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Nippon, US Steel say they have completed partnership deal

Nippon Steel and US Steel announced Wednesday they have completed a long-debated transaction granting the US government a “golden share” — a veto-like power over the Japanese company’s strategic decisions.The agreement modifies a transaction originally announced in December 2023 in which Nippon Steel agreed to acquire US Steel for $14.9 billion. But the outright acquisition of the iconic US company sparked bipartisan political opposition, including from President Donald Trump.Trump, who railed against the proposed deal throughout the 2024 presidential campaign, last month announced a pivot, branding the revamped venture as a “planned partnership.”And the US government will now have a non-economic “golden share” that gives it a say on Nippon’s plans for US infrastructure and jobs.On Wednesday, US Steel filed a notice with US securities regulators to delist its shares on the New York Stock Exchange. The NYSE halted trading, pointing to a “merger effective” order.”The companies have now completed the transaction as contemplated by their merger agreement,” Nippon and US Steel said in a joint press release. “The companies have also entered into a National Security Agreement with the US Government, and US Steel will issue a Golden Share to the US Government.”Nippon Steel has bought all common shares of US Steel, completing the merger, a source close to the matter said Wednesday.Pennsylvania Senator Dave McCormick, a Republican, cheered the deal’s closing, thanking Trump on X and calling the outcome “a massive victory for working families in the Mon Valley, our economy, our national security, and America’s manufacturing future!”But the United Steelworkers (USW) union, which vigorously fought the deal, vowed to “continue watching, holding Nippon to its commitments,” according to a statement.”And we will use the most powerful tool workers have against global corporations: collective bargaining.”- Post-election window of opportunity -Under the December 2023 transaction, Nippon agreed to pay $55 per share for US Steel, an all-cash deal that included a 40 percent premium and pitched the combined company as the “best steelmaker with world-leading capabilities.”While the transaction included a pledge to maintain the name US Steel and the company’s Pittsburgh headquarters, industry watchers expected an exodus of US Steel executives.But after the deal sparked bitter opposition from the USW and a broad range of politicians, including then president Joe Biden and former Ohio senator JD Vance — now Trump’s vice president — Nippon stepped up its lobbying efforts in Washington and Pittsburgh to win support for a transaction that appeared for months to be on life support.In early January, shortly before leaving office, Biden blocked the transaction, saying that placing “one of America’s largest steel producers under foreign control” could “create risk for our national security and our critical supply chains.”But backers of the deal had been hoping the shift in political climate following Trump’s election victory over Biden’s vice president Kamala Harris might revive the deal’s prospect.Besides agreeing to keep US Steel’s Pittsburgh headquarters and to maintaining US production, the revamped deal’s national security agreement calls for a majority of US Steel’s board to be US citizens and for key leaders, including the CEO, to be US citizens.The government’s “golden share” will allow it the right to appoint one independent director and grant it consent rights for proposed capital budget cuts, the redomiciling of activities outside the United States and on acquisitions in the United States.The “golden share” does not entitle the US government to dividends, nor does it require Washington to make investments in the company.Atlantic Council senior fellow Sarah Bauerle Danzman said the deal is not a nationalization of US Steel because the government will not be involved in day-to-day management and “because the United States is not taking equity stakes away from owners.”While the structure gives the government “extraordinary” influence, the mechanism could be difficult to enforce in a downturn if Nippon fails to comply, Danzman said.”How would the US government compel Nippon to increase investments to its promised amount?” wrote Danzman, adding that Washington’s enforcement options “are relatively weak here, especially if Nippon finds itself in a fragile economic position.”

