To counter China, Australia plans $1.5 billion Pacific infrastructure fund

Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans. To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily thro


Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans. To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily thro
To counter China, Australia plans $1.5 billion Pacific infrastructure fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, 15, morrison, develop, fund, relations, infrastructure, billion, pacific, countries, australia, china, counter, plans


To counter China, Australia plans $1.5 billion Pacific infrastructure fund

Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region.

Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans.

China has spent $1.3 billion on confessional loans and gifts since 2011 to become the Pacific’s second-largest donor after Australia, stoking concern in the West that several tiny nations could end up overburdened and in debt to Beijing.

To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily through a new infrastructure fund.

“This $2 billion infrastructure initiative will significantly boost Australia’s support for infrastructure development in Pacific countries and Timor Leste,” according to a speech Morrison is due to deliver in the state of Queensland and seen by Reuters.

“It will invest in essential infrastructure such as telecommunications, energy, transport, water, and it will stretch our aid dollars further.”

Foreign policy analysts say Australia’s new infrastructure fund will test Australia’s already cool relations with China, its largest trading partner.

“This announcement will be a gauge of whether Australia can improve relations with Beijing while doing things that would have previously annoyed China,” said Nick Bisley, professor of international relations at Melbourne’s La Trobe University.

Ties between the two countries have been strained since Australia accused China of meddling in its domestic affairs late last year.

Australia’s Foreign Minister Marise Payne will on Thursday meet her Chinese counterpart in Beijing, the first visit by a senior Canberra in two years after bilateral relations soured.

Australia has already this year pledged to develop several infrastructure projects in the Pacific but it has been forced to raid its aid budget to fund the projects.

In May, Australia said it would spend about A$200 million to develop an undersea internet cables to Papua New Guinea (PNG) and the Solomon Islands amid national security concerns about China’s Huawei Technologies.

Earlier this month, Australia said it would help PNG develop a naval base, beating out China as a possible partner for the port development.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, 15, morrison, develop, fund, relations, infrastructure, billion, pacific, countries, australia, china, counter, plans


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Singapore revises property rules to counter ‘shoebox apartment’ problem

Singapore has announced stricter guidelines on the maximum number of units in new blocks of private flats and condominiums in a move to tackle what authorities have called “excessive development of shoebox units” in the island-state. The new rules reduce “developers’ leeway to prop up profit margins by launching smaller units,” said Christine Li, head of Singapore research at consultancy Cushman and Wakefield. The guidelines apply to applications for developments outside the city’s central area


Singapore has announced stricter guidelines on the maximum number of units in new blocks of private flats and condominiums in a move to tackle what authorities have called “excessive development of shoebox units” in the island-state. The new rules reduce “developers’ leeway to prop up profit margins by launching smaller units,” said Christine Li, head of Singapore research at consultancy Cushman and Wakefield. The guidelines apply to applications for developments outside the city’s central area
Singapore revises property rules to counter ‘shoebox apartment’ problem Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: munshi ahmed, bloomberg, getty images
Keywords: news, cnbc, companies, apartment, unit, revises, guidelines, area, square, rules, number, shoebox, counter, problem, units, including, maximum, singapore, property, developers


Singapore revises property rules to counter 'shoebox apartment' problem

Singapore has announced stricter guidelines on the maximum number of units in new blocks of private flats and condominiums in a move to tackle what authorities have called “excessive development of shoebox units” in the island-state.

Shares of some real estate firms, including City Developments, UOL Group and Oxley Holdings, fell in Thursday morning trade, underperforming the broader market.

The new rules reduce “developers’ leeway to prop up profit margins by launching smaller units,” said Christine Li, head of Singapore research at consultancy Cushman and Wakefield.

The guidelines apply to applications for developments outside the city’s central area received on or after Jan. 17 next year. They tighten rules first introduced in 2012.

Singapore this year unveiled its strongest property cooling measures in five years, including extra taxes on developers that had been paying record sums to buy land for residential use.

