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Prince Of Many Hats, Dubai’s Sheikh Hamdan On High Level India Visit

The Dubai India airline sector is among the most heavily travelled in the world and there will be much to discuss when Crown Prince Sheikh Hamdan sits down for talks in Delhi

India is rolling out  the red carpet for Dubai’s Crown Prince Sheikh Hamdan bin Mohammad al-Maktoum, acknowledging not only long standing political and economic ties, but also the point that he is the next generation of leadership, he is the future and therefore the outreach is important.

Not that the succession is imminent, but there seems little doubt Dubai has begun the gradual transition to the ruler who will in time replace the current Emir Sheikh Mohammad bin Rashid al-Maktoum.

“India is trying to remain ahead in this game,” says Mahesh Sachdev, former head of the West Asia & North Africa Division of the External Affairs Ministry and an Arabic affairs specialist.  “India is aligning with the next generation of leaders, seeking to build relations early on.”

The fact that Crown Prince Hamdan wears many hats is seen as significant: he is deputy prime minister and defence minister of the UAE.

The composition of the accompanying delegation has strong economic focus. Apart from the minister of trade and economy, it includes the minister of AI, and the minister of state for cabinet affairs. There are also the top honchos from Dubai Civil Aviation and the CEO of Emirates Airline.

“The presence of aviation heavyweights suggests Dubai intends to press India on its demand for increasing airline seat capacity through a liberalised air service agreement,” Sachdev told StratNewsGlobal.  “India is not comfortable with that prospect since airlines like Indigo and Air India will lose passengers, especially on long haul routes to Europe and the US.”

As it is, the Delhi-Dubai, Mumbai-Dubai and Calicut-Dubai sectors are dominated by Dubai-based carriers like Emirates.  By all accounts, they offer efficient service and cheaper fares than Indian carriers.  But they get worried when Air India or Indigo show every sign of wanting to compete and the prospect of Delhi emerging as a regional aviation hub, is a nightmare prospect.

Energy will be another subject of discussion. India is the third largest consumer and importer of crude oil. Dubai does not produce any crude but the UAE does and is the seventh largest exporter to this country. There could be discussion on the possibility of investment in the downstream Indian oil sector.

But the geopolitical situation is the major concern. There is a two-month window for interim talks between the US and Iran, and if those talks fail, President Trump has threatened military action.

“Iran for its part, has warned neighbours like the UAE that if they allow the US military to overfly their airspace to carry out strikes on Iran, their interests could be harmed,” Sachdev said.

Particularly worrying for Dubai is the “informal” trade that happens with Iran, which is estimated to be as high as $20 billion. This could be hit in the event of tensions spilling over into conflict.

This geopolitics worries India too. It wants more investment from the UAE but given global headwinds, caution is called for. Trump is demanding that the world invest in his country, and his visit to the UAE, Saudi Arabia and Qatar next month is intended to drum up that investment.

A word about the India-UAE comprehensive economic partnership signed over two years ago. India has some reservations and is expected to use Crown Prince Hamdan’s visit to explore why and how the UAE has leveraged it better.

Palestinian-American Billionaire Accused Of Aiding Hamas

Bashar Masri, a prominent Palestinian-American businessman and founder of Rawabi, the first planned Palestinian city in the West Bank, poses during an interview with Reuters in Rawabi, October 5, 2020. REUTERS/Rami Ayyub/File Photo

Families of American victims killed in the October 7, 2023, attacks on Israel filed a lawsuit on Monday against Bashar Masri, a prominent Palestinian-American businessman, accusing him of aiding in the construction of infrastructure that enabled Hamas militants to carry out their cross-border assault.

The lawsuit, filed in the U.S. District Court for Washington, D.C., is thought to be the first case of a U.S. citizen being accused of providing major support for the attacks that triggered a wider Middle East conflict and upended the region.

‘Baseless’ Lawsuit

Masri’s office called the lawsuit “baseless.”

According to a statement announcing the lawsuit, properties Masri owned, developed and controlled, including two luxury hotels and the leading industrial zone in Gaza – the Gaza Industrial Estate – “concealed tunnels underneath them, and had tunnel entrances accessible from within the properties, which Hamas used in terrorist operations before, on and after October 7th.”

“Defendants facilitated the construction and concealment of those tunnels and even built above-ground solar panel installations that they then used to supply Hamas with electricity to the tunnels,” it said.

October 7 Attack

The October 7 attacks killed some 1,200 Israelis, including more than 40 Americans, and prompted Israeli retaliation against Gaza that has since killed more than 50,000 Palestinians.

The lawsuit, which targets Palestinian-American businessman Masri and his companies, was filed on behalf of nearly 200 American plaintiffs, including survivors and relatives of the Hamas attack victims.

“Our goal is to expose those who have aided and abetted Hamas and to try and bring accountability to individuals and companies that have presented a legitimate and moderate image to the Western world but have actively and knowingly helped Hamas,” Lee Wolosky of the Willkie Farr & Gallagher LLP law firm, lead attorney representing the plaintiffs, said in the statement.

It said GIE was originally established with the help of U.S. taxpayer funding via the U.S. Agency for International Development to promote economic growth in the region.

It said that “as a result of defendants’ deception,” Hamas’ tunnel network was built with the help of infrastructure and energy projects financed by international institutions, including the World Bank’s International Finance Corporation.

‘False’ Allegations

A statement from Masri’s office called the allegations against him and his businesses false and said he would seek their dismissal in court. It said Masri had been involved in development and humanitarian work for the past decades and “unequivocally opposes violence of any kind.”

“Neither he nor those entities have ever engaged in unlawful activity or provided support for violence and militancy,” it said.

A March 10 article in the Jerusalem Post cited unnamed diplomatic sources as saying that Masri had served as a close adviser to Adam Boehler, U.S. President Donald Trump’s envoy seeking release of hostages held in Gaza, and had flown on Boehler’s private jet as he shuttled across the region.

‘Seasoned Entrepreneur’

It called Masri “a seasoned entrepreneur” who “shares a business-minded approach with Trump, making him a natural fit in the administration’s economic vision for the region.”

The State Department and White House did not immediately respond to requests for comment when asked about the newspaper report.

In a Reuters interview in October 2020, when he was 59, Masri spoke in favor of Gulf Arab ties with Israel, condemned by Palestinian leaders, saying they could be an opportunity to apply fresh pressure to halt Jewish settlement in occupied land.

When speaking to Reuters in 2020, Masri said Palestinians must not give up hope. “Our enemies want us to give up hope. If we give up hope, they have exactly what they want, and there will be no Palestine, and no Palestinian people,” he said.

(With inputs from Reuters)

Court Overturns Block On DOGE’s Data Review

Court Overturns Block On DOGE's Data Review

A divided federal appeals court on Monday paused a preliminary injunction that had prevented the U.S. Office of Personnel Management and the Department of Education from releasing sensitive data to Elon Musk and his Department of Government Efficiency (DOGE).

In a 2-1 vote, the 4th U.S. Circuit Court of Appeals stayed the injunction imposed by U.S. District Judge Deborah Boardman in Greenbelt, Maryland, pending an appeal.

