Regional mediators are stepping up efforts to prevent further escalation between Iran and the US. Qatar held talks in Tehran, while Oman is proposing a plan to manage shipping through the Strait of Hormuz. Al Jazeera’s Resul Serdar explains.
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
The Kremlin today confirmed it’s in contact with Turkey over the fate of Ankara’s Russian-made S-400 air defense systems. Reports have emerged that Turkey could soon transfer the controversial missiles to an unnamed Gulf state in a move aimed at convincing Washington to lift sanctions and clear the way for Ankara’s return to the F-35 program.
Asked Friday whether Turkey had sought Russia’s approval for the reported transfer, Kremlin spokesman Dmitry Peskov declined to comment on the substance of the report but confirmed Moscow is discussing the issue with Ankara.
“I can say one thing here: this is an extremely sensitive issue. However, we have been in contact with the Turkish side on this matter, and we will continue to maintain contact with them on this issue.”
Reports in the Turkish media say that Ankara is considering transferring its S-400 systems to an unspecified Gulf country, but the Turkish government has not confirmed that.
“According to the information I’ve gathered, the S-400s have been sold to a third country,” journalist Abdulkadir Selvi wrote in the Turkish newspaper Hürriyet on Friday. “The sale will be announced today. The S-400s are going to a country in the Gulf.”
Both the United Arab Emirates and Qatar have been named as potential candidates to receive the systems.
Turkey will announce today the sale of its S-400 batteries to the United Arab Emirates, in order to lift the restrictions on the sale of F-35s to the country.
There were indications at the NATO Summit in Ankara earlier this week that the United States was considering softening its stance on the issue of F-35s for Turkey.
“Why wouldn’t we do that?” U.S. President Trump said when asked if he would let Turkey back into the program. “Turkey, in many ways, has been much more loyal than other countries that we think would be loyal.”
Nevertheless, Turkey’s possession of the S-400 remains a sticking point.
Roll-out of the first F-35A for Turkey during a ceremony at the Lockheed Martin plant in Fort Worth, Texas, United States on June 21, 2018. Photo by Atilgan Ozdil/Anadolu Agency/Getty Images Anadolu
Washington took that decision after Turkey refused to abandon its purchase of S-400 systems, amid security concerns around the Russian-made system and the F-35. By that time, around 30 F-35As had been built for Turkey. Most of these were later transferred to the U.S. Air Force.
It now seems that Turkish President Recep Tayyip Erdogan is willing to give up the S-400s to regain access to the F-35 program.
Turkey bought the S-400 in 2017, but the systems have reportedly spent most of their service life in storage. Separate reports have also questioned the S-400’s combat performance in Indian service during last year’s India-Pakistan conflict.
A view of Murted Air Base, Turkey, as cargo aircraft carrying components of S-400 systems land on July 14, 2019. Photo by Gokhan Balci/Anadolu Agency/Getty Images Anadolu
From Turkey’s perspective, regaining access to the F-35 would deliver far greater long-term military and industrial benefits than retaining the S-400. Lockheed Martin anticipates that by the 2030s, more than 600 F-35s will be operated from more than 10 European countries, including two U.S. Air Force squadrons in the United Kingdom. Turkey would be able to benefit from a significant European operator footprint and, potentially, could reinstate lucrative local production for F-35 components.
In the past, Moscow has said that contractual obligations from the S-400 acquisition prevent it from being resold or transferred by Turkey without formal authorization. However, there is now also the possibility that Russia might want to take back the S-400s to bolster its own air defenses, which are increasingly strained by the ongoing war in Ukraine. As Kyiv piles on the pressure with long-range drone and cruise missile strikes against Russia, getting more S-400s for homeland defense would also be very welcome.
Operators of the NGU special unit “Lasar’s Group” struck an S-400 air defense launcher in the Belgorod region using a heavy bomber drone.
The operation was carried out jointly with the 429th Separate UAV Battalion and the Joint Forces Grouping. pic.twitter.com/FnQp82ZjGc
On the other hand, there will still be some resistance to Turkey’s readmission to the F-35 program. Any kind of major defense deal with Turkey involves some kind of pushback from U.S. lawmakers.
As well as the S-400 issue, U.S. lawmakers have historically been concerned about Turkey’s relations with Greece, its other connections with Russia and Azerbaijan (which included the deployment of F-16s to the latter country), its conduct in the Syrian civil war, and human rights abuses. Previously, Turkey’s opposition to Sweden joining NATO also proved to be a significant hurdle.
The process to get Turkey back into the F-35 program would involve a lifting of the sanctions placed on it under the Countering America’s Adversaries Through Sanctions Act (CAATSA). To do this, Trump would need to formally notify Congress that the S-400s are no longer operational, that Turkey no longer possesses any of the systems, and that Ankara has pledged not to pursue similar defense ties with Russia in the future. Congress could still put the matter to a vote if lawmakers were still unconvinced that these conditions have been met.
An infographic outlining U.S. sanctions on Turkey over its S-400 purchase. Photo by Muhammed Ali Yigit, Sadik Kedir Abdu/Anadolu Agency via Getty Images Anadolu
There have been recent signs that, under Trump in particular, Turkey is getting more access to high-end defense equipment. This reflects broader improvements in Washington’s relationship with Ankara, with Erdogan frequently receiving praise from the U.S. leader.
Last month, reports emerged that the Trump administration planned to go ahead with the sale of dozens of F110 engines required to power Turkey’s homegrown TF Kaan combat jet, despite some resistance from Congress. You can read more about that here.
In early 2024, the U.S. State Department finally approved a possible Foreign Military Sale to Turkey of 40 new F-16C/D Block 70 fighters, which Ankara had long campaigned for, plus the upgrade of 79 existing aircraft to F-16V configuration.
A Turkish Air Force F-16C during air refueling operations in Exercise Ramstein Flag 25 over the North Sea, March 31, 2025. U.S. Air Force photo by Senior Airman Christopher Campbell Senior Airman Christopher Campbell
Ankara’s push to regain access to the F-35 has taken on added urgency as rival Greece moves ahead with its own approved purchase of the stealth jets. We explored how that rivalry is reshaping both countries’ air forces in this previous feature.
Moreover, Turkey is looking to modernize its fighter fleet and, denied the F-35 and with F-16 deals moving forward only slowly, it has been forced to look elsewhere to meet its short-term fighter needs. Most notably, it signed a deal for 20 Eurofighter Typhoon jets last year.
A Turkish return to the F-35 program would also have implications for the Kaan program. Renewed defense ties with Washington could ease access to critical technologies and support for the homegrown jet, while acquiring the F-35 would also reduce some of the urgency behind the Kaan, which was accelerated in part after expulsion from the Joint Strike Fighter program. Even so, Ankara has consistently presented the Kaan as a long-term strategic project intended to give it an independent fighter capability rather than simply replace the F-35. It also comes with the option for lucrative exports.
With the strongest signs yet that Ankara is ready to relinquish its S-400s, it would represent a remarkable reversal of one of the most consequential defense procurement decisions in Turkey’s recent history. Whether that proves sufficient to reopen the door to the F-35 program, however, will ultimately depend as much on Congress as on the White House.
President Trump has ousted members of a bipartisan federal election commission that resisted his efforts to require would-be voters to document their U.S. citizenship before registering.
The White House on Friday confirmed the executive action against members of the Election Assistance Commission, which distributes federal grants to states, oversees the testing of voting systems and maintains the national voter registration forms.
It’s the latest move in the Republican president’s effort to expand White House influence over how U.S. elections are conducted and comes after a recent U.S. Supreme Court ruling that gave the president new personnel authority to fire members of independent agency boards.
“The President, and head of the Executive Branch, reserves the right to remove individuals that may not be totally aligned with the important task of securing America’s elections and ensuring every legal vote is counted. The Slaughter decision gives the President precedence to do so,” said a White House statement to AP.
The president removed the commission’s two Democratic members, Thomas Hicks and Benjamin Hovland. The panel’s Republican member, Christy McCormick resigned. Former Republican commissioner Donald Palmer already had left his post voluntarily earlier this year.
The changes were first reported by VoteBeat, a news outlet that covers elections and voting across the U.S.
While the White House statement did not offer a specific reason for Trump’s action, the commission has previously declined to change the national voter registration form to require documentation of an applicant’s U.S. citizenship, as Trump’s urged in a sweeping March 2025 executive order on U.S. elections. A federal judge blocked the order, ruling it exceeds the president’s authority since the U.S. Constitution grants authority over elections management and oversight to Congress and the states. The administration has indicated it will appeal.
