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Mike Bloomberg: Israel’s judicial reforms could make Brexit’s economic effects look like ‘bubkes’
(JTA) — Mike Bloomberg, the billionaire philanthropist and former New York mayor, is the latest pro-Israel stalwart to warn that Prime Minister Benjamin Netanyahu’s proposed judicial reforms could be catastrophic.
“Close allies bound together by shared values stand together in times of need — not only to support each other but to reaffirm the inviolable obligations we have to defend those values,” Bloomberg said Sunday in a New York Times op-ed. “And that is why I am standing up again now.”
Bloomberg, who served three terms as New York’s mayor and briefly ran as a Democrat for president in 2020, is the latest prominent Jewish figure who was often at the forefront of defending Israel to now say Netanyahu’s reforms, which would gut the independence of the judiciary, are endangering the country. Others have included Times columnist Bret Stephens, constitutional lawyer Alan Dershowitz and the former director of the Anti-Defamation League, Abe Foxman.
Bloomberg noted how, as New York mayor in 2014, he defied a Federal Aviation Administration order not to fly to Israel during its war that summer with Hamas. He also listed his philanthropic endeavors in Israel, including a health center named for his mother.
Bloomberg, who made his billions of dollars with his eponymous financial news and data firm, said Netanyahu’s planned reforms were harming the economy that he helped open up in his previous terms as prime minister.
“Unless he changes course, Mr. Netanyahu risks throwing all that progress — and his own hard-earned legacy — away,” Bloomberg wrote.” The economic damage could make the cost being paid by the United Kingdom for Brexit look like bubkes.” Britain’s economy has yet to recover from its withdrawal from the European Union.
Foreign investors have warned against investing in Israeli companies, the shekel’s value has fallen sharply and some Israeli companies have moved their money into overseas accounts to protest the judicial legislation and guard against its potential economic effects.
Bloomberg said he could understand why companies were pulling out of Israel, noting the protection that Israel’s courts have extended to women and minorities, including Arab and LGBTQ Israelis.
“In a disturbing sign, some people have already begun pulling money out of the country and re-evaluating their plans for future growth there,” he said. “As the owner of a global company, I don’t blame them. Companies and investors place enormous value on strong and independent judicial systems because courts help protect them — not only against crime and corruption but also government overreach. Just as important, they protect what their employees value most: individual rights and freedoms.”
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Greece Plans Extension of Territorial Waters Despite Turkish Warning
Greek Foreign Minister George Gerapetritis attends a joint press conference at the Foreign Ministry in Athens, Greece, Oct/ 14, 2025. Photo: REUTERS/Stelios Misinas
Greece plans to extend its territorial waters further, including potentially in the Aegean Sea, Foreign Minister George Gerapetritis said on Friday, despite Turkey’s long-standing threat of war should Athens take such a step.
The NATO allies, but historic rivals, have eased tensions in recent years but remain at odds over where their continental shelves begin and end in the Aegean – an area believed to hold significant energy potential and with implications for overflights and airspace.
Greece has already extended its territorial waters in the Ionian Sea to 12 nautical miles from six, following agreements with Italy, and it has signed a maritime delimitation deal with Egypt in the eastern Mediterranean.
But it has avoided similar moves in the Aegean, where Ankara objected sharply.
In 1995, the Turkish parliament declared a “casus belli,” or cause for war, if Greece unilaterally extended its waters beyond six nautical miles in the Aegean, a position Athens says violates international maritime law.
Answering questions in parliament on Friday, Gerapetritis said further expansion was expected.
“Today, our sovereignty in the Aegean Sea extends to six nautical miles,” Gerapetritis said. “As there was an agreement with Egypt, as there was an agreement with Italy, there will also be a (further) extension of the territorial waters.”
He didn’t specify which maritime areas could be extended.
Turkey’s Foreign Ministry was not immediately available for comment.
In July, Greece took another step by unveiling the boundaries of two planned marine parks in the Ionian and Aegean seas. The Aegean park, covering 9,500 square kilometers (3,668 square miles), would initially expand around the southern Cyclades islands, further south of Turkey, according to the maps submitted by Athens. The announcement has drawn objections from Ankara.
Greece says the only issue it is prepared to discuss with Turkey is the demarcation of their maritime zones, including the continental shelf and an exclusive economic zone.
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Lebanon Detains Syrian Who Helped Funnel Funds to Pro-Assad Fighters, Sources Say
A person gestures next to a burning picture of President Bashar al-Assad, after rebels seized the capital and ousted the president, in Qamishli, Syria, Dec. 8, 2024. Photo: REUTERS/Orhan Qereman
Lebanon has arrested a Syrian national who was helping senior associates of ousted president Bashar al-Assad finance fighters as part of a plot to destabilize Syria’s new ruling order, four sources familiar with the matter told Reuters on Friday.
