Ace Worldwide News Group 20:43 on 19/10/2019

(BEIJING, China.) JUST IN: Economy grew at a slower pace than expected in the third quarter as it struggled with a US-led trade war and softer domestic demand: In the three months to September, the economy expanded 6% and not 6.1% as expected from a year earlier, official figures showed #AceFinanceDesk reports

#AceFinanceReport – Oct.19: The result fell just short of expectations for 6.1% growth for the period: The slowdown comes despite government efforts to support the economy, including measures such as tax cuts: The latest figures mark a further loss of momentum in the world’s second largest economy, which had already seen growth languishing at its slowest pace in around three decades: The rate remained within the government’s target range for annual growth of between 6% and 6.5%……………The strength of the Chinese economy is closely watched as slowing growth can have far-reaching consequences for the global economy………..The country has become a key engine of growth in recent decades. Its healthy demand for a range of products, from commodities to machinery, has supported growth around the world…………….Some analysts worry that a sharp slowdown in China could hurt an already sluggish world economy and increase the risk of a recession. Chart on China GDP

Julian Evans-Pritchard, senior China economist at Capital Economics, said pressure on the Chinese economy “should intensify in the coming months” ……………He said more intervention by policymakers to support the economy was likely “but it will take time for this to put a floor beneath economic growth”.

What challenges does China face? China has been fighting a trade war with the US for the past year, which has created uncertainty for businesses and consumers: At the same time, it faces domestic challenges including a swine fever outbreak that has fuelled inflation and hit consumer spending.

A woman works in a shoe factory in China Getty ImagesChina accounted for 16% of global gross domestic product in 2018, according to the McKinsey Global Institute

This week the International Monetary Fund trimmed its 2019 growth forecast for China to 6.1% from 6.2% due to the long-running trade dispute and slowing domestic demand: But there have been some signs of progress toward resolving the trade battle, with the US and China reaching a “phase one deal” earlier this month US postpones next tariff hike after China trade talks …………..The government has sought to help the economy through tax cuts and by taking measures to boost liquidity in the financial system…………….Still, some analysts say the government has become more cautious in providing stimulus amid growing concerns about China’s rising debt pile.

Analysis box by Karishma Vaswani, Asia business correspondent

Any analysis of China’s economic data has to come with a caveat: Many economists believe the actual figures are much lower than what we are told, but it’s the trajectory of growth and signalling from the government that you should pay attention to………….The fact that the growth figures have come in below market expectations indicate that China’s economy is hurting more than many thought……….There were signs from China that these numbers were going to be worrying. Earlier this week, Premier Li Keqiang made the unusual move to warn local officials that they must do “everything” to make sure they hit growth targets for this year.

China’s economy is being hit on three fronts: The US-led trade war, slowing demand at home and rising domestic challenges including the outbreak of swine fever that has dealt a huge blow to its pork farmers. It’s also pushed up prices for consumers: China’s slowdown is nothing new. But these challenges pose new headaches for policymakers who are trying to manage the slowdown. The country’s political stability depends on economic security – and over the last forty years, that’s what the Communist Party has delivered. They’re under pressure to keep that contract.

#AceNewsDesk reports ……………Published: Oct.19: 2019:

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Ace Worldwide News Group 20:40 on 19/10/2019

(TEHRAN, Iran.) JUST IN: Government planning to raise 100-trillion rials ($869.5-million) in Sukkuk (bonds) through the local bourse that are compliant with Islamic Law according to IRNA Agency cited an official from SEO as saying on Saturday #AceFinanceDesk reports

#AceFinanceReport – Oct.19: The Iranian government is planning to implement its largest financing scheme through the local stock market by issuing nearly $870 million in sukuk, or bonds compliant with the Islamic law: In a Saturday report, the IRNA agency cited an official from the Securities and Exchange Organization of Iran (SEO) as saying that sukuk worth 100 trillion rials ($869.5 million) will be issued through a middle company working for Iran’s ministry of finance in the week beginning October 27, 2019……………………Gholamreza Aboutorabi said the bonds will be exempt from normal registration procedures in the SEO, suggesting they will be easier for future trade, adding that Iran’s Plan and Budget Organization (PBO) will guarantee payment of the interest at a rate of at least %17.9, as the rate is not fixed to comply with Islamic laws, and the principal of the debt certificates…..Aboutorabi said the interest for the sokuk, which have a maturity of three years, will be funded through the income derived from government taxation, adding that investors will receive their interest payments in six-month intervals. PressTV-Iran raises $700mn for oil project financing

Iranian officials say over $700 million have been raised for oil projects through the local bourse.

