The site is revered by both Muslims, who call it the Haram al-Sharif (Noble Sanctuary), and Jews, for whom it is known as the Temple Mount. Hamas demanded Israel remove police from there and the nearby predominantly Arab district of Sheikh Jarrah, where Palestinian families face eviction by Jewish settlers. Hamas launched rockets when its ultimatum went unheeded.
In a podcast interview, Harry said he wants to avoid passing on his pain to his children.
Trip comes as two countries look to reset relationship strained following 2018 killing of Saudi journalist in Istanbul.Turkey’s foreign minister has arrived in Saudi Arabia for talks, his first trip since journalist Jamal Khashoggi’s 2018 murder in Istanbul worsened relations between both countries.
Mevlut Cavusoglu’s visit, apparently aimed at mending ties with Riyadh, comes amid renewed clashes at the flashpoint Al-Aqsa Mosque compound in Israeli-occupied East Jerusalem.
Turkish officials had said Cavusoglu’s visit could include talks on possible sales of Turkish drones to Saudi Arabia, which they said Riyadh had requested.
In #SaudiArabia to discuss bilateral relations and important regional issues, especially the attacks at the Al-Aqsa Mosque and the oppression against the Palestinian people.🇹🇷🇸🇦 pic.twitter.com/9SKoE52ifP
— Mevlüt Çavuşoğlu (@MevlutCavusoglu) May 10, 2021
“In Saudi Arabia to discuss bilateral relations and important regional issues, especially the attacks at the Al-Aqsa mosque and the oppression against the Palestinian people,” Cavusoglu wrote on Twitter.
Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, is also visiting Saudi Arabia’s Jeddah on Monday evening and will meet the Saudi crown prince, Mohammed bin Salman (MBS), to discuss bilateral ties and regional and international matters of common interest.
Qatar has close relations with Turkey and may be facilitating the latter’s talks with Riyadh, after the two Gulf countries reached in January a breakthrough in a three-year-old dispute. A statement issued by the emir’s office did not give further details.
More than 300 Palestinians were wounded on Monday, the Palestinian Red Crescent said, after Israeli police fired rubber-coated bullets and tear gas at worshippers at the Al-Aqsa Mosque compound.
Ankara’s relations with Riyadh deteriorated sharply after the October 2018 murder of Khashoggi, 59, a Saudi journalist who wrote critical columns for The Washington Post.
Khashoggi was killed by a team of Saudi agents and was dismembered inside the kingdom’s consulate in Istanbul after walking into the diplomatic compound to get documents ahead of his wedding with Turkish fiancee Hatice Cengiz.
His death and the subsequent disappearance of his body has tarnished MBS’s image and plunged Riyadh into a diplomatic crisis.
The crisis prompted an unofficial Saudi trade boycott which slashed the value of Turkish imports by 98 percent. Saudi Arabia is also closing eight Turkish schools in the kingdom, Anadolu reported last month.
Turkey’s President Recep Tayyip Erdogan said at the time that the order to kill Khashoggi had come from senior Saudi officials.
Turkey has also put on trial in absentia two close former aides of the crown prince, along with 24 other suspects.
Saudi interest in Turkish drones
But Turkey has been taking steps to fix its relations with Saudi Arabia, which remains an important trading partner.
Last week, Erdogan spoke by phone with Saudi King Salman bin Abdulaziz, although no details of those talks were released.
Cavusoglu’s two-day visit follows Turkey’s talks last week with Egypt, another US-allied regional power, also aimed at repairing troubled relations.
A senior Turkish official said that the trade embargo and the conflicts in Syria and Libya would be discussed with the Saudi Arabians. A Saudi request for Turkish armed drones may also be on the agenda, two Turkish officials said.
Erdogan said in March Saudi Arabia sought to buy Turkish armed unmanned aerial vehicles. Several countries have shown interest in the drones, which were used in conflicts in Syria, Libya and Nagorno-Karabakh.
Iran confirms talks with Saudi Arabia and says its foreign minister may soon head to the United Arab Emirates.Tehran, Iran – Iran’s foreign ministry has for the first time confirmed that talks have been held with regional rival Saudi Arabia in an effort to reduce tensions between the two countries and across the region.
Foreign ministry spokesman Saeed Khatibzadeh told a virtual press conference on Monday that Iran has always welcomed talks with its regional peers and that policy has not changed.
“But let us wait to see the results of these talks and judge based on results,” he said.
This comes days after a Saudi foreign ministry official confirmed the talks, also saying it was premature to discuss definitive conclusions.
Neither side has divulged details of the talks, but reports say that, in addition to bilateral ties, Tehran and Riyadh are talking about developments in Yemen and Iran’s 2015 nuclear deal with world powers that Saudi Arabia has opposed.
