Headline
EU Unveils €150bn Investment Plan For Africa

EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent’s biggest and “most reliable” partner.
The scheme is the first regional plan of the European Union’s Global Gateway — an investment blueprint that seeks to mobilise up to 300 billion euros ($340 billion) for public and private infrastructure around the world by 2027.
Seen as a response to China’s Belt and Road initiative, the strategy will use funding from EU institutions and member countries to leverage private-sector investment.
The EU has set a target date of 2030 for the African funds under the plan, according to a document from the European Commission.
The money will go towards renewable energy, reducing the risk of natural disasters, internet access, transport, vaccine production and education in Africa, the document said.
Speaking at a press conference in the Senegalese capital Dakar, von der Leyen told reporters she was “proud” to announce plans for Africa, where the aim was to amass at least 150 billion euros in investment.
She did not offer details about how the funds would be raised or spent.
The EU’s website says money under the Global Gateway will be earmarked for “smart, lean and secure links” in communications and transport and for boosting health, education and research.
Von der Leyen, who is president of the powerful executive European Commission, arrived on Wednesday to prepare for a summit between the EU and the African Union on February 17-18.
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“At the summit, investments will be at the heart of the discussions because they are the means of our shared ambition,” von der Leyen said.
“In this area Europe is the most reliable partner for Africa and by far the most important,” she added.
Global Gateway is rooted in “the values to which Europe and Africa are committed, such as transparency, sustainability, good governance and concern for the well-being of the people,” von der Leyen said.
Speaking to AFP before arriving in Senegal, von der Leyen warned that foreign investment in Africa too often came with “hidden costs” attached.
Critics often accuse other large investors in Africa, such as China or Russia, as being less stringent on environmental protection or human rights.
China in particular is accused of luring African countries into debt traps, offering huge unaffordable loans. Beijing disputes the charge, arguing that its loans are designed to alleviate poverty.
For his part, Senegalese President Macky Sall told reporters on Thursday that he expected the EU-AU summit to produce a “renewed, modernised and more action-oriented partnership.”
“Europe and Africa have an interest in working together”, he said, referencing the geographical proximity of the two continents and common security concerns, among other things.
Sall added that he was committed fighting global warming, but stressed the need to finance natural-gas projects in order to boost industry and provide greater access to electricity.
He has opposed plans announced by a small group of countries at last year’s COP26 climate summit, including the US and France, to end financing for overseas unabated fossil fuels — those without associated carbon capture technology — by the end of 2022.
The final declaration at COP26 also said countries would “accelerate efforts towards phase-out of unabated coal power and inefficient fossil fuel subsidies.”
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Senegal, a poor nation of 17 million people, has high hopes for gas fields off its Atlantic coast.
The government has said it plans to start production by late next year or in 2024.
AFP
Headline
US Opposes Palestinian State Recognition, Says It’s Reward For Hamas
United States President Donald Trump and his French counterpart, Emmanuel Macron, met on Tuesday on the sidelines of the United Nations General Assembly, where they discussed differing views on the future of Gaza and Palestinian statehood.
CNN reports that Trump rejected the two-state solution to the crisis in Gaza, saying the idea portrays “reward” for Hamas.
France recently joined the United Kingdom, Canada, Australia and Portugal to officially recognise the Palestinian state.
Trump opened the Tuesday bilateral meeting by praising Macron’s diplomatic efforts, claiming the French leader had helped him prevent global conflicts.
“Emmanuel has actually helped me with a couple of the wars,” Trump said, in response to Macron’s recent remark that if the US president wants a Nobel Peace Prize, he should “put an end to the war in Gaza.”
When asked about Palestinian statehood, and his latest remarks, it would be a “gift to Hamas,” Trump again pushed back strongly.
“Well, I think it honors Hamas, and you can’t do that because of October 7. You can’t do that. But we want our hostages back,” Trump said.
“You always have to remember, people forget October 7 was one of the most savage days in the history of the world,” the US president said.
In response, Macron, seated beside Trump, emphasised that recognising a Palestinian state does not mean ignoring Hamas’ October 2023 attacks on Israel.