US Supreme Court upholds ban on gender-affirming care for minors

The US Supreme Court on Wednesday upheld a state law banning gender-affirming medical treatments for transgender minors -– an issue at the heart of the American culture wars.The court voted 6-3 to uphold a Tennessee law barring hormone therapy, puberty blockers and gender transition surgery for those under the age of 18.The six conservative justices on the top court rejected a challenge to the law while the three liberals dissented.Two dozen Republican-led states have enacted laws restricting medical care for transgender youth, and the case will have repercussions for the prohibitions across the country.”This case carries with it the weight of fierce scientific and policy debates about the safety, efficacy, and propriety of medical treatments in an evolving field,” wrote Chief Justice John Roberts, author of the majority opinion.”The Court’s role is not ‘to judge the wisdom, fairness, or logic’ (of the law) but only to ensure that the law does not violate equal protection guarantees,” Roberts said. “It does not. Questions regarding the law’s policy are thus appropriately left to the people, their elected representatives, and the democratic process.”The Supreme Court heard the case in December and the Justice Department of then-president Joe Biden joined opponents of the law, arguing that it violated the Constitution’s Equal Protection Clause since it denies transgender minors access to medical treatments permitted to others.Republican President Donald Trump has since taken office and he signed an executive order in January restricting gender transition procedures for people under the age of 19.While there is no US-wide law against gender-affirming medical treatments for transgender youth, the Trump order ended any federal backing for such procedures.Reacting to the ruling, the American Academy of Pediatrics (AAP) said it “sets a dangerous precedent for legislative interference in the practice of medicine.””Gender-affirming care is medically necessary for treating gender dysphoria and is backed by decades of peer-reviewed research, clinical experience, and scientific consensus,” the AAP said.”Denying patients access to this care not only undermines their health and safety, it robs them of basic human dignity.”- ‘Must end’ -The Alliance Defending Freedom, a conservative legal group, welcomed the ruling as a “huge win for children” and a “step toward ending dangerous experiments on kids.”During oral arguments in December, Tennessee Solicitor General Matthew Rice told the court the law was designed to “protect minors from risky, unproven medical interventions” with “often irreversible and life-altering consequences.”Chase Strangio, an American Civil Liberties Union attorney representing three transgender adolescents, their parents, and a Memphis-based doctor, countered that the law has “taken away the only treatment that relieved years of suffering.””What they’ve done is impose a blunderbuss ban, overriding the very careful judgment of parents who love and care for their children and the doctors who have recommended the treatment,” said Strangio, the first openly transgender lawyer to argue before the court.Trump, in his inauguration speech, said his government would henceforth only recognize two genders — male and female — and he issued his executive order a week later restricting gender transition procedures for minors.”Across the country today, medical professionals are maiming and sterilizing a growing number of impressionable children,” the executive order said. “This dangerous trend will be a stain on our Nation’s history, and it must end.”Trump’s order said it would now be US policy that it would “not fund, sponsor, promote, assist, or support the so-called ‘transition’ of a child from one sex to another.”The order bars funding for gender transition under the Medicaid health insurance program for poor families, the Medicare scheme used by retirees, and Defense Department health insurance that covers some two million children.According to a study by UCLA’s Williams Institute, an estimated 1.6 million people aged 13 and older in the United States identify as transgender.

Musk’s X sues to block New York social media transparency law

Elon Musk’s X Corp. has filed a lawsuit challenging a New York state law that requires social media companies to report how they moderate hate speech and disinformation.The complaint, filed in a federal court in Manhattan, seeks to halt the law, which X argues violates the First Amendment by forcing platforms to disclose sensitive information about their content moderation practices.”Today, @X filed a First Amendment lawsuit against a New York law, NY S895B,” X’s Global Government Affairs team posted Tuesday, adding that it had successfully challenged a similar law in California.”X is the only platform fighting for its users by challenging the law, and we are confident we will prevail in this case as well,” the company said. The New York law requires social media companies with over $100 million in annual revenue to submit semiannual reports detailing how they define and moderate hate speech, racism, extremism, disinformation and harassment.Companies face fines of $15,000 per day for violations, which can be sought by the attorney general’s office.X says the law is “an impermissible attempt by the State to inject itself into the content-moderation editorial process” and seeks to pressure platforms into restricting constitutionally protected speech.- ‘Stop Hiding Hate’ -Reporters Without Borders said in a statement that asking X “account for their actions against misinformation is by no means an infringement of freedom of expression, but the bare minimum to clean up the digital space.””Freedom of expression does not come without responsibilities,” it added.The lawsuit comes after X successfully challenged a nearly identical California law last year, according to the filing. New York’s law is “a carbon copy” of the California provisions that were struck down, the filing adds.X claims New York lawmakers refused to discuss changes to the bill after the California ruling, with sponsors saying they declined to meet because of content on X promoted by owner Musk that “threatens the foundations of our democracy.” The company argues this indicated “viewpoint discriminatory motives” behind the law’s passage. Senator Brad Hoylman-Sigal and Assembly member Grace Lee — who introduced the law — said in a statement that their act “does not infringe upon the First Amendment rights of social media companies, nor does it conflict with federal law.” “Instead, the Stop Hiding Hate Act requires narrowly tailored disclosures by social media companies to allow consumers to better decide which social media platforms they utilize,” they added.”The fact that Elon Musk would go to these lengths to avoid disclosing straightforward information to New Yorkers as required by our statute illustrates exactly why we need the Stop Hiding Hate Act.”

