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Israel, Hezbollah exchange fire after truce bid fails

A man checks the destruction following an Israeli airstrike in the southern Lebanese village of Shebaa. PHOTO: AFP

BEIRUT (AFP) – Israel and Hezbollah traded fire yesterday after the United States (US) and its allies failed to secure a halt in clashes that have killed more than 700 people in Lebanon this week.

With top Israeli ministers rejecting a 21-day truce proposal, the spotlight is now on Prime Minister Benjamin Netanyahu.

Nearly a year into the war with Hamas in Gaza, Israel shifted its focus to its northern front with Lebanon. Since Monday, Israeli warplanes have bombarded Hezbollah strongholds around the country, sparking an exodus of around 118,000 people, according to the UN.

Yesterday, Lebanon’s National News Agency said Israeli air strikes had intensified overnight, and that one strike had killed a family of nine in south Lebanon.

Hours later, Hezbollah fired rockets into the north Israeli city of Tiberias, saying it was responding to “savage” strikes on Lebanese towns and villages. In nearly a year of violence, more than 1,500 people have been killed in Lebanon, according to the country’s disaster management unit.

The toll surpasses the 1,200 mostly civilians killed during the 2006 war between Israel and Hezbollah, which also killed around 160 people in Israel, most of them soldiers.

Since Monday alone, more than 700 people have been killed in Lebanon, according to the health ministry.

“Everything is collapsing around us,” said Lebanese businessman Anis Rubeiz, 55.

“People are tired mentally… I don’t see (hope) on the horizon… or even a ray of light.”

The exchanges of fire came after the US, France and other allies unveiled a truce proposal, after President Joe Biden and his French counterpart, Emmanuel Macron, met on the sidelines of the UN General Assembly in New York.

But Israeli Foreign Minister Israel Katz rejected the push, vowing to keep fighting Hezbollah “until victory”.

Netanyahu’s office said he had “not even responded” to the proposal, and that he had ordered the military “to continue the fighting with full force”.

The White House expressed frustration at the rejection, saying the truce proposal had taken “a lot of care and effort”.

A man checks the destruction following an Israeli airstrike in the southern Lebanese village of Shebaa. PHOTO: AFP

Movement, freedom, precision

PHOTO: AFP

AFP – American designer Tory Burch unveiled a collection imbued with the spirit of sport – but without venturing into sportswear – at the recent fashion week.

Freedom and movement were reflected in loose-fitting wool pants and wrap dresses, while power shone through in the assembly of different pieces, fabrics and cuts on the models marching down the catwalk.

“It’s more about the spirit and the essence of sport,” Burch told AFP of the Spring/Summer 2025 collection.

That means it’s about “movement, about freedom, precision” as a starting point, she explained, adding,”The word ‘synchronicity’ was something I thought about.”

Burch, who this year celebrated the 20th anniversary of her eponymous fashion house, said, “I wanted to be careful with not having too many different prints, but I wanted it to come across some textures and the fabrics and the colour well.”

Among the standouts was an ensemble of ultra-light suede pants with a rope belt and a skin-tight sweater patterned in red and white.

A transparent white jersey shirt with ruffles and overly long sleeves was paired with its formal counterpart, brown wool pants.

Once again, the Pennsylvania native broke from the style that made her famous, a combination of preppy New England with a touch of the bohemian.

PHOTO: AFP
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60 ‘survivors’ accuse ex-Harrods boss of abuse

File photo shows Mohamed Al-Fayed at London’s High Court in 2017. PHOTO: AFP

LONDON (AFP) – Around 60 women have now come forward to allege they were abused by former Harrods owner Mohamed Al-Fayed, lawyers representing them said yesterday.

A BBC documentary last week aired claims by women that Fayed, who died last year aged 94, raped and abused them during his ownership of the luxury department store.

The accusations make the billionaire the latest high-profile figure to join a list of rich and powerful men, such as Hollywood producer Harvey Weinstein, disgraced by abuse allegations.

“The response has simply been enormous,” the lawyers said in a statement.

“We can confirm that we now represent 60 survivors as part of our claim, with more to come.”

