Friday, September 26, 2025

 
Home Blog Page 165

President Trump must insist Syria’s President Ahmad al-Sharaa confront his al Qaeda past before walking New York’s streets

0

When the world gathers in New York for the annual United Nations General Assembly, the city becomes a stage for dialogue, diplomacy and global ambition.

But this year, that stage is overshadowed by a deeply uncomfortable reality: Syria’s President Ahmad al-Sharaa — a man whose political and militant roots are tied to al Qaeda and its affiliates — will be walking the same streets that still bear the weight of Sept. 11, 2001.

I remember that day with painful clarity.

At the time, I was the Washington bureau chief of a London-based Arabic daily, standing on the corner of 17th Street and Pennsylvania Avenue as chaos gripped the capital.

Staff were rushing out of the Old Executive Office Building, terrified that another hijacked plane was headed toward the White House.

Syria’s president, a former al Qaeda operative, will walk the streets of New York, which still bear the weight of the Sept. 11, 2001, terrorist attack. Getty Images

As an immigrant from Lebanon, I felt a deep sense of duty to my adopted country.

That sense of service led me to help the Broadcasting Board of Governors establish Arabic-language radio and television channels, which I later managed for seven years as director of network news and executive vice president of the organization that ran them.

Those searing memories — the horror, the fear, the sense everything had changed — came flooding back when I learned Syria’s new president, a man once affiliated with al Qaeda, would be walking the streets of New York this month.

For President Trump, this moment is even more personal.

New York is not just another American city to him; it is his city.

It is where his towers stand, where his legacy was built and where the memory of 9/11 is an open wound — for the families of nearly 3,000 souls lost and for a nation that still mourns.

To see a man with Sharaa’s past standing in Manhattan, welcomed under the banner of diplomacy, is not just a question of foreign policy. It is a matter of moral clarity.

Trump met Sharaa in a May trip to Saudi Arabia. AP

His history is well documented.

As a young man, Sharaa joined al Qaeda in Iraq, rising through the ranks during the post-invasion insurgency.

After his release from a US-run prison there, he resurfaced in Syria as a leader of the Nusra Front, an al Qaeda affiliate that waged a brutal, sectarian war.

He attempted to rebrand himself in 2016 by founding Hay’at Tahrir al-Sham, claiming independence from al Qaeda.

Yet US officials and counterterrorism experts have been clear: A change in name does not erase a legacy of extremism, violence and ideology rooted in hate.

For New Yorkers — survivors, families and first responders — this history is not abstract. It is deeply personal.

It is the sound of sirens, the sight of smoke rising above the Hudson, the shock of a skyline changed forever and the names etched into memorials that line the city.

The thought of Sharaa stepping onto American soil without a clear reckoning with that past is a wound reopened.

Sharaa was wanted by the United States under his nom de guerre. @USEmbassySyria/X

The Trump administration sees Sharaa’s presence at the UN as an opportunity — a chance to stabilize Syria, counter Iranian influence and claim a diplomatic win.

But optics matter. Welcoming Sharaa to New York without a public acknowledgment of his past risks signaling that the United States is willing to look past a history of terror for the sake of political expediency.

In the city that bore the brunt of al Qaeda’s savagery, that message lands like a betrayal.

If Sharaa wants to be seen as a legitimate head of state, there is one path forward.

He must stand before the world and unequivocally denounce al Qaeda and its affiliates.

He must declare, in plain and unambiguous language, that the attacks on the World Trade Center and the Pentagon were acts of barbaric terrorism.

And he must state clearly, without qualification, that Osama bin Laden was a terrorist — not a hero, not a misunderstood figure, but the architect of mass murder.

President Trump, who knows the power of imagery better than most, faces a moral test.

This isn’t just about geopolitics or strategy; it’s about the message sent to the families who lost loved ones, to the firefighters and police officers who ran into collapsing towers and to a city that will never forget.

If Trump truly loves New York as he says — if this city truly is the beating heart of his story — then he must insist Sharaa confront his past publicly and without ambiguity.

Silence or vague half-measures would make this visit not a symbol of progress but a painful reminder that some wounds never heal.

If Sharaa fails to publicly acknowledge 9/11was an unforgivable act of terror, his presence in New York is not a gesture of hope — it is a stain on the city that bore the heaviest cost.

Mouafac Harb, an American-affairs and Middle East analyst, was the executive vice president and director of network news for several US-funded Arabic-language media outlets.



This story originally appeared on NYPost

Does SAP prove the rule that Europe can’t scale tech companies?

