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Lebanon’s new PM says reaching out to all sides to save country

Lebanon’s new Prime Minister Nawaf Salam said Tuesday that he was reaching out to all political persuasions to help “rescue” his crisis-hit country ahead of talks aimed at forming a government.After two years of a caretaker administration, Salam faces the difficult task of assembling a cabinet to pull the Mediterranean country out of an economic collapse.The new government will also need to oversee the implementation of a fragile ceasefire, as well as reconstruction, after a war between Israel and Shiite militant group Hezbollah that ended in November.After flying back from abroad to take up his post, Salam appeared to appeal to the Iran-backed group and its allies after they declined to back his nomination.”My hands are extended to all to set off together on this mission of rescue, reform and rebuilding,” he said in his first speech.”I am not one of those who exclude, but those who unite,” said the former presiding judge at the International Court of Justice in The Hague.He spoke ahead of two days of parliamentary consultations starting Wednesday, and a visit from France’s President Emmanuel Macron at the end of the week.New President Joseph Aoun tasked Salam with forming a government on Monday, after a majority of members of parliament gave him their endorsement.Hezbollah has long objected to any suggestion of Salam as premier, but the group was left weakened by its bruising war with Israel.Analysts say this allowed for Aoun’s election last week after a two-year vacancy in the presidency, as well as Salam’s swift nomination on Monday.- ‘Productive economy’ -Speaking just over a month after the end of the war in the country’s south, a traditional stronghold of Hezbollah, Salam pledged to “extend the authority of the Lebanese state across all its territory”.He said he would “work seriously to completely implement UN Resolution 1701”, which calls for Hezbollah to withdraw from southern Lebanon and which formed the basis for the ceasefire.Referring to Israel, he declared his commitment to imposing “the complete withdrawal of the enemy from the last occupied inch of our land”, another stipulation of the truce deal and Resolution 1701.He said the ceasefire should be fully implemented to facilitate rebuilding conflict-ravaged areas in the south and east, as well as in Beirut.”The most important challenge we face today is confronting the results of the last aggression” by Israel, he said.In a country that has been grappling with financial ruin for the past five years, he vowed to work towards a government that could “build a modern and productive economy”.He also promised “justice for the victims of the Beirut port blast” in 2020, which killed more than 220 people, injured at least 6,500 and devastated swathes of the capital. Protesters have demanded accountability for the explosion, but an investigation has stalled, mired in legal and political wrangling. – ‘New chapter’ -Salam became prime minister after a short tenure as ICJ president that began in February last year.He was also Lebanon’s ambassador to the United Nations from 2007 to 2017.Salam’s supporters include those who see him as the right man to move away from the crony politics that have ruled the country since the 1975-1991 civil war.As the country’s economy plummeted in late 2019, mass protests erupted against the ruling class, which demonstrators accused of corruption, but they petered out as the Covid pandemic hit.In multi-confessional Lebanon, drawing up a list of ministers approved by all sides can take weeks or even months due to deep political divisions and horse-trading.Aoun’s election on Thursday came amid international pressure, especially from the United States and Saudi Arabia, to finally choose a head of state and pull the country out of crisis.Salam called for a “new chapter” in Lebanon without foreign interference.”We have all bet on outside (powers), but it has taught us that the only thing worth betting on is our unity and cooperation with each other,” he said.

