US urges Israel to extend banking relations with Palestinian banks for at least a year

Adewale Adeyemo listens to questions during his Senate Finance Committee nomination hearing to be the next Deputy Treasury Secretary on February 23, 2021 at Capitol Hill in Washington, D.C. (AFP file photo)
Adewale Adeyemo listens to questions during his Senate Finance Committee nomination hearing to be the next Deputy Treasury Secretary on February 23, 2021 at Capitol Hill in Washington, D.C. (AFP file photo)
Short Url
Updated 24 September 2024
Follow

US urges Israel to extend banking relations with Palestinian banks for at least a year

US urges Israel to extend banking relations with Palestinian banks for at least a year
  • Israel’s military offensive in the Gaza Strip has killed more than 41,000 Palestinians, according to health officials in the Hamas-ruled enclave, and created a humanitarian crisis

WASHINGTON: US Deputy Treasury Secretary Wally Adeyemo urged Israel to extend its banking relationships with Palestinian banks for at least a year to avert an economic crisis in the West Bank, warning that Israel’s own security was at stake.
Adeyemo delivered the message in a meeting with Bank of Israel Governor Amir Yaron in New York on Monday on the sidelines of the United Nations General Assembly before meeting separately with Jordan’s King Abdullah.
“He expressed the United States government’s concern about threats by some within the Israeli government to sever correspondent banking relationships between Israeli and Palestinian banks and insisted that these should be extended for at least a year,” the Treasury Department said in a statement about Adeyemo’s meeting with Yaron.
Israel’s UN mission declined to comment.
US officials have been warning for months that threats by Israeli Finance Minister Bezalel Smotrich and other Israeli officials to cut off Palestinian banks from their Israeli correspondent banks could destabilize the Palestinian Authority, which in turn could harm Israel’s own security.
The banking correspondence authorization is due to expire on Oct. 31, posing risks to export and import transactions valued at nearly $10 billion, Treasury officials have said.
Adeyemo told Abdullah that any Israeli move to cut off Palestinian banks would raise the risk of regional instability and could move more Palestinian financial transactions into the shadows, both of which would harm Israeli and regional security, said a source familiar with those talks.
Treasury Secretary Janet Yellen raised similar concerns ahead of a Group of Seven finance ministers meeting in May, and the issue was mentioned in two G7 joint communiques.
“The viability of the Palestinian Authority is essential to stability in the West Bank, which in turn is essential to Israel’s own national security,” said one US official, speaking on condition of anonymity.
The World Bank on Monday said the Palestinian territories were already “nearing economic freefall,” with Gaza’s gross domestic product declining 86 percent in the first quarter of 2024 year on year, and the Palestinian Authority facing a financing gap of $1.86 billion in 2024 and heightened risks of a “systemic failure.”
Smotrich in June extended a waiver that allows cooperation between Israel’s banking system and Palestinian banks in the occupied West Bank, but only for four months, not a full year as his predecessors had done.
The waiver allows Israeli banks to process shekel payments for services and salaries tied to the Palestinian Authority, without the risk of being charged with money laundering and funding terrorism. Without it, Palestinian banks would be cut off from the Israeli financial system.
US officials have been tight-lipped about what would happen if Israel failed to extend the waiver, and whether they could impose sanctions similar to those slapped on Israeli settlers for violence against Palestinians in the West Bank.

 


Trump immigration enforcement memo targets migrants who entered legally under Biden

Trump immigration enforcement memo targets migrants who entered legally under Biden
Updated 15 sec ago
Follow

Trump immigration enforcement memo targets migrants who entered legally under Biden

Trump immigration enforcement memo targets migrants who entered legally under Biden
The US Department of Homeland Security memo provides guidance for the use of a fast-track deportation process
The process, known as “expedited removal,” had been applied only to people apprehended within 14 days of entering the country

