Donald Trump “repeatedly and willfully” violated the US constitution by “allowing his businesses to accept millions of dollars from some of the most corrupt nations on Earth”, prominently including China, the top Democrat on the House oversight committee charged on Thursday, unveiling a 156-page report on the matter. Four businesses owned by Trump’s family conglomerate received at least $7.8m in payments in total from 20 countries during his four years in the White House, the report said. It added that the payments probably represented just a fraction of foreign payments…
Tag: Saudi Arabia
Iran and Saudi Arabia Demand Gaza Cease-Fire
After the Saudi and Iranian leaders finished their speeches, they left the main conference hall for a bilateral meeting. Prince Mohammed’s welcoming of Mr. Raisi amounted to a remarkable departure for the Saudi leader, who once bluntly warned Iran not to pursue expansionist policies in the region. “We won’t wait for the battle to be in Saudi Arabia,” he said in a televised interview in 2017. “Instead, we will work so that the battle is for them in Iran, not in Saudi Arabia.” He also once likened Iran’s supreme leader,…
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…
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…
Diesel Prices Could Keep Inflation High
Inflation has been easing around the world. But what happens next could depend partly on the cost of diesel, a wild card that few analysts have been able to predict well. Higher gasoline prices — lit up on giant signs on streets and highways — are typically the most visible, visceral reminder of inflation to consumers. But analysts say diesel can have a bigger impact on inflation because the fuel powers trucks, industrial machinery and agricultural equipment. The prices of heating oil and jet fuel are also closely connected to…
Biden Is Caught Between Allies as Canada Accuses India of Assassination
A day after promising to “defend democracy,” President Biden brought up India and Saudi Arabia on Wednesday during a round of meetings at the United Nations — not to raise concerns about repression by either, but to hail them for helping establish a new economic corridor. “I think it’s a big deal,” he said. Perhaps no two countries reflect the difficult and delicate trade-offs in Mr. Biden’s foreign policy at the moment more than India and Saudi Arabia. He has made it a priority to court both nations as part…
The BRICS Group Announces New Members, Expanding Its Reach
The BRICS club of emerging nations — Brazil, Russia, India, China and South Africa — was at a crossroads when its leaders arrived in South Africa earlier this week for their annual summit. Should it follow the path of more moderate members like India and try to work within the Western-dominated global system? Or should it tack toward China by adding new members that would signal stricter opposition to the United States? On Thursday, the bloc revealed its decision, adding six new countries, including the staunchly anti-Western Iran, in an…
Brics to admit six new countries to bloc including Iran and Saudi Arabia
The five Brics nations – Brazil, Russia, India, China and South Africa – have announced the admission of six new countries from next year as the club of large and populous emerging economies seeks to reshape the global order. Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the UAE are to become full members from 1 January 2024, the group announced at its summit in South Africa. “This membership expansion is historic,” said the Chinese president, Xi Jinping, whose country is the most powerful in the group of non-western states that…
BRICS May Add More Countries to the Group. Here’s What to Know.
Dozens of countries have expressed interest in joining BRICS, a group encompassing Brazil, Russia, India, China and South Africa that views itself as a counterweight to the West, and is meeting this week in Johannesburg. Argentina, Egypt, Indonesia and Saudi Arabia are thought to be among those most likely to be admitted. Iran has also expressed interest. China’s leader, Xi Jinping, backs expanding the group. But Prime Minister Narendra Modi of India is said to be concerned about adding nations close to Beijing; India and China have border disputes and…
Trump Condemns Hunter Biden’s Foreign Business. He’s Quiet on His Own.
After his fourth indictment, bringing his total count of felony charges to 91, former President Donald J. Trump last week posted a video online accusing President Biden and his family of being criminals. “The Biden crime family,” he claimed, had received millions of dollars from foreign countries. “I believe we have a compromised president,” Mr. Trump said, adding: “He’s a Manchurian candidate. That’s why Crooked Joe is letting other countries walk all over the United States.” For Mr. Trump, outrage is a selective commodity when it comes to presidential families…