Author name: yasir

Hamas leader Ismail Haniyeh killed in Israeli airstrike in Tehran

 The Palestinian resistance group Hamas announced early Wednesday that its political bureau chief Ismail Haniyeh was killed in an Israeli airstrike targeting his residence in the Iranian capital Tehran. “Hamas mourns to our great Palestinian people, to the Arab and Islamic nations, and to all the free people of the world, the martyr, the Mujahid Ismail Haniyeh, the head of the movement, who was killed in a treacherous Zionist raid on his residence in Tehran after participating in the inauguration ceremony of the new Iranian president,” it said in a statement on Telegram. Iranian state television also reported Haniyeh’s death, noting that an investigation into the assassination is ongoing and that the results will be announced soon. No immediate announcement has been made by Israel on the incident.

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Life on earth might have started earlier

Life on Earth may have started 1.5 billion years earlier than previously thought, according to new evidence discovered by a group of scientists. According to a report by the BBC, researchers working in Franceville, Gabon have discovered evidence in rocks that indicate the environmental conditions for possible life forms existing 2.1 billion years ago. But scientists noted that the findings of these potential life forms were limited to an inland sea, did not spread globally, and eventually died out. This theory challenges the prevailing view among scientists, who generally estimate that animal life began around 635 million years ago. The new research contributes to an ongoing debate over whether so-far unexplained formations found in Franceville, Gabon are actually fossils or not. The scientists examined the rock around the formations for evidence of nutrients such as oxygen and phosphorus that could have sustained life. Prof. Ernest Chi Fru from Cardiff University was involved in the research team and told BBC News that if the theory is accurate, these life forms would be similar to slime mold, a brainless single-cell organism that reproduces with spores. However, not all scientists are convinced. University College London Professor Graham Shields, who was not involved in the study, is a sceptic of the theory. “I’m not against the idea that there were higher nutrient levels 2.1 billion years ago, but I’m not convinced this would have led to complex life,” he said, calling for more evidence to support the claim. Chi Fru argued that his research provides insight into the processes that create life on Earth. “We’re saying, look, there’s fossils here, there’s oxygen. It’s stimulated the appearance of the first complex living organisms,” Fru said. “We see the same process as in the Cambrian period 635 million years ago. It helps back that up. It helps us understand ultimately where we have all come from.” The initial hint of earlier complex life emerged a decade ago with the discovery of the Francevillian formation. Prof. Fru and his colleagues said the formation contained fossils indicating evidence of life capable of self-movement and wiggling. But the findings were not accepted by all scientists. To further their investigation, Chi Fru and his team analyzed sediment cores from the rock in Gabon, revealing that the chemistry of the rock is indicative of a “laboratory” for life formed just before the formation appeared. Scientists believe that high levels of oxygen and phosphorus resulted from volcanic activity triggered by the collision of continental plates underwater, which created a nutrient-rich shallow inland sea. Chi Fru also said that this protected environment created ideal conditions for photosynthesis, resulting in significant oxygen levels in the water. “This would have provided sufficient energy to promote increases in body size and greater complex behavior observed in primitive, simple animal-like life forms such as those found in the fossils from this period.” Fru also noted that the isolated environment also led to the demise of the life forms due to a lack of new nutrients to sustain the food supply.

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Turkey rescues 25 irregular migrants in Aegean Sea

The Turkish Coast Guard said Monday that it rescued 25 irregular migrants in the Aegean Sea off the coast of Marmaris district in Turkey’s southwestern Mugla province. The irregular migrants were pushed back into Turkish territorial waters by Greek coastal authorities, said the Coast Guard Command. The migrants were handed over to the Provincial Directorate of Migration Management after processing. Turkey has repeatedly condemned Greece’s illegal practice of pushing back asylum seekers, saying it violates humanitarian values and international law by endangering the lives of vulnerable migrants, including women and children. Turkey has been a key transit point for asylum seekers aiming to cross into Europe to start new lives, especially those fleeing war and persecution.

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Ethiopia clinches deal with IMF for $3.4B in financing

Ethiopia has secured an agreement with the International Monetary Fund (IMF) for a new financing program valued around $3.4 billion, the IMF announced Monday. The new four-year loan program will help support the country’s economic reform agenda. The approval of the loan agreement allows for the immediate disbursement of around $1 billion, the IMF said in a statement. The agreement follows extensive talks between Ethiopia and the IMF to secure more funding and restructure the country’s debt. As part of the discussions, Ethiopia has taken significant steps, such as the central bank allowing the country’s currency to float, which has led to a 30% devaluation of the Ethiopian birr against the US dollar. “The recent measures to decisively tackle macroeconomic imbalances, including moving to a market-determined exchange rate, removing current account restrictions, and modernizing the monetary policy framework to control inflation are critical steps forward,” the IMF said in a statement. In return for these measures, Ethiopia is expected to receive a $10.7 billion loan package from the IMF, the World Bank, and other creditors.

