The IDF killed a Nukhba commander in the Khan Yunis area last week who had been involved in the abduction of several Armored Corps soldiers during the October 7 massacre, the military announced on Wednesday.

According to the IDF, the terrorist, Jihad Samih Mahmoud Ismail, had taken part in the killing of Capt. Omer Neutra, St.-Sgt. Oz Daniel, and Sgt. Shaked Dahan. Neutra and Daniel’s remains were taken into Gaza, as was Sgt. Nimrod Cohen, who was alive.

The IDF also said that Ismail had been involved in multiple ambushes against Israeli soldiers over the course of the war against Hamas.

The parents of Omer Neutra at a rally calling for the release of the Israeli hostages held captive by Hamas in Gaza, marking 435 days since the start of the war between Israel and Hamas, at Hostage Square in Tel Aviv, December 14, 2024. (credit: AVSHALOM SASSONI/FLASH90)

Neutra immigrated to Israel from the United States and enlisted in a combat unit as a lone soldier.

He and Daniel were buried in November 2025 after being returned during the first phase of the US-brokered Gaza deal.

“My Omer, after more than two years… finally, you are home – [in] the home that you chose, in the country that you chose to defend,” Ronen Neutra, his father, said during his burial.

Daniel, 19, was due to begin officer training shortly after October 7. He was a huge fan of music and playing his guitar.

In Daniel’s final moments, he attempted to steal a grenade from his captors, trying to fight against them, before being shot to death in the struggle.

Cohen was released by Hamas, alive, on October 13, 2025.

In February 2026, he announced his intention to complete his military service with the IDF.

By the time he was kidnapped, Cohen had done 10 months of the two years and eight months that Israeli men are required to serve. “I didn’t really do my service, the way I see it. I served for 10 months until I was kidnapped,” he said.

IDF kills Hamas Rafah Brigade commander

On Tuesday, the IDF and Shin Bet (Israeli Security Agency) issued a joint statement, saying that they killed Hamas’s Rafah Brigade commander, Nael Abu Obeid, in a strike in the southern Gaza Strip.

Abu Obeid was a key figure among Hamas leaders, according to a statement from the IDF, and previously served as the deputy commander of the Rafah Brigade and commander of the Tel al-Sultan and Yibna Battalions.

Amir Bohbot, Tobias Holcman, and Esther Davis contributed to this report.

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Michigan Attorney-General Dana Nessel is telling Jews something deeply disturbing: we may need to sacrifice our own safety and even our own future for “humanity.”

That is a terrible message. It is also far outside the Jewish tradition she claims to be invoking.

Speaking to Jewish Democrats on August 30, Nessel said, “It is perhaps up to us now to follow in [Queen Esther’s] path and sacrifice the comfort, safety, and security and even the very future of our own people in exchange for the opportunity to save the rest of humanity.”

But Nessel is not speaking for Jewish history when she says this. She is a radical outlier using Queen Esther to make an argument that turns Esther’s story upside down.

Esther did not sacrifice the Jewish people to save everyone else. She risked herself to save the Jews of Persia.

Michigan US Senate candidate Abdul el-Sayed greets supporters at a rally in Ann Arbor, Michigan, April 7, 2026. The rally also featured Twitch streamer Hasan Piker, who has been accused of antisemitism. (credit: ANDREW LAPIN/JTA)

Nessel went even further, asking, “What good is defending the historic homeland of our ancestors and demanding that candidates acknowledge its right to exist if the planet upon which it rests is no longer inhabitable?”

Why should Jews have to choose?

Jewish safety and concern for humanity are not opposites. Protecting Jews is not selfish. Protecting Israel is not selfish. And Jewish lives are not bargaining chips that can be sacrificed for some larger cause.

Nessel also accused Republicans of supporting “selfishness” that is supposedly a “direct abdication of our responsibilities as Jews.” But there is nothing selfish about Jews wanting to stay alive.

Every human life has value

Jewish law makes this clear: if attackers demand that a group hand over one innocent person or everyone will be killed, that person cannot simply be handed over. Every human life has value. We do not decide that one innocent person can be sacrificed because someone claims it will save a larger number.

Nessel’s argument is also based on a false choice. Protecting Jews and Israel does not mean turning our backs on humanity.

The Jewish people have spent generations helping humanity. Jewish scientists Jonas Salk and Dr. Albert Sabin developed polio vaccines that reduced polio by 99%. Jewish public health scientist Dr. Israel Kligler helped lead the first successful campaign to eliminate malaria. 

Israeli Jews pioneered drip irrigation, desalination, and wastewater recycling. Jews make up less than 0.2% of the world’s population yet have received 26% of Nobel Prizes in Medicine.

When polio appeared in Gaza in 2024-2025, Israel facilitated pauses in its fight against Hamas so more than 600,000 Gazan children could receive polio vaccinations.

And when Jews were falsely blamed for the Black Death, murdering Jews did nothing to stop the plague. More than 500 years later, Jewish scientist Waldemar Mordecai Haffkine developed the first vaccine for the bubonic plague.

So who is really helping humanity?

The answer is not the people who murder Jews. And it certainly should not be Jews who are told to stand aside while their own safety is put at risk.

That brings us to Abdul Mohamed El-Sayed.

To Nessel’s credit, she has resisted the rush by too many Democratic leaders to endorse El-Sayed. She has also warned that politicians who threaten Israel’s existence as a Jewish state can put Jews in the Diaspora at greater risk.

She is right about that.

But then Nessel tells Jews that they may need to sacrifice their own safety and even their future for “humanity.” That makes no sense.

El-Sayed’s record shows exactly why Jewish safety matters.

He repeatedly dodges the simple question of whether Israel has a right to exist while saying he would be happy to discuss a Palestinian right to exist. He falsely accuses Israel of genocide and apartheid. He has pledged to follow Sharia law in everything he does. 

He has campaigned alongside extremist, open Jew-hater, and America-hater Hasan Piker, who said America deserved 9/11 and that the October 7 mass rapes of Jewish women and children did not matter.

El-Sayed also called for reducing police funding.

Most disturbing, El-Sayed justified the vehicle-ramming terror attack on a Michigan synagogue preschool that endangered 140 Jewish toddlers and teachers and injured a security guard. The attacker was a Lebanese-American Muslim tied to Hezbollah.

El-Sayed responded, “hurt people hurt people” and “violence begets violence.” That is not an excuse for terrorism against Jews.

His later statement that “what I was trying to say is that there is a broader question of the responsibility” did not change what he had said. It was another attempt to justify Muslim terrorism against Jews.

Nessel should understand what is at stake.

Jewish safety is not some selfish side issue. It is not something Jews should be ashamed to defend. And Jews should never be told that protecting ourselves makes us enemies of humanity.

We do not need to prove that Jews have invented enough medicines, saved enough lives, or helped enough people to deserve safety. Jews deserve safety because Jews are human beings.

Nessel should retract her dangerous message that Jews may need to sacrifice their own safety and future for the rest of humanity. And she should stop pretending that this is what Jewish history teaches.

It is not.

Queen Esther risked her life to save her people.

Michigan Attorney-General Dana Nessel told Jews to sacrifice themselves and their homeland to feed the antisemites hijacking her political party.

Morton A. Klein is the national president of the Zionist Organization of America. Elizabeth (Liz) Berney, Esq., is the ZOA’s director of research and special projects.

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More Palestinians in the West Bank believe Israel does not have a right to exist (46%) than those who believe it does (41%), according to a new poll published by the Institute for National Security Studies (INSS) on Tuesday.

The survey, which interviewed 400 Palestinians by telephone between June 27 and July 2, 2026, with a margin of error of 4.9%, also found that 42% believed it was possible to bring about the end of Israel’s existence, while only 32% said it was impossible.

More than a quarter (27%) favored a two-state solution to resolve the Israeli-Palestinian conflict, while 22% supported a single binational state with full equal rights, and 26% preferred a single Palestinian state without Jewish presence. Only 17% said they would like to see a Palestinian state that permitted Jews as residents or citizens.

Despite a significant portion of Palestinians not recognizing Israel’s right to exist, more than half (52%) said they would prefer negotiations as a way to end the Israeli-Palestinian conflict, while only 12% said they preferred armed resistance.

Over half of respondents say diplomatic efforts more fruitful than violence

Additionally, 57% were of the opinion that violence had failed and that international diplomatic efforts were more fruitful.

A Palestinian boy on a bicycle rides past an Israeli soldier standing guard by a barrier in the Old City of Hebron, in the West Bank, on September 5, 2026. (credit: Photo by Mosab Shawer / Middle East Images / AFP via Getty Images)

Given that more than half (57%) of the Palestinians polled said they believed violence had failed and that international diplomatic efforts were more fruitful, it makes sense that 40% of those polled said Hamas should disarm and the majority preferred for Hamas not to govern the Gaza Strip.

The most popular choice for the administration of the Gaza Strip is the current US-backed National Committee for the Administration of Gaza, which was selected by 32% of respondents. An additional 21% favored the Palestinian Authority, while 21% favored a Fatah-Hamas unity government, and only 5% chose Hamas as the preferred sole authority.

Marwan Barghouti preferred replacement of Mahmoud Abbas

Asked about who they thought should replace PA President Mahmoud Abbas, imprisoned Fatah leader Marwan Barghouti was preferred by 34% of those polled, followed by Abbas’s deputy, Hussein al-Sheikh, who received support from just 8% of the respondents.

Unemployment was the greatest concern among 97% of those polled, while 96% also identified settler violence as a major issue. 14% reported that they had been a direct victim of settler attacks, 22% said they heard first-hand testimony from someone they knew who had experienced harm, and 33% said they were exposed to cases of settler violence through the media and social networks.

The majority, 91%, also expressed concern regarding IDF operations in the West Bank, while 60% said they had a low or very low sense of personal security.

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Yashar chairman Gadi Eisenkot denied on Wednesday that he promised to bring Ra’am into a future coalition or government, saying his party did not discuss the composition of a future government during a meeting with Bedouin local authority heads.

The denial followed an N12 report in which northern Bedouin local authority heads who met Eisenkot on Tuesday claimed he had promised to bring Ra’am into a government he would lead.

Mu’id al-Heib, head of the Tuba-Zanghariya Local Council, told Radio Nas that Eisenkot had said contacts were underway with Ra’am and that he would work to include the party in his next government.

The party shared footage of Eisenkot’s meeting with the Bedouin leaders

Yashar rejected the report outright, and also released footage of Eisenkot’s meeting with northern Bedouin local authority heads, which took place on Tuesday.

GADI EISENKOT, head of the Yashar party, speaks at the Muni Expo 2026 conference in Tel Aviv on Wednesday. (credit: Avshalom Sassoni/ Flash90)

Yashar also distributed a separate clip of remarks by Eisenkot from the meeting and a clip of remarks by al-Heib.

The party stressed that Eisenkot did not discuss the makeup of the next government at any point during the meeting.

“Throughout the entire meeting, as well as during the meal that took place afterward and was also documented, Eisenkot did not refer at all to the structure or composition of the next government,” Yashar said.

“Any other publication on the matter is a complete lie.”

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There is reason to be cautiously optimistic about the trajectory of the current Ebola outbreak in the Democratic Republic of the Congo, the director-general of the World Health Organization said Wednesday.

In a news conference in Geneva, Tedros Adhanom Ghebreyesus said disease transmission rates are declining in most of the affected provinces, though he warned there are months of work remaining to get the outbreak under control.

Read the rest…

This post was originally published here. 

Unusual involvement by the US Secret Service has been evident in preparations for Prime Minister Benjamin Netanyahu’s visit to the UN General Assembly in New York, a diplomatic source told The Jerusalem Post on Wednesday.

The source, familiar with the details, also confirmed that Netanyahu will land at Newark Airport in New Jersey, closer to Manhattan than JFK Airport in Queens, where the prime minister’s plane usually parks.

The source denied that the decision could be connected to New York Mayor Zohran Mamdani or to concerns over a possible provocation. He clarified that the matter stems from discussions with the airport over where the plane will be parked during the current visit and how it will be secured.

Netanyahu is expected to land in New York on Wednesday, September 23, and address the UN at 9 p.m. Israel time, and return to Israel before Sukkot, on September 25.

New York Mayor Zohran Mamdani enters for a press conference to ask for the release of Federal Counterterrorism Funding in New York City, US, September 1, 2026. (credit: REUTERS/Heather Khalifa)

Netanyahu prepares to depart for UNGA after NYC Mayor Mamdani admits he cannot arrest him

According to the source, a preparatory delegation from the Prime Minister’s Office and the VIP security unit arrived on Tuesday night to finalize details of the visit.

Last month, sources in the New York Police Department estimated that more than 60 police officers and detectives could be involved in the direct and perimeter security arrangements surrounding Netanyahu, alongside federal, diplomatic, and Israeli security personnel.

Mamdani has previously addressed the possibility of Netanyahu traveling to New York for the UN General Assembly after pledging during his election campaign to order the prime minister’s arrest in accordance with a warrant issued against him by the International Criminal Court.

“I believe Netanyahu belongs in The Hague,” Mamdani said. “He is a war criminal who has been charged by the International Criminal Court.”

“This is a view that many people hold, simply because of the consequences of his actions in recent years,” he added. 

The NYC mayor then said that it was clear that “we do not have the independent legal authority to enforce this warrant.”

Still, he asserted that Netanyahu “is not welcome in New York City.”

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Sam Altman, the billionaire CEO of OpenAI, spends his days at the center of the AI revolution—but when it comes time to unwind, he’s just like millions of Americans who enjoy scrolling through TikTok before bed.

“I happen to like short-form video,” Altman said this week in conversation with Salesforce CEO Marc Benioff. “I happen to like the ability to watch 5 or 10 minutes of short-form video before I go to bed as a way to unwind and relax a little bit.”

But Altman’s relationship with TikTok-style videos hasn’t always been so measured. The 41-year-old has said that he first got into TikTok while OpenAI was developing Sora, its now-defunct video generation app, to better understand the short-form video experience. What started as a few minutes of scrolling before bed soon turned into an hour. Then, one Saturday afternoon, Altman found himself scrolling for three hours.

He eventually decided he had to temporarily step away from the app.

“I deleted TikTok because it was just too powerful,” Altman said during an episode of the Relentless podcast released in July. “I think the iPhone is amazing and yet I did not feel like I had enough self-control to keep that app.”

Altman wouldn’t let his kids near TikTok: ‘I do think it’s dangerous’

It may come as no surprise that Altman, who served as president of startup incubator Y Combinator between 2014 and 2019, would be curious about one of the tech industry’s most popular new formats. But his own experience with TikTok has given him a more cautious view of just how powerful short-form video can be.

As a father of a young son, Altman said he doesn’t believe the technology is appropriate for everyone—particularly Gen Alpha.

“I wouldn’t let my kids near that stuff, and I don’t think it’s reasonable to expect kids to be able to resist that dopamine thing or know that they even should,” Altman said. “I don’t think short form video is inherently evil, but I do think it’s dangerous.”

His concerns are reflected in some of the experiences teenagers report having on TikTok. In a survey released this year of TikTok users ages 13 to 17, 28% said they spend too much time on the app, while 37% said it has negatively affected their sleep and 29% said it has hurt their productivity, according to Pew Research Center.

After becoming a parent via surrogacy early last year, Altman has also said it changed the way he thinks about the broader stakes of the technology he is helping build. Fatherhood has made him think more deeply about the importance of getting AI right for humanity.

Like Altman, some CEOs are tuning into TikTok to understand Gen Z—and decompress

Altman isn’t the only business leader thinking about how to use social media both personally and professionally.

Feng Ren, co-CEO and head of drug research and development at Insilico Medicine, an AI drug discovery startup, recently said that one of his recommendations for protecting health and well-being is to deliberately set aside time during the day to step away from the chaos.

“The first thing I will do is sit on a sofa and relax,” Ren said at Fortune’s Leaders Forum in Macau earlier this month. For him, that often means reading WeChat messages and the news for 15 to 30 minutes—but he added that he’s in favor of scrolling on social media in moderation.

“I recommend people do it more,” Ren even said.

Other executives, like Virgin Group CEO Josh Bayliss, have said they scroll on apps like TikTok not just for entertainment, but to understand the younger consumers their businesses are trying to reach.

“The zeitgeist is not people in their 50s like me,” Bayliss previously told Fortune. “The zeitgeist is 20-something year olds who are shaping the culture that we have an obligation to serve.”

“You’ve got to have the volume turned up 24/7, honestly,” Bayliss added.

For Altman, though, when all else fails, he often returns to a more analog hobby: reading books.

“I love reading,” Altman told Fortune last week on the Titans and Disruptors of Industry podcast. “One of my hobbies is to read first-party contemporaneous accounts of previous technological revolutions.”

This story was originally featured on Fortune.com

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San Diego County Sheriff’s deputies are investigating vandalism cases targeting two homes in Imperial Beach where swastikas and antisemitic graffiti were drawn.

According to the San Diego County Sheriff’s Office, deputies responded to a residence in the 100 block of Elm Avenue shortly after 2:30 p.m. on Saturday – during Rosh Hashanah – where a swastika and antisemitic messaging had been marked on the exterior of the home using a black permanent marker.

In an aerial view, luxury single-family homes and residential neighborhoods are seen along the coastal community of La Jolla on August 28, 2026 in San Diego, CA. (credit: Kevin Carter/Getty Images)

Second property vandalized on same day

Later that same day, authorities received reports of similar vandalism at a second property located in the 700 block of Seacoast Drive, where a swastika and additional graffiti were discovered on a window.

Detectives assigned to the Imperial Beach Sheriff’s Substation have launched an investigation into the incidents.

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Syria‘s parliament voted on Wednesday to abolish an Assad-era terrorism court and nullify the legal effects of its rulings, state-run Al-Ikhbariya TV reported, in one of the first significant legislative moves by the country’s new assembly.

The Counter-Terrorism Court was established in 2012 as then-president Bashar al-Assad sought to suppress an uprising against his rule, and it was used to prosecute thousands of Syrians for terrorism-related offenses.

The move formalizes the court’s abolition after Syria’s new authorities had already treated it as defunct. In June 2025, Syrian President Ahmed al-Sharaa issued a decree dismissing 67 judges who had served in what he described at the time as the “abolished Counter-Terrorism Court.”

Syria’s March 2025 constitutional declaration had also called for abolishing the effects of what it described as unjust rulings issued by the court, including returning confiscated property.

The United Nations Human Rights Committee said in 2024 that the 2012 law establishing the court failed to adequately provide key judicial guarantees and raised concerns over arbitrary detention, torture or ill-treatment, and the court’s independence. It also noted that the court could depart from ordinary procedures during prosecution and trial.

UN High commissioner for Human Rights Volker Turk (3rd L) delivers his speech during the 63rd session of United Nations (UN) Human Rights Council, in Geneva, on September 7, 2026. (credit: Fabrice COFFRINI / AFP via Getty Images)

UN: Assad government used court to prosecute tortured detainees 

The UN’s International, Impartial and Independent Mechanism said in a 2024 report that the Counter-Terrorism Court formed part of the judicial system through which detainees held by Assad-era security agencies could be prosecuted. The report documented widespread and systematic torture and ill-treatment across the government’s detention system.

Wednesday’s vote came during the opening weeks of the first parliament formed since Assad was toppled in December 2024. The chamber convened for the first time in July.

The vote is among the assembly’s first major legislative decisions after it spent its initial sessions establishing its internal rules and committees. It held a hearing this week with Syrian Education Minister Mohammad Abdul Rahman Tarkou over the state of the country’s schools and is due to question the energy minister on Thursday over a sharp rise in fuel prices.

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The IDF informed residents of northern Israel that it would be striking sites in southern Lebanon on Wednesday.

In a message received by northern residents, the IDF warned about loud explosion noises that would be heard across the region.

Later, Lebanese reports alleged that the IDF had struck in the village of Al-Mansouri and in Nabatiya.

This is a developing story.

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The Justice Ministry’s Legal Aid Department opened 154,552 files in 2025, with family and debt matters accounting for most of its caseload, according to its annual report published on Wednesday.

Personal-status matters made up 35% of the files opened, and debts accounted for 30%, the report’s breakdown shows. Civil matters accounted for a further 10%, and National Insurance matters for seven percent. The figures describe files opened during the year, rather than the number of people represented or the outcomes of their cases.

The report also describes legal work arising from the October 7 attacks and the war. It says the department opened more than 3,500 files for bereaved families, families of hostages and returnees, and families of people murdered in the attacks between October 2023 and the second half of 2026. 

The department says it assists eligible immediate family members with benefits, inheritance, banking, housing and insurance matters, among others. Returned hostages can also seek help with legal needs connected to their captivity or the war. Assistance under this program is provided without a financial means test.

Some families are pursuing recognition as victims of hostile acts after witnessing attacks on relatives by telephone, messages or video.

View of the Justice Ministry in Jerusalem, October 3, 2019 (credit: YOSSI ZAMIR/FLASH90)

Dozens of bereaved and hostage families appealing decisions

The department says it represents dozens of bereaved and hostage families appealing decisions by the approving authority.

It argues that relatives who witnessed the attacks remotely should be eligible for recognition; according to the report, the appeals remain pending before an appeals committee at the Tel Aviv District Court.

The report also points to a 2025 Supreme Court ruling in a debt case handled by legal aid. A woman whose actual earnings were below minimum wage challenged a monthly payment set during her debt proceedings.

The court held that minimum wage could not simply be treated as proof of what she earned or could earn, and sent the matter back for an assessment of her individual circumstances. The ruling did not itself set a new payment amount.

In another development, a law passed in December 2025 allows people aged 65 and over to seek legal aid in specified cases of alleged financial exploitation without a financial means test. The exemption applies to those cases, rather than to every legal matter involving an older person.

The wartime recognition appeals remain an open question. Their outcome will determine whether the families bringing those claims qualify for recognition on the basis of what they witnessed remotely.

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In an emotional moment at the world premiere on Sunday of Avi Nesher’s Our Loves at the Toronto International Film Festival, the audience gave the film a lengthy standing ovation, which happened again at the second screening on Tuesday.

A third screening is coming up on September 19, and all three screenings sold out.

The Toronto International Film Festival is the largest and most prestigious festival in North America.

Nesher describes his film as the story of  “six people who thought they were having the worst day of their lives on October 6, 2023,” and Our Loves goes on to follow them through the Hamas massacre on October 7. It features a cast of Israel’s top stars, including Shalom Michaelshwilli, Magi Azarar, and Yaniv Biton, with several newcomers, including Daniel Gimpel and Noa Cohen. Biton, Cohen, and Gimpel accompanied Nesher to the screenings and joined him on stage afterward.

Alongside the enthusiastic response in the theater, the film has also received positive reviews and reactions following its Toronto debut, a particularly significant achievement given the current anti-Israel climate, especially since it was the only Israeli movie at Toronto this year, a festival that used to show multiple Israeli films every year.

(Left to right): Keith Bennie and Avi Nesher with Our Loves cast members Noa Cohen, Yaniv Biton, and Daniel Gimpel.  (credit: Our Loves PR)

Early buzz around the film

The movie was the subject of articles in Variety and The Hollywood Reporter, two important film industry publications.

“Can you believe it?” Nesher said after the second screening. “Maybe we did, in our own way, initiate the beginning of change. We had a sold-out premiere and also an amazing second screening – a full house again and another standing ovation at the end of the film.”

Our Loves will have its Israeli premiere on September 26, when it will be the opening-night movie at the Haifa International Film Festival, and will open in theaters around the country on October 15. Its release dates around the world will be announced soon.

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Chester Zoo blamed a computer error after its website advertised tickets for a “child predator tour,” an unfortunate name for a guided experience showcasing tigers, lions and other predatory animals.

The 90-minute private bus tour at the zoo in Cheshire, England, was quickly renamed after visitors spotted the wording and mocked it online.

A zoo spokeswoman said the mistake was “due to our default naming convention in our system”, but it was “quickly changed”.

The listing was intended to promote a tour featuring the zoo’s Sumatran tigers, lions, rhinos and Komodo dragons. Tickets for children were priced at £25, but appeared online as tickets for a “child predator” tour. Adult tickets, costing £30, were similarly advertised as “adult predator” tickets.

The wording quickly caught the attention of visitors online.

A one-year-old white lion (Panthera leo) from South Africa is seen during a press presentation at La Aurora Zoo in Guatemala City on September 9, 2026. (credit: Johan ORDONEZ / AFP via Getty Images)

“I hope this has been cleared by Cheshire Police – seems a bit dangerous,” one person remarked.

Another wrote: “Staggering – how did that get approved?”

Visitors will be in no danger of child predators while on the tour

The attraction itself promises visitors an early, crowd-free look at some of the zoo’s best-known animals from an electric tour bus.

“Discover the predators of the animal kingdom, and their prey in our brand new guided tour,” the zoo’s website said.

“You’ll be the first visitors in the zoo as you board our electric tour bus and enjoy 90 minutes of the zoo all to yourself.

“Come face to face with some of the zoo’s most iconic animals, away from the crowds, including our family of Sumatran tigers.

“Your expert tour guides will be on hand to share fascinating facts about some of nature’s most effective hunters.”

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Even an attack on Islam’s holiest city has not been enough to unite the Middle East in responding to the Iranian axis, Bahraini political analyst Dr. Ahmed Alkhuzaie told The Jerusalem Post on Wednesday, a day after Saudi Arabia said its air defenses had shot down a Houthi drone south of Mecca.

Alkhuzaie claimed that Middle Eastern states have been too dysfunctional for years now and were left unable to respond to the threats posed by the Iranian axis.

After choosing their political “ideology over sustainability and even religion,” he claimed that only Morocco and Jordan had been able to align themselves with the Gulf states. He argued that Lebanon is preoccupied with reasserting sovereignty domestically, Egypt has been focused on its financial difficulties and other regional concerns, while countries such as Algeria have other allegiances to consider, particularly after severing diplomatic ties with the United Arab Emirates last week.

With the current lack of alignment in mind, Alkhuzaie predicted that there would be yet more reshuffling in the conventions and alliances that span across the region, including the Mecca Joint Defense Agreement signed by Riyadh, Islamabad and Ankara last month.

“I can see some Arab nations getting closer to Israel, being pragmatic enough to serve the main purpose that is sovereignty over mediocrity,” he theorized.

Middle Eastern leaders pose before the first committee meeting under the joint defence accord, the ''Mecca Joint Defence Agreement'', in Istanbul, Turkey, August 31, 2026. (credit: MURAD SEZER/REUTERS)

Growing hopes of expansion of Abraham Accords

Despite once promising that it would be the last country to normalize relations with Israel, there are growing hopes that Kuwait may join the Abraham Accords. Yossi Shelley, Israel’s ambassador to the UAE, told KAN on Tuesday that another country, possibly Kuwait, could join the accords within four to six months. The comments come despite Kuwait’s 2021 amendments to its Israel boycott law, which introduced more punitive measures against those who engage socially or economically with Israeli citizens or entities.

The Houthis attack on Mecca, though dismissed by the group’s spokesperson Yahya Saree, has demonstrated to Muslims across the region that “this is not a religious war as Iran is portraying it,” he said.

The attack on the birthplace of the Islamic prophet Mohammed and the home of the Kaaba (the center of Islam’s most important mosque) clearly communicated that neither the Houthis nor Iran “care about religion as they advertise,” he said.

With this gap in narrative and action clearly visible, Alkhuzaie said it was predictable that the Houthis would deny responsibility for the attack. However, he believed that the Houthis would blame Israel for the attack as a way to cause more incitement and justification for the axis’s attacks on American assets. 

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Saudi Arabia faces a potential two-front conflict as it weighs what to do about the Houthi advance. The Houthis swept down the coast of the Red Sea and took islands near the Bab al-Mandeb Strait. Meanwhile, the Iranian-backed militias in Iraq attacked the key East-West pipeline in Saudi Arabia.

The Houthis then attacked Saudi Arabia as well and even threatened Mecca on September 15.

Saudi Arabia has been in talks with US Central Command (CENTCOM), other Gulf states, and partners about what to do next. Reports even suggest Israel and Saudi Arabia could have new interests in common. However, it doesn’t appear the US will challenge the Houthis.

The US is monitoring the situation, and the Houthis are spreading messaging to the White House that they are not seeking confrontation. Riyadh now appears more alone than before.

The other Gulf states were considering a meeting in Oman with Iran. US Secretary of State Marco Rubio has praised Oman, months after US President Donald Trump had threatened Oman.

In this handout screen grab captured from a video provided by the Houthi group media center on September 7, it shows the targeting of the targeting of several vans by ballistic missiles launched by the Houthi group once they arrived at Al-Wadiah military camp, allegedly carrying military supplies, (credit: Handout by Houthi Media Center via Getty Images)

What comes next?

Reuters reported that the Houthi advance represents one of Saudi Arabia’s most serious setbacks in Yemen in years. The offensive illustrated weaknesses in Saudi Arabia’s assessments and the command structure of the Saudi-backed Yemen government fighters in Yemen. Saudi Arabia’s crown prince went to Cairo this week. Egypt could back a Saudi response.

The Houthis maneuvered tens of thousands of fighters into position last week around September 8 before their offensive. Media in the region initially suggested Houthi setbacks. Saudi-backed Yemeni forces subsequently collapsed during the offensive on the Red Sea. Riyadh knows it will not get major Western backing. It is in the same position it was in 2019 after the Iranian attack on Abqaiq.

The Houthi gains also have broader strategic implications. Control of territory overlooking Bab el-Mandeb could enable the group to threaten shipping and Saudi energy exports while expanding connections toward the Horn of Africa. Currently, the Houthis have not done much, but their presence means they can strike easily. This is a Sword of Damocles hanging over the Bab al-Mandeb.

The Houthis have launched attacks on Saudi Arabia over the last month. Over the last two months, they also sought to invite Iranian regime members to Sana’a, provoking Saudi Arabia. Iran is showing that although isolated by a US blockade, it can strike elsewhere.

As such, the Iranians now put Saudi Arabia in a multi-front bind. Saudi Arabia is a wealthy country, and it has many strategic sites. It has more to lose than the Houthis or Iranian-backed militias in Iraq. Recently, the Houthis said they fired dozens of drones and missiles at the kingdom, prompting the Saudi Civil Defense to issue brief alerts in the neighboring cities of Khamis Mushait and Abha, according to reports at Arab News and Al-Arabiya.

“Iran does not interfere in Yemeni affairs,” Iran’s foreign ministry spokesman Esmaeil Baqaei told reporters on Monday. They claim the Houthis are “entirely independent actors who make their decisions based on their own interests.” The Houthis are upping their rhetoric.

Houthi strikes target air hangars, radars, ammunition

The Houthis’ military spokesman Yahya Saree said this week that the group’s strikes targeted “fighter jet hangars, radars, runways, ammunition depots” at King Khalid Air Base in Khamis Mushait. The Houthis claim Saudi Arabia has carried out 300 airstrikes.

The Houthis have shown they can weather the storm and make advances in the past. Formerly known as Ansar Allah, they emerged from Yemen’s Zaydi Shi’ite community in the north of Yemen. The movement fought a series of wars against Yemen’s government between 2004 and 2010.

After the upheaval of the Arab Spring, the Houthis expanded beyond their traditional stronghold in Saada and seized Sanaa in September 2014. Yemen’s President Abd-Rabbu Mansour Hadi eventually fled, setting the stage for regional intervention.

In March 2015, Saudi Arabia assembled a coalition of Arab countries, including the United Arab Emirates and Egypt, to intervene in Yemen.

The war initially pushed the Houthis back from southern Yemen, but the group retained Sanaa and much of the northern highlands.

Years of airstrikes and ground fighting failed to dislodge them. However, there was a crisis with Qatar in 2017, and the Saudi focus on Yemen shifted.

The Houthis developed increasingly sophisticated missile and drone capabilities. Iranian technology and weapons transfers helped transform their capabilities.

UN investigators have documented Iranian-origin missile components and UAVs and concluded that the Houthis could not produce many of their more sophisticated systems without foreign support. By 2017-2021, the Houthis were often launching ballistic missiles and drones deep into Saudi Arabia.

The Saudi-UAE coalition increasingly fractured over the last two years. Abu Dhabi backed southern forces, called the Southern Transitional Council, while Riyadh continued supporting Yemen’s internationally recognized government.

The UAE reduced its direct military presence beginning in 2019. A UN-mediated truce beginning in April 2022 largely ended Houthi cross-border attacks on Saudi Arabia.

Beginning in late 2023, the Houthis launched missiles and drones toward Israel to back Hamas. Israel carried out strikes on the Houthis as well. The US tried to protect shipping in the Red Sea. In March 2025, the Trump administration even carried out strikes on the Houthis.

However, the Houthis have shown, time and again, that they can emerge from these blows. 

This post was originally published on here. 

Amid growing concerns about the potential dangers of artificial intelligence, the full New York City Council will convene early next month to examine the technology’s potential risks, with AI industry leaders invited to testify. Speaker Julie Menin on Tuesday sent letters to OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei, inviting them to join the Council on October 5 for a special public hearing on AI. The hearing follows a recent incident in which OpenAI agents went rogue and hacked into a company’s infrastructure, as well as warnings from leading industry figures that AI could cause catastrophic harm, including human extinction.

It is rare for the full City Council to convene for a special hearing. Menin has designated the session as a “Committee of the Whole,” a type of meeting reserved for high-priority issues where every Council subcommittee is represented and every council member is invited, according to the New York Times.

For years, AI has attracted growing investment and attention from the federal government, businesses, and individuals, who see the technology as a way to improve efficiency, automate tasks, enhance quality of life, and even help cure diseases.

However, AI’s rapid evolution, along with the Trump administration’s rejection of calls to regulate the industry, has fueled growing opposition among political and technology leaders who are calling for a slowdown in the technology’s development.

Recent developments have also prompted prominent figures in the AI industry who previously opposed regulation to reconsider their positions. Amodei, co-founder and CEO of Anthropic, an AI safety company, echoed concerns about the technology on Saturday when he released a 3,800-word open letter calling for a slowdown in AI development.

