Houthi attacks blamed on US inaction

October 17, 2016

Jeddah, Oct 17: The Houthi militias, which are backed by Iran, have — for the third time in less than a week — attacked US Navy in the strategic Bab Al-Mandab Strait, one of the world's busiest shipping lanes.

HOUTHI

Saturday night's attack came after the first one on Monday, Oct. 10. At that time, the US Navy said it was unsure if it was being targeted or if the attack was a mistake.

The second attack — on Wednesday, Oct. 12 — prompted the US military to respond with verbal warnings and limited strikes on Thursday. Three radar sites in Houthi-held Yemeni territories near Ras Isa, north of Mukha and near Khoka, were taken out.

Pentagon Press Secretary Peter Cook said at the time that “the limited self-defense strikes were conducted to protect our personnel, our ships and our freedom of navigation.”

However, the Houthi militias — a radical religious group whose primary slogan is “Death to America” — remained undeterred and waged a third attack on Saturday night, firing a number of missiles at the USS Mason and other US ships in the Red Sea.

“The Mason once again appears to have come under fire from cruise missiles fired from Yemen,” Adm. John Richardson, chief of US naval operations, told reporters on Sunday.

The Mason was in international waters when multiple incoming surface-to-surface missiles were detected by the ship's crew about 3:30 p.m. EDT. No damage was reported to the vessel or other ships accompanying it.

A US official was quoted as saying by news agencies that an additional radars could have been used in the latest attack.

Saturday night's attack has eliminated all doubts that the attacks were a mistake or that the Houthis wanted to avoid a confrontation with the US.

In fact, the only one who seems to be avoiding a full-fledged confrontation is the US, thereby emboldening the Houthi militias — as rightly explained by Ali Khedery, formerly the longest serving US official in Iraq who is now based in Dubai.

Khedery blamed the recurrent attacks on America's lack of robust responses to such grave provocations.

“Due to the strategic missteps in the Middle East since Sept. 11 2001, by both US Presidents George W. Bush and Barack Obama and their administrations, and because of the quagmires in Iraq and Afghanistan, many jihadi groups have felt emboldened enough to threaten the US,” he told Arab News on Sunday. “These groups include Sunni jihadi groups, such as Al-Qaeda (Al-Qaeda in Iraq and Al-Qaeda in the Arabian Peninsula) and Daesh, and the Shiite jihadi groups, such as the Quds Force, Hezbollah, the Iraqi Shiite militias and now, most recently, the Houthis.”

“The reason these groups feel emboldened is because the Iranians, for example, working with Al-Qaeda and the Shiite militia groups killed and wounded thousands of American soldiers in both Afghanistan and Iraq without any major repercussions or reactions from the US,” he said.

“A message should have gone that the United States as a superpower cannot, and should not, be messed about by these Third World powers, such as Iran or even worse, by their militias and proxies,” said Khedery. “Unfortunately, a precedent was set when there was no major retaliation to the killings with impunity of American soldiers across Iraq. This led the jihadi groups to become more and more emboldened and that is why there is a situation such as the one in Yemen, where the Houthis feel that they can fire anti-ship missiles at the US Navy without any major response.”

A US State Department official opted not to provide specific answers to specific questions from Arab News. However, he responded with a statement which said that the US had indeed attacked three Houthi radar sites on Thursday in what he described as “limited self-defense strikes.” He added that these counter-attacks were conducted “to protect our personnel, our ships and our freedom of navigation in this important maritime passageway.”

The official insisted, however, that “the strikes were not conducted as part of the Saudi coalition's hostilities with the Houthis” and that “the United States continues to call on all parties in Yemen — the Saudi-led coalition, the Yemeni government, the Houthis and Saleh-aligned forces — to commit to an immediate cessation of hostilities and implement this cessation based on the April 10 terms.”

Salman Al-Ansari, founder and president of the Washington-based Saudi-American Public Relation Affairs Committee (SAPRAC), said one should call things for what they are.

“It is Iran that attacked the US Navy with rockets via its militia in Yemen,” he said. “We, as Saudis, believe that US security is an extension of global security.”

He said Saudi Arabia was very concerned at seeing the Houthis targeting the US Navy. “Saudi Arabia will always be committed to stand with its partner — the US — through thick and thin,” he added.

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News Network
June 15,2020

Dubai, Jun 15: The global tally of Covid-19 coronavirus infections crossed the 8 million mark on Monday, with recoveries at 4.13 million, and deaths at nearly 436,000.

As of 11.40am UAE time, there were 3.43 active Covid-19 cases globally, of which 54,460 were serious or critical.

The United States still leads the charts with 2.16 million cases and 117,858 deaths. Behind US, at a distant No 2, is Brazil with 867,882 cases and 43,389 deaths.

Russia, India, the UK, Spain, Italy, Peru, Germany and Iran complete the top 10.

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News Network
May 20,2020

Washington, May 20: The United States recorded another 1,536 coronavirus deaths over the past 24 hours, the Johns Hopkins University tracker said.

That figure, tallied as of 8:30 pm (0030 GMT), raises to 91,845 the total number of COVID-19 deaths in the US.

The US tops the global rankings both for the highest death toll and the highest number of infections, with more than 1.5 million cases.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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