FT News Briefing Israel and UAE peace deal, Trump vows to block postal vote funds, China treads cautiously
Aug 14, 2020
A groundbreaking peace deal between Israel and the UAE marks a pivotal moment in Middle Eastern diplomacy, with significant U.S. mediation. Meanwhile, Donald Trump's threats to cut postal service funding stir controversy ahead of the November election. Wells Fargo faces internal turmoil as its chief compliance officer resigns amid oversight challenges. Additionally, China adopts a more cautious diplomatic stance in response to rising U.S. sanctions, hinting at the complexities of international relations during a time of heightened tension.
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Historic Middle East Peace Deal
- Israel and the UAE normalized relations, marking a historic peace deal.
- This is a significant win for leaders of both nations and the U.S.
Significance for Netanyahu and Trump
- This deal is a big win for Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump.
- It advances their respective agendas in the Middle East.
Shared Interests and Covert Cooperation
- The UAE and Israel share common security interests, particularly regarding Iran and Islamist extremism.
- Covert cooperation has existed, but establishing formal diplomatic ties is significant.