Amodei noted the now-infamous Hugging Face incident. From early to mid-July, OpenAI’s AI agents went rogue during a cybersecurity evaluation and hacked into Hugging Face, a digital library of AI models popular among developers.

The incident began when OpenAI tested the models, including one that had not yet been released, to assess their ability to conduct cyberattacks. Although the models were supposed to be isolated in secure testing environments known as sandboxes, they were able to escape the sandbox and connect to the internet, according to the Times.

The agents then targeted Hugging Face because they believed the platform, which hosts millions of AI models, could contain information that would help them essentially cheat on their evaluation. Roughly 700 agents participated in a multi-day attack, running code on dozens of Hugging Face servers and taking full control of one, according to NBC.

While the AI agents were eventually brought under control with little harm done, the incident has served as a wake-up call for many in the industry. Altman, co-founder and CEO of OpenAI, who has previously opposed some calls for regulation, recently said he agreed with Amodei’s call to slow the pace of AI development.

Following the incident, Amodei said that, within six to 12 months, AI agents could be capable of “taking over the entire internet,” potentially causing “hundreds of billions of dollars” in damage, a warning Menin cited in her letters.

Even Elon Musk, a prominent Trump ally and owner of AI company xAI, said in a Saturday post on X that “Dario is right.” Musk has previously estimated that there is a 10 to 20 percent chance AI could “go bad,” describing the technology as potentially more dangerous than nuclear weapons.

Worries about AI have also crossed the political divide. On Tuesday, Sen. Bernie Sanders, a Democratic socialist, and Stephen Bannon, a prominent figure in the MAGA movement, appeared at a conference in Washington, where they gave back-to-back speeches condemning the billionaires who run the nation’s largest tech companies and urged Americans to demand tighter restrictions on AI before its capabilities exceed human control.

Growing concerns over AI, coupled with heightened calls for regulation from industry insiders, have prompted NYC officials to examine the technology’s role in the five boroughs. In her letters to the CEOs, Menin cited a “recent wave of alarming reports exposing the potential for A.I. to cause unparalleled cataclysmic harm” in calling for the hearing.

Opposition to large AI data centers has emerged across the country and in states where developers have proposed new facilities. According to a Times/Siena poll of likely American voters released Tuesday, 61 percent of respondents opposed the construction of data centers that power AI.

Many communities have raised concerns about the environmental impacts and rising energy costs associated with the facilities.

In July, New York became the first state in the nation to impose a statewide moratorium on new large data centers. The one-year pause temporarily halts the construction of new data centers that require 50 megawatts or more of power, giving officials time to develop measures to protect New Yorkers and the environment.

Educators and parents have also voiced concerns about the use of AI in schools and its potential impact on student learning. Addressing those concerns, Mayor Zohran Mamdani earlier this month announced a one-year ban on student-facing generative AI for public school students in 2K through eighth grade.

During a Monday press conference, Mamdani called for a “far greater response” from the federal government to what he described as “incredibly alarming” reports about incidents, including the Hugging Face attack and AI’s potential for catastrophic harm.

“Like many Americans across the country, the news coming out of this technology in recent days and weeks has been incredibly alarming,” Mamdani said. “We are speaking about reports that include suggestions that this could lead to the end of humanity.”

“Whether it’s the Hugging Face incident or the assertion of one of the heads of Anthropic that these kinds of incidents are occurring at every single AI company, we should be seeing a far greater response from the federal government,” he added.

During an appearance on WNYC’s “The Brian Lehrer Show” on Wednesday, Menin responded to a question about the purpose of the special hearing and whether experts beyond Altman and Amodei are expected to attend.

“Absolutely, that is the purpose of the hearing, bringing in experts from around the country,” Menin said. “We have reached out to academic, scientific, and research experts among the best and brightest in their industries.”

“This is something really important, and we need to get a much better understanding of these real safety concerns that have been raised and how they plan on addressing them,” she added. “Additionally, how, legislatively, we as a body can put in place responsible safeguards.”

She also emphasized that the Council expects Amodei and Altman to attend the hearing, noting that she has reached out to both OpenAI and Anthropic and, while the body “has subpoena power,” hopes will not have to use it.

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The global artificial-intelligence chip race is moving deeper into consumers’ pockets.

Taiwanese chip designer MediaTek unveiled its new Dimensity 9600 Pro Tuesday, its first smartphone processor manufactured using Taiwan Semiconductor Manufacturing Co.’s cutting-edge 2-nanometer process, as the company pushes to bring more powerful artificial intelligence directly onto smartphones.

The launch represents an important step in MediaTek’s effort to gain ground in the lucrative premium smartphone market, where it competes with U.S. rival Qualcomm and where manufacturers are increasingly using advanced AI capabilities to distinguish their most expensive devices.

But MediaTek’s ambitions now extend far beyond phones.

The company is simultaneously expanding into the booming market for data-center AI chips, with its first AI accelerator designed for a major U.S. cloud-service provider expected to enter mass production during the fourth quarter of 2026.

Together, the moves illustrate how the AI semiconductor race is expanding from massive data centers into everyday consumer devices.

AI Moves From the Cloud to the Phone

For smartphone users, one of the most important features of the Dimensity 9600 Pro is its ability to process increasingly sophisticated AI workloads directly on the device.

The chip contains a dedicated neural processing system designed for generative and so-called agentic AI applications. MediaTek says its NPU 1090 provides 51% faster large-language-model prefill performance than the previous generation while improving the amount of AI processing delivered for each watt of power consumed.

That matters because today’s AI applications often depend heavily on cloud data centers.

When more processing happens locally on a smartphone, certain AI features can potentially respond faster, consume less network bandwidth and keep more information on the device instead of continuously transmitting data to remote servers.

MediaTek envisions phones running AI systems capable of remaining active in the background, understanding context and assisting users across multiple applications.

Why 2 Nanometers Matters

The “2-nanometer” designation refers to a new generation of semiconductor manufacturing technology rather than the literal measurement of every component inside the processor.

The important point is that advanced manufacturing processes allow chipmakers to pack increasingly sophisticated computing capabilities into small, power-constrained devices such as smartphones.

MediaTek says the new processor provides up to 17% higher single-core CPU performance and 15% higher multi-core performance compared with the previous generation. It also claims a 61% reduction in multi-core power consumption under its comparison conditions.

Efficiency is particularly important for AI smartphones.

AI workloads can require substantial computing power, but a smartphone still has to operate on a relatively small battery without becoming excessively hot.

The industry therefore is not simply competing to make AI processors faster. Manufacturers are racing to perform more AI calculations while consuming less electricity.

Flagship Smartphone Battle Intensifies

MediaTek has traditionally held a powerful position across the broader smartphone-chip market, but the premium segment is particularly attractive because higher-priced phones can generate better margins for semiconductor suppliers.

The company said the first smartphones powered by its Dimensity 9600 Pro and newly introduced Dimensity 9600M are expected to launch this quarter. The 9600M uses TSMC’s 3-nanometer process and is intended to bring flagship-level capabilities to a broader group of devices.

MediaTek already supplies chips to major Chinese smartphone manufacturers including Xiaomi, Oppo and Vivo.

The new processor also targets more than AI.

MediaTek says the 9600 Pro supports higher-performance gaming, advanced computational photography, LPDDR6 memory and UFS 5.0 storage. Its graphics processor delivers up to 27% greater peak performance than its predecessor while using less power at peak performance, according to company testing.

MediaTek Wants a Piece of the Data-Center AI Boom

Perhaps more significant for MediaTek’s long-term business is what is happening outside smartphones.

Technology companies are spending enormous amounts building data centers capable of training and running artificial-intelligence models, creating a lucrative market for specialized processors.

MediaTek is expanding into custom data-center chips and AI accelerators to capture part of that demand.

Reuters reported that the company’s first AI accelerator for a major U.S. cloud-service provider is expected to begin mass production in the fourth quarter of 2026.

The customer’s identity was not disclosed in the report.

The expansion places MediaTek in a broader semiconductor race in which companies are increasingly developing specialized processors rather than relying exclusively on general-purpose computing chips.

Billions Flow Into AI Chips

Investor interest in MediaTek’s AI strategy has also been substantial.

Reuters reported that MediaTek raised $3.9 billion through a convertible bond sale last month. Nvidia invested $3.5 billion in the offering, while Alphabet — a longtime MediaTek partner in AI infrastructure — also participated.

The investments underscore how semiconductor companies are positioning themselves for a world in which AI computing takes place across multiple layers of technology.

At one end are enormous data centers containing thousands of specialized accelerators.

At the other are billions of consumer devices — smartphones, computers, automobiles and connected electronics — increasingly capable of performing AI tasks locally.

MediaTek is attempting to participate at both ends.

What It Means for Consumers

For consumers, the biggest change may eventually be that sophisticated AI becomes a standard part of the smartphone itself rather than simply an application connected to a distant server.

Phones could increasingly analyze information, edit photographs and video, run AI assistants and perform generative-AI tasks directly on the device.

That transition will depend not only on better AI models but also on processors capable of running those models without destroying battery life.

The Dimensity 9600 Pro represents another step toward that goal.

And as MediaTek simultaneously prepares a data-center AI accelerator for mass production, the company’s strategy illustrates just how broad the semiconductor battle has become.

The next phase of the AI chip race will not be fought only inside giant server farms.

It will increasingly be fought inside the device consumers carry in their pockets every day.

JBizNews Desk | Trenton, N.J.
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A major disruption to Russia’s diesel industry is adding fresh pressure to global fuel markets, with three of the country’s six biggest diesel-producing refineries either shut down or operating at sharply reduced capacity following drone attacks.

The six facilities together normally account for roughly half of Russia’s diesel production, according to Reuters calculations based on information from fuel-market participants. The outages come as diesel supplies are already tight globally and the U.S. national average has climbed above $6 a gallon for the first time, increasing costs for trucking companies, farmers, railroads and businesses that depend on freight transportation.

Russia’s Kirishi refinery has been completely shut down, while the Volgograd refinery and NORSI are operating at only about one-quarter of their nameplate capacity, sources told Reuters. Diesel production at the affected plants is several times below normal levels.

The six major facilities identified by Reuters are Omsk, Kirishi, TANECO, Volgograd, NORSI and Perm.

Drone Attacks Hit Russian Refining Capacity

The refinery disruptions are part of a broader campaign of Ukrainian attacks against Russian energy infrastructure.

Ukraine says Russian refineries are legitimate military targets because petroleum products and energy revenues support Moscow’s war effort. Russia, meanwhile, has also repeatedly attacked Ukrainian energy infrastructure.

The frequency of the refinery disruptions has become significant. According to the International Energy Agency figures cited by Reuters, a Russian refinery was successfully hit by drones an average of once every three days during the first eight months of 2026.

The latest damage has forced Moscow to restrict exports of gasoline, diesel and jet fuel in an effort to protect supplies for its domestic market. Russia is now also moving to extend diesel export restrictions through the end of October, Reuters reported Wednesday.

That matters far beyond Russia.

Before the restrictions, Russian diesel and lower-quality gasoil exports totaled approximately 3.3 million to 3.4 million metric tons per month during normal refinery operations a year earlier. Turkey and Brazil had been among the largest buyers.

Removing even part of that supply from international markets can intensify competition for diesel produced elsewhere.

U.S. Diesel Breaks $6

American consumers and businesses are already feeling the consequences of an unusually tight global fuel market.

The U.S. national average diesel price surpassed $6 per gallon for the first time on September 10, according to GasBuddy data reported by Reuters.

The Russian refinery outages are not the only reason.

The global diesel market is being squeezed simultaneously by disruptions in the Middle East, crude oil prices above $100, restrictions on Russian fuel exports and damage to refining capacity.

U.S. diesel inventories were also running approximately 13% below their five-year average when prices crossed $6, adding another layer of pressure to the domestic market.

Why Diesel Matters to Almost Everything Americans Buy

Diesel is one of the most important fuels in the U.S. economy.

Heavy trucks use it to move merchandise between ports, warehouses, stores and distribution centers. Trains use diesel to haul agricultural products and other freight across the country. Farmers depend on it to operate tractors, combines and other heavy equipment.

Ships, construction equipment and many industrial operations also rely on diesel.

That means a diesel price increase can travel through the economy even for consumers who never personally buy the fuel.

A grocery store receiving food by truck, for example, may face higher transportation charges. A farmer harvesting corn or soybeans pays more to operate machinery. Distributors transporting merchandise between warehouses and stores can see their freight bills rise.

Those additional expenses can eventually contribute to higher prices for consumers.

Farmers Already Feeling the Squeeze

The timing is particularly difficult for American agriculture as the fall harvest gets underway.

Fuel surcharges on U.S. grain shipments have risen dramatically. The average surcharge reached 48 cents per rail-car mile during the second week of September, up 153% from the weighted average a year earlier, according to USDA data reported by Reuters.

Those fuel surcharges now represent approximately 11% of total rail transportation costs for corn and soybean shipments, compared with 5% a year earlier.

For farmers already facing high input expenses, another increase in transportation and equipment costs can further squeeze margins.

Trucking Costs Could Reach Consumers

The trucking industry faces a similar challenge.

Unlike gasoline, which is primarily associated with household transportation, diesel is deeply connected to commercial activity.

Nearly every physical product purchased by an American household spends at least part of its journey on a truck, train, ship or other diesel-powered equipment.

When fuel becomes substantially more expensive, trucking companies can attempt to pass those expenses along through fuel surcharges and higher freight rates.

That can affect everything from groceries and construction materials to furniture and consumer goods.

Multiple Supply Problems Collide

The global diesel shortage is particularly difficult because several disruptions are happening simultaneously.

Russian refinery capacity has been damaged, Moscow has restricted fuel exports, Middle East conflict has disrupted energy flows and crude oil prices have again moved above $100 a barrel.

Russia’s refinery problems also appear to be continuing.

Reuters reported Wednesday that the Syzran and Saratov refineries had stopped processing following separate drone attacks, further complicating the country’s fuel shortage. Syzran’s main crude-distillation unit was heavily damaged and could require at least a month of repairs, according to industry sources.

The combination leaves global fuel markets with less room to absorb additional disruptions.

What Happens Next

For American consumers and businesses, the key question is whether global diesel supplies can recover quickly enough to bring prices back down.

A restoration of Russian refining capacity, increased production elsewhere or an easing of Middle East energy disruptions could relieve some pressure.

But continued refinery outages and export restrictions could keep international diesel supplies tight.

For trucking companies, farmers and businesses, the consequences are immediate: every additional dollar spent on diesel raises the cost of moving goods through the economy.

And when transportation becomes more expensive, those costs rarely stay confined to the truck, train or tractor.

They eventually have the potential to reach store shelves, construction sites, farms and household budgets across America.

JBizNews Desk | Trenton, N.J.
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Today’s private credit market is fragmented. Nonbank lenders often depend on several providers to make and manage loans, keep records, distribute payments, and ensure transactions are accurate. Because those providers all rely on different internal systems, the process can be slow and costly. That’s why a Brooklyn-based fintech company called Tare is pledging to simplify the process by using blockchain technology to bring those functions onto a single platform.

Cofounded by credit and crypto veterans Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, Tare announced Wednesday that it had raised a $13.25 million seed round, which closed in March. The company plans to use the funding to build software on the Avalanche blockchain that creates digital records of loans, while automating the administrative work involved in managing them.

Blockchain Capital led the round, joined by Janus Henderson, Strobe Ventures, the Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Individual backers included Aave CEO Stani Kulechov, Tether cofounder Phil Potter, and Privy CEO Henri Stern. Tare declined to disclose its valuation following the seed round. 

In an interview with Fortune, Tare CEO Kevin Miao argued that the difference between what borrowers pay and what investors ultimately earn is often absorbed by the intermediaries that sit between them. Using mortgages as an example, he noted that middlemen costs inflate the interest rates borrowers pay while lowering the yields investors receive. Blockchain-based systems can automate that operational work and eliminate extra costs.

“We deserve to have a system that works for us [and] doesn’t extract from both sides, and we need to build a platform or a marketplace that connects the two sides with no friction,” Miao said. “If we do this, everyone is going to benefit.”

Modernizing credit systems

Certain companies have already made headway in using blockchain to make credit markets more efficient. Figure operates a blockchain-based lending and loan-trading platform, while tokenization platform Centrifuge helps bring real-world assets, including private-credit products, onto blockchain networks. Trading platform Octaura, meanwhile, has developed digital tools to streamline institutional credit trading. 

Rather than trying to compete with existing products, Tare is focused on updating the outdated systems financial firms use behind the scenes to manage loans, said Aleks Larsen, a general partner at Blockchain Capital.

“I don’t see a direct competitor in crypto today. This is the first time we’re taking this entire system and trying to put it on-chain,” Larsen told Fortune. “The old way of doing things is the competitor.”

Tare’s cofounders have spent years working at the intersection of credit and blockchain. Miao began his career at Citigroup in 2014, where he traded subprime mortgage products and helped early fintech lenders access debt capital markets. Inspired by a 2017 paper on using blockchain for securitizations, he later launched BlockTower Credit, a $2 billion institutional private-credit fund focused on bringing real-world credit assets and securitizations onto blockchain networks. Vogelsang cofounded Centrifuge in 2018 and led the company for several years before becoming a venture partner at Blockchain Capital and later turning his attention to Tare.

Miao and Vogelsang first worked together on a deal when BlockTower selected Centrifuge as its tokenization infrastructure partner. They later met Moudgal, who was leading development at Kinexys, J.P. Morgan’s internal blockchain unit. The three concluded that earlier tokenization efforts had addressed only isolated parts of the credit market. At the end of 2023, they left their respective roles to launch Tare.

Besides its New York headquarters, Tare has an office in Lisbon, Portugal. The company will use funds from its seed round to build and expand its loan management software, hire staff, and obtain the licenses needed for its lending arm, Tare Credit LLC, to operate across the United States.

This story was originally featured on Fortune.com

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“I am the house now,” Treasury Secretary Scott Bessent told traders last week, as he defended the administration’s increasingly interventionist approach to the bond market. He added that he had “asymmetric information” about what policymakers would do next and dared investors: “bet against me if you want.”

On Wednesday, Federal Reserve chair Kevin Warsh might effectively take the other side of the bet.

It’s been a hot American summer. Oil is hot, hovering around $110 a barrel. Bond yields are hot, too: the 10-year Treasury yield has pushed above 5%, around its highest level since 2007. Credit markets are running hot as well: U.S.-dollar debt issuance to finance AI and data-center development reached $308 billion through July. And all that borrowing is competing with U.S. national debt, which crossed $40 trillion less than a month ago. Stocks, despite a rough few days, are still up roughly 11% this year. Inflation, meanwhile, remains above 3%.

Put all that heat together, and the Federal Reserve is staring down a question it hasn’t seriously confronted in three years: Is the U.S. economy actually overheating? Markets are betting the Fed thinks the answer is at least “maybe.” Traders have priced a quarter-point hike Wednesday with near certainty.

But whether Wednesday amounts to a one-time course correction or the beginning of a new tightening cycle depends on what, exactly, is making the American economy hot. The last time the Fed began raising rates, in March 2022, Jerome Powell’s Fed ultimately raised its benchmark rate by 525 basis points over 16 months.

Mohamed El-Erian, Wharton professor of practice and chief economic adviser at Allianz, parsed the current fervor and anxiety into four questions on X Tuesday: whether oil-supply disruptions persist, with China potentially acting as a “swing consumer”; whether Treasury Secretary Scott Bessent intervenes again to influence long-end yields; whether this week’s hike proves “one and done” or the beginning of a cycle; and how markets balance AI’s enormous promise against its enormous risks.

The ultimate question is whether the inflationary period we’re experiencing is due to an unusual pileup of supply shocks, or evidence that aggregate demand is running too fast for the economy to handle.

Jon Hilsenrath, the former Wall Street Journal Fed reporter and founder of Serpa Pinto Advisory, falls in the overheating camp. His evidence comes from his preferred metric: nominal GDP, the total dollar value of what the economy produces, without adjusting for inflation. Nominal GDP grew about 6% from a year earlier in the first quarter and more than 6.5% in the second, he told Fortune.

If the economy produces about 2% more goods and services every year, and the Fed wants prices to rise about 2%, then nominal growth around 4% would be equilibrium. At 6% or 7%, something has to give: either America has unlocked an unusual productivity boom, or there’s too much demand for the amount of stuff being produced.

“It sure does look like the economy is overheating,” Hilsenrath said. He pointed to several proximate causes: a federal budget deficit running around 6% of GDP, the historic AI investment boom, and the delayed effects of 175 basis points of rate cuts in 2024 and 2025, all hitting at once.

But Goldman Sachs sees almost the opposite economy. Its economists argue there’s “not a strong economic case” for hiking at all. Their “Bottlenecks Tracker” looks for factory-capacity constraints, labor shortages and wage pressures—the usual symptoms of overheating. But those constraints are now slightly less widespread than before the pandemic, save for a couple of industries closely tied to the AI boom.

Goldman argues much of today’s inflation overshoot comes from tariffs and other supply shocks that higher interest rates don’t fix. “The economy is not overheated,” its economists wrote, “which is the usual rationale for raising rates.”

This is why El-Erian pointed to all four factors as question marks. Oil could be a temporary supply shock that fades without help from the Fed, or a persistent disruption that works its way into inflation expectations. The bond market could already be doing the Fed’s work, since a 5% 10-year pushes up borrowing costs; or the yield spike could be a warning that inflation, deficits and debt issuance are becoming too entrenched.

And then there is AI. If the hundreds of billions poured into data centers lift productivity, then the old 2% “speed limit” could be too low. But in the short run, the same boom is an enormous investment-demand shock, increasingly financed through credit markets and concentrated among companies rich enough that another quarter-point hike may barely change their plans.

Looming over the decision is Bessent’s Treasury, which has expanded buybacks of longer-dated debt, despite the fact it knows the Fed is considering tightening at the short end. That leaves the two institutions playing a game of tug-of-war ondifferent parts of the same yield curve.

This story was originally featured on Fortune.com

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The American Dream of graduating college, landing a six-figure job, and moving into a white picket-fenced home is slipping out of reach. More Gen Zers and millennials are stuck living with their families than ever—so now Airbnb is investing a quarter of a billion dollars to help turn the tide.

Airbnb recently announced an initial $250 million investment to help build more affordable rental homes in the U.S. and abroad. 

America has a housing crisis. Over 15 million homes are sitting empty, representing around 10% of the country’s total housing supply, according to recent U.S. Census Bureau data. 

As the housing shortage shows little sign of letting up, corporations are joining the effort to get more homes built—especially as America has struggled to build at pace with housing demand. 

Airbnb CEO Brian Chesky even acknowledged the criticism that his own company has gobbled up supply for long-term residents and made cities more expensive to live in. But instead of turning a blind eye, he hopes the $250 million investment will ease the affordability crunch. 

“Airbnb has been a place people pointed to over the last 15 years, especially the last decade…for reasons why cities are expensive,” Chesky told Time in a recent interview. “And so we have wanted to be part of the solution, not part of the problem.”

The company estimates that the initiative would unlock $5 billion in capital investments over the next decade. Altogether, the “Housing Accelerator” will accelerate capital deployment, support pro-housing policy reforms, improve construction technology, and help remove barriers to break ground and get more homes on the market. 

But its first priority is helping lower-cost and mixed-income projects break ground—starting with a $6.4 million investment to support the development of over 200 affordable housing units in Austin, Texas.

It’s also launching a $5 million Airbnb housing innovation prize for companies and non-profits making it easier and cheaper to build a home.

America has a housing crisis—forcing Gen Zers and millennials to live at home

Around 750,000 housing units in America have met regulatory standards, but still lack financial commitment to break ground, according to research commissioned by the short-term rental giant. 

And hundreds of thousands of other housing projects are currently in limbo. 

Airbnb’s fund is most focused on “last-dollar” financing, which can mean the difference between new builds being stalled or finally moving forward. 

And it’ll be good news for entry-level professionals who are clinging to their childhood bedrooms and pillaging their family fridges.

A record 25.2 million U.S. adults under the age of 35 lived with their parents in 2025—representing about one in three young adults—according to a 2026 report from Reatlor.com. That’s even higher than the pandemic-era surge, when many budding professionals returned home to ride out the pandemic with their loved ones. 

However, it doesn’t mean that Gen Zers and young millennials are jobless and mooching off their family resources. 

In fact, around 70% of 25 to 34-year-olds who still live at home with their parents are actually employed, according to the report. Most workers are delaying their flight from the nest because of the affordability crisis—as the lowest professionals on the corporate totem pole, their rock-bottom salaries, job instability, and lack of savings are keeping them home. 

“The growth [of young generations living at home] is coming from working adults, not people waiting to find jobs,” Hannah Jones, senior economist at Realtor.com and author of the report, said in the study. “Something about their income level, debt load, or the cost of housing in their market is keeping them home despite steady employment.”

And the burden doesn’t stop with young adults—it’s increasingly spilling over onto their Gen X and baby boomer parents. Around 64% of parents with Gen Z children aged 18 to 28 said that their adult kids still rely on them for money, housing, or other financial support, according to a 2026 survey from Wells Fargo. 

And their continued support has led to a money pinch for many, as 56% reported that assisting their grown-up offspring is straining their own finances.

This story was originally featured on Fortune.com

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For the last decade, scientists have been steadily getting better at growing “cerebral organoids,”  miniature, three-dimensional brain-like structures, from human stem cells in the lab. Now, a group from Stanford University has found a way to advance their usefulness for studying brain development and disease — by instead growing them inside mice that have had large parts of their own brains genetically removed. 

Neuroscientists say these “neuro-chimeric” mice, whose brains are half-human — by volume, not by number of neurons — are an important innovation for a field hampered by longstanding challenges in accessing human brain tissue for research. But such models also raise a host of ethical questions that will get thornier the more advanced they become. 

In a study published Wednesday in Nature, the Stanford team reported finding types of human cells inside the brains of 3-month-old chimeric mouse pups that are very hard to obtain in a dish. They included pyramidal projection neurons that had wound their way into some of the animals’ spinal cords. The scientists also found evidence of specialized, super-sized neurons involved in social cognition only found in large-brain mammals like elephants, whales, and primates, including humans. 

Continue to STAT+ to read the full story…

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The Federal Reserve is set to announce one of its most closely watched interest-rate decisions of the year Wednesday, with financial markets overwhelmingly expecting policymakers to raise borrowing costs for the first time in more than three years.

The Fed began its two-day policy meeting Tuesday, September 15, and is scheduled to release its decision at 2 p.m. Eastern Time Wednesday. Traders now see roughly a 93% probability that policymakers will raise the federal funds target range by a quarter percentage point, according to CME FedWatch data cited by Reuters.

If the Fed follows through, the benchmark rate would move to a range of 3.75% to 4.00%.

For American households and businesses, the decision matters well beyond Wall Street. A renewed cycle of interest-rate increases could keep borrowing costs elevated for credit cards, business loans, commercial real estate and potentially mortgages.

Inflation Puts the Fed Under Pressure

The sharp change in expectations follows another round of stubborn inflation data.

Consumer prices increased 0.4% in August and were 3.4% higher than a year earlier, according to government data reported by Reuters. The annual inflation rate was unchanged from July and remains above the Federal Reserve’s long-term 2% objective.

Inflation concerns have been intensified by sharply higher energy prices, with crude oil recently moving above $100 a barrel amid disruptions to Middle Eastern energy supplies.

Fresh economic data Wednesday added to the pressure. U.S. retail sales jumped 1.2% in August, substantially more than economists expected, while import prices climbed 0.7% for the month and were 7% higher from a year earlier. Economists said the figures strengthened the case for a rate increase.

Economists Shift Toward a Hike

Wall Street traders are not alone in expecting higher rates.

A Reuters poll conducted following the latest inflation report found 86 of 101 economists — about 85% — expected the Fed to raise rates by 25 basis points at its September 15-16 meeting. That represented a dramatic shift from the previous Reuters survey, when more than two-thirds of economists had expected policymakers to leave rates unchanged.

Economists are also increasingly looking beyond Wednesday.

Among forecasters who provided predictions through March, 37 of 70 expected at least one additional rate increase by the end of March 2027.

That raises a bigger question for businesses and consumers: Is Wednesday’s expected increase a one-time response to inflation, or the beginning of another sustained tightening cycle?

What Higher Rates Mean for Consumers

Another rate increase could eventually show up in several areas of household finances.

Credit-card interest rates and other variable-rate borrowing products tend to react relatively quickly to changes in monetary policy. Consumers carrying balances could therefore face even higher financing costs.

Auto loans and other forms of consumer credit could also remain expensive if rates stay elevated.

Mortgage rates do not move directly with the federal funds rate, but they are heavily influenced by longer-term Treasury yields and expectations for inflation and monetary policy.

The 10-year Treasury yield recently crossed 5%, hitting approximately 5.041%, its highest level in 19 years, as investors adjusted to expectations of tighter monetary policy and persistent inflation.

Businesses Face the Same Squeeze

Companies may feel the effects through higher financing costs as well.

Small and midsize businesses frequently rely on credit lines and bank loans to finance inventory, payroll, equipment and expansion. Higher benchmark rates can make those loans more expensive.

Commercial real estate is another major area of concern.

Property owners that financed buildings when interest rates were substantially lower may face much higher costs when those loans mature and must be refinanced.

Higher interest rates can therefore put pressure on businesses even if their underlying sales remain strong.

Markets Waiting for the Fed

Investors entered Wednesday’s trading session cautiously ahead of the announcement.

The S&P 500 and Nasdaq edged higher while the Dow slipped slightly as markets awaited the Fed’s decision, Reuters reported. Investors are expected to pay particularly close attention to Fed Chair Kevin Warsh’s comments following the announcement for indications about the direction of monetary policy.

The decision itself may therefore be only half of the story.

Markets will be listening for clues about whether policymakers believe inflation requires additional rate increases — and how long interest rates may need to remain elevated.

For households and businesses, that guidance could ultimately matter as much as Wednesday’s expected quarter-point increase.

After several years in which Americans became accustomed to watching for interest-rate cuts, the conversation has changed sharply.

With inflation at 3.4%, oil above $100, resilient consumer spending and Treasury yields near levels not seen in nearly two decades, the possibility of higher-for-longer borrowing costs is once again at the center of the U.S. economic outlook.

JBizNews Desk | Trenton, N.J.
© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Elon Musk, the world’s richest man, has some new digs—an Airstream trailer in Memphis, parked just steps from xAI’s most ambitious project yet.

Musk, who has a net worth of $917 billion according to the Bloomberg Billionaire Index and became the world’s first trillionaire for 12 days in June, said Monday he was in his new “palace” as he spoke during a taping of the All-In podcast alongside Gwynne Shotwell, the president and chief operating officer of SpaceX.

Shotwell, for her part, praised Musk’s latest unusual home as an example of his long history of committing fully to projects he cares about throughout his career.

“This is Elon, by the way, doing what people don’t believe he does. He sleeps on the factory floor. He’s in Memphis, helping build buildings,” she said during the interview.

Musk is in Memphis as xAI races to expand Colossus, a massive supercomputer center that has provided it with so much computing power that it has struck deals to provide excess capacity to Google and Anthropic for billions. The company started building Colossus in 2024 to provide compute for Grok, xAI’s large language model, and the initial build reportedly took only 122 days.

While putting a data center in space could still be far off, Memphis has emerged as the center of xAI’s infrastructure buildout here on Earth. In late July, the company announced it would build a fourth data center called Minihard that will add to its other facilities.

Musk did not say which Airstream model he was living in, but some of the aluminum-shelled campers pack a sleeping area, kitchen, and bathroom into a 16-foot space.

Still, Musk has been known to want to sleep close to the action when a new project interested him or required his direct attention. When Musk and his brother Kimbal were building their first startup, Zip2, in the ‘90s, they slept in a tiny Palo Alto office for six months while showering at the YMCA, according to Walter Isaacson’s biography of Musk. 

Even as a newfound multi-millionaire, having received $22 million from selling Zip2 to Compaq, Musk slept under his desk most nights as he prepared to launch X.com, the online bank that would later become PayPal, in 1999, according to Isaacson’s biography.

Even when he rose to the rank of super wealthy, having received another approximately $175 million from eBay’s acquisition of PayPal, he often stayed at colleagues’ homes while traveling in Silicon Valley, including the home of Michael Marks, who briefly served as Tesla CEO in 2007 before the pair clashed and Musk later took over the role.

Musk’s habit of finding a resting place close to the action was even more pronounced during the “production hell” era in 2017 and 2018 when Tesla aimed to churn out 5,000 Model 3s per week, nearly double the rate it was producing previously.

“It was a frenzy of insanity,” he told Isaacson of that time. “We were getting four or five hours’ sleep, often on the floor. I remember thinking, ‘I’m like on the ragged edge of sanity.’”

During that production rush, he spent Thanksgiving Day at the factory with some of his sons because he had asked workers to work that day as well, wrote Isaacson.

Finally, when in 2022 he purchased the social media website Twitter , which would later become X, Musk claimed a couch in the company’s seventh-floor library and slept there as he pushed employees to realize his vision of turning Twitter into a “digital town square.” He said in an interview with journalist Bari Weiss that he needed to sleep in the office because the company was in a “code-red situation.”

To be sure, Musk didn’t shy away from spending his money on lavish homes for years. He bought a mansion in the Bel Air neighborhood of Los Angeles, complete with seven bedrooms, 11 bathrooms, a tennis court, and a two-story library for $17 million in 2012, according to his biography. He also owned a $32 million Mediterranean-style estate in Silicon Valley and bought late actor Gene Wilder’s home in 2013 to try to preserve it. 

In 2020, though, Musk sold many of his properties and moved with his then-partner Claire Boucher, known as Grimes, to Texas, where they lived in a small, $50,000 house he was renting from SpaceX near the company’s Starbase facility in Boca Chica. 

