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    2021: The year of giving

    Maria Di Mento

    AP – It was a healthy year for big gifts to charitable causes in 2021, a year that saw one of the largest multibillion-dollar contributions in more than a decade, according to a Chronicle of Philanthropy tally.

    The power philanthropists Bill Gates and Melinda French Gates announced in May that they were divorcing and then gave a jaw-dropping USD15 billion to their foundation in July. The money will bolster its endowment and support the grant maker’s work in global health, development, policy and advocacy, and United States (US) education well into the future.

    The gift increased the grant maker’s endowment to about USD65 billion and is the Gates’ biggest infusion of money into the foundation since 2000, when they transferred Microsoft stock then valued at USD20 million.

    When they announced this year’s gift, the two philanthropists indicated they planned to continue running the foundation together for the time being but announced through the foundation that if after two years either one of them decides not to work together, then French Gates will resign as co-chair and trustee.

    Regardless, the philanthropists made clear in two new Giving Pledge letters that they both intend to keep giving big in the years ahead.

    Bill and Melinda Gates smile at each other during an interview in Kirkland, Washington on February 1, 2019. PHOTO: AP

    French Gates wrote that she will continue to support efforts to fight poverty and “advance equality for women and girls and other marginalized groups”. Gates wrote in his Giving Pledge letter that the work of the foundation will continue to be his “top philanthropic priority” and that he plans to increase his giving in other areas like “mitigating climate change and tackling Alzheimer’s”.

    Nonprofits that focus on those causes are likely to reap big rewards, given that Bill Gates’s net worth is pegged at about USD137 billion and Melinda French Gates’s at USD6 billion.

    Meanwhile, Nike co-founder Phil Knight and his wife, Penny’s, USD500 million contribution to the University of Oregon tied for second place on the list. The gift will be used to expand the Phil and Penny Knight Campus for Accelerating Scientific Impact and follows a USD500 million donation the Knights gave to launch the science campus in 2016. The Knight Campus aims to speed up the process of transforming new scientific discoveries into medical treatments and other developments to improve people’s lives.

    Phil Knight, whose net worth stands at about USD60 billion, earned a bachelor’s degree in business from the university in 1959. The couple have given the university a total of at least USD1.6 billion to date.

    Also tied for number two is a USD500 million challenge pledge the financier George Soros made through his Open Society Foundations to Bard College for its endowment. The pledge aims to persuade other donors to back the college’s effort to raise USD1 billion over the next five years.

    College officials announced in April that the pledge had already helped them raise USD250 million from other donors. Soros, whose net worth is pegged at USD8.6 billion, founded Soros Fund Management, a New York firm that manages hedge funds.

    Next on the list is a USD480 million donation to Northwestern University from Patrick Ryan, founder of Ryan Specialty Group, an insurance services company, and his wife, Shirley. The Ryans, whose net worth stands at close to USD8 billion, gave the money to their alma mater for a variety of programmes.

    The money will back education and research efforts in applied microeconomics, business, digital medicine, global health, neuroscience, and translational research programmes at the university’s Feinberg School of Medicine. A portion of the gift will also pay for building projects.

    The Chronicle’s annual top 10 list of the largest gifts announced by individuals or their foundations totaled more than USD18.1 billion in 2021. (The 2021 list actually includes 11 donations because of ties.) The contributions on the 2021 list went primarily to well-established institutions. Eight of the 11 gifts are from billionaires whose cumulative wealth totals USD426.3 billion.

    The Chronicle’s annual rankings are based on the 10 biggest publicly announced gifts. The tally does not include contributions of artwork or gifts from anonymous donors. In February, the Chronicle will unveil its annual ranking of the 50 biggest donors, a list based on individuals’ total contributions in 2021 rather than single gifts.

    Nearly 400 extrajudicial executions in DR Congo in November

    KINSHASA (AFP) – Nearly 400 extrajudicial executions took place in the Democratic Republic of Congo in November, including more than 10 per cent committed by government security forces and the others by armed groups, a United Nations (UN) report said on Wednesday.

