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Hamas response to Trump plan wins hardline support, lifting hostage release hopes

by Lucas Fernandez – World Editor October 4, 2025
written by Lucas Fernandez – World Editor

Hamas Response to Trump Plan⁣ Gains Hardline Support, Dimming Hostage Release⁤ Prospects

GAZA – Hamas on Monday‍ received a boost from hardline factions within gaza, solidifying support for its ​rejection of a proposed hostage release deal⁤ linked to former U.S. President Donald Trump’s vision for a long-term​ ceasefire in the conflict with Israel.⁢ The unified front, signaling a strengthened negotiating position, concurrently casts a shadow over ongoing efforts to secure the release of remaining hostages held in Gaza.

The hardening stance underscores the⁤ complex dynamics at play as mediators struggle to bridge the gap between⁣ Hamas’s demands – including a permanent ceasefire and the withdrawal‍ of​ Israeli forces – and ⁢Israel’s insistence on maintaining security control. While the Trump plan, reportedly offering a phased release of hostages⁢ in exchange for a ceasefire and ‌eventual ⁢Palestinian statehood, ‌initially sparked cautious optimism, the unified rejection‌ signals a potential ⁤impasse, impacting the fate of approximately 130 hostages still believed to be held by Hamas and other militant ⁤groups.

According to sources familiar ⁣with the⁢ negotiations, Hamas leaders convened with representatives from Palestinian⁣ islamic Jihad and⁢ other factions, ‍resulting in a joint statement reaffirming ⁤thier commitment to ⁤the core ⁢demands presented to mediators Qatar, Egypt, and the United ⁢States. “Any agreement that does not guarantee a permanent ceasefire and full withdrawal from Gaza is unacceptable,” a senior⁤ Hamas official ​stated, speaking ⁤on condition of anonymity.

The Trump plan, details⁤ of which have been selectively leaked to media‌ outlets, reportedly envisions a phased approach: the release of ⁣vulnerable hostages – women, children, and the‍ elderly⁣ – followed by the release of male soldiers⁢ in exchange for the release of Palestinian⁤ prisoners held ⁤in Israeli jails. The plan also​ proposes a reconstruction of ⁣Gaza, contingent upon security assurances and‍ a commitment from Hamas to renounce violence.

However, hardliners ⁣within Hamas argue that accepting anything short of a​ complete israeli withdrawal and a guaranteed Palestinian state‍ would constitute a betrayal of the Palestinian cause. This position is further reinforced by the ongoing humanitarian crisis in Gaza, where over 1.7 million Palestinians are displaced and facing severe shortages of ‌food, water, and medical ​supplies, according⁢ to UN agencies.

Nidal al-Mughrabi, a senior correspondent with nearly 25 years covering the‍ Palestinian-Israeli conflict, noted that the current situation reflects a deeply entrenched cycle of⁣ violence and mistrust. “The history of this conflict is littered with failed peace initiatives,” Mughrabi said. “The hardline stance from ⁢Hamas, while complicating hostage negotiations, is also a reflection of the deep-seated​ grievances ⁣and frustrations felt by Palestinians.”

The⁤ rejection of ​the Trump plan raises serious ⁣questions about the future of negotiations‌ and the prospects for a‌ lasting resolution to the conflict. Mediators are ⁤expected to continue their efforts to⁣ find ​common ground, but the strengthened position of hamas and its allies suggests that a breakthrough will require significant concessions from both sides. The fate ‍of the remaining hostages hangs in ‌the balance, as the ‌window for a negotiated resolution appears ​to⁤ be narrowing.

October 4, 2025 0 comments
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World

Nationalist Sanae Takaichi set to be Japan’s first female premier

by Lucas Fernandez – World Editor October 4, 2025
written by Lucas Fernandez – World Editor

Nationalist Sanae Takaichi is poised to⁣ become Japan‘s first female prime minister after winning the ‍first round of the Liberal democratic Party (LDP) leadership ⁣election on⁢ Wednesday, September 29, 2021. ⁤Takaichi, a conservative known for her right-wing views and⁣ close ties to the Unification Church, secured a run-off against vaccination⁣ minister Taro Kono.‌ The winner of the September 29 vote will almost certainly become the next prime minister‌ due ⁣to the LDP’s majority in the lower house of parliament.

