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Best Investment Banks and Sustainable Finance Awards Ceremony 2025

Leaders from across the industry attended to recognise organisations that have navigated global uncertainty and market conditions, delivering both returns and real impact.

The post Best Investment Banks and Sustainable Finance Awards Ceremony 2025 appeared first on Global Finance Magazine.

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Pakistan FM: US didn’t force the ceasefire with India | India-Pakistan Tensions

After deadly attacks between Pakistan and India, a ceasefire was suddenly declared. Foreign Minister Ishaq Dar rejects claims that Washington imposed the truce, insisting Pakistan acted independently. He addresses India’s accusations and Pakistan’s military influence. As two rivals teetered on the edge of war, Ishaq Dar explains Pakistan’s strategy, its position on Kashmir, and whether this ceasefire might not last.

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‘They’ll be back’: White Afrikaners leave South Africa to be refugees in US | Politics News

Johannesburg, South Africa – On a chilly Sunday evening in Johannesburg, OR Tambo International Airport was filled with tourists and travellers entering and exiting South Africa’s busiest airport.

On one side of the international departures hall, a few dozen people queued – their trollies piled with luggage, travel pillows and children’s blankets – as they waited to board a charter flight to Washington Dulles International Airport in the United States.

Dressed casually and comfortably for the 13-hour journey that would follow, the group – most young, all white – talked among themselves while avoiding onlookers. Although they blended into the bustling terminal around them, these weren’t ordinary travellers. They were Afrikaners leaving South Africa to be refugees in Donald Trump’s America.

When Charl Kleinhaus first applied for refugee resettlement in the US earlier this year, he told officials he had been threatened and that people attempted to claim his property.

The 46-year-old, who claimed to own a farm in Limpopo, South Africa’s northernmost province, was not required to present proof of these threats or provide details regarding when the alleged incidents occurred.

On Sunday, he joined dozens of others accepted by the Trump administration as part of a pilot programme granting asylum to people from the Afrikaner community – descendants of mainly Dutch colonisers that led the brutal apartheid regime for nearly five decades.

The Trump administration claims white people face discrimination in South Africa – a country where they make up some 7 percent of the population but own more than 70 percent of the land and occupy the majority of top management positions.

“I want you all to know that you are really welcome here and that we respect what you have had to deal with these last few years,” US Deputy Secretary of State Christopher Landau told Kleinhaus and the others when they landed at the Dulles International in Virginia.

“We respect the long tradition of your people and what you have accomplished over the years,” he said on Monday.

Speaking to a journalist at the airport, Kleinhaus said he never expected “this land expropriation thing to go so far” in South Africa.

He was referring to the recently passed Expropriation Act, which allows the South African government to, in exceptional circumstances, take land for public use without compensation. Pretoria says the measure is aimed at redressing apartheid injustices, as Black South Africans who make up more than 80 percent of the population still own just 4 percent of the land.

South African officials say the law has not resulted in any land grabs. There is also no record of Kleinhaus’s property being expropriated.

Kleinhaus was unaffected by any threats and the government was unaware of anyone who might have threatened his property, Minister in the Presidency Khumbudzo Ntshavheni told Al Jazeera.

“The people of South Africa have not been affected by the expropriation of land. There’s no evidence. None of them are affected by any farm murders either,” the minister emphasised.

Farm workers in South Africa
More than 30 years after the end of apartheid, white people still own the majority of farmland, while Black South Africans who make up 80 percent of the population own just 4 percent [File: Siphiwe Sibeko/Reuters]

Discredited ‘genocide’ claims

In February, when Trump signed an executive order granting refugee status to Afrikaners, he cited widely discredited claims that their land was being seized and that they were being brutally killed in South Africa.

On Monday, Trump again claimed that Afrikaners were victims of a “genocide” – an accusation South African President Cyril Ramaphosa and other experts maintain is based on lies.

“Farmers are being killed,” Trump told reporters. “White farmers are being brutally killed, and the land is being confiscated in South Africa.”

Ramaphosa has also debunked claims that the group who left this week faced any persecution at home.

“They are leaving because they do not wish to embrace the democratic transformation unfolding in South Africa,” he said.

For 60-year-old Sam Busa, watching Kleinhaus and the 48 other South Africans leave to be resettled in the US was a hopeful moment.

Busa, who has also applied for asylum, is waiting in anticipation for an interview that would qualify her for resettlement. She has begun selling excess household items in anticipation of her new life in the US.

The semi-retired businesswoman has been at the forefront of efforts – through a website called Amerikaners – encouraging Afrikaners to take an interest in the US offer to grant refugee status on the grounds that they face racial persecution in South Africa.

When asked how she has experienced persecution because of her race, Busa recounted an incident where she was held at gunpoint at her home in Johannesburg – the commercial capital of South Africa and one of the most dangerous cities in the world.

She later moved to KwaZulu-Natal on the country’s east coast, where she ran a business that provided services to the government.

When asked whether she believed she was targeted because of her race or if she was simply a victim of common crime, Busa asserted it did not matter.

She didn’t feel safe, she said. “I am not overly sensitive. When I watch Julius Malema singing about killing the Boer, it is extremely terrifying.”

Malema, the far-left leader of the Economic Freedom Fighters (EFF) political party, often sings a famous anti-apartheid song, Kill the Boer (Boer meaning farmer in Afrikaans), which the courts have ruled is not hate speech or an incitement to violence.

Afrikaners
Demonstrators hold placards in support of US President Donald Trump’s stance against what he calls racist laws, land expropriation, and farm attacks, outside the US Embassy in Pretoria, South Africa, February 15, 2025 [Siphiwe Sibeko/Reuters]

‘Persecution’

For Busa, much like Kleinhaus, new legislation passed to bolster racial transformation, which includes having specific hiring targets for employment equity, has been “the straw that broke the camel’s back”.

“Expropriation without compensation is a huge issue, along with the amendment to employment equity,” she said, restating her belief that white people don’t have a future in South Africa.

