Tuesday, 18 July 2023

Millions of US military emails sent to Mali

Millions of US military emails have been mistakenly sent to Mali, a Russian ally, because of a minor typing error. Emails intended for the US military's ".mil" domain have, for years, been sent to the West African country which ends with the ".ml" suffix.

Some of the emails reportedly contained sensitive information such as passwords, medical records and the itineraries of top officers.

According to the Financial Times, which first reported the story, Dutch internet entrepreneur Johannes Zuurbier identified the problem more than 10 years ago.

Since 2013, he has had a contract to manage Mali's country domain and, in recent months, has reportedly collected tens of thousands of misdirected emails.

None were marked as classified, but, according to the newspaper, they included medical data, maps of US military facilities, financial records and the planning documents for official trips as well as some diplomatic messages.

Zuurbier wrote a letter to US officials this month to raise the alarm. He said that his contract with the Mali government was due to finish soon, meaning "the risk is real and could be exploited by adversaries of the US".

Mali's military government was due to take control of the domain on Monday.

US military communications that are marked "classified" and "top secret" are transmitted through separate IT systems that make it unlikely they will be accidently compromised, according to current and former US officials.

But Steven Stransky, a lawyer who previously served as senior counsel to the Department of Homeland Security's Intelligence Law Division, said that even seemingly harmless information could prove useful to US adversaries, particularly if it included details of individual personnel.

"Those sorts of communications would mean that a foreign actor can start building dossiers on our own military personnel, for espionage purposes, or could try to get them to disclose information in exchange for financial benefit," Stransky said. "It's certainly information that a foreign government can use."

Lee McKnight, a professor of information studies at Syracuse University, said he believed the US military was fortunate that the issue was brought to its attention and the emails were going to a domain used by Mali's government, rather than to cyber criminals.

He added that "typo-squatting" -- a type of cyber-crime that targets users who incorrectly misspell an internet domain -- is common. "They're hoping that a person will make a mistake, and that they can lure you in and do stupid things," he said.

When contacted by the BBC, a spokesperson said the defence department was aware of the issue and it was being taken seriously.

They said the department had taken steps to ensure that ".mil" emails are not sent to incorrect domains, including blocking them before they leave and notifying senders that they must validate intended recipients.

Both McKnight and Stransky said human errors were prime concerns for IT specialists working in government and the private sector alike.

"Human error is by far the most significant security concern on a day-to-day basis," Stransky said. "We just can't control every single human, every single time".

Monday, 17 July 2023

Black Sea Grain Initiative ends, what next?

The handymax bulk carrier, TQ Samsun, left Odessa on Sunday morning. It was the last ship – at least for the moment – to carry Ukraine grain exports across the Baltic Sea, through the Bosphorus, and then onto heavily reliant world markets.

The 43,775 dwt bulk carrier, built in 1996 and flying the Turkish flag, is carrying the last cargo in the Black Sea Grain Initiative which expired on Sunday. The deal was brokered by the United Nations (UN) and Turkey and signed in July 2022, enabling essential grain cargoes to be exported by Ukraine to world markets.  

Following Russia’s invasion of Ukraine in February last year, a large number of ships were trapped and an estimated 20 million tons grain exports were blocked. However, after the deal was struck in July, more than 30 million tons of grain were estimated to have been exported, a lifeline for many countries – including some of the world’s poorest nations – which rely heavily on grain for basic foodstuffs.

The Initiative allowed grain ships to transit the Black Sea via a corridor three nautical miles wide and 310 miles long to the Bosphorus. Ukraine was allowed to export grain from the ports of Odessa, Chornomorsk, and Yuzhny/Pivdeeyi.

Without a resumption of the deal, millions of people will be hit by a food crisis. Many face outright famine. Grain is a staple food in many African and Middle Eastern countries where, as in most regions, people are already facing the impact of record global food price inflation. The UN has estimated that 44 million people in 38 countries face emergency levels of hunger.

President Putin has held off renewing the Black Sea arrangement, which is supposed to be extended for 120 days at a time. However, in March and May, Russia agreed only to 60-day extensions and it is the May deal that has now ended. Putin wants Western sanctions to be eased so that the country can resume its own exports of grain and fertilizers.

Although there are no specific sanctions on Russia’s agricultural exports, Western sanctions effectively limit Russia’s access to international finance, shipping capacity, and insurance, thereby limiting the country’s exports indirectly. 

Sunday, 16 July 2023

US lust for carnage and destruction

The decision by the United States to provide Ukraine with the M864 DPICM round is driven by one thing and one thing only lust for carnage and destruction. 