It was not clear whether Trump planned to nominate new members immediately or leave the positions vacant — a move that, months ahead of midterm elections, could prevent the agency from distributing new grants to state or local elections offices and, at the least, complicate its role in overseeing testing and certification of voting systems around the country.
“The Administration from the start has been working across all agencies and local partners to safeguard elections from fraud and abuse, and investing in a strong infrastructure to sustain that mission especially in the midterm elections,” the White House said.
Congress created the four-member commission as part of the Help America Vote Act, a bipartisan law signed by Republican President George W. Bush in 2002. The act requires the commission to include two Democrats and two Republicans, nominated by the president and confirmed by the Senate. Hicks and McCormick were appointed by President Barack Obama. Trump appointed Hovland during his first presidency.
According to VoteBeat, Hicks and Hovland were notified of their removal by an email signed by Morgan DeWitt Snow, the deputy director of presidential personnel in the Executive Office of the President.
The armed forces of the Democratic Republic of Congo (DRC) have launched a large-scale drone offensive to reclaim towns and villages seized by M23 rebels in the South Kivu province.
The targeted areas are in the plateau regions of Fizi, Uvira, and Mwenga, where intense fighting is currently underway between the M23 fighters and the DRC forces. Supported by the Wazalendo, a militia group in the country, the Congolese army claimed to have retaken several villages in the areas surrounding Minembwe, particularly Point Zero and Rugezi, both in South Kivu.
On July 7, Reagan-Mbuyi Kalonjo, spokesperson for Operation 2 Sud Sud-Kivu, stated that Congolese forces recaptured the strategic positions of Kimete, Kihene, and Kashamata. “Elements of the M23/AFC-Twirwaneho-RDC-Red Tabara rebel coalition have been constrained to withdraw towards Rugezi and Bigaragara to the south of Minembwe,” Reagan-Mbuyi revealed.
The ongoing conflict happens to be in a region with poor telephone coverage, which delays access to information from independent sources. The Congolese national army has condemned the M23 drone bombardment on the village of Bidjaga, located east of Point Zero, as well as other densely populated villages. This attack resulted in ten deaths, according to an army communiqué.
The ongoing conflict between M23 rebels and the Congolese armed forces has intensified in the South Kivu province of the DRC. M23, a rebel group that claims to represent the interests of the ethnic Congolese Tutsi population, has sought to expand its control over strategic territories in the region, leading to violent confrontations with the Congolese army. The DRC forces, supported by the local militia group Wazalendo, have recently been deploying drone technology to reclaim towns and villages that have fallen under M23’s control.
The conflict has also drawn international attention due to its humanitarian implications, as civilian populations in the affected areas face severe risks. Despite the complexities of warfare in a region marked by poor communication infrastructure, the clashes have been continuous, exacerbating the already precarious security situation for locals and creating a pressing need for humanitarian assistance.
Six months after Nicolás Maduro’s military removal by US forces, the political situation in Venezuela can be summarized very schematically.
Under the 1999 Constitution, on July 3, Maduro’s absence became absolute. Under this assumption, Article 233 of the Constitution states that presidential elections must be held within 30 consecutive days following July 3. Meanwhile, Delcy Rodríguez remains as acting president, filling Maduro’s absolute absence.
The elections would be the final part of the third phase of the plan that Trump administration officials and Marco Rubio in particular often mention.
However, we know that elections will not be held in the short term, as there is a consensus that a new National Electoral Council (CNE) and conditions of electoral integrity are necessary. That is because, in theory, the first two phases outlined by the US government—stabilization and recovery—should first be completed.
So, how can the Venezuelan opposition push for free elections someday?
To do so, Venezuelans must first determine who within the Venezuelan opposition should lead the charge.
Naturally, it would be María Corina Machado. However, there is evidence that the Trump administration does not want her to be that lead person. I am not saying the White House does not want Machado to be a presidential candidate, but that everything seems to suggest that the Trump administration does not want her to lead the process toward those elections. Which is a different matter.
No political actor can achieve anything significant without the support, or at least the acquiescence, of the US.
Therefore, if the US government does not want Machado to lead the political process that will lead us to free elections, who is the US government backing? It has only given two indications so far.
One, somewhat farcical even in terms of US foreign policy, was that Trump invited Enrique Márquez, a satellite political leader, to the State of the Union address. It was a message to say that the US president does not want Machado leading the process that would lead to free elections.
The other was the return of Dinorah Figuera, president of the 2015 National Assembly Delegated Commission, to Venezuela, at the invitation of the US, where she was received at the airport by US embassy personnel. Upon arrival, Figuera met with Chargé d’Affaires John Barrett and National Assembly president Jorge Rodríguez. In this way, the Trump administration emphasized its vision of who would be the opposition’s interlocutor.
Finally, after the earthquakes, there was a third, even clearer message: to disavow Machado’s trip to Venezuela.
At this point, it is worth remembering that at this moment in Venezuelan political history, no political actor can achieve anything significant without the support, or at least the acquiescence, of the US. Like it or not, the result of the January 3rd operation is that we find ourselves under a tutelage of both the regime and the opposition.
Given this reality, where should we push for the Venezuelan transition?
The 2015 National Assembly, with US support, could dedicate itself to building the electoral roadmap together with the 2026 National Assembly.
If the Trump administration doesn’t want Machado to lead the process toward free elections, and the last clear signal it sent was to involve the 2015 National Assembly, perhaps that’s the path we should follow.
From what we understand, the idea of involving the 2015 National Assembly, through 6 or 12 of its members, is to work with the 2026 National Assembly to build an institutional roadmap leading to elections, specifically the appointment of a new board for the CNE, and perhaps the formation of a new Supreme Court of Justice (TSJ).
It is known that this option generates deep distrust in Machado, who attempted to thwart it, apparently unsuccessfully, with the Panama Manifesto, in which she declared, among other things, that she should lead the negotiations with the interim regime. However, it seems that if a definitive break with the Trump administration is not desired, Machado and the 2015 National Assembly should reach agreements.
The first could be that the 2015 National Assembly, with the support of the US government, dedicates itself to building the electoral roadmap together with the 2026 National Assembly. Naturally, Machado’s opinion would be taken into account at all times. This should lead to the appointment of a new CNE board and a new TSJ. Then, the electoral legislation and administrative regulations would have to be reformed to create conditions that allow for truly free elections. Machado’s opinion would also be taken into account at all times.
Finally, a primary election could be held within the opposition, allowing opposition voters to express their views. It is likely that Machado will be re-elected as the opposition candidate. This way would open an acceptable option for those who control this process: an electoral path around the 2015 and 2026 National Assembly elections, and then presidential elections in which, predictably, María Corina Machado will win.
South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yun Cheol and representatives of government agencies, policy-finance institutions and major shipbuilders attend a signing ceremony for a Korea-U.S. shipbuilding cooperation investment agreement at the Export-Import Bank of Korea in Seoul on Thursday. Photo from the Ministry of Trade, Industry and Resources, used under KOGL Type 1.
June 25 (Asia Today) — South Korea launched a policy-finance framework Thursday to support $150 billion in shipbuilding cooperation with the United States, seeking to share early-stage investment risks with domestic companies expanding into the U.S. market.
The Korea-U.S. Strategic Investment Corporation, four state-backed financial institutions and three major South Korean shipbuilders signed a memorandum of understanding at the Export-Import Bank of Korea headquarters in Seoul.
The agreement is the first institutional step toward implementing the $150 billion shipbuilding cooperation package included in a bilateral strategic investment memorandum signed in November 2025.
The participating financial institutions are the Export-Import Bank of Korea, Korea Development Bank, Korea Trade Insurance Corp. and Korea Ocean Business Corp.
The three shipbuilders are HD Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean.
Under the agreement, the participants will establish a Korea-U.S. Shipbuilding Cooperation Investment Council to identify U.S. investment projects, coordinate policy financing and jointly monitor their implementation.
The Export-Import Bank of Korea will serve as the council’s secretariat, coordinating communication among the institutions and overseeing the progress of individual projects.
South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yun Cheol said shipbuilding cooperation is one of the two main pillars of strategic investment between South Korea and the United States.
Koo urged the investment corporation and policy lenders to develop financing measures that can provide companies with sufficient funding when it is needed.