The Richmond, Virginia-based appeals court also voted 8-7 against taking up the matter “en banc”, in which all active judges would decide. Two judges appointed by Democratic presidents joined six Republican appointees in that majority.

DOGE was created to advance U.S. President Donald Trump’s effort to downsize the federal government.

Violating Privacy

Groups including the American Federation of Teachers sued to prevent Musk’s team from reviewing data including Social Security numbers, birth dates, addresses, income, citizenship status and student loan borrowings for millions of Americans.

They claimed that letting DOGE see the data violated people’s privacy and could let the government use the data for other purposes, such as to advance Trump’s immigration goals.

The Department of the Treasury, which maintains systems for disbursing Social Security benefits, income tax refunds and other sums, was also sued.

Lawyers for the plaintiffs did not immediately respond to requests for comment. The U.S. Department of Justice did not immediately respond to a similar request.

Musk To Leave DOGE

Meanwhile, Trump has informed his Cabinet and close associates that his billionaire ally, Elon Musk, will soon step down from his government role, Politico reported Wednesday, citing three sources.

Trump has tasked the Tesla and SpaceX CEO with leading efforts to cut government funding and dismantle various U.S. agencies as a special government employee.

Politico reported that both Trump and Musk decided in recent days that Musk will soon return to his businesses, but gave no specific date.

Asked if he wanted Musk to stay longer than his 130-day term, Trump told reporters: “I think he’s amazing, but I also think he’s got a big company to run. At some point, he’s going to be going back. He wants to.”

Based on a 130-day term, Musk’s time as a special government employee would be set to end as soon as the end of May. He told Fox News last week that he was confident he would finish most of the work to cut $1 trillion in federal spending.

(With inputs from Reuters)

New Zealand Plans To Boost Defence Spending To 2% Of GDP

New Zealand announced on Monday it will increase defence spending by NZ$9 billion over four years and aims to nearly double it to 2% of GDP within eight years, amid rising global tensions.

The details came in remarks by Prime Minister Christopher Luxon, who called for more spending on defence to ensure prosperity.

“New Zealand and our allies and partners across the world are no longer in a benign environment,” he told a press conference at the release of the Defence Capability Plan.

“My primary focus is the economic importance of this country. However, there can be no prosperity without security, and defence is one vital component of that picture.”

Defence Boost

The Defence Capability Plan maps out new funding of NZ$9 billion over the next four years to boost defence capability. It comes on top of baseline spending set to be announced in May.

The new spending is a significant boost to the Defence Force’s spending of just under NZ$5 billion in 2024/25.

New Zealand’s first national security review in 2023 called for more military spending and stronger ties with Indo-Pacific nations to tackle issues of climate change and strategic competition between the West and China and Russia.

Decades Of Defence Underspending

New Zealand’s Defence Force has struggled with systemic underspending over the past several decades, which amounts to just over 1% of GDP now.

High attrition in recent years has seen the force idle three of its ships and put on ice plans for a new vessel designed for patrol of the Southern Ocean, though attrition has fallen in the last year.

Over the next four years, the plan envisages the defence force will invest in projects such as boosting strike capability, buying an uncrewed aerial system, replacing helicopters and extending the life of its frigates.

It also plans to replace the Boeing 757 fleet after some embarrassing breakdowns that grounded delegations abroad.

(With inputs from Reuters)

Trump Threatens More Tariffs On China Amid Bearish Trend

U.S. President Donald Trump threatened to raise tariffs on China again on Monday, escalating a trade war that has already cost trillions in global market losses.

Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday if the world’s No. 2 economy did not withdraw the 34% tariffs it had imposed on U.S. products last week. Those Chinese tariffs had come in response to 34% “reciprocal” duties announced by Trump.

“All talks with China concerning their requested meetings with us will be terminated!” he wrote on social media.

The announcement injected further turbulence into global financial markets, which have fallen steadily since Trump’s announcement.

‘Fake News’

A 10% tariff took effect on all imports into the world’s largest consumer market on Saturday, and targeted duties of up to 50% are due to snap into place on Wednesday.

U.S. stocks briefly stopped their downward slide after a report that Trump was considering a 90-day tariff pause, then turned negative again after the White House dismissed the report as “fake news”. The S&P 500 index was headed toward a 20% drop from its February high.

Asian and European shares also plunged as investors feared the duties Trump has likened to “medicine” could lead to higher prices, weaker demand and potentially a global recession. Goldman Sachs raised the odds of a U.S. recession to 45%.

‘Zero For Zero’

The European Union said it would start collecting retaliatory duties on some U.S. goods next week, even as officials said they stood ready to negotiate a “zero for zero” deal with Trump’s administration.

“Sooner or later, we will sit at the negotiation table with the U.S. and find a mutually acceptable compromise,” EU Trade Commissioner Maros Sefcovic said at a news conference.

Trump aides say he is following through on a promise to reverse decades of trade liberalisation that he believes has undercut the U.S. economy. But they also said he is willing to negotiate with dozens of countries that have reached out for talks.

“He’s doubling down on something that he knows works, and he’s going to continue to do that,” White House economist Kevin Hassett said Trump on Fox News. “But he is also going to listen to our trading partners, and if they come to us with really great deals that advantage American manufacturing and American farmers, I’m sure he’ll listen.”

‘Economic Bullying’

China’s retaliatory levies are the firmest response yet to Trump’s announcement, which has been met with bewildered condemnation from other leaders. Beijing called Trump’s behaviour “economic bullying“.

After stocks in mainland China and Hong Kong cratered on Monday, China’s sovereign fund stepped in to try to stabilise the market.

Shares in Taiwan plummeted almost 10% – the biggest one-day percentage fall on record.

Wall Street leaders issued warnings on U.S. tariffs, with JPMorgan Chase CEO Jamie Dimon saying they could have lasting negative consequences, while fund manager Bill Ackman, said they could lead to an “economic nuclear winter.”

Ackman is one of a handful of Trump supporters who questioned the strategy. Billionaire Elon Musk, who is leading Trump’s effort to slash government spending, called for zero tariffs between the U.S. and Europe over the weekend.

On Monday, Trump trade adviser Peter Navarro dismissed the Tesla CEO as a “car assembler.”

Tactics, Or New Regime?

Investors and political leaders have struggled to determine whether Trump’s tariffs are part of a permanent new regime or a negotiating tactic to win concessions from other countries.

Some in the EU worry that a forceful response risks even more blowback on European exporters of everything from French Cognac and Italian wine to German cars.

Volkswagen’s Audi is holding back cars that arrived in U.S. ports after April 2 because of the newly imposed 25% autos tariff.

Aircraft parts supplier Howmet Aerospace may halt some shipments if they are impacted by tariffs, according to a letter seen by Reuters.

Prime Minister Shigeru Ishiba of Japan, one of Washington’s closest allies in Asia, held a phone call with Trump to push for a deal and said he would visit Washington at an appropriate time.

Other governments in Asia have also signalled a willingness to engage.

Taiwan’s President Lai Ching-te on Sunday offered zero tariffs as the basis for talks, while an Indian government official said Delhi does not plan to retaliate.

Investors are now betting the growing risk of recession could see the U.S. Federal Reserve cut rates as early as next month.

