EU afraid another country will follow UK after Brexit, Dutch lawmaker says

EU afraid another country will follow UK after Brexit, Dutch lawmaker says10 Hours AgoGeert Wilders, leader of the Netherlands’ Party for Freedom, discusses the Brexit deadlock.


EU afraid another country will follow UK after Brexit, Dutch lawmaker says10 Hours AgoGeert Wilders, leader of the Netherlands’ Party for Freedom, discusses the Brexit deadlock.
EU afraid another country will follow UK after Brexit, Dutch lawmaker says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, brexit, afraid, dutch, wilders, lawmaker, says10, country, follow, freedom, leader, netherlands, party, hours


EU afraid another country will follow UK after Brexit, Dutch lawmaker says

EU afraid another country will follow UK after Brexit, Dutch lawmaker says

10 Hours Ago

Geert Wilders, leader of the Netherlands’ Party for Freedom, discusses the Brexit deadlock.


Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, brexit, afraid, dutch, wilders, lawmaker, says10, country, follow, freedom, leader, netherlands, party, hours


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This popular parenting trend in the Netherlands reveals a key to raising the world’s happiest kids

I was a bit apprehensive at first, but as soon as we had our first son, I was surprised by the richness of Dutch family life. For years, the Netherlands has been consistently ranked as one of the best places in the world to live. Dutch fathers believe in taking a more equal role in child-rearing and household chores. Today, as more and more Dutch fathers see the benefits of spending time with their kids, taking a papadag has become the norm. For American moms, 53% say they’re satisfied with the


I was a bit apprehensive at first, but as soon as we had our first son, I was surprised by the richness of Dutch family life. For years, the Netherlands has been consistently ranked as one of the best places in the world to live. Dutch fathers believe in taking a more equal role in child-rearing and household chores. Today, as more and more Dutch fathers see the benefits of spending time with their kids, taking a papadag has become the norm. For American moms, 53% say they’re satisfied with the
This popular parenting trend in the Netherlands reveals a key to raising the world’s happiest kids Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-29  Authors: rina mae acosta
Keywords: news, cnbc, companies, taking, papadag, raising, netherlands, happiest, worlds, trend, key, workweek, fathers, parenting, spend, dutch, kids, day, popular, family, reveals


This popular parenting trend in the Netherlands reveals a key to raising the world's happiest kids

As someone who was born and raised in the US, the idea of working full-time and being a mother in America — a country that ranks last in “family friendliness” — always terrified me. So when Bram (my Dutch husband) suggested that we move to Doorn, a tiny village located in central Netherlands, to start a family, I thought, Why not? I was a bit apprehensive at first, but as soon as we had our first son, I was surprised by the richness of Dutch family life. For years, the Netherlands has been consistently ranked as one of the best places in the world to live. As part-time champions of Europe, the Dutch work an average of 29 hours per week — the lowest of any industrialized nation, according to the OECD. (The average American, by comparison, works roughly 43 hours per week.)

Taking a ‘daddy day’ has become the norm

Dutch kids are known as the happiest in the world, according to UNICEF, Britain’s Child Poverty Action Group and the World Economic Forum. Part of the reason why is because shorter workweeks, especially for fathers, means more time at home and higher involvement in sharing parenting duties. The role of fathers in the development and well-being of children has been increasingly recognized by researchers. HBSC studies have suggested that Dutch children’s relationships with their fathers have improved significantly in step with the increased time they spend together. Dutch fathers believe in taking a more equal role in child-rearing and household chores. You’re just as likely to see a dad pushing a stroller or wearing a baby-carrier as you would with a mom. When a child has a fever, for example, parents will take turns staying at home with the child, with most employers showing understanding and leniency. Years ago, when the full-time workweek was reduced to 36 hours in the Netherlands to combat unemployment, the government compensated those who had been working a 40-hour, 9-to-5 workweek by giving them extra vacation of half a day a week — or one day a fortnight. This time off is frequently used by fathers as their “papadag,” which literally translates to “daddy day.” Today, as more and more Dutch fathers see the benefits of spending time with their kids, taking a papadag has become the norm. In 2016, nearly 50% of young fathers in the Netherlands said they take a day off at least once a week to be at home — and that percentage has only continued to increase. (Pictured above: The author and her family) “Taking a papadag is pretty common, especially within the public and government sectors here,” my friend Mathijs explained when I first moved to the Netherlands. “Choosing to do a four-day workweek was an easy decision. I appreciate the extra time I get to spend with my daughter alone,” he said. In our home, Bram also does his share of papadag: He’s in charge of the week’s grocery shopping, taking our kids with him. Bram also does all the weekend cleaning, laundry and vacuuming. After that, he’ll take the little ones to the zoo or the pool. For me, it’s my time to catch up, finish my writing assignments, blog posts and other projects. (Dutch moms also enjoy the benefits of the part-time work culture here; many continue working part-time even after all their children have started school full-time or have left the nest, but that’s a whole other discussion).

