World

While Iconic Brands Feel Tariff Pain, Corporate America Braces for More

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With the U.S.-versus-the-world trade war threat heating up, Harley-Davidson Inc. and Jack Daniel’s maker Brown-Forman Corp. may just be the canaries in the coal mine. By Jonathan Roeder and Hema Parmar * Bloomberg Both iconic American brands — singled out for tariffs in part to inflict maximum pain on U.S. districts that voted for President Donald Trump or his allies — have warned investors that retaliatory measures will have tangible effects on… Wall Street should expect more companies to disclose pain ahead when they report second-quarter results in… ... Read More »

Israeli Company Sells State-of-the-Art Tank Defense System to US Army

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The Israeli defense company Rafael announced Tuesday that it has sold its state-of-the-art ASPRO-A tank defense system to the US Army. Benjamin Kerstein The Algemeiner Known as Ma’il Ruach (“Windbreaker”) in Israel, the ASPRO-A will be provided by Rafael in collaboration with DRS Leonardo for the price of $193 million. The systems will be built in both Israel and the US. According to Israel’s Channel 2, ASPRO-A is an active defense system for tanks and armored personnel carriers. It is ... Read More »

Palm oil ‘disastrous’ for wildlife but here to stay, experts warn

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The deforestation it causes is decimating species such as orangutans and tigers – but the alternatives could be worse, finds authoritative report Damian Carrington The Guardian It is consumed daily by billions of people but palm oil is “disastrous” for wildlife such as orangutans and tigers, according to an authoritative new report. However, the analysis warns that alternatives are likely to drive biodiversity losses elsewhere, rather than halt them. The analysis, from the International Union for the Conservation of Nature (IUCN), found… Palm oil ... Read More »

Orban under fire as George Soros refuses to close his Budapest university

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HUNGARY’S Central European University (CEU), which was founded by the Hungarian-American investor George Soros, said it would continue to recruit students in Budapest as it demanded Viktor Orban’s government recognise it complies with Hungarian law. Laura Mowat Express The university has been accused of not operating within the law by the right-wing Hungarian government. CEU, which was founded in 1991, aims to create an “open society” and has become a target for anti-immigrant Orban. They came into trouble when a ... Read More »

Israel Is Losing the Social Media War

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Why military supremacy is no longer enough for a Jewish state fighting on asymmetric fronts against nonstate actors with the ability to shape public perceptions and war narratives David Patrikarakos Tablet Global outrage over last month’s peak to the so-called Great March of Return on the Gaza-Israel border was instant and understandable. Over 50 people died and hundreds more were injured on a single day. What happened was as viscerally unpleasant as civil strife gets. It was brutal. More violence ... Read More »

Comparisons between US immigration policy and the Nazi period may not be helpful, but they are hard to avoid

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The renowned Holocaust historian Deborah Lipstadt recently rejected comparisons between the Holocaust and the Trump administration’s separation of families at the southern border of the United States. David Tollerton The Conversation “Equating the two,” she wrote in the Atlantic Monthly, “is not only historically wrong, it is also strategically wrong.” Lipstadt argues that it is historically wrong because of the difference between mass killing and the separation of children from parents deemed illegal immigrants to the US. And it is ... Read More »

The United States Cannot Afford to Pick a Side in the Shia-Sunni Fight

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America is going all in with the pro-confrontation camp led by Saudi Arabia. Pavam Mohseni and Ammar Nakhjavani The National Interest The President of the United States has decided that the best approach to Iran is to speak loudly and carry a big stick—in the hopes that relentless pressure on Iran will either lead to regime change or the country abandoning its contentious foreign… Such saber-rattling will more likely enfeeble American power within the region and set U.S. policy on ... Read More »

Poor but Proud

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The next meeting of the European Council, set to take place on June 28, 2018, promises a certain level of intrigue. Elena Alekseenkova RIAC One reason for this is the expectation that the new Italian government, formed on the basis of the March 4 elections after 80 days of coalition talks and conflict between the president and parliament, will present an ultimatum to Brussels. The ultimatum is expected to include the following points: 1) The cancellation of Italy’s €250-billion debt ... Read More »

Turkey’s snap election yields surprises on all sides – what next?

