Foreign News
Bill Gates says he will give away 99 percent of his wealth by 2045
Tech billionaire Bill Gates has said that he will give away 99 percent of his wealth in the next two decades, funding his philanthropy the Gates Foundation long enough for it to close in 2045.
In a statement published on Thursday, Gates also firmly criticised the way his fellow centibillionaire – Elon Musk, an adviser to US President Donald Trump – is pushing to slash United States funds for essential things like food and medical assistance in poor countries.
“The picture of the world’s richest man killing the world’s poorest children is not a pretty one,” Gates told the Financial Times, referring to Musk’s work with the Trump administration to dismantle the US Agency for International Development (USAID).
Gates, who has a current estimated net worth of about $108bn, has long been among the most recognisable figures in the field of philanthropy, with an emphasis on medical assistance in poor countries.
He has also become a symbol of the enormous influence that such wealth can have on everything from politics to global health.
Pandemic vaccine criticism
During the COVID-19 pandemic, Gates was a vocal opponent of loosening patent protections around COVID 1 vaccines in order to allow poorer countries to manufacture their own versions and distribute them to their populations more quickly, arguing that doing so would harm innovation and intellectual property rights.
Critics accused him of promoting a vision of vaccine apartheid. They have also questioned whether Gates, through his substantial funding of groups such as the vaccine group Gavi and the World Health Organization, wields disproportionate influence in the field of global health without the same oversight and accountability that a public institution would face.
Over the years, Gates has stated that he is determined to give away most of his enormous fortune. While he is currently worth about $108bn, he expects the foundation to spend a total of around $200bn by 2045, depending on inflation and markets.
“People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” the 69-year-old co-founder of Microsoft said in a post on his website.
“There are too many urgent problems to solve for me to hold onto resources that could be used to help people,” he added.
Gates also lamented that the US has pulled back from involvement in global health and humanitarian assistance around the world, offering a subtle rebuke of the Trump administration.
“It’s unclear whether the world’s richest countries will continue to stand up for its poorest people,” he said.
[Aljazeera]
Foreign News
Myanmar pardons over 4,000 prisoners, including deposed president
Thousands of prisoners in Myanmar have been granted amnesty or had their sentences reduced. The pardon order by Min Aung Hlaing is one of his first official acts since the coup leader became president this month.
The move comes as the lawyer for jailed former leader Aung San Suu Kyi told the Reuters news agency that her sentence has been reduced. Former president Win Myint, detained since the 2021 coup, was also pardoned of his convictions, a statement from the presidency said.
Min Aung Hlaing approved an amnesty for 4,335 prisoners, Myanmar’s state television MRTV reported.
A communique on behalf of Min Aung Hlaing said “those serving death sentences shall have their sentences commuted to life imprisonment”, without naming specific prisoners.
“The President has pardoned Win Myint,” said another statement from Min Aung Hlaing’s office. Win Myint was “granted a pardon and the reduction of his remaining sentences under specified conditions”, MRTV said.
Suu Kyi, 80, is serving a 27-year sentence on charges her allies describe as politically motivated. Her sentence was cut by one-sixth, her lawyer told Reuters, but it remains unclear whether the Nobel Peace Prize winner will be allowed to serve the rest of her sentence under house arrest. Min Aung Hlaing placed Suu Kyi under arrest after the coup.
Amnesties typically happen as Myanmar marks Independence Day in January and its New Year in April.
Among those to be released are 179 foreign nationals, who will be deported. The amnesty also includes the commutation of all death sentences to life imprisonment, life sentences reduced to 40 years, and a one-sixth reduction in term lengths for all other prisoners.
[Aljazeera]
Foreign News
Naples bank robbers hold 25 people hostage then vanish through tunnel
Several armed men robbed a bank in broad daylight in Naples, holding 25 people hostage before making their escape via a tunnel.
Police surrounded a branch of Crédit Agricole in the southern Italian city shortly after the robbery began around midday local time (10:00 GMT).
Local outlets reported that they negotiated with the robbers before the hostages could be released, about two hours into the robbery.
Firemen could be seen smashing in a window with battering rams and helping people climb out from inside in videos shared on social media.
Some hostages simply shook off the shards of glass and walked on.
But others looked visibly shaken, crying and hugging their relatives. Six people, who were in a state of shock, were offered medical assistance.
One man later told local news site Fanpage.it that the robbers had locked them into a room and that, while they were armed, “they did not use violence”.
Nobody was seriously injured. “Thanks to the swift response… all the hostages were freed shortly after 13:30 without serious injuries,” regional official Michele di Bari said in a statement.
A large crowd of bystanders, local residents and firefighters gathered in the square waiting for developments, while ten of thousands of people tuned into a livestream from the scene of the crime.
Members of the special forces of the carabinieri armed police were urgently flown in from Tuscany.
It was not until several hours later that they stormed the bank by breaking a window.
Several shots and the loud noises of stun grenades could be heard on the live feed shortly after.
But by then, the robbers had reportedly escaped through a tunnel, local media reported. It was thought they could have vanished into the sewer system.
The video feed later showed a number of carabinieri and firefighters peering into a manhole nearby as a crowd continued to mill about the square.
Fanpage.it reported that it was not yet possibly to quantify the value of the loot taken because the robbers had seized personal safety deposit boxes rather than cash.
(BBC)
Foreign News
Iran says $270bn war loss must be compensated, as fresh talks with US loom
Iran has demanded that it receive compensation for the destruction caused by the United States and Israel’s attacks, as the country remains defiant and regional powers continue their attempts to mediate an end to the conflict.
Tehran’s envoy to the United Nations said on Tuesday that five regional countries must pay compensation, based on his accusation that their territories were used for launching attacks on Iran.
Iran has also raised the idea of compensation for damages to come through a Strait of Hormuz protocol, which would include a tax on ships passing through the waterway.
An early estimate indicates that Iran has suffered about $270bn in direct and indirect damages since the start of the US-Israel war on February 28, Iranian government spokeswoman Fatemeh Mohajerani said during an interview with Russia’s RIA Novosti news agency, published on Tuesday.
She did not provide further information, such as a breakdown of the damages, but said the issue of compensation was discussed in last week’s negotiations between Tehran and Washington in Pakistan, and will be raised in any potential future talks with the US and mediators.
The government has said it is still assessing the extensive damage dealt to Iran’s critical infrastructure, after oil and gas facilities, petrochemical companies, steel plants, and aluminium factories were repeatedly targeted, in addition to military complexes. These will take years to fully rebuild.
Bridges, ports and railway networks, universities and research centres, and several power plants and water desalination plants were also directly hit, while a large number of hospitals, schools and civilian homes were damaged or destroyed.
(Aljazeera)
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