Dutch royals and NATO leaders pose for group photo at alliance's summit in The Hague
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Yahoo
4 minutes ago
- Yahoo
Joly: Visits to Saab, Lockheed 'normal' part of her job amid F-35 review
OTTAWA — Industry Minister Mélanie Joly says Canadians shouldn't read too much into her visit to a Swedish defence manufacturer that comes right in the middle of a major government review of the F-35 fighter jet procurement. Joly says she visited Saab's facilities in Sweden this week and was shown the Gripen-E jet, which is one of the possible contenders to replace the controversial U.S.-made F-35 fighter jet. Prime Minister Mark Carney ordered the review shortly after he became prime minister in March, as Canada sought tighter security and defence ties with Europe in response to U.S. President Donald Trump's trade war. The review is to be completed by the end of the summer and Joly says her role in it is to ensure the Canadian government understands all its options and what the industrial benefits to Canada would be in its final decision. Joly says this is a "normal" part of her job, and that she will also be meeting with Lockheed Martin, which makes the F-35, in the coming weeks. Joly is wrapping up a trip to Sweden and Finland with Secretary of State for Defence Stephen Fuhr, which was focused on strengthening defence-industrial ties in Europe. This report by The Canadian Press was first published Aug. 20, 2025. Kyle Duggan, The Canadian Press Sign in to access your portfolio
San Francisco Chronicle
6 minutes ago
- San Francisco Chronicle
US sanctions more ICC judges, prosecutors for probes into alleged American, Israeli war crimes
WASHINGTON (AP) — The Trump administration is ramping up pressure on the International Criminal Court for pursuing investigations into U.S. and Israeli officials for alleged war crimes. The State Department on Wednesday announced new sanctions on four ICC officials, including two judges and two prosecutors, who it said had been instrumental in efforts to prosecute Americans and Israelis. As a result of the sanctions, any assets the targets hold in U.S. jurisdictions are frozen. The sanctions are just the latest in a series of steps the administration has taken against The Hague-based court, the world's first international war crimes tribunal. The U.S. has already imposed penalties on the ICC's former chief prosecutor, Karim Khan, who stepped aside in May pending an investigation into alleged sexual misconduct, and four other tribunal judges. In a statement, Secretary of State Marco Rubio said he had taken action against ICC judges Kimberly Proust of Canada and Nicolas Guillou of France and prosecutors Nazhat Shameem Khan of Fiji and Mame Mandiaye Niang of Senegal. 'These individuals are foreign persons who directly engaged in efforts by the International Criminal Court to investigate, arrest, detain, or prosecute nationals of the United States or Israel, without the consent of either nation,' Rubio said. He added that the administration would continue 'to take whatever actions we deem necessary to protect our troops, our sovereignty, and our allies from the ICC's illegitimate and baseless actions.' In a separate statement, the State Department said Prost was hit for ruling to authorize an ICC investigation into U.S. personnel in Afghanistan, which was later dropped. Guillou was sanctioned for ruling to authorize the ICC's issuance of arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Minister of Defense Yoav Gallant related to Israel's war against Hamas in Gaza. Khan and Niang were penalized for continuing Karim Khan's investigation into Israel's actions in Gaza, including upholding the ICC's arrest warrants for Netanyahu and Gallant, according to the statement.
Yahoo
7 minutes ago
- Yahoo
China to reportedly launch stablecoins to challenge dollar dominance
China to reportedly launch stablecoins to challenge dollar dominance originally appeared on TheStreet. China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per the latest Reuters report. The step would mark a major reversal in the country's crypto policy, which has so far resisted embracing the crypto ecosystem. The decision is part of its strategy to boost the global adoption of its national currency, sources familiar with the matter told the publication. A stablecoin is a type of cryptocurrency that tries to keep its price stable by being pegged to a fiat currency like the U.S. dollar or a commodity like gold. China's cabinet could review and approve the stablecoin roadmap later this month so that the yuan's global usage grows and it can potentially catch up with the U.S. administration's push for stablecoins, Reuters said by citing sources. As per one Reuters source, senior Chinese leadership is expected to meet for a study session by the end of August, which will focus on the yuan's global adoption and stablecoins. Senior leaders are expected to guide stablecoin usage and set clear rules for its role in business, as per the source. China wants to challenge dollar's dominance While China has been apprehensive of the global crypto economy and has banned it in the mainland, its desire for the yuan to challenge the likes of the USD as the standard global currency is pushing the dragon toward stablecoins. With President Donald Trump signing the GENIUS Act to drive the global growth of USD-pegged stablecoins, the U.S. is a leader when it comes to stablecoins, and it will be quite a challenge for China to catch sources, Reuters also reported that China is expected to potentially discuss the usage of stablecoins for cross-border trade and payments with some countries at the Shanghai Cooperation Organisation (SCO) Summit to be held Aug. 31-Sep. 1 in Tianjin. Hong Kong and Shanghai will be the main centers to streamline the implementation of the stablecoin plan. As per DeFiLlama, the total stablecoin market is worth more than $275 billion at the time of writing, and the USD-pegged stablecoins dominate the market. China to reportedly launch stablecoins to challenge dollar dominance first appeared on TheStreet on Aug 20, 2025 This story was originally reported by TheStreet on Aug 20, 2025, where it first appeared.
