标签: Asia

亚洲

  • Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

    Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

    TOKYO – Geopolitical volatility stemming from the ongoing conflict between Iran and regional rivals has sent mixed results across Asian equity markets on Tuesday, as investor anxiety over potential disruptions to global energy trade roiled financial systems worldwide.

    Japan’s headline Nikkei 225 index erased early opening gains to fall 0.6% in morning trading, settling at 60,433.79. The pullback came even as government data confirmed the Japanese economy expanded for two consecutive quarters through the first three months of 2025, with consumer spending outperforming expert projections to drive the growth.

    In South Korea, the downturn was far steeper: the Kospi index dropped more than 4% in early session trading before trimming losses to 3.5% by midday, hitting 7,249.73. Top technology exporters bore the brunt of the selloff, with Samsung Electronics sliding 3.8% and memory chip manufacturer SK Hynix falling 4%, mirroring broad losses for U.S. tech stocks on Wall Street in the prior overnight session.

    Not all Asian markets ended the morning in negative territory, however. Australia’s S&P/ASX 200 gained 0.9% to reach 8,582.80, while Hong Kong’s Hang Seng index climbed 0.5% to 25,811.28. Mainland China’s benchmark Shanghai Composite bucked the positive regional trend to slip 0.3% to 4,121.11.

    The mixed performance in Asia followed a choppy trading session on Wall Street Monday, where the S&P 500 swung between positive and negative territory throughout the day before closing down 0.1% at 7,403.05. The drop marked the benchmark index’s second losing session since it hit an all-time record high just one week prior. The Dow Jones Industrial Average outperformed to add 0.3%, closing at 49,686.12, while the tech-heavy Nasdaq composite dropped 0.5% to 26,090.73.

    In global energy markets, crude oil prices retreated from recent volatile spikes amid shifting signals over the conflict’s impact on trade through the Strait of Hormuz, the world’s busiest chokepoint for crude oil exports. Benchmark U.S. crude fell $1.36 to settle at $103.02 per barrel, while the global benchmark Brent crude dropped $1.99 to $110.11 per barrel.

    Oil prices have swung wildly in recent weeks as investors weigh the risk of prolonged disruptions to shipping through the Strait of Hormuz, which the Iran conflict has effectively closed to commercial tankers. The disruption hits major energy importers like Japan particularly hard, as the country relies on the strait for nearly all of its crude oil imports. Before the conflict escalated, Brent crude traded at roughly $70 per barrel.

    Prices pulled back from recent peaks after former U.S. President Donald Trump announced via social media that a planned U.S. military strike on Iran had been postponed, noting that “serious negotiations” are currently underway to end the ongoing conflict.

    In the bond market, the yield on 10-year U.S. Treasury notes climbed as high as 4.63% before retreating to 4.59%, matching its level from late Friday.

    U.S. airline giant Delta Air Lines closed nearly flat Monday after a volatile session driven by shifting oil prices. The stock got an early lift after confirmation that Berkshire Hathaway, the storied investment firm led by new chief executive after the retirement of legendary value investor Warren Buffett, had acquired more than $2.6 billion in Delta stock. Buffett built Berkshire Hathaway’s reputation for decades by picking undervalued assets during market downturns.

    Investors across global markets are now turning their attention to a packed week of corporate earnings reports. Chipmaking giant Nvidia is set to release its latest quarterly results after markets close Wednesday, and the firm has consistently beaten analyst consensus estimates in recent quarters while forecasting strong ongoing growth. Major U.S. retailers including Target, Home Depot and Walmart will also publish their quarterly earnings throughout the week.

    In foreign exchange markets, the U.S. dollar edged slightly higher to 158.96 Japanese yen, up from 158.84 yen in the prior trading session. The euro dipped slightly to $1.1643, down from $1.1657.

    AP Business Writer Stan Choe contributed reporting to this article.

  • Trump says Gulf leaders asked him to ‘hold off’ on resuming Iran war

    Trump says Gulf leaders asked him to ‘hold off’ on resuming Iran war

    In a sudden announcement that has reshaped the trajectory of escalating tensions across the Persian Gulf, former US President Donald Trump revealed on Monday that Washington has scrapped plans to launch a full, large-scale military offensive against Iran, set to begin Tuesday. The decision came following a formal request from the top leaders of three key Gulf Arab allies to delay the attack amid ongoing diplomatic negotiations.

    Trump made the announcement via his TruthSocial platform, stating that the Emir of Qatar Tamim bin Hamad Al Thani, Saudi Crown Prince Mohammed bin Salman Al Saud, and United Arab Emirates President Mohamed bin Zayed Al Nahyan all urged the US to hold off on its planned military strike. The leaders argued that serious diplomatic talks were already underway, and their assessment as close US allies was that a mutually acceptable negotiated agreement could be reached, according to Trump’s post.

    The outgoing president added that any prospective final deal would be very favorable to US interests, with one critical non-negotiable provision: Iran will permanently be barred from developing nuclear weapons. Trump emphasized that his deep respect for the three Gulf leaders guided his choice to accommodate their request, but made clear that the pause on military action is not permanent. He warned that US military forces remain fully postured to launch the full-scale large-scale assault against Iran at a moment’s notice if a viable, acceptable agreement fails to materialize through negotiations.

    This latest development comes on the heels of nearly two months of open conflict across the region, triggered by a joint US-Israeli strike on Iran on February 28. Iran retaliated immediately, launching thousands of missiles and drones targeting Gulf Arab states, with the UAE bearing the brunt of the attack after normalizing relations with Israel in 2020 under the Abraham Accords. Almost 3,000 Iranian projectiles struck UAE territory, according to regional reports.

    In mid-April, Pakistan brokered a fragile ceasefire that has paused large-scale open fighting, though low-level tensions and limited military action have continued. On Friday, Bloomberg reported that the UAE had recently attempted to rally Saudi Arabia and Qatar to back a coordinated joint military offensive against Iran in response to Tehran’s attacks, but the bid ultimately failed.

    Shortly after the February 28 US-Israeli strike, Mohamed bin Zayed held a series of urgent calls with fellow Gulf leaders to push for the coordinated military response. But Saudi Arabia’s crown prince and other Gulf leaders rejected the proposal, sources confirmed. Despite the rebuff of the joint offensive plan, both Saudi Arabia and the UAE have launched independent retaliatory strikes against Iranian targets, recent reporting confirms.

    The Wall Street Journal reported that the UAE targeted key Iranian energy infrastructure, carrying out a strike on Iran’s Lavan Island, a major Persian Gulf oil export hub, in early April around the time the ceasefire was announced. Saudi Arabia, by contrast, carried out limited, measured retaliatory strikes before quickly shifting its focus to supporting Pakistan’s mediation efforts, regional analysts note.

    Last week, the Financial Times reported that Saudi Arabia has also circulated a proposal for a region-wide non-aggression pact between Iran and other Middle Eastern states, modeled on the 1970s Helsinki Accords that de-escalated Cold War tensions in Europe. The Saudi initiative has already earned backing from major European capitals and EU institutions, though it remains unclear whether the US and Israel will support the proposed framework.