“It’s coming hard and fast, and it’s becoming clear to [white] South Africans that we struggle with fears of home invasion. I don’t live on a farm, but there are massive fears because of the constant threat of crime. It has become clear to white South Africans; it’s not disguised,” she claimed.

The narrative of fear is prevalent among those engaged in the refugee programme despite the fact that several experts have debunked the assertion that they were victims of racially motivated attacks and not common crime.

South Africa sees about 19,000 murders a year. According to data from the police, most victims of rural crime are Black, with evidence showing that white farmers are not disproportionately being killed.

Meanwhile, many participants in the US’s Afrikaner refugee resettlement programme do not even live on farms; many are urban dwellers, according to Minister Ntshavheni.

Katia Beedan, who lives in Cape Town, is also anticipating resettlement in the US. She told Al Jazeera that refugee hopefuls do not have to prove racial persecution but simply articulate it.

“For me, it’s racial persecution and political persecution,” she said about her reasons for wanting to leave South Africa.

The copywriter-turned-life coach pointed to racial transformation laws targeting employment equity and land expropriation, which she believes the government is “overwhelming us with”, as a key reason for her desire to flee.

However, many other South Africans see sections of the Afrikaner community – including their right-wing lobby groups like AfriForum that first pushed the false narrative of a “white genocide” – as struggling to exist equally in a country where they were once considered superior because of their race.

“I think AfriForum is struggling with the reality of being ordinary,” social justice activist and South Africa’s former public protector, Thuli Madonsela, told local TV channel, Newzroom Afrika, in March.

“The new South Africa requires all of us to be ordinary, whereas colonialism and apartheid made white people special people.

“I think some white people … [are] seeking to reverse the wheel and find reason to be special again. They seem to have found an ally in the American president,” she said.

Afrikaners
US Deputy Secretary of State Christopher Landau, right, greets Afrikaner refugees from South Africa, Monday, May 12, 2025, at Dulles International Airport [Julia Demaree Nikhinson/AP]

‘Absurd and ridiculous’

In February, as Trump expedited efforts to resettle Afrikaners in the US, he was closing off his country’s refugee programme to other asylum seekers from war-torn and famine-stricken parts of the world.

For Loren Landau from the African Centre for Migration and Society at the University of the Witwatersrand in Johannesburg, the Afrikaner refugee relocation is “absurd and ridiculous”.

“They have not been welcomed as tourists or work permit holders, but as refugees. The idea of a refugee system is to protect those who cannot be safeguarded by their own states and who fear persecution or violence because of who they are or their membership in a social group. Can Afrikaners make that case?” he asked.

Although “there are people in South Africa who discriminate against them,” and Afrikaners now “have less privilege and protection than during the apartheid era”, it cannot be said that this is indicative of state policy, he said, adding that many different people are robbed, killed, and face discrimination in South Africa.

“Are they [Afrikaners] specially victimised because of who they are? Absolutely not!” Landau added.

He said all statistics on land ownership, income, and education levels indicate that South Africa’s white population far outstrips others: “They are still by far in the top strata of South African society. No one is taking their land. No one is taking their cars.”

Even fringe groups that may have called for land grabs have done little to enact their threats, observers note.

However, for Busa, that doesn’t matter. “I fear for my children. You never know when the EFF decides they want you dead. It’s not a country I want to live in,” she said. The EFF has said those who decide to leave South Africa should have their citizenship revoked.

Confronted with the implications of this situation, the government is considering whether those who exit as refugees could easily return to the country. Ramaphosa is expected to discuss the ongoing matter with Trump at a meeting in the US next week.

Meanwhile, for the Afrikaners now in the US, most will settle in Texas, with others in New York, Idaho, Iowa and North Carolina, while the government helps them find work and accommodation.

They will hold refugee status for one year, after which they can apply for a US green card to make them permanent residents. At the same time, the Afrikaner resettlement programme remains open to others who want to apply.

When Kleinhaus and his group arrived in the US on Monday, they had smiles on their faces as they met officials and waved US flags.

Yet, for South Africa’s president, their resettlement in the US marks “a sad moment for them” – and something he believes may not last.

“As South Africans, we are resilient. We don’t run away from our problems,” he said at an agricultural exhibition in Free State province on Monday.

“If you look at all national groups in our country, Black and white, they’ve stayed in this country because it’s our country.

“I can bet you that they [the Afrikaners who left] will be back soon because there is no country like South Africa.”

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Boeing secures landmark deal with Qatar Airways as Trump deepens Gulf ties

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Boeing has secured a historic deal with Qatar Airways, as part of US President Donald Trump’s regional trade drive. Shares in the largest US aerospace manufacturer rose 2% to a 52-week high on Wednesday following the announcement.

During Trump’s visit to Qatar, the White House revealed that the US president had reached agreements totalling $243.5 billion (€209 bn) with the Gulf state. “The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age,” stated the White House.

The deals include a $96bn (€85.8 bn) Boeing aircraft order from Qatar Airways, a record order for the US’s largest exporter.

Following a $600bn (€535bn) investment plan made with Saudi Arabia earlier this week, the US-Qatar agreements further strengthen Washington’s ties with the wealthy Gulf nations. President Trump is set to visit the United Arab Emirates (UAE) later today, with speculation that further Boeing deals may be signed with Emirates, Qatar Airways’ larger regional competitor.

Largest ever Boeing order

Boeing announced that Qatar Airways would purchase 130 787 Dreamliners and 30 777X aircraft, calling the order “a record as the largest widebody order for Boeing, the largest order for 787 Dreamliners, and Qatar Airways’ largest-ever order.” The company claims the deal will support nearly 400,000 jobs in the US. President Trump attended the signing ceremony.

“After two consecutive years of record-breaking commercial performance, and with this historic Boeing aircraft order, we’re not simply chasing scale — we’re building strength that will allow us to continue delivering unmatched products and customer experiences,” said Qatar Airways CEO Engr. Badr Mohammed Al-Meer.