0

The largest and best-known U.S. tech stocks are sometimes labelled ‘The Magnificent Seven’, after the Hollywood action franchise featuring multiple lead roles. An equivalent movie-based metaphor for big tech in Europe would have a cast of one—think The Bourne Identity’s Jason Bourne or Alien’s Ellen Ripley.

Because while investors in America (and increasingly China too) have many large and fast growing tech companies from which to choose, in Europe there is really only one firm that in scale and reach can stand comparison with the likes of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. That is Germany’s SAP, or as it is sometimes known, Der Eine (The One).

Not only is the firm—a specialist in back-office enterprise resource planning (ERP) software—Europe’s biggest tech company, it is also the continent’s most valuable company full stop, with a market capitalization approaching €300 billion, having overtaken previous incumbent, Danish pharma darling Novo Nordisk, in March this year.

It stands in 450th place on the Fortune Global 500 list, employs 109,000 people in over 130 different countries and boasts a stellar customer list that includes 98 of the world’s 100 largest companies.

One of the secrets to SAP’s success is understanding that in technology, there is never a good time to rest on your laurels, says chief operating officer Sebastian Steinhauser. “We remind ourselves every day that tech is the most competitive industry on earth. With every new wave of innovation the tech space is redefined, new companies pop up and you have to prove yourself again. I am very happy with that.”

113 SAP’s rank on the Fortune 500 Europe

SAP’s latest wave of change is moving both its own processes and those of its customers away from traditional (and expensive), bespoke on-site databases and into the cloud. The pivot began in 2020, and—despite some criticism that it was late to the party, which came with an initial 30% slump in the share price—it has proved to be a pretty smart move. Cloud migration is a proverbial win-win that cuts upfront costs and accelerates implementation for users, whilst also generating stable and predictable new revenues for SAP itself.

It’s also proof that despite received wisdom to the contrary, you don’t always have to be an early adopter to win in tech.

“You have to remember that the ERP system is the most critical software asset for any customer. There is a lot of trust involved in running that system,” says Steinhauser. “If the CRM [customer relationship management software] doesn’t work for an hour or so, it’s inconvenient. But if the ERP stops working then your entire business stands still.”

A strategy for AI

A consequence of this is that SAP customers generally prefer a proven solution that is a follower over one that is cutting-edge but untried.

SAP estimates that completing the cloud transformation will underwrite ongoing revenue growth until 2030, providing a welcome runway to prepare for the next wave of change—AI. “Our flagship offer for cloud migration is called Rise with SAP. It’s really a transformation that starts with moving your ERP to the cloud. The whole journey that follows is also about simplifying business processes, building AI use cases and expanding across our integrated suite to avoid cost and build business capability,” says Steinhauser.

“We remind ourselves every day that tech is the most competitive industry on earth…”Sebastian Steinhauser, chief operating officer at SAP

In terms of AI, he sees the greatest opportunities, both for SAP and for Europe as a whole, in application rather than development. “There has been a wave of AI experimentation, but now the real challenge is in AI adoption and value creation,” he says. So as AI technology matures, competitive advantage will be less about who has the best tech and more about who gets the most out of their data. “The real differentiation will be in the context rich data you can feed in.”

SAP already has a ton of great data—integrating it all so that AI agents can get to work extracting value for its clients is what deals like the much-vaunted tie-up with data intelligence platform Databricks is all about. “It’s the perfect example of our strategy. We partner with the best technology out there and then apply it to solve the most pressing business problems,” Steinhauser says.

The SAP story may lack the Silicon Valley glitz of go-to corporate tech reinventions like Apple and Microsoft, but it is no less radical, says Gary Dushnisky, professor of strategy and entrepreneurship at London Business School. “SAP has exercised amazing foresight in some of the strategies they have developed, and they have also managed to reinvent themselves two or three times. That’s something that many other companies have failed to do.”

Besides, SAP’s real commercial rivals are not so much the megacorps of the Magnificent Seven (many of whom are SAP users themselves) but rather enterprise service platform providers like Oracle, ServiceNow and Monday.com for back office and workflow automation, and also Salesforce, which specializes in CRM but is increasingly meeting SAP in a battle to own the complete ‘customer experience’.

Out-competing them requires a certain counter-intuitive lack of interest, says Steinhauser. “Ultimately I am not that interested in what this competitor or that competitor is doing, because that is not what makes SAP unique. I am much more interested in how customer expectations evolve with technology.”

