Month: January 2024

French Farmers to Keep Protesting Despite Government’s Concessions Offer

PARIS — French farmers vowed Saturday to continue protesting, maintaining traffic barricades on some of the country’s major roads a day after the government announced a series of measures that they say do not fully address their demands.

The farmers’ movement, seeking better payment for their produce, less red tape and protection against cheap imports has spread in recent days across the country, with protesters using their tractors to shut down long stretches of road and slow traffic.

They’ve also dumped stinky agricultural waste at the gates of government offices.

While some of the barricades were gradually being lifted Saturday, highway operator Vinci Autoroutes said the A7, a major highway heading through southern France and into Spain, was still closed. Some other roads were also partially closed, mostly in southern France.

Vinci Autoroutes noted that the blockades on two highways leading to Paris have been removed. The highway from Lyon, in eastern France, to Bordeaux, in the southwest, also reopened Saturday, the company said in a statement.

Some angry protesters were planning to give a new boost to the mobilization next week, threatening to block traffic around Paris for several days, starting from Sunday evening.

President Emmanuel Macron’s new prime minister, Gabriel Attal, announced a series of measures Friday during a visit to a cattle farm in southern France. They include “drastically simplifying” certain technical procedures and the progressive end to diesel fuel taxes for farm vehicles, he said.

Attal also confirmed that France would remain opposed to the European Union signing a free-trade deal with the Mercosur trade group, as French farmers denounce what they see as unfair competition from Latin American countries. The agreement has been under negotiation for years.

In response to Attal’s announcement, France’s two major farmers’ unions quickly announced their decision to continue the protests, saying the government’s plan doesn’t go far enough.

The protests in France are also symptomatic of discontent in agricultural heartlands across the European Union. The influential and heavily subsidized sector is becoming a hot-button issue ahead of European Parliament elections in June, with populist and far-right parties hoping to benefit from rural disgruntlement against free trade agreements, burdensome costs worsened by Russia’s war in Ukraine and other complaints.

In recent weeks, farmers have staged protests in Germany, the Netherlands, Poland and Romania.

США готують стратегію підтримки України, вона не передбачає повернення території в 2024 році – WP

Як повідомляє The Washington Post, проєкт нової стратегії підтримки України не наголошує на звільненні територій. Він зосереджений на обороні й зміцненні економіки України

The Telegraph: США розмістять ядерну зброю у Великій Британії

Повернення американської зброї до Британії є частиною програми розвитку і модернізації ядерних об’єктів у відповідь на посилення напруженості у відносинах з Кремлем після російського повномасштабного вторгнення в Україну, пише видання

США: присяжні зобовʼязали Трампа виплатити понад 83 мільйони доларів за позовом журналістки

У травні 2023 року журі присяжних визнало експрезидента США винним у сексуалізованому насильстві за іншим позовом Керолл і присудило штраф пʼять мільйонів доларів

Іран заперечив, що США попереджали його про планований напад «ІД»

Офіційне державне інформаційне агентство IRNA 26 січня з посиланням на «інформоване дипломатичне джерело» відкинуло повідомлення Wall Street Journal від 25 січня про те, що розвідка США попереджала Іран про підготовку вибухів «ІД»

Агентство ООН розслідує ймовірну причетність співробітників до нападу «Хамасу» на Ізраїль

Тим часом, Державний департамент США оголосив, що тимчасово припиняє фінансування агентства ООН з допомоги палестинським біженцям (UNRWA)

Tanker Ship Reports Missile Fire in Red Sea Near Yemen

UNITED NATIONS — A commercial vessel operating in the Red Sea Friday reported that two missiles exploded in the water near its position as it sailed near Yemen, but caused no damage or injuries.

Safety organization United Kingdom Maritime Trade Operations – UKMTO – said it received a report from the vessel that an explosion was heard and a missile was sighted about seven kilometers from the ship’s position, 111 kilometers from the Yemeni city of Aden. 

The ship reported a second explosion and missile sighting shortly after, this time less than one kilometer away. No damage or injuries were reported from either missile and the vessel continued to its next port of call.  

UKMTO said “coalition forces” were “responding” but offered no details.

Reuters news agency, citing the British maritime security firm Ambrey, reports the ship is a Panama-flagged, India-affiliated oil products tanker.

The attacks come after a week in which Britain and the United States launched a new round of strikes targeting Iran-backed Houthi rebel sites in Yemen. The U.S. military said the attacks hit radar installations, missile launch sites, and most significantly, an underground weapons storage facility. 

The strikes came in response to Houthi attacks on commercial and military vessels operating in the Red Sea and the Gulf of Aden. 

Thursday, Britain and the United States announced sanctions on four senior Houthi officials, freezing and or blocking any or all of their financial assets under the control of U.S. citizens.

In a statement, the U.S. State Department said the Houthi attacks on merchant vessels “have disrupted international supply chains and infringed on navigational rights and freedoms.”

The Houthis have said they are conducting the attacks in support of Palestinians involved in the ongoing conflict with Israel. A Houthi spokesman said this week, in response to the British and U.S. attacks, that they will take all necessary military procedures “within the legitimate right of defense of our country, our people, and our nation, by targeting all hostile American and British targets in the Red and Arab seas.”

