Politics
UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment
Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi at Downing Street on September 16, 2021 in London, England.
Hannah McKay – WPA Pool | Getty Images
Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States aims to push the UAE-U.S. relationship to a new “geo-economic phase” centered on economic growth and innovation, top officials said ahead of a meeting of the two leaders in Washington, D.C., on Monday.
“The purpose of the visit is really from an Emirati perspective, it’s investing in our future … through an economic lens,” Anwar Gargash, the Emirati leader’s most senior diplomatic advisor, told reporters during a briefing in Dubai on Thursday.
The agenda for Sheikh Mohammed’s meeting with U.S. President Joe Biden and Vice President Kamala Harris will include discussions on major regional challenges like the war in Gaza, but Gargash said the primary objective is economic realignment, as the UAE seeks to push the relationship beyond the traditional focus of regional conflict, oil and defense.
“We are more in a geo-economic phase,” Gargash said, suggesting that the Emirati president would seek to expand economic and security cooperation, but also key areas like artificial intelligence, renewable energy, climate and space.
“The two leaders will highlight a half century trajectory of UAE-U.S. partnership in trade, investment and security,” the Emirati ambassador to Washington Yousef al-Otaiba posted on X ahead of the visit. “Few countries are moving as fast on advanced technologies and artificial intelligence — and as closely in sync with the U.S. — as the UAE,” he added.
Growing investment ties
Trillion-dollar relationship
The United States and the UAE have a trade and investment partnership that spans more than five decades. In 2023, bilateral trade between the UAE and the U.S. was worth around $31.4 billion, with U.S. exports to the UAE exceeding $24.8 billion, according to the UAE Embassy in Washington, D.C.
The UAE, which produces nearly 4% of the world’s oil supply, also has investments in the United States that total $1 trillion. The UAE sovereign wealth funds including the Abu Dhabi Investment Authority and Mubadala are major investors in American real estate, infrastructure, and technology sectors.
The UAE has remained a key strategic defense and security partner to Washington, playing host to the American airbase in Al Dhafra, while working as a key partner alongside the U.S. in Afghanistan and Iraq. The UAE also participated in the global coalition to defeat the Islamic State group, as well as operations against Al-Qaeda and groups affiliated with the organization throughout the region. The UAE has also played a key role in conflicts around the region, including in Libya, Sudan and Yemen.
“We see that we are laying a map for what we are thinking in the next 20 years,” Gargash said, adding that the strategic ties have now shifted to what he called “a 360 degree relationship.”
The meeting of the two leaders also comes as the ongoing conflict in Gaza continues to cause a major humanitarian crisis and upend regional stability. The latest wave of Israeli attacks against Hezbollah targets in Lebanon and news that Iran is helping the Houthi rebels in Yemen to target and down U.S. Reaper drones has added to complications over a cease-fire, ahead of the anniversary of the Oct. 7 attack on Israel and the upcoming American election on Nov. 5.
Politics
DJT falls to new low after lockup expires
Republican presidential nominee and former U.S. President Donald Trump looks on during a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024.
Brendan Mcdermid | Reuters
Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after “lockup” restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares.
Trading volume was heavier than average on Friday morning, but it will likely be several days before public filings with the Securities and Exchange Commission reveal whether this volume is due to early investors selling shares now that the lockup period is over, or merely a higher than average number of retail investors trading the stock.
The lockup agreement first took effect when Trump Media went public in March, following a merger with a blank-check firm.
The company has acknowledged in regulatory filings that the end of the lockup could spur large sales of the company’s stock, which trades under the ticker “DJT.”
But even if insiders weren’t the ones selling, the company has said that a perception by the markets that a sell-off was underway might drive down DJT’s stock price.
This is a developing story, please check back for updates.
— CNBC’s Kevin Breuninger contributed reporting.
Politics
Russian prisoner freed in swap urges UK not to let hundreds more ‘die off’ | Russia
Vladimir Kara-Murza, a Russian dissident freed in the biggest prisoner swap since the cold war, has appealed to Keir Starmer during a meeting in Downing Street to not let hundreds of political prisoners in Russia and Belarus quietly “die off”.
Kara-Murza, who was released last month two years into a 25-year sentence after speaking out against the war in Ukraine, said he had told the prime minister on Friday that organising further such swaps was a matter of “life and death”.
The 43-year-old Russian politician, who has British citizenship after moving to England as a child, was one of 16 westerners and Russians, including five German nationals, exchanged last month for 10 Russian nationals, including two minors.
