Bill Gates to give away fortune by 2045, $200bn for world’s poorest

Bill Gates to give away fortune by 2045, $200bn for world’s poorest
Bill Gates said the world’s poorest would receive some $200 billion via his foundation over the next 20 years. (AP/File)
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Updated 08 May 2025

Bill Gates to give away fortune by 2045, $200bn for world’s poorest

Bill Gates to give away fortune by 2045, $200bn for world’s poorest
  • Microsoft co-founder said It’s unclear whether world’s richest countries will continue to stand up for the poorest people amid widespread aid and development funding cuts
  • Gates Foundation has given away $100 billion in its first 25 years, saving millions of lives

LONDON: Bill Gates pledged on Thursday to give away almost his entire personal wealth in the next two decades and said the world’s poorest would receive some $200 billion via his foundation at a time when governments worldwide are slashing international aid.
The 69-year-old billionaire Microsoft co-founder and philanthropist said he was speeding up plans to divest his fortune and close the Gates Foundation on Dec. 31, 2045.
“People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” Gates wrote in a post on his website.
“There are too many urgent problems to solve for me to hold onto resources that could be used to help people.”
In an implicit rebuke to President Donald Trump’s slashing of aid from the world’s biggest donor the United States, Gates’ statement said he wanted to help stop newborn babies, children and mothers dying of preventable causes, end diseases like polio, malaria and measles, and reduce poverty.
“It’s unclear whether the world’s richest countries will continue to stand up for its poorest people,” he added, noting cuts from major donors also including the UK and France.
Gates said that despite the foundation’s deep pockets, progress would not be possible without government support.
He praised the response to aid cuts in Africa, where some governments have reallocated budgets, but said that as an example polio would not be eradicated without US funding.
Gates made the announcement on the foundation’s 25th anniversary. He set up the organization with his then-wife Melinda French Gates in 2000, and they were later joined by investor Warren Buffett.
“I have come a long way since I was just a kid starting a software company with my friend from middle school,” he said.
Since inception, the foundation has given away $100 billion, helping to save millions of lives and backing initiatives like the vaccine group Gavi and the Global Fund to Fight AIDS, Tuberculosis and Malaria.
It will close after it spends around 99 percent of his personal fortune, Gates said. The founders originally expected the foundation to wrap up in the decades after their deaths.
Gates, who is valued at around $108 billion today, expects the foundation to spend around $200 billion by 2045, with the final figure dependent on markets and inflation.
The foundation is already a huge player in global health, with an annual budget that will reach $9 billion by 2026.
It has faced criticism for its outsize power and influence in the field without the requisite accountability, including at the World Health Organization.
Gates himself was also subject to conspiracy theories, particularly during the COVID-19 pandemic.
Gates has also spoken to US President Donald Trump several times in recent months on the importance of continued investment in global health.
“I hope other wealthy people consider how much they can accelerate progress for the world’s poorest if they increased the pace and scale of their giving, because it is such a profoundly impactful way to give back to society,” Gates wrote.


India to upgrade Kabul mission to full embassy, signaling deeper ties with Taliban

Updated 3 sec ago

India to upgrade Kabul mission to full embassy, signaling deeper ties with Taliban