 Totaling around US$800 million, it will also feature Bradley and Stryker fighting vehicles, air defense missiles, and anti-mine equipment—and hundreds of thousands of 155mm artillery dual-purpose improved conventional munitions (DPICM) rounds, the M864.

The decision by the Biden administration to supply Ukraine with the M864 round is simply a callous continuation of a policy designed to prolong a conflict Ukraine cannot win, and which causes Ukraine to lose hundreds of men killed every day. It does nothing to alter the current trajectory of the Russian-Ukrainian conflict, which as things currently stands points to a decisive Russian victory, an outcome the Biden administration is loath to accept.

The United States has, prior to the recent announcement, refused to provide cluster munitions to Ukraine for one simple reason—much of the world, including many of America’s NATO allies—views cluster munitions as representing an unacceptable risk to civilian life due to the high occurrence of dud munitions (i.e., munitions that fail to detonate on impact). As a result, cluster munitions continue to kill long after the battle where they were employed has ended. The victims tend to be civilians who stumble upon these munitions and inadvertently set them off.

While the US has refused to sign the Convention on Cluster Munitions (CCM), an international treaty that prohibits all use, transfer, production, and stockpiling of cluster munitions, it has recognized the need to develop cluster munitions with a designed dud rate of less than 1% to minimize the post-conflict risk to civilian populations. For this reason, the US military stopped using the M864 in 2016, replacing it with an improved DPICM round.

While the M864 round does not meet the 1% dud threshold set by the US Department of Defense for DPICM munitions, the Biden administration touts the fact that the M864 has a dud rate of less than 2%, which given the urgency of the need for artillery shells by Ukraine, is deemed to be an acceptable departure from the US norm.

However, like virtually every statement made by the United States regarding the conflict in Ukraine, the claim that the M864 DPICM rounds being sent to Ukraine are comprised only of batches certified as possessing a dud rate of less than 2% is a calculated lie.

The tests cited—five of them, conducted between 1998 and 2020—were carried out at the KOFA firing range, located within the US Army’s Yuma Proving Ground, in Arizona, using the Terminal Ballistics Evaluation Area, which possesses a prepared and instrumented impact area optimized for data collection.

This range employs a surface area consisting of hard-packed, flattened dirt designed to maximize point-detonating fuses such as those employed on the 24 M46 and 48 M42 dual-purpose anti-materiel/anti-personnel sub-munitions contained in each M864 round.

However, when employed in real-life situations, the dud rate of the sub-munitions will be much higher—often up to 20%. Rough terrain, mud, soft soil, trees, and bushes all conspire to prevent the sub-munitions from detonating. 

Moreover, given that the lifespan of a 155mm artillery shell is 20 years, and that production of the M864 round, which began in 1987, terminated in 1996, the vast majority of the M864 artillery shells being provided to Ukraine have reached or exceeded their expiation date, which means that there is an increased probability that many of these shells will not perform as designed.

Likewise, the US government knows that the dud rate is deriven from laboratory-like testing conditions, and not the real-world environment that exists in Ukraine. The fact is that the M864 DPICM round being delivered to Ukraine is neither reliable nor safe as the Biden administration contends.

The M864 is considered by the US military to be 5-15 times as lethal as conventional high-explosive 155mm artillery shells.

This calculation is derived from comparisons made regarding massed infantry and light armor vehicles deployed in the open—a situation which may have existed in 1991, during Operation Desert Storm, where some 25,000 M864 rounds were fired against Iraq.

However, the battlefield Ukraine faces today against Russia is a far cry from Iraq. The Russian defenses that Ukraine is seeking to breach are constructed on uneven terrain and integrate natural and man-made overhead cover. The reality of the actual battlefield conditions will result in a significant degradation of the lethal impact of the DPICM round, given it at best a three-fold advantage and in many cases making it inferior to a conventional high explosive round. In short, the M864 is not a “game changer.” The Ukrainian forces will achieve limited tactical advantage through its employment, and in many cases, see their probability of kill factors drop.

The US decision to provide Ukraine with the M864 DPICM round is driven by one thing and one thing only—the fact that Ukraine is running out of 155mm artillery shells, and the US has nothing left to give Ukraine except the M864.

The drawdown in Afghanistan led to the Department of Defense slashing its artillery acquisition budget in 2021, creating a deficit of production that is only now being addressed in the 2023-24 defense budget. Ukraine’s ambitious counteroffensive is predicated on planning factors built around anticipated availability of 155mm artillery shells.

As things stand, Ukraine will exhaust its supply of 155mm artillery shells prior to any of the objectives set for the counteroffensive having been met. The Biden administration has decided to provide the M864 DPICM round as an emergency stop-gap measure designed to allow Ukraine to sustain its planned rate of fire until which time US and European production of 155mm artillery can be expanded to meet Ukraine’s operational needs, something that isn’t anticipated to occur until mid-2024 at the earliest.