The deal marked the first time in 40 years that Russian political prisoners had been released by the Kremlin as part of a swap.
The White House said that Alexei Navalny, who died in a Russian prison camp last year, had been due to be part of the exchange.
Kara-Murza, a father of three, who survived two poisoning attempts in 2015 and 2017, said he had made the case for further swaps to Starmer and in all his recent meetings with senior politicians, including the US president, Joe Biden, and the German chancellor, Olaf Scholz.
The deal under which he had been released had been an “unequal” arrangement, he said, involving murderers, spies and hackers being swapped for people who had committed no crimes, but there was no alternative, Kara-Murza insisted.
“There can be nothing more valuable, more important for democracy, than human life,” he said. “I know what it’s like just to wake up every morning in a cell two by three metres, four walls, a small window covered by bars, just essentially walking in a small circle all day, staring at walls. You have no one to speak to, nothing to do, no one to go to and this is how the rest of your life is going to continue … This is not just a question of unjust imprisonment, although that in itself would be unacceptable … it’s a question, very literally, of life or death.”
Among the cases referenced by Kara-Murza were Alexei Gorinov, 63, an elected official of Moscow’s Krasnoselsky district council, who was the first person in Russia to be arrested for his opposition to the war in Ukraine, and Maria Ponomarenko, 46, a journalist from Siberia imprisoned for accusing the Russian air force of bombing a theatre in the Ukrainian city of Mariupol, who is on hunger strike.
“We need to be advocating, to be getting them out,” Kara-Murza said, adding that the argument that such deals encouraged Kremlin to take hostages was “fallacious” as Putin was going to lock up his opponents anyway.
Kara-Murza, who had been held in a high security prison in Siberia, said he had also talked to Starmer about the need for a strategic plan for Russia after Vladimir Putin.
Authoritarian regimes appeared stable from the outside but change could happen in an instant, he said, and it was vital not to repeat the mistakes of the 1990s after the collapse of the Soviet Union.
There would need to be a reckoning with those who committed crimes during Putin’s 25 years in power and a plan to reintegrate Russia into the rules-based order, he said.
“One of the things that has occupied my mind for a long time, but especially these past few weeks that I’ve been out of prison, is that we have no right to miss the next opportunity for change in Russia,” he said.
Politics
Kentucky sheriff charged in killing, shooting of judge at courthouse
This undated photo provided by Kentucky Court of Justice shows slain District Judge Kevin Mullins.
Kentucky Court of Justice via AP
A judge in a rural Kentucky county was fatally shot in his courthouse chambers Thursday, and the local sheriff was charged with murder in the killing, police said.
The preliminary investigation indicates Letcher County Sheriff Shawn M. Stines shot District Judge Kevin Mullins multiple times following an argument inside the courthouse, according to Kentucky State Police. Mullins, who held the judgeship for 15 years, died at the scene, and Stines surrendered without incident.
The fatal shooting in Whitesburg sent shock waves through a tight-knit Appalachian town and county seat of government with about 1,700 residents located about 145 miles (235 kilometers) southeast of Lexington.
Lead county prosecutor Matt Butler described an outpouring of sympathy as he recused himself and his office from investigations in the shooting, citing social and family ties to Mullins.
“We all know each other here. … Anyone from Letcher County would tell you that Judge Mullins and I married sisters and that we have children who are first cousins but act like siblings,” Butler said in statement from his office. “For that reason, among others, I have already taken steps to recuse myself and my entire office.”
Kentucky Attorney General Russell Coleman said his office will collaborate with a commonwealth’s attorney in the region as special prosecutors in the criminal case.
“We will fully investigate and pursue justice,” Coleman said on social media.
Kentucky Supreme Court Chief Justice Laurance B. VanMeter said he was “shocked by this act of violence” and that the court system was “shaken by this news.”
Letcher County’s judge-executive signed an order closing on Friday the county courthouse where the shooting took place.
Mullins, 54, was hit multiple times in the shooting, Kentucky State Police said. Stines, 43, was charged with one count of first-degree murder. The investigation is continuing, police said.
It was unclear whether Stines had an attorney. Kentucky State Police referred inquires about Stines’ legal representation Thursday to a spokesperson who did not immediately respond by email.
Responding to the shooting, Gov. Andy Beshear said in a social media post: “There is far too much violence in this world, and I pray there is a path to a better tomorrow.”
Mullins served as a district judge in Letcher County since he was appointed by former Gov. Steve Beshear in 2009 and elected the following year.