Europe’s missing tech giants

Why aren’t more of SAP’s rival companies European? The stock answer is that European companies simply aren’t as ambitious, but that is too simplistic for Dushnitsky. He highlights structural differences such as the huge disparity in the financial firepower available in the U.S. and increasingly Asia, compared to Europe.

“There has been a wave of AI experimentation, but now the real challenge is in AI adoption and value creation.”Sebastian Steinhauser

This makes it much more likely that promising European companies will be acquired by U.S. ones before they can go global than the other way round. Another related difference is in American founders’ inclination to rebuff would-be acquirers rather than give in to them: having the nerve to say ‘no’ when a tempting offer is on the table.

“Mark Zuckerberg said no, Sergey Brin said no. Across the globe, people who are able to build these large organizations are people who want to build, rather than wanting to sell out,” Dushnitsky observes.

Rather than blaming the companies, Steinhauser says that it is the environment they operate in that needs attention. “I’m a passionate European, and Europe has all the ingredients. Some of the best talent, the best universities and the best research in the world are in Europe”.

But the continent loses out in other ways. For example, as the Draghi report on European competitiveness detailed, tech companies looking to expand across Europe must negotiate no fewer than 100 regulations relating to software, and 270 regulatory bodies. “We’d love to see five more SAP’s, but unfortunately I think [in Europe] we are still more focused on creating barriers to innovation,” Steinhauser says. 

Ultimately, focusing too much on questions of origin and location can hinder rather than facilitate growth ambitions, Steinhauser concludes. “I think part of SAP having achieved the scale we have is that we never defined ourselves as German or European, but as a global tech company having to compete with other global technology companies, 99% of which sit in the U.S.”

Europe lags the U.S. and China in key growth sectors due to costly energy and stalled market reforms. This article series explores how technology, regulation, and innovation can revive its competitiveness.



This story originally appeared on Fortune

Could the Tesla stock price hit $2,739? Elon Musk hopes so!

0


Against a backdrop of falling sales and earnings, Tesla (NASDAQ:TSLA) stock jumped 5.6% on Friday (5 September) after the company unveiled its ‘2025 CEO Performance Award‘.

What’s the incentive?

Although there’s plenty of devil in the detail of the deal, the headline is that if Elon Musk can get the company’s stock market valuation to $8.5trn within 10 years, he will receive shares worth a staggering $1trn.

Tesla’s current market-cap is $1.09trn. If the group’s chief executive and largest shareholder were to meet all of the targets, the company’s stock price would be at least $2,739. At the moment, it’s around $355.

Hugely ambitious

The group’s board of directors acknowledge that it’s a challenge. A closer look at the proposal (it requires shareholder approval) shows that it’s not an ‘all or nothing’ package. There are 12 milestones on the way to $8.5trn. For each one that Musk hits, he will receive a tranche of new shares.

There are also EBITDA (earnings before interest, tax, depreciation and amortisation) targets – the last of which is $400bn – as well as four product goals. These comprise 20m vehicles and 1m bots to be delivered, 10m active Full Self-Drive (FSD) subscriptions and 1m robotaxis in commercial operation.

Measure Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25
Total revenue ($m) 21,301 25,500 25,182 25,707 19,335 22,496
Gross profit ($m) 3,696 4,578 4,997 4,179 3,153 3,878
Gross margin (%) 17.4 18.0 19.9 16.3 16.3 17.2
Net income ($m) 1,129 1,400 2,173 2,128 409 1,172
Deliveries 386,810 443,956 462,890 495,570 336,681 384,122
Source: company reports

Will it happen?

The trillion-dollar question is: will Musk get Tesla to a market-cap of $8.5trn?

Due to the enormous numbers involved, it’s easy to say it’s impossible although I suspect even the most sceptical will acknowledge that, at some point over the next 10 years, the company’s going to be worth more than it is today.

For the 12 months ended 30 June, Tesla’s adjusted EBITDA was $15.2bn. At the moment, the group’s valued at 71 times this figure. Using this multiple, if it can reach $400bn of EBITDA, it would be valued at $28.4trn!

I find these figures mind blowing. And this makes me doubtful. But Musk has a history of proving the sceptics wrong. In 2018, Business Insider ran an article with the headline: ‘All the ways that Tesla could go bankrupt in the next year‘.

The decision to offer such an enormous incentive package is a vote of confidence in a man whose recent foray into American politics has reportedly damaged the brand. Also of concern, President Trump has cut government subsidies for the industry.

A different world

But Tesla isn’t the only electric vehicle (EV) maker experiencing falling sales. Reports suggest BYD has cut its production targets for 2025. And I think this reflects the fact that every car manufacturer in the world is now moving into a market that was previously occupied exclusively by Tesla.

