Categories
World News

Marketing campaign launched to get Peter Thiel’s agency out of NHS

Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019.

Kiyoshi Ota | Bloomberg | Getty Images

LONDON — A campaign is being launched to try to stop U.S. tech giant Palantir from working with the U.K.’s National Health Service.

The “No Palantir in Our NHS” campaign — launched at an event on Thursday — comes after Palantir partnered with the NHS on a Covid-19 “Data Store.” The project was designed to help the government and health service use data to monitor the spread of the virus.

Foxglove, which describes itself as a tech-justice nonprofit, is leading the campaign, while over 50 other organizations working on civil liberties, anti-racism, migrant justice and public health have also backed it.

“We got dozens of organizations to realize and agree that this company has no place in the NHS in the long term,” Cori Crider, the lawyer who co-founded Foxglove, told CNBC on Wednesday.

Palantir, which has been criticized by privacy campaigners and human rights groups on multiple occasions, declined to comment when contacted by CNBC. A spokesperson for the NHS did not respond.

What is Palantir?

Founded in 2003 by tech entrepreneurs including billionaire Peter Thiel — a Facebook board member who reportedly donated $1.25 million to Donald Trump’s presidential campaign — Palantir sells software that’s designed to help public and private organizations analyze huge quantities of data and pull out meaningful patterns and connections.

Since its inception, the $45 billion publicly listed company has supported spy agencies, border forces and militaries, with the finer details of contracts often kept a closely guarded secret.

In April 2018, Bloomberg published an article headlined: “Palantir Knows Everything About You.”

Named after the fictional “seeing stones” in “Lord of the Rings,” Palantir has been linked to everything from efforts to track down undocumented immigrants in the United States to the development of unmanned drones for bombings and intelligence.

“Their background has generally been in contracts where people are harmed, not healed,” Crider said.

Clive Lewis, a Labour Party member of Parliament and one of the campaign’s backers, accused Palantir of having an “appalling track record.”

“It’s built its business supporting drone and missile strikes, immigration raids and arrests, not the delivery and care of medicine,” Lewis told CNBC. “It’s got a questionable agenda, and I think that will have a negative impact on patient trust, particularly among minoritized communities who may feel a threat from big government.”

Palantir — which has been trying to grow its European business in recent years — has a significant presence in London’s Soho neighborhood, with hundreds of employees across multiple offices in the area.

Covid-19 Data Store

The Covid-19 Data Store project, which involves Palantir’s Foundry data management platform, began in March 2020 alongside other tech giants as the government tried to slow the spread of the virus across the U.K. It was sold as a short-term effort to predict how best to deploy resources to deal with the pandemic.

The contract was quietly extended in December when the NHS and Palantir signed a £23 million ($34 million) two-year deal that allows the company to continue its work until December 2022.

The NHS was sued by political website openDemocracy in February over the contract extension. “December’s new, two-year contract reaches far beyond Covid: to Brexit, general business planning and much more,” the group said.

The NHS Covid-19 Data Store contract allows Palantir to help manage the data lake, which contains everybody’s health data for pandemic purposes.

“The reality is, sad to say, all this whiz-bang data integration didn’t stop the United Kingdom having one of the worst death tolls in the western world,” said Crider. “This kind of techno solution-ism is not necessarily the best way of making an NHS sustainable for the long haul.”

Patient data is “pseudonymized” before it is processed by Palantir’s software as part of an effort to protect patient privacy. The data management technique involves switching the original data set, with an alias or pseudonym. However, it is a reversible process that allows for re-identification in the future if necessary and some have questioned whether it’s enough. Palantir may argue that it isn’t interested in the patient data itself and that it only provides the platform that allows the NHS to analyze the data.

While Palantir is processing the patient data, the NHS remains the data owner, limiting what Palantir can do with it.

Pivot to health

There have been some signs that government appetite for limitless spend on security has started to wane and Palantir may have lost a couple of deals as a result, Crider said, pointing to a report in The Guardian that highlights some of the difficulties the EU’s law agency had with Palantir’s software.

Crider believes the firm has been trying to find new sources of government contracts beyond security as a result. “They hit on a new possibility, which was health data,” she said.

The company was reportedly lobbying officials from the U.K. Department of Trade as well as health executives back in 2019. But it struggled to secure any contracts.

When the pandemic hit, however, the laws changed so that data sharing was done in a mandatory way and for the first time in U.K. history everyone’s data was pooled into a huge lake. Procurement rules were also reportedly changed. “Palantir pounced and they managed to get in,” Crider said, adding that there was no bid or competitive tender.

Palantir’s interest in health was highlighted again on Thursday when it emerged in a Financial Times report that the company has taken a strategic stake in British health firm Babylon as part of a $4.2 billion blank-check deal to take the start-up public in the U.S.

Babylon CEO Ali Parsa told the newspaper that “nobody” has brought some of the tech that Palantir owns “into the realm of biology and healthcare.” Parsa, whose app offers a variety of health care services to 24 million patients, added: “Their knowledge of healthcare can overhaul what we could do [together]. We wanted to take … the day to day biometrics of the human body and be able to construct a more pre-emptive image, by building a digital twin of each of us.”

A boy runs past a mural supporting the NHS, by artist Rachel List, on the gates of the Hope & Anchor pub in Pontefract, Yorkshire, as the UK continues in lockdown to help curb the spread of the coronavirus.

Danny Lawson | Getty Images

Crider believes the U.K. is at an inflexion point when it comes to health data.

From July 1, the NHS is planning to pool the full medical histories of 55 million patients in England into a single database that will be available to academic and third parties for research and planning purposes. Patients have until June 23 to opt out. Campaigners said Friday the “data grab” violates patient trust and they’re threatening to take legal action.

