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Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.
Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine
Israel flashes geopolitical warning at shaky time
  + stars: | 2023-10-09 | by ( George Hay | ) www.reuters.com   time to read: +4 min
The Kingdom’s rulers have historically supported Palestinian rights and opposed Israel, while waging proxy wars against Iran. Indeed, one motivation of the Hamas attacks may have been to provoke an Israeli response that derails those negotiations. At a time when the global economy needs inflationary geopolitical risks to simmer down, more are flashing red. In response, Israeli air strikes hit housing blocks, tunnels, a mosque and homes of Hamas officials in Gaza, killing more than 400 people, Reuters reported. President Joe Biden said on Saturday that Israel had the right to defend itself and issued a warning to Iran and other countries hostile to Israel not to exploit the attacks.
Persons: Benjamin Netanyahu’s, Joe Biden, Netanyahu, Saudi Crown Prince Mohammed bin Salman, Biden, toughening, Israel, Benjamin Netanyahu, , Brent, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Hamas, Iran, Saudi Crown, Sunday, Thomson Locations: Ukraine, United States, China, Israel, Gaza, Iran, Jerusalem, Tehran, Saudi Arabia, U.S, Saudi, Germany, Italy, Britain
CNN —The Nobel Peace Prize will be awarded in Norway on Friday, as Russia’s brutal invasion of Ukraine rages on and other flashpoints threaten to ignite across the globe. But the peace prize can serve as a beacon of hope in fraught and fractured times. “I think it’s precisely in a situation like this that the peace prize becomes particularly important. But Nobel specialists have been quick to dismiss such speculation, saying it is rare for the peace award to go to a wartime leader. “It would be like saying in 1941 that (then-British Prime Minister) Winston Churchill should get the Nobel Peace Prize.
Persons: humanity’s, “ There’s, ” Dan Smith, ” Henrik Urdal, Volodymyr Zelensky, Winston Churchill, Zelensky, ” Smith, Bryan R, Smith, Urdal, , , ” Urdal, Alfred Nobel’s, Vladimir Putin, Putin, Center for Civil Liberties –, Ales Bialiatski, Dmitry Muratov, Muratov, ANDERSEN, El Niño, El Niño hasn’t, Victoria Tauli, Annie Ling, Juan Carlos Jintiach, Raoni Metuktire, Evaristo Sa, Lula da Silva Organizations: CNN, Stockholm International Peace Research Institute, Peace Research Institute, British, Getty, International Court of Justice, ICJ, Criminal Court, ICC, Ukraine – Memorial, Center for Civil Liberties, AFP, UN, New York Times, Brazilian Amazon, Brazil Locations: Norway, Ukraine, Stockholm, Peace Research Institute Oslo, Europe, SIPRI, AFP, Russia, Rome, Belarusian, Russian, Oslo, China, Pakistan, Canada, New York, Mexico, , Victoria, Ecuadorian, Brazilian, Amazonia
However, recent developments, especially within the Chinese government and the party, have cast doubt on whether that would happen. Questions are swirling around recent purges within the top levels of the Chinese government and the Communist Party. U.S. officials determined last week that Gen. Li Shangfu, the Chinese defense minister, who had not made any public appearances or pronouncements since late August, had been placed under investigation for corruption. Secretary of State Antony J. Blinken traveled to Beijing in June for two days of meetings, mainly separate talks with Mr. Xi, Mr. Wang and Mr. Qin, after canceling a trip during the balloon episode in early February. She was followed by John Kerry, the special climate envoy, and Commerce Secretary Gina Raimondo.
Persons: Sullivan, Wang, Biden, Xi, Li Shangfu, Qin Gang, Antony J, Blinken, Qin, Janet L, Yellen, John Kerry, Gina Raimondo Organizations: Communist Party . U.S, Mr Locations: San Francisco, United States, China, Beijing
Chinese leader Xi Jinping will be absent from the gathering, with Beijing giving no reason for the surprise miss – a move widely seen as a snub to India. Nevertheless, analysts say the gathering affords Modi a unique chance to shine on the world stage and flex India’s geopolitical muscle. India can act as a bridge,” said Kajari Kamal, associate professor at the Takshashila Institution in India. “For a long time, India was perceived as a nation of over 1 billion hungry stomachs,” Modi said in an interview with the Press Trust of India on Sunday. “It’s giving a great boost to infrastructure domestically, and to the world, it’s showcasing India’s culture and its rich heritage,” she added.