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Mozambique set to receive $1.9B after ‘Tuna Bond’ ruling

Mozambique expects to recoup around $1.9 billion as a result of a substantial court victory in the “tuna bond” scandal case tried in a London court, the southern African country’s attorney general said Monday. The revelation was made after London’s High Court “substantially” ruled in favor of Mozambique against Emirati-Lebanese shipbuilder Privinvest on Monday in connection with the alleged payment of bribes in one of Africa’s biggest graft scandals. A statement issued by the Attorney General’s Office said the $1.9 billion figure reflects the amounts that the state has already paid under the guarantees, including principal, interest and fees of the Eurobonds. It added that the attorney general would also take steps to pursue the reimbursement of all legal costs resulting from the case. “The Attorney General’s Office will continue within the scope of its constitutional and legal powers to work with other actors in society, both inside and outside the country, to eradicate corruption and all organized and transnational crime, holding those involved accountable,” the statement said. Mozambique sued Privinvest and its late owner Iskandar Safa on allegations of paying bribes to its government officials and Credit Suisse bankers. The suit alleged that more than $136 million was paid to secure favorable terms on three projects in 2013 and 2014, including one designed to exploit the country’s tuna-rich coastal waters. In his ruling, Judge Robin Knowles said Mozambique is “entitled as against Mr. Safa and the Privinvest companies” to payment of more than $825 million in damages. In addition, Mozambique is entitled to an indemnity in respect of payments of around $1.5 billion that it is meant to pay, including about $1.4 billion it is liable to pay to bondholders until 2031, according to the ruling. The court found that Privinvest had bribed Manuel Chang, a former finance minister, to approve loans. Privinvest and Safa, however, denied the charges during the beginning of the trial last year, arguing that any payments were lawful. The respondents through their lawyers claimed the case was politically motivated to shift blame from Mozambican President Filipe Nyusi and other senior officials. The scandal occurred after three newly state-owned companies in 2013 and 2014 reportedly acquired more than $2 billion in loans from international banks with the Mozambican government as guarantor – most of it taken without the approval of the country’s parliament. An independent audit in 2017 revealed that $500 million of the money went missing under unclear circumstances. Following the scandal, donors including the International Monetary Fund (IMF) cut funding to the country, triggering an economic crisis amid a surge in inflation and currency collapse after the government admitted to the borrowing. The money was reportedly used to purchase a large tuna factory and a maritime security fleet but also used to fund other deals involving public-private companies. In 2022, a court in Mozambique handed a 12-year jail term to the son of former President Armando Guebuza after finding him guilty in the scandal. Armando Ndambi Guebuza was convicted of embezzlement, money laundering and criminal association in the case, which defrauded the government of more than $2.7 billion.

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Tanzania vice president Kinana resigns from office

Tanzania’s Vice President Abdulrahman Kinana has resigned from his position. The ruling Chama Cha Mapinduzi (CCM) party released a written statement confirming Kinana’s resignation. The statement also noted that President Samia Suluhu Hassan asked Kinana to continue in his role following his resignation, but Kinana remained adamant about stepping down. Kinana had been serving as Vice President since April 2022. In related news, on July 22, President Hassan had removed Foreign Minister January Makamba and Minister of Information, Communication, and Information Technology Nape Nnauye from their posts as part of a cabinet reshuffle.

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Zuma expelled from ANC amid criticism

Despite publicly denouncing the ANC and leading the MK to a third-place finish in the parliamentary elections, former president Jacob Zuma maintained that he remained a member of the ANC. However, the party formalized his expulsion on Monday. ANC Secretary General Fikile Mbalula criticized Zuma’s stance, questioning the rationale behind his continued claim to ANC membership after deliberately choosing to leave the party. “We are puzzled by your insistence on retaining membership in a party you’ve clearly decided to abandon. Your actions have compromised the ANC’s integrity,” Mbalula stated at a press conference. “You’ve played a significant role in our decline below the 50% threshold, and we’re now dealing with the fallout from your actions.” Zuma, who joined the ANC Youth League in 1959 and eventually rose to become the party leader, had maintained substantial political influence even after leaving office. Mbalula emphasized the party’s commitment to discipline, noting, “Regardless of rank, if someone violates the rules and constitution, we have a duty to enforce discipline. It’s unprecedented for a former president to face such disciplinary action, but it’s necessary.” In response to the expulsion, Zuma’s MK Party condemned the decision and accused the ANC’s disciplinary committee of operating as a “kangaroo court.” They claimed that neither Zuma nor his representative had been properly notified of the ruling, which they argue violates the ANC’s constitution. The ANC had initially suspended Zuma’s membership in January.