Some information for this report was provided by Reuters. 

Central Asia Seen as Key to Breaking China’s Rare Earth Monopoly

WASHINGTON — U.S. officials hoping to break China’s near monopoly on the production of rare earth elements needed for many cutting-edge technologies should engage the governments of Central Asia to develop high concentrations of REEs found in the region, says a new report. 

The study by the U.S.-based International Tax and Investment Center warns that a failure to act could leave China with a “decisive advantage” in the sector, which is crucial to green energy, many new weapons systems and other advanced technologies. 

“As the uses for these minerals has expanded, so too has global competition for them in a time of sharply increasing geostrategic and geo-economic tension,” the report says. 

“Advanced economies with secure, reliable access to REEs enjoy economic advantages in manufacturing, and corresponding economic disadvantages accrue for those without this access.” 

China, which accounts for most of the world’s rare earth mining within its own borders, has not yet had to seek additional supplies from Central Asia, which enjoys plentiful reserves of minerals ranging from iron and nonferrous metals to uranium. 

But, the report says, “the massive size of the Chinese economy and the Chinese Communist Party’s conscious efforts to dominate the REE sector globally mean such increases are a matter of time.”  

Oil-rich Kazakhstan, the region’s economic giant, holds the world’s largest chromium reserves and the second-largest stocks of uranium, while also possessing other critical elements.  

Report co-author Ariel Cohen says it is up to the governments of Central Asia to create the investment climate for development of these resources.   

“They may be the next big thing in Central Asia as the engine of economic growth,” Cohen said this week during a panel discussion at the Atlantic Council, a Washington think tank.  

Across Central Asia, experts note, REEs are found in substantial volumes in the Kazakh steppe and uplands as well as in the Tien Shan mountains across Kazakhstan, Kyrgyzstan and Uzbekistan, and in the Pamir Mountains in Tajikistan.  

Monazite, zircon, apatite, xenotime, pyrochlore, allanite and columbite are among Central Asia’s most abundant rare metals and minerals.  

In 2016, the U.S. Geological Survey listed 384 REE occurrences in the region: 160 in Kazakhstan, 87 in Uzbekistan, 75 in Kyrgyzstan, 60 in Tajikistan, and two in Turkmenistan.

Wesley Hill, another expert on Central Asia’s mineral reserves, says production of rare earths at present “is almost wholly monopolized by China.”  

“Depending on how you count, between 80 to 90% of REE refining is controlled by China and done directly inside of China,” Hill said.   

But, he argued, despite China’s heavy involvement in Central Asia, it has yet to fully take over the region’s rare earth sector. “So, this means that Central Asia is very much at a crossroads,” he said. “Central Asia has the opportunity to expand its REE production without being wholly dependent on China.” 

Central Asia is currently in a position where it can develop its REE refining capacities both for its national development strategies and to break the Chinese monopoly, Hill said.  

“But this is only going to happen with good policy, both from the American side and the Central Asian side.”  

Ambassador John Herbst, Washington’s former top diplomat in Uzbekistan and Ukraine, says the region’s REE assets are “simply another reason for enhanced engagement by the West.” 

He said he is not sure that Central Asian governments appreciate how important rare earths can be to their development. “But I do know that the countries of Central Asia want a closer relationship with the United States, and that is one important part of their maintaining their hard-won independence.” 

Herbst added that the United States and Central Asia have a common interest in working together to develop the region’s rare earths “for the economy of the future.” 

“We have an ability to innovate that far exceeds [China’s]. Their innovation is based largely on taking our technology.”

Suriya Evans-Pritchard Jayanti, who serves as energy transition counsel at the U.S. Department of Commerce, says the region is eager for investment. 

“It is a development opportunity. Particularly with the geostrategic energy realignment after the Russian invasion of Ukraine, but also, because of the energy transition. Lithium and other REE are necessary for different parts of that transition. So that’s primarily an economic incentive,” she said. 

She pointed to the Mineral Strategic Partnership Initiative run by the U.S. State Department’s Bureau on Energy Resources, which is able to promote foreign direct investment in the region while providing technical assistance in the mining sector. 

Cohen said the Central Asian countries cannot wait long to develop their rare earths. “There is a competition, and the African countries, Latin American countries and others will compete increasingly.”  

Wilder Alejandro Sanchez, who heads a consultancy called Second Floor Strategies, says Central Asia needs a rare earth research center that can provide timely information to prospective customers and investors.  

Transportation is key, Sanchez said. “It’s not just about finding and mining them. You have to get them to the international market.”  

Access from the landlocked region at present is limited to China’s Belt and Road infrastructure or routes through Russia. Sanchez and others recommend using the Middle Corridor, also called the Trans-Caspian International Transport Route, which can carry goods to Europe across the Caspian and Black seas.  

These experts also say progress will depend on regional governments overcoming their traditional secretiveness regarding natural resources. They emphasize the importance of transparency, the rule of law, adherence to best practices and compliance with international norms if they hope to attract Western investment.

