What to know from the UN: Netanyahu says no cease-fire, but other countries keep asking | Canada News Media
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What to know from the UN: Netanyahu says no cease-fire, but other countries keep asking

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UNITED NATIONS (AP) — After a day filled with hopes of a cease-fire between Lebanon and Israel, the U.N. General Assembly meeting Friday was a harsh reality check.

Israeli Prime Minister BENJAMIN NETANYAHU shut down the idea in a morning speech that he said he didn’t initially intend to make. He said he had not planned to come to the meeting this year, because his country is at war, but “after I heard the lies and slanders leveled at my country by many of the speakers at this podium, I decided to come here and set the record straight.”

The week has been full of speakers calling for a cease-fire in both Lebanon and Gaza, continuing into Friday. But Netanyahu wasn’t swayed. He said his nation will “continue degrading Hezbollah” until achieving its goals along the Lebanon border, and would no longer tolerate daily rocket fire from the area. Shortly after Netanyahu wrapped up his speech, the Israeli military said it carried out a strike on Hezbollah’s headquarters in Beirut, which caused huge blasts in the city.

Here’s your daily guide to what’s going on at the United Nations this week:

From the podium

MORE ANTI-WAR: Calls for Israel to stop its war in Gaza and back off from a growing conflict in Lebanon continued. The two speakers who preceded Netanyahu each made a point of calling out Israel for its actions. “Mr. Netanyahu, stop this war now,” Slovenian Prime Minister ROBERT GOLOB said as he closed his remarks, pounding the podium. And Pakistani Prime Minister SHEHBAZ SHARIF, speaking just before the Israeli leader, declared of Gaza: “This is not just a conflict. This is systematic slaughter of innocent people of Palestine.” He thumped the rostrum to audible applause.

PROMISE FOR DEMOCRACY: Tanzania Prime Minister KASSIM MAJALIWA pledged that his country will uphold democracy and human rights ahead of next year’s presidential election. An opposition party official was killed in early September and two main opposition leaders were arrested among a dozen other opposition politicians while planning a youth rally and during protests against recent killing and arrest of opposition officials and members. President SAMIA SULUHU has condemned the killing of the opposition official Ali Kibao and promised justice. She’s serving out the term of the late President JOHN MAGUFULI, whose autocratic rule saw the ban on political rallies and detention of opposition leaders.

POETRY IN POLICY: As Pakistan tries to climb out of an economic crisis, Sharif turned Friday to poetry to convey his country’s resolve. Addressing world leaders at the U.N. General Assembly, he read aloud part of “Keep Going,” a 1921 piece by American poet Edgar A. Guest. It begins “When things go wrong, as they sometimes will” — when, for example, “the funds are low and the debts are high.” (Sharif substituted “credits” for “funds.”) Pakistan’s debts are indeed substantial. The International Monetary Fund this week approved a $7 billion loan for the nation, which plunged into one of the worst economic crises in its history after flooding in 2022. Sharif’s government raised electricity prices, saying the hike was necessary to meet conditions of the new loan. The increase spurred protests and a merchants’ strike. Sharif told the assembly that his government has “taken some very difficult but necessary decisions that have rescued our economy from collapse.” Then he brought up the poem, saying it had bucked him up. He went through a stanza that ends: “When care is pressing you down a bit, / Rest if you must, but don’t you quit.” “This,” Sharif told the assembly, “is how we have learned to face our challenges and negotiate the most daunting challenges that we have faced.”

CUBA COMMENTS: For decades Cuba’s primary foreign-policy priority has been ending the U.S. trade embargo on the island. The country dedicates much of its General Assembly diplomacy to getting leaders to decry the embargo. According to Cuba’s U.N. mission, by 3:41 p.m. on Friday 25 countries had addressed the embargo at this year’s UNGA and 11 leaders had critiqued the U.S. inclusion of Cuba on the list of countries that sponsor terrorism, another sanction limiting international trade. Many of the countries that spoke have benefitted from another of Cuba’s trademark programs, sending its well-trained and highly educated doctors to developing countries across the world. Right after mentioning Ukraine and Gaza, Prime Minister ALLAH MAYE HALINA of Chad told the world that “we can’t ignore the embargo on Cuba, which hurts its people and hinders its development.”

