Global Pulse

作者： admin

  • Marine Le Pen admits ‘mistake’ in EU embezzlement trial as she fights to save political career

    Marine Le Pen admits ‘mistake’ in EU embezzlement trial as she fights to save political career

    PARIS — French far-right leader Marine Le Pen confronted potentially career-altering allegations during a high-stakes appeals trial this week, where she admitted to procedural errors while vehemently denying systematic fraud in the European Parliament funds case that threatens her 2027 presidential aspirations.

    The 57-year-old political figure is challenging a March 2025 conviction that found her guilty of misappropriating EU legislative funds between 2004 and 2016. The original ruling imposed a five-year ban from elected office, two years of electronic monitoring house arrest, and an additional two-year suspended sentence for violating the 27-nation bloc’s financial regulations.

    Before a three-judge appellate panel, Le Pen acknowledged that some parliamentary aides compensated through EU channels had occasionally performed work for her National Front party (now renamed National Rally). “The mistake lies here: there were certainly some aides who must have worked either marginally, more substantially, or entirely for the benefit of the party,” she testified, maintaining this represented isolated incidents rather than organized misconduct.

    The Paris court’s initial determination described an elaborate “fraudulent system” that allegedly diverted €2.9 million ($3.4 million) in EU funds, characterizing the scheme as “a democratic bypass” that created unfair competitive advantages. Prosecutors argue Le Pen personally authorized hiring contracts while aware of their improper nature.

    During intense judicial questioning, Le Pen remained composed while rejecting the existence of any coordinated scheme to fund party operations with European money. “I wouldn’t say we did everything perfectly. Some criticism can be made about us,” she conceded, while insisting her party “acted in complete good faith.”

    The five-week appellate proceedings, which commenced last week, could dramatically reshape France’s political landscape. The court’s decision, expected before summer, will determine whether Le Pen can pursue the presidency or must transfer her political ambitions to protégé Jordan Bardella, the 30-year-old she has designated as potential successor.

    Judge Michèle Agi challenged Le Pen’s claims of ignorance regarding contractual obligations, noting her dual roles as European Parliament member and party president made her directly responsible for approvals. “You are a lawyer, you know the law — inevitably, a signature, a contract are notions that have a meaning for you,” Agi asserted.

    Le Pen countered that European Parliament authorities failed to provide adequate guidance about hiring violations, while defending unusual arrangements including her personal bodyguard’s parliamentary aide contract as responding to “exceptional” security needs.

  • China needs to invest bigger at home to sustain prosperity

    China needs to invest bigger at home to sustain prosperity

    China’s economy achieved its official growth target of 5% in 2025, according to official GDP figures, but this headline accomplishment conceals significant underlying vulnerabilities. While exports surged to a record-breaking $1.2 trillion trade surplus despite ongoing trade tensions with the United States, the economy faces mounting domestic challenges that threaten sustainable growth.

    The export sector’s remarkable performance, driven by successful diversification to Southeast Asian, South American, European, and African markets, offset concerning weaknesses in domestic consumption. December retail sales grew at a meager 0.9% year-on-year—the slowest pace since late 2022—highlighting persistent consumer reluctance to spend. This consumption weakness appears structural rather than temporary, rooted in high savings rates, property market uncertainties, and concerns about job security.

    Simultaneously, China confronts demographic headwinds as its population declined for the fourth consecutive year in 2025, with birth rates hitting record lows. This accelerating aging population presents long-term economic challenges that require substantial productivity gains to overcome.

    Fiscal constraints further complicate the economic landscape. Local governments face mounting debt burdens, reduced revenues from land sales, and increasing social program obligations, limiting their capacity for stimulus spending. Investment in fixed assets declined by 3.8% in 2025, with property investment plummeting approximately 17%.

    The fundamental challenge lies in redirecting China’s substantial national savings—which reached 43.4% of GDP in 2024—toward productive domestic investment rather than export surpluses that fuel international trade tensions. The transition toward a more capital- and knowledge-intensive growth model, particularly in technology services and high-value manufacturing, appears essential for navigating these structural challenges.

  • EU parliament refers Mercosur trade deal to bloc’s top court

    EU parliament refers Mercosur trade deal to bloc’s top court

    In a dramatic legislative showdown, the European Parliament has cast the landmark EU-Mercosur trade agreement into legal uncertainty following a contentious vote. Lawmakers in Strasbourg narrowly approved (334-324) referring the freshly inked pact to the Court of Justice of the European Union (CJEU) for constitutional assessment.

    The decision triggered jubilant celebrations among hundreds of farmers who had gathered with tractors outside the parliamentary building. Their prolonged opposition to the deal, particularly from French agricultural groups, found validation in the vote outcome. “We’ve been on this for months and months, for years,” exclaimed Quentin Le Guillous, head of a French young farmers’ group, capturing the emotional triumph felt by protestors.