Supporters will point out that Tesla isn’t a car company and should be valued more highly than others in the automotive industry. But mainstream manufacturers are closing the gap with their own technology offerings. Personally, I struggle to understand the fascination with self-driving taxis. Having a human get me from A to B works pretty well at the moment.

Whether Musk becomes the world’s first trillionaire is still up for debate. But in my opinion, the stock’s currently trading at a level that seems to be ignoring the EV progress being made by other car producers. And I believe it over-estimates the uniqueness of Tesla’s offer. On this basis, the stock’s not for me.



This story originally appeared on Motley Fool

Hannah Ann Slings The Ultimate Game Day Appetizer Tray Hack

0


Instagram/@hannahann

The influencer and reality TV star Hannah Ann has recently named for her creation as the “Ultimate Game Day appetizer.” So brilliantly simple, it starts with two cans of biscuit dough that you roll into balls and then put around the edge of a baking tray. The middle is left for four different dips of your choice. The dips Hannah Ann used included spinach artichoke, buffalo chicken, cheddar bacon ranch, and a sweet cream cheese and jelly alternative. After brushing it with melted butter, Hannah Ann bakes the entire tray for 25-30 minutes until golden brown, resulting in a shareable pull-apart biscuit situation with built-in dip stations.”

Advertisement

Transcription even caught the excitement in the air. “This Ford Dip appetizer tray was so easy to put together,” she said, explaining how she combined “three favorite store-bought dips” with a homemade cream cheese and jelly mixture. She focused on “minimal clean-up” and “how it turned out so amazing.”

That immediately captured the attention of culinary connoisseurs, many of whom said they needed to test the recipe right then and there. “Yum, I need that in my life!” sighed one of the craving respondents. “Food for football season is so fun!” commented another; Hannah Ann agreed that is her favorite season.

The adaptiveness and ease of preparation are hidden secrets to its success. One puzzled user threw in the question probably bothering everyone: “Did you make the dips or buy them?” Hannah Ann answered, “Both!” making it possible from beginner to expert to embrace the recipe—grab your favorite dips straight from the store or go the extra mile and whip up your own. Another commenter added, “That’s pretty smart.”

Frenzied comments about the recipe birthed some personal remarks. A fan, who’s obviously feeling a little sentimental, took a shot at a reunion: “You should reunite with @madisonbontempo @kylerstevenfisher @taytumandoakley @halston.blake @oliverandcohen again that would be a blast!!!” One of the comments also went to her personal life: “Hannah, that looks amazing… Jacob is a very lucky man.”

The communal and celebratory nature of the dish scores big. The invitation for dinner from a couple of users is probably a joke. One pleaded, “Looks so good ughhh invite me over for dinner girl😩💖💖.” The second said, “Omg yum!! Game day at your house every weekend!! 😂,” to which, Hannah Ann replied with sarcasm, “next weekend?!❤️😂”.

One user, possibly much smaller-minded, gave most relatable must-have comments: “Me about to make this for just my husband and I 😂.” It just goes to show that while this recipe is meant for a crowd, it is almost foolish not to do it for a quiet evening for two.

Advertisement

The game day hack offers a meal of ultimate simplicity and crowd-pleasing results. It hits the spirit of football season entertaining—easy, shareable, and an absolute crowd pleaser. The winner’s tray is cookbook-worthy for any home chef, whether planning a huge gathering or a tiny one for just two people wanting to pamper themselves. Additionally, Hannah Ann‘s creativity in the kitchen makes her a standout figure in the culinary world.



This story originally appeared on Celebrityinsider

With one big punch, Nate Landman knocks out Texans in Rams’ win

0


Nate Landman punched in as a Ram on Sunday.

And the team’s new linebacker and team captain punched out the Houston Texans.

With the Texans threatening to score in the final minutes of the opener, Landman showed an artisan’s touch by separating the ball from a Texan running back’s grip and forcing a fumble that was recovered by lineman Braden Fiske.

The play all but sealed the Rams’ 14-9 season-opening victory before 71,346 at SoFi Stadium.

“It means so much,” said Landman, who played three seasons for the Atlanta Falcons before signing a one-year contract with the Rams. “You work, you work, you work, for that moment to happen there, and for that moment to come to fruition and expose itself is really great.”

Landman was one of several key players for a defense that limited the Texans to three field goals.