Trump repeated his call for the central bank to lower rates on Monday, but Fed chief Jerome Powell has so far indicated he is in no rush.

(With inputs from Reuters)

Greece: 6 Malnourished Children Diagnosed At Samos Migrant Camp

A private security employee stands guard during the inauguration of a closed-type migrant camp on the island of Samos, Greece, September 18, 2021. REUTERS/Alkis Konstantinidis/File Photo

Doctors Without Borders (MSF), a medical charity, reported on Monday that it has identified the first cases of malnourished children at a migrant camp on Greece’s Samos Island, which has faced criticism from rights groups over its unsafe living conditions.

MSF doctors have diagnosed six children from Syria and Afghanistan, aged between six months to six years, with acute malnutrition needing immediate help, it said.

While it could not say if their malnutrition was due to living in the camp, conditions there – including insufficient food and medical care – endangered their health, MSF said.

‘Systemic Neglect’

“No child should suffer from malnutrition due to systemic neglect,” said Christina Psarra, director general of MSF Greece, calling for immediate action and adding that about a quarter of the camp’s residents were children.

The Greek migration ministry said it would release a statement later on Monday.

On the forefront of Europe’s 2015-16 migration crisis, Greece saw a surge in arrivals in 2024, according to U.N. data. This year, nearly a third of arrivals to southern Europe from the Middle East and Africa were to Greece.

The EU-funded Samos camp, a sprawling, heavily-surveilled facility surrounded by barbed wire, was opened by the government in 2021 to replace the former camp of Vathy – once an overcrowded, rat-infested tent city of 7,000 people.

The six malnourished children arrived this year, MSF said.

‘Inhumane And Degrading’

Rights group Amnesty International has called conditions at Samos “inhumane and degrading” during periods of overcrowding, with water shortages and a lack of other basic services.

In December, a U.N. human rights expert accused Greece of failing to identify victims of sex trafficking in the camp.

MSF called on Greece and the EU to ensure adequate pediatric care and nutritional support in Samos and to restore financial support to asylum seekers suspended last June.

(With inputs from Reuters)

EU Favours Dialogue Over Retaliation In Response To Trump’s Tariffs

tariffs

European Union ministers agreed on Monday to focus on negotiations aimed at lifting tariffs imposed by President Donald Trump, even as they moved ahead with preparing an initial set of targeted countermeasures.

The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and “reciprocal” tariffs of 20% from Wednesday for almost all other goods under Trump’s policy to hit countries he says impose high barriers to U.S. imports.

Ministers overseeing trade met in Luxembourg on Monday to debate the EU’s response, as well as discuss relations with China. Many said the priority was to launch negotiations and avert an outright trade war.

“We need to remain calm and respond in a way that de-escalates. The stock markets right now show what will happen if we escalate straightaway. But we will be prepared to take countermeasures if needed to get the Americans at the table,” Dutch Trade Minister Reinette Klever told reporters.

European Commission President Ursula von der Leyen told a press conference in Brussels that the EU stood ready to negotiate a “zero-for-zero” tariff pact for industrial goods.

Talks with Washington to date have proven difficult. EU Trade Commissioner Maros Sefcovic described his two-hour exchange with U.S. counterparts on Friday as “frank” as he told them their tariffs were “damaging, unjustified”.

Approval Of Countermeasures

The bloc is likely to approve this week an initial set of countermeasures on up to $28 billion of U.S. imports ranging from dental floss to diamonds, in response to Trump’s steel and aluminium tariffs rather than the broader reciprocal levies.

But even that move has proven fraught, with Trump threatening a 200% counter-tariff on EU alcoholic drinks if the bloc goes ahead with an earmarked 50% duty on U.S. bourbon.

France and Italy, major exporters of wine and spirits, have expressed concern.

The 27-nation bloc is expected to produce a larger package of countermeasures by the end of April, as a response to U.S. car and “reciprocal” tariffs.

However, in a war of tariffs on goods, Brussels has less to target than Washington, given U.S. goods imports into the EU totalled 334 billion euros ($366.2 billion) in 2024, against 532 billion euros of EU exports.

French Trade Minister Laurent Saint-Martin said there should be no taboos, including the EU’s Anti-Coercion Instrument (ACI), which would allow it to target U.S. services or to limit U.S. companies’ access to public procurement tenders in the EU.

“We cannot exclude any options on goods or services and, however we approach it, open the box to the European tool which is very comprehensive and which can be extremely aggressive,” he said.

‘Caution’ Needed

Others, however, urged caution.

Simon Harris, foreign minister of Ireland, almost a third of whose exports go to the U.S., described the ACI as “very much the nuclear option” and said he believed the majority view in the EU was not to go near it, at least for now.

German Economy Minister Robert Habeck, whose Greens will not be part of the next governing coalition, said the EU should realise it was in a strong position – if it was united.

“The stock markets are already collapsing and the damage could become even greater … America is in a position of weakness,” he said in Luxembourg. Habeck added that Trump lieutenant Elon Musk’s hope of zero tariffs between Europe and the United States reflected this point.

But he added, regarding countermeasures: “If we have every (EU) country coming out saying they have a problem here with red wine and there with whiskey and here with pistachios, then we will end up with nothing.”

($1 = 0.9121 euros)

(With inputs from Reuters)

Germany’s Merz Aims To Reassert Leadership After Setbacks In Polls And Tariff Disputes

Friedrich Merz

Friedrich Merz, Germany’s next chancellor, moved on Monday to reclaim political momentum. He pledged to prioritize economic competitiveness following a difficult weekend, during which a new poll showed the far-right party pulling even with his conservatives for the first time.

His comment, after carping from allies at a seeming willingness to concede too much to his intended Social Democrat (SPD) coalition partners, came in response to alarm at the tariff-induced chaos engulfing financial markets.

Germany’s main equity index plunged 10% at Monday’s opening in reaction to U.S. President Donald Trump’s tariffs, heightening pressure on Merz to form a government, before recovering some ground.

“The situation on the international equity and bond markets is dramatic and threatens to get worse,” he told Reuters. “It’s more important than ever for Germany to restore its competitiveness. That must be at the heart of coalition talks.”

That promise, at the start of a crunch week of negotiation, appeared designed to soothe restive party members and conservative voters, many aghast at what they see as too many potential concessions for the sake of a quick agreement.

Coalition negotiations were interrupted on Monday for consultations between outgoing SPD chancellor Olaf Scholz and the heads of the conservatives and Social Democrats on how to respond to the tariff measures, a source told Reuters.

The source said it was particularly important that Germany work closely with European partners.

Soon after winning the February 23 national election, Merz pushed through a constitutional amendment allowing Germany to take on as much as a trillion euros in new debt with the help of the SPD and the Greens.

Friedrich Merz had campaigned as an heir to the fiscal rigour that has characterised German governments for decades, and blocked attempts by Scholz’s outgoing government to raise more money for infrastructure and the military.

Far-Right Draws Level

A poll on Sunday showed the far-right Alternative for Germany, the election runners-up, drawing level with his conservatives – the first time in the post-war era that a far-right party has topped polls.

