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Sunday, December 10, 2017

Palestinian stabs Israeli in Jerusalem; anti-Trump protest flares in Beirut

JERUSALEM (Reuters) - A Palestinian stabbed an Israeli security guard at Jerusalem’s main bus station on Sunday, police said, and violence flared near the U.S. Embassy in Beirut over U.S. President Donald Trump’s recognition of Jerusalem as Israel’s capital.
Four days of street protests in the Palestinian territories over Trump’s announcement on Wednesday have largely died down, but his overturning of long-standing U.S. policy on Jerusalem -- a city holy to Jews, Muslims and Christians -- drew more Arab warnings of potential damage to prospects for Middle East peace.
“Our hope is that everything is calming down and that we are returning to a path of normal life without riots and without violence,” Israeli Defence Minister Avigdor Lieberman said on Army Radio.
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But in Jerusalem, a security guard was in critical condition after a 24-year-old Palestinian man from the occupied West Bank stabbed him after approaching a metal detector at an entrance to the city’s central bus station, police said. The alleged assailant was taken into custody after a passer-by tackled him.
In public remarks on Sunday, Turkish President Tayyip Erdogan, a frequent critic of Israel, called it an “invader state” and a “terror state”.
Israeli Prime Minister Benjamin Netanyahu who spoke at a news conference in Paris alongside French President Emmanuel Macron after the two leaders met, fired back:
“I‘m not used to receiving lectures about morality from a leader who bombs Kurdish villages in his native Turkey, who jails journalists, helps Iran go around international sanctions and who helps terrorists, including in Gaza, kill innocent people,” Netanyahu said.
Macron told Netanyahu that he needed to make gestures to the Palestinians to break the impasse between the two sides.
“I asked Prime Minister Netanyahu to make some courageous gestures towards the Palestinians to get out of the current impasse,” Macron said, suggesting that a freeze of construction in settlements could be a first step.
Most countries consider East Jerusalem, which Israel annexed after capturing it in a 1967 war, to be occupied territory and say the status of the city should be decided at future Israeli-Palestinian talks. Israel says that all of Jerusalem is its capital, while Palestinians want East Jerusalem as the capital of a future independent state.
The Trump administration has said it is still committed to reviving Palestinian-Israeli talks that collapsed in 2014, but jettisoning old policies is necessary to break the deadlock.
Washington says it has not taken a position on Jerusalem’s final status or borders, but it is sensible to recognize that any future peace deal will have Israel’s capital in the city.
The United States was “as committed to the peace process as we’ve ever been”, U.S. Ambassador to the United Nations Nikki Haley said on Sunday. Trump “didn’t talk about boundaries, he didn’t talk about borders... Because the final status of Jerusalem is between the Palestinians and the Israelis. It’s not for the Americans to decide.”
Palestinian President Mahmoud Abbas will not meet U.S. Vice President Mike Pence during his visit to the region, Foreign Minister Riyad Al-Maliki said on Saturday. The White House said on Sunday that decision was unfortunate and Pence looked forward to seeing Netanyahu and Egypt’s President Abdel Fattah al-Sisi.
“It’s unfortunate that the Palestinian Authority is walking away again from an opportunity to discuss the future of the region,” said Jarrod Agen, a spokesman for Pence.
A Palestinian kicks a burning tire during clashes with Israeli troops at a protest against U.S. President Donald Trump's decision to recognize Jerusalem as Israel's capital, near the Jewish settlement of Beit El, near the West Bank city of Ramallah December 10, 2017. REUTERS/Mohamad Torokman
Netanyahu reacted to critics in a statement before talks with Macron, to be followed by a meeting with European foreign ministers in Brussels on Monday.
“I hear (from Europe) voices of condemnation over President Trump’s historic announcement, but I have not heard any condemnation for the rocket firing against Israel that has come (after the announcement) and the awful incitement against us,” Netanyahu said.