“The government and policy-finance institutions must actively seek ways to share the risks and uncertainty of initial investments that individual companies cannot bear alone,” Koo said.
He said the initiative should help South Korean shipbuilders support the rebuilding of the U.S. shipbuilding industry while creating new contracts and markets across South Korea’s domestic shipbuilding supply chain.
The benefits should extend beyond large shipbuilders to small and midsize shipyards and marine equipment suppliers, he said.
“We must create a path for small and midsize shipbuilders and equipment suppliers to participate together as Team Korea,” Koo said.
The government plans to use the council to develop financing for investments in U.S. shipyards, naval vessel construction, maintenance, repair and overhaul services and commercial shipbuilding.
The policy-finance structure is intended to help companies manage the large capital requirements and financial risks associated with entering the U.S. market.
Financial Services Commission Vice Chairman Kwon Dae-young described the initiative as an opportunity for South Korea’s shipbuilding industry to demonstrate its capabilities in the global market.
“We will actively support the necessary financing through close cooperation among the newly established Korea-U.S. Strategic Investment Corporation, policy-finance institutions and private financial companies,” Kwon said.
Park Dong-il, deputy minister for industrial policy at the Ministry of Trade, Industry and Resources, said the Make American Shipbuilding Great Again initiative, or MASGA, represents the first strategic overseas expansion project in the history of South Korea’s shipbuilding industry.
Park said encouraging signs were emerging in the United States, including potential orders for South Korean companies.
He called on policy lenders to coordinate closely so shipbuilders can enter the U.S. market without delays.
“The signing ceremony is expected to provide initial momentum for the MASGA project and create a new opportunity for South Korea’s shipbuilding industry to advance,” Park said.
Shipbuilding companies also pledged to identify commercially viable projects with government financial support.
HD Hyundai Heavy Industries CEO Lee Sang-kyun said producing tangible results from the bilateral cooperation was the most important objective.
“This cooperation should develop into a system that simultaneously supports the growth of South Korea’s shipbuilding industry and the rebuilding of the U.S. shipbuilding base,” Lee said.
South Korean shipbuilders will identify investment opportunities that offer profitability and can be carried out effectively using their advanced technology, he said.
Lee also urged the government to prepare a broad range of support measures to help create a turning point in bilateral shipbuilding cooperation.
The government said it will use the agreement to begin full cooperation among the investment corporation, policy-finance institutions and shipbuilders.
It also plans to expand the Team Korea framework so small and midsize shipyards and marine equipment suppliers can participate in projects entering the U.S. market.
The Trump administration asked Congress on Wednesday to pass a law allowing year-round sales of gasoline blended with 15% ethanol, marking the first formal push by his White House to enact the policy and siding with the biofuels industry against
EVIAN-LES-BAINS, France — President Trump said Wednesday that he was delaying federal prosecutor Jay Clayton’s nomination to lead the U.S. intelligence community in a bid to force Congress to act on a voter ID bill that currently lacks enough support for passage.
The Republican president said in a social media post just hours before Clayton’s scheduled confirmation hearing that he will keep Bill Pulte, a top U.S. housing official, as acting director of national intelligence. Democratic and Republican lawmakers had opposed Trump’s selection of Pulte, citing his lack of known experience in intelligence and his use of his current administration perch to target perceived adversaries of the president — resistance that last week forced Trump to turn to Clayton.
The abrupt announcement creates instant uncertainty over the long-term leadership of the 18-agency intelligence community and dashes hopes for a swift renewal of a crucial surveillance program that expired in Congress last week due to bipartisan anger over Trump’s pick of Pulte.
That tool, Section 702 of the Foreign Intelligence Surveillance Act, permits spy agencies to collect without a warrant the communications of targeted foreigners located outside the United States. National security officials across both major political parties have for years described Section 702 as vital for gathering intelligence that can disrupt terror attacks and espionage operations, though some lawmakers and civil liberties advocates have raised concerns over the government’s use of information about Americans that is incidentally collected through the program.
Clayton had been set to appear on Wednesday for a Senate confirmation hearing that was fast-tracked because of the program’s lapse. Democrats had said they would not renew the expired surveillance programs until Trump withdrew the selection of Pulte.
Trump’s post suggests that debate to revive Section 702 could be indefinitely postponed. Lawmakers have sounded the alarm about the government operating without congressional authorization of the powerful spy tool.
A court order from last March certified that the program could continue for another 12 months, though it’s possible that communications companies could challenge the government’s authority to force them to cooperate and share data.
In his social media post, Trump accused Democrats of breaking a deal to renew the program after he nominated Clayton. Trump also said he does not want to remove Clayton from his current position as U.S. attorney for the Southern District of New York before his replacement, James McDonald, is approved. McDonald was named to the Justice Department post on Saturday.
And Trump added another condition: linking his approval of the surveillance program to the passage of a bill requiring people to show ID to vote.
“Therefore, to add a slight bit of intrigue but, for the Good of the Nation, and the People of our Country, I will not approve FISA without THE SAVE AMERICA ACT going along with it,” Trump said, using the acronym for the surveillance program and his name for the voter ID bill.
The Republican-controlled Congress has not acted on the voting bill because it does not have enough support in either chamber, particularly from Democrats.
Trump made the announcement in Evian-les-Bains, France, where he was participating in the final day of the Group of Seven summit of leading industrial economies.
The intelligence director position became available after Tulsi Gabbard, who had held the job, announced last month that she was resigning to spend time with her husband as he fights cancer.
Clayton, a chairman of the Securities and Exchange Commission during Trump’s first term, has spent the last 14 months as the top federal prosecutor in Manhattan, one of the Justice Department’s premier posts.
His office during that time facilitated the unsealing of thousands of pages of court records from the prosecutions of Jeffrey Epstein and Ghislaine Maxwell, documents that were made public as part of the Justice Department’s release of records related to the late sex offender and his longtime confidant.
Clayton has also overseen the prosecution of former Venezuelan President Nicolás Maduro and Maduro’s wife, Cilia Flores, on drug trafficking charges.
Epstein died by suicide in a New York jail cell in 2019 while awaiting trial on sex trafficking charges. Maxwell was convicted of luring teenage girls to be sexually abused by Epstein but insists she’s innocent. Maduro and his wife have protested their capture and said they’re not guilty.
Madhani, Superville, Tucker and Jalonick write for the Associated Press. Superville reported from Geneva. Tucker and Jalonick reported from Washington.
OpenAI is facing a fresh regulatory challenge after a group of state attorneys general demanded a wide range of documents about how ChatGPT protects the people who use it, a move that arrives at a delicate moment for the company as it lays the groundwork for a potential public listing.
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The investigation, which arrived just days after OpenAI filed confidential paperwork for an IPO, threatens to complicate a listing that some analysts expect will value the ChatGPT maker at roughly $1 trillion (€861bn).
According to The Wall Street Journal, which first reported the matter, OpenAI received the subpoena on Friday from a group of states, with the inquiry led by New York’s attorney general.
Officials are requesting material covering the company’s advertising practices, how it keeps people using its service, its handling of consumer and health data, and its policies towards minors and older adults.
OpenAI said it would engage with the offices behind the request and stressed that protections are already built into its product.
A spokesperson stated that the company takes the concerns raised by the attorneys general “seriously” and works to bring the benefits of the technology to people responsibly. However, the firm has not confirmed which other US states are taking part.
Mounting legal pressure
The subpoena adds to a growing list of legal headaches.
Last Thursday, a Canadian woman sued OpenAI, blaming ChatGPT for her daughter’s suicide. Earlier in June, Florida Attorney General James Uthmeier filed suit against the company and CEO Sam Altman after two shootings in which the alleged attackers reportedly used the chatbot to plan their crimes.
OpenAI responded that its models repeatedly urged the individuals to seek help from mental health professionals and that it cooperated with the police in both cases.
These are not the first courtroom tests of the year for OpenAI.
In May, a federal jury in Oakland, California took less than two hours to reject Elon Musk’s lawsuit accusing Altman of abandoning the firm’s nonprofit roots, finding he had filed too late. Musk, who called the ruling a “calendar technicality”, said he would appeal.
The clampdown also extends across the industry.
European regulators have opened investigations into Musk’s rival chatbot Grok over antisemitic and sexualised content, including deepfake images.