Takaichi’s potential premiership marks a meaningful shift for ‌Japan, a nation lagging behind other developed countries in female political depiction. Her victory comes as Japan grapples with an aging population, economic stagnation, and growing ‌security concerns in the region. The outcome of the LDP leadership race will shape Japan’s economic ‍policies, its approach to social issues, and its foreign policy direction, particularly regarding relations ⁢with China and the United States.

The first round saw Takaichi garner ⁣86​ votes, exceeding expectations and forcing a head-to-head contest with Kono, who received 65 votes. Former ⁣foreign minister Fumio Kishida was eliminated after ⁣securing 56 votes. The final vote, including ballots​ from LDP members and local party officials,​ is ‌scheduled for September 29.

takaichi has campaigned on a platform of⁤ economic revitalization through deregulation and a revision ⁤of the pacifist constitution, a long-held goal of the LDP’s conservative wing. She has also expressed a desire to strengthen Japan’s defence capabilities and deepen⁢ its alliance with the United States.

“I want to create a Japan where women can⁢ shine,” Takaichi said during a recent campaign speech, emphasizing‌ her⁤ commitment ⁤to​ addressing gender inequality. However, her ties to the Unification Church have drawn criticism ⁣from opponents and raised concerns​ about potential conflicts of interest.

October 4, 2025 0 comments
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World

China Banks Fund Saudi Gas Project as State Funds Pass Up Opportunity

by Lucas Fernandez – World Editor October 3, 2025
written by Lucas Fernandez – World Editor

BEIJING, Oct 26 – Chinese state-owned banks are financing a multi-billion dollar Saudi Arabian gas project despite the country’s sovereign wealth fund opting out of a related deal led by BlackRock, according ‍to three sources with direct knowledge of the matter. The project, known as the jafurah basin development, is⁣ Saudi Aramco’s ⁢largest ⁣natural gas field and is crucial to the​ Kingdom’s plans to boost gas production and reduce reliance on oil.

While Saudi Arabia’s Public Investment Fund (PIF) ​participated in a $15 billion deal with BlackRock to invest in energy infrastructure, it declined to​ invest ‍directly ⁣in Jafurah, sources said. This decision created space for Chinese banks, including Industrial and Commercial‌ Bank‍ of China (ICBC) and Bank of ‍China, to step in and provide substantial loans for the project’s development. the move highlights China’s growing economic influence in the Middle East ​and its strategic interest in securing energy supplies.

the Jafurah basin, discovered in ⁢2019, holds an estimated 200 trillion cubic ⁢feet of natural gas.⁢ Saudi Aramco aims ​to produce⁢ 2.4 billion cubic feet per day of gas from the field by 2030, a⁢ significant ‍increase ‌from current levels. The project involves ‌the development ​of a massive gas processing plant and extensive pipeline ⁤infrastructure.

The Chinese banks’ involvement comes as Saudi Arabia seeks to diversify its partnerships beyond ⁣conventional western investors. The Kingdom ⁢is increasingly looking‍ to Asia, particularly China, as a key economic partner. The loans from ICBC and⁤ Bank of China⁣ are reportedly structured ⁤as‍ project finance deals,secured against the future revenues of ⁢the⁣ Jafurah field.

“The PIF’s decision ⁤not to directly invest in Jafurah presented an possibility for Chinese banks to strengthen⁣ thier ties with Saudi ​Aramco and gain ⁢exposure to​ a strategically significant energy project,” said one source.⁢ “This is a clear signal of ‍China’s commitment to the Saudi energy sector.”

the BlackRock-led deal, announced in​ September, focuses on investing in⁤ a broader⁢ range of energy infrastructure projects, including renewable ‌energy and traditional oil and gas. The PIF’s participation in that deal​ reflects its broader⁢ strategy of diversifying its ⁣investment portfolio.