Cornerback Cobie Durant intercepted a pass, edge rusher Byron Young, lineman Tyler Davis and safety Jaylen McCollough recorded sacks and Fiske made a spectacular play to recover Dare Ogunbowale’s fumble after Landman punched it out.

Those efforts made it easier for an offense that will need some fine-tuning to live up to its hype.

“Landman making that punch out was so cool,” quarterback Matthew Stafford said.

1

2

Rams safety Jaylen McCollough celebrates during the first half.

3

Rams running back Kyren Williams tries to evade Houston Texans defenders.

4

Quarterback Matthew Stafford celebrates the Rams' win.

5

Houston cornerback Derek Stingley Jr. pushes Rams wide receiver Jordan Whittington.

1. Rams tight end Davis Allen (87) celebrates with teammates after making a touchdown catch. 2. Rams safety Jaylen McCollough celebrates during the first half. 3. Rams running back Kyren Williams tries to evade Houston Texans defenders. 4. Quarterback Matthew Stafford celebrates the Rams’ win. 5. Houston cornerback Derek Stingley Jr. pushes Rams wide receiver Jordan Whittington out of bounds in the second quarter. (Allen J. Schaben / Los Angeles Times)

Stafford, in his 17th NFL season, did not commit a turnover while etching his name deeper into the NFL record book. He completed 21 of 29 passes for 245 yards and a touchdown, and became only the 10th player to pass for more than 60,000 yards.

After sitting out all of training camp and several weeks of preseason practices because of a back issue, his ability to start and finish the game was a victory unto itself.

Receiver Puka Nacua also showed characteristic grit and toughness. Despite suffering an injury that required stitches in his head, Nacua caught 10 passes for 130 yards. Receiver Davante Adams caught four passes for 51 yards in his Rams debut.

Running back Kyren Williams rushed for a touchdown and tight end Davis Allen caught a touchdown pass as the Rams improved to 7-2 in openers under ninth-year coach Sean McVay.

“Our guys found a way,” McVay said of his team’s overall effort, “and that’s what it’s about.”

Sunday’s game marked the start of the Rams’ 10th season in Los Angeles since returning from St. Louis.

And the defense’s performance, save for an untimely penalty or two, rated a near 10.

Rams coach Sean McVay shares a hand slap with wide receiver Puka Nacua during the Rams' season-opening win.

Rams coach Sean McVay shares a hand slap with wide receiver Puka Nacua during the Rams’ season-opening win.

(Allen J. Schaben / Los Angeles Times)

The Rams’ offense managed only Williams’ touchdown in the first half. Meanwhile, Ka’imi Fairbairn kicked three field goals to give the Texans a 9-7 lead.

But the Rams appeared to come out with a different attitude in the second half.

Stafford’s passes to Adams and Xavier Smith set up Allen’s touchdown catch that gave the Rams the lead, and they appeared on their way to increasing their advantage when they drove to the Texans’ 12-yard line with just over four minutes left.

But tight end Colby Parkinson fumbled after a short reception, putting the onus on the Rams defense.

When quarterback C.J. Stroud’s third-down pass fell incomplete, the Rams looked like they were on the verge of victory. But a roughing-the-passer penalty against lineman Kobie Turner kept the drive alive.

Stroud completed a pass to Ogunbowale, and on the next play they connected for another. But this time Landman punched the ball out of Ogunbowale’s grip.

McVay was not surprised.

Landman, who forced three fumbles in each of the previous two seasons, has had more punchouts in practice than any other player,” McVay said.

“He has just a great feel for it,” McVay said, “so he’s intentional, and I think it’s rubbed off on the rest of the group. And he got it at a critical time. You talk about competitive greatness — that was on display.”

Stafford’s 24-yard pass to Nacua in the final minute sealed the victory.

“That’s complementary football, right?” Stafford said. “That’s, ‘Hey, we make a mistake, defense comes out and makes a play for us. Hey, you know what, we aren’t going to put you back out on the field defense, we’re going to close this thing out taking a knee.’

“Those are things you can build on.”

The Rams play the Tennessee Titans and the defending Super Bowl-champion Philadelphia Eagles on the road the next two weeks.

“The sky’s the limit for this defense,” Landman said. “You see the guys we have up front, the pressure we’re able to create on the quarterback.

“And you pair that with the coverage behind it — it’s a lot to look forward to this year.”



This story originally appeared on LA Times

Up 25%, investors are rushing to buy this FTSE 100 comeback stock!

0


Image source: Vodafone Group plc

Despite growing economic worries, the FTSE 100 continues to trade near all-time highs, delivering double-digit returns over the last 12 months. But even with this strong performance, Vodafone (LSE:VOD) shares are proving to be a bit more impressive, delivering closer to 15% over the same period. And anyone who invested at the start of 2025 has since earned an even chunkier 25%!