Now, with xAI’s Memphis expansion heating up, Musk seems to want to be close to the action once again, and he’s traded in the factory floor, at least, for the comfort of his own trailer.

This story was originally featured on Fortune.com

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Oil prices surged above $107 a barrel Tuesday as the shutdown of Saudi Arabia’s critical East-West Pipeline intensified fears that a major portion of the world’s oil supply could be disrupted, potentially pushing fuel and transportation costs even higher.

Brent crude, the international oil benchmark, climbed as high as $108.43 a barrel during Tuesday’s trading, while U.S. West Texas Intermediate crude reached as high as $104.21. The sharp moves followed attacks that left Saudi Arabia’s East-West Pipeline offline, according to Reuters.

The pipeline is one of the most important pieces of energy infrastructure in the Middle East because it allows Saudi crude to travel from oil-producing regions in the east to the Red Sea port of Yanbu — avoiding the Strait of Hormuz.

That alternative route has become especially important as shipping through Hormuz has been severely disrupted.

Saudi Arabia could exhaust crude available for export within days if the East-West Pipeline does not resume operations, according to buyers and traders cited by Reuters. The disruption threatens as much as 4% of global oil supply.

Only Four Commodity Ships Cross Hormuz

The pressure on oil markets is being compounded by dramatically reduced shipping through the Strait of Hormuz.

Preliminary data from Kpler showed that only four commodity vessels traveled through the strait Monday, down from 10 the previous day.

The Strait of Hormuz has historically been one of the most important oil chokepoints in the world, with roughly one-fifth of global oil supplies previously passing through the narrow waterway.

That made Saudi Arabia’s East-West Pipeline a crucial backup route. Instead of sending crude through Hormuz, Saudi Arabia could move oil hundreds of miles across the kingdom and load it onto tankers at Yanbu on the Red Sea.

With that pipeline now offline, the ability to bypass the troubled shipping route has been sharply reduced.

Shutdown Could Last Weeks

One of the biggest uncertainties for energy markets is how long repairs will take.

Goldman Sachs said estimates for restoring the pipeline range from “very soon” to as long as eight weeks. The bank said the latest attacks could threaten approximately 2 million barrels per day of recent exports through Yanbu.

Goldman also described the attacks on Saudi oil infrastructure as a meaningful escalation and said they increased the probability of Brent crude moving above $120 a barrel under a scenario in which Gulf production remains substantially below pre-war levels.

Separately, Hamad Hussain, senior climate and commodities economist at Capital Economics, said several weeks of continued pipeline closure — without weaker demand or increased flows through Hormuz — could push Brent crude toward $130 a barrel.

That would represent another major jump from prices already above $100.

Why Americans Should Care

The impact of higher oil prices does not stop at the gasoline pump.

Oil is embedded throughout the modern economy. Trucks use diesel to move groceries and merchandise. Airlines depend on jet fuel. Farms use fuel to operate machinery and transport crops. Manufacturers rely on petroleum products both for energy and as raw materials.

When crude prices remain elevated, those costs can eventually work their way through supply chains.

Drivers are usually among the first to notice as gasoline and diesel prices respond to higher crude and refining costs. Trucking companies may also face higher fuel bills, which can increase the expense of moving everything from food to furniture.

Small businesses can be particularly exposed because they often have less ability than large corporations to absorb sudden increases in transportation, energy and financing expenses.

Inflation Risk Returns

The oil surge also arrives at a difficult moment for the broader U.S. economy.

Higher energy prices can contribute to inflation just as policymakers are deciding how aggressively interest rates need to remain elevated.

That creates a potentially difficult combination: households and businesses can face higher fuel costs at the same time that borrowing remains expensive.

The benchmark 10-year U.S. Treasury yield has already moved above 5%, reflecting heightened concern in financial markets over inflation, interest rates and the economic consequences of the latest energy shock.

If oil remains above $100 for an extended period, the effects could reach beyond gasoline into shipping, airfare, manufacturing, groceries and other everyday expenses.

A Critical Route for Saudi Oil

Saudi Arabia’s East-West Pipeline stretches roughly 1,200 kilometers, or about 750 miles, connecting the kingdom’s eastern oil-producing regions with Yanbu on the Red Sea.

Its strategic value comes from geography.

Normally, Saudi crude produced near the Persian Gulf can be shipped through the Strait of Hormuz. But when that route becomes dangerous or inaccessible, the East-West Pipeline allows Saudi Arabia to move crude across land and export it through the Red Sea instead.

That safety valve is now under pressure at precisely the moment it is most needed.

The shutdown therefore represents more than damage to a single pipeline. It removes one of the principal alternatives for getting Saudi oil to global buyers while another major export route is operating under severe constraints.

What Happens Next

Oil traders will now be watching three things closely: how quickly Saudi Arabia can restore the East-West Pipeline, whether vessel traffic through the Strait of Hormuz recovers, and whether additional attacks threaten energy infrastructure in the region.

Any improvement could ease fears of a prolonged supply shortage and take some pressure off crude prices.

But an extended pipeline outage combined with restricted Hormuz traffic could leave global markets scrambling for replacement barrels.

For American consumers and businesses, the stakes are straightforward.

The longer a meaningful share of Middle Eastern oil remains difficult to move, the greater the risk that $100-plus crude translates into higher costs for driving, shipping goods, operating businesses and ultimately buying everyday products.

JBizNews Desk | Trenton, N.J.
© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Abdul Malik al-Houthi, an elusive figure who commands a battle-hardened force, scored his biggest military victory in years when his Iran-aligned Houthi terrorist group swept through Yemen’s Red Sea coastline and tightened its grip on a vital shipping waterway, rattling oil superpower Saudi Arabia.

The offensive, which has been accompanied by attacks on Saudi Arabia, has put the Houthis in a strong position to call the shots in the Bab el-Mandeb strait by potentially halting global trade in one of the world’s most important conduits for goods and commodities, including oil.

Al-Houthi has transformed his men, fierce mountain fighters often in sandals and hooked on the green leaf stimulant qat, into a force of tens of thousands who withstood years of airstrikes by a Saudi-led coalition in Yemen’s civil war and built an arsenal including drones and ballistic missiles.

A 2022 UN-brokered truce halted heavy fighting in the war but failed to lead to a lasting settlement in the impoverished country.

The following year, al-Houthi’s terrorists surfaced to disrupt Red Sea shipping in support of Palestinians in the Gaza war. Now they have grabbed the spotlight by opening another front in the Middle East conflict, giving strategic leverage to Iran after it already effectively closed off the Strait of Hormuz.

Yemeni supporters of the Iran-backed Houthi movement hold portraits of Houthi leader Abdul-Malik al-Houthi during a protest in Sanaa on July 17, 2026. (credit: Mohammed HUWAIS / AFP via Getty Images)

As head of the group, al-Houthi has emerged as Iran’s most prominent and resilient Arab ally after Israel killed the leaders of Lebanon’s Hezbollah terrorist group and Palestinian terror group Hamas.

Enigmatic with a reputation as a fierce commander, al-Houthi remained defiant despite US military retaliation for his group’s attacks on shipping during the Gaza fighting. He threatened military action if the US and Israel sought to displace Palestinians from Gaza and called US President Donald Trump a criminal.

“We reaffirm our steadfast position against American and Israeli-Zionist tyranny, which targets our entire nation under the banner of ‘changing the Middle East,'” he said in August in a speech to mark the Prophet Mohammad’s birthday.

Not known enough to meet foreign officials in person

In another speech during the Gaza war, al-Houthi, appearing with a traditional Yemeni dagger in his belt, described Israel’s blockade of Gaza as a crime against humanity and accused Arab and other Muslim states of inaction.

Al-Houthi has survived in a country with a history of complex, shifting alliances.

After veteran former president Ali Abdullah Saleh switched sides in the civil war, abandoning his Houthi allies in favor of a Saudi-led coalition, Houthi terrorists stopped his armored vehicle with a rocket-propelled grenade in an ambush, then shot him dead, sources said at the time.

Since the start of the civil war – widely seen as a proxy conflict between Riyadh and Tehran – foreign officials who dealt with al-Houthi are not known to have met him in person, said a source familiar with the matter.

Many seeking meetings were asked to travel to the Houthi stronghold Sanaa, where a security convoy would take them to safe houses and conduct security checks before leading them to an upstairs room, where al-Houthi, fearing assassination, would appear only on a screen.

War created one of world’s worst humanitarian crises

The Houthi terror movement was formed to fight for the interests of the Zaydi Shi’ites, a minority sect that ruled a 1,000-year-old kingdom in Yemen until 1962 but felt marginalized during the 1990-2012 rule of Saleh, unified Yemen’s first president.

The Houthis deny being puppets of Tehran and say they are fighting a corrupt system in Yemen and regional aggression. Saudi Arabia and its allies accuse Tehran of arming and training them, which Tehran denies.

The civil war killed tens of thousands, devastated Yemen’s economy, and left millions hungry.

During its most intense phase, the Houthis launched attacks on Saudi Arabia. In January 2022, they also launched a missile attack on a commercial hub in the United Arab Emirates.

In a speech in 2022, al-Houthi said his goal was to be able to strike any target in Saudi Arabia or the UAE, both US allies and major oil producers that view Iran and its proxies as major security threats.

Al-Houthi, who traces his lineage to the Prophet Mohammad, has asserted that his movement is under siege because of its religion.

“We must focus on preserving the authenticity of our Islamic affiliation and identity,” he once said.

Houthi military spokesman Yahya Saree takes the stage

With al-Houthi largely out of public view, his military spokesman, Yahya Saree, has become the public face of the movement.

Standing rigidly in his uniform, Saree reads statements in a theatrical cadence, stretching certain words and sharply raising his voice for emphasis. The distinctive delivery has made Saree instantly recognizable to audiences across the region.

In 2024, Saree earned a master’s degree in diplomacy and international relations from the Yemeni Academy for Graduate Studies, according to Houthi websites and his personal account on X/Twitter.

His thesis focused on a topic close to his day job: The Threat of the Israeli Presence in the Red Sea to the National Security of the Republic of Yemen, 2010-2022.

In a statement on September 13, he declared: “We affirm to the criminal Saudi enemy that the continuation of its aggression against our people will be met with more severe and larger operations deep inside its territory, and the consequences will be dire, God willing.”

This post was originally published on here. 

The United States does not lack leverage against the Islamic Republic of Iran. It lacks a political endgame.

Washington has employed nearly every instrument of national power: financial and oil sanctions, diplomatic isolation, intelligence operations, regional deterrence, direct military force, pressure on Tehran’s proxy networks, action against its shadow fleet, and negotiations backed by coercive power. 

These measures have weakened important elements of the regime’s nuclear, missile, maritime, and financial capabilities. 

Yet the central problem remains intact: the political system that produces these threats – and rebuilds them after every setback – survives. Washington can punish the Islamic Republic, but punishment is not a strategy unless it leads somewhere.

That distinction should now define American policy.

US Navy sailors work on the flight deck of the aircraft carrier USS George Washington as it transits the Arabian Sea to support US military operations in the war with Iran August 20, 2026.  (credit: US NAVY/HANDOUT VIA REUTERS)

Preventing an Iranian nuclear weapon, degrading missile capabilities, disrupting terrorist networks, and constraining the Islamic Revolutionary Guard Corps are necessary objectives. 

Still, they treat manifestations of the problem rather than its source.

The Islamic Republic has made terrorism, hostage-taking, proxy warfare, nuclear brinkmanship, domestic repression, and threats to maritime commerce instruments of regime survival. 

Even a successful agreement may temporarily constrain some of these activities without changing the structure that repeatedly generates them. Pressure is an instrument, not an end state. 

The strategic question is therefore no longer simply how to change the regime’s behavior, but how to create conditions in which Iranians can change the regime while preserving the Iranian state.

This does not require an American invasion, occupation, or externally imposed government. Nor should Washington decide whether Iran ultimately becomes a republic or a constitutional monarchy. 

That choice belongs exclusively to the Iranian people.

The legitimate American interest is narrower but strategically consequential: an intact, secular, democratic, nonnuclear Iran at peace with the US, Israel, and its Arab neighbors. 

Such an Iran would remove the principal state sponsor and logistical center of several regional terrorist networks, reduce threats to Israel and the Gulf states, strengthen maritime security, diminish Russian and Chinese influence, and reopen one of the Middle East’s largest societies and economies to international trade and investment. 

Preparing for such a transition is not nation-building. It is an investment in ending a crisis the United States has spent nearly half a century managing.

Credible strategy for change in Iran

The missing link is a credible Iranian strategy that can convert external pressure into internal political change. 

Reza Pahlavi’s five-pillar strategy offers one such framework: maximum pressure on the Islamic Republic, maximum support for the Iranian people, maximum encouragement of defections from the regime, maximum organization of Iranian forces, and preparation for reconstruction through the Iran Prosperity Project. 

Its significance lies less in any individual component than in the way the components connect. 

Pressure is intended to weaken the regime’s coercive capacity; support enables civil resistance and communication; defections separate the professional state from the ideological core; organization reduces the danger of a power vacuum; and post-regime planning addresses the question that has long haunted Western policymakers: What comes the day after?

The Iran Prosperity Project’s Emergency Phase attempts to answer that question through a detailed plan for the first 180 days after the Islamic Republic. 

Developed by over 70 Iranian specialists, it addresses political authority, law, security forces, foreign policy, banking, energy, essential government services, health, water, cybersecurity, education, and economic stabilization. 

No transition blueprint can eliminate uncertainty, and such a plan will inevitably require revision as events unfold. But its existence changes the strategic equation. 

The choice need not be between preserving the Islamic Republic and risking chaos. There is a third possibility: dismantling the ideological regime while maintaining the institutions necessary to keep Iran functioning.

That distinction – between regime collapse and state collapse – must become the organizing principle of transition planning. Iraq demonstrated the catastrophic consequences of confusing a dictatorship with the state beneath it. 

Iran cannot afford wholesale purges of soldiers, civil servants, engineers, technicians, police officers, judges, energy workers, or administrators merely because they served under the existing system. 

Criminal responsibility should be individual. 

Those responsible for murder, torture, corruption, terrorism, and systematic repression must face due process, while professionals who did not participate in serious crimes should have a path to continued national service. 

The IRGC, as an ideological and parallel power structure, can be dismantled without discarding every trained individual or technical asset within it. The objective must be surgical political transformation, not institutional demolition.

This is also why defections matter strategically. Washington should distinguish between the regime’s ideological and criminal leadership and the much larger body of Iranians employed by the state. 

Senior officials, commanders, and financial networks responsible for repression and terrorism should understand that continued participation carries personal legal and financial consequences. 

At the same time, military personnel, police officers, government employees, and technical managers should receive a different message: refuse orders to repress the population, protect national infrastructure, join a legitimate transition, and there can be a future for you in Iran. 

A regime whose personnel believe they will all be destroyed with it will fight to the end. A regime whose professional backbone sees a viable exit can fracture.

Pahlavi’s potential role should be understood in the same transitional context. Washington need not anoint him as Iran’s future monarch or predetermine the constitutional order. 

It should, however, recognize the difference between neutrality over Iran’s eventual form of government and indifference toward leadership during a dangerous transition. 

Pahlavi is the most internationally recognizable opposition figure advocating simultaneously for pressure, national organization, regime defections, territorial integrity, and post-Islamic Republic planning. 

His most consequential potential role is therefore not to predetermine Iran’s future, but to provide a national center of gravity during the interval between the collapse of the existing order and the establishment of elected institutions. 

His transitional mandate should end when Iranians determine their constitutional system and transfer authority to an elected government.

Washington should begin preparing for that possibility before a crisis makes preparation impossible. 

An interagency Iran transition planning group should examine scenarios involving nuclear-site security, continuity of energy and banking systems, protection of borders and critical infrastructure, humanitarian supply chains, prevention of foreign intervention, and the phased removal of sanctions. 

Structured dialogue with Pahlavi, the Iran Prosperity Project, Iranian specialists, and regional allies should begin before – not after – a political rupture. 

The Treasury Department should prepare a sanctions exit map so that a credible transitional government can rapidly restore humanitarian trade and, conditionally, regain access to frozen Iranian assets, banking networks, and energy markets. 

Those assets belong to Iran and should be preserved for stabilization and reconstruction rather than treated as spoils.

The first hours of transition would be decisive. Hospitals must operate, electricity and water must flow, banks must function, ports and fuel depots must remain secure, and the armed forces must not fragment into competing centers of power. 

America’s role should be supportive rather than administrative: deter neighboring states and armed proxies from exploiting instability, facilitate humanitarian flows, help secure nuclear materials through appropriate international mechanisms, defend Iran’s territorial integrity, and recognize a credible transitional authority once it demonstrates effective national responsibility. 

No American occupation, proxy army, ethnic militia, or externally engineered partition should be part of this strategy. The Islamic Republic must end; Iran must remain.

The choice confronting Washington, therefore, is not simply between war and diplomacy. Both are instruments. 

The deeper choice is between indefinitely managing the next manifestation of the Iranian crisis and developing a strategy to end the system that continually reproduces it. Sanctions can reduce revenue. 

Military operations can destroy facilities. Intelligence operations can disrupt networks. Diplomacy can buy time. None, by itself, answers the political question.

A coherent strategy does. Pressure must connect to a political alternative; the alternative to national organization; organization to defections; defections to continuity of the state; and transition to democratic legitimacy. 

America should not build Iran’s next government. It should help remove the obstacles that prevent Iranians from building it themselves. 

The strategic formula is ultimately simple: Washington should stop treating the survival of the Islamic Republic as the necessary price of containing its behavior. It should prepare to help Iranians change the regime while preserving their country. 

If American power can be aligned with Iranian national leadership, institutional continuity, and the legitimacy of the ballot box, the end of the Islamic Republic need not inaugurate another Middle Eastern catastrophe. 

It could instead mark the end of one of the region’s longest-running strategic crises.

The writer is the senior news editor for Iran International.

This post was originally published on here. 

The controversy surrounding NAZA has brought an old question in investigative journalism back to the center of the debate in recent days: How much weight can be given to the testimony of a source who is not revealed to the public?

One of the main criticisms directed at the film by Yuval Abraham and Rachel Szor is that it relies on anonymous testimonies from 24 Israeli soldiers and intelligence personnel.

The film does conceal the identities of the interviewees, and the IDF rejected its claims, arguing, among other things, that anonymous sources make it difficult to independently verify the information. This is a legitimate argument that deserves serious examination. But the mere anonymity of a source is not enough, by itself, to determine that the information they provide is unfit for publication. The more important question is what was done to examine, cross-check, and verify it.

An anonymous source to the viewer is not necessarily an anonymous source to the journalist. The journalist knows who is standing in front of them. They should know where the person served, what they did, what information they had access to, whether their account matches other facts, whether others describe similar events, and whether documents, messages, or other evidence support their testimony.

The public receives the information without the name because revealing it could cost the source their job, career, legal standing, and sometimes much more, especially with the International Criminal Court looming over the situation. People can support or oppose this approach, but investigative journalism is sometimes difficult to conduct without it.

Graffiti depicting Yuval Abraham and Rachel Szor, the directors of the documentary film NAZA, and the word ''traitors'' in Hebrew, on a wall in Ashdod Tuesday, September 15, 2026. (credit: REUTERS/AMIR COHEN)

Anonymous sources take down men accused of sexual misconduct

Take the case of Moshe Ivgy, for example. In February 2016, Walla published an investigation in which six women described alleged sexual misconduct by him. At the time of publication, none of them had yet filed a police complaint, and most of the women who spoke publicly did so anonymously. If we had applied the “no name, no story” test back then, we could have simply closed the browser and gone to lunch.

Instead, police began examining the allegations following the report, women came forward, an investigation was opened, and at the end of the process Ivgy was convicted of indecent acts and sexual harassment and sentenced to 11 months in prison. The women’s anonymity at the beginning did not make their testimonies false. It simply allowed them to begin speaking.

The case of Yehuda Meshi-Zahav may also be examined. In March 2021, Haaretz published a major investigation based on six people who described alleged sexual abuse attributed to him. All of the people interviewed appeared anonymously in the investigation. The next day, police began examining the allegations, and Lahav 433 later reopened the investigation. In this case, the allegations ultimately did not lead to a judicial ruling. But one thing is clear: The fact that the sources did not appear by name did not prevent authorities from taking the information seriously and investigating it.

Alon Kastiel provides another interesting lesson. In November 2016, Sharon Shpurer began publishing information and testimonies in The Hottest Place in Hell about his conduct. Some of the women were identified only by initials, and the original exposure was also based on people from the nightlife industry who described complaints that had accumulated against him.

One woman whose story was published decided, following the report, to go to the police. From there, an investigation developed that eventually included 12 complainants. Kastiel admitted guilt and was convicted in a plea agreement of attempted rape, forcible indecent assault, indecent assault, and sexual harassment. He was sentenced to four years and nine months in prison.

The Bar-On-Hebron affair takes us even further back. In January 1997, Ayala Hasson appeared on Israel’s Channel 1 with a dramatic report about the circumstances surrounding the appointment of Roni Bar-On as attorney general. The public was not given a detailed list of her sources. In fact, the Seventh Eye later reported that Hasson did not initially even share her sources with the editor of the Mabat program, but instead presented the findings to News Division director Rafik Halabi.

Four days after the broadcast, police transferred the matter for investigation. A State Attorney’s Office review confirmed key parts of the report and drew more complex conclusions about the criminal responsibility of those involved.

Israeli journalist Ayala Hasson attends a conference titled “Gaza: The Day After” at the Knesset, the Israeli parliament, in Jerusalem, on January 12, 2026. (credit: YONATAN SINDEL/FLASH90)

If Hasson’s sources had been required that evening to appear before Haim Yavin, provide their names, ranks, and phone numbers, the Bar-On-Hebron affair might have remained a hallway conversation.

Then came the Harpaz document, which is important here for the opposite reason. In August 2010, Amnon Abramovich and the late Roni Daniel revealed what was then called the “Galant document” on Ulpan Shishi. Abramovich defended the person who provided him with the material and described him on air as “a reliable and productive source for three decades.” The source was not revealed to viewers.

The report quickly led to a review by the attorney general and a police investigation. But investigators later discovered the document itself was forged. Boaz Harpaz was later convicted of forging and using it.

And that does not undermine the argument. It reinforces it. An anonymous source is not a certificate of authenticity, but it is also not a certificate of disqualification. A journalist who receives information from a confidential source cannot simply say, “They told me, therefore it is true.” They have to work harder precisely because the public cannot independently examine who the person is.

NAZA directors must be asked about verification of their sources

The Harpaz document shows what can happen when journalists give too much weight to material from a source considered reliable before establishing its authenticity. Ivgy and Kastiel show the other side: sometimes anonymity is exactly the condition that allows truthful information to emerge.

Therefore, the question that should be asked of Abraham and Szor regarding NAZA is not “Why don’t the soldiers show their faces?” That is the easy question.

The much harder questions are: How did you verify that they actually served in the roles they describe? Did you cross-check each claim with more than one source? What documents or data did you see? Were there testimonies that contradicted the film’s thesis and were not included? What did you present to the IDF before publication, and how did it respond? Did the 24 people come from different systems and units, or are some of them describing the same incidents? When two sources provide different versions of events, which version made it into the film, and why?

These are journalistic questions. “Show me their faces” is a far less interesting demand.

The other side must also acknowledge something that may be less comfortable for those defending the film: The fact that there are 24 anonymous sources does not automatically make NAZA true. Twenty-four testimonies can still be biased, incomplete, or taken out of context. A documentary film is an edited work. Someone decides what to include, what to leave out, where to cut, and which sentence will follow another.

That is precisely why it should be watched and examined. But rejecting a film simply because its interviewees are anonymous would mean rejecting, in hindsight, a significant part of investigative journalism.

Moreover, we tend to accept anonymous sources when they expose people we dislike, but suddenly view them as an unacceptable ethical problem when they reveal something we do not want to hear. That is less a journalistic principle and more a matter of convenience.

After watching NAZA, we may find that the filmmakers carried out every possible verification process. We may also watch it and find major holes. At this stage, both possibilities remain open. The fact that the interviewees are not identified does not decide between them. It simply raises the standard placed on the filmmakers.

That is what should be remembered amid all the noise surrounding the film: The problem was never that a source is anonymous. The problem begins when the verification process is also anonymous.

This post was originally published on here. 

Sweden’s Foreign Ministry said on Wednesday it had summoned Iran’s ambassador and asked an official at the Iranian Embassy in Stockholm to leave the country, citing activity incompatible with the Vienna Convention on Diplomatic Relations.

The ministry did not specify the nature of the activity in its statement.

The Vienna Convention defines the rules ​and privileges of diplomatic missions.

Iran reportedly recruited Swedish minors for attacks on Israeli, Jewish targets

The official’s expulsion follows a CNN report in April that Iran allegedly used criminal gangs in Sweden to target Israeli and Jewish interests.

The report cited Sweden’s Security Service (SÄPO), which said at least four known attacks or attempted attacks were directed at the Israeli embassy in Stockholm in 2023 and 2024.

 The flag of Iran is seen overlayed atop a map of Sweden (illustrative) (credit: CANVA/ronniechua, Tuangtong via Getty Images)

The attacks in question involved shootings and an attempted bombing, with several suspects under the age of 18.

Swedish police and prosecutors say these youth are being manipulated by criminal gangs acting on behalf of Iranian intelligence units.

This post was originally published on here. 

The English engineer, Henry Mill, submitted the first-ever patent for a “machine transcribing letters” in 1714. It never actually went into production, but it was a forerunner of the typewriter and then the electronic keyboard: 312 years later, Christian Klein, CEO of software giant SAP, is noting the end of an era.  

“The end of the keyboard is near,” he tells me. “When you encounter voice recognition from many of these large language models, [it] is super strong. Now we have to do some work to translate voice into business language and business data.” 

The deleterious effects of AI on the humble keyboard might not be top of the list of business leaders’ priorities when it comes to mapping out the technological future. But SAP’s prediction that “data-inputting” via typing will end in the next two to three years at the firm has significance well beyond the death of QWERTY. 

“We are now giving our coworker tool more and more skills,” Klein says. 

“The future will be, for sure, that you are not typing any data information into an SAP system. You can instead ask certain analytical questions with your voice. You can trigger operational task workflows. You can also make entries in the system with your voice—performance feedback, pipeline entries, et cetera. The technological capabilities are there, it really is now about the execution.” 

Read more: The most honest prediction for 2026: Nobody knows what’s next by Christian Klein

“Now, about the execution” is the phrase most associated with artificial intelligence in 2026. We are beyond the theoretical discussions about what artificial intelligence might be able to do and into the zone of applied AI. Software companies are creating billions of dollars in profitable revenue supplying the services of the future. 

“The future will be, for sure, that you are not typing any data information into an SAP system. You can instead ask certain analytical questions with your voice.”

Christian Klein

SAP stands for “Systemanalyse Programmentwicklung” (which translates to “System Analysis Program Development”). The firm, headquartered in Walldorf, Germany, near where it was founded in 1972, provides cloud services to the largest companies in the world, as well as millions of small and medium-size enterprises. Klein, 44, is the youngest CEO of a major business listed on Germany’s DAX index. 

At SAP Sapphire 2025: The company’s AI and transformation event.
Courtesy of SAP

He argues that there are two broad categories of businesses when it comes to AI adoption. First, the company that says, “AI is really changing the way I run my business.” Then the other that says, “I invested a ton of money, but I see rather low value in it.” The latter might be viewing AI as an efficiency hack for one division or function. The issue here is that there is no reach across to other parts of the firm. Klein says that the “whole business” needs to be at the table. “AI is superpowerful, but it needs to be applied in the right way.” 

He gives an example of a large consumer goods company SAP is working with which is beginning to link customer-demand planning with company financial planning and then with inventory control—a laborious, often months long process. 

“They said, ‘Okay, this agent really is predicting the demand much more intelligently than all the human beings I had in planning,’” he said. “‘But it still always takes months until I adjust the inventory—and the inventory is dependent on procurement and the manufacturing side.’ So we are now building, with agents, an end-to-end planning scenario which helps them optimize inventory by 20%. This is real money.” 

Read more: How CEO Christian Klein spearheaded SAP’s seismic shift to a cloud company by Peter Vanham

Applying AI horizontally throughout the business, rather than vertically in divisions, is key. Add in training of your employees, and the transformational effects of AI can finally begin to be realized. 

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SAP RANK ON FORTUNE 500 EUROPE

“An employee can say, ‘Hey, go into my PowerPoint presentations,’” Klein notes. “They can give an AI model a million financial analysis PowerPoints. We then need to make sure, with our AI, that the business data is understood and that we can do the analysis right away. The employee can then say, ‘Tell me, from the millions of documents we created in the financial department, what would be the right measures to tackle some of the challenges we see in the financial performance of the company?’

“That is the future of work. And then, hopefully, they get it beautifully packaged up, with some nice graphs and commentaries, some nice analysis and recommended actions, and then they can go to their managers, who say, ‘Wow, this is a new way of steering this company. My God, what did you do? Which training did you attend?’ And they say, ‘No, there is no training.’” 

Beyond the training in AI itself, of course. 

The use of voice to create workflows within traditional environments is one challenge. There are also higher-order issues that Fortune 500 leaders must consider. Klein and I were speaking at the World Economic Forum meeting in Davos, an event dominated by Donald Trump and his threat to annex Greenland and launch new tariff wars. “Spheres of influence” and mercantilism are back, as the G4 (America, China, Europe, and India) approach global trade in very different ways. 

“We are wanting companies who do global trade across borders, and no one wants to scale back on the cause and vision they have as a company,” Klein says of the increased geopolitical risk. 

“There are two superpowers in the world, and they’re using the power to have more influence. I don’t expect that this will change anytime soon,” he notes.

“The world has changed a lot, because suddenly not everyone is saying: ‘Oh, I believe in globalization.’ Now, [it’s] ‘my country first.’” 

Which means you have to position your business for the new reality.  

“[Companies] are saying, ‘Hey, Christian, it’s great your software helps [in] over 100 countries. But how do we do this in a world which is becoming more fragmented?’ There are lots of new sovereignty requirements. In this case, you need the cloud server to be located in the country. In another country, you need to protect the data in a different way. In another country, you need to cut it from the global network. That can be pretty expensive.” 

“There are two superpowers in the world, and they’re using the power to have more influence. I don’t expect that this will change anytime soon.” 

Christian Klein

“Business cannot just change the software. It’s mission-critical,” Klein says. “Now, with AI, it’s even more mission-critical. What we have to make sure is, when it comes to geo-lock, we are [relying] on infrastructure. We want U.S. infrastructure with the hyperscalers; in China we want Chinese infrastructure. And we want infrastructure provided by local providers here in Germany or in France or wherever. And we always need to make sure that, when something is happening in the world, such as geopolitical sanctions or export control—as we have seen in Iran or in Russia—we can port our platform over to another type of cloud infrastructure in days or weeks.” 

Talk now is of “kill-switches” and geo-location autonomy—new entries on the list of leadership risks. Klein is not convinced Europe has got the memo. 

“We talk about Europe as a superpower. I would say Europe is a superpower in regulation, but not in unity, because there is no banking union, there is no trade union, there is no digital union, and in a world like this, you need economic power. With economic power, you can influence certain things. You are listened to.

“We are talking about digital taxes and so on. I would strongly advise both business and political leaders in Europe to spend more time on: How can we innovate? How can we use the strengths we have to build something, to increase economic power?” 

Geography and the G4 are the new global reality in the era of applied AI. Businesses must be agile in how they respond, as it is not always clear where the next political boulder is coming from. When Henry Mill patented the first typewriter there was no such entity as the United States of America. Now it is writ large on the decision tree of every global leader.

For the latest coverage and updates from Fortune CEO Forum, as well as insights into the companies on our list, visit this page.

A version of this story was originally published on Fortune.com on January 28, 2026.

This story was originally featured on Fortune.com

This post was originally published here. 

The benchmark U.S. 10-year Treasury yield surged above 5% Tuesday, reaching its highest level since 2007 and adding another layer of pressure on American consumers, businesses and financial markets already dealing with sharply higher oil prices.

The 10-year yield climbed as high as roughly 5.04% during Tuesday’s trading before pulling back, according to market data reported by Reuters. The move marked a level not seen in nearly two decades and came as investors prepared for the Federal Reserve’s next interest-rate decision.

Stock markets reacted negatively. Before the opening bell, Dow Jones Industrial Average futures were down more than 200 points, while S&P 500 and Nasdaq-100 futures also moved lower. Later in Tuesday’s session, the Dow fell roughly 450 points as investors continued to digest the combination of higher Treasury yields, expensive oil and the prospect of tighter monetary policy.

For consumers and businesses, the significance of a 5% 10-year Treasury yield goes far beyond Wall Street.

The 10-year Treasury is an important benchmark for borrowing costs throughout the U.S. economy. Mortgage rates in particular tend to track movements in longer-term Treasury yields. That means a sustained increase in the 10-year yield can make financing a home more expensive, while higher market rates can also raise financing and refinancing costs for businesses and commercial real estate borrowers.

Oil Adds New Inflation Pressure

One of the biggest forces behind the latest bond-market move is the renewed surge in energy prices.

Oil remained above $100 a barrel Tuesday amid concerns about Middle East supplies. Brent crude traded above $107 at points during the session, while U.S. West Texas Intermediate crude moved above $103.

Higher energy prices matter because they can work their way through nearly every part of the economy. Businesses pay more to transport goods, airlines and trucking companies face higher fuel expenses, manufacturers can see operating costs rise, and households may eventually feel the impact at gasoline pumps and through higher prices for goods that must be shipped.

That is especially important for the Federal Reserve because another burst of inflation could make policymakers more willing to keep interest rates elevated — or raise them further.

Markets on Tuesday were assigning a very high probability to a Federal Reserve rate increase at Wednesday’s meeting, with Reuters reporting expectations of a hike had moved close to certainty.

What 5% Means for Homebuyers

For Americans looking to buy a home, the Treasury move is particularly important.