The legal team said that since going public following the television expose, they had been contacted by people from all over the world.

“Our claim is becoming increasingly global in scope… We expected that anywhere Mohamed Al-Fayed went, abuse would follow,” the statement read. “Sadly this has proven to be true.

File photo shows Mohamed Al-Fayed at London’s High Court in 2017. PHOTO: AFP

“We are now in possession of credible evidence of abuse at other Al-Fayed properties and businesses, including Fulham Football Club.”

British prosecutors have said they twice received evidence against Fayed.

In 2008, Fayed was accused of s assaulting a 15-year-old girl and the Crown Prosecution Service (CPS) reviewed evidence in 2009.

In 2013, he was accused of raping a woman, a claim investigated in 2015.

In both instances, the CPS, which decides on prosecutions in England and Wales, said there was no “realistic prospect of conviction” and did not bring charges against the Harrods chairman.

The lawyers said they would continue to respond to inquiries from potential victims or witnesses and called for an “independent and transparent process to evaluate and adjudicate these claims”.

The women they represented, they said, had “lost all faith in Harrods and their processes”.

‘The Substance’ is brilliantly disgusting and deranged

Demi Moore in a scene from ‘The Substance’. PHOTO: AP

AP – In its first two hours, The Substance is a well-made, entertaining movie. Writer-director Coralie Fargeat treats audiences to a heavy dose of biting social commentary on ageism and sexism in Hollywood, with a spoonful of sugar- and sparkle-doused body horror.

But the film’s deliciously unhinged, blood-soaked and inevitably polarising third act is what makes it unforgettable.

What begins as a dread-inducing but still relatively palatable sci-fi flick spirals deeper into absurdism and violence, eventually erupting – quite literally – into a full-blown monster movie. Let the viewer decide who the monster is.

Fargeat – who won Best Screenplay at this year’s Cannes Film Festival – has been vocal about her reverence for The Fly director David Cronenberg, and fans of body horror will see his unmist-akable influence.

But The Substance is also wholly unique and benefits from Fargeat’s perspective, which, according to the French filmmaker, has involved extensive grappling with her own relationship to her body and society’s scrutiny.

The Substance tells the story of Elisabeth Sparkle, a famed aerobics instructor with a televised show, played by a powerfully vulnerable Demi Moore.

Demi Moore in a scene from ‘The Substance’. PHOTO: AP
Margaret Qualley in a scene from the movie. PHOTO: AP
Dennis Quaid. PHOTO: AP

Sparkle is fired on her 50th birthday by a ruthless executive – a perfectly cast Dennis Quaid, who nails sleazy and gross.

Feeling rejected by a town that once loved her and despairing over her bygone star power, Sparkle learns from a handsome young nurse about a black-market drug that promises to create a “younger, more beautiful, more perfect” version of its user.

Though she initially tosses the phone number in the trash, she soon fishes it out in a desperate panic and places an order.

The one rule to follow is that Sparkle and her better self (Margaret Qualley) must trade places every seven days. So for one week at a time, she is forced again to live as her 50-year-old self.

But the allure of youth proves too strong to resist. What’s the worst that can happen if she squeezes an extra day or two in?

Benjamin Kracun’s cinematography, particularly his low-angle shots and close-ups reminiscent of David Lynch’s movies – another filmmaker Fargeat credits as having influenced her as a director – expertly capture the omnipresent claustrophobia and anxiety that exist even while Sparkle is in the body of her better self.

Also evocative of Lynch is Fargeat’s compelling construction – between the fashion, architecture, aerobics and highly advanced cell-replicating drugs – of a kind of atemporal world.

Given that body horror has been all the rage at festivals – with Julia Ducournau’s Titane and Cronenberg’s Crimes of the Future also premiering at Cannes in recent years – it could be easy to write this movie off as capitalising on the zeitgeist.

But The Substance resists being lost in that shuffle.

What is perhaps most impressive is the fact that, in its 140-minute runtime, the movie never feels like it’s dragging on.

Fargeat ups the ante until the last second of the film, with a jaw-droppingly deranged final scene that is still somehow poignant.