On the sidelines

Norwegian Foreign Minister ESPEN BARTH EIDE, who was in the General Assembly hall listening to Netanyahu, called his address “a rather dark speech” that was “very defiant.” Norway recognized the State of Palestine in May. Eide said there are many countries that would like to support Israel and normalize relations, including Saudi Arabia and others in region, “but they are not able to do that as long as the Palestinian question remains unanswered.”

FUNDRAISERS, ADVOCATES: As the meeting of world leaders unfolds at the United Nations, a crush of events take place on the sidelines of the official high-level meetings, where nonprofits, advocates and fundraisers mingle and lobby world leaders, billionaires and funders — and plan their next steps with each other. A few examples: On Sunday, throngs of people streamed through a “climate science fair ” showcasing work on nature, food and the energy transition, held across Manhattan on an elevated park that runs along old rail lines. On Monday, the BILL & MELINDA GATES Foundation held a ceremony featuring Grammy-winning musician JON BATISTE performing in a gold sequin suit, and honoring Brazilian PRESIDENT LUIZ INÁCIO LULA DA SILVA for his work lifting millions out of poverty and significantly reducing malnutrition among children.

Climate moment

Papua New Guinea’s prime minister, JAMES MARAPE, told the General Assembly that accessing money to fight climate change has been a challenge. “It is for this reason I speak in solidarity with all forest nations, especially those in the Congo Basin and Amazon Basin, for adequate compensation if we are to preserve our forests which, in fact, are the lungs of Earth,” Marape said.

Voices you might have missed

“It is regrettable that the Republic of China, Taiwan, continues to be excluded from the United Nations system.”

—FELETI PENITALA TEO, prime minister of Tuvalu

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Ugandan Prime Minister NABBANJA ROBINAH asked the assembly why the U.N. has failed to forge stronger international cooperation in response to collective global challenges. “Urgent action is required to address global inequalities with regard to poverty, hunger and disease which continue to affect disproportionally the poorest and most vulnerable,” she said.

Some

thing you might not know

If you’re following along and confused by all the strange words, take a look at our brief vocabulary of U.N. terms.

One notable number

The largest number of police and troops sent by a country to U.N. peacekeeping missions this year, from Nepal: 6,119

Quotable

“Even the strongest swimmer drowns if left alone in a raging sea. ”

— Bahamas Prime Minister PHILIP DAVIS

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“We believe the ‘monsoon revolution’ that the world witnessed in Bangladesh in the span of few weeks may inspire many across communities and countries to stand for freedom and justice. I would call upon the international community to engage with ‘new Bangladesh’ anew that aims to realize freedom and democracy, beyond letters, for everyone.”

— MUHAMMAD YUNUS, chief adviser in Bangladesh and Nobel Prize laureate

Up next

The assembly is scheduled to hear from China, Mexico, Saudi Arabia, and Egypt, among others, on Saturday.

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AP writers Seth Borenstein, Michael Weissenstein, Thalia Beaty and Tia Goldenberg contributed. See more of AP’s coverage of the U.N. General Assembly at

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Bitcoin is at the doorstep of $100,000 as post-election rally rolls on

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NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of record after record highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.

Now, bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the collapse of crypto exchange FTX. The recent, dramatic rally arrives as industry players expect the incoming Trump administration to bring a more “crypto-friendly” approach toward regulating the digital currency.

Bitcoin traded as high as $98,349 early Thursday, according to CoinDesk, and was slightly below that level at 1:25 p.m. ET.

As with everything in the volatile cryptoverse, the future is impossible to know. And while some are bullish, other experts continue to warn of investment risks.

Here’s what you need to know.

Back up. What is cryptocurrency again?

Cryptocurrency has been around for a while now. But, chances are, you’ve heard about it more and more over the last few years.

In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain.

Bitcoin is the largest and oldest cryptocurrency, although other assets like ethereum, tether and dogecoin have also gained popularity over the years. Some investors see cryptocurrency as a “digital alternative” to traditional money — but it can be very volatile, with its price reliant on larger market conditions.

Why is bitcoin soaring?

A lot of the recent action has to do with the outcome of the U.S. presidential election.

Crypto industry players have welcomed Trump’s victory, in hopes that he would be able to push through legislative and regulatory changes that they’ve long lobbied for — which, generally speaking, aim for an increased sense of legitimacy without too much red tape.

Trump, who was once a crypto skeptic, recently pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies.

How of this will actually pan out — and whether or not Trump will successfully act quickly on these promises — has yet to be seen.