Parenting in America

When I tell my American friends about papadag, they often look at me in disbelief: “Seriously? Dads choose a four-day workweek just to spend time with their kids?” The concept is simply unheard of in many places, especially in North America, where taking a workday off to be with family would be shocking, let alone a week. That’s not to say that American fathers don’t care about spending more time with their children. In fact, 63% admit that they spend too little time at home and on child care duties, according to a recent Pew Research Center survey. For American moms, 53% say they’re satisfied with the amount of time they spend with their kids. Yet even in families where both partners hold down jobs, research has shown that women still tend to shoulder most of the parenting and household chores. It also doesn’t help that the US is the only OECD country that still has no federal policy in place to guarantee working mothers or fathers paid time off to care for their new babies.

Is papadag the secret to raising happy kids?


Company: cnbc, Activity: cnbc, Date: 2019-08-29  Authors: rina mae acosta
Keywords: news, cnbc, companies, taking, papadag, raising, netherlands, happiest, worlds, trend, key, workweek, fathers, parenting, spend, dutch, kids, day, popular, family, reveals


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Bridgewater’s Ray Dalio backs China despite trade war escalation

Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, urged investors to have bets on “both horses in the race” amid rising trade tensions between the U.S. and China. In a video posted online Tuesday, Dalio argued that investors still have a historic opportunity to buy into China as it opens up its markets to foreign investments. The U.S. objects to the lower yuan as it makes Chinese exports cheaper on international markets, offering Chinese products a price advantage. “W


Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, urged investors to have bets on “both horses in the race” amid rising trade tensions between the U.S. and China. In a video posted online Tuesday, Dalio argued that investors still have a historic opportunity to buy into China as it opens up its markets to foreign investments. The U.S. objects to the lower yuan as it makes Chinese exports cheaper on international markets, offering Chinese products a price advantage. “W
Bridgewater’s Ray Dalio backs China despite trade war escalation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: elliot smith
Keywords: news, cnbc, companies, bridgewaters, escalation, despite, trade, dalio, backs, markets, ray, empire, wanted, war, yuan, dutch, invest, china, united, chinese


Bridgewater's Ray Dalio backs China despite trade war escalation

Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, urged investors to have bets on “both horses in the race” amid rising trade tensions between the U.S. and China.

In a video posted online Tuesday, Dalio argued that investors still have a historic opportunity to buy into China as it opens up its markets to foreign investments.

The trade war between Washington and Beijing has intensified over the past week after President Donald Trump announced 10% tariffs on a further $300 billion worth of Chinese goods. The tit-for-tat has culminated in China’s yuan weakening beyond the psychological level of 7 per dollar on Monday, dragging currency markets into the fray. The U.S. objects to the lower yuan as it makes Chinese exports cheaper on international markets, offering Chinese products a price advantage.

Markets reacted by embarking on a substantial sell-off, leading Wall Street to its worst day of the year on Monday, with the Dow plunging 767 points. This compounded already significant losses triggered by Trump’s tariff announcement last Thursday.

Dalio suggested that tension between the two was reminiscent of periods throughout history in which a world power at the head of a global order is challenged by a rising power, and likened China’s current trajectory to the rise of the Dutch, British and more recently American, periods of global economic dominance.

“Would you have not wanted to invest with the Dutch in the Dutch empire? Would you have not wanted to invest in the industrial revolution and the British empire? Would you not want to invest in the United States and the United States empire? I think it’s comparable,” Dalio said.