Unlike short-term borrowing costs, which are more directly influenced by the Federal Reserve’s benchmark rate, mortgage rates are closely connected to longer-term bond markets, including the 10-year Treasury.

Thirty-year fixed mortgage rates were already above 6.7% this week, according to CNBC Select. A Treasury yield that remains near or above 5% could make a meaningful decline in mortgage rates more difficult, especially if investors remain concerned about inflation and additional Fed tightening.

Even relatively small changes in mortgage rates can translate into hundreds of dollars in additional monthly payments on a typical home loan, putting further pressure on affordability at a time when many buyers are already struggling with high home prices.

Businesses Face a More Expensive Credit Environment

Businesses could also feel the squeeze.

Higher Treasury yields can translate into higher corporate borrowing costs because government bond yields serve as a baseline for pricing many forms of debt. Companies looking to refinance existing loans, fund expansions, purchase equipment or finance real estate may therefore face more expensive credit.

Commercial real estate is particularly sensitive because properties are frequently financed with substantial amounts of debt. Owners with loans coming due may have to refinance at rates considerably higher than those available several years ago.

The combination of expensive borrowing and $100-plus oil creates an especially difficult environment for businesses that depend heavily on financing, transportation or energy.

Wall Street Watches the Fed

The immediate focus now turns to the Federal Reserve.

Investors will be watching not only what policymakers do with interest rates but also what they say about inflation, energy prices and the direction of monetary policy in the months ahead.

Treasury Secretary Scott Bessent said Tuesday that rising bond yields reflected broader global pressures. Analysts cited by Reuters pointed to higher oil prices, expectations of Federal Reserve tightening, heavy demand for capital and concerns about the U.S. fiscal outlook as factors contributing to the rise in yields.

For households and businesses, however, the practical question is much simpler: How long will borrowing costs remain this high?

If the 10-year Treasury remains around 5%, Americans could face an extended period in which mortgages, business financing and commercial real estate loans remain expensive.

After years in which ultra-low interest rates made cheap borrowing almost routine, a 5% benchmark Treasury yield is another sign that the financial landscape has changed — and that the cost of money is once again becoming one of the biggest economic issues facing businesses and consumers.

JBizNews Desk | Trenton, N.J.
© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Good morning. Volkswagen has topped the Fortune 500 Europe for a third straight year, even as the auto industry it leads gets squeezed by tariffs and Chinese competition. The automaker’s revenue still climbed 3.4%, to more than $363 billion, in the fourth edition of Fortune’s ranking of Europe’s largest companies by revenue.

The combined revenues of the companies on the list hit a record high of $15.5 trillion this year. Profits rose 3% to just over $1 trillion, rebounding from a 5% decline in 2025.

Across the Fortune 500 Europe, margins have narrowed for two years running, falling to 6.5% from a high of 7.1% on the 2024 list—despite record revenue and profit growth. That’s consistent with stagflation pressures weighing on Europe’s corporate sector, Guido Cozzi, a macroeconomics professor at the University of St. Gallen, told Fortune’s Sam Birchall.

Three sectors generate over half of all revenue on the list: financials (24%), energy (20%), and motor vehicles and parts (10%). Finance remains Europe’s most dominant sector by revenue, profit, and headcount. A total of 105 finance companies earned a spot in the rankings, together generating 24% of the list’s total revenue, with Banco Santander (No. 9) and BNP Paribas (No. 10) in the top 10.

Financial companies also account for 40% of the list’s profit and employ 14% of its workforce. HSBC (No. 11) is the most profitable company on the list, recording $22 billion in profits for 2025 and one of only 25 companies to generate more than $10 billion in profits.

Europe’s finance-sector prominence stems from its biggest banks’ global reach and technical sophistication, Howard Yu, a professor at IMD Business School, told Birchall. Their decades-long presence in emerging markets gives them a depth few global rivals can match, he argues, calling it “a genuine strategic edge.”

Energy companies generate 14% of the list’s overall profit, and the sector ranks second to financials in employment. Another notable finding: BP is the only top-10 company with a woman CEO, Meg O’Neill. She’s also No.16 on this year’s Fortune Most Powerful Women (MPW) list. When O’Neill took over as CEO on April 1, she became the first woman to lead one of the five major oil companies.

BP is also the only one of its peers with women in both the CEO and CFO roles. Kate Thomson became BP’s finance chief in February 2024 after serving as interim CFO, making her the first woman to hold the role at the company. At Shell, No. 2 on the Fortune 500 Europe list, Sinead Gorman has served as CFO since April 2022. Gorman also earned a spot on this year’s MPW list.

Sheryl Estrada
Sheryl.Estrada@fortune.com

This story was originally featured on Fortune.com

This post was originally published here. 

As America’s chief diplomat and National Security Adviser, Marco Rubio has consistently demonstrated a strong commitment to the US-Israel alliance and to the security of the Jewish state. Throughout his years in public service, including his tenure in the US Senate, Rubio has been a vocal advocate for Israel’s right to defend itself against terrorism and regional threats, while supporting efforts to strengthen strategic cooperation between the two nations. 

As the son of Cuban immigrants who fled communism, Rubio was raised with a deep appreciation for freedom, democracy, and the dangers of authoritarianism. His family’s experience, coupled with his Christian faith, shaped his conviction that America should stand firmly with democratic allies such as Israel and defend religious liberty around the world. His leadership has reflected a broader commitment to confronting anti-Semitism, promoting religious freedom, and affirming the enduring partnership between the American and Israeli people.

This post was originally published on here. 

Award-winning actress Patricia Heaton has used her public platform to become one of Hollywood’s most outspoken Christian advocates for Israel and the Jewish people. 

Raised in a devout Catholic family, Heaton has long viewed her Christian faith as central to her public life. Her concern over rising anti-Semitism, especially following the October 7 attacks, strengthened her commitment to standing with Israel and inspired her to found the October 7 Coalition (O7C) to mobilize Christian support for the Jewish people. Through O7C, Heaton has worked to mobilize Christians against anti-Semitism while promoting understanding, compassion, and solidarity. 

Heaton has consistently spoken out in defense of Israel, highlighting the dangers of rising anti-Semitism, and encouraging Christians to stand publicly with their Jewish neighbors. Her willingness to champion these issues within the entertainment industry has made her an influential and courageous voice for Jewish-Christian friendship.

This post was originally published on here. 

Twin brothers Martin and Andrew Sedra are the co-founding pastors of Echo Church in Sydney, Australia. They have become respected voices within Australia’s Christian community for their steadfast friendship with Israel and the Jewish people. Their support is rooted in a conviction that the Jewish people occupy a unique place in biblical history and that Christians have a responsibility to stand against anti-Semitism and foster genuine relationships with the Jewish community.

Through their preaching, leadership, and public engagement, the Sedra brothers have consistently encouraged Christians to develop a deeper understanding of Judaism, the historical significance of Israel, and the shared spiritual heritage of the Jewish and Christian faiths. They have used their platforms to advocate for Israel during times of conflict, promoted prayer and practical support for the nation, and worked to strengthen ties between Christian and Jewish communities. Their ministry reflects a commitment to replacing misunderstanding with friendship and to demonstrating solidarity with the Jewish people through words and action.

This post was originally published on here. 

Throughout his career in the United States Senate, Lindsey Graham established himself as one of Israel’s most consistent and influential allies in Washington. His support has been shaped by a long-held belief that Israel is both America’s closest democratic partner in the Middle East and an indispensable strategic ally in the face of terrorism and regional instability.

Over his more than two decades in public service, Graham championed robust US military assistance to Israel, advocated for enhanced security cooperation, and was among Congress’s strongest voices in confronting Iran’s nuclear ambitions and regional aggression. He made numerous visits to Israel, maintained close relationships with Israeli leaders across the political spectrum, and frequently defended Israel’s right to protect its citizens from terrorist threats. 

Graham’s willingness to speak forcefully in support of Israel during periods of international criticism earned him widespread recognition as one of the Jewish state’s most reliable friends in American public life.

This post was originally published on here. 

Rev. Samuel Rodriguez has emerged as one of the nation’s most influential evangelical leaders and one of the strongest pro-Israel voices within the Hispanic Christian community. 

Raised in a Puerto Rican Pentecostal family, Rodriguez developed an early commitment to biblical authority, justice, and evangelism. Those convictions led him to champion Israel as both a vital democratic ally and an integral part of the biblical story, making him one of the leading pro-Israel voices in the Hispanic Christian community. 

As president of the National Hispanic Christian Leadership Conference, he has consistently affirmed Israel’s right to exist in peace and security while encouraging greater cooperation between Christians and the Jewish community. Rodriguez has spoken out against anti-Semitism, participated in pro-Israel initiatives, and emphasized the shared biblical heritage that unites Christians and Jews. His leadership has helped expand Christian support for Israel across one of America’s fastest-growing faith communities.

This post was originally published on here. 

Good morning, everyone, and welcome to the middle of the week. Congratulations on making it this far, and remember there are only a few more days until the weekend arrives. So keep plugging away. After all, what are the alternatives? While you ponder the possibilities, we invite you to join us for a needed cuppa stimulation. Our choice today is pomegranate green tea, which we discovered while digging about our pantry. Meanwhile, here is the latest menu of tidbits to help you on your way. We hope you conquer the world and have a wonderful day. And as always, please do stay in touch. Tips, criticism, and all sorts of feedback is always appreciated. …

The U.S. Food and Drug Administration is opening applications for a pilot program designed to shorten the time it takes for drugmakers to begin testing their products in humans, STAT notes. The pilot was first announced in June as part of Operation TrialBlazer, a U.S. Department of Health and Human Services initiative that pledged to shorten FDA drug approval timelines and help the U.S. compete with the rapidly accelerating biotechnology industries in countries like China and Australia. The pilot program seeks to create a network of “qualified research institutions” that will partner with companies to develop and review their Investigational New Drug application packages.

Investors on the libertarian fringe of the biotech industry are making their dream of widespread access to experimental drugs a reality in Montana, Politico explains. Last year, they helped draft a state law to expand access to drugs that no regulator has deemed safe and effective. Now, Montana is relying on a privately run board to decide which treatments to offer — raising concerns about conflicts of interest and, in an industry rife with unfounded claims, whether patients will get value for their money. The company in charge works with biotech firms in a zone off the coast of Honduras that has no drug regulator. Startup biotech firms hope Montana will serve as their shortcut around the FDA’s costly and extensive drug development process.

Continue to STAT+ to read the full story…

This post was originally published here. 

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FDA starts program to get drugs in the clinic faster

The FDA is opening applications for a pilot program designed to speed up the timeline for drugmakers to enter the clinic.

Continue to STAT+ to read the full story…

This post was originally published here. 

Rafael Advanced Defense Systems and Lockheed Martin are working to accelerate the integration of SPICE 1000’s onto the Israel Air Force’s F-35 Adir stealth fighters.

According to Rafael, the integration of the F-35 is being carried out as a joint project between Rafael and Lockheed Martin, at Lockheed Martin facilities in the United States.

The Israel defense giant made the announcement during AFA’s Air Space & Cyber conference in Washington.

The F-35 has been expected to carry the missile, and the acceleration of the project was detailed in the Pentagon’s F-35 Modernized Selected Acquisition Report that was published in early August.

Rafael's SPICE missile (credit: RAFAEL ADVANCED DEFENSE SYSTEMS)

The “integration of Israel-unique Smart, Precise Impact, Cost-Effective 1000B [aka SPICE 1000B] continues to progress with a strategy to accelerate the implementation via a SPICE Lite process,” the report said.

SPICE is a family of electro‑optically guided tactical stand-off strike weapons of various sizes and ranges. The SPICE 2000, the heaviest variant, carries a 2,000‑pound (approx. 900 kilograms) warhead and can glide roughly 60 kilometers. The reach of SPICE 1000 extends to about 125 km., thanks to deployable wings. 

The smallest variant, the SPICE 250, is a different concept entirely: a lightweight glide munition designed for man‑in‑the‑loop control, allowing a navigator to steer it in real time, redirect it, or abort the strike entirely by crashing it into a safe area. Aircraft can carry as many as 16 SPICE 250s at once, making them well-suited for hunting mobile, high‑value targets, such as ballistic missile launchers and air‑defense batteries.

The system incorporates an electro-optic seeker, as well as advanced navigation, guidance, and homing technologies that allow for destroying targets with pinpoint accuracy and at high attack volumes in GPS-denied environments. 

The SPICE 1000 kit has a stand-off range of 125 km. and a CEP of 3 meters. The SPICE family has been used extensively in Yemen, including against explosive‑laden tow boats in coastal harbors, and both the SPICE 1000 and SPICE 250 have been employed in the long‑range missions against Iran during Operation Rising Lion in 2025 and Operation Roaring Lion in 2026.

While neither the company nor the IDF comments much on its operational use, videos published by the Israel Air Force have shown it being used in Roaring Lion. One video was even filmed from the missile’s perspective, before it crashed into the target, blowing it up.

“SPICE 1000 has been sold to several countries and is in operational service with a number of air forces worldwide. It has served as a primary munition of the Israeli Air Force for several years, including extensive use in recent long-range operations flown from F-15 and F-16 aircraft,” Rafael said. 

While the F-35 is considered one of the world’s most advanced fighter jets, the stealth aircraft is limited in the weapons it is able to carry, as they have to be stored in internal munition boxes in order to maintain a low radar signature.

Unlike other F-35s that have been designed to carry munitions in an internal weapons bay, Israeli Adirs can carry JDAMs on external pylons, increasing the jet’s combat flexibility.

“The Israeli Adir is the only F-35 in the world to have conducted operational strikes with an external weapons configuration, significantly increasing its strike capacity,” the IDF said last March.

According to Rafael,  “at a later stage, F-35 operators worldwide will be able to field SPICE 1000.”

The upgrade comes alongside the January 2026 arrival of three F-35s equipped with Technology Refresh 3 hardware. The TR-3 program overhauls the F-35’s core computing infrastructure, a stopgap until the Block 4 enters production.

Defense & Tech by The Jerusalem Post understands that the SPICE will be carried in the internal weapons bay of TR-3 platforms and will provide Israel with its qualitative military edge (QME). 

The Block 4 will provide the aircraft with advanced capabilities that allow them to detect and identify targets at greater ranges and in adverse conditions, as well as advanced non-kinetic EW capabilities. 

The aircraft will also have increased missile capacity, allowing future F-35s, including Israeli Adirs, the ability to carry more next-generation missiles, such as the SPICE 1000s.

The “Block 4 modernization – over 70 major upgrades for all three F-35 variants – is the most significant evolution of F-35 capabilities to date, including increased missile capacity, advanced electronic warfare capabilities, and improved target recognition,” Lockheed Martin said.

The Pentagon report also noted that work to incorporate extended-range tanks and electronic warfare (EW) pods for the IAF is ongoing, but it did not give any dates for when such technology would be fielded on any aircraft.

In May, Israel’s Defense Ministry signed a contract with Elbit Systems subsidiary Cyclone to develop an extended-range capability for the F-35 Adir fighter jet, in what D&T understands was the first time F-35s will be equipped with external fuel tanks.

The new capability is expected to extend the F-35’s operational range, reduce its reliance on aerial refueling, and enhance operational flexibility during long-range missions.

Israel also announced in May that it would be doubling the size of its F-35 fleet from 50 to 100 and its new F-15IA fleet from 25 to 50.

This post was originally published on here. 

The US lost around 30 MQ-9 Reaper drones in the conflict with Iran. This is according to a new Lead Inspector General Report to the United States Congress, Operation Epic Fury, which covers the fighting from April to June 2026. Since June, more Reaper drones have been lost in the conflict.

These drones, the Reaper and the Predator, are legacy American platforms. However, they have been lost in larger numbers as they have been pressed into service in places like Yemen and now Iran.

The losses may suggest that these larger drones are becoming obsolete. The drones are vulnerable to air defenses. The vulnerability stems from their history. They are a legacy of the US global hegemony after the Cold War. The drones symbolize American power. Now they could also be seen as a symbol of the changing world order.

The MQ-1 Predator and MQ-9 Reaper helped transform US unmanned aircraft from reconnaissance platforms into strike systems. That means the Predator was first rolled out for slow intelligence and reconnaissance missions, monitoring areas.

This was considered a dull and dangerous job. Losing reconnaissance planes and pilots has historically been a problem. For instance, Francis Gary Powers was an American pilot whose U-2 spy plane was shot down over the Soviet Union in 1960.

A Ukrainian serviceman from the special police Brigade Hyzhak (Predator) prepares to launch a Blyskavka (Lightning), strike drone, towards Russian troops from a position near a front line, amid Russia's attack on Ukraine, near the frontline in Donetsk region, Ukraine September 10, 2026. (credit: REUTERS/Anatolii Stepanov TPX IMAGES OF THE DAY)

Hellfire missiles: An early breakthrough in drone warfare

The Predator was an answer to this problem. No need to send pilots. Send drones. America’s General Atomics developed the Predator during the 1990s. The prototype first flew in 1994, and the RQ-1 entered operational use as an intelligence, surveillance, and reconnaissance aircraft, including deployments over the Balkans.

Then it became clear that the drone could and should be armed. A breakthrough came when the US began experimenting with arming it with the AGM-114 Hellfire missile.

The first airborne Hellfire launch from a Predator occurred in 2001. By October 7, 2001, armed Predators were flying combat missions over Afghanistan. This was too late to take out Bin Laden. However, the drone became a symbol of the war on terror.

The terrorist groups being hunted by US drones in Afghanistan, Iraq, Somalia, and Pakistan did not have air defenses. However, much has changed since then. The MQ-9 Reaper first flew in February 2001. Reaper entered operational service in 2007.

Compared with the Predator, it offered substantially greater speed, payload, and weapons capacity, including Hellfires and bombs. The Reaper was a natural evolution of the Predator.

The challenge in Iran, Yemen, and other places is that the Reapers are being lost at a higher rate than they will be replaced. It’s not clear if they will actually be replaced as the US transitions to other drones. The war in Ukraine and also in Iran has shown the need for large numbers of other drones.

The US knows it needs not only a Reaper replacement, but also tens of thousands of other smaller drones. In May, Aviation Week noted that the Air Force approved requirements for an MQ-9 Reaper replacement. It was supposed to be attritable, meaning it can be lost in larger numbers.

The requirement called for mass production and an open architecture, with a 1,500 km range and 20-hour endurance. Tyler Rogoway at TWZ noted that the requirement was for a drone “cheap enough to risk losing. “The Air Force’s MQ-9 Reaper successor will trade survivability for lower cost, broader missions, and mass production.”

New drones in development for replacement, supplementation

Armed Forces Press recently noted Swarm Aero had unveiled Gamera, a potential replacement. “After the loss of dozens of its MQ-9 Reaper drones to fighting in Iran, newcomer drone-maker Swarm Aero announced Monday that it had developed a drone in the same medium altitude, long-endurance (MALE) class, capable of executing swarm missions and cheap enough to afford losing, even in large numbers.”

It is said to have “a wingspan of about 72 feet, a payload capacity of 2,800 pounds, a ‘Pacific-spanning’ unrefueled range of 9,000 miles and a combat radius of 2,300 miles with ‘hours’ of on-station time once at its patrol area. Kitted-out Reapers, which reportedly cost $30-50 million apiece, have a payload capacity of up to 3,800 pounds.”

In addition, another report at Aviation International News noted that General Atomics “has unveiled its Wildfire uncrewed air system” as a potential replacement.

The point is that the replacements are coming. In addition, many other drones are being used. The US is worried about munition shortfalls due to the war with Iran.

However, the lesson will be that the US needs new and cheaper munitions and drones. Rather than trying to replace what was lost, the war will lead to major changes, much as the Second World War and other conflicts have.

The US military is already investing in lower-cost drones and missiles that can be produced and employed in large numbers, reflecting lessons from Ukraine and the 2026 conflict with Iran. One example is the Low-Cost Uncrewed Combat Attack System (LUCAS), a one-way attack drone similar to Iran’s Shahed 136.

Cheaper missiles are also a good move to get around the losses of the Reapers. Anduril’s Barracuda-500M is designed as an affordable, mass-producible cruise missile. Another entrant is Covenant’s Anthem, a long-range cruise missile carrying a payload exceeding 200 kilograms.

The future is clear. More cheap and mass-produced drones and missiles. The era of the Reaper and Predator as a symbol of American warfare may be ending. Many other countries that use large drones, including Israel, will be learning from this. 

This post was originally published on here. 

Labour’s Britain: Patron of anti-Israel Islamists

The decision by Britain’s Labour government to impose new sanctions on Israel, just as the Islamic Republic’s regional Axis of Evil has been heavily degraded, its top leadership eliminated, and its proxy networks shattered, is not a routine diplomatic shift. It is the continuation of a long-standing, calculated historical pattern.

This latest action comes in the shadow of the October 7 anniversary, following a critical military turning point: the IDF completing its takeover of the strategic Ali al-Taher ridge and dismantling Hezbollah’s key tunnel infrastructure in southern Lebanon.

London is no longer operating behind the curtain, signaling to Islamists that they still have a major power patron, while stepping openly into the role of a major opponent of Israel just as Iran’s proxy network faces unprecedented destruction.

While the UK sanctions Israel over the construction of 1,200 residential units east of Jerusalem, it took zero practical action against the Islamic Republic’s massacre of over 50,000 Iranians on January 8-9, 2026. To make matters worse, British Foreign Office officials even attended a celebratory event at the regime’s embassy.

 Demonstrators take part in an antisemitism protest outside the Labour Party headquarters in central London, Britain / Keir Starmer speaks during the Labour leadership hustings (credit: REUTERS/SIMON DAWSON, SHUTTERSTOCK)

Britain: Iran’s enemy from 1941 occupation to 1979 revolution and today

Iran and the Jewish people share a unique biblical and historical bond in the region, yet Britain has a long record of positioning itself against both Iranian sovereignty and Jewish sovereignty.

The UK was the mastermind behind the occupation of Iran in August 1941. They exiled Reza Shah Pahlavi out of a personal vendetta against him for reclaiming Khuzestan, a province of Iran that the UK intended to turn into an independent state, similar to the Persian Gulf nations.

The UK and its propaganda enterprise, the BBC, were among the main puppet masters of the 1979 catastrophe and the rise of the Islamists to power in Iran. This is the very same BBC that has now become the “anti-Israel-in-chief” media, effectively serving as Hamas’s media outlet during the war following the October 7 atrocities.

Double standard: Judea and Samaria vs Falklands

In his 1896 manifesto The Jewish State (Der Judenstaat), Theodor Herzl foresaw that European antisemitism would culminate in catastrophe and argued that Jewish security ultimately required an independent, sovereign homeland.

Today’s British policies reflect the very hostility Herzl anticipated.

The United Kingdom officially labels Israeli sovereignty over its historic heartland, Judea and Samaria, an “occupation,” popularizing the artificial term “West Bank.”

Yet, the British Government defends British sovereignty over the Falklands based on historical ties, thousands of kilometers away, while denying Israel that very same right in its own historic heartland. This institutional hypocrisy reveals a foundational truth: an institutional problem with the idea of independent Jewish sovereignty.

The British Mandate for Palestine

The historical roots of this bias took shape during the British Mandate for Palestine. Britain suspended the Mandate’s provisions establishing a “Jewish National Home” east of the Jordan River, using its administrative powers to reserve this vast territory for Arab settlement and prohibit Jewish immigration and land purchases.

The creation of the Kingdom of Jordan across roughly 77% of the original Palestine Mandate was an intentional strategic move. It ensured that when the land was partitioned between Jews and Arabs, the Jewish people received the smallest fraction possible.

This 1922 carving meant that by the 1947 UN Partition Plan, only the remaining 23% of the western territory, comprising modern Israel, the West Bank, and Gaza, was left as the baseline for division.

British role in Amin al-Husseini evading trial

This institutional shielding of extremist antisemitic forces became glaringly evident in the aftermath of World War II. 

Amin al-Husseini, the grand mufti of Jerusalem, who actively collaborated with Adolf Hitler and helped build the Muslim Nazi SS “Handschar” division to perpetrate atrocities against Jews and Serbs, was formally indicted as a war criminal by Yugoslavia. 

Yet, British authorities consciously intervened, effectively allowing the mufti to evade trial and escape safely to Egypt, prioritizing imperial leverage over justice for Jewish victims.

1948: Labour government’s effort to kill newborn Israel

This cynical shielding paved the way for the next phase of containment: the explicit attempt to suffocate the State of Israel in its infancy during the 1948 War of Independence, an operation designed and executed entirely by a Labour government.

Under former Labour prime minister Clement Attlee and foreign secretary Ernest Bevin, London actively sought to crush the nascent Jewish state.

In the war’s opening days, the invading Arab armies held a distinct tactical advantage, particularly Jordan’s Arab Legion, directly trained, financed, and commanded by British officers such as John Bagot Glubb, known as Glubb Pasha.

To lock in these early Arab gains and deny Israeli forces time to mobilize or buy weapons, Britain drafted and aggressively pushed UN Security Council Resolution 50.

The resolution imposed an arms embargo and ceasefire, giving London a diplomatic tool to manage the conflict through the UN to the Arab coalition’s advantage.

Britain’s rigid enforcement of this weapons embargo placed immense pressure on Israel at the very moment of its birth. The British Royal Navy effectively blockaded Israel’s coastlines, intercepting shipments of weaponry and Jewish volunteer fighters trying to reach the front lines. 

Had it not been for the life-saving clandestine arms shipments supplied by Czechoslovakia during that exact window, the British-led embargo could have achieved the collapse of the newborn Israel.

2002: Labour government’s lifeline for the Islamic Republic

This deep-rooted history directly explains modern British foreign policy alignments. Decades later, when the Islamic Republic’s secret nuclear facilities at Natanz were exposed in August 2002, Tony Blair’s government shifted the global spotlight. 

In September 2002, Blair published the infamous “Iraq dossier” detailing Saddam Hussein’s supposed weapons of mass destruction. 

The March 2003 invasion deployed British troops into Shia-dominated southern Iraq, shattering the regional balance of power in favor of Tehran, creating a vacuum that allowed Iran to expand its regional dominance and build its proxy network threatening Israel.

Today, with that very same proxy architecture severely weakened, the British Labour government under Prime Minister Andy Burnham and Foreign Secretary Edward Miliband has stepped forward once again.

By implementing trade bans on Judea and Samaria settlement goods and freezing export licenses for weapons that “materially contribute to the occupation,” they are running the exact same play: an enduring strategy to contain and undermine the sovereign Jewish state.

Labour’s hollow gesture: Israel’s invincible military, intelligence, and technological power

Yet, this performative gesture exposes Labour’s geopolitical impotence. Israel’s domestic defense sector is vastly more advanced than Britain’s, making any embargo obsolete. 

Israel does not rely on the UK for weaponry; conversely, European powers increasingly depend on Israeli technology, evidenced by Germany’s purchase of the multi-billion-dollar Arrow 3 and Greece’s historic €3 billion deal for an all-Israeli multi-layered air defense architecture, including David’s Sling and Barak MX, to build its “Achilles Shield” network.

Furthermore, because the F-35 is an American-led program, Britain cannot disrupt parts destined for Israel without risking disruption to its own global aviation supply lines.

Conclusion

Ultimately, Labour’s actions are entirely performative. 

From Attlee in 1948 to Blair in 2002 and Burnham in 2026, the British Labour Party remains the primary Western vehicle for the containment and undermining of the sovereign Jewish state, increasingly dependent on the votes of Britain’s more hardline Muslim constituencies, resorting to hollow diplomatic posturing while Israel maintains absolute technological and battlefield dominance.

The writer is the communications director to Prince Reza Pahlavi and an Iranian journalist who previously served as editor-in-chief of news at Manoto TV, a UK-based Persian-language television network.

This post was originally published on here. 

Turkey’s stock market fell as much as 5% Wednesday as a problem that began inside a group of investment funds spread into a broad market selloff.

The BIST 100 dropped to around 13,195, its steepest decline since May. Banks and industrial stocks also fell about 5%, while technology, construction and machinery shares suffered even larger losses.

The immediate concern is liquidity — whether investment funds can raise enough cash when investors ask for their money back.

Pusula Portföy Yönetimi disclosed that some of its funds were unable to make redemption payments on time, resulting in defaults. Investors have pulled roughly 129 billion Turkish lira from Pusula funds since the end of August, according to data compiled by Turkish fund-tracking platforms Fonbul and Fintables.

The damage inside some funds has been extreme. Pusula’s equity-heavy fund has reportedly lost about 92% over that period, while several other portfolios have fallen between 45% and 94%.

That matters far beyond one asset manager.

When investors rush to withdraw money from a fund, the manager needs cash to pay them. If the fund does not have enough cash, it may have to sell stocks quickly — including shares it would otherwise prefer to keep.

Those forced sales push prices lower. Lower prices can trigger additional investor withdrawals and automatic stop-loss orders, creating another round of selling.

That is the fear now moving through Istanbul.

The decline accelerated after the BIST 100 broke below the psychologically important 14,000 level, activating additional stop-loss selling. The index had already dropped 2.41% Tuesday before Wednesday’s losses deepened.

Turkish regulators have also been scrutinizing funds holding large positions in relatively illiquid stocks — shares where a large block cannot necessarily be sold quickly without driving the price sharply lower.

The broader global backdrop is making the problem harder. Oil remains above $100 a barrel, global bond yields are elevated, and investors are awaiting the Federal Reserve’s interest-rate decision Wednesday. Those pressures have already reduced investors’ willingness to hold riskier assets.

For investors, the key question is no longer simply whether several Turkish funds made bad investments.

It is whether funds needing cash will be forced to sell enough stock to drag down otherwise unrelated companies.

That is how a liquidity problem inside a few portfolios can become a market-wide problem.

JBizNews Desk | Istanbul

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

US officials met representatives of Yemen’s Houthis in Oman over the weekend, five sources familiar with the matter said, days after the Iran-backed terror group seized a strategic stretch of the Red Sea coast in a sweeping offensive that routed Saudi-backed forces.

The meeting, which has not been made public, was held at the US Embassy in Muscat, three of the sources said on the condition of anonymity. Two sources said that Oman’s government, a longtime regional mediator, helped organize the meeting.

The Trump administration designated the Houthis a “foreign terrorist organization” in March 2025, criminalizing support for the group. But Washington has negotiated with them since, reaching a ceasefire in May last year after bombing the group for two months to halt a campaign of attacks on Red Sea shipping.

US President Donald Trump said on Saturday that the Houthis had phoned his administration asking the United States to keep out of the Yemen war. US Vice President JD Vance said on Monday the United States was in direct contact with the group, without giving details.

Meeting was held at US Embassy in Muscat and helped by Oman, sources said

In the meeting, which one source said took place on Sunday, the Houthis told US officials that they had no intention of attacking American vessels and that they were committed to the 2025 ceasefire with the US, two sources said.

Vice President JD Vance arrives at Joint Base Andrews Tuesday, 15th September 2026 (credit: Mark Schiefelbein/Pool via REUTERS)

One of the sources, a Yemeni, said the terror group also said they would not attack Israeli ships or any commercial vessels, except those belonging to Saudi Arabia.

According to two of the sources, the US side was represented by embassy personnel.

One source said the Houthi delegation included a senior official based in Muscat who is under US sanctions, Mohammad Abdulsalam. Another source confirmed Abdulsalam’s presence, along with another senior Houthi official, Abdelmalik al-Ajiri.

Asked whether the US had met with the Houthis in Oman, a State Department spokesperson did not confirm the meeting, but said safeguarding freedom of navigation in the Red Sea and preventing the export of terrorism from the Middle East were core US interests.

Oman’s embassy in the US and senior Houthi official Abdulsalam did not respond to a request for comment.

The Houthis last week seized effective control of Yemen’s entire Red Sea coastline, including the historic port of Mocha, and Perim Island in the Bab el-Mandab, or “Gate of Tears” strait, at the sea’s mouth.

The Houthis, who seized Yemen’s capital in 2014, have fought against a Saudi-led coalition for more than a decade. The war had quieted under a ceasefire in recent years, but fighting resumed in July when the Houthis declared a blockade on Saudi shipping in the Red Sea in response to a Saudi blockade of Yemeni ports.

Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, called Trump last week seeking US military support amid the dramatic Houthi advances. Reuters has reported that Washington told Riyadh it would not get directly involved.

This post was originally published on here. 

While military action in Iran has dragged on longer than the White House initially estimated, President Trump is still insistent that, in the grand scheme of things, the conflict doesn’t even constitute a war.

But the cost of the military intervention—discounting the broader macroeconomic effects arising from supply chain upheaval—is still high, and growing. A new report from the Congressional Budget Office (CBO) released yesterday found that as of August 1, 2026, the armed conflict with Iran has cost the Department of Defense approximately $38 billion.

These funds reflect the cost of replacing expended munitions and equipment lost in battle, the CBO wrote, as well as increased flying hours, increased fuel costs, and “other operations.”

The estimate doesn’t include spending already budgeted for, such as the basic running costs of the military involved in the conflict. It also doesn’t take into account increased costs for other parts of the federal government, such as increased fuel prices paid by the postal service.

The total sum is also likely to have risen meaningfully since the beginning of August. If the conflict persists, the CBO notes, costs will increase: slowly if the level of violence remains low, but more rapidly if tensions escalate as they did in July.

If tensions are relatively muted—as they were in May and June—the action would require roughly $2 billion per month in financing. If tensions were to escalate to the levels seen later in the summer, this would rise to $3 billion a month—and higher if the conflict spiraled beyond levels currently seen.

The cost of the conflict thus far has come in below the additional sum the White House requested in June to fund the action. The CBO said the administration requested $87.6 billion in supplemental appropriations, of which $67.1 billion was to be funneled into the Department of Defense. “The portion of that request that appears to be directly related to the conflict, $42.3 billion, is about 10% larger than CBO’s estimate of DoD’s costs,” the CBO noted.

