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Chinese foreign ministry spokesman Ma Zhaoxu said the value of the Chinese yuan was not the main reason for the country’s trade surplus with the US. China has hit back at the US a day after President Barack Obama promised to take a tougher line with Beijing over currency and trade.

Ties between the US and China have been strained over an arms deal with Taiwan. Tensions have also risen over reports of Chinese cyber attacks on US-run websites and a planned visit to the US by the Dalai Lama. Mr. Obama vowed to ensure countries were not giving their currencies an unfair advantage against the dollar.

The US companies have complained all the time in the past that China keeps its currency artificially undervalued, giving its industries an unfair price advantage.

Obama was asked in a meeting with the Senate democrats, whether US will cut ties with Beijing over continuing trade disputes. He said that he would continue to make sure that China and other countries abide by the trade agreements. He warned it would be a mistake for the US to become protectionist. Obama said, “The approach that we’re taking is to try to get much tougher about the enforcement of existing rules, putting constant pressure on China and other countries to open up their markets in reciprocal ways.”

“But what I don’t want to do is for us as a country or as a party, to shy away from the prospects of international competition.” Mr. President also said that the foreign exchange rates would be monitored. Furthermore explaining he said, “One of the challenges that we’ve got to address internationally is currency rates and how they match up to make sure that our goods are not artificially inflated in price and their goods are artificially deflated in price,”

Mr. Ma said on Thursday that the value of yuan was at a reasonable level and China was not pursuing a trade surplus with the US.

Mr. Ma said, “At the moment… the level of the yuan is close to reasonable and balanced.” “Accusations and pressure do not help to solve the problem.” On Wednesday Mr. Ma told when he was meeting the Tibetan spiritual leader that President Barrack Obama would further erode ties between Beijing and Washington.

“We urge the US to fully grasp the high sensitivity of the Tibetan issues, to prudently and appropriately deal with related matters, and avoid bringing further damage to China-US relations,” he said. In 1950 China took over Tibet from India, China thinks Dalai Lama a separatist.

According to the bill gates, vaccine for malaria could be available in just three years. Bill gate is a key campaigner against disease that kills millions of people in year, in which most of the populations are the children.

In view of the fact that it was formed, gate’s foundation has spent around billions of dollars in this fight against malaria. According to Mr. Gates, just like smallpox, malaria can also be eradicated. He also added that as for now there is no vaccine but it is much near to come. But whatever it will, to some extend it will be helpful.

He informed to the news program that, the vaccine, which they have, is in the last trial phase, known as phase three. It is a partially effective vaccine which will probably available in three years but the fully effective one will take at least five to ten years to be introducing before the population.

This man who is believed to be the richest man in the world, fears that developed nations may ransack their foreign aid budgets to pay for the cost of tackling climate change.

Mr. Gates says that “this would be mistake as aid budgets is a key reason for global warming as it not only saves the lives but they also improve the health of the people, which in turn stops the population growth”.

He further adds that “I just wanted to make sure that money doesn’t come by reducing the funds for aids, vaccines or drugs, as this will not only save the lives but with it’s this improved health, it leads a country to reduce its population growth”.

And then, in long run, the environmental health issues due to which the population is not able to grow accordingly will able to live on a sustainable basis.

The top news says that the director of a company was arrested for selling a bomb detecting devices to 20 countries including Iraq as well.
According to Avon and Somerset police informed that this 53 year old Jim McCormick from ATSC’s was detained on Friday for a doubt of fraud, which was a misrepresentation. After the BBC investigation assumption it was known that ADE-651 did not work to stop the bomb attacks.
Also earlier, a ban on the export of the devices to Afghanistan and Iraq was announced by the British government, where the British forces are serving.
According to the McCormick, the device was sold from the offices situated in rural area of Somerset, where special electronic cards slotted into it in order to detect the explosives. But according to the BBC Newsnight an investigation reported that computer laboratory said a card examined contained only the tag which was used by shops to prevent theft.
Also there was much anxiety that these detectors have failed in preventing the bomb attacks which have killed many peoples. This ADE-651 has been sold to many of the Middle Eastern countries and also to Bangkok.
The device was made up of swivelling aerial mounted to a center on a hand-grip. It was not at all operated by the battery but instead according to the promotional material, it was powered only by the user’s static electricity.
For the device the Iraqi government has spent around US$85m on this hand held detectors, which is now used at the Baghdad in most of the checkpoint areas. The concept was well understood that about US$40,000 was paid by Iraq for each device but no western government is using it presently.
The BBC learned that Nouri al- Maliki, Iraqi Prime minister has ordered for an investigation into the bomb detectors, which is expected to report shortly.

