Politics
Musk quietly puts brakes on plans for new political party

Billionaire Elon Musk is quietly putting the brakes on plans to start his new political party, telling allies he wants to focus on his companies, the Wall Street Journal said on Tuesday, citing people with knowledge of the plans.
Musk unveiled the ‘America Party’ in July after a public dispute with President Donald Trump on the tax cut and spending bill.
He has recently been focused in part on maintaining ties with Vice President JD Vance, the paper said, and has acknowledged to associates that forming a political party would damage his relationship with Vance.
Musk, the world’s richest man, and his associates have told people close to Vance that the billionaire is considering using some of his financial resources to back Vance if he decides to run for president in 2028, the paper said.
The CEO of Tesla and SpaceX spent nearly $300 million in 2024 to help Trump and other Republicans get elected, exerting enormous influence in the first few weeks of Trump’s term as head of the newly created efficiency department (DOGE).
Reuters could not immediately verify the Journal report. Tesla and the White House did not immediately respond to a Reuters request for comment outside regular business hours.
Vance, who had called for a truce following Musk’s all-public feud with Trump, reaffirmed his position this month and said he had asked Musk to return to the Republican fold.
Tesla shares are down more than 18% this year after it posted in July its worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, though its profit margin was better than many had feared.
Musk also warned of “a few rough quarters” after the end of support for electric vehicles by the Trump administration.
Investors worry whether he will be able to devote enough time and attention to Tesla after locking horns with Trump over his ambitions for a new political party.
Politics
Netanyahu’s political future at stake with Iran war: experts

With elections approaching in Israel, the war with Iran has handed Prime Minister Benjamin Netanyahu an opportunity to restore an image deeply scarred by October 7, 2023 Gaza attack, experts say.
But any political dividend would depend on how the conflict unfolds and how long it lasts, they say.
A day after Iran’s supreme leader Ayatollah Ali Khamenei was martyred in a wave of US-Israeli strikes, Netanyahu said that his close ties with Washington had enabled Israel to “do what I have long aspired to do for 40 years: to strike the terrorist regime decisively”.
The Gaza war eroded Netanyahu’s popularity. Critics have accused him of seeking to evade responsibility for the authorities’ failure to prevent the deadliest day in Israel’s history.
At 76, the leader of the right-wing Likud party is Israel’s longest-serving prime minister, with more than 18 cumulative years in office across multiple stints.
Known for his political resilience, Netanyahu has been without a parliamentary majority since the summer, amid a crisis with his ultra-Orthodox religious allies.
He is also standing trial in a long-running corruption case and has sought a presidential pardon, with US President Donald Trump repeatedly pressuring President Isaac Herzog to grant one.
‘Total victory’
Elections must be held by October 27 at the latest.
Netanyahu will call early elections, says Emmanuel Navon, a political analyst at Tel Aviv University.
“It’s obvious. He won’t wait until October given the commemoration of the October 7 anniversary,” Navon said.
“If Netanyahu was at rock bottom after the Gaza attack, he has since gradually turned the tide,” he added.
A Likud party led by Netanyahu would emerge ahead in elections held today, opinion polls suggest.
That would likely see him tasked with forming the next government, though he would still lack a majority with his current allies.
A victory over Iran could change that calculus, experts say.
“This offensive undeniably reinforces the image Netanyahu seeks to cultivate, the one associated with his ‘total victory’ slogan,” independent geopolitical analyst Michael Horowitz told AFP.
“Netanyahu wants to show that this is not a campaign slogan but a reality. It is his national agenda and his electoral strategy,” he added.
‘Iran remains Iran’
Raviv Druker, a prominent journalist on Channel 13 television, argued that Netanyahu “will try to convince people that the victory is total even if that is an illusion,” noting that “Hamas still runs Gaza, and Iran remains Iran even after Saturday’s strike”.
On the popular news website Walla, journalist Ouriel Deskal went further, suggesting Netanyahu may have chosen the timing of the hostilities to automatically delay — under a state of emergency — the March 30 deadline for passing a budget for which he has struggled to secure a majority.
Without a budget, the government would fall on April 1 and elections would be called.
In that scenario, Netanyahu would enter the campaign from a position of weakness.
By contrast “if this war against Iran is a success for Israel, it will be a political victory for Netanyahu,” Navon said.
But should the war drag on, the picture could shift dramatically, Horowitz warned.
“Public tolerance for a long war with heavy casualties, combined with a high cost of living, remains extremely low,” he said.
During the war last June, Iranian missiles killed 30 people in Israel. Since Saturday, 10 people have been killed in Iran’s retaliatory strikes.
“Israel’s victories are primarily attributed to the army and to civilian resilience, which enabled the country to wage the longest war in its history,” Horowitz noted.
“The army’s popularity is rising, not necessarily Netanyahu’s.”
Politics
UAE Says Airspace Will Not Be Used for Attacks on Iran