Looking at the latest trading data from AJ Bell, Vodafone was the third most popular purchase over the past month, right behind Rolls-Royce and Nvidia. That’s quite a difference compared to the start of the year, where investors were actively selling their shares.

So what’s changed? And could this be the start of a potential comeback story?

Shifting investor sentiment

Vodafone’s in a bit of a complex situation. Management’s actively restructuring the business to focus on its core German, British and African markets while selling off its remaining European and international operations.

The proceeds from these disposals are already being used to chip away at its problematic debt pile. However, the stock’s recent momentum appears to revolve around its recently successful merger with Three UK. Providing the deal lives up to performance expectations, an extra €400m could be flowing to the bottom line each year alongside £700m of potential cost synergies.

Management certainly seems to be confident, given it has also launched a €500m share buyback programme. And with some operational improvements already materialising, the group’s underlying profit margins have started ticking back in the right direction, albeit very slowly.

Pairing these factors with a fairly undemanding valuation has led to speculation that the FTSE 100 stock was overly punished for its previous mistakes. Some institutional analysts have even gone on to raise their share price targets, anticipating that if Vodafone continues to hit operational milestones, the stock could have further to climb.

What could go wrong?

It’s always encouraging to see a struggling business get back on its feet. However, not everyone’s convinced that Vodafone is out of the woods just yet. Even if the Three merger delivers on its promises, there are several lingering issues that aren’t going to be easily solved.

Analysts at JP Morgan have explicitly raised concerns over the state of its operational execution in Germany. The shifting regulatory landscape surrounding telecommunications businesses has already resulted in new headwinds.

For example, a recent law change surrounding bundling TV into rent by landlords saw Vodafone lose an estimated three to four million TV customers. And that’s after spending aggressively on marketing campaigns to try and retain these clients, demonstrating the highly competitive environment Vodafone has to navigate.

Continued erosion of share within its largest market could ultimately offset any gains made in the UK and Africa. And with another €55.1bn of debts & equivalents still to address, weaker German performance could prevent management from delivering the turnaround that investors are hoping for.

The bottom line

There’s no denying that overall, Vodafone’s in a much stronger financial and operational position compared to a year ago. But there remains a long road ahead. And until I see better results coming from Europe, I’m staying on the sidelines.

Instead, I think investors may get better returns by exploring other potential FTSE 100 opportunities.



This story originally appeared on Motley Fool

Economic crisis in France goes beyond its overspending problem | Money News

0


Once upon a time if folks wanted to pinpoint the most economically-vulnerable country in Europe – the one most likely to face a crisis – they would invariably point to Greece or to Italy.

They were the nations with the eye-waveringly high bond yields, signalling how reluctant financiers were to lend them money.

Today, however, all of that has changed. The country invariably highlighted as Europe’s problem child is France.

Indeed, look at the interest rates investors charge European nations and France faces even higher interest rates than Greece.

And these economic travails are central to understanding the political difficulties France is facing right now, with one prime minister after another resigning in the face of a parliamentary setback.

Read more:
French PM looks set to lose confidence vote

It mostly comes back to the state of the public finances. France’s deficit is among the highest in the developed world right now.

Everyone spent enormous sums during the pandemic. But France has struggled, more than nearly everyone else, to bring its spending back down and, hence, to reduce its deficit. Successive budget plans have been announced and then shelved in the face of political resistance.

France’s government spends more, as a percentage of gross domestic product, than any other developed economy.

The government’s most recent budget plans called for what most people would see as relatively minor spending cuts – barely more than a couple of percentage points off spending, after which France would still be the third biggest spender in the world.

But even these cuts were too controversial for the French people, or rather their politicians.

Yet another prime minister looks likely to fall victim to an unsuccessful bill. Deja vu all over again, you might say.

A deeper issue is that the latest worsening in France’s public finances isn’t just a sign of political resistance, or indeed of a nation that can’t bear to take the unpalatable fiscal medicine others (for instance Greece or the UK) have long been ingesting.

For years, France could rely on a phenomenon many other developed economies couldn’t: strong productivity growth.

The country’s people might not work as many hours as everyone else, but they sure created a lot of economic output when they were at their desks.

However, in recent years, French productivity has disappointed. Indeed, output per hour growth in France has dropped well below other nations, which in turn means less tax revenue and, lo and behold, the deficit gets bigger and bigger.

