Yellen says Iran’s actions could cause global economic spillovers as White House vows new sanctions

US Treasury Secretary Janet Yellen attends a press conference at US Ambassador’s residence in Beijing on April 8, 2024. (AFP)
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Updated 17 April 2024

Yellen says Iran’s actions could cause global economic spillovers as White House vows new sanctions

  • Israel has killed more than 33,000 Palestinians, according to Gaza’s Health Ministry
  • White House national security adviser Jake Sullivan also said Tuesday that coming US sanctions would target Iran’s missile and drone program and entities supporting the Islamic Revolutionary Guard Corps and Iran’s Defense Ministry

WASHINGTON: Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East as the Biden administration said it was readying new sanctions in response to Iran’s malevolent activity in the region.
Yellen spoke out against Iran’s “malign and destabilizing activity” in remarks ahead of this week’s spring meetings of the International Monetary Fund and World Bank, saying Iran’s weekend missile and drone attack on Israel “underscores the importance of Treasury’s work to use our economic tools to counter Iran’s malign activity.”
She added: “From this weekend’s attack to the Houthi attacks in the Red Sea, Iran’s actions threaten the region’s stability and could cause economic spillovers.”

National security adviser Jake Sullivan speaks during a press briefing at the White House, in Washington. (AP file photo)

Iran’s attack on Israel early Sunday came in response to what it says was an Israeli strike on Iran’s consulate in Syria earlier this month. Israel’s military chief said Monday that his country will respond to the attack, while world leaders caution against retaliation, trying to avoid a spiral of violence.
As the IMF and its fellow lending agency, the World Bank, hold their spring meetings this week, high on the agenda are the fast-rising tensions between Iran and Israel and what escalation could spell for the global economy.
Meanwhile, White House national security adviser Jake Sullivan also said Tuesday that coming US sanctions would target Iran’s missile and drone program and entities supporting the Islamic Revolutionary Guard Corps and Iran’s Defense Ministry.
“We anticipate that our allies and partners will soon be following with their own sanctions,” Sullivan said in a statement. “In addition, we continue to work through the Department of Defense and US Central Command to further strengthen and expand the successful integration of air and missile defense and early warning systems across the Middle East to further erode the effectiveness of Iran’s missile and UAV capabilities.”
Israel and Iran have been on a collision course throughout Israel’s six-month war against Hamas militants in Gaza. The war erupted after two militant groups backed by Iran led an attack on Oct. 7 that killed 1,200 people in Israel and kidnapped 250 others. An Israeli offensive in Gaza has caused widespread devastation and killed over 33,000 people, according to local health officials.
“We’ve targeted over 500 individuals and entities connected to terrorism and terrorist financing by the Iranian regime and its proxies since the start of the Administration,” Yellen said, citing sanctions against Iran’s drone and missile programs, militant groups Hamas, the Houthis, Hezbollah, and other Iraqi militia groups.
Yellen said she expected the additional sanctions to be announced in the coming days.
The annual gathering will take place as other ongoing conflicts, including Russia’s invasion of Ukraine, threaten global financial stability.
Yellen in February offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction.
She said Tuesday that the US is “continuing to work with our international partners to unlock the economic value of immobilized Russian sovereign assets and ensure that Russia pays for the damage it has caused.” Yellen added that she will meet with Group of Seven finance leaders Wednesday to continue discussions on the topic and will look at “a series of possibilities, ranging from actually seizing the assets to using them as collateral.”
Another major issue for this year’s meetings on the US side, Yellen said, will be ongoing conversations about Chinese industrial policy that poses a threat to US jobs and the global economy. She traveled to Guangzhou and Beijing earlier this month, to hold “difficult conversations” with counterparts over what she describes as China’s overcapacity in its wave of low-priced Chinese green tech exports that could overwhelm factories in the US and make it impossible to compete.
Yellen said she plans to meet later this week with her Chinese counterparts for a fourth meeting of the US-China Economic and Financial Working Groups, “to share information, identify potential areas of cooperation, and, when we disagree, frankly communicate concerns.”
US Treasury and China’s Ministry of Finance launched the economic working groups in an effort to ease tensions and deepen ties between the nations.

The children in Israel’s prisons
Ongoing hostage-for-prisoners exchange opens the world’s eyes to arrests, interrogations, and even abuse of Palestinian children by Israeli authorities



Russia accuses US of seeking to place weapons in space

Updated 3 sec ago

Russia accuses US of seeking to place weapons in space

MOSCOW: Russia on Tuesday said the United States was seeking to place weapons in space, the latest accusation in an ongoing row, that came a day after Washington vetoed a Russian non-proliferation motion at the United Nations.
“They have once again demonstrated that their true priorities in the area of outer space are aimed not at keeping space free from weapons of any kind, but at placing weapons in space and turning it into an arena for military confrontation,” Russia’s foreign ministry spokeswoman Maria Zakharova said in a statement.