Persons: Narendra Modi, Modi, Modi’s statecraft, Xi Jinping, Vladimir Putin, Joe Biden, Mikhail Svetlov, , Kajari Kamal, , ” Modi, , Kamal, It’s, Putin, Biden, Akhil Ramesh, Xi, Putin –, Michael Kugelman, it’s, Ramesh Organizations: CNN, Indian, Beijing, Kremlin, East, Takshashila, Press Trust of India, Pacific Forum, South Asia Institute, Wilson Center, Ukraine, White, Shanghai Cooperation Organization, SCO, Union, Pacific Locations: New Delhi, Ukraine, China, Russia, India, Russian, Moscow, Osaka, Japan, South, , Australia, United States, Britain, East, Honolulu, Washington, Kremlin Moscow, Delhi
China’s new national map has angered its neighbors
  + stars: | 2023-08-31 | by ( Rhea Mogul | ) edition.cnn.com   time to read: +6 min
CNN —The Philippines has become the latest of China’s neighbors to object to its new national map, joining Malaysia and India in releasing strongly worded statements accusing Beijing of claiming their territory. The map is the “latest attempt to legitimize China’s purported sovereignty and jurisdiction over Philippine features and maritime zones (and) has no basis under international law,” the Philippines Foreign Affairs department said in a statement. India was the first to complain on Tuesday when it lodged a “strong protest” about the inclusion of the Indian state of Arunachal Pradesh and the disputed Aksai-Chin plateau in Chinese territory. “In this climate, while both sides may publicly express their interest in easing tensions, I do not see this happening. This map issue is very serious … the prime minister should speak about it,” he added.
Persons: , Arindam Bagchi, China’s, Wang Wenbin, , Xi Jinping, Narendra Modi, Xi, Modi, Akhil Ramesh, Aksai Chin, Mallikarjun Kharge, Rahul Gandhi Organizations: CNN, Beijing, South China, Philippines Foreign Affairs, Malaysia’s Ministry of Foreign Affairs, Foreign Ministry, Indian, Pacific Forum, Modi, Huawei Locations: Philippines, Malaysia, India, China, Beijing, South, Manila, Arunachal Pradesh, Chin, Asia, South Africa, New Delhi, Honolulu, , Galwan, Tawang, LAC, Ladakh, United States, Japan, US, Australia, Jammu, Kashmir, Pakistan
Beijing views Washington as bent on suppressing its development and global rise, while Washington has proclaimed the need to protect its national security and the world order from an increasingly authoritarian and assertive China. Washington last year imposed sweeping curbs on exports of critical technology to China in the name of security, and Beijing has responded with export controls of its own. China has refused US overtures to restore those ties, apparently until Washington removes sanctions against its defense minister Li Shangfu. US climate envoy John Kerry during a meeting with top Chinese diplomat Wang Yi in the Great Hall of the People on July 18, 2023 in Beijing, China. But all this doesn’t mean there’s no room to work together, according to Shanghai-based international relations scholar Shen Dingli.
Persons: Nancy Pelosi, Xi Jinping, Joe Biden, Antony Blinken, Janet Yellen, John Kerry, Li Qiang, Wang Yi, , , Chong Ja Ian, , Suisheng Zhao, Kerry, Wang, ” Yellen, Li, Li Shangfu, Shi Yinhong, Florence Lo, Shen Dingli, ” Shen, Shen, Blinken, ” Blinken, Xi, Qin Gang, Yun Sun, Chong Organizations: Hong Kong CNN, Washington, US, Treasury, National University of Singapore, US Air Force, Air Force, South Carolina . U.S . Air Force, Department of Defense, Reuters, Center for, Cooperation, University of Denver, China’s Communist Party, Renmin University, of, CNN, , Economic Cooperation, Foreign, China Program, Stimson, Locations: Hong Kong, Beijing, Ukraine, United States, China, Taiwan, Bali, , South Carolina . U.S, Washington, Center for China, South, Shanghai, Asia, Singapore
Illinois Governor J.B. Pritzker, a Democrat, signed the historic measure into law on Monday in a Chicago library. The law goes into effect on Jan. 1, 2024, the governor's office said in a statement. "Here in Illinois, we don't hide from the truth, we embrace it," Pritzker said. Under the new law, Illinois public libraries can only access state grants if they adopt the American Library Association's Library Bill of Rights, which stipulates that "materials should not be proscribed or removed because of partisan or doctrinal disapproval." Other states may choose to embrace prejudice and divisive ideologies, but our state is going in a better direction," said Democratic State Representative Anne Stava-Murray, who represents Downers Grove, in support of the Illinois measure.