“The British public need to realize that we are now coming into a period where the future of the NHS health data, and the health data settlement of this country, is now kind of up for grabs and up for debate,” Crider said. “Companies have seen it for a while. Palantir don’t want to monetize the data they want to monetize the infrastructure, but there are other companies who absolutely do want to monetize access to the data.”

Categories
World News

Your Friday Briefing – The New York Instances

While the Italian government has said that people have a right to get vaccinated no matter their legal status, many undocumented migrants and homeless people have been unable to secure shots, putting both them and others at risk.

To book vaccination appointments, people must enter their social security numbers. But only three of Italy’s 20 regions accept the temporary numbers given to hundreds of thousands of migrants.

More than 125,000 people have died in Italy from the virus. The country’s vaccine rollout started at a sluggish pace, with strategic hiccups and a shortage of doses.

Quotable: “My heart is so weak that if I get Covid it will take me away for sure,” said one homeless immigrant, 63. “I am scared.”

The International Maritime Organization, a little-known U.N. agency that is responsible for reducing carbon emissions in the shipping industry, is doing the opposite. The organization has repeatedly delayed and watered down climate regulations.

Just last week, delegates met in secret to debate what should constitute a passing grade under a new rating system. Under pressure from China, Brazil and others, they set the bar so low that emissions can continue to rise at roughly the same pace as if there had been no regulations at all.

Close ties: Representatives of shipbuilders, oil companies, mining companies, chemical manufacturers and others with huge financial stakes in commercial shipping are among the I.M.O.’s delegates.

Discontent within Facebook has surged in recent weeks over the company’s handling of international affairs, culminating in tense meetings and an open letter, signed by more than 200 employees, calling for an audit of the company’s treatment of Arab and Muslim posts.

Employees have complained about the company’s decisions to take down posts from prominent Palestinian activists when clashes broke out in Israel, as well as messages critical of the Indian government’s handling of the coronavirus pandemic.

Facebook is in a tight spot. Governments across the world are pressuring it to remove content as they try to corral the platform’s power over online speech. But when Facebook complies, it upsets its employees, who say the social network has helped authoritarian leaders and repressive regimes quash activists and silence marginalized communities.

Analysis: “There’s a feeling among people at Facebook that this is a systematic approach, one which favors strong government leaders over the principles of doing what is right and correct,” said Facebook’s former head of policy for the Middle East and North Africa region, who left in 2017.

For years, Benjamin Netanyahu outfoxed his rivals. Here’s what changed this week.

The chef and restaurateur Alice Waters, whose new book is “We Are What We Eat,” spoke to our Book Review.

What book, if any, most influenced your approach to food?

I got Elizabeth David’s “French Country Cooking” in my early 20s, shortly after I came back from studying in France in 1965. When I returned home to Berkeley, all I wanted to do was live like the French. Food is culture, and she revealed that. She also influenced me aesthetically — I loved the gracefulness and simplicity of her recipes and her cooking.

The last book you read that made you cry?

“The Water Dancer.” It’s heartbreaking.

The last book you read that made you furious?

Marion Nestle’s “Unsavory Truth: How Food Companies Skew the Science of What We Eat.” That made me absolutely furious. The title of the book says it all. And I’m so grateful to Marion for telling the truth. We need her book more than ever right now.

And the last book you read that made you laugh?

Maira Kalman always makes me laugh. Her children’s books are incredible, like “Ooh-La-La (Max in Love).” The illustrations are unlike any others, and her own incredible imagination just comes out in them.

Categories
World News

Dow ends day flat as financial comeback performs offset losses in tech

Trader on the New York Stock Exchange, June 2, 2021.

Source: NYSE

Cyclical stocks lifted the Dow Jones Industrial Average from its lows on Thursday and closed the session near the downside, while better-than-expected job data supported sentiment.

The blue-chip Dow closed just 23.34 points, or less than 0.1%, at 34,577.04 after losing 265 points from its session low. The S&P 500 lost 0.4% to 4,192.85 and the tech-heavy Nasdaq Composite fell 1% to 13,614.51.

The S&P 500 benchmark is about 1% off its all-time high hit early last month, but it has remained at that level for about two weeks. The S&P 500 is up more than 11% so far this year.

Merck and Dow Inc. were the top two performers in the 30-stock benchmark, both up more than 2%. Consumer staples and utilities were the biggest winners among the 11 S&P 500 sectors, while consumer discretionary and technology weighed on the broader market, falling 1.2% and 0.9% respectively.

General Motors shares rose nearly 6.4% after the company announced it would hit its results for the first half of 2021 “significantly better” than its previous projections.

On the data front, private employment growth accelerated the fastest in nearly a year in May, as companies hired nearly a million workers, according to a report by payroll firm ADP on Thursday.

The total new hire was 978,000 for the month, a huge jump from 654,000 in April and the largest increase since June 2020. Economists polled by Dow Jones had searched for 680,000.

Meanwhile, initial jobless claims for the week ending May 29 were 385,000, up from a Dow Jones estimate of 393,000. It was also the first time jobless claims fell below 400,000 since the early days of the pandemic.

“With ADP kicking it out of the park and jobless claims breaking the 400,000 mark – a pandemic low – all eyes will be on the bigger picture of jobs tomorrow,” said Mike Loewengart, a managing director at E-Trade. “With all systems seemingly working on the job front, the economy is showing some very real signs that this is not just a comeback – a mode of expansion could be on the horizon.”

According to economists polled by Dow Jones, the market could be on hold ahead of the job report released on Friday, which is expected to show an additional 671,000 non-agricultural payrolls in May. The economy created 266,000 jobs in April.

