Directly contradicting President Donald Trump, US intelligence agencies told Congress on Tuesday that North Korea is unlikely to dismantle its nuclear arsenal, that ISIS remains a threat and that the Iran nuclear deal is working. The chiefs made no mention of a crisis at the US-Mexican border for which Mr Trump has considered declaring a national emergency.
Their analysis stands in sharp contrast to President Trump's almost singular focus on security gaps at the border as the biggest threat facing the United States.
Top security officials including FBI Director Christopher Wray, CIA Director Gina Haspel and Director of National Intelligence Dan Coats presented an update to the Senate intelligence committee on Tuesday on their annual assessment of global threats. They warned of an increasingly diverse range of security dangers around the globe, from North Korean nuclear weapons to Chinese cyberespionage to Russian campaigns to undermine Western democracies.
Mr Coats said intelligence information does not support the idea that North Korean leader Kim Jong-un will eliminate his nuclear weapons and the capacity for building more — a notion that is the basis of the US negotiating strategy.
"We currently assess that North Korea will seek to retain its WMD (weapons of mass destruction) capabilities and is unlikely to completely give up its nuclear weapons and production capability because its leaders ultimately view nuclear weapons as critical to regime survival," Mr Coats told the committee.
He did note that North Korean leader Kim Jong-un has expressed support for ridding the Korean Peninsula of nuclear weapons and over the past year has not test-fired a nuclear-capable missile or conducted a nuclear test.
The "Worldwide Threat Assessment" report on which Mr Coats based his testimony said US intelligence continues to "observe activity inconsistent with" full nuclear disarmament by the North. "In addition, North Korea has for years underscored its commitment to nuclear arms, including through an order in 2018 to mass-produce weapons and an earlier law – and constitutional change – affirming the country's nuclear status," it said.
The report said Mr Kim's support at his June 2018 Singapore summit with President Trump for "complete denuclearisation of the Korean peninsula" is a formulation linked to an end to American military deployments and exercises involving nuclear weapons.
Mr Trump asserted after the Singapore summit that North Korea no longer poses a nuclear threat. However, Mr Coats and other intelligence officials made clear they see it differently.
"The capabilities and threat that existed a year ago are still there," said Lt. Gen. Robert Ashley, the director of the Defense Intelligence Agency.
Plans for a follow-up Trump-Kim summit are in the works, but no agenda, venue or date has been announced.
More broadly, the intelligence report on which Mr Coats and the heads of other intelligence agencies based their testimony predicted that security threats to the United States and its allies this year will expand and diversify, driven in part by China and Russia. It says Moscow and Beijing are more aligned than at any other point since the mid-1950s and their global influence is rising even as US relations with traditional allies are in flux.
"Some US allies and partners are seeking greater independence from Washington in response to their perception of changing US policies on security and trade," the report said, without providing examples or further explanation.
ISIS are still dangerous.
The report also said ISIS "remains a terrorist and insurgent threat" inside Iraq, where the government faces "an increasingly disenchanted public."
The intelligence assessment, which is provided annually to Congress, made no mention of a crisis at the US-Mexico border, which Mr Trump has asserted as the basis for his demand that Congress finance a border wall. The report predicted additional US-bound migration from El Salvador, Guatemala and Honduras, with migrants preferring to travel in caravans in hopes of a safer journey.
In Syria, where President Trump has ordered a full withdrawal of US troops, the government of President Bashar Al Assad is likely to consolidate control, with Russia and Iran attempting to further entrench themselves in Syria, the report said. Asked for her assessment, Ms Haspel said of ISIS: "They're still dangerous." She added that they still command "thousands of fighters in Iraq and Syria."
The intelligence agencies said Iran continues to work with other parties to the nuclear deal it reached with the US and other Western nations. In doing so, they said, it has at least temporarily lessened the nuclear threat. In May 2018, Mr Trump withdrew the US from that accord, which he called a terrible deal that would not stop Iran from going nuclear.
The intelligence assessment of Afghanistan, more than 17 years into a conflict that began after the 9/11 attacks on the US, projected a continued military stalemate. Without mentioning prospects for a peace deal, which appear to have improved only in recent days, the report said, "neither the Afghan government nor the Taliban will be able to gain a strategic military advantage in the Afghan war in the coming year" if the US maintains its current levels of support. Mr Trump has ordered a partial pullback of US forces this year, although no firm plan is in place.
Mr Coats told the committee that Russia and perhaps other countries are likely to attempt to use social media and other means to influence the 2020 US presidential election.
"We expect our adversaries and strategic competitors to refine their capabilities and add new tactics as they learn from each other's experiences, suggesting the threat landscape could look very different in 2020 and future elections," the intelligence report said.
The report specifically warned about Russia's cyberattack capabilities.
"Moscow is now staging cyberattack assets to allow it to disrupt or damage US civilian and military infrastructure during a crisis," it said.
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Italy
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Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
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.”
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Zayed Sustainability Prize