Persons: J.B, Pritzker, shouldn't, Laura Hois, We're, Representative Anne Stava, Murray, Maia Kobabe, Toni Morrison, Amanda Gorman, Joe Biden's, Brendan O'Brien, Aurora Ellis Organizations: Illinois, American, Association's, Republican, PEN America, American Library Association, ALA, ABC, Democratic, Representative, Downers, Thomson Locations: Illinois, United States, Chicago, U.S, Florida, Texas, Downers Grove, Utah , Missouri, Miami, Dade County
[1/4] Li Yunze, director of China's National Financial Regulatory Administration (NFRA), speaks at the Lujiazui Forum in Shanghai, China June 8, 2023. REUTERS/Jason XueSHANGHAI/BEIJING, June 8 (Reuters) - China is open for investment, the country's top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome. "Opening up is China's long-term national policy, and the door of China's financial industry will only be opened wider and wider." Yi Huiman, chairman of the China Securities Regulatory Commission, told forum participants that China will "adamantly" push for deregulation in terms of market access, institution qualification and products. Internal circulation will be supported by "external circulation," as in foreign financing and China's interactions with the global economy.
Persons: Li Yunze, Jason Xue, Goldman Sachs Group's, David Solomon, Tesla's, Elon Musk, Xi, Merrill Lynch, Li, Jane Fraser, Yi Huiman, Noah Fraser, Yi, Joe Cash, Shri Navaratnam, Edmund Klamann, Kim Coghill Organizations: China's, Financial Regulatory Administration, REUTERS, HSBC, Credit Agricole, Mizuho Financial, Paypal, China Securities Regulatory Commission, Canada China Business Council, Shanghai, Thomson Locations: Shanghai, China, Jason Xue SHANGHAI, BEIJING, U.S, flashpoints, Ukraine, South, Beijing, Inner Mongolia, Russia, Mongolia
And while Musk has mentioned the trip in two posts since leaving, he didn't tweet once while in China. That said, after three years of harsh COVID curbs that hampered entry into China, foreign CEOs appear eager to get the lay of the land. Sixty-seven foreign business leaders attended the high-profile China Development Forum this year, although that is still 20 fewer than in 2019. The few known comments by foreign CEOs whilst they were in China have been in line with Biden's stance that he is not seeking to decouple the world's two largest economies. The foreign ministry quoted Musk as saying he was opposed to a decoupling of the U.S. and China economies which he described as "conjoined twins".
Persons: Elon Musk, Goldman Sachs, David Solomon, Musk, Goldman's Solomon, wariness, Xi, Noah Fraser, Tesla, Goldman, Joe Biden, Tim Cook, Patrick Gelsinger, Mary Barra, Stephen Schwarzman, Jamie Dimon, Christopher Johnson, JPMorgan's Dimon, Daniel Russel, Brenda Goh, Joe Cash, Selena Li, Zhang Yan, David Brunnstrom, David Shepardson, Edwina Gibbs Organizations: Media, Twitter, Canada China Business Council, EU Chamber of Commerce, U.S . Department of Commerce, U.S, flashpoints, General Motors, China, China Strategies, U.S ., JPMorgan, Blackstone, Intel, JPMorgan Global China Summit, Asia Society Policy Institute, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, U.S, Washington, Beijing, Blackstone's, East, Hong Kong
The United States has accused a Chinese fighter jet of engaging in an "unnecessarily aggressive maneuver" while intercepting a U.S. military reconnaissance aircraft in international airspace over the South China Sea. It is the latest in a series of flashpoints in the highly contested territory that China claims as its own. The U.S. aircraft was conducting "safe and routine operations over the South China Sea in international airspace, in accordance with international law," according to the statement. The South China Sea has been a major flashpoint in the Asia-Pacific in at least the last decade as China grew more assertive with its burgeoning economic clout bolstering its global influence. As part of its projection of power, China claims maritime jurisdiction over the strategic waterway that is rich with resources such as oil and gas.