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It was another surreal night in Turkish politics. That the elections were suddenly brought forward by more than a year was a surprise in itself – but the standout surprise of the campaign was the sudden rise of opposition candidate Muharrem Ince. Alpaslan Ozerdem The Conversation To everybody’s amazement, during a campaign lasting only 50 days, Ince transformed himself from an also-ran into a serious contender. He managed to pull support from all sections of society to his large rallies ... Read More »

Saudi Arabia’s $121 billion reason to allow women to drive

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Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco. Bloomberg The Sydney Morning Herald The move, which went into effect on Sunday, could add as much as $US90 billion ($121 billion) to economic output by 2030, with the benefits extending beyond that date, according to Bloomberg Economics. Selling as much as 5 percent stake in Saudi Arabian Oil Co. — at the most optimistic valuation — could generate about $US100 ... Read More »

As tourism and trading links soar, will Greece become the bridge between China and the rest of Europe?

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Visitor numbers are soaring since Air China began direct Beijing-Athens flights, while Chinese shipping company Cosco has taken majority ownership of the Piraeus Port – a potentially crucial component of the… South China Morning Post Priceless relics that belonged to one of China’s greatest leaders will leave Beijing’s Forbidden City for the first time and be displayed in the birthplace of democracy. Reconstructed rooms and more than 150 artefacts from the life of the 18th-century Emperor Qianlong will go on ... Read More »

Australia has weaponised suicide and Peter Dutton just admitted it

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What happens now that the man in charge of Australia’s immigration and asylum seeker policies has said if we want to stop the boats, we cannot stop the suicides? Chris Woods Crikey Barely a week after Fariborz Karami died by suicide on Nauru, Home Affairs Minister Peter Dutton has warned against Australians extending a “single act of compassion” to people detained in offshore detention. After five years of running Labor’s camps, it is the Coalition’s latest, perhaps most honest, admission ... Read More »

Turks Have Voted Away Their Democracy

Turkish President Tayyip Erdogan greets his supporters from the balcony of his ruling AK Party headquarters in Ankara, Turkey, early June 25, 2018. Kayhan Ozer/Presidential Palace/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES - RC1AAB012070

Erdoğan’s election victory advances his vision of absolute control. Diego Cupolo The Atlantic First they ignored him. Then they laughed at him. Then they jailed him. Then he became perhaps Turkey’s most powerful leader in 80 years. Last night, Recep Tayyip Erdoğan extended his 16-year dominance over Turkey with a victory in the first round of the country’s snap elections, winning 52.5 percent of the vote. In the eyes of his roughly 26 million supporters, it was a resounding victory ... Read More »

History is made: Everything you need to know about Greece’s deal to pay back $300 billion

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The euro zone granted fresh debt relief measures to Greece last week after years of long arguments over the issue. Silvia Amaro * Analysts told CNBC the deal was “very satisfactory” and a “win” for Greece, which has demanded such concessions since 2015. How did we get here? Greece has been relying on external help in the form of loans to stay afloat since 2010. It’s now due to put an end to that on August 20. This is a ... Read More »

France hands war crimes suspect to Bosnia

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France has extradited to Bosnia a former ethnic Serb solider accused of taking part in the burning alive of more than 50 Muslim civilians during the country’s 1990s war, prosecutors said on June 24. SARAJEVO Hurriyet Radomir Susnjar, 62, known also as “Lalco,” was identified as living in France by an investigation by Bosnian prosecutors. He was arrested in France in 2014 and released under court supervision before being arrested again earlier this month in Seine-Saint-Denis, a region north of Paris. A ... Read More »

Burning Cameroon: Images you’re not meant to see

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A man calmly sets fire to a house, watched by a group of at least 12 men dressed in fatigues, helmets, and black webbing consistent with those worn by an elite army unit in Cameroon. BBC “I want to die,” a village chief tells his tormentors as they beat and threaten to kill him. They appear to be members of a separatist militia. Captured on video and shared widely on social media, these are among dozens of clips that have ... Read More »