If there’s a critique to be made about the film, it’s that the satire and caricatures are a bit heavy-handed, with most of the male characters being not-so-subtle misogynists.

But that overkill is part of what makes it so much fun. – Krysta Fauria

Indonesia, Malaysia renew local currency bilateral swap agreement

PHOTO: ENVATO

JAKARTA (XINHUA) – The central banks of Indonesia and Malaysia yesterday renewed their local currency bilateral swap agreement, also known for its abbreviation as LCBSA, of up to INR82 trillion (about USD5.42 billion) or MYR24 billion.

According to a joint statement released by Bank Indonesia (BI) and Bank Negara Malaysia (BNM) yesterday, the agreement renewal is effective for a period of five years.

The renewal reinforces the ongoing cooperation between the central banks. The banks’ first agreement was signed in 2019 and was extended in 2022.

“BI views the enhancement of cooperation in the LCBSA agreement with BNM as representing an important role of international cooperation as part of Bank Indonesia’s policy mix that supports key policies in the monetary, macroprudential, and payment systems sectors, while at the same time contributing to the development of local currency-based transactions in both countries,” BI Governor Perry Warjiyo said in a statement.

In the bilateral meeting, BI and BNM also discussed policy directions covering macroeconomics, monetary and finance, payment systems and digitalisation, as well as strategies to advance Islamic finance.

“As trade and financial interconnection between Malaysia and Indonesia increases, we welcome the agreement to continue cooperation with BI through the renewal of the LCBSA agreement.

The LCBSA cooperation complements the existing Local Currency Transaction (LCT) cooperation and is currently the main scheme in settling trade and investment transactions in each country’s currency,” BNM Governor Dato Seri’ Abdul Rasheed Ghaffour said.

PHOTO: ENVATO

Sri Lanka maintains interest rates, gross official reserves at USD6B

Vendors sell fish at a fish market in Peliyagoda fish market in Colombo, Sri Lanka. PHOTO: XINHUA

COLOMBO (XINHUA) – The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has opted to keep the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) unchanged at 8.25 per cent and 9.25 per cent respectively, a CBSL press release issued yesterday said.

The decision was based on a comprehensive analysis of macroeconomic conditions, alongside an assessment of both domestic and global risks and uncertainties, the CBSL noted.

The primary objective remains to maintain inflation at five per cent in the medium term while enabling the economy to function at its full capacity, the central bank said.

The board observed that inflation is expected to remain significantly below the five per cent target in the coming quarters, with the possibility of deflation in the near term due to adjustments in administratively controlled prices and improved supply conditions.

The CBSL further reported that despite occasional volatility, the Sri Lankan rupee appreciated by over seven per cent against the US dollar so far in 2024.

The central bank also made substantial foreign exchange purchases from the domestic market to strengthen gross official reserves, which stood at USD6 billion as of the end of August 2024.

Vendors sell fish at a fish market in Peliyagoda fish market in Colombo, Sri Lanka. PHOTO: XINHUA

Cambodia attracts 4.29M tourists in first eight months, up 22.5pc

Tourists watch sunrise at the Angkor Wat temple in Siem Reap province, Cambodia. PHOTO: XINHUA

PHNOM PENH (XINHUA) – Cambodia received 4.29 million foreign visitors in the first eight months of 2024, up 22.5 per cent from 3.5 million over the same period last year, said a Ministry of Tourism’s report released yesterday.

Thailand still topped the chart among the international tourist arrivals to the Southeast Asian country during the January-August period this year, followed by Vietnam and China, the report said.

About 1.34 million Thais travelLed to Cambodia, up 13 per cent, the report said.

According to the report, 35.8 per cent of the total international tourists reached Cambodia by air, and 64.2 per cent by land and waterways.

Cambodian Prime Minister Hun Manet said in a message to mark the World Tourism Day that tourism is the kingdom’s ‘green gold’, importantly contributing to boosting socio-economic development. He said the country is expected to “attract nearly six million international tourists in 2024 and up to seven million in 2026”.