Ahmad Dunya was detained earlier this week, according to two Lebanese security sources and two of his former associates. The Lebanese security sources did not say what charges were linked to his arrest or if he would be extradited to Syria.
Reuters could not immediately reach Dunya or his legal counsel for comment.
His arrest came nearly a month after top Syrian security officials asked Lebanon to track down and hand over more than 200 officers who fled there after Assad was overthrown by rebel forces in December 2024 following 14 years of civil war.
That request followed a Reuters investigation that detailed rival plots being pursued by former Assad cohorts to finance potential Alawite militant groups in Lebanon and along the Syrian coast through financial intermediaries.
Dunya was one of those intermediaries and funneled money from Rami Makhlouf, Assad‘s billionaire cousin who now lives along with the ex-Syrian dictator in exile in Moscow, to prospective fighters in Lebanon and Syria, Reuters found.
A former associate of Dunya’s and a Syrian figure close to Makhlouf both confirmed that Dunya was a key financial conduit for his funds and was detained in Lebanon. The two sources said he managed extensive financial records, including payroll tables and financial receipts.
In recent months, Dunya had been skimming off the top of Makhlouf’s transfers, according to the two Syrian sources.
The Reuters investigation found that Makhlouf had spent at least $6 million on salaries and equipment for prospective fighters. Some of the financial records uncovered claimed that Makhlouf spent $976,705 in May, and that one group of 5,000 fighters received $150,000 in August.
A Lebanese security source said there were likely dozens of other financial handlers like Dunya still operating in Lebanon on behalf of Assad‘s former associates.
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Kremlin Says Putin Is Mediating in Iran Situation to Try to Deescalate
Russian President Vladimir Putin speaks on the day he attends a documents signing ceremony with Iranian President Masoud Pezeshkian in Moscow, Russia, Jan. 17, 2025. Photo: REUTERS/Evgenia Novozhenina/Pool
President Vladimir Putin is mediating in the Iran situation to try to quickly deescalate tensions, the Kremlin said on Friday, after the Russian leader spoke to Israeli Prime Minister Benjamin Netanyahu and Iranian President Masoud Pezeshkian.
Moscow, an ally of Tehran, has condemned US President Donald Trump’s threats of new military strikes after Iran cracked down on protests that broke out late last month.
Israel and the US last year both bombed Iranian nuclear sites, and Iran fought a 12-day war with Israel.
Russia has pursued closer ties with Iran since the start of its war in Ukraine, and Putin last year signed a 20-year strategic partnership pact with Pezeshkian. Moscow also has a long-established working relationship with Israel.
Putin in his call with Netanyahu expressed Russia’s willingness to “continue its mediation efforts and to promote constructive dialogue with the participation of all interested states,” the Kremlin said, adding he had set out his ideas for boosting stability in the Middle East.
No further details were given on Putin‘s mediation attempt.
Putin had then been briefed by Pezeshkian in a separate call on what the Kremlin called Tehran’s “sustained efforts” to normalize the situation inside Iran.
“It was noted that Russia and Iran unanimously and consistently support deescalating the tensions — both surrounding Iran and in the region as a whole — as soon as possible and resolving any emerging issues through exclusively political and diplomatic means,” the Kremlin said.
Putin and Pezeshkian had confirmed their commitment to their countries’ strategic partnership and to implementing joint economic projects, the Kremlin added.
WESTERN SANCTIONS
Separately, the Shanghai Cooperation Organization, which includes Russia, China, India, and Iran among others, said it opposed external interference in Iran and blamed Western sanctions for creating conditions for unrest.
“Unilateral sanctions have had a significant negative impact on the economic stability of the state, led to a deterioration in people’s living conditions and objectively limited the ability of the Government of the Islamic Republic of Iran to implement measures to ensure the country‘s socio-economic development,” the SCO said in a statement.
Protests erupted on Dec. 28 over soaring inflation in Iran, whose economy has been crippled by sanctions, before spiraling into one of the biggest challenges yet to the clerical establishment ruling Iran since the 1979 Islamic Revolution.
Any threat to the survival of the Iranian leadership would pose a serious concern for Moscow, 13 months after it lost another key Middle East ally with the toppling of Syrian President Bashar al-Assad. Earlier this month another Russian ally, Venezuelan President Nicolas Maduro, was captured by the United States and brought to New York to face drug trafficking charges.
Asked what support Russia could provide to Iran, Kremlin spokesman Dmitry Peskov said: “Russia is already providing assistance not only to Iran but also to the entire region, and to the cause of regional stability and peace. This is partly thanks to the president’s efforts to help deescalate tensions.”
Western powers accuse Iran of having a clandestine agenda to develop nuclear weapons, something Tehran denies. Russia says it supports Iran‘s right to peaceful nuclear energy.