|

Biden warns of ongoing danger in evacuatiing Kabul

US President Joe Biden has warned that there is a long way to go and a lot could still go wrong'' with respect to evacuation Afghanistan.

Biden has warned of possible terror attacks and acknowledged that he may be forced to push back his deadline for leaving Afghanistan.

In a televised address from the White House, Biden said the administration's first priority in Kabul is getting American citizens out as soon as possible.

"It's an incredible operation," Biden said. But, he added, "the evacuation of thousands of people from Kabul is going to be hard and painful" no matter when it began. "There is no way to evacuate this many people without pain and loss," Biden said.

''Biden, speaking Sunday at the White House, declined to give details about “tactical changes we’re making” given the developments, saying it was “still a dangerous operation.” Meanwhile, the nation’s exiled central bank chief says Afghanistan’s new Taliban-led government faces a series of shocks that will likely lead to a weaker currency, faster inflation and capital controls,'' Bloomberg wrote. 

Meanwhile, planes that are leaving from Kabul with civilians have been cited as a risk in terms of terror threats,.

However, they are landing in military bases and transit centres around the world and not flying directly into the US.

The US is conducting security screening for anyone who is not a US citizen or a lawful permanent resident, Biden said.

"Once screened and cleared, we will welcome these Afghans who helped us in the war effort over the last twenty years, to their new home in the United States of America. Because that's who we are. That's who America is."

Markets are keeping eye on the situation.

Financial market indices reacted negatively to the news last week, with investors keenly watching to see how the world leaders would react to the situation.

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

GBP/USD nudges higher above 1.3350 despite Middle East turmoil

The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid cooler-than-expected UK inflation data and escalating tensions in the Middle East. Traders will take more cues from the UK Retail Sales report, which is due later on Friday. 


EUR/USD advances ahead of ECB policy decision

EUR/USD extends its gains for the second consecutive day, trading around 1.1410 during the Asian hours on Thursday. The pair gains ground as the Euro finds solid support ahead of the European Central Bank's upcoming interest rate decision.

Gold extends range play above $4,100 as inflation fears lift Fed hike bets and cap gains

Gold consolidates above the $4,100 round figure through the Asian session, and seems to have stalled its modest pullback from an over two-week high touched the previous day. Crude oil prices climb to a fresh high since June 11 amid a further escalation of tensions between the US and Iran, fueling inflation fears and bolstering US Fed interest rate hike expectations.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Ripple and Stellar await direction amid cautious sentiment

Ripple and Stellar trade cautiously as both tokens hover around key technical levels. XRP is testing resistance at its 50-day EMA, while XLM continues to consolidate around the $0.187 support zone. Meanwhile, mixed derivatives data with a slight bearish tilt suggests traders remain cautious, keeping the next directional move uncertain.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?
The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.