Iraq and UK reach mega-infrastructure deals in reset of ties

Iraq’s Prime Minister Mohammed Shia al-Sudani met Tuesday with his UK counterpart Keir Starmer, securing a £12.3 billion ($15 billion) trade and investment package during a UK visit hailed as a “new era” in ties.The Iraqi leader’s trip to London, during which he also met King Charles III, focused on security, migration and infrastructure, with the two leaders agreeing a strategic “defence relationship” to deepen cooperation.It comes more than 20 years after Britain took part in the US-led invasion which left the country reeling from conflict for years.Starmer — who entered Downing Street last July — is eager to reset ties with a host of capitals, from Beijing to Brussels, and keen to seal any deals to boost Britain’s ailing economy.”The leaders reaffirmed their commitment to the vision of a prosperous, sovereign Iraq through a new partnership focused on trade and investment,” a UK-Iraq joint statement said after Tuesday’s meeting.”The prime ministers signed a landmark Partnership & Cooperation Agreement (PCA), a wide-ranging treaty on trade and strategic cooperation and agreed a trade package worth up to £12.3 billion,” it added.That is more than 10 times the total value of UK-Iraq bilateral trade last year.It contained UK-led mega infrastructure projects such as removing mines across Iraq left after decades of war and unrest, water and sewerage improvements and desalination in areas such as southern Basra as well as interconnecting the Iraqi and Saudi power grids.A desperate lack of fresh water due to drought and climate change and frequent power blackouts, especially in the summer, have been major sources of discontent among the Iraqi population.- Migration focus -The three-day visit comes amid a complicated situation in the Middle East fuelled by the Gaza war between Israel and Hamas, as well as a fragile ceasefire in Lebanon between Israel and the Lebanese pro-Iranian militant group Hezbollah.Donald Trump’s move back into the White House next week, and expectations he will resume his hardline stance towards Iran, also loom large over the region’s geopolitics.Oil-rich Iraq, which is an ally of Iran as well as a strategic partner for Washington, has for decades practised a delicate balancing act, while also seeking to deepen its ties to wealthy Gulf countries.Sudani — brought to power in 2022 by a coalition of pro-Iran parties — met Iran’s supreme leader Ayatollah Ali Khamenei as recently as last week.Starmer and Sudani also agreed on the principles for the return of Iraqi irregular migrants in the UK and discussed the next practical steps, the joint statement said.Coinciding with Sudani’s visit, Britain’s National Crime Agency announced the arrest of three men suspected of smuggling migrants from the Kurdistan Region of Iraq (KRI) to Britain, in a “ground-breaking” joint operation.Involving the Kurdistan Region Security Council and Kurdistan Region Security Agency, those detained are allegedly linked to a smuggling network run by a UK-based facilitator jailed for 17 years last November. Migration — regular and irregular — is a key issue for Starmer as he faces domestic pressure to curb arrivals.The number of migrants arriving in Britain on small boats after crossing the English Channel soared to over 36,800 in 2024, according to official data.At least 76 deaths were recorded, making it the deadliest year for migrants who are taking ever greater risks to evade Britain’s border controls.- Border security -Both leaders “agreed that the increasingly global nature of organised immigration crime underscores the need to stop people smuggling gangs from putting so many lives at risk”, their statement said.”Strengthening the border security of our nations is a key part of this effort,” it added.The £12.3 billion package also included the reconstruction of the Al-Qayyarah airbase.Sudani likewise met with business leaders including from oil giant BP, which recently announced long-term investment in Iraq.Tuesday’s talks come as Sudani said his country was preparing for the end of the military presence in Iraq of the Global Coalition to Defeat ISIS.The United States maintains about 2,500 troops in Iraq and 900 more in Syria seeking to prevent any resurgence of the Islamic State jihadist group.President Joe Biden’s administration has agreed with Iraq to end the coalition’s role by September 2025, but stopped short of a complete withdrawal of US forces, whose presence has been opposed by Iran-aligned armed groups in Iraq.

Stocks mixed as they track tariffs, inflation and earnings

Stock markets moved in different directions on Tuesday with traders’ attention fixed on President-elect Donald Trump’s tariff plans, earnings updates and inflation data.A report suggesting Trump could impose import tariffs more slowly than initially feared provided support and put a cap on the dollar’s latest surge.However, traders remain concerned that his pledges to cut taxes, …

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Tunisians rally for political prisoners’ release on uprising anniversary

Tunisians protested in the capital on Tuesday, calling for the release of jailed political figures as they marked the 14th anniversary of the uprising that sparked the Arab Spring revolts across the region.The dozens-strong march in Tunis, organised by a political coalition that includes staunch opponents of current President Kais Saied, commemorated the day in 2011 when dictator Zine El Abidine Ben Ali was ousted.Protesters voiced their anger at Saied’s administration, accusing the judiciary of acting on government “orders” and demanding an end to a crackdown on the president’s political opponents.A second, smaller wave of protesters took to the streets in downtown Tunis later in the afternoon.They carried signs reading “Revolution is an idea and ideas never die”, “Down with Kais Saied”, and “Freedom for political prisoners”.Though fewer than in similar gatherings in previous years, the demonstrators on Tuesday were faced with a heavy police presence, according to an AFP journalist.Many carried pictures of detained opposition figures, including former prime minister Ali Larayedh of the Islamist-inspired Ennahdha party, part of the National Salvation Front (FSN) that called the rally.Larayedh, who has denied wrongdoing, is held on charges linked to sending jihadists to Syria.Other prominent detainees include Rached Ghannouchi, the 83-year-old leader of Ennahdha, and Jawhar Ben Mbarek, co-founder of the FSN who faces charges of plotting against state security.Saied, re-elected in October in a vote marked by low turnout, made a sweeping power grab in 2021 which sparked accusation from critics and rights groups of an “authoritarian drift”.He also moved the official commemoration of the 2011 revolution to December 17 — the day in 2010 when street vendor Mohamed Bouazizi self-immolated, sparking the uprising.Many Tunisian activists and protesters still commemorate the revolution on January 14, the day Ben Ali fled Tunisia.Chaima Issa, an opposition figure and FSN member once imprisoned under Saied, said she would allow that day to be forgotten.”January 14 is not an easy date to erase,” she said.Human Rights Watch has said more than 170 people are detained in Tunisia on charges with political motives.Many of Saied’s critics are being prosecuted under a law introduced by presidential decree to punish “spreading false news” with up to 10 years in prison.

Stocks rise tracking tariffs, inflation and earnings

Stock markets mostly rose Tuesday with traders’ attention fixed on President-elect Donald Trump’s tariff plans, earnings updates and upcoming inflation data.A report suggesting Trump could slowly hike import tariffs provided support and put a cap on the dollar’s latest surge.However, traders remain concerned that his pledges to cut taxes, regulations and immigration continue to dampen …

Stocks rise tracking tariffs, inflation and earnings Read More »