Johannes Winkel, leader of Merz’s party’s own youth wing, said Merz’s credibility was at stake.

“We can’t carry on as before,” Winkel told the Sueddeutsche Zeitung newspaper. “Especially in the key election themes: migration, the economy, cutting red tape. Merz has to pay back that debt.”

Both parties want to finalise the coalition agreement this week to allow the SPD time to poll members.

If a coalition deal is not reached, Merz will face a choice between going back on his pledge never to govern with the far-right, forming a minority government that would rely on ad hoc deals in parliament, or calling a new election.

(With inputs from Reuters)

Israeli Soldiers Recount Clearing ‘Kill Zone’ On Gaza Border

kill zone

Israeli soldiers leveled farmland and cleared entire neighbourhoods in Gaza to establish a “kill zone” near the enclave’s edge, according to a report published on Monday that cited troops describing the severe tactics used during the operation.

The report, from the Israeli rights group Breaking the Silence, cited soldiers who served in Gaza during the creation of the buffer zone, which was extended to between 800-1,500 metres inside the enclave by December 2024 and which has since been expanded further by Israeli troops.

Israel says the buffer zone encircling Gaza is needed to prevent a repeat of the October 7, 2023 attack by thousands of Hamas-led fighters and gunmen who poured across the previous 300 metre-deep buffer zone to assault a string of Israeli communities around the Gaza Strip. The attack, which killed 1,200 people and saw 251 taken hostage, was one of the worst security disasters in Israel’s history.

“The borderline is a kill zone, a lower area, a lowland,” the report quotes a captain in the Armored Corps as saying. “We have a commanding view of it, and they do too.”

The Israeli military did not immediately respond to a request for comment on the report.

The testimony came from soldiers who were serving in Gaza at the end of 2023, soon after Israeli troops entered the enclave, until early 2024. It did not cover the most recent operations to greatly enlarge the ground held by the military.

Early Expansions

In the early expansion of the zone, soldiers said troops using bulldozers and heavy excavators along with thousands of mines and explosives destroyed around 3,500 buildings as well as agricultural and industrial areas that could have been vital in postwar reconstruction. Around 35% of the farmland in Gaza, much of which is around the edges of the territory, was destroyed, according to a separate report by the Israeli rights group Gisha.

“Essentially, everything gets mowed down, everything,” the report quoted one reserve soldier serving in the Armored Corps as saying. “Every building and every structure.” Another soldier said the area looked “like Hiroshima”.

Breaking the Silence, a group of former Israeli soldiers that aims to raise awareness of the experience of troops serving in the occupied West Bank and Gaza, said it had spoken to soldiers who took part in the operation to create the perimeter and quoted them without giving their names.

One soldier from a combat engineering unit described the sense of shock he felt when he saw the destruction already wrought by the initial bombardment of the northern area of the Gaza Strip when his unit was first sent in to begin its clearance operation.

“It was surreal, even before we destroyed the houses when we went in. It was surreal, like you were in a movie,” he said.

“What I saw there, as far as I can judge, was beyond what I can justify as needed,” he said. “It’s about proportionality.”

‘Just A Pile Of Rubble’

Soldiers described digging up farmland, including olive trees and fields of eggplant and cauliflower as well as destroying industrial zones including one with a large Coca Cola plant and a pharmaceutical company.

One soldier described “a huge industrial area, huge factories, and after it’s just a pile of rubble, piles of broken concrete.”

The Israeli operation has so far killed more than 50,000 Palestinians, according to Palestinian health authorities, which do not distinguish between civilians and armed fighters. The Israeli military estimates it has killed around 20,000 fighters.

The bombardment has also flattened large areas of the coastal enclave, leaving hundreds of thousands of people in bomb-damaged buildings, tents or temporary shelters.

The report said that many of the buildings demolished were deemed by the military to have been used by Hamas fighters, and it quoted a soldier as saying a few contained the belongings of hostages. But many others were demolished without any such connection.

Palestinians were not allowed to enter the zone and were fired on if they did, but the report quoted soldiers saying the rules of engagement were loose and heavily dependent on commanders on the spot.

“Company commanders make all kinds of decisions about this, so it ultimately very much depends on who they are. But there is no system of accountability in general,” the captain in the Armored Corps said.

It quoted another soldier saying that in general adult males seen in the buffer zone were killed but warning shots were fired in the case of women or children.

“Most of the time, the people who breach the perimeter are adult men. Children or women didn’t enter this area,” the soldier said.

(With inputs from Reuters)

Trump’s Tariff War Wipes $2 Trillion From Tech Giants’ Value

Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File Photo

The “Magnificent Seven” stocks tumbled on Monday, deepening a market sell-off that has erased nearly $2 trillion from their total value, as investors fret over the financial impact of U.S. President Donald Trump’s global tariff war.

The latest slide followed cuts in price target for Apple and Tesla shares from one of Wall Street’s most bullish tech analysts, Dan Ives, who warned of a “tariff economic armageddon”.

The cuts came as Trump doubled down on tariffs on Sunday, telling investors to endure the consequences and ruling out trade talks with China for now.

Tesla shares slumped 7% to $223, leading losses among the “Magnificent Seven” – a group of high-performing tech stocks that powered Wall Street’s rally for years but whose fortunes have taken a turn for the worse in the last few months.

The companies have collectively shed more than $6 trillion in market value since their peak in late 2024.

Apple Suffers Consequences

Apple, Alphabet and Microsoft were trading around one-year lows, with the iPhone maker falling 4.8%, while other “Mag 7” members fell between 1.5% and 4.8%.

The group has accounted for a large chunk of the more than $5 trillion the S&P 500 index has lost in value over the past two trading sessions.

Wedbush analyst Ives said as a U.S. tech company, Apple has the biggest exposure to American tariffs on Chinese goods as most iPhones are assembled in China.

He said the trade war would also deepen Tesla’s challenges as the electric automaker grapples with a growing brand crisis sparked by CEO Elon Musk’s support of President Trump and far-right politics in Europe.

The warning underscores growing fears that tariffs could squeeze margins and disrupt supply chains at a time when several technology companies are facing scrutiny over their big AI spending.

Slashing Targets

Ives cut his target for Tesla shares to $315 from $550, which was one of the highest on Wall Street. His new target is still nearly $100 above the stock’s latest trading price.

On Apple, Ives slashed his target by $75 to $250, calling the tariffs “a complete disaster” for the tech giant, which may have to raise U.S. iPhone prices to protect its lofty margins.

Apple had secured exemptions to U.S. tariffs on China during Trump’s first term, but analysts are unsure if it can secure waivers this time despite announcing $500 billion in U.S. investments over the next four years.

The company has for years kept the starting price of its iPhone Pro model at $1,000. “The concept of making iPhones in the U.S. is a non-starter in our view at $1,000,” Ives said in a note. “Price points would move up so dramatically it’s hard to comprehend.”

On Tesla, which could be headed for another year of sales declines after a dismal first-quarter deliveries report, Ives said the trade tensions could push buyers in China to domestic rivals.

“The backlash from Trump tariff policies in China and Musk’s association will be hard to understate and this will further drive Chinese consumers to buy domestic such as BYD,” he said in a note published separately.

