NEW YORK: Climate change dominated the opening stages of the Bloomberg Global Business Forum in New York on Wednesday, as many of the 250 business and political leaders assembled for the event criticized the Trump administration’s stance on the issue.
Michael Bloomberg, the media entrepreneur and former three-time mayor of the city, announced a partnership with the World Bank and the UN to fund urban infrastructure development to take account of accelerating climate change, especially in emerging markets where cities often struggle to get access to funding.
He said: “Cities account for 70 percent of carbon emissions in the world, so they are part of the problem, but they are also big financial centers, so they are part of the solution too. New York has reduced carbon emissions by 20 percent in seven years, and it would have been faster if the city had more access to funding.
“In the developing world, it is even more the case that cities need access to greater funding to fight climate change, but they do not have the credit profile to get that.”
On the main issue of climate change, Bloomberg said that there had been “pushback” from the current White House. “I cannot speak for the current administration, but it’s new and is realizing that these problems are complex, so it gets laughed at. But Trump has done climate change people a great favor because he has galvanized them.”
The City Climate Finance plan is a partnership between Bloomberg Philanthropies, his charitable operation, the World Bank and the UN. It hopes to have definitive plans for climate change investment later this year, the president Jim Kim said.
Other leaders addressed themes including globalization, immigration and inclusion, all of which have been hot topics under the Trump administration.
Former President Bill Clinton said: “We are all well aware that a lot of people feel left out, left behind, alienated politically, socially and economically.”
Tim Cook, chief executive of Apple, said that recent moves to change immigration status for the children of illegal immigrants — the so-called “dreamers” — were wrong. “I am personally shocked there was even a discussion,” he said. “This debate goes to the basis of American values. I wish everyone loved America as much as the ‘dreamers.’”
Bloomberg agreed: “They may be here illegally but they have committed no crime. We need this new blood coming into our country.”
Other business leaders spoke of the need to address the problems of “big data” and digital change in the global economy.
Jack Ma, founder and chief executive of Chinese online retailer Ali Baba, said that the digital age should be regarded as an opportunity, not a threat.
“People are worried about big data, but people in history were worried about steam and electricity. But all three have led to an increase in employment.”
Christine Lagarde, managing director of the International Monetary Fund, also defended globalization in trade and business.
Justin Trudeau, prime minister of Canada, who is due to sign a trade agreement with the EU, agreed with her that the world needed more such free trade agreements. “We have to … eliminate barriers, but also ensure jobs, gender equality and growth,” he said.
Other speakers pointed to the imbalances in the global financial system.
Arif Naqvi, founder and chief executive officer of Dubai-based private equity group Abraaj, said: “The plumbing of the world financial system is broken. There is $9 trillion of investment value sitting in non-interest bearing assets. There are lots of other investment opportunities being missed in the fast growth markets.”
Larry Fink, chief executive officer of investment group Blackrock, warned against the rise of protectionism and exclusion in the world. “More than 50 per cent of family assets round the world are managed by women. We need more women on our boards.”
Climate change tops the agenda at Bloomberg Business Forum
Climate change tops the agenda at Bloomberg Business Forum
German Chancellor Scholz to ask parliament to clear way for new elections
- Lost confidence vote opens path to snap elections
- Scholz hopes to be acting chancellor until new government formed
The departure last month of the neoliberal Free Democrats from the three-way coalition left Scholz’s Social Democrats and the Greens governing without a parliamentary majority just when Germany faces its deepest economic crisis in a generation.
Rules drawn up to prevent the series of short-lived and unstable governments that played an important role in helping the Nazis rise to power in the 1930s mean that the path to new elections is long and largely controlled by the chancellor.
“If legislators follow the path I am recommending, I will suggest to the President that he dissolve parliament,” Scholz told reporters on Wednesday after requesting the motion.
President Frank-Walter Steinmeier has said he will act accordingly after Monday’s vote and agreed with parliamentary parties on Feb. 23 as the date for early elections.
Assuming the no-confidence vote passes, Scholz and his ministers will remain in office in an acting capacity until a new government is formed, which could take months if coalition negotiations prove lengthy.
Scholz has outlined a list of measures that could pass with opposition support during that period, including 11 billion euros ($11.55 billion) of tax cuts and an increase in child benefits already agreed on by former coalition partners.
Measures to better protect the Constitutional Court from the machinations of a future populist or anti-democratic government, to cut energy prices and to extend a popular subsidised transport ticket are also under discussion.