Investors continued to watch the wild action in meme stocks, particularly theater chain AMC Entertainment. The stock plunged up to 30% after practically doubling in the previous session, but the stock reduced its losses after the cinema chain said it closed a stock offering a few hours ago that raised $ 587 million. The stock ended the day around 18% lower.

Other meme stocks also came under pressure on Thursday. Bed Bath & Beyond fell more than 27%. The SoFi Social 50 ETF (SFYF), which tracks the 50 most widely used US publicly traded stocks on SoFi’s retail brokerage platform, slumped more than 6%.

In memory of what happened earlier this year, the joint rally of retailers on Reddit sparked a short squeeze on AMC earlier this week. S3 Partners said short sellers betting against the stock lost $ 2.8 billion on Wednesday as stocks rose. So their losses since the beginning of the year amount to more than 5 billion US dollars, according to S3. If it continues to recover, short sellers are forced to buy back the stock to reduce their losses.

GameStop’s meme stock bubble earlier this year weighed a little on the market as investors feared there was too much speculative activity in the stock market. As losses in hedge funds, which bet against the stock increased, worries mounted about a decline in risk appetite on Wall Street that could hit the broader market. AMC’s recent surge so far didn’t seem to raise any similar concerns.

Categories
World News

Deliberate Israel Coalition Brings Palestinians Aid however No Rejoicing

The agreement on a coalition that would oust Prime Minister Benjamin Netanyahu and include an Arab party in government has prompted indignation and relief in roughly equal measure among Palestinian citizens of Israel.

Indignation because Naftali Bennett, who will become prime minister until 2023 if Parliament approves the proposed eight-party coalition, is a right-wing leader aligned with religious nationalists in strong opposition to a Palestinian state.

Relief because Mr. Netanyahu, while sometimes courting Israeli Arabs of late, has often used their presence to generate fear among his base, famously warning in 2015 that they were voting “in droves.” He has fanned division where possible and declared that Israel is “the nation-state, not of all its citizens, but only of the Jewish people.”

These provocations, and the passing of a nation-state bill in 2018 that said the right to exercise self-determination was “unique to the Jewish people,” contributed to the anger evident in violent confrontations in several cities last month between Arabs and Jews.

That a small Arab party known by its Hebrew acronym, Raam, agreed to join the government so soon after the clashes reflected a growing realization that marginalization of Arab parties brings only paralysis. It also suggested a desire among some Palestinians citizens, who account for 20 percent of the Israeli population, to exert more political influence.

Raam, with four seats in the current Parliament, would be the first independent Arab party in an Israeli government, although it would not have any cabinet members.

“I do not think that the two-state solution or reconciliation with the Palestinians will be achieved in the coming year or two,” said Jafar Farah, the director of the Mossawa Center, an advocacy group for Arab citizens of Israel. “But I do think that it is an opportunity for the Palestinian community in Israel to become a game changer.”

Others were more sceptical. “I have debated Bennett, and he says quite openly, ‘You are not my equal,’” said Diana Buttu, a prominent Palestinian lawyer based in Haifa. “Did I want Netanyahu out? Yes. To the extent of wanting Bennett as prime minister? No.”

Alluding to Mansour Abbas, the leader of the small Arab party that signed an agreement to join the government, she added: “He has done this to make his mark, but he will not get anything. He is effectively backing a government led by an ultranationalist who wants to expand settlements.”

How Mr. Bennett would exercise power in a coalition with many members well to the left of him, including the chief architect of the agreement, Yair Lapid, remains unclear. But Mr. Netanyahu’s hold on Israeli society and the Israeli imagination has been such over the past dozen years that his eventual departure inevitably seems synonymous with new possibility.

Commenting in the newspaper Yedioth, Merav Batito wrote: “Abbas’ signature is much more than a formal token of agreement. It symbolizes the possibility of a return to normalcy of Israeli society.” She added, “The first concrete wall built between Arabs and Jews by the Parliament deep in Israeli society has been breached.”

Categories
World News

Commerce secretary on commerce, restoration from Covid

Hong Kong’s economy has rebounded sharply after being hit by the Covid-19 pandemic — but it’s not out of the woods yet and some sectors are still reeling, said the city’s top trade official.

“The distribution of this rebound is rather uneven,” Edward Yau, Hong Kong’s secretary for commerce and economic development, told CNBC’s “Squawk Box Asia” on Thursday.

Yau explained that imports and exports have been a “very strong catalyst” of growth in the last few months, with overall trade hitting record levels in some months. However, retail sales are moderating and tourism is still struggling to recover, he said.

Such uneven economic performance is also reflected in the jobs market, and will likely remain so as Hong Kong faces the “twin battle” of containing the spread of Covid and reviving the economy, added Yau.

The Hong Kong economy grew 7.9% in the first quarter of 2021 compared to a year ago. It was the city’s first economic expansion after six consecutive quarters of year-on-year contraction.

A man wearing a protective face mask stands on Kowloon’s Tsim Sha Tsui waterfront that faces Victoria Harbour in Hong Kong.

Anthony Wallace | AFP | Getty Images

Before the pandemic, Hong Kong — a Chinese-ruled semi-autonomous region — was rocked by widespread pro-democracy protests that turned violent at times. The unrest sent the economy into a recession in 2019 for the first time in a decade, driven by a steep decline in retail sales and tourist arrivals.

The Covid outbreak dealt another blow to the economy.

While retail sales have recovered since February this year, the pace of growth has slowed down. Meanwhile, visitor arrivals into Hong Kong have remained weak.