    The United Nations Joint Human Rights Office (UNJHRO) said “agents of the state” were responsible for the extrajudicial executions in November of 40 people, including 24 men, nine women and seven children.

    The UNJHRO, in its latest monthly report, added that fighters with armed groups committed summary executions of at least 345 people, or 258 men, 61 women and 26 children.

    It documented in November 801 violations and human rights abuses throughout the territory of the Democratic Republic of Congo, or an increase of 61 per cent over the month of October when there were 498 violations.

    The majority of violations and abuses took place in the province of North Kivu, followed by Ituri, Tanganyika and South Kivu, all of them in the eastern part of the nation, the report said.

    Since May North Kivu and Ituri have been under a state of siege aimed at ending the activity of armed groups.

    This exceptional measure has given the army full powers but has failed so far to prevent abuses by armed groups that have destabilised the region for 25 years.

    The authorities of the Democratic Republic of Congo could not immediately be reached for comment.

    Asian stocks follow Wall St lower after Fed rates signal

    BEIJING (AP) – Asian stock markets followed Wall Street lower yesterday after investors saw minutes from a Federal Reserve meeting as a sign the United States (US) central bank might hike interest rates faster to cool inflation.

    Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices fell.

    On Wednesday, Wall Street’s benchmark S&P 500 index fell by its biggest daily margin in
    four months.

    Notes released yesterday from the Fed meeting last month showed policymakers believe the US job market is nearly healthy enough that ultra-low interest rates are no longer needed.

    Traders took that as a sign the Fed might be more aggressive about rolling back stimulus that is boosting stock prices.

    The report “bludgeoned the markets” by upsetting expectations that earlier Fed plans were locked in, said Vishnu Varathan of Mizuho Bank in a report.

    People walking by an electronic stock board of a securities firm in Tokyo. PHOTO: AP

    The Shanghai Composite Index slid 0.7 per cent to 3,571.18 and the Nikkei 225 in Tokyo tumbled 2.1 per cent to 28,721.49. The Hang Seng in Hong Kong lost 0.6 per cent to 22,774.93.

    The Kospi in Seoul retreated 0.4 per cent to 2,942.54 and Sydney’s S&P-ASX 200 sank 1.5 per cent to 7,449.80. New Zealand and Jakarta declined while Singapore and Bangkok gained.

    The Fed indicated in mid-December that plans to wind down stimulus would be accelerated after US consumer inflation hit a 39-year high.

    That jolted investors who had been encouraged by stronger corporate profits and the spread of coronavirus vaccinations. Despite that, the S&P 500 ended 2021 with a 26.9 per cent annual gain.

    On Wall Street, the S&P 500 slid 1.9 per cent on Wednesday to 4,700.58.

    The Dow Jones Industrial Average fell 1.1 per cent to 36,407.11, pulling back from the previous day’s record. The Nasdaq composite tumbled 3.3 per cent to 15,100.17 in its biggest one-day decline in 11 months.

    Bond yields, or the difference between the day’s market price and the payout at maturity, widened after the Fed notes came out.

    The yield on the 10-year Treasury note, a benchmark for setting rates on mortgages and other loans, rose to 1.70 per cent from 1.68 per cent.

    The Fed minutes showed policymakers expressed concern that inflation was spreading into more areas of the economy and would last longer than expected. They discussed the possible need to raise short-term interest rates at a quicker pace and allow bond purchases that inject money into the financial system to decline sooner.

    Four out of five stocks in the S&P 500 fell. Tech companies were the biggest drag on the market. Microsoft fell 3.8 per cent and software maker Adobe shed 7.1 per cent.

    In energy markets, benchmark US crude lost 76 cents to USD77.09 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to USD77.85 on Wednesday. Brent crude, the price basis for international oils, sank 86 cents to USD79.94 per barrel in London. It rose 80 cents the previous session to USD80.80.

