Sweden arrests man over arson attack on mosque

Policemen stand outside a mosque in Uppsala, in this January 2, 2015 file photo. (AFP)
Updated 27 September 2017

Sweden arrests man over arson attack on mosque

STOCKHOLM: Swedish police on Tuesday arrested a man suspected of an arson attack that damaged a mosque overnight in the city of Orebro, the latest in a string of such incidents in recent years.
“We currently see no political or religious motives to this crime and we refrain from all kinds of speculation,” Bo Andersson, the police chief of Orebro, about 200 km west of Stockholm, said at a news conference.
He said the suspect was born in 1997, but declined to provide further details.
He also said police were “excluding nothing” in the investigation.
Images on the mosque’s Facebook page showed a large part of the building burned down as smoke rose from its roof after the attack, which occurred early Tuesday.
The mosque can host up to 250 people inside, and has thousands of visitors every month.
“It’s a sad day today for Muslims in Orebro and in Sweden. It doesn’t feel good at all to wake up to a destroyed mosque,” Jamal Lamhamdi, head of the mosque’s foundation, told local newspaper Nerikes Allehanda.
Several mosques in Sweden have been the target of arson attacks and vandalism in recent years but few of the perpetrators have been caught. No one has died in the attacks.
Sweden’s largest mosque, in a northern suburb of Stockholm, was badly damaged in a suspected arson attack in April.
Several other mosques have been broken into, with vandals sometimes drawing swastikas inside the premises.


Barclays sees $2 per barrel impact to oil prices as coronavirus fears threaten demand

Updated 17 min 34 sec ago

Barclays sees $2 per barrel impact to oil prices as coronavirus fears threaten demand

  • More than 100 people have died and over 4,000 cases of the new virus have been confirmed in China
  • Barclays expects the OPEC and other allies to step in and take further measures to keep the markets tight

BENGALURU: Barclays said on Tuesday oil prices will be impacted by $2 per barrel on the potential economic fallout from the coronavirus outbreak in China.
More than 100 people have died and over 4,000 cases of the new virus have been confirmed in China, leading authorities to increase preventive measures, impose travel restrictions and also extend the Lunar New Year holidays to limit the spread of the virus.
The bank sees a $2 per barrel downside to their full-year Brent and WTI forecasts of $62 per barrel and $57 per barrel, respectively.
Compounding the effects of the spillover to economic growth from China and the region, Barclays expects transitory oil demand erosion of about 0.6-0.8 million barrels per day (mb/d) in the first quarter of this year, or 0.2 mb/d for the full year.
“If air passenger traffic in China declined by half in first quarter of 2020, it would likely lead to a 300,000 barrels per day year on year decline in jet-kerosene demand from China,” the bank said adding the fall in road transport would likely be less severe than in the past given reduced reliance on buses.
Barclays expects the Organization of the Petroleum Exporting Countries and other allies to step in and take further measures to keep the markets tight, in case the fall in demand is more acute.
Oil prices have been down for the last six sessions, but the bank said that the market reaction was likely overdone.
Barclays said the actual economic fallout from the coronavirus could be less severe than the 2003 SARS outbreak, given that the new virus seems less lethal than SARS so far and the measures taken by Chinese authorities.
The bank said the geopolitical risks to global supplies remain high as US-Iran tensions could continue to gradually escalate and oil production in Libya could fall further if the blockade of key infrastructure facilities continues.
Brent crude prices are currently trading around $59 per barrel and US WTI at around at $53 per barrel.