Anthropic, also preparing an IPO, was told by the Trump administration to restrict two of its models abroad on national security grounds, illustrating how AI governance has become an increasingly fraught political battleground.
The United Arab Emirates has agreed to unlock billions of dollars for Iran, pursuing a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state amid its ongoing war with the United States and Israel, four sources told the Reuters news agency.
The report on the move coincided with the final stages of broader negotiations between Tehran and Washington to end the war. Diplomats say those talks involve the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under US sanctions.
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Two regional sources told Reuters that the UAE had agreed to release a total of $10bn, more than $3bn of which had already been delivered.
Two other sources with knowledge of the arrangement put the total funds involved at $20bn, adding that the move had been agreed in return for a halt to Iranian attacks on the UAE.
One of the sources with knowledge of the arrangement also said a first tranche of $3bn had already been made available.
Reuters could not establish whether the funds earmarked for the transfers belong to the UAE or originate in long-blocked Iranian accounts in the UAE banking system, or elsewhere.
But a UAE official, asked to comment on the transfer, said the country was trying to ease tension and foster peace.
“The UAE’s foreign policy is guided by promoting de-escalation and reducing tensions across the region, while advancing lasting peace and stability,” the official said.
“The UAE supports efforts, including those undertaken by the United States, to protect the peoples of the region from the repercussions of conflict.”
The White House did not immediately respond to Reuters’s request for comment on the move.
‘Red line’ workaround
Earlier on Friday, Vice President JD Vance said that frozen funds would not immediately be released to Iran upon signing a deal with the US.
He said the potential deal is structured to ensure that economic benefits would flow to Tehran if it meets its obligations.
There was no immediate response from Iranian authorities to a Reuters request for comment on the move.
None of the sources cited by Reuters would agree to be identified due to the sensitivity of the matter.
The arrangement signals a striking pivot from the open animosity of UAE-Iran relations through much of the war, when Iranian attacks emptied Dubai’s hotels, drove some expatriates to flee and shook the reputation for safety that is central to the country’s position as a premier business hub.
One of the sources with knowledge of the arrangement said the move offered a way to help solve the conflict between the US and Iran without either side crossing its red line. Iran can claim it extracted compensation for war damages. Washington can insist it paid nothing.
Abu Dhabi, meanwhile, obtains its own security and protects Dubai’s hub status, while framing the move as an investment in rebuilding regional trust.
The other source with knowledge of the arrangement said that in return for the disbursement, Iran would halt missile and drone attacks on the UAE, and there would be a rebuilding of bilateral ties, including intelligence sharing and economic cooperation.
The source added that Iran had approached at least two other Gulf Arab countries to make a similar arrangement.
The last known direct attack by Iran on the UAE was more than a month ago – a May 4 strike on the Gulf state’s Fujairah port on the Gulf of Oman.
The first source with knowledge of the arrangement said talks had started several weeks ago but quickened pace when officials of Iran’s powerful Revolutionary Guard visited Abu Dhabi last week to meet Sheikh Tahnoun bin Zayed al Nahyan, the UAE’s national security adviser and deputy ruler of Abu Dhabi, and stayed at his guest house.
That trip was followed by a visit by UAE officials to Tehran to negotiate the details of the mechanism.
Frozen funds
Dubai’s banks have long held substantial Iranian-linked deposits, much of them now immobilised under US sanctions that police the global dollar-clearing system and expose any foreign bank dealing with blacklisted Iranian entities to being cut off from the US financial network.
On April 11, a senior Iranian source told Reuters that the US had agreed to release Iranian frozen assets held in Qatar and other foreign banks, although a US official swiftly denied the assertion.
The source, who declined to be named due to the sensitivity of the matter, said that unfreezing the assets was “directly linked to ensuring safe passage through the Strait of Hormuz”, a key issue in talks aimed at ending the conflict.
Since its creation more than a century ago, the Los Angeles Bureau of Street Lighting has been in the lamppost business and little else.
But in recent months, the little-known city agency has found itself pulled into a fierce debate over L.A.’s relationship with Flock Safety, a surveillance technology company that has been criticized for supplying data used to enable the Trump administration’s immigration crackdown.
In L.A., Flock operates dozens of automated license plate readers, which allow authorities to scan for vehicles that have been reported stolen or are registered to known fugitives, tracking their movements throughout the city.
The devices are often mounted on municipal light poles, which makes the Bureau of Street Lighting responsible for their installation.
Reports that Flock has shared license plate data with federal authorities, including U.S. Immigration and Customs Enforcement, have prompted dozens of mostly smaller cities across the country to end their relationship with the company. But in L.A. it still has found willing customers, including the LAPD.
Hundreds of emails obtained by The Times through public records requests reveal how LAPD boosters, homeowner associations and elected officials have engaged in a months-long campaign to pressure the Bureau of Street Lighting to speed up installations of the plate readers.
Flock, headquartered in Atlanta, said that it contracts with roughly 5,000 U.S. law enforcement agencies nationwide, and that its technology complies with a California law that limits what information can be shared with federal authorities. A company spokesperson said that Flock’s technology is “built around transparency, accountability, and local control.”
“Our customers own and control their data, which is deleted after 30 days by default,” the spokesperson, MoMo Zhou, said in a statement to The Times. “Our platform includes safeguards like audit trails to help ensure accountability at every step. Every day, Flock supports communities across the country in addressing crime and locating missing people.”
The Bureau of Street Lighting, with 177 employees and a relatively modest budget of $49.4 million, would seem an unlikely player in the broader debate over police surveillance. It is primarily tasked with repairing and fortifying the city’s more than 210,000 streetlamps — a frequent target of copper wire thieves — and maintaining its network of electrical vehicle charging stations.
The push to put up more plate readers has come amid calls for greater transparency around the Los Angeles Police Department’s dealings with Flock. In March, the Police Commission asked the department to report back on what information the company’s scanners collect and share. In recent months, the commission declined to approve donations of Flock cameras.
Members of the Stop LAPD Spying Coalition held a news conference to express opposition to Flock Safety, a license plate reader, ahead of a Los Angeles Board of Police Commissioners meeting on March 3, 2026.
(Genaro Molina / Los Angeles Times)
The commission ordered its inspector general to conduct an audit of the LAPD’s use of license plate reader technology, with the findings expected to be released in the summer.
Recently, Councilmember Ysabel Jurado introduced a motion urging the commission to “refrain from entering into any new Memoranda of Understanding, Contracts, or other Agreements, or implement any pilot programs with Flock Safety or its affiliates.” LAPD officials said last month that the city attorney’s office has been working on drawing up a formal contract with Flock.
Behind the scenes, though, the pressure to work with Flock has been ratcheting up from other council offices and community groups.
When a representative from Councilmember Katy Yaroslavsky’s office emailed the streetlighting bureau urging speed, she received a response that said the installation process shouldn’t be rushed because some city light poles can’t support the weight of a Flock reader, which is normally powered by a solar panel.
“The last thing we need is to have a pole fall onto someone or something if there are high winds,” the bureau’s Clinton Tsurui wrote in the June 4, 2025, email.
In another exchange, Tsurui expressed frustration with a colleague who had offered what he thought was an overly optimistic timetable for installing new plate readers.
He wrote: “smh, promising things we can’t do is going to catch up with us one day.”
The Los Angeles Police Foundation, a nonprofit group that has long bankrolled equipment for the LAPD and offered other support, has criticized delays in installing the Flock devices. Last year, the foundation facilitated the donation of dozens of Flock cameras, most of which ended up in affluent neighborhoods on the city’s Westside and in the San Fernando Valley.
Records show that in May 2025, Dana Katz, the foundation’s executive director, reached out to the mayor’s office with a request to waive permit and rental fees associated with installing the new readers. Katz wrote in an email that the extra expense of around $2,000 per device were “cost prohibitive and detrimental to public safety.”
Katz also pointed out that in some places, there are no city-owned poles on which to mount the devices — but offered a possible solution.
“Flock has its own pole that has been accepted by the County of Los Angeles for these situations, and we would like the City to accept the use of them, too,” she wrote to Robert Clark, the city’s then-deputy mayor of public safety.
A few of L.A.’s historic streetlights stand outside the Bureau of Street Lighting’s office near Virgil Avenue and Santa Monica Boulevard.