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Wagner paramilitary group admits losses in ‘fierce battles’ in Mali

Wagner paramilitary group on Monday conceded in a rare statement that its troops and Malian forces took losses during “fierce battles” with rebels and al-Qaeda in Mali. The statement released on Telegram said that the paramilitary group and servicemen of the Malian Armed Forces (FAM) fought “fierce battles” with Tuareg rebels and al-Qaeda on July 22-27 near the border commune of Tinzaouaten in northeastern Mali. It said the Wagner detachment in the area was commanded by Sergey Shevchenko, saying that his call sign was “Pond.” On the first day, Pond’s group destroyed most of the al-Qaeda terrorists and put the rest to fight, the statement said, adding: “However, the onset of a sandstorm allowed the radicals to regroup and increase their numbers to 1,000 people.” The statement further said that rebels attacked Wagner forces again on July 25, but that this attack was repelled together with Malian military personnel. “Over the next two days, the radicals increased the number of massive attacks, using heavy weapons, drones and suicide vehicles, which resulted in losses on the part of Wagner and FAM soldiers,” it added. The statement went on to say that the last message sent by the group commanded Pond was received on July 27, adding that he was killed. On Sunday, the Coordination of Azawad Movements (CMA) claimed it won a major victory over the Malian army and Wagner forces near Tinzaouaten, located on the country’s border with Algeria. Mali has been fighting an insurgency linked to al-Qaeda and Daesh/ISIS since 2012 when unrest erupted in the north of the country. In 2015, the government signed a peace agreement with several rebel groups in a bid to curb the violence. But last August, fighting erupted between the separatists and the Mali government troops after eight years of lull, as the UN peacekeepers began to withdraw from the West African country. There were also global and regional concerns over developments in Mali as a military coup overthrew the civilian government in 2020.

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Libya: 12 officials sentenced for deadly flooding

On Sunday, a Libyan court sentenced 12 current and former officials to prison terms of up to 27 years for their role in last year’s deadly dam collapse near Derna. The collapse, triggered by Storm Daniel on September 11, sent a massive wall of water through the city, resulting in thousands of deaths. The Derna Criminal Court found the officials guilty of mismanagement, negligence, and errors contributing to the disaster. The prison sentences ranged from nine to 27 years, with three defendants also ordered to return illicit gains. Four others were acquitted. The verdict can be appealed to a higher court. Since the 2011 uprising that ousted dictator Moammar Gadhafi, Libya has been in turmoil, with competing governments and armed groups controlling different regions. The dams, built in the 1970s, had been neglected for decades despite warnings and allocated funds for maintenance. The flood severely damaged up to one-third of Derna’s infrastructure, with over 4,000 deaths reported by the World Health Organization and the Red Crescent citing up to 11,300 fatalities. The U.N. reported at least 9,000 missing persons.

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Oil up over fears of widening conflict in oil-rich Middle East

Oil prices increased on Monday over fears of a widening conflict in the oil-rich Middle East. International benchmark Brent crude traded at $80.67 per barrel at 09.51 a.m. local time (0651 GMT), an increase of 0.49% from the closing price of $80.28 per barrel in the previous trading session. The American benchmark West Texas Intermediate (WTI) traded at $77.50 per barrel at the same time, a 0.44% rise from the previous session that closed at $77.16 per barrel. Both benchmarks started the week with upward movements following an attack in the Israeli-occupied Golan Heights. Despite cease-fire negotiations, escalating geopolitical tensions in the Middle East, home to a vast majority of global oil reserves, increases supply risk in the markets. On Saturday, a missile attack was carried out on a football field in the town of Majdal Shams in the occupied Golan Heights, killing 12 people. Israel blames Hezbollah for the attack, but the Lebanese group denied playing any role. Fear over a full-blown war between Israel and Hezbollah has grown amid an exchange of cross-border attacks between the two sides. The escalation comes against the backdrop of a deadly Israeli onslaught on Gaza which resulted in the death of more than 39,300 people since last October. Meanwhile, negotiations regarding the cease-fire in Gaza and the exchange of prisoners between Hamas and Israel are currently stalled after the postponement of the Israeli delegation’s visit to next week, which was initially scheduled for Thursday. However, gains were weak as the outlook for crude demand in the world’s largest crude oil importer remained bleak. Prices continue to be depressed by concerns about demand in China as it grapples with a slowing economic recovery. This week, market players will be watching the US Federal Reserve’s (Fed) meetings in a bid to gauge the oil market trajectory. Fed will review its policy on July 30-31. While investors expect the bank to keep rates unchanged, they will also look for further evidence that a rate cut will happen at the September meeting. Experts believe that reducing policy interest rates soon would support economic activity in the country, resulting in higher oil demand.

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