DEMONSTRATIONS

In Beirut, Lebanese security forces fired tear gas and water cannons at protesters, some of them waving Palestinian flags, near the U.S. Embassy.
Demonstrators set fires in the street, torched U.S. and Israeli flags and threw projectiles towards security forces that had barricaded the main road to the complex.
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In the Moroccan capital, Rabat, tens of thousands of protesters marched down the city’s main thoroughfare chanting slogans including, “The people want to liberate Palestine” and “Death to Israel, enemy of the people and provoker of wars.”
Waving Palestinian flags and holding up pictures of Jerusalem, they expressed anger at the “betrayal” by Arab governments perceived to have backed Trump’s move.
In the Indonesian capital Jakarta, thousands protested outside the U.S. embassy, many waving banners saying “Palestine is in our hearts”.
Maliki has said the Palestinians will be looking for a new peace talks broker instead of the United States and would seek a United Nations Security Council resolution over Trump’s decision.
Arab foreign ministers who met in Cairo on Saturday urged the United States to abandon its decision on Jerusalem and said the move would spur violence throughout the region.
Echoing that view, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahayan, the de facto leader of the United Arab Emirates, said the U.S. move “could throw a lifebuoy to terrorist and armed groups, which have begun to lose ground” in the Middle East.

GAZA TUNNEL

Along Israel’s tense frontier with the Gaza Strip, the Israeli military on Sunday destroyed what it described as a “significant” cross-border attack tunnel dug by the enclave’s dominant Islamist group, Hamas.
There was no immediate comment from Hamas on the demolition, which came as Palestinian factions tried to meet Sunday’s deadline for an Egyptian-mediated handover of Gaza by Hamas to Western-backed President Abbas after a decade’s schism.
Pre-dawn Israeli airstrikes in the Gaza Strip on Saturday killed two Palestinian gunmen after militants fired rockets from the area into Israel on Friday.

Haley: Women accusers should be heard, even if Trump is target

WASHINGTON - Nikki Haley, the U.S. ambassador to the United Nations, said on Sunday that any woman who has felt violated or mistreated by a man has every right to speak up, even if she is accusing President Donald Trump.
“Women who accuse anyone should be heard,” Haley said on CBS’s “Face the Nation.” “They should be heard, and they should be dealt with.”
Washington has been roiled by sexual misconduct scandals, with accusations leading to the resignations last week of three members of Congress.
The growing wave of women reporting abuse or misconduct has brought down powerful men, from movie producer Harvey Weinstein to popular television personality Matt Lauer.
Haley, discussing that cultural shift, applauded the women who have come forward: “I‘m proud of their strength. I‘m proud of their courage.”
Asked how people should assess the accusers of the president, Haley said, it was “the same thing.”
More than 10 women have accused Trump of sexual misconduct before he was president. While filming a segment of the television program “Access Hollywood,” he talked about kissing and groping women.
FILE PHOTO: U.S. Ambassador to the UN Nikki Haley (L) and U.S. President Donald Trump participate in a session on reforming the United Nations at UN Headquarters in New York, U.S., September 18, 2017. REUTERS/Kevin Lamarque/File Photo
Trump has denied the misconduct allegations, although he apologized for his comments, which he called “locker room” talk.
White House spokeswoman Sarah Sanders said on Thursday that sexual harassment allegations against Trump were addressed by the American people when they voted him into office in November 2016.
FILE PHOTO: U.S. President Donald Trump talks with U.S. Ambassador to the U.N. Nikki Haley as they attend a session on reforming the United Nations at U.N. Headquarters in New York, U.S., September 18, 2017. REUTERS/Lucas Jackson
Asked whether Trump’s election settled the matter, Haley said: “That’s for the people to decide. I know that he was elected, but women should always feel comfortable coming forward, and we should all be willing to listen to them.”
On Tuesday, voters in the heavily Republican state of Alabama will cast their ballots in a race involving Republican Roy Moore, a former state judge, and Democrat Doug Jones, a former U.S. attorney.
Moore has been accused of sexual misconduct toward women when they were teenagers and he was in his 30s. One woman said he tried to initiate sexual contact with her when she was 14.
Reuters has not independently verified the accusations, which Moore, a conservative Christian, has denied.
Many Republicans, including Alabama’s senior U.S. senator, Richard Shelby, have distanced themselves from Moore. But Trump has endorsed him, saying he wants to see the Senate seat stay in Republicans’ hands.

Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY- Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even as critics warn of the risk of a bubble and price collapse.
Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/Illustration
The launch on Sunday night may have caused an early outage of the Chicago-based CBOE Global Markets’ (CBOE.O) website. The exchange said that due to heavy traffic on the CBOE Global Markets website, the site “may be temporarily unavailable.”
The one-month bitcoin contract <0#XBT:> opened trade at 6 pm (6.00 p.m. ET) at $15,460, dipped briefly and then rose to a high of $18,700.
As of 0630 GMT, it was up 17 percent from the open at $18,140, with 2,368 contracts traded.
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On the Luxembourg-based Bitstamp BTC=BTSP, bitcoin prices surged 9.6 percent to $16,100. It is up more than 1,400 percent so far in 2017, and its gains in the past month have been rapid.
Experts had worried that the risks associated with the currency’s Wild West-like nature could overshadow the futures debut. Bitcoin tumbled 20 percent in 10 hours on Friday.
“Even if there is an institution or institutional-sized trader out there, they are going to want to make sure that the mechanics work first, just for the futures,” said Ophir Gottlieb, chief executive officer of Los Angeles-based Capital Market Laboratories.
“I think the excitement will come when the futures market is established. That can take a few days,” Gottlieb added.
The futures are cash-settled contracts based on the auction price of bitcoin in U.S. dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs and brothers Cameron and Tyler Winklevoss. Bitcoin was quoted at $16,355 on the Gemini exchange.
Market participants said the launch of the futures contract wouldn’t necessarily reduce volatility in the cryptocurrency.
“There are no ways to arbitrage between the market and other exchanges, CBOE cannot settle Bitcoin as far as I know,” said Leonhard Weese, president of the Bitcoin Association of Hong Kong, referring to sharp differences in bitcoin prices worldwide.
“Regular bitcoin traders don’t have access to it, and the trading desks that use the futures market don’t have access to bitcoin.”

CRYPTIC CURRENCY

While bitcoin’s price rise mystifies many, its origins have been the subject of much speculation.
It was set up in 2008 by someone or some group calling themselves Satoshi Nakamoto, and was the first digital currency to successfully use cryptography to keep transactions secure and hidden, making traditional financial regulation difficult if not impossible.
Central bankers and critics of the cryptocurrency have been ringing the alarm bells over the surge in the price and other risks such as whether the opaque market can be used for money laundering.
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“It looks remarkably like a bubble forming to me,” the Reserve Bank of New Zealand’s Acting Governor Grant Spencer said on a television program run on Sunday.
“We’ve seen them in the past. Over the centuries we’ve seen bubbles and this appears to be a bit of a classic case,” he said.
Many investors have stood on the sidelines watching its price rocket. However, it is possible to buy bitcoin without having to spend the full price of one coin. Bitcoin’s smallest unit is a Satoshi, named after the elusive creator of the cryptocurrency.
Somebody who invested $1,000 in bitcoin at the start of 2013 and had never sold any of it would now be sitting on around $1.2 million.
Heightened excitement ahead of the launch of the futures has given an extra kick to the cryptocurrency’s scorching run this year.
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The CME Group (CME.O) is expected to launch its futures contract on Dec. 17.

CONTROVERSIAL MOVE

Bitcoin fans appear excited about the prospect of an exchange-listed and regulated product and the ability to bet on its price swings without having to sign up for a digital wallet.
Others, however, caution that risks remain for investors and possibly even the clearing organizations underpinning the trades.
“You are going to open up the market to a whole lot of people who aren’t currently in bitcoin,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
The launch has so far received a mixed reception from big U.S. banks and brokerages, though.
Several online brokerages, including Charles Schwab Corp (SCHW.N) and TD Ameritrade Holding Corp (AMTD.O), did not allow trading of the new futures immediately.
The Financial Times reported on Friday that JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N) would not immediately clear bitcoin trades for clients.
Goldman Sachs Group Inc (GS.N) said on Thursday it was planning to clear such trades for certain clients.
Bitcoin’s manic run-up this year has boosted volatility far in excess of other asset classes. The futures trading may help dampen some of the sharp moves, analysts said.
“Hypothetically, volatility over the long run should drop after institutions get involved,” Gottlieb said. “But there may not be an immediate impact, say in the first month.”