India shuts schools as temperatures soar

Updated 47 min 49 sec ago

India shuts schools as temperatures soar

  • India’s weather bureau has warned of “severe heat wave conditions” this week
  • Sweltering heat has dipped voter turnout in India, where world’s largest election is underway

New Delhi: Indian authorities in the capital have ordered schools shut early for the summer holiday, after temperatures hit 47.4 degrees Celsius (117 degrees Fahrenheit) with Delhi gripped by a “severe heatwave.”

Delhi city officials asked schools to shut with “immediate effect” due to the blistering heat, according to a government order quoted by the Hindustan Times Tuesday, cutting short the term by a few days.

India’s weather bureau has warned of “severe heatwave conditions” this week, with the mercury reaching the sizzling peak of 47.4 degrees Celsius in Delhi’s Najafgarh suburb on Monday, the hottest temperature countrywide.

Authorities in other states — including Haryana, Madhya Pradesh, Punjab and Rajasthan — have also ordered schools close, Indian Today reported.

India is no stranger to searing summer temperatures.

But years of scientific research have found climate change is causing heatwaves to become longer, more frequent and more intense.

The Indian Meteorological Department warned of the impact of the heat on the health especially for infants, the elderly and those with chronic diseases.

In May 2022, parts of Delhi hit 49.2 degrees Celsius (120.5 Fahrenheit), Indian media reported at the time.

The next round of voting in India’s six-week-long election takes place on Saturday, including in Delhi.

Turnout in voting has dipped, with analysts suggesting the hotter-than-average weather is a factor — as well as the widespread expectation that Prime Minister Narendra Modi will easily win a third term.

India’s election commission has formed a task force to review the impact of heatwaves and humidity before each round of voting.

At the same time, India’s southern states including Tamil Nadu and Kerala have been lashed by heavy rains over the past few days.

Severe storms also hit parts of the country last week, including in the financial capital Mumbai, where strong winds flattened a giant billboard that killed 16 people and left dozens more trapped.

How cockroaches spread around the globe to become the pest we know today

Updated 21 May 2024

How cockroaches spread around the globe to become the pest we know today

  • Study confirms German cockroach species found worldwide actually originated in southeast Asia
  • Cockroaches may have stowed away with people to travel to Middle East, Europe, says study

DALLAS: They’re six-legged, hairy home invaders that just won’t die, no matter how hard you try.

Cockroaches are experts at surviving indoors, hiding in kitchen pipes or musty drawers. But they didn’t start out that way.

A new study uses genetics to chart cockroaches’ spread across the globe, from humble beginnings in southeast Asia to Europe and beyond. The findings span thousands of years of cockroach history and suggest the pests may have scuttled across the globe by hitching a ride with another species: people.

“It’s not just an insect story,” said Stephen Richards, an assistant professor at Baylor College of Medicine who studies insect genes and was not involved with the study. “It’s an insect and humanity story.”

Researchers analyzed the genes of over 280 cockroaches from 17 countries and six continents. They confirmed that the German cockroach — a species found worldwide — actually originated in southeast Asia, likely evolving from the Asian cockroach around 2,100 years ago. Scientists have long suspected the German cockroach’s Asian origins since similar species still live there.

The research was published Monday in the journal Proceedings of the National Academy of Sciences.

The cockroaches then globe-trotted via two major routes. They traveled west to the Middle East about 1,200 years ago, perhaps hitchhiking in soldiers’ breadbaskets. And they may have stowed away on Dutch and British East India Company trade routes to get to Europe about 270 years ago, according to scientists’ reconstruction and historical records.

Once they arrived, inventions like the steam engine and indoor plumbing likely helped the insects travel further and get cozy living indoors, where they are most commonly found today.

Researchers said exploring how cockroaches conquered past environments may lead to better pest control.

Modern-day cockroaches are tough to keep at bay because they evolve quickly to resist pesticides, according to study author Qian Tang, a postdoctoral researcher studying insects at Harvard University.

