Why has France decided to recognise Palestinian statehood?

France’s President Emmanuel Macron hopes that his country formally recognising a Palestinian state in September will encourage other countries to follow suit, according to analysts.International envoys are set to discuss a two-state solution to the Israeli-Palestinian conflict early next week in New York, before a further summit co-hosted by France ahead of the UN General Assembly in September.- Why now? -Macron’s announcement on Thursday came as international alarm grew about the plight of the more than two million Palestinians in the Gaza Strip, where Israel’s war against the Hamas militant group has triggered a dire humanitarian crisis and warnings of mass starvation.”The sense of urgency may have driven the president to move forward alone,” France’s former ambassador to Israel Gerard Araud told the France Inter broadcaster.Besides the humanitarian crisis and “the shocking declarations of certain Israeli ministers” on the fate they wish for all Gazans, Macron may also have been influenced by the political climate in France, said David Khalfa of the Jean Jaures Foundation.The war has triggered tensions in France, which is home to the largest Muslim community in the European Union, as well as the biggest Jewish population outside Israel and the United States.- What’s the plan? -France has long advocated for the so-called “two-state solution” for a Palestinian state to live in peace side-by-side with an Israeli one.Macron’s original idea was for France and other countries to recognise a Palestinian state at the same time as other nations — including Gulf heavyweight Saudi Arabia — normalised ties with Israel.As that proposal did not appear to gain traction, Macron made his announcement in the hope of spurring others to do likewise in the run-up to September’s UN General Assembly, said analyst Amelie Ferey.”The idea is to have a little over a month to potentially rally other countries to make a larger announcement in New York,” said Ferey, an analyst at the French Institute of International Relations.”The United Kingdom and Canada could perhaps follow suit,” she added.- Will it work? -Canada, France and Britain were among 25 countries on Monday to say the Gaza war “must end now”, arguing that the suffering of civilians had “reached new depths”.Mujtaba Rahman, the Europe director of political risk consultancy Eurasia Group, said British Prime Minister Keir Starmer was under pressure from his Labour party to act.”He wants to move in concert with other countries and use recognition as a card in negotiations on a ceasefire in Gaza,” he said.”But the timing is awkward” as US President Donald Trump arrives in Scotland on Friday evening, he added.”Starmer will be reluctant to upset him when there’s still things to be done on the UK-US trade deal.”- Why team up with Riyadh? -As France has no leverage to end the current Gaza war, “the idea in Paris is to let the United States impose a ceasefire, and for Paris to then be an important actor afterwards, along with the Saudis,” said Ferey.Camille Lons, an expert from the European Council on Foreign Relations, said France and Saudi Arabia were working on a post-ceasefire roadmap.This would include proposals for “the isolation and disarmament of Hamas, Palestinian elections in 2026, a new legal framework for political parties” and “the prospect of having a technocratic government”, she said.Other options on the table could include a UN peacekeeping mission, including personnel from neighbouring Egypt, she said. “The goal is to garner support from countries in the region for the sidelining of Hamas, including Qatar,” an ally of the Palestinian Islamist group, she added.- Is it realistic? -But “this is all quite detached from reality”, warned Lons.For Ferey, “the Israeli government’s goal is for there to be no Palestinian state.”After almost 22 months of war in Gaza, sparked by an unprecedented attack against Israel on October 7, 2023, the blockaded Palestinian territory has been largely ravaged by bombardment.And Israel’s far-right government is pushing for the expansion of Israeli settlements in the occupied West Bank.Many Israelis now live in what would become a Palestinian state.Excluding Israeli-annexed east Jerusalem and its 200,000 Jewish residents, the occupied West Bank is home to around 500,000 Israelis in settlements considered illegal under international law. Three million Palestinians also live in the West Bank.Khalfa added that Saudi Arabia had no intention to normalise its ties with Israel for as long as Prime Minister Netanyahu — who critics accuse of prolonging the Gaza war to stay in office — remains in power.