The report by IRNA said the planned debt issuance will be the largest ever carried out by the Iranian government: It comes amid intensive efforts to continue to fund key development projects across Iran at a time sanctions imposed by the United States have affected government’s normal revenues: Issuance of sukuk also comes amid a historic boom in trade in Tehran Stock Exchange where major companies, especially those active in the oil and gas industry, are benefitting from a flow of capital from speculative markets like foreign currency and gold.

#AceFinanceDesk reports …………..Published: Oct.19: 2019:

Ace Worldwide News Group 19:50 on 19/10/2019

(NEW JERSEY) JUST IN: A man possibly trying to escape attackers jumped out of a car and tried to run onto the street, then apparently was caught and murdered, his body left in the middle of the road, a law enforcement source familiar with the case tells News4 #AceNewsDesk reports

#AceNewsReport – Oct.19: A person passing through the area came upon the grisly scene on Hurley Pond Road around 3:15 a.m. Friday. Responding officers initially thought the dead man was a hit-and-run victim, the law-enforcement source said.

The man, thought to be in his 20s, appeared to have had his face hacked, a witness reported. The body had significant trauma.

The area was shut down for hours as authorities investigated and is still ongoing.

#AceNewsDesk reports ……………Published: Oct.19: 2019: // NBC New York

Ace Worldwide News Group 19:41 on 19/10/2019

(LAKE VIEW, Chicago.) CPD Report: A man was found shot dead in Chicago’s Lake View neighbourhood on Thursday evening in a vehicle according to police officers after a drive-by-shooting took place #AceNewsDesk reports

#AceNewsReport – Oct.19: A 53-year-old man is dead after he was shot in Chicago’s Lake View neighbourhood on Thursday evening, according to police: Authorities say that the man was inside of a vehicle in the 3700 block of North Ashland at approximately 4:14 p.m. when a man in a white SUV approached and a man inside opened fire, striking the victim in the neck.

The man was taken to Illinois Masonic Hospital in critical condition, and later succumbed to his injuries, police said.

Area North detectives are continuing to investigate the shooting, and no arrests have been made.

#AceNewsDesk reports ……………..Published: Oct.19: 2019: NBC.Com/

Ace Worldwide News Group 19:08 on 19/10/2019
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(GRT MANCHESTER) GM Police Operation Warren Report: Dawn raid by a team of officers who executed warrants at an address in Stockport and arrested three people as part of the ongoing investigation into the attempted murder of a 19yr-old man #AceNewsDesk reports

#AceNewsReport – Oct.19: This morning (Thursday 17 October 2019) a team of officers executed warrants at an address in Stockport: The warrants were executed as part of Operation Warren – an ongoing investigation in response to the attempted murder of a 19 year old man in Stockport: Detectives launched an investigation when the teenager was seriously assaulted injuries at around 7.50am on Wednesday 25 September 2019 on Hardman Street in Stockport.

Detective Constable Edward Hooley of GMP’s Stockport division said: “Today’s actions demonstrate the firm stance GMP are taking against those offenders committing violent crime” ……………..“We now have three people in custody and that is testament to the hard work and dedication of the team here in Stockport who have worked tirelessly in order to disrupt a dangerous and brazen organised crime group……………….“The horrifying and calculated nature of this crime should not be underestimated and could have easily ended a young man’s life……………………“I hope that today’s arrests show how seriously we take this kind of criminality and demonstrates just how dedicated GMP are……………………“If the wider public and local Stockport community take one message from today’s action- please let it be that we will do all we can to bring offenders to justice and make sure additional resources are in place across the area to ensure public safety.”

Anyone with information should contact police on 101 or the independent charity Crimestoppers anonymously on 0800 555 111.

#AceNewsDesk reports ……………..Published: Oct.19: 2019:

Ace Worldwide News Group 17:23 on 19/10/2019
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(LAS VEGAS, Nev.) Metropolitan Police Dept Report: Arrest of Christopher Prestipino who is facing charges of murder, conspiracy to commit murder and first degree kidnapping, according to court records after a woman ’s body was found encased in concrete #AceNewsDesk reports

#AceNewsReport – Oct.19: A 45-year-old man was arrested on murder charges after a woman’s body was found encased in a concrete and wooden structure in the Nevada desert, NBC News reported: Christopher Prestipino is facing charges of murder, conspiracy to commit murder and first degree kidnapping, according to court records………………….Detectives located the body in the desert north of Las Vegas on Oct. 8 and connected it to a missing person’s case from late May, according to NBC affiliate KSNV……………….The Clark County District Attorney’s office identified the woman as 24-year-old Esmeralda Gonzalez.