“With the revised guidelines, developers are encouraged to provide a wide range of unit sizes that will cater to the diverse needs of all segments of the market, including larger families,” the Urban Redevelopment Authority said in a circular posted on its website on Wednesday.

“The guidelines will also help moderate the reduction in dwelling unit sizes, safeguard the liveability of our residential estates and ensure that the local infrastructure will not be overly strained,” it added.

Under the revised rules, the maximum number of dwelling units per development will be calculated by a proposed building’s gross floor area divided by 85 square meters, versus 70 square meters under the current rules.

The new guidelines also added more areas of the island where the maximum number of units are calculated by total area divided by 100 square meters.

Cushman’s Li estimated that the 85 and 100 square metre limit would reduce the number of units by 18 percent and 30 percent, respectively. Cushman also expected a hit to the redevelopment market, as well as downward pressure on land prices.


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: munshi ahmed, bloomberg, getty images
Keywords: news, cnbc, companies, apartment, unit, revises, guidelines, area, square, rules, number, shoebox, counter, problem, units, including, maximum, singapore, property, developers


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US to offer cyberwar capabilities to NATO allies

The announcement is expected in the coming days as U.S. Defense Secretary Jim Mattis attends a meeting of NATO defense ministers on Wednesday and Thursday. It reflects growing concerns by the U.S. and its allies over Moscow’s use of cyber operations to influence elections in America and elsewhere. In recent weeks the Pentagon released a new cybersecurity strategy that maps out a more aggressive use of military cyber capabilities. NATO has moved cautiously on offensive cyber capabilities. But the


The announcement is expected in the coming days as U.S. Defense Secretary Jim Mattis attends a meeting of NATO defense ministers on Wednesday and Thursday. It reflects growing concerns by the U.S. and its allies over Moscow’s use of cyber operations to influence elections in America and elsewhere. In recent weeks the Pentagon released a new cybersecurity strategy that maps out a more aggressive use of military cyber capabilities. NATO has moved cautiously on offensive cyber capabilities. But the
US to offer cyberwar capabilities to NATO allies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: jonathan ernst, afp getty
Keywords: news, cnbc, companies, members, operations, allies, offer, cyberwar, cyber, counter, capabilities, military, offensive, nato, defense


US to offer cyberwar capabilities to NATO allies

Acting to counter Russia’s aggressive use of cyberattacks across Europe and around the world, the U.S. is expected to announce that, if asked, it will use its formidable cyberwarfare capabilities on NATO’s behalf, according to a senior U.S. official.

The announcement is expected in the coming days as U.S. Defense Secretary Jim Mattis attends a meeting of NATO defense ministers on Wednesday and Thursday.

Katie Wheelbarger, the principal deputy assistant defense secretary for international security affairs, said the U.S. is committing to use offensive and defensive cyber operations for NATO allies, but America will maintain control over its own personnel and capabilities.

The decision comes on the heels of the NATO summit in July, when members agreed to allow the alliance to use cyber capabilities that are provided voluntarily by allies to protect networks and respond to cyberattacks. It reflects growing concerns by the U.S. and its allies over Moscow’s use of cyber operations to influence elections in America and elsewhere.

“Russia is constantly pushing its cyber and information operations,” said Wheelbarger, adding that this is a way for the U.S. to show its continued commitment to NATO.

She told reporters traveling to NATO with Mattis that the move is a signal to other nations that NATO is prepared to counter cyberattacks waged against the alliance or its members.

Much like America’s nuclear capabilities, the formal declaration of cyber support can help serve as a military deterrent to other nations and adversaries.

The U.S. has, for some time, considered cyber as a warfighting domain, much like air, sea, space and ground operations. In recent weeks the Pentagon released a new cybersecurity strategy that maps out a more aggressive use of military cyber capabilities. And it specifically calls out Russia and China for their use of cyberattacks.

China, it said, has been “persistently” stealing data from the public and private sector to gain an economic advantage. And it said Russia has use cyber information operations to “influence our population and challenge our diplomatic processes.” U.S. officials have repeatedly accused Moscow of interfering in the 2016 elections, including through online social media.

