Norway wealth fund divests from Israel’s Bezeq over services to West Bank settlements

New housing being built in the Israeli settlement of Givat Ze'ev in the occupied West Bank. Norway’s sovereign wealth fund has sold all its shares in Israel’s Bezeq as it provides telecoms services to the settlements. (AP/File)
New housing being built in the Israeli settlement of Givat Ze'ev in the occupied West Bank. Norway’s sovereign wealth fund has sold all its shares in Israel’s Bezeq as it provides telecoms services to the settlements. (AP/File)
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Updated 04 December 2024
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Norway wealth fund divests from Israel’s Bezeq over services to West Bank settlements

New housing being built in the Israeli settlement of Givat Ze'ev in the occupied West Bank. Norway’s sovereign wealth fund has s
  • Fund’s ethics watchdog adopts tougher interpretation of standards for businesses that aid Israel’s operations in the occupied Palestinian territories

OSLO/JERUSALEM: Norway’s sovereign wealth fund, the world’s largest, has sold all its shares in Israel’s Bezeq as it provides telecoms services to Israeli settlements in the occupied West Bank.
The decision, announced late on Tuesday, comes after the fund’s ethics watchdog, the Council on Ethics, adopted a new, tougher interpretation of ethics standards for businesses that aid Israel’s operations in the occupied Palestinian territories.
The $1.8-trillion fund has been an international leader in the environmental, social and governance (ESG) investment field. It owns 1.5 percent of the world’s listed shares across 8,700 companies, and its size gives it influence.
It is the latest decision by a European financial entity to cut back links to Israeli companies or those with ties to the country, as pressure mounts from foreign governments to end the war in Gaza.
Bezeq, Israel’s largest telecoms group, declined to comment.
“The company, through its physical presence and provision of telecom services to Israeli settlements in the West Bank, is helping to facilitate the maintenance and expansion of these settlements, which are illegal under international law,” the sovereign wealth fund’s watchdog said in its recommendation to divest.
“By doing so the company is itself contributing to the violation of international law.”
The watchdog said it noted that the company had said it was providing telecoms services to Palestinian areas in the West Bank, but that did not outweigh the fact that it was also providing services to Israeli settlements.
The watchdog makes recommendations to the board of the Norwegian central bank, which has the final say on divestments.
The advice on Bezeq was the first recommendation to divest since the watchdog toughened its policy in August. More decisions are expected.
The fund has now sold all its stock in the company.
Before that, it had cut its stake during the first half of 2024, owning 0.76 percent of the company’s shares valued at $23.7 million at the end of June, down from a holding of 2.2 percent at the start of the year, fund data showed.
Sources close to the company said the divestment’s impact was “negligible” as it amounted to 0.7 percent of the shares and that the decision was clearly a “political decision.”
They said Bezeq was allowed to provide telecoms services to Jewish settlements in Area C under the 1994 Oslo Accords — which also called for the Palestinian Authority to set up their own telecoms network to Palestinian areas.
“Bezeq is operating according to the Oslo agreements so it’s a political decision,” said one source. “Of all the companies to choose from (to divest), Bezeq should have been the last.”
Norway in May recognized Palestine as a state, alongside Spain and Ireland.
Norway served as a facilitator in the 1992-1993 talks between Israel and the Palestinian Liberation Organization that led to the Oslo Accords in 1993. Area C, which comprises about 60 percent of the West Bank, is under full Israeli control and contains most Israeli settlements.
The Council on Ethics said it was aware of this but that “the situation in the area has developed in the opposite direction to that presumed by the Oslo Accords.”
“The settlements are constantly being expanded, Palestinians are constantly being driven from their homes and land areas are de facto being annexed,” it told Reuters, citing its recommendation. “Qualified discrimination and violent abuse of the Palestinian population in Area C is also taking place.”
The fund watchdog’s new definition of ethical breaches is partly based on an International Court of Justice finding in July that “the occupation itself, Israel’s settlement policy and the way Israel uses the natural resources in the areas are in conflict with international law,” according to a Aug. 30 letter it addressed to the finance ministry.
Since the Gaza war began in October 2023, the council had been investigating whether more companies fall outside its permitted investment guidelines.
Before the announcement to divest, the fund had divested from nine companies operating in the West Bank.
Their operations include building roads and homes in Israeli settlements in East Jerusalem and the West Bank and providing surveillance systems for an Israeli wall around the West Bank.