The outcome of the vote is not certain, with Scholz’s SPD likely to vote that they have confidence in their Chancellor, while opposition conservatives, far ahead in the polls, and the Free Democrats expected not to.
The far-right Alternative for Germany, with whom all other parties refuse to work, could surprise legislators by voting that they do have confidence in Scholz.
If both the SPD and the Greens also back Scholz, that would leave him in the awkward position of remaining in office with the support of a party that he rejects as anti-democratic. In that case, most observers expect he would resign, which itself would trigger elections.
To avoid that scenario, many legislators expect the Greens to abstain from the vote.
UN launches fresh attempt to resolve Libya’s election impasse
- The new committee of Libyan experts will look for ways to overcome outstanding issues in electoral laws, the UN mission’s (UNSMIL) acting head, Stephanie Koury says
The United Nations will convene a technical committee of Libyan experts in an attempt to resolve contentious issues and put the country on the path to long-awaited national elections, the acting head of the UN mission in Libya (UNSMIL) said on Sunday.
A political process to resolve more than a decade of conflict in Libya has been stalled since an election scheduled for December 2021 collapsed amid disputes over the eligibility of the main candidates.
The new committee of Libyan experts will look for ways to overcome outstanding issues in electoral laws, the UN mission’s (UNSMIL) acting head, Stephanie Koury, said in a video statement.
They will also look for options to “reach elections in the shortest possible time including with proposed guarantees, assurances and a timeframe,” she added.
A Government of National Unity (GNU) under Prime Minister Abdulhamid Al-Dbeibah was installed through a UN-backed process in 2021 but the parliament no longer recognizes its legitimacy. Dbeibah has vowed not to cede power to a new government without national elections.
Libya has had little peace since a 2011 NATO-backed uprising, and it split in 2014 between eastern and western factions, with rival administrations governing in each area.
While all major political players in the country have repeatedly called for elections, many Libyans have voiced skepticism that they genuinely seek a vote that could push most of them from positions of authority.
“UNSMIL will also continue to work to help advance the unification of military and security institutions and, with partners, advancing national reconciliation,” Koury said.
Moscow says ‘part’ of its diplomatic personnel in Syria evacuated by plane
- His fall from power was a serious setback for Moscow, which was along with Iran the main ally of the former Syrian president and which had intervened militarily in Syria since 2015
MOSCOW: Russia’s foreign ministry said it has evacuated some of its diplomatic staff from Syria Sunday, a week after the fall of Bashar Assad.
“On December 15, the withdrawal of part of the personnel of the Russian (diplomatic) representation in Damascus was carried out by a special flight of the Russian Air Force from the Hmeimim air base” in Syria, the ministry’s crisis situations department said on Telegram.
The ministry said the flight arrived at an airport near Moscow, without specifying how many people were aboard.
The flight also carried members from the diplomatic missions of Belarus, North Korea and Abkhazia, a Moscow-backed separatist region of Georgia, the department said.
“The Russian embassy in Damascus continues to function,” said the press release published on Telegram.
Following an 11-day offensive, a rebel coalition dominated by Islamist group Hayat Tahrir Al-Sham (HTS) overthrew Assad, who fled to Russia along with his family.
His fall from power was a serious setback for Moscow, which was along with Iran the main ally of the former Syrian president and which had intervened militarily in Syria since 2015.
The fate of Russia’s two military bases in Syria — the Tartus naval base and the Hmeimim military airfield — is now uncertain.
The sites are key to Russia maintaining its influence in the Middle East, in the Mediterranean basin and as far as Africa.
On Wednesday, a Kremlin spokesperson said Moscow was in contact with the new authorities in Syria regarding the bases’ future.
Britain has had ‘diplomatic contact’ with Syria’s HTS group
- “HTS remains a proscribed organization, but we can have diplomatic contact and so we do have diplomatic contact as you would expect,” Lammy said
LONDON: Britain has had diplomatic contact with the Hayat Tahrir Al-Sham (HTS) group that swept Syrian President Bashar Assad from power last week, British foreign minister David Lammy said on Sunday.
“HTS remains a proscribed organization, but we can have diplomatic contact and so we do have diplomatic contact as you would expect,” Lammy told broadcasters.
“Using all the channels that we have available, and those are diplomatic and, of course, intelligence-led channels, we seek to deal with HTS where we have to.”