“We thank our Boeing partners for answering the call and look forward to a future of continued smart growth together. Our team is excited to build 787s and 777s for Qatar Airways into the next decade, as they connect more people and businesses around the world with unmatched efficiency and comfort.”

The deal is a major win for Boeing CEO Kelly Ortberg, who accompanied Trump on the Middle East trip. On Tuesday, Boeing also secured a $4.8bn (€4.3 bn) agreement for 737-8 MAX jets with AviLease, a Saudi Arabia-based aircraft lessor.

Boeing’s 737 MAX passenger airliner had been grounded between 2019 and 2020, and again in 2024, due to ongoing safety and production concerns. The company has remained unprofitable since 2018, with its shares falling to a multi-year low in early April following Trump’s announcement of reciprocal tariffs.

Trump’s efforts to reduce reliance on China’s businesses

China halted orders from Boeing in late April in response to Trump’s tariffs. During an interview with CNBC last month, Ortberg indicated that aircraft initially built for Chinese buyers may be redirected to other customers later this year.

On Tuesday, Trump also finalised an $80bn (€71 bn) artificial intelligence investment plan with Saudi Arabia, which helped fuel rallies in Nvidia and other major tech stocks. Previously, US semiconductor shares had come under pressure amid the escalating US-China trade tensions.

The Trump administration rescinded the AI diffusion rule introduced by former President Joe Biden, which would have taken effect today. However, the Department of Justice said it would rewrite the export curbs on AI chip exports to China. On Wednesday, China’s Ministry of Commerce announced a 90-day suspension on export restrictions targeting 28 US companies, including rare earths and other critical materials, as part of a bilateral agreement reached after trade talks over the weekend.

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‘Significant step’: Russia-Ukraine talks in Turkiye – what to expect | Conflict News

Russia and Ukraine are poised for talks in Turkiye on Thursday, even though the prospects of President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskyy meeting directly for the first time in three years were dashed by the Kremlin late on Wednesday.

United States President Donald Trump, who had earlier indicated that he might join the negotiations, will also not attend, according to American officials.

Here’s what we know about the talks, what prompted them, who’s expected to attend, and why the negotiations matter:

Why are the talks being held?

On Sunday, Putin proposed the idea of direct negotiations between Russia and Ukraine in Turkiye, instead of the rounds of indirect talks that the US and others have tried to mediate between the neighbours at war. Putin referenced direct talks that took place in 2022 while pitching for their resumption.

“It was not Russia that broke off negotiations in 2022. It was Kyiv. Nevertheless, we are proposing that Kyiv resume direct negotiations without any preconditions,” Putin said on Sunday.

In February 2022, Russia launched its full-scale invasion of Ukraine. Shortly after, Russia and Ukraine held talks in the Turkish capital, Istanbul.

According to Zelenskyy, the talks fell apart because Russia demanded that Ukraine concede the Donbas region, which spans Ukraine’s Donetsk and Luhansk regions – parts of which Russia occupied during its invasion. Zelenskyy added that Russia wanted Ukraine to surrender long-range weaponry, make constitutional amendments to declare neutrality and significantly reduce its armed forces. “There were never any negotiations; it was an ultimatum from a murderer,” Zelenskyy said at the time.

While Zelenskyy had earlier held that any peace agreement would require Russia to give up Ukrainian territory it had occupied, in December last year, Zelenskyy said the “hot phase” of the war could end if NATO offered security guarantees for the part of Ukraine currently under Kyiv’s control.

He added that the return of land that Russia has occupied could be diplomatically negotiated later.

“The pressure that the US has exerted to attempt to bring an end to the fighting in Ukraine has evolved over time,” Keir Giles, a senior consulting fellow at the London-based Chatham House think tank, told Al Jazeera. “It appears that the most recent elements in that evolution, particularly in terms of European solidarity with Ukraine, have led Russia to engage in direct talks.”

Putin’s recent push for talks came a day after Ukraine’s four major European allies gave Putin an ultimatum to accept an unconditional 30-day ceasefire or face renewed sanctions. This ultimatum came after leaders of the European countries, France, the United Kingdom, Germany and Poland, visited Kyiv.

They gave Putin a deadline until May 12. On Sunday, May 11, Putin – without committing to a ceasefire – said: “We are committed to serious negotiations with Ukraine. Their purpose is to eliminate the root causes of the conflict, to establish a long-term, lasting peace for the historical perspective.”

Where are they being held?

The talks are being held in the Turkish city of Istanbul, which straddles the boundary between Asia and Europe.

What role did Trump play in this?

The four European leaders – Britain’s Keir Starmer, France’s Emmanuel Macron, Germany’s Friedrich Merz and Poland’s Donald Tusk – said that they had briefed Trump about their ultimatum to Russia over a phone call and suggested that he was on board.

But after Putin called for direct talks between Kyiv and Moscow, Trump issued a statement on his Truth Social platform asking Ukraine to meet with Russia “immediately”.

Trump ran his campaign for the 2024 election on the promise to bring a swift end to the Ukraine war. The Trump administration held multiple meetings, starting February, with Russian and Ukrainian representatives separately in Saudi Arabia in attempts to broker a deal.

Also in April, the Trump administration indicated that it was taking a step back from providing security guarantees to Ukraine. The Trump administration said it wanted Europe to take the lead in supporting Ukraine’s defence instead, noting that the US had other priorities, including border security.

In recent weeks, however, Trump and his team, including Secretary of State Marco Rubio, have expressed growing frustration at the lack of meaningful progress in negotiations and have threatened to walk out of efforts to mediate peace.

Explaining his insistence that Ukraine join the May 15 Istanbul talks, Trump argued: “At least they will be able to determine whether or not a deal is possible, and if it is not, European leaders, and the US, will know where everything stands, and can proceed accordingly!”

Who will be there?

“I supported President Trump with the idea of direct talks with Putin. I have openly expressed my readiness to meet. I will be in Turkiye. I hope that the Russians will not evade the meeting,” Zelenskyy wrote in an X post on Monday.