(With inputs from Reuters)

Kremlin Says Russia Ready To Help Ease US-Iran Nuclear Tensions

The Kremlin said on Monday that Russia is prepared to do everything possible to help ease tensions between the United States and Iran over Tehran’s nuclear programme, as Washington presses Tehran to agree to a nuclear deal or face military action.

Russia has repeatedly offered to mediate between the two sides to resolve the nuclear tensions after warnings of military action against Iran by U.S. President Donald Trump have rattled nerves across the region.

“We are in constant consultations with our Iranian partners, including on the topic of the nuclear deal,” Kremlin spokesman Dmitry Peskov told reporters.

“This process will continue, including in the near future. And, of course, Russia is ready to make every effort, to do everything possible to contribute to this problem’s resolution by political and diplomatic means.”

During his first term, Trump withdrew the U.S. from a 2015 deal between Iran and world powers that placed strict limits on Tehran’s disputed nuclear activities in exchange for sanctions relief. Iran says it needs nuclear energy for peaceful purposes and denies it is seeking to acquire nuclear weapons.

No Direct Talks

Tehran has pushed back against Trump’s demands for direct talks, with a senior Iranian official issuing a warning over the weekend to neighbours that host U.S. bases that they could be in the firing line.

Russian Deputy Foreign Minister Sergei Ryabkov said last week that Trump’s comments about bombing Iran only served to “complicate the situation” and cautioned that strikes could be “catastrophic” for the wider region.

Russia has, for the most part, refrained from such sharp criticism of Trump.

President Vladimir Putin has moved quickly since Trump took office to repair relations with the U.S. in a rapprochement viewed with concern by Ukraine and its European allies.

Moscow has also deepened ties with Tehran since the start of the full-scale conflict in Ukraine, with the two signing a strategic partnership treaty in January.

(With inputs from Reuters)

Fearing Market Meltdown, Germany’s Merz Urges Swift Action On Tariffs

Germany's chancellor-in-waiting and leader of the Christian Democratic Union party (CDU) Friedrich Merz, gives a statement on the day Christian Democratic Union party (CDU) and Social Democratic party (SPD) have exploratory talks, in Berlin, Germany March 28, 2025. REUTERS/Christian Mang/File Photo

Chancellor-in-waiting Friedrich Merz on Monday urged prompt action to safeguard Germany’s competitiveness amid falling markets, following United States President Donald Trump‘s sweeping tariff announcement.

Major stock indexes plunged on Monday as Trump showed no sign of backing away from his tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting interest rates as early as May.

“The situation on the international equity and bond markets is dramatic and threatens to deteriorate further. It is therefore more urgent than ever for Germany to restore its international competitiveness as quickly as possible,” Merz said in an emailed statement to Reuters.

“This issue must now be at the centre of the coalition negotiations,” he added of his conservative bloc’s talks to form a government with the Social Democrats, repeating his party’s calls for tax cuts, a reduction in red tape and lower energy prices.

Together with other European Union countries, Germany faces 25% import tariffs on steel and aluminium and cars, and “reciprocal” tariffs of 20% from Wednesday for almost all other goods.

The tariffs only add to trade-sensitive Germany’s economic headache, muddying attempts by the prospective coalition government to haul Europe’s largest economy out of a two-year-long recession.

Germany’s benchmark index was among the worst hit markets in the euro area on Monday, opening some 10% lower before recovering some of those losses.

The Sentix survey of euro zone investors showed sentiment tumbling to its lowest point in more than a year in April, as trade war fears eclipsed the initial excitement over a massive boost in public spending planned under Merz.

Germany’s likely future leader has taken a stern tone with Trump and stressed that Europe must reduce its reliance on Washington when it comes to defence.

The European Commission is seeking to coordinate a joint response to the tariffs on behalf of EU countries, including Germany.

(With inputs from Reuters)

Chinese Woman Detained For Visa Overstay Commits Suicide In US

Chinese woman allegedly commits suicide at a U.S. Border Patrol station in Arizona. Photo Courtesy: Wikimedia Commons

A Chinese woman, who was recently detained by border patrol officers for overstaying her visa, allegedly committed suicide at the U.S. Border Patrol station in Arizona, claimed US Representative Pramila Jayapal.

Jayapal said authorities failed to perform the required welfare checks on her.

Reacting to the development, US Representative Pramila Jayapal said in a statement: “When Customs and Border Protection (CBP) agents take a person into custody, they are responsible for their well-being, full stop. This detainee died by suicide, and initial reports have indicated that certain CBP procedures to ensure the safety and welfare of individuals in custody were not conducted. There is no excuse for why agents cannot verify if some of the necessary welfare checks occurred – or why some of the documented welfare checks were incorrectly reported.”

“As the CBP’s Office of Professional Responsibility (OPR) investigates this death, they must provide answers on why these welfare checks were not conducted and falsely recorded, and why this woman was able to die by suicide without any guard intervention,” Pramila said.

“Last year in Washington State, two detained persons died at the Northwest Immigrant Processing Center (NWIPC). I remain incredibly concerned about the conditions at these facilities. Another preventable death only increases that concern. Reports have consistently shown that the United States falls far short of its obligations to treat all detained people with dignity and fairness,” Jayapal said.

Jayapal said she had overstayed a B1/B2 visitor visa.

She was detained after being transferred to Arizona.

Speaking on the incident further, Jayapal said: “According to information provided by CBP, logs note that multiple welfare checks were conducted, however, CBP OPR was unable to verify if those checks actually occurred, and for some of them, a Border Patrol Processing Coordinator (BPPC) stated that he did not conduct the logged checks. Surveillance footage showed the woman create a noose and tie it around her neck, yet no medical response occurred for nearly two hours.”

Not Visible In Video Cameras

Meanwhile, a CBP spokesperson told the Sentinel on Friday that the Chinese woman was out of view of video cameras when she committed suicide.

The spokesman said a 52-year-old woman was “unresponsive in a cell” at the Yuma Border Patrol Station on Saturday.

“Emergency Medical Services were called to the station and transported the woman to the local hospital, where she was pronounced deceased,” the spokesman told the news portal.

The New York Post reported that surveillance footage reportedly showed the woman making a noose and tying it around her neck.

Shockingly, there was no medical response for two hours after she hung herself, the newspaper reported.

Two Chinese Nationals Arrested

Before the death of the woman, US Border Patrol Yuma Sector said in a Facebook post that two Chinese nationals were arrested and more than $220,000 was seized during a vehicle stop Wednesday on Interstate 40 near Needles, California.

“The Chinese nationals – a 38-year-old male and a 52-year-old female – were arrested and will be charged with alien inadmissibility under 8 U.S.C. 1182. The cash was believed to be proceeds from illegal activity and was seized for laundering under 18 U.S.C. 1956,” read the Facebook post.

(With inputs from IBNS)

Dubai’s Heir Apparent Crown Prince Hamdan, Begins Key India Visit

Crown Prince Hamdan of Dubai, will be in Delhi with a high level business delegation on Tuesday

Dubai’s Crown Prince Hamdan bin Mohammed Al Maktoum, who is also deputy prime minister and defence minister of the United Arab Emirates (UAE), will be in Delhi on a two-day visit beginning Tuesday.