Mullins was known for promoting substance abuse treatment for people involved in the justice system and helped hundreds of residents enter inpatient residential treatment, according to a program for a drug summit he spoke at in 2022. He also helped develop a program called Addiction Recovery Care to offer peer support services in the courthouse. The program was adopted in at least 50 counties in Kentucky.
Mullins also served as a founding member of the Responsive Effort to Support Treatment in Opioid Recovery Efforts Leadership Team.
After the shooting, several area schools were briefly placed on lockdown.
Politics
Packaging tax will raise price of many everyday items, say UK firms | Food & drink industry
A new packaging tax to fund recycling will push up the price of many products including soft drinks, beer, kitchenware and small appliances such as kettles and toasters, companies have warned.
Pev Manners, the managing director of the cordial maker Belvoir Farm, said the preliminary cost for glass in the extended producer responsibility (EPR) for packaging was “nuts”. The brand would have to pass on the levy as the fees would wipe out its annual profits, he said.
The EPR, which comes into effect next year, shifts the cost of household recycling from councils back on to the companies using the packaging.
In August, the Department for Environment, Food and Rural Affairs (Defra) published its “first estimate” of the rates to be charged for each tonne of material, giving companies a price range from the lowest to the highest.
The rate for glass was “spectacularly high”, spanning £130 to £330 a tonne, Manners said. Based on the highest cost scenario covering the fees would add 25p – the equivalent of a 10% price increase – to a bottle of its elderflower cordial.
“Last year, we turned over £21m and made £900,000 profit,” he said. “My finance director estimates this tax will cost us £850,000 next year, so 100% of our profits.”
In a statement, Defra said the EPR was a “vital first step in cracking down on waste as we move towards a circular economy, and we have always been clear these fees are our initial estimates … We are continuing to meet with the glass industry to discuss more workable approaches, including for how we calculate the cost of glass.”
Any price increase would result in lost sales “because people are not feeling rich”, Manners said, adding that in the short-term it would benefit rivals that used cans and plastic because the UK’s deposit return scheme (DRS) was not due to start until 2027.
“At retail we think the EPR will put between 18p and 25p on a 750ml bottle because the grocers will just see it as part of the cost, add their profit margin and then put VAT on top,” Manners said.
Others in the drinks industry have also been worriedly doing the maths. In a joint letter the British Beer and Pub Association, Independent Family Brewers of Britain, Campaign for Real Ale, and Society of Independent Brewers and Associates, suggested it would put between 3p and 7p on each of the 3.2bn bottles of beer sold in the UK each year.
When Ian Bray, the chief executive of Fentimans, known for its botanically brewed ginger beer, calculated its bill he feared the “death of Fentimans”. “At the high end of their [glass] cost estimate it was a number which was greater than my profit for the year,” he said, having worked out it would add 50p to a 750ml bottle of its soft drinks.
Glass is hit hard because it is heavy and Defra is using weight as a key metric but as talks with industry continue Bray is more optimistic. “If they base it on volume rather than weight, then that will probably reduce the cost for glass by about a third, which starts to become more reasonable,” he said.
It is not just the drinks industry that is worried. The British Home Enhancement Trade Association, which represents DIY, garden, housewares and small electricals suppliers, said the “EPR tax will lead to price hikes across all manner of consumer goods”.
Will Jones, its chief operating officer, said: “Producers will be unable to absorb these costs and will either have to pass them up the supply chain to retailers and ultimately consumers, adding to pressure on inflation, or implement damaging cost cutting measures in their business potentially leading to job losses.”
At the end of 2023 the government finally set out the details of a new “simpler recycling” regime for England, which included a list of items councils must recycle come 2026. This standardised service (with other home nations expected to align with the legislation) dovetails with the EPR and DRS.
The official analysis is that even if producers do not seek to minimise costs, and pass fees on to consumers, the impact on inflation would be small, potentially increasing CPI inflation by 0.04-0.09%. Other estimates measure the impact on the consumer at less than £1 for each household a week.
From 2026, fees will be “modulated”, meaning that packaging with a lower environmental impact will be cheaper to use.
The policy should help reduce the “environmental burden of used packaging and support increased collection and recycling, so it is positive step forward,” said Lee Marshall, policy and external affairs director at the Chartered Institution of Wastes Management. “The system should mean packaging is designed to be more easily recycled, more of it is collected for recycling and that producers, rather than local authorities, fund all of this.
“The scheme has been a long time in design and that has been frustrating for the resources and waste sector and for producers as well. However, at some point the government will have to have to put something in place. Both the producers and the local authorities are concerned … so, you could argue it’s probably about right if both sides are unhappy.”