    Parallel to shifting regional diplomatic efforts, the conflict has drawn Israel and the UAE even closer strategically. Middle East Eye reported on Monday that the two countries have launched a joint defense acquisition fund to jointly purchase and develop next-generation weapons systems, deepening their security cooperation amid rising regional tensions.

  • Japan’s economy expands at a 2.1% annual pace, boosted by consumer spending

    Japan’s economy expands at a 2.1% annual pace, boosted by consumer spending

    TOKYO – In a surprising show of economic resilience against global energy market turmoil triggered by the war in Iran, Japan’s economy expanded at an annualized rate of 2.1% in the first three months of 2024, government data released Tuesday confirms. This marks the second consecutive quarter of positive growth for the world’s third-largest economy, defying analyst forecasts that had predicted a much slower expansion amid soaring energy costs.

    Seasonally adjusted real gross domestic product (GDP), the broad measure of all goods and services produced in the country, grew 0.5% quarter-over-quarter, following a 0.2% moderate gain in the final quarter of 2023. The economy had contracted in the third quarter of last year, making back-to-back growth a welcome milestone for Japanese policymakers. The annualized figure represents what full-year growth would be if the current quarterly pace of expansion sustained across all four quarters.

    Preliminary Cabinet Office data shows that broad-based spending gains across consumer, business, and public sectors drove the stronger-than-expected results. Private consumption, which makes up a large share of Japan’s GDP, rose 0.3% from the previous quarter, equal to an annualized growth rate of 1.1%. Public demand from government spending projects and initiatives also climbed 0.3% quarter-over-quarter, providing additional support to overall economic output.

    On the trade front, the latest quarter saw exports grow 1.7% outpacing a 0.5% increase in total imports, a net positive that further lifted GDP growth.

    For resource-scarce Japan, the fallout from the Iran war has created significant headwinds, most notably in the form of skyrocketing global oil prices. Before the conflict began, Brent crude traded around $70 per barrel; current prices have surged to nearly $110 per barrel. The spike stems from effective disruptions to shipping through the Strait of Hormuz, a critical chokepoint for Persian Gulf oil exports bound for Asian markets including Japan. In response, Tokyo has already released portions of its national oil reserves and is actively developing alternative shipping routes to stabilize supply.

    The energy supply squeeze has already begun to ripple through domestic Japanese industries, with shortages of naphtha — a versatile oil-based product used in manufacturing everything from plastic goods to construction materials — drawing widespread media attention in recent weeks. Prime Minister Sanae Takaichi has pledged to take decisive action to secure adequate supplies and sustain ongoing economic expansion, a commitment that will likely require substantial new government spending.

    Most economic analysts remain cautiously optimistic about Japan’s growth trajectory in the coming quarters. A recent report from the Japan Center for Economic Research projected that the country will continue to log moderate growth, supported by rising corporate investment in artificial intelligence and increased government defense spending.

    “The breadth of ongoing demand expansion points to a high-quality growth trajectory, which may reinforce evidence that inflationary pressures are broadening across the Japanese economy,” noted Naomi Fink, chief global strategist at Amova Asset Management.

    Rising energy costs are already pushing domestic prices higher, and the stronger-than-expected first quarter growth could push the Bank of Japan to move forward with an interest rate hike. The central bank has spent years holding interest rates near or below zero to stimulate stagnant growth and weak inflation, but shifting economic conditions have sparked expectations of a policy pivot. While Japan’s current inflation rate remains lower than that of the United States, Japanese workers have yet to see wage gains keep pace with rising living costs.

    Financial markets reacted modestly to the new GDP data on Tuesday. Tokyo’s benchmark Nikkei 225 index, which has hit repeated record highs in recent trading sessions, dipped 0.6% during morning trading following the data release.

  • Trump told Taiwan not to ‘go independent’ – but does it want to?

    Trump told Taiwan not to ‘go independent’ – but does it want to?

    Weeks after his high-profile meeting with Chinese President Xi Jinping in Beijing, former and current U.S. President Donald Trump has delivered an unprecedented public warning to Taiwan against moving toward formal independence, triggering immediate reactions from Taipei and sparking widespread debate over the future of U.S. policy in the Indo-Pacific.

    In an interview with Fox News that aired Friday, Trump made his stance clear: “I’m not looking to have somebody go independent. And, you know, we’re supposed to travel 9,500 miles to fight a war. I’m not looking for that. I want them to cool down. I want China to cool down.” These remarks mark the most direct public pressure a sitting U.S. president has ever placed on Taiwan regarding its sovereignty status, leading to a quick response from Taipei.

    Taiwanese officials reiterated their long-held position that the island sees no need for a formal declaration of independence, a stance that aligns with mainstream public sentiment on the self-governing island. To understand the stakes of this exchange, it is necessary to contextualize the decades-long historical and geopolitical backdrop of the Taiwan issue.

    Following the 1949 conclusion of China’s civil war, the defeated Kuomintang government relocated to Taiwan, while the Chinese Communist Party established control over the mainland. Beijing has claimed the island as an inalienable part of its territory ever since, and Taiwan independence has stood as the most sensitive red line for Chinese leadership. Since President Xi Jinping took office, Beijing has ramped up its efforts to suppress perceived separatist activity, framing unification with Taiwan as an “unstoppable” historical priority. In recent years, this pressure has translated into regular military drills near the island, diplomatic campaigns to cut Taiwan’s global recognition, and persistent greyzone incursions into Taiwan’s airspace and territorial waters.

    During his recent summit with Trump, Xi emphasized that the Taiwan question is the single most critical issue shaping U.S.-China relations, warning that mishandling the topic could lead to direct conflict. For decades, global observers have warned that any Chinese military move against Taiwan would likely draw in the U.S., which is legally bound by the 1979 Taiwan Relations Act to provide the island with defensive military capabilities. Under China’s 2005 Anti-Secession Law, Beijing retains the right to use “non-peaceful means” to assert its territorial claims if Taiwan formally declares independence or all options for peaceful unification are exhausted, making any move toward formal independence a potential trigger for regional war.

    Today, most Taiwan residents, who live under a thriving democratic system distinct from mainland China’s increasingly authoritarian rule, support maintaining the status quo—neither formal independence nor unification with Beijing. This position is reflected in the official policy of the Democratic Progressive Party (DPP), which has governed Taiwan since 2016. Current President Lai Ching-te, like his predecessor Tsai Ing-wen, has argued that Taiwan already functions as an independent sovereign state, so no formal declaration is necessary—a carefully calibrated approach designed to assert Taiwanese autonomy without crossing Beijing’s explicit red line. A formal declaration of independence would also require constitutional amendment approved by Taiwan’s legislature and a majority public vote in a referendum, making it logistically difficult for any administration to pursue even if it wanted to. Even so, Beijing remains deeply suspicious of the DPP, which historically advocated for formal sovereignty, and has repeatedly labeled Lai a dangerous separatist, accusing his administration of hijacking public opinion to push an independence agenda and building up military capabilities for confrontation. Lai has pushed back on these claims, noting that military strengthening is only a defensive measure in response to growing Chinese pressure.