India to upgrade Kabul mission to full embassy, signaling deeper ties with Taliban
SRINAGAR: India is upgrading its technical mission in Kabul to a full embassy, India’s foreign minister announced Friday after meeting his Afghanistan counterpart in New Delhi. The announcement was made during the first high-level diplomatic engagement since the Taliban seized power in 2021 after two decades of US military presence.
Indian Foreign Minister Subrahmanyam Jaishankar said India was committed to Afghanistan’s development and pledged support in sectors including trade, health and education. He said New Delhi is committed to Afghanistan’s sovereignty and territorial integrity.
“Closer cooperation between us contributes to your national development, as well as regional stability and resilience,” he said, addressing Afghanistan’s Foreign Minister Amir Khan Muttaqi at a joint press briefing after their meeting in New Delhi.
Muttaqi, who is among multiple Afghan Taliban leaders under UN sanctions that include travel bans and asset freezes, arrived in New Delhi on Thursday after the UN Security Council Committee granted him a temporary travel exemption. The visit follows Muttaqi’s participation Tuesday at an international meeting on Afghanistan in Russia that included representatives of China, India, Pakistan and some central Asian countries.
India’s pragmatic outreach to the Taliban
The move underlines the deepening ties between India and Taliban-ruled Afghanistan despite their historic antipathy for each other.
Both have something to gain. The Taliban administration seeks international recognition. Meanwhile, India seeks to counter regional rivals Pakistan and China, who are deeply involved in Afghanistan.
India’s Foreign Secretary Vikram Misri met Muttaqi in Dubai in January, and India’s special envoy to Afghanistan visited Kabul in April to discuss political and trade relations.
Experts say India’s decision to engage with the Taliban at higher levels reflects a strategic reassessment shaped in part by the consequences of previous non-engagement as well as to avoid falling behind its strategic rivals.
“New Delhi views the world through the prism of its rivalry with either China, Pakistan, or both. The Taliban’s efforts at a balanced foreign policy, which involves establishing relations with rival countries and groups, mirror New Delhi’s own playbook,” said Praveen Donthi, senior analyst with the International Crisis Group.
The visit comes while Afghanistan’s ties with Pakistan are strained, especially over refugee deportations and border tensions, and India’s engagement is seen as a strategic counterbalance to Pakistan’s influence. India also aims to limit Chinese dominance in Afghanistan through infrastructure and diplomatic presence.
“With Beijing proactively engaging the Taliban, New Delhi wouldn’t want its primary strategic rival to hold exclusive influence over Kabul,” Donthi said.
He said Pakistan had a similar hold over the Taliban in the past but due to its deteriorating ties with Islamabad, New Delhi sees an opportunity to “develop modest influence over Kabul and strengthen its position as a regional power.”
India’s checkered past with the Taliban
When the Taliban took over Kabul four years ago, Indian security analysts had feared that it would benefit their bitter rival Pakistan and feed an insurgency in the disputed region of Kashmir, where militants already have a foothold.
But New Delhi maintained steady contact with the Taliban despite these concerns and established a technical mission in Kabul in 2022, a year after the Taliban returned to power, focusing on humanitarian aid and development support. It continued engagement through back-channel diplomacy and regional forums that subsequently prompted increased engagement between the two countries this year.
India’s renewed engagement with the Taliban comes despite the ruling Hindu-nationalist Bharatiya Janata Party’s focus on religious identity and past encounters with the group.
In 1999, during the BJP’s previous term, militants hijacked an Indian plane to Taliban-ruled Afghanistan. Negotiations, involving Taliban officials, led to the release of three jailed insurgents in exchange for hostages.
That event left a deep mark on the BJP and National Security Adviser Ajit Doval, who was engaged in those negotiations, said Donthi. Now India “has been driven to proactively engage with the Taliban, both to avoid similar pitfalls and to accomplish a strategic need to counter Pakistan.”
The Taliban’s isolation
India has long hosted tens of thousands of Afghan nationals, including students and businesspeople, many of whom fled the Taliban. Afghanistan’s embassy in New Delhi shut down permanently in November 2023 but its consulates in Mumbai and Hyderabad continue to operate with limited services.
The Taliban has engaged in high-level talks with many nations and established some diplomatic ties with countries including China and the United Arab Emirates. In July, Russia became the first country to recognize the Taliban ‘s government.
Still, the Taliban government has been relatively isolated on the world stage, largely over its restrictions on women.
Gautam Mukhopadhaya, who was India’s ambassador in Kabul between 2010 to 2013, said the engagement between India and Afghanistan “may or may not lead to formal de jure recognition” of the Taliban government. He said he believed India should not take “that additional step to legitimize oppressive and unpopular Taliban rule” and “should preserve some levers to enable positive change internally for the benefit of all Afghans.”

Japan welcomes agreement to end Israel’s war on Gaza

Japan welcomes agreement to end Israel’s war on Gaza
Updated 10 October 2025

Japan welcomes agreement to end Israel’s war on Gaza

Japan welcomes agreement to end Israel’s war on Gaza
  • Two-state solution is needed, says FM Takeshi Iwaya
  • Palestinians require urgent aid, Gaza reconstruction

TOKYO: Japan has welcomed the initial pact between Israel and Hamas to end Tel Aviv’s war on Gaza, and urged all parties to activate the agreement in good faith.

“This agreement represents a significant step towards calming the situation and realizing a two-state solution,” Foreign Minister Takeshi Iwaya said in a statement released by Japan’s Foreign Ministry on Thursday.