“We will conduct cyberspace operations to collect intelligence and prepare military cyber capabilities to be used in the event of a crisis or conflict,” the new strategy states, adding that the U.S. is prepared to use cyberwarfare along with other military weapons against its enemies when needed, including to counter malicious cyber activities targeting the country.

The document adds that the Pentagon will “work to strengthen the capacity” of allies and partners.

NATO has moved cautiously on offensive cyber capabilities. At the Warsaw Summit in 2016, allies recognized cyberspace as a warfighting domain. It has said that a computer-based attack on an ally would trigger NATO’s commitment to defend its members. And last year the alliance agreed to create a new cyber operations center. But the focus has always been on defending NATO networks and those of its members, not offensive cyberwar.

NATO Secretary-General Jens Stoltenberg said on Tuesday that the defense ministers will have a working session this week to address cyber and other risks, and how allies can cooperate to counter such threats. He did not provide details.


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: jonathan ernst, afp getty
Keywords: news, cnbc, companies, members, operations, allies, offer, cyberwar, cyber, counter, capabilities, military, offensive, nato, defense


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Google staff discussed ways to tweak search results to counter Trump’s travel ban

Emails between Google employees appear to show them discussing ways to alter the company’s search engine algorithm so that results pages detailed ways of countering President Donald Trump’s travel ban, after his administration restricted immigration from several Middle Eastern and African countries in January 2017. The messages, seen by the Wall Street Journal, discussed ways to “leverage” the search algorithm to counter “Islamophobic, algorithmically-biased results from search terms ‘Islam,’ ‘M


Emails between Google employees appear to show them discussing ways to alter the company’s search engine algorithm so that results pages detailed ways of countering President Donald Trump’s travel ban, after his administration restricted immigration from several Middle Eastern and African countries in January 2017. The messages, seen by the Wall Street Journal, discussed ways to “leverage” the search algorithm to counter “Islamophobic, algorithmically-biased results from search terms ‘Islam,’ ‘M
Google staff discussed ways to tweak search results to counter Trump’s travel ban Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-21  Authors: lucy handley
Keywords: news, cnbc, companies, promote, results, discussed, google, search, terms, trumps, staff, told, president, travel, counter, tweak, ways, political


Google staff discussed ways to tweak search results to counter Trump's travel ban

Emails between Google employees appear to show them discussing ways to alter the company’s search engine algorithm so that results pages detailed ways of countering President Donald Trump’s travel ban, after his administration restricted immigration from several Middle Eastern and African countries in January 2017.

The messages, seen by the Wall Street Journal, discussed ways to “leverage” the search algorithm to counter “Islamophobic, algorithmically-biased results from search terms ‘Islam,’ ‘Muslim,’ ‘Iran,’ etc.” and “prejudiced, algorithmically-biased search results from search terms ‘Mexico,’ ‘Hispanic,’ ‘Latino,’ etc.”

The emails were a brainstorm of ideas and none of the suggested tweaks was ever implemented, Google told the Journal.

A company spokeswoman told CNBC in an emailed statement: “Google has never manipulated its search results or modified any of its products to promote a particular political ideology — not in the current campaign season, not during the 2016 election, and not in the aftermath of President Trump’s executive order on immigration. Our processes and policies would not have allowed for any manipulation of search results to promote political ideologies.”


Company: cnbc, Activity: cnbc, Date: 2018-09-21  Authors: lucy handley
Keywords: news, cnbc, companies, promote, results, discussed, google, search, terms, trumps, staff, told, president, travel, counter, tweak, ways, political


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Oil prices slip as economic growth concerns counter tighter supplies

Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. The falls came on the back of a potential slowdown in fuel demand growth because of trade disputes between the United States and China as well as emerging market turmoil. The Trump administration has invited Chinese officials to restart trade talks, just as Washington prepares to escalate the U.S.-China trade war with tariffs on $200 bill


Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. The falls came on the back of a potential slowdown in fuel demand growth because of trade disputes between the United States and China as well as emerging market turmoil. The Trump administration has invited Chinese officials to restart trade talks, just as Washington prepares to escalate the U.S.-China trade war with tariffs on $200 bill
Oil prices slip as economic growth concerns counter tighter supplies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-13
Keywords: news, cnbc, companies, washington, oil, counter, trade, trump, opec, demand, prices, tariffs, slip, growth, economic, tighter, concerns, supplies, war, futures


Oil prices slip as economic growth concerns counter tighter supplies

Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth.