Є питання щодо джерел фінансування соцвиплат українським біженцям – очільник дипмісії при ЄС

Дипломат не коментував наявність чи відсутність «певного тиску» з боку влади України на європейських партнерів щодо заохочення їх сприяти поверненню українських біженців додому

У Єврокомісії роз’яснили, як саме плануватимуть майбутнє українських біженців після 2025-го

«Ми ще не готували ніяких проєктів рішень. У нас є час для цього. Ми не будемо нічого розробляти, доки у нас справді не буде гарної «посадкової зони» разом із державами-членами і Україною»

US Economy Grew at Surprisingly Strong 3.3% Pace Last Quarter

WASHINGTON — The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. 

Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter. But the latest figures still reflected the surprising durability of the world’s largest economy, marking the sixth straight quarter in which GDP has grown at an annual pace of 2% or more. 

Consumers, who account for about 70% of the total economy, drove the fourth-quarter growth. Their spending expanded at a 2.8% annual rate, for items ranging from clothing, furniture, recreational vehicles and other goods to services like hotels and restaurant meals. 

The GDP report also showed that despite the robust pace of growth in the October-December quarter, inflationary measures continued to ease. Consumer prices rose at a 1.7% annual rate, down from 2.6% in the third quarter. And excluding volatile food and energy prices, so-called core inflation came in at a 2% annual rate. 

Those inflation numbers could reassure the Federal Reserve’s policymakers, who have already signaled that they expect to cut their benchmark interest rate three times in 2024, reversing their 2022-2023 policy of aggressively raising rates to fight inflation. 

“Although GDP growth came in hotter than expected in the fourth quarter, underlying inflation continued to slow,” said Paul Ashworth, chief North America economist at Capital Economics. “The upshot is that an early spring rate cut by the Fed is still the most likely outcome.” 

The state of the economy is sure to weigh on people’s minds ahead of the November elections. After an extended period of gloom, Americans are starting to feel somewhat better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect voters’ decisions. A measure of consumer sentiment by the University of Michigan, for example, has jumped in the past two months by the most since 1991. 

There is growing optimism that the Fed is on track to deliver a rare “soft landing” — keeping borrowing rates high enough to cool growth, hiring and inflation yet not so much as to send the economy into a tailspin. Inflation touched a four-decade high in 2022 but has since edged steadily lower without the painful layoffs that most economists had thought would be necessary to slow the acceleration of prices. 

The economy has repeatedly defied predictions that the Fed’s aggressive rate hikes would trigger a recession. Far from collapsing last year, the economy accelerated — expanding 2.5%, up from 1.9% in 2022. 

“Our expectation is for a soft landing, and it looks like things are moving that way,” said Beth Ann Bovino, chief economist at U.S. Bank. Still, Bovino expects the economy to slow somewhat this year as higher rates weaken borrowing and spending. 

“People are going to get squeezed,” she said. 

The economy’s outlook had looked far bleaker a year ago. As recently as April 2023, an economic model published by the Conference Board, a business group, had pegged the likelihood of a U.S. recession over the next 12 months at close to 99%. 

Even as inflation in the United States has slowed significantly, overall prices remain nearly 17% above where they were before the pandemic erupted three years ago, which has exasperated many Americans. That fact will likely raise a pivotal question for the nation’s voters, many of whom are still feeling the lingering financial and psychological effects of the worst bout of inflation in four decades. Which will carry more weight in the presidential election: The sharp drop in inflation or the fact that most prices are well above where they were three years ago? 

The Fed began raising its benchmark rate in March 2022 in response to the resurgence in inflation that accompanied the economy’s recovery from the pandemic recession. By the time its hikes ended in July last year, the central bank had raised its influential rate from near zero to roughly 5.4%, the highest level since 2001. 

As the Fed’s rate hikes worked their way through the economy, year-over-year inflation slowed from 9.1% in June 2022, the fastest rate in four decades, to 3.4% as of last month. That marked a striking improvement but still leaves that inflation measure above the Fed’s 2% target. 

The progress so far has come at surprisingly little economic cost. Employers have added a healthy 225,000 jobs a month over the past year. And unemployment has remained below 4% for 23 straight months, the longest such streak since the 1960s. 

The once red-hot job market has cooled somewhat, easing pressure on companies to raise pay to keep or attract employees and then pass on their higher labor costs to their customers through price hikes. 

It’s happened in perhaps the least painful way: Employers are generally posting fewer job openings rather than laying off workers. That is partly because many companies are reluctant to risk losing workers after having been caught flat-footed when the economy roared back from the brief but brutal 2020 pandemic recession. 

“Businesses are getting rid of job openings, but they’re holding onto workers,” Bovino said. 

Another reason for the economy’s sturdiness is that consumers emerged from the pandemic in surprisingly good financial shape, partly because tens of millions of households had received government stimulus checks. As a result, many consumers have managed to keep spending even in the face of rising prices and high interest rates. 

Some economists have suggested that the economy will weaken in the coming months as pandemic savings are exhausted, credit card use nears its limits and higher borrowing rates curtail spending. Still, the government reported last week that consumers stepped up their spending at retailers in December, an upbeat end to the holiday shopping season.