US Fed set to hold rates steady as it guards against inflation

The US central bank is expected to hold interest rates steady Wednesday after its key policy meeting, as officials gauge the impact of tariffs on inflation — drawing renewed pressure from President Donald Trump for rate cuts.The Federal Reserve has kept the benchmark lending rate unchanged this year at a range between 4.25 percent and 4.50 percent, and analysts expect policymakers will remain on the sidelines until price increases cool sustainably.But shortly after Fed officials gathered for a second day, Trump stepped up calls for rate reductions, lashing out at Fed Chair Jerome Powell and insisting there was no need to worry about price increases.”We have a stupid person, frankly, at the Fed, he probably won’t cut today,” Trump said in reference to Powell, hours before the Fed was due to release its latest decision.”We have no inflation, we have only success, and I’d like to see interest rates get down,” he added, speaking at the White House. “Maybe I should go to the Fed. Am I allowed to appoint myself?”While Trump has imposed a 10 percent tariff on most US trading partners and steeper levies on imports of steel, aluminum and autos in recent months, these have not triggered a widespread price surge so far.This is partly because Trump has backed off or postponed some of his most punishing salvos, while businesses in turn are relying on existing inventory to avoid hiking consumer costs directly.In May, the consumer price index edged up to 2.4 percent year-on-year from 2.3 percent in April, underscoring the limited effect of levies for now.But economists expect it will take several months for tariffs to flow into consumer prices, and the Fed is proceeding cautiously with interest rate adjustments.”The Fed would no doubt be cutting again by now if not for the uncertainty regarding tariffs and a recent escalation of tensions in the Middle East,” said KPMG senior economist Benjamin Shoesmith.The prospect of higher inflation will probably keep the central bank in “wait-and-see mode for much of this year,” he added. Officials will want to see if price increases are sticky.Policymakers are also trying to keep expectations “anchored,” a state in which consumers expect price increases to remain low and steady.If there are widespread expectations of price hikes, inflation could rise as businesses increase customer costs and workers seek higher wages.The Fed is due to release its latest economic projections on growth, unemployment and inflation on Wednesday too. Analysts will monitor if officials still expect to make two more rate cuts this year as well.- ‘Saber-rattling’ -Trump has repeatedly urged the independent central bank to slash rates, calling Powell “too late” in doing so and “a fool” for holding off further cuts at the bank’s May meeting.The president has pointed to benign US inflation in arguing for cuts.More recently, he cast such a move as a way for the country to “pay much less interest on debt coming due,” overlooking the fact that lower interest rates usually raise consumer prices.Powell has maintained that the Fed’s rate-setting committee would make its decisions based solely on objective and non-political analysis, the Fed previously said.The Fed chair has also defended US central bank independence over rates in his recent meeting with Trump.Despite Trump’s pressure, Allianz Trade North America senior economist Dan North expects Powell will not be too shaken by “saber-rattling.””Consumers are still spending, labor markets still creating jobs, although it is in fact slowing a little bit,” North told AFP.”Certainly, the health of the economy doesn’t beg for the Fed to cut rates,” he added. “So we think they’re on hold till the end of the year.”

Khamenei vows Iran will never surrender

Iran’s supreme leader Ayatollah Ali Khamenei said Wednesday the nation would never surrender and warned the United States of “irreparable damage” if it intervenes, while Israel said it had destroyed the internal security headquarters in Tehran.Khamenei’s speech came six days into the conflict, with Trump saying he may or may not intervene in the conflict, while demanding Iran’s “unconditional surrender”.The long-range blitz began Friday, when Israel launched a massive bombing campaign that prompted Iran to respond with missiles and drones.”This nation will never surrender,” Khamenei said in a speech, in which he called Trump’s ultimatum “unacceptable”.”America should know that any military intervention will undoubtedly result in irreparable damage,” he said.Khamenei, in power since 1989 and the final arbiter of all matters of state in Iran, had earlier vowed the country would show “no mercy” towards Israel’s leaders.Israel’s Defence Minister Israel Katz said air force jets had destroyed Iran’s internal security headquarters after the army announced it was striking military targets in Tehran.”Air Force jets have just destroyed the internal security headquarters of the Iranian regime — the main arm of repression of the Iranian dictator,” Katz said in a statement, vowing to “strike symbols of governance and hit the Ayatollah regime wherever it may be”.- Centrifuges hit -Earlier, Israeli attacks destroyed two buildings making centrifuge components for Iran’s nuclear programme near Tehran, according to the UN nuclear watchdog.”More than 50 Israeli Air Force fighter jets… carried out a series of air strikes in the Tehran area over the past few hours,” the Israeli military said, adding that several weapons manufacturing facilities and a centrifuge production site were hit. Centrifuges are vital for uranium enrichment, the sensitive process that can produce fuel for reactors or, in highly extended form, the core of a nuclear warhead.The strikes destroyed two buildings making centrifuge components for Iran’s nuclear programme in Karaj, a satellite city of Tehran, the International Atomic Energy Agency said.In another strike on a site in Tehran, “one building was hit where advanced centrifuge rotors were manufactured and tested”, the agency added in a post on X.Iran’s Revolutionary Guards said they had launched hypersonic Fattah-1 missiles at Tel Aviv.Hypersonic missiles travel at more than five times the speed of sound and can manoeuvre mid-flight, making them harder to track and intercept.No missile struck Tel Aviv overnight, though AFP photos showed Israel’s air defence systems activated to intercept missiles over the commercial hub.- ‘Unconditional surrender’ -Trump has fuelled speculation about US intervention, telling reporters on Tuesday: “I may do it, I may not do it. I mean, nobody knows what I’m going to do.”A day earlier, he boasted that the United States could assassinate Khamenei.”We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at least not for now,” Trump wrote on his Truth Social platform.US officials have stressed Trump has not yet made a decision about any intervention.Israel’s attacks have hit nuclear and military facilities around Iran, as well as residential areas.Finding fuel has become a problem in Iran, with long queues of cars waiting hours in front of petrol stations, a 40-year-old Iranian driver told AFP at the Iraqi border crossing of Bashmakh.”There are shortages of rice, bread, sugar and tea,” said Fatah, who spoke to AFP using a pseudonym.”People are shocked and distraught, they don’t know what they should do,” car dealer Shwan said via a messaging app.- Evacuations -Residential areas in Israel have also been hit, and foreign governments have scrambled to evacuate their citizens from both countries.Some Israelis stranded abroad since last week decided to return home, however.”I decided to come back because the family is here, and I belong here, and unfortunately we get used to these fights and war, but we prefer to be here, to support as much as we can,” said Yaakov Bogen, a 66-year-old hotelier.Since Friday, at least 24 people have been killed in Israel and hundreds wounded, Netanyahu’s office said on Monday.Iran said on Sunday that Israeli strikes had killed at least 224 people, including military commanders, nuclear scientists and civilians. It has not issued an updated toll since then.Israel said its surprise air campaign was aimed at preventing Iran from acquiring nuclear weapons — an ambition Tehran denies.Israel has maintained ambiguity regarding its own atomic activities, but the Stockholm International Peace Research Institute (SIPRI) says it has 90 nuclear warheads.The conflict derailed a running series of nuclear talks between Tehran and Washington, with Iran saying after the start of Israel’s campaign that it would not negotiate with the United States while under attack.burs/ser/jsa

