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)
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Updated 24 September 2024
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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.

 


France arrests new Algerian influencer as tensions soar

France arrests new Algerian influencer as tensions soar
Updated 16 sec ago
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France arrests new Algerian influencer as tensions soar

France arrests new Algerian influencer as tensions soar
PARIS: French authorities Wednesday arrested another Algerian social media influencer as tensions soar between Paris and its North African former colony, the interior minister announced.
Rafik M. had “called on Tiktok for the carrying out of violent acts on French territory,” said Interior Minister Bruno Retailleau on social media, without saying where he had been arrested.
The influencer is one of half a dozen Algerians arrested in France over the last month on accusations of calling for violence on French territory.
One of them, known as “Doualemn,” was deported to Algeria where the authorities promptly sent him back to France in a move that incensed Retailleau.
Tensions have surged between France and Algeria after President Emmanuel Macron renewed French support for Moroccan sovereignty over the disputed territory of Western Sahara during a visit to the kingdom last year.
Western Sahara, a former Spanish colony, is mostly under the de facto control of Morocco. But it is claimed by the Algiers-backed Sahrawi separatists of the Polisario Front, who want a self-determination referendum.
Algeria meanwhile has been holding French-Algerian novelist Boualem Sansal on national security charges. Sansal, who was arrested at Algiers airport in November, is a major figure in modern francophone literature.
Retailleau, a hard-line rightwinger, has repeatedly accused Algeria of “seeking to humiliate France.”
The far-right in France is urging the government to take tough measures against Algiers, including canceling aid, cooperation agreements and delivering visas.
Foreign Minister Jean-Noel Barrot said earlier this month France would have “no option but to retaliate” if “the Algerians continue to escalate” the row.
But Algeria has rejected France’s accusation of escalation, denouncing a “campaign of disinformation” by Paris.
Retailleau’s hard-line stance on a diplomatic issue has not met with universal approval in France, with influential former foreign minister and prime minister Dominique de Villepin accusing hin of “escalation” and giving into “the temptation of settling scores.”
Defense minister Sebastien Lecornu called on Tuesday for “rebuilding the relationship” between Algeria and France, while expressing regret over “the current excesses of the Algerian government.”
Retailleau himself said in an interview published Tuesday that “we now need to normalize our diplomatic relations with Algeria,” adding that “the time has come to turn the page.”
Algeria won independence from France in 1962 after a ferocious over seven year war and the scars from that conflict have never fully healed.

Indonesia rescuers search for survivors as landslide kills at least 17

Indonesia rescuers search for survivors as landslide kills at least 17
Updated 22 January 2025
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Indonesia rescuers search for survivors as landslide kills at least 17

Indonesia rescuers search for survivors as landslide kills at least 17
  • Intense rainfall in a mountainous area near Pekalongan city in Central Java province sparked the landslide on Monday

Pekalongan: Hundreds of rescuers were searching through thick mud and debris to find survivors Wednesday after a rain-triggered landslide in Indonesia killed at least 17 people and left nine missing.
Intense rainfall in a mountainous area near Pekalongan city in Central Java province sparked the landslide on Monday, collapsing bridges and burying cars and houses.
Search and rescue agency Basarnas said in a statement Wednesday that the toll remained unchanged from Tuesday at 17 dead, nine missing and 13 people injured.
But another body was found, Mohammad Yulian Akbar, a local official told AFP later Wednesday, giving a higher toll of 18.
Heavy machinery was deployed to clear road access for search teams and around 200 rescue personnel have been sent to help, Akbar said.
“The focus is to search for the victims,” he said, adding that the local government had declared an emergency in the district for two weeks.
The worst hit area was Kasimpar village according to the local official, where the landslide struck a coffee shop and people who were trying to shelter from the rain.
Police, soldiers and volunteers have joined the search alongside rescue workers, which is taking place around 90 kilometers (60 miles) west of the city of Semarang.
But efforts were intermittently suspended Tuesday as heavy rain continued to pound the area.
The weather forecast for the next three days suggests moderate rain that could “cause floods, flash floods and landslides,” warned Abdul Muhari, a spokesman for the National Disaster Mitigation Agency (BNPB), on Tuesday.
Indonesia is prone to landslides during the rainy season, typically between November and April.
In November, flooding triggered by intense rains in western Indonesia killed 27 people.
But some disasters caused by adverse weather have taken place outside that season in recent years. Climate change has also increased the intensity of storms, leading to heavier rains, flash floods and stronger gusts.
In May, at least 67 people died after heavy rains caused flash floods in West Sumatra, pushing a mixture of ash, sand, and pebbles from the eruption of Mount Marapi into residential areas.


