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Arrest warrant issued for President Yanukovych
Arrest warrant issued for President Yanukovych (AP) / 24 February 2014 Calls are mounting in Ukraine to put Yanukovych on trial, after a tumultuous presidency in which he amassed powers, enriched his allies and cracked down on protesters. Anti-Viktor Yanukovych protesters outside parliament in Kiev.-AFP Ukraine’s acting government issued a warrant on Monday for the arrest of President Viktor Yanukovych, last seen in the pro-Russian Black Sea peninsula of Crimea, accusing him of mass crimes against protesters who stood up for months against his rule. Calls are mounting in Ukraine to put Yanukovych on trial, after a tumultuous presidency in which he amassed powers, enriched his allies and cracked down on protesters. Anger boiled over last week after snipers attacked protesters in the bloodiest violence in Ukraine’s post-Soviet history. The turmoil has turned this strategically located country of 46 million inside out over the past few days, raising fears that it could split apart. The parliament speaker is suddenly nominally in charge of a country whose economy is on the brink of default and whose loyalties are torn between Europe and longtime ruler Russia. Ukraine’s acting interior minister, Arsen Avakhov, said on his official Facebook page Monday that a warrant has been issued for the arrest of Yanukovych and several other officials for the “mass killing of civilians.” At least 82 people, primarily protesters, were killed in clashes in Kiev last week. Avakhov says Yanukovych arrived in Crimea on Sunday and relinquished his official security detail then drove off to an unknown location. After signing an agreement with the opposition to end a conflict that turned deadly, Yanukovych fled the capital for eastern Ukraine. Avakhov said he tried to fly out of Donetsk but was stopped, then went to Crimea. Tensions have been mounting in Crimea, where pro-Russian protesters raised a Russian flag on a city hall in one town and scuffled with police. Russia maintains a big naval base in the Crimean port of Sevastopol that has tangled relations between the countries for two decades. Yanukovych set off a wave of protests by shelving an agreement with the EU in November and turning toward Russia, and the movement quickly expanded its grievances to corruption, human rights abuses and calls for Yanukovych’s resignation. “We must find Yanukovych and put him on trial,” said protester Leonid Shovtak, a 50-year-old farmer from the western Ivano-Frankivsk region who came to Kiev’s Independence Square to take part in the three-month protest movement. “All the criminals with him should be in prison.” The speaker of parliament assumed the president’s powers Sunday, even though a presidential aide told the AP on Sunday that Yanukovych plans to stay in power. The speaker, Oleksandr Turchinov, said top priorities include saving the economy and “returning to the path of European integration,” according to news agencies. The latter phrase is certain to displease Moscow, which wants Ukraine to be part of a customs union that would rival the EU and bolster Russia’s influence. Russia granted Ukraine a $15 billion bailout after Yanukovych backed away from the EU deal. U.S. Ambassador Geoffrey Pyatt said the U.S. is ready to help Ukraine get aid from the International Monetary Fund. The European Union, meanwhile, is reviving efforts to strike a deal with Ukraine that could involve billions of euros in economic perks. EU foreign policy chief Catherine Ashton is visiting Kiev on Monday and Tuesday. The protest movement has been in large part a fight for the country’s economic future — for better jobs and prosperity. Ukraine has struggled with corruption, bad government and short-sighted reliance on cheap gas from Russia. Political unrest has pushed up the deficit and sent exchange rates bouncing, and may have pushed the economy back into a recession. Per capita economic output is only around $7,300, even adjusted for the lower cost of living there, compared to $22,200 in Poland and around $51,700 in the United States. Ukraine ranks 137 th worldwide, behind El Salvador, Namibia, and Guyana. Ukraine has a large potential consumer market, with 46 million people, an educated workforce, and a rich potential export market next door in the EU. It has a significant industrial base and good natural resources, in particular rich farmland. For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
Journalists cannot be forced to reveal their source: Shaikh Sultan
