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Power & Diplomacy

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Tax promises, defence targets and Iran: Andy Burnham’s budget headaches

As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot When Andy Burnham made his first speech after returning as an MP, he promised that as prime minister he would oversee “the most significant change moment in our politics for 40 years”. His style, direction and communication has been a big shift from Keir Starmer’s approach, but as he heads into the autumn, the new prime minister faces some very similar problems. With an early budget in late October, and worsening economic circumstances, Burnham has made promises and commitments that put him in a tight spot. Here are some of the constraints over the coming months that Burnham and the chancellor, John Healey, must contend with in their autumn budget...

The Guardian

The Guardian view on political donations: Labour should curb the power of big money | Editorial

Before becoming prime minister, Andy Burnham favoured a £500,000 donations cap. In office, he’s backing away. That is a mistake On the campaign trail in Makerfield, Andy Burnham told a democracy activist that he favoured a political donations cap of around £500,000 and wanted it reduced over time. His government is now resisting amendments that would move in precisely that direction. Mr Burnham was right in May. He is wrong now. It is difficult to argue that restricting a single person to giving half a million pounds a year to a political party would damage democracy. Such a cap would only affect the mega-rich. Reducing the cap would force parties to wean themselves off the present regime that allows the rich too much say. There are two contra arguments swilling around Labour. The first is that there should be room for wealthy, progressive donors – whose cash helps rebut claims that Labour is in the pocket of the trade unions. The second is the warning from unions that a cap could undermine their ability to contribute to the Labour party. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please..

The Guardian
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‘Inept, incompetent, craven’: Scott Bessent struggles to clean up the president’s mess

There’s little optimism about treasury secretary’s ability to handle Trump’s tariffs, Iran sanctions and colossal US debt History remembers Gen Dwight Eisenhower, the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will achieve similar posterity as the face of the “economic D-day” in Iran remains to be seen. The US treasury secretary, already trying to manage a $40tn national debt pile, this week took charge of Donald Trump’s effort to reverse-engineer his war of choice. Whereas the US would typically take on an adversary with diplomacy, sanctions and military force, in that order, the US president started with a six-month bombing campaign and now hopes that economic isolation can finish the job...

The Guardian

Iran war reaches 6-month mark: Conflict cost $1,100 per US taxpayer

After six months of war, Iran’s leadership has coalesced around a hard core of military generals and clerics long entrenched in the ruling theocracy. They are ready for a potentially long confrontation with the US and determined to prevent any unrest at home. It’s a far cry from US President Donald Trump’s initial hopes of toppling the Islamic Republic and his subsequent claims that “regime change” had brought more compromising officials to the fore. In an analysis, FRANCE 24's Philip Turle said the war had so far cost around 1,100 US dollars for each US taxpayer.

France 24
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Iranian leaders admit economic toll of war with US as trade drops 35%

Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35 per cent due to the American sanctions and blockade. The warnings came even as other leaders threaten the US with military retaliation and declarations that the Iranian navy maintains control of the Strait of Hormuz, the strategic waterway giving Iran ‌leverage through its ability to...

South China Morning Post

They laid down arms. Now ex-guerrillas in Colombia fear fate under new hardline president

‘Total peace’ plan of previous government led only 99 of Colombia’s 30,000 armed combatants to disarm, but new president Abelardo De la Espriella opposes peace agreements In mid-June, 99 guerrilla fighters were flown by helicopter to a small settlement in a rural area of southern Colombia where they lined up and, one by one, handed their weapons to government officials: rifles, pistols, machine guns and grenade launchers. They also stripped off their heavy tactical vests, field packs and camouflage uniforms, which were each piled into a bonfire to mark the beginning of a new life away from an armed conflict that has claimed nearly half a million lives in the last six decades...

The Guardian

China’s Middle East policy at a crossroads 6 months into US-Israeli war on Iran

Gulf states are making a strategic pivot as the war in Iran drags on into its sixth month but observers warned that their shift towards self-reliant defence networks could test China’s “involvement without commitment” strategy in the region. The war has forced Gulf leaders to face the reality that neither the United States nor China is able to protect them from attacks by Iran. On Wednesday, the Iranian army warned that any “possible future war” with the US could spread across the region and...

South China Morning Post
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Iran war live: Tehran stands firm over US sanctions; settlers besiege Qusra

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Guinea-Bissau votes on a stronger presidency: What’s at stake?

The proposed constitution would give the president more power and reshape parliament and elections.

Today

US revokes visa of former Iraqi minister after watchlist listing

The US has revoked an award-winning former Iraqi minister’s visa after the FBI placed her on a ‘terrorism watchlist'.

Power & Diplomacy

Trump announces new US oil agreement with Venezuela

US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves. The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with ⁠private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth...

Power & Diplomacy

RSS chief’s US visit faces protests over Hindu nationalism

Indian Hindu leader Mohan Bhagwat is due to speak in New York as human rights groups protest his visit.

Today

Modi Is Hedging Against Trump, One Deal at a Time

In a year of globe-trotting, the Indian prime minister has secured deals around the world as the United States becomes less dependable.

Power & Diplomacy

US Treasury sanctions Hong Kong-based firm over Iran money laundering ties

The United States announced sanctions on a Hong Kong company on Friday for allegedly helping launder funds for a sanctioned Iranian exchange house, the latest Chinese entity to be targeted as part of Washington’s expanded efforts to squeeze Iran’s financial sector. The development comes as Washington has in recent days slapped new Iran-related sanctions on various Chinese entities, prompting Beijing to vow retaliation just weeks before Chinese President Xi Jinping’s expected visit to the...

Today

Suresh Gopi backtracks on Thrissur AIIMS remark again, says ‘never promised’ it during poll campaign

Union Minister insists Kerala government must take the initiative, as his earlier AIIMS comments trigger fresh questions

Today

Why some Wang Fuk Court owners have refused buy-back deal even as deadline nears

As the deadline approaches for homeowners to accept the Hong Kong government’s deal to buy back their flats at fire-ravaged Wang Fuk Court, some who refuse to sell have said the offer cannot make up for the loss of their property and communal bonds. With the clock ticking to the August 31 cut-off date, the South China Morning Post spoke to six residents determined not to sell their homes at the devastated Tai Po estate, even though experts see the government’s offer as generous and compulsory...

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