    Trump’s recent comments have upended long-standing expectations around U.S. policy on Taiwan. No U.S. administration has ever explicitly supported Taiwanese independence, and for decades Washington has maintained a carefully calibrated “strategic ambiguity” policy, neither confirming nor denying whether it would intervene militarily to defend the island. This policy emerged after 1979, when the U.S. severed formal diplomatic ties with Taiwan to establish relations with Beijing, acknowledging the one-China principle, while passing the Taiwan Relations Act to enshrine U.S. commitments to Taiwan’s defense. The act authorizes ongoing arms sales to Taiwan to support its self-defense capabilities.

    Trump’s remarks have left analysts divided. During his summit, Trump noted that Xi “doesn’t want a movement for independence” in Taiwan, adding that he “heard him out” but did not offer a formal response. While Trump later stressed that “nothing’s changed” in U.S. policy and expressed openness to speaking directly with Lai— a move that would almost certainly draw fierce condemnation from Beijing, as it did when Trump spoke with a Taiwanese president early in his first term—many observers see his warning to Taiwan as an unusual break from past U.S. framing. Ryan Hass, a senior analyst at the Brookings Institution, argues that Trump’s “visible sympathy for Xi’s framing on Taiwan will embolden Beijing to increase pressure on Taipei, and elevated the risk of confrontation.”

    All eyes are now turning to a pending $14 billion U.S. arms package for Taiwan, which follows an $11 billion weapons sale approved in December. After the Beijing summit, Trump declined to commit to finalizing the new package, telling Fox News the decision “depends on China” and that the proposal “is a very good negotiating chip for us frankly.” He later added that he would make a decision “over the next fairly short period.” This is not the first time a U.S. president has shaken up long-standing Taiwan policy rhetoric: former President Joe Biden twice publicly stated the U.S. would defend Taiwan if attacked, appearing to move away from strategic ambiguity, only for his administration to walk back the comments and clarify that official policy had not changed. For decades, U.S. policy on Taiwan has remained fundamentally consistent despite shifts in rhetoric. Now, regional and global powers are closely watching Trump’s next moves to see if the long-standing U.S. balancing act on the Taiwan issue is finally shifting.

  • IEA chief: Only weeks of oil inventories left thanks to Iran war

    IEA chief: Only weeks of oil inventories left thanks to Iran war

    As the ongoing crisis in the Strait of Hormuz—sparked by the United States’ conflict with Iran—shows no sign of de-escalation, top energy and economic officials are sounding the alarm over imminent threats to global energy security, spiraling inflation, and a potential worldwide recession.

    Speaking to reporters on the sidelines of this week’s G7 summit in Paris on Monday, International Energy Agency (IEA) Executive Director Fatih Birol warned that global oil reserves are dwindling at a dangerous pace, with only weeks of strategic and commercial inventories remaining to offset the current supply disruption. Birol noted that oil stockpiles are “declining rapidly,” and highlighted a critical misalignment between physical and financial energy markets: futures prices have not yet adjusted to reflect the impending supply crunch, leaving markets underprepared for sudden volatility.

    The supply disruption extends far beyond oil, Birol added, with fertilizer shortages—also rooted in the conflict—set to drive a fresh wave of food price hikes that will push global inflation even higher. “That might give a big push to inflation numbers,” he warned.

    His warnings echo a recent analysis from the *Financial Times*, which reported Sunday that global energy markets are nearing a critical “tipping point” that could trigger another sudden price surge, tipping the already fragile global economy into recession. Paul Diggle, chief economist at asset management firm Aberdeen, told the outlet his team is modeling the economic fallout of oil prices spiking to $180 per barrel—a scenario that would ignite a full-blown global inflation crisis. “We are taking that outcome very seriously,” Diggle said. “We are living on borrowed time.”

    The current standoff stems from Iran’s closure of the Strait of Hormuz, a critical chokepoint through which roughly 20% of global oil supplies pass, implemented in retaliation for US-Israeli military strikes on the country. A temporary ceasefire announced between Washington and Tehran last month briefly pulled oil prices lower, but the strait has remained closed throughout the truce, and tensions are now rapidly escalating as President Donald Trump has threatened to resume offensive operations if no deal to reopen the waterway is reached quickly.

    In a Sunday post on his Truth Social platform, Trump issued a stark new threat to Iran, promising the country would be completely destroyed if it did not meet his demands. “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them,” Trump wrote. “TIME IS OF THE ESSENCE!”

    Last week, Trump rejected Iran’s latest peace proposal. Tehran has offered major concessions on uranium enrichment, but has demanded that broader nuclear negotiations be delayed until after a peace deal is reached and the Strait of Hormuz is reopened. Since the start of the conflict, Trump has demanded Iran fully dismantle both its missile program and its nuclear activities— which Iran insists are entirely peaceful—and cut all diplomatic and military ties to its regional allies. In a report Sunday, Iran’s state-owned Mehr News Agency argued that Washington has offered “no tangible concessions” in return for Iran’s proposed compromises, leaving negotiations deadlocked. “The United States wants to obtain concessions that it failed to obtain during the war, which will lead to an impasse in the negotiations,” the outlet noted.

    Speaking to Fox News during a visit to Beijing over the weekend, Trump defended his rejection of the proposal, claiming “the Iranians are crazy, and you know what? Because of that, they cannot have a nuclear weapon.” He added that he finds it unacceptable to delay nuclear talks until after a peace deal is finalized.

    Multiple reports confirm Trump spoke with Israeli Prime Minister Benjamin Netanyahu on Sunday about resuming offensive strikes on Iran, a move that would end the month-long ceasefire. Security analysts say the only path to a diplomatic breakthrough requires Washington to compromise on Tehran’s core priorities. “Iran’s priorities remain consistent: ending what it views as economic siege conditions, reopening maritime access and reducing pressure in the Gulf, negotiating an end to the broader conflict, and only afterward addressing the nuclear issue,” explained Danny Citrinowicz, a senior researcher at Israel’s Institute for National Security Studies. “At the present moment, it is difficult to see the Iranian leadership agreeing to any framework that does not meaningfully engage with those core demands.”

    Iranian officials have pushed back hard against Trump’s latest threats, which come after he previously declared in April that he would destroy Iran’s entire entire civilization “never to be brought back again,” and recently posted an image of himself on a military ship with the caption “It was the calm before the storm.” Abolfazl Shakarchi, a spokesperson for Iran’s armed forces, told Mehr that any new aggression to compensate for the US’s failure in the conflict will only result in harsher retaliation. “Repeating any folly to compensate for America’s disgrace in the Third Imposed War against Iran will result in nothing but receiving more crushing and severe blows,” he said.

    Almigdad Alruhaid, a correspondent for Al Jazeera reporting from Tehran, noted that Trump’s inflammatory rhetoric has only galvanized Iranian public defiance, even as observers acknowledge the window for diplomatic resolution is rapidly closing. “The kind of language displayed by Trump on Sunday is not acceptable here in Tehran. They are projecting defiance rather than [giving] an immediate response to this kind of rhetoric,” Alruhaid said. “Behind all of this rhetoric, there is awareness that the diplomatic window right now is narrowing.”

