World

Martin Vander Weyer

In defence of Amazon

We should take heart from BP’s £5.1 billion second-quarter loss, accompanied by a halving of its dividend. What’s good about that? Nothing — except that the loss reflects a write-down of the value of oil and gas assets that shifts the company to a more realistic footing for an extended period of low oil prices and reduced demand, indicating resilience rather than impending doom. In recent times, BP has lived through Deepwater Horizon, history’s most politicised oil-rig disaster, and extricated itself from TNK-BP, history’s nastiest Russian joint-venture. It operated when oil was below $20 a barrel in 2001 and when it hit $147 in 2008. It has plans to achieve

Sea change: China has its sights on the Bay of Bengal

Pangong Lake is the most unlikely of places for a naval conflict between two of the world’s nuclear-powers, India and China, with a third, Pakistan, looking on with not a little interest. Lying some 280 miles east of Islamabad, 360 miles north of New Delhi and 2,170 miles west of Beijing, Pangong Lake is in the remote northern Himalayas. In 1905, the explorer Ellsworth Huntington said that its beauty could ‘rival, or even excel, the most famous lakes of Italy or Switzerland’. It is a harsh world, frozen in winter, inhabited by a sparse indigenous population of hardy goat herders. And it’s situated in the southernmost spur of the Aksai

Dear Boris: what happens if Trump doesn’t accept defeat?

Dear Prime Minister, You already have quite enough on your plate. So forgive me if I hoist a storm cone over another potential problem. I refer to the US presidential election on 3 November and the possibility of its ending in deadlock and confusion. I was the British ambassador to Washington during the Bush/Gore election of 2000. The outcome hung in suspense for a month. Everything turned on which contestant had won more votes in Florida. In the end, the matter had to go to the US Supreme Court for a decision. I was present at the hearing. After 9/11, it was the most dramatic moment of my time in

Europe is finally coming to terms with Brexit

An article in the Dutch, left-leaning newspaper Het Parool led with the headline ‘Despite Brexit, multinationals prefer London over Amsterdam or Paris’ this week. The piece reports that ‘the feared exit [of companies] from Great Britain is not happening’ as expected, and highlights the fact that Unilever decided to: Become fully British, scrapping its dual [Anglo-Dutch] structure [which has been in place for 90 years]. Its headquarters will be London and not Rotterdam, despite the avid attempts of Prime Minister Mark Rutte. Reportedly, the opportunity offered by London’s capital markets trumps any risks resulting from Brexit, an element that could also play a role in Shell possibly moving its headquarters

David Patrikarakos

No bread, no heat, no hope: Life in Lebanon after the Beirut blast

Once again, crisis comes to Lebanon. Once again, people are dying young in the Middle East. Last night an explosion in the port of Beirut killed at least 100 people and injured more than 4,000 others. They say the blast was heard almost 150 miles away in Cyprus. They say it shook the earth all the way across the eastern Mediterranean. It was colossal; first one bang, then another, before a mushroom cloud fanned out over the capital – yet one more tragedy to smother those beneath. Even for a country on as intimate terms with tragedy and as long inured to bombs (one killed its former president Rafik Hariri)

Was what I said about travellers offensive?

Public discourse has become the linguistic equivalent of walking on egg-shells. Fear of causing offence is truncating open and free-ranging thought.  I took a call from a listener – Frankie from Huntingdon – on my Talk Radio show yesterday. He objected to something I’d said. I’d been discussing rural crime with the National Farmers Union (NFU) who had reported a surge due to Covid 19 and continuing greed. Quad bikes disappearing for cash; sheep & lambs, for food. Another caller – Mike from the New Forest – had observed: ‘When the fair happens, we know to lock everything up’. Political interviews and speeches · Alastair Stewart on rural crime I’d

Sweden’s Covid-19 strategy is already paying off

There are lots of different ways of measuring the terrible state of the global economy. The collapse in overall output. The fall in trade as ports and airports empty. The trillions printed by central banks, and the soaring price of gold as investors lose faith in a recovery. But one is surely this: keeping the drop in GDP in single digits actually looks pretty good. Sweden this morning reported its flash estimate of second quarter GDP. Output was down by 8.6 per cent compared with the first quarter, and 8.2 per cent compared with the same quarter last year. It was, as the release helpfully pointed out, the worst result it

How much worse can things get for Lebanon?

Just before Twitter started firing out messages about a ‘bomb’ in Beirut, our cleaner rang us in tears, shaking, telling us our house had been damaged by an explosion. Video from her phone showed our windows blown out and splintered furniture. There was debris in the street and wrecked cars at odd angles. A man grabbed the phone from her to say there were injured everywhere, too many to count. Our house is in the Christian neighbourhood of Gemmayze, near the EU ambassador’s residence, and also close to a building belonging to the political party of a Christian militia leader. Automatically, I wondered if either of those could have been

Philip Patrick

Can tourism subsidies save Japan’s coronavirus-blighted economy?