Khamenei says Iran will ‘never surrender’, warns off US

Iran’s supreme leader Ayatollah Ali Khamenei said Wednesday the nation would never surrender as demanded by President Donald Trump and warned the United States it would face “irreparable damage” if it intervenes in support of its ally.The speech came six days into the conflict, with Trump demanding Iran’s “unconditional surrender” while boasting the United States could kill Khamenei and fuelling speculation about a possible intervention.The long-range blitz began Friday, when Israel launched a massive bombing campaign that prompted Iran to respond with missiles and drones.”This nation will never surrender,” Khamenei said in a speech read on state television, in which he called Trump’s ultimatum “unacceptable”.”America should know that any military intervention will undoubtedly result in irreparable damage,” he said.Khamenei, in power since 1989 and the final arbiter of all matters of state in Iran, had earlier vowed the country would show “no mercy” towards Israel’s leaders.The speech followed a night of strikes, with Israeli attacks destroying two buildings making centrifuge components for Iran’s nuclear programme near Tehran, according to the UN nuclear watchdog. “More than 50 Israeli Air Force fighter jets… carried out a series of air strikes in the Tehran area over the past few hours,” the Israeli military said, adding that several weapons manufacturing facilities were hit. “As part of the broad effort to disrupt Iran’s nuclear weapons development programme, a centrifuge production facility in Tehran was targeted.”Centrifuges are vital for uranium enrichment, the sensitive process that can produce fuel for reactors or, in highly extended form, the core of a nuclear warhead.The strikes destroyed two buildings making centrifuge components for Iran’s nuclear programme in Karaj, a satellite city of Tehran, the International Atomic Energy Agency said.In another strike on a site in Tehran, “one building was hit where advanced centrifuge rotors were manufactured and tested”, the agency added in a post on X.Iran’s Revolutionary Guards said they had launched hypersonic Fattah-1 missiles at Tel Aviv.Hypersonic missiles travel at more than five times the speed of sound and can manoeuvre mid-flight, making them harder to track and intercept.No missile struck Tel Aviv overnight, though AFP photos showed Israel’s air defence systems activated to intercept missiles over the commercial hub.Iran also sent a “swarm of drones” towards Israel, while the Israeli military said it had intercepted a total of 10 drones launched from Iran.It said one of its own drones had been shot down over Iran.- ‘Unconditional surrender’ -Trump fuelled speculation about US intervention when he made a hasty exit from the G7 summit in Canada, where the leaders of the club of wealthy democracies called for de-escalation but backed Israel’s “right to defend itself”.He boasted that the United States could easily assassinate Khamenei.”We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at least not for now,” Trump wrote on his Truth Social platform.Trump met with his National Security Council to discuss the conflict. There was no immediate public statement after the hour and 20 minute meeting.US officials stressed Trump has not yet made a decision about any intervention.- Evacuations -Israel’s attacks have hit nuclear and military facilities around Iran, as well as residential areas.Residential areas in Israel have also been hit, and foreign governments have scrambled to evacuate their citizens from both countries.Many Israelis spent another night disrupted by air raid warnings, with residents of coastal hub Tel Aviv repeatedly heading for shelters when sirens rang out warning of incoming Iranian missiles.In the West Bank city of Ramallah, perched at 800 metres (2,600 feet) above sea level and with a view over Tel Aviv, some residents gathered on rooftops and balconies to watch.An AFP journalist reported cheers and whistles as dozens of missiles flew overhead, with Israeli air defences activating to intercept them, causing mid-air explosions which lit up the sky.Since Friday, at least 24 people have been killed in Israel and hundreds wounded, according to Netanyahu’s office.Iran said on Sunday that Israeli strikes had killed at least 224 people, including military commanders, nuclear scientists and civilians. It has not issued an updated toll since then.On Tuesday in Tehran, long queues stretched outside bakeries and petrol stations as people rushed to stock up on fuel and basic supplies.Iran’s ISNA and Tasnim news agencies on Wednesday reported that five suspected agents of Israel’s Mossad intelligence agency had been detained, on charges of tarnishing the country’s image online.- Nuclear facilities -After a prolonged shadow war, Israel said its surprise air campaign was aimed at preventing Iran from acquiring nuclear weapons — an ambition Tehran denies.The UN nuclear watchdog said there appeared to have been “direct impacts on the underground enrichment halls” at Iran’s Natanz facility.Israel has maintained ambiguity regarding its own atomic activities, but the Stockholm International Peace Research Institute (SIPRI) says it has 90 nuclear warheads.The conflict derailed a running series of nuclear talks between Tehran and Washington, with Iran saying after the start of Israel’s campaign that it would not negotiate with the United States while under attack.burs/ser/kir

