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Bill and Melinda Gates to divorce, but charitable foundation to remain intact

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Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage but pledged to continue their philanthropic work together.

The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease.

The Gates have backed widely praised programs in malaria and polio eradication, child nutrition and vaccines. The foundation last year committed some $1.75 billion to COVID-19 relief.

In a joint petition for dissolution of marriage, the couple asserted their legal union was “irretrievably broken,” but said they had reached agreement on how to divide their marital assets. No details of that accord were disclosed in the filing in King County Superior Court in Seattle.

Bill Gates, 65, who co-founded Microsoft Corp (MSFT.O), and his spouse, Melinda French Gates, 56, met after she joined the software giant as a product manager, and they dated for a few years before marrying in January 1994 in Hawaii.

“After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the two said in a joint statement posted on each of their individual Twitter accounts.

“We no longer believe we can grow together as a couple in the next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life,” they said.

The divorce petition, which states that the couple have no minor children, comes after the youngest of their three offspring recently turned 18.

Launched in 2000, the nonprofit Bill & Melinda Gates Foundation ranks as the largest private philanthropic foundation in the United States and one of the world’s biggest, with net assets of $43.3 billion at the end of 2019, according to the latest full-year financials shown on its website.

From 1994 through 2018, the couple gifted more than $36 billion to the Seattle-based foundation, the website said.

Last year, investor Warren Buffett reported donating more than $2 billion of stock from his Berkshire Hathaway Inc (BRKa.N) to the Gates Foundation as part of previously announced plans to give away his entire fortune before his death.

‘NO CHANGES TO THEIR ROLES’

In their divorce petition, the couple asks the court “to dissolve our marriage” and to divide their communal property, business interests and liabilities “as set forth in our separation contract,” though that accord was not made public.

Bill Gates is ranked No. 4 on the Forbes list of the world’s wealthiest individuals, with an estimated $124 billion fortune.

In a separate statement, the Gates Foundation said the couple would remain as co-chairs and trustees of the organization.

“They will continue to work together to shape and approve foundation strategies, advocate for the foundation’s issues, and set the organization’s overall direction,” the foundation’s statement said.

The split comes two years after another leading Seattle-based billionaire and philanthropist, Amazon.com Inc (AMZN.O) founder Jeff Bezos, said that he and his then-wife, MacKenzie, were getting divorced.

At least one critic of billionaire benefactors cited the Gates’ split as a cautionary tale in the wisdom of concentrating so much sway over global humanitarian issues under the control of super-wealthy individuals.

“The Gates divorce will do more than upend a family’s life. It will ramify into the worlds of business, education, public health, civil society, philanthropy, and beyond,” Anand Giridharadas, author of the book “Winners Take All” told Reuters.

“That is because our society has made the colossal error of allowing wealth to purchase the chance to make quasi-governmental decisions as a private citizen,” he said.

Gates dropped out of Harvard University to start Microsoft with school chum Paul Allen in 1975. Gates owned 49% of Microsoft at its initial public offering in 1986, which made him an instant multimillionaire. With Microsoft’s explosive growth, he soon became one of the world’s wealthiest individuals.

After an executive tenure in which he helped transform the company into one of the world’s leading technology firms, Gates stepped down as CEO of Microsoft in 2000 to focus on philanthropy. He remained chairman until 2014 and left the company’s board in March 2020.

Known in the technology industry as an acerbic and ruthless competitor, Gates drew the ire of rivals and eventually the U.S. government for Microsoft’s business practices.

The software giant was convicted of antitrust violations in the late 1990s. But the verdict was overturned on appeal, and the company then settled the case out of court.

Gates’ public persona softened into an avuncular elder statesman as he turned his attention to philanthropy, and he has largely steered clear of the many controversies currently roiling the technology business.

Melinda French Gates, who recently added her maiden name on most of her websites and social media, was raised in Dallas and studied computer science and economics at Duke University before joining Microsoft.

In 2015 she founded Pivotal Ventures, an investment company focused on women and families, and in 2019 published a book, “The Moment of Lift”, centered on female empowerment.

World

Trump says further US attacks on Iran ‘highly unlikely’ as peace talks gain momentum

Although Trump played down the prospect of renewed attacks, he warned that US forces remained prepared to respond if circumstances changed.

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US President Donald Trump has said further American military strikes against Iran are “highly unlikely”, signalling a possible shift towards de-escalation as diplomatic efforts to end the conflict gather momentum.

Speaking to reporters at the White House on Monday, Trump said Iran was effectively defeated militarily and suggested Washington was prepared to maintain the current situation while negotiations continued.

“Iran militarily is effectively over,” Trump said, adding that there was “positive momentum” behind efforts to reach an agreement.

“We’re just keeping it the status quo,” he said, explaining that the decision was largely being taken at the request of neighbouring countries.

Although Trump played down the prospect of renewed attacks, he warned that US forces remained prepared to respond if circumstances changed.

“We’re locked and loaded,” he said, while describing further strikes as “highly unlikely”.

The comments come amid growing pressure on the Trump administration to bring the conflict to an end, following bruising midterm election results for Republicans last week. 

Several senior party figures, including Vice-President JD Vance, have pointed to the war as a factor behind the party’s poor performance.