    This judicial referral represents a significant setback for the European Commission, which had championed the agreement as a historic achievement. Commission President Ursula von der Leyen had vigorously promoted the pact just hours before the vote, emphasizing its strategic importance. The deal, negotiated over 25 years, would create one of the world’s largest free trade areas, eliminating tariffs on over 90% of bilateral trade between the EU and Mercosur nations (Brazil, Argentina, Uruguay, and Paraguay).

    The legal challenge centers on two critical questions: whether partial application before full ratification violates EU procedures, and whether the agreement improperly restricts Brussels’ regulatory powers on environmental and food safety standards. The Commission maintains that parliamentary concerns are “not justified,” with trade spokesman Olof Gill asserting that all raised issues had been comprehensively addressed during negotiations.

    Geopolitical tensions underscore the agreement’s significance, with the EU seeking reliable partnerships amid Trump-era tariff policies and growing Chinese competition. Germany, Spain, and Nordic countries strongly support the pact for its export benefits in automotive, wine, and cheese sectors. Conversely, France, Poland, Austria, Ireland, and Hungary oppose it due to agricultural sector vulnerabilities.

    The judicial process may substantially delay or potentially derail implementation, though the Commission retains authority to provisionally apply the agreement pending the court’s ruling—a move that would likely ignite further political controversy.

  • Mainland denounces Taiwan-US trade deal as ‘sellout pact’

    Mainland denounces Taiwan-US trade deal as ‘sellout pact’

    Chinese officials have issued a stern condemnation of the recently signed trade agreement between Taiwan and the United States, characterizing it as an unequal pact that undermines Taiwan’s economic sovereignty and industrial foundation. During a press briefing on Wednesday, Peng Qing’en, spokesperson for China’s State Council Taiwan Affairs Office, articulated Beijing’s firm opposition to what he termed a “sellout pact” negotiated under duress.

    The controversial agreement, which reduces US tariff rates on Taiwanese imports to 15 percent, requires substantial reciprocal commitments from Taiwan. According to official statements, Taiwan has pledged approximately $500 billion in combined investments and credit guarantees directed toward American semiconductor and artificial intelligence sectors. This arrangement includes the potential transfer of up to 40 percent of Taiwan’s semiconductor production capacity to the United States.

    Peng asserted that negotiations occurred under significant economic pressure from Washington, which allegedly utilized tariff leverage to extract concessions that could fundamentally weaken Taiwan’s industrial competitiveness. The spokesperson criticized Taiwan’s Democratic Progressive Party administration for presenting what he described as “unilateral concessions” as mutually beneficial cooperation, labeling the arrangement a “complete capitulation” to American economic demands.

    The financial scale of Taiwan’s commitment represents approximately 80 percent of the island’s foreign exchange reserves, equivalent to a per capita contribution of NT$680,000 (approximately $21,489) from each Taiwanese citizen. Peng warned that such substantial resource diversion could transform Taiwan from a technological hub into an economically hollowed-out territory, jeopardizing both industrial stability and economic security.

    Beijing’s response emphasized that the agreement demonstrates the inherent risks of pursuing independence policies and relying on external powers rather than embracing cross-strait cooperation. Officials suggested that without the support of mainland China, Taiwan remains vulnerable to economic pressure from foreign interests.

  • Germany arrests woman accused of supplying war-related information to Russian agent

    Germany arrests woman accused of supplying war-related information to Russian agent

    BERLIN — German federal prosecutors have taken into custody a dual German-Ukrainian citizen suspected of conducting espionage operations on behalf of Russian intelligence services. The individual, identified under German privacy regulations as Ilona W., was apprehended in Berlin following an extensive investigation into her activities.

    According to official statements, Ilona W. established contact with a known Russian intelligence operative stationed at the Russian Embassy in Berlin as early as November 2023. Prosecutors allege she systematically provided sensitive information regarding Ukraine’s military capabilities, including detailed intelligence on defense industry locations, experimental drone testing protocols, and scheduled weapon deliveries to Ukrainian forces.

    The suspect reportedly leveraged her personal connections with former German Defense Ministry personnel to acquire classified information. Additionally, she facilitated her Russian contact’s access to high-level political events in Berlin using fabricated identities, enabling the intelligence officer to establish networks and gather information for Russian interests.

    Concurrent with the arrest, German authorities executed search warrants at multiple locations, including the primary suspect’s residence and properties belonging to two additional individuals under investigation. Defense Ministry spokesperson Mitko Müller confirmed the investigation involves two former military employees—one recently retired officer and a civilian employee who departed over fifteen years ago. Both are suspected of unlawfully sharing information with Ilona W., though investigators are determining whether they were aware the intelligence would ultimately reach foreign agents.

