News
“The world’s attention must remain on Myanmar” – Obama left ‘heartbroken’ by military coup scenes
Former US President, Barack Obama has weighed in on the crisis that continues to unfold across Myanmar, stating he was “appalled by heartbreaking violence” it had used against civilians after retaking power in a coup.
Releasing a rare statement, Obama said he supported his President Joe Biden’s move to impose sanctions on the nation and impose costs on Myanmar’s generals.
“The military’s illegitimate and brutal effort to impose its will after a decade of greater freedoms will clearly never be accepted by the people and should not be accepted by the wider world”
Obama has called for those in Myanmar to continue to protest for their democracy.
What’s happening in Myanmar
Myanmar was taken over by the nation’s military in February, after detaining the country’s leader Aung San Suu Kyi.
Mass protests have been taking place across Myanmar since the military seized control on 1 February.
It comes as elected leader Aung San Suu Kyi remains detained, and so do other members of her National League for Democracy (NLD) party.
Hundreds of people, including children, have been killed.
The military is now back in charge and has declared a year-long state of emergency. The armed forces had backed the opposition, who were demanding a rerun of the vote, claiming widespread fraud.
Global Impacts
Countries from across the globe have responded to the crisis in Myanmar, many imposing sanctions on the nation.
The European Union has imposed sanctions on 10 of Myanmar’s military leaders, as well as two giant military conglomerates.
The United States has also responded, imposing the following:
APRIL 21, 2021 Imposing Sanctions on Two Burmese State-Owned Enterprises
APRIL 21, 2021 Treasury Sanctions Key Timber and Pearl Enterprises in Burma
APRIL 8, 2021 Imposing Sanctions on Burmese State-Owned Enterprise
APRIL 8, 2021 Treasury Sanctions Key Gems Enterprise in Burma
MARCH 25, 2021 Sanctions on Two Burmese Entities in Connection with the Military Regime
MARCH 25, 2021 Treasury Sanctions Military Holding Companies in Burma
MARCH 22, 2021 Designating Officials and Military Units in Response to Escalating Violence in Burma
MARCH 22, 2021 United States Targets Burmese Military Forces for Repression of Pro-Democracy Protests
MARCH 10, 2021 Promoting Accountability and Responding to Violence against Protestors in Burma
MARCH 10, 2021 United States Targets Family Members Profiting from Connection to Burmese Coup Leader
FEBRUARY 22, 2021 Promoting Accountability for Those Responsible for Violence Against Protestors in Burma
FEBRUARY 22, 2021 United States Targets Members of Burma’s State Administrative Council following Violence against Protestors
FEBRUARY 11, 2021 Designating Officials and Entities in Connection with the Military Coup in Burma
FEBRUARY 11, 2021 United States Targets Leaders of Burma’s Military Coup Under New Executive Order Archive: Find releases prior to January 20, 2017
Experts are now urging that the agenda for the Association of Southeast Asian Nations (ASEAN) Leaders Meeting in the Indonesian capital Jakarta on Saturday should be able to produce concrete actions to end violence in Myanmar.
Calls for Industries to cut ties with Myanmar
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Big Tech earnings spark investor unease over AI spending
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.
Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.
Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.
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Federal Reserve holds interest rates amid economic uncertainty
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.
The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.
Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.
Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.
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#FederalReserve #InterestRates #Economy
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Trump warns Iran as U.S. naval forces approach amid rising tensions
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.
U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.
Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.
The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.
#Trump #Iran #USForeignPolicy
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