(Jason Armond / Los Angeles Times)
Katz wrote Clark again on Aug. 6 to ask why officials were estimating a six-to-12-month wait for approval of new Flock readers on public property in the neighborhoods of Cheviot Hills and Brentwood Park, where there were no existing city poles to mount them. She noted that the county’s engineering department had already approved the company’s poles, and asked Clark whether there was a way for the city to “piggyback on these other entities’ approvals in order to speed this up so that these neighborhoods don’t have to wait so long for help in preventing these home invasions?”
In the following weeks, Katz’s emails took on an increasingly urgent tone. In one of her last messages, email records show, she told an aide she expected more help than the mayor’s office was offering.
“With all due respect, the answers you have provided are completely generic and do not provide any guidance and direction as to how we can expedite this process,” she wrote.
She added: “I’ve said it before, and I will say it again — these delays are harmful to public safety.”
A spokesperson for the mayor’s office told The Times that ultimately neither Clark nor the aide intervened on the Los Angeles Police Foundation’s behalf.
Email records show Flock’s courtship of the bureau dates at least to spring 2024, when the company agreed to donate two of its plate readers to help combat copper thefts.
Tsurui emailed LAPD Capt. Celina Robles to say that the company’s executives had requested an in-person meeting with the bureau and the LAPD “to discuss the benefits of this product and how it can benefit the city moving forward.”
On June 24, 2024, a lobbyist from the D.C. firm Modern Fortis emailed Bureau of Street Lighting Executive Director Miguel Sangalang seeking to “explore a public-private partnership” between Flock and the city. Sangalang took another meeting to discuss Flock a few months later with former City Councilmember Joe Buscaino, who after leaving City Hall had gone to work for Ballard Partners, a powerful Florida-based lobbying firm.
In January 2025, after wildfires devastated Pacific Palisades, Altadena and other areas, Flock stepped in again. The company agreed to donate more than 50 plate readers, free of charge for six months, to the wealthy Palisades area, where residents and law enforcement officials were on high alert about potential theft.
A Flock Safety automated license plate reader in Costa Mesa.
(Courtesy of the city of Costa Mesa)
In the days and weeks that followed, city and police officials continued to pepper the bureau about speeding up the approval process.
On Jan. 21, 2025, records show, Cmdr. Randall “Randy” Goddard of the LAPD’s Information Technology Bureau wrote streetlighting officials to say that the Palisades community “could use a big favor from your department.”
LAPD Chief Jim McDonnell “fully supports this and has been working with the City Attorney’s office to finalize the terms,” Goddard wrote.
Mexico and Canada have backed extending the USMCA trade agreement for another 16 years as negotiations over its future continue. The proposal comes amid an ongoing trade dispute with the United States.
Malaysia has introduced new regulations preventing children under the age of 16 from registering accounts on social media platforms as part of a broader effort to improve online safety and protect minors from harmful digital content.
Under the new rules, major social media companies including Meta Platforms, TikTok, and Alphabet will be required to verify users’ ages using government issued records before allowing new account registrations.
The policy took effect on Monday and is being enforced by the Malaysian Communications and Multimedia Commission. Companies that fail to comply could face fines of up to 10 million ringgit, equivalent to approximately 2.5 million dollars.
Authorities emphasized that the measure is not intended to block children from using the internet entirely, but rather to ensure greater responsibility among technology companies, parents, and guardians in protecting young users online.
How the New Rules Will Work
The new framework requires social media platforms to implement age verification systems that cross check user information against official government records.
While the restrictions immediately apply to new account registrations, existing users will also be subject to age verification measures during a six month implementation period.
The move places greater responsibility on technology companies to ensure that underage users are not able to bypass age requirements through inaccurate information during the registration process.
Growing Concerns Over Children’s Online Safety
Malaysia’s decision reflects increasing global concern about the impact of social media on children and teenagers.
Governments around the world have raised alarms over issues including exposure to harmful content, cyberbullying, online exploitation, misinformation, and the effects of excessive social media use on mental health.
Policymakers argue that stronger safeguards are needed as digital platforms become a central part of daily life for younger generations.
Malaysia’s Wider Crackdown on Online Content
The age restrictions are part of a broader effort by Malaysian authorities to regulate online platforms more aggressively.
Officials have reported a significant increase in harmful online content in recent years and have intensified monitoring of material that could inflame racial or religious tensions. Authorities have also targeted content viewed as insulting or critical of the country’s monarchy.
The government says social media companies must play a more active role in preventing harmful content from reaching vulnerable audiences.
Why It Matters
Malaysia’s decision places it among a growing group of countries seeking stricter regulation of social media platforms and greater protections for children online.
The policy could become a model for other governments considering similar measures, particularly as concerns over digital safety continue to grow worldwide. It also increases pressure on technology companies to develop more reliable age verification systems while balancing privacy concerns and user accessibility.
The move highlights the growing debate over who should bear responsibility for protecting children online, governments, technology firms, or parents.
Key Stakeholders
Children and Teenagers
Young users will face stricter age verification requirements before being allowed to create social media accounts.
Parents and Guardians
Families are expected to play a larger role in monitoring children’s online activities and ensuring compliance with age restrictions.
Social Media Companies
Major technology platforms must implement and maintain age verification systems while ensuring compliance with Malaysian regulations.
Malaysian Government
Authorities aim to reduce children’s exposure to harmful content and strengthen oversight of online platforms.
Digital Rights and Privacy Advocates
Advocacy groups will closely monitor how age verification systems are implemented and whether they affect privacy and data protection standards.
What Happens Next
Social media companies now have six months to complete age verification checks for existing users and fully integrate compliance systems for new registrations.
Regulators are expected to monitor implementation closely and may impose penalties on platforms that fail to meet requirements. The effectiveness of the policy will likely be assessed based on whether it reduces underage access and limits exposure to harmful content.
Other countries in the region may also watch Malaysia’s experience as they consider similar online safety measures.
Analysis
Malaysia’s new restrictions reflect a broader global shift toward stronger regulation of digital platforms, particularly where children are concerned. Governments are increasingly moving away from voluntary industry guidelines and toward legally enforceable requirements that place direct responsibility on technology companies.
The success of the policy will depend largely on the effectiveness of age verification systems. If implementation is weak, underage users may still find ways to access platforms. If verification measures are too strict, however, concerns about privacy, data security, and accessibility could emerge.
The regulation also signals a growing willingness among governments to intervene in how social media platforms operate. As concerns about online safety continue to rise, Malaysia’s approach may become an important test case for balancing child protection, digital rights, and platform accountability in the years ahead.
The leading candidates for mayor fanned out across Los Angeles this weekend to make their final cases to voters ahead of Tuesday’s hotly contested primary election.
An energized Mayor Karen Bass galvanized crowds of labor union workers sporting union merch Saturday. “Four more years!” crowds chanted as a slew of local and state Democratic heavyweights joined the incumbent.
City Councilmember Nithya Raman spent the day dashing between local restaurants and bars in an old-school yellow Scout convertible to meet with business owners and her supporters.
Meanwhile, former reality TV personality Spencer Pratt hosted a block party in Baldwin Village with barbecue food, free merch and American-flag lawn chairs — although he spent much of the event off to the side, listening to the concerns of Black residents.
Recent polls have placed Pratt and Raman within striking distance of Bass, who had enjoyed a comfortable lead for much of the campaign. A recent survey, co-sponsored by The Times, had Bass at 26%, Raman at 25% and Pratt at 22% — with a roughly 3% margin of error in either direction and 10% of voters undecided.
The top two candidates in Tuesday’s jungle primary will advance to a November runoff, unless one candidate manages to garner over 50% of the vote.
Mayoral candidate Spencer Pratt speaks with Diane Waterhouse, a caregiver and Westchester native, about homelessness and drug addiction at a campaign event Saturday in Baldwin Village. “We just talk about it like, ‘oh it’s Skid Row, that’s just where the drug addicts are.’ No, there’s communities, there’s kids, there’s people that work there, businesses,” Pratt said.
(Noah Haggerty / Los Angeles Times)
“I believe God moves mountains; I believe that you can get that 51% on that Tuesday,” Diane Waterhouse, a 60-year-old caregiver, told Pratt at his Baldwin Village event.
On the lawn of Jim Gilliam Park on Saturday, supporters from across the city chanted Pratt’s name, took selfies in front of black campaign vans with his hummingbird logo and ate cookies decorated with his face as kids raced around on scooters and played with the handful of dogs attending.
But Pratt — who had spent the morning at the West Los Angeles Animal Shelter speaking with animal welfare advocates — headed toward the nearby recreation center to talk with residents away from the cameras.