He is confident that the Chinese-invested 4E-level Siem Reap Angkor International Airport, which commenced commercial operations in November 2023, and the 4F-class Techo International Airport, which is expected to be put into use in the first half of 2025, will play an important role in serving tourists in the long run. Tourism is one of the four pillars supporting the country’s economy. The sector made a gross revenue of USD3.08 billion in 2023, creating some 450,000 direct jobs, according to the Ministry of Tourism.

Tourists watch sunrise at the Angkor Wat temple in Siem Reap province, Cambodia. PHOTO: XINHUA

South Korea’s business sentiment worsens for third month in September

Postal workers process parcels for door-to-door delivery service at an East Seoul Post Logistics centre of the Korea Post in Seoul, South Korea. PHOTO: XINHUA

SEOUL (XINHUA) – Sentiment of South Korean businesses over the economic situation worsened for the third straight month amid lingering uncertainty at home and abroad, central bank data showed yesterday.

The composite business sentiment index (CBSI) in all industries fell 1.3 points over the month to 91.2 in September, after slipping 0.6 points in July and 2.6 points in August, according to the Bank of Korea (BOK).

The index hovered below the long-term average of 100 on the back of growing concerns about economic downturn in major economies and delayed recovery in domestic demand.

The CBSI among manufacturers declined 1.9 points to 90.9 in September compared to the previous month, and the index for non-manufacturers retreated 0.8 points to 91.4.

The results were based on a survey of 1,822 manufacturers and 1,458 non-manufacturers conducted between September 4 and 11.

Manufacturers selected faltering domestic demand, economic uncertainties and higher laboUr costs as key barriers to doing business, while non-manufacturers picked domestic demand slump, uncertain economic situations and higher labour costs.

The economic sentiment index (ESI), which reflects sentiment among businesses and consumers, stood at 93.7 in September, down 0.5 points from the previous month.

Postal workers process parcels for door-to-door delivery service at an East Seoul Post Logistics centre of the Korea Post in Seoul, South Korea. PHOTO: XINHUA

UK clears USD4B AI partnership between Amazon, Anthropic

People in the lobby of Amazon offices in New York. PHOTO: AP

LONDON (AFP) – Britain’s competition regulator yesterday cleared Amazon’s investment of up to USD4 billion in Anthropic, an American developer of artificial intelligence (AI), following a short probe.

The Competition and Markets Authority had examined the significant investment by the United States (US) e-commerce giant amid concerns among global antitrust watchdogs regarding tie-ups between AI firms and big tech companies.

Anthropic is developing a rival to ChatGPT-style AI chatbot.

The British regulator had probed whether the partnership caused “a substantial lessening of competition within any market or markets in the United Kingdom (UK) for goods or services”. However, it announced yesterday that it did not believe that “a relevant merger situation has been created”.

This was owing to the fact that Anthropic’s UK turnover did not exceed GBP70 million (USD94 million), nor do both parties “together account for a 25-per-cent or more share of supply of any description of goods or services in the UK”.

People in the lobby of Amazon offices in New York. PHOTO: AP

Thailand’s industrial output shrinks in August

PHOTO: XINHUA

BANGKOK (XINHUA) – Thailand’s industrial output contracted in August due to decreased auto production, higher production costs and flooding in the north, official data showed on Thursday.

The manufacturing production index (MPI) fell 1.91 per cent last month from a year earlier, reversing from a revised 1.63 per cent increase in July and marking the steepest decline since March, according to the Ministry of Industry.

For the first eight months of 2024, the MPI dipped 1.55 per cent year-on-year as pressures from high household debt and interest rates weakened consumer spending, while rising energy prices and competitively priced imported goods continued to affect the Thai industrial sector, said the ministry’s Office of Industrial Economics Director-General Warawan Chitaroon.

Industrial output is expected to continue falling in September, partly owing to floods and strong local currency Thai baht.

However, the index could improve slightly in the final quarter of the year as the tourism sector enters its peak season, Warawan told a news conference.

The ministry adjusted its MPI projection to decrease between one per cent and zero per cent this year, from the rise between zero per cent and one per cent expected earlier.

PHOTO: XINHUA