9 Egyptians go on trial in Greece over deadly shipwreck, as rights groups question process

Updated 21 May 2024

9 Egyptians go on trial in Greece over deadly shipwreck, as rights groups question process

  • International human rights groups argue the defendants’ right to a fair trial is being compromised as they face judgment before an investigation is concluded

KALAMATA: Nine Egyptian men go on trial in southern Greece on Tuesday, accused of causing a shipwreck that killed hundreds of migrants and sent shockwaves through the European Union’s border protection and asylum operations.
The defendants, most in their 20s, face up to life in prison if convicted on multiple criminal charges over the sinking of the “Adriana” fishing trawler on June 14 last year.
International human rights groups argue that their right to a fair trial is being compromised as they face judgment before an investigation is concluded into claims the Greek coast guard may have botched the rescue attempt.
More than 500 people are believed to have gone down with the fishing trawler, which had been traveling from Libya to Italy. Following the sinking, 104 people were rescued — mostly migrants from Syria, Pakistan and Egypt — and 82 bodies were recovered.
Early Tuesday, police in riot gear clashed with members of a small group of protesters gathered in front of the courthouse and detained two people.
United Nations Secretary General Antonio Guterres has described the shipwreck off the southern coast of Greece as “horrific.”
The sinking renewed pressure on European governments to protect the lives of migrants and asylum seekers trying to reach the continent, as the annual number of people traveling illegally across the Mediterranean continues to rise.
Lawyers from Greek human rights groups are representing the nine Egyptians, who deny the smuggling charges.
“There’s a real risk that these nine survivors could be found ‘guilty’ on the basis of incomplete and questionable evidence given that the official investigation into the role of the coast guard has not yet been completed,” said Judith Sunderland, an associate director for Europe and Central Asia at Human Rights Watch.
Authorities say the defendants were identified by other survivors and the indictments are based on their testimonies.
The European border protection agency Frontex says illegal border detections at EU frontiers increased for three consecutive years through 2023, reaching the highest level since the 2015-2016 migration crisis — driven largely by arrivals at the sea borders.

France begins its first war crime trial of Syrian officials

Updated 21 May 2024

France begins its first war crime trial of Syrian officials

  • The Paris Criminal Court will try the three officials for their role in the deaths of two French Syrian men

PARIS: The first trial in France of officials of the Syrian regime of Bashar Assad is to begin on Tuesday, with three top security officers to be tried in absentia for complicity in crimes against humanity and war crimes.
The Paris Criminal Court will try the three officials for their role in the deaths of two French Syrian men, Mazzen Dabbagh and his son Patrick, arrested in Damascus in 2013.
“For the first time, French courts will address the crimes of the Syrian authorities, and will try the most senior members of the authorities to ever be prosecuted since the outbreak of the Syrian revolution in March 2011,” said the International Federation for Human Rights (FIDH).
The war between Assad’s regime and armed opposition groups, including Daesh, erupted after the government repressed peaceful pro-democracy protests in 2011.
The conflict has killed more than half a million people, displaced millions, and ravaged Syria’s economy and infrastructure.
Trials into the abuses of the Syrian regime have taken place elsewhere in Europe, notably in Germany.
But in those cases, the people prosecuted held lower ranks and were present at the hearings.
Ali Mamlouk, former head of the National Security Bureau, Jamil Hassan, former director of the Air Force intelligence service, and Abdel Salam Mahmoud, former head of investigations for the service in Damascus, are subject to international arrest warrants and will be tried in absentia.
Scheduled to last four days, the hearings will be filmed.
War crimes
At the time of the arrest, Patrick Dabbagh was a 20-year-old student in his second year of arts and humanities at the University of Damascus. His father Mazzen worked as a senior education adviser at the French high school in Damascus.
The two were arrested in November 2013 by officers who claimed to belong to the Syrian Air Force intelligence service.
“Witness testimony confirms that Mazzen and Patrick Abdelkader were both taken to a detention center at Mezzeh Military Airport, which is run by Syrian Air Force Intelligence and notorious for the use of brutal torture,” the International Federation for Human Rights said, stressing that the pair were not involved in protests against the Assad regime.
They were declared dead in 2018. The family was formally notified that Patrick died on 21 January 2014. His father Mazzen died nearly four years later, on 25 November 2017.
In the committal order, the investigating judges said that it was “sufficiently established” that the two men “like thousands of detainees of the Air Force intelligence suffered torture of such intensity that they died.”
During the probe, French investigators and the Commission for International Justice and Accountability (CIJA), a non-governmental organization, collected accounts of torture and mistreatment at the Mezzeh prison, including the use of electric shocks and sexual violence, from dozens of witnesses including former detainees.
Lawyer Clemence Bectarte, who represents the Dabbagh family and the International Federation for Human Rights, said the trial was a new reminder that “under no circumstances” should relations with the Assad regime be normalized.
“We tend to forget that the regime’s crimes are still being committed today,” she said.