“Most people that come here and want our vote — we give y’all our vote; we’re still living like this. Nothing changes,” Erica Helon, a 40-year-old bus driver, told Pratt in one of the most tense moments of the event.
Pratt, wearing a beige suit and a hat with his name stylized like the L.A. Lakers logo, emphasized he was in South Los Angeles to listen and wasn’t even asking residents for their votes. He pulled Helon aside and gave her his personal phone number so they could talk more.
“I’m here because I want to be a voice for the community,” he said at one point. “I’m here because I don’t know what I don’t know.”
Helon, who is still undecided, left the event open-minded on Pratt.
“I would love to see what he’s going to do for this city,” she said.
Los Angeles mayoral candidate Nithya Raman joins a group photograph during a campaign stop Sunday with SevaSphere volunteers after preparing meals for people experiencing homelessness at Oaks Kitchens.
(Kayla Bartkowski / Los Angeles Times)
Raman, who has made publishing detailed policy plans a staple of her campaign, spent Saturday meeting with local restaurant owners after recently dropping a policy plan for small businesses.
Around sunset, the yellow convertible pulled up to Lowboy Bar, an Echo Park staple. Raman, sporting a Japanese Dodgers hat and a rainbow City Council fanny pack, joined campaign staff for drinks at tables covered in “Nithya Raman for Mayor” pins.
A few young Angelenos, starting out their nights in trendy getups, recognized Raman and stopped by to chat and take pictures.
“I’ve lived in L.A. for 12 years. It’s a very, very important city to me,” said Ryan Bergeron, a 35-year-old who works in marketing and does art on the side.
Bergeron, who is on the Echo Park neighborhood council, hopes Los Angeles can serve as a “beacon in an otherwise scary time in the country” as it tackles affordability, the housing crisis and sustainability issues.
As for Raman, “I’ve seen her as a councilmember and been really proud of that,” Bergeron said. When she announced her candidacy for mayor, “It felt like everything really clicked.”
Mayor Karen Bass and Councilmember Monica Rodriguez attend the Los Angeles Democratic Party and Avance Democratic Club Carne Asada Tour, a community event held Saturday at the Yosemite Recreation Center. Avanceis one of the country’s largest Latino Democratic clubs.
(Karla Gachet / For The Times)
Bass, conversely, wound down after a day of union rallies by eating tacos at the Yosemite Recreation Center’s picnic tables in Eagle Rock with several local politicians, including Councilmember Monica Rodriguez and county Democratic Party Chair Mark Ramos.
California Atty. Gen. Rob Bonta and L.A. County Sheriff Robert Luna had joined Bass earlier in the day. Although Luna missed out on the picnic, he still enjoyed several tacos in his car.
Come Sunday, Raman, wearing jeans and a chartreuse cardigan, was greeting bike riders at a Sawtelle coffee shop and speaking to a phone bank group at UCLA.
“It is absolutely essential to making sure that our little campaign, without all the political machine behind us, without MAGA millions behind us, that our vision of Los Angeles still manages to get out to the people, and your work today is an essential part of that,” Raman told a group of United Auto Workers-represented graduate students from multiple nearby universities.
She had several other appearances scheduled for the rest of the day, including lunch with a group of Korean American Democrats in Koreatown, Encinofest, a block party in Silver Lake and a visit to Boyle Heights.
“There seems to be increasing awareness about the race and excitement about the issues,” Raman told The Times. “It’s been really exciting to see people engaging and feeling positive about the city’s future.”
About two dozen students spoke to potential voters associated with UAW and urged them to mark Raman’s name on their ballots by Tuesday.
Stephanie Wert, a 30-year-old psychology graduate student at UCLA and head steward for UAW, said the phone bank could determine whether Raman’s campaign would survive the week.
“This vote is going to be decided on the margins, and so I think we could really make the difference that pushes her to the runoff,” Wert said.
Bass peeked around the back doors of a supporter’s Venice home Sunday afternoon to cheers from several dozen supporters at an intimate event. Speaking over small snack plates and beverages, many said they saw real improvements in the homeless populations around their neighborhood during Bass’ tenure as mayor.
Tatiana Barhar, a Venice resident for over 30 years, said she saw in real-time an “extreme” homelessness problem get better during Bass’ term, thanks to her Inside Safe program. “I want to support her,” she said. “I think there’s a lot more she can do.”
Bass spoke of 1960s-level crime rates, thousands of unhoused people pulled off the street into housing and efforts to build up Hollywood during her time as mayor. “We got a lot to do,” Bass said. “We have such a bright future in the nation’s second-largest city, and I hope that you will continue to be there with me as we win.”
Pratt’s moves on Sunday remained more elusive. His campaign emphasized he was hoping to have intimate moments with L.A. communities, instead of a media and influencer frenzy like some of his previous, more widely publicized events.
One of those more intimate moments was a community event in a Latino neighborhood near downtown L.A. on Sunday morning. Pratt had spent Thursday in New York for some national media interviews to “get the message to as many people as possible.”
Replimune (REPL) won over the FDA to submit a marketing application for its lead asset RP1 for the third time despite previous rejections, thanks to the intervention of White House officials, The Wall Street Journal reported, citing people familiar with the matter.
European shares edged lower on Tuesday as hopes for an imminent de-escalation in the Middle East conflict faded following fresh U.S. strikes on Iran, triggering renewed geopolitical uncertainty across global financial markets.
The pan-European STOXX Europe 600 Index slipped 0.2% to 630.33 points by 0833 GMT, retreating from gains that had recently pushed it close to record levels.
On Monday, the index had closed at its highest level since late February, briefly coming within 1% of an all-time high on optimism that diplomatic progress could soon ease tensions in the region.
That momentum quickly reversed after renewed military action and comments from U.S. Secretary of State Marco Rubio, who said negotiations with Iran could take “a few days,” tempering expectations of a near-term resolution.
Oil Prices Jump as Hormuz Risks Return to Focus
Global energy markets reacted sharply to the escalation, with Brent crude rising more than 3%, reigniting inflation concerns across energy-importing economies, particularly in the euro zone.
The market remains highly sensitive to risks surrounding the Strait of Hormuz, a critical global shipping route through which a significant share of the world’s oil flows.
Analysts warned that any sustained disruption in the region could deepen inflationary pressures just as central banks weigh their next policy moves.
Airlines and Autos Under Pressure
Travel and transport-related stocks were among the biggest losers in Tuesday’s session.
Airlines including Lufthansa and Ryanair fell 1.4% and 0.7% respectively, reflecting investor concerns that higher fuel costs could squeeze margins.
Luxury and automotive stocks also came under pressure after Ferrari dropped sharply following the unveiling of its first fully electric vehicle.
The decline was compounded by a broader sell-off in the European autos sector, which fell 1.6% as investors reassessed competition risks from Chinese EV manufacturers and weakening global demand trends.
Market Sentiment Balances War Risk and Policy Signals
Despite renewed volatility, some investors noted that markets remain partially supported by expectations that diplomacy could still stabilize the situation.
One portfolio manager at Franklin Templeton said markets were reacting cautiously because investors believe a potential agreement could still restore stability in the Strait of Hormuz and normalize energy flows.
However, uncertainty around timing and scope continues to limit upside momentum in equities.
Inflation and Central Bank Policy Back in Focus
Attention is now shifting toward upcoming inflation data across major euro zone economies and the United States, which will help shape expectations for future monetary policy.
European Central Bank policymaker Yiannis Stournaras signaled that any persistent inflation overshoot would require a cautious shift toward tighter policy.
Market pricing currently suggests at least two further 25-basis-point interest rate moves before year-end, according to LSEG data.
Corporate Movers: Winners and Losers
While broader markets weakened, some stocks moved against the trend.
Kingfisher rose 2% after maintaining its full-year profit guidance, easing concerns about demand softness in the home improvement sector.
However, the overall tone remained risk-off as investors continued to weigh geopolitical escalation against macroeconomic uncertainty.
Analysis
The latest pullback in European equities reflects a familiar pattern: markets oscillating between hopes of geopolitical de-escalation and fears of renewed conflict risk in the Middle East.
The key transmission channel remains energy. With Europe heavily dependent on imported oil and gas, any disruption involving Iran or the Strait of Hormuz immediately feeds into inflation expectations, bond yields, and corporate earnings outlooks.