UAE says it will not allow its airspace to be used for attacks against Iran, announces security and economic measures amid regional tensions.The United Arab Emirates has announced it will not allow its airspace or territory to be used for attacks against Iran, as officials outlined security, economic and humanitarian measures during a media briefing in Abu Dhabi.
Reem Al Hashimy, Minister of State for International Co-operation, said the UAE’s position was “clear and measured.”
“The UAE will not permit its airspace or land to be used in any attack against Iran,” she said, adding that the country reserves the right to defend its sovereignty and ensure the safety of citizens, residents and visitors.
She also confirmed that the UAE had closed its embassy in Tehran and withdrawn its ambassador following recent Iranian attacks.
High Combat Readiness
Major General Abdul Nasser Al Humaidi, spokesperson for the Ministry of Defence, said the UAE would not tolerate any compromise of its sovereignty or security.
He explained that sounds heard in recent days were due to missile interceptions and confirmed that armed forces remain at a high level of combat readiness. The UAE, he said, possesses sufficient strategic defence reserves to counter aerial threats for an extended period.
Economic Measures & Supplies
On the economic front, Abdulla bin Touq Al Marri, Minister of Economy and Tourism, said the country holds strategic reserves of essential goods sufficient for four to six months.
“There is no risk of shortages,” he said, adding that authorities are monitoring markets to prevent unjustified price increases and urging residents to avoid panic buying.
He also announced that around 80 flights per day would operate during the current phase to facilitate travel for those wishing to leave.
Daily Life Continues
The National Emergency Crisis and Disaster Management Authority (NCEMA) said daily life across the UAE continues as normal, with essential services fully operational.
The statements come amid heightened regional tensions, as Gulf countries navigate security concerns while seeking to maintain stability at home.
Politics
UAE says it will not allow territory to be used against Iran

ABU DHABI: The United Arab Emirates said it will not allow its airspace or territory to be used for attacks against Iran, as officials outlined security, economic and humanitarian measures on Tuesday during a media briefing in Abu Dhabi.
Reem Al Hashimy, Minister of State for International Co-operation, said the UAE’s position was clear and measured. “The UAE will not permit its airspace or land to be used in any attack against Iran,” she said, adding that the country had the right to defend itself to protect its sovereignty and the safety of citizens, residents and visitors.
She described Iran’s ballistic missile programme as a threat to the wider region and said the security of Gulf states was “indivisible”. Al Hashimy added that there was no military solution to the crisis and warned that further escalation would harm regional stability.
The minister confirmed that the UAE had closed its embassy in Tehran and withdrawn its ambassador in response to recent Iranian attacks.
Separately, Major General Abdul Nasser Al Humaidi, official spokesperson for the Ministry of Defence, said the UAE would “never accept its sovereignty and security being compromised”.
He said the sounds heard in recent days were the result of missile interceptions and confirmed that the armed forces were at a high level of combat readiness. The UAE possesses strategic defence reserves capable of countering aerial threats for an extended period, he added.
On the economic front, Economy and Tourism Minister Abdulla bin Touq said the country holds sufficient strategic reserves of basic food and essential goods to meet demand for between four and six months.
“There is no risk of shortages,” he said, adding that authorities were closely monitoring markets to prevent unjustified price increases. He urged residents to avoid panic buying or over-purchasing.
Bin Touq also announced that 80 flights per day would operate during the current phase to facilitate travel for those wishing to leave.
The National Emergency Crisis and Disaster Management Authority (NCEMA) said daily life across the UAE continues as normal, with all essential services fully operational.
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