On Tuesday, Zelenskyy announced he will be in Ankara on Thursday, where he will meet Turkish President Recep Tayyip Erdogan. The talks with Russia, however, are supposed to be held in Istanbul subsequently.

Trump has said he will send Secretary of State Marco Rubio, Middle East envoy Steve Witkoff and Special Envoy for Ukraine and Russia Keith Kellogg to attend the talks in Istanbul.

Russia on Wednesday night announced its team for the meeting. Vladimir Medinsky, a close Putin aide and former culture minister who also led previous rounds of unsuccessful talks with Ukraine in 2022, will lead Moscow’s team. With him will be Deputy Defence Minister Alexander Fomin and the director of the Main Intelligence Directorate, Igor Kostyukov.

Trump’s earlier offer to attend the talks himself had been welcomed by Kyiv. “All of us in Ukraine would appreciate it if President Trump could be there with us at this meeting in Turkiye. This is the right idea. We can change a lot,” Zelenskyy had said.

However, late on Wednesday, US officials clarified that Trump would not be attending.

The US president is currently in the Middle East, where he spent Wednesday in Qatar, after visiting Saudi Arabia a day earlier. On Thursday, Trump will be in the United Arab Emirates before returning to Washington.

What does Putin’s absence mean?

Zelenskyy had earlier said he would be present at the talks only if Putin also attended. “Putin is the one who determines everything in Russia, so he is the one who has to resolve the war. This is his war. Therefore, the negotiations should be with him,” Zelenskyy said in a post on X on Tuesday.

With Putin now no longer poised to attend, it is unclear if Zelenskyy will personally participate in the talks or whether he will leave it to his team to join the negotiations.

Yet, in many ways, Zelenskyy scored over Putin by throwing down the gauntlet and asking him to attend.

“Zelenskyy has presented a challenge to Russia to show that it has genuine interest; it is up to Russia whether it meets this challenge or not,” said Giles.

Brazil’s President Luiz Inacio Lula da Silva had also pledged to urge Putin to attend the talks.

What’s on the table?

It is difficult to predict what might specifically be discussed in the Turkiye talks.

“It would be rash to predict whether there will be any meaningful discussion at all, since the acceptable outcomes for both are still far apart,” Giles said. “Russia wants to neutralise Ukraine as an independent sovereign state, while Ukraine wants to survive.”

At the moment, Ukraine has proposed an unconditional 30-day ceasefire, while Russia has insisted that a series of its demands be accepted before it joins such a truce. Moscow said that it wants assurances over the monitoring mechanism for a ceasefire, and that a truce won’t be used by Ukraine to rearm and mobilise more soldiers. Instead, Putin has announced brief, unilateral ceasefires in recent days that Ukraine says Moscow never actually adhered to.

“We do not rule out that, during these negotiations, it will be possible to agree on some new truces, a new ceasefire and a real truce, which would be observed not only by Russia, but also by the Ukrainian side. [It] would be the first step, I repeat, to a long-term sustainable peace, and not a prologue to the continuation of the armed conflict,” Putin said on Sunday.

How significant are these talks?

Giles said that if the talks happen, “they will be a significant step forward”.

He added: “Anything that has been referred to as peace talks [ so far] has not been anything of the sort,” describing the two parallel discussions that the US has had with Russia and Ukraine.

On March 19, the US, Ukraine and Russia announced a 30-day ceasefire on attacks on Russian and Ukrainian energy infrastructure, and on March 25, they agreed on a Black Sea deal, halting the military use of commercial vessels and the use of force in the Black Sea. Both sides, however, traded blame for violating the terms of those agreements, which have now expired.

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Palestine before the Nakba, in 100 photos | Al-Nakba News

At the heart of any place is its people. This section gathers faces and figures of children, elders, farmers and merchants, capturing a moment in each of their lives.

Traditional dress, expressions and gestures reflect a culture rich in diversity. Muslims, Christians, Jews, and Bedouins appear side by side, revealing a land defined not by division, but by coexistence.

Individual portraits

Each face carries its own story of life, labour, joy, or longing.

Drag the slider or click on an image to see it in more detail. 

Group photos

Families, neighbours and friends gathered for the camera to record their moments together.

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Ben & Jerry’s cofounder arrested at US Senate after protesting war in Gaza | Protests News

Ben Cohen among seven people arrested after interrupting testimony by US Health Secretary Robert F Kennedy Jr.

The cofounder of Ben & Jerry’s ice cream and six other people have been arrested after disrupting a United States Senate hearing to protest Washington’s support for Israel’s war in Gaza.

The arrests of Ben Cohen and the other protestors on Wednesday came as US Health Secretary Robert F Kennedy Jr was giving testimony to lawmakers on his shake-up of federal health agencies.

“Congress kills poor kids in Gaza by buying bombs and pays for it by kicking kids off Medicaid in the US,” Cohen said as he was escorted away by police.

The seven were arrested on charges of “crowding, obstructing or incommoding”, assault of a police officer or resisting arrest, US Capitol Police said in a statement.

Cohen was only charged with crowding, obstructing or incommoding, according to Capitol Police.

Cohen and his Ben & Jerry’s cofounder Jerry Greenfield are well known for their progressive activism, including opposition to Israel’s actions in Gaza and the occupied West Bank.

In an interview with former Fox News host Tucker Carlson earlier this month, Cohen, who is Jewish, said the US had a “strange relationship” with Israel that involved Washington “supplying weapons for its genocide”.

“Right now, what it means to be American is that we are the world’s largest arms exporter, we have the largest military in the world, we support the slaughter of people in Gaza,” Cohen said.

“If somebody protests the slaughter of people in Gaza, we arrest them. What does our country stand for?”

In 2021, Ben & Jerry’s announced that it would no longer allow its Israeli licensee to sell its ice cream in the West Bank and Gaza, saying that doing so would be “inconsistent with our values”.

A US judge the following year rejected Ben & Jerry’s bid for an injunction to block the sales after finding that the company had failed to show that it would suffer irreparable harm.

