Israel's foreign minister says 'America accepts all our decisions'



The Obama administration will only present new peace initiatives with Israel's consent, said Avigdor Lieberman during his first full length interview since taking office. "Believe me, America accepts all our decisions," Lieberman said. Israel's new foreign minister, Avigdor Lieberman, who grew up in the Soviet Union chose the Russian daily Moskovskiy Komosolets, not an Israeli newspaper, to give his first major interview since taking office. In a surprising break with the position of the new Israeli prime minister, Benjamin Netanyahu, Mr Lieberman did not identify Iran as Israel's greatest strategic threat. He placed Afghanistan and Pakistan first, followed by Iran with Iraq third. Haaretz said: "Lieberman also discussed Moscow's under-utilised role in the Middle East and the Israeli-Palestinian conflict, and said he aims to correct this. The newspaper emphasised Lieberman's intention to develop closer ties with Russia and to resolve international issues jointly. " 'Russia has a special influence in the Muslim world, and I consider it a strategic partner that should play a key role in the Middle East,' Lieberman said in the interview. " 'I have argued for some time that Israel has insufficient appreciation for the 'Kremlin factor'; I intend to mend this gap,' he said. "Political sources in the Commonwealth of Independent States have told Haaretz that they believe Lieberman's appointment will result in 'greater understanding' between Israel and Russia. "Regarding his changing view on Israel's greatest threats, Lieberman said that since he began warning against the nuclear threat from Iran, nuclear threats have become more prevalent. Meanwhile, a more urgent problem has developed in Pakistan and Afghanistan. " 'Pakistan is nuclear and unstable, and Afghanistan is faced with a potential Taliban takeover, and the combination form a contiguous area of radicalism ruled in the spirit of Bin Laden,' Lieberman said. " 'I do not think that this makes anyone in China, Russia or the US happy ... these countries [Pakistan and Afghanistan] are a threat not only to Israel, but to the global order as a whole.' "In response to a question on Israel's role in countering these threats, Lieberman said, 'Our role is that we should bring the US and Russia closer ... it is unclear to me why the US needs to confront Russia on Kosovo or Ukraine's entry to Nato; however, Russia needs to understand that close cooperation with Hugo Chavez does not build western confidence.' "Later in the interview, the foreign minister spoke unkindly of the road map, which he called binding, unlike the Annapolis process, in his view. The Palestinians 'are not very familiar with the document,' he said. Lieberman called a two-state solution a nice slogan that lacks substance. "On Tuesday, Army Radio reported that Lieberman ruled out an Arab peace initiative, after previously announcing that Israel was not bound to the US-backed Annapolis process. " 'This is a dangerous proposal, a recipe for the destruction of Israel,' he was quoted as telling a closed meeting of senior foreign ministry officials." The Washington Post reported: "The new Israeli government will not move ahead on the core issues of peace talks with the Palestinians until it sees progress in US efforts to stop Iran's suspected pursuit of a nuclear weapon and limit Tehran's rising influence in the region, according to top government officials familiar with Prime Minister Benjamin Netanyahu's developing policy on the issue. " 'It's a crucial condition if we want to move forward,' said Deputy Foreign Minister Daniel Ayalon, a member of the Israeli parliament and former ambassador to the United States. 'If we want to have a real political process with the Palestinians, then you can't have the Iranians undermining and sabotaging.' "The emerging Israeli position, a significant change from that of previous governments, presents a challenge for President Obama, who has made quick progress on Palestinian statehood a key foreign policy goal. Obama is also trying to begin engagement with Iran as part of a broad effort to slow its nuclear programme and curtail its growing strength in the Middle East." The Guardian said: "A majority of both Palestinians and Israelis are willing to accept a two-state solution, according to a poll from the international grassroots movement One Voice. "Based on public opinion research methods used in Northern Ireland, 500 interviews were completed in Israel and 600 in the West Bank and Gaza immediately following the Gaza war and the Israeli elections. "Each side was asked which problems they thought were 'very significant' and what the solutions might be. "The results indicate that 74 per cent of Palestinians and 78 per cent of Israelis are willing to accept a two-state solution on an option range from "tolerable" to "essential", while 59 per cent of Palestinians and 66 per cent of Israelis find a single bi-national state 'unacceptable'." In Haaretz, Gideon Levy wrote: "one begins to fear that another promising American president, perhaps the most promising of all, is about to fall into the honey trap of words and formulas. This president should be told now is not a time for words. Their time has passed. No more peace plan and - heavens forfend - not another outline; not negotiations, not a formula and not a summit. "All the plans are in a drawer, waiting for their day. Now is the time for deeds. "The only recognition that is needed now is Israel's recognition of the Palestinians as human beings. If this is obtained, all the rest will be relatively easy. The day will come when Israelis and Palestinians will not understand how they shed blood for so many years and why, but this day is further off than ever. "Now the time has come for the test of actions. Instead of wasting precious time on formulas, we need to take steps. Instead of dithering over verbiage, we need to make changes on the ground." Meanwhile, Haaretz reported: "A senior Hamas official said yesterday that firing rockets at Israel ultimately does a disservice to Palestinian interests. "Ismail al-Ashkar is a member of the security committee in the Palestinian Legislative Council and a leading candidate for the interior minister position. 'The firing of rockets at Israel is against the Palestinian interest. It benefits certain individuals and groups, but not the Palestinians themselves,' he said yesterday. "Since January 18, the Hamas armed wing, the Iz al-Din al-Qassam Brigades, has not taken credit for a single Qassam rocket. Sources in the Gaza Strip said just two weeks ago that Hamas detained Islamic Jihad operatives for trying to launch rockets. "Yesterday Hamas representatives met delegates from Islamic Jihad and smaller militant groups in order to ensure the cease-fire with Israel remains in force for now."

pwoodward@thenational.ae

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'Project Power'

Stars: Jamie Foxx, Joseph Gordon-Levitt, Dominique Fishback

Director: ​Henry Joost and Ariel Schulman

Rating: 3.5/5

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

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KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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Easter%20Sunday
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JUDAS AND THE BLACK MESSIAH

Directed by: Shaka King

Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons

Four stars

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Developer: Ubisoft Montreal / Ubisoft Toronto
Publisher: Ubisoft
Platforms: Playstation 4, Xbox One, Windows
​​​​​​​Release Date: April 10

BELGIUM%20SQUAD
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Find the right policy for you

Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.

Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.

Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.

Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.

If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.

Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.

Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”

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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

More from Armen Sarkissian
Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna


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