
Macron slams disaster waiting to happen in Gaza, wants UN mission
Last week, Israel's security cabinet approved a plan to take control of Gaza City, in a move that expanded its military operations in the shattered Palestinian territory and drew strong criticism at home and abroad.
"The Israeli cabinet's announcement of an expansion of its operations in Gaza City and the Mawasi camps and for a re-occupation heralds a disaster of unprecedented gravity waiting to happen and of a drift towards a never-ending war," said Macron, in remarks sent by his office to reporters.
"The Israeli hostages and the people of Gaza will continue to be the primary victims of this strategy," added Macron.
Israeli Prime Minister Benjamin Netanyahu's office did not immediately return a request for comment. Responding to international criticism in a press conference on Sunday, he said Israel is "applying force judiciously".
By proposing a U.N.-mandated mission in Gaza, Macron is seeking to build on the momentum created by his recognition of a Palestinian state last month, which set off a domino of recognitions, with Britain and Canada following suit.
Macron said the U.N. mission would be tasked with securing the Gaza Strip, protecting civilians and working in support of unspecified Palestinian governance. He said the U.N. Security Council should work on establishing the mission.
"I have asked my teams to work on that with our partners without delay," he added.
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The Guardian
2 hours ago
- The Guardian
Australia news live: Macron welcomes Albanese's move to recognise Palestine as Israeli president calls it a ‘grave and dangerous mistake'
Update: Date: 2025-08-11T21:11:47.000Z Title: Good morning Content: and welcome to the live blog. It's Nick Visser here to take you through the day's news. Here's what's on deck: The French president, Emmanuel Macron, welcomed Australia's decision to recognise a Palestinian state. Macron wrote on social media Anthony Albanese's announcement joined 'the momentum we created in New York, which has already been supported by the United Kingdom, Canada, Portugal, and others'. Israel's president, Isaac Herzog, maintained Australia's decision would only reward Hamas and in no way help the Palestinian people. Herzog said 'these declarations, by Australia and other countries, are a reward for terror, a prize for the enemies of freedom, liberty, and democracy. This is a grave and dangerous mistake'. It's RBA day for mortgage holders and savers. The Reserve Bank is set to hand down its decision on interest rates around 2.30pm Sydney time. Let's get to it.


Reuters
2 hours ago
- Reuters
TRADING DAY Tariffs, CPI nerves soften sentiment
ORLANDO, Florida, Aug 11 (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World markets got the week off to a subdued start on Monday, although the Nasdaq nudged a new high, as a light earnings and data calendar allowed investors to digest the latest tariff-related news and look ahead to Tuesday's U.S. inflation figures. More on that below. In my column today I look at the blizzard of U.S. labor market data - often conflicting, sometimes distorted - and ask which number best shines a light through the fog. Could it now be continuing jobless claims? If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. Today's Key Market Moves Tariffs, CPI nerves soften sentiment Wall Street closed lower on Monday, even as the Nasdaq touched fresh highs, with the latest news related to U.S. President Donald Trump's tariff war generally sapping risk appetite rather than strengthening it. Trump signed an executive order on Monday extending the China tariff deadline for another 90 days, with only hours to go before U.S. tariffs on Chinese goods were due to snap back to triple-digit rates. This came after a U.S. official told Reuters over the weekend that chip companies Nvidia and Advanced Micro Devices have agreed to give the U.S. government 15% of revenue from sales of advanced chips to China. The news was surprising and confusing. "It's wild," said Geoff Gertz, a senior fellow at Center for New American Security, an independent think tank in Washington, D.C. "Either selling H20 chips to China is a national security risk, in which case we shouldn't be doing it to begin with, or it's not a national security risk, in which case, why are we putting this extra penalty on the sale?" A rise for Nvidia shares this week would mark a record-breaking 12 consecutive weekly gains. The stock now accounts for 8% of the entire S&P 500 market cap, the biggest weight of any individual stock in the wider index since the data began in 1981, according to Apollo's Torsten Slok. The so-called "Magnificent Seven" megacap stocks, of which Nvidia is one, now account for a record 35.3% of the S&P 500's total market cap. The top 10 stocks make up a record 40% of the index's market cap. This concentration risk is nothing new, of course, but the steady advance deeper into uncharted territory is bound to unnerve some investors. Meanwhile, U.S.