On Saturday, US Secretary of State Antony Blinken said the United States has had direct contact with HTS.
Israel will close its Ireland embassy over Gaza tensions as Palestinian death toll nears 45,000
- Israeli forces continued Sunday to pound Gaza, including the largely isolated north, as the Palestinian death toll in the war approached 45,000
- Irish Prime Minister Simon Harris said the decision was deeply regrettable
DEIR AL-BALAH, Gaza Strip: Israel said Sunday it will close its embassy in Ireland as relations deteriorated over the war in Gaza, where Palestinian medical officials said new Israeli airstrikes killed over 46 people including several children.
The decision to close the embassy came in response to what Israel’s foreign minister has described as Ireland’s “extreme anti-Israel policies.” In May, Israel recalled its ambassador to Dublin after Ireland announced, along with Norway, Spain and Slovenia, it would recognize a Palestinian state.
The Irish Cabinet last week decided to formally intervene in South Africa’s case against Israel at the International Court of Justice, which accuses Israel of committing genocide in Gaza. Israel denies it.
“We are concerned that a very narrow interpretation of what constitutes genocide leads to a culture of impunity in which the protection of civilians is minimized,” said Ireland’s foreign affairs minister, Micheal Martin.
Israeli Foreign Minister Gideon Saar’s statement on the embassy closure said “Ireland has crossed every red line in its relations with Israel.”
Irish Prime Minister Simon Harris called the decision to close the embassy “deeply regrettable.” He added on X: “I utterly reject the assertion that Ireland is anti-Israel. Ireland is pro-peace, pro-human rights and pro-international law.”
Israeli strikes in Gaza kill a journalist and children
Israeli forces continued Sunday to pound Gaza, including the largely isolated north, as the Palestinian death toll in the war approached 45,000.
A large explosion lit up the southern Gaza skyline on Sunday night. An Israeli airstrike hit a school and killed at least 16 people in the southern city of Khan Younis, according to Nasser Hospital, where the bodies were taken. There was no immediate Israeli military statement.
In the north, an airstrike hit the Khalil Aweida school in the town of Beit Hanoun and killed at least 15 people, according to nearby Kamal Adwan Hospital where casualties were taken. The dead included two parents and their daughter and a father and his son, the hospital said.
And in Gaza City, at least 17 people including six women and five children were killed in three airstrikes that hit houses sheltering displaced people, according to Al-Ahli Baptist Hospital.
“We woke up to the strike. I woke up with the rubble on top of me,” said a bandaged Yahia Al-Yazji, who grieved for his wife and daughter. “I found my wife with her head and skull visible, and my daughter’s intestines were gone. My wife was three months pregnant.” His hand rested on a body wrapped in a blanket on the floor.
Israel’s military in a statement said it struck a “terrorist cell” in Gaza City and a “terrorist meeting point” in the Beit Hanoun area.
Another Israeli airstrike killed a Palestinian journalist working for Al Jazeera, Ahmed Al-Lawh, in central Gaza, a hospital and the Qatari-based TV station said.
The strike hit a point for Gaza’s civil defense agency in the urban Nuseirat refugee camp, Al-Awda Hospital said. Also killed were three civil defense workers including the local head of the agency, according to Al-Aqsa Martyrs hospital. The civil defense is Gaza’s main rescue agency and operates under the Hamas-run government.
One of the bodies was covered with an orange work jacket marked “ambulance” in English.
“We, the civil defense, are carrying out humanitarian work like in any country in the world. Why are we being targeted?” said colleague Kerem Al Dalou.
Israel’s military said it struck a militant command center embedded in the civil defense offices.
The war in Gaza began after Hamas and other militants from Gaza stormed southern Israel on Oct. 7, 2023, killing some 1,200 people and taking well over 200 hostage.
Israel’s retaliatory offensive has killed almost 45,000 Palestinians, according to Gaza’s Health Ministry. The ministry’s count does not distinguish between combatants and civilians, but it says over half of the dead have been women and children.
Most of Gaza’s population of over 2 million has been displaced, often multiple times. The hospitals that are still functioning say they lack medicines, fuel and other basic supplies, while aid groups warn of widespread hunger.
The head of the World Food Program, Cindy McCain, told CBS on Sunday that the UN agency was able to get just two trucks of supplies into Gaza in November, citing insecurity there.
“We need a ceasefire, and we need it now,” she said. “We can no longer sit by and just allow these people to starve to death.”