WASHINGTON: The Trump administration is empowering federal immigration officers to consider whether to strip temporary legal status from migrants who entered through former President Joe Biden’s signature “parole” programs in an effort to ramp up deportations to record levels, according to a memo issued on Thursday.
The US Department of Homeland Security memo provides guidance for the use of a fast-track deportation process that the Trump administration reinstated earlier this week, suggesting officers focus on migrants who failed to request asylum within a one-year deadline after arriving in the US
The process, known as “expedited removal,” had been applied only to people apprehended within 14 days of entering the country and within 100 miles (160 km) of the border under Biden. On Tuesday, it was expanded nationwide and applied to all those who entered within two years.
President Donald Trump issued a series of executive orders after returning to the White House on Monday intended to deter illegal immigration and position the US to deport millions of immigrants without legal status.
The Republican president says the moves are necessary after millions of immigrants entered the US under Biden, both crossing illegally and through Biden’s legal entry programs.
Some Democrats and advocates counter that Trump’s aggressive enforcement could target non-criminals, disrupt businesses and split apart families. Immigrant rights group Make the Road New York sued on Wednesday to block Trump’s expansion of the fast-track deportation process.
Some 1.5 million migrants entered the US from 2022 to 2024 through two Biden legal entry “parole” programs aimed at reducing illegal crossings, according to US government statistics. One program allowed migrants waiting in Mexico to schedule an appointment to request asylum at a legal border crossing. Another allowed Cubans, Haitians, Nicaraguans and Venezuelans outside the US to enter by air if they had US sponsors and underwent vetting.
Trump ended those programs on Monday, leaving some migrants in Mexico
stranded and unsure of next steps. Migrants who might have entered legally could face riskier routes if they cross illegally and higher prices from smugglers.
The latest guidance allowing US Immigration and Customs Enforcement (ICE) officers to consider stripping active parole from people who entered in the past two years could face legal challenges, one former Biden official said.
ICE made some 500 arrests on Thursday, Fox News reported, about a third of which were people without criminal records. The agency’s daily average for arrests was 311 in fiscal year 2024 and 467 in fiscal year 2023.
Ras Baraka, the Democratic mayor of Newark, New Jersey, criticized ICE last night
for an enforcement action in his city that involved detaining US citizens and a military veteran.

University students lead a strike in Serbia as populist president plans a rally to counter protests

University students lead a strike in Serbia as populist president plans a rally to counter protests
Updated 24 January 2025
Follow

University students lead a strike in Serbia as populist president plans a rally to counter protests

University students lead a strike in Serbia as populist president plans a rally to counter protests
  • Daily traffic blockades took place on Friday in various cities and towns in the Balkan nation
  • “Let’s take freedom in our hands,” students told the citizens in their strike call

BELGRADE: A student-led strike closed down numerous businesses and drew tens of thousands into the streets throughout Serbia on Friday as populist President Aleksandar Vucic planned a big rally to counter persistent anti-government protests that have challenged his tight grip on power.
Daily traffic blockades took place on Friday in various cities and towns in the Balkan nation, held to commemorate the victims of a deadly canopy collapse which killed 15 people in November. Huge crowds later flooded the streets for noisy protest marches through the capital Belgrade and elsewhere in the country.
“Let’s take freedom in our hands,” students told the citizens in their strike call.
Many in Serbia believe the huge concrete canopy at a train station in the northern city of Novi Sad fell down because of sloppy reconstruction work that resulted from corruption.
Weeks-long protests demanding accountability over the crash have been the biggest since Vucic came to power more than a decade ago. He has faced accusations of curbing democratic freedoms despite formally seeking European Union membership for Serbia.
It was not immediately possible to determine how many people and companies joined the students’ call for a one-day general strike on Friday. They included restaurants, bars, theaters, bakeries, various shops and bookstores.
Vucic will gather his supporters in the central town of Jagodina later on Friday. He has announced plans to form a nationwide political movement in the style of Russia’s President Vladimir Putin that would help ensure the dominance of his right-wing Serbian Progressive Party.
The president and his mainstream media have accused the students of working under orders from foreign intelligence services to overthrow the authorities while pro-government thugs have repeatedly attacked protesting citizens.
No incidents were reported during the 15-minute traffic blockades on Friday that started at 11.52, the exact time of the canopy collapse in Novi Sad.
During a blockade last week in Belgrade, a car rammed into protesting students, seriously injuring a young woman.
Serbian universities have been blockaded for two months, along with many schools. A lawyers’ association also has gone on strike but it remained unclear how many people stayed away from work in the state-run institutions on Friday.
As well as Belgrade and Novi Sad, protest marches were also held Friday in the southern city of Nis and smaller cities, and even in Jagodina ahead of Vucic’s arrival.
“Things can’t stay the same anymore,” actor Goran Susljik told N1 regional television. “Students have offered us a possibility for a change.”
Serbia’s prosecutors have filed charges against 13 people for the canopy collapse, including a government minister and several state officials. But the former construction minister Goran Vesic has been released from detention, fueling doubts over the probe’s independence.
The main railway station in Novi Sad was renovated twice in recent years as part of a wider infrastructure deal with Chinese state companies.