Top news from Los Angeles says that hundreds of people or the homeowners were ordered to leave their house in the fire-ravaged area. The reason behind it was California braced for a powerful storm threatening torrential rain. This is an unbelievable thing for the people residing over there.

The storm to hit into the region since Monday and was expected to dump around 10 inches of rain in some of the near areas before tomorrow, raising fears of landslides in hilly areas discard of vegetation by last year’s wildfires.

Also according to the NWS advisory, “Rainfall at these rates could considerably flash flooding, with life-threatening debris flow and mud in and blow the recent burn areas, especially when the grounds are drenched”.

Also the officials of the National Weather Service said that the storms can produce hourly rainfall, those rates of up to 1.5 inches in all the fire-affected areas.

In the view of this, the Authorities today have issued an evacuation orders for around 750 homes situated in Los Angels area which are considered to be threatened by the landslides. Seeing the situation, we feel pity on the homeowners who are asked to just leave their place. Many of them seem to be shattered by this.

Also P Michael Freeman chief of Los Angeles country Fire Department said that residents and public Officials were involved in a race with the Mother Nature. He also commented that “if she wins this race then, there’s no way can we assure that firefighter, as well-equipped and as trained as they are, will be able to get into your area and make rescues”.

And the weather officials yesterday issued a rare warring on tornado as a storm packing of 60 miles per hour battered the region.

According to the news reports, the head of International Monetary Fund (IMF) has given a warning that the global economy can very well come across another down-turn, which can be called as double dip recession.

Also to this, Dominique Strauss- Khan said that countries should never exit from the stimulus packages, which have shore up growth with the help of huge amounts of government spending graph. He further said that they have to try to be much careful as this recovery remains very fragile.

According to him, economies of china and Asia are leading in terms of recovery. He said that the recovery in the advanced economies has been much slow and the best indicator is employment and private demand.
And also the Germany and France raised their growth forecast for the year independently also. As we all know that the growth in most of the countries is still supported by the government policies. And so Strauss khan said that “provided you do not have the private demand strong enough to counterbalance the public need, you shouldn’t exit “
He added that the priority of many governments will be undertaking high levels of government debt. And also, recommended that the IMF should raise its growth forecasts for the current year. The IMF is presently predicting the global economy to rise by 3.1% in 2010.
Let’s look on the growth updates of different countries:
As we have seen the two largest economies of Europe, Germany and France, raised their growth forecast for the present year.
With this Germany is expecting its economy to expand by 1.5% in 2010 from its previous prediction, which was 1.2%. French government experienced almost doubled according to its growth forecast to 1.4 % from 0.75%
Looking at this the finance minister says that they are contented that the economic development is now to some extent better than it was originally predicted. Also IMF raised the forecast for French of the present year from 1 % to 2% rather than 0.9%.

The news all the way from California says that the Science fiction blockbuster “Avatar” took the award at the 67th Golden globes on late Sunday. It was the one which won honor for best picture and best director to strengthen its position as an Oscar’s frontrunner.

James Cameron, director of the ground breaking epic “Titanic” truly way to become highest grossing movie in the history was the big winner on Sunday night when all the awards were principally spread across several films.

No doubt that this film has hailed as a cinematic milestone for its use of state of the art of 3-D cameras along with featuring its motion capture technology for which Cameron was helpful in development.

The director, Cameron told the star studded audience at Beverly Hilton Hotel after accepting the award for the best motion picture drama that “it is the best job in the world”. After when it released in December, the movie has earned an astonishing 1.6 billion dollars globally and also rapidly closing the record of Cameron’s 1997 Oscar winning Titanic in 1.8 billion dollars.

Also it was interesting to hear the speech of Cameron where, some part of it’s was in Na’vi! Yes the same language which was spoken by the blue-skinned peace-loving alien heroes of his movie “Avatar”. This was invented by a university of Southern California linguistics expert for the film.

Also Avatar stellar showing at the Globes may now see it way for the Oscar, whose nominees are soon to be reveled on February 2.

In this award show, Avatar was expected to face a hard competition from Quentin Tarantino’s “inglourious Basterds”, “up in the Air” and “Precious”, Bigelow’s “The Hurt Locker”. Where, “Up in the Air “was a start for the Sunday as one of the hot favorites along with six nominees.

According to the news from Geneva, a spokeswoman says that the earthquake in Haiti is the worst world disaster ever confronted by UN, also pointing out at that the catastrophe has left affected regions with very little infrastructure.

Also the Elisabeth Byrs, the spokeswoman of the UN office for the coordination of Humanitarian Affairs in Geneva said that it is a historic disaster. And they have never faced with such a disaster in United Nation memory. It is like no another. She also said that in the town of Leagane, which is the west of the capital, 80 to 90 percent of buildings were destroyed and damaged, with this not a single local government infrastructure has remained.