U.S. West Texas Intermediate (WTI) crude futures were at $69.91 per barrel at 0220 GMT, down 46 cents, or 0.6 percent, from their last settlement.

Brent crude futures slipped 38 cents, or 0.5 percent, to $79.36 a barrel.

The falls came on the back of a potential slowdown in fuel demand growth because of trade disputes between the United States and China as well as emerging market turmoil.

American companies in China are being hurt by tariffs in the growing trade war between Washington and Beijing, according to a survey of hundreds of firms, prompting the U.S. business lobbies behind the poll to urge the Trump administration to reconsider its approach.

The Trump administration has invited Chinese officials to restart trade talks, just as Washington prepares to escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods.

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday reduced its forecast for 2019 global oil demand growth, pointing to economic risks.

In its monthly report, OPEC said world oil demand next year would rise by 1.41 million barrels per day (bpd), 20,000 bpd less than last month and the second consecutive reduction in the forecast.


Company: cnbc, Activity: cnbc, Date: 2018-09-13
Keywords: news, cnbc, companies, washington, oil, counter, trade, trump, opec, demand, prices, tariffs, slip, growth, economic, tighter, concerns, supplies, war, futures


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Amazon, Toyota, Alcoa and others working to counter Trump’s tariff plans

Big companies in the United States from Amazon, Toyota Motor and Alcoa are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs. Tariffs would lead to “a reduced presence at home and abroad,” the company said in June. The largest U.S. automaker is set to hire Trump’s former deputy director of the National Economic Council and adviser on international economic affairs. Those already suffering from the Trump administration’s tariffs on steel and al


Big companies in the United States from Amazon, Toyota Motor and Alcoa are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs. Tariffs would lead to “a reduced presence at home and abroad,” the company said in June. The largest U.S. automaker is set to hire Trump’s former deputy director of the National Economic Council and adviser on international economic affairs. Those already suffering from the Trump administration’s tariffs on steel and al
Amazon, Toyota, Alcoa and others working to counter Trump’s tariff plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-21
Keywords: news, cnbc, companies, tariffs, toyota, working, told, trumps, tariff, amazon, trump, congress, plans, united, states, week, aluminum, alcoa, counter, trade


Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans

Big companies in the United States from Amazon, Toyota Motor and Alcoa are working to counter the effect of the Trump administration’s trade policies and to head off new tariffs.

Companies are attempting to avoid any confrontation with U.S. President Donald Trump but want to exert as much influence as they can to dissuade him from tearing up trade agreements or introducing tariffs on a wide swath of imports.

Amazon, the world’s largest online retailer and cloud-computing company, which could be hurt by tariffs on items sold through its website and components for its data centers, is discussing industry-wide advertising campaigns and more extensive government lobbying, a person familiar with the matter told Reuters on condition of anonymity.

Amazon declined to comment.

Toyota Motor North America, a subsidiary of Japan’s Toyota, which could suffer if Trump follows through on a plan to impose tariffs on imported vehicles and parts, flew workers to Washington for a rally this week in front of the U.S. Capitol while the unit’s chief has met key members of Congress in recent weeks to discuss the potential impact of tariffs.

Executives from General Motors, which could be hurt if Trump pulls the United States out of the North American Free Trade Agreement or if he imposes auto tariffs, have also held meetings with the administration and Congress over the last year to raise its concerns about trade issues.

Tariffs would lead to “a reduced presence at home and abroad,” the company said in June.

The largest U.S. automaker is set to hire Trump’s former deputy director of the National Economic Council and adviser on international economic affairs.