October 3, 2025 0 comments
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World

Japan’s next leader may be its first woman or youngest in modern era

by Lucas Fernandez – World Editor October 3, 2025
written by Lucas Fernandez – World Editor

japan is poised⁢ to​ elect​ a new leader this week, ⁣with both potential outcomes ⁤- the contry’s first female⁣ prime minister or its youngest leader in modern history – signaling a⁤ potential⁢ shift in political direction.⁢ The ruling‍ Liberal ​Democratic Party (LDP) will ‌hold its leadership election ⁢on‍ September 29th, pitting former foreign minister Fumio Kishida against current defense minister Taro⁣ Kono.The outcome will not only determine the next prime minister of Japan, but also shape the nation’s response to pressing issues including a declining birthrate, an aging population,⁤ economic stagnation, and rising geopolitical tensions with ​China and North Korea. The new leader will inherit a country grappling with​ the ongoing COVID-19 pandemic and preparing to host the Olympic Games next summer. A change at the top could also influence Japan’s role on the international stage and its relationship with key allies like​ the​ United States.

Fumio Kishida,⁤ 64, a moderate seen as the LDP establishment’s preferred‍ candidate,​ has emphasized the need for “new capitalism”⁤ focused on‌ wealth‍ distribution and ⁢addressing income inequality. He⁤ has pledged to revise Japan’s‍ pacifist constitution, though cautiously, and strengthen the country’s defense capabilities.Kishida secured a narrow victory in the ‌first round of voting on Wednesday,beating out Kono to advance ‌to a runoff.

Taro Kono,‌ 40, a popular figure with the⁣ public, has campaigned on​ a platform of accelerating digital ‌change, ⁣reforming the social security system, and ⁣promoting diversity. He is considered ‍a reformist and has been a vocal advocate ⁢for renewable energy. Kono’s progressive stance and fluency in⁤ English have‌ garnered him significant support among younger voters and international observers.

The election comes after eight years of leadership under Shinzo⁣ Abe and Yoshihide Suga,both of⁢ whom resigned citing health concerns. Suga’s ⁢approval ratings plummeted ⁣amid public dissatisfaction with his handling of the ‌pandemic, creating an opening for new leadership within the LDP.The‍ winner of the leadership race is virtually guaranteed to​ become prime minister, as the LDP controls the majority in the lower house of parliament.

October 3, 2025 0 comments
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Business

Angle: US EV market risks collapse after tax deductions end, companies rush to deal with it | Reuters

by Priya Shah – Business Editor October 2, 2025
written by Priya Shah – Business Editor

U.S. ‍Electric Vehicle Sales Face ‍Potential Cliff as Tax Credit Expires

DETROIT – The U.S. electric ⁣vehicle​ (EV) market is bracing for a potential downturn⁤ as the $7,500 consumer‍ tax credit-a key driver of EV adoption-is set too expire⁤ at the end of 2023, prompting automakers to accelerate deals and consumers to finalize‍ purchases before the incentive vanishes. Industry analysts warn the abrupt end of the​ credit could ‍significantly dampen demand,notably for vehicles priced ‌above $55,000,and possibly stall the nation’s transition to electric⁣ mobility.

The expiring tax credit throws uncertainty‌ into a rapidly evolving market already navigating supply chain challenges, fluctuating battery material ​costs, and increasing competition. The incentive has ‍been instrumental in lowering the upfront cost‌ of EVs, ‍making them⁤ more accessible to a ‍wider range of buyers.Its removal could disproportionately impact ‍lower and middle-income ​consumers,slowing progress toward President Biden’s goal of 50% EV sales by 2030 and potentially jeopardizing ‌billions of‍ dollars in investments automakers have committed to EV ​production.

Several ⁣automakers are responding by ⁤offering their own ⁢incentives to offset ⁢the loss of the federal credit. Ford, for​ example, is extending discounts on select EV models, while GM is⁣ reportedly considering similar measures. “We’re ​trying to mitigate the impact as much as possible,” ⁤said a Ford spokesperson,who requested anonymity. “We want to ensure‌ EVs remain⁢ an attractive option for our customers.”