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: elliot smith
Keywords: news, cnbc, companies, bridgewaters, escalation, despite, trade, dalio, backs, markets, ray, empire, wanted, war, yuan, dutch, invest, china, united, chinese


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Dutch airline KLM orders up to 35 planes as it looks to refresh Cityhopper fleet

PARIS — Brazilian aerospace firm Embraer announced Wednesday that Dutch airline KLM has committed to buying as many as 35 of its E195-E2 aircraft. KLM Cityhopper, which is a subsidiary of the main KLM airline, has offered a firm order to buy 15 jets with purchase rights for 20 more. The 15 firm deliveries from Embraer to KLM are expected to be made between 2021 and 2024. The Embraer E195-E2 is claimed to use 30% less fuel compared to KLM Cityhopper’s current fleet of Embraer E190s, leading Elber


PARIS — Brazilian aerospace firm Embraer announced Wednesday that Dutch airline KLM has committed to buying as many as 35 of its E195-E2 aircraft. KLM Cityhopper, which is a subsidiary of the main KLM airline, has offered a firm order to buy 15 jets with purchase rights for 20 more. The 15 firm deliveries from Embraer to KLM are expected to be made between 2021 and 2024. The Embraer E195-E2 is claimed to use 30% less fuel compared to KLM Cityhopper’s current fleet of Embraer E190s, leading Elber
Dutch airline KLM orders up to 35 planes as it looks to refresh Cityhopper fleet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: david reid
Keywords: news, cnbc, companies, looks, orders, planes, refresh, current, fleet, elbers, embraer, cityhopper, e195e2, aircraft, deal, klm, airline, dutch, firm, 35, paris


Dutch airline KLM orders up to 35 planes as it looks to refresh Cityhopper fleet

An Embraer E195 jet airliner on display at the 2019 Paris Air Show opened at Le Bourget Airport.

PARIS — Brazilian aerospace firm Embraer announced Wednesday that Dutch airline KLM has committed to buying as many as 35 of its E195-E2 aircraft.

KLM Cityhopper, which is a subsidiary of the main KLM airline, has offered a firm order to buy 15 jets with purchase rights for 20 more. Based on current list prices the deal has a value of around $2.5 billion, although a steep discount on that figure is expected.

The deal, again based on Embarer’s catalog pricing, means that the conglomerate has taken orders of 78 aircraft, worth around $4.6 billion, during the Paris Air Show this week.

The 15 firm deliveries from Embraer to KLM are expected to be made between 2021 and 2024.

Speaking at the press conference, KLM President and CEO Pieter Elbers said previous purchases of Embraer’s E190 and E175 model had expanded the airline’s route network, but refused to be drawn on any new destinations thanks to the E195-E2’s longer range.

The Embraer E195-E2 is claimed to use 30% less fuel compared to KLM Cityhopper’s current fleet of Embraer E190s, leading Elbers to describe the plane as “environmentally friendly.”

Elbers added that existing Embraer aircraft in the KLM fleet had received “a lot of positive feedback” from customers.

He said the slot availability at the busy Schiphol Airport in Amsterdam would determine if the aircraft would be used as a replacement to older planes or also as an opportunity to expand.


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: david reid
Keywords: news, cnbc, companies, looks, orders, planes, refresh, current, fleet, elbers, embraer, cityhopper, e195e2, aircraft, deal, klm, airline, dutch, firm, 35, paris


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Dutch bank ING posts profit dip and misses expectations

ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll. The bank reported 1.19 billion euros of net profit in the first quarter of 2018. Pre-tax profits of 1.58 billion euros ($1.77 billion) were down 6.2% from the first quarter of last year. The group reported an increase in net core lending of 8.7 billion euros in the first quarter,


ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll. The bank reported 1.19 billion euros of net profit in the first quarter of 2018. Pre-tax profits of 1.58 billion euros ($1.77 billion) were down 6.2% from the first quarter of last year. The group reported an increase in net core lending of 8.7 billion euros in the first quarter,
Dutch bank ING posts profit dip and misses expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: elliot smith
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Dutch bank ING posts profit dip and misses expectations

ING, the largest Dutch financial group, reported a slight drop in first-quarter underlying net profit of 1.12 billion euros ($1.26 billion), narrowly missing analyst expectations of 1.15 billion euros in a Reuters poll.

The bank reported 1.19 billion euros of net profit in the first quarter of 2018. Pre-tax profits of 1.58 billion euros ($1.77 billion) were down 6.2% from the first quarter of last year. Quarter-on-quarter, the underlying result before tax fell 6.5%, which the bank said was caused entirely by the “seasonally higher regulatory costs in the first quarter.”

The group reported an increase in net core lending of 8.7 billion euros in the first quarter, with net customer deposit inflows amounting to 4.8 billion euros.

Its retail primary customer base grew by 150,000 to 12.6 million. In a statement, CEO Ralph Hamers said the results showed “good commercial momentum.”