Yau said it’s encouraging that the number of daily Covid cases has fallen and stayed low in Hong Kong over the past month. That would allow more segments of the economy to recover, but fresh waves of infections could still occur, he added.

“The lesson we learned is try to shorten the time to suppress the outbreak,” said Yau, adding that the ability to do so will help instill confidence among individuals and businesses.

Categories
World News

Netanyahu’s Problem: Israel Dwell Updates

Here’s what you need to know:

Credit…Ronen Zvulun/Reuters

JERUSALEM — Israeli opposition parties on Wednesday reached a coalition agreement to form a government and oust Benjamin Netanyahu, the longest-serving prime minister in Israeli history and a dominant figure who has pushed his nation’s politics to the right.

The announcement by the parties could lead to the easing of a political impasse that has produced four elections in two years and left Israel without a stable government or a state budget. If Parliament ratifies the fragile agreement in a confidence vote in the coming days, it will also bring down the curtain, if only for an intermission, on the premiership of a leader who has defined contemporary Israel more than any other.

The new coalition is an unusual and awkward alliance between eight political parties from a diverse array of ideologies, from the left to the far right. It includes the membership of a small Arab party called Raam, which would become the first Arab group to join a right-leaning coalition in Israeli history.

While some analysts have hailed the coalition as reflecting the breadth and complexity of contemporary society, others say its members are too incompatible for their compact to last, and consider it the embodiment of Israel’s political dysfunction.

The alliance would be led until 2023 by Naftali Bennett, a religiously observant former settler leader who opposes a Palestinian state and wants Israel to annex the majority of the occupied West Bank. He is a former ally of Mr. Netanyahu often described as more right-wing than the prime minister.

If the government lasts a whole term, it would then be led between 2023 and 2025 by Yair Lapid, a centrist former television host considered a standard-bearer for secular Israelis.

The son of American immigrants, Mr. Bennett, 49, is a former software entrepreneur, army commando, chief of staff to Mr. Netanyahu and defense minister. His home is in central Israel, but he was once chief executive of an umbrella group, the Yesha Council, that represents Jewish settlements in the occupied West Bank. Until the most recent election cycle, Mr. Bennett was part of a political alliance with Bezalel Smotrich, a far-right leader.

Though Mr. Bennett’s party, Yamina, won just seven of the 120 seats in Parliament, the anti-Netanyahu forces could not form a government without his support, allowing him to set the terms of his involvement in the coalition.

Mr. Lapid, 57, is a former news anchor and journalist who became a politician nine years ago and later served as finance minister in a Netanyahu-led coalition. His party placed second in the general election in March, winning 17 seats. But Mr. Lapid considered the ouster of Mr. Netanyahu more important than demanding to go first as prime minister.

Credit…United Arab List Raam, via Agence France-Presse — Getty Images

Yair Lapid, the leader of the Israeli opposition, had until midnight on Wednesday to cobble together an unlikely coalition to topple Benjamin Netanyahu. He needed almost every minute — leaving it until 11:22 p.m. to inform Reuven Rivlin, Israel’s largely ceremonial president, that he had assembled an eight-party alliance.

“The government will do everything it can to unite every part of Israeli society,” Mr. Lapid said in a statement released shortly after his call with Mr. Rivlin.

Mr. Lapid’s celebrations will be put on hold for several days, however. The Speaker of the Israeli Parliament, Yariv Levin, is a member of Mr. Netanyahu’s party, Likud, and can use parliamentary procedure to delay the confidence vote until Monday, June 14, constitutional experts said.

In the meantime, Mr. Netanyahu’s party has promised to pile pressure on wavering members of Mr. Lapid’s fragile coalition, formed of hard-right parties, leftists, centrists and Arab Islamists, in a bid to persuade them to abandon the coalition. Many of them already feel uncomfortable about working with each other, and have made difficult compromises to join forces in order to push Mr. Netanyahu from office.

Mr. Lapid himself agreed to give Naftali Bennett, a hard-right former settler leader who opposes Palestinian statehood, the chance to lead the government until 2023, at which point Mr. Lapid will take over.

In a sign of the friction to come, Raam, the Arab Islamist party, announced that it had joined the coalition after receiving assurances about improvements to the Arab minority’s land and housing rights that many hard-right Israelis deem unacceptable, including the regularization of three illegally constructed Arab towns in the Negev desert.

An hour before the deal was announced, one hard-right lawmaker, Nir Orbach, whose party colleagues say he has been particularly unsure about joining the coalition, tweeted: “We are not abandoning the Negev. Period.”

The fact that these tensions were on full display even before the coalition was officially formed has left many Israelis wondering whether it will last more than a few months, let alone its full term.

Should the coalition collapse, analysts believe Mr. Lapid may emerge with more credit than Mr. Bennett. While Mr. Bennett gets first crack at the premiership, his decision to work with centrists and leftists has angered his already small following.

“Lapid has made a very strong set of decisions, conveyed an amazing level of maturity and really made a big statement about a different kind of leadership,” said Dahlia Scheindlin, an Israeli political analyst and pollster at the Century Foundation, a New York-based research group. “That will not be lost on the Israeli public.”

Credit…Gil Cohen-Magen/Agence France-Presse — Getty Images

Now that opposition parties have reached agreement on a coalition government, it has up to seven days to present the government to Parliament for a vote of confidence.

Some disagreements within the fractious coalition were still being ironed out until shortly before the deadline on Wednesday, at midnight in Israel.

And with the fate of the new coalition dependent on a narrow margin and hanging on every single vote, Prime Minister Benjamin Netanyahu and his allies were on the hunt for potential defectors leading up to the announcement, and signaled that they would continue until the vote of confidence.