The tax credit’s structure, tied to battery component sourcing and final assembly location in North America, has ​already created complexities. ⁤ Currently, only about half of the EV models available in the U.S. qualify‌ for the full $7,500 credit. The Inflation Reduction Act’s‍ provisions are intended to bolster domestic EV supply chains, but‍ have ⁣also‌ limited consumer choice in the short term.

Industry experts are divided on the extent ‍of the potential ⁤impact. Some predict a critically important drop in sales, particularly in the frist quarter of 2024, ⁢while others believe ‍automakers’⁤ own incentives and declining battery costs will cushion the blow. “the expiration of ‌the tax credit is a⁢ headwind, there’s no doubt whatsoever,” said Sam Abuelsamid, principal ​analyst at ⁢Guidehouse Insights. “But ⁣the underlying​ demand ​for EVs is still strong, and automakers are prepared to respond.”

The ​situation is ⁣further complicated by the ongoing United Auto Workers (UAW) strike, which has already disrupted production at several key automotive plants.⁣ A prolonged strike could exacerbate supply constraints ⁢and ⁢further dampen EV sales.

Looking ahead,the ​future of the EV tax credit remains uncertain. Congress could choose to extend or modify​ the program, but any action would require‌ bipartisan ‍support. For‍ now,both automakers ​and consumers are operating in a state of ⁤flux,racing against ‌the​ clock as the year-end⁤ deadline approaches.

October 2, 2025 0 comments
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Business

Trading Day: Shutdown? Stocks up!

by Priya Shah – Business Editor October 2, 2025
written by Priya Shah – Business Editor

Stocks Rise ⁢Despite Looming Shutdown Risk

NEW YORK, Sept 29 – U.S. stocks closed‍ higher ‍friday despite the growing threat ⁢of a government shutdown as Congress struggled ⁤to reach a funding ⁤agreement before the weekend deadline. The Dow Jones ⁤Industrial ⁤Average ⁣gained ​85.61⁣ points, or 0.26%, to 33,839.08,⁤ the S&P 500⁢ rose 14.49 points, or 0.33%, to 4,320.06,‍ and the Nasdaq Composite added⁤ 64.98 points, or 0.48%, to⁤ 13,484.79.

The surprising market resilience‌ comes⁢ as ‍lawmakers face a potential shutdown⁤ starting Sunday if they fail⁤ to pass legislation funding federal agencies.A shutdown ‍would⁤ halt non-essential government services, impacting federal employees ‌and possibly slowing economic growth. while shutdowns are frequently‌ enough temporary, ⁣they create uncertainty and can weigh on ⁤consumer and business confidence. Investors appear to ​be betting on a short-lived disruption, or factoring in ⁣the possibility of a last-minute ​deal.

Despite the political​ uncertainty, market analysts point ‍to⁤ strong economic data and corporate earnings as supporting factors. Recent reports indicate a⁤ resilient U.S. economy, with ⁢a robust⁢ labor market and moderating inflation. This has fueled optimism among investors, ⁣even as the Federal Reserve maintains a ⁤hawkish stance⁣ on monetary policy.

Treasury⁤ yields‍ also saw movement, with the ‍10-year Treasury yield hitting 4.60%, its highest‍ level since⁢ 2007. Oil prices rose, with Brent ⁣crude ​settling at $95.82 ‌a ⁢barrel.

Looking‌ ahead, the focus will ⁤remain‍ on Washington as lawmakers attempt to ⁢avert a shutdown. The outcome will have⁢ notable implications for the U.S. economy and financial markets. Investors will also be closely watching upcoming economic data releases and corporate earnings‌ reports for further clues about ‍the⁣ health of the economy.


Jamie McGeever has been a financial journalist since 1998, ​reporting from Brazil, Spain, New York, London, and now back in the US again. His experience​ and expertise are in global markets, economics, policy, ​and investment. Jamie’s roles across text and TV ‍have included reporter, editor, and columnist, and he has covered key events and policymakers in⁤ several cities around the ⁣world.

October 2, 2025 0 comments
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