UN says two Iran nuclear sites destroyed in Israel strikes

The UN nuclear watchdog said Israeli strikes on Wednesday destroyed two buildings making centrifuge components for Iran’s nuclear programme near Tehran, while Iran said it fired hypersonic missiles as the arch foes traded fire for a sixth day.Hours after US President Donald Trump demanded Iran’s surrender, supreme leader Ayatollah Ali Khamenei vowed his country would show “no mercy” towards Israel’s leadership.Khamenei, in power since 1989 and the final arbiter of all matters of state in Iran, was to deliver a televised speech Wednesday.Trump insists the United States has played no part in ally Israel’s bombing campaign, but also warned his patience was wearing thin.The long-range blitz began Friday, when Israel launched a massive bombing campaign that prompted Iran to respond with missiles and drones.After the Israeli military issued a warning for civilians to leave one district of Tehran for their safety, Israeli warplanes hit the capital early Wednesday.”More than 50 Israeli Air Force fighter jets… carried out a series of air strikes in the Tehran area over the past few hours,” the Israeli military said, adding that several weapons manufacturing facilities were hit. “As part of the broad effort to disrupt Iran’s nuclear weapons development programme, a centrifuge production facility in Tehran was targeted.”Centrifuges are vital for uranium enrichment, the sensitive process that can produce fuel for reactors or, in highly extended form, the core of a nuclear warhead.The strikes destroyed two buildings making centrifuge components for Iran’s nuclear programme in Karaj, a satellite city of Tehran, the International Atomic Energy Agency said Wednesday.In another strike on a site in Tehran, “one building was hit where advanced centrifuge rotors were manufactured and tested”, the agency added in a post on X.Iran’s Revolutionary Guards said they had launched hypersonic Fattah-1 missiles at Tel Aviv.Hypersonic missiles travel at more than five times the speed of sound and can manoeuvre mid-flight, making them harder to track and intercept.No missile struck Tel Aviv overnight, despite Iran’s claims that its attacks were “repeatedly shaking the shelters”, though AFP photos showed Israel’s air defence systems activated to intercept missiles over the commercial hub.Iran also sent a “swarm of drones” towards Israel, while the Israeli military said it had intercepted a total of 10 drones launched from Iran.It said one of its own drones had been shot down over Iran.- ‘Unconditional surrender’ -Trump fuelled speculation about US intervention when he made a hasty exit from the G7 summit in Canada, where the leaders of the club of wealthy democracies called for de-escalation but backed Israel’s “right to defend itself”.Back in Washington on Tuesday, Trump demanded the Islamic republic’s “unconditional surrender”.He also boasted that the United States could easily assassinate Iran’s supreme leader Ayatollah Ali Khamenei.”We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at least not for now,” Trump wrote on his Truth Social platform.Trump met with his National Security Council to discuss the conflict. There was no immediate public statement after the hour and 20 minute meeting.US officials stressed Trump has not yet made a decision about any intervention.Hours later, Khamenei responded with a post on X, saying: “We must give a strong response to the terrorist Zionist regime. We will show the Zionists no mercy.”- Evacuations -Israel’s attacks have hit nuclear and military facilities around Iran, as well as residential areas.Residential areas in Israel have also been hit, and foreign governments have scrambled to evacuate their citizens from both countries.Since Friday, at least 24 people have been killed in Israel and hundreds wounded, according to Netanyahu’s office.Iran said on Sunday that Israeli strikes had killed at least 224 people, including military commanders, nuclear scientists and civilians. It has not issued an updated toll since then.More than 700 foreigners living in Iran have crossed into neighbouring Azerbaijan and Armenia since Israel launched its campaign, according to government figures.On Tuesday in Tehran, long queues stretched outside bakeries and petrol stations as people rushed to stock up on fuel and basic supplies.Iran’s ISNA and Tasnim news agencies on Wednesday reported that five suspected agents of Israel’s Mossad intelligence agency had been detained, on charges of tarnishing the country’s image online.With air raid sirens regularly blaring in Tel Aviv, some people relocated to an underground parking lot below a shopping mall.”We’ve decided to permanently set camp here until it’s all clear, I guess,” Mali Papirany, 30, told AFP.- Nuclear facilities -After a prolonged shadow war, Israel said its surprise air campaign was aimed at preventing Iran from acquiring nuclear weapons — an ambition Tehran denies.The UN nuclear watchdog said there appeared to have been “direct impacts on the underground enrichment halls” at Iran’s Natanz facility.Israel has maintained ambiguity regarding its own atomic activities, but the Stockholm International Peace Research Institute (SIPRI) says it has 90 nuclear warheads.The conflict derailed a running series of nuclear talks between Tehran and Washington, with Iran saying after the start of Israel’s campaign that it would not negotiate with the United States while under attack.French President Emmanuel Macron said Trump had a critical role to play in restarting diplomacy with Iran, where any attempts at “regime change” would bring “chaos”.burs/ser/kir