At the same time, equity markets had recently been pricing in a relatively optimistic scenario in which diplomatic talks would gradually stabilize the region. That positioning left stocks vulnerable to abrupt reversals when military developments resurfaced.
Sectoral divergence also highlights how uneven the impact of geopolitical shocks can be. Energy-sensitive sectors such as airlines and autos are under pressure, while defensive or domestically oriented companies remain relatively insulated.
The broader question for markets is whether this marks a temporary setback in diplomatic momentum or a deeper breakdown in expectations for a negotiated settlement. If tensions persist, volatility in oil markets is likely to remain the dominant driver of global equity sentiment in the near term.
WASHINGTON — The Congressional Black Caucus on Tuesday called on major corporations across the U.S., including those that previously expressed support for voting rights and racial justice, to oppose redistricting efforts by Republican-led states that seek to eliminate majority-Black U.S. House districts.
In a letter sent to more than 250 companies, members of the Black Caucus urge them to condemn the redistricting efforts, which the lawmakers describe as “coordinated efforts to silence Black voices at the ballot box.” Some of the companies had co-signed their own message to Congress five years ago urging lawmakers to pass the John Lewis Voting Rights Act, a Democratic proposal to restore and update the Voting Rights Act.
That 2021 coalition, Business for Voting Rights, was backed by many of the country’s most valuable and influential companies, including Apple, Amazon, Google, Meta, Microsoft, Tesla, Salesforce, Target, PayPal, Intel and Starbucks.
Tuesday’s letter is the latest effort by the Congressional Black Caucus and its allies to gather support for preventing more Republican-led states from redrawing their legislative maps in ways that would dilute Black political representation. Several states have moved to eliminate congressional districts represented by Black Democratic lawmakers after a U.S. Supreme Court ruling last month that severely weakened a key provision of the Voting Rights Act.
“Corporations that have profited from Black consumers, relied on Black workers, and amassed wealth in part from Black communities cannot look away while Black political power is dismantled in plain sight,” Rep. Yvette Clarke, chair of the Black Caucus, said in an interview.
Clarke described the letter as “putting corporate America on notice,” but she said the caucus was not seeking an adversarial relationship with corporations. Among those receiving Tuesday’s letter were companies based overseas that have a significant presence in the U.S.
The caucus last week called for Black athletes to boycott public universities in states that are gerrymandering their congressional maps to eliminate districts held by Black lawmakers. The 59-member Congressional Black Caucus consists entirely of Democrats, including more than a third from Southern states.
Some lawmakers have said mass protests and federal legislation might be necessary to undo the efforts underway in Republican-led states. Any new federal voting rights law would almost certainly require Democrats to secure majorities in both chambers of Congress and win the presidency.
It is unclear how companies will respond to the demands. The Associated Press was making efforts to contact them.
“Many companies that previously issued statements after the murder of George Floyd, pledged billions toward racial equity initiatives, and spoke forcefully in defense of democracy following January 6 now face a defining test of whether those commitments were rooted in principle or convenience,” the caucus’ letter states.
It also represents the latest instance of the caucus expressing frustrations with corporate America. A 2024 Black Caucus report noted that lawmakers were “troubled that some corporations that made pledges in 2020 have taken several steps in the opposite direction,” such as rolling back or failing to follow through on pledges to diversify their workforces.
“We understand who the occupant in the White House is and the reality of Republicans being in charge,” Democratic Rep. Steven Horsford of Nevada said of the caucus’ message. “But what corporate America also understands is that there will be a shift at some point.”
The letter calls on companies to publicly condemn the redistricting plans, meet with Black Caucus members to discuss corporate America’s role in protecting voting rights and disclose their political donations to Republican politicians in states that are redistricting their congressional maps.
President Trump last year kicked off the unusual mid-decade round of congressional redistricting when he pushed Texas lawmakers to redraw their maps in a way that would add Republican seats. Democratic-led California responded, but it has been mostly Republican states redrawing their lines since as the party tries to maintain its majority in the U.S. House during this year’s midterm elections.
The effort was supercharged by the Supreme Court decision, which allowed even more Republican states to redraw congressional maps that previously had protected minority communities.
Horsford, who chaired the Black Caucus during President Biden’s Democratic administration, said the caucus is demanding that companies “stand on the side of democracy, fairness and equal representation.”
“This is about power, who holds it and what it’s used for,” he said. “And when you’re diluting Black economic and political power, we need to know where these companies stand in this moment, and what side of history they’re on.”
German Trade Minister Katherina Reiche is travelling to China from Tuesday to Friday as Berlin’s trade deficit with Beijing continues to deepen.
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The trip comes two days after several of the EU’s largest economies – France, Spain, Italy, the Netherlands, as well as Lithuania – issued a non-paper urging the EU to crack down on Chinese overcapacity and unfair trade practices.
Berlin, however, did not endorse their call.
Germany remains the main chokepoint in the EU’s strategy towards China. While Euronews previously reported that the publication late last year of Germany’s trade deficit with Beijing marked a turning point for the EU executive, which is trying to sharpen its trade defence tools, Germany continues to favour cooperation with the Chinese.
In March, German Chancellor Friedrich Merz called for a trade agreement with Beijing. Brussels pushed back against the idea.
“There are a number of concerns and real challenges that the European Union has consistently expressed to China that we need to see them meaningfully address before we can even talk about any future agreements or anything like that,” the Commission’s deputy chief spokesperson, Olof Gill, said at the time.
Even with a record €87 billion trade deficit with China, Berlin hopes Beijing will keep its market open to German industry, despite the obstacles faced by EU businesses in China and the Asian giant’s strategy of reducing its dependence on foreign products.
Access to China’s market
The main objective of Reiche’s visit this week is to discuss potential economic cooperation. According to the German government, the strategy is to explore future opportunities for collaboration while maintaining dialogue with the Chinese leadership.
Despite a steadily growing trade deficit, China remained Germany’s most important trading partner in 2025. According to the Federal Statistical Office, bilateral trade volume reached €250 billion. Around 5,200 German companies operate in China, making the country one of the most important foreign markets for Germany’s automotive, mechanical engineering and electrical industries.
During the trip, Reiche is expected to hold political talks, attend a business forum and visit local companies. She will be accompanied by a business delegation representing around 40 companies. Discussions are also set to focus on the development of energy technologies.
“We hope the visit will help to transfer the insights gained on the ground into the political discussion in Berlin and to further develop bilateral exchange,” said Oliver Oehms, Executive Director of the German Chamber of Commerce in China.
In a survey published in May by the chamber, 51% of German companies operating in China supported policies favouring partnerships with Chinese companies, while 42% backed the “strategic” use of knowledge gained through such partnerships.
But these sectors are also increasingly under pressure, as Chinese competitors benefit from extensive state subsidies.
According to a report published in May by the EU think tank Centre for European Reform, the growing concentration of global car, machinery and chemicals production in China could weaken innovation in traditional manufacturing hubs and increase Beijing’s leverage over Berlin through the threat of supply disruptions, similar to its blockade of rare earth exports in 2025.
The report added that demand generated by Germany’s fiscal stimulus after easing its debt brake could end up boosting Chinese imports rather than supporting Berlin’s domestic industry.
German exports to China fell by 9.7% year-on-year, while imports of Chinese goods such as electronics, electric vehicles and components rose significantly by 8.8%.
“China has already eaten much of German industry’s lunch and is preparing to start on dinner,” the report said.
An infographic shows Hyundai Motor Group’s roadmap for deploying Atlas humanoid robots at manufacturing facilities, including plans to build annual production capacity of 30,000 units by 2028 and expand robot operations from parts sequencing to assembly work at its Georgia smart factory. Graphic by Asia Today and translated by UPI
May 25 (Asia Today) — Hyundai Motor Group is accelerating plans to mass-produce humanoid robot Atlas and deploy it at manufacturing sites, creating new software-defined factory and robotics parts organizations as it pushes to build AI-driven future factories.
Industry officials say the leading candidate for Atlas mass production is the company’s Hyundai Motor Group Metaplant America, or HMGMA, in the U.S. state of Georgia.
Analysts say Hyundai’s strategy goes beyond simply introducing robots into factories and instead aims to simultaneously establish AI-based manufacturing systems and a dedicated robotics supply chain.
According to industry sources Sunday, Hyundai Motor Group recently created a new “Software Defined Factory,” or SDF, division and appointed Alpesh Patel to lead the effort.