Accompanying him is a high level business delegation, signalling the UAE’s readiness for more business following the comprehensive economic partnership signed in 2022,  and a Local Currency Settlement (LCS) System in July 2023.

Crown Prince Hamdan will hold discussions with Prime Minister Narendra Modi in New Delhi, followed by a meeting with his Indian counterpart Rajnath Singh, and Minister of Commerce Piyush Goyal in Mumbai.

The visit is expected to focus on trade, energy, defense, and investment. These discussions come at a time when both nations are eager to expand their collaboration in renewable energy, particularly in green hydrogen projects. The UAE, which has invested heavily in clean energy, is keen to further its cooperation with India in these areas.

The Crown Prince’s visit indicates both sides are keen to explore new avenues of cooperation in light of the changing global trade dynamics following Trump’s tariffs. In this context,  Crown Prince Hamdan’s meeting with Prime Minister Modi is expected to address the broader regional security issue, particularly the Israel-Hamas conflict.

Md. Muddassir Quamar, Associate Professor at the Centre for West Asian Studies, Jawaharlal Nehru University,  said “India and UAE are strategic partners and are working to strengthen trade and investment relations with ambitions to increase bilateral trade to $100 billion and UAE’s investment in India to $75 billion.”

“Many areas in India including energy, renewable energy, tourism, food, agriculture, food processing, and dedicated food transportation corridors are attractive areas for UAE investment. Additionally, logistics, infrastructure, IT, smart cities, and defense manufacturing are also seen as key areas for collaboration,” he added.

Defense cooperation between the two countries has also gained significant momentum. Notably, the first-ever India-UAE bilateral army exercise, “Desert Cyclone,” was held in Rajasthan in January 2024.  Crown Prince Hamdan is expected to seek enhanced defense collaboration during his visit.

The Crown Prince will travel to Mumbai for the Business Summit, where he will engage with key Indian business leaders. Discussions will focus on accelerating bilateral investments in sectors such as energy, defense manufacturing, IT, infrastructure, and smart cities.

The countries have also been exploring opportunities in green energy, particularly green hydrogen, as part of their broader sustainability goals. Additionally, both countries have shown interest in nuclear energy cooperation, which is expected to play a significant role in future energy strategies.

The UAE is also focusing on sectors such as food processing, logistics, and transportation, with plans to strengthen collaboration in establishing dedicated food transportation corridors and enhancing supply chain infrastructure. Both nations are engaged in talks on developing new technological platforms like the Virtual Trade Corridor (VTC) and the Maitri Interface, designed to streamline cross-border trade through paperless transactions.

India and the UAE’s growing scientific collaboration is another highlight of the visit. Both nations recently signed a MoU on Polar Research, focusing on joint research and capacity-building initiatives in the Arctic and Antarctic regions.

The India-Middle East-Europe Economic Corridor (IMEEC), a major infrastructure initiative aimed at boosting trade and connectivity between India, the UAE, and Europe, is expected to feature prominently in the discussions.

Afghanistan: Taliban Hands Over Bagram Air Base To US

The Taliban has transferred control of Afghanistan’s strategic Bagram Air Base to the United States, marking a significant development in regional military dynamics, media reports said.

A U.S. C-17 aircraft recently landed at the base, bringing military vehicles, equipment, and senior intelligence officials, reported Khaama Press, quoting Medium.

Among the reported arrivals is the Deputy Chief of the CIA, highlighting the strategic significance of this renewed American presence at Bagram, the news agency reported.

However, no official confirmation on the handover has been made so far.

Initially, the Taliban had refused to hand over the Bagram Air Base to U.S. forces.

Trump’s Comments On Bagram Air Base

Donald Trump recently said the US is planning to return to Afghanistan, a country its military exited in 2021, in a bid to counter China’s influence over the war-torn South Asian nation.

“I think we should get it back,” the US President was quoted as saying by the media.

He remarked following his first Cabinet meeting since taking over the role of commander-in-chief of the US armed forces.

He reminded that the US gave billions of dollars to Afghanistan and said America should reclaim disused and demilitarized military equipment that was left behind during the chaotic exit four years ago.

The withdrawal took place during former President Joe Biden’s rule, leading to the fall of ex-President Ashraf Ghani’s regime.

With the US forces leaving Afghanistan and Ghani’s government toppling, the Taliban insurgents returned and forcibly took control over the country that has witnessed wars for decades.

“What has bothered me very much is that we gave billions and billions of dollars to Afghanistan, nobody knows that, and yet, we left behind all of that equipment, which would not have happened had I been president at the time,” Trump was quoted as saying by the media.

“I think we should get a lot of that equipment back,” he said.

China Factor

Trump said the US is planning to keep its control over Bagram air base to counter China’s influence.

“The air base is exactly one hour from where China makes its nuclear missiles. So, we were going to keep Bagram,” he said.

“The airbase is one of the biggest airbases in the world. It has one of the biggest and most powerful runways,” he said.

“We gave it up. You know who is occupying it at the moment? China. Because Biden gave it up. So, we’re going to keep that,” Trump said.

Joe Biden-led administration had exited the army from Afghanistan after twenty years since the US invaded the South Asian country following the 9/11 terror attacks.

US Military Equipment

Approximately $7 billion of military equipment that the US transferred to the Afghan government over the course of 16 years was left behind in Afghanistan after the US completed its withdrawal from the country in August, according to a congressionally mandated report from the US Department of Defense viewed by CNN.

Bagram Airfield

The Bagram Airfield-BAF, also known as Bagram Air Base, is located 11 kilometres (6.8 mi) southeast of Charikar in the Parwan Province of Afghanistan.

Bagram Air Base was formerly the largest U.S. military base in Afghanistan.

The base fell into the hands of Taliban rebels after the NATO-trained Afghan National Army had surrendered in 2021.

In the 1950s, Bagram airfield was originally built by the Soviet Union during the early period of the Cold War era.

Both the US and the Soviet Union tried to spread their influence over Afghanistan.

(With inputs from IBNS)

Finance Minister Sitharaman To Visit UK, Austria For Bilateral Talks

Union Finance Minister Nirmala Sitharaman. Photo courtesy: PIB

Finance Minister Nirmala Sitharaman will embark on an official visit to the UK and Austria on Tuesday, where she is expected to attend ministerial-level bilateral meetings.

She will visit the two nations from April 8 to April 15.

During her visit, Finance Minister Sitharaman will participate in the 13th Ministerial round of India–UK Economic & Financial Dialogue and engagements with think tanks, investors, and business leaders in the United Kingdom and Austria.

Economic And Financial Dialogue

“The 13th round of the India-UK Economic and Financial Dialogue (13th EFD) is scheduled to be held in London, United Kingdom on 9th of April 2025. The 13th EFD dialogue will be co-chaired by the Union Minister for Finance and Corporate Affairs and the UK Chancellor of the Exchequer,” read a statement issued by the Indian government.