Indeed, the CBO’s estimates are roughly on par with (if not below) other reports. Defense Secretary Pete Hegseth said in July that the war had thus far cost $37.5 billion, while The Hill reported this week that the Pentagon’s latest update to Congress was that the conflict now totalled $42 billion.

Broader economic costs

President Trump has been keen to downplay the magnitude the Middle East conflict is having on America.

Trump defended Vice President J.D. Vance’s position that the conflict doesn’t warrant being called a war. Trump told reporters earlier this month: “A lot of people don’t call it a war, I call it a military conflict because it’s small potatoes for us, it’s not a thing.”

Trump highlighted that while 18 U.S. service members have died in the conflict, this is significantly lower than wars in recent memory—and described the strikes as “intermittent.” The CBO echoed that “relatively few U.S. forces have been involved compared with the much larger and longer U.S. operations in Iraq and Afghanistan.”

However, the financial costs to the federal budget and households are significant. In June, Moody’s estimated the cost to consumers for the Iran war is $750 a household—or $100 billion. Much of those extra costs have been passed on to households in the form of increased military spending and higher prices from oil supply disruption, according to Mark Zandi, chief economist at Moody’s Analytics.

This story was originally featured on Fortune.com

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In a factory in Vantaa, a city in southern Finland, scientists and engineers are working on a groundbreaking innovation that converts carbon dioxide and hydrogen into a protein powder called Solein. The mustard-yellow powder, developed by Solar Foods, can be used in protein shakes and bars, pasta, and meat alternatives. The company claims Solein has dramatically lower emissions than conventional protein, and almost completely decouples protein production from land—reducing the need for intensive agriculture.  

German engineering company GEA Group invested €8 million ($9.2 million) in Solar Foods earlier this year, taking a roughly 5.5% stake in the Finnish company and becoming its strategic partner. It is the latest example of GEA’s commitment to sustainability—backing not just the idea of a more sustainable food system, but the technologies that could make it commercially viable.  

“I strongly believe that it is necessary to do something to save this planet,” says GEA Group CEO Stefan Klebert. “We are in climate change—nobody, I think, can ignore this anymore. We can do better.” 

Beyond the Solar Foods investment, GEA is embedding sustainability into its core business. It is currently redesigning the machinery and systems it manufactures—which are used to produce food, drinks and pharmaceuticals—to make them significantly less energy intensive (its technologies are used in dairy processing, food drying, fermentation, freezing, and packaging). The company is targeting net zero across its value chain by 2040, with plans to invest around €175 million ($201.9 million) over that period in decarbonizing its own factories. 

“We are in climate change—nobody, I think, can ignore this anymore. We can do better”

GEA Group CEO Stefan Klebert

As the debate rages about whether European companies can realistically meet their net-zero targets while achieving the growth needed to remain competitive with China and the U.S., GEA’s stance stands out.  

Earlier this year, a survey of more than 300 European chief sustainability officers by management consultancy Horváth suggested that around two in five companies are reassessing their climate ambitions in the face of short-term performance pressure and geopolitical uncertainty. More than half (57%) of respondents to a survey of European businesses by EY said sustainability initiatives would be among the first to go if they had to make cuts. 

In contrast, GEA Group says it has shown that sustainability can be baked into a profitable business model. Its revenue grew to €2.7 billion ($3.1 billion) in the first half of 2026, 5.7% higher than the same period last year, and its EBITDA before restructuring costs rose 10% to €456.5 million ($526.7 million), with a 16.8% margin.  

Klebert attributes this to a shift in culture: Rather than pursuing incremental productivity gains from an already resource-intensive process, GEA now tasks its engineers with finding step-change reductions in the resources required to produce the same amount. “We put a very strong focus on our engineers to come up with energy saving solutions,” Klebert explains. “I told them, don’t innovate to find 15% more output. We want to do the same thing, but with 30% to 40% less energy, less water, or any other resources.” 

He gives milk drying as an example: GEA developed an industrial heat pump that it combined with a milk spray dryer, allowing one of its customers, the Danish organic milk producer Arla, to produce the same output while cutting total energy consumption by more than half. The energy saving was so dramatic that Arla’s local energy supplier called to check if something was wrong.  

This approach is becoming a growing advantage for GEA Group, as companies across Europe face depleted energy reserves and rising costs this winter, partly resulting from the Iran-U.S. conflict. “A lot of companies are struggling with high energy costs. Especially in Germany, energy prices are sky high and going up because of a lot of stupid decisions that have been made [at a policy level],” says Klebert. “So, for us, the focus on sustainability is not only coming out from the conviction that we need to do something good for the world—it is also a business model.” 

He acknowledges that there are differences between businesses depending on the sector they operate in. “We have an advantage that our customers are highly energy intensive, and if we innovate in saving energy, it helps us to reduce our scope 3 [emissions] and, at the same time, deliver a tangible benefit to our customers,” says Klebert. “There might be other industries where it is different, where the company itself consumes a lot of energy—a chemicals business, for example.” 

However, he believes that business leaders across all industries have a responsibility to drive change. “Of course, we have to stay competitive, but it’s also about innovation, having good ideas and meeting the challenge, because I think there is no other way. Of course, it costs money. But if you have good products, if you are innovative, if you have an efficient organization, you can afford it,” Klebert adds.  

“No company, I’m quite convinced, will go out of the market because of the decision to do something good for the planet. That’s my deep conviction.” 

For the latest coverage and updates from Fortune CEO Forum, as well as insights into the companies on our list, visit this page.

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In 2025, Mark McQuade took a gamble wholly specific to the AI era. 

Arcee AI, the startup he founded in 2023, was focusing on post-training—the process by which an existing model is honed for humans. But McQuade saw an opening: Meta had just backed off its push into open-weight models, a vital (and tricky) middle ground in AI. Open-weight models allow companies (and people) to securely run state-of-the-art AI without turning their data over to, say, OpenAI or Anthropic.

But if McQuade wanted to fill the gap, he and Arcee would have to build their own model completely from scratch, a technical and financial mountain to climb. 

“We saw an opportunity, and we had $30 million in the bank,” said McQuade. “I said ‘let’s do it’ and I bet the company on it. ‘Let’s spend 65% to 70% of our capital.’”

The startup over the coming months burned about $20 million training four open‑weight models, including a 400‑billion‑parameter model called Trinity Large, released in early 2026. $20 million, in AI, is a shockingly low number—conventional wisdom states that you need billions to train a new model, a belief challenged dramatically when China-based DeepSeek surfaced in 2025, with reports that the top-notch model was trained for under $6 million. 

In AI, open-weight models are definitionally geopolitical, and China, so far, has dominated the game. Arcee—whose models have beat Meta’s Llama 3, and have benchmarked on par with Mistral and Chinese models—has been relatively quiet, but is now stepping forward: the startup has raised its Series B at a $1 billion pre-money valuation, Fortune has exclusively learned. The round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from Microsoft’s M12, AI10 Ventures, Hitachi, IAG, P7, and Wipro. Arcee declined to disclose the amount raised in this round, but a source familiar with the matter told Fortune it was at least $150 million.

The cash will funnel towards new open-weight models and products, along with growing Arcee’s partnership with the U.S. Department of Energy. (Arcee will also be working extensively with Vista’s portfolio companies.) However, McQuade is very clear: The ultimate goal is to catch China. 

“Everyone talks about China versus the U.S.,” said McQuade (who was previously an early employee at Hugging Face, just acquired by Nvidia for almost $13 billion). “My stance is: just do something great. Catch up to them. Do the work… In order for the U.S. to take the absolute lead in the AI race, you have to be in the lead when it comes to closed and open. The U.S. is far ahead in closed source, but kind of dropped the ball on open source.”

McQuade says it’s time to pick up the ball: “We’re not chasing [Poolside’s] Laguna,” he says. “We’re chasing [Beijing-based Z.ai’s] GLM Flash.”

To get there, efficiency is non-negotiable, McQuade said. And, for Arcee, efficiency’s also the game plan: “We can comfortably say we’re the most efficient lab in the world based on what we’ve done.”

Building in AI is a high-wire act on its own, but the game at the model layer is that much more viscerally competitive, in the U.S. and abroad. McQuade didn’t just pivot, he dove into the deep end, and I asked him: Why cannonball, when you could’ve dipped a toe in?

“Gosh, adrenaline? I don’t know, I like to push the envelope,” he said. “In AI, things change so fast, so what’s the point of dipping your toe in. If you fail, you fail, and at least you tried. If you’re going to do something, go all in.” 

See you tomorrow,

Allie Garfinkle
X:
@agarfinks
Email: alexandra.garfinkle@fortune.com

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At 7 a.m. Eastern Time today, the price of oil sits at $108.34 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $1.77 since yesterday morning and roughly $40 more than at this time last year.

oil price per barrel % Change
Price of oil yesterday $106.57 +1.63%
Price of oil 1 month ago $90.94 +19.13%
Price of oil 1 year ago $68.72 +57.65%

Will oil prices go up?

Nobody can predict the future path of oil prices with certainty. A range of factors influence how oil trades, yet supply and demand remain the main drivers. When fears of economic slowdown, conflict, or similar shocks rise, oil prices can move sharply.

How oil prices translate to gas pump prices

The price you see at the gas pump reflects more than just crude oil. Also built in are the costs of refining, distribution through wholesalers, various taxes, and the margin your neighborhood station charges.

Crude oil is still the largest single driver of the final pump price, typically representing over half of each gallon’s cost. Spikes in oil prices tend to push gas prices higher in short order. But when oil prices decline, gas prices often ease down gradually, a behavior known as “rockets and feathers.”

The role of the U.S. Strategic Petroleum Reserve

In the event of an emergency, the U.S. maintains a stockpile of crude oil known as the Strategic Petroleum Reserve. Its main goal is to safeguard energy security when disasters strike—think sanctions, severe storm damage, or war. It can also do a lot to ease the pain of sudden price jumps when supply gets disrupted.

It’s not a permanent fix, as it’s more meant to provide immediate support for consumers and ensure critical parts of the economy like key industries, emergency services, public transportation, and so on can keep operating.

How oil and natural gas prices are linked

Both oil and natural gas play key roles as major sources of energy. A big change in oil prices can affect natural gas by proxy. If oil prices increase, some industries may swap natural gas for some segments of their operations where possible, increasing the demand for natural gas.

Historical performance of oil

Oil prices are often measured by two key benchmarks:

  • Brent crude oil is the main global oil benchmark.
  • West Texas Intermediate (WTI) is the main benchmark of North America.

Between the two, Brent is a better representation of global oil performance because it prices much of the world’s traded crude. It’s also often the best way to review historical oil trends. In fact, the U.S. Energy Information Administration now leans on Brent as its primary reference in its Annual Energy Outlook.

When you look at the Brent benchmark across multiple decades, you’ll see that oil has been anything but consistent. It has experienced spikes driven by wars and supply cuts, as well as crashes linked to global recessions and an oversupply (called a “glut”). For example:

  • The early 1970s brought the first big oil shock when the Middle East cut exports and imposed an embargo on the U.S. and others during the Yom Kippur War.
  • Prices dropped in the mid-1980s for reasons such as weaker demand and more non-OPEC oil producers entering the industry.
  • Prices spiked again in 2008 with rising global demand, but soon crashed alongside the global financial crisis.
  • During the 2020 COVID lockdown, oil demand collapsed like never before, bringing prices to under $20 per barrel.

In short, oil’s historical performance has been far from steady. It’s massively affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.

Energy coverage from Fortune

Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:

Frequently asked questions

How is the current price of oil per barrel actually determined?

The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.

How often does the price of oil change during the day?

The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.

How does U.S. shale oil production affect the current price of oil?

In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.

How does the current price of oil impact inflation and the broader economy?

When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.

This story was originally featured on Fortune.com

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Jewish security leaders praised London Fire Brigade for its response to the spate of antisemitic arson attacks across the city this year, while warning that the attacks exposed a broader security crisis facing British Jews.

On Tuesday, the London Assembly Fire Committee met to discuss LFB’s response to the antisemitic arson attacks that occurred between March and May 2026, including the burning of Hatzolah ambulances.

Present were Community Security Trust CEO Mark Gardner, Hatzolah NW’s Yanky David, London Fire Commissioner Jonathan Smith, and two LFB commissioners.

Gardner spoke of how the “randomness” of the attacks had originally confused the police, who sought advice from CST on what connected the different synagogues and Jewish sites.

“The only thing that connects them is that they’re Jewish or, as was said by the group, the so-called group responsible for the attacks, that they’re Zionist. That’s the only thing,” he said.

A member of the Hatzola Northwest emergency ambulance service speaks with police after four Hatzolah ambulances were set on fire overnight on March 23, 2026 in London, England. (credit: Leon Neal/Getty Images)

In part because of the breadth of targets – from Jewish businesses to ambulances to reform synagogues – “it felt to the entire Jewish community that everybody was at risk of attack,” Gardner told the Assembly.

Concern about attacks becoming normalized

He added that he was concerned about attacks becoming normalized and the community being on edge.

He also expressed concern that, after the attacks became less frequent and then paused entirely, “the awareness of police, of fire brigade, of the assembly members, of government, etc., that they basically relax about the situation.”

Nevertheless, praised the LFB for its “terrific” response to the attacks, and described the efforts as “vitally important.”

Just last weekend, LFB carried out an emergency response demonstration at Finchley Fire Station to show the Committee and Jewish leaders how it would respond to a future terrorist attack.

LFB borough commander Rob Davis said this run-through was important given the changing face of attacks, and stressed that firefighters should be able to enter potential incidents “knowing from start to finish what the protocols and steps look like.”

Visitors were shown the LFB’s marauding terrorist attack response capability, which was introduced following the Manchester Arena attack in 2017, and were also shown measures that could be put in place at Jewish community buildings to help them prepare.

David cited this in Tuesday’s assembly, saying “the amount of resources that the London Fire Brigade had brought forward to that event to make it as realistic as possible and to prepare us, God forbid, for an eventuality that may happen was phenomenal. And we felt the support, and we felt as an organization that we had partners.”

David recalled being one of the first people to attend the burning ambulances when it was initially a small fire.

“The fire brigade who attended, they literally dove straight in and started tackling it, and they were phenomenal. We had to evacuate elderly residents from the neighboring apartment blocks, and we just worked alongside each other on that night phenomenally.”

Nevertheless, David acknowledged that the incidents were “traumatic” for the community and it lost four of its frontline ambulances.

“For an ambulance to be attacked, it’s almost as if someone is ripping out the defibrillators from every public building in London,” David said.

Gardner said that the existing Jewish security measures would be regarded as quite extreme to anyone outside the community, but within the Jewish community, “there’s a horrible normality around them.”

“We can’t keep building bigger walls. It just can’t continue like that,” he said, adding that it will continue to get worse until Jews either leave or the underlying reasons for the hatred are addressed.”

‘I’ve never quite seen operational pressure like it’

Jonathan Smith, London Fire Commissioner, said listening to the praise from Gardner and David for the London Fire Brigade “is something I’m incredibly proud of.”

“When what can at times appear to be the rest of the world is against a particular community, I think our role as the London Fire Brigade as the emergency service to step into that space and provide that level of reassurance is incredibly important,” he said.

Smith, however, spoke of the operational pressure the organization has been under this year.

“And in 27 years as a firefighter and officer, I’ve never quite seen operational pressure like it.”

Smith said the London Fire Brigade will need direct funding from central government to support its national security role.

That aside, Smith said in terms of the actual response to the attacks that we saw at the start of the year, “I couldn’t be prouder of what the London Fire Brigade has done.”

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Former Yisrael Beytenu MK Esterina Tartman died on Wednesday at age 68.

She was an MK from 2006 to 2009 during the 16th and 17th Knessets.

After retiring from political life, Tartman turned to private business and public activity outside of government.

This is a developing story.

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Get your daily dose of health and medicine every weekday with STAT’s free newsletter Morning Rounds. Sign up here.

Good morning. A family member told me he’s trying to eat 30 different plants each week for a diverse gut microbiome. The list includes whole foods, of course, but also spices and herbs. Is this backed by science? I have no idea. Is it fun to compare lists at the end of the week? You bet. 

Read the rest…

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Baseball Hall of Fame pitcher and legendary New York Yankees starter CC Sabathia has told the story many times: Dave Stewart changed his mindset forever at just 9 years old in his hometown Vallejo, California. 

Stewart, a three-time World Series champion and World Series MVP during his time pitching for the Oakland Athletics, made a surprise visit to Sabathia’s Boys and Girls Club when he was just a kid. Stewart shared a message of inspiration, and it’s one that stuck with a fellow African American major league great who just so happened to hoist his own World Series trophy in a town known best for their hardware on the diamond. 

It’s hard to become a Yankees legend, and it’s even harder to find your name amongst the rarest of rare in Monument Park, where the likes of Mickey Mantle, Babe Ruth and Lou Gehrig reside in immortality. On Sept. 26, Sabathia will have his No. 52 retired forever by one of the most iconic franchises in sports, an honor he can’t wait to finally see come to life after learning the shocking news months prior.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

But while Sabathia’s on-field accomplishments are Hall of Fame and Monument Park worthy, his off-the-field contributions to the next generation are just as timeless and important. 

That was on full display Monday at Alpine Country Club in New Jersey, where Sabathia held his 6th Annual Golf Classic for his PitCCh In Foundation. With golf being his latest sports passion post-retirement, it’s a day Sabathia looks forward to with his friends while making a community impact that feels as good as hitting a hole-in-one. 

“It’s always fun to be able to get out on the golf course and obviously raise money for a good cause,” he told FOX Business before teeing off alongside the likes of Victor Cruz, Gary Sheffield, JR Smith, Matt Barnes, Ron Harper, Jimmy Rollins, Ja Rule and the list goes on. “Our foundation, the money goes directly to the kids in the Bronx. Our kids back home in our hometown of Vallejo [California], this is a direct effect of people coming out here to play golf. 

CC SABATHIA’S PASSION FOR GOLF CONTINUES TO IMPACT YOUTH THROUGH PITCCH IN FOUNDATION’S ANNUAL TOURNAMENT

“I was just sitting down talking to Adam Jones and talking about being able to play golf, and the last six years, the network I’ve been able to build just around the game of golf. I wish I would’ve been playing longer, but I’m here now and excited.”

The event raised more than $450,000 to help PitCCh In continue creating opportunities and resources for young people and their families on both coasts in one unforgettable day. 

It’s moments like this that have Sabathia excited for this next chapter of his life. Yes, he will still be impacting the game of baseball, whether that be broadcasting, or working with the Yankees and MLB as a whole. 

But his foundation is something he holds near and dear to his heart, as does his wife Amber and their four children. In fact, PitCCh In is a true part of the family in their eyes. 

“It’s great to see the foundation thriving in retirement. Sometimes in retirement, foundations go by the wayside, or players get busy and different things happen. But this is kind of our fifth child we’ve always said,” he said, smiling. “PitCCh In has been such a huge part of not just our lives, but like we said, kids on both coasts [and] our kids’ lives. 

“I was just with Derek [Jeter] and he celebrated his 30 years for Turn 2 [Foundation], and just the impact he’s been able to make on the youth just in general. So many different stories, Jeter’s Leaders [Program] and people, in the last 30 years that he’s been able to impact. Hopefully, PitCCh In can continue to be that vehicle for years to come, too.”

PitCCh In has done everything from field renovations to baseball clinics, to providing college scholarships and school supplies as ways to impact the communities the Sabathia family cares about most. They also have a mentorship program where, through educational and athletic activities, the lives of the youth involved are strengthened on levels both physical and emotional. 

Sabathia’s baseball legacy will be told forever in the halls in Cooperstown and behind the center field wall at Yankee Stadium come Sept. 26. But his story is one that goes well beyond the baseball player. 

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It’s also the person he is, and the family he’s surrounded by, that continues to support and impact in a way he felt from the very beginning. 

“It was big for me when I was a kid, just having people that took interest in my life,” he said. “I just think about me being lucky in the situation I was in, whether it was my Boys and Girls Club – there was a guy named Philmore Graham who ran my Boys and Girls Club and took a huge interest in me. My high school baseball coach, my fifth grade teacher, all these different people who made an impact and why I’m sitting here. I want to hopefully be that for a kid.”

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European Commission President Ursula von der Leyen on Wednesday proposed opening the door for Canada to become the European Union’s first “associate member,” a significant step that could bring Ottawa substantially closer to the bloc as its trade dispute with the U.S. shows no signs of abating. 

Speaking in Strasbourg during her annual State of the European Union address, von der Leyen addressed Canadian Prime Minister Mark Carney, who was in the chamber, and called for a major expansion of economic, technological and security cooperation between Canada and the EU.

“I would like to work with you on opening the door for Canada to be the first associate member of the EU,” von der Leyen said, drawing a standing ovation from EU lawmakers before walking over to embrace Carney.

BILLIONAIRE WARNS ‘EVIL EMPIRE’ WANTS TO ‘CRIPPLE TRUMP,’ CALLS OUT AMERICA’S NORTHERN NEIGHBOR

Von der Leyen said the two sides would move from their existing CETA trade agreement toward what she called an “Alliance for the Future,” aimed at creating a common prosperity and economic security space.

The proposed partnership would deepen cooperation for advanced manufacturing, defense production, energy, critical minerals, artificial intelligence, quantum technology, cybersecurity and the Arctic.

“We see the world with the same eyes,” von der Leyen said, citing shared positions on issues ranging from Ukraine and defense to supply chains and climate change.

“But above all … Europe and Canada believe in democracy,” she said. “This is a partnership not against anyone else, but for our common strength.”

The proposal comes as Canada seeks to diversify its trade away from its heavy reliance on the United States.

Carney has pledged to double Canada’s non-U.S. trade over the next decade following a breakdown in Canada-U.S. trade talks last month that triggered a series of tit-for-tat tariff measures.

Earlier this week, Carney — who is scheduled to address the European Parliament on Thursday — said Canada was seeking a “unique alliance” with the EU, but not membership.

He said more detailed discussions are expected to begin at the Canada-EU summit in Montreal in late October.

But the proposal still faces significant legal and political questions. The EU has historically resisted flexible alliances without a defined legal status. 

Speaking to Reuters on the matter, one EU diplomat expressed surprise at von der Leyen’s announcement, saying the proposal was too vague and warned that the Commission president was “overpromising and won’t be able to deliver.”

Deeper economic integration could also face longstanding trade obstacles. Mark Manger, a professor of political economy and global affairs at the University of Toronto, told Reuters that EU officials have been frustrated by Canada’s protection of its telecommunications and dairy sectors — issues that could complicate efforts to further deepen economic ties.

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It will ultimately be up to EU member states whether the proposal moves forward.

Reuters contributed to this report. 

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Visiting Israel transformed the course of Raihaana Adira’s life. Six weeks later, after Hamas’ October 7 attack, she returned to McGill University and watched classmates glorify Hamas. As a Canadian Muslim, she refused to stay silent. Instead, she built a platform dedicated to replacing misinformation with education (@raihaana.adira).

Her work revolves around honest conversations about Zionism, Islam, and current events, offering a perspective rarely heard: That a Muslim can proudly support the Jewish people’s right to self-determination while advocating for dialogue and coexistence.

Adira’s advocacy has expanded beyond social media to national media, including a published article in the National Post documenting the realities of defending Israel on campus. As someone who is not Israeli or Jewish, she hopes to demonstrate that standing against antisemitism and standing with Israel are not matters of identity, but of principle. Her mission is to ensure that the truth and the victims of October 7 are never forgotten.

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Steven Phillips founded JewishERGs to ensure that Jewish professionals can show up at work as loud, proud, and visible Jews and Zionists. Across companies and countries, the organization supports the leaders who build and support Jewish employee resource groups that create community, strengthen identity, and make space for open connection to Israel.

The work focuses on turning isolation into community and confidence. Through training on antisemitism, Jewish identity, and Zionism, Phillips equips people with the tools to speak clearly and stand firmly in environments that are often challenging. He has seen first-hand how this transforms individuals into leaders. His vision is not just Zionism through advocacy, but by embedding proud Zionist identity into everyday professional life. The result is a growing global network of Zionists who are visible, supported, and shaping the cultures around them to understand the true and real meaning of what it means to be a Zionist.

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Taryn Thomas was once a pro-Palestinian activist at Stanford University, participating from inside the campus encampments. Then, after confronting the arguments and assumptions underpinning her activism, she publicly changed her position – on the record and at the cost of many friendships. Thomas does not seek to win arguments; she explains how they are lost, beginning with her own journey. Her purpose is not simply to be right, but to get it right.

Today, as a Geller Fellow, Thomas works internationally as a speaker and media contributor and serves as an ambassador for the Nova Music Festival Exhibition. She has spoken at universities, public forums, and Israel’s 2026 International Conference on Combating Antisemitism, while reaching millions through digital storytelling featured by outlets including The Free Press and The Jerusalem Post. As an African-American Gen Z student, Thomas is working to make Black-Jewish solidarity relevant to a new generation – not as nostalgia for what once was, but as a vision for what can be again.

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Before she is anything else, Tanya Tsikanovsky is a Jew. Everything she does starts there. She’s an openly lesbian Zionist in a sea of Queers for Palestine because she knows when we say the Shema, we say it to Israel. Tsikanovsky uses her platform to increase Jewish pride, to make “Zionist” a word we are proud to say out loud, and to remind Americans that patriotism isn’t something to apologize for.

She’s a speaker, director of development at Think Again, senior advisor to the Combat Antisemitism Movement, and a candidate for West Hollywood City Council. Her parents came to the US as Jewish refugees because America gave them a chance and the Jewish community gave them a future. She owes both a debt she intends to repay with her life’s work.

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Emily Austin has built a career at the intersection of media, sports, entrepreneurship, and advocacy. As a television host and sports broadcaster, she has interviewed presidents, world leaders, championship athletes, and influential voices – reaching millions across television and digital platforms. She is also the CEO of People’s Beauty, a clean beauty company, and the author of an upcoming HarperCollins book exploring Gen Z, technology, and ideological extremism.

Beyond her professional work, Austin has used her platform to be a leading pro-Israel voice, promote civic engagement, support military families, and advocate for animal welfare. Whether she is covering the world’s biggest sporting events, building businesses, or tackling difficult conversations, her goal is to inform, inspire, and encourage people to think critically, lead with conviction, and make a meaningful impact.

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A special evening of music, inspiration and reflection will take place in Jerusalem on Wednesday, September 16, as IsraelProperty.com and Israel Canada host a Selichot concert on the rooftop of the historic former Shaare Zedek Hospital at 161 Jaffa Street.

The evening will also be streamed live on Jpost.com allowing audiences in Israel and around the world to experience the atmosphere of Jerusalem during one of the most meaningful periods of the Jewish calendar.

Selichot Concert and Inspiration event - 16 September 2026 (credit: Tenne Teem )

Taking place during the Ten Days of Repentance between Rosh Hashanah and Yom Kippur, the event will bring together live music, thoughtful conversation and panoramic views across Jerusalem. Guests attending the rooftop gathering will also enjoy wine and cheese as the city enters the reflective days leading towards Yom Kippur.

The program will feature a live Selichot concert by the Solomon Brothers with IDF combat veteran Yoni Friedman.

Einav Gefen of Israel Canada will offer guests an introduction to Midtown Jerusalem and the vision for the development surrounding the historic site.

The setting is itself an important part of the evening.

The former Shaare Zedek Hospital opened on Jaffa Street in 1902 and became one of Jerusalem’s best-known landmarks. Today, the preserved building forms the historic heart of the Midtown Jerusalem development — creating a striking meeting point between more than a century of Jerusalem history and the continuing evolution of the city.

“Jerusalem has a unique atmosphere during the days between Rosh Hashanah and Yom Kippur,” said Maxim Cohen, Co-Founder of IsraelProperty.com.

“We want this evening to create a genuine moment of connection through music, meaningful words and the city itself. Standing on this rooftop, Jerusalem’s history is beneath us and its future is visible around us.”

IsraelProperty.com was founded by Maxim Cohen and Yonatan Hamburger with the aim of bringing a clearer, more connected and more transparent approach to the Israeli property journey, particularly for Anglos, Olim and international buyers.

Rather than focusing solely on property listings, IsraelProperty.com is being developed as a PropTech ecosystem connecting property search with professionals, mortgage and finance support, legal coordination, progress tracking and the practical stages involved in buying, renting, investing or relocating to Israel.

For Cohen and Hamburger, the Selichot evening reflects that wider idea of connection — connecting people not only with property, but with Jerusalem, its communities and the story behind the places in which they may ultimately choose to live.

The live stream on Jpost.com will feature the rooftop setting, speakers, musical performance and the story of the historic building and Midtown Jerusalem.

Attendance at the physical event is limited and advance registration is essential. Those unable to attend in Jerusalem will be able to watch the evening live on Jpost.com Register for the live stream at israelproperty.com/selichot-live.

More information about IsraelProperty.com and its approach to buying, renting and investing in Israel can be found at IsraelProperty.com.

This article was written in collaboration with IsraelProperty.com.

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Opposition leader Yair Lapid called on Prime Minister Benjamin Netanyahu on Wednesday to convene the Knesset committee overseeing the defense budget and immediately approve NIS 11 billion for urgent IDF procurement, arguing that the move could be carried out without breaching the state budget or raising taxes.

Lapid’s proposal would allow funds to be transferred to the IDF without reopening the state budget. The opposition leader had previously conditioned his support for the transfer on canceling coalition funds allocated to haredi (ultra-Orthodox) draft evasion, and he argued that Netanyahu’s earlier proposal would increase taxes.

“I am once again calling on Prime Minister Netanyahu: We have a legal way to resolve the issue of the IDF’s immediate stockpiles without breaking the budget framework and raising taxes,” Lapid said.

“Let’s convene the joint committee on the defense budget and immediately transfer NIS 11 billion that has been waiting for many months for urgent defense procurement,” he continued.

Lapid’s statements came after he and Netanyahu held a security briefing on Monday, during which Lapid said the prime minister requested that the state budget be reopened to allocate additional funds to the defense establishment.

The opposition leader said he would not support the proposal if it meant raising taxes and, instead, conditioned his support for the prime minister’s proposal on canceling coalition funds being transferred “to finance haredi (ultra-Orthodox) draft evasion.”

Yair Lapid walks next then-opposition leader Benjamin Netanyahu at the Knesset, November 8, 2021 (credit: OLIVIER FITOUSSI/FLASH90)

Lapid had noted that, in general, he supported transferring the funds to increase the defense establishment’s budget “because the IDF needs to be strengthened.”

Adjustments can be made to the state budget if they receive the required Knesset approval.

The Knesset is currently on summer recess ahead of the October elections, but the plenum can still convene under certain circumstances. As a result, opposition support would be significant for advancing Netanyahu’s proposal.

Netanyahu’s ruling Likud party stated after the Monday meeting that Lapid was “misleading the public about the defense budget.”

Increasing defense budget without raising taxes

The party argued that it could increase the defense budget without raising taxes.

Defense Minister Israel Katz later said Lapid should support additional funding for the IDF, arguing that the “economic situation is good” and that the necessary funds were available but required formal legislation in the Knesset. He stated the request was not connected to any tax increases or other budgetary items.

The 2026 state budget that was approved in March included an expenditure cap of about NIS 699 billion.

The Defense Ministry’s budget was set at nearly NIS 142b. Because of the war, the sum was said to have increased by about NIS 32b.

The 2026 state budget also included nearly NIS 6b in coalition funds, with hundreds of millions of shekels directed to haredi institutions as part of the proposal.

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Front-runner Gadi Eisenkot is drawing support precisely because he is “everything Netanyahu isn’t,” Jerusalem Post editor-in-chief Zvika Klein said in an election discussion with host Jacob Laznik. 

Klein described Eisenkot’s disciplined, low-noise operation as a “Swiss watch” that rolls out respected recruits at a steady pace and grants few interviews, contrasting it with what he called the “reaction politics” of Naftali Bennett.

The pair opened on the foreign sanctions targeting Israeli figures, which Laznik dismissed as “stupid” and poorly thought through, even as he noted the governments behind them track Israeli coalition politics closely.

From there, they turned to a right-wing camp Laznik called “in shambles,” citing the failure of Ben-Gvir and Smotrich to run together despite Netanyahu’s push and the mergers that never came together. Klein said Likud’s candidate list was assembled “last second” and became “a mess,” with the fight over reserved slots landing in the party’s internal court and nearly splitting its base. Both flagged puzzling placements: a former hostage and a Channel 14 television host in high, coveted slots while a serious defense figure was buried at number 35.

Where they diverged most was on what the election is actually about. Laznik rejected the idea of an “exciting list,” insisting the vote should turn on a bare-minimum agenda the country needs “yesterday,” a state commission of inquiry into October 7, a haredi draft law, and honest budgets: items he called “non-negotiable.” Klein pushed instead for a cross-partisan government, and the two weighed whether any coalition could rely on the Arab parties, the case for term limits, and how any incoming leader would inherit simultaneous pressure from Iran, Gaza, Lebanon, Syria, and Turkey. 

Klein closed with three priorities regardless of who wins: resolving the draft through financial pressure rather than force, governing as “everyone’s prime minister,” and overhauling Israel’s diplomacy at “Ariel Sharon magnitude.” 

Full discussion, including a tease of upcoming interviews with “big names,” in the video.

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Former Kosovo president Hashim Thaci was found guilty of war crimes, including murder, torture, and illegal detention, by the Kosovo war crimes tribunal in The Hague on Wednesday.

Thaci, 58, was sentenced to 25 years in prison for crimes committed as top commander of the ethnic Albanian Kosovo Liberation Army (KLA) during the territory’s violent break from Serbia in the 1990s.

The tribunal said he was guilty of the murder of 96 political opponents and perceived collaborators with Serbian security forces by Kosovo Liberation Army forces during the conflict.

He was also convicted for the arbitrary illegal detention of 385 people, torture of 303 people and cruel treatment of around 50.

The court said Thaci had “actively participated in and encouraged crimes.”

