Trump: We’ll know in three to four weeks if China trade talks are successful

Disney to take full control over HuluComcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years. Technologyread more


Disney to take full control over HuluComcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years. Technologyread more
Trump: We’ll know in three to four weeks if China trade talks are successful Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, worth, control, billion, trump, disney, weeks, hulucomcast, hulu, trade, successful, sell, appraised, yearstechnologyread, talks, valuation, china, know


Trump: We'll know in three to four weeks if China trade talks are successful

Disney to take full control over Hulu

Comcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years.

Technology

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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: everett rosenfeld
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Trump: China ‘broke the deal’ in trade talks

U.S. President Donald Trump said Wednesday that China “broke the deal” in the ongoing U.S.-China trade talks. They broke the deal,” Trump said. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. The president said trade talks with China had been moving “too slowly” as Beijing tried to re-negotiate. Trump added that the United States “won’t back down until China stops cheating our workers and stealing our jobs.”


U.S. President Donald Trump said Wednesday that China “broke the deal” in the ongoing U.S.-China trade talks. They broke the deal,” Trump said. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. The president said trade talks with China had been moving “too slowly” as Beijing tried to re-negotiate. Trump added that the United States “won’t back down until China stops cheating our workers and stealing our jobs.”
Trump: China ‘broke the deal’ in trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: everett rosenfeld
Keywords: news, cnbc, companies, talks, broke, tariffs, trade, chinese, china, president, financial, sure, deal, trump


Trump: China 'broke the deal' in trade talks

U.S. President Donald Trump said Wednesday that China “broke the deal” in the ongoing U.S.-China trade talks.

Speaking at a rally in Florida, the president attributed his recent threat of increased tariffs to Beijing’s negotiating position.

“By the way, you see the tariffs we’re doing? Because they broke the deal. They broke the deal,” Trump said. “So they’re flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can’t do that, so they’ll be paying.”

Over the weekend, Trump surprised markets by threatening in a Twitter post that he would significantly raise American levies on Chinese goods — with a first increase this coming Friday, and another “shortly.”

The president said trade talks with China had been moving “too slowly” as Beijing tried to re-negotiate. That came as a shock to many observers since recent reports had indicated the world’s two largest economies could be set to sign an agreement as early as this week.

Trump added that the United States “won’t back down until China stops cheating our workers and stealing our jobs.”

“That’s what’s going to happen. Otherwise, we don’t have to do business with them,” he said. “We can make the product right here if we have to — like we used to.”

Chris Rupkey, managing director and chief financial economist at global financial group MUFG, wrote in a note responding to Trump’s Wednesday evening speech that markets may continue to be roiled by that sort of rhetoric: “We are not sure who the president is addressing tonight in a campaign rally, but he is sure scaring the daylights out of the financial markets.”

China, for its part, said earlier Wednesday that Beijing will retaliate if U.S. tariffs on $200 billion of Chinese goods are hiked to 25% from 10% as Trump had threatened.

“The escalation of trade friction is not in the interests of the people of the two countries and the people of the world,” the ministry said. “The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures.”


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: everett rosenfeld
Keywords: news, cnbc, companies, talks, broke, tariffs, trade, chinese, china, president, financial, sure, deal, trump


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After EU agrees to push back Brexit date, May says she’s still confident UK will eventually leave

May had asked Brussels for the March 29 Brexit date to be delayed three months until at least June 30. Speaking to reporters, May said she believed the U.K. will absolutely eventually leave the EU. “I also believe that it is better for the U.K. if we can do that with a negotiated deal, do that in a smooth and orderly manner. “There was a clear result that we should leave the European Union,” May added. According to the Parliament website, lawmakers would consider the petition for debate if it su


May had asked Brussels for the March 29 Brexit date to be delayed three months until at least June 30. Speaking to reporters, May said she believed the U.K. will absolutely eventually leave the EU. “I also believe that it is better for the U.K. if we can do that with a negotiated deal, do that in a smooth and orderly manner. “There was a clear result that we should leave the European Union,” May added. According to the Parliament website, lawmakers would consider the petition for debate if it su
After EU agrees to push back Brexit date, May says she’s still confident UK will eventually leave Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: everett rosenfeld, spencer kimball, sean gallup, getty images news, getty images
Keywords: news, cnbc, companies, shes, deal, push, leave, european, uk, eventually, agrees, union, confident, exit, negotiated, british, parliament, website, eu, date, brexit


After EU agrees to push back Brexit date, May says she's still confident UK will eventually leave

The European Union agreed to postpone the United Kingdom’s exit from the bloc, but the length of the delay will depend on whether or not the British parliament accepts the previously negotiated withdrawal agreement.

