NUNZIUM

News That Matters

03/03/2024 ---- 05/03/2024

Former US President Donald Trump, in a notable turn of events, has made a triumphant return to the political stage, prevailing in his appeal against exclusion from the Republican primary in Colorado. This victory came on the eve of Super Tuesday when the US Supreme Court unanimously reversed a prior decision, thereby putting an end to efforts in Colorado, Illinois, Maine, and other states to block Trump from the ballot. This decision was a significant boost for Trump, who was previously barred due to a constitutional provision tied to the incitement of the January 6 Capitol attack in 2021.

The Supreme Court's ruling clarified that states do not have the authority to invoke a post-Civil War constitutional provision to keep presidential candidates off ballots, as this power lies with Congress. This verdict sets the stage for Trump's potential candidacy in the November election, with President Joe Biden likely to be the Democratic Party's nominee. Trump's political resurgence was further underscored by his victory in the South Carolina GOP presidential primary, where he defeated former South Carolina Governor Nikki Haley. Despite facing criminal charges in four jurisdictions, Trump's victories indicate he could secure the necessary 1,215 delegates to clinch the nomination by mid-March.

However, Trump's political resurgence is marred by several legal challenges. A civil fraud case led to a ruling that Trump must pay over $350m in damages, a sum that could rise to around $450m with interest charges. This ruling also prohibits Trump from conducting business in the state for three years. While Trump denies the fraud allegations and is expected to appeal, the decision is on hold pending review by a higher court.

The financial implications of Trump's legal troubles are substantial, with the $354.9m penalty representing 14-17% of his wealth, according to Forbes Magazine. Trump also owes writer E Jean Carroll $83.3 million from a defamation case concluded in January, and he faces legal fees from four criminal cases at both the federal and state levels. These financial burdens could potentially exceed half a billion dollars, possibly surpassing Trump's available cash.

Despite these legal and financial challenges, Trump's political influence remains potent. His recent comments suggesting he would "encourage" Russia to attack any NATO member failing to meet its financial obligations to the Western military alliance have sparked controversy. His critical view of NATO as an excessive financial burden on the US has been met with strong opposition from the White House and NATO chief Jens Stoltenberg.

The road ahead for Trump is a complex one, marked by political victories, significant legal challenges, and controversial statements. As the political and legal saga continues to unfold, Trump's influence on American politics remains substantial. His journey will undoubtedly be closely monitored by both supporters and critics in the months to come.

READ MORE

On February 24, 2024, an incident almost led to a quarter of the world's internet and telecommunication capacity being lost. The mysterious severance of three undersea cables in the Red Sea resulted in a significant disruption to global data traffic. These cables, including the Asia-Africa-Europe 1, the Europe India Gateway, Seacom, and TGN-Gulf, are indispensable conduits, handling 17% of the world's internet traffic and over 90% of communications between Europe and Asia. Beyond this, they serve as unseen highways for global trade, with the Red Sea being a pivotal route for goods moving from Asia to Europe.

The timing of the cable damage raised eyebrows as it coincided with an escalation in attacks by Yemen's Houthi rebels in the Red Sea. Backed by Iran, these rebels had been targeting ships since November of the previous year, in retaliation against US-led airstrikes on their missile and drone launch sites. These airstrikes were carried out in response to over 30 Houthi attacks on international shipping in the Red Sea and Gulf of Aden, which the rebels claimed were in support of the Palestinians in Gaza.

On March 2, 2024, the Belize-flagged vessel Rubymar became the first ship to be fully destroyed in the Houthi campaign, in response to Israel’s war against Hamas in the Gaza Strip. Despite over six weeks of U.S.-led airstrikes, the rebels continued their attacks, vowing to persist until Israel ceased its combat operations in Gaza.

The exact method used by the Houthis to target the undersea cables remains unclear, as they are not known to possess the necessary diving or salvage capabilities. However, it is possible that the cables were severed by anchors dropped from the ships disabled in the attacks.

The Houthi attacks have had a significant impact on global trade, compelling major shipping and oil companies to suspend transit through one of the world's most vital maritime trade routes. Many have chosen to avoid the Red Sea and Suez Canal due to the attacks, opting for the longer route around South Africa's Cape of Good Hope, adding approximately $1 million (€0.92 million) to costs.

In retaliation, the US and UK have conducted strikes on Houthi-held areas within Yemen. The US military has destroyed seven Houthi mobile anti-ship missiles being prepared for strikes. The operations received backing from Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand, with the intention being to further undermine Houthi capabilities.

Despite the international response, the Houthis show no signs of relenting, continuing to threaten global trade, naval vessels, and civilian mariners. There are concerns that the Houthi attacks could escalate Israel’s war against Hamas into a broader regional conflict. The situation is further complicated by the Houthis' alliance with Iran, and with the assistance of the Iranian Revolutionary Guard Corps and Lebanon's Hezbollah, the Houthis have amassed a formidable arsenal of missiles and drones.

In summary, the Red Sea crisis extends beyond a regional conflict, impacting global connectivity and trade. The undersea cables are vital arteries of our global society, and their protection is a matter of international security. The Red Sea crisis serves as a crucial reminder of the importance of these unseen highways in our interconnected world.

READ MORE