Connect with us

Published

on

Dominic Raab is to hold a series of diplomatic meetings this week focusing on future engagement with the Taliban after the final UK troops pulled out of Afghanistan on Saturday.

The foreign secretary will host talks with other officials in a bid to find an international consensus on how to deal with Afghanistan’s new regime and to ensure the Taliban stands by its commitment to allow safe passage for foreign nationals and Afghans authorised to enter third countries, diplomatic sources said.

It came as Foreign Office Minister James Cleverly told Sky News it is “impossible” to say how many people are left in Afghanistan who are eligible to come to the UK.

19/08/2021. London, United Kingdom. Foreign Secretary Dominic Raab calls Wang Yi, the Chinese Foreign Minister to discuss Afghanistan from his office at the Foreign Commonwealth and Development Office in London. Pic: Simon Dawson/Downing St
Image:
Dominic Raab will hold diplomatic talks on the situation in Afghanistan this week

Mr Raab will take part in a meeting on Monday with G7 members, Nato, Qatar and Turkey, the Foreign, Commonwealth and Development Office said.

Ensuring safe passage for foreign nationals and Afghans authorised to enter third countries is likely to be the main focus following a statement from the UK and more than 90 other countries and organisations which said these assurances had been received from the Taliban.

It comes amid fears that the number of Afghans left behind who may have been eligible for resettling is higher than originally thought.

Speaking to Sky News on Monday, Mr Cleverly said the “vast, vast bulk” of British nationals had left the country, but there are also people eligible under the Afghan Relocations and Assistance Policy (ARAP) – which is for people who helped the UK’s forces – and others still there who could be under threat.

More on Afghanistan

“We are going to continue working to get people out who fall into those groups – predominantly now, of course, it will be in that third group – people at risk of reprisals, whether they be high-profile individuals, of religious minorities or others who may be under severe risk of reprisals from the Taliban,” the foreign office minister said.

Australian citizens and visa holders queue up to board the Royal Australian Air Force C-17A Globemaster III aircraft, as Australian Army infantry personnel provide security, at Hamid Karzai International Airport in Kabul, Afghanistan August 22, 2021. SGT Glen McCarthy/ Australia's Department of Defence/Handout via REUTERS. ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVES.
Image:
Labour say the government’s figures for those left in Afghanistan who are eligible to be assisted are ‘seriously underestimated’

Writing to Mr Raab on Sunday, shadow foreign secretary Lisa Nandy said Labour MPs had 5,000 potential refugee cases in their inboxes and said the government’s figures for those eligible are a “serious underestimate”.

Mr Cleverly told Sky News the UK government hopes to work with the Taliban to ensure the safe passage of Afghans out of the country.

“We will judge the Taliban by their actions. They have made certain commitments about not taking out reprisals on individuals, about facilitating exit,” he said.

“Obviously we are sceptical about those commitments but we will continue working with them to an extent, based on their conduct, to try to facilitate that further evacuation and repatriation effort.

“What we are not going to do is just assume good faith in every respect – we are going to judge them on their actions, we are going to hold them to account if they fall short of their promises and commitments – but we are going to keep working to get people out of Afghanistan that need to leave Afghanistan.”

Please use Chrome browser for a more accessible video player

How do we get those left behind out?

Other topics for the diplomatic discussions are set to include ensuring Afghanistan does not become a terrorist hot-spot and the need to prioritise stability in the region.

The foreign secretary will also emphasise the importance of holding the Taliban to account over human rights promises, diplomatic sources said.

Prime Minister Boris Johnson’s special representative for Afghan transition, Sir Simon Gass, will hold similar talks in Doha while the UK’s UN ambassador will discuss the situation with her counterparts from the four other permanent member countries of the UN Security Council – China, France, Russia, and the United States.

Speaking on Sunday, the PM said the UK will “engage with the Taliban not on the basis of what they say, but what they do”.

“Though we now leave with the United States, we will remain represented in the region,” Mr Johnson said.

“Together with our allies in America and Europe and around the world, we will engage with the Taliban not on the basis of what they say but what they do.