Everett Eissenstat, who left the White House earlier this month, will head GM’s public policy efforts, according to sources familiar with the matter.

GM told Reuters it had an opening but declined to confirm the hire. Eissenstat could not be reached for comment.

Those already suffering from the Trump administration’s tariffs on steel and aluminum imports, which went into effect in June, are also pushing for relief in private.

The chief executive of Alcoa told investors on a conference call this week that the aluminum producer was in “active discussions” with the Trump administration, the Commerce Department and members of Congress about the elimination of tariffs or getting an exception for Canadian aluminum.

Alcoa said this week it will incur as much as $14 million a month in extra expenses, mainly from tariffs levied on aluminum imported from Canada, its biggest supplier.


Company: cnbc, Activity: cnbc, Date: 2018-07-21
Keywords: news, cnbc, companies, tariffs, toyota, working, told, trumps, tariff, amazon, trump, congress, plans, united, states, week, aluminum, alcoa, counter, trade


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America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson

A decade after the 2008 recession, the policymakers who countered it on its front lines are worried that the U.S. may not be adequately armed for the next economic crisis. “One of the most powerful lessons from this crisis should be that you want to work very hard to make sure that your defenses are robust,” Geithner was quoted by AP as telling the audience. The former economic officials said that the changes so far made sense, like exempting some smaller banks from the law’s strictest requireme


A decade after the 2008 recession, the policymakers who countered it on its front lines are worried that the U.S. may not be adequately armed for the next economic crisis. “One of the most powerful lessons from this crisis should be that you want to work very hard to make sure that your defenses are robust,” Geithner was quoted by AP as telling the audience. The former economic officials said that the changes so far made sense, like exempting some smaller banks from the law’s strictest requireme
America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-18  Authors: natasha turak, hyungwon kang, getty images
Keywords: news, cnbc, companies, geithner, crisis, bernanke, great, financial, lessons, paulson, counter, system, banking, tools, banks, america, work, warn, economic


America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson

A decade after the 2008 recession, the policymakers who countered it on its front lines are worried that the U.S. may not be adequately armed for the next economic crisis.

Speaking at a roundtable discussion on Tuesday, former Federal Reserve Chairman Ben Bernanke and former Treasury Secretaries Timothy Geithner and Henry Paulson recounted the lessons they learned in the wake of the crisis, and where they fear Americans may have forgotten them.

“One of the most powerful lessons from this crisis should be that you want to work very hard to make sure that your defenses are robust,” Geithner was quoted by AP as telling the audience. “We let the financial system outgrow the protections we put in place in the Great Depressions and… made the system very fragile and vulnerable to panic.”

Loose banking regulations and excessive risk-taking helped plunge the U.S. into its worst economic crisis since the Great Depression of the 1930s. Nearly 9 million people were thrown out of work following the crash 10 years ago, and the slowness of the subsequent recovery, as well as exacerbated income inequality, led to widespread discontent that’s manifested itself in a broad populist backlash.

Current efforts are underway by Congressional Republicans and President Donald Trump to dismantle parts of the Dodd-Frank Act, which beefed up government regulation of the financial sector to close loopholes that enabled banks to engage in such risky behavior.

The former economic officials said that the changes so far made sense, like exempting some smaller banks from the law’s strictest requirements. Post-crisis reforms also strengthened the banking system and made it easier for big banks to be shut down rather than needing government bailouts.

But they cautioned against getting carried away with deregulation, and Geithner expressed concern that the emergency powers they were able to draw on in 2008 are “somewhat weaker” today.