A van drives past a banner depicting former Kosovo's President Hashim Thaci and former parliament speaker Kadri Veseli, both former leaders of the Kosovo Liberation Army (KLA), in Mitrovica, Kosovo, September 15, 2026. (credit: REUTERS/Valdrin Xhemaj)

“The scale and nature of the crimes committed were very serious,” presiding judge Charles Smith said.

“The so-called intelligence on which many of these victims were arrested, detained and killed was little more than unverified rumors. Based on that information, victims were called and described as spies and collaborators and violently treated.”

Thaci, who stood in silence as the judge read out the conviction and the sentence, had denied all charges.

He can appeal the verdict.

Supporters gather in Pristina, The Hague

The ruling was closely watched in Kosovo and Serbia, where the legacy of the 1998-99 conflict and Kosovo’s 2008 declaration of independence remain a source of tension between ethnic Kosovo Albanians and Serbs.

Thaci remains a revered figure for many Kosovo Albanians, while the tribunal itself is deeply unpopular in Kosovo.

In Pristina, Kosovo’s capital, thousands of people watching the verdict on a big screen booed the verdict and chanted “Thaci, Thaci” as some burst into tears.

One billboard showed the faces of the defendants and read: “In the name of the people, you are declared innocent”

“This verdict is shameful. From today, there will be no peace in Kosovo,” said Raif Pllana, a former KLA fighter who came out in support of Thaci in central Pristina.

Police said preparations had been made with foreign peacekeeping forces in case protests turned violent. The United States advised citizens to avoid crowds.

Albania’s Prime Minister criticized the verdict with a picture posted on social media of a circle of barbed wire across a map of Europe and one word: “Unbelievable”

Prosecutors demanded 45-year sentence for Bosnian war criminal

Prosecutors had sought a 45-year sentence against Thaci and three other former top commanders of the KLA.

But the three-judge panel dismissed six charges of crimes against humanity. They said prosecutors had failed to show these happened as part of widespread or systematic attacks against the civilian population as a whole.

However, they ruled that Thaci and his co-accused were part of a joint criminal enterprise, with a common plan to take control of Kosovo politics following its independence by targeting political opponents.

Lawyers for Thaci had argued that the accusations were unfounded and amounted to an attempt to rewrite history. They said there was no evidence to directly link Thaci to any of the alleged crimes or to conclude that he controlled other KLA commanders.

The Hague-based Kosovo Specialist Chambers was established in 2015 under international pressure to try former KLA fighters for alleged wartime and post-war crimes.

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The High Court of Justice dismissed a Shas petition on Wednesday seeking to revive a state-funded conference in memory of Rabbi Ovadia Yosef, after the Religious Services Ministry said it could no longer hold the event as planned.

The ruling leaves the central dispute unresolved: whether the government could have paid for the conference weeks before the October 27 election without giving Shas, the party Yosef founded, an electoral advantage. The judges did not decide whether Attorney-General Gali Baharav-Miara was right to require its postponement.

The three-day event had been planned for October 6-8 at Jerusalem’s International Convention Center. On Monday, ministry director-general Yehuda Avidan informed the Jerusalem Municipality that it was canceled. He cited the attorney-general’s position, the time needed to produce the event, and the continuing court proceedings.

During the Wednesday hearing, the judges told the parties that a petition over whether the planned conference could proceed had become theoretical once the ministry said it could no longer take place. Avidan asked the court to direct the ministry to hold it despite the attorney-general’s position, but the judges declined.

Annual commemoration falls less than two weeks before 2026 election

A 2025 law requires the Religious Services Ministry to hold a conference examining Yosef’s life and work on the annual day commemorating him or near it. That day falls on October 14 this year, less than two weeks before the election. Shas argued that moving the conference until after the vote would break the link to the date specified by law.

A meeting of the Shas Party Council of Torah Sages in Jerusalem on July 16, 2025.  (credit: FLASH90)

The ministry had proposed holding the conference earlier in October, with no party symbols or political speeches. Its legal adviser concluded that those restrictions would allow it to go ahead during the election campaign.

The proposed program extended beyond lectures. Documents accompanying Shas’s petition describe an interactive exhibition, a quiz on Yosef’s religious rulings, a reconstructed gathering featuring recordings of him, a virtual-reality film and musical performances. The ministry presented these as ways to teach visitors about his religious legacy.

Scale and timing of the government-funded event still posed a risk, AG said

The attorney-general’s office argued that the scale and timing of the government-funded event still posed a risk of election campaigning, particularly because Yosef’s image and legacy feature in Shas’s campaign. It said the conference should be held after the election. Its position did not prevent memorial services and other official ceremonies from taking place on schedule, or privately funded events from being held before the vote.

Shas disputed the suggestion that Yosef’s connection to the party made an event commemorating him into election propaganda. It argued that the restrictions proposed by the ministry would address any risk of political use without postponing an event required by law.

A community association that joined the proceedings took the opposite view. It argued that the planned program resembled a large public celebration more than the conference required by the law, and that government resources should not be used for an event so closely associated with a party during an election campaign. 

The ministry’s legal duty to hold a conference remains. It has said it could discuss an alternative event with the municipality, but it has not yet announced a replacement date.

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Belarus has agreed to free 25 prisoners in return for a further easing of US sanctions, an envoy for US President Donald Trump said on Wednesday.

The deal was part of lengthy negotiations in which Washington is urging Belarusian President Alexander Lukashenko to free hundreds of people, including human rights campaigners, political activists, journalists and lawyers, in exchange for sanctions relief and an easing of his international isolation.

Trump’s envoy, John Coale, told reporters in the Belarusian capital Minsk: “We agreed to an interim deal, and as a show of goodwill Belarus will release 25 people and in exchange the United States will lift sanctions on two companies.”

The figure of 25 was much lower than the 250 that Coale persuaded Lukashenko to release when he last visited Minsk in March.

The American said both sides would work to resolve outstanding issues to pave the way for another prisoner release and the removal of further sanctions.

Belarusian President Alexander Lukashenko attends a meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State in Bishkek, Kyrgyzstan September 1, 2026. (credit: Sputnik/Vyacheslav Prokofyev/Pool via Reuters)

“We will continue to improve US-Belarus relations and are working to secure the release of more people in the very near future. We are not finished!” he posted later on X/Twitter.

Belarusian human rights group Viasna said a new round of prisoner pardons had started, and relatives of some detainees had been told they could collect their loved ones from penal colonies on Wednesday morning.

Belarus’s Lukashenko denies replacing some prisoners with others

Viasna, which is banned in Belarus, says the former Soviet state still holds more than 900 political prisoners, even after Coale negotiated the release of hundreds since the middle of last year.

Among the most frequent charges against them are “extremist” activity, conspiring to seize power, incitement to hatred, or insulting the president.

At Tuesday’s talks with Coale, Lukashenko denied the people in question were political prisoners and rejected assertions by rights groups and the exiled opposition that he is steadily arresting more people to replace those he releases.

The two companies to be removed from US sanctions are Lakokraska, a manufacturer of paints and industrial coatings, and Bellesbumprom, a state-owned industrial concern that oversees the forestry, pulp and paper sectors. Sanctions against them had been in place since 2008 and 2023, respectively.

Coale also promised Lukashenko on Tuesday to get US banks to hand back tens of millions of dollars in frozen Belarusian assets.

Coale’s efforts since last year have led to the release, among many others, of Nobel Peace Prize winner Ales Bialiatski and leading opposition figures. His diplomacy has earned gratitude from many Belarusians, while also raising concerns.

“We should use every opportunity to save lives. But we should not confuse releases with political change. Repression continues, and Lukashenko continues supporting Russia’s war (in Ukraine),” exiled opposition leader Sviatlana Tsikhanouskaya said in comments to Reuters on Tuesday.

“The purpose should be to empty the prisons, not to rehabilitate the dictatorship.”

This post was originally published on here. 

Four years after Mahsa Amini was murdered by the Islamic Republic, sparking Iran’s ‘Woman, Life, Freedom’ protests, survivors of the 2022 uprising spoke to The Jerusalem Post about the young Kurdish woman’s enduring memory, what they witnessed during the crackdown and how the events changed their lives.

Amini, a 22-year-old Kurdish-Iranian woman from Sanandaj in western Iran, was arrested by Tehran’s morality police on September 13, 2022, for allegedly wearing her hijab improperly. She collapsed at the Vozara Detention Center shortly afterward and fell into a coma. She died three days later, on September 16.

Iran’s Police Information Center claimed that Amini suffered a cardiac seizure while in custody. However, a UN human rights expert later said evidence indicated that Amini died “as a result of beatings,” while the UN Fact-Finding Mission on Iran said it had “established the existence of evidence of trauma to Ms Amini’s body, inflicted while in the custody of the morality police,” which it said had demonstrated clear “patterns of violence.”

Outraged by Amini’s death, protesters took to the streets in at least 134 cities and towns and 132 universities across 26 of Iran’s 31 provinces. The Islamic Republic brutally suppressed the ‘Woman, Life, Freedom’ protests, firing live ammunition into crowds and forcibly disappearing thousands of people. At least 49 women and 68 children were killed in the streets, according to UN figures.

Iranian regime’s security forces confirmed to have killed 551 people during protests after Amini’s death

Yasser Fattahi’s father, Jowhar Fattahi, was among the 551 Iranians confirmed to have been killed by the regime’s security forces.

Jowhar Fattari's grave. (credit: Courtesy)

Fattahi told the Post that on November 21, 2022, his 60-year-old father, Jowhar, decided to join a march in their hometown of Javanrud, in the Kermanshah Province, after two members of their extended family from the town, Bahaeddin Vaisi and Erfan Kakayi, were killed by security forces.

Jowhar was among several people from the town who stayed up through the night, guarding the bodies so that the regime could not “hold them hostage.”  He joined an estimated 30,000 people from the community in laying the men to rest before marching in their memory.

Jowhar Fattari. (credit: Courtesy)

Though Jowhar lacked formal higher education, Fattahi said his father was a principled, compassionate man.

“He always used to say at home, ‘Neither oppress anyone nor allow anyone to oppress you.’ He emphasized the first part more, not being an oppressor ourselves,” Fattahi recounted. “He was not a violent or extremist person at all. He also always spoke about the injustices that the Iranian government had inflicted on everyone, and especially on the Kurdish people. He wished for a change of government, so that ordinary people would no longer have to bear the cost of living under a cruel and authoritarian regime.”

Fattahi, a nurse, was seeing to the injured protesters in Sanandaj when the Islamic Revolutionary Guard Corps opened fire on the crowds in his hometown. A family friend marching alongside Fattahi’s father would later inform him that Jowhar stopped to help a young woman who had been shot and wasn’t moving. Refusing to be directed away from the woman by the IRGC, the security forces shot him in the femoral region of his left leg.

“In those days, people preferred to die rather than go to the hospital, because they knew that, either way, they would be taken from the hospital by the IRGC and held hostage, and ultimately they would be killed,” Fattahi said, explaining how he was stuck treating protesters in secret as his father lay at home begging those around him not to transport him to hospital.

Jowhar Fattari died of his wounds after losing consciousness due to  IRGC violence

After he lost consciousness, Jowhar was taken to hospital, where he died of his wounds. Having witnessed the security forces abducting the bodies of those killed, the friends who took Jowhar for medical attention snuck his body out of the institute and buried him far from the city’s main cemetery.

Tens of thousands have been killed in the years that followed Jowhar’s death as the Islamic Republic continues to suppress dissent. Still, Fattahi said, Amini’s name has come to represent a call for freedom and the sacrifices made in hopes of achieving it.

“‘Woman, Life, Freedom’ is not merely a slogan. It is far more complex, and at the same time, it is the simplest demand one could possibly make,” he said, speaking on the oppression faced by women, “especially in Iran, is beyond words.”

Describing the situation of women as “tragic,” he said, “women are the ones who nurture and raise us, and without their freedom, we cannot expect free human beings to exist. So why should they be subjected to violence or killed because of these policies?”

The Woman, Life, Freedom movement gave women “living under repression and suffocation” an “opportunity to say ‘no’ to a fascist system that treated” them as “slaves” and “inferior to men,” he continued. “One reason the name of Jina Amini and the Woman, Life, Freedom revolution has endured is that this revolution should not be reduced to the issue of the hijab. Women’s problems are not limited to the hijab.”

“Freedom does not simply mean having the freedom to choose whether or not to wear a hijab,” he concluded. “This is the most basic of women’s rights.”

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Israel Aerospace Industries (IAI) has introduced a new tactical vehicle for Germany’s special forces, marking the first public appearance of the TAHR, a platform built on IAI’s ELTA ZD chassis and produced by Flensburg Technology Systems (FTS). 

The first pre-series vehicle was unveiled ahead of schedule at the annual conference of the German Special Forces Command, the Kommando Spezialkräfte  (KSK), in Altensteig‑Wart on Tuesday.

The TAHR is based on the Israeli ZD platform developed by IAI ELTA, which has been battle-proven by Israeli special forces. FFTS, a joint venture between IAI’s ELTA division and German defense contractor FFG, developed and manufactures the vehicle in Germany. 

Designed as a light, air‑transportable platform, the TAHR incorporates operational modifications requested by the KSK, including an open architecture for integrating weapons and sensors and a layout intended to improve situational awareness. Its compact dimensions also enable two TAHRs to be transported inside CH‑47 Chinook helicopters, with crews able to achieve combat readiness shortly after landing, a core requirement for airborne special operations. 

IAI's TAHR for the German Special Forces (credit: Flensburg Technology Systems (FTS))

The TAHR will be delivered to the KSK in two variants, a combat configuration and a support model. Both are based on an existing all‑terrain platform already in service. FTS adapted the design to meet the KSK’s mission-specific requirements, which rely heavily on rapid deployment and mobility in demanding environments.

“The KSK’s mission is to conduct special forces operations worldwide and under all conditions successfully. To do this, the KSK requires not only high mobility but also a variety of suitable modes of transport depending on the situation, mission, and terrain,” said KSK commander, Brig.-Gen. Andreas Kühne.

“With the TAHR, we are getting an operational and combat vehicle that is air-droppable and ready for deployment in any terrain. Together, we have succeeded in advancing this important armament project for the KSK in such a way that the first pre-series vehicle can be presented within just one year,” he added.

FTS signed a framework agreement in October 2025 with the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support, the German Army’s procurement authority, to supply up to 200 vehicles.

IAI’s leadership described the rollout as a milestone in the company’s cooperation with Germany. 

“IAI views Germany as a strategic partner in developing joint defense capabilities over the long term. Our cooperation spans multiple domains, from air and maritime to land, and is grounded in the combination of technology, expertise, and industrial capabilities on both sides. We are committed to further deepening this cooperation and jointly developing solutions to address the evolving security challenges of the years ahead,” IAI CEO Guy Barlev said.

ELTA CEO Dror Bar noted that delivering the first vehicle ahead of schedule showed the effectiveness of the industrial collaboration and the ability to tailor proven Israeli platforms to German operational needs.

“We are proud to present the first TAHR vehicle ahead of schedule. This achievement reflects the strength of our industrial cooperation with our German partners and our ability to deliver advanced, proven platforms tailored precisely to the customer’s operational needs,” he said.

Europe has increasingly turned to Israeli defense technology over the past decade, especially after Russia invaded Ukraine and the growing demand for rapid, combat‑proven systems. 

This post was originally published on here. 

Several US senators, including Sen. Chris Van Hollen (D-Maryland), Sen. Tim Kaine (D-Virginia), and Sen. Bernie Sanders (I-Vermont), introduced a resolution on Monday requiring the State Department to report to Congress on the “pattern of violence” in the West Bank, including the killings of nine US citizens since 2022. 

The resolution, if passed, would require the State Department to issue non-classified statements addressing investigations of the killing of United States citizens by the IDF, Border Police, or Israeli civilians in the West Bank, as well as an assessment of the human rights status of the Palestinians in the West Bank.

Senators also specifically requested that the State Department assess the conditions surrounding the detention of Palestinian children.

The Senate Foreign Relations Committee has ten days to consider the resolution and determine whether or not it passes. Should it pass the committee, the Trump Administration will be required to submit the requested report within 30 days or else the majority of military aid to Israel will be halted. 

‘The United States cannot keep bankrolling this violence’

“Every day, Palestinians in the West Bank experience horrific violence at the hands of Israeli settlers and security forces,” Sanders said in a statement regarding the resolution. “For years, the Israeli government has offered impunity instead of accountability. Enough is enough. The United States cannot keep bankrolling this violence and looking the other way — it’s time to end our complicity, once and for all.”

Palestinian children play volleyball on a makeshift court amid rubble in the Al-Nasr neighborhood of northwest Gaza City, Gaza Strip, on September 15, 2026. They built the court among destroyed homes, using rubble from houses demolished by Israeli airstrikes.  (credit: Mohammed Abosalama / Middle East Images / AFP via Getty Images)

“This Administration has said ensuring the safety and security of American citizens abroad is one of its highest priorities. And yet, as we’ve seen violence rise in the West Bank, American citizens have been killed time and again, and they have received no justice and no accountability,” noted Van Hollen. 

“The violence committed by Israeli settlers in the West Bank is reaching an unprecedented level,” added Kaine. “As a result,, and as a result more and more Americans and Palestinians are being killed and injured. These actions – and the Israeli government’s lack of response to this violence – are unacceptable and threaten the long-term safety and security of the entire region.”

This post was originally published on here. 

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The first instinct of any school meeting a new technology is often to block it. Calculators, phones, YouTube, and now AI. It isn’t necessarily a poor instinct. When you’re responsible for other people’s children, and something arrives that nobody yet understands, a block buys time.

I saw this first hand when I visited Hamilton County, Tennessee; a district that takes STEM seriously, and had invited me out to observe its computer science and maker program. I tried to access ChatGPT on the school wifi, but quickly realized it was blocked. The fix was easy: I simply used the mobile data on my phone to access it instead. Every student in that building would have done the same. This is not a district that’s behind or an outlier. It is doing what the majority of over 13,000 school districts in this country have defaulted to.

It reminded me of a story an English teacher told me, about her efforts to stop her class using AI for homework. While marking her students’ assignments, she noticed about a quarter of the essays she was reading looked remarkably similar. She sent an email: ‘If you used AI, please let me know.’ A hundred per cent of the students responded admitting that they had.  Her policy hadn’t succeeded at anything, other than to show her that children aren’t hiding AI from us. Instead, we are hiding from AI, which is costing us the one conversation that would help them.

I’ve been to school districts across the US over the last three years, and I realized I was seeing repeats of this same story: a blanket block failing to stop the use of a technology that has run rampant, and instead only succeeding in moving it out of sight from the adults who should be supervising it. More than a third of entry-level jobs require AI skills, according to Nace’s 2026 Job Outlook Survey. Ultimately, every district that blocks AI is now making a decision about who gets hired in 2030, and simultaneously pretending it isn’t a decision at all.

AI needs to be built with children in mind

The majority of conversations around AI in education usually focus on whether kids might use AI to cheat in an essay. But the stakes are far higher than that: AI is shaping how we all think, and for children in their formative years, it’s shaping how they learn, socialize, and make decisions. The problem is that almost none of the development driving these systems is treating children’s safety as a priority, nor are they building it in a way that allows kids to learn and use it productively. It would seem, therefore, that we’re running a social experiment on millions of kids without knowing the long-term effect.

The people who study young minds are split. In an NBC survey of the American Psychiatric Association and American Counseling Association, 86% of psychiatrists agreed that AI use among teens would inhibit brain development, replacing human interaction with lower-quality synthetic socialisation. However, 64% agreed that children would learn effectively from AI platforms that tailor lessons in a way that those teaching a class of thirty rarely can. Both can be true, but which outcome we get depends on the tools our children can access, and whether anyone is teaching them to use AI productively. 

The case for restriction might be strong for social media, but it is weak for AI. Feeds hold a child’s attention, but there is no real reason for a child to be fluent in it. Meanwhile, AI packages its harm and skill in the same product. When we impose blocks that are easily surpassed by VPNs or a Wi-Fi switch, we let AI developers off the hook for children’s safety, and schools to step back from the conversation entirely. Out of sight, out of mind. But this isn’t a sustainable plan. 

Schools are struggling to keep up

Today, four out of five students are using AI for schoolwork, according to Stanford’s AI Index. Despite this, only 6% of teachers say their school’s AI policy is clear, and even then, few school districts have worked out a plan for making the transition from a teacher using AI for themselves to using it with thirty or so students. 

When you consider the pace of AI’s acceleration, it’s difficult to point fingers. Within two years of ChatGPT’s release, roughly 40% of US adults had tried it; the PC took twelve years. In the years since AI has been developing, global K-12 edtech funding fell by 82%. Schools were asked to absorb the fastest technology shift in modern history with less support than ever. So, school districts are carrying the liability on their own backs: one superintendent I spoke with recently told me his policy is simple – ‘if it didn’t come from us, it’s on you’. A fairly understandable way to manage risk, but ultimately a terrible way to manage a technology moving so fast, as it leaves the teacher the least resourced to act.

Meanwhile, the gap is widening

Handle it well, and AI could be the greatest equalizer education has ever had. Handle it badly, and we will watch it deepen every single divide we already have. Over 85% of school administrators consider AI education valuable, according to the College Board. Yet, 45% are reporting that access is restricted within their classrooms. The kids who belong to school districts where the only AI policy is no AI will one day be competing for the same entry-level jobs as others who have become literate during their same school years.

During my classroom visits across the country, I see both sides of the coin day-to-day. In some districts, the only AI you see is in an English department’s detection software designed to catch students cheating. In a district right next door, I’ve seen leaders run AI summits for educators, administrators, and AI innovators to learn first-hand how to use and develop frontier technologies so they can best benefit their students. Two districts can be so close in geography and yet headed in completely opposite trajectories. Schools trying to keep AI out of the building think they’re protecting their kids, when in reality, these kids are being left behind.

An example of what can happen when kids are taught to use AI responsibly comes in the form of a 14-year-old boy in Texas. To create greater access to diagnoses in his community, he built an AI app that screens for heart disease in seconds. That’s what’s possible when a child is taught to build with AI instead of just passively consuming it. 

There is no time to waste

Somewhere in a small town in Tennessee, a student is sneaking AI under the desk in a classroom where it’s ‘blocked’. They will use it unsupervised, they’ll try to hide it for fear of getting into trouble, and in the end, all it will have been used for is cutting corners in their assignments. 

In my view, we can make a change before students are put at a disadvantage. We need classrooms to be AI-native and provide access to tools that are safe, so students don’t default back to unregulated tools. For this, we need to redesign AI to emphasize education around critical thinking, complex building and ultimately, protecting human agency. The goal has never been for AI to think for a child, but for the child to think better.

Right now, our schools are not ready, and our teachers are not ready, and there is no plan in place to change that. But this generation doesn’t have the time to wait for them.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

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Good morning. I did not expect to return from the Yale CEO Caucus in Washington yesterday feeling more hopeful than when I arrived. After all, this is day 200 of the Iran War, which has killed thousands, exposed security gaps, cost U.S. taxpayers at least $42 billion, and sparked global protests amid rising fuel costs. There’s concern about the economy, the markets, jobs, climate, compute, and the state of the union, not to mention OpenAI’s Sam Altman and Anthropic’s Dario Amodei pondering whether their products will kill us.

Where’s the hope in that? While the semiannual gathering of CEOs, policymakers, journalists and scholars hosted by Professor Jeffrey Sonnenfeld, founder of the Yale Chief Executive Leadership Institute, is off the record, I can share some polling data and feedback from private conversations. Here’s what stuck with me:

A shared desire for common ground and rule of law. I didn’t meet anyone, left or right, who disagreed with the Supreme Court decision to reject President Trump’s plan to make it harder to vote by mail. There were standing ovations for former Vice President Mike Pence, who was honored with the Yale Patriot Public Service Award for Executive Leadership, and former House Speaker Nancy Pelosi, who received the first Yale Patriot Public Service Award for Legislative Leadership. What unites them isn’t their politics but their commitment to the Constitution, public service, integrity and something bigger than themselves. It was a good reminder of the stakes that the nation might face this January if the current administration refuses to recognize the results of the midterm election.

A shared celebration of the importance of human leadership. That’s not always clear from the rhetoric, especially among tech leaders who love to vilify managers as useless layers of bureaucracy in an era of always-on agents, somehow forgetting the value of a good boss. While AI might eliminate redundant roles, it doesn’t diminish the value of a great manager any more than it reduces the value of a great teacher. What drove that home for me was the praise for Corning CEO Wendell Weeks, who was honored with the Yale Legend in Leadership Award. It’s clear from those comments and my podcast conversation with Weeks that the most important factor in making him one of the most transformative leaders in Corning’s 175-year history isn’t his technical prowess but his ability to inspire excellence, loyalty, and respect.

A shift in the conversation around AI. There’s an interest in addressing fears about the technology: 88% of respondents in a flash poll said Trump should address AI safety with Chinese leader Xi Jinping when they meet next week; 74% think he’ll do it. And 93% of attendees disagreed with Trump’s Truth Social post that AI warnings are a hoax. The fears of rogue agents know no boundaries. If the U.S. and China can find some common ground around safety and regulation, we could all be better off.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

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Welcome to this week’s Fortune Gulf Brief. We’ll be covering:  

As I reported last week, the Middle East and North Africa region’s gender funding gap remains stark, with male-founded startups accounting for more than 96% of the $375 million in capital that was deployed in August.  

Female-founded startups secured just $8.5 million with a total of two transactions.  

It made for puzzling reading, given that the region’s startup ecosystem, particularly in the Gulf, is thriving, with more women choosing to launch their own businesses. 

Abu Dhabi alone recorded 3,058 new business licenses issued to Emirati women in the first half of 2026, highlighting the growing role of women entrepreneurs in the emirate’s economy.  

So, I decided to dive deeper into the topic to gain clarity on why the disparity persists and spoke to several key players in the ecosystem to help me do so.  

What quickly became apparent was the underrepresentation of women allocating capital.  

“Gulf investor networks are still very male-dominated, especially at decision-making levels,” Lucy Chow, who serves as secretary general in the UAE office of the World Business Angels Investment Forum, told me.  

“That matters—because deal flow follows networks.” 

That’s not to say that progress isn’t being made on the ground.  

In May last year, Aliph Capital, the Gulf’s first women-founded private equity firm, closed its debut fund at $200 million. Aliph Fund I will invest $15 million–$40 million in Gulf-based companies across high-growth sectors, providing capital to drive scale and operational efficiency. 

In recent years, both the UAE and Saudi Arabia have been particularly proactive in making capital more accessible. 

The Women in Tech Accelerator, orchestrated globally by Standard Chartered and executed regionally via partners such as the UAE’s Village Capital and Saudi Arabia’s Falak Holding, has often served as the primary financial lifeline for early-stage female-led tech startups. 

Last week, Standard Chartered and Falak Holding awarded three Saudi women-led start-ups equity-free grant funding totaling $45,000 at Demo Day in Riyadh. 

On 28-29 September, Riyadh will host the Women Shaping Wealth Summit 2026, bringing together an influential community of investors, founders, business leaders, policymakers, and innovators. 

Alongside its main-stage discussions, the summit will host a Live Demo Day connecting female founders with investors, dedicated startup and founder showcases, curated speed networking, mentorship and peer sessions, and structured opportunities for investors, entrepreneurs and leaders to forge meaningful connections. 

You can read my full article here.

Melissa Hancock

As ever, thanks for reading, and do keep in touch with your thoughts and ideas.
melissa.hancock@fortune.com 

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The Middle East and North Africa (MENA) region’s startup ecosystem has become increasingly vibrant in recent years and boasts a string of unicorns and innovative businesses.  

But despite the progress that has been made, female founders remain woefully underrepresented in accessing capital.

MENA’s startup ecosystem attracted $1.7 billion in VC funding across 242 rounds in the first half of 2026, according to tech accelerator Wamda. 

However, female-founded startups secured only $2.5 million or 0.14% of this funding total, compared with$1.6 billion raised by male-founded startups across 213 deals.

This funding disparity is far from a one-off.

Aggregate data compiled by Wamda shows that mixed-gender founding teams and female-founded startups accounted for roughly less than 4% of total equity transactions deployed across the GCC between 2019 to 2025. 

This is despite more female entrepreneurs establishing businesses in the region.  

According to a 2025 Global Entrepreneur Survey conducted by GoDaddy, the U.S.-headquartered internet domain registry company, 51% of surveyed small businesses in MENA are owned by women, with 63% of them founded in the past five years. 

Abu Dhabi alone recorded 3,058 new business licenses issued to Emirati women in the first half of 2026, highlighting the growing role of women entrepreneurs in the emirate’s economy. 

It begs the question: if more women across the region are starting companies, why hasn’t their share of the funding pie grown at the same pace?

According to Lucy Chow, a limited partner at U.K.-based VC firm Pact whose investment remit extends to MENA, part of the problem stems from the lack of diversity at the investor level.  

“Gulf investor networks are still very male-dominated, especially at decision-making levels,” Chow, who also works as secretary general in the UAE office of the World Business Angels Investment Forum,” said Chow.

“That matters because deal flow follows networks. I’ve been saying for years that we need more female check writers, but men have to help solve this too, by actively backing deserving female founders.” 

It’s a view that is shared by Basil Moftah, managing partner at Key Capital, a Dubai-based VC secondaries asset manager. 

“Undoubtedly, the VC industry—both regionally and globally—is dominated by male general partners or has a majority of male GPs,” said Moftah. 

“While most people would tell you they’re not biased, surely there is a bias in there. It’s hard to ignore that and the impact it has on funding outcomes.”

Data published by Founders Forum Group, a U.K.-headquartered group of businesses supporting entrepreneurs around the world, shows that VC firms with at least one female partner are 2.3 times more likely to invest in female founders, while VC firms where women make up at least 30% of partners invest 4.7 times more in female-founded companies than all-male firms. 

Female angel investors allocate approximately 35% of their investments to female founders versus 13% for male angels. 

Chow said that female startups still rely heavily on bootstrapping to try to plug the gap. 

“My experience with a lot of female founders is that they bootstrap,” she explained.  

“They are leveraging alternative personal income streams to self-fund. Founders are resourceful and patch together funding, but non-traditional capital won’t replace VC when it comes to scaling.”

She referenced a Mastercard study published last year that showed 56% of women entrepreneurs in the UAE run a side hustle, to achieve financial independence and bankroll early business concepts. 

Some regional industry experts have said that if the trend is to be reversed, Gulf governments need to issue mandates for gender equity in startup funding. 

Chow believes the region needs to build a pipeline of female investors. 

“We absolutely have to treat this as a capital allocation problem, not just a founder problem,” she said. 

“That means more women angels, limited partners, and investment committee seats, but also more female investors in the room, and government measures that encourage capital to flow, not just quotas.” 

The lack of major exits in regional female startups has created a familiar catch-22: investors need success stories to unlock capital, but capital is needed to create those success stories.

According to Chow, the funding imbalance has also led to a heavy reliance on public innovation grants from entities such as Dubai SME and Abu Dhabi’s Khalifa Fund for Enterprise Development to survive bridge periods between equity VC rounds. 

It has also led women to take matters into their own hands, as Sophie Smith, founder and CEO of UAE-based Nabta Health, the first dedicated platform for women’s preventive healthcare in MENA, explained. 

“When we started raising our Seed round in 2021, we set up a special purpose vehicle so that we could accept smaller tickets of $1,000 or more from angel investors,” said Smith. 

“I was looking for female angel investors on publicly available lists and, out of frustration, I set up 2022 Female Angels with a group of friends to identify and publicly list 2,022 female angel investors across the region.” 

Today, the team hosts workshops and bootcamps to upskill and enable women to become angel investors, and manages a list of around 350 active angel investors, with 44 of its 79 angel investors being female. 

Last November, Nabta Health closed a $2 million pre-Series A funding round, bringing its total funding to $4.5 million.

Other initiatives such as Women Spark, founded in Saudi Arabia by Deemah AlYahya, focus heavily on training, mentoring, and facilitating angel investments into female tech innovators. 

While such efforts are encouraging, they are unlikely to move the dial on the scale required for the Gulf’sfemale startup ecosystem to start reaching its full potential.  

“I have been one of those vocal individuals stating that we need governments to step up and to seed funds targeted specifically at female founders,” said Chow.

“Concurrently, wealth funds and family offices can also do their part by allocating a portion, however small, to funding female-led startups.” 

As the GCC presses ahead with pursuing economic diversification, the region can ill afford to leave a growing pool of female entrepreneurs on the sidelines. The challenge is no longer getting more women to start companies—it is ensuring they have a fair shot at the capital needed to scale them.

That will require more than training programs and individual initiatives. Key players across various areas of the economy will need to exercise a more active role in widening the investor pipeline and directing capital toward female-led businesses. 

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Sir Alex Chisolm has been U.K, chair of EDF for more than two years, but he is still awestruck by the power on display when visiting any one of the company’s eight nuclear power stations. 

At Sizewell, which is currently home to Sizewell B, the U.K.’s largest operational nuclear site, he says: “You can stand on the bridge there and feel, wow, this is how we actually make this. This is the room with the magic that’s powering 1.2 million homes, and you’re going to see these giant machines going around amazingly fast. You think, well, that is power.” 

Chisholm stepped down as permanent secretary to the Cabinet Office in 2024 and currently serves as a non-executive director at BT and senior adviser to Boston Consulting Group, in addition to his EDF role. Transitioning from the world of politics and returning to the private sector has been a welcome change of pace. 

“It’s good for people like me who spent probably a bit too much time hanging around Whitehall offices to get out to sites where the real work is done by people to power the nation,” Chisholm says. 

EDF, a French state-owned energy company, sits at 15th on the latest Fortune 500 Europe rankings and recorded profits of €8.4 billion ($9.7 billion) for the 2025 financial year. 

Chisholm first developed an interest in the energy sector while at the Competition and Markets Authority, which was overseeing an energy market review when he was chief executive of the regulator. He also served as head of the business and energy department for four years and says he found the sector “absolutely fascinating.”