The coalition, ranging from right to left, is united primarily by its opposition to Mr. Netanyahu, the prime minister since 2009.

Israel has held four parliamentary elections in two years, all of them inconclusive, leaving it without a stable government or state budget. If the opposition fails to form a government, it could lead to yet another election.

Credit…Sebastian Scheiner/Associated Press

Naftali Bennett, who is poised to become Israel’s next prime minister, is a former high-tech entrepreneur best known for insisting that there must never be a full-fledged Palestinian state and that Israel should annex much of the occupied West Bank.

The independently wealthy son of immigrants from the United States, Mr. Bennett, 49, first entered the Israeli Parliament eight years ago and is relatively unknown and inexperienced on the international stage. That has left much of the world — and many Israelis — wondering what kind of leader he might be.

A former chief of staff to Prime Minister Benjamin Netanyahu, Israel’s longest-serving prime minister, Mr. Bennett is often described as more right-wing than his old boss. Shifting between seemingly contradictory alliances, Mr. Bennett has been called an extremist and an opportunist. Allies say he is merely a pragmatist, less ideological than he appears, and lacking Mr. Netanyahu’s penchant for demonizing opponents.

In a measure of Mr. Bennett’s talents, he has now pulled off a feat that is extraordinary even by the perplexing standards of Israeli politics. He has all but maneuvered himself into the top office even though his party, Yamina, won just seven of the 120 seats in the Parliament.

Mr. Bennett leveraged his modest but pivotal electoral weight after the inconclusive March election, Israel’s fourth in two years. He entered coalition talks as a kingmaker, and appears ready to emerge as the one wearing the crown.

Mr. Bennett has long championed West Bank settlers and once led the council representing them, though he is not a settler, himself. He is religiously observant — he would be the first prime minister to wear a kipa — but he will head a governing coalition that is largely secular.

He would lead a precarious coalition that spans Israel’s fractious political spectrum from left to right, and includes a small Arab, Islamist party — much of which opposes his ideas on settlement and annexation. That coalition proposes to paper over its differences on Israeli-Palestinian relations by focusing on domestic matters.

Mr. Bennett has explained his motives for teaming up with such ideological opposites as an act of last resort to end the political impasse that has paralyzed Israel.

“The political crisis in Israel is unprecedented on a global level,” he said in a televised speech on Sunday. “We could end up with fifth, sixth, even 10th elections, dismantling the walls of the country, brick by brick, until our house falls in on us. Or we can stop the madness and take responsibility.”

Credit…Dan Balilty for The New York Times

One of the most unlikely kingmakers involved in the formation of a new government is Mansour Abbas, the leader of the small Arab party known by its Hebrew acronym, Raam, with four seats in the current Parliament.

Under an 11th-hour deal, Raam formally agreed to join a Lapid-Bennett coalition government, though it would not hold any Cabinet seats. That was something of a surprise, as the party was expected to remain outside the coalition, while supporting it in a confidence vote in the Parliament. Some Arab lawmakers played a similar role by supporting Yitzhak Rabin’s government from the outside in the 1990s.

For decades, Arab parties have not been directly involved in Israeli governments. They have been mostly shunned by other parties, and are leery of joining a government that oversees occupation of the Palestinian territories and Israel’s military actions.

But after decades of political marginalization, many Palestinian citizens, who make up a fifth of Israel’s population, have been seeking fuller integration.

Israel’s early, leftist governments included Arab parties that were closely affiliated with the mostly Jewish parties. Raam would be the first independent Arab party in government, and the first Arab party of any kind in a right-leaning government.

Raam has been willing to work with both the pro- and anti-Netanyahu camps since the March election and to use its leverage to wrest concessions for the Arab public. The party has refused to commit to a deal unless it gets assurances for greater resources and rights for Israel’s Arab minority, including reforms to housing legislation that potential hard-right coalition partners do not accept.

Credit…Corinna Kern/Reuters

Sitting in her office in Parliament on Wednesday afternoon, Idit Silman, a hard-right lawmaker, flicked through hundreds of recent text messages from unknown numbers.

Some were laced with abusive language. Some warned she was going to hell. All of them demanded that her party abandon coalition negotiations with an alliance of centrist, leftist and right-wing lawmakers seeking to replace Prime Minister Benjamin Netanyahu for the first time in 12 years.

“It’s very hard,” Ms. Silman said. “People would rather put pressure on Idit Silman than see Benjamin Netanyahu leave Balfour Street,” she added, in a reference to the location of the prime minister’s official residence.

As opposition negotiators race to meet a midnight deadline to agree on a new government, supporters of Mr. Netanyahu and his Likud party were working overtime to pressure Ms. Silman and other members of the right-wing Yamina party.

Many right-wing Israelis see Yamina’s turn against Mr. Netanyahu as a betrayal.

This onslaught gave Ms. Silman and her colleagues pause for thought — and an incentive to be seen as prolonging the negotiations for as long as possible. Though Yamina did finally join the coalition on Wednesday night, Mr. Netanyahu’s party, Likud, is likely to continue to play on these fears.

Parliament might not hold a vote of confidence in a new government for another 10 days, giving Mr. Netanyahu more time to persuade Yamina lawmakers to reverse course.

His party has already promised to keep goading Ms. Silman and her colleagues.

“Behind the scenes,” said a senior Likud official, speaking on the condition of anonymity, “the Likud party is ramping up the pressure, particularly on the weakest links.”

The pressure has been relentless for days, since the phone numbers of Ms. Silman and her colleagues, they say, were posted on several WhatsApp and Facebook groups. That has prompted a barrage of messages — and not just from Israelis. Evangelical pastors in the United States have weighed in, and so have Hasidic activists in Britain, among many others.

