Stock Markets
US carries out first airdrop of aid into Gaza
© Reuters. Aid is air-dropped over Gaza, amid the ongoing the conflict between Israel and Hamas, in Gaza City, March 1, 2024. REUTERS/Kosay Al Nemer
By Idrees Ali, Phil Stewart and Jeff Mason
WASHINGTON (Reuters) -The U.S. military on Saturday carried out its first airdrop of aid into Gaza, after the deaths of Palestinians queuing for food underlined the growing humanitarian catastrophe in the crowded coastal enclave after months of Israeli military operations.
Other countries including Jordan and France have already conducted airdrops of aid into Gaza, where the U.N. Office for the Coordination of Humanitarian Affairs says a quarter of the population – 576,000 people – are one step from famine.
The U.S. airdrop used C-130 transport aircraft which dropped more than 38,000 meals along Gaza’s Mediterranean coastline, the U.S. military said in a statement. Jordanian forces also took part in the operation.
“We are conducting planning for potential follow-on airborne aid delivery missions,” the statement said.
A senior administration official, speaking on condition of anonymity, said the drop had not been coordinated with any groups on the ground in Gaza but U.S. officials had seen civilians approaching the aid and distributing it among themselves.
“We’ve been monitoring the location where the assistance was dropped,” the official said.
A second U.S. official told Reuters the airdrops took place over southwestern Gaza and the town of Mawasi.
The White House said on Friday the airdrops will be a sustained effort, and that Israel supported the measure.
Under pressure at home and abroad, the Biden administration is also considering shipping aid by sea from Cyprus, some 210 nautical miles off Gaza’s coast, according to a U.S. official.
The U.S. for months has been calling for Israel to allow more aid into Gaza, something Israel has resisted.
Some experts said being forced to resort to costly, inefficient airdrops was the latest demonstration of Washington’s limited influence over Israel as it pursues its war with Hamas. Washington is arming Israel and considers it one of its closest allies in the region.
Critics of airdrops say they have only a limited impact on the suffering, and that it is nearly impossible to ensure supplies do not end up in the hands of militants.
Another U.S. official said distributing aid has been a significant challenge in Gaza because lawlessness has escalated, with criminal gangs taking aid and reselling it.
“There’s a way that you resolve this problem. And the way is you flood the market. You bring in assistance from every point you can – air, sea, land,” the official told reporters. “The president’s intent is to see that flooding of the zone.”
Before the conflict, Gaza relied on 500 trucks with supplies entering daily.
The U.N. Palestinian refugee agency UNRWA said on Friday that during February an average of nearly 97 trucks were able to enter Gaza each day, compared with about 150 a day in January.
Deliveries through the Rafah Crossing between Egypt and Gaza have been almost halted. While trucks have sometimes passed through Israel’s Kerem Shalom crossing, they have been disrupted by Israeli protesters seeking to block deliveries. UNRWA says the crossing was closed from Feb. 8-10 and Feb. 15-17.
With people eating animal feed to survive and medics saying children are dying from malnutrition and dehydration, the U.N. has said it faces “overwhelming obstacles” getting in aid.
Gaza health authorities said Israeli forces killed more than 100 people trying to reach a relief convoy near Gaza City on Thursday. Palestinians face an increasingly desperate situation nearly five months into the war.
Israel blamed most of the deaths on crowds that swarmed around aid trucks, saying victims had been trampled or run over. An Israeli official also said troops had “in a limited response” later fired on crowds they felt had posed a threat.
Israel says it is committed to improving the humanitarian situation in Gaza, and accuses Hamas militants of endangering Palestinian civilians by using them as human shields.
Thursday’s incident near Gaza City was the biggest loss of civilian lives in weeks. Hamas said it could jeopardize talks in Qatar aimed at securing a ceasefire and the release of Israeli hostages. Hopes had been growing of a truce before the March 10 start of the Muslim fasting month of Ramadan.
By Maggie Fick and Ahmed Aboulenein
WASHINGTON (Reuters) – Members of Donald Trump’s presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according to a health law expert familiar with the discussions.
“I have it on good authority that he plans to withdraw, probably on Day One or very early in his administration,” said Lawrence Gostin, professor of global health at Georgetown University in Washington and director of the WHO Collaborating Center on National and Global Health (NS:) Law.
The Financial Times was first to report on the plans, citing two experts. The second expert, former White House COVID-19 response coordinator Ashish Jha, was not immediately available for comment.
The Trump transition team did not immediately respond to a Reuters request for comment.
The plan, which aligns with Trump’s longstanding criticism of the U.N. health agency, would mark a dramatic shift in U.S. global health policy and further isolate Washington from international efforts to battle pandemics.