SDF refers to a next-generation manufacturing system in which AI integrates and controls factory-wide production, quality management and logistics through unified software systems.
The goal is not only factory automation but also real-time analysis of manufacturing data and optimization of quality control and logistics operations.
Patel, formerly with consulting firm McKinsey & Company, joined Hyundai Motor Group in 2023 and previously served as chief innovation officer at the Hyundai Motor Group Innovation Center Singapore, or HMGICS, where he led development of digital manufacturing systems.
Industry observers said Hyundai’s decision to move Patel into a broader group leadership role reflects plans to expand smart manufacturing systems validated in Singapore across global production sites.
Patel is also expected to oversee digital twin operations, production data management and AI-driven factory systems while coordinating future deployment of Atlas robots in manufacturing facilities.
Analysts say humanoid robots require integrated coordination among production equipment, logistics systems and worker movement within a unified software environment to function effectively in factories.
Hyundai Motor Group is also expanding its robotics supply chain infrastructure.
The company recently established a dedicated Robotics Parts Procurement Office and appointed So Hyun-sung to lead the division.
The office will oversee sourcing and cost competitiveness for core humanoid robot components such as actuators, robotic grippers and head modules as Boston Dynamics moves toward mass production.
Boston Dynamics reportedly requested that key Atlas components be mass-produced by Hyundai Mobis.
Hyundai Motor Group plans to build a mass-production system centered on Hyundai Mobis while linking it to global procurement networks to secure supply stability and pricing competitiveness.
Industry officials have also discussed the possibility of constructing a U.S.-based actuator production facility capable of producing about 350,000 units annually.
The company has additionally reorganized teams handling global trade risks amid rapidly changing international trade conditions.
Hyundai recently established a Global Trade Strategy Office under its Global Policy Office to oversee diplomacy, trade and tariff issues, appointing Jang Jae-ryang to lead the division.
Industry analysts said the move is intended to address growing risks involving global manufacturing and supply chains.
Georgia has emerged as the leading candidate for Atlas mass production over Massachusetts, where Boston Dynamics is headquartered, according to industry sources.
Officials reportedly concluded Georgia would allow newly produced robots to be immediately deployed and tested at HMGMA production facilities.
HMGMA already operates as a smart factory combining about 1,700 workers and more than 1,000 robots.
Industry officials said the facility offers advantages for repeated testing, machine learning and operational improvement of Atlas robots in real manufacturing environments.
The site is also viewed as strategically favorable for vertically integrating component procurement, robot production and deployment logistics.
Hyundai Motor Group plans to establish annual Atlas production capacity of 30,000 units by 2028 and gradually deploy more than 25,000 of those robots across Hyundai and Kia production facilities.
Initially, Atlas robots are expected to handle parts sequencing operations at the Georgia factory before expanding into assembly work.
Hyundai also plans to extend SDF technologies to facilities including its Pune plant in India and a dedicated electric vehicle factory in Ulsan, South Korea.
An industry official said Hyundai Motor Group is pursuing more than a traditional automated factory model.
“What Hyundai is building is a future manufacturing system combining AI and humanoid robots,” the official said. “The creation of SDF organizations, robotics supply chains and production hubs is essentially preparation for the era of mass-produced robots.”
An
image made with a drone shows an Amazon Web Services (AWS) data center in
Ashburn, Virginia, USA. Photo by JIM LO SCALZO / EPA
May 22 (Asia Today) — LS Electric Chairman Koo Ja-kyun called for stronger quality and delivery competitiveness as the South Korean company seeks to expand in the North American data center power infrastructure market.
Koo recently visited LS Electric’s Cheongju plant, a key production base for power equipment used in North American data centers, the company said Friday.
During the visit, Koo inspected switchgear production lines, the smart factory system and high-voltage circuit breaker lines.
“The U.S.-centered data center market does not allow even the slightest error in next-generation power grid fields such as direct current distribution,” Koo said. “Top-level high-end quality and flawless delivery capability are essential.”
He said the company should go beyond merely meeting customer standards.
“We must secure competitiveness strong enough to overwhelm global partners based on our smart manufacturing capabilities,” Koo said.
Industry officials say the expansion of artificial intelligence data centers has pushed the power infrastructure market into a “power supercycle,” driving demand for high-end power solutions such as high-voltage distribution equipment and circuit breakers.
Koo also called for early investment and technological innovation.
“The global power market is facing a major transition,” he said. “If we remain complacent, we will fall behind. Bold innovation that breaks through limits is necessary.”
US and Iran continue mediated talks, exchanging draft proposals aimed at reaching a formal agreement.
Published On 22 May 202622 May 2026
Iran and the United States are continuing mediated talks aimed at ending the conflict, with Iranian media reporting that both sides are exchanging messages and draft proposals to establish a formal framework for an agreement.
Al Jazeera’s correspondent Almigdad Alruhaid reported from Tehran that Pakistani officials were engaged in “intense mediation activity” between the two countries.
The diplomatic push comes as US Secretary of State Marco Rubio said there were “some good signs” for a possible breakthrough. However, US President Donald Trump also warned Washington could take “very drastic” action if Iran refuses to give up its uranium stockpiles.
Here is what we know:
In Iran
‘War crime’ on medical research centre: Iran has accused the US and Israel of committing a “war crime” by bombing the Pasteur Institute of Iran early in the war, after The Lancet journal warned that the attack severely damaged a key pillar of the country’s public health system.
Thousands rescued from rubble: The Iranian Red Crescent said its aid workers rescued more than 7,200 people trapped beneath rubble during US and Israeli attacks, sharing footage of survivors being pulled from destroyed buildings for the first time.
War diplomacy
Nuclear ‘red lines’ must shift: Doug Bandow, a senior fellow at the Cato Institute, said the US and Iran will need to move beyond conflicting “red lines” on Tehran’s nuclear programme for negotiations to make progress. Speaking to Al Jazeera, Bandow said both sides must be willing to compromise and continue serious talks if they want to avoid further escalation and move away from war.
Rubio sees ‘good signs’ in talks: US Secretary of State Marco Rubio said negotiations with Iran have shown “some progress”, while cautioning that it remains unclear whether a deal can be reached in the coming days. Rubio said President Donald Trump still prefers a diplomatic agreement, but warned Washington has “other options” if talks fail.
Pakistani mediation efforts intensify in Tehran: Al Jazeera’s Alruhaid said senior Pakistani officials are engaged in “intense mediation activity” in Tehran as efforts accelerate to prevent further escalation. While one senior Iranian official said negotiators were close to a deal and working on draft texts, another source cautioned it was still too early to say whether a final agreement was within reach.
In the US
US forces at ‘peak readiness’: CENTCOM said the USS Abraham Lincoln strike group remains at “peak readiness” in the Arabian Sea, sharing images of warplanes taking off as Washington maintains pressure on Iran amid ongoing mediation efforts.
US reportedly suffers major Reaper drone losses: Iran has destroyed more than two dozen MQ-9 Reaper drones operated by US forces since the conflict began, according to Bloomberg News. The reported losses are estimated at $1bn, nearly 20 percent of the Pentagon’s pre-war inventory.
US pauses Taiwan arms sales: Acting Navy Secretary Hung Cao told a Senate hearing that Washington has paused a $14bn arms sale to Taiwan to ensure the US has enough munitions for its military campaign against Iran, a move Republican Senator Mitch McConnell called “distressing”.
In Lebanon and Palestine
Israeli strike kills two in southern Lebanon: The Israeli military said it carried out an air raid that killed two people near the Lebanon-Israel border, after detecting what it described as “suspicious movement” in southern Lebanon.
US sanctions allies of Hezbollah: The US has imposed sanctions on nine people accused of helping Hezbollah undermine Lebanon’s sovereignty and obstruct efforts to disarm the group, including Lebanese politicians, security officials and Iran’s ambassador-designate to Beirut.
Palestinian envoy condemns aid blockade: Palestine’s UN envoy Riyad Mansour said Israel is continuing to collectively punish more than two million Palestinians through its blockade on aid and ongoing attacks, warning the world must not become “accustomed to seeing Palestinians killed”.
US urges humane treatment of flotilla detainees: According to Al Jazeera’s Ali Harb, the US State Department said activists detained by Israeli forces after attempting to break the Gaza blockade “must be treated humanely and consistent with international law”, while also reiterating Washington’s opposition to the flotilla movement.