Ben & Jerry’s, which was founded in 1978 in the US state of Vermont, and its parent company, Unilever, later settled their legal dispute on undisclosed terms.

In March, Ben & Jerry’s filed a lawsuit accusing Unilever of firing chief executive David Stever over his support for the brand’s “social mission”.

More than 51,000 people have been killed in Gaza since Israel launched its war, following Hamas’s October 7, 2023, attacks on the country.

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Newsom proposes slashes funding to California newsrooms by $20 million

Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing financial pressures that have promoted wider budget cuts.

California newsrooms had expected to receive $30 million from the state as part of a deal brokered last year in which Google and the state would jointly contribute money over five years to support local newsrooms through a News Transformation Fund. The state Department of Finance confirmed Wednesday that California instead will pay out $10 million for the 2025-26 fiscal year.

“The sole reason for the reduction is more limited/fewer resources than projected in the January budget,” Department of Finance spokesperson H.D. Palmer said.

Newsom announced Wednesday that the state is facing an additional $12-billion budget shortfall next year. The revised $321.9-billion plan will also include a reduction in healthcare for low-income undocumented immigrants and a decrease in overtime hours for select government employees.

The deal was born of negotiations that began with a proposed funding bill written by Assemblymember Buffy Wicks (D-Oakland), which is known as the California Journalism Preservation Act. It would have required Google to pay into a fund annually that would have distributed millions to California news outlets based on the number of journalists they employ. The California News Publishers Assn., of which the Los Angeles Times is a member, backed the larger effort.

It was designed to aid newspapers that have seen their finances collapse in recent years, leaving fewer journalists to cover institutions and communities.

The proposal was modeled after a Canadian bill that has Google paying about $74 million per year. Google fought the bill, arguing its passage would force the company to remove California news from its platform, thus restricting access for Californians.

Instead, the state and Google agreed in August to provide nearly $250 million to newsrooms over five years, starting in 2025, with funding slated for two projects.

The second initiative was a $68-million pledge for Google to fund artificial intelligence in the form of a National AI Accelerator. The AI funding element of the deal drew sharp rebukes from Democratic lawmakers and journalists.

California had pledged $30 million in 2025 and $10 million for each of the next four years. Google agreed to an initial payment of $15 million in 2025 and $55 million in total into the journalism fund. Google also agreed to boost its own journalism programs with a separate $50-million grant.

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Incumbent Luis Arce quits Bolivia’s presidential race amid slumping support | Elections News

As Bolivia hurtles towards a hotly contested August 17 presidential election, two major shake-ups may shape the outcome of the race.

On Wednesday, incumbent President Luis Arce announced he would abandon his bid for re-election after a five-year term defined by turmoil.

“Today I firmly inform the Bolivian people of my decision to decline my candidacy for presidential re-election in the elections next August,” he wrote on social media.

“I do so with the clearest conviction that I will not be a factor in dividing the popular vote, much less facilitate the making of a fascist right-wing project that seeks to destroy the plurinational state.”

That same day, Bolivia’s constitutional court also ruled that Arce’s former political mentor, now rival, Evo Morales, could not run for another term as president, upholding a two-term limit.

But the left-wing Morales, the embattled former president who previously served three terms in office and attempted to claim a fourth, remained defiant on social media afterwards.

“Only the people can ask me to decline my candidacy,” Morales wrote. “We will obey the mandate of the people to save Bolivia, once again.”

The two announcements on Wednesday have added further uncertainty to an already tumultuous presidential race, where no clear frontrunner has emerged so far.

Luis Arce surrounded by microphones.
Bolivian President Luis Arce gives a news conference at the presidential palace in La Paz, Bolivia,  on April 7, [Juan Karita/AP Photo]

Arce’s decline

Since his election in 2020, Arce has led Bolivia, following a political crisis that saw Morales flee the country and a right-wing president briefly take his place.

But Arce’s tenure has been similarly mired in upheaval, as his relationship with Morales fractured and his government saw its popularity slip.

Both men are associated with a left-wing political party known as the Movement for Socialism (MAS), which Morales helped to found. Since its establishment three decades ago, the group has become one of the most prominent forces in Bolivian politics.

Still, in the lead-up to August’s election, Arce saw his poll numbers decline. Bolivia’s inflation over the past year has ballooned to its highest level in a decade, and the value of its currency has plummeted.

The country’s central bank has run low on its reserves of hard currency, and a black market has emerged where the value of the Bolivian currency is half its official exchange rate. And where once the country was an exporter of natural gas, it now relies on imports to address energy shortages.

While experts say some of these issues predate Arce’s term in office, public sentiment has nevertheless turned against his administration. That, in turn, has led some to speculate that Bolivia could be in store for a political shift this election year.

Arce himself has had to deal with the power of a rising right-wing movement in Bolivia. In 2022, for instance, his government’s decision to delay a countrywide census sparked deadly protests in areas like Santa Cruz, where some Christian conservative activists expected surveys to show growth.

That population increase was expected to lead to more government funds, and potentially boost the number of legislative seats assigned to the department.

Arce also faced opposition from within his own coalition, most notably from Morales, his former boss. He had previously served as an economy and finance minister under Morales.

The division between the two leaders translated into a schism in the MAS membership, with some identifying as Morales loyalists and others backing Arce.

That split came to a head in June 2024, when Arce’s hand-picked army general, Juan Jose Zuniga, led an unsuccessful coup d’etat against him. Zuniga publicly blamed Arce for Bolivia’s impoverishment, as well as mismanagement in the government.

Morales has seized upon the popular discontent to advance his own ambitions of seeking a fourth term as president. After the coup, he launched a protest march against his former political ally and tried to set an ultimatum to force changes.

After dropping out of the 2025 presidential race on Wednesday, Arce called for “the broadest unity” in Bolivia’s left-wing political movement. He said a show of strength behind a single candidate was necessary for “defeating the plunderers of Bolivia”.

“Only the united struggle of the people ensures the best future for Bolivia. Our vote will be united against the threat of the right and fascism,” he wrote on social media.