Iran says hypersonic missiles fired at Israel as Trump demands ‘unconditional surrender’

Iran said early Wednesday it fired hypersonic missiles at Israel in the latest round of overnight strikes between the archfoes, hours after Donald Trump demanded the Islamic republic’s “unconditional surrender”.The US president insists Washington has played no part in ally Israel’s bombing campaign, but also warned Iran his patience is wearing thin as the conflict enters a sixth day.Israeli warplanes targeted the Iranian capital before dawn Wednesday after the military issued a warning for civilians to leave one district for their safety. The Israeli military later said it struck weapons manufacturing sites and a facility used to make centrifuges in Tehran. Iran told residents of Tel Aviv to prepare for an attack, with the Islamic Revolutionary Guard Corps claiming its hypersonic Fattah-1 missiles were “repeatedly shaking the shelters” in the commercial hub. “The 11th wave of the proud Operation Honest Promise 3 using Fattah-1 missiles” was carried out, the Guards said in a statement broadcast on state television.Hypersonic missiles travel at more than five times the speed of sound and can manoeuvre mid-flight, making them harder to track and intercept.Iran also sent a “swarm of drones” towards Israel, where the army said it intercepted two over the Dead Sea area.World powers have scrambled for an offramp, hoping to prevent the conflict from spiralling into a region-engulfing war. In separate phone calls with his Iranian counterpart and US envoy Steve Witkoff on Tuesday night, Egyptian Foreign Minister Badr Abdelatty urged a diplomatic solution. Trump fuelled speculation about American intervention when he made a hasty exit from the G7 summit in Canada, where the leaders of the club of wealthy democracies jointly called for a ceasefire.Back in Washington on Tuesday, Trump demanded the Islamic republic’s “unconditional surrender”.He also boasted that the United States could easily assassinate Iran’s supreme leader.”We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at least not for now,” Trump wrote on his Truth Social platform.He met with his National Security Council to discuss the conflict, ending after an hour and 20 minutes with no immediate public statement.While he has repeatedly vowed to avoid wading into the “forever wars” of the Middle East, Trump ordered the USS Nimitz aircraft carrier to the region along with a number of US military aircraft.US officials stressed he has not yet made a decision about any intervention. – Evacuations -Despite international alarm, neither side has backed off from the long-range blitz that began Friday, when Israel launched an unprecedented bombing campaign targeting Iranian nuclear and military facilities.Israel claims its attacks have killed senior Iranian commander Ali Shadmani as well as his predecessor, Gholam Ali Rashid.Residential areas in both countries have suffered deadly strikes since the fighting broke out, and foreign governments have scrambled to evacuate their citizens.More than 700 foreigners living in Iran have crossed into neighbouring Azerbaijan and Armenia since Israel launched its campaign, according to government figures.Among those evacuated were citizens of Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, along with others from Germany, Spain, Italy, Serbia, Romania, Portugal, the United States, the United Arab Emirates, China and Vietnam, a government source told AFP.The United States said it was closing its embassy in Jerusalem until Friday amid the growing conflict, but there was no announcement about helping Americans leave the “crisis area”.Fearing violence, many residents of Tehran have fled.On Tuesday, long queues stretched outside bakeries and petrol stations as people rushed to stock up on fuel and basic supplies.A cyberattack on Tuesday crippled Sepah Bank, one of Iran’s main state-owned banks, the Fars news agency reported.With air raid sirens regularly screaming over Tel Aviv, some people relocated to an underground parking lot below a shopping mall.”We’ve decided to permanently set camp here until it’s all clear, I guess,” Mali Papirany, 30, told AFP.- Nuclear facilities -After decades of enmity and a prolonged shadow war, Israel said its surprise air campaign was aimed at preventing Iran from acquiring nuclear weapons — an ambition Tehran denies.Iranian media reported several explosions Tuesday in the central city of Isfahan, home to nuclear facilities.The UN’s nuclear watchdog said there appeared to have been “direct impacts on the underground enrichment halls” at Iran’s Natanz facility.Israel has maintained ambiguity regarding its own atomic activities, but the Stockholm International Peace Research Institute (SIPRI) says it has 90 nuclear warheads.The conflict derailed a running series of nuclear talks between Tehran and Washington, with Iran saying after the start of Israel’s campaign that it would not negotiate with the United States while under attack.French President Emmanuel Macron said Trump had a critical role to play in restarting diplomacy with Iran, where attempts at regime change would bring “chaos”.China accused Trump of “pouring oil” on the conflict, while Turkish President Recep Tayyip Erdogan accused Israeli leader Benjamin Netanyahu of being “the biggest threat to the security of the region”.Since Friday, at least 24 people have been killed in Israel and hundreds wounded, according to Netanyahu’s office.Iran said on Sunday that Israeli strikes had killed at least 224 people, including military commanders, nuclear scientists and civilians. It has not issued an updated toll since then.burs-lb/tym