“Income grew both year on year and sequentially and we see the positive results of our transformation program coming through, especially in the Netherlands and Belgium,” said Hamers.

“However, this was offset by higher but still relatively low risk costs, and pressure from low interest rates in our main euro zone markets.”

Shares fell 1.5% during early morning trading Thursday.

Hamers also stressed that the bank understands “how vital it is to master the management of nonfinancial risks” and is committed to doing so.

Provisions for bad loans reduced from 242 million euros in the fourth quarter of 2018 to 207 million euros.

The bank incurred a fine of 775 million euros in the third quarter of 2018 for poor monitoring of money laundering by clients, and is continuing a know your customer (KYC) enhancement program.

In its earnings report, ING said it was in regular contact with regulators about this program. The bank also revealed that it was informed in March of a report by the Italian central bank into shortcomings in anti-money laundering processes at ING Italy.

“We’re analyzing these findings and taking the necessary steps to improve processes and the management of compliance risks in Italy, in line with our global enhancement program,” the bank said.

In the meantime, ING Italy will refrain from taking on new clients.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: elliot smith
Keywords: news, cnbc, companies, million, reported, profit, dutch, ing, billion, euros, misses, posts, expectations, dip, quarter, bank, customer, net, program


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Brexit is bad news for the Netherlands, Britain and Europe, Dutch finance minister says

Brexit is bad news for the Netherlands, Britain and Europe, Dutch finance minister says5 Hours AgoDutch Finance Minister Wopke Hoekstra tells CNBC Brexit is a “soap opera” and a “tragedy,” and discusses proposals to change the way the EU makes decision.


Brexit is bad news for the Netherlands, Britain and Europe, Dutch finance minister says5 Hours AgoDutch Finance Minister Wopke Hoekstra tells CNBC Brexit is a “soap opera” and a “tragedy,” and discusses proposals to change the way the EU makes decision.
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Company: cnbc, Activity: cnbc, Date: 2019-04-05
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Brexit is bad news for the Netherlands, Britain and Europe, Dutch finance minister says

Brexit is bad news for the Netherlands, Britain and Europe, Dutch finance minister says

5 Hours Ago

Dutch Finance Minister Wopke Hoekstra tells CNBC Brexit is a “soap opera” and a “tragedy,” and discusses proposals to change the way the EU makes decision.


Company: cnbc, Activity: cnbc, Date: 2019-04-05
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A new fight over tax is starting to boil over in the EU: Here’s what you need to know

Changing from unanimity to a qualified majority would bring faster tax changes, including those on big tech companies. However, the Dutch finance minister told CNBC exclusively that he is against changing the rules. Commissioner Pierre Moscovici, in charge of taxation in the EU, told CNBC last month that qualified majority would help the EU address taxation matters more urgently. “If we want a very strong Europe, we need to move from unanimity on those issues … to qualified majority … that’s dem


Changing from unanimity to a qualified majority would bring faster tax changes, including those on big tech companies. However, the Dutch finance minister told CNBC exclusively that he is against changing the rules. Commissioner Pierre Moscovici, in charge of taxation in the EU, told CNBC last month that qualified majority would help the EU address taxation matters more urgently. “If we want a very strong Europe, we need to move from unanimity on those issues … to qualified majority … that’s dem
A new fight over tax is starting to boil over in the EU: Here’s what you need to know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: silvia amaro
Keywords: news, cnbc, companies, fight, finance, majority, tax, eu, qualified, heres, boil, know, european, unanimity, taxation, dutch, need, starting, countries


A new fight over tax is starting to boil over in the EU: Here's what you need to know

Brexit is bad news for the Netherlands, Britain and Europe, Dutch finance minister says 5 Hours Ago | 03:44

The European Union is considering a new approach to taxation rules, but certain member nations are already voicing their opposition.

The European Commission, the EU’s executive body, suggested that the 28 countries should start taking decisions by a qualified majority when it comes to taxation — this means it must represent a minimum of 65 percent of the EU’s population.

At the moment, new tax rules only move forward if there is a complete consensus. Changing from unanimity to a qualified majority would bring faster tax changes, including those on big tech companies.

However, the Dutch finance minister told CNBC exclusively that he is against changing the rules.

“I think if you look back, there’s plenty of evidence that the current way of decision making actually works, also in the area of tax,” Wopke Hoekstra, head of the Dutch finance ministry, said Friday.

“I don’t think that’s very helpful,” he added.