Company: cnbc, Activity: cnbc, Date: 2018-07-18  Authors: natasha turak, hyungwon kang, getty images
Keywords: news, cnbc, companies, geithner, crisis, bernanke, great, financial, lessons, paulson, counter, system, banking, tools, banks, america, work, warn, economic


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European leaders are proposing collaborative measures to counter overwhelming migration

Senior European officials are proposing a new, European version of the Marshall Plan in an effort to resolve a political crisis over migration that Chancellor Angela Merkel has told German lawmakers is a “make or break” issue for the EU. Over the weekend some of the Lega leader’s harsher campaign rhetoric was included in a 10-point proposal submitted by Italian Prime Minister Giuseppe Conte at an emergency gathering of European leaders on migration. And now some of those ideas — including asylum


Senior European officials are proposing a new, European version of the Marshall Plan in an effort to resolve a political crisis over migration that Chancellor Angela Merkel has told German lawmakers is a “make or break” issue for the EU. Over the weekend some of the Lega leader’s harsher campaign rhetoric was included in a 10-point proposal submitted by Italian Prime Minister Giuseppe Conte at an emergency gathering of European leaders on migration. And now some of those ideas — including asylum
European leaders are proposing collaborative measures to counter overwhelming migration Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-28  Authors: willem marx
Keywords: news, cnbc, companies, measures, salvini, migration, rutte, proposing, european, overwhelming, leaders, counter, collaborative, africa, minister, prime, countries, told


European leaders are proposing collaborative measures to counter overwhelming migration

Senior European officials are proposing a new, European version of the Marshall Plan in an effort to resolve a political crisis over migration that Chancellor Angela Merkel has told German lawmakers is a “make or break” issue for the EU.

In an interview with CNBC ahead of a testy meeting involving all 28 of Europe’s leaders, the EU High Representative for Foreign Affairs Federica Mogherini outlined about 1 billion euros worth of counter-migration initiatives in North and West Africa for which the European Commission is requesting funds.

Mogherini said the amount of money involved was not that significant in the context of Europe’s total investment in Africa, but insisted these projects would have “an impact on the communities from where the migrants leave, in countries of origin and to help the countries of transit to dismantle the economy of the trafficking.”

Earlier this week the Italian interior minister, Matteo Salvini, traveled to southern Libya, where he suggested that countries in the Sahel should play a far greater role in preventing migration flows into Europe. Salvini heads the far-right Lega party in Italy and has in part built his political reputation on criticism of EU migration policies, much to the irritation of officials in Brussels.

Over the weekend some of the Lega leader’s harsher campaign rhetoric was included in a 10-point proposal submitted by Italian Prime Minister Giuseppe Conte at an emergency gathering of European leaders on migration. And now some of those ideas — including asylum processing centers outside the EU’s borders — seem to be gaining ever more traction.

On the sidelines of the European Council meeting on Thursday, Dutch Prime Minister Mark Rutte told CNBC that spending in Africa would benefit others in addition to the Italians, who have already struck a funding deal with the coast guard in conflict-ridden Libya.

“We have to get to grips with this migration flow,” said Rutte in Brussels. “That will mean that we have to work with countries in Africa like we did with Turkey.”


Company: cnbc, Activity: cnbc, Date: 2018-06-28  Authors: willem marx
Keywords: news, cnbc, companies, measures, salvini, migration, rutte, proposing, european, overwhelming, leaders, counter, collaborative, africa, minister, prime, countries, told


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Brown-Forman to hike Jack Daniel’s prices in Europe to counter tariffs

Brown-Forman, said on Tuesday it will raise prices on its whiskeys, including Jack Daniel’s, in some European countries to combat tariffs slapped on U.S. bourbon. Buyers of Jack Daniel’s or Woodford Reserve whiskey can expect to see the price of a standard 700 ml bottle go up by about 10 percent, Brown-Forman spokesman Phil Lynch said. Motorcycle maker Harley-Davidson said on Monday it would need to shift some U.S. production to Europe to combat the EU’s tariffs. Louisville-based Brown-Forman co


Brown-Forman, said on Tuesday it will raise prices on its whiskeys, including Jack Daniel’s, in some European countries to combat tariffs slapped on U.S. bourbon. Buyers of Jack Daniel’s or Woodford Reserve whiskey can expect to see the price of a standard 700 ml bottle go up by about 10 percent, Brown-Forman spokesman Phil Lynch said. Motorcycle maker Harley-Davidson said on Monday it would need to shift some U.S. production to Europe to combat the EU’s tariffs. Louisville-based Brown-Forman co
Brown-Forman to hike Jack Daniel’s prices in Europe to counter tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-26  Authors: yuriko nakao, bloomberg, getty images
Keywords: news, cnbc, companies, jack, europe, markets, daniels, brownforman, lynch, company, tariffs, hike, counter, price, including, prices, months


Brown-Forman to hike Jack Daniel's prices in Europe to counter tariffs

Brown-Forman, said on Tuesday it will raise prices on its whiskeys, including Jack Daniel’s, in some European countries to combat tariffs slapped on U.S. bourbon.