G7 summit minus Trump rallies behind Ukraine

Group of Seven leaders on Tuesday vowed greater support for Ukraine but stopped short of joint condemnation of Russia for its growing attacks, at a summit missing Donald Trump.The US president had been due to speak at the G7 summit with his Ukrainian counterpart Volodymyr Zelensky, with whom he has had a volatile relationship, but flew back Monday over the Israel-Iran conflict.Zelensky met the remaining leaders at a remote lodge in the Canadian Rockies hours after Russia hit Kyiv with one of the worst bombardments since it invaded in February 2022, killing at least 10 people in the capital.Canadian Prime Minister Mark Carney welcomed Zelensky and announced Can$2 billion ($1.47bn) of military support, including drones and helicopters, for Ukraine.But the G7 summit stopped short of issuing a joint statement, unlike in past years under Trump’s predecessor Joe Biden when the club of major industrial democracies denounced Russian “aggression.”A Canadian official, backtracking on an earlier account of the United States trying to water down a proposed statement, said there was never an attempt to issue one due to Trump’s continued hopes of mediating with Russian President Vladimir Putin.”It was clear that it would not have been feasible to find detailed language that all G7 partners could agree to in that context,” the official said on condition of anonymity.Carney dismissed suggestions of friction, saying that all G7 leaders agreed to be “resolute in exploring all options to maximize pressure on Russia, including financial sanctions.”But he admitted that some G7 leaders “would say above and beyond” what was in the chair’s summary he issued instead of a formal statement signed by all leaders.G7 leaders, however, managed unity Monday on a joint statement on the Iran conflict that backed Israel but also called broadly for de-escalation, despite Trump contemplating greater US military involvement.- US waits on pressure -Carney earlier joined Britain in tightening sanctions on Russia’s so-called shadow fleet of ships used to circumvent international sanctions on its oil sales.”These sanctions strike right at the heart of Putin’s war machine, choking off his ability to continue his barbaric war in Ukraine,” Prime Minister Keir Starmer said in a statement.US lawmakers have drafted a package of new sanctions on Russia but Trump has been hesitant to give his support and isolate Putin, to whom he spoke by telephone on the eve of the G7 summit.Trump infamously berated Zelensky in the Oval Office on February 28, saying he was ungrateful for US aid, but has since voiced disappointment that Putin has rebuffed a US proposal for at least a temporary ceasefire.Zelensky told Carney the latest Russian attack showed the need for allies’ support and pressure on Moscow — while making clear that he still backed Trump-led calls for negotiations.”It’s important for our soldiers to be strong in the battlefield, to stay strong until Russia will be ready for the peace negotiations,” said Zelensky, who cut short meetings in Canada scheduled after the summit.French President Emmanuel Macron accused his Russian counterpart of exploiting global focus on the Middle East to carry out the deadly attack.”It shows the complete cynicism of President Putin,” Macron told reporters at the summit.In Washington, the State Department also condemned the Russian strikes and offered condolences to the victims’ families.- Tough trade talks -The G7 — Britain, Canada, France, Germany, Italy, Japan and the United States — was holding its first summit since the re-election of Trump, who openly questions longstanding US alliances.Treasury Secretary Scott Bessent remained to represent the United States at the summit, where discussions have also concentrated on Trump’s attempts to radically overhaul the world’s trading system.Trump has vowed to slap sweeping tariffs on friends and foes alike on July 9, although he has postponed them once.The US president, speaking to reporters on his way back from the summit, complained that the European Union was not yet offering a “fair deal” on trade.”We’re either going to make a good deal or they’ll just pay whatever we say they will pay,” he said.European Commission President Ursula von der Leyen said she still hoped for a negotiated solution and talks were “intense and demanding.”Trump’s negotiators have already sealed a deal with Britain and, outside of the G7, reached an agreement to lower tariffs with rival China.