The Likud party denies accusations that it posted any numbers publicly.

When Ms. Silman turned up at her local synagogue last week, she found several slick posters outside, each with her portrait overlaid with the slogan: “Idit Silman stitched together a government with terror supporters.”

For days, protesters have picketed her home, shouted abuse at her children, and trailed her by car in a menacing fashion, she said.

Yamina’s leader, Naftali Bennett, decided to negotiate with the opposition on Sunday night, after months of wavering. His calculus was based on realism, analysts say: Mr. Netanyahu cannot form a coalition, even with Mr. Bennett’s support. So Mr. Bennett can either fall in with the opposition, who have offered him the chance to be prime minister — or force the country to a fifth election in little more than two years.

“We always ask ourselves this question,” Ms. Silman said on Wednesday afternoon. “Is it right? Can we do something else?”

Credit…Pool photo by Yonatan Sindel

Naftali Bennett, who leads a small right-wing party, and Yair Lapid, the centrist leader of the Israeli opposition, have joined forces to try to form a diverse coalition to unseat Benjamin Netanyahu, Israel’s longest-serving prime minister.

Spanning Israel’s fractious political spectrum from left to right, and relying on the support of a small Arab, Islamist party, the proposed coalition, dubbed the “change government” by supporters, could signal a profound shift for Israel. Its leaders have pledged to end the cycle of divisive politics and inconclusive elections.

The opposition parties announced a coalition agreement on Wednesday. But even if they survive a vote of confidence in the Parliament and form a government, toppling Mr. Netanyahu, how much change would their “change government” bring, when some of the parties agree on little else besides antipathy for Israel’s longest-serving leader?

Mr. Bennett, whose party won seven seats in Parliament, is often described as further to the right than Mr. Netanyahu. While Mr. Netanyahu eroded the idea of a two-state solution to the Israeli-Palestinian conflict, Mr. Bennett, a religiously observant champion of Jewish settlement in the occupied West Bank, openly rejects the concept of a sovereign Palestinian state and has advocated annexing West Bank territory.

Still, though the coalition will include several parties that disagree on both those issues, they have agreed to allow Mr. Bennett to become prime minister first.

If the coalition deal holds, Mr. Bennett would be replaced for the second part of the four-year term by Mr. Lapid, who advocates for secular, middle-class Israelis and whose party won 17 seats.

By conceding the first turn in the rotation, Mr. Lapid, who has been branded as a dangerous leftist by his opponents on the right, smoothed the way for other right-wing politicians to join the new anti-Netanyahu alliance.

In a measure of the plot twists and tumult behind this political turnaround, Mr. Bennett had pledged before the election not to enable a Lapid government of any kind or any government reliant on the Islamist party, called Raam.

The coalition would stand or fall on the cooperation between eight parties with disparate ideologies and, on many issues, clashing agendas.

In a televised address on Sunday night, Mr. Bennett said he was committed to fostering national unity.

“Two thousand years ago, there was a Jewish state which fell here because of internal quarrels,” he said. “This will not happen again. Not on my watch.”

Credit…Pool photo by Ronen Zvulun

Even as the country and its Parliament remained deeply divided over the formation of a new government, Israeli lawmakers came together on Wednesday to elect a new president, Isaac Herzog, a former leader of the Labor party and government minister.

Displaying a rare degree of consensus in a secret ballot, they voted overwhelmingly for Mr. Herzog, who currently serves as the chairman of the quasi-governmental Jewish Agency for Israel, which helps deal with immigration, interacts with the Jewish diaspora and runs social programs.

The president plays a mostly symbolic role as a national unifier in Israel’s fractious parliamentary democracy, where the prime minister wields the most power.

One of a president’s main responsibilities is to grant a candidate the task of forming a government after elections. In Israel’s current, fragmented politics, which have produced four inconclusive elections in two years, that involves more than the usual level of skill, legal interpretation and discretion.

The president can also play an important role in Israeli diplomacy and has the power to pardon convicted criminals and exercise clemency by reducing or commuting sentences.

Mr. Herzog, 60, the grandson of the first chief rabbi of Israel and the son of one of the country’s earlier presidents, Chaim Herzog, will take over from the current president, Reuven Rivlin, in July.

“Our challenges are many and should not be taken lightly,” Mr. Herzog said in his acceptance speech. “I intend to be the president of all Israelis, to lend an attentive ear to every position and respect every person.”

Credit…Mohammed Saber/EPA, via Shutterstock

Less than a month ago, an eruption of intense fighting between Israel and Hamas militants in the Gaza Strip plunged Israeli and Palestinian communities into chaos. As the civilian casualties grew, overwhelmingly on the Gaza side, the conflict polarized Israeli society, and the world, in ways seldom seen before.

At least 230 people were killed in Gaza during the war, including at least 65 children, while in Israel at least 12 were killed, including two children. Gaza’s infrastructure, already ailing, was gutted by Israeli airstrikes on the densely populated territory. And Israeli towns and cities within range of Hamas rockets went into repeated, frightening lockdowns in shelters.

The war also spurred unrest within Israel and the occupied territories that has been more explosive than any in years. It has inspired a new era of Palestinian activism, and has shifted the ground politically, coloring the drama that was playing out in Israel on Wednesday.

Here is what to know about the 11-day war, and its lasting effects.

JERUSALEM — For Israelis, the possible downfall of Prime Minister Benjamin Netanyahu, the country’s longest-serving leader, is an epochal moment. Israeli media have barraged their audiences with reports and commentary on the opposition attempts to form a government.

But for many Palestinians, the political drama has prompted little more than a shrug and a resurgence of bitter memories.