In a striking contrast of priorities, as the UK government offers discounted fast food vouchers to revitalise the restaurant and hospitality sector, the Japanese have chosen a different, healthier, method of boosting their own Corona blighted economy: half-price domestic travel. The Japanese government anticipates the move will see hordes of travellers roaming across the country indulging in the usual Japanese holiday activities of hiking, camping, making pilgrimages to shrines, and bathing in hot springs – all the while, of course, spending money. The ‘Go To Travel’ campaign, as it has been called, is a bold and expensive (1.35 trillion yen or £10bn) initiative, and is, in theory, a good and

The US is right to rethink its relationship with China

Anyone who has worked in an office has fantasised about destroying it. As someone who has taken a sledgehammer to his office and fire to his papers – leaving the Libyan embassy in 2011 – I experienced a twinge of nostalgia on seeing Chinese diplomats burning papers after being given 72 hours to leave their consulate in Houston in July. Inevitably, the inevitable tit for diplomatic tat came, and American officials were sent packing from their consulate in Chengdu. Since then, relations between the US and China have deteriorated further, with Donald Trump pledging this week to ban the Chinese video app TikTok for national security reasons. This breakdown in

Juan Carlos’ exile may not save the Spanish monarchy

In the ‘bad bank’ model, a bank protects itself by dumping its toxic assets onto a second, newly-created institution. By taking the problems off its books, the first bank hopes to restore its reputation and financial health so that it will be able to carry on business as usual. The Spanish monarchy has just carried out an analogous operation. The 82-year-old former king, Juan Carlos I, who reigned for 38 years until his abdication in 2014, has gone into exile because, as he explains in his farewell letter, of the ‘public repercussions of certain episodes in my private life’. The ‘episodes’ have included ongoing investigations into a gift of £77m

Cindy Yu

What do the ‘wolf warrior’ diplomats want?

27 min listen

Earlier this year, a Foreign Ministry spokesperson gave credence to the conspiracy theory that the US military took coronavirus to China. It’s just one example of a new school of diplomacy that has dominated Chinese foreign policy – the ‘wolf warriors’. But does this approach work, or does it merely antagonise the world? Professor Todd Hall is a Chinese foreign policy expert at Oxford University, and tells Cindy Yu about what the wolf warriors say about China’s view of the world.

Freddy Gray

Freddy Gray, Douglas Murray, and Katy Balls

26 min listen

On the episode this week, Freddy Gray, editor of the Spectator’s US edition, reads his cover piece on the real Joe Biden. We also hear from Douglas Murray on the trial of Amber Heard and Johnny Depp – and about allegations that can’t be proved or disproved. At the end, Katy Balls relays the government’s anxiety over a second wave.

Cindy Yu

Who is the real Joe Biden?

34 min listen

Joe Biden is leading Donald Trump in the polls, so what is at the root of his appeal? (00:50) The government is anxious about a second wave – can it avoid repeating its mistakes? (11:15) And Rachel Johnson on her generation of high flyers and early retirees (23:30). With editor of the Spectator’s US edition, Freddy Gray; our economics correspondent Kate Andrews; deputy political editor Katy Balls; former Health Secretary Jeremy Hunt; journalist Rachel Johnson; and comedian Dominic Frisby. Presented by Cindy Yu. Produced by Cindy Yu, Max Jeffery, and Sam Russell.

Trump’s error in withdrawing troops from Germany

The Pentagon will fulfil President Trump’s demand to move almost 12,000 US troops out of Germany. About 6,400 forces will be brought home and 5,400 shifted to other countries in Europe. While Pentagon officials claim the action is part of a plan to strategically ‘reposition’ forces in Europe, the move is widely seen as an attempt by Donald Trump to punish Germany for its supposed failure to spend more on defence. Trump announced last month that he wanted to cut the number of active duty US troops in Germany from roughly 36,000 to slightly more than 24,000. His comments indicated that the move was tied more directly to his anger over Germany’s

Freddy Gray

The real Joe Biden: what would his presidency look like?

It is usually a bad idea for a presidential candidate to leave himself open to the accusation that he is soft on law and order. Yet last weekend Joseph Robinette Biden Jr did exactly that. He attacked the ‘egregious tactics’ of the federal officers trying to control the apparently never-ending riots in Portland, Oregon. Sensing an open goal, President Trump’s campaign promptly accused Biden of ‘siding with the criminals’. In any normal election year, such an exchange would be a major flashpoint. In the Covid-19-riddled anarchy cauldron that is America in 2020, nobody much cares. Joe Biden can say pretty much anything, or nothing at all, and his lead in

Why the US assassination of Iran’s top general didn’t spark a war

Iran’s new meddler-in-chief in Iraq is a bespectacled general called Esmail Ghaani. Brought in to replace Qassem Soleimani after his death in a US airstrike in January, he has the same green uniform as his predecessor, the same grey beard, and the same orders to make Iraq’s Shia militias do Tehran’s bidding. That, though, is where the similarities end. Soleimani was a legend among his followers in Iraq — he spent years building contacts with local commanders and joined them on the battlefield against Isis in Mosul. Ghaani, by contrast, is an owlish, uncharismatic figure who looks like he might be happier behind a desk. Unlike Soleimani, he doesn’t speak

Why do we still struggle to see Xi’s China as a threat?

For years Westminster has been obsessing over Russian interference in Britain. Yet while we fret over oligarchs and social-media bots, the most dangerous assault on our democracy and security goes not just unchallenged, but largely unnoticed. Beijing is richer and more sophisticated than Moscow on every level, and its influence more prevalent across British society. But even as we witness events in Hong Kong and Xinjiang, we still struggle to see China as a threat to our way of life. This blind spot means China has been able quietly to amass huge amounts of influence with little pushback. Just look at how Huawei settled itself in our communications infrastructure and

Tear gas Ted: the mayor manning Portland’s barricades

Portland, Oregon The federal courthouse in downtown Portland, Oregon, has become ground-zero for the nightly orgy of assaults, looting, arson, and public nudity — and, most recently, a surrealistic duel between protestors and federal agents using leaf-blowers to drive back each other’s tear gas — that continues to enliven America’s so-called Rose City in the wake of the death of George Floyd. It’s a curious thing, this new alignment of some of America’s most high-profile mayors with the very people burning down their towns. In Portland the competent authority figure is 57-year-old Ted Wheeler, who took office three and a half years ago. By law, all Portland mayors are nonpartisan,