The 13th EFD is a significant bilateral platform between the two countries that offers opportunities for candid engagement at minister-level, officer-level, working groups and between the respective regulatory bodies in various aspects of financial collaboration, including investment matters, financial services, financial regulations, UPI interlinkages, taxation matters and illicit financial flows.

The key priorities of the 13th EFD dialogue for the Indian side include cooperation in IFSC GIFT City, investment, insurance and pension sectors, FinTech and Digital economy, and mobilising affordable and sustainable climate finance.

The Union Finance Minister and the Chancellor of the Exchequer are also set to announce and launch various reports and new initiatives for further collaborations.

On the sidelines of India-UK 13th EFD, Sitharaman will engage in bilateral meetings with key dignitaries, participate in investor roundtables and other meetings with heads of key financial institutions and companies.

India-UK Investor Roundtable

During the United Kingdom leg of the official visit, the Union Finance Minister will deliver the keynote address at the India-UK Investor Roundtable in presence of Chief Executive Officers of international organisations, including key management personnel from across the UK financial ecosystem covering pension funds, insurance companies, banks, and financial services institutions among others.

Nirmala Sitharaman, along with UK Secretary of State for Business and Trade Jonathan Reynolds, will co-host the Roundtable in partnership with the City of London, with top CEOs and senior management of prominent pension funds and asset managers in the UK as participants.

Austria Trip

During the Austrian leg of the official visit, the Union Finance Minister will hold bilateral meetings with senior Austrian government leaders, including Markus Marterbauer, Finance Minister, Austria; and Christian Stocker, the Federal Chancellor, Austria.

Sitharaman and Wolfgang Hattmannsdorfer, Austrian Minister for Economy, Energy and Tourism, will co-chair a session with key Austrian CEOs to apprise them of existing and upcoming opportunities in India for deeper investment collaboration between the two countries.

(With inputs from IBNS)

As The US Mulls Return To Afghanistan, India’s Options Could Broaden

Is the US mulling a return to Afghanistan after leaving it in such unseemly haste in Aug 2021?  Remarks by President Trump do not explicitly say that and his act of imposing a 10% tariff on imports from that benighted country suggest he takes a dim view of the Taliban leadership.

But Maj. Gen Sanjay Meston (Retd), India’s former defence attache in Kabul from 2011-14, believes otherwise. In a conversation on The Gist  he said:

“The US is contemplating a return to Afghanistan … but there will be no boots on the ground … and they definitely want the embassy in Kabul and the consuiates up and running.” But how and why?

The US has been talking directly to the Taliban in Doha, Qatar, for some time, quietly and behind the scenes, Gen Meston said, and their main push is for a broad-based government in Kabul.  They want people not part of the Taliban or the Haqqani network, with administrative and other experience to join the ruling dispensation.

Add to that the $10 million bounty on the head of Sirajuddin Haqqani, the interior minister, has been lifted along with the bounty on two others.  Presumably, this gives the Haqqanis incentive to go along with the US and reports indicate they are keen on lifting restrictions on women and so on.

US motives have never been driven by altruism and Washington’s aim is two fold: get a stake in Afghanistan’s estimated $4 trillion worth of rare and critical minerals that remain largely untapped, and counter China which currently seems to have free play there.

“The overall strategy is to undermine or counter Chinese influence anywhere,” noted Gen Meston, “and they are doing it directly with the Taliban and the Haqqanis, not with Pakistan, Pakistan is not on their strategic radar.”

Meston believes that any US return to Afghanistan would be of help to India’s overall strategy towards that land-locked country.  India needs to dialogue with the US on this issue and be open to partnering with the US firms as and when Uncle Sam puts up his flag there.

Tune in for more in this conversation with Maj Gen Sanjay Meston (Retd), former defence attache in Kabul.

Yunus: Friend or Foe? Here’s A Neighbourhood Potboiler!

Today, we’re diving into a truly riveting tale—a piece of South Asian political fan-fiction so dramatic, even Netflix would want to tone it down.

And it’s based on an op-ed in the Dhaka Tribune, globally known for its deeply unbiased journalism. You’ll soon see why.

Let’s set the scene. It’s August in Dhaka, and the air is heavy with celebrations because the tyrant Prime Minister Sheikh Hasina has fled to India after failing to put down a ‘student’ uprising.

Soon afterwards, somewhere, someone decides that the man parachuted in from the United States of America to replace her, Professor Muhammad Yunus— yes, the Nobel Peace Prize-winning, microfinance-pioneering, suit-wearing poster child of boringly sincere do-gooders—is secretly an Islamist warlord planning to genocide Hindus and Taliban-ify Bangladesh.

Because when you think “militant extremism,” you obviously picture a 70-something man with a PhD and a TED Talk.

Apparently, this revelation came courtesy of the “Hasina Government’s propaganda machine” working hand-in-hand with “BJP troll networks.” The iron lady of Dhaka, who is now allegedly sipping masala chai in Delhi surrounded by SPG commandos and retired television anchors while plotting her comeback like a Bengali Lady Macbeth, apparently has more clout in Delhi than in Dhaka.

But wait—it gets richer.

While Yunus is being defended internationally as the second coming of Gandhi, actual things are happening on the ground. Real things. Like the release of convicted Islamist terrorists— without even an “ooops’ from the new caretaker government. That Yunus heads.

Also, the UN — yes, that boring old bureaucracy in New York –drops a report saying Bangladeshi Hindus were subjected to violent mob attacks. Not tweets. Not fake news. Actual violence.

But don’t worry, everyone’s too busy fighting off a fake Islamist narrative to notice the real Islamist problem in office.

Imagine:

  • A Nobel Laureate is accused of being a terrorist.
  • The actual terrorists are let out of prison
  • And the person who suppressed Islamic extremism for 15 years is now in exile in India,  being blamed for a narrative that, ironically, might not be that far off the mark after all.

Now, if this all sounds like the plot of a rejected Tom Clancy novel, don’t worry—it gets better.The Dhaka Tribune article claims this was a “textbook case of narrative warfare.”

Right. Like someone flipped through Narrative Warfare for Dummies and said, “Yes, let’s accuse a peace activist of ethnic cleansing. That’ll work.”

The intent of this campaign, we’re told, was singular: To destabilise the interim government of Bangladesh. And the masterstroke of this plan? Tens of thousands of social media posts coordinated with all the subtlety of a flash mob doing a dandiya on Dhaka’s main parade ground.

But wait—here comes the twist! Bangladesh’s Generation Z— those chronically online, highly caffeinated keyboard warriors— immediately sniffed out the whole thing. Because nothing gets past TikTok detectives and Reddit sleuths, particularly those with a mildly jihadi mindset.

They responded, the article says, with a wave of anti-India rhetoric. But don’t worry—it wasn’t xenophobic. It was just strategic outrage! A patriotic tantrum, if you will.

Now comes my favourite part: the collapse. The disinformation campaign, despite allegedly costing millions, disintegrated faster than a Bangladeshi SIM card in roaming. Why? Because, says the article, international actors apparently did basic due diligence.

And lo and behold! The world rallied behind Yunus. Everyone from Brussels to Beijing, Seoul to Santa’s Workshop declared him the democratic messiah of Bangladesh. Meanwhile, poor Hasina gets painted as a moustache-twirling dictator who eats democracy for breakfast and hoards kleptocracy like Bitcoins.