Credit: Las Vegas Metropolitan Police Department

Las Vegas Metropolitan Police received a tip in July that Prestipino may have been involved with a woman who went missing on May 31, according to KSNV: Detectives said that the woman was held against her will inside Prestipino’s residence and murdered.

A lawyer for Prestipino did not respond to a request for comment from NBC News.

#AceNewsDesk reports …………………Published: Oct.19: 2019:

Ace Worldwide News Group 17:15 on 19/10/2019

(GRT MANCHESTER) Court Report: A man who delivered blows with an axe – Mohammed Sajid (21/02/1996) of Rochdale – was sentenced Fri.18.Oct: to 18-years in prison after being found guilty of attempted murder together with three other men sentenced with various offences and terms #AceNewsDesk reports

#AceNewsReport – Oct.19: The man who delivered the blows with the axe – Mohammed Sajid (21/02/1996) of Moss Cottage, Kings Road, Rochdale – was sentenced today (Friday 18 October 2019) to 18 years in prison: He was found guilty of attempted murder following a four week trial at Manchester Minshull Street Crown Court: On 17 October 2017, two workmen were travelling on Church Road in Rochdale when they came across Habibur Rahman launching a furious tirade at a woman sat in a stationary Citroen: After realising that the two men were watching, Habibur approached their car and began hurling abuse at them too before leaning over to touch the vehicle, prompting one of them to get out and push him away………….At this point Habibur started making threats and pulled out his phone, claiming that the man would ‘regret it’ as this was ‘his area’ and he should ‘just wait and see’…………….After becoming increasingly concerned by the threats, the men drove away but heard Habibur shout after them “I’m gonna get my boys down”……………….A short time later, the men were packing up their tools at a nearby worksite, along with two other colleagues, when their car was blocked in by a Vauxhall Zafira. Habibur emerged from the car and began walking towards the four men shouting “You’re going to get it”………………….Two other vehicles then pulled up and a large group of men armed with an axe, machete and a claw hammer emerged and made a beeline for the intended targets………………….As they closed in on the workmen, Habibur punched the man he had been involved in the original confrontation with, cueing the start of the attack…………Once the assault had begun, Sajid approached one of the two men who hadn’t been present during the original confrontation and said to him “You’re going to get stabbed bro” whilst wielding an axe…………..He swung the axe, striking the victim in the ribs, instantly breaking them and puncturing one of his lungs. He then lifted the weapon high into the air and brought it down in the direction of the victim’s head but the victim put his arm up to protect himself………..Unfortunately the axe came down with such force that it almost chopped his hand off, leaving him with life changing injuries…….After witnessing the disgusting attack on his colleague and fearing for their safety, one of the workmen started the motor of a chainsaw in an attempt to scare the attackers off: This plan worked and the offenders fled the scene:

Speaking after the sentencing, Superintendent Richard Hunt of GMP’s Rochdale District, said: “There are not many fitting words to describe this attack but two that spring to mind are disgusting and brutal: “The incident itself is unbelievable but the fact that it stemmed from such a minor confrontation is staggering………………“Mohammed Sajid’s decision to bring and use an axe left a 19-year-old man with life changing injuries that required multiple surgeries and has affected his ability to work……………“The sentences secured today are as a result of the meticulous investigation work of our officers. Their dedication to bringing criminals like this in front of a judge to answer for their crimes means Rochdale is a safer place and we cannot forget that without the support from our communities, this simply would not be possible……….“The men involved in this brutal attack fully deserve the sentences imposed on them today and I hope it will bring the victim, witnesses and the family in the case some closure to this terrible chapter of their lives……………“For them, having to not only relive what happened but have it played out in court for everyone to see has been far from easy. I’d like to pay tribute to their stoicism and the support they’ve shown. Thank you.”

The full breakdown of the sentences passed is:

•Mohammed Sajid (21/02/1996) of Moss Cottage, Kings Road, Rochdale, was sentenced to 18 years in prison after being found guilty of conspiracy to commit violent disorder and section 18 wounding with intent to commit.
•Arslan Ali (16/01/1996) of Louise Gardens, Rochdale was sentenced to 4 years in prison after being found guilty of conspiracy to commit violent disorder.
•Zillur Rahman (10/09/1990) of Milnrow Road, Rochdale was sentenced to 3 years in prison after being found guilty of conspiracy to commit violent disorder.
•Habibur Rahman (19/08/1992) of Milnrow Road, Rochdale was sentenced to 4 and a half years in prison after being found guilty of conspiracy to commit violent disorder, section 47 assault and ocssioning actual bodily harm.