Stock markets stall as Trump puts EU-US trade deal at 50/50

Stock markets stalled Friday as the latest trade-related rally lost steam and US President Donald Trump rated the chances of Washington striking a trade deal with the European Union at barely 50/50.Wall Street indices stood barely in the green some 20 minutes into the session as investors also digested a mixed batch of corporate earnings, while major European indices were all down and Asia closed off.Equities have enjoyed a strong run for much of July on expectations that governments will reach agreements with the United States to dodge threatened tariffs before next Friday’s deadline.But Trump cautioned that in his view striking a deal with the European Union to reduce import tariffs will be a challenge.”I would say that we have a 50/50 chance, maybe less than that, but a 50/50 chance of making a deal with the EU,” Trump told reporters at the White House.Sentiment had been lifted earlier in the week by the announcement of a Japan-US deal, as well as signals that the EU could be closing in on its own accord with Washington.The “momentum has not been kept up, and European stocks are weaker at the end of the week,” said Kathleen Brooks, research director at trading group XTB.Trade optimism stayed cautiously upbeat, as Brussels and Washington appeared close to a deal that would halve Trump’s threatened 30 percent levy, with a European Commission spokesman saying he believed an agreement was “within reach”. However, “there has been no confirmation from the US side… thus, sentiment towards European assets could be fragile as we lead up to that August 1 tariff deadline”, Brooks added.The EU is still forging ahead with contingency plans in case talks fail, with member states approving a 93 billion-euro ($109 billion) package of counter-tariffs.With few positive catalysts to drive buying, Asian markets turned lower heading into the weekend.Tokyo retreated after a two-day rally and Hong Kong declined following five days of gains. Shanghai was also down. While the S&P 500 and Nasdaq hit new records Thursday, another round of strong jobs data suggested the US Federal Reserve might have to delay cutting borrowing costs.The dollar extended gains against its major peers as investors trimmed their rate forecasts.The US president once again pressed Fed chief Jerome Powell to slash interest rates during a visit to its headquarters on Thursday.In corporate news, German auto giant Volkswagen said US tariffs had cost it 1.3 billion euros ($1.5 billion) in the first half of the year as it reported falling profits.After an initial drop, shares in the carmaker were up more than four percent by mid-afternoon in Frankfurt. German sportswear maker Puma saw its shares tumble around 16 percent after slashing its sales forecast and warning of a full year loss.Meanwhile UK bank NatWest topped the gainers list on the FTSE 100, rising around three percent after reporting a rise in second-quarter net profit and lifting its full-year outlook.- Key figures at around 1355 GMT -New York – Dow: UP 0.1 percent at 44,745.67 pointsNew York – S&P 500: UP 0.1 percent at 6,371.35New York – Nasdaq Composite: UP 0.1 percent at 21,079.16London – FTSE 100: DOWN 0.4 percent at 9,101.11Paris – CAC 40: DOWN 0.3 percent at 7,796.52 Frankfurt – DAX: DOWN 0.5 percent at 24,170.80Tokyo – Nikkei 225: DOWN 0.9 percent at 41,456.23 (close)Hong Kong – Hang Seng Index: DOWN 1.1 percent at 25,388.35 (close)Shanghai – Composite: DOWN 0.3 percent at 3,593.66 (close)Dollar/yen: UP at 147.80 yen from 146.94 yen on ThursdayEuro/dollar: DOWN at $1.1710 from $1.1756Pound/dollar: DOWN at $1.3422 from $1.3507Euro/pound: UP at 87.25 pence from 87.01 penceWest Texas Intermediate: DOWN 0.1 percent at $65.99 per barrelBrent North Sea Crude: UP 0.2 percent at $69.21 per barrel

Wall Street en timide hausse, sur fond de résultats d’entreprises et perspectives commerciales

La Bourse de New York évolue sans grand élan vendredi, accueillant une nouvelle volée de résultats et restant dans l’expectative d’un accord commercial entre l’Union européenne (UE) et les Etats-Unis.Vers 13H50 GMT, le Dow Jones prenait 0,10%, l’indice Nasdaq 0,11% et l’indice élargi S&P 500 gagnait 0,17%.Nous assistons à un “début de séance calme pour clôturer une semaine de records”, résument les analystes de Briefing.com.Les principaux indices de la place américaine ont multiplié les clôtures à leur plus haut niveau ces derniers jours, le S&P 500 ayant même réalisé une série de quatre records d’affilée.”Ce qui propulse le marché” ces derniers temps, “ce sont les victoires commerciales”, indique à l’AFP Sam Stovall de CFRA, évoquant la conclusion d’accords et l’absence de mise en oeuvre, pour le moment, de certains droits de douane annoncés par le président américain Donald Trump.Un accord commercial entre Bruxelles et Washington est à “portée de main”, a assuré jeudi un porte-parole de la Commission européenne, Olof Gill.Le président américain Donald Trump a affirmé vendredi que la probabilité que les Etats-Unis concluent un accord commercial avec l’Union européenne était de “50-50″, alors qu’approche la date butoir du 1er août.Selon plusieurs sources européennes, ce compromis prévoit des surtaxes douanières de 15% sur les exportations européennes à destination des Etats-Unis, avec des exemptions notamment sur l’aéronautique, les spiritueux ou certains médicaments. C’est bien en deçà des 30% que Donald Trump menaçe d’appliquer.L’administration Trump compte pour l’heure cinq accords à son actif, avec le Royaume-Uni, le Japon, le Vietnam, l’Indonésie et les Philippines.”Nous entrons dans une période difficile pour le marché avec une sorte, non pas de pessimisme, mais de prudence”, anticipe Sam Stovall, alors que la date butoir du 1er août – à partir de laquelle d’importantes surtaxes américaines doivent être appliquée – approche à grands pas.De plus, souligne l’analyste, le troisième trimestre est généralement synonyme d’accrocs pour Wall Street.Côté indicateurs, les investisseurs ont accueilli vendredi une baisse de commandes de biens durables en juin (-9,3%), légèrement moins marquée qu’attendu par les analystes.Sur le marché obligataire, le rendement des emprunts d’Etat américains à 10 ans était pratiquement stable par rapport à la veille, à 4,41%.Côté entreprises, le groupe américain de semi-conducteurs Intel (-9,08% à 20.58 dollars) pâtissait de l’annonce de pertes nettes de 2,9 milliards de dollars au deuxième trimestre, en grande partie dues au coût d’un important plan de départ.Très en retard dans le boom de l’intelligence artificielle (IA), l’entreprise continue sa restructuration dans l’espoir de renouer avec les bénéfices, et réduit la voilure sur les constructions d’usines.Le chausseur Deckers Outdoor (+12,69% à 118,38 dollars) profitait d’une nette hausse des ventes des chaussures de course Hoka et des bottes Ugg. D’avril à juin, l’entreprise a réalisé un chiffre d’affaires de 964,5 millions de dollars (+17% sur un an) et un bénéfice net par action de 93 cents.Le groupe de médias Paramount Global (+1,92% à 13,52 dollars) avançait, porté par l’autorisation de son rachat par la société de production Skydance. Le régulateur américain des télécommunications, la FCC, a donné jeudi son feu vert à cette opération moyennant des changements de ligne éditoriale au sein de la chaîne CBS, une condition très atypique.