    Not all US voices are pushing for escalation. Senior Republican Senator Lindsey Graham of South Carolina has publicly urged Trump to follow through on his threats to bomb Iran’s energy infrastructure, but foreign policy experts warn such a move would trigger catastrophic global consequences. Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, explained why Trump has so far refrained from launching such strikes: “Tehran would retaliate and take out the energy infrastructure in the [Gulf Cooperation Council] states. This would lead to a far worse oil crisis—one rooted in production problems, not just a bottleneck in the Persian Gulf. The global economy would be thrown into a deep recession. Fuel shortages would lead to food shortages worldwide. Trump’s presidency would be destroyed,” Parsi said. “None of this matters to Lindsey. He’ll burn the entire planet as long as he gets his war. Trump’s biggest mistake has been to listen to Lindsey and his allies.”

  • UAE and Israel established fund for joint defence acquisition, sources say

    UAE and Israel established fund for joint defence acquisition, sources say

    Amid ongoing regional volatility sparked by the U.S.-Israeli campaign against Iran, the United Arab Emirates and Israel have established a joint investment fund dedicated to the co-acquisition and development of advanced defense systems, multiple current and former U.S. officials confirmed to Middle East Eye in exclusive reporting. This new initiative marks the deepest level of defense cooperation between Israel and an Arab nation to date, cemented during a visit to Abu Dhabi by Israeli Prime Minister Benjamin Netanyahu amid active hostilities against Iran.

    The current U.S. official, who spoke on condition of anonymity due to the sensitivity of the arrangements, outlined that the partnership will center on joint weapons procurement, with the UAE poised to inject capital into the advancement of Israeli air defense technologies. Specific areas of focus include Counter-Unmanned Aircraft Systems (C-UAS) and other integrated air defense platforms, and the former U.S. official added that a substantial sum of capital has already been committed to the fund, with future purchases expected to expand beyond air defense into other defense sectors.

    Notably, Netanyahu’s office publicly confirmed the visit, but Abu Dhabi issued a rare denial of the trip, and as of publication, neither the UAE nor Israeli embassies in Washington had responded to requests for comment from Middle East Eye.

    The new fund builds on already unprecedented security coordination between the two countries that unfolded after Iran launched a massive wave of drone and missile strikes across the Gulf in response to the February U.S.-Israeli attack on Iranian targets. The UAE bore the brunt of this retaliation, with nearly 3,000 Iranian projectiles targeting its territory, and U.S. Ambassador to Israel Mike Huckabee confirmed in May that Israel deployed Iron Dome air defense batteries and operating personnel to the UAE during the conflict to bolster its defensive capabilities.

    Regional security analysts describe the joint defense fund as a natural next step in the deepening bilateral relationship, which was normalized under the 2020 Abraham Accords — a deal whose supporters long cited expanded defense cooperation as a core strategic benefit. “Israel will need UAE money. We have the technology, but we lack the resources. The UAE has the resources, but lacks the technology,” explained Yoel Guzansky, a senior Gulf-focused fellow at Tel Aviv’s Institute for National Security Studies.

    Unlike multi-national defense procurement projects in Europe that have faced significant bureaucratic and political headwinds in efforts to coordinate spending against Russian threats, funding is far more straightforward for the UAE, an absolute monarchy that does not publicly disclose its full defense budget. Independent estimates place the UAE’s 2026 defense spending at approximately $27 billion, equal to 5% of its total gross domestic product, and diplomats and defense industry sources expect all Gulf Cooperation Council states to ramp up defense outlays in the wake of Iran’s large-scale strikes. Abu Dhabi, the UAE’s wealthiest and most powerful emirate, alone controls nearly $2 trillion in assets through its sovereign wealth funds and holds the majority of the country’s oil reserves, giving it vast capital to deploy for defense investment.

    The joint initiative also follows a string of already growing defense-industry ties between the two nations: in June 2025, UAE defense conglomerate Edge Group acquired a 30% stake in Israel’s Thirdeye Systems, an AI-powered drone technology firm. Princeton University Near Eastern studies professor Bernard Haykel called the new fund a logical continuation of existing defense cooperation, noting that it addresses shifting strategic financial realities for Israel. For decades, Israel has relied heavily on U.S. military financing, receiving roughly $3 billion in annual foreign military aid plus an additional $21 billion in defense funding through September 2025, according to Brown University’s Costs of War Project. But support for unrestricted U.S. military aid to Israel has plummeted among American voters, particularly younger generations across the political spectrum, and Netanyahu himself has publicly acknowledged Israel may need to phase out U.S. aid over time.

    “The UAE has money. This is a time when US money is being threatened, so why not switch to the UAE? [Israel] needs to diversify,” Haykel told Middle East Eye.

    The closer defense alignment between Abu Dhabi and Jerusalem comes amid divergent post-conflict strategies among Gulf nations, even as all three major Gulf states — the UAE, Saudi Arabia, and Qatar — initially opposed the U.S. war on Iran. After hostilities began, Saudi Arabia and the UAE both granted expanded basing and overflight access to U.S. forces and joined in limited strikes against Iran, per Reuters reporting. But Saudi Arabia has since pivoted to backing Pakistani-led mediation efforts to end the conflict, while the UAE has actively worked to derail peace talks and lobbied heavily for the U.S. to continue its military campaign against Iran.

    Firas Maksad, Middle East and North Africa managing director at Eurasia Group, explained that Abu Dhabi fears any nuclear-focused peace deal struck by the Trump administration with Tehran will leave Gulf states facing an emboldened Iran without addressing the core threats the UAE prioritizes: Iran’s regional proxy networks, ballistic missile program, and long-range drone capabilities. “The Gulf states believe they are going to be left holding the bag on any deal the Trump administration strikes with Iran, which is focused on the nuclear file and Strait of Hormuz. The Gulf states need to address Iran’s proxies, ballistic missiles and drones,” Maksad said.

    Unlike Saudi Arabia, which has responded to growing uncertainty over the long-term reliability of the U.S. security umbrella by deepening security ties with Pakistan, Turkey, and Egypt — a move that included Pakistan deploying 8,000 troops, a fighter jet squadron, and a Chinese-built air defense system to the kingdom in recent weeks — the UAE has taken a vastly different approach.

    “The Emiratis will not be part of that construct,” Maksad said. “Their means of leverage with the Iranians is their relationship with Israel. The more adversarial the relationship is with Iran, the closer the UAE will draw to Israel and develop those security ties.”

  • ‘No longer fit for purpose’: Politicisation of aid endangers millions, medical researchers warn

    ‘No longer fit for purpose’: Politicisation of aid endangers millions, medical researchers warn

    A landmark report published in *The Lancet* by a panel of 38 leading global health experts has delivered a stark condemnation of the current state of the international humanitarian aid system, warning that deep funding cuts and pervasive politicization have reduced life-saving support to intentional rationing that leaves hundreds of millions of vulnerable people without critical care, and demanding an immediate, transformative restructuring of how aid is delivered globally.