European Council President Donald Tusk said the bloc would grant an extension until May 22 if Prime Minister Theresa May is able to convince the British parliament to accept the existing Brexit deal.

If May is unable to convince parliament, which has previously rejected the deal, then Britain would face a disorderly exit from the European Union on April 12.

May had asked Brussels for the March 29 Brexit date to be delayed three months until at least June 30. The British parliament has twice rejected the withdrawal agreement that she had negotiated with the European Union, which has raised the prospect of a disorderly and economically damaging exit from the European Union.

Speaking to reporters, May said she believed the U.K. will absolutely eventually leave the EU.

“Yes, we will be leaving the European Union, and I absolutely fervently believe that it is the duty of Parliament to deliver on that result of the referendum,” she said in response to a question about whether Brexit could be delayed further. “I also believe that it is better for the U.K. if we can do that with a negotiated deal, do that in a smooth and orderly manner. That’s what tonight’s decision from the Council enables us to do.”

The prime minister emphasized that Parliament needs to resolve the situation: “We are now at that moment of decision.”

“There was a clear result that we should leave the European Union,” May added. “We said, ‘Here’s the vote, what is your decision? And we will deliver on it.’ And I believe it is out duty as a government, as a Parliament to deliver on that vote.”

Those assurances come after the U.K. Parliament’s petitions website crashed on Thursday as calls to revoke Article 50 and overturn Brexit quickly exceeded 1 million signatures. Just before midnight that day, the number of signatures had already topped 2.1 million.

The House of Commons Petitions Committee said in a Thursday Twitter post it was seeing the highest rate of signing that any petition on its site had ever had, adding that changes had been made to its website to deal with the traffic influx. According to the Parliament website, lawmakers would consider the petition for debate if it surpassed 100,000 signatures.

In her comments to reporters, May said British members of parliament will have a chance next week to look at the choices they face, adding that her team will need to work with Parliament on how to proceed if the current deal fails to pass.

—Reuters and CNBC’s Chloe Taylor contributed to this report


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: everett rosenfeld, spencer kimball, sean gallup, getty images news, getty images
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40 people killed in shootings at New Zealand mosques, prime minister says

About 40 people were killed when at least one shooter opened fire at two mosques in Christchurch, New Zealand on Friday. The commissioner said police had been dealing with two shootings at two mosques in Christchurch, one at Deans Avenue and one at Linwood Avenue. The Bangladesh cricket team was in the vicinity of the shooting but all members were safe, a team coach told media. Radio New Zealand quoted a witness inside the mosque saying he heard shots fired and at least four people were lying on


About 40 people were killed when at least one shooter opened fire at two mosques in Christchurch, New Zealand on Friday. The commissioner said police had been dealing with two shootings at two mosques in Christchurch, one at Deans Avenue and one at Linwood Avenue. The Bangladesh cricket team was in the vicinity of the shooting but all members were safe, a team coach told media. Radio New Zealand quoted a witness inside the mosque saying he heard shots fired and at least four people were lying on
40 people killed in shootings at New Zealand mosques, prime minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: everett rosenfeld, mark baker, ap photo
Keywords: news, cnbc, companies, local, cricket, mosques, zealand, bangladesh, prime, attack, team, shootings, killed, 40, minister, shooting, christchurch, quoted


40 people killed in shootings at New Zealand mosques, prime minister says

About 40 people were killed when at least one shooter opened fire at two mosques in Christchurch, New Zealand on Friday.

New Zealand Police Commissioner Mike Bush said that four people had been taken into custody, three men and one woman. As of 5:47 p.m. local time (12:47 a.m. ET), authorities said that a lock down of local schools had been lifted.

Bush said several explosives had been attached to vehicles. He added that there is no assumption the attack was contained to Christchurch.

“This is one of New Zealand’s darkest days,” said the country’s prime minister, Jacinda Ardern. “Clearly what has happened here is an extraordinary and unprecedented act of violence.”

She said during a news conference that authorities currently believe about 40 people had been killed in the attacks. More than 20 others were seriously injured, she added.

“It is clear that this can only be described as a terrorist attack,” the prime minister said, according to a transcript of her address.

Witnesses told media that a man dressed in a military-style, camouflage outfit, and carrying an automatic rifle had started randomly shooting people in the Al Noor mosque.

One Malaysian was injured in the attack, and three Indonesians survived the shooting while three more are unaccounted for, according to reports.

The commissioner said police had been dealing with two shootings at two mosques in Christchurch, one at Deans Avenue and one at Linwood Avenue. “Those locations remain locked down,” he said in a statement published at 6:06 p.m. local time.

“Police are still treating this incident as ongoing and Christchurch residents are strongly urged to stay indoors and keep safe, and monitor the Police website and social media for further information. We continue to utilize every possible resource to resolve the situation,” Bush said, adding that all mosques in the country had been asked to shut their doors.

Bush said he would not at this time “be discussing the offenders’ possible motivations or the causes of this incident.”

The Bangladesh cricket team was in the vicinity of the shooting but all members were safe, a team coach told media.

Radio New Zealand quoted a witness inside the mosque saying he heard shots fired and at least four people were lying on the ground and “there was blood everywhere.”

“Horrified to hear of Christchurch mosque shootings. There is never a justification for that sort of hatred,” said Amy Adams, a member of parliament from Christchurch.

The Bangladesh cricket team is in Christchurch to play New Zealand in a third cricket test starting on Saturday.

Mario Villavarayen, strength and conditioning coach of the Bangladesh cricket team was quoted by the New Zealand Herald as saying that the team was close to where the shooting occurred, but was safe.

“The players are shaken up but fine,” Villavarayen was quoted as saying.

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: everett rosenfeld, mark baker, ap photo
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SEC alleges Volkswagen ‘perpetrated a massive fraud’ and repeatedly lied to US investors

The Securities and Exchange Commission alleged in a court filing that Volkswagen “perpetrated a massive fraud” and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal. The regulator is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal. Winterkorn was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker’s diesel emissions cheating. Volkswagen said the SE


The Securities and Exchange Commission alleged in a court filing that Volkswagen “perpetrated a massive fraud” and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal. The regulator is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal. Winterkorn was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker’s diesel emissions cheating. Volkswagen said the SE
SEC alleges Volkswagen ‘perpetrated a massive fraud’ and repeatedly lied to US investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: robert ferris, everett rosenfeld, david gray
Keywords: news, cnbc, companies, automakers, complaint, alleges, perpetrated, massive, repeatedly, volkswagen, sec, fraud, lied, winterkorn, diesel, company, vehicles, securities, investors, emissions


SEC alleges Volkswagen 'perpetrated a massive fraud' and repeatedly lied to US investors

The Securities and Exchange Commission alleged in a court filing that Volkswagen “perpetrated a massive fraud” and repeatedly lied to U.S. investors in connection with the so-called dieselgate scandal.

The regulator is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal. The suit seeks to bar Winterkorn from serving as an officer or director of a public U.S. company and recover “ill-gotten gains.” Winterkorn was charged by U.S. prosecutors in 2018 and accused of conspiring to cover up the German automaker’s diesel emissions cheating.

The SEC said in its complaint filed in San Francisco that from April 2014 to May 2015, Volkswagen issued more than $13 billion in bonds and asset-backed securities in U.S. markets at a time when senior executives knew that more than 500,000 U.S. diesel vehicles grossly exceeded legal vehicle emissions limits.

“By concealing the emissions scheme, Volkswagen reaped hundreds of millions of dollars in benefit by issuing the securities at more attractive rates for the company,” the SEC said in a summary of its filing.

Volkswagen said the SEC complaint “is legally and factually flawed.” Reuters reported that a lawyer for Winterkorn could not immediately be reached early on Friday.

VW had said in its annual report that the SEC could take enforcement action against the company over the German automaker’s involvement in the emissions scandal.

The automaker said the agency is “piling on” and that the agency’s complaint is without merit.

The SEC has asked Volkswagen for information on potential securities law violations over certain investments the company may have sold to investors. The agency is looking for evidence determining whether the automaker failed to disclose information about vehicles that didn’t comply with U.S. emission standards when it issued certain securities to investors.

The SEC can issue fines and other civil penalties for violations of securities law.

One of the world’s largest carmakers, Volkswagen was rocked by reports first surfacing in 2015 that it had been caught cheating on emissions tests in the United States. The subsequent scandal cost Volkswagen billions of dollars to settle and forced the automakers to recall millions of vehicles.

Here is Volkswagen’s full statement to CNBC:

The SEC’s complaint is legally and factually flawed, and Volkswagen will contest it vigorously. The SEC has brought an unprecedented complaint over securities sold only to sophisticated investors who were not harmed and received all payments of interest and principal in full and on time. The SEC does not charge that any person involved in the bond issuance knew that Volkswagen diesel vehicles did not comply with U.S. emissions rules when these securities were sold, but simply repeats unproven claims about Volkswagen AG’s former CEO, who played no part in the sales. Regrettably, more than two years after Volkswagen entered into landmark, multibillion-dollar settlements in the United States with the Department of Justice, almost every state and nearly 600,000 consumers, the SEC is now piling on to try to extract more from the company.

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: robert ferris, everett rosenfeld, david gray
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Trump-Kim summit was cut short after North Korea demanded an end to sanctions, Trump says

U.S. President Donald Trump said Thursday he cut short his nuclear summit with North Korean leader Kim Jong Un because the two sides could not agree on sanctions. “It wasn’t a good thing to be signing anything,” Trump said during a post-summit news conference. The president said he had not committed to a third summit with Kim. Still, Trump described the talks as “productive,” and highlighted his relationship with his North Korean counterpart — “I think we’ll end up being very good friends.” “Bas


U.S. President Donald Trump said Thursday he cut short his nuclear summit with North Korean leader Kim Jong Un because the two sides could not agree on sanctions. “It wasn’t a good thing to be signing anything,” Trump said during a post-summit news conference. The president said he had not committed to a third summit with Kim. Still, Trump described the talks as “productive,” and highlighted his relationship with his North Korean counterpart — “I think we’ll end up being very good friends.” “Bas
Trump-Kim summit was cut short after North Korea demanded an end to sanctions, Trump says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: everett rosenfeld, jorge silva, linh pham, getty images
Keywords: news, cnbc, companies, trump, sanctions, trumpkim, short, north, demanded, president, summit, end, options, korean, korea, walk, wanted, cut, kim


Trump-Kim summit was cut short after North Korea demanded an end to sanctions, Trump says

U.S. President Donald Trump said Thursday he cut short his nuclear summit with North Korean leader Kim Jong Un because the two sides could not agree on sanctions.

“It wasn’t a good thing to be signing anything,” Trump said during a post-summit news conference. “We had some options, and at this time we decided not to do any of the options, and we’ll see where that goes.”

“Sometimes you have to walk, and this was just one of those times,” he added.

The president said he had not committed to a third summit with Kim. Still, Trump described the talks as “productive,” and highlighted his relationship with his North Korean counterpart — “I think we’ll end up being very good friends.”

At the end of the day, though, Trump said he “would not have been happy about” any deal he saw on the table for Thursday’s talks.

“Basically, they wanted the sanctions lifted in their entirety and we couldn’t do that,” Trump said. “They were willing to de-nuke a large portion of the areas that we wanted, but we couldn’t give up all of the sanctions for that. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. We had to walk away from that.”


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: everett rosenfeld, jorge silva, linh pham, getty images
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On North Korea giving up nukes, Trump says again and again: ‘No rush’

U.S. President Donald Trump said Thursday that he’s not prioritizing North Korea quickly giving up its nuclear weapons in a brief statement before more talks with the pariah state’s autocratic leader, Kim Jong Un. Instead, Trump said he is pleased that there was no evidence North Korea had conducted nuclear or ballistic missile tests in more than a year. “I very much appreciate no testing of nuclear rockets, missiles, any of it — very much appreciate it.” “I am in no rush — just we don’t want th


U.S. President Donald Trump said Thursday that he’s not prioritizing North Korea quickly giving up its nuclear weapons in a brief statement before more talks with the pariah state’s autocratic leader, Kim Jong Un. Instead, Trump said he is pleased that there was no evidence North Korea had conducted nuclear or ballistic missile tests in more than a year. “I very much appreciate no testing of nuclear rockets, missiles, any of it — very much appreciate it.” “I am in no rush — just we don’t want th
On North Korea giving up nukes, Trump says again and again: ‘No rush’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: everett rosenfeld, saul loeb, afp, getty images, ray tang anadolu agency getty images, -steve okun, senior advisor at mclarty associates, -richard fenning, ceo of risk consultancy control risks
Keywords: news, cnbc, companies, trump, rush, yearspeed, north, nuclear, president, nukes, quickly, appreciate, testing, korea, weve, giving


On North Korea giving up nukes, Trump says again and again: 'No rush'

U.S. President Donald Trump said Thursday that he’s not prioritizing North Korea quickly giving up its nuclear weapons in a brief statement before more talks with the pariah state’s autocratic leader, Kim Jong Un.

Instead, Trump said he is pleased that there was no evidence North Korea had conducted nuclear or ballistic missile tests in more than a year.

“Speed is not that important to me,” the president said. “I very much appreciate no testing of nuclear rockets, missiles, any of it — very much appreciate it.”

“I am in no rush — just we don’t want the testing and we’ve developed something very special with respect to that,” Trump added.

That marked a step back from Trump’s claim last year that Pyongyang would begin relinquishing its nuclear capabilities “very, very quickly.” In fact, the president repeatedly emphasized Thursday morning that he was not looking to find a solution to North Korea’s nuclear threat by the end of this week’s summit in Hanoi, Vietnam.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: everett rosenfeld, saul loeb, afp, getty images, ray tang anadolu agency getty images, -steve okun, senior advisor at mclarty associates, -richard fenning, ceo of risk consultancy control risks
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Trump meets Vietnam officials, previews summit with Kim: ‘We’ll see what happens’

U.S. President Donald Trump and North Korean leader Kim Jong Un are set to face each other this week for their second summit in less than a year. But first, Trump attended a raft of events with officials from Vietnam, which is playing host to the U.S.-North Korean talks for two days. The American president kicked off his Wednesday schedule with a visit to the Presidential Palace in Hanoi, where he met with Vietnamese President Nguyen Phu Trong for a photo op and bilateral talks. During that meet


U.S. President Donald Trump and North Korean leader Kim Jong Un are set to face each other this week for their second summit in less than a year. But first, Trump attended a raft of events with officials from Vietnam, which is playing host to the U.S.-North Korean talks for two days. The American president kicked off his Wednesday schedule with a visit to the Presidential Palace in Hanoi, where he met with Vietnamese President Nguyen Phu Trong for a photo op and bilateral talks. During that meet
Trump meets Vietnam officials, previews summit with Kim: ‘We’ll see what happens’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: everett rosenfeld, evan vucci, ap photo, chery kang, -tong zhao, fellow, carnegie-tsinghua center for global policy
Keywords: news, cnbc, companies, nguyen, meets, korean, officials, set, trump, president, north, vietnam, previews, vietnams, kim, summit, talks, happens, vietnamese


Trump meets Vietnam officials, previews summit with Kim: 'We'll see what happens'

U.S. President Donald Trump and North Korean leader Kim Jong Un are set to face each other this week for their second summit in less than a year.

But first, Trump attended a raft of events with officials from Vietnam, which is playing host to the U.S.-North Korean talks for two days.

The American president kicked off his Wednesday schedule with a visit to the Presidential Palace in Hanoi, where he met with Vietnamese President Nguyen Phu Trong for a photo op and bilateral talks. During that meeting, Trump praised Vietnam’s “thriving” economy, and said the country is “an example as to what can happen with good thinking.”

Those compliments were set against the backdrop of Trump saying in a morning Twitter post that North Korea’s economy could do as well as Vietnam’s if Kim agreed to give up his nation’s nuclear weapons.

After his time with the Vietnamese president, Trump headed to meetings with Vietnamese Prime Minister Nguyen Xuan Phuc.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: everett rosenfeld, evan vucci, ap photo, chery kang, -tong zhao, fellow, carnegie-tsinghua center for global policy
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Trump and Kim meet face-to-face in Vietnam as second summit kicks off

U.S. President Donald Trump and North Korean leader Kim Jong Un on Wednesday met face-to-face for the first time since their historic summit last year. Trump is pushing North Korea to give up its nuclear weapons as he dangles the prospect of an