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Key Roles Of Metal Brackets In Manufacturing And Future TrendsAlarm grew in France on Friday over the fate of a prominent French-Algerian novelist detained in the country of his birth, with his publisher urging his immediate release and President Emmanuel Macron closely following the case. Boualem Sansal, a major figure in francophone modern literature, is known for his strong stances against both authoritarianism and Islamism as well as being a forthright campaigner on freedom of expression issues. His detention by Algeria comes against a background of tensions between France and its former colony which have also appear to have spread to the literary world. The 75-year-old writer, granted French nationality this year, was on Saturday arrested at Algiers airport after returning from France, according to several media reports including the Marianne weekly. The Gallimard publishing house, which has published his work for a quarter of a century, in a statement expressed "its very deep concern following the arrest of the writer by the Algerian security services", calling for his "immediate release". There has been no confirmation from the Algerian authorities of his arrest and no other details about his situation. Macron is "very concerned by the disappearance" of Sansal, said a French presidential official, asking not to be named. "State services are mobilised to clarify his situation," the official said, adding that "the president expresses his unwavering attachment to the freedom of a great writer and intellectual." A relative latecomer to writing, Sansal turned to novels in 1999 and has tackled subjects including the horrific 1990s civil war between authorities and Islamists. His books are not banned in Algeria but he is a controversial figure, particularly since making a visit to Israel in 2014. Sansal's hatred of Islamism has not been confined to Algeria and he has also warned of a creeping Islamisation in France, a stance that has made him a favoured author of prominent figures on the right and far-right. Prominent politicians from this side of the political spectrum rushed to echo Macron's expression of concern for the writer. Centre-right former premier and candidate in 2027 presidential elections Edouard Philippe wrote on X that Sansal "embodies everything we cherish: the call for reason, freedom and humanism against censorship, corruption and Islamism." Far-right figurehead Marine Le Pen, another possible 2027 contender, said: "This freedom fighter and courageous opponent of Islamism has reportedly been arrested by the Algerian regime. This is an unacceptable situation." In 2015, Sansal won the Grand Prix du Roman of the French Academy, the guardians of the French language, for his book "2084: The End of the World", a dystopian novel inspired by George Orwell's "Nineteen-Eighty Four" and set in an Islamist totalitarian world in the aftermath of a nuclear holocaust. His publisher said that Sansal's novels and essays "exposed the obscurantisms of all kinds which are tragically affecting the way of the world." The concerns about his reported arrest come as another prominent French-Algerian writer Kamel Daoud is under attack over his novel "Houris", which won France's top literary prize, the Goncourt. A woman has claimed the book was based on her story of surviving 1990s Islamist massacres and used without her consent. She alleged on Algerian television that Daoud used the story she confidentially recounted to a therapist -- who is now his wife -- during treatment. His publisher has denied the claims. The controversies are taking place in a tense diplomatic context between France and Algeria, after Macron renewed French support for Moroccan sovereignty over the disputed territory of Western Sahara during a landmark visit to the kingdom last month. Western Sahara, a former Spanish colony, is de facto controlled for the most part by Morocco. But it is claimed by the Sahrawi separatists of the Polisario Front, who are demanding a self-determination referendum and are supported by Algiers. Daoud meanwhile has called for Sansal's release, writing in the right-wing Le Figaro: "I sincerely hope that my friend Boualem will return to us very soon", while expressing his bafflement in the face of the "imprudence" that Sansal allegedly showed in going to Algeria. dax-vl-sjw/giv