    The dollar declined to JPY115.93 from Wednesday’s JPY116.16. The euro advanced to EUR1.1317 from EUR1.1311.

    Ryan Seacrest still king of New Year’s Eve television

    David Bauder

    NEW YORK (AP) – Ryan Seacrest is still the king of New Year’s Eve television, no matter what Andy Cohen may think.

    Seacrest, inheritor of ABC’s 50-year-old New Year’s Rockin’ Eve from Dick Clark, reached 19.6 million viewers between 11.30pm and 12.30am last weekend, the Nielsen company said.

    During the 15-minute interval where the ball dropped in New York’s Times Square, his audience jumped to 24.2 million people.

    It was the show’s biggest audience in four years, Nielsen said.

    Cohen, who was co-hosting CNN’s New Year’s Eve special also from Times Square, attracted attention for referring to “Ryan Seacrest’s group of losers”. He said that people watching ABC had “seen nothing”.

    Two days later, Cohen said on his SiriusXM show said that he really liked Seacrest. “He’s a great guy, and I really regret saying that. I was just stupid and feeling it,” he said.

    Ja Rule, Ashanti and Ryan Seacrest perform at the Times Square New Year’s Eve celebration. PHOTO: AP

    Cohen expressed no regret for calling former New York City Mayor Bill de Blasio “a horrible mayor”.

    He was scolded by CNN for saying it, however, although the network made a point of saying Cohen was invited back for the next New Year’s Eve celebration.

    CNN’s shot-filled celebration with Cohen and Anderson Cooper reached 3.3 million viewers between 11pm and 12.30am, outdoing Fox News Channel’s Nashville-based show, which had 2.1 million people watching.

    NBC, which tried a new show with Miley Cyrus and Pete Davidson, reached 6.3 million during the same time as Seacrest’s fest, Nielsen said. CBS’ country-oriented show had 5.2 million viewers.

    Among broadcast networks last week, NBC had the highest prime-time average of 4.4 million viewers. CBS had 3.9 million, Fox had three million, ABC had 2.8 million, Univision had 1.4 million, Ion Television had one million and Telemundo had 890,000.

    Its schedule stuffed with college football bowl games, ESPN had the highest prime-time average of any network last week, at 8.09 million. Fox News Channel was the second-ranked cable network at 1.72 million, Paramount had 1.59 million, Hallmark had 1.3 million and HGTV had 1.07 million.

    For the week of December 27 to January 2, the top 20 prime-time programmes, their networks and viewerships:
    1. NFL Football: Minnesota at Green Bay, NBC, 18.55 million.
    2. College Football Playoff: Georgia vs. Michigan, ESPN, 16.51 million.
    3. Rose Bowl: Ohio State vs Utah, ESPN, 15.99 million.
    4. College Football Studio, ESPN, 15.97 million.
    5. NFL Pregame Show, NBC, 14.68 million.
    6. The OT, Fox, 14.25 million.
    7. College Football Studio, ESPN, 13.4 million.
    8. NFL Football: Miami at New Orleans, ESPN, 12.31 million.
    9. Football Night in America, Part 3, NBC, 11.17 million.
    10. Sugar Bowl: Baylor vs. Mississippi, ESPN, 9.51 million.
    11. Yellowstone, Paramount, 9.34 million.
    12. Primetime New Year’s Rockin’ Eve, ABC, 8.79 million.
    13. Peach Bowl: Pittsburgh vs Michigan St, ESPN, 7.65 million.
    14. College Football Studio, ESPN, 7.15 million.
    15. 60 Minutes, CBS, 7.09 million.
    16. The Equalizer, CBS, 6.53 million.
    17. Miley’s New Year’s Eve Party, NBC, 5.82 million.
    18. Football Night in America, Part 2, NBC, 5.263 million.
    19. The Price is Right 50th Anniversary,” CBS, 5.258 million.
    20. NCIS: Los Angeles, CBS, 5.17 million.