A Saudi-led military coalition has been battling Yemen’s Houthis for the past six years, causing the world’s worst humanitarian crisis. The Houthis, which Saudi Arabia says are armed by Iran, have recently stepped up their attacks on Saudi soil.
Meanwhile, multilateral talks in Vienna to restore Iran’s nuclear deal – which the United States abandoned in 2018 – are now in their fourth round and delegates are working against the clock as a three-month deadline for a temporary agreement between Iran and the global nuclear watchdog approaches on May 21 and the country is due to hold a presidential election in June.
The potential for Iran-Saudi rapprochement comes as the US reduces its presence in the troubled region and has ended its support for the war in Yemen.
Last month, Saudi Crown Prince Mohammed bin Salman said he wants good relations with Shia Iran even though his Sunni Muslim kingdom still finds problems with Tehran’s “negative behaviour”.
Tensions between Riyadh and Tehran have played out across the region in recent years as they have backed opposing sides in Lebanon and Syria. Iran supported Qatar when other Arab nations imposed a blockade on it that was only lifted in January.
The possible thaw in relations comes amid a flurry of engagement in the region.
Iran may be on the verge of improving ties with other Arab states as reports indicate Foreign Minister Mohammad Javad Zarif could visit the United Arab Emirates (UAE) soon.
The foreign ministry’s Khatibzadeh confirmed on Monday that a Zarif visit to the UAE “has been on the agenda” and will happen when conditions are right.
Zarif last month went on a four-country tour of the region that took him to Qatar, Iraq, Kuwait, and Oman.
The couple said that they plan on remaining co-chairs and trustees of Bill & Melinda Gates Foundation.Melinda French Gates began working with divorce lawyers well over a year before her split with Bill Gates was announced last week, partly over concerns about her husband’s dealings with convicted sex offender Jeffrey Epstein, according to the Wall Street Journal.The 56-year-old spoke with attorneys from several firms as early as October 2019, saying the marriage was “irretrievably broken,” the Journal reported Sunday, citing documents and people familiar with the matter. Her unease about her ex-husband’s ties to Epstein dates back to at least 2013, the paper said.The New York Times reported in October 2019 that the billionaire had met with Epstein several times, and once stayed late at his New York townhouse. A spokeswoman for Microsoft Corp. co-founder said at the time that the meetings had centered on philanthropy. Epstein had died in jail two months prior while awaiting trial on federal charges related to sex trafficking.The divorce was negotiated during the pandemic, involving legal teams working with a mediator to divide their fortune, which the Bloomberg Billionaires Index pegs at $145 billion.The couple said that they plan on remaining co-chairs and trustees of the Bill & Melinda Gates Foundation. Billionaire Warren Buffett serves as the foundation’s third trustee. All three have vowed to give away the vast majority of their wealth.In the days after the split was announced, a holding company that Bill Gates created transferred equity stakes in four different companies, worth more than $2 billion in aggregate, to Melinda French Gates, Bloomberg News has reported. The bulk of it is from about 14.1 million shares in Canadian National Railway Co.Days before he died in a New York jail, Epstein named a little-known biotech venture capitalist named Boris Nikolic as backup executor of his will. Nikolic had worked as a science adviser to Bill Gates and more recently funded more than a dozen firms in gene editing and other health technologies.In an emailed statement at the time, Nikolic told Bloomberg that Epstein had not consulted him about the will and that he had no intention to fulfill the duties.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Seoul:South Korean President Moon Jae-in SEOUL: South Korean President Moon Jae-in on Monday he was looking forward to North Korea’s response to engagement efforts as he seeks to restore peace-building amid stalled talks over Pyongyang’s nuclear and missile programmes. Moon’s comments, in a speech marking the fourth year of his presidency, come ahead of his first summit with U.S. President Joe Biden in Washington on May 21. The South Korean president is expected to push the United States to seek engagement with North Korea, though Biden has shown little interest in making North Korea a top priority. Biden’s administration says its overtures to Pyongyang have not been answered, and it recently completed a policy review that called for a “practical” approach of using diplomacy to find achievable goals toward eventually persuading North Korea to surrender its nuclear weapons. But Biden has shown no sign of loosing sanctions, which have hampered Moon’s efforts to launch economic and tourism projects with the North, and the White House has not appointed a special envoy to handle the issue. Moon has made engaging with North Korea a signature project and appeared to make progress in 2018 amid summits with leader Kim Jong Un, but as Moon enters his final year in office, Pyongyang shows few signs of interest in talking. In his speech, Moon said that he wouldn’t be impatient during his final year, but that he would do everything he could to return to the days of engagement. “If there is an opportunity to turn back the clock of peace again and advance the peace process on the Korean peninsula, I will make all efforts,” he said. “We look forward to North Korea’s response.” FacebookTwitterLinkedinEMail
The election victory of pro-independence parties in the Scottish Parliament elections has reopened the debate.