“This is the room with the magic that’s powering 1.2 million homes, and you’re going to see these giant machines going around amazingly fast. You think, well, that is power.” 

Sir Alex Chisolm, U.K, chair of EDF

“The energy sector is so important to the way people lead their lives, to our business competitiveness, and all the changes happening with the development of AI,” he adds. “So I thought that was a very worthwhile challenge to throw myself into.” 

Rising energy costs ‘put brakes’ on growth

Energy companies and the U.K. government are currently facing pressure to help bring business energy costs down. Gas and electricity costs for businesses have increased by 25% since February, according to industry research firm Cornwall Insight, largely as a result of conflict in the Middle East. 

The Confederation of British Industry has warned that persistently high energy prices threaten the U.K.’s global competitiveness and risk “putting the brakes on the country’s growth ambitions.”

Chisholm believes that the government should be prioritizing reducing energy costs for both businesses and consumers. EDF was among a group of 120 organizations that called for “hidden taxes”, including levies for renewable projects, to be scrapped from energy bills. 

15

Electricité de France Rank on Fortune 500 Europe

Chisholm says: “The U.K. has a competitiveness deficit now in its energy costs—that is a real call to action. We’re now nearly one and a half times more expensive [than the rest of Europe] for industrial users of electricity, and that is not a position we can continue to tolerate.”

Chisholm regards nuclear power as another key part of the answer. “Nuclear is a very important solution, both for the planet, but also for energy security and supply,” he says.

EDF is currently involved in the construction of two new nuclear facilities in the U.K. Hinkley Point C is majority owned by EDF and it is estimated it will be capable of powering 6 million homes when it comes online in 2031. EDF also owns a 12.5% stake in Sizewell C which is set to become operational in the “mid to late 2030s.” 

The two nuclear plants will be the first to have been built in the U.K. since the 1990s and are a key part of the government’s plan to reduce the country’s reliance on fossil fuels.

The regulatory burden

However, both projects have been beset by delays. Hinkley Point C was originally scheduled to come online by 2025 and had an initial projected cost of £18 billion ($24.26 billion)—this has now doubled. 

Sizewell C also risks falling behind schedule after construction of two key access roads to the site were delayed.

Chisholm believes many of the challenges faced in the construction of EDF’s latest facilities are typical of those faced by large infrastructure projects in the U.K. “Although the plant that we’re building is based on technology called the European pressurized reactor—which was designed for the European market and has already been built in France at Flamanville and in Finland at Olkiluoto—U.K. regulatory bodies here had their own specific requirements,” he says. 

A 55,000-page development consent order (almost 40-times the length of War and Peace) was required to secure planning approval for Hinkley Point C. The public body Natural England also advised EDF to design and install a ‘fish disco’—an underwater acoustic deterrent to prevent marine life from swimming into the cooling pipes that feed the nuclear plant’s turbines. 

“We spent almost a billion pounds on changes to the plant, which relate to reducing the impact on fish,” Chisholm says. “We all love fish but you could have achieved a lot more for fish numbers and welfare at a much lower cost than that.” 

“I understand and respect environmental standards and nuclear safety,” he adds. “The question is, how much is enough?” Chisholm claims that the current regulatory process leads people “unwillingly” to develop rules that “make no sense”. 

The Fingleton Review of nuclear regulations recommended a more balanced approach to environmental protection and was adopted in full earlier this year after John Fingleton, who led the review, said Hinkley Point C had “more fish protection measures than any other power station in the world.”

The proposals aim to speed up the planning process for new nuclear projects by reforming environmental impact assessments but have been criticized by wildlife charities and environmental organizations for representing a false choice between nature protection and development. 

However, Chisholm is a fan of the Fingletonian approach and believes it could have benefits beyond the energy sector and in the wider economy. “If it was easier to get things built in this country, if it was easier to get things done, then we would all be better off,” he says. “It would make Britain the best country in the world to do business.”

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An Iranian state-run media outlet claimed that one of its journalists, Naqqa Hamed, was arrested by Israeli forces near Bethlehem in the West Bank on Tuesday.

An IDF source confirmed the arrest of a Press TV journalist to The Jerusalem Post on Wednesday.

According to Iran’s state-run English-language news site, Press TV, Palestinian-American correspondent Hamed and a camera crew were stopped at a checkpoint in the area by Israeli forces, who allegedly searched them before arresting Hamed.

Hamed’s cameraman was allegedly released, while she remained in custody.

Hamed was transferred to Israel Police, and not to Shin Bet (Israel Security Agency), despite Iranian allegations that Shin Bet has her in detention; the IDF source confirmed to the Post.

Press TV claims Hamed targeted in online ‘smear campaign’

Press TV claimed that Hamed’s arrest came after she had been subjected to an online “smear campaign,” during which she was repeatedly probed on how she could continue working for the Iranian outlet while in Area B of the West Bank without being arrested.

Israeli security forces seen during a raid in the West Bank village of Salem, near Nablus, on August 2, 2026. (credit: NASSER ISHTAYEH/FLASH90)

They accused those who questioned Hamed online of attempting to “exert psychological and media pressure” in order to obstruct Press TV’s reporting.

Press TV also claimed that Hamed had previously clashed with Israeli forces while reporting in Kalandiya.

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Before I co-founded Dexory a decade ago, I had no experience in robotics. I am a go-to-market specialist with degrees in both liberal arts and business, a fiction and fantasy obsessed reader, and I am a woman who comes from a family of doctors. My background isn’t in a lab, on a manufacturing floor or on a campus. I grew up in Romania and after studying in the UK, I spent six years working in marketing, sales, partnerships at Telefonica and Google. 

All these things make me quite unusual in my field, robotics, dominated as it is by super-qualified scientists who tend to be men. In the early days at Dexory, it wasn’t unusual to walk into a robotics meeting and be the only woman in the room.

Don’t get me wrong, things have improved. I see far more women at conferences, in customer meetings, and on our own teams. I see women leading engineering teams, building AI models, designing products, running commercial organizations, and founding startups. We should – and we do – celebrate that, but we shouldn’t mistake this progress for the finishing line. 

I’m biased, but I would argue that physical AI is one of the most exciting industries in the world right now – and robotics in particular. The machines we are building and the tech we are developing will revolutionize the world of work – and could help solve some of the existential challenges we face as humankind, from aging populations to climate change. 

To do that, we are going to need a lot more people. Everyone in robotics knows that one of the biggest challenges of running a company right now is a lack of talent. Robotics founders complain about not being able to find the right people, and then they put out job descriptions that seem designed to attract only those who’ve spent decades in robotics. Nobody grows up dreaming about LiDAR specifications or navigation algorithms; they want to solve meaningful problems. Yet the robotics industry still spends most of its time talking about sensors, autonomy, and hardware instead of the impact those technologies create.

If we want to attract more women – and more exceptional people to the field in general – we need to stop selling “robots” and start selling what they make possible. We need to talk about making dangerous environments safer, about reducing waste across global supply chains, about using AI to solve challenges in the physical world that affect almost every product we use. We must speak the language of problem solving, which we all understand and relate to.

We also need to explain that opportunities in the sector are not just limited to building hardware: because there is a lot more to building a robotics company than the robots.  

As robotics has become an industry rather than predominantly a field of research, companies increasingly need product thinkers, designers, operators, salespeople, industry experts and storytellers alongside brilliant engineers. They need people who understand not only how to make technology work, but how to make customers adopt it and to help businesses scale. They need people with unconventional backgrounds.

Not many people outside of Romania know this, but over the past two years, robotics clubs have been emerging all over the country, with Romanian teams winning international competitions and – most notably – made up of both young men and women. 

That suggests that the next generation of scientists will be more diverse than the last and will provide new opportunities for young people in robotics and other fields. But it also shows just how exciting – and accessible – this tech is to non-specialists. These young people will grow up as evangelists for robotics, and some will take their place in the industry. The US and elsewhere in Europe should do the same, and the private sector can lead the charge by sponsoring these early initiatives and then nurturing young talent over time. 

Not everyone who works in robotics has followed a highly specialized path, and there are many successful robotics companies that have not raised hundreds of millions of dollars, even if these are the companies that you read about in the media or on LinkedIn. 

This isn’t just a problem in robotics – it is a wider issue in venture capital and startup funding: the fact is that big funding rounds tend to get the most attention, and most of those funding rounds go to male founders. 

There is a cultural element too. In my experience, women like to talk about their results and what their teams have achieved and feel like they shouldn’t be talking about themselves until those results and achievements are massive. 

The solution is not only for women to be louder, but for founders to think about the kind of stories they are telling. It is worthwhile to announce milestones, but I would love to see more founders sharing the everyday reality of building a company, including the difficulties, setbacks, and less glamorous parts of the journey.

Talking openly about the journey might make a founder’s career feel more relatable to other women, and seeing the full process might encourage others to think: “I could probably do that as well.” And that helps all of us. 

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In 2009, the great blogger and cultural critic Mark Fisher picked up on the concept of “capitalist realism,” describing a state of mind where the triumph of this economic organization of life was so complete that it was impossible to imagine an alternative to it. But Fisher, who died in 2017, surely didn’t consider that two capitalisms would compete for headspace.

In one story, the Citrini Research “ghost GDP” thesis, AI is essentially a substitute for labor: codifiable, routine, formalizable work gets automated or compressed, hiring for it dries up, and the firms that move fastest win. In the other, something like Alex Imas’ “relational work” thesis, AI is a complement to labor, raising the value of tacit, contextual, hard-to-codify human judgment, and the firms that treat it as a replacement rather than a force multiplier for people, are quietly mispricing their own workforce.

Gad Levanon, chief economist at the Burning Glass Institute, ran a simple, clarifying experiment this week: ranking every industry’s quits rate against its own 25-year history, rather than against every other industry’s raw rate, splitting the labor market into three tiers that haven’t moved together since 2022—revealing a split between the two capitalisms.

In finance, insurance, information, and professional and business services (FIIPB) the quits rate has fallen to the 13th percentile of its own 25-year range. It sits at 1.8%, down from 2.5% in 2019, a 28% drop, and the lowest reading since 2013. The rest of the private economy is sitting at the 44th percentile, close to its historical norm. Government, education, and health care are at the 71st percentile—effectively unchanged from 2019.

“Job hugging is real, but it’s mostly happening in one part of the economy,” Levanon wrote on LinkedIn. “Only FIIPB has collapsed … because that’s where the jobs stopped.” Levanon found that FIIPB employment peaked in early 2023 and has been falling ever since. “People quit when they have somewhere to go, and in a sector that’s shedding jobs there’s nowhere to go.” Bureau of Labor Statistics data released September 1 shows professional and business services hires fell by 188,000 in July alone, even as job openings ticked up nationally.

When asked what was behind this—was this even the beginning of a reversal of the “financialization” of the American economy over the last four decades—Levanon told Fortune it’s probably not as sweeping as that. More simply, he said it was “a decline in the labor intensity of white-collar work.”

“FIIPB output kept growing; the labor needed to produce it didn’t. Technology, and expectations about what it will soon do, suppressed hiring in codifiable work.” The beginning of this was a “post-ZIRP correction,” he said, a shorthand for zero-interest rate policy, or low interest rates set by the Federal Reserve, but that doesn’t explain a gap that’s “still widening in year four.”

A new working paper out of Stanford’s Digital Economy Lab supplies another missing variable: age. Economists Erik Brynjolfsson, Bharat Chandar, and Ruyu Chen, using high-frequency ADP payroll data covering millions of U.S. workers through June, found no evidence of broad, economywide job displacement, but did find that employment of workers 22 to 25 in AI-exposed occupations now sits 19% below where it would be had it kept pace with their less-exposed peers. Experienced workers in the same occupations show no comparable gap. The divergence isn’t showing up as layoffs—it’s showing up as an absence of hiring.

There’s a matching wrinkle in a Bank of America Institute report published September 9: Gen Z’s rate of switching jobs has overtaken every other generation for the first time since 2021, even as broader hiring slows, and Gen Z is getting the largest pay bump of any generation when it does switch. Read next to Stanford’s finding, that looks like young workers being pushed out of the queue for AI-exposed roles and scrambling laterally into whatever is left, faster than anyone else has to.

Both Levanon and the Stanford team are finding the decline concentrated in occupations where AI usage substitutes for human tasks, while occupations where AI complements workers show flat or rising employment, especially for experienced workers. These are the two capitalisms: substitutable work contracting, complementary work holding or rising, in the same economy, in the same months.

Tyler Cowen has been drawing this distinction for months on his blog, Marginal Revolution, parsing the difference between raw “intelligence” that can be automated, on the one hand, and tacit, contextual expertise, or “Polanyi knowledge,” after the Hungarian-British polymath Michael Polanyi. Stanford’s payroll data finds the substitutable work is disappearing specifically for the workers with the least experience to fall back on—the ones who haven’t yet accumulated the tacit knowledge Cowen’s model says should protect them.

Increasing research is dedicated to the pipeline problem: where does the next generation’s tacit knowledge come from, if the apprenticeship rungs are the first casualties of the proxy war being fought over them? The increasing bans on AI in high schools are part of this equation, as is a recent working paper by “China shock” economist David Autor and colleagues. A three-month randomized control trial of 133 practicing patent lawyers produced, over the long run, advantages “concentrated entirely among senior lawyers,” with junior lawyers showing no average gain. “The largest gains from AI thus accrued to the lawyers who retained the least. Foundational expertise may be a prerequisite for extracting durable skill from AI-assisted practice,” the authors wrote.

The irony is that FIIPB is disproportionately the sector that produces commentary about its own contraction, whether through sell-side research from an investment bank or financial news articles like this one. The people narrating the emergency are closer to its zip code than the rest of the country. The media sector is in something like a moral panic over AI, sometimes about the ethics of AI writing, other times about AI doomsday scenarios, but it’s also got considerable skin in the game. As Semafor’s Reed Albergotti noted, AI safety escaping containment makes for “an incredibly fun story.”

Cowen has been reflective on the issue. Responding this month to mathematicians—UCLA’s “Mozart of Math” Terry Tao among them—who warned that the latest AI breakthroughs are encroaching on their field, he invoked Claude Frédéric Bastiat’s distinction between the seen and the unseen: the visible cost to his own status as an economist, he wrote, is real — “not altogether pleasant for me personally, given how much personal status I have wrapped up in particular modes of economic thought” — but the unseen future gains to the field from AI will likely be “enormous, even if current practitioners cannot foresee most of those benefits today.” He went further than almost anyone else writing about this professionally: “I realize AIs someday will end up as better column and blog writers than I am.”

Given the quits data, does Cowen see something more self-interested in the media’s AI-writing backlash than his own admissions might suggest? His answer resisted the clean split. “I think the backlash is both sincere and self-interested, the two motives are working together,” he told Fortune. After all, he added, many “corporate protectionists” actually think tariffs are a good thing and not “cynical profit-seeking,” but they happen to be wrong.

“People just do not want the world to change so much.”

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.

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The UN Security Council held an emergency session on Tuesday to discuss possible solutions to the growing escalation caused by Houthi advances in Yemen, including intensified cross-border attacks into Saudi Arabia.

The representative of the internationally recognized Yemeni government, Abdullah Ali Fadhel al-Saadi, warned that the escalation is no longer an internal matter, but a growing threat to regional security, freedom of navigation in the Middle East, global energy supplies, and other global supply chains and trade networks.

The anti-Houthi government is “responding to Houthi advances” along the country’s west coast, including towards the Bab al-Mandab Strait on the Red Sea, Saadi said.

Saadi also urged UNSC members to enforce the arms embargo on Houthi terrorists and disrupt all weapons, financing, and smuggling networks.

Abdulaziz M. Alwasil, Saudi Arabia’s representative, warned that the Houthis are pursuing a policy of “choking the straits,” thereby holding the global economy hostage.

Abdulaziz M. Alwasil, Saudi Arabia's representative at the United Nations discusses Houthi escalation at a UN Security Council meeting, September 15, 2026. (credit: SCREENSHOT UN WEB TV)

Bahrain’s Jamal Fares Alrowaei condemned the escalation, which has led to a worsening of Yemen’s humanitarian crisis, forcing civilians to flee their homes.

“It’s high time for the Security Council to take a more decisive stance,” Alrowaei said.

UN Assistant Secretary-General Khaled Khiari, originally from Tunisia but representing the global organization rather than the North African state, noted that approximately 2,300 people have already arrived in Djibouti after fleeing the fighting.

Khiari also condemned attacks on civilian and energy infrastructure, and warned that further escalations around both the Bab al-Mandab and the Strait of Hormuz could have “grave consequences for international security.”

US representative Jennifer Locetta stated that “freedom of navigation underpins the global economy, and the US is working with our partners to protect it.”

US rep. calls on UNSC members to remain ‘clear-eyed’ on Tehran’s role in Houthi escalation

Locetta also called on Iran to cease its backing of the terror group, and urged the UNSC to remain “clear-eyed” about Tehran’s role in arming, funding, and giving instructions to the Sana’a-based terror group.

China’s Sun Lei expressed concern over the rapid escalation, and reaffirmed the People’s Republic’s respect for Yemen and Saudi Arabia’s respective sovereignty and territorial integrity.

Houthi terrorists ‘bear full responsibility’ for escalation, UK says

Protecting Red Sea shipping is a common international responsibility, and the rights of merchant vessels must be respected, he added.

The UK also condemned the escalation, saying that Houthi terrorists “bear full responsibility.”

“Iran’s longstanding support to the Houthis continues to enable attacks that threaten civilians, neighboring states, maritime security, and prospects for peace,” UK representative Kate Foster said.

“There can be no progress towards peace while the Houthis continue their military offensive, their attacks against Saudi Arabia, their threats to international shipping, and their obstruction of humanitarian action,” Foster added.

“Today the Council should deliver a simple and united message: The Houthis must cease their attacks, release detained personnel, de-escalate immediately, and return towards the pathway to peace,” she concluded.

Meanwhile, the General Secretariat of the Organization of Islamic Cooperation condemned the Houthis’ “heinous attacks against the city of Mecca and the Madinah region, as well as its ongoing aggression against the Kingdom of Saudi Arabia.”

“These attacks instill fear in innocent civilians, violate the sanctity of holy sites and mosques, and provoke the sentiments of Muslims around the world,” the OIC added.

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The renewed confrontation between Washington and Tehran is increasingly being fought not only through military pressure but through the energy market, where disruptions to Gulf exports are pushing oil prices higher, testing the resilience of regional economies and creating a growing domestic challenge for the United States ahead of November’s midterm elections.

That pressure intensified Tuesday as Saudi Arabia’s principal route for exporting oil without passing through the Strait of Hormuz suffered another setback.

Oil loadings at the Red Sea port of Yanbu were suspended, shipping industry sources told Reuters, while Saudi Arabia’s East-West Pipeline remained offline following attacks on the kingdom’s energy infrastructure. Separately, Libya halted operations at three oil fields after protests led to the closure of a crude pipeline.

Brent crude futures were up $3.49, or 3.3%, at $109.20 a barrel by early Tuesday afternoon in New York, while US West Texas Intermediate crude rose $5.08, or 5%, to $106.46. Both benchmarks were on course for their highest closes in nearly four months.

The latest price increase reflects more than fear of a hypothetical closure of the Strait of Hormuz.

FILE PHOTO: Vessels near the Strait of Hormuz, as seen from Musandam Thursday, 10th September 2026, 09:00 (credit: REUTERS/STRINGER/FILE PHOTO)

Traffic through the waterway has already fallen dramatically. Preliminary data from Kpler cited by Reuters showed that just four commodity vessels transited Hormuz on Monday, down from 10 on Sunday. Before the war, roughly 125 large commercial vessels passed through the strait each day. Some vessels may not be reflected in the figures because ships have increasingly switched off their tracking systems during so-called “dark crossings” to reduce exposure.

Markets are now pricing both barrels physically removed from supply and the risk of what could happen next.

Charl Le Roux of MENA Strategic Watch in Dubai said both components are now embedded in the price.

“Brent crude is trading at $103.78 per barrel, up from approximately $70–73 before the conflict and near a weekly peak of $108. Of the roughly $30 increase, an estimated $12–15 reflects confirmed supply losses, consistent with Goldman Sachs’ risk-premium framework. The remainder is an uncertainty premium linked to the conflict’s duration and expansion into the Red Sea, making a rapid decline unlikely,” he told The Media Line.

Prices have risen further since Le Roux made that assessment, but the underlying forces he identified have become more pronounced. Oil markets no longer price in only the possibility that Iran could interrupt exports through Hormuz. Production, shipping, insurance and alternative export routes have already been affected.

Tanker traffic falling sharply from prewar levels

Le Roux’s assessment points to tanker traffic falling sharply from prewar levels, production curtailments across parts of the Gulf and increasingly expensive maritime insurance. His report describes the crisis as having evolved from a single-chokepoint problem centered on Hormuz into a broader question of Gulf supply security.

The Strait of Hormuz has historically carried roughly one-fifth to one-quarter of global oil shipments, together with a comparable share of global liquefied natural gas (LNG). Only Saudi Arabia and the United Arab Emirates have substantial operational pipeline capacity to move exports outside the strait.

“Only Saudi Arabia and the UAE have operational pipelines that bypass the Strait of Hormuz, and together they cover less than half of pre-war transit volumes. Kuwait, Qatar, and Bahrain have virtually no bypass capacity. Qatar’s LNG exports are particularly vulnerable because liquefied gas must be shipped. Existing pipelines also provide only partial protection because they are fixed targets and cannot match Hormuz’s normal capacity,” Le Roux said.

Events in Saudi Arabia have now demonstrated the vulnerability of those alternatives.

The kingdom’s 1,200-kilometer East-West Pipeline, also known as Petroline, carries crude from eastern Saudi Arabia to Yanbu on the Red Sea, allowing exports to bypass Hormuz. The pipeline had become increasingly important during the war, moving roughly 4 million to 5 million barrels per day through the western route during parts of the conflict.

A drone attack forced the pipeline offline last week. On Tuesday, shipping sources said oil loadings at Yanbu had also been suspended. Saudi Arabia has informed some European customers that late-September crude cargoes will be canceled, while estimates for restoring the pipeline have ranged from days to several weeks. US Energy Secretary Chris Wright said Tuesday that he expected oil to begin flowing through the pipeline again within days.

The disruption threatens a route that has recently handled the equivalent of roughly 4% of global oil supply. Saudi output had already fallen sharply before the latest attack, with the International Energy Agency (IEA) putting August production at about 6 million barrels per day, its lowest level in more than three decades.

Higher prices have increasingly divided the Gulf between economies that can partially benefit from more expensive oil and those for which the costs of disruption outweigh those gains.

Saudi Arabia and the UAE entered the crisis with a substantial advantage. Both have pipelines that let some crude exports bypass Hormuz, while their financial reserves give them more room to absorb disruption.

Yet even for the better-protected producers, higher prices do not translate automatically into an economic windfall.

“Saudi Arabia and the UAE currently benefit financially from higher prices, supported by pipeline access; Aramco reported a 26% profit increase in Q1. Qatar, Kuwait, Iraq, and especially Bahrain are already net negative. Bahrain’s fiscal breakeven is approximately $137 per barrel,” Le Roux said.

Le Roux added: “Meanwhile, regional costs are rising, including an estimated $58 billion in energy-infrastructure damage, Dubai hotel occupancy falling from 80% to 10%, and war-risk insurance increasing by 12–40 times. Overall, disruption costs now appear to outweigh the region’s price gains.”

His report estimates that approximately 80 regional energy facilities have been damaged, while aviation, tourism, shipping and logistics have all been affected. War-risk marine insurance, it says, has increased from around 0.25% of a vessel’s value before the war to between 3% and 10% in some cases.

Regional financial markets are also showing the strain. Saudi Arabia’s benchmark stock index fell 0.9% Tuesday, while Dubai lost 0.8% and Qatar fell 0.5% as investors reacted to the latest attacks and deteriorating shipping conditions.

The differences between Gulf states are increasingly determined by infrastructure, diversification and fiscal buffers rather than simply by whether oil trades at $80, $100 or $110.

Among the Gulf states, the UAE is one of the best positioned because of its diversified non-oil economy, substantial sovereign wealth, and pipeline access to Fujairah outside Hormuz. Saudi Arabia retains greater scale and considerable financial resources but remains more heavily dependent on oil and is simultaneously financing an ambitious domestic economic transformation.

Qatar presents almost the opposite case. It possesses significant financial reserves and a relatively low fiscal breakeven price, but its economic model remains highly dependent on LNG exports, for which there is no meaningful land-based alternative to Hormuz.

Kuwait similarly has significant financial buffers but no operational export bypass, while Bahrain faces a much weaker fiscal position. Iraq combines heavy dependence on oil with limited ability to reroute the bulk of its southern production.

“The UAE is best positioned for a prolonged confrontation because of its diversification and pipeline expansion, followed by Saudi Arabia, given its scale and reserves. Bahrain is the most exposed fiscally, physically, and economically. Qatar and Kuwait have substantial financial reserves but remain structurally vulnerable because neither has a viable Hormuz bypass,” Le Roux said.

Widening insecurity in the Red Sea adds another variable and is beginning to undermine the assumptions on which Gulf contingency planning was built.

For Saudi Arabia, the East-West Pipeline to Yanbu had been one of the principal mechanisms for moving crude away from Hormuz. The attacks that forced the pipeline offline demonstrated that infrastructure designed to diversify maritime risk can itself become exposed when a conflict spreads geographically.

The Houthi advance along Yemen’s Red Sea coast has added to the problem. Shipping through Bab al-Mandab has also declined, with Kpler data showing vessel traffic falling from 28 transits on Sunday to 21 on Monday. On Tuesday, Egyptian President Abdel Fattah el-Sisi and Saudi Crown Prince Mohammed bin Salman stressed the need to protect freedom and security of navigation through Bab al-Mandab and the Red Sea.

‘The Red Sea is the most important new risk’

For oil markets, the development is important less because of the Saudi-Houthi confrontation itself than because it weakens the assumption that disruption in one shipping corridor can simply be compensated for through another.

Le Roux described the consequence in broader terms: “The Red Sea is the most important new risk. A Houthi missile struck a Saudi tanker 63 nautical miles from Yanbu, the terminus of Saudi Arabia’s main Hormuz-bypass pipeline, while Houthi forces captured Yemen’s Mokha port. Because the bypass strategy depended on the Red Sea’s security, Hormuz and Bab al-Mandab should now be treated as correlated risks. This supports a higher and more persistent risk premium,” he noted.

The implications are different for the United States.

As a major oil producer, the US is considerably less dependent on imported Middle Eastern crude than many European and Asian economies. American consumers remain exposed to internationally traded energy prices, particularly through gasoline, diesel, transportation and other costs that feed into inflation.

Refined fuels have emerged as a particular vulnerability. Middle Eastern exports of diesel, gasoline and jet fuel have remained nearly 60% below prewar levels, according to IEA estimates cited by Reuters, while attacks on energy infrastructure elsewhere have added to the pressure. US diesel futures reached a more-than-four-year intraday high Tuesday.

The political timing is particularly sensitive.

President Donald Trump said last week that he expected the Iran war to end “immediately after” the November midterm elections, arguing that Tehran was attempting to influence the vote. Separately, Reuters reported that some administration officials have sought to contain the intensity of the conflict ahead of the elections while leaving open the possibility of heavier military action afterward.

The US president has also said he does not regret the war despite its possible effect on Republicans in November.

Economic pressure is becoming more tangible. The White House has considered whether to use the Defense Production Act to expand US refining capacity, an unusual step reflecting concern about the vulnerability of domestic fuel markets to international supply disruption.

The financial effects are also spreading beyond filling stations. Rising energy prices have intensified inflation concerns as the Federal Reserve meets this week. US 10-year Treasury yields climbed to around 5% Tuesday, their highest level since 2007, while markets were pricing in at least a quarter-percentage-point interest-rate increase by the Fed.

A Congressional Budget Office (CBO) assessment released Tuesday put the direct cost of the six-month US war with Iran at about $38 billion and projected that continued fighting could add roughly $3 billion a month. The CBO also estimated that war-related energy disruptions could add about half a percentage point to US inflation in early 2027. The assessment did not include the cost of some recent attacks or additional federal borrowing associated with the conflict.

Francesco Sassi, a nonresident research fellow at RIE, Ricerche Industriali Energetiche, and a postdoctoral fellow at the University of Oslo, said a prolonged confrontation risks progressively removing Middle Eastern hydrocarbons from international markets.

“A long-term conflict between the US and Iran will deprive global markets of increasingly larger volumes of hydrocarbons from the Middle East, disrupting international access to regional production and squandering the political and economic scenarios for regional players as much as energy stakeholders,” he told The Media Line.

Sassi argued that uncertainty over the political endpoint of the conflict also complicates expectations for energy markets.

“Statements from the White House reveal that the US has no clear strategic goal or aim to cease this war, as long as the second Trump presidency continues to control both sides of Congress,” he noted.

His characterization of Washington’s objectives represents his assessment. The Trump administration has rejected comparisons with previous prolonged US wars and argues that pressure is weakening Iran, while outside analysts have questioned how the confrontation can be terminated without either a negotiated settlement or further escalation.

The latest market disruptions reinforce another problem for Washington: Greater pressure on Tehran can simultaneously increase incentives for Iran and its regional allies to use energy infrastructure and shipping routes as leverage.

“Many variables, including financial reserves, missile and drone stocks, domestic stability, oil revenues, or the durability of its regional networks, influence the Iranian capacity to withstand the conflict,” Sassi said.

“Nevertheless, I consider a real possibility that the Iranian capacity to further intensify the conflict through hybrid warfare and energy could create even greater problems for Washington, European, and regional allies,” he added.

Iran itself is under substantial economic pressure from sanctions and the costs of the confrontation. But economic vulnerability does not necessarily eliminate its ability to raise the costs for its adversaries.

Mohammad Ali Ghanamizadeh Fallahi, a researcher at the Iranian Institute for BRI Studies, said Tehran still has several forms of asymmetric leverage.

“Iran is using leverage points such as the Strait of Hormuz, its missile capabilities, and its regional network to increase the potential costs of any large-scale military action against it,” he told The Media Line.

For Fallahi, maritime disruption has already changed the nature of the confrontation.

“The reduction of maritime traffic in the Strait of Hormuz, mutual military confrontations, and threats against critical infrastructure have transformed the crisis from a bilateral confrontation into a global energy security issue,” he noted.

The latest shipping figures lend weight to that assessment. Monday’s four recorded commodity-vessel transits through Hormuz represented a fraction of the roughly 125 daily commercial transits recorded before the war, while disruption has simultaneously spread to Saudi Arabia’s Red Sea export network.

Saudi Arabia has begun canceling some crude deliveries to Europe, forcing refiners to seek replacement supplies. Poland’s Orlen, which obtains about 40% of its crude from Saudi Aramco, has sought alternatives from the North Sea, the US, Kazakhstan, Algeria and Guyana, according to industry sources cited by Reuters.

Those developments illustrate how a conflict centered on Washington and Tehran is transmitting costs well beyond the combatants. Gulf producers face damaged infrastructure and constrained export routes; European and Asian buyers face higher prices and uncertain supplies; and US consumers face inflationary pressure even though the country itself is a major oil producer.

Fallahi nevertheless cautioned against interpreting Iran’s economic deterioration as evidence that Tehran is close to capitulation.

“From a political and economic perspective, Iran is facing increased vulnerability due to sanctions pressure, domestic economic challenges, and the growing costs of military confrontation. However, this does not necessarily indicate rapid collapse or a significant reduction in its ability to resist,” he said.

He said the greater danger lies in the possibility of escalation taking on a momentum of its own.

“From a military perspective, the main danger at the current stage is not necessarily a deliberate decision to start a full-scale war, but rather an uncontrolled cycle of escalation,” he concluded.

This post was originally published on here. 

WASHINGTON — Democrats are vowing to aggressively pursue oversight if they win control of either the House or Senate in November’s midterm elections. Health care issues, including President Trump’s drug pricing deals, are potential targets. 

It’s common for parties to turn to oversight when they take control of a congressional chamber. Lawmakers can use oversight to tell a story about the other side. It also avoids intraparty divisions by focusing attention on what the other party has done. And if Democrats want to keep the focus on Trump, even though he can’t run again, oversight is a good way to do that.

If Democrats flip either chamber, they’ll gain subpoena authority, giving them the power to force the administration and company executives to testify and respond to inquiries. However, the administration could forcefully push back on those efforts. 

Continue to STAT+ to read the full story…

This post was originally published here. 

When I teach the structure of cancer to first-year medical students, I go well beyond the causes and mechanisms of the disease. Medicine has changed since my own siloed training in pathology. Now many medical schools leap into humanism. In addition to learning about pathophysiology, cancer genetics, bloodwork, scans, and symptoms, students where I work meet a cancer patient, the patient’s family, and oncologist. They come to understand the decisions, treatments, and emotions that followed a difficult diagnosis and prognosis.

The patient they learn about is me. The tumors, test results, and treatments I present? Mine.

Read the rest…

This post was originally published here. 

Hot summer days are fading fast, but the midterm election season is heating up. In the race up to Nov. 3, among the top issues are the economy, health care, and immigration. All three are deeply connected to another issue that needs attention: dementia.

As many as 7.1 million Americans are living with dementia, and 12 million friends and family are performing the work of caregiving. Their mental anguish, out-of-pocket expenses, the time caregivers devote to their work, the wages lost from forgone work — all create spectacular costs for America’s families. In the coming years, as Americans age, this anguish and costs will only grow.

Dementia is clearly a big problem, and yet, sadly, our politicians — both Democrats and Republicans — talk about it not like adults, but like schoolyard bullies. They use the word as a vicious rhetorical cudgel to mock and deride an opponent’s mental fitness. This was especially true in 2024, when politicians accused opponents of having dementia. Sadly, the name-calling continues this midterm election.

Continue to STAT+ to read the full story…

This post was originally published here. 

All Gen Z wants for Christmas is something old school.