The Gaza war is an armed conflict in the Gaza Strip and Israel, fought since October 7, 2023, when the Hamas militant group attacked Israel, which has since launched offensive in the Gaza Strip in retaliation.
Headline
Saudi Arabia’s Grand Mufti Is Dead
The Grand Mufti of Saudi Arabia, Sheikh Abdulaziz, has died at the age of 82.
According to a statement from the Royal Court, the revered cleric passed away on Tuesday morning.
Born in Mecca in November 1943, Sheikh Abdulaziz rose to become one of the most influential religious authorities in the Kingdom.
He served as head of the General Presidency of Scholarly Research and Ifta, as well as the Supreme Council of the Muslim World League.
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He was the third cleric to occupy the office of Grand Mufti after Sheikh Mohammed bin Ibrahim Al Shaikh and Sheikh Abdulaziz bin Baz.
In its tribute, the Royal Court said King Salman and Crown Prince Mohammed bin Salman had extended condolences to the Sheikh’s family, the people of Saudi Arabia, and the wider Muslim world.
“With his passing, the Kingdom and the Islamic world have lost a distinguished scholar who made significant contributions to the service of science, Islam, and Muslims,” the statement read.
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A funeral prayer is scheduled to be held at the Imam Turki bin Abdullah Mosque in Riyadh after the Asr prayer on Tuesday.
King Salman has also directed that funeral prayers be observed simultaneously at the Grand Mosque in Makkah, the Prophet’s Mosque in Medina, and in all mosques across the Kingdom.
The Grand Mufti is regarded as Saudi Arabia’s most senior and authoritative religious figure. Appointed by the King, the officeholder also chairs the Permanent Committee for Islamic Research and Issuing Fatwas.
Headline
Antitrust Trial: US Asks Court To Break Up Google’s Ad Business
Google faces a fresh federal court test on Monday as US government lawyers ask a judge to order the breakup of the search engine giant’s ad technology business.
The lawsuit is Google’s second such test this year, following a similar government demand to split up its empire that was shot down by a judge earlier this month.
Monday’s case focuses specifically on Google’s ad tech “stack” — the tools that website publishers use to sell ads and that advertisers use to buy them.
In a landmark decision earlier this year, Federal Judge Leonie Brinkema agreed with the US Department of Justice (DOJ) that Google maintained an illegal grip on this market.
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Monday’s trial is set to determine what penalties and changes Google must implement to undo its monopoly.
According to filings, the US government will argue that Google should spin off its ad publisher and exchange operations. The DOJ will also ask that after the divestitures are complete, Google be banned from operating an ad exchange for 10 years.
Google will argue that the divestiture demands go far beyond the court’s findings, are technically unfeasible, and would be harmful to the market and smaller businesses.
“We’ve said from the start that DOJ’s case misunderstands how digital advertising works and ignores how the landscape has dramatically evolved, with increasing competition and new entrants,” said Lee-Anne Mulholland, Google’s Vice President of Regulatory Affairs.
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In a similar case in Europe, the European Commission, the EU’s antitrust enforcer, earlier this month fined Google 2.95 billion euros ($3.47 billion) over its control of the ad tech market.
Brussels ordered behavioral changes, drawing criticism that it was going easy on Google as it had previously indicated that a divestiture may be necessary.
This remedy phase of the US trial follows a first trial that found Google operated an illegal monopoly. It is expected to last about a week, with the court set to meet again for closing arguments a few weeks later.
The trial begins in the same month that a separate judge rejected a government demand that Google divest its Chrome browser, in an opinion that was largely seen as a victory for the tech giant.
That was part of a different case, also brought by the US Department of Justice, in which the tech giant was found responsible for operating an illegal monopoly, this time in the online search space.
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Instead of a major breakup of its business, Google was required to share data with rivals as part of its remedies.
The US government had pushed for Chrome’s divestment, arguing the browser serves as a crucial gateway to the internet that brings in a third of all Google web searches.
Shares in Google-parent Alphabet have skyrocketed by more than 20 percent since that decision.
Judge Brinkema has said in pre-trial hearings that she will closely examine the outcome of the search trial when assessing her path forward in her own case.
These cases are part of a broader bipartisan government campaign against the world’s largest technology companies. The US currently has five pending antitrust cases against such companies.
AFP
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