    The analysis, led by the Johns Hopkins Center for Humanitarian Health and *The Lancet* Commission on Health, Conflict, and Forced Displacement, argues that the global aid architecture has degraded into little more than “survival triage”, where only the most extreme, high-profile needs are addressed while millions of unmet needs are pushed entirely out of formal response plans. The report identifies growing politicization of aid — where funding is tied to donor nations’ national security and foreign policy priorities rather than on-the-ground need — as the core driver of the system’s collapse, pointing to the 2025 dismantling of the U.S. Agency for International Development (USAID) under the second Trump administration as a defining catalyst for the current crisis.

    For decades, the United States held the position of the world’s largest single donor to international humanitarian programming. What began as a 90-day temporary freeze on all foreign assistance after Trump took office in January 2025 quickly escalated into a near-total dissolution of U.S. global humanitarian efforts. By July 2025, USAID had been fully shut down, and its remaining functions were absorbed into the U.S. State Department, a restructuring that gutted longstanding aid operations across the globe.

    Paul B. Spiegel, director of the Johns Hopkins Center for Humanitarian Health and chair of the commission that produced the report, explained to *Middle East Eye* that while the administration’s stated goal of cutting wasteful aid spending had some surface legitimacy, the chaotic and ideologically driven method of dismantling USAID caused irreversible damage to the global system. Beyond the restructuring of U.S. aid, Spiegel highlighted two other critical contributing factors: the rise of anti-refugee populist sentiment across Western donor nations, and a widespread global erosion of international humanitarian law, with little push for accountability from major world powers.

    New data from the Organisation for Economic Co-operation and Development (OECD) underscores the scale of the funding collapse: total humanitarian aid from the world’s richest nations dropped nearly 25% in 2025 compared to 2024, with more than half of that decline directly attributable to U.S. aid cuts. Citing UN figures, the *Lancet* report notes that global unmet humanitarian need fell from a projected $44 billion to just $29 billion in allocated response funding in 2025, and by the end of the year, only half of that reduced allocation had actually been funded. For 2026, global need is pegged at $33 billion, with $23 billion earmarked exclusively for the most immediately life-threatening crises — a figure that equals just 1% of total annual global military spending. By 2026, an estimated 239 million people across the globe will require humanitarian aid, the report projects, but only one-third of that population will actually receive any support.

    The report stresses that public health financing must never be treated as a tool of statecraft. When aid is structured around political priorities rather than need, the system cannot self-correct: exclusion of vulnerable populations becomes normalized, accountability is reduced to mere bureaucratic compliance, and life-saving humanitarian health support becomes increasingly selective and unreliable, the authors warn.

    The ongoing crisis in the Gaza Strip serves as a devastating case study of the system’s failure, the report argues. Despite an October 2024 ceasefire, ongoing Israeli military operations have left more than 172,000 Palestinians wounded, with the UN confirming that at least one-third of those injured live with permanent, life-altering disabilities. Since the October 7, 2023 Hamas attacks, nearly 600 aid workers have been killed by Israeli fire, and only 14 of Gaza’s 36 hospitals remain partially operational. While the UN, leading academic scholars, and major human rights organizations have recognized the conflict in Gaza as a genocide, a 2024 *Lancet* study placed the total Palestinian death toll at over 186,000, far higher than the official count of more than 72,500. Backed by the U.S., Israel has conditioned approval for humanitarian aid convoys entering Gaza on Hamas meeting its demand for full disarmament, a policy that intentionally blocks aid from reaching hundreds of thousands of vulnerable civilians.

    “I think Gaza was a huge turning point, where people said enough is enough,” Spiegel told *Middle East Eye*. The crisis in Gaza laid bare the core failures of the current system: politicization strips international law of any meaningful consequence, core humanitarian principles are applied only when politically convenient, and access to survival is deliberately rationed. The report concludes that the current system is devoid of its founding principles and is “no longer fit for purpose.” The core objective of reform, Spiegel says, must be to remove political influence from humanitarian funding as much as possible and refocus the entire system on measured, on-the-ground need.

    Unlike many previous reports that offer scattered, optional policy recommendations, the commission frames its proposals as a cohesive, actionable framework designed to be implemented, measured, and enforced, even in the face of political resistance and unequal global power dynamics. The authors argue that incremental tweaks to the current system will not be enough; a full, long-term structural overhaul is required.

    The first core reform is a radical shift in power: instead of control resting with Western lawmakers and senior leaders of international aid organizations, decision-making authority should be transferred to local communities and the people who actually receive aid. International organizations that operate in crisis zones should be required to clearly justify their involvement, set explicit timelines for exiting, and transfer full authority to local leaders as quickly as possible. Spiegel noted that the UN currently suffers from redundant, overlapping humanitarian operations, with agencies competing against one another for funding and influence. To address this, the report recommends consolidating all UN humanitarian emergency operations into a single, streamlined unified agency focused exclusively on operational response.

    Additional key recommendations include the creation of a new Global Health Protection Alliance tasked with preventing attacks on healthcare infrastructure and holding perpetrators accountable for violations, the adoption of measurable health outcomes — such as preventable death rates and continuity of care — as core indicators of compliance with international humanitarian law, and the establishment of an independent, global pooled humanitarian fund that is fully insulated from donor political pressure. The report also calls for expanding direct cash assistance to affected populations, which bypasses inefficient and politically compromised traditional aid delivery systems.

    At its core, the report argues that the right to health must be the central, non-negotiable principle guiding all humanitarian decision-making. Spiegel argues that the current confluence of geopolitical shifts and massive funding cuts creates a rare, once-in-a-generation opportunity for transformative change. While global leaders may not embrace reform voluntarily, the scale of the current crisis will force change across the board. “Our goal is to try to find and provide a pathway to make it so it’s transformative,” Spiegel said.