    Djokovic fights deportation after Australia cancels visa

    MELBOURNE (AFP) – Tennis world number one Novak Djokovic won a temporary reprieve in his deportation from Australia yesterday, but is set to spend the night in an immigration detention facility as he fights to remain in the country.

    The vaccine-sceptic Serb was detained on arrival to Melbourne’s Tullamarine Airport having failed to “provide appropriate evidence” of double vaccination or a medical exemption.

    Djokovic had jetted into Melbourne on Wednesday hoping to defend his Australian Open crown and to bid for an unprecedented 21st Grand Slam title, despite Australia’s tough COVID restrictions.

    Instead of a conquering champion’s welcome, he was questioned at the airport overnight before having his visa revoked and being transferred to a Melbourne immigration detention facility.

    After an emergency court appeal, a judge ordered that the controversial star would not be deported before Monday, when a final hearing will be held.

    For months there had been speculation about whether Djokovic would play in the January 17-30 tournament.

    Then, ahead of his arrival, a jubilant Djokovic boasted on Instagram that he had scored an unexpected medical exemption to play.

    The 34-year-old has refused to reveal his vaccine status, but has previously voiced opposition to being jabbed. He has contracted COVID at least once.

    Sporty new BMWs packed with technology

    Adib Noor

    BMW Asia and QAF Auto officially announced the all new BMW X3 and BMW X4 in Brunei packed with an all-new look and features.

    The X3 features a redesigned front end and revised rear section which emphasises its robust off-road look and sporty appearance.

    It’s coupè counterpart – the X4 – however has adopted a new front end adding its own accentuation with the BMW mesh kidney grille and offers a more dynamic rear end.

    The new X3 and X4 are both fitted with an all-wheel drive system making the BMW xDrive as standard. The BMW xDrive all-wheel drive makes a significant contribution to the versatile sporty flair of the BMW X3 and BMW X4. Its precise electronic control ensures sporty power distribution that is typical of the brand. Its rear wheel orientation makes dynamic cornering in particular an especially intense experience. In addition, BMW xDrive optimises both driving stability and traction over rough terrain.

    Other key feature of the refreshed models is its BMW’s modern driver assistance systems, which comes standard and is designed to enhance both comfort and safety. The system offers front collision warning, lane departure warning and lane change warning. There is also parking assistant plus which now includes the reversing assistant, which helps retrace a completed line (50 metres) in reverse.

    There is also the BMW intelligent personal assistant available in both the new BMW X3 and BMW X4. The personal assistant creates a more intensive bond between driver and vehicle, with the digital companion, naturally spoken instructions can now be used to regulate the air conditioning, open and close the windows or change the driving experience by switching modes at an instant.

    Interior wise the BMW X3 and BMW X4 adopt the centre console of the current BMW 4 series. The free-standing, central control display with touch function now offers a screen diagonal of 10.26 inches as standard in all vehicles. A 12.3-inch version of the touch display is available as an option. The significantly improved standard equipment now also includes Vernasca leather sports seats, as well as an automatic climate control with three zone control. In addition to the cupholder and a model-specific emblem, the centre console accommodates the newly designed control island with the gear selector lever with buttons for the start/stop system, electric parking brake, hill decent control and various experience functions as well as the BMW controller.

    There is also new electroplated trim elements featured on the air vents adding a touch of elegance while emphasising the horizontal lines in the interior. There is also ambient lights which comes as standard providing contour lighting above at the decorative trim in the dashboard, creating a particularly high-quality atmosphere in the interior.

    ABOVE & BELOW: The new BMW X3; and X4. PHOTOS: BAHYIAH BAKIR

    ABOVE & BELOW: The interiors of BMW X3; and X4

    Thailand raises COVID-19 alert level due to Omicron spread

    BANGKOK (AGENCIES) – Thailand yesterday raised its COVID-19 alert level following rising infections driven by the spread of the Omicron variant of the coronavirus, a senior health official said.