Politics
Minister warns of ‘penalties’ for delays in fitting released offenders with tags – UK politics live | Politics
Key events
Health secretary Wes Streeting has given a blunt one word answer on social media to a call by the Institute of Economic Affairs to “abolish the NHS” and replace it with a form of social insurance. “No,” said Streeting.
Jess Phillips: Starmer has lived by the rules and is breathing down people’s necks to make sure everybody does
Jess Phillips has defended prime minister Keir Starmer over accusations that he has taken too many gifts while being a politician, saying he has lived “entirely by the rules” and was breathing down the necks of his ministers to make sure they were doing the right thing.
The Home Office minister and MP for Birmingham Yardley told Times Radio this morning:
The prime minister has lived entirely by the rules that have governed every single member of parliament, certainly since I’ve been there – he received gifts and things, and he declared them. Let me tell you, it feels like he’s breathing down my neck to make sure that we’re doing things right in my department.
We get invited to theatre performances and things, and you go along and you support the arts, and people want you to go to their things because they want it supported.
So if you can find me a politician who has never done anything like that, has never ever, you know, gone to their local theatre to watch something then, well, I think they’re lying to you.
Asked whether she would accept similar gifts to the prime minister, Phillips rather jokingly replied “I don’t like the Arsenal.”
There is also more news on troubled water company Thames Water. Some of the companies biggest lenders are considering easing repayment terms as it fights for survival.
It has said it has enough cash to keep its operations running until the end of May next year, but has announced it was seeking fresh repayment terms.
Thames Water was privatised by the Margaret Thatcher Conservative government in 1989. The company has continued to pay out dividends to shareholders in recent years despite accruing a debt exceeding £14bn.
You can read a report on the latest development from Anna Isaac here: Thames Water lenders ponder easing repayment terms as it fights to survive
Graeme Wearden
The UK government has borrowed over £6bn more than forecast so far this financial year, after a jump in borrowing last month.
The Office for National Statistics has reported that the UK borrowed £13.7bn in August, which is £3.3bn more than in August 2023.
It’s the third highest borrowing for any August since 1993, and more than £1bn higher than the £12.4bn City economists had expected.
Read more on our business live blog: UK consumer confidence tumbles as households fear ‘painful’ budget; UK debt hits 100% of GDP – business live
PA Media is carrying some more quotes on the threat that financial penalties might be applied to Serco for a failure to electronically tag all of the prisoners released in England and Wales as part of the new Labour government’s attempt to deal with the prison overcrowding crisis it inherited from Rishi Sunak in July.
It quotes a Ministry of Justice spokesperson saying:
We are holding Serco to account to address delays in fitting some offenders with tags, and will apply financial penalties against the company if this is not resolved quickly. While this issue is ongoing, we have prioritised tagging domestic-abuse offenders to make sure their licence conditions, such as staying away from their victims, are strictly followed.
For its part, Serco has said:
Since we took over the electronic monitoring contract in May we have been working hard to reduce the number of people waiting to have a tag fitted. We work closely with the MoJ and the probation service to fit tags swiftly and prioritise cases based on risk profiles.
Where an individual is not at home when we call to fit a tag the time taken can be longer. We prioritise making another visit so that people are tagged as soon as possible.
Minister: Serco could face ‘penalties’ for delays in fitting released offenders with tags
Jess Phillips has suggested that Serco could face “penalties” for delays in fitting some offenders with electronic tags after they have been released from prison.
PA media reports she told LBC News radio “It’s not the Government who has made the backlog in tags, it is a contract signed with Serco in May this year.”
Yesterday it was reported that prisoners freed early to ease overcrowding in jails have not been fitted with electronic tags despite it being a condition of their release, prompting criticism from a parliamentary watchdog.
Phillips said:
I have been in meetings with regard to ensuring that … any perpetrators of domestic abuse, are put to the top of the list, to ensure that they are being fitted with those tags.
The prisons minister, I believe, has had some pretty robust meetings, and is meeting with Serco today, but the contract certainly has in it the allowances for there to be penalties.
I’m almost certain that in this case, that unless something massively improves very, very quickly, that all of those things will be considered.
Officials have declined to say how many of the 1,700 prisoners in England and Wales who were allowed out after serving 40% of their sentences last week were not given tracking devices. It is understood to be “hundreds” rather than “dozens”, a source told the Guardian.