Evo Morales points
Former President Evo Morales attends a rally with supporters in the Chapare region of Bolivia on November 10, 2024 [Juan Karita/AP Photo]

Morales continues to fight term limits

But a wild card remains on the left of Bolivia’s political spectrum: Morales himself.

Considered Bolivia’s first Indigenous president, Morales remains a relatively popular figure, though recent scandals have dented his broad appeal.

First elected as president in 2005, Morales was re-elected twice. But his attempts to remain in office culminated with the 2019 election and subsequent political crisis, which saw Morales resign and flee abroad amid accusations that his victory was the result of electoral fraud.

Morales has long sought a fourth term as president. In 2016, a referendum was put to Bolivia’s voters that would have scrapped presidential term limits, but it was rejected. Still, Morales appealed to Bolivia’s Constitutional Court, and in 2019, it allowed him to seek a fourth term.

That led to accusations that Morales had overturned the will of the voters in an anti-democratic power grab.

But the court has since walked back that precedent, reversing its decision four years later in 2023. It has since upheld that decision on term limits multiple times, most recently on Wednesday, effectively barring Morales from the upcoming August race.

Separately, last October, Morales faced charges of statutory rape for allegedly fathering a child with a 15-year-old girl while president. Morales has denied any wrongdoing and has sought to evade warrants issued for his arrest.

Media reports indicate he is holed up with supporters in the rural department of Cochabamba in the north of Bolivia.

Still, in February, Morales announced his bid for re-election. And on Wednesday, he denounced the Constitutional Court’s latest ruling upholding Bolivia’s two-term limit as a violation of his human rights. He also framed it as part of a broader pattern of foreign interference.

“It is a political and partisan ruling that obeys the orders of the eternal enemy of the people: the US empire,” he wrote on social media.

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How will the lifting of US sanctions help Syrians rebuild their country? | Syria’s War News

US President Donald Trump has announced he’s lifting years of sanctions on Syria.

Syrians are describing it as a turning point – “The second joy since the fall of Bashar al-Assad.”

United States President Donald Trump has announced he will lift all sanctions on Syria, as a way to help the country rebuild after years of civil war.

The United Nations estimates half of the Syrian population is displaced, and nearly 75 percent needs humanitarian aid.

It says that, at its current rate of growth, Syria will take at least half a century to achieve its pre-war economic level.

President Ahmed al-Sharaa has already called on the United States to invest in the nation’s oil and gas sector.

But can he capitalise on the removal of US restrictions and transform the fragmented and devastated country?

And what about Syria’s fragile security situation?

Presenter:

Folly Bah Thibault

Guests:

Sinan Hatahet – Nonresident Fellow, Atlantic Council’s Syria Project.

Joshua Landis – Director of the Center for Middle East Studies, University of Oklahoma.

Omar Alshogre – Syrian refugee and director for detainee affairs at the Syrian Emergency Task Force.

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Qatar says recent Israeli Gaza attacks show lack of interest in ceasefire | Gaza News

Qatari prime minister states that the UN should be allowed to resume aid distribution inside Gaza.

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani has said that a series of recent Israeli attacks on Gaza show that Israel is not interested in ending the war.

In an interview with the US news outlet CNN on Wednesday, Al Thani said that he had hoped that the release of a US-Israeli soldier named Edan Alexander from captivity in Gaza would be a “breakthrough that will help bring back the talks on track” but that Israel had instead opted to step up strikes on the Strip.

“Unfortunately, Israel’s reaction to this was [bombing] the next day, while sending the delegation,” he said.

Al Thani also stated that a US-backed plan for distributing aid in Gaza through a newly created group is unnecessary. Humanitarian and United Nations aid groups have said that they already have the means of delivering aid to Gaza but are being blocked from doing so by Israel.

Israel has completely cut off Gaza’s access to food, water, fuel, and humanitarian aid since March 2, prompting global monitors of extreme hunger to warn of possible famine and allegations of the use of starvation as a weapon of war by human rights groups.

Israel has claimed, with little evidence, that members of the armed Palestinian group Hamas are stealing large portions of aid entering the Strip, and have pushed for the exclusion of UN organisations, long viewed with ire by Israeli authorities, from aid distribution.

A newly created body with US backing called the Gaza Humanitarian Foundation said on Wednesday that it would begin operations in Gaza by the end of May, and that it has asked Israel to allow increased levels of aid into the Strip.

Critics have said that the new organisation fulfils an Israeli goal of sidelining the UN and independent international organisations from aid distribution in Gaza.

“GHF emphasizes that a successful humanitarian response must eventually include the entire civilian population in Gaza,” the foundation’s executive director, Jake Wood, wrote in a letter to the Israeli government.

“GHF respectfully requests that the [Israeli military] identify and deconflict sufficient locations in northern Gaza capable of hosting GHF-operated secure distribution sites that can be made operational within 30 days,” he added.

A recent report by the Observer, a UK-based news outlet, notes that a GHF fundraising document appears to mirror claims about the problems of humanitarian assistance in Gaza that do not include the actions of the Israeli government itself and instead blame a “collapse” of “traditional humanitarian channels” due to aid diversion and combat operations.

Thousands of aid trucks have been bottlenecked outside of Gaza amid Israel’s blockade for weeks, with UN officials stressing that they are ready and capable of resuming aid distribution in the Strip, if Israel will lift the siege.

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UK neo-Nazis convicted of planning mosque, synagogue ‘race war’ attack | The Far Right News

Police say the trio espoused hatred for Muslims and immigrants and discussed attacking mosques or synagogues.

Police in the United Kingdom say three men have been convicted of planning to carry out an attack on mosques or synagogues in anticipation of a coming race war.

Brogan Stewart and Marco Pitzettu, both aged 25, and Christopher Ringrose, 34, all pleaded not guilty but were convicted of all charges by jurors at Sheffield Crown Court on Wednesday. Sentencing is scheduled for July 17.

