An election worker holds up a ballot paper at local elections in March, with all of Germany heading to the polls in September. AP
An election worker holds up a ballot paper at local elections in March, with all of Germany heading to the polls in September. AP
An election worker holds up a ballot paper at local elections in March, with all of Germany heading to the polls in September. AP
An election worker holds up a ballot paper at local elections in March, with all of Germany heading to the polls in September. AP

Germany on alert for election meddling as poll nears


Tim Stickings
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With seven weeks to go until Germany chooses its next leader, security experts are on high alert for online meddling efforts that they fear could damage confidence in the poll.

Security services are tracking disinformation on the web after claims of Russian and Iranian interference cast a pall over elections elsewhere.

Officials fear that phishing attacks, which Iran is suspected of carrying out in Germany, could allow hackers to discredit candidates by leaking confidential material or sending fake messages from their accounts.

But experts say that foreign saboteurs are not the only threat to next month's election, with some false claims originating from fringe groups within Germany.

Some of these have sought to sow doubts about the electoral process, echoing the false claims of fraud which culminated in a deadly mob attack in the US.

While Germany’s pen-and-paper voting means that any cyberattacks are unlikely to alter the result, they could potentially hold up the count or, together with disinformation, trigger confusion about the process.

“The fear a couple of years ago that disinformation was used to actually sway individual votes — we haven’t seen that,” said Julian Jaursch, a digital policy expert at the New Responsibility Foundation (SNV) in Berlin.

“The threat that I see is a more general threat — it can be used to sow confusion and discord and make people mistrust each other and mistrust the process.”

September's election will be closely watched around the world as Europe’s biggest economy gets a new leader for the first time in 16 years. Angela Merkel’s successor as chancellor will have to navigate a series of foreign policy issues including relations with Russia and Iran.

The Alliance for Securing Democracy, a monitoring group, said Russia was the most influential player in stirring up controversy online.

Media outlets linked to Moscow have attacked the Green party candidate Annalena Baerbock, who wants to scrap a major gas pipeline to Russia. Accounts linked to Iran have focused on sanctions and nuclear talks.

Other Green candidates have been targeted by disinformation efforts which attributed fake quotations to them or targeted them with hate speech.

But the Greens were not the only victims, and any party or candidate could become the target of online meddling, said Mr Jaursch.

“It just depends on the topic that is popping up at the moment and the actors that are willing to act on it,” he said. “I think there’s heightened awareness compared to [the last election in] 2017. That’s a good thing.”

Annalena Baerbock, the Green party's candidate for the chancellery, has come under attack by Russian media outlets. EPA
Annalena Baerbock, the Green party's candidate for the chancellery, has come under attack by Russian media outlets. EPA

Phishing threat

German authorities have warned lawmakers to watch out for online scams and offered training on the subject to political parties.

Intelligence services are on guard after German Interior Minister Horst Seehofer promised to do “everything imaginable” to protect the election.

Hacking attempts have already been observed against politicians, which authorities believe could be an effort to leak real or fake material from their accounts.

“Personal information attained this way could be published in a selective or misleading way in order to discredit people and parties,” said Thomas Haldenwang, the head of a domestic intelligence agency, last month.

Attacks so far have largely been unsuccessful but “we definitely see the interest of certain states in exerting influence on this year’s parliamentary election,” he said.

Julia Schuetze, a cybersecurity expert at SNV, said authorities were more prepared than ever but that politicians and voters needed to do their part.

“In the end, parties themselves are responsible,” she said. “They should have enough awareness now and take their own measures.”

Facebook, which is under scrutiny for failing to stop disinformation on its platform, said it had a dedicated team working on the German election.

You have a ton more actors that are actually just domestic German individuals or groups
Julian Jaursch

Anyone who wants to use the site to run a political advert in Germany must prove that they live there and reveal who paid for it, Facebook said.

Ms Schuetze said authorities had not revealed where possible threats came from, but that Russia would be one suspect after accusations of its interference elsewhere.

“It’s definitely a possibility that they’re trying to apply the same techniques in the German elections,” she said.

Within Germany, some false claims about election security have emerged from far-right circles linked to the Alternative for Germany (AfD) party.

Some AfD members allegedly spread disinformation about a state election in June at which the party was beaten by the centre-right Christian Democrats.

Conspiracy theorists linked to anti-lockdown protests were blamed by German authorities for a rising tide of extremism and anti-Semitism in the country.

“When it comes to disinformation, you have a ton more actors that are actually just domestic German individuals or groups,” said Mr Jaursch.

“That doesn’t necessarily have to come from Russia, that doesn’t necessarily have to come from Iran or China. That might as well just be fellow citizens.”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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Updated: August 09, 2021, 1:13 PM