  • What really holds China and Russia together

    What really holds China and Russia together

    A candid off-script conversation caught on a hot microphone last September has offered a rare, unfiltered glimpse into the close personal and diplomatic bond between Chinese President Xi Jinping and Russian President Vladimir Putin, as the two leaders walked through Beijing’s iconic Tiananmen Square. In the casual exchange, Putin was heard musing on the possibility of extending human lifespan dramatically through sequential organ transplants, even joking about achieving immortality, to which Xi responded by noting expert projections that humans could reach a 150-year lifespan within the current century. For two long-ruling leaders who have publicly called each other their closest friend and have held power for a combined 39 years with no plans to step down, the lighthearted, off-the-record chat offered one of the few public insights into a partnership that has long been misunderstood and shrouded in secrecy. This week, that partnership is stepping back into the global spotlight, as Putin prepares to return to Beijing to mark the 25th anniversary of the landmark Treaty of Good-Neighbourliness and Friendly Cooperation between the two nations. The visit comes on the heels of U.S. President Donald Trump’s high-profile, extravagantly staged trip to meet Xi last week, which featured opulent banquets with gold tableware and a private tour of an ancient cultural site. In stark contrast, Putin’s visit has been deliberately low-key, with almost no advance details released to the public. The Kremlin has confirmed that one key goal of the trip is to hear a first-hand account of the discussions between Trump and Xi during the U.S. leader’s visit. It has also been reported that during Trump’s walk through Zhongnanhai — Beijing’s closed leadership compound, rarely accessed by foreign visitors — Xi casually referenced his long-time friend Putin, joking that the Russian leader had previously toured the restricted political space. While some in Washington have held out hope that Trump could persuade Beijing to distance itself from Moscow, analysts broadly agree that those hopes are little more than unfounded wishful thinking. In recent years, the two countries have formally described their bilateral connection as a “friendship with no limits”, but the reality of the partnership is far more nuanced than the slogan suggests. The dynamic between the two nations is deeply asymmetric, with any bilateral agreements overwhelmingly favoring Chinese terms, according to Alexander Gabuev, director of the Carnegie Russia Eurasia Center. “Russia is fully in China’s pocket, and China can dictate the terms,” Gabuev explains. This power imbalance is most visible in the economic sphere: China holds the position of Russia’s largest single trading partner, while Russia accounts for just 4% of China’s total global trade. China’s overall economy is many times larger than Russia’s, and it dominates exports to the Russian market. Years of sweeping Western sanctions imposed on Russia following its 2022 full-scale invasion of Ukraine have gradually pushed Moscow deeper into economic and diplomatic alignment with Beijing, creating new opportunities for Chinese firms to fill gaps left by departing Western companies. A prime example is Chinese tech giant Huawei, which has been targeted by U.S. sanctions and forced out of the United Kingdom’s 5G network. The company has capitalized on the exit of Western competitors to become a central foundational player in Russia’s telecommunications industry. As Russia’s economic and technological links to the West have fractured, China has become the primary source of expertise for Russia across technology, science, and industrial sectors. Most critically for Moscow’s foreign policy goals, Russia has grown increasingly dependent on Chinese components to sustain its war machine in Ukraine. A recent analysis from Bloomberg found that more than 90% of the technology restricted by Western sanctions that Russia imports now comes from China, representing a 10% increase from the previous year. Russian leadership is acutely aware of the risks that come with this lopsided dependence. In a recent commentary titled “We bow to no one”, Dmitry Trenin, president of the Moscow-based Russian International Affairs Council think tank, emphasized that Russia has no desire to become a vassal state of Beijing. “It’s absolutely essential for us to maintain an equal footing in our relations and to remember that Russia is a great power which cannot be a junior partner,” Trenin wrote. Yet for Moscow, there are few viable alternative partners to replace Beijing. China offers a scale of market demand for Russia’s core exports that no other country can match, a role that has become integral to Russia’s economic stability amid its break with the West. If China were to reduce its trade volumes with Russia, it would severely undermine Moscow’s ability to pursue its core foreign policy and military objectives. Despite the imbalance, Russia retains key buffers that prevent Beijing from exerting unchecked dominance over the relationship, analysts note. Marcin Kaczmarski, a security studies lecturer at the University of Glasgow, explains that Chinese policy makers are fully aware of the severity of the power asymmetry, and have deliberately adopted a policy of self-restraint to avoid a backlash among Russian political elites. “I would say that a summary of Chinese policy towards Russia is one of self-restraint. China is not pushing Russia around,” Kaczmarski says. This cautious approach stems in large part from recognition that while Russia is the junior partner, it remains a proud major power that is unlikely to acquiesce to external pressure. Gabuev points to a notable example from 2023, when Xi Jinping visited Moscow and was widely reported to have urged Putin to refrain from using nuclear weapons in Ukraine. Just days after the meeting, Russia announced it would station tactical nuclear weapons in neighboring Belarus, a move widely interpreted as a deliberate show of resistance to external pressure and a reminder of Russia’s independent strategic posture. While Russia’s protracted war in Ukraine creates certain liabilities for China, it also brings tangible strategic benefits for Beijing as it navigates its own regional tensions, particularly surrounding Taiwan. “Russia brings a lot to the table in terms of some military technologies such as niche equipment that it can still sell, and testing some Chinese equipment or components,” Gabuev says. Beyond military technology, Russia’s vast reserves of oil and natural gas hold huge strategic importance for China, which has been seeking to diversify its energy supplies to reduce geopolitical risk. In a May press conference, Putin noted that the two sides were close to achieving a “highly significant step forward in oil and gas cooperation”, a comment widely interpreted as referring to the long-stalled Power of Siberia 2 pipeline project. After years of slow negotiations, Russian energy giant Gazprom and China National Petroleum Corporation have reportedly signed a preliminary agreement for the pipeline, which will deliver 50 billion cubic meters of Russian natural gas to China each year via Mongolia. If completed, the project will be a transformative development for China’s energy security, particularly as tensions escalate in the strategic Strait of Hormuz. For Beijing, the shift toward increased reliance on Russian energy is not just a matter of pricing; it is a critical investment in long-term energy security amid growing global geopolitical instability. Unlike formal military alliances that require rigid coordination and shared commitments, the China-Russia partnership is defined by its deliberate strategic flexibility, a feature that analysts say gives it surprising resilience. “It is not an alliance, but a flexible strategic partnership,” explains Bobo Lo, former deputy head of mission at the Australian Embassy in Moscow, a partnership that has defied repeated Western predictions of imminent collapse. Western analysts have typically framed the Sino-Russian relationship in one of two extreme narratives: either as a unified “axis of authoritarianism” bound together by a shared goal of undermining the U.S.-led global order, or as a brittle, untrustworthy brotherhood on the brink of collapse. Neither narrative captures the nuanced reality of a deeply integrated partnership that two neighboring countries have built around shared core interests, despite their significant power asymmetry and occasional divergent priorities. Lo notes that even if both countries were to improve their relations with the West, they would still retain strong incentives to maintain close cooperation. The foundational shared interests are clear: first, they share a 4,300-kilometer border that was once a source of constant tension and insecurity, but is now a peaceful frontier that supports cross-border trade and cooperation. Second, their economies are deeply complementary: Russia is a leading exporter of energy and raw materials, while China’s massive industrial economy provides a ready, large-scale market for those exports. Third, both countries share a core opposition to the existing U.S.-led international order. A further unifying feature is the mutual non-interference stance the two countries adopt toward each other’s internal affairs. Unlike Western nations, which often condition engagement on shared values and human rights standards, Moscow and Beijing do not publicly criticize each other for controversial domestic policies. Western nations have raised repeated concerns over alleged large-scale human rights abuses in China’s Xinjiang region, which China denies, and over the death of Russian opposition leader Alexei Navalny, but neither Russia nor China has commented on these issues in the other’s case. “They don’t criticise each other over Xinjiang, the poisoning of Russian Navalny and so on. And they look eye-to-eye on a lot of issues of local governments in the UN… that creates an organic symbiotic relationship,” Gabuev says. This pragmatic approach to bilateral relations has deep historical roots that stretch back through the final years of the Soviet Union and into the post-Soviet era, he adds. On the question of whether the partnership will remain durable over the long term, one anonymous Chinese analyst acknowledged that the public framing of the relationship as an inseparable “boundless friendship” is partially performative, designed to project an image of unity and stability to the world. In practice, the public display of unity acts as a useful political tool to smooth over occasional differences in national priorities. While both countries oppose what they frame as “Western hegemony”, their strategic approaches to challenging that order differ significantly. The analyst noted that Russia favors building a new global order that completely bypasses the United States, while China adopts a far more cautious and pragmatic stance, prioritizing gradual, long-term gains over open confrontation and avoiding rash, high-stakes decisions. A clear example of this divergence came in China’s measured response to U.S. actions in Iran in the lead-up to Trump’s visit: Beijing refused to abandon its planned summit preparations, a choice that “clearly shows Beijing’s willingness not to provoke and not to close doors,” the analyst said. China has prioritized keeping communication channels open with Washington and avoiding unnecessary provocation, a markedly different approach from Russia’s more confrontational stance. Beyond high geopolitics, the depth of the Sino-Russian partnership is also being shaped by growing people-to-people ties, a factor that is often overlooked in mainstream analysis. From the top down, Xi and Putin have worked to cultivate an image of close personal friendship that sets the tone for broader bilateral connections. This visit will mark Putin’s 25th trip to China, and Russian bureaucratic officials interact with their Chinese counterparts more frequently than with officials from any other country. Not all analysts are convinced that popular cultural affinity between the two publics runs deep. Charles Parton, a former British diplomat to China, argues that ordinary citizens of both countries still prioritize the West when it comes to travel, study, and investment. “Do Chinese want to study in Moscow and settle in Moscow and buy flats in Moscow? No,” Parton says, noting that when given the choice, Russians prefer to invest and settle in Western cities like Paris, London, and Cyprus rather than Beijing. But Gabuev pushes back on that claim, arguing that people-to-people connections have grown rapidly in recent years, driven largely by Western sanctions and tighter European visa policies that have pushed ordinary Russians to turn toward China. A mutual visa-free travel regime between the two countries means Russians can easily travel to major Chinese cities, with multiple daily direct flights from Moscow. Russians are also increasingly adopting Chinese consumer technology and automobiles, a trend that has accelerated following Western sanctions that cut off access to many European and American brands. “So the interconnectedness, visa-free travel and ease of payment and navigation makes China much closer than it used to be. And then all of the exchange programmes, scholarships, joint research programmes bring the two societies closer,” Gabuev says. While the growing power imbalance between Moscow and Beijing remains a long-term structural weakness for the partnership, most analysts agree that predictions of an imminent collapse are unfounded, at least in the near term. Despite their differences and divergent priorities, Lo says, “The Sino-Russian partnership remains resilient. Both sides recognise that it is too important to fail, especially given there are no viable alternatives to continuing cooperation.”