All of which is why so many people, including Prime Minister Francois Bayrou himself, have warned that France is at risk of a market meltdown.

In a recent speech, he pointed to the example of Liz Truss and her 2022 mini-Budget. Beware the market, he said. You never know how close you are to a crisis.



This story originally appeared on Skynews

Australian woman is sentenced to life in mushroom murder case : NPR

0


Convicted triple murderer Erin Patterson leaves the Supreme Court of Victoria following her sentencing in Melbourne, Australia, on Monday, Sept. 8, 2025.

Joel Carrett/AAP Image/AP


hide caption

toggle caption

Joel Carrett/AAP Image/AP

MELBOURNE, Australia — An Australian judge on Monday sentenced triple-murderer Erin Patterson to life in prison with a non-parole period of 33 years for poisoning four of her estranged husband’s relatives with death cap mushrooms.

Justice Christopher Beale told the Victoria state Supreme Court that Patterson’s crimes involved an enormous betrayal of trust.

Patterson was convicted in July of murdering Don and Gail Patterson and Gail’s sister, Heather Wilkinson, with a lunch of beef Wellington pastries laced with foraged death cap mushrooms.

Patterson was also convicted of attempting to murder Heather’s husband Ian Wilkinson, who spent weeks in a hospital.

Patterson’s estranged husband, Simon Patterson, was invited but did not attend the July 2023 lunch served to her parents-in-law and her estranged husband’s aunt and uncle at her home.

Murderer robbed her children of their grandparents”Your victims were all your relatives by marriage. More than that, they had all been good to you and your children over many years, as you acknowledged in your testimony,” Beale said.

“Not only did you cut short three lives and cause lasting damage to Ian Wilkinson’s health, thereby devastating extended Patterson and Wilkinson families, you inflicted untold suffering on your own children, whom you robbed of their beloved grandparents,” he added.

Both prosecution and defense lawyers had agreed that a life sentence was an appropriate punishment for the 50-year-old on three counts of murder and one of attempted murder.

But defense lawyers had asked for Patterson to become eligible for parole after serving 30 years. Prosecutors had argued she should never be considered for parole because she did not deserve the court’s mercy.

Survivor calls for kindnessIan Wilkinson did not comment on the sentence but thanked police, prosecutors and health services he’d encountered since the poisonings.

“We’re thankful that when things go wrong, there are good people and services and systems available to help us recover,” he told reporters outside court.

“Our lives and the life of our community depends on the kindness of others. I’d like to encourage everybody to be kind to each other. Finally, I want to say thank you to the many people from across Australia and around the world who through their prayers and messages of support have encouraged us,” he added.

Beale said Patterson had also intended to kill her husband if he had accepted his invitation to lunch.

She had pretended to have been diagnosed with cancer as a reason to bring them together. She claimed to have wanted advice on how to break the news to her two children, who were not present at the lunch.

Beale accepted Ian Wilkinson’s account that the guests were served grey plates while Patterson ate from an orange-tan plate. This was to ensure she didn’t accidentally eat a poisoned meal, Beale said.

Only triple-killer knows her motivation”Only you know why you committed them (the crimes). I will not be speculating about that matter,” the judge told Patterson.

Patterson showed little emotion during the sentencing hearing, which took less than an hour. She kept her eyes closed for much or it or stared directly ahead.

Patterson maintained at her trial that she had added foraged mushrooms to the meals by accident.

But she had initially denied to authorities that she fed her guests foraged mushrooms. A drug that is a specific antidote for death cap mushroom poisoning was not initially administered to her dying victims.

Beale told Patterson he inferred “from your pitiless behavior that your intention to kill was ongoing.”

Beale noted that no psychiatric or psychological reports had been provided in her sentencing hearing. He said he had no doubt she had instructed her lawyers not to provide such evidence.

Patterson has been in custody since she was charged on Nov. 2, 2023. Her sentence is backdated until then. She has 28 days from her sentencing to appeal against her convictions and the severity of her sentence.

The case has attracted enormous public interest in Victoria, nationally and internationally. Because of this, the Victorian Supreme Court allowed for the first time a sentencing hearing to be broadcast live on television.

Beale accepted that because Patterson was classified as a “notorious” prisoner who had to be kept separate from other inmates for her own safety, her conditions were harsher than those of a mainstream prisoner.

Patterson spends at least 22 hours a day in her call and has never spoken to the only inmate she’s allowed to. That inmate, who has an adjoining exercise yard that shares a mesh wire fence, has been convicted of terrorism offenses and has attacked other prisoners.