France’s top court annuls arrest warrant against Syria’s Assad

France’s highest court Friday annulled a French arrest warrant against Syria’s ex-president Bashar al-Assad — issued before his ouster — over 2013 deadly chemical attacks.The Court of Cassation ruled there were no exceptions to presidential immunity, even for alleged war crimes and crimes against humanity.But its presiding judge, Christophe Soulard, added that, as Assad was no longer president after an Islamist-led group toppled him in December, “new arrest warrants can have been, or can be, issued against him” and as such the investigation into the case could continue.Human rights advocates had hoped the court would rule that immunity did not apply because of the severity of the allegations, which would have set a major precedent in international law towards holding accused war criminals to account.French authorities issued the warrant against Assad in November 2023 over his alleged role in the chain of command for a sarin gas attack that killed more than 1,000 people, according to US intelligence, on August 4 and 5, 2013 in Adra and Douma outside Damascus.Assad is accused of complicity in war crimes and crimes against humanity in the case, though Syrian authorities at the time denied involvement and blamed rebels.The French judiciary tackled the case under the principle of universal jurisdiction, whereby a court may prosecute individuals for serious crimes committed in other countries.An investigation — based on testimonies of survivors and military defectors, as well as photos and video footage — led to warrants for the arrest of Assad, his brother Maher who headed an elite army unit, and two generals.Public prosecutors approved three of the warrants, but issued an appeal against the one targeting Assad, arguing he should have immunity as a head of state.The Paris Court of Appeal in June last year however upheld it, and prosecutors again appealed.French investigating magistrates in January issued a second arrest warrant against Assad for suspected complicity in war crimes for a bombing in the Syrian city of Deraa in 2017 that killed a French-Syrian civilian.

UN urges UK to repeal ‘disproportionate’ Palestine Action ban

The United Nations rights chief on Friday slammed Britain’s ban on activist group Palestine Action as a “disturbing” misuse of UK counter-terrorism legislation and urged the government to rescind its move.”The decision appears disproportionate and unnecessary,” Volker Turk said in a statement.The ban, introduced under Britain’s Terrorism Act 2000, took effect earlier this month after activists from the group broke into an air force base in southern England.Two aircraft were sprayed with red paint, causing an estimated £7.0 million ($9.55 million) in damage.Turk’s statement said the ban raised “serious concerns that counter-terrorism laws are being applied to conduct that is not terrorist in nature, and risks hindering the legitimate exercise of fundamental freedoms across the UK”.He stressed: “According to international standards, terrorist acts should be confined to criminal acts intended to cause death or serious injury or to the taking of hostages, for purpose of intimidating a population or to compel a government to take a certain action or not.”But the ban among other things makes it a criminal offence to be a member of Palestine Action, to express support for the group or wear items of clothing that would arouse “reasonable suspicion” that the person is a member or supporter of the group, Turk pointed out. – Peaceful protest -UK police have arrested at least 200 people during protests, many of them peaceful, over the ban since it took effect, the UN rights office said.Palestine Action itself has condemned its outlawing — which makes it a criminal offence to belong to or support the group, punishable by up to 14 years in prison — as an attack on free speech.The UN high commissioner for human rights agreed.The ban, Turk said, “limits the rights of many people involved with and supportive of Palestine Action who have not themselves engaged in any underlying criminal activity but rather exercised their rights to freedom of expression, peaceful assembly and association”.”As such, it appears to constitute an impermissible restriction on those rights that is at odds with the UK’s obligations under international human rights law.”The rights chief warned that the government’s decision “also conflates protected expression and other conduct with acts of terrorism and so could readily lead to further chilling effect on the lawful exercise of these rights by many people”.”I urge the UK government to rescind its decision to proscribe Palestine Action and to halt investigations and further proceedings against protesters who have been arrested on the basis of this proscription,” he said.”I also call on the UK government to review and revise its counter-terrorism legislation, including its definition of terrorist acts, to bring it fully in line with international human rights norms and standards.”