Journalists cannot be forced to reveal their source: Shaikh Sultan Afkar Abdullah / 24 February 2014 A journalist’s rights are protected by law and he or she cannot be forced to reveal their source of information and news, says Sharjah Ruler A journalist’s rights are protected by law and he or she cannot be forced to reveal their source of information and news, said His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of Supreme Council and Ruler of Sharjah. Addressing the opening session of Sharjah International Government Communication Forum (IGCF) 2014 which is concluding today, Dr Shaikh Sultan said: “Arab world today stands at a critical phase in time. Things are changing at a rapid speed. The regional landscape is in some sort of flux, making it difficult to differentiate right from wrong.” “We see the enlightened moving towards darkness. Honesty is being taken over by falsehood. The virtuous are being forced to surrender to base desires. Where is the media in this chaotic landscape and what is its role here?” He added that media and journalism is dangerous when it dedicates itself for spreading misleading and false information. The journalist must respect the reader, audience, privacy, and public interest while delivering news and information. A journalist of various means of media must have personal sense of morality, ethics, accuracy, credibility and fairness. He stressed that the journalist has rights that are protected by law. These rights include freedom of speech and criticism and access to news and information as well as freedom to investigate without interfering in confidential public or private affairs, unless of course, the exception is clearly justified. The journalist’s main right is not revealing the sources of his news which he/she receives in secrecy. He directed his message to TV channels that broadcast imported pictures or films. He encouraged the local channels to avoid delivering fabricated, false information and prevent themselves from getting involved in violating copyrights, staying away from laziness, cowardliness, hatred, or any criminal act. “The TV channels must contribute in strengthening the human spirit among individuals by spreading ethical and, cultural values to impose love and happiness in the society. afkarali@khaleejtimes.com For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
Facebook to buy WhatsApp for $19 billion in deal shocker
Facebook to buy WhatsApp for $19 billion in deal shocker (Reuters) / 20 February 2014 Facebook’s purchase of messaging service WhatsApp for up to $19 billion in cash and stock is one of the largest acquisitions ever in the technology sector. The WhatsApp and Facebook app icons on an iPhone in New York. AP Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world’s largest social network closer to the heart of mobile communications and may bring younger users into the fold. The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network’s determination to win the market for messaging. Facebook-WhatsApp deal one of biggest ever in tech Here are some other notable deals involving US tech companies, in order of dollar amount from largest to smallest: HEWLETT-PACKARD BUYS COMPAQ – SEPTEMBER 2001 US technology giant Hewlett-Packard buys Compaq Computer for $25 billion in a bid to compete with IBM. GOOGLE BUYS MOTOROLA MOBILITY – AUGUST 2011 Internet search giant Google buys the handset business of Motorola for $12.5 billion in a bid to challenge Apple in the smartphone market. Less than three years later, Google sold Motorola to China’s Lenovo for $2.91 billion. HEWLETT-PACKARD BUYS AUTONOMY – AUGUST 2011 US technology giant Hewlett-Packard buys British enterprise software company Autonomy for $10.24 billion. US authorities later open an investigation amid HP accusations that Autonomy had engaged in “accounting improprieties.” MICROSOFT BUYS SKYPE – MAY 2011 Microsoft buys Internet voice and video leader Skype for $8.5 billion, the largest acquisition ever by the US software giant. ORACLE BUYS SUN – APRIL 2009 US business software giant Oracle buys struggling Sun Microsystems and its Java programming language for $7.4 billion. MICROSOFT BUYS NOKIA – SEPTEMBER 2013 Microsoft buys the handset business of former market leader Nokia for $7.2 billion in an effort to catch up to rivals Apple and Google in the smartphone market. GOOGLE BUYS YOUTUBE – OCTOBER 2006 Internet search giant Google buys online video platform YouTube in October 2006 from its founders, Steve Chen and Chad Hurley, for $1.65 billion. EBAY BUYS PAYPAL – JUNE 2002 Online auction house eBay buys online payments firm PayPal for $1.5 billion. YAHOO BUYS TUMBLR – MAY 2013 Former Google executive Marissa Mayer makes her biggest purchase since taking over as CEO of Yahoo, buying the popular blogging platform Tumblr for $1.1 billion. FACEBOOK BUYS INSTAGRAM – APRIL 2012 Facebook offers $1 billion for hot smartphone photo-sharing service Instagram. The purchase of Instagram was Facebook’s largest until the WhatsApp deal. Founded by a Ukrainian immigrant who dropped out of college, Jan Koum, and a Stanford alumnus, Brian Acton, WhatsApp is a Silicon Valley startup fairy tale, rocketing to 450 million users in five years and adding another million daily. “No one in the history of the world has ever done something like this,” Facebook Chief Executive Mark Zuckerberg said on a conference call on Wednesday. Zuckerberg, who famously closed a $1 billion deal to buy photo-sharing service Instagram over a weekend in mid-2012, revealed on Wednesday that he proposed the tie-up over dinner with CEO Koum just 10 days earlier, on the night of February 9. WhatsApp was the leader among a wave of smartphone-based messaging apps that are now sweeping across North America, Asia and Europe. Although WhatsApp has adhered strictly to its core functionality of mimicking texting, other apps, such as Line in Japan or Tencent Holdings Ltd’s WeChat, offer games or even e-commerce on top of their popular messaging features. The deal provides Facebook entree to new users, including teens who eschew the mainstream social networks but prefer WhatsApp and rivals, which have exploded in size as private