“Stewart, Pitzettu, and Ringrose have today been rightfully convicted of multiple terrorism offences,” Detective Chief Superintendent James Dunkerley, head of Counter Terrorism Policing North East, said in a statement.

“They were a group that espoused vile racist views and advocated for violence, all to support their extreme right-wing mindset.”

The convictions come amid a debate in the UK over immigration rights as the left-of-centre Labour Party adopts increasingly harsh rhetoric on migration amid increasing public support for the far right. Critics said a recent speech by Prime Minister Keir Starmer in which he said immigration threatened to turn the UK into an “island of strangers” helps legitimise a view perpetuated by the far right that immigration is a destructive and dangerous force.

The convicted far-right group was part of a Telegram channel named Einsatz 14, in which they talked about executing former Prime Minister Rishi Sunak and torturing imams.

“It was their belief that there must soon come a time when there would be a race war between the white and other races,” prosecutor Jonathan Sandiford told jurors.

Conspiracy theories that Muslims and immigrants are carrying out a “great replacement” of white people in Western nations have become increasingly widespread on the right in recent years.

That conspiracy often involves an anti-Semitic angle, portraying Jews as supporters of pro-immigration policies meant to weaken Western nations from the inside.

All three men were convicted of planning an act of terrorism and multiple firearms offences. They were found guilty of two counts of collecting information that could be useful to someone preparing a terrorist act, and Ringrose was additionally charged with manufacturing a component for a 3D-printed FGC9 firearm.

Prosecutors said the group was preparing for an act of terrorism when they were arrested in February 2024. Their trial began in March.

“Some of their defence in court was that it was all fantasy or just part of harmless chat, however all three took real world steps to plan and prepare for carrying out an attack on innocent citizens,” Dunkerley said.

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UN calls for calm as fighting resumes in Libya’s Tripoli | Conflict News

The United Nations Mission to Libya (UNSMIL) warns that the situation in the country could ‘spiral out of control’.

The United Nations has called for calm as fighting has resumed in Libya’s capital, Tripoli, a day after authorities declared order had been restored.

The UN Mission to Libya (UNSMIL) warned on Wednesday that the situation in the country could “spiral out of control”.

“UNSMIL reiterates its calls for an immediate, unconditional ceasefire in all areas, allowing safe corridors for the evacuation of civilians trapped in intense conflict zones,” the mission wrote on X.

“Attacking and damaging civilian infrastructure, physically harming civilians, and jeopardising the lives and safety of the population may constitute crimes under international law. Those responsible will be held accountable for their actions,” it added.

Clashes erupted between the Rada militia and the 444 Brigade, loyal to Prime Minister Abdulhamid al-Dbeibah, in key areas of Tripoli, including the port, the AFP news agency reported, quoting a security source.

The official called the ongoing fighting “urban warfare” with intermittent clashes in residential areas and the use of light and medium weapons.

The fighting calmed down later on Wednesday after the government announced a truce, Tripoli residents told the Reuters news agency.

“Regular forces, in coordination with the relevant security authorities, have begun taking the necessary measures to ensure calm, including the deployment of neutral units,” the government’s Ministry of Defence said.

Fighting across Tripoli

Clashes broke out on Monday night after reports that Abdelghani al-Kikli, leader of the Support and Stability Apparatus (SSA), a militia that controls the southern district of Abu Salim, was killed.

According to local authorities, at least six people were killed in Monday’s fighting.

While Tuesday morning was calm, the fighting restarted overnight with major battles in the capital.

For residents, the uncertainty brought by the attacks was “terrorising”, a father of three told Reuters from the Dahra area.

“I had my family in one room to avoid random shelling,” he added.

Al-Dbeibah ordered what he called irregular armed groups to be dismantled, including Rada.

With the seizure of the SSA territory by factions allied with al-Dbeibah, including the 444 and 111 brigades, Rada is the last significant faction not allied with the prime minister.

Since the 2011 NATO-backed uprising that toppled longtime leader Muammar Gaddafi, Libya has struggled to recover.

In 2014, the country split between a UN-recognised government in Tripoli, led by al-Dbeibah, and a rival administration in the east dominated by commander Khalifa Haftar and his self-styled Libyan National Army.

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US-China Tariff Truce Triggers Transpacific Rush—But Uncertainty Lingers

A brief easing of tariffs between the US and China has set off a burst of transpacific trade activity, but deeper tensions and long-term supply chain disruptions continue to cloud the outlook.

A 90-day truce in the ongoing US-China trade war has sparked a rush to move goods across the Pacific, with businesses scrambling to take advantage of temporarily lowered tariffs.

President Donald Trump essentially backed down on a trade war that he started with China, reducing US duties on Chinese imports from a punishing 145% to 30%. China, meanwhile, slashed its tariffs on American goods from 125% to 10%.

The short-term relief is already creating ripple effects as container carriers like Marseille, France-based CMA CGM and Hamburg, Germany-based Hapag-Lloyd reportedly praised the pause and expect to see a spike in bookings as businesses try to ship before the temporary pause ends.

“You weren’t going to be shipping anything from China to the US at 145%,” David Roche, president of financial analysis firm Quantum Strategy in Singapore, told Global Finance. “At 30%, something gets shipped—but far less than when we were at 8% before Trump took office.” Roche noted that a modest uptick in container traffic might soon appear in Port of Los Angeles bookings, which reflect demand about three weeks out.

But he cautioned: “My feeling is that we will see a small recovery, but not a big recovery, and you will still have empty shelves, and you will still have increased inflation in the US as a result of these tariffs.”

April inflation data offered a mixed picture. While year-over-year inflation cooled slightly to 2.3%—just under the 2.4% forecast—prices still rose 0.2% month-over-month, missing estimates of 0.3%. Core inflation, excluding volatile food and energy prices, held steady at 2.8%.

The scenario looks less bleak compared to last month when Fitch Ratings downgraded its 2025 global GDP forecast to 1.9% amid concerns about Trump’s escalating tariff policy. The firm’s chief economist, Brian Coulton, said in an analyst note on Tuesday that while the latest 90-day pause brings the US effective tariff rate down from 23% to 13%, it’s still far above the 2.3% level seen in 2024.