Persons: Nancy Pelosi Organizations: U.S . Air Force, U.S, Pacific Command, United, China's Defense Ministry Locations: U.S, United States, South China, China, South, Asia, Pacific, Brunei, Indonesia, Malaysia, Philippines, Taiwan, Vietnam
But he's dismayed by the U.S.-China trade spats and the restrictions on a growing number of Chinese companies that have been imposed, or are being proposed, by U.S. lawmakers. "It's very unfair," he said, lamenting that competitors from other countries did not face similar issues when trying to expand into the United States. Reuters spoke to seven tech entrepreneurs from mainland China, most of them educated overseas, who would like to expand their businesses in the United States. Geopolitical tensions have meant a far less friendly atmosphere for mainland Chinese companies wanting to operate or gain funding in the United States, the entrepreneurs and consultants say. The U.S. Commerce Department did not respond to a request for comment on attitudes towards Chinese companies within the United States.
Persons: Florence Lo, Ryan, Trump, Joe Biden, Major flashpoints, James McGregor, Xi, Wilson, Chris Pereira, Shein, PDD, Pereira, Tommy, David Kirton, Eduardo Baptista, Casey, Brenda Goh, Edwina Gibbs Organizations: REUTERS, Huawei, U.S ., U.S, Micron Technology, Washington DC, Chinese Communist Party, Greater, APCO Worldwide, U.S . Commerce Department, Reuters, of Information, American Ecosystem Institute . Companies, PDD Holdings, U.S . Customs, Border Protection, Casey Hall, Thomson Locations: China, SHENZHEN, U.S, Washington, United States, Shenzhen, East Asia, North America, Hong Kong, Canada, Japan, Singapore, Montana, Greater China, Beijing, China's, Shanghai, Dublin
CNN —An enormous wooden horse presides over the marina in Çanakkale, a small port city southwest of Istanbul. The clapboard animal is a mock-up of the Trojan Horse of mythological fame. Çanakkale (pronounced cha-na-call-ay) stands adjacent to the archaeological site that was once the ancient city of Troy, best known as the setting of the Trojan War in Homer’s “Iliad.”A giant wooden horse watches over Çanakkale. Today when you visit Truva – either via car or a short bus ride from Çanakkale – a second model of the Trojan Horse looms at the entrance. “We know that there were many wars that occurred at Troy,” Rose explains.
But until the Kremlin chose to publicize the incident around 12 hours later, social media footage of the incident had gained little attention. Moscow said the alleged attack took place in the early hours of Wednesday. Two “unmanned aerial vehicles” were intercepted and destroyed before they caused any damage or injury, the Kremlin said. Ostorozhno Novosti/ReutersShortly after the first media reports, another video appearing to show the moment a drone exploded above the Kremlin began circulating widely on social media. In the video, the apparent drone seems to fly towards the building’s domed roof, followed by what looks like a small explosion.
When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics. In 2012, Thiel backed libertarian lawmaker Ron Paul, and in 2016 he donated some $1.25 million to the campaign efforts of Trump, who is the frontrunner for the 2024 Republican nomination. In the 2022 election cycle, however, Thiel emerged as a potential Republican kingmaker, contributing more than $35 million to 16 federal-level Republican candidates, according to OpenSecrets. The business associate said he was not aware of any special proviso for former employees.
Thiel is unhappy with the Republican Party's focus on hot-button U.S. cultural issues, said one of the sources, a business associate, citing abortion and restrictions on which bathrooms transgender students can use in schools as two examples. He believes Republicans are making a mistake in focusing on cultural flashpoints and should be more concerned with spurring U.S. innovation — a major issue for him — and competing with China, the business associate said. Online news site Puck previously reported Thiel was most likely either to support Trump or sit out the primary. When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics.
CNN —The assistant referee who appeared to elbow Liverpool’s Andy Robertson during an English Premier League game on Sunday will not be involved in any matches while English football’s governing body investigates the incident, the body responsible for Premier League referees said in a statement. The Football Association (FA) is investigating the incident which happened at the end of the first half match between Liverpool and Arsenal at Anfield. Video replays appeared to show Robertson brushing past Hatzidakis who responded by lifting his elbow, which hit the player. Robertson was visibly furious and had to be pulled away by his teammates after receiving a yellow card for his subsequent reaction. The incident during the break was one of many flashpoints in a chaotic game at Anfield which eventually finished in a 2-2 draw.
The indictment of Donald Trump by a Manhattan grand jury is likely to energize the former president’s most ardent supporters, further eroding their trust in the legal system and exacerbating national divisions as the case plays out. And new flashpoints may be on the horizon: Mr. Trump, the leading GOP White House candidate, faces additional investigations on potentially more serious charges, including his attempts to overturn the 2020 election results.