Allegro Funds is pleased to announce the appointment of Christine Holgate as future group chief executive officer of Global Express.
Holgate will lead the transformation strategy for the growing parcels and logistics organisation upon Allegro completing its acquisition from the owner, Japan Post.
“I am honoured to be joining the Global Express team. I believe strongly in the potential of the business and have great respect for both the employees of Global Express and Allegro,” Holgate said.
“In recent times Global Express has faced challenges and there is lots of hard work ahead of us. However, the combination of new funding, a focused local leadership team, a strong position in growing markets and the turnaround expertise of Allegro, will ensure the business is successful.
“As the world emerges from Covid, it is critical that we build more resilience in our logistics networks across Australia and New Zealand. E-commerce in Australia still trails comparable countries at around 15% of sales. The retail sector’s future success will depend greatly on Global Express providing the competitive delivery service necessary to underpin expansion,” she said.
When Bernie Madoff died in April, at 82, he was serving a 150-year sentence. His fraud topped $17.5bn. The investors who trusted him were many and varied. Many went bankrupt, many lost their homes, some were driven to suicide. At sentencing, judge Denny Chin called Madoff’s crimes “extraordinarily evil”. He was not mourned. One investor announced: “Death is too good for him.”Madoff trafficked in carnage.Mark Madoff, his oldest son, killed himself.“Bernie,” he wrote, “now you know how you have destroyed the lives of your sons by your life of deceit.”Andrew Madoff, the youngest son, died of cancer.Mark’s suicide note concluded: “Fuck you.”Now, Madoff Talks chronicles how the former head of the Nasdaq exchange pulled off his monumental crime.Paperwork didn’t make sense. Returns were too good to be true. Bernard L Madoff Investment Securities (BLMIS) was a Ponzi scheme. But regulators ignored warnings. BLMIS produced 10% annually. If the stock market had not crashed in 2008, Madoff’s crimes would probably have gone undiscovered. His company went bust in 2001 but investors remained in the dark.Time, however, catches up with most things.This is also a New York story, a rise-and-fall drenched in ethnicity and classIn 2011, Eugene Soltes, a professor at Harvard Business School, conducted a series of brief interviews with Madoff. They later formed the core of a case study, a portion of which was released in audio. But Jim Campbell has a unique vantage point. A freelance finance reporter, he was Madoff’s pen pal for a decade.Campbell’s first book is the product of hundreds of jailhouse emails and letters, interviews with Ruth Madoff, his widow, and those who worked with him. It promises to be the definitive Madoff biography.Being near Madoff didn’t mean being close. He shared the truth as he saw it or as he wanted it remembered. Back in the day, Ruth Madoff was spending $57,000 a month. Right before things went belly up, she withdrew $10m from a brokerage account. Now, she needs approval from the Madoff Recovery Trust to shell out more than $100. Campbell concludes she was probably in the dark.This is also a New York story, a rise-and-fall drenched in ethnicity and class. Madoff saw himself as a modern-day Shylock, persecuted more than prosecuted.He attributed his plight to investor pressures generated by his “big four”: Stanley Chais, Norman Levy, Jeffry Picower and Carl Shapiro. Picower was a lawyer and accountant; Levy, chairman of a real estate company; Shapiro, a player in the textile industry; Chase, a manufacturer of children’s clothing.They were drawn to Madoff by a tax avoidance strategy he deemed legal. It was downhill from there. Campbell traces the genesis of his scheme to 1992. Madoff felt compelled to deliver an ample return but grew to loathe Picower, the biggest player. His greed “knew no limits”, in Campbell’s telling.Marc Mukasey, a lawyer for Frank DiPascali – a convicted Madoff lieutenant, now dead – makes clear Madoff picked people for his operation because of what they lacked. No degrees from Harvard and Wharton, relative lack of financial sophistication and lifestyles that grew dependent on Madoff.Campbell echoes that assessment. Eleanor Squillari, Madoff’s secretary of 25 years, emerges a hero. Squillari was siloed away from Madoff’s crimes – despite sitting just feet away. After Madoff’s fall, she mounted a crusade to put things right.“She made it her mission, to this day, to do whatever it took to help the victims and hold her revered former boss accountable,” Campbell writes.Madoff Talks explains how “feeder funds”, ostensibly reputable hedge funds, served as conduits for money which went to BLMIS. Instead of conducting due diligence those funds turned “willfully blind”, according to Harry Markopolos, a forensic accountant and an early and ignored whistleblower.Walter Noel’s Fairfield Greenwich Group was the largest domestic feeder. One former FGC banker, Charles Murphy, leaped to his death in 2017. He invested with Madoff.Sonja Kohn’s Bank Medici, in Austria, was the largest international feeder. Squillari claims to have uncovered under-the-table payments to Kohn. Like Noel, she was never criminally charged.In January 2009, Kohn denied wrongdoing and claimed to have been deceived. In 2017, the Dublin-based Thema International Fund, an investment conduit linked to Kohn’s Medici Bank, agreed to pay $687m to defrauded investors. Noel also said Madoff fooled him. Cumulatively, he and his funds have paid hundreds of millions in settlements and fines.Squillari minces no words about J Ezra Merkin, his Gabriel Capital fund and its two Madoff-bound feeder funds, Ascot Fund Ltd and Ascot Partners.