This does not mean that the trade war, “which is already having a tangible economic impact, is over,” Coulton said, citing remaining 10% baseline tariffs and industry-specific levies still in force.

US Treasury Secretary Scott Bessent insists the US-China talks are part of a broader strategy of “economic decoupling for strategic necessities.” He emphasized that “generalized decoupling” is not US policy, but the administration remains focused on import substitution to reduce reliance on Chinese goods and bolster American manufacturing.

Even with the recent rollback, China remains the US’s most heavily tariffed trading partner. According to Fitch, the current ETR for Chinese imports stands at 31.8%, factoring in legacy duties on steel, autos, and a 10% baseline tariff applied broadly. Certain electronics like smartphones and computers were excluded from the most recent round of tariffs.

While the temporary deal may cool tensions and boost transpacific shipping in the short run, experts warn that the structural damage to global supply chains—and the strategic rift between the world’s two largest economies—is unlikely to heal in just 90 days.

Analysts for Singapore-based UOB Group struck a more optimistic tone following the pause in US-China trade tensions, forecasting a near-term economic boost for China as exporters rush to front-load production and shipments to the US during the window.

“Suffice to say, we now see some upside potential to our 2025 growth forecast for China of 4.3%,” UOB analysts said in a note, though they said that any formal revision will wait for further data. Despite the temporary reprieve, UOB expects China to continue focusing on domestic resilience and export diversification, supported by ongoing policy efforts.

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Here’s how you can handle your finances during economic uncertainty

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Financial markets are volatile with consumer confidence at its lowest level in five years – as economists point to a higher risk of recession.

It all adds up to financial uncertainty for a lot of people. Roughly half of US adults say that President Trump’s trade policies will increase prices “a lot,” according to a recent poll by The Associated Press-NORC Center for Public Affairs Research.

About half of Americans are “extremely” or “very” concerned about the possibility of the US economy going into a recession in the next few months.

Matt Watson, CEO of Origin, a financial planning app, says it’s a period of uncertainty for everyone, including experts.

“No one has a crystal ball. No one, even the people that do this professionally and have done it very successfully for many years, know what’s going to happen,” he said.

If you’re worried about how economic uncertainty might affect you, here are some expert recommendations:

Take stock of your finances

The first step to preparing for uncertain financial times is knowing your starting point, Watson said. Look at your budget or your debit card expenses so you can understand how much you spend every month.

“Take stock of where you are across a number of different categories,” Watson said.

Looking at the state of your savings and investments can also provide you with an idea of your overall financial health.

Find where you can cut back

The more nonessential expenses you can pause, the more you can save for an emergency.

“Your choice is really to cut now or cut later, so it’s easier to cut now and have a cushion,” Watson said.

If you’re having difficulty finding where to cut back, Jim Weil, managing partner at Private Vista, a financial planning firm, recommends that you divide your expenses into three buckets: needs, wants and wishes. Wishes are larger expenses that can be postponed, such as a big vacation.

For the time being, cut back expenses from the wishes section until you feel like your finances are in a good place.

Take care of your mental health

Between news about tariffs and job losses, you might feel your anxiety rising. So, it’s important that you protect your mental health while also caring about your finances said Courtney Alev, consumer advocate at Credit Karma. Sometimes, reading too much news that can affect your finances can become overbearing and create more stress than you need.

“It’s good practice to stay informed but you don’t want to let the news cycle consume you,” Alev said.

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If you find yourself feeling high levels of stress or anxiety when it comes to your finances, it’s best to contact a professional who can assist you, such as a financial therapist.

If looking for regular mental health services, most health insurance covers some type of mental health assistance. If you don’t have health insurance, you can look for sliding-scale therapists around the country.

Focus on what you can control

Rather than worrying too much about the economics of the entire country, Alev recommends that you focus on the aspects of your personal life that you can control in order to feel more confident in case there is a recession.

“Identify any changes that you might need to make to have more of a safety net in place that could give you confidence,” Alev said.

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Things you can control include budgeting, creating an emergency fund and cutting unnecessary expenses.

Create an emergency fund

Whether you are worried about your job security or the high prices of goods, it’s best that you sit down and reassess your budget to create an emergency fund. An emergency fund can feel unattainable if finances are already difficult, but having even a small amount of cash saved can make the difference, Alev said.

Ideally, your emergency fund should amount to three to six months of expenses.

Weil recommends you start thinking about any special commitments that you might have in the next year or two, such as college tuition or moving. If you are planning for a large financial commitment in the near future, Weil recommends that you plan to build a larger emergency fund.

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Do monthly finance check-ins

Alev recommends regularly adjusting your budget to keep your financial goals on track. Monthly budget check-ins can help identify when you are overspending or if your needs change.

“A budget is only as good as it is to help you actually make decisions, so don’t be afraid to update and adapt your budget as the months go by,” Alev said.

Choose which type of debt to tackle first

Many people struggle with debt, whether it’s credit card debt or student loan debt, which limits their ability to save. But, if you want to create an emergency fund while also tackling your debt, it will take some prioritisation.

“I would think about different kinds of debt differently,” Weil said, adding that you can place debt in three buckets: short-, medium- and long-term debt.

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Weil recommends that you prioritise paying off high-interest debt such as your credit card. By making extra payments or paying over the minimum payment, you will be able to pay it off quicker. Student loan debt and long-term debt such as a mortgage can be tackled with more modest payments while you focus on creating an emergency fund.

If you have credit card debt and you can’t make too much progress in paying it down, Alev recommends you try to eliminate or reduce the amount of credit you use.

Don’t panic about your investments

While the stock market has had some bad days, it’s best that you are not reactive to the market. If you have investments, especially in retirement vehicles, it’s best not to make rushed decisions, Alev said.

“You really want to try not to panic. It can be unnerving but most likely, you should have time to make that up,” she added. If you’re closer to retirement, Alev recommends that you look into more conservative investments.

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