-Brazil relations show no sign of improving. Brazil's Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent scheduled for later this week has been canceled, a blow to Brasilia as it attempts to get the 50% tariff on many Brazilian exports to the U.S. reduced. Speculation continues to swirl around who Trump will nominate to replace Fed chair Jerome Powell, whose term officially ends next May. As of Monday, no fewer than eight names appear to be under consideration, according to media reports. The main economic indicators on Monday were from China, which showed producer prices fell more than expected in July and no change in consumer prices. Deflation still stalks China, in contrast to the U.S. where tariffs are putting upward pressure on prices. Attention on Tuesday turns to Australia, where the central bank is expected to reduce its cash rate by a quarter point to 3.60%, and then to CPI inflation figures for July from the U.S. Which data point may shine light through U.S. jobs fog? Amid a blizzard of contradictory signals, it's becoming increasingly difficult to get any visibility on the U.S. labor market. But of all the numbers that feed into the all-important unemployment rate, the one worth paying most attention to may be continuing weekly jobless claims. Federal Reserve Chair Jerome Powell has said that while he and his colleagues look at the "totality" of the data, the best gauge of the health of the labor market is the unemployment rate. That's currently 4.2%, low by historical standards, and consistent with an economy operating at full employment. But it is a lagging indicator, meaning that once it starts to rise sharply, the economy will probably already be in a very precarious position. And it is also being depressed by labor demand and supply factors unique to the U.S.'s current high tariff, low immigration era. Economic growth is slowing. Broadly speaking, it is running at an annual rate of just over 1%, half the pace seen in the last few years. Unsurprisingly, firms' hiring is slowing too. The latest Job Openings and Labor Turnover Survey, or JOLTS, showed hiring in June was the weakest in a year, while July's nonfarm payrolls report and previous months' revisions were so disappointing that President Donald Trump fired the head of the agency responsible for collecting the data. But the unemployment rate isn't rising, largely because firms aren't firing workers. Why? Perhaps because they are banking on tariff and inflation uncertainty lifting in the second half of the year. It's also possible that firms are still scared from the post-pandemic labor shortages. Whatever the reason, the pace of layoffs simply has not picked up, the monthly JOLTS surveys show. Layoffs in June totaled 1.6 million, below the averages of the last one, two and three years. Meanwhile, lower immigration, increased deportations, and fewer people re-entering the labor force are offsetting weak hiring, thus keeping a lid on the unemployment rate. The labor force participation rate in July was 62.2%, the lowest since November 2022. And what about weekly jobless claims, another key variable in the labor market picture? In previous slowdowns, rising layoffs would be reflected in a spike in the number of people claiming unemployment benefits for the first time. That's not happening either. Last week's 226,000 initial claims were right at the average for the past year, and only a few thousand higher than the averages over the past two and three years. "It's a low fire, low hire economy," notes Oscar Munoz, U.S. rates strategist at TD Securities. One high-frequency number that has gone under the radar, but which merits more attention is continuing jobless claims, which measures the number of workers continuing to file for unemployment benefits after losing their jobs. Rising continued claims suggest people actively looking for a job are struggling to get one, a sign that the labor market could be softening. That figure spiked last week to 1.97 million, the highest since November 2021, which in theory should put upward pressure on the unemployment rate. Using the 'stock' versus 'flow' analogy, continuing claims are the 'stock,' and weekly claims are the 'flow'. Everyone will have their own view on what's more important, but right now initial claims are offering no guidance while continuing claims are pointing to softening in the job market. Fed officials are on alert, but what would move them to cut rates? Munoz and his colleagues at TD Securities estimate that continuing claims of around 2.2 million would be consistent with an unemployment rate of 4.5%, a level of joblessness most economists agree would prompt the Fed to trim rates. That's also the year-end unemployment rate in the Fed's last economic projections from June, a set of forecasts which also penciled in 50 bps of easing by December. An unemployment rate of 4.4% would probably tip the balance on the Federal Open Market Committee, while 4.3% would make it a much closer call, perhaps a coin toss. Further muddying the picture, other indicators suggest the labor market is ticking along nicely. July's payrolls report showed that average hourly earnings last month rose at a 3.9% annual rate, consistent with the level seen in the past year. And the average number of hours worked was 34.3 hours, right at the mean for the past two years. These numbers and the JOLTS data are released monthly, and there will be one more of each before the Fed's September 16-17 policy meeting. But if the increased focus on the unemployment rate means investors want a more regular labor market temperature check, they should keep a close eye on weekly continuing claims. What could move markets tomorrow? Want to receive Trading Day in your inbox every weekday morning? Sign up for my newsletter here. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, is committed to integrity, independence, and freedom from bias.