    The change, from level three to four, sets a pretext for possible measures that could follow, such as closing high-risk areas and placing restrictions on domestic travel or public gatherings.

    “Thailand has entered a new wave of infections, where new cases will be rising fast,” said Kiattiphum Wongrajit, permanent secretary of the health ministry.

    “Level four means we may close high-risk places and announce more measures.”

    Survival mode

    RICHMOND, VIRGINIA (AP) – There was no food, water or sleep for Susan Phalen as she spent a frigid night inside her car stopped on Interstate 95 (I-95) in Virginia. Meera Rao and her husband were only 100 feet past an exit but were unable to move for 16 hours.

    Senator Tim Kaine was on his way to Washington when a seemingly simple commute stretched into a 21-hour ordeal that became “a kind of survival project”.

    They were among hundreds of people who got stranded on the East Coast’s main north-south highway in freezing temperatures after a winter storm snarled traffic and left some drivers stuck in place for as much as a full day.

    The problems began Monday morning when a truck jackknifed on I-95, triggering a chain reaction as other vehicles lost control, state police said. Eventually lanes in both directions became blocked across a 40-mile stretch of the highway between Richmond and the nation’s capital at a time when snow was falling around two inches an hour.

    Hundreds of motorists spent the night in their vehicles, worrying about a lack of food, fuel and water as temperatures fell into the teens. One family reported that they went more than 18 hours without eating.

    There were no reports of serious injuries or deaths, but there was plenty of anger among drivers.

    Drivers wait for the traffic to be cleared as cars and trucks are stranded on sections of I-95. PHOTOS: AP
    Kiara Davis and Aja Brown walk up the southbound I-95 on ramp toward Route 234 in Dumfries offering beverages and snacks for anyone they may have found stranded on the highway
    ABOVE & BELOW: Motorists sit stranded on I-95 near Fredericksburg, Virginia; and workers remove stranded cars and trucks

    “No one came. It was just shocking,” said Rao, who was travelling home to Burtonsville, Maryland, after visiting her daughter in North Carolina when she got stuck Monday evening.

    “Being in the most advanced country in the world, no one knew how to even clear one lane for all of us to get out of that mess?”

    It took until Tuesday evening around 8.30pm for the Virginia Department of Transportation to re-open the interstate. Authorities had announced earlier in the evening that all stranded motorists had made it off the highway. Transportation officials then oversaw the removal of remaining abandoned vehicles and making sure the entire stretch was plowed.

    As stranded motorists waited in their cars, many posted desperate messages on social media. Between midnight and 3am Tuesday, traffic came to a complete standstill, state officials said.

    Governor Ralph Northam said his team responded through the night by sending emergency messages to connect drivers with help and working with local officials to set up warming shelters as needed. Officials told reporters crews were helping distribute food, water
    and fuel.

    Rao said they stopped their car engine at least 30 times to conserve gas and ran the heat just enough to get warm.

    They had some potato chips, nuts and apples to eat, but Rao did not want to drink any bottled water because she had a sprained ankle and did not think she could reach a makeshift restroom.

    Finally, around midmorning Tuesday, a tow truck driver appeared and cleared away snow, allowing the Raos and other cars back up and take the exit.

    People who were stranded and their families lashed out at Northam on Twitter, asking why the Virginia National Guard was not deployed.

    Northam said in an interview that he opted not to request National Guard help because the issue facing state crews was not a lack of manpower but the difficulty of getting workers and equipment through the snow and ice to where they needed to be. He said that effort was complicated by the disabled vehicles, freezing temperatures and ice.

    The affected section of the interstate was not pretreated because heavy rain preceded the snow, which fell at times as fast as two inches an hour, said Marcie Parker, a state Department of Transportation engineer.

    “That was entirely too much for us to keep up with,” she said.