Trump tests whether a bulldozer can also be a peacemaker

US President Donald Trump speaks in the Roosevelt Room at the White House on January 21, 2025, in Washington, DC. (AFP)
US President Donald Trump speaks in the Roosevelt Room at the White House on January 21, 2025, in Washington, DC. (AFP)
Updated 22 January 2025
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Trump tests whether a bulldozer can also be a peacemaker

US President Donald Trump speaks in the Roosevelt Room at the White House on January 21, 2025, in Washington, DC. (AFP)
  • During his first stint in power, Trump ordered a strike that killed senior Iranian commander Qassem Soleimani and vowed confrontation with China

WASHINGTON: President Donald Trump has vowed to be a peacemaker in his new term, but his aggressive early actions threaten to alienate US friends in a way that could hinder his ambitions, experts say.
In an inaugural address on Monday, Trump said that his “proudest legacy will be that of a peacemaker and a unifier” and pointed to his support for a new ceasefire in Gaza.
Speaking to reporters as he returned to the White House after four years, Trump also suggested he would press Russia to make a deal to end its three-year invasion of Ukraine, quipping that President Vladimir Putin — with whom he had famously warm relations in the past — knows he is “destroying” his own country.
But in the throwback to the bedlam of his 2017-2021 term, Trump’s return was also consumed by rage over grievances at home, and the most memorable foreign-policy line of his inaugural address was a vow to take back the Panama Canal, which the United States returned in 1999 but where Trump charges that China has gained too strong a foothold.
Trump has also spoken of seizing Greenland from NATO ally Denmark, moved to send the military to the Mexican border to stop migration, vowed tariffs even against close allies and announced the withdrawal of the United States from the World Health Organization and Paris climate accord, both home to almost every other country.
“Trump’s worldview seems to be contradictory. He has a streak that is pro-peace and another streak which seems more confrontational and militarist,” said Benjamin Friedman, policy director at Defense Priorities, which advocates restraint.
During his first stint in power, Trump ordered a strike that killed senior Iranian commander Qassem Soleimani and vowed confrontation with China, although he also boasted of keeping US troops out of new wars and sought diplomacy with North Korea.
“In the first term, the more confrontational and militarist streak won out more often than not” on tension spots such as Iran, Friedman said.
This time, he said, at least on Ukraine and the Middle East, Trump appears to have shifted to a more progressive stance.
But on Latin America, and in his selection of aides with hawkish views on China, Trump remains hawkish, Friedman said.
He said that Trump essentially had a 19th-century philosophy in line with populist president Andrew Jackson, feeling a comfort with threatening the use of force to achieve national interests.
Such a way of thinking, for Trump, “isn’t consistent necessarily with being a peacemaker or a warmonger” but rather is a mix.

Trump made no clear mention of US allies on his inaugural day. In the past he has described NATO allies as freeloaders and pushed them to pay more for their own security.
However, Secretary of State Marco Rubio was meeting Tuesday with counterparts from Japan, India and Australia — the so-called Quad of democracies which China sees as an effort to contain its rise.
Jon Alterman, a senior vice president at the Center for Strategic and International Studies, said that Trump should be mindful of lessons from China, whose assertive “Wolf Warrior” diplomacy brought together a number of Asian countries on the receiving end.
“It would be a profound shift if the United States went from being seen as the principal provider of security to being the principal source on uncertainty,” Alterman said.
Trump, as he seeks to negotiate deals, “has an interest in keeping friendly countries on his side,” Alterman said.
Kori Schake, who served in senior defense planning roles under former president George W. Bush, said it was too early to tell the impact of Trump’s “chaos” on peacemaking and said that early actions could have been even more severe.
“But the actions he did take are still damaging. Withdrawing from the World Health Organization will give us less warning of emergent disease,” she said.
“Antagonizing Panama is counterproductive and will fan anti-Americanism throughout the hemisphere,” she said.
 