Buyers of Jack Daniel’s or Woodford Reserve whiskey can expect to see the price of a standard 700 ml bottle go up by about 10 percent, Brown-Forman spokesman Phil Lynch said.

Brown Forman is the latest U.S. company trying to cushion the impact of the EU’s 25 percent tariffs on American goods, including bourbon, motorcycles and jeans, in response to U.S. tariffs on steel and aluminum.

Motorcycle maker Harley-Davidson said on Monday it would need to shift some U.S. production to Europe to combat the EU’s tariffs.

Consumers are likely to see higher retail prices over the next several months rather than immediately, Lynch said, as the company works through the stock it has built up over the last few months in preparation for the tariffs in markets such as Germany and France, where it controls distribution.

Louisville-based Brown-Forman controls its own distribution in about two-thirds of its overseas business.

In the markets where the company relies on third party distributors, such as Belgium and Italy, price decisions will be made by them, Brown-Forman said.


Company: cnbc, Activity: cnbc, Date: 2018-06-26  Authors: yuriko nakao, bloomberg, getty images
Keywords: news, cnbc, companies, jack, europe, markets, daniels, brownforman, lynch, company, tariffs, hike, counter, price, including, prices, months


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Warren Buffett on trade war: ‘The world will not do something stupid’

Warren Buffett is optimistic the U.S. and China will avoid a serious trade conflict. “The world will not do something stupid over time in trade,” the Berkshire Hathaway chairman and CEO told CNBC’s “Squawk Box” on Monday. “I don’t think we will have trade wars … of significance. “I don’t think either country will dig themselves into something that precipitates and continues any kind of real trade war,” he said at the shareholder meeting. “There will be some back and forth, but in the end I don


Warren Buffett is optimistic the U.S. and China will avoid a serious trade conflict. “The world will not do something stupid over time in trade,” the Berkshire Hathaway chairman and CEO told CNBC’s “Squawk Box” on Monday. “I don’t think we will have trade wars … of significance. “I don’t think either country will dig themselves into something that precipitates and continues any kind of real trade war,” he said at the shareholder meeting. “There will be some back and forth, but in the end I don
Warren Buffett on trade war: ‘The world will not do something stupid’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-07  Authors: tae kim
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Warren Buffett on trade war: 'The world will not do something stupid'

Warren Buffett is optimistic the U.S. and China will avoid a serious trade conflict.

“The world will not do something stupid over time in trade,” the Berkshire Hathaway chairman and CEO told CNBC’s “Squawk Box” on Monday. “I don’t think we will have trade wars … of significance. … It’s counter to the interests of us. It’s counter to the interests of China. It’s counter to the interests of every country in the world. The world thrives on trade.”

Buffett appeared from Omaha, where Berkshire Hathaway held a weekend of events around Saturday’s annual meeting.

Buffett expressed a similar sentiment a couple of days ago.

“I don’t think either country will dig themselves into something that precipitates and continues any kind of real trade war,” he said at the shareholder meeting. “There will be some back and forth, but in the end I don’t think we’ll come out with a terrible answer on it.”

— Buffett joins “Squawk Box” for three hours, 6 a.m. ET to 9 a.m. ET, with special guests Munger and Microsoft co-founder and philanthropist Bill Gates.


Company: cnbc, Activity: cnbc, Date: 2018-05-07  Authors: tae kim
Keywords: news, cnbc, companies, world, stupid, trade, interests, dont, war, squawk, hathaway, country, think, counter, et, buffett, warren


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