During Mr. Netanyahu’s current 12-year tenure, the Israeli-Palestinian peace process fizzled, as Israeli and Palestinian leaders accused each other of obstructing the process, and Mr. Netanyahu expressed increasing skepticism about the possibility of a sovereign Palestinian state.

But to many Palestinians, his likely replacement as prime minister, Naftali Bennett, would be no improvement. Mr. Bennett is Mr. Netanyahu’s former chief of staff, and a former settler leader who outright rejects Palestinian statehood.

Instead, many Palestinians are consumed by their own political moment, which some activists have framed as the most pivotal in decades.

The Palestinian polity has long been physically and politically fragmented between the American-backed Palestinian Authority in the occupied West Bank; its archrival, Hamas, the Islamic militant group that rules Gaza; a Palestinian minority inside Israel whose votes might make or break an Israeli government; and a sprawling diaspora.

But spurred by last month’s 11-day war between Israel and Hamas in Gaza, and the worst bout of intercommunal Arab-Jewish violence to have convulsed Israel in decades, these disparate parts suddenly came together in a seemingly leaderless eruption of shared identity and purpose.

In a rare display of unity, hundreds of thousands of Palestinians observed a general strike on May 12 across Gaza, the West Bank, the refugee camps of Lebanon and inside Israel itself.

“I don’t think whoever is in charge in Israel will make a great deal of difference to the Palestinians,” said Ahmad Aweidah, the former head of the Palestinian stock exchange. “There might be slight differences and nuances, but all mainstream Israeli parties, with slight exceptions on the extreme left, share pretty much the same ideology.”

The strike in mid-May, Mr. Aweidah said, “showed that we are united no matter what the Israelis have tried to do for 73 years: categorizing us into Israeli Arabs, West Bankers, Jerusalemites, Gazans, refugees and diaspora.”

“None of that has worked,” he said. “We are back to square one.”

Categories
World News

Software program start-up Celonis valued at $11 billion in new funding spherical

Celonis co-founders Bastian Nominacher, Alexander Rinke and Martin Klenk.

Celonis

LONDON — Enterprise software firm Celonis on Wednesday said it had raised $1 billion in a new round of funding, valuing the company at an eye-watering $11 billion.

The new investment was co-led by Durable Capital Partners and T. Rowe Price Associates, with Franklin Templeton and Splunk Ventures also participating. Celonis is now worth more than four times the $2.5 billion it was last privately valued at in a 2019 cash injection.

Founded in 2011 by three friends in Munich, Germany, Celonis began life as a college project for consulting businesses on improving their IT processes.

Celonis pioneered a technology called “process mining,” which analyzes data from a company’s event logs to identify problems with certain processes and figure out ways to streamline them.

Last year, the company launched a new platform called “execution management,” which gives clients access to a dashboard showing real-time data on processes and the ability to automate certain tasks.

“As companies grow, inefficiency creeps in and business execution becomes a struggle,” Alex Rinke, co-CEO and co-founder of Celonis, said in a statement. “Employees feel it, customers feel it, and it leads to significant financial losses and environmental impact.”

“We are thrilled and honored that the rise of execution management is defining a new software stack that helps customers reimagine how they execute,” he added. “It is the biggest shift in software since cloud computing.”

The company says it’s growing by triple digits each year, boasting a clientele featuring the likes of Dell, L’Oreal and Pfizer. The New York and Munich-headquartered firm now has more than 1,300 employees globally.

In addition to announcing a huge funding deal, Celonis said it had appointed Carlos Kirjner, formerly vice president of finance at Google, as its new chief financial officer ahead of an anticipated initial public offering.

It’s the latest sign of how investors are gushing over enterprise software businesses with recurring revenue streams and comes at a time when the coronavirus pandemic has accelerated a digital shift for businesses of all shapes and sizes.

A slew of software companies have gone public in the U.S. over the past year. Romanian-founded firm UiPath went public in a blockbuster debut on the New York Stock Exchange in April, while cloud company Snowflake listed last September.

Categories
World News

Sri Lanka’s Zoo Animals Are Having a Pandemic Child Growth

COLOMBO, Sri Lanka – To prevent the worst of the devastation from Covid, Sri Lanka imposed lockdowns and suspended flights from overseas for almost a year, weakening the economy and drying up a vital tourism industry.

However, it was a fun time for animals in the island nation’s zoos.

Given the absence of visitors, animal births at zoos rose 25 percent last year, according to Ishini Wickremesinghe, director general of the Sri Lankan Department of National Zoological Gardens. Particularly noticeable, she said, was that several animals were born that have no breeding history in local zoos.

“Animals actually have a less stressful and relaxed time without people,” she said.

Sri Lanka closed its zoos in March 2020 and briefly reopened them to visitors earlier this year before closing again as coronavirus infections rose. The animals bred for the first time include a black swan, a white peacock and a Nilgai, the largest antelope in Asia. Others who have produced offspring include an Arabian oryx, a black duck, a scimitar-horned oryx, and a zebra.

“We also have three new lion cubs,” said Ms. Wickremesinghe. “After years, the animals really got a good break.”

The boys are now about six months old. With no visitors nearby, adult lions can roam freely in their enclosures and group together with potential companions.

In Sri Lanka’s wildlife parks, officials have not been able to confirm whether the brood is increasing, but the animals are “definitely stress-free,” said Manoj Vidyaratne, the overseer of Yala National Park on the island’s southeast coast. “We usually see around 400 vehicles in the park every day,” he said, “but this time nobody is there.”

Creatures in captivity elsewhere have also taken advantage of the pandemic to reproduce. Last April, two giant pandas successfully mated at the Hong Kong Zoo, which was closed to visitors due to the coronavirus.

