World Biz
World leaders urge restraint as Israel says it will respond to Iran’s attack
Israel’s military chief said Monday that the country will respond after Iran launched an attack involving hundreds of drones, ballistic missiles and cruise missiles. World leaders are urging Israel not to retaliate.
British Prime Minister Rishi Sunak says “all sides must show restraint” to avoid a rising spiral of violence in the Middle East. French President Emmanuel Macron said Paris will try to “convince Israel that we must not respond by escalating.”
The Iranian attack on Saturday marked the first time Iran has launched a direct military assault on Israel, despite decades of enmity dating back to the country’s 1979 Islamic Revolution. The attack happened less than two weeks after a suspected Israeli strike in Syria that killed two Iranian generals in an Iranian consular building.
An Israeli military spokesman said that 99% of the drones and missiles launched by Iran were intercepted.
Israel and Iran have been on a collision course throughout Israel’s six-month war against Hamas militants in the Gaza Strip. The war erupted after Hamas and Islamic Jihad, two militant groups backed by Iran, carried out a devastating cross-border 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 33,700 people, according to local health officials.
Israel’s military chief says the country will respond to Iran’s missile strike over the weekend.
Lt. Gen. Herzi Halevi said Monday that Israel is still considering its steps. But he said the Iranian strike of missiles and attack drones “will be met with a response.”
Halevi spoke during a visit to the Nevatim air base, which Israel says suffered light damage in the Iranian attack.
Prime Minister Benjamin Netanyahu has been huddling with top officials to discuss a possible response
Pro-Palestinian demonstrators blocked a freeway leading to three Chicago O’Hare International Airport terminals Monday morning, temporarily stopping vehicle traffic into one of the nation’s busiest airports and causing headaches for travelers.
Protesters linked arms and blocked lanes of Interstate 190 around 7 a.m., a demonstration they said was part of a global “economic blockade to free Palestine,” according to Rifqa Falaneh, one of the organizers. Similar demonstrations blocking a freeway in California’s Bay Area also took place Monday.
O’Hare warned travelers on the social platform X to take alternative forms of transportation with car travel “substantially delayed this morning due to protest activity.”
A United Nations Security Council meeting on Yemen on Monday touched on the risk of escalation after Iran’s attack on Israel.
Diplomats are calling this “a particularly dangerous moment in the Middle East,” as U.N. special envoy for Yemen Hans Grundberg said.
“The need for broader regional de-escalation is acute,” he added. “I share the secretary-general’s alarm about the very real danger of regionwide escalation and his urging to all parties for maximum restraint.”
A U.N. Security Council emergency meeting Sunday to discuss the attack ended without any action taken.
“Now is the time to defuse and de-escalate,” U.N. Secretary-General António Guterres said. “Now is the time for maximum restraint.”
British Prime Minister Rishi Sunak says “all sides must show restraint” to avoid a rising spiral of violence in the Middle East.
Sunak on Monday condemned Iran’s attack on Israel as “a reckless and dangerous escalation.” He said he would speak to Israeli Prime Minister Benjamin Netanyahu to express the U.K.’s solidarity with Israel “and to discuss how we can prevent further escalation.”
Britain is urging Israel to refrain from a retaliatory strike. Sunak told lawmakers in the House of Commons that “we want to see calmer heads prevail.”
He said Israel’s security is “non-negotiable,” but added that the conflict in Gaza must be brought to an end, and the world “must invest more deeply in the two-state solution.”
Iran had about 150 ballistic missiles capable of reaching Israel from Iranian territory, and appears to have used up most of that current stockpile in its weekend attack, retired Gen. Frank McKenzie, the former head of U.S. CENTCOM said Monday.
McKenzie discussed the attack in a panel discussion with the Jewish Institute for National Security of America, a Washington-based think tank and lobbying group.
McKenzie argued that Iran’s expenditure of those 150 long-range missiles, out of a total ballistic missile stockpile of about 3,000, showed that Iran’s barrage on Israel “was a maximum effort. It was an indiscriminate effort.”
The U.S. and its partners in the region are easily able to track when Iran brings its ballistic missiles out of storage and positions them on launch pads, he said.
When Iran launches, deep space sensors detect that immediately, he said. Radars in the region then catch when any missiles break the radar plane, he said.
Especially given the distance involved, “it is hard for Iran to generate a bolt from the blue against Israel,” McKenzie said.
The Kremlin is “extremely concerned” about the situation in the Middle East, its spokesman said Monday.
Dmitry Peskov told his daily conference call with reporters that Moscow urges “all countries in the region to show restraint.”
“Further escalation is in no one’s interests. Therefore, of course, we advocate that all disagreements be resolved exclusively by political and diplomatic methods,” Peskov said.
AUSTRIAN FOREIGN MINISTER CONDEMNS IRAN’S ATTACK
Austria’s foreign minister has spoken with his Iranian counterpart to condemn Tehran’s attack on Israel and call on Iran to rein in its proxies in the Middle East.
Alexander Schallenberg said in a statement he told Iran’s Hossein Amirabdollahian on Monday that “we cannot afford another front in the Middle East. There would only be losers, in the region and beyond.”
Schallenberg said he also urged Amirabdollahian to “exercise Iran’s influence on proxies in the region.”
Austria hosted talks on Iran’s nuclear agreement with world powers in 2015.
Amirabdollahian already spoke on Sunday with German Foreign Minister Annalena Baerbock. A spokesperson for Baerbock, Christian Wagner, said Iran’s ambassador to Germany was summoned to the Foreign Ministry in Berlin on Monday.
OIL PRICES FALL AFTER IRAN’S STRIKE ON ISRAEL IS THWARTED
Oil prices fell Monday after Iran’s missile and drone strike failed to cause widespread damage in Israel and the U.S. administration made it clear it did not support a wider war with Iran.
Analysts say the chief risk to oil prices from the Israel-Hamas war is if the conflict escalates and disrupts oil supplies from Iran and Persian Gulf producers through the Strait of Hormuz choke point.
The stance taken by Iran, which said the matter “can be deemed concluded” with the retaliatory strikes, and the U.S. position reassured oil traders, who sent the price of international benchmark Brent crude 0.7% lower to $89.82 per barrel in Monday morning trading. That is below the levels just above $90 per barrel seen on Friday before the weekend attacks.
Risks that could send prices higher include any Israeli strike against Iranian oil facilities or tougher enforcement of sanctions against Iran by the U.S. “Any retaliation by Israel … especially one that targets Iran’s oil facilities, will have major implications for energy markets,” said analysts at S&P Global.
Tougher sanctions enforcement against Iranian oil shipments by the U.S. could raise oil prices but would risk higher inflation and pump prices for U.S. motorists in an election year.
4 ISRAELI SOLDIERS WOUNDED IN A BLAST ALONG THE BORDER WITH LEBANON
The Israeli military says four soldiers were wounded by an explosion along the northern border with Lebanon.
The military said that the source of the explosion, which occurred overnight, was still unclear. It left one soldier severely wounded, two moderately wounded, and one with light injuries.
The Iran-backed Lebanese militant group Hezbollah said Monday that mines they set up in southern Lebanon near the border detonated after Israeli ground troops encroached on Lebanese territory, incurring casualties.
The incident comes as tensions in the region soared after an Iranian air assault was thwarted by Israel and its allies. Israel has not said whether it will respond.
Since the outbreak of the Israel-Hamas war in Gaza on Oct. 7, concerns have grown that near-daily clashes along the border between Israel and Hezbollah could escalate into a full-scale war.
GERMAN CHANCELLOR CALLS ON ISRAEL TO CONTRIBUTE TO DE-ESCALATION
German Chancellor Olaf Scholz is calling on Israel to “contribute to de-escalation” in the Middle East following Iran’s attack on the country.
Scholz told reporters in Shanghai on Monday that “Iran must stop this aggression.”
Asked whether he will attempt to dissuade Israeli Prime Minister Benjamin Netanyahu from a military response to Saturday night’s attack, he said there’s widespread agreement that Israel’s success in largely repelling the attack with allies’ help was “really impressive.”
He added that “this is a success that perhaps also should not be thrown away. Hence also our advice to contribute to de-escalation themselves.”
Germany is a staunch ally of Israel.
AFRICAN GOVERNMENTS URGE ISRAEL, IRAN TO AVOID ESCALATION
Some African governments are urging Israel and Iran to avoid an escalation of the conflict.
While Iran’s attack on Israel “represents a real and present threat to international peace and security,” Israel should “show utmost restraint” in its response, President William Ruto of Kenya said in a statement posted on social platform X.
The warring parties “must exercise the utmost restraint and avoid any act that would escalate tensions in a particularly fragile region,” South Africa’s government said in a statement Sunday.
Nigeria’s Foreign Ministry urged Israel and Iran to “reflect on the universal commitment to peaceful resolution of conflicts.”
GAZA HEALTH MINISTRY REPORTS 68 DEAD IN LAST 24 HOURS
The Health Ministry in Gaza on Monday said the bodies of 68 people killed in Israel’s bombardment have been brought to hospitals in the past 24 hours. Another 94 were wounded, it said.
The fresh fatalities brought the death toll in the strip to 33,797 since the war began on Oct. 7, it said. The ministry doesn’t differentiate between civilians and combatants, but said two thirds of the dead are children and women.
Another 76,456 were wounded in the war, the ministry said.
The ministry said many casualties remain under the rubble and first responders have been unable to retrieve them amid the relentless bombing.
Israel launched its war on Hamas after the militant group’s complex attack on southern Israel on Oct. 7. Israeli authorities say 1,200 people, mostly civilians, were killed and roughly 250 people taken hostage in the attack. Israel says it has killed 12,000 militants in its offensive, without providing evidence.
ISRAELI MILITARY WARNS PALESTINIANS NOT TO RETURN TO NORTHERN GAZA
The Israeli military renewed warnings on Monday for Palestinians in Gaza not to return to the embattled territory’s north, a day after five people were killed trying to reach their homes in the war-torn area.
The military said Palestinians should stay in southern Gaza where they have been told to shelter because the north is a “dangerous combat zone,” Israeli military spokesman Avichay Adraee wrote on social platform X.
On Sunday, hundreds of Palestinians sheltering in central Gaza headed north in an attempt to return to their homes. Throngs of people were seen crowding a seaside road.
Hospital authorities in Gaza said five people were shot by Israeli forces while trying to head north. The Israeli military had no immediate comment and the precise circumstances behind the deaths were not immediately clear.
The returnees said they were prompted to make the journey north because they were fed up with the difficult conditions they are forced to live under while displaced.
Northern Gaza was an early target in Israel’s war against Hamas, which it launched in response to the militant group’s deadly Oct. 7 attack. The military is still operating in the north in a bid to stamp out militants that have regrouped.
Vast parts of northern Gaza have been flattened by Israel’s offensive and much of its population displaced.
BRITISH FOREIGN SECRETARY URGES ISRAEL TO AVOID STRIKING BACK AT IRAN
British Foreign Secretary David Cameron has urged Israel “to be smart as well as tough” and avoid striking back at Iran in response to its drone and missile barrage.
Cameron told the BBC that the U.K. does not support a retaliatory strike. The U.K.’s top diplomat said the attack had been a defeat for Iran and echoed President Joe Biden, who urged Israel to “take the win.”
Cameron said Britain’s message to Israel is: “Now is the time to be smart as well as tough, to think with head as well as heart.”
He said British fighter jets had played an “important part” in shooting down some of the more than 300 ballistic missiles, cruise missiles and drones fired at Israel from Iran, but did not provide details.
MACRON SAYS IRAN’S ATTACK ON ISRAEL WAS A ‘DISPROPORTIONATE RESPONSE’
French President Emmanuel Macron said Iran’s attack on Israel was a “disproportionate response” to the bombing of its consulate in the Syrian capital, Damascus. Firing a barrage of missiles and drones on Israel was an “unprecedented, very dangerous” act in the volatile Middle East, Macron said of Saturday’s attacks.
Speaking to French media BFMTV and RMC on Monday, Macron said that France had carried out “interceptions” of missiles that Iran aimed at Israel at the request of Jordan.
“We have condemned, we have intervened, we will do everything to avoid an escalation, an inferno,” Macron said.
He said France will try to “convince Israel that we must not respond by escalating.”
Instead of retaliating by attacking Tehran, France will work to “isolate Iran, increase sanctions and find a path to peace in the region,” Macron said.
GERMAN FM TELLS IRANIAN COUNTERPART NOT TO FURTHER ESCALATE TENSIONS
Germany’s foreign minister says she has made “unmistakably” clear to her Iranian counterpart that Tehran must not further escalate tensions in the Middle East.
Annalena Baerbock spoke by phone Sunday with Iranian Foreign Minister Hossein Amirabdollahian, following a previous conversation last week before Iran’s attack on Israel. She said she “warned him unmistakably against a further escalation.”
She said at a news conference in Paris on Monday that “Iran is isolated.” She added that “Israel won in a defensive way” thanks to its strong air defense and the intervention of the U.S., Britain and Arab countries.
Baerbock said that “it is now important to secure this defensive victory diplomatically” and prevent a regional confrontation.
Asked whether Israel has the right to strike back against Iran, Baerbock said that “the right to self-defense means fending off an attack; retaliation is not a category in international law.” She said she had made that point to Amirabdollahian last week.
Economy
Biden Pledges US Support to Yunus-Led Interim Government in Historic Meeting
US President Joe Biden has expressed his nation’s full backing for Bangladesh and the interim government led by Muhammad Yunus during a bilateral meeting held on the sidelines of the United Nations General Assembly (UNGA) in New York. This marks the first time in Bangladesh’s history that a US president has met with the country’s head of government at a UNGA session, as confirmed by a statement from the Chief Adviser’s Office.
In this unprecedented encounter, Chief Adviser Prof Yunus briefed President Biden on the significant sacrifices made by students who fought against the previous government, leading to the opportunity to rebuild the country. Prof Yunus underscored the importance of succeeding in this national rebuilding effort, calling for US cooperation in the process.
President Biden praised the students’ dedication, stating that their sacrifice calls for further commitment from all, including the US. During the meeting, Prof Yunus presented Biden with a copy of The Art of Triumph, a book featuring wall paintings by students and young revolutionaries.
Prof Yunus, on his first visit to the US as head of Bangladesh’s government, is attending the 79th UNGA, which runs from September 19 to 30. The theme of this year’s debate is “Leaving no one behind: acting together for the advancement of peace, sustainable development, and human dignity for present and future generations.”
Rare Diplomatic Meeting Signals Strengthened US-Bangladesh Ties
Speaking on the significance of the meeting, Chief Adviser’s Press Secretary Shafiqul Alam highlighted the rarity of such an engagement, noting that the US and Bangladesh already enjoy strong relations. “This meeting elevates our relationship to a new level,” Alam stated, as reported by local media.
Observers suggest that the bilateral meeting, which is uncommon for US presidents during the UNGA, signals Washington’s intention to support Bangladesh through its transitional period. Dhaka is hopeful that the encounter will lead to a new strategic partnership that enhances cooperation on multiple fronts.
Yunus Receives Warm Reception from Global Leaders
Earlier in the day, Chief Adviser Muhammad Yunus was welcomed by several world leaders at a reception hosted by UN Secretary-General Antonio Guterres. Held at the North Delegate Lounge in the UN headquarters, the event served to greet the leaders participating in the 79th session of the UNGA.
During the reception, Yunus exchanged greetings with Brazilian President Luiz Inacio Lula da Silva, Mauritian President Prithvirajsingh Roopun, and UN High Commissioner for Human Rights Volker Turk, among others.
Yunus Meets Canadian Prime Minister Trudeau
On the sidelines of the UNGA, Chief Adviser Yunus also met with Canadian Prime Minister Justin Trudeau. The two leaders discussed ways to enhance Bangladesh-Canada relations, focusing on fostering freedom, institution-building, and youth development in Bangladesh.
Prime Minister Trudeau commended Prof Yunus for taking on the leadership role and reiterated Canada’s willingness to support Bangladesh in strengthening its institutions. Prof Yunus, in turn, praised Canada for its enduring friendship and requested increased visa allocations for Bangladeshi students.
The chief adviser also gifted Trudeau The Art of Triumph, further highlighting the contributions of young revolutionaries. In addition to Trudeau, Yunus is scheduled to meet with the managing director of the IMF, the Italian prime minister, and will speak at the Clinton Global Initiative and Friends of Bangladesh events.
World Biz
Environmental groups urge EU ‘high risk’ label for Sarawak
Environmental and rights groups urged the European Union Tuesday to label Malaysia’s Sarawak region “high risk” under controversial new anti-deforestation rules to be implemented from the end of December.
The EU’s deforestation regulation (EUDR) is due to come into force at the end of the year, although Germany and Brazil have recently joined a string of countries urging that implementation be delayed.
Environmentalists and rights groups have, however, called on the EU to move forward with the regulation.
It will bar imports of a vast range of goods — from coffee to cocoa, soy, timber, palm oil, cattle, printing paper and rubber — if they are produced on land that was deforested after December 2020.
It also requires exporters to assess the risk of rights violations associated with production of the commodity.
In a joint statement, a group of Malaysian and international organisations said Sarawak in Malaysian Borneo should be considered “high risk” under the new rules.
Such a designation would mean closer scrutiny of timber and palm oil imported from the region — an unwelcome prospect for Malaysia, which is already pushing back against EUDR.
The NGOs argue Sarawak’s government plans to convert hundreds of thousands of hectares of natural forest to timber plantations, and is granting companies operating leases in areas that have not been surveyed for protection purposes.
Earlier this year RimbaWatch, one of the signatory groups, warned that around 15 percent of Malaysia’s natural forest is at risk because of concessions granted to companies.
Tuesday’s statement also alleges routine violations of Indigenous land rights, including limits on the amount of land that can be legally recognised, and the unilateral revocation of existing land titles.
“Logging companies are still bulldozing Indigenous peoples’ forests in Sarawak without consultation or consent from communities, which should translate into a ‘high risk’ classification,” said Celine Lim, managing director of SAVE Rivers, an Indigenous organisation from Sarawak.
– Vocal opponents –
Sarawak’s forestry department, and Malaysia’s plantation and commodities ministry did not respond to AFP’s request for comment on the claims.
Malaysia and Indonesia have been among the most vocal opponents of EUDR, arguing domestic anti-deforestation standards should be sufficient, and warning the rules will disproportionately harm smallholder producers who cannot meet onerous documentation requirements.
Environmental and rights groups have pushed back against these claims, including at talks in Brussels earlier this month between EU, Indonesian and Malaysian officials.
“Calls from EU governments to delay enforcement of the law are a deplorable abdication of leadership in the face of a climate emergency,” said Luciana Tellez Chavez, senior
environment and human rights researcher at Human Rights Watch.
World Biz
Marxist Dissanayake wins Sri Lanka’s presidential election as voters reject old guard
Marxist lawmaker Anura Kumara Dissanayake won Sri Lanka’s presidential election, the Election Commission announced Sunday, after voters rejected the old political guard that has been widely accused of pushing the South Asian nation toward economic ruin.
Dissanayake, whose pro-working class and anti-political elite campaigning made him popular among youth, secured victory over opposition leader Sajith Premadasa and incumbent liberal President Ranil Wickremesinghe, who took over the country two years ago after its economy hit bottom.
Dissanayake received 5,740,179 votes, followed by Premadasa with 4,530,902, Election Commission data showed.
The election held Saturday was crucial as the country seeks to recover from the worst economic crisis in its history and the resulting political upheaval.
“This achievement is not the result of any single person’s work, but the collective effort of hundreds of thousands of you. Your commitment has brought us this far, and for that, I am deeply grateful. This victory belongs to all of us,” Dissanayake said in a post on X.
The election was a virtual referendum on Wickremesinghe’s leadership of a fragile recovery, including restructuring Sri Lanka’s debt under an International Monetary Fund bailout program after it defaulted in 2022.
Dissanayake, 55, had said he would renegotiate the IMF deal to make austerity measures more bearable. Wickremesinghe had warned that any move to alter the basics of the agreement could delay the release of a fourth tranche of nearly $3 billion that is crucial to maintaining stability.
Neither candidate received more than 50% of the vote. Under the Sri Lankan election system that allows voters to select three candidates in the order of their preference, the top two are retained and the ballots of the eliminated candidates are checked for preferences given to either of the top two vote-getters. The one with the highest number of votes is declared the winner.
It was a strong showing for Dissanayake, who won just over 3% of votes in a previous presidential election in 2019, and suggests voters are fatigued with the old guard.
Dissanayake’s National People’s Power coalition is led by the Janatha Vimukthi Peramuna, or People’s Liberation Front, a Marxist party that waged two unsuccessful armed insurrections in 1970s and 1980s to capture power through socialist revolution. After its defeat, the JVP entered democratic politics in 1994 and mostly played a key role in the opposition. However, they have supported several presidents and been part of governments briefly.
The NPP grouping also includes academics, civil society movements, artists, lawyers and students.
Dissanayake was first elected to Parliament in 2000 and briefly held the portfolio of agriculture and irrigation minister under then-President Chandrika Kumaratunga. He ran for president for the first time in 2019 and lost to Gotabaya Rajapaksa, who was ousted in a public protest over the economic crisis two years later.
Political analyst Jehan Perera said Dissanayake represented the spirit of the 2022 uprising during which angry Sri Lankans ousted Rajapaksa and called for a “system change” and “new faces in politics.”
Dissanayake’s immediate challenge would be to steady the economy “in the face of anxieties felt by business and financial groups about his Marxist and revolutionary background,” Perera said.
Wickremesinghe’s Foreign Minister Ali Sabry congratulated Dissanayake and said he hopes he will “lead with a commitment to transparency, integrity, and the long-term good of the country.”
The government announced Thursday that it passed the final hurdle in debt restructuring by reaching an agreement in principle with private bond holders. At the time of its default, Sri Lanka’s local and foreign debt totaled $83 billion. The government says it has now restructured more than $17 billion.
Despite a significant improvement in key economic figures, Sri Lankans are struggling with high taxes and living costs.
Sri Lanka’s economic crisis resulted largely from excessive borrowing on projects that did not generate revenue. The impact of the COVID-19 pandemic and the government’s insistence on using scarce foreign reserves to prop up the currency, the rupee, contributed to the economy’s free fall.
The economic collapse brought a severe shortage of essentials such as medicine, food, cooking gas and fuel, with people spending days waiting in line to obtain them. It led to rioting in which protesters took over key buildings including the president’s house, his office and the prime minister’s office, forcing Rajapaksa to flee the country and resign.
The outgoing President Wickremesinghe was elected by a parliamentary vote in July 2022 to cover the remainder of Rajapaksa’s five-year term.