Stock Markets
Protests and politics as Netanyahu addresses US Congress
By Patricia Zengerle
WASHINGTON (Reuters) -Dozens of Democratic lawmakers planned to skip Israeli Prime Minister Benjamin Netanyahu’s speech to Congress on Wednesday, expressing dismay over the thousands of civilian deaths and the humanitarian crisis from Israel’s campaign in Gaza.
The longtime Israeli leader will make a record fourth speech to a joint meeting of the Senate and House of Representatives at 2 p.m. EDT (1800 GMT), passing British wartime leader Winston Churchill, who made three such speeches.
Netanyahu’s speech was expected to focus on coordinating the Israeli and U.S. response to the volatile situation in the Middle East, where there is a growing danger of the Gaza war spilling over into a wider regional conflict.
He was also expected to call for stronger action against Iran, which supports Palestinian Hamas and Lebanese Hezbollah, both militant groups fighting Israel, and has drawn increased U.S. condemnation over its recent nuclear advances.
Republican leaders in Congress orchestrated the visit, but it was likely to be less confrontational than in 2015 when Republicans sidestepped then-President Barack Obama, a Democrat, and Netanyahu used his speech to criticize Obama’s Iran policy.
This time, Netanyahu will seek to bolster his traditional links to Republicans but also look to ease tensions with President Joe Biden, a Democrat whose support he will rely on for the remaining six months of the president’s term.
Washington is preoccupied with the fallout from Biden’s announcement on Sunday that he was ending his reelection bid and endorsing Vice President Kamala Harris for the Democratic presidential nomination to challenge Republican Donald Trump.
SOME LAWMAKERS STAY AWAY
Some lawmakers said they were uncomfortable about appearing to endorse Netanyahu and his hard-right coalition government as he faces declining poll numbers in Israel.
“For him, this is all about shoring up his support back home, which is one of the reasons I don’t want to attend,” Senator Chris Van Hollen told reporters. “I don’t want to be part of a political prop in this act of deception. He is not the great guardian of the U.S.-Israel relationship.”
A Republican House member, Representative Thomas Massie, also said he would not attend. “The purpose of having Netanyahu address Congress is to bolster his political standing in Israel and to quell int’l opposition to his war. I don’t feel like being a prop so I won’t be attending,” he wrote on X.
Some of the most prominent Democrats planned to stay away. They included Senators Dick Durbin, the chamber’s No. 2 Democrat, Tim Kaine, Jeff Merkley and Brian Schatz, all members of the Senate Foreign Relations Committee, as well as Patty Murray, who chairs Senate Appropriations.
In the House, those staying away included progressive Representatives Rashida Tlaib and Alexandria Ocasio-Cortez, as well as Ami Bera, a senior member of the Foreign Affairs Committee, and Adam Smith, the top Democrat on Armed Services.
Smith said he never attends joint meetings but also described himself on Tuesday as “very, very opposed to what Prime Minister Netanyahu is doing in Israel.”
Harris, who normally would preside over the speech as vice president, will not be attending. Neither will Republican Senator JD (NASDAQ:) Vance, Trump’s vice presidential running mate.
Murray would have presided, as the senior Senate Democrat, in Harris’ absence. Democratic Senator Ben Cardin, who leads the foreign relations committee, will replace her.
NETANYAHU TO MEET BIDEN, HARRIS ON THURSDAY
Netanyahu will meet both Biden and Harris on Thursday. Harris has at times been more forward-leaning than her boss in criticizing Israel for heavy Palestinian civilian casualties in Gaza.
Netanyahu was to travel to Florida to meet with Trump on Friday. The meeting will be their first since the end of Trump’s presidency, during which the two forged close ties.
Before addressing Congress, Netanyahu spoke at a memorial for Senator Joe Lieberman, who died in March, stressing the lawmaker’s view that Israel must be allowed to achieve its goal of “disabling Hamas” and that the U.S. and Israel had a shared interest in a united front against Iran.
Several hundred activists staged a demonstration on Tuesday at a congressional office building, and mass protests were promised for Wednesday. The Capitol building was surrounded by high fencing and a heavy security presence.
Some protesters were out on Wednesday hours before Netanyahu’s speech, holding signs including, “Stop War Crimes in Gaza.” Dozens of Washington streets were closed, with some neighborhoods patrolled by New York City police officers.
Some Democrats said they were attending despite their concerns.
“I sit in that chair that I was elected to sit in on days that I enjoy it and days that are iffy and days that I despise it or a mix of the latter two. But I’m elected to be in that seat,” Representative Dan Kildee said.
“My constituents didn’t elect me to show up only when I enjoy what I’m hearing. If I did that I would spend very little time on the floor of the House.”
Stock Markets
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports
(Reuters) – Data analytics firm Palantir Technologies (NASDAQ:) and defense tech company Anduril Industries are in talks with about a dozen competitors to form a consortium that will jointly bid for U.S. government work, the Financial Times reported on Sunday.
The consortium, which could announce agreements with other tech groups as early as January, is expected to include SpaceX, OpenAI, autonomous shipbuilder Saronic and artificial intelligence data group Scale AI, the newspaper said, citing several people with knowledge of the matter.
“We are working together to provide a new generation of defence contractors,” a person involved in developing the group told the newspaper.
The consortium will bring together the heft of some of Silicon Valley’s most valuable companies and will leverage their products to provide a more efficient way of supplying the U.S. government with cutting-edge defence and weapons capabilities, the newspaper added.
Palantir, Anduril, OpenAI, Scale AI and Saronic did not immediately respond to a Reuters request for comment. SpaceX could not be immediately reached for a comment.