  • English Premier League clubs accused of sportswashing Israel’s atrocities

    English Premier League clubs accused of sportswashing Israel’s atrocities

    London-based anti-poverty and human rights campaign group War on Want has released a damning new report that accuses four top English Premier League clubs of violating the freedom of expression and discriminating against pro-Palestinian staff and supporters, while documenting widespread corporate sponsorship ties between top flight clubs and entities that enable Israel’s military actions and apartheid policies in Gaza and the occupied Palestinian territories.

    Titled *Red Card: English Premier League sportswashing Israel’s atrocities against the Palestinians*, the investigation names Arsenal, Brighton & Hove Albion, Burnley and Everton as the clubs that have disproportionately targeted pro-Palestinian workers and fans for punishment. The report builds on years of scrutiny of the global league’s extensive commercial and ownership ties to international actors with direct links to Israel’s military occupation and ongoing military campaign in Gaza.

    Among the most high-profile cases documented is that of Mark Bonnick, a kitman who had served Arsenal for 22 years before his abrupt dismissal on Christmas Eve 2024. Bonnick was targeted in an online smear campaign that accused him of antisemitism over social media posts criticizing Israel’s conduct in Gaza. While both the Football Association (FA) and Arsenal’s own internal review found no evidence of antisemitism – a conclusion backed by Jewish anti-racism organizations – the club ultimately fired Bonnick on the grounds that his posts had brought the club “into disrepute”. War on Want argues Arsenal prioritized the demands of hostile pro-Israel campaigners over the staff’s right to peaceful expression in support of Palestinian human rights.

    Other cases of discriminatory treatment laid out in the report include a Brighton season-ticket holder banned from the club’s stadium for five years simply for wearing a pro-Palestine t-shirt, while an Israeli academy coach at the same club faced no disciplinary action after posting a social media message calling Palestinians “human animals” and saying “Let them die a death of suffering”. An Everton female fan was barred from entering the club’s new Hill Dickinson Stadium for wearing a Palestine-branded shirt, and Burnley has been criticized for failing to act after a senior club consultant liked a social media post claiming Palestinians are “invented people” and “the biggest Jew haters on Earth”.

    Beyond the suppression of pro-Palestinian speech, the investigation finds that at least nine of the 20 Premier League clubs count direct sponsorship from companies that War on Want deems complicit in Israel’s atrocities. The nine clubs named are Arsenal, Chelsea, Crystal Palace, Everton, Fulham, Liverpool, Manchester City, Manchester United and Tottenham Hotspur. Of these, War on Want identifies Liverpool, Arsenal, Tottenham, Manchester City and Manchester United as the most deeply entangled with companies facilitating Israeli military actions and apartheid. Additionally, Arsenal, Fulham, both Manchester clubs and Newcastle United are flagged for potential implication through the activities of their owners.

    In total, the report documents 15 current Premier League sponsors that it says profit from and are complicit in Israel’s genocide, illegal 56-year occupation and apartheid system. These include six major technology and surveillance firms – Canon, Cisco, Google/Alphabet, HPE, Oracle and Sony – that provide critical infrastructure enabling Israeli military and population control operations. Cisco, which holds an official technology partnership with Manchester City, supplies servers, cybersecurity tools and communications equipment to both the Israeli military and national police. Even as Manchester City manager Pep Guardiola has publicly voiced support for Palestinian rights this season, the club’s Emirati ownership maintains close political alliances with Israel and has been accused of fueling the ongoing civil war in Sudan through backing for the Rapid Support Forces paramilitary.

    Financial and energy firms that sponsor Premier League clubs also feature prominently in the report: AXA, BP, Eurobank, Evelyn Partners, HSBC and Standard Chartered are all named as enabling Israeli atrocities through financing and energy supplies. BP provides crude oil directly to the Israeli military, while the listed financial institutions have collectively invested billions of dollars in companies that support Israel’s military campaign and occupation. Coca-Cola, another major sponsor, operates subsidiaries and facilities including vineyards in occupied East Jerusalem, the West Bank and the Golan Heights, territory captured and occupied by Israel in 1967 in a move not recognized by international law.

    Additional firms that provide material or ideological support to Israel, per the report, include Meta, Deel, Emirates, Etihad, Puma, Wix and X (formerly Twitter). Google’s parent company Alphabet holds government contracts with Israel to provide cloud storage and core tech infrastructure that supports the country’s military, apartheid-era population tracking and border control systems. Oracle, co-founded by prominent Zionist philanthropist Larry Ellison, built the IT infrastructure that underpins Israel’s military operations and even donated specialized equipment to Israeli army units operating in Gaza during the current genocide.