The Guardian
2 hours ago
- The Guardian
Palestinian reporters killed and foreigners barred in Israel's battle for Gaza narrative
Israel is running two Gaza campaigns: one for military control of the strip; another for narrative control of how the world understands what happens there. In theory, Palestinian journalists and social media influencers documenting starvation, mass killing and other Israeli war crimes in Gaza are protected civilians under international law. But those paper protections have meant little on the ground in Gaza, by far the most dangerous place in the world to be a reporter, where more than 180 Palestinian journalists were killed in 22 months of war, according to the Committee to Protect Journalists. Even though it is illegal to target journalists, the CPJ said that over the same period 26 reporters were victims of targeted killings, which it described as murders. The most recent was the 28-year-old Al Jazeera correspondent Anas al-Sharif, killed on Sunday in his makeshift newsroom outside a hospital, along with four colleagues. Press freedom groups and journalists say those killings are part of a campaign of intimidation to shut down vital reporting, which Israel has justified internationally with smears and false claims that the targets were undercover Hamas fighters. With international reporters barred from independent reporting in Gaza – a handful have been allowed in under Israeli military escort, but they are not allowed to move freely or speak to Palestinians – the work done by journalists in Gaza is critical. Coverage of the war in Gaza is constrained by Israeli attacks on Palestinian journalists and a bar on international reporters entering the Gaza Strip to report independently on the war. Israel has not allowed foreign reporters to enter Gaza since 7 October 2023, unless they are under Israeli military escort. Reporters who join these trips have no control over where they go, and other restrictions include a bar on speaking to Palestinians in Gaza. Palestinian journalists and media workers inside Gaza have paid a heavy price for their work reporting on the war, with over 180 killed since the conflict began. The committee to protect journalists has determined that at least 19 of them 'were directly targeted by Israeli forces in killings which CPJ classifies as murders'. Foreign reporters based in Israel filed a legal petition seeking access to Gaza, but it was rejected by the supreme court on security grounds. Private lobbying by diplomats and public appeals by prominent journalists and media outlets have been ignored by the Israeli government. To ensure accurate reporting from Gaza given these restrictions, the Guardian works with trusted journalists on the ground; our visual teams verify photo and videos from third parties; and we use clearly sourced data from organisations that have a track record of providing accurate information in Gaza during past conflicts, or during other conflicts or humanitarian crises. Emma Graham-Harrison, chief Middle East correspondent 'I have no doubt that the prevention of international access, the killings of journalists, the targeting of media facilities, the punishment of [Israeli] outlets like Haaretz is part of a deliberate strategy on the part of Israel to conceal what is happening inside Gaza,' said the CPJ chief executive, Jodie Ginsberg. She pointed to a recent incident when a BBC crew reported from a Jordanian military plane dropping humanitarian aid into Gaza – but was barred by Israel from filming the devastation below. 'We had the example of the international news crews being allowed to film the airdrops but not the devastation when the doors opened.' In July, al-Sharif, one of the most prominent journalists still working in Gaza, went viral on social media when he broke down on air covering starvation. Passersby urged him to keep going because he gave Gaza a voice. Soon after, an Israeli military spokesperson revived allegations – first aired in 2024 – that he was a militant, including accusing him of faking mass hunger in a 'false Hamas campaign on starvation'. The CPJ issued a stark warning that those Israeli claims were a death threat. 'These latest unfounded accusations represent an effort to manufacture consent to kill al-Sharif,' CPJ regional director Sara Qudah said at the time. 'This is not the first time al-Sharif has been targeted by the Israeli military, but the danger to his life is now acute.' Al-Sharif had also anticipated his own death and described it as retaliation for his reporting in a statement released on social media. 'If these words reach you, know that Israel has succeeded in killing me and silencing my voice,' he wrote. Israel has published a dossier of documents it says were recovered from Gaza and link al-Sharif to Hamas. They end in 2021, two years before the war began, and do not even attempt to address his regular appearances live on camera. A role as one of the most prominent journalists in one of the most closely surveilled places on Earth would be strikingly difficult to combine with command of a Hamas unit during an all-out war. Documents Israel published after killing another Al Jazeera journalist last year claimed Ismail al-Ghoul was given a military rank when he was 10 years old. While they marshalled contradictory and unconvincing evidence, the existence of those files reflected Israeli concerns about pressure from western allies, and the need for at least the appearance of compliance with international law. Despite international pressure, Israel has not offered any explanation for the deaths of al-Sharif's four colleagues, protected civilians killed in their workplace. Ginsberg said she feared that was a warning that already unimaginable risks had escalated further. 'What's astonishing to me is they've not even attempted to justify the other killings,' she said. 'So they're admitting to murdering those journalists, knowing they were journalists. 'I think this is deliberately intended to have a chilling effect to show that Israel can do what it likes, and nobody will take any action. 'If we are now at a stage where Israel can so brazenly target an entire news crew, what does that mean for the safety of any of the other journalists who are operating there. Who is next?' French historian Jean-Pierre Filiu, given rare permission to enter Gaza for academic research during the conflict, said a month researching there had also convinced him that Israel is trying to silence reporting from Gaza. 'Now I understand why Israel is denying the international press access to such an appalling scene,' he said in an interview with Haaretz after the trip. 'Even though I have been in a number of war zones in the past, from Ukraine to Afghanistan, via Syria, Iraq and Somalia, I have never, but never, experienced anything like this.'