“I infer that, given the unprecedented media coverage of your case, and the books, documentaries and TV series about you which are all in the pipeline, you are likely to remain a notorious prisoner for many years to come, and, as such, remain at significant risk from other prisoners,” Beale said.



This story originally appeared on NPR

Katy Perry & Orlando Bloom Might Have a Custody Battle but Not Over Their Daughter, Source Claims

0


Katy Perry and Orlando Bloom’s split has been making headlines, and the former couple might soon fight a custody battle over their dog. While the custody matter over their daughter, Daisy Dove, is undisputed, the one over their teacup poodle, Biggie Smalls, is reportedly complicated. With both parties attached to the pet, the question of who gets to keep him remains unresolved.

Katy Perry and Orlando Bloom might be engaged in a custody battle over their dog, source claims

According to an exclusive report by Radar Online, Katy Perry and Orlando Bloom’s custody battle over their dog is causing differences. A source told the tabloid, “They’ve had a few dogs together and fostered a few, but Biggie Smalls is Orlando’s dog, at least that’s the way he sees it.” They added, “He got the dog last year and refuses to part with him. Besides, he thinks Biggie Smalls loves him more.”

The actor reportedly views the dog as a source of support following the couple’s separation. Moreover, Bloom’s friends say he believes he has put in the most work raising the pet. The insider shared, “Orlando says he bathes him, takes him to the vet, and cleans up after him when he makes a mess, which isn’t very often because Orlando has him trained.” Additionally, “The way Orlando sees it, he does more for the dog, so he should have him.”

However, Perry feels strongly about keeping the pup in her life. The source explained, “Katy loves Biggie Smalls, too, and word is she wants to keep the dog or at the very least be part of the dog’s life on a part-time basis.” At the same time, they claimed, “There’s no way Orlando is giving up full custody of Biggie Smalls.”

Contrary to the dog’s case, Katy Perry and Orlando Bloom have reportedly had almost no custody battle when it comes to their daughter. According to the source, “Their friends think it’s kind of sad. They seem to be coparenting Daisy just fine with no real issues, but Biggie Smalls is a different matter.” They added, “It’s going to be hard for Katy to accept he’s Orlando’s dog, and heartbreaking, too.” For now, the question of who gets custody of the pint-sized poodle appears to be uncertain.



This story originally appeared on Realitytea

Gift-grabbing wedding crasher held; some of cash is found, police say

0

After a video went viral last week showing a man crashing a wedding in Glendale and then taking off with a gift box containing about $60,000 in cash and checks, police were able to identify and arrest two men in connection to this brazen theft.

Armean Shirehjini was arrested Thursday at his home in Sherman Oaks, along with Andranik Avetisyan, who resides in Los Angeles, according to Glendale police detectives. Shirehjini is suspected of stealing the gift box, and Avetisyan was identified as the alleged getaway driver on the night of the wedding.

The theft took place just after midnight Aug. 31 at the Renaissance Banquet Hall in Glendale. Video surveillance from the venue shows a well-dressed man moving casually through the wedding reception while guests are on the dance floor. He appears at ease and even holds the door open for a few guests.

The suspected thief, who was an uninvited guest, went largely unnoticed until a bridesmaid saw him grab the donation box from the banquet hall and dash out through a side door.

“At that point, the music stopped, everyone was aware of the situation,” Nadeen Farahat, the bride, told KTLA-TV. “It’s such a memorable and happy day and you’re having so much fun. You don’t think about this stuff. It’s the last thing that could’ve been on anyone’s mind.”

George Farahat, the groom, told The Times that the man was clearly visible in surveillance recording, carrying the gift box to a black Mercedes-Benz SUV waiting in an alley outside the banquet hall. Other video had clear images of the man’s face during the wedding reception, which helped police identify and track down the suspects within five days of the wedding.

During the arrest last week, Shirehjini, the main suspect, was found to be in possession of a handgun, police said. Several firearms and various drugs were also seized, and “detectives are still processing a significant amount of evidence and will continue their work through the weekend,” according to a Glendale police report.

Glendale Police Sgt. Jose Barajas told ABC-7 that detectives were also able to recover 26 checks and about $10,000 in cash. (About $60,000 in cash, gift cards and checks had been stolen in total, according to estimates from the newly married couple.)

It remains unclear why the couple was targeted or whether the thieves had carried out a similar wedding-venue crime before.

Anyone with additional information related to this investigation is urged to contact the Glendale Police Department burglary detectives at (818) 548-3127.



This story originally appeared on LA Times