    Notably, the entire Premier League is indirectly backed by Barclays, the league’s title sponsor, which War on Want says has a long history of enabling Israeli apartheid.

    “What remains unclear is why clubs and English football institutions can be so hostile to peaceful expressions of support and justice for Palestinians enduring genocide and apartheid,” said Neil Sammonds, War on Want’s senior Palestine campaigner, in an interview with Middle East Eye, which first reported on the findings. “Is it conscious or unconscious anti-Muslim or anti-Palestinian hatred? Is it support for Israel, or fear of upsetting people who support Israel? A lot more needs be done to understand this, and to challenge it.”

    The report comes amid longstanding criticism of the Premier League’s transformation into a globally focused, billion-pound business. The league is broadcast to 200 countries, generates more than £10 billion ($13.4 billion) in annual revenue and boasts a global fanbase of up to two billion people. Its clubs are increasingly owned by foreign investment vehicles, including sovereign wealth funds from Saudi Arabia and the United Arab Emirates, leading to repeated accusations that league officials have prioritized commercial profit over ethical standards and the working-class roots of the sport.

    War on Want’s findings add a new layer of ethical controversy to the league, which has faced repeated calls to address the suppression of pro-Palestinian speech and cut ties with sponsors complicit in Israel’s actions in Gaza.

  • ‘FedEx says your parcel has drugs’: The scam that trapped an Indian comedian

    ‘FedEx says your parcel has drugs’: The scam that trapped an Indian comedian

    In October 2024, Mumbai-based stand-up comedian Ankita Shrivastav received a routine phone call that would turn into an eight-hour ordeal of extortion and psychological manipulation, becoming a stark example of India’s exploding digital fraud crisis. The caller, claiming to represent FedEx, told Shrivastav that police had intercepted a package she had supposedly sent to Iraq containing illegal narcotics. The conversation quickly shifted to what scammers now call a “digital arrest”: the fraudsters connected her to two men posing as uniformed police officers over a video call, who ordered her to comply with their demands while her identity was being verified.

    For nearly a full workday, the fake officers controlled Shrivastav through her laptop camera: she was forbidden from turning off the device, leaving her home, or contacting any friends, family, or actual law enforcement. They bombarded her with detailed questions about her personal finances, bank accounts, and transaction history, repeatedly emphasizing the severity of the false charges and the legal trouble she would face if she did not cooperate. Speaking to the BBC, Shrivastav recalled the unrelenting pressure leaving her disoriented and emotionally drained, desperate to end the terrifying experience. By the time the scammers cut contact, she had authorized transfers totaling 900,000 Indian rupees, equal to roughly $9,300, only to realize minutes later that the entire operation was an elaborate scam.

    Like many scam victims, Shrivastav faced the added sting of judgment after the incident. “‘You’re educated, how did you get scammed?’ That is what everyone I told asked me,” she said, a question she has repeatedly asked herself. Shrivastav kept her experience private until April 2025, when she turned her trauma into a 30-minute stand-up set uploaded to her YouTube channel, designed to raise public awareness of how easily anyone can fall victim to these schemes.

    Shrivastav is far from alone in facing this type of cybercrime. New data from India’s National Crime Records Bureau (NCRB) shows that cybercrime incidents rose nearly 18% year-over-year in 2023-2024, with total losses to digital fraud exceeding 220 billion rupees. Registered cybercrime cases hit 101,928 in 2024, a nearly 50% jump from just three years prior in 2021. Among the most common cons reported nationwide is the “digital arrest” scam, a rapidly evolving tactic where criminals impersonate police or government officials to falsely accuse victims of crimes, trap them in continuous video calls, and intimidate them into transferring funds.

    Digital scams extend far beyond fake arrests: fraudsters also deploy fake investment platforms, phishing emails and SMS messages to steal sensitive credentials such as one-time passcodes (OTPs) and account passwords, and increasingly use artificial intelligence to clone voices of loved ones or public figures to extract money. Experts note that while rising reported cases partly reflect improved reporting systems, the trend also underscores a dramatic shift in the nature of criminal activity in India. An editorial in *The Telegraph* framed the NCRB data as a reflection of “the emerging anxieties of a society that is being reshaped by technology, urbanisation and economic change,” noting that new forms of cybercrime are putting unprecedented pressure on India’s overstretched criminal justice system.

    For Shrivastav, that pressure has translated to little progress recovering her lost funds. After multiple trips to local law enforcement and banking institutions, she said she has yet to see any results: “The scammers were one step ahead of the police and bank authorities.” NCRB data supports her frustration: by the end of 2024, roughly 100,000 cybercrime cases remained stuck in the investigation pipeline, with close to 75,000 yet to go to trial.

    Indian authorities have not ignored the growing crisis. In 2020, the federal government launched the Indian Cybercrime Coordination Centre (I4C), a national body that partners with domestic and international agencies to disrupt cybercrime networks. The government has also rolled out a dedicated 1930 cyber fraud helpline, an online portal for reporting and blocking fraudulent activity, run widespread public awareness campaigns, and updated data protection and technology laws to crack down on deepfake and AI-enabled voice scams. Most recently, Home Minister Amit Shah announced that I4C is collaborating with the Reserve Bank Innovation Hub to leverage artificial intelligence to identify and shut down “mule accounts” – the bank accounts and digital wallets scammers use to launder stolen funds while hiding their identity. India’s central bank is also currently drafting new regulatory measures to target digital scammers.

    Even with these interventions, cybercrime rates continue to climb. Journalist and author Soumya Gupta, who wrote *Bharat Bluff: Inside the cons of India’s internet revolution*, explains that the rapid expansion of internet and smartphone access across India has put hundreds of millions of new users at risk. Recent government data shows that more than 86% of Indian households now have internet access, but digital literacy initiatives have failed to keep pace with this boom. While public awareness campaigns and media reporting are slowly closing that gap, Gupta emphasizes that scamming relies far more on psychology than technology.

    In her writing, Gupta notes that scammers build schemes to exploit universal human vulnerabilities: fear, greed, core beliefs, and social connections. Once a victim is pulled into a scam, many struggle to extract themselves, either out of shame to admit their mistake or due to the sunk-cost fallacy that keeps them complying as more money is on the line. Scammers also closely track users’ online activity to craft personalized cons that feel credible and compelling to their targets.

    For Shrivastav, the scammers exploited two deep-rooted vulnerabilities: a cultural fear of police authority and a desire to protect her public reputation as a comedian. “From a young age, we’re taught to be afraid of the police and to obey authority. That ingrained fear overrode the alarm bells that were ringing in my brain,” she explained. “I was also eager to prevent any incident that would spoil my reputation among fans.”

    Sharing her story through stand-up comedy felt like a risky, vulnerable step – she worried audiences would judge her as foolish for falling for the scam. But she said the choice to go public was necessary: “I wanted people to know that if I – an educated, urban woman who considers herself to be street-smart – could get scammed, it could happen to anyone.”

    Gupta echoed Shrivastav’s call for caution, urging internet users to carefully protect their personal data online and follow two core rules: any offer that seems too good to be true almost certainly is, and if a situation feels off, stop all communication and reach out to a trusted source or official authority for help.