messaging takes off. “People are calling them ‘Facebook Nevers,’” said Jeremy Liew, a partner at Lightspeed and an early investor in Snapchat. How the service will pay for itself is not yet clear. Zuckerberg and Koum on the conference call did not say how the company would make money beyond a $1 annual fee, which is not charged for the first year. “The right strategy is to continue to focus on growth and product,” Zuckerberg said. Zuckerberg and Koum said that WhatsApp will continue to operate independently, and promised to continue its policy of no advertising. “Communication is the one thing that you have to use daily, and it has a strong network effect,” said Jonathan Teo, an early investor in Snapchat, another red-hot messaging company that flirted year ago with a multibillion dollar acquisition offer from Facebook. “Facebook is more about content and has not yet fully figured out communication.” Price tag Even so, many balked at the price tag. Facebook is paying $42 per user with the deal, dwarfing its own $33 per user cost of acquiring Instagram. By comparison, Japanese e-commerce giant Rakuten just bought messaging service Viber for $3 per user, in a $900 million deal. Rick Summer, an analyst with Morningstar, warned that while investors may welcome the addition of such a high-growth asset, it may point to an inherent weakness in the social networking company that has seen growth slow in recent quarters. “This is a tacit admission that Facebook can’t do things that other networks are doing,” he said, pointing to the fact that Facebook had photo-sharing and messaging before it bought Instagram and WhatsApp. “They can’t replicate what other companies are doing so they go out and buy them. That’s not all together encouraging necessarily and I think deals like these won’t be the last one and that is something for investors to consider.” Venture capitalist Sequoia Capital, which invested in WhatsApp in February 2011 and led three rounds of financing altogether, holds a stake worth roughly $3 billion of the $19 billion valuation, according to people familiar with the matter. “Goodness gracious, it’s a good deal for WhatsApp,” said Teo, the early investor in Snapchat. Facebook pledged a break-up fee of $1 billion in cash and $1 billion in stock if the deal falls through. Facebook was advised by Allen & Co, while WhatsApp has enlisted Morgan Stanley for the deal. Shares in Facebook slid 2.5 percent to $66.36 after hours, from a close of $68.06 on the Nasdaq. “No matter how you look at it this is an expensive deal and a very big bet and very big bets either work out or they perform quite poorly,” Summer said. “Given the relative size, the enterprise valuations this is a very significant deal and it may not be the last one.” WhatsApp: a booming smartphone message service WhatsApp was launched five years ago as a shot at doing to text messaging what Skype did to telephone calls. If Facebook’s move to buy the startup in a cash-and-stock deal valued as high as $19 billion is any indication, the California-based WhatsApp may have hit the mark. The firm founded by former Yahoo employees Brian Acton and Jan Koum in 2009 took its name from a play on the phrase “What’s Up,” according to its website. They also devoted themselves to a credo of “No Ads. No Games. No Gimmicks.” A note stating just that and signed by Acton remains taped to Koum’s desk, according to venture capital firm Sequoia, which invested in the startup early and stands to cash in big time on the Facebook take-over. The “contrarian approach” of gathering no information about users for targeting ads was shaped by Ukraine-born Koum’s aversion to tactics of secret police in communist countries, Sequoia partner Jim Goetz said in an online note. “Jan’s childhood made him appreciate communication that was not bugged or taped,” Goetz said. “When he arrived in the US as a 16-year-old immigrant living on food stamps, he had the extra incentive of wanting to stay in touch with his family in Russia and the Ukraine.” Koum remained true to those ideas when, after working at Yahoo with his “mentor” Acton, he turned to building WhatsApp, according to Goetz. The stated mission was to build a better alternative to traditional SMS messaging in a world where smartphones were clearly becoming ubiquitous. The founders jokingly described themselves at the website as “two guys who spent combined 20 years doing geeky stuff at Yahoo! Inc.” WhatsApp is a platform for sending images, video, audio, or text messages for free over the Internet using data connections of smartphones. The application is free, but after using it for a year, there is an annual subscription fee of 99 cents. “We feel that this model will allow us to become the communications service of the 21 st century, and provide you the best way to stay in touch with your friends and family with no ads getting in the way,” the startup said in a blog post discussing pricing. WhatsApp is reported to have grown stunningly fast to more than 450 million users and said to handle 50 billion messages daily. As of the start of this year, WhatsApp had 50 employees, more than 30 of them engineers. While the company has its headquarters in the California city of Mountain View, where Google has its main campus, most of the engineering work is reportedly done in Russia. – AFP For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