NEW YORK, Dec 13 (Reuters) - A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on interest rate cuts. The Nasdaq Composite index (.IXIC) , opens new tab breached 20,000 for the first time ever in the past week, another milestone for equities in a year during which the tech-heavy index has gained 32% while the S&P 500 (.SPX) , opens new tab has risen about 27%. Expectations that the Fed will cut interest rates have supported those gains. But while the central bank is expected to lower borrowing costs by another 25 basis points next week, investors have moderated their bets on how aggressively policymakers will move next year due to robust economic growth and sticky inflation. Bond yields, which move inversely to Treasury prices, have risen in recent sessions as a result, taking the benchmark U.S. 10-year yield to a three-week high of 4.38% on Friday. While stocks have pushed higher despite the rise in yields, the 10-year is approaching the 4.5% level some investors have flagged as a potential trip-wire for broader market turbulence. "Anything that results in an expectation that maybe the Fed moves even more slowly from here than investors were expecting could create a little bit of downside for stocks," said Jim Baird, chief investment officer with Plante Moran Financial Advisors. The trajectory of monetary policy is closely monitored by investors, as the level of rates dictates borrowing costs and is a key input in determining stock valuations. Interest rate expectations also sway bond yields, which can dim the allure of equities when they rise because Treasuries are backed by the U.S. government and seen as virtually risk-free if held to term. Fed fund futures indicated a 96% chance the Fed will cut by 25 basis points when it gives its policy decision on Wednesday, according to CME FedWatch data as of Friday. But the path for rates next year is less certain. Fed fund futures are implying the rate will be at 3.8% by December of next year, down from the current level of 4.5%-4.75%, according to LSEG data. That is about 100 basis points higher than what was priced in September. The Fed's summary of economic projections released at the meeting will provide one indication of where policymakers see rates heading. Officials penciled in a median rate of 3.4% for the end of next year when the summary was last released in September. One sign of potential support for a slower pace of cuts came from Fed Chair Jerome Powell , who this month said the economy is stronger now than the central bank had expected in September. Another factor that could make Fed officials more cautious about future cuts is the presidential election of Donald Trump, whose pro-growth economic policies and favoring of tariffs are causing concerns about stronger inflation next year. Analysts at BNP Paribas said they expect a "hawkish cut," with the central bank likely to "open the door for a pause in further cuts of undefined length." Carol Schleif, chief market strategist at BMO Private Wealth, said markets "will be trying to read into how worried is the Fed about inflation." November data released in the past week showed progress in lowering inflation toward the U.S. central bank's 2% target has virtually stalled. Still, analysts say the market's momentum favors more gains into year end, while sentiment among investors in surveys remains bullish - though some market technicals suggest the rally in stocks may have grown stretched. The percentage of Nasdaq constituents hitting 52-week highs has declined since the rally after the Nov 5 election, implying fewer stocks are supporting the advance, Adam Turnquist, chief technical strategist for LPL Financial, said in a note on Thursday. “History suggests the tech-heavy index could be due for a breather before longer-term momentum resumes,” Turnquist said. Sign up here. Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and Nick Zieminski Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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https://arab.news/4tkbz UNITED NATIONS: The UN General Assembly on Wednesday overwhelmingly adopted a resolution calling for an immediate and unconditional ceasefire in Gaza, a symbolic gesture rejected by the United States and Israel. The resolution — adopted by a vote of 158-9, with 13 abstentions — urges “an immediate, unconditional and permanent ceasefire,” and “the immediate and unconditional release of all hostages” — wording similar to a text vetoed by Washington in the Security Council last month. At that time, Washington used its veto power on the Council — as it has before — to protect its ally Israel, which has been at war with Hamas in the Gaza Strip since the Palestinian militant group’s October 7, 2023 attack on Israel. It has insisted on the idea of making a ceasefire conditional on the release of all hostages in Gaza, saying otherwise that Hamas has no incentive to free those in captivity. Deputy US Ambassador Robert Wood repeated that position Wednesday, saying it would be “shameful and wrong” to adopt the text. Ahead of the vote, Israel’s UN envoy Danny Danon said: “The resolutions before the assembly today are beyond logic. (...) The vote today is not a vote for compassion. It is a vote for complicity.” The General Assembly often finds itself taking up measures that cannot get through the Security Council, which has been largely paralyzed on hot-button issues such as Gaza and Ukraine due to internal politics, and this time is no different. The resolution, which is non-binding, demands “immediate access” to widespread humanitarian aid for the citizens of Gaza, especially in the besieged north of the territory. Dozens of representatives of UN member states addressed the Assembly