 


Trump’s UN pick blasts ‘anti-Semitic rot’ in world body

Trump’s UN pick blasts ‘anti-Semitic rot’ in world body
Updated 22 January 2025
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Trump’s UN pick blasts ‘anti-Semitic rot’ in world body

Trump’s UN pick blasts ‘anti-Semitic rot’ in world body
  • Stefanik was pushed on her views on the war in Gaza, and noted that she voted to defund UNRWA, the UN agency for Palestinian refugees

WASHINGTON: Donald Trump’s nominee to represent Washington at the United Nations railed against “anti-Semitic rot” in the global organization as she was grilled by senators at her confirmation hearing on Tuesday.
New York congresswoman Elize Stefanik noted that America contributes more to the UN than any other country and called for reform to ensure its tax dollars were not “propping up entities that are counter to American interests, anti-Semitic, or engaging in fraud, corruption or terrorism.”
A right-wing firebrand who was considered a moderate before the Trump era, Stefanik is seen as one of the most vocal supporters in Congress of both Israel and US Jewish causes.
“It’s one of the reasons why, in my conversation with President Trump, I was interested in this position — because if you look at the anti-Semitic rot within the United Nations, there are more resolutions targeting Israel than any other country, any other crisis, combined,” Stefanik told the Senate Committee on Foreign Relations.
Stefanik, 40, made the same criticism of the US higher education system as she touted her record of holding the feet of college administrators to the fire during aggressive questioning last year over anti-Semitism on campuses.
“My oversight work led to the most viewed testimony in the history of Congress,” she said.
“This hearing with university presidents was heard around the world and viewed billions of times, because it exposed the anti-Semitic rot in colleges and universities and was a watershed moment in American higher education.”
Stefanik was pushed on her views on the war in Gaza, and noted that she voted to defund UNRWA, the UN agency for Palestinian refugees. Former president Joe Biden halted its US funding over allegations that members were possibly involved in the October 7 Hamas attacks.
Stefanik also revealed that she agreed with far-right Israeli ministers who believe Israel has a “biblical right to the entire West Bank” — but avoided being pinned down on whether she supported Palestinian self-determination.
Pennsylvania’s John Fetterman is the only Democrat to have pledged his support for Stefanik, but others have indicated they may wave her through and she is expected to be confirmed with little drama in a vote of the full Senate.
“If confirmed, I will work to ensure that our mission to the United Nations serves the interest of the American people, and represents American President Trump’s America First, peace-through-strength foreign policy,” she said.

 


Australia probes possible foreign funding behind anti-Semitic attacks

Australia probes possible foreign funding behind anti-Semitic attacks
Updated 22 January 2025
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Australia probes possible foreign funding behind anti-Semitic attacks

Australia probes possible foreign funding behind anti-Semitic attacks
  • Vandals have in recent weeks torched a Sydney childcare center, set cars ablaze in largely Jewish neighborhoods and splashed inner-city synagogues with red paint and graffiti

SYDNEY: Australia is investigating whether local criminals were paid by foreign actors to carry out a spate of anti-Semitic attacks, Prime Minister Anthony Albanese said Wednesday.
Vandals have in recent weeks torched a Sydney childcare center, set cars ablaze in largely Jewish neighborhoods and splashed inner-city synagogues with red paint and graffiti.
Masked arsonists firebombed a synagogue in the city of Melbourne in December.
Albanese said some of these attacks appeared to have been carried out by “paid actors.”
“Some of these are being perpetrated by people who don’t have a particular issue, aren’t motivated by an idealogy, but are paid actors,” he said.
“It’s unclear who or where the payments are coming from.”
Australian Federal Police commissioner Reece Kershaw said detectives were investigating whether cash to fund these attacks had flowed from “overseas.”
“We are looking into whether overseas actors or individuals have paid local criminals in Australia to carry out some of these crimes in our suburbs.”
Neither Albanese nor police offered any details about what evidence authorities may have collected, which foreign actors were under suspicion, or why they were supposedly involved.
Police on Wednesday charged a 33-year-old man with attempting to light a Sydney synagogue on fire.
Eight people were charged on Tuesday with a string of “hate crime-related incidents” dating back to November, police said.