“I hated him”, she says. “He was a big fat man with no personality … He screwed everybody because they trusted him.”Blood can be thicker than water. In a New York Times op-ed, the writer Daphne Merkin, Ezra’s sister, attempted to shift blame: “What is lost amid the fury of some of those who handed their money over … is that theirs was a voluntary, nay, eager association.”She added: “No one was holding a gun to anyone’s head, saying sign up with Mr Madoff or else.” For her, victims and casualties were not the same.In a final chapter titled Never Again, Campbell offers his prescription for avoiding another Madoff-like disaster. He recommends better due diligence and greater caution – which are both highly unlikely in the absence of legal sanctions or a transformation of human nature.More practically, he calls for structural changes at the Securities and Exchange Commission, greater investor protection by the Securities Investor Protection Corporation, and criminalization of the wilful failure of feeder funds to conduct due diligence.When carrots fail, sticks may work. One thing is certain, Madoff set a new bar and others will follow. A quick look at the Department of Justice website tells us fraud is never-ending. The past six months have seen cases against about as many Ponzi-schemes. A better mousetrap waits to be built. An even bigger payday waits to be secured.
The European Union and India have agreed to resume stalled free trade negotiations and seek closer cooperation to combat climate change at a virtual summit, as concerns about China bring Brussels and New Delhi closer.
Partly overshadowed by the COVID-19 crisis in India, the meeting on Saturday brought together Indian Prime Minister Narendra Modi and all of the bloc’s 27 leaders for the first time in eight years in a sign of the EU’s renewed interest in the Indo-Pacific region.
Past EU-India summits have involved only the Indian prime minister and the EU’s chief executive and chairman.
“We agreed to resume negotiations for a … trade agreement which would respond to the current challenges,” EU and Indian leaders said in a statement after the talks, adding that for talks to succeed, both sides had to solve market access issues.
In parallel, EU and India will start talks on a separate investment protection deal and an accord on geographical indications – famous brand names often linked to the places they are made, from France’s champagne to India’s Darjeeling tea.
“Between the EU and India there is a close relationship but also a lot of untapped potential,” European Commission President Ursula von der Leyen said. “The most untapped potential is in trade and investment.”
China’s rise from a benign trading partner to a rival power with a growing military presence has alarmed the West and its allies in the Indo-Pacific, where Brussels wants more influence.
“We agreed that, as the world’s two largest democracies, the EU and India have a common interest in ensuring security, prosperity and sustainable development in a multi-polar world,” the joint statement said.
German Chancellor Angela Merkel welcomed the resumption of talks.
“The negotiations have also stalled many times and that is why I am so glad that they have now been resumed,” she said after an informal EU summit.
She said she expected work would move ahead at a “much faster pace”.
EU-India trade talks were frozen in 2013 over differences including tariff reductions, patent protection, data security and the right of Indian professionals to work in Europe.
Today’s meeting was a milestone in 🇪🇺🇮🇳 relations.
We agreed that we will resume the Free Trade Agreement negotiations!
In parallel, we will launch negotiations on an EU-India investment protection agreement & on Geographic Indications. pic.twitter.com/FwA35u4G6K
— Ursula von der Leyen (@vonderleyen) May 8, 2021
Competition with China
The bloc’s leaders, at an EU summit in Porto in Portugal, faced pressure over the Modi government’s crackdown on dissent, with civil society groups including Amnesty International holding a candlelit vigil outside the summit venue.
Ahead of the talks, Amnesty International called on EU leaders to push Modi to “live up” to shared values.
“An intolerance of dissent has been a hallmark of Prime Minister Modi’s time in office,” Eve Geddie, the rights group’s EU office director said.
A 2020 study by the European Parliament put the benefits of a trade deal for the EU with India at up to 8.5 billion euros ($10.2bn), although the estimate was made before the United Kingdom’s departure from the bloc.
The EU and India also agreed to build joint infrastructure projects around the world, notably in Africa, to be described as a connectivity partnership.
The deal follows an accord between the EU and Japan in 2019, seeking an alternative to China’s vast Belt and Road Initiative (BRI) infrastructure strategy that raised suspicion in the West and Tokyo.
Both sides also pledged increased cooperation to limit climate change. The statement said the EU and India would hold meetings to collaborate in renewable energy, energy storage technology and modernising power grids.