Lebanon Repeals ‘Marry the Rapist’ Law

Wedding dresses displayed in Beirut, Lebanon, by the women’s rights group Abaad in April to protest a law that allowed rapists to avoid prosecution by marrying their victims. Credit Patrick Baz/Agence France-Presse
Wedding dresses displayed in Beirut, Lebanon, by the women’s rights group Abaad in April to protest a law that allowed rapists to avoid prosecution by marrying their victims. Credit Patrick Baz/Agence France-Presse
TT

Lebanon Repeals ‘Marry the Rapist’ Law

Wedding dresses displayed in Beirut, Lebanon, by the women’s rights group Abaad in April to protest a law that allowed rapists to avoid prosecution by marrying their victims. Credit Patrick Baz/Agence France-Presse
Wedding dresses displayed in Beirut, Lebanon, by the women’s rights group Abaad in April to protest a law that allowed rapists to avoid prosecution by marrying their victims. Credit Patrick Baz/Agence France-Presse

After a long strive by the women authorities and the civil society in Lebanon, the Lebanese Parliament repealed a law (Article 522) that allowed rapists to evade punishment by marrying their victims. However, the decision was seen insufficient.

Lebanese Women Affairs Minister Jean Oghassabian was the first to object and tweeted that he welcomes the repeal of article 522, but shows reservation over preserving articles 505 and 518, since there are no exceptions in the rape crime.

He added that articles 505 and 518 stipulate that the rapist will not be prosecuted if he marries the underage – between 15 and 18 years old.

Following protests of organizations and associations in the civil community, the article was finally abolished – in the beginning of August, Jordan enacted a similar law that punishes the rapist instead of exempting him if he marries the victim.

Director of KAFA Zoya Rouhana stated to Asharq Al-Awsat that the “parliament step is incomplete, as usual. It maintained two articles that legalize the marriage of the underage instead of repealing them as we were demanding.”

Rouhana explained that articles from 503 to 521 tackle various kinds of sexual crimes, however the following article 522 sums them up stipulating that the rapist is exempted from the punishment in case he marries the victim.

“But the parliament excluded articles 505 and 518 that still allow the rapist to evade punishment if he marries the victim. This makes Jordan better than Lebanon and shows that their legislations are braver,” she added.

Oghassabian stated that the ministry will propose before the cabinet a bill to abolish these two oppressive articles that encourage marrying the underage.



Trump Media to Merge with Nuclear Fusion Company that Wants to Power AI

FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.  (AP Photo/John Minchillo, File)
FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)
TT

Trump Media to Merge with Nuclear Fusion Company that Wants to Power AI

FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.  (AP Photo/John Minchillo, File)
FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

The combined company says it plans to find a site and begin construction next year on the “world’s first utility-scale fusion power plant,” with aims to provide the electricity needed for artificial intelligence.

Shares of Trump Media & Technology, the parent company of President Donald Trump's Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.

Backed by Google and other investors, TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

“We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations," The Associated Press quoted Nunes as saying in a prepared statement.

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nations' International Atomic Energy Agency. It's been seen as a promising solution to climate change caused by burning fossil fuels, but one that is a long way off compared to today's clean technologies like wind and solar.

TAE and Trump Media shareholders will each own approximately 50% of the combined company.

Trump is by far the largest stakeholder in Trump Media, owning 41% of all outstanding shares.

In October, the US Department of Energy released what it called a “roadmap” for fusion technology, with the aim of fostering “a burgeoning fusion private sector industry in the US toward maturity on the most rapid timeline.”

A number of tech companies, including Google, Microsoft and OpenAI CEO Sam Altman, have shown interest in fusion technology as a way of powering the energy-hungry data centers needed to build and run their AI products.

TAE and Trump Media say the transaction values each TAE common stock at $53.89 per share.

At closing, Trump Media & Technology Group will be the holding company for Truth Social and TAE, along with its subsidiaries TAE Power Solutions and TAE Life Sciences.


Saudi Interior Minister Meets with Kazakh Counterpart

The Saudi Minister of Interior met on Thursday with his Kazakh counterpart in Riyadh. SPA
The Saudi Minister of Interior met on Thursday with his Kazakh counterpart in Riyadh. SPA
TT

Saudi Interior Minister Meets with Kazakh Counterpart

The Saudi Minister of Interior met on Thursday with his Kazakh counterpart in Riyadh. SPA
The Saudi Minister of Interior met on Thursday with his Kazakh counterpart in Riyadh. SPA

Saudi Minister of Interior Prince Abdulaziz bin Saud bin Naif bin Abdulaziz received in Riyadh on Thursday Kazakhstan’s Minister of Internal Affairs Yerzhan Sadenov.

During the meeting, they discussed ways to enhance security cooperation between the two ministries, in addition to reviewing a number of topics of mutual interest.


Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
TT

Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

Lululemon Athletica shares rose nearly 8% in early trading on Thursday after reports Elliott Management has built a $1 billion stake in the athleisure wear maker and is working with former Ralph Lauren executive Jane Nielsen for a potential CEO role.

The Canada-based retailer said last week that Calvin McDonald will step down after nearly seven years as its top boss, sparking hopes for a leader who can reverse slowing growth and win back younger shoppers amid fierce competition from trendier players like Alo and Vuori. The stock has lost nearly half of its value this year, underscoring investor concerns over Lululemon's struggles. The company's shares were trading at $224 on Thursday.

"Elliott is famous for agitating for change. These positions aren't built overnight, so Lululemon's board probably saw this coming," said Brian Jacobsen, chief economic strategist, Annex Wealth Management.

The activist investor has been working closely for months with Nielsen, a retail veteran, a source told Reuters on Wednesday. Nielsen, who sits on the board of Cadbury parent Mondelez, has also served as finance chief at Tapestry-owned Coach.

"Lululemon is one of the most powerful brands in retail, defined by exceptional products, deeply engaged communities and significant global potential," Nielsen said in a statement to the Wall Street Journal. "I would welcome the chance to discuss this opportunity with the Lululemon board."

Elliott, Lululemon and Nielsen did not respond to Reuters requests for comment.

Analysts have said the company will need to upgrade its fabrics, use fresher designs and accelerate product launches that click with Gen Z to reclaim its "cool factor" and lure shoppers back.

With much of its sourcing tied to Asian factories facing higher import duties, Lululemon will also need to streamline its supply chain to blunt US tariff pressures and protect margins next year, analysts have said.

"Lululemon should implement fast fashions and introduce an assortment that will pull customers from Alo and Vuori - especially Gen Z customers.

Fast fashion requires a much better supply chain than is currently in use at Lululemon," said Brittain Ladd, a strategy and supply chain consultant at Florida-based Chang Robotics.

The brand's struggles have drawn sharp criticism from founder and largest individual shareholder Chip Wilson. He has also called for an urgent CEO search, led by new, independent directors with deep company knowledge to restore a product-first focus.

Wilson did not respond to a Reuters request for comment.

With a 4.3% ownership, Wilson's stake is valued at about $988 million, according to LSEG data, making Elliott one of the top shareholders in Lululemon, which is valued at nearly $25 billion.

Lululemon trades at a forward price-to-earnings ratio of 16.37, while Gap trades at 11.88 and American Eagle at 16.81, according to LSEG data.