“Japan has strongly urged the cessation of Israeli unilateral actions, the release of all hostages, the realization of a sustainable ceasefire, and a fundamental improvement of the humanitarian situation in Gaza.”

Japan acknowledged the contribution of the mediating countries including the US, Qatar, Egypt, and Turkiye.

“This agreement must be implemented, and the tragic situation must be brought to an end without delay,” Iwaya said.

He added that all parties should comply with international law and ensure that necessary humanitarian assistance operations are carried out immediately throughout the Gaza Strip.

Japan, he said, would continue to work closely with relevant countries and international organizations to reconstruct Gaza.


India to reopen its embassy in Afghan capital Kabul

India to reopen its embassy in Afghan capital Kabul
Updated 36 min 14 sec ago

India to reopen its embassy in Afghan capital Kabul

India to reopen its embassy in Afghan capital Kabul
  • About a dozen countries including China, Russia, Iran, Pakistan and Turkiye have embassies operating in Kabul
  • New Delhi’s announcement came as Afghan Taliban FM Amir Khan Muttaqi began talks with counterpart Jaishankar

NEW DELHI: India will reopen its embassy in the Afghan capital Kabul that was shut four years ago, Indian Foreign Minister Subrahmanyam Jaishankar said on Friday, a significant move that expands the diplomatic links of the country governed by the Taliban.

India had closed its embassy in Kabul after the Taliban seized power following the withdrawal of US-led NATO forces in 2021, but opened a small mission a year later to facilitate trade, medical support, and humanitarian aid.

About a dozen countries including China, Russia, Iran, Pakistan and Turkiye have embassies operating in Kabul, although Russia is the only country to have formally recognized the Taliban administration.

New Delhi’s announcement came as Afghan Taliban Foreign Minister Amir Khan Muttaqi began talks with Jaishankar on what is the first visit to India by a Taliban leader since 2021.

“India is fully committed to the sovereignty, territorial integrity and independence of Afghanistan,” Jaishankar told Muttaqi in his opening remarks.

“Closer cooperation between us contributes to your national development, as well as regional stability and resilience,” he said, adding that India’s “technical mission” in Kabul was being upgraded to an embassy.

Jaishankar did not mention a timeline for the change.

Muttaqi is on a six-day visit to India aiming to boost ties with New Delhi. Analysts say the trip highlights Taliban efforts to expand engagement with regional powers in a quest for economic relations and eventual diplomatic recognition.

India and Afghanistan have historically had friendly ties, but New Delhi does not recognize the Taliban government.

Western diplomats have said the Taliban administration’s path to recognition is being stalled by its curbs on women.

Talks between the two countries are expected to include discussions on political, economic and trade issues, the Afghan foreign ministry said this week.

Muttaqi’s trip was made possible after the UN Security Council Committee temporarily lifted a travel ban on him to allow diplomatic engagements abroad.

He is among Afghan Taliban members who are under UN sanctions, including a travel ban and asset freeze. Temporary exemptions are sometimes granted for diplomacy.


Peru’s Congress removes President Boluarte as a crime wave grips the country

Peru’s Congress removes President Boluarte as a crime wave grips the country
Updated 10 October 2025

Peru’s Congress removes President Boluarte as a crime wave grips the country

Peru’s Congress removes President Boluarte as a crime wave grips the country
  • Peru’s Congress voted early Friday to remove deeply unpopular President Dina Boluarte from office as a crime wave grips the South American nation