An elite brigade within Russia's military is a shadow of itself after taking huge losses in Ukraine. In many ways, the journey of the 155th reflects the larger struggles of the Russian military, which entered Ukraine expecting a quick victory but has instead suffered embarrassing setbacks. Baev said that its members are supposed to be better trained and more professional than other parts of the Russian military, which can rely on conscripts. And, as the fighting dragged and more marines died, the Russian military kept reinforcing the 155th with fresh recruits, which brought its own problems. Yet earlier this month Ukraine claimed that commanders in the brigade were refusing to fight near the city of Vuhledar.
China also provided cover for Syria at the United Nations and kept up economic and political ties with Damascus. But as Iran's support helped Assad turn the tide, Saudi backing for the armed and political opposition has waned. Syria's foreign ministry welcomed the deal as an "important step" that could boost regional stability. In 2021, Saudi and other Arab Gulf states withdrew their ambassadors over what they said was Hezbollah's hold over the state. Seeking to de-escalate, the United Arab Emirates and Saudi began engaging directly with Iran.
Hours earlier, Israeli forces killed three Islamic Jihad gunmen in the West Bank, among territories that have seen simmering violence amid the Palestinians' long-stalled goal of statehood. "We’re especially disturbed by violence by settlers against Palestinians," Austin said, adding that his discussions were frank and candid. Austin had originally been due to arrive on Wednesday and stay overnight in Tel Aviv, where Israel's Defence Ministry is based. FLASHPOINTSAmong West Bank flashpoints concerning the United States is the village of Huwara, where the Feb. 26 killing by a Palestinian gunman of two brothers from a Jewish settlement triggered revenge riots by settlers. The rampage triggered worldwide outrage and condemnation, which increased when ultra-nationalist Finance Minister Bezalel Smotrich, who has responsibility for aspects of the West Bank administration, said Huwara should be "erased".
The area, part of Khyber-Pakhtunkhwa province, is a hotbed for fighters of the Tehreek-e-Taliban Pakistan (TTP), an umbrella organisation of Sunni Islamist groups. A TTP spokesman, Muhammad Khurasani, told Reuters its main target was Pakistan's military, but the police were standing in the way. "Khyber-Pakhtunkhwa pays a greater price for that" because of its exposure to the Islamist militants, he said. The TTP ended the ceasefire in November 2022, and regrouped militants restarted attacks in Pakistan soon after. Reporting by Gibran Naiyyar Peshimam and Jibran Ahmad in Bara, Pakistan; additional reporting by Saud Mehsud in Dera Ismail Khan, Pakistan; editing by David Crawshaw.
Some Russian units in the east have had 80% casualties, Ukraine's deputy defense minister said. This includes NATO intelligence that says Russia is losing 2,000 men for every 100 yards it gains. Hanna Maliar said in a statement on Thursday that up to 80% of personnel had been incapacitated in some Russian army units, including units of the Wagner paramilitary group. But other reports, accounts by Russian soldiers, as well as Western intelligence updates have all pointed to high losses within Russia's army, particularly in recent weeks. Meanwhile, the UK Ministry of Defence said on Friday that up to 200,000 Russian soldiers had likely been killed since the invasion started in February 2022.
[1/3] A view of Merdare border crossing between Kosovo and Serbia which was closed by Kosovo after protesters blocked it on the Serbian side to support their ethnic kin in Kosovo in refusing to recognise the country's independence, near Podujevo, Kosovo, December 28, 2022. REUTERS/Florion Goga/File PhotoMITROVICA, Kosovo, Dec 29 (Reuters) - Kosovo re-opened its biggest border crossing with Serbia on Thursday, hours after protesting Serbs in its north promised to remove roadblocks, easing a surge in tensions that has alarmed world powers. Two burned-out trucks filled with gravel stood on a bridge close to the ethically divided town of Mitrovica, some 50 km from the reopened Merdare crossing. Two border other crossings with Serbia in Kosovo's north remain closed since Dec. 10. The Kremlin on Wednesday dismissed accusations from Kosovo's interior minister that Russia was influencing Serbia to destabilise Kosovo, saying that Serbia was defending the rights of ethnic Serbs.
He interviewed far-right figures, including Alex Jones, Enrique Tarrio, and supporters of QAnon. Andrew Callaghan interviewing Alex Jones on the set of Info Wars. You interviewed Alex Jones, Enrique Tarrio, and other fringe figures for "This Place Rules." Alex Jones makes millions of dollars selling brain pills, basically. I think the people who should be in jail for it are brainwashed content creators like Sidney Powell, Michael Flynn, Enrique Tarrio, and Alex Jones.
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