President Biden and Prime Minister Anthony Albanese of Australia expressed their shared condemnation of the Hamas attack this month on Israeli civilians and soldiers, saying during a state visit on Wednesday that they would stand with Israel. In a visit laden with ceremony, military pomp and personal references, the two leaders made every effort to show that the United States-Australia alliance was about more than just the military might of two countries that also cooperate on issues including artificial intelligence and the development of critical minerals. But, given their close…
Tag: Israel
Oil prices drop as aid arrives in Gaza; major Apple supplier faces China tax inquiry – business live
<gu-island name="KeyEventsCarousel" priority="feature" deferuntil="visible" props="{"keyEvents":[{"id":"653611bc8f088809c450b097","elements":[{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Good morning, and welcome to our live coverage of business, economics and financial markets around the world. ","elementId":"6b5b4570-c413-4804-8882-bbf504c1a440"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" Oil prices dropped back on Monday after diplomatic efforts over the weekend to try to prevent the conflict between Israel and Hamas from spreading, including aid convoys being allowed into Gaza. ","elementId":"4aa18c91-1793-4c4f-86b9-21db9fbbbb1b"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":" The price of a barrel of Brent crude oil, the North Sea benchmark, for December delivery fell as low as $91.08 on Monday morning, down by more than a dollar, or about 1%, following the…
Biden Visits Israel and Putin Visits China Amid Gaza and Ukraine Wars
As President Biden visited Israel on Wednesday, seeking to display steadfast American support for the country, President Vladimir V. Putin of Russia was in Beijing, seeking to display his “no limits” partnership with China’s top leader, Xi Jinping. The two contrasting trips show how vastly the global political landscape has been redrawn by Russia’s full-scale invasion of Ukraine, and how that changed landscape is on full display in the war in Gaza. Russia, China and Iran were already forming a new axis over Ukraine, one they have pursued diplomatically, economically,…
Israel-Hamas War Adds to Surge in Global Weapons Sales
Just days after the assault by Hamas ignited a new war in the Middle East, shipments of American weapons began arriving in Israel: smart bombs, ammunition and interceptors for the Iron Dome missile-defense system. When President Biden meets in Israel on Wednesday with Prime Minister Benjamin Netanyahu, more military aid is a likely topic. The conflict between Israel and Hamas is just the latest impetus behind a boom in international arms sales that is bolstering profits and weapons-making capacity among American suppliers. The surge in sales is providing the Biden…
Biden to Visit Israel, and More
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — it’s available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about 10 minutes. Hosted by Annie Correal, the new morning show features three top stories from reporters across the newsroom and around the world, so you always have…
China and Russia harden positions on Gaza as war stirs geopolitical tensions
China and Russia have hardened their positions towards the conflict in Gaza in recent days, as the war between Israel and Hamas aggravates existing geopolitical tensions and underscores the growing gulf between the cold war allies and western powers such as the US, UK and France. The Chinese foreign minister said over the weekend that Israel’s bombing campaign had gone “beyond the scope of self-defence” and that it “should stop collective punishment of the people of Gaza”. On Friday, the Russian president, Vladimir Putin, raised the possibility that an intensified…
China’s Economic Stake in the Middle East: Its Thirst for Oil
China has cast itself as a neutral geopolitical player in the Middle East. It brokered a deal in March to help Iran and Saudi Arabia restore relations. And in the days since Hamas attacked Israel from Gaza, China has tried to keep its distance, with a government spokesman calling the country “a common friend of both Israel and Palestine.” Yet China’s stakes in the Middle East are high, particularly if the war now being fought in Israel and Gaza were to broaden through the region. One big reason: Oil. No…
Fragile Global Economy Faces New Crisis in Israel-Gaza War
The International Monetary Fund said on Tuesday that the pace of the global economic recovery is slowing, a warning that came as a new war in the Middle East threatened to upend a world economy already reeling from several years of overlapping crises. The eruption of fighting between Israel and Hamas over the weekend, which could sow disruption across the region, reflects how challenging it has become to shield economies from increasingly frequent and unpredictable global shocks. The conflict has cast a cloud over a gathering of top economic policymakers…
Xi-Schumer Meeting Raises Hopes of Smoother U.S.-China Relations
China’s top leader, Xi Jinping, met with Senator Chuck Schumer, the majority leader, in Beijing on Monday and expressed hopes of “peaceful coexistence” between China and the United States, even as escalating violence in the Middle East threatens to deepen a wedge between the two powers. “We have 1,000 reasons to make China-U.S. relations work well and not a single reason to make China-U.S. relations bad,” Mr. Xi said while meeting with the Democratic senator from New York. Mr. Xi’s amicable tone is likely to increase expectations that he will…
Athens Democracy Forum: Daring to Hope That Democracy Will Prevail
That Mr. Putin had to journey to North Korea last month to seek support for a long war was a measure of his humiliating isolation, whatever Russia’s ascendancy in Africa, where it has contrived to present itself as an anticolonial power even as it fights a form of colonial war aimed at reabsorbing Ukraine, or much of it, into the “Russkiy Mir,” or Russian world. Ukraine, of course, is fighting for democracy, freedom, the sanctity of sovereignty and the right of a sovereign state to choose its strategic direction. This…