“If the new regime in Kabul wants diplomatic recognition, or to unlock the billions that are currently frozen, they will have to ensure safe passage for those who wish to leave the country, to respect the rights of women and girls, to prevent Afghanistan from, again, becoming an incubator for global terror, because that would be disastrous for Afghanistan.”

Please use Chrome browser for a more accessible video player

British troops leave Afghanistan.

The UK government has faced criticism for withdrawing troops from Afghanistan.

Speaking at the weekend, Conservative chairman of the foreign affairs select committee Tom Tugendhat described the situation as a “sprint finish after a not exactly sprint start”.

Meanwhile, Labour have accused ministers of being “missing in action”.

On Sunday, the last remaining UK troops began to touch down in the UK after leaving Kabul for the last time, ending Britain’s 20-year campaign in Afghanistan.

It followed the departure of the last flight dedicated to the evacuation effort on Friday night.

Please use Chrome browser for a more accessible video player

Afghan refugees: Taliban ‘would have killed us’

Under Operation Pitting, the UK evacuated 15,000 people from Kabul in a fortnight – including 5,000 British nationals and more than 8,000 Afghans who worked for the UK and their families, as well as many highly vulnerable people.

Among those fleeing were approximately 2,200 children who have now been lifted to safety – the youngest of whom was just one day old.

It has been the UK’s largest military evacuation since the Second World War.

About 10,000 people have been brought to the UK under the Afghan Relocations and Assistance Policy (ARAP), which is double the number anticipated this year.

Continue Reading

Politics

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

Published

on

By

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry.

According to a May 9 Bloomberg report, Democratic senators asked Attorney General Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as part of its November 2023 plea agreement with US authorities, amid reports that Trump and his family had deepened connections with the exchange.

That settlement saw Binance pay more than $4 billion as part of a deal with the Justice Department, Treasury, and Commodity Futures Trading Commission, and had then-CEO Changpeng “CZ” Zhao step down.

However, since Trump won the presidency in 2024, many lawmakers have accused the president of corruption from profiting off crypto while being in a position to influence laws and regulations over the industry.

Trump has launched his own memecoin — which earns the project millions of dollars in transaction fees — and offered the top tokenholders the opportunity to attend an exclusive dinner in Washington, DC. His family-backed crypto venture World Liberty Financial also recently announced that an Abu Dhabi-based investment firm, MGX, would settle a $2 billion investment in Binance using the platform’s USD1 stablecoin.

“Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies,” the senators said in the letter, according to Bloomberg.

Related: Trump tricked into pushing XRP for crypto reserve: Report

Stablecoin bill fails to pass the US Senate

The letter came less than 24 hours after some of the same senators blocked a crucial vote on a bill to regulate stablecoins, named the GENIUS Act. Senator Elizabeth Warren, who reportedly signed the letter and opposed moving forward on the stablecoin bill, suggested the Senate should not be aligned with “facilitat[ing] this kind of corruption” from Trump.

Bessent said the Senate “missed an opportunity” by not passing the stablecoin bill, but did not directly address any of the concerns over Trump’s crypto interests. It’s unclear if or when the chamber could consider another vote on the bill.

In an April 23 report, the nonpartisan organization State Democracy Defenders Action said roughly 40% of Trump’s net worth was tied to crypto. The group noted that the GENIUS Act, in its current version, “would not prevent President Trump from using his executive powers to establish a regulatory environment and enforcement agenda that prioritizes his personal enrichment over the broader interests of US stakeholders.”

Amid the concerns with the stablecoin and proposed market structure bills, Zhao reportedly applied for a federal pardon from Trump. Though the former CEO already served four months in prison, a pardon for his felony charge could allow him to get more involved with the crypto industry through a management position.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Continue Reading

Politics

Chancellor insists Labour rebels ‘know the welfare system needs reform’ as they push for change

Published

on

By

Chancellor insists Labour rebels 'know the welfare system needs reform' as they push for change

Chancellor Rachel Reeves has insisted that rebelling Labour MPs “know the welfare system needs reform” as the government faces a growing backlash over planned cuts.

Sir Keir Starmer is under pressure from Labour MPs, with about 40 in the Red Wall – the party’s traditional heartlands in the north of England – warning the prime minister’s welfare plan is “impossible to support” in its current form.

