-
Sweden centre-left leader fails to form government
-
Man City captain Dias defends celebrations after Liverpool win
-
EU economy chief doubtful Russian diesel exports will affect prices
-
B2PRIME Expands Tier-1 Access and Liquidity Architecture for Sophisticated Institutional Flow
-
Capital International Highlights Multilingual Access to Its Platform as European Economic Conditions Diverge
-
STARTRADER Adds 48 US Stock CFDs with 24-Hour Weekday Trading
-
Hazlewood takes six as Australia win first Test
-
'Ink' director Danny Boyle slams Trump's Truth Social 'lies'
-
Pope Leo admitted to hospital for lung operation
-
Coach Kovac extends contract at Dortmund until 2029
-
Hungary cuts anti-LGBTQ measures from Orban-era law
-
Activist Thunberg joins France student rally after violence at protests
-
Tech stocks slump on AI jitters; oil falls
-
Archer and Bethell in England squad for Australia ODI series
-
ePlanet Brokers Publishes H1 2026 Transparency Report and Highlights Best Broker 2026 Award
-
Formula One to return to Africa in 'early 2030s' in Rwanda
-
Van Gogh work unseen in public for 60 years on show in Hong Kong
-
US actor Selma Blair charged with assault after alleged flight altercation
-
Prosecutors drop most impeachment charges against Philippine VP Duterte
-
Hungary cuts anti-LGBTQ legislation from Orban-era law
-
Hypersonic weapons highlight arms race on the Korean peninsula
-
'Our future is being robbed': Greta Thunberg joins France student protests
-
Fiji appoint ex-Springboks boss White as coach ahead of World Cup
-
Late superstar Anita Mui's ashes missing in Hong Kong
-
Hungary to reverse Orban-era anti-LGBTQ legislation
-
'No choice': IMF says developing countries must cut spending despite war shock
-
Allen rushes Bills to thrilling 37-34 win over Rams
-
Boasting South Korea footballers spark rethink of military service exemptions
-
India youth shift tactics as police clamp down on election protest
-
Five dead as Hurricane Simon, Rachel pummel Mexico's Pacific coast
-
Malaysia's Firefly extends flight cancellations due to haze
-
Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout
-
IMF upgrades 2026 growth forecast but warns of 'split' outlook
-
Damaged and drained, Indonesia's peatlands go up in smoke
-
Infantino could pull off 'Houdini' act as critics struggle for candidate
-
Dominant Australia wary of Pacific threat at Rugby League World Cup
-
France braces for fresh nationwide student demonstrations
-
Pope to be admitted to hospital for lung operation
-
Ahead of Israel vote, desert town becomes frontline against ultra-Orthodox expansion
-
Samoa's McFarland welcomes 'massive' arrival of ex-All Blacks for World Cup run-in
-
El Nino Watch: the impacts around the world this week
-
Brewers beat Dodgers 7-4 to extend MLB playoff lead
-
Man City, PSG clash at contrasting time for state-backed projects
-
Teenager shoots headmaster, teacher at French school
-
HyProMag USA Secures Power and Advances Project Readiness for Texas Recycling Magnet Manufacturing Hub
-
Trifecta Gold Secures 100% Interest in Tombstone Gold Belt Projects, Yukon
-
Strategic Metals Ltd. Announces Acquisition of Control and Direction of Securities of Trifecta Gold Ltd. And Creation of 11 Additional NSR Royalties
-
Orogen Royalties Enters into Agreement to Sell the Slaughterhouse Copper-Gold Project to Seabridge Gold
-
Moderna to Report Third Quarter 2026 Financial Results on Friday, November 6, 2026
-
Controlled Products Systems Group, Multi-Fab Products and NOVA Technology Expand Texas Footprint with New Dallas-Fort Worth Co-Location Hub
Biden seeks to split Afghan assets between aid and 9/11 victims
President Joe Biden seized $7 billion in assets belonging to the previous Afghan government on Friday with the aim of splitting the funds between victims of the 9/11 attacks and desperately needed aid for post-war Afghanistan.
The unusual move saw the conflicting, highly sensitive issues of a humanitarian tragedy in Afghanistan, the Taliban fight for recognition, and the push for justice from families impacted by the September 11, 2001 attacks collide, with billions of dollars at stake.
The first stage was simple: Biden formally blocked the assets in an executive order signed Friday.
The money -- which a US official said largely stems from foreign assistance once sent to help the now defunct Western-backed Afghan government -- had been stuck in the New York Federal Reserve ever since last year's Taliban victory.
The insurgency, which fought US-led forces for 20 years and now controls the whole country, has not been recognized by the United States or any other Western countries, mostly over its human rights record.
However, with appalling poverty gripping the country after decades of war and the previous government's rampant corruption, Washington is trying to find ways to assist, while side-stepping the Taliban.
The White House said Biden will seek to funnel $3.5 billion of the frozen funds into a humanitarian aid trust "for the benefit of the Afghan people and for Afghanistan's future."
The trust fund will manage the aid in a way that bypasses the Taliban authorities, a senior US official told reporters, countering likely criticism in Washington that the Biden administration is inadvertently boosting its former enemy.
Aside from the new plan, "the United States remains the single largest donor of humanitarian aid in Afghanistan," the senior official said.
More than $516 million has been donated since mid-August last year, the official said. The money is distributed among non-governmental organizations.
- 9/11 victims seek compensation -
The fate of the other $3.5 billion is also complex.
Families of people killed or injured in the 9/11 attacks on New York, the Pentagon and a fourth hijacked airliner that crashed in Pennsylvania have long struggled to find ways to extract compensation from Al-Qaeda and others responsible.
In US lawsuits, groups of victims won default judgements against Al-Qaeda and the Taliban, which hosted the shadowy terrorist group at the time of the attacks, but were unable to collect any money. They will now have the opportunity to sue for access to the frozen Afghan assets.
Those "assets would remain in the United States and are subject to ongoing litigation by US victims of terrorism. Plaintiffs will have a full opportunity to have their claims heard in court," the White House said.
A senior official called the situation "unprecedented."
There are "$7 billion of assets in the United States that are owned by a country where there is no government that we recognize. I think we're acting responsibly to ensure that a portion of that money be used to benefit the people of the country," he said.
And the US plaintiffs related to 9/11 will "have their day in court."
W.Moreno--AT