    The case emerges amid heightened security concerns across Europe regarding Russian espionage activities, particularly those related to the ongoing conflict in Ukraine. German authorities have intensified counter-intelligence operations to prevent sensitive military information from reaching hostile foreign entities.

  • India to withdraw diplomats’ families from Bangladesh, official says

    India to withdraw diplomats’ families from Bangladesh, official says

    India has initiated the evacuation of diplomatic families and dependents from Bangladesh citing heightened security concerns ahead of the country’s February 12 general election. The decision comes amid escalating bilateral tensions that have strained relations between the South Asian neighbors.

    According to an anonymous Indian official speaking on Wednesday, the withdrawal constitutes part of ‘internal readjustments’ in response to security threats. The move follows India’s December summons of Bangladesh’s high commissioner to express concerns about deteriorating security conditions, particularly regarding threats against the Indian mission in Dhaka.

    The current political climate in Bangladesh has been volatile since former Prime Minister Sheikh Hasina sought refuge in India in 2024 following deadly protests that forced her departure. Campaigning for the upcoming election begins Thursday, already triggering demonstrations and counter-protests across the nation.

    The interim government led by Nobel laureate Muhammad Yunus has consistently demanded Hasina’s extradition while simultaneously dismissing India’s concerns about violence targeting minority Hindu communities. Neither country’s foreign ministry has provided immediate commentary on the evacuation decision, and the timeline for families’ return remains unspecified.

    This development marks a significant deterioration in diplomatic relations between the two nations, reflecting the ongoing political instability surrounding Bangladesh’s electoral process and the unresolved status of its former leader.

  • Dubai: Gold prices jump over Dh15 per gram to another record high, could touch Dh600 soon

    Dubai: Gold prices jump over Dh15 per gram to another record high, could touch Dh600 soon

    Dubai’s gold market witnessed unprecedented gains on Wednesday as prices surged dramatically at market opening, setting a third consecutive record high. The precious metal’s remarkable rally saw 24K gold escalate by Dh15.75 to reach Dh586.25 per gram, bringing it within striking distance of the psychological Dh600 barrier.

    The comprehensive price surge affected all variants: 22K gold climbed to Dh542.75 per gram, 21K advanced to Dh520.5, 18K reached Dh446.25, while 14K gold settled at Dh348.0 per gram. This sustained upward trajectory reflects deepening global economic anxieties and geopolitical uncertainties.

    International markets mirrored Dubai’s bullish trend, with gold breaching the $4,800 milestone for the first time in history. At 9:15 AM UAE time, spot gold traded at $4,869.7 per ounce, registering a substantial 2.28 percent increase. This global surge coincides with escalating tensions between the United States and European Union regarding Greenland, adding fresh momentum to gold’s safe-haven appeal.

    Ole Hansen, Head of Commodity Strategy at Saxo Bank, contextualized the rally: ‘The renewed US-Europe standoff over Greenland has acted as a fresh catalyst for gold and silver demand, reinforcing an already powerful hard-asset narrative. Importantly, this rally predates the current dispute and shows no signs of abating. The Greenland episode has effectively poured fresh fuel on a rally that has been building for months, driven by an increasingly uncomfortable macro and geopolitical backdrop.’

    Hansen further noted the concerning performance of traditional safe havens, observing that the dollar, yen, and US Treasuries have all struggled to provide their customary stability as long-end yields rise due to credibility concerns rather than growth optimism.

    Market analysts suggest that if the current momentum persists amid ongoing global uncertainties, Dubai’s gold prices could realistically approach the Dh600 per gram threshold in the near term. Some international forecasts even project gold potentially reaching $5,000 per ounce during the first quarter, underscoring the metal’s strengthened position in contemporary portfolio strategies.

  • Japan court sentences ex-PM Abe’s assassin to life in prison, NHK reports

    Japan court sentences ex-PM Abe’s assassin to life in prison, NHK reports

    A Japanese court has delivered a life imprisonment verdict to Tetsuya Yamagami, the 45-year-old perpetrator behind the assassination of former Prime Minister Shinzo Abe in July 2022. The Nara District Court’s ruling concludes a landmark case that has captivated Japan for over three years, marking one of the most significant political violence incidents in the nation’s post-war history.

    Yamagami, who admitted to crafting a homemade firearm and fatally shooting Abe during a campaign speech in western Nara, faced certain conviction following his October court admission. Prosecutors had characterized the assassination as “an extremely grave incident unprecedented in post-war history” during last month’s sentencing request.

    The court proceedings revealed complex motivations behind the attack, with Yamagami expressing resentment toward the Unification Church after his mother’s substantial donations to the organization created severe financial distress for his family. Media reports indicated the assailant targeted Abe due to the former prime minister’s recorded video message to an event affiliated with the church.