The generation stereotyped as the most glued to their phones wants to get off them this holiday season. According to PwC’s 2026 Holiday Outlook report, nearly four in five Gen Zers (78%) are interested in screen-free gifts like puzzles, art supplies and gift cards, as compared to 64% for all consumers.

This analog craving also extends beyond what’s gift-wrapped under the tree. Over eight in 10 Gen Zers (81%) of the 1,006 surveyed said they’re prioritizing in-person activities during the holidays and over three in five (63%) said a shared meal matters more than a present, according to the same report. 

“The more digital everyday life becomes, the more value they seem to place on things technology can’t fully replicate: something tactile, personal, social, and enduring,” Ali Furman, PwC’s U.S. consumer markets industry leader, told Fortune.

The idea of a decked-out yet holly, old-fashioned Christmas has already been creeping into younger consumers’ lives. Last year, Gen Z shoppers revived a retro “Ralph Lauren Christmas” aesthetic by draping their spaces with tartan plaid, velvet, candlesticks, and nutcrackers, often hunting for cheaper dupes instead of buying the original items. Part of its appeal was a yearning for the accessible economic prosperity of the 1990s that made a “good Christmas” (one filled with gifts under the tree and of nostalgic times spent talking and playing cards with family) possible. 

“Gen Zers have a passion for traveling back in time to a world that existed before they were born,” Mark Beal, a Rutgers professor who has written books about the generation, told Fortune. 

This desire for a physical manifestation of the holidays shows up in PwC’s findings as well. Sixty-one percent of Gen Z said seeing decor and feeling a holiday atmosphere when they’re browsing in-person makes the season “feel real,” which makes them prefer the ritual of the shopping experience over a quick trip.

Gen Z’s offline push and retailers’ response 

The appeal of shopping in jingle-bell-decorated aisles and eating holiday meals together is part of Gen Z consumers’ wider push to spend less time online. 

They’re already driving the revival of analog hobbies like knitting, gardening, birding and painting as they try to spend less time on their screens to connect with people and nature. They’re rediscovering vinyl records, film cameras and the stick shift—things that can be touched and made—and require active participation instead of scrolling. 

“They have grown up in a world where almost everything is digital, instant, and endlessly editable,” Arianna Lebed, creative director at advertising agency MAS, told Fortune. “That makes physical objects, shared meals, and in-person experiences feel more meaningful because they are finite, tactile, friction-full, and actually lived.” 

This preference is reshaping how Gen Z prefers to shop, and retailers are watching. As younger customers turn to in-person shopping, Target directed $5 billion this year toward remodeling stores and building new ones. Malls are also reviving thanks in part to Gen Z shoppers. Their value has risen 13% from last year, topping other types of commercial real estate. The nation’s biggest mall owner, Simon Property Group, launched an ‘80s and ‘90s inspired marketing campaign called “Meet me @ The Mall” in 2024, which ran on YouTube, TikTok and Netflix and showed teenagers roller skating, dancing and playing arcade games.

But despite their spending being projected to globally spend $12 trillion by 2030, Gen Z consumers are tightening the belt this holiday season. PwC expects Gen Z gift spending to fall 9% this year, to $533 from $586, while its travel spending is projected to drop 29%.  

This story was originally featured on Fortune.com

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A Russian court has convicted a Russian-Canadian national of treason and sentenced him to seven years in a penal colony for work he did for separatist movements based outside Russia, the RIA state news agency reported on Wednesday.

RIA reported that the man, whom it named as Nikolai Zyuzev, had been convicted of high treason for working to train leaders of “national liberation movements” among Russian ethnic minority groups abroad.

It cited Russia’s Federal Security Service as saying that his work had been aimed against the country’s sovereignty and territorial integrity. RIA did not say how Zyuzev had pleaded to the treason charge.

Zyuzev had been involved in distributing “extremist” materials and had been commissioned by “European Union government bodies and think tanks,” RIA cited the FSB as saying.

Russia is home to dozens of indigenous ethnic minorities, from Muslim Tatars to Buddhist Buryats. RIA reported that Zyuzev had been arrested in Komi, an ethnic minority region in Russia’s Arctic north.

This is a developing story.

This post was originally published on here. 

There is a couch outside the fitting rooms at nearly every mall in America, and for decades it looked like the least productive real estate in the building. No inventory. No margin. Just someone’s better half sitting with a pile of bags and time to kill. Paco Underhill, who has worked with shopping malls in more than 30 countries and wrote the 2004 book Call of the Mall, coined a phrase for it: “a parking lot for two-legged pets.”

“A two-legged pet could be a boyfriend, or it could be your mother, or it could be a grandfather,” Underhill, often called the “godfather of retail anthropology,” told Fortune. Give that companion a couch, he said, and the shopper they came with may stay longer.

That overlooked piece of furniture is now close to a business strategy. Data from commercial real estate analytics firm Green Street first reported by The Wall Street Journal capture the industry’s reversal: An estimated 200 malls have closed since 2008, but values for the survivors have climbed 13% over the past year—the strongest gain of any major commercial real estate sector. Indoor-mall visits from January through August also rose 2.5% from the same period last year, bringing traffic within 1.3% of its pre-pandemic 2019 level, according to data Placer.ai provided to Fortune.

Instead of simply giving people somewhere to shop, the new mall gives them a reason to make a day of it, trading the old department-store formula for restaurants, gyms, entertainment, beauty services, and even apartments.

The business of hanging out

More than two decades after Underhill wrote Call of the Mall, his critique looks newly relevant. The traditional American mall, he argues, was an “incomplete solution.”

Department stores helped developers secure financing and attracted shoppers, but they also dictated which businesses could move in. 

“They were very clear: I don’t want drugstores. I don’t want a hardware store. I don’t want a grocery store. I don’t want shopping carts in the shopping mall,” Underhill said.

By excluding everyday services, American malls remained dependent on occasional shopping trips. Underhill said malls abroad were built around a broader mix of food, recreation, services, and social life that encouraged frequent visits.

American malls are now filling in what was missing. Underhill pointed to gyms, daycare centers, doctors’ offices, restaurants, and beauty services as repeat-visit drivers. Vince Tibone, a retail analyst at Green Street, told Fortune former department stores and excess land are also becoming entertainment venues, housing, hotels, and offices.

R.J. Hottovy, head of analytical research at Placer.ai, said the changing tenant mix, events, and attractions are turning some malls into a “third place,” or even a “second place if your home is your office these days.” In 2025, 37.6% of indoor-mall visits lasted more than 75 minutes, a higher share than at open-air centers or outlets, according to Placer.ai.

For many members of Gen Z, the appeal may be both practical and nostalgic. The mall recalls a familiar adolescent ritual: texting the group chat, figuring out whose mom could drive, and spending an unplanned afternoon wandering stores, splitting food-court fries, and doing a whole lot of nothing together.

A study from Sunnie and Westfield Rise, the media and experiential division of mall owner Unibail-Rodamco-Westfield, found 73% of the Gen Z women surveyed called the mall the top place they go to spend time with friends. That time can become valuable without a shopping list: an afternoon with friends can turn into coffee, an arcade trip can stretch into dinner, and a brand first seen on TikTok can become a store entered along the way.

The internet moves in

Retailers have also stopped treating e-commerce and physical stores like opposing teams. Demand for mall space is as strong as it has been in more than a decade, Tibone said, and online-first brands increasingly see stores as a way to market themselves, acquire customers, and lift online sales nearby.

Brands that first tested malls through pop-ups are increasingly signing leases of five years or longer, Tibone said. While they’re not saving the industry single-handedly, they are “a growing and important source of new tenant demand” that often resonates with younger consumers.

A sorting, not a rescue

Of the roughly 900 malls Green Street tracks nationwide, Tibone estimates only about 250 are benefiting meaningfully from the comeback. Those properties rated A-minus or better by Green Street—meaning they rank among the country’s higher-quality, better-performing malls—tend to draw higher-income shoppers, while underinvested malls are being left behind.

Reinventing a mall also takes money and time. Underhill said executives generally know what their properties need, but transformations typically take about two years, an uncomfortable timeline for companies reporting results every quarter. But the strongest malls lean heavily on affluent shoppers benefiting from a rising stock market. A prolonged stock-market correction could weaken tenant sales and stall store-opening plans, Tibone said.

The comeback, then, is less a rescue of the American mall than a sorting of its survivors. The winners have learned physical space becomes valuable when people want to occupy it, even when they arrive without a shopping list.

To Gen Z, that makes the old mall couch more than a place to wait out someone else’s shopping trip. It is part of the reason to come—and once they are there, the mall still knows how to turn hanging out into buying.

Underhill put the mall’s enduring advantage more simply: “I need to see it, feel it, touch it, smell it, and that is often how I can buy it.”

This story was originally featured on Fortune.com

This post was originally published here. 

As more states have begun to introduce wealth taxes, billionaires and other ultrawealthy individuals have been forced to make the hard choice between sucking it up and paying the bill or moving elsewhere. 

Those who have chosen to dodge proposed wealth taxes in states including California and Washington have flocked to Florida. Billionaire Californians face a one-time 5% tax on their net worth, so some, including Google cofounders Larry Page and Sergey Brin and venture capitalist Peter Thiel, left California for Miami. 

Washingtonians who make at least $1 million will also face a flat 9.9% tax starting in 2028, and executives once based there, like Amazon founder Jeff Bezos and former Starbucks CEO Howard Schultz, have also left for Florida. 

Florida has become a safe haven for the ultrawealthy because it has no state income tax, and it’s also solidified itself as an epicenter of luxury and lavishness. Plus, they’re free from the burden of a wealth tax. Three of the primary localities where the ultrawealthy are flocking include Miami, Palm Beach County, and Naples. 

How much are billionaires saving by moving to Florida?

Florida has no state income tax, no capital gains tax, and no wealth tax, but the math on how much billionaires or the ultrawealthy save by living there is a bit more complicated. That’s because the ultrawealthy’s income typically comes from a stock sale or a dividend rather than a salary. Take Larry Ellison, for example. By making an estate in Palm Beach County his primary residence before selling Oracle stock, the billionaire saved an estimated $1 billion in taxes, according to Forbes. 

Wealth taxes hit assets like stocks, real estate, and art rather than income, as MIT Sloan notes.

But the wealth tax is still what garners the most attention. California’s Proposition 40 would slap a one-time 5% levy on the net worth of billionaires who lived in the state after Jan. 1 this year. Fortune’s Marco Quiroz-Gutierrez previously estimated the departures of billionaires like Page and Brin could cost the measure some $29 billion of the $100 billion it’s after. 

So the wealth tax is what encouraged some billionaires to move, but the income and capital-gains taxes they’ll never pay again are what keep them there.

Miami: the billionaire bunker

Miami is where wealth migration is most prominent: 19 of Florida’s 20 richest billionaires officially reside there. Many of them cluster on the same guarded islands like Indian Creek (a.k.a. Billionaire Bunker), where Bezos has assembled a property compound worth more than $230 million. Meta CEO Mark Zuckerberg, Page, and Thiel also live there.

Citadel’s Ken Griffin also moved his hedge fund’s headquarters to the city, and Page has spent more than $180 million building a compound in Coconut Grove. Meanwhile, Miami’s millionaire population has grown 94% in just a decade, to nearly 40,000, according to Henley & Partners’ World’s Wealthiest Cities in 2025 report. 

“It’s one of the best cities in the entire world,” Miami developer Robert Rivani recently told Fortune. “It’s just a great place to live. It’s a great political landscape for people who want to expand, raise families, and that leads to having great real estate growth. All the big guys [are] moving down here.”

Palm Beach County

Palm Beach County has also become a major wealth hub. Larry Ellison made a 16-acre Manalapan estate his primary residence, about 10 miles from Mar-a-Lago. Griffin has also poured about $450 million into a waterfront compound in the county. Meanwhile, Citadel, BlackRock, and Goldman Sachs all have expanded there, earning the area its “Wall Street South” nickname. 

The wealth has piled up fast. Between 2014 and 2024, West Palm Beach and Palm Beach saw their millionaire population jump 112%, which is the fourth-fastest growth of any city in the world, according to Henley & Partners. The Business Development Board of Palm Beach County counts roughly 60 billionaires countywide.

Naples

Naples, long a popular retirement destination, also continues to attract vast amounts of wealth. It attracts what’s seen as passive wealth, or retirees and heirs who prioritize golf, privacy, and beaches. Forbes, which in June called Naples the place “where America’s new ‘old money’ hides,” notes it’s frequently cited as having one of the highest concentrations of millionaires per capita in the country. 

Several billionaires also live in Naples and nearby Marco Island, including Jacksonville Jaguars owner Shahid Khan, who is worth about $13.3 billion. Two of the six priciest neighborhoods in America by price per square foot—Port Royal and Aqualane Shores— also sit in Naples.

This story was originally featured on Fortune.com

This post was originally published here. 

Shayetet 13 Navy SEALs carried out an operation near Hebron in the West Bank overnight on Tuesday night, Israeli media reported on Wednesday. 

The details of the operation were not made public, but the IDF noted that there had been increased terror activity stemming from the area of operation.

One such incident included the snatching of an IDF soldier’s weapon during a confrontation between Israeli civilians and Palestinians near Susiya.

Vehicle-based attacks have also been recorded in the area, Maariv noted.

This is a developing story.

This post was originally published on here. 

Neta Heiman Mina, whose elderly mother, Ditza Heiman, was taken hostage by Hamas terrorists on October 7, 2023, and held prisoner in Gaza for nearly two months, spoke on Tuesday at the 63rd Session of the UN Human Rights Council in Geneva, Switzerland, during a panel on human rights education, confronting the UN over its continued funding of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) despite its ties to Hamas.

UNRWA was founded in 1949 and operates in the West Bank and Gaza Strip, providing humanitarian aid and education for Palestinians.

Tuesday’s panel, held to mark the anniversary of the United Nations Declaration on Human Rights Education and Training, included UN ambassadors and representatives from various member states as well as representatives from human rights and UN-affiliated organizations.

For 48 days of her 53-day-long captivity, her mother – aged 84 at the time of capture – was held hostage by an UNRWA teacher, Mina said in her 90-second statement on behalf of both the Geneva-based UN Watch and international NGO Ingénieurs du Monde.

‘My mother wasn’t the only one’

“An UNRWA teacher, Abed, kept [Heiman] trapped in his attic in terrible conditions with very little food,” Mina said. “I ask the United Nations: how could you place the education of Gaza’s next generation with someone involved in holding an elderly woman hostage?”

Neta Heiman Mina, whose mother was held hostage in Gaza for nearly 2 months, speaks to a UN human rights panel on September 15, 2026 (CREDIT: COURTESY).

“My mother wasn’t the only one,” Mina continued. “We know of other UNRWA employees connected to the massacre and kidnappings of October 7th. Why did UNRWA allow Suhail al-Hindi to be in charge of 8,000 teachers in Gaza while he was a member of Hamas?”

In a written press statement, UN Watch noted that the United Nations Declaration on Human Rights Education and Training explicitly states that human rights education should “contribute to the prevention of human rights violations and abuses and to the combating and eradication of all forms of discrimination, racism, stereotyping and incitement to hatred, and the harmful attitudes and prejudices that underlie them.”

UNRWA overstated progress on institutional changes, preserved terrorism issues

Mina’s statement came on the heels of a scathing report published by UN Watch on Monday, which claimed that UNRWA has substantially overstated its progress on institutional changes, substituting administrative paperwork for actual reform while underlying issues involving terrorism and incitement remain unaddressed.

The investigation, titled the “Report Card on UNRWA Reform,” analyzed the agency’s implementation of 50 recommendations issued by an independent review group led by former French Foreign Minister Catherine Colonna.
 
The Colonna review was originally commissioned by UN Secretary-General António Guterres in early 2024 to restore donor confidence after devastating revelations surfaced that UNRWA employees had participated in the October 7 massacre, which led 17 donor states to temporarily suspend $450 million in funding.

While UNRWA now says it has successfully completed 41 of the 50 recommended reforms, the UN Watch analysis concludes that this figure is misleading, noting that, at most, only 13 recommendations have been fulfilled as prescribed.
 
“UNRWA has graded its own homework and awarded itself high marks,” UN Watch Executive Director Hillel Neuer said. “But issuing a policy is not the same as enforcing it. Drafting a plan is not the same as implementing it, and closing a recommendation does not mean that the underlying problem has been solved.”

Alex Carson contributed to this report.

This post was originally published on here. 

Yemen’s Houthis claimed to have downed an F-15 fighter jet belonging to the Royal Saudi Air Force over Yemen’s Marib Governorate, the terror group’s military spokesperson Yahya Saree claimed on Wednesday.

“The fighter jet was downed using a locally manufactured surface-to-air missile (SAM),” Saree claimed.

Saree did not specify when the alleged incident occured, but opened his statement claiming that RSAF jets had conducted “over 450 airstrikes” so far this week.

The spokesperson also claimed that the Iran-backed group was able to repel two formations of RSAF F-15s and Typhoon fighter jets searching for the alleged wreckage using the same locally manufactured SAMs.

Saree also denied that the terror group targeted Mecca in a drone strike.

 Houthi spokesperson Yahya Saree speaks on the ballistic missile launched at Israel, September 15, 2024 (credit: SCREENSHOT/X)

Houthis deny posing threat to Mecca, Medina

“The fabrications and lies…cannot deceive anyone,” he said, adding that “there is no threat whatsoever from Yemen to the holy sites [Mecca and Medina].”

“Our operations target their oil facilities and military bases, and are far removed from the holy places,” he claimed.

Saree’s statements on Mecca refer to an incident where the Saudi-led coalition in Yemen said on Wednesday that Saudi Arabia’s air defenses intercepted and destroyed a drone launched by the Houthis on Tuesday, before it entered prohibited airspace over the holy city of Mecca.

Coalition spokesperson Turki al-Malki said in a statement that it was the second Houthi attempt to target Mecca, Islam’s holiest city and the focal point of the annual hajj pilgrimage, following what the coalition said was a ballistic missile launch in July 2017.

Jerusalem Post Staff contributed to this report.

This post was originally published on here. 

If the Federal Reserve raises interest rates by a quarter percentage point Wednesday, the effect will begin reaching American wallets almost immediately — especially anyone carrying credit-card debt, using a home-equity line or taking out a new loan.

The Fed is scheduled to announce its decision at 2 p.m. Eastern time Wednesday after its September 15–16 meeting. Financial markets are pricing in a roughly 90% chance of a quarter-point increase, which would be the first Fed rate hike in more than three years.

The expected move would take the Fed’s target rate to 3.75% to 4%.

Here is what that actually means for your money.

Credit cards are where many households will feel it first.

Most credit cards have variable interest rates tied indirectly to the Fed’s benchmark rate. When the Fed raises rates, banks can increase their prime rate quickly, and credit-card APRs generally follow.

A quarter-point increase may not look dramatic by itself.

On a $10,000 balance, an additional 0.25 percentage point equals roughly $25 more interest a year if the balance remained unchanged.

But that misses the bigger problem. A Fed hike Wednesday could be the beginning of another tightening cycle rather than a one-time move. Economists surveyed by Reuters increasingly expect additional increases if inflation remains stubborn, while some major banks are already forecasting another hike later this year.

Several quarter-point increases start adding up fast for households carrying large balances.

Your existing fixed mortgage does not suddenly become more expensive.

If you have a 30-year fixed-rate mortgage, Wednesday’s Fed decision does not change the rate or monthly principal-and-interest payment written into your loan.

Someone paying 3%, 4% or 6% keeps that rate.

The pain is for the next buyer.

Mortgage rates are not set directly by the Federal Reserve. They move heavily with longer-term bond yields and investors’ expectations for inflation and future interest rates. The 10-year Treasury yield has already pushed above 5% as markets prepared for tighter monetary policy.

That can make financing a house more expensive even before the Fed officially acts.

On a $500,000, 30-year mortgage, a one-percentage-point increase in the mortgage rate can mean roughly $300 more a month in principal and interest.

That changes what families can afford — and can force buyers toward smaller homes or larger down payments.

Home-equity lines can get more expensive much faster.

Unlike most mortgages, HELOCs commonly carry variable rates.

If your HELOC rate moves higher with the prime rate, a Fed increase can flow through to your monthly interest cost relatively quickly.

For homeowners who have been using home equity to renovate, finance a business or consolidate other debt, another cycle of rising rates matters.

Buying a car could also cost more.

Existing fixed-rate auto loans generally stay unchanged.

New borrowers may face higher financing rates as banks and other lenders adjust their cost of money.

Again, one quarter-point by itself is unlikely to transform a car payment. Multiple hikes would.

And because vehicle prices remain high, even relatively small changes in borrowing costs become more noticeable when spread across a $40,000 or $50,000 loan.

Businesses will feel the same squeeze — and consumers can eventually pay for it.

A small business carrying a $1 million variable-rate credit line would pay roughly another $2,500 a year in interest for every quarter-point increase, assuming the full balance remained outstanding and the rate moved with the Fed.

Four quarter-point increases would translate into roughly $10,000 more annually.

Businesses then have choices: absorb the expense, postpone expansion, hire fewer people or try to raise prices.

That is why the Fed rate does not remain confined to Wall Street.

It eventually reaches restaurants financing equipment, developers financing buildings, retailers carrying inventory and manufacturers borrowing to expand.

There is one group that could benefit: savers.

Higher Fed rates can push yields upward on savings accounts, money-market accounts and certificates of deposit.

But banks do not necessarily pass the increase along immediately.

The Consumer Financial Protection Bureau has previously warned that banks can be quicker to increase what they charge borrowers than what they pay depositors.

That means consumers with substantial cash should watch their bank’s yield rather than assuming it automatically becomes more competitive after a Fed increase.

The reason the Fed is considering making borrowing more expensive is inflation.

Recent inflation reports have come in hotter than expected, energy costs have climbed, and producer prices rose 5.4% from a year earlier in August. The Fed uses higher interest rates to cool borrowing and spending when it believes prices are rising too quickly.

That leaves consumers facing an uncomfortable tradeoff.

Higher rates are designed to slow inflation eventually.

But getting there means borrowing money becomes more expensive first.

For households, the most important question Wednesday will therefore not simply be whether the Fed raises rates by 0.25 percentage point.

It will be what Fed officials say about the next meeting — because one hike changes a few dollars.

A new cycle of hikes can change a household budget.

JBizNews Desk | Washington

© JBizNews.com. All rights reserved. This article is original reporting by JBizNews Desk. Unauthorized reproduction or redistribution is strictly prohibited.

The United States and China are discussing cutting tariffs on tens of billions of dollars of each other’s goods, a potentially meaningful step toward easing the trade costs that businesses and consumers on both sides have been paying.

The talks are focused on roughly $30 billion of goods from each country, with officials looking primarily at products considered less sensitive to national security. China’s Commerce Ministry said last week that both sides were working toward reciprocal tariff reductions and hoped to reach an agreement soon.

The timing matters. President Donald Trump and Chinese President Xi Jinping are preparing for a possible September 24 meeting in Washington, and economic officials are trying to make progress before the two leaders sit down.

Treasury Secretary Scott Bessent is expected to meet Chinese Vice Premier He Lifeng this weekend as Washington and Beijing continue broader economic discussions. China has not yet formally confirmed the September 24 Trump-Xi meeting.

For American companies, even limited tariff reductions could remove costs that have become embedded in supply chains.

A 10% tariff on a $100,000 shipment adds $10,000 before transportation, warehousing and other expenses are counted. Companies can absorb that cost, demand lower prices from suppliers or pass some of it to customers. Most eventually use some combination of all three.

That is why tariff reductions that appear small on paper can matter to importers dealing with millions of dollars of merchandise each year.

The discussions are not expected to eliminate the broader U.S.-China trade barriers built up over years of disputes involving technology, manufacturing, national security and market access. Instead, negotiators appear to be targeting areas where both governments believe tariffs can be lowered without reopening their biggest political and strategic disagreements.

Agriculture is another important part of the relationship.

China purchased roughly 1 million metric tons of U.S. soybeans in recent days, according to traders cited by Reuters, adding to Chinese purchases ahead of the expected leaders’ meeting. American farmers have long been among the industries most directly affected when trade tensions rise or Chinese buying slows.

Lower tariffs could make additional U.S. agricultural products more competitive in China, while reductions on Chinese goods entering the United States could reduce costs for American companies that still depend on Chinese factories and components.

But the economic relationship has changed significantly from the first major U.S.-China tariff battles.

Companies have spent years shifting portions of their supply chains to Vietnam, India, Mexico and other countries to reduce reliance on China. Beijing has also worked to expand trade with markets outside the United States.

That means a $30 billion tariff agreement would not suddenly return U.S.-China commerce to where it was before the trade war.

It could, however, signal something businesses value almost as much as lower tariffs: stability.

Companies making manufacturing, inventory and investment decisions need to know whether tariffs are likely to rise, fall or remain in place. Sudden changes can leave goods sitting at ports with unexpected costs or force businesses to rewrite contracts with suppliers.

A limited agreement would therefore matter beyond the specific products receiving tariff relief.

Washington and Beijing are also discussing far larger issues, including technology restrictions, artificial intelligence, critical minerals and China’s economic relationship with Iran. Those disputes make a sweeping trade settlement significantly more difficult.

The tariff negotiations nevertheless show that both governments are looking for areas where economic tensions can be reduced without resolving every disagreement between the world’s two largest economies.

The next important test comes this weekend when Bessent and He meet.

If negotiators can finalize tariff reductions before Trump and Xi meet, businesses could get something they have rarely received during years of U.S.-China trade disputes: an actual reduction in the cost of moving goods between the two countries.

For importers, exporters and manufacturers, the details will matter most — which products are covered, how large the reductions are and when they take effect.

Those are the numbers businesses will be watching next.

JBizNews Desk | Washington

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A car crashed into a private residence on Wednesday in Hadera, central Israel, police announced.

The incident occurred when an 80-year-old driver lost control of her vehicle and crashed into the residence; it was not part of an attempted car ramming attack, Walla learned.

The vehicle’s driver was lightly injured, and no other injuries have been reported at the time of writing.

This is a developing story.

This post was originally published on here. 

Anthropic is opening an office in Singapore—its first in Southeast Asia—planting its flag in a market that’s quickly becoming a new battleground for the U.S.’s top AI firms.

On Sept. 16, Anthropic announced its expansion to Singapore, making the Southeast Asian city its fifth location in Asia-Pacific, following hubs in Tokyo, Seoul, Bengalaru and Sydney. The Singapore office will open in October.

“As we grow across Asia-Pacific, opening an office in Singapore—where Claude usage per capita is among the highest in the world—is a natural next step,” Chris Ciauri, Anthropic’s international managing director, said in a press release on Sept 16. 

According to Anthropic data, Singapore was ranked second out of 121 countries in Claude usage, behind Australia.

Anthropic’s regional expansion will be led by Dale Finlay, who joins the Claude developer after just six months as OpenAI’s regional go-to-market head. “From working with customers across Southeast Asia, I’ve seen that ambition isn’t the blocker to AI adoption—trust is,” Finlay said in Anthropic’s press release. “Once that trust exists, the real work is embedding AI into how the business actually operates.”

By expanding to Southeast Asia, Anthropic is catching up to its rival OpenAI, which opened its Asia headquarters in Singapore in late 2024. Just last month, the Business Times reported that OpenAI was planning to lease 100,000 square feet of new office space in Singapore. OpenAI also just hired Sandya Devanathan, Meta’s head for South Asia, as its new ASEAN and Australia head.

Increasingly crowded

Singapore has long served as a “port of entry” to Southeast Asia, thanks to its stable political environment and business-friendly policies. The same has been true of AI: Companies like Cognition and Sierra have picked Singapore as their ASEAN or Asia headquarters.

Singapore has hopes of becoming an “AI nation,” with the country committing over $1 billion Singapore dollars (over $770 million) to strengthen public AI capabilities.

San Francisco-headquartered Plaud, which manufactures AI-powered note-takers, also opened its regional headquarters in Singapore on Sept 16. The office will serve as Plaud’s “base of operations” across twelve Asia-Pacific markets, including India, Malaysia, New Zealand, Australia, South Korea, Thailand and Vietnam.

“We started in Singapore with a very modest idea that we should start building a data engineering team,” said Nathan Xu, Plaud’s CEO and co-founder, at the company’s office launch event. “In about nine months, we grew the team from 10 people to about 100.” The firm also announced that it would be investing $20 million Singapore dollars, or $15.7 million, to accelerate engineering and product development in the country.

“Asia is one of the hardest places in the world to build AI that understands context and intent because people switch seamlessly between languages, dialects and contexts,” Xu said in a Sept 16 press release. “If we can make AI feel natural here, we can make it feel natural anywhere in the world.”

This story was originally featured on Fortune.com

This post was originally published here. 

A Pentagon Inspector General report mandated by the US Congress released on Monday said that Iranian strikes against the US during the ongoing war “damaged and destroyed hundreds of buildings and structures at US bases in Kuwait, Bahrain, Qatar, UAE, Saudi Arabia, Iraq, Oman, and Jordan.”

The report reveals that, simply totaling up munitions and equipment losses, the US has lost over $33.4 billion from the war, numbers which US President Donald Trump and US Secretary of Defense Pete Hegseth have tried to deny or keep under wraps for months.

In addition, while the report does not specifically finger former CENTCOM chief Gen. Erik Kurilla, who served from 2022 to August 2025, or current CENTCOM chief Adm. Brad Cooper, who has served since then, Kurilla’s predecessor, Gen. Frank McKenzie, in 2024 warned that “the United States will not be able to maintain these bases in a full-throated conflict, because they will be rendered unusable by sustained Iranian attack.”

It appears that neither of his successors nor the US military or political class in general took these worries seriously enough to alter America’s basing strategy, though officials did evacuate most American forces from the region, avoiding mass casualties.

In fact, the report said that the war had displaced over 20,000 US military and diplomatic personnel with 5,000 flights from bases in Europe, despite Trump’s complaints that Europeans failed to support America during the war.

An MH-60S Sea Hawk prepares to land on the flight deck of the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln which is supporting US military operations in the war with Iran, August 14, 2026.  (credit: US NAVY/HANDOUT VIA REUTERS)

The US-Iran conflict also caused a munitions shortfall and supply-chain bottlenecks at the Pentagon, the US Defense Department’s Inspector-General said, poking another hole in claims by Trump and Hegseth that the American military’s munitions capabilities have not been sidelined by the war.

War with Iran cost Pentagon approx $33.4 billion

The report says the war with Iran has cost the US about $33.4 billion, including $22.3 billion in expended munitions, $3.7 billion for equipment losses, and $7.4 billion in other expenditures.

However, the calculations don’t account for repairing damaged US facilities in the region, replacing aircraft, and replenishing critical weaponry, it added.

The Pentagon is “working to streamline procurement processes and production lead times, and to stockpile critical materials, components, and selected munitions to respond rapidly to a contingency,” with the Trump administration working to replenish weaponry.

According to the report, the CIA has lost significant facilities due to Iranian attacks.

Some reports suggest that this has been the largest blow to CIA operations in the region in many years, with unpredictable consequences for how effective American intelligence will be in certain areas for the near future.

The State Department also sustained damage in Iraq, Kuwait, Saudi Arabia, and the United Arab Emirates, according to the report, including $184 million in damages to “diplomatic facilities.”

The report covers the period from the start of the war on February 28 through June 30.

The findings come amid other reports of low morale among US troops in the Middle East, a depletion of key munitions, and extensive damage to US military and intelligence assets.

The report is also one of the first government confirmations that Iran targeted the US Navy’s logistics hub in Bahrain, one of its main hubs in the region, with drones and ballistic missiles.

Pentagon’s inspector-general delineated what damage was caused

Damage to military equipment, aircraft, and other material is also delineated in the report.

The findings say that at least 30 large US drones were destroyed during the war.

Damage to military aircraft includes four F-15E jet fighters, an F-35A Joint Strike Fighter, an A-10 Warthog, 12 KC-135 refuelers, and nine other aircraft.

Speaking about the harm to the US bases on June 29 at a Jewish Institute for National Security of America briefing, McKenzie said that, “US basing in the Middle East…is a product of many years of development and different priorities when those bases went in…when CENTCOM was first stood up … we were really looking at ways to prevent the Russians from coming south into the oil fields, and so our strategic thinking over that period of time reflected that.”

He then discussed basing strategy being directed toward threats in Iraq and Afghanistan, but then added that today, “No one in their right mind would ever put the CENTCOM forward headquarters, you know, 100 miles away from Iran.”

“Yet that’s where it is, because when we put it in place many years ago…we were thinking about other things, and not the growing threat from Iran. … It’s bad to be close to your potential enemy, because he has the ability to strike you very quickly, and a couple of minutes is all the warning time you’re going to get for some of these bases,” he continued.

Further, he said, “Iranian drones have been very effective. We knew that they were coming when I left active duty, and in ’22 we certainly saw the threat of drones in the region. I said in testimony before I retired that I felt we had lost effective air supremacy and even air superiority to some degree in Central Command, because of the ubiquity of drones.”

“We need to look at basing in Israel. I think it’s a great idea. You need to look at basing [in] western Saudi Arabia. You might need to look at Oman. You need to continue to look at Jordan. You might talk to Egypt. But with all of these countries, one thing that’s significant is they all will have access, basing, and overflight (ABO) issues. They’re going to want to have a say in where those jets go when they take off…Obviously, Israel is the place where you’re going to have the fewest ABO restrictions …Israeli bases are [also] going to be very well defended against ballistic missiles and against drones,” he said.

Moreover, McKenzie stated, “If you can see it, you can strike it. Things like that beautiful CENTCOM command post at Al Udeid [Air Base in Qatar] is a Maginot Line. It has the same relevance to warfare today as the Maginot Line did in the Second World War: a monument to old thinking. We need to be able to move. We need to be able to [use deception] about where our locations are, and that’s going to require not only significant electromagnetic emanation management, it’s going to require an understanding of what’s in space.”

At the time of writing, neither the Pentagon, CENTCOM, nor the CIA had responded to requests for comment.

This post was originally published on here.