Sri Lanka, an early success story in containing the spread of the virus, has seen a surge recently, registering nearly 3,000 new infections daily, according to a New York Times database. The pandemic has exacerbated the economic hardship of a country that struggled to recover from the terrorist attacks as early as 2019.

Sri Lanka’s zoos, which are home to around 4,000 species of animals, are among the main attractions of the tourism-dependent country, drawing more than three million visitors a year before the pandemic.

Despite the impact on revenue, Ms. Wickremesinghe said she hoped to keep the zoos closed until cases fell amid fears that primates could catch Covid-19 from an infected visitor. “We don’t know what to do when that happens,” she said.

Categories
World News

Outlook for April-June quarter GDP amid Covid

Crowds of people are seen shopping during a weekly market at Kandivali.

SOPA Images | LightRocket | Getty Images

India is expected to see double-digit expansion in the three months ending in June — but economists warn that the data won’t be painting the full picture of the country’s growth trajectory.

South Asia’s largest economy released fourth quarter GDP data Monday that showed an expansion of 1.6% from the same period a year ago, driven mostly by state spending and manufacturing sector growth. Full year GDP is estimated to have contracted 7.3% compared to a 4% growth in the previous year.

Since February, India has been battling a devastating second wave of coronavirus that accelerated in April and peaked in early May. The infection forced most of India’s industrial states to implement localized lockdown measures to slow the spread of the virus.

“With the lockdowns which are there, we think that going ahead, the economy will tend to slow down,” Madan Sabnavis, chief economist at Care Ratings, said Tuesday on CNBC’s “Street Signs Asia.”

“The numbers which we get for the first quarter of fiscal 2022 — that is for the quarter ending in June — may be very much misleading,” he said. India’s fiscal year begins in April and ends in March the following year.

On (a) sequential basis, we are going to see a double digit contraction when we do a seasonally adjusted data, but on the year-on-year comparison, you are going to see a strong double-digit growth.

For the April-June quarter last year, the economy contracted 23.9% as a months-long national lockdown hammered the country. Economists argue that while the reported year-on-year figure for the current quarter will likely show a double-digit growth, the strong number will be due to the low base from last year’s negative print.

“On (a) sequential basis, we are going to see a double digit contraction when we do a seasonally adjusted data, but on the year-on-year comparison, you are going to see a strong double-digit growth,” Radhika Rao, an economist with Singapore’s DBS Group, said Tuesday on CNBC’s “Squawk Box Asia.”

“That’s because it’s coming on the back of a 24% drop the same time last year,” she added.

Still, experts agree that the economic impact of the second wave may not be as severe as the one seen last year. India has, thus far, avoided another national lockdown, allowing states to implement localized shutdowns instead. Economists agree that the country is generally on track to revive its growth but at a delayed pace.

Data is likely to show that consumption lost momentum this quarter on a sequential basis due to the second wave as households had to prioritize more of their spending on hospitalization and medical expenses, Rao explained.

“So, domestic demand, which is the main component for growth, is not going to look that good. Plus you have got contact-intensive services, most of which had been shut down,” she said, adding, “Only into June now, some of the states are starting to talk about reopening. But, certainly, it’s a very staggered and a very unpredictable path, in terms of the unwinding of restrictions.”

Many economists have trimmed their full fiscal 2022 growth predictions for India. Goldman Sachs, for example, lowered its full-year real GDP growth forecast from 11.1% to 9.9%.

Categories
World News

Sinovac Coronavirus Vaccine Licensed by WHO for Emergency Use

The World Health Organization has released a coronavirus vaccine from the Chinese pharmaceutical company Sinovac for an emergency, the agency said on Tuesday.

The decision, made about a month after the agency approved another Chinese emergency vaccine from Sinopharm, means that Sinovac’s vaccine may be included in Covax, a worldwide initiative to deliver coronavirus vaccines to countries low income.

There is an urgent need for vaccines in countries and regions where the virus is increasing, such as India, much of Southeast Asia, and South America. Adding another vaccine to the distributional calculus could help meet that demand.

Sinovac’s vaccine, called CoronaVac, was developed using inactivated viruses, a technique that has been used for over a century.

Clinical trials with CoronaVac in Brazil and Turkey produced very different results, but both showed that the vaccine protected against Covid-19.

According to Oxford University’s Our World in Data project, the vaccine is already approved in 29 countries, including China, Brazil and Mexico.

CoronaVac is given in two doses over two to four weeks and is easier to store than those from Pfizer-BioNTech and Moderna, which must be frozen for long-term storage.

The WHO Director General, Dr. Tedros Adhanom Ghebreyesus said at a press conference on Tuesday that CoronaVac’s easy storage makes it very useful for the “resource poor environments” that need it most.

So far, an overwhelming proportion of vaccine doses have gone to affluent countries, and many of them are returning to an approach to normal life as the virus ravages less affluent countries.

“The world desperately needs multiple Covid-19 vaccines to eradicate the huge inequality of access around the world,” said Dr. Mariângela Simão, WHO Deputy Director General for Access to Health Products, in a statement.

At the press conference on Tuesday, Dr. Tedros and officials from the International Monetary Fund, World Bank Group and World Trade Organization launched a new push to secure $ 50 billion to boost the manufacture and distribution of coronavirus vaccines and other medical supplies and treatments to poorer countries.

“An increasingly two-pronged pandemic is causing a two-pronged economic recovery with negative repercussions for all countries,” said Kristalina Georgieva, managing director of the IMF on Effective Way to Boost Global Production. In other words, vaccination policy is economic policy. “