G7 minus Trump rallies behind Ukraine as US blocks statement

Group of Seven leaders minus President Donald Trump on Tuesday vowed greater support for Ukraine, as the United States blocked a joint call to pressure Russia, which is ramping up attacks on its neighbor.The US president had been due to meet at the G7 summit with his Ukrainian counterpart Volodymyr Zelensky, with whom he has had a volatile relationship, but flew back Monday over the Israel-Iran conflict.Zelensky met the remaining leaders at a remote lodge in the Canadian Rockies hours after Russia hit Kyiv with one of the worst bombardments since it invaded in February 2022, killing at least 10 people in the capital.Canadian Prime Minister Mark Carney welcomed Zelensky and announced Can$2 billion ($1.47bn) of military support, including drones and helicopters, for Ukraine.But the Group of Seven summit was unable to issue a joint statement on Ukraine as “the Americans wanted to water it down,” a Canadian official said on condition of anonymity.The United States objected to some language, saying it wanted to preserve its role as a mediator with President Vladimir Putin, the official said.Carney dismissed suggestions of friction, saying that all G7 leaders agreed to be “resolute in exploring all options to maximize pressure on Russia, including financial sanctions.”But he admitted that some G7 leaders “would say above and beyond” what was in the chair’s summary that he issued to wrap up the talks in place of a formal statement signed by all leaders.G7 leaders, however, managed unity Monday on a joint statement on the Iran conflict that backed Israel but also called broadly for de-escalation, despite Trump contemplating greater US military involvement.- US waits on pressure -Carney earlier joined Britain in tightening sanctions on Russia’s so-called shadow fleet of ships used to circumvent international sanctions on its oil sales.”These sanctions strike right at the heart of Putin’s war machine, choking off his ability to continue his barbaric war in Ukraine,” Prime Minister Keir Starmer said in a statement.US lawmakers have drafted a package of new sanctions on Russia but Trump has been hesitant to give his support and isolate Putin, to whom he spoke by telephone on the eve of the G7 summit.Trump infamously berated Zelensky in the Oval Office on February 28, saying he was ungrateful for US aid, but has since voiced disappointment that Putin has rebuffed a US proposal for at least a temporary ceasefire.Zelensky, his voice choked with emotion, told Carney the latest Russian attack was a “big tragedy” and showed the need for allies’ support — while making clear that he still backed Trump-led calls for negotiations.”It’s important for our soldiers to be strong in the battlefield, to stay strong until Russia will be ready for the peace negotiations,” Zelensky said.”We are ready for the peace negotiation — unconditional ceasefire. For this we need pressure.”French President Emmanuel Macron accused his Russian counterpart of exploiting global focus on the Middle East to carry out the deadly attack.”It shows the complete cynicism of President Putin,” Macron told reporters at the summit.In Washington, the State Department also condemned the Russian strikes and offered condolences to the victims’ families.- Tough trade talks -The G7 — Britain, Canada, France, Germany, Italy, Japan and the United States — was holding its first summit since the re-election of Trump, who openly questions longstanding US alliances.Treasury Secretary Scott Bessent remained to represent the United States at the summit, where discussions have also concentrated on Trump’s attempts to radically overhaul the world’s trading system.Trump has vowed to slap sweeping tariffs on friends and foes alike on July 9, although he has postponed them once.The US president, speaking to reporters on his way back from the summit, complained that the European Union was not yet offering a “fair deal” on trade.”We’re either going to make a good deal or they’ll just pay whatever we say they will pay,” he said.European Commission President Ursula von der Leyen said she still hoped for a negotiated solution and talks were “intense and demanding.”Trump’s negotiators have already sealed a deal with Britain and, outside of the G7, reached an agreement to lower tariffs with rival China.