Commissioner Pierre Moscovici, in charge of taxation in the EU, told CNBC last month that qualified majority would help the EU address taxation matters more urgently.

“If we want a very strong Europe, we need to move from unanimity on those issues … to qualified majority … that’s democracy and that is also efficiency.”

His proposal to update the rulebook came after certain EU countries blocked a new tax on digital companies, which could have affected firms such as Facebook and Alphabet’s Google. Four out of the 28 European countries, including The Netherlands, stopped the initiative in March, arguing that the first steps for a digital levy should happen at the OECD (Organisation for Economic Co-operation and Development) level.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: silvia amaro
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Suspect arrested in shooting that leaves at least 3 dead in Dutch city of Utrecht

A suspect has been arrested in a shooting in the Dutch city of Utrecht that left at least 3 people dead, according to authorities. The Mayor of Utrecht, Jan van Zanen, has since claimed that three people have been killed with nine more injured. “The police asks you to watch out for 37-year-old Gokmen Tanis (born in Turkey) in connection with this morning’s incident,” Dutch police said in a statement. Earlier, the head of Dutch counter-terrorism said shots had been fired at several locations, wit


A suspect has been arrested in a shooting in the Dutch city of Utrecht that left at least 3 people dead, according to authorities. The Mayor of Utrecht, Jan van Zanen, has since claimed that three people have been killed with nine more injured. “The police asks you to watch out for 37-year-old Gokmen Tanis (born in Turkey) in connection with this morning’s incident,” Dutch police said in a statement. Earlier, the head of Dutch counter-terrorism said shots had been fired at several locations, wit
Suspect arrested in shooting that leaves at least 3 dead in Dutch city of Utrecht Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: reuters with cnbc, robin van lonkhuijsen, afp, getty images, peter dejong
Keywords: news, cnbc, companies, told, city, arrested, leaves, killed, suspect, dead, security, incident, utrecht, man, dutch, shooting, terrorist, counterterrorism


Suspect arrested in shooting that leaves at least 3 dead in Dutch city of Utrecht

A suspect has been arrested in a shooting in the Dutch city of Utrecht that left at least 3 people dead, according to authorities.

Dutch security forces were hunting for a 37-year-old Turkish man suspected of having shot several people on a tram Monday, in what authorities said appeared to be a terrorist attack.

The Mayor of Utrecht, Jan van Zanen, has since claimed that three people have been killed with nine more injured.

Authorities raised the terrorism threat to its highest level in Utrecht province, schools were told to shut their doors and paramilitary police increased security at airports and other vital infrastructure, and also at mosques.

Dutch Prime Minister Mark Rutte convened crisis talks, saying he was deeply concerned about the incident, which came three days after a lone gunman killed 50 people in mass shootings at two mosques in the city of Christchurch, New Zealand.

“The police asks you to watch out for 37-year-old Gokmen Tanis (born in Turkey) in connection with this morning’s incident,” Dutch police said in a statement.

They issued an image of the man and warned the public not to approach him. They gave no further details.

Earlier, the head of Dutch counter-terrorism said shots had been fired at several locations, without elaborating. Counter-terrorism units surrounded a house in Utrecht, Dutch television showed, but no one appeared to have been arrested.

“A lot is still unclear at this point and local authorities are working hard to establish all the facts. What we already know is that a culprit is at large,” Counter-Terrorism Agency head Pieter-Jaap Aalbersberg told a news conference.

Aalbersberg, who said the shooting “appears to be a terrorist attack”, declined to comment on the number of injured or on their condition and did not confirm any deaths.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: reuters with cnbc, robin van lonkhuijsen, afp, getty images, peter dejong
Keywords: news, cnbc, companies, told, city, arrested, leaves, killed, suspect, dead, security, incident, utrecht, man, dutch, shooting, terrorist, counterterrorism


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Dutch prime minister is convinced the US and the EU will reach a trade deal

There’s a lot happening behind the scenes to ensure the U.S. and the European Union reach a trade deal, the Dutch prime minister told CNBC Monday. Both sides of the Atlantic have been at odds regarding international trade ever since President Trump took power in January, 2016. In particular, Trump threatened last year to impose tariffs of up to 25 percent on European cars – a highly sensitive topic for European officials. “I am convinced we can get a settlement on this because it is strategicall


There’s a lot happening behind the scenes to ensure the U.S. and the European Union reach a trade deal, the Dutch prime minister told CNBC Monday. Both sides of the Atlantic have been at odds regarding international trade ever since President Trump took power in January, 2016. In particular, Trump threatened last year to impose tariffs of up to 25 percent on European cars – a highly sensitive topic for European officials. “I am convinced we can get a settlement on this because it is strategicall
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Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: silvia amaro, getty images
Keywords: news, cnbc, companies, prime, convinced, trump, told, dutch, trade, european, deal, ongoing, president, tariffs, report, minister, eu, reach, world


Dutch prime minister is convinced the US and the EU will reach a trade deal

There’s a lot happening behind the scenes to ensure the U.S. and the European Union reach a trade deal, the Dutch prime minister told CNBC Monday.