“This is not necessarily a short-term story, it’s likely a much longer-term story,” Citi macro strategist David Glass told The Associated Press last week. “And there is the question of how quickly can U.S. crypto policy make a serious impact on (wider adoption).”

Adam Morgan McCarthy, a research analyst at Kaiko, thinks the industry is craving “just some sort of clarity.” Much of the approach to regulating crypto in the past has been “enforcement based,” he notes, which has been helpful in weeding out some bad actors — but legislation might fill in other key gaps.

Gary Gensler, who as head of the Securities and Exchange Commission under President Joe Biden has led a U.S. government’s crackdown on the crypto industry, penalized a number of crypto companies for violating securities laws. Gensler announced Thursday that he would step down as SEC chair on Jan. 20, Inauguration Day.

Despite crypto’s recent excitement around Trump, McCarthy said that 2024 has already been a “hugely consequential year for regulation in the U.S.” — pointing to January’s approval of spot bitcoin ETFs, for example, which mark a new way to invest in the asset.

Spot ETFs have been the dominant driver of bitcoin for some time now — but, like much of the crypto’s recent momentum, saw record inflows postelection. According to Kaiko, bitcoin ETFs recorded $6 billion in trade volume for the week of the election alone.

In April, bitcoin also saw its fourth “halving” — a preprogrammed event that impacts production by cutting the reward for mining, or the creation of new bitcoin, in half. In theory, if demand remains strong, some analysts say this “supply shock” can also help propel the price long term. Others note it may be too early to tell.

What are the risks?

History shows you can lose money in crypto as quickly as you’ve made it. Long-term price behavior relies on larger market conditions. Trading continues at all hours, every day.

At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, during high demand for technology assets, but later crashed during an aggressive series of Federal Reserve rate hikes. And in late 2022 collapse of FTX significantly undermined confidence in crypto overall, with bitcoin falling below $17,000.

Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs. But experts still stress caution, especially for small-pocketed investors. And lighter regulation from the coming Trump administration could mean less guardrails.

While its been a big month for crypto — and particularly bitcoin, which McCarthy notes has set record highs for ten of the last 21 days — there’s always risk for “correction,” or seeing prices fluctuate back down some. Some assets may also have more restrictions than others.

“I would say, keep it simple. And don’t take on more risk than you can afford to,” McCarthy said — adding that there isn’t a “magic eight ball” to know for certain what comes next.

What about the climate impact?

Assets like bitcoin are produced through a process called “mining,” which consumes a lot of energy. Operations relying on pollutive sources have drawn particular concern over the years.

Recent research published by the United Nations University and Earth’s Future journal found that the carbon footprint of 2020-2021 bitcoin mining across 76 nations was equivalent to the emissions from burning 84 billion pounds of coal or running 190 natural gas-fired power plants. Coal satisfied the bulk of bitcoin’s electricity demands (45%), followed by natural gas (21%) and hydropower (16%).

Environmental impacts of bitcoin mining boil largely down to the energy source used. Industry analysts have maintained that clean energy has increased in use in recent years, coinciding with rising calls for climate protections



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Transgender community gathers in remembrance, opposition to Alberta legislation |

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Members of Edmonton’s transgender community and their loved ones gathered to mark the international Transgender Day of Remembrance where they held candles and mourned for transgender people who have recently died from violence or suicide. In Alberta, the gathering was also about opposing proposed legislation in the province. (Nov. 21, 2024)



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Canadian basketball player Chad Posthumus dead at 33 after brain aneurysm

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WINNIPEG – Canadian basketball player Chad Posthumus, a founding member of the Canadian Elite Basketball League, died Wednesday. He was 33.

The CEBL’s Winnipeg Sea Bears said Thursday that Posthumus, the team’s captain, suffered a brain aneurysm during a training session in Winnipeg on Nov. 9.

He then battled complications from a corrective surgery that left him in critical condition in the intensive care unit and did not recover.

Posthumus, a Winnipeg native, played for the CEBL’s Saskatchewan Rattlers, Ottawa BlackJacks, Edmonton Stingers and Brampton Honey Badgers before joining his hometown team.

He also played for teams in Argentina and Japan.

Internationally, the six-foot-11 Posthumus played for the 3×3 national team, representing Canada at the 3×3 AmeriCup in 2023.

This report by The Canadian Press was first published Nov. 21, 2024.

The Canadian Press. All rights reserved.



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