    The storm also left passengers on an Amtrak train stranded in Virginia. Amtrak’s Crescent left New Orleans on Sunday on its way to New York and got stuck near Lynchburg on Monday morning, when downed trees blocked the tracks.

    Passenger Sean Thornton told AP that Amtrak provided food, but toilets were overflowing and passengers were furious. Amtrak planned for the train to complete its trip once the tracks are clear.

    Up to 11 inches of snow fell in the area during Monday’s blizzard, according to the National Weather Service, and state police had warned people to avoid driving unless absolutely necessary, especially as colder nighttime temperatures set in.

    Compounding the challenges, traffic cameras went offline as much of central Virginia lost power in the storm, the transportation department said.

    Kaine left his home in Richmond for his usual two-hour commute to the US Capitol after Monday’s snowstorm, expecting to preside over the Senate on Tuesday morning. Instead, he spent the night alone in his car on I-95.

    The Democrat told Washington radio station WTOP that he worried about all the families with children or elderly passengers who were running out of fuel and food. But Kaine also described a camaraderie as strangers connected along the highway, including a Connecticut family who walked up and down lines of stopped cars, sharing a bag of oranges they had planned to bring home from a Florida vacation.

    “I’ve never seen anything like it,” Kaine said. “I will never forget this.”

    Phelan’s planned one-hour drive from her parents’ house turned into a 16-hour nightmare.

    She said at some point during the gridlock, she thought she might have to start knocking on windows asking other drivers for water. But she, too, witnessed acts of kindness among the stranded drivers, saying “everybody was helping everybody.”

    Kelly Hannon, a spokeswoman for the transportation department, apologised to motorists and said the department would take an “exhaustive look” at the incident.

    UBS splits Hong Kong workforce into teams as COVID-19 cases rise

    HONG KONG (CNA) – UBS Group will split its 2,500 Hong Kong workforce into two groups with each returning to the workplace on alternate weeks, as the city tightens curbs amid a spike in COVID-19 cases, according to an internal memo to staff seen by a news agency.

    A spokesman for the bank confirmed the contents of the memo that was sent to staff yesterday.

    The move comes amid worries of a fifth wave of COVID-19 infections in the Asian financial hub. Hong Kong has announced a two-week ban on some inbound flights, slapped curbs on indoor dining and closed swimming pools, bars and other venues.

    The city recorded 38 new coronavirus cases on Wednesday.

    UBS staff have been told to minimise “cross floor” travel in the bank’s offices to reduce the risk of contamination and not to socialise with members not in their own team, according to the memo.

    Standard Chartered divided its 6,000 workforce into teams earlier this week.

    Banks in Hong Kong have been operating at near full capacity for the past few months, unlike most other major financial centres like New York or London, as the city stuck to a zero-COVID strategy by largely isolating itself from the world.

    The Swiss bank UBS logo seen in Zurich, Switzerland. PHOTO: CNA

    Nigeria brands bandit gangs ‘terrorists’ in bid to curb violence

    LAGOS (AFP) – Nigeria’s government on Wednesday labelled criminal bandit gangs blamed for mass kidnappings as terrorist groups in an attempt to deter violence in the country’s northwest.

    Heavily armed gangs have long plagued Nigeria’s northwest and north-central states, raiding villages to loot and kidnap for ransom, but violence has become more widespread.

    President Muhammadu Buhari’s government, already battling a more than decade-long extremist conflict in the northeast, had been under pressure to do more to halt attacks from the criminal gangs.

    In the official gazette on Wednesday, the federal government labelled activities of Yan Bindiga and Yan Ta’adda – references in the Hausa language to bandit gunmen – “as acts of terrorism and illegality”.

    “I think the only language they understand – we have discussed it thoroughly with the law enforcement agencies; the security chiefs, the Inspector General of Police – is to go after them,” Buhari told Channels Television, according to its website on Wednesday.

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