But the provision of artillery shells, whether conventional or DPICM, cannot alter the reality that the Ukrainian military lacks the capabilities necessary to successfully defeat the Russian defenses currently deployed against them. The M864 munition cannot offset Russia's ten-fold superiority in artillery fire, and unchallenged supremacy in the air, where Russian fixed-wing and helicopter assets operate without meaningful opposition while breaking up Ukrainian attacks with precision fire.

 

Asma Jahangir Memorial Lecture in Bangladesh

An address by Dr. Shahidul Alam, a photojournalist and activist from Bangladesh, marks the 2023 Asma Jahangir Memorial Lecture. It is part of an annual lecture series in honor of the late Asma Jahangir, a leading human rights activist from Pakistan who passed away in 2018.

The lecture features an annual address by a distinguished scholar, opinion leader, or activist who addresses issues of democracy and human rights in South Asia.

This event is being organized by the Wilson Center's Asia Program and South Asia Institute, and South Asia Democracy Watch (SDW), a nonprofit organization that promotes social justice, human rights, and equality in South Asia through educational programs, conferences, and symposia.

In his lecture, Alam will speak about his past and current work as a photojournalist documenting rights and democracy in Bangladesh. He will also speak about his past incarceration, his current situation, and the broader state of play with rights and democracy in Bangladesh at present.

Alam has been a photographer for more than 40 years, and his work has been published in most major western media outlets. Much of his work has documented political change and human rights abuses. He founded the Drik Picture Library in 1989, the Pathshala South Asian Media Institute in Dhaka in 1998, and the Chobi Mela International Photography Festival in 1999. 

He is a visiting professor at the University of Sunderland in the UK. His books include Nature's Fury (2007) and My Journey as a Witness (2011).

He has been arrested and jailed for several months in 2018 after criticizing the Bangladesh government's violent response to protests over road safety.

Alam was Time Magazine's 2018 Person of the Year.

 

UAE and India agree to use local currencies for bilateral trade

President of United Arab Emirates (UAE), Sheikh Mohamed Bin Zayed Al Nahyan received Indian Prime Minister Narendra Modi, who is on an official visit to the Emirates.

To boost bilateral trade and investments, Modi announced that India and the United Arab Emirates have agreed to start trade settlement in local currencies.

The Local Currency Settlement System will permit payment from exporters and importers in their respective local currencies, Indian Rupee (INR) or UAE Dirham (AED). This move will also further enable the development of an INR-AED foreign exchange market.

Modi said that he hopes that bilateral trade between the two countries goes past the US$100 billion-mark soon, as it currently stands at US$85 billion.

Upon arrival at Qasr Al Watan in Abu Dhabi, the Indian prime minister’s motorcade was met by a group of Emirati children waving the flags of both countries.

Sheikh Mohamed greeted Modi and those who accompanied him during an official reception ceremony that included a guard of honor welcome, a 21-gun salute, and a performance of the national anthems of India and the UAE.

 “The India-UAE comprehensive strategic partnership has been steadily strengthening and the Prime Minister’s visit will be an opportunity to identify ways to take this forward in various domains such as energy, education, healthcare, food security FinTech, defense and culture,” the Ministry of External Affairs (MEA) said.

It will also be an opportunity to discuss cooperation on global issues, particularly in the context of the UAE’s Presidency of COP-28 and India’s G-20 Presidency in which the UAE is a special invitee, it added.

The UAE and India have agreed to implement the use of local currencies for bilateral and cross border transactions, the announcement was made on the sidelines of Modi’s visit to Abu Dhabi on Saturday.

Minister of State for Foreign Trade Dr. Thani Bin Ahmed Al Zeyoudi, said, a year after their Comprehensive Economic Partnership Agreement (CEPA) took effect, the UAE and India have further strengthened their strategic relations.

In his statement to the Emirates News Agency (WAM), he stressed that the Emirati-Indian strategic partnership has seen positive developments at all levels, including the CEPA, which makes it a global model for how to upscale collaboration and partnership ties to higher levels that achieve mutual growth, create opportunities for business communities, stimulate entrepreneurship, and support sustainable development.

He noted that this would not be achieved without the shared keenness and unlimited support of the leaderships of the two countries.

He added that the UAE and India had entered a new phase of shared prosperity due to the CEPA that took effect a year ago, which has boosted key sectors in both countries, most notably non-oil trade and mutual investment.

In the first year of the partnership, their non-oil trade reached US$50.5 billion, growing by 5.8%YoY, and compared to the previous year, from May 2020 to April 2021, non-oil trade grew by 53.5%, he added.

