White House chief economic adviser Gary Cohn is the latest high profile Trump aide to resign from his post. Yuri Gripas / Reuters
White House chief economic adviser Gary Cohn is the latest high profile Trump aide to resign from his post. Yuri Gripas / Reuters

With Trump's transactional approach, celebrate victories and mourn defeats



Another high-profile figure will soon leave US President Donald Trump's frenzied White House. But unlike some of his controversial former colleagues, competent and well-respected economic adviser Gary Cohn will be mourned by insiders and outsiders alike. Mr Cohn announced his resignation as Mr Trump readies high tariffs on steel and aluminium imports, sparking disquiet in international markets. Mr Cohn was an outsider – a registered Democrat and a globalist in a protectionist Republican administration – so perhaps his resignation was inevitable. It comes days after that of communications director Hope Hicks and fits a recent trend of major departures that has characterised a chaotic administration. Meanwhile Mr Trump himself is fending off a lawsuit related to an extra-marital affair he sought to cover up. We are certainly in uncharted territory. And yet this week the North Koreans have signaled a willingness to surrender their nuclear weapons and meet their southern counterparts, marking the closest sign of rapprochement since fighting ceased in 1953. Mr Trump is bound to take credit where recent presidents have failed. It would not be entirely undeserved.

Developments this week reflect the transactional approach which has given Mr Trump a mixed report card in this region. Naturally, his strategy is not universally applicable. On Iran and Hizbollah, Mr Trump's firm stance has been very welcome, particularly his criticism of the flawed Iran nuclear deal, which retains the backing of other Western leaders, even as Tehran extends its insidious influence in Syria, Iraq, Lebanon and Yemen. After the regime of Bashar Al Assad killed and maimed its own citizens in a chemical attack last April, US missiles struck the Shayrat Airbase at the behest of Mr Trump, who showed himself ready to act where his predecessor Barack Obama would not. Notwithstanding, his ruinous decision last December to move the US embassy to Jerusalem has derailed the remnants of a peace process, particularly given the grim symbolism of relocating in May, when Israelis celebrate and Palestinians mourn the catastrophe of 1948. Because of the far reach of American power, other countries are lining up to follow suit in an effort to placate Mr Trump, including Guatemala and Honduras. Each relocation will do further damage in a volatile neighbourhood. Meanwhile, early action in Syria has given way to empty words of censure.

It is easy from the outside to criticise the mercurial US president, but in the wake of another high-profile resignation a moment of reflection is also required. Mr Trump deserves credit for his firm stance on Iran, and some acclaim for bringing Pyongyang to the table. But it is hard for those in this region to look beyond his intransigence on Jerusalem and to wonder if his one-size-fits-all approach to diplomacy is presidential enough to make real and lasting progress in our increasingly complex world.

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Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
MATCH INFO

Newcastle United 1 (Carroll 82')

Leicester City 2 (Maddison 55', Tielemans 72')

Man of the match James Maddison (Leicester)

Final round

25 under -  Antoine Rozner (FRA)

23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)

21 - Grant Forrest (SCO)

20 - Ross Fisher (ENG)

19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)

Changing visa rules

For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.

Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.

It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.

The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.

The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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French Touch

Carla Bruni

(Verve)