Dozens have thrown their support behind a letter urging the government to “delay” the proposals, which they blasted as “the biggest attack on the welfare state” since Tory austerity.

Follow live: UK-US trade deal

Ms Reeves on Friday reiterated her plans for reform, insisting that no-one, including Labour MPs and party members, “thinks that the current welfare system created by the Conservative Party is working today”.

She said: “They know that the system needs reform. We do need to reform how the welfare system works if we’re going to grow our economy.”

But, the chancellor added, if the government is going to lift people out of poverty “the focus has got to be on supporting people into work”.

More on Labour

“Of course if you can’t work, the welfare state must always be there for you, and with this government it will be,” she said.

The reforms, announced ahead of Ms Reeves’s spring statement in March, include cuts to Personal Independence Payments (PIP), one of the main types of disability benefit, and a hike in the universal credit standard allowance.

Read more:
UK and US trade deal will save thousands of UK jobs – PM
Starmer faces rebellion from Labour MPs over welfare reforms

The government has claimed that changes to welfare will cut the budget by £4.8bn overall.

Separately, Downing Street refused on Friday to deny that Ms Reeves has consulted on potentially overhauling their winter fuel payment policy.

Labour’s unpopular decision to means-test the policy has taken the benefit away from millions of pensioners.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Ministers have faced pressure from their own backbenchers to rethink the policy in the wake of last week’s local election results, which saw Labour lose the Runcorn by-election and control of Doncaster Council to Reform UK.

Asked if the chancellor has discussed the winter fuel payment in private, the prime minister’s spokesperson said they would not give a running commentary.

Pushed again, Number 10 said a “range” of discussions take place in government – which is not a denial.

However, it is worth noting that when reports emerged earlier this week that Downing Street was reviewing the policy, the government strongly pushed back on that suggestion.

Continue Reading

Politics

Taiwan lawmaker calls for Bitcoin reserve at national conference

Published

on

By

Taiwan lawmaker calls for Bitcoin reserve at national conference

Taiwan lawmaker calls for Bitcoin reserve at national conference

Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.

Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9.

In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.

Taiwan lawmaker calls for Bitcoin reserve at national conference
Source: Ko Ju-Chun

Ko’s announcement came shortly after the legislator held talks with Samson Mow, who advocates for Bitcoin adoption by states like El Salvador at his BTC tech firm Jan3.

Taiwan is an export-oriented economy

Ko highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.

“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker stated.

In a scenario of more intense currency volatility or potential regional conflicts, Taiwan may “very likely be unable to ensure the security and liquidity,” Ko continued, adding that Bitcoin could be a great addition to Taiwan’s reserves for several reasons.

Law, Investments, Taiwan, Samson Mow, Policy, Bitcoin Reserve
Ko Ju-Chun advocated for the adoption of Bitcoin by the Taiwanese government before the Legislative Yuan. Source: Ko Ju-Chun

“Bitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo,” he said.

Bitcoin is not the only solution

Referring to many global initiatives considering Bitcoin adoption as a reserve asset, Ko stressed that he’s not advocating for Bitcoin as the “only solution” to rising economic challenges.

Instead, the legislator suggested adding a “small proportion of Bitcoin” into the diversified assets as tools for sovereign asset allocation and risk hedging, and backup capacity of Taiwan’s financial system.

Related: Trump tricked into pushing XRP for crypto reserve: Report

He previously suggested that Taiwan could allocate a maximum of 5% of its $50 billion reserve to Bitcoin in an X post on May 6.

Taiwan lawmaker calls for Bitcoin reserve at national conference
Source: Ko Ju-Chun

“When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said, adding:

“As former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others’ hands.”

The news comes as Taiwan is emerging as a crypto-friendly jurisdiction, with the Financial Supervisory Commission pushing institutional trials of crypto custody services in late 2024.

Mainland China continues to maintain its hostile stance on cryptocurrency after imposing a ban on multiple crypto activities, including mining, in 2021.

Magazine: Adam Back says Bitcoin price cycle ’10x bigger’ but will still decisively break above $100K

Continue Reading

Trending