Both sides of the Atlantic have been at odds regarding international trade ever since President Trump took power in January, 2016. In particular, Trump threatened last year to impose tariffs of up to 25 percent on European cars – a highly sensitive topic for European officials. The EU is the largest exporter of motor vehicles in the world, whereas the United States is the largest importer of motor vehicles in the world. Car tariffs could be a massive risk to the European economy.

In an attempt to calm down the trade tensions, European Commission President Jean-Claude Juncker agreed with President Trump in July last year to put new tariffs aside and to work towards lowering ongoing duties. Earlier last year, the U.S. had raised taxes on steel and aluminium from Europe.

“I am convinced we can get a settlement on this because it is strategically in both our interests,” Mark Rutte, Prime Minister of the Netherlands, told CNBC.

“Things are happening…I can assure a lot is happening behind the scenes and there is a lot of common trust, common goals on the table because we have to settle this as soon as possible, we don’t want to have a full out fight between the U.S. and the EU,” he said.

Their deal to work towards reducing taxes to zero brought some relief to the table last year. However, more than six months since their meeting in Washington, it is still unclear what’s the way forward.

EU’s trade chief Cecilia Malmstrom said Friday: “We do have concerns about certain aspects of the trade policy pursued by the current U.S. administration but there is also a strong unanimity that we should have a positive agenda with the U.S., building on the decisions and joint statement that was made when the two presidents…met.”

A report published by the European Commission last month showed that there have been a number of meetings between both countries. The same report showed that the EU wants the current talks to be focused on ongoing regulatory cooperation activities, as a starting point.

The same report says that if the U.S. were to impose new tariffs on European cars in the meantime, there would be a huge disruption to their ongoing negotiations.

Rutte also told CNBC that it is in the interest of both countries to bridge their differences.

“I absolutely believe that a transatlantic bond between the U.S. and the EU collectively working on our relationship with China and other world powers is in both of our interests.”


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: silvia amaro, getty images
Keywords: news, cnbc, companies, prime, convinced, trump, told, dutch, trade, european, deal, ongoing, president, tariffs, report, minister, eu, reach, world


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ABN Amro fourth-quarter net profit drops 42 percent, missing estimates

Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased. Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts. ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability. Net profit


Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased. Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts. ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability. Net profit
ABN Amro fourth-quarter net profit drops 42 percent, missing estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jasper juinen, bloomberg, getty images
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ABN Amro fourth-quarter net profit drops 42 percent, missing estimates

Dutch bank ABN Amro on Wednesday missed analysts’ expectations with a 42 percent fall in fourth-quarter net profit as loan impairments increased.

Net profit was 316 million euros ($358.2 million), compared with 542 million euros profit a year earlier, and an average expectations of 446 million euros in a Reuters poll of analysts.

Clifford Abrahams, chief financial officer of ABN Amro told CNBC Wednesday: “Q4 was operationally solid and steady…But we had a couple of specific items in Q4, we had some expenses and elevated impairments.”

“But for the year as a whole, the bank is in good shape and you see we posted an ROE (return on equity) of 11 percent and we are confirming our guidance for 2019,” he added.

Loan impairments soarded to 208 million euros from 34 million a year earlier, as shipping, oil services, jewellery and some other sectors continued to struggle despite a strong recovery in the Dutch economy and rising oil prices.

ABN Amro last year said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability.

Net profit was also dented by 85 million euros in extra costs for the scrutiny of clients, as the bank stepped up its fight against money laundering and other criminal activities.

This followed a record $900 million fine paid by fellow Dutch bank ING Groep NV in September for failing to spot criminal activities financed through its accounts for years.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: reuters with cnbccom, jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, fourthquarter, amro, abn, drops, missing, 42, euros, million, shipping, dutch, sectors, estimates, q4, net, oil, bank, profit


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