Afghan prisoner in US custody freed in exchange for American citizens, Kabul says

Afghan prisoner in US custody freed in exchange for American citizens, Kabul says
Updated 21 January 2025
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Afghan prisoner in US custody freed in exchange for American citizens, Kabul says

Afghan prisoner in US custody freed in exchange for American citizens, Kabul says

An Afghan prisoner in American custody was freed in exchange for US citizens, Afghanistan’s foreign ministry said on Tuesday.
“The Islamic Emirate of Afghanistan considers this exchange a good example of resolving issues through dialogue and extends special gratitude to the brotherly nation of Qatar for its effective role in this process,” the foreign ministry said in a statement.


Malaysia seeks gag order on talk of jailed ex-PM’s bid to reveal royal document 

Malaysia seeks gag order on talk of jailed ex-PM’s bid to reveal royal document 
Updated 21 January 2025
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Malaysia seeks gag order on talk of jailed ex-PM’s bid to reveal royal document 

Malaysia seeks gag order on talk of jailed ex-PM’s bid to reveal royal document 
  • Najib Razak claims that a document exists allowing him to serve his remaining prison sentence under house arrest
  • Former PM was found guilty in 2020 of criminal breach of trust and abuse of power for illegally receiving funds

KUALA LUMPUR: Malaysia’s attorney-general’s chambers has sought a gag order to ban public discussion of former Prime Minister Najib Razak’s judicial review claim that a document exists allowing him to serve his remaining prison sentence under house arrest, according to state news agency Bernama.
Najib, jailed for his role in the multi-billion dollar 1MDB scandal, is pursuing a legal bid to compel authorities to confirm the existence of and execute an “addendum order” that he said was issued last year as part of a pardon by then-King Al-Sultan Abdullah Ahmad Shah, entitling him to serve the remainder of his sentence at home.
The issue has caused a huge stir in Malaysia, with disgraced political heavyweight Najib insisting the former king’s addendum order was ignored by authorities when they announced the halving of his sentence last year.
The former king’s palace has issued a letter saying the document does exist, but Malaysia’s law ministry said it has no record of it, its home minister has denied knowledge and Prime Minister Anwar Ibrahim has said “we did not hide anything.”
Bernama on Monday quoted Shamsul Bolhassan, deputy chief of the chambers’ civil division, as saying the gag order request had been filed to a court.
The official had previously said the case touched on sensitive issues, according to Bernama.
Najib was found guilty in 2020 of criminal breach of trust and abuse of power for illegally receiving funds misappropriated from a unit of state investor 1Malaysia Development Berhad.
He is on trial for corruption in several other 1MDB-linked cases and denies wrongdoing. Najib this month hailed as “one step forward” the Court of Appeal’s decision to overturn the dismissal of his attempt to access the document. The case will go back to court to be heard by another judge.


Strong earthquake in Taiwan injures 27 and causes scattered damage

Strong earthquake in Taiwan injures 27 and causes scattered damage
Updated 21 January 2025
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Strong earthquake in Taiwan injures 27 and causes scattered damage

Strong earthquake in Taiwan injures 27 and causes scattered damage
  • The quake hit at 12:17 a.m. and was centered 38 kilometers southeast of Chiayi County Hall
  • Taiwan lies along the Pacific ‘Ring of Fire’, where most of the world’s earthquakes occur

TAIPEI: A 6.4-magnitude earthquake struck southern Taiwan early Tuesday, leaving 27 people with minor injuries and some reported damage.
The quake hit at 12:17 a.m. and was centered 38 kilometers (24 miles) southeast of Chiayi County Hall at a depth of 10 kilometers (6 miles), Taiwan’s Central Weather Administration said. The US Geological Survey measured the earthquake at a less powerful magnitude 6.
There were scattered reports of minor to moderate damage around the cities of Chiayi and Tainan.
Taiwan’s fire department said 27 people were sent to hospitals for minor injuries. Among them were six people, including a 1-month-old baby, who were rescued from a collapsed house in the Nanxi district of Tainan. The Zhuwei bridge on a provincial highway was reported to be damaged.
No deaths have been reported, though rescuers were still assessing damage.
Two people in Tainan and one person in Chiayi city were rescued without injuries after being trapped in elevators.
The quake caused a fire at a printing factory in Chiayi, but it was extinguished, and there were no reports of injuries.
Last April, a magnitude 7.4 quake hit the island’s mountainous eastern coast of Hualien, killing at least 13 people and injuring more than 1,000 others. The strongest earthquake in 25 years was followed by hundreds of aftershocks.
Taiwan lies along the Pacific “Ring of Fire,” the line of seismic faults encircling the Pacific Ocean where most of the world’s earthquakes occur.