Welcome and opening summary …
Good morning, welcome to our live UK politics coverage for Friday. Here are your headlines …
The main “on diary” event today is the Reform UK conference in Birmingham. The party had the third-highest vote share in July’s general election, and all five of its MPs are expected to speak today. Events will begin shortly after midday and run until around 5pm.
It is Martin Belam with you. The best way to get in touch with me, especially if you spot typos, errors and omissions is by email: martin.belam@theguardian.com.
Politics
No 10 fears ICC will ask UK to sign Benjamin Netanyahu arrest warrant | Israel-Gaza war
Downing Street fears it is to be asked to support the issue of an international criminal court (ICC) arrest warrant for the Israeli leader, Benjamin Netanyahu.
Such support would have to be given at a time when it has not proscribed Iran’s Islamic Revolutionary Guards Corps in the UK. There are concerns among some Foreign Office officials whether the position is politically sustainable.
No 10 is said to have been on alert for more than a week about an imminent statement from the ICC that its pre-trial chamber judges have accepted the request of the ICC prosecutor, Karim Khan, to issue arrest warrants for war crimes committed in Gaza.
The request for arrest warrants was issued on 20 May against Netanyahu and Yoav Gallant, the defence minister, as well as three Hamas leaders, including Yawar Sinwar and Ismail Haniyeh, the now-deceased head of the Hamas political bureau.
In the short term, No 10 is said to be most concerned by the explosive political fallout if the ICC issues an arrest warrant for Netanyahu, especially at such a moment of extreme tension in the Middle East.
Khan told the ICC pre-trial chamber the issue of the arrest warrant was of the utmost urgency nearly a month ago. The chamber of judges has taken much longer to reach a decision than the three weeks it required to accept Khan’s request for an arrest warrant for Vladimir Putin, the Russian leader, over his role in orchestrating the abduction of children from Ukraine.
The delay has been caused by judges needing to assess numerous amicus curiae observations from states, international organisations, victim representatives and human rights groups.
The Labour government withdrew the filing made by the Conservatives that the ICC prosecutor did not have jurisdiction.
Khan submitted his reply to the submissions on 23 August, saying the case was of “the utmost urgency”, and referred to the catastrophic situation in Gaza. He argued Palestine was a party to the ICC and any crimes committed on its territory are subject to ICC jurisdiction.
The concern in diplomatic circles is that the large anti-Iranian lobby inside parliament will complain that the UK is showing the wrong priorities if it backs seeking the arrest of the leader of a democratic state at a time when the IRGC remains unproscribed.
The UK has said it is reviewing the IRGC’s status in the UK in the context of a wider review of laws governing state-sponsored terrorism. The British domestic intelligence service M15 has also said Iran’s backers have been responsible for as many as 15 attacks on British soil.
The Foreign Office has imposed heavy sanctions on IRGC members, but opposed IRGC proscription partly because it fears Iran might then cut off diplomatic relations with the UK, leaving the UK without an ambassador in Tehran.
In seeking the arrest warrant, Khan accused Gallant and Netanyahu of committing crimes against humanity “as part of a widespread and systematic attack against the Palestinian civilian population pursuant to state policy”.
Khan carefully sought and won the backing of a large part of the British human rights legal establishment at the time he called for Netanyahu’s arrest, in particular to argue that the Israeli prime minister is answerable for crimes committed by Israel in Palestine.
In a sign of the growing tension, non-governmental organisations (NGOs) have been piling pressure on the government to do more about the UK’s obligations to apply international law related to Gaza. One group of 15 NGOs issued a statement expressing their “deep disappointment” that the UK had abstained in a UN general assembly vote that called for the ruling in July of the other big international court, the International Court of Justice, to be enforced by Israel leaving the occupied territories within 12 months.
The resolution was passed on Wednesday at the assembly by 124 to 14, but the UK was among 45 countries that abstained. The NGOs reminded the UK the ICJ ruling placed an obligation on all countries not to aid or assist the situation created by Israel’s presence.
The UK said it supported the ICJ ruling about Israel’s illegal occupation of Palestine, but did not think the motion would further the cause of peace.
At the same time, two NGOs, Global Legal Action Network and al-Haq, involved in a long-running court battle with the government over arms sales to Israel, have written to the UK foreign secretary, David Lammy, warning him of criminal liability over the continued sale of F-35 parts that can be used by Israel.
A third group has written to the trade secretary, Jonathan Reynolds, urging him to suspend the UK’s existing trade deal with Israel and rethink its plans to sign a new one. They say the step is necessary in light of the ICJ order for all states not to aid or assist Israel’s occupation.
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