before the vote to offer their support to the Palestinians. “Gaza doesn’t exist anymore. It is destroyed,” said Slovenia’s UN envoy Samuel Zbogar. “History is the harshest critic of inaction.” That criticism was echoed by Algeria’s deputy UN ambassador Nacim Gaouaoui, who said: “The price of silence and failure in the face of the Palestinian tragedy is a very heavy price, and it will be heavier tomorrow.” Hamas’s October 2023 attack on southern Israel resulted in the deaths of 1,208 people, mostly civilians, according to an AFP tally based on official figures. That count includes hostages who died or were killed while being held in Gaza. Militants abducted 251 hostages, 96 of whom remain in Gaza, including 34 the Israeli military says are dead. Israel’s retaliatory offensive in Gaza has killed at least 44,805 people, a majority of them civilians, according to data from the Hamas-run health ministry that is considered reliable by the United Nations. “Gaza today is the bleeding heart of Palestine,” Palestinian UN Ambassador Riyad Mansour said last week during the first day of debate in the Assembly’s special session on the issue. “The images of our children burning in tents, with no food in their bellies and no hopes and no horizon for the future, and after having endured pain and loss for more than a year, should haunt the conscience of the world and prompt action to end this nightmare,” he said, calling for an end to the “impunity.” The Gaza resolution calls on UN Secretary-General Antonio Guterres to present “proposals on how the United Nations could help to advance accountability” by using existing mechanisms or creating new ones based on past experience. The Assembly, for example, created an international mechanism to gather evidence of crimes committed in Syria starting from the outbreak of civil war in 2011. A second resolution calling on Israel to respect the mandate of the UN agency supporting Palestinian refugees (UNRWA) and allow it to continue its operations was passed Wednesday by a vote of 159-9 with 11 abstentions. Israel has voted to ban the organization starting January 28, after accusing some UNRWA employees of taking part in Hamas’s devastating attack.Andhra Pradesh chief minister N Chandrababu Naidu on Friday unveiled the document for Swarnandhra-2047 (Golden Andhra Pradesh) vision document, with the slogan of health, wealth and happiness for all by removing economic inequalities and eradication of poverty in the next 23 years. Addressing the gathering after unveiling the document at a glittering function in Vijayawada, Naidu said the Vision-2047 would change the course and direction of the state and would herald a new history. “We are moving forward with the resolve that the Telugu community will become number one in the world. Our goal is for Andhra Pradesh to lead the country,” he said. The chief minister said at present, the per capita income in the state is less than US $3,000. By 2047, the target is to increase the per capita income to US $ 42,000. “This is possible only through reforms in various sectors and our ultimate objective is to bring about a radical change in the people’s lives,” he said. He said the “Swarnandhra-2047 vision” was aimed at creating a society free of poverty should become our mantra. “Economic inequalities must be reduced. Poverty eradication should follow the P4 (people, public, private partnership) model,” he said, Naidu recalled that he had launched the Vision 2020 initiative during his earlier stint as the chief minister of combined Andhra Pradesh, wherein he advocated emergence of an IT professional from every household. “It has become a reality now. Now, as part of Vision 2047, every household should produce an entrepreneur. Providing employment and livelihood opportunities for everyone is the goal,” he said. The chief minister said his government was encouraging industrial setups and working towards generating jobs. “By providing skill training, we will develop human resources. Giving priority to water security, we are laying the foundation for a drought-free Andhra Pradesh. We have included integrating technology with agriculture as part of the vision,” Naidu added. The Swarnandhra-2047 vision document has declared 10 guiding principles for the all-round development of the state in the next 23 years. They are: Zero Poverty, Employment, Water security, Farmer-Agri Tech, Skilling & Human Resources Development, Global Best Logistics, Cost Optimisation-Energy & Fuel, Product Perfection, Swachh Andhra and Deep Tech-All Walks of Life. “Swarna Andhra vision outlines the roadmap for elevating Andhra Pradesh to new heights, focusing on economic growth, social development, and environmental sustainability. Over the next five years, Andhra Pradesh’s economy is projected to grow at 15% yearly rate, leading to approximately doubling of per capita income. By 2047, Andhra Pradesh is envisaged to have a transformative shift in its demographic, social and economic profile,” the document said.
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