Now, don’t get me wrong—criticism of authoritarianism is fair game. But turning this into a Bollywood villain origin story complete with cross-border conspiracies and youth-led cyber rebellions reeks of geopolitical absurdity.

Finally, the author of the op-ed issues a demand to India: “Tell your media to stop trolling us, or face eternal cancellation by Gen Z Dhaka.”

Because nothing frightens a nuclear state like getting unfollowed by a teenager in Dhanmondi.

And now, the pièce de résistance:

The author then goes on to plead with Modi to tell Indian media to be nicer. Which is adorable. Like asking a Bengal tiger to stop biting because it’s scaring the deer.

And here’s the best part. The author of this masterpiece—the one lecturing us about narrative warfare, regional geopolitics, the psychology of Gen Z, Indian media ecosystems, UN diplomacy, and apparently the metaphysical essence of truth itself—…is a “global marketing professional.”

Which, as the Dhaka Tribune will tell you, is the universally accepted credential for diagnosing international disinformation conspiracies and rewriting South Asian political history.

In conclusion—if you’re going to invent a conspiracy, at least try harder. Next time, add aliens. Or time travel. Maybe Professor Yunus is actually a cyborg sent by Grameen Bank from the future to destroy BRICS. Which in turn wants to turn him into a anti-dollar demon. I’d watch that for sure.

But if you are looking for real, candid opinions about what is going down in Bangladesh from people who have studied the country for decades, wait for part II of our roundtable on Bangladesh.

Coming soon, only on StratnewsGlobal.

Trump Calls Tariffs ‘Medicine’ Amid Turmoil In Asian Markets

U.S. President Donald Trump on Sunday stated that foreign governments would need to pay “a lot of money” to remove broad tariffs, which he described as “medicine”—a remark that triggered further turmoil in global financial markets.

Trump’s ‘medicine’ remark came when Asian stocks posted steep losses in early trading on Monday, and U.S. stock market futures opened sharply lower as investors registered concerns that U.S. tariffs could lead to higher prices, weaker demand, lower confidence and potentially a global recession.

Not Concerned About Losses

Speaking to reporters aboard Air Force One, Trump indicated he was not concerned about losses that have already wiped out trillions of dollars in value from share markets around the world.

“I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said as he returned from a weekend of golf in Florida.

Trump said he had spoken to leaders from Europe and Asia over the weekend, who hope to convince him to lower tariffs as high as 50% due to take effect this week.

“They are coming to the table. They want to talk, but there’s no talk unless they pay us a lot of money on a yearly basis,” Trump said.

Trump Tariffs Jolt Global Economy

Trump’s tariff announcement last week jolted economies around the world, triggering retaliatory levies from China and sparking fears of a global trade war and recession.

Investors and political leaders have struggled to determine whether Trump’s tariffs are here to stay, or part of a permanent new regime or a negotiating tactic to win concessions from other countries.

On Sunday morning talk shows, Trump’s top economic advisers sought to portray the tariffs as a savvy repositioning of the U.S. in the global trade order.

Treasury Secretary Scott Bessent said more than 50 nations had started negotiations with the U.S. since last Wednesday’s announcement. “He’s created maximum leverage for himself,” Bessent said on NBC News’ ‘Meet the Press’.

Commerce Secretary Howard Lutnick said on CBS News’ ‘Face the Nation’ the tariffs would remain in place “for days and weeks.”

White House economic adviser Kevin Hassett sought to tamp down concerns that the tariffs were part of a strategy to pressure the U.S. Federal Reserve to lower interest rates, saying there would be no “political coercion” of the central bank.

JPMorgan economists now estimate the tariffs will result in full-year U.S. gross domestic product declining by 0.3%, down from an earlier estimate of 1.3% growth, and that the unemployment rate will climb to 5.3% from 4.2% now.

Billionaire fund manager Bill Ackman, who endorsed Trump’s run for president, said Trump was losing the confidence of business leaders and warned of an “economic nuclear winter” unless he called a timeout.

Tariff Dealmaking

U.S. customs agents began collecting Trump’s unilateral 10% tariff on all imports from many countries on Saturday. Higher “reciprocal” tariff rates of 11% to 50% on individual countries are due to take effect on Wednesday at 12:01 a.m. EDT (4:01 a.m. GMT).

Some governments have already signaled a willingness to engage with the U.S. to avoid the duties.

Taiwan’s President Lai Ching-te on Sunday offered zero tariffs as the basis for talks with the U.S., pledging to remove trade barriers and saying Taiwanese companies will raise their U.S. investments.

Israeli Prime Minister Benjamin Netanyahu said he would seek a reprieve from a 17% tariff on the country’s goods during a planned meeting with Trump on Monday.

An Indian government official told Reuters the country does not plan to retaliate against a 26% tariff and said talks were under way with the U.S. over a possible deal.

In Italy, Prime Minister Giorgia Meloni – a Trump ally – pledged on Sunday to shield businesses that suffered damage from a planned 20% tariff on goods from the European Union.

Italian wine producers and U.S. importers at a wine fair in Verona on Sunday said business had already slowed and feared more lasting damage.

(With inputs from Reuters)

Turkey’s Opposition Pledges To Continue Protests Over Mayor’s Jailing

Turkey‘s main opposition leader on Sunday vowed to continue protests over the jailing of Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan’s key rival, fueling the country’s largest demonstrations in over a decade.

The protests began on March 19 when Imamoglu, a member of Turkey’s main opposition Republican People’s Party (CHP), was detained on corruption charges in what protesters, opposition parties, European leaders and rights groups called a politicised and anti-democratic move.

The government denies any influence over the judiciary, and says the courts are independent.

Protest Every Weekend

Speaking at an extraordinary congress at which he was re-elected party leader, CHP head Ozgur Ozel said the party will organise a protest against Imamoglu’s jailing in a different city every weekend, plus rallies in a different Istanbul district on Wednesday evenings.

The extraordinary congress was called after the CHP said authorities would appoint a trustee to run the party following a probe by prosecutors into alleged irregularities around its last congress in 2023.

The party organised big rallies in front of the Istanbul Municipality building every evening for a week after Imamoglu’s detention, and held a large demonstration in the city’s Maltepe district last weekend.

Nationwide ‘Peaceful’ Protests

Hundreds of thousands of Turks, including university students nationwide, have heeded opposition calls to protest. Protests have been mostly peaceful, but nearly 2,000 people have been detained and around 300 of them jailed pending trial.

Ozel also addressed a rally near the congress venue in Ankara after his re-election, repeating his party’s call for early elections.

No general election is scheduled until 2028, but if Erdogan is to run again, parliament would need to back an earlier election since the president will have reached his limit by that date.

Imamoglu is leading Erdogan in some opinion polls.

Symbolic Signature Campaign

The CHP has also launched a symbolic signature campaign demanding freedom for Imamoglu and early elections. Ozel said that more than 7 million people have signed the CHP’s petition.

Nearly 15 million people endorsed Imamoglu as the CHP’s presidential candidate in an internal vote held on March 23, which was planned before his detention.

(With inputs from Reuters)