Ukraine to evacuate more children from frontline villages

Ukraine to evacuate more children from frontline villages
Updated 24 January 2025
Follow

Ukraine to evacuate more children from frontline villages

Ukraine to evacuate more children from frontline villages
  • “I have decided to start a mandatory evacuation of families with children” from around two dozen frontline villages and settlements, Donetsk region governor Vadym Filashkin said
  • Around 110 children lived in the area affected

KYIV: Ukraine on Friday announced the mandatory evacuation of dozens of families with children from frontline villages in the eastern Donetsk region.
Russia’s troops have been grinding across the region in recent months, capturing a string of settlements, most of them completely destroyed in the fighting since Russia invaded in February 2022.
“I have decided to start a mandatory evacuation of families with children” from around two dozen frontline villages and settlements, Donetsk region governor Vadym Filashkin said on Telegram.
Around 110 children lived in the area affected, he added.
“Children should live in peace and tranquility, not hide from shelling,” he said, urging parents to heed the order to leave.
The area is in the west of the Donetsk region, close to the internal border with Ukraine’s Dnipropretovsk region.
Russia in 2022 claimed to have annexed the Donetsk region, but has not asserted a formal claim to Dnipropretovsk.
The order to leave comes a day after officials in the northeastern Kharkiv region announced the evacuation of 267 children from several settlements there under threat of Russian attack.


Trump to visit disaster zones in North Carolina, California on first trip of second term

Trump to visit disaster zones in North Carolina, California on first trip of second term
Updated 24 January 2025
Follow

Trump to visit disaster zones in North Carolina, California on first trip of second term

Trump to visit disaster zones in North Carolina, California on first trip of second term
  • The president is also heading to hurricane-battered western North Carolina

WASHINGTON: President Donald Trump is heading into the fifth day of his second term in office, striving to remake the traditional boundaries of Washington by asserting unprecedented executive power.
The president is also heading to hurricane-battered western North Carolina and wildfire-ravaged Los Angeles, using the first trip of his second administration to tour areas where politics has clouded the response to deadly disasters.


Kyiv says received bodies of 757 killed Ukrainian troops

Kyiv says received bodies of 757 killed Ukrainian troops
Updated 24 January 2025
Follow

Kyiv says received bodies of 757 killed Ukrainian troops

Kyiv says received bodies of 757 killed Ukrainian troops
  • The exchange of prisoners and return of their remains is one of the few areas of cooperation between Moscow and Kyiv

KYIV: Kyiv said Friday it had received the bodies of hundreds of Ukrainian troops killed in battle with Russian forces, in one of the largest repatriations since Russia invaded.
The exchange of prisoners and return of their remains is one of the few areas of cooperation between Moscow and Kyiv since the Kremlin mobilized its army in Ukraine in February 2022.
The repatriation announced by the Coordination Headquarters for the Treatment of Prisoners of War, a Ukrainian state agency, is the largest in months and underscores the high cost and intensity of fighting ahead of the war’s three-year anniversary.
“The bodies of 757 fallen defenders were returned to Ukraine,” the Coordination Headquarters said in a post on social media.
It specified that 451 of the bodies were returned from the “Donetsk direction,” probably a reference to the battle for the mining and transport hub of Pokrovsk.
The city that once had around 60,000 residents has been devastated by months of Russian bombardments and is the Kremlin’s top military priority at the moment.
The statement also said 34 dead were returned from morgues inside Russia, where Kyiv last August mounted a shock offensive into Russia’s western Kursk region.
Friday’s repatriation is at least the fifth involving 500 or more Ukrainian bodies since October.
Military death tolls are state secrets both in Russia and Ukraine but Ukrainian President Volodymyr Zelensky revealed last December that 43,000 Ukrainian troops had been killed and 370,000 had been wounded since 2022.
The total number is likely to be significantly higher.
Russia does not announce the return of its bodies or give up-to-date information on the numbers of its troops killed fighting in Ukraine.