Trump to pull nearly 1,660 Afghan refugees from flights, say US official, advocate

Trump to pull nearly 1,660 Afghan refugees from flights, say US official, advocate
Updated 21 January 2025
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Trump to pull nearly 1,660 Afghan refugees from flights, say US official, advocate

Trump to pull nearly 1,660 Afghan refugees from flights, say US official, advocate
  • Group includes unaccompanied minors awaiting reunification with their families in the US as well as Afghans at risk of Taliban retribution
  • Nearly 200,000 Afghans brought to US by former President Joe Biden’s administration since the chaotic US troop withdrawal from Kabul

WASHINGTON: Nearly 1,660 Afghans cleared by the US government to resettle in the US, including family members of active-duty US military personnel, are having their flights canceled under President Donald Trump’s order suspending US refugee programs, a US official and a leading refugee resettlement advocate said on Monday.
The group includes unaccompanied minors awaiting reunification with their families in the US as well as Afghans at risk of Taliban retribution because they fought for the former US-backed Afghan government, said Shawn VanDiver, head of the #AfghanEvac coalition of US veterans and advocacy groups and the US official, who spoke on condition of anonymity.
The US decision also leaves in limbo thousands of other Afghans who have been approved for resettlement as refugees in the US but have not yet been assigned flights from Afghanistan or from neighboring Pakistan, they said.
Trump made an immigration crackdown a major promise of his victorious 2024 election campaign, leaving the fate of US refugee programs up in the air.
The White House and the State Department, which oversees US refugee programs, did not immediately respond to requests for comment.
“Afghans and advocates are panicking,” said VanDiver. “I’ve had to recharge my phone four times already today because so many are calling me.
“We warned them that this was going to happen, but they did it anyway. We hope they will reconsider,” he said of contacts with Trump’s transition team.
VanDiver’s organization is the main coalition that has been working with the US government to evacuate and resettle Afghans in the US since the Taliban seized Kabul as the last US forces left Afghanistan in August 2021 after two decades of war.
Nearly 200,000 Afghans have been brought to the US by former President Joe Biden’s administration since the chaotic US troop withdrawal from Kabul.
One of the dozens of executive orders Trump is expected to sign after being sworn in for a second term on Monday suspended US refugee programs for at least four months.
The new White House website said that Trump “is suspending refugee resettlement, after communities were forced to house large and unsustainable populations of migrants, straining community safety and resources.”
“We know this means that unaccompanied children, (Afghan) partner forces who trained, fought and died or were injured alongside our troops, and families of active-duty US service members are going to be stuck,” said VanDiver.
VanDiver and the US official said that the Afghans approved to resettle as refugees in the US were being removed from the manifests of flights they were due to take from Kabul between now and April.
Minority Democrats on the House Foreign Relations Committee blasted the move, saying in a post on X that “this is what abandonment looks like. Leaving vetted, verified Afghan Allies at the mercy of the Taliban is shameful.”
They include nearly 200 family members of Afghan-American active-duty US service personnel born in the US or of Afghans who came to the US, joined the military and became naturalized citizens, they said.
Those being removed from flights also include an unknown number of Afghans who fought for the former US-backed Kabul government and some 200 unaccompanied children of Afghan refugees or Afghan parents whose children were brought alone to the United States during the US withdrawal, said VanDiver and the US official.
An unknown number of Afghans who qualified for refugee status because they worked for US contractors or US-affiliated organizations also are in the group, they said.


Trump signs executive order withdrawing from the World Health Organization

Trump signs executive order withdrawing from the World Health Organization
Updated 21 January 2025
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Trump signs executive order withdrawing from the World Health Organization

Trump signs executive order withdrawing from the World Health Organization
  • He said the WHO had failed to act independently from the ‘inappropriate political influence of WHO member states’

NEW YORK: The United States will exit the World Health Organization, President Donald Trump said on Monday, saying the global health agency had mishandled the COVID-19 pandemic and other international health crises.
Trump said the WHO had failed to act independently from the “inappropriate political influence of WHO member states” and required “unfairly onerous payments” from the US that are disproportionate to the sums provided by other, larger countries, such as China.
“World Health ripped us off, everybody rips off the United States. It’s not going to happen anymore,” Trump said at the signing.
The move means the US will leave the United Nations health agency in 12 months’ time and stop all financial contributions to its work. The United States is by far the WHO’s biggest financial backer, contributing around 18 percent of its overall funding. WHO’s most recent two-year budget, for 2024-2025, was $6.8 billion.
Trump’s withdrawal from the WHO is not unexpected. He took steps to quit the body in 2020, during his first term as president, accusing the WHO of aiding China’s efforts to “mislead the world” about the origins of COVID.
WHO vigorously denies the allegation and says it continues to press Beijing to share data to determine whether COVID emerged from human contact with infected animals or due to research into similar viruses in a domestic laboratory.