Trump had previously indicated that US forces carried out what he described as limited strikes on an Iranian island near the strategically important Strait of Hormuz. 

However, in a television interview broadcast on Sunday, he said he currently saw no reason to escalate the military campaign.

He also stopped short of formally declaring the war over, arguing that Washington still had to protect its Gulf allies from possible Iranian attacks.

The US naval blockade of Iranian ports, he suggested, was helping maintain security across the region.

Global oil prices fell further following Trump’s latest remarks, with Brent crude dropping more than 1% to around $91.50 a barrel, while US crude also declined.

Gulf diplomacy intensifies

Trump’s comments followed a meeting with Qatari Prime Minister Sheikh Mohammed bin Abdul Rahman Al Thani at the White House on Monday.

The US president described their discussions as excellent, while the Qatari leader said he had held positive talks with Trump and Vance on reaching an agreement and restoring regional peace.

Diplomatic efforts to end the conflict have largely been conducted through intermediaries since the war erupted following joint US-Israeli strikes against Iran in February.

Saudi Arabia, Qatar and the United Arab Emirates are among Washington’s Gulf partners that have been targeted by Iranian attacks during the conflict, while security concerns have also caused significant disruption to regional air travel.

Political pressure mounts in Washington

Meanwhile, the war is generating further political tensions in Washington.

Republican Congressman Thomas Massie on Monday announced plans to force a House of Representatives vote this week on impeaching Defence Secretary Pete Hegseth over his handling of the conflict.

Hegseth, who has received Trump’s backing, dismissed the threat, describing Massie’s effort as a “sham”.

The impeachment initiative is unlikely to succeed while Republicans retain control of Congress. However, Democrats have indicated they could pursue the matter when the new congressional session begins in January.

For Trump, the challenge is increasingly twofold: finding a diplomatic exit from the conflict while managing mounting political pressure at home and reassuring US allies across the Gulf.

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First Muslim US senator-elect El-Sayed calls for review of aid to Pakistan

He also called for restrictions on US arms sales to Israel, alleging that some American-supplied weapons were being used in actions involving what he described as genocide and apartheid.

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Abdul El-Sayed, the first Muslim elected to the US Senate, has called on Washington to reconsider its financial and military assistance to Pakistan and several other countries, arguing that American taxpayer money should not be used to support violations of international law.

El-Sayed, a Democrat who recently defeated Republican candidate Mike Rogers in Michigan, said the United States must ensure that its foreign assistance policies are consistent with international law.

In an interview with ABC, he stressed that the issue should not be limited to Israel, but should also include Pakistan, Egypt and Jordan.

“When we are giving money to a country that is using our money to violate international law, that seems to me a good place to start,” El-Sayed said.

His remarks come after US President Donald Trump announced plans to end approximately $4 billion in annual military assistance to Israel by the end of the year.

El-Sayed welcomed Trump’s proposal to reduce military aid to Israel, saying he agreed with the president’s approach.

He also called for restrictions on US arms sales to Israel, alleging that some American-supplied weapons were being used in actions involving what he described as genocide and apartheid.

The United States currently provides Israel with $3.8 billion in annual military assistance under an agreement that remains in effect until 2028.

However, El-Sayed’s criticism extends beyond Israel. He has also questioned US military assistance to Egypt, Saudi Arabia, Jordan and Pakistan, arguing that American taxpayer money should instead be directed towards domestic priorities.

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Houthi-run health ministry says airstrikes kill 33 near Yemen capital

The ministry said the strikes ​hit homes in the town of Bani Hushaysh, a Houthi stronghold ​east of Sanaa, and that most of those killed were women and children.

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At least 33 people were killed and 39 wounded in what the Houthi-run Saba news agency said ​were Saudi airstrikes on a village near Yemen’s capital Sanaa ‌on Saturday, in one of the deadliest reported attacks since fighting between Saudi Arabia and the Iran-aligned group resumed in July.

Reuters could not independently verify the account. ​Saudi Arabia’s Center for International Communication said it was investigating the report.

The ​renewed fighting between Saudi Arabia and the Houthis has shattered ⁠a 2022 UN-brokered truce that largely halted attacks between the Saudi-led ​coalition and the group, which controls Sanaa. The Houthis have since launched ​missile and drone attacks on Saudi airports and oil facilities, while Riyadh has carried out airstrikes in Yemen in support of its Yemeni allies.

The ministry said the strikes ​hit homes in the town of Bani Hushaysh, a Houthi stronghold ​east of Sanaa, and that most of those killed were women and children.

Abdul-Aziz al-Dailami, ‌director ⁠of Sehatuna Hospital in Sanaa, said many victims remained trapped under the rubble, including first responders.

“The strikes keep coming. Just as rescuers arrive, another strike hits. We have even lost some of our own medical responders, ​who have been martyred,” ​he told Reuters.

“We ⁠received a number of wounded individuals in very critical condition, with injuries to the head, chest and legs, ​as well as fractures,” al-Dailami added.

The fighting, a spillover ​from the ⁠wider US-Iran conflict, has revived a complex 12-year war in Yemen that has caused one of the worst humanitarian crises globally and fragmented the Arab world’s most ⁠impoverished ​country.

The number of people displaced since the ​latest round of fighting began has climbed to more than 200,000, the International Organization for Migration said ​in October.

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