It increased by 36.1% as compared to the same period in 2019-2020, and by 29.6% compared to the same period in 2018-2019, Al Zeyoudi further said.

He stressed that the UAE-India partnership agreement boosted non-oil exports from the UAE, which reached US$10.3 billion in the year of its implementation, a rise of 18.6% compared to the same period during 2020-21.

Al Zeyoudi noted the UAE’s ongoing investment in India, which was driven by the impressive growth of one of the world’s fastest-growing economies.

As per the latest official data released this year, the UAE invested US$36.61 billion in various sectors, including financial services, real estate, business services, alternative and renewable energy, engine manufacturing, equipment, and more.

The UAE has chosen India as the first country to sign a comprehensive economic partnership agreement with, in light of their strong strategic ties.

India is a key ally and partner for the UAE in trade and investment, and they have a long history of friendship. This is also India’s first agreement of this kind with a country in the Middle East and North Africa region.

Saturday, 15 July 2023

Pakistan Stock Exchange benchmark index posts 1.9%WoW gain

Pakistan Stock Exchange witnessed bullish sentiments during the first three trading sessions. However, profit-taking by investors resulted in market closing in red during the last two sessions. Still the benchmark index managed to gain 861 points during the week ended on July 15, 2023 and close at 45,068 points, up 1.9%WoW.

Market participation remained healthy with daily traded volume averaging at 352 million shares as compared to an average of 265 million shares during the earlier week up 33%WoW.

The market performance was characterized by the IMF’s executive board’s approval of the SBA (Stand-By Arrangement) and the inflow of US$1.2 billion. Additional support was provided by influx of US$2.0 billion from Saudi Arabia and US$1.0 billion from United Arab Emirates. The inflows would reflect in the next week's reserve numbers held by State Bank of Pakistan (SBP) which are anticipated to cross US$8 billion mark after 9 months. As of July 07, SBP held reserves were reported at US$4.5 billion.  As a result PKR gained 0.11%WoW to close at PKR277.6/ US$ parity.

Other major news flows during the week included: 1) steps taken to broaden tax base, 2) July-May LSMI output declined 9.87%YoY, 3) FY23 remittances fall 13.6%YoY to US$27 billion, 4) car sales plunged 82% in June and 59% in the last financial year, 5) GoP announced to mobilize additional PKR3.2 trillion from power consumers and 6) during Jan-May period 4.88 million mobile phones manufactured in country.

Chemical, Automobile Parts & Accessories, and Leather & Tanneries emerged the top performers. Close-End Mutual Fund, Technology & Communication, and Textile Spinning were amongst the worst performers.

Flow-wise, major net selling was recorded by Mutual Funds with a net sell of US$5.97 million. Individual absorbed most of the selling with a net buy of US$3.93mn.

Top performing scrips were: during the week were: UNITY, HCAR, COLG, PSMC, and AIRLINK, while laggards included: GADT, UPFL, SHEL, PGLC, and TRG.

Stock market is expected to remain positive, owing to growing foreign exchange reserves and consequent improvements in the PKR/ US$ parity.

At present market offers attractive valuation. However, upcoming results may exert pressure on bullish sentiment due to the retrospective imposition of the super tax.

Investors are advised to follow a cautious approach in the selection of scrips and focus on stocks with dollar-denominated revenue streams (Tech and E&Ps) and companies with healthy dividend-yields.

 

 

Britain to join trans-Pacific trade pact

Britain on Sunday formally signed the treaty to join a major trans-Pacific trade pact, becoming the first country to take part since its inception in 2018 and opening the way for members to consider other applications including from China and Taiwan.

The signing was part of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) commission meeting being held in New Zealand.

Ministers from member countries will meet later on Sunday to discuss a range of topics, including how to move forward with new applications and a review of the agreement itself.

Britain's Business and Trade Secretary, Kemi Badenoch said at the signing that her country was delighted to become the first new member of the CPTPP.

"This is a modern and ambitious agreement and our membership in this exciting, brilliant and forward looking bloc is proof that the UK's doors are open for business," Badenoch said.

The British government still needs to ratify the agreement.

The CPTPP is a landmark trade pact agreed in 2018 between 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Britain will become the 12th member of the pact that cuts trade barriers, as it looks to deepen ties in the Pacific after its exit from the European Union in 2020.

China, Taiwan, Ukraine, Costa Rica, Uruguay and Ecuador have also applied to join the CPTPP.

New Zealand Prime Minister Chris Hipkins said the road to bringing Britain into the agreement had been long and at times challenging, but having major economies inside the partnership would bring the Atlantic to the Indo-Pacific in a way that strengthened the rules-based trading system in the region.