
It is taken as another sign that the position of the Australian government in China is stronger.

The Office of the Prime Minister has not commented on its use of the word “friend-enemy”.
Australian Prime Minister Malcolm Turnbull with Chinese Premier Li Keqiang during a game of the Australian Football Federation earlier this year.

Australian Prime Minister Malcolm Turnbull with Chinese Premier Li Keqiang during a game of the Australian Football Federation earlier this year.

Last month, Mr. Turnbull used an important speech at the Shangri La Security Summit in Singapore to warn China against the intimidation of its smaller neighbors.

“A coercive China found its neighbors feel of applications that give up their autonomy and strategic space, and try to counter Beijing to strengthen alliances and partnerships between them and especially with the United States,” said M. Turnbull.

He also commented on the conflict in the South China Sea, saying: “Maintaining the rule of law in our region, respect for the sovereignty of nations large and small is the key to peace and continued stability.”

Malcolm Turnbull is also facing a backlash over his identity Donald Trump. Image: Kym Smith
Malcolm Turnbull is also facing a backlash over his identity Donald Trump. Image: Kym SmithSource: News Corp Australia

Meanwhile, Beijing has responded to recent reports of China’s influence on Australian politics with scorn.
Chinese Ambassador to Australia, Cheng Jingye, said yesterday that the report had been “made in the air.”

“I have heard these accusations more than once since I was assigned here – in Chinese, we call it cooked rice during the night, which means repeating the same things over and over,” said M. Cheng at a Business Council event Australia-China in Parliament.

Chinese Ambassador to Australia Cheng Jingye reacted angrily to statements about China’s influence on Australian politics.

Chinese Ambassador to Australia Cheng Jingye reacted angrily to statements about China’s influence on Australian politics.

“Perhaps the producers of the program believe that these baseless accusations can prove the truth after being repeated several times.

“Those who made these accusations really have an imagination that is wild and morbid.”