Reuters reported earlier this month that President-elect Donald Trump’s planned U.S. government efficiency drive involving Elon Musk could lead to more joint projects between big defense contractors and smaller tech firms in areas such as artificial intelligence, drones and uncrewed submarines.
Musk, who was named as a co-leader of a government efficiency initiative in the incoming government, has indicated that Pentagon spending and priorities will be a target of the efficiency push, spreading anxiety at defense heavyweights such as Boeing (NYSE:) , Northrop Grumman (NYSE:) , Lockheed Martin (NYSE:) and General Dynamics (NYSE:) .
Musk and many small defense tech firms have been aligned in criticizing legacy defense programs like Lockheed Martin’s F-35 fighter jet while calling for mass production of cheaper AI-powered drones, missiles and submarines.
Such views have given major defense contractors more incentive to partner with emerging defense technology players in these areas.
Stock Markets
Weakened Iran could pursue nuclear weapon, White House’s Sullivan says
By Simon Lewis (JO:)
(Reuters) -The Biden administration is concerned that a weakened Iran could build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that he was briefing President-elect Donald Trump’s team on the risk.
Iran has suffered setbacks to its regional influence after Israel’s assaults on its allies, Palestinian Hamas and Lebanon’s Hezbollah, followed by the fall of Iran-aligned Syrian President Bashar al-Assad.
Israeli strikes on Iranian facilities, including missile factories and air defenses, have reduced Tehran’s conventional military capabilities, Sullivan told CNN.
“It’s no wonder there are voices (in Iran) saying, ‘Hey, maybe we need to go for a nuclear weapon right now … Maybe we have to revisit our nuclear doctrine’,” Sullivan said.
Iran says its nuclear program is peaceful, but it has expanded uranium enrichment since Trump, in his 2017-2021 presidential term, pulled out of a deal between Tehran and world powers that put restrictions on Iran’s nuclear activity in exchange for sanctions relief.
Sullivan said that there was a risk that Iran might abandon its promise not to build nuclear weapons.
“It’s a risk we are trying to be vigilant about now. It’s a risk that I’m personally briefing the incoming team on,” Sullivan said, adding that he had also consulted with U.S. ally Israel.
Trump, who takes office on Jan. 20, could return to his hardline Iran policy by stepping up sanctions on Iran’s oil industry.
Sullivan said Trump would have an opportunity to pursue diplomacy with Tehran, given Iran’s “weakened state.”
“Maybe he can come around this time, with the situation Iran finds itself in, and actually deliver a nuclear deal that curbs Iran’s nuclear ambitions for the long term,” he said.
Stock Markets
Ukraine says Russian general deliberately targeted Reuters staff in August missile strike
(Reuters) -Ukraine’s security service has named a Russian general it suspects of ordering a missile strike on a hotel in eastern Ukraine in August and said he acted “with the motive of deliberately killing employees of” Reuters.
The Security Service of Ukraine (SBU) said in a statement on Friday that Colonel General Alexei Kim, a deputy chief of Russia’s General Staff, approved the strike that killed Reuters safety adviser Ryan Evans and wounded two of the agency’s journalists on Aug. 24.
In a statement posted on Telegram messenger the SBU said it was notifying Kim in absentia that he was an official suspect in its investigation into the strike on the Sapphire Hotel in Kramatorsk, a step in Ukrainian criminal proceedings that can later lead to charges.
In a separate, 15-page notice of suspicion, in which the SBU set out findings from its investigation, the agency said that the decision to fire the missile was made “with the motive of deliberately killing employees of the international news agency Reuters who were engaged in journalistic activities in Ukraine”.
The document, which was published on the website of the General Prosecutor’s Office on Friday, said that Kim had received intelligence that Reuters staff were staying in Kramatorsk. It added that Kim would have been “fully aware that the individuals were civilians and not participating in the armed conflict”.
The Russian defence ministry did not respond to a request for comment on the SBU’s findings and has not replied to previous questions about the attack. The Kremlin also did not respond to a request for comment. Kim did not reply to messages sent by Reuters to his mobile telephone seeking comment about the SBU’s statement and whether the strike deliberately targeted Reuters staff.
The SBU did not provide evidence to support its claims, nor say why Russia targeted Reuters. In response to questions from the news agency, the security agency declined to provide further details, saying its criminal investigation was still under way and it was therefore not able to disclose such information.
Reuters has not independently confirmed any of the SBU’s claims.
Reuters said on Friday: “We note the news today from the Ukrainian security services regarding the missile attack on August 24, 2024, on the Sapphire Hotel in Kramatorsk, a civilian target more than 20 km from Russian-occupied territory.”
“The strike had devastating consequences, killing our safety adviser, Ryan Evans, and injuring members of our editorial team. We continue to seek more information about the attack. It is critically important for journalists to be able to report freely and safely,” the statement said.
Reuters declined to comment further on the allegation that its staff were deliberately targeted.
The SBU statement said Kim had been named a suspect under two articles of the Ukrainian criminal code: waging an aggressive war and violating the laws and customs of war.
“It was Kim who signed the directive and gave the combat order to fire on the hotel, where only civilians were staying,” it said.
Evans, a 38-year-old former British soldier who had worked as a safety adviser for Reuters since 2022, was killed instantly in the strike.
The SBU statement gave some details about how the strike had occurred, according to its investigation.
“To carry out the attack, the Russian colonel general involved one of his subordinate missile forces units,” the Ukrainian agency said, adding that the strike was carried out with an Iskander-M ballistic missile.
The SBU did not identify the specific unit.
Ivan Lyubysh-Kirdey, a videographer for the news agency who was in a room across the corridor, was seriously wounded. Kyiv-based text correspondent Dan Peleschuk was also injured.
The remaining three members of the Reuters team escaped with minor cuts and scratches.
- Forex2 years ago
Forex 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