    This assassination exposed extensive connections between Japan’s ruling Liberal Democratic Party (LDP) and the controversial religious group, with internal investigations revealing over hundred lawmakers maintained dealings with the organization. The disclosure has significantly eroded public trust in the long-dominant political party.

    Despite stepping down in 2020 citing health concerns, Abe remained Japan’s longest-serving prime minister with 3,188 days in office across two terms and continued to wield considerable influence within the LDP. His death created a political vacuum that has resulted in two leadership transitions and diminished party stability under current Prime Minister Sanae Takaichi, Abe’s political protégée.

    Internationally, Abe was recognized for forging strong diplomatic ties, particularly his unique relationship with former U.S. President Donald Trump, being the first foreign leader to meet Trump after his 2016 election victory. Their bond, strengthened through numerous golf meetings across both nations, continues to influence current Japan-U.S. relations under the Takaichi administration.

    Yamagami’s defense team argued for a reduced sentence of maximum 20 years, citing the defendant’s family hardships caused by the religious organization’s financial demands. The court ultimately rejected these mitigating circumstances in delivering Japan’s most severe punishment short of capital punishment.

  • Beijing becomes China’s second 5-trillion-yuan economy in 2025

    Beijing becomes China’s second 5-trillion-yuan economy in 2025

    Beijing has officially cemented its status as China’s second 5-trillion-yuan economy, achieving a remarkable GDP of 5.2 trillion yuan ($746.7 billion) in 2025 with a solid 5.4% year-on-year growth rate. This milestone places the capital city alongside Shanghai as the only two Chinese municipalities to surpass this monumental economic threshold.

    The city’s economic expansion was primarily fueled by extraordinary performance in advanced manufacturing sectors. The computer, communications, and electronic equipment manufacturing cluster witnessed a striking 20.2% annual growth, while the automotive industry accelerated with a 17.7% increase. Particularly noteworthy was the explosive growth in green technology and high-tech sectors, where new energy vehicle production skyrocketed by 140%, lithium-ion battery output surged by 120%, and service robot manufacturing advanced by 47.6%.

    Beijing’s export capabilities demonstrated significant strength, with large-scale industrial enterprises achieving a delivery value of 211.3 billion yuan—a 6.4% increase from the previous year. The automotive manufacturing sector led this charge with a substantial 24.6% export growth, followed by specialized equipment manufacturing at 10.8%.

    The service sector equally contributed to Beijing’s economic triumph, with information technology services reaching a combined added value of 1.2 trillion yuan after an 11% growth spurt. Simultaneously, the financial industry strengthened its position with an added value of 866.82 billion yuan, reflecting an 8.7% increase that underscores Beijing’s dual identity as both a technological and financial hub.

    This economic milestone reflects Beijing’s successful transition toward high-value industries and innovation-driven growth, positioning the capital as a model for urban economic development in China’s new era of quality-focused expansion.

  • EU lawmakers vote to hold up Mercosur trade agreement over legal concerns

    EU lawmakers vote to hold up Mercosur trade agreement over legal concerns

    BRUSSELS — In a dramatic legislative move, the European Parliament has suspended ratification of the landmark EU-Mercosur trade agreement, demanding judicial review from Europe’s highest court regarding its treaty compliance. Lawmakers in Strasbourg narrowly passed the resolution with 334 votes in favor versus 324 against, effectively postponing final approval until the European Court of Justice delivers its legal assessment—a process expected to span several months.

    This decision creates significant uncertainty for the comprehensive trade pact signed just days ago following 25 years of negotiations. The agreement, championed by European Commission President Ursula von der Leyen as a strategic response to global protectionism, aimed to establish one of the world’s largest free trade zones covering over 700 million consumers. It proposed eliminating over 90% of tariffs between the economic blocs, benefiting South American agricultural exports and European industrial goods alike.

    The parliamentary vote revealed deep divisions within the EU, with France emerging as a leading opponent. French Foreign Minister Jean-Noel Barrot welcomed the delay, asserting that Parliament had aligned with France’s long-standing position demanding stronger protections for European farmers. Meanwhile, the European Commission expressed strong regret over the decision, while Germany’s Chancellor Friedrich Merz condemned it as “geopolitically misguided” and urged immediate provisional application of the agreement.

    Trade Committee Chair Bernd Lange criticized the move as “absolutely irresponsible” and damaging to European economic interests. Despite the EU’s internal divisions, ratification appears certain within Mercosur nations (Argentina, Brazil, Paraguay, and Uruguay), where the pact enjoys broad support. The development comes ahead of an emergency EU summit focused on transatlantic relations, where trade strategies are expected to dominate discussions.