Trump has nominated several critics of the organization to top public health positions, including Robert F. Kennedy Jr., a vaccine skeptic who is up for the post of secretary of Health and Human Services, which oversees all major U.S. health agencies including the CDC and FDA.
Trump initiated the year-long withdrawal process from the WHO in 2020 but six months later his successor, President Joe Biden, reversed the decision.
Trump has argued that the agency failed to hold China accountable for the early spread of COVID-19. He has repeatedly called the WHO a puppet of Beijing and vowed to redirect U.S. contributions to domestic health initiatives.
A WHO spokesperson declined to directly comment but referred Reuters to comments by WHO Director-General Tedros Adhanom Ghebreyesus at a press briefing on Dec. 10 in which he was asked whether he was concerned that the Trump administration would withdraw from the organization.
Tedros said at the time that the WHO needed to give the U.S. time and space for the transition. He also voiced confidence that states could finalize a pandemic agreement by May 2025.
Critics warn that a U.S. withdrawal could undermine global disease surveillance and emergency response systems.
“The U.S. would lose influence and clout in global health and China would fill the vacuum. I can’t imagine a world without a robust WHO. But U.S. withdrawal would severely weaken the agency,” Gostin said.
U.Today – MicroStrategy has made headlines again by purchasing 5,262 BTC for approximately $561 million at an average price of $106,662 per BTC. The company now holds a staggering 444,262 BTC, accumulated at a total cost of approximately $27.7 billion, with an average purchase price of $62,257 per BTC.
Despite impressive returns of 47.4% since the beginning of the quarter and 73.7% since the beginning of the year, skepticism about the company’s strategy is growing.
It is believed that to sustain its purchases, MicroStrategy raises capital through methods such as issuing convertible and corporate bonds, securing credit lines and selling shares.
This cycle appears to operate as follows: shares are sold to acquire the cryptocurrency, and the rising price per BTC increases asset value, enabling further loans, which are then reinvested in more purchases.
Some observers warn that a significant decline in Bitcoin’s price or MicroStrategy’s stock could trigger a cascade effect. A sharp fall in MSTR shares would weaken the collateral backing its loans, potentially leading to forced asset sales, including BTC.
This scenario could exert downward pressure on the broader cryptocurrency market, as the company holds 2.2% of the global Bitcoin supply now.
Thus, while some view Michael Saylor’s approach as a bold bid to cement the cryptocurrency’s role in the financial system, others see it as unsustainable. History offers a cautionary note: in 2000, MSTR shares surged to $333 before plummeting 99%, a collapse that took 24 years to recover from.
National homebuilder ranked No. 12 on inaugural list ranking companies based on trust
SCOTTSDALE, Ariz., Dec. 23, 2024 /PRNewswire/ — With a longstanding reputation for trust, national homebuilder and land developer Taylor Morrison (NYSE:) (NYSE: ™HC) has been recognized by Forbes on their inaugural list of the Most Trusted Companies in America. The homebuilder ranked No. 12 out of 300 companies across all industries.
“There are few things more powerful than trust and it’s something we strive to earn amongst all company stakeholders, from our customers to our team members, our shareholders, and our local communities,” said Taylor Morrison Chairman and CEO Sheryl Palmer. “To be included on this esteemed list in its inaugural year is especially meaningful and these awards are important reminders of the relationships we’re building across all aspects of our business.”
Fueled by hundreds of millions of data points, the Most Trusted Companies in America list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust and media sentiment. The ranking was created in partnership with research companies HundredX, Signal AI and Glassdoor.
Taylor Morrison also earned the No. 67 spot on Forbes’ inaugural America’s Best Companies list. The ranking is Forbes’ most comprehensive company ranking to date and factored in ratings for financial performance, customer and employee satisfaction, cybersecurity, sustainability, companies’ remote work policies, media coverage and more. Forbes’ America’s Best Companies list assessed more than 60 metrics across 11 primary categories to identify which organizations excel across the board. Of the more than 2,000 U.S.-based publicly traded companies that were eligible, only 300 qualified for each list.
In addition to being named among the Most Trusted and Best Companies in America by Forbes, Taylor Morrison holds several additional accolades including being named on Newsweek’s America’s Most Responsible Companies and America’s Greenest Companies lists, U.S. News & World Report’s Best Companies to Work For list, the American Opportunity (SO:) Index, America’s Most Trusted ® Home Builder for nine years, Hearthstone’s 2021 BUILDER Humanitarian Award, and inclusion on the Fortune 500 list since 2021.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation’s leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands”including Taylor Morrison, Esplanade and Yardly. From 2016-2024, Taylor Morrison has been recognized as America’s Most Trusted ® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.
For more information about Taylor Morrison, please visit www.taylormorrison.com.
CONTACT:
media@taylormorrison.com
Forex2 years agoForex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies
