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Pressure mounts on Netanyahu as opposition moves to dissolve parliament

Pressure mounts on Netanyahu as opposition moves to dissolve parliament

Yahoo2 days ago

By Alexander Cornwell
TEL AVIV (Reuters) -A member of Israel's right-wing coalition threatened to quit the cabinet on Wednesday and support an opposition motion to dissolve parliament tabled for next week, piling pressure on Israeli Prime Minister Benjamin Netanyahu.
Latest opinion polls suggest that Netanyahu's coalition would lose power if an election was held today, with many voters unhappy over the continued war in Gaza prompted by the attack by Hamas militants on southern Israel in October 2023.
United Torah Judaism, one of two ultra-Orthodox parties in the coalition, said it would withdraw from the government unless it secured last-minute concessions formalising an exemption for ultra-Orthodox men from military service.
The opposition party Yesh Atid, led by former prime minister Yair Lapid, put forward a parliamentary vote for next week to topple the government, even as the Israeli army continues battling Hamas in the Gaza Strip. It would require the support of 61 out of the 120 members of the parliament to succeed.
"This Knesset (parliament) is finished. It has nowhere to go," Lapid said.
Netanyahu, Israel's longest-serving prime minister, has remained silent on the looming crisis.
A spokesperson for United Torah Judaism leader Yitzhak Goldknopf told Reuters the party would vote in favour of dissolving parliament unless exemption legislation was passed.
With a week until the vote, Netanyahu and his allies still have time to negotiate over an issue that has dogged the coalition for months.
A source close to the government said, on condition of anonymity, that negotiations within the coalition were continuing.
Netanyahu's coalition of secular right-wing and ultra-Orthodox parties holds an 8-seat majority in parliament. United Torah Judaism has 7 seats while its ally, Shas, the other ultra-Orthodox party, has 11.
BETTING ON A BLUFF
The coalition is sharply divided over whether young ultra-Orthodox men who are studying in religious seminaries should be exempt from mandatory military service.
Failing to pass an exemption risks a walkout by ultra-Orthodox lawmakers, while approving it could trigger a protest exit by secular parties.
Coalition member Ohad Tal of Bezalel Smotrich's Religious Zionism party criticized Goldknopf for threatening to trigger elections and called on the ultra-Orthodox lawmaker to resign.
He urged others to negotiate a new arrangement but that a blanket exemption from military service could no longer stand.
Former Knesset member Ofer Shelah said Netanyahu was likely betting the ultra-Orthodox lawmakers were bluffing, given the polls suggested they faced defeat in any early election.
In March, ultra-Orthodox lawmakers threatened to bring down the government over the same issue, but time passed without any action. Resentment over the informal exemption given to religious seminary students is growing and lawmakers from the ruling coalition and opposition ranks say it is no longer tenable.
Netanyahu won election in 2022 and does not have to return to the polls until 2026. Historically, few Israeli governments serve a full term.
He has faced widespread criticism for failing to prevent the surprise October 2023 Hamas attack that killed roughly 1,200 people, and is facing growing calls from protesters and families of hostages still held in Gaza to end the war to secure their release.
But some in his coalition say the war must continue until Hamas is eradicated.
Political analysts say that the ultra-Orthodox lawmakers could simply quit the government to protest their failure to secure concessions, without toppling the ruling coalition.

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Analysis-Shaken by crises, Switzerland fetters UBS's global dream
Analysis-Shaken by crises, Switzerland fetters UBS's global dream

Yahoo

time28 minutes ago

  • Yahoo

Analysis-Shaken by crises, Switzerland fetters UBS's global dream

By Ariane Luthi and John O'Donnell BERN (Reuters) -Switzerland announced reforms on Friday to make its biggest bank UBS safer and avoid another crisis, hampering the global ambitions of a lender whose financial weight eclipses the country's economy. UBS emerged as Switzerland's sole global bank more than two years ago after the government hastily arranged its rescue of scandal-hit Credit Suisse to prevent a disorderly collapse. The demise of Credit Suisse, one of the world's biggest banks, rattled global markets and blindsided officials and regulators, whose struggle to steer the lender as it lurched from one scandal to the next underscored their weakness. On Friday, speaking from the same podium where she had announced the Credit Suisse rescue in 2023 as finance minister, Switzerland's president Karin Keller-Sutter delivered a firm message. The country would not be wrongfooted again. "I don't believe that the competitiveness will be impaired, but it is true that growth abroad will become more expensive," Keller-Sutter said of UBS. "We've had two crises. 2008 and 2023," she said. "If you see something that is broken, you have to fix it." During the global financial crisis of 2008, UBS was hit by a losses in subprime debt, as a disastrous expansion into riskier investment banking forced it to write down tens of billions of dollars and ultimately turn to the state for help. Memories of that crisis also linger, reinforcing the government's resolve after the collapse of Credit Suisse. For UBS, which has a financial balance sheet of around $1.7 trillion, far bigger than the Swiss economy, the implications of the reforms proposed on Friday are clear. Switzerland no longer wants to back its international growth. "Bottom line: who is carrying the risk for growth abroad?" said Keller-Sutter. "The bank, its owners or the state?" The rules the government proposed demand that UBS in Switzerland holds more capital to cover risks in its foreign operations. That move, one of the most important steps taken by the Swiss in a series of otherwise piecemeal measures, will make UBS's businesses abroad more expensive to run for one of the globe's largest banks for millionaires and billionaires. Following publication of the reform plans, UBS Chairman Colm Kelleher and CEO Sergio Ermotti said in an internal memo that if fully implemented, they would undermine the bank's "global competitive footprint" and hurt the Swiss economy. STRATEGY The reform would require UBS to hold as much as $26 billion in extra capital. Some believe the demands may alter the bank's course. "It could be that UBS has to change its strategy of growth in the United States and Asia," said Andreas Venditti, an analyst at Vontobel. "It's not just growing. It makes the existing business more expensive. It is an incentive to get smaller and this will most likely happen." Credit Suisse's demise exploded the myth of invincibility of one of the wealthiest countries in the world, home to a global reserve currency, and proved as unworkable a central reform of the financial crisis to prevent state bailouts. For many in Switzerland, the government's reforms are long overdue. "The bank is bigger than the entire Swiss economy. It makes sense that it should not grow even bigger," said Andreas Missbach of Alliance Sud, a group that campaigns for transparency. "It is good that the government did not give in to lobbying by UBS. The question is whether it is enough. We have a banking crisis roughly every 12 years. So I'm not really put at ease." UBS CEO Ermotti had lobbied against the reforms, arguing that a heavy capital burden would put the bank on the back foot with rivals. The world's second-largest wealth manager after Morgan Stanley is dwarfed by its U.S. peer. Morgan Stanley shares value the firm at twice its book value, compared with UBS's 20% premium to book. On Friday, the bank reiterated this message, saying that it strongly disagreed with the "extreme" increase in capital. But others are sceptical that the government has done enough. Hans Gersbach, a professor at ETH Zurich, said there was still no proper plan to cope should UBS run into trouble. "The credibility of the too big to fail regime remains in question." (Additional reporting by Dave Graham and Oliver Hirt in Zurich; Writing By John O'Donnell; editing by David Evans) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

This Gaza Relief Effort Was Doomed to Fail
This Gaza Relief Effort Was Doomed to Fail

Atlantic

time40 minutes ago

  • Atlantic

This Gaza Relief Effort Was Doomed to Fail

The Gaza Humanitarian Foundation is presiding over an unmitigated disaster, and everything about the U.S.- and Israel-backed group's failure was entirely predictable. After lifting a blockade on relief supplies to the Gaza Strip, Israeli authorities tapped GHF, which is barely months old, as the principal aid-delivery system for starving Palestinian residents. Since its operations began last week, dozens of civilians have been killed by gunfire while seeking to access the food-distribution centers. At least twice this week, GHF suspended its relief efforts in an attempt to improve security. Whatever you think of Israel's conduct during its war against Hamas in Gaza, you should understand that its delivery system for aid was doomed to fail. Israeli authorities and GHF had no realistic plan for what the logistics industry calls 'the last mile'—the process of getting goods from a distribution center to the customer, so to speak. GHF was founded in February and is already on its second leader, a Trump-supporting evangelical Christian public-relations executive. Among the firms that Israel engaged to provide security for distribution sites in southern Gaza is Safe Reach Solutions, a firm led by a former CIA official and staffed by former U.S. military and security contractors that was formed only in January. GHF and SRS are both mysterious, controversial entities whose financial backing is unclear. The organization has defended its work, claiming in a statement yesterday that 'almost 8.5 million meals have been delivered so far—without incident.' GHF also said it is still scaling up. 'Our top priority remains protecting the safety and dignity of those receiving aid,' the statement continued, 'especially as we continue to serve as the only reliable provider of humanitarian assistance to the people of Gaza.' It's true that established aid agencies that have previously worked in Gaza's difficult conditions are not involved in the current effort. Israel cut ties with the UN Relief and Works Agency amid allegations that some of its staff had been involved with the October 7, 2023, terror attack by Hamas; the UN's World Food Program continues to work there but depleted all of its resources in late April. Israeli Prime Minister Benjamin Netanyahu has clashed with the International Committee of the Red Cross, which lost two of its personnel in an Israeli bombing in May. (The group's leader has called conditions in Gaza 'worse than hell.') World Central Kitchen, which lost seven people in an Israeli strike in Gaza in 2024, closed its soup kitchen in April because it could not deliver food there. With relief agencies either sidelined or unable to deliver resources because of Israel's blockade, Netanyahu then chose, with American backing, the new GHF. But its first leader resigned after a few weeks, citing a lack of 'humanitarian principles' in the Gaza relief effort. Julie Beck: It should not be controversial to plead for Gaza's children Perhaps to help solve logistical questions—and perhaps to add reputational gloss to its efforts—GHF hired the Boston Consulting Group. But after violence broke out, that company withdrew from the contract. Later that same day, GHF appointed its new executive chairman, Johnnie Moore, who insisted that his agency was 'demonstrating that it is possible to move vast quantities of food to people who need it most.' In all cases, an organization delivering goods must optimize distribution routes that align with the community it's delivering to. Israel's lack of trust for experienced relief groups doesn't justify ignoring what those operations learned about moving supplies. Many distribution systems rely on what are known as micro-fulfillment centers—local warehouses, delivery hubs, temporary facilities—to provide goods closer to where the community is. This is why, a few years ago, the COVID-vaccine-distribution efforts that drew so heavily on local doctors and pharmacies were prioritized over larger-scale efforts. Employing many small distribution sites promotes flexibility; the system can adapt to changes in demand. The GHF has provided only four distribution centers, presumably for security reasons, in all of Gaza, down from the 400 that the UN once managed; many Palestinians must now walk hours to have any hope of picking up a food package. No rational system of distribution, under any circumstances, would work this way. GHF increased the security risk by having fewer, not more, distribution sites. The organization also seemed unprepared when tens of thousands of people converged on those sites. Forgive the comparison, but American retail stores planning for Black Friday sales have come to understand—in some cases because of past tragedies at a ' crush point '—the need for information systems that collect data on where the demand is coming from and that help organizations meet that demand quickly. Surely Israel could have anticipated the sheer desperation of Gaza's Palestinians after it cut off relief efforts for months. Especially in hard circumstances, how the last mile will work must be clearly explained to those on the receiving end. In large-scale logistics efforts, the mechanics of how delivery will occur—who needs the information, when they need it, and through which communications channels it will be delivered—are all integral parts of the process. Whole systems of real-time tracking, delivery windows, and notifications are there for Israel to use, even against what it perceives as a hostile population. But information about food availability has been scarce by all accounts. Al Jazeera reported that some announcements last Sunday came from speakers mounted on military drones. The shortage of information led to a rush to the limited number of distribution sites. Business analogies only go so far. An aid site is not a Costco. Palestinian civilians are not retail customers. But perhaps if the Israeli government and its newly chosen relief entity had thought through any of the logistical matters that preoccupy established companies and experienced aid agencies alike, many more Palestinians would be receiving the food aid they badly need, faster and more safely.

Trump Changes Top Middle East General For Strong Iran Hawk
Trump Changes Top Middle East General For Strong Iran Hawk

Newsweek

timean hour ago

  • Newsweek

Trump Changes Top Middle East General For Strong Iran Hawk

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The U.S. has underlined the priority of maritime operations and integrated joint forces in the Middle East with the nomination of a naval officer as the region's top commander ahead of a potential confrontation with Iran over its nuclear program and other threats. President Donald Trump has nominated Vice Admiral Brad Cooper, currently the deputy commander of U.S. Central Command (CENTCOM), to be appointed to the rank of admiral and serve as its new commander. He has been a strong critic of Iran and supportive of Israel in the past. Only one Navy officer has previously commanded CENTCOM—Admiral William Fallon in 2007—while the role has traditionally been held by Army and Marine generals. Why It Matters Commanding U.S. operations in the Middle East is one of the military's critical roles amid ongoing tensions with Iran and with a fragile truce with the Yemeni Houthis, after the Iranian-backed group multiply targeted U.S. aircraft carriers in response to Trump's airstrike campaign launched in March. Trump has threatened to use military force against Iran if diplomacy fails to achieve a deal to curb its nuclear program. CENTCOM is further engaged in regional security efforts related to Gaza since the war that erupted following Hamas' 2023 October attack on Israel. Syria, Afghanistan, and Iraq remain key theaters for CENTCOM's anti-ISIS operations. What To Know If confirmed, Adm. Cooper will succeed commander General Michael Kurilla, who is due to retire this summer. Kurilla, with an army background, has also been strongly critical of Iran. Defense Secretary Pete Hegseth has endorsed Cooper over Army General James Mingus, the presumed frontrunner, shifting away from Biden administration preferences, The Washington Post reported in April. A fierce critic of Iran's activities in the Middle East, Cooper has repeatedly identified it as a threats to regional security, navigation, and stability. As commander of U.S. Naval Forces Central Command, he played a central role in Operation Prosperity Guardian, the U.S.-led multinational mission safeguarding Red Sea shipping lanes from Houthi missile and drone attacks from 2023. In 2024, he orchestrated the U.S. military's support for humanitarian aid to Gaza, through the establishment of a maritime corridor that boosted aid delivery without deploying troops on the ground, although it faced security challenges and quickly ended. Cooper had visited Israel in January to discuss U.S.-Israeli defense cooperation, according to the Israel Defense Forces (IDF). Cooper, a 1989 Naval Academy graduate, holds a master's in strategic Intelligence, studied international relations at Harvard and Tufts, and is a graduate of the Army Command and General Staff College. A recipient of the Admiral Elmo Zumwalt Award, he has led Navy ships and crews across key regions, served on the ground in Afghanistan, commanded U.S. naval forces in the Middle East for nearly three years, and led major Navy groups in the Atlantic, Japan, and Korea, including the USS Russell and USS Gettysburg. What People Are Saying Vice Adm. Brad Cooper said on CBS' 60 Minutes in 2024: "For a decade, the Iranians have been supplying the Houthis. They've been resupplying them. They're resupplying them as we sit here right now, at sea. We know this is happening. They're advising them, and they're providing target information. This is crystal clear." Pentagon's press release on Wednesday: "Secretary of Defense Pete Hegseth announced today that the President has made the following nominations: Navy Vice Adm. Charles B. Cooper II for appointment to the grade of admiral, with assignment as commander, U.S. Central Command." What Happens Next His appointment is pending approval by the Senate Armed Services Committee.

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