OBITUARY Alexander T Fairweather 90

first_imgShare this:TwitterFacebookLike this:Like Loading… RelatedOBITUARY: John H. Nee, 93In “Obituaries”OBITUARY: Anthony Charles Mack, 78In “Obituaries”OBITUARY: James Thayer Hastings, 84In “Obituaries” NORTH READING, MA — Alexander T. Fairweather, 90, of North Reading and formerly of Wilmington, died unexpectedly at his home on Friday, November 30, 2018.Born in Somerville, MA on October 31, 1928. He was the son of the late Alexander and Mary Jane (Scott) Fairweather. He was raised and educated in Wilmington and graduated from Wilmington High School, Class of 1948.He proudly served his country in the U.S. Navy, during the Korean War from 1950 to 1954, he served on the USS Howard Gilmore and he received an honorable discharge.Alex went into the plumbing trade, he was member of the Plumbing Local 12 in Boston, 283 in Lawrence and Local 138 in Salem.He loved his family, hunting and fishing, his boat, playing the drums and listening to classical music. Alex was also an avid Patriot fan. He has been a resident of North Reading for 55 years.Family members include his loving wife of 56 years, Joan A. (Turner) Fairweather; his son, Lee Fairweather and his wife Evelyn; his grandson, Scott Fairweather and late grandson, Joseph Fairweather; he was the brother of the late James Fairweather, Betty Long and Mary Hollenbeck.Funeral services will be private. In lieu of flowers memorial donations may be made in his memory to the charity of one’s choice. Arrangements are by the Croswell Funeral Home, 19 Bow Street, North Reading. http://www.croswellfuneralhome.com.Alexander T. Fairweather(NOTE: The above obituary is from Croswell Funeral Home.)Thank You To Our Sponsor:last_img read more

Tata Steel shares surge over 4 on UK investment plan

first_imgShares of private sector steel manufacturer Tata Steel surged over 3 percent in early morning trade on Thursday as the company said it would remain engaged in UK facilities for 10 years with a 1 billion pound investment commitment. At 11.10 am, shares of Tata Steel were trading 4 percent higher at Rs 428.55 at the National Stock Exchange (NSE).According to a report on PTI, the Indian steel giant pledged to stay in Britain for 10 years as part of its talks with steelworkers’ union to save thousands of jobs in UK. The Tata Group company also offered a number of guarantees to workers including a minimum 5-year commitment to keep both furnaces operational at UK’s largest steel plant facility, Port Talbot Steelworks.In an important move, the company would also start consultation with its employees next week for replacing the existing British Steel Pension Scheme, which has liabilities of over 15 billion pound.”Tata Steel UK has developed a long-term investment plan to make the business more competitive in the future. The delivery of the transformation plan in the next couple of years, combined with a structural solution for the British Steel Pension Scheme fund, is essential to provide the affordability and financial self-sufficiency for future investments and also service its financial obligation to its stakeholders,” the report quoted Koushik Chatterjee, group executive director, Tata Steel and executive director for Tata Steel’s European business as saying.According to global brokerage firm Credit Suisse, delinking pension fund would help the company merge its European assets with Germany’s Thyssenkrupp. “Delinking pension fund should pave way for Thyssenkrupp joint venture, which could take 6-12 months to materialize,” the brokerage firm said in a note.Notably, Tata Steel’s European operations are reeling under loses in recent years owing to weak demand for steel coupled with cheap imports from China. Though it accounts for around 60 percent of Tata Steel’s revenue, losses from European facilities have pulled down the company’s profitability to a large extent.last_img read more

US China clash over BRI in Afghan resolution

first_imgA map illustrating China`s silk road economic belt and the 21st century maritime silk road, or the so-called `One Belt, One Road` megaproject, is displayed at the Asian Financial Forum in Hong Kong, China, on 18 January 2016. — Photo: ReutersThe United States and China clashed Friday over Beijing’s $1 trillion “belt and road” global infrastructure program after the Security Council unanimously approved a bare bones resolution extending the mandate of the UN political mission in Afghanistan for six months.Last year’s resolution extending the mission’s mandate for a year welcomed and urged further efforts to strengthen regional economic cooperation involving Afghanistan, including through the massive “belt and road” initiative to link China to Europe, Africa and other parts of Asia. The 2016 and 2017 council resolutions had similar language.Council diplomats said China wanted the “belt and road” language included in this year’s resolution – but the United States objected.US deputy ambassador Jonathan Cohen told the council after the vote that “China held the resolution hostage and insisted on making it about Chinese national political priorities rather than the people of Afghanistan.”He said the Trump administration opposed China’s demand “that the resolution highlight its belt and road initiative, despite its tenuous ties to Afghanistan and known problems with corruption, debt distress, environmental damage, and lack of transparency.”China’s deputy ambassador Wu Haitao countered that Cohen’s remarks were “at variance with the facts and are fraught with prejudice.” He also said one council member – almost certainly referring to the U.S. – “poisoned the atmosphere” which led to the council’s failure to adopt a substantive resolution.Wu noted that since the “belt and road” initiative was launched six years ago, 123 countries and 29 international organizations have signed agreements of cooperation with China on joint development programs.”The ‘belt and road’ initiative is conducive to Afghanistan’s reconstruction and economic development,” Wu said. “Under this framework, China and Afghanistan will continue to strengthen cooperation in various fields, promote economic and social development in the country and the integration of Afghanistan into regional development.”He stressed that the program “has nothing to do with geopolitics.”Germany’s UN Ambassador Christoph Heusgen, who drafted the resolution with Indonesia’s UN Ambassador Dian Djani, expressed regret that “issues that have nothing to do” with the work of the UN peacekeeping mission in Afghanistan made it impossible to adopt a substantive resolution.”We very much regret that such topics as the upcoming elections (in Afghanistan), the participation of women in the Afghan peace process, the situation of children in armed conflict, the nexus between climate change and security, are no longer reflected in this resolution,” Heusgen said.The resolution does extend UNAMA’s mission until Sept. 17, 2019 and stresses “the central importance of a comprehensive and inclusive Afghan-led and Afghan-owned political process towards a peaceful resolution of the conflict and a comprehensive political settlement.” And it welcomes “progress in this regard.”But Heusgen said the text isn’t satisfactory to any of the 15 council members.He expressed hope that in the next six months the UN’s most powerful body would be able to overcome its differences and adopt a resolution that also reflects on the peace process and the upcoming elections.last_img