LIMA: Peru’s Congress voted early Friday to remove deeply unpopular President Dina Boluarte from office as a crime wave grips the South American nation and quickly replaced her with 38-year-old lawyer José Jerí, the legislative body’s leader.
Lawmakers had set up a debate and impeachment trial late Thursday in the 130-member unicameral Congress after voting to accept four requests for a vote to remove Boluarte from office over what they said was her government’s inability to stem crime.
They requested that Boluarte come before them shortly before midnight to defend herself, but when she did not appear they immediately voted to oust her. In short order, 124 lawmakers voted just past midnight to impeach Boluarte. There were no votes against the effort.
The shocking turn of events came just hours after a shooting at a concert in the capital inflamed anger over crime roiling the country.
Unlike eight previous attempts to remove Boluarte, almost all legislative factions expressed support for the latest requests.
Boluarte, Peru’s first female president, took office in December 2022 after Parliament used the same mechanism to impeach her predecessor.
After Friday’s vote, Boluarte spoke on national television, recounting her administration’s achievements.
“I have not thought of myself, but rather of Peruvians,” she said.
Minutes into her speech, the broadcast was interrupted to show Jerí’s swearing in.
Jerí, the president of the Congress, was sworn in early Friday as the interim president to serve out Boluarte’s term. Elections are scheduled for next April and Boluarte’s term was to end July 28, 2026.
Jerí said he would defend Peru’s sovereignty and hand over power to the winner of the April election.
Boluarte was Peru’s sixth leader in just under a decade. A normal presidential term is five years.
She assumed power in Peru in 2022 to complete the term of then-President Pedro Castillo, who was removed from office just two years into his five-year term after attempting to dissolve the legislature to avoid his own removal. She had served as Castillo’s vice president before becoming president.
There were more than 500 protests demanding her resignation in the first three months of her presidency.
Plagued by scandals, her administration’s inability to address Peru’s incessant crime proved to be her undoing.
On Wednesday, she partially blamed the situation on immigrants living in the country illegally.
“This crime has been brewing for decades and has been strengthened by illegal immigration, which past administrations haven’t defeated,” she said during a military ceremony. “Instead, they’ve opened the doors of our borders and allowed criminals to enter everywhere... without any restrictions.”
Official figures show that 6,041 people were killed between January and mid-August, the highest number during the same period since 2017. Meanwhile, extortion complaints totaled 15,989 between January and July, a 28 percent increase compared to the same period in 2024.
The country’s latest presidential crisis erupted after a man opened fire and injured five people Wednesday during a concert of Peru’s most popular cumbia groups, Agua Marina.
Prime Minister Eduardo Arana on Thursday defended Boluarte during a crime-focused hearing before Parliament, but it was not enough to dissuade lawmakers from pursuing the motions to see the president out of office.
“Parliament’s concerns are not resolved by addressing a request for impeachment, much less by approving it,” Arana told lawmakers. “We are not clinging to our positions. We are here, and we knew from the beginning that our first day here could also be our last day in office.”


Pakistan army says 30 militants killed in raids after attack left 11 soldiers dead

Pakistan army says 30 militants killed in raids after attack left 11 soldiers dead
Updated 10 October 2025

Pakistan army says 30 militants killed in raids after attack left 11 soldiers dead

Pakistan army says 30 militants killed in raids after attack left 11 soldiers dead
  • Pakistan is struggling to contain a surging militancy in its northwestern Khyber Pakhtunkhwa province that borders Afghanistan
  • Islamabad accuses Afghanistan and India of backing militant groups for attacks against Pakistan, Kabul and New Delhi deny this

ISLAMABAD: Pakistan’s security forces have killed 30 militants involved in an ambush that killed 11 soldiers this week near the Afghan border, the Pakistani army said on Friday.

The soldiers were killed in an overnight gunbattle in Orakzai district, which also killed 19 militants, according to the Inter-Services Public Relations (ISPR), the army’s media wing.

It said security forces have been conducting a series of “retribution operations” against the Pakistani Taliban militants involved in heinous incident that occurred in the Orakzai district.

During the conduct of an operation in Orakzai’s Jamal Maya area, 30 Pakistani Taliban militants involved in the Oct. 7 incident were killed after intense fire exchange.

“These successful operations have avenged the heinous act and have brought the main perpetrators to justice,” the ISPR said. “Sanitization operations are being conducted to hunt and eliminate any other Indian-sponsored kharji (militant) found in the area.”

The Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP), and other militant groups have frequently targeted security forces convoys and check-posts, besides targeted killings and kidnappings of law enforcers and government officials in recent months.

Islamabad has frequently accused Afghanistan of allowing the use of its soil and India of backing militant groups for attacks against Pakistan. Kabul and New Delhi both deny the allegation.

On Thursday, another Pakistan army major and seven militants were killed in a gunbattle in Dera Ismail Khan in northwest Pakistan, according to the ISPR.

Pakistan’s northwestern tribal regions turned into militant hotspots after the US invasion of Afghanistan in the wake of the September 11, 2001, attacks. Islamabad launched multiple military operations over the last two decades to push away militants but they have managed to regroup and the threat has persisted in the rugged, mountainous region.