The local police said that around 5000 to 10000 people have been killed and most of the bodies are still in the collapsed building structures. It is bringing fears of a huge 7.0 magnitude earthquake.

Also thousands of criminals were out, being escaped from the collapsed hail of the city and there were also widespread reports of robberies as well. Leon Meleste said that all the people are left on their own and the danger is increasing a lot as the police doesn’t exist and people are doing anything they feel.

And a vanguard of 10,000 US troops were arranged to Haiti to have control of the airport, which was blocked with tones of relief supplies and begun with the first distribution of aid to suppress the threat of violence. Some aid was also being distributed from the nuclear-powered carrier USS Carl Vinson, where about 19 helicopters have been carrying out limited aid drops.

The Haitian government is also operating out of a police station at the airport to assists the help, where Mr Preval is looking out totally bushed with the dark pockets under his eyes and also the government has lost its capacity to function correctly, but it still has not collapsed.

Through the news reports, the news are now out that a man is sentenced to jail for 32 years after, he abused and raped a girl, for more than 7 years on Saturday. This man, who was 60 years old, was not named to defend the victim’s identity. He was a kind of spiritual advisor to girl’s father and also he was considered as one of the family friends by her parents.

This man was married and was a father of four children. According to the newspaper reports, this man had already been condemned to a 24 year- last year, but later on, the court appeal has now added another eight years on arguing that the first verdict was a “manifestly inadequate sentence” for a man like him. And it was true as well, for a man like him this type of punishment is just nothing, as he has been regularly abusing an innocent girl in a very harsh way.

Also, the prosecution has successfully argued that this man has committed one of the worst cases of the sexual attack ever! And this type of activity can never be forgiven.

This man had been abusing this girl since she was an eight year old girl by exploiting the trust of the parents of that girl by staying overnight at their apartment. Finally this mistreatment came into light when the girl confided to an aunt in summer 2008.

Also according to the sources, the court said that it was adequate to extend the punishment of that man, after considering the unforgivable, regular and harsh sexual assault of a young and innocent victim.

As law of Singapore reserves judicial canning for male criminals under the age of 50, the rapist will not be caned.

Friedel de wet, a well known bowler from South Africa team has been withdrawn from Thursday’s test match and from the finals as well due to his back injury. This 29 years old player suffered suddenly from a recurrence of a back problem in last week’s drawn test, in Cape Town, which was against England.

And Wayne Parnell, an uncapped left armer is likely to replace Friedel for the series finale, which is going to start on Thursday at Wanderers in Johannesburg. In spite of playing in nine one dayers, Parnell is yet to make his test debut.

Mickey Arthur, the coach of south Africa said that de wet’s injury is a long-term problem and so he won’t be training with them for that week. He felt sorry for him and also said that this happened with him in the fifth over of the very first innings in Cape Town, he was allowed to come in with by giving him some injections but after which he suffered from this serious back injury for another 20-odd overs.

Also, Arthur calls Parnell as a “huge Talent” and says that he has a real chance of playing due to his speed.  As they want three strike bowlers, Wayne Parnell would be one amongst them. The coach further says that even though “he is young in terms of first class cricket, but with the time he will be matured and is very happy to see him as a part of board.

As well know South Africa has already withdrawn Imran Tahir from their squad from the finals as they fear that he is yet not eligible to play.

According to the news reports, Cricket South Africa would be quite certain of his eligibility before allowing him to play.

According to the news reports of London, Indian origin men along with his two assistants have been sentenced to jail. The crime of these people was, they were involved in a 33 million pounds drug deal. This deal is considered to be the UK’s largest heroin seizure ever!

Here harminder Chana 32 year old was sentenced to 17 years of jail whereas, Atif Kahn who was 34 years old for 15 and half years and 30 year old Abdul Rob for 23 years of jail.  According to the police 330 kg of heroin was apprehended in this case. It is just unbelievable thing!

Kingston crown court heard that thirteen boxes were held at motorway service station in Kent. Also Patrick Kuster 37 years old, which was from Netherlands, was jailed for 26 years for the supplying heroin conspiracy. According to the police, Kuster imported heroin from Holland through Eurotunnel in his mother’s car.

He drove this car to the motorway service station, which is in Maidstone, Kent. Here several people were waiting for him to come as they were to meet him and pick up their part of dig consignment of heroin of behalf of their syndicates.

The information led the police to chana, who was seen driving a car in motorway services near Minstone. He came to meet Kuster and was transferring boxes form one car to another.

And then finally along with him, later the police arrested Khan as well in east London in IIford and there the police found the keys of a safe house, where the some more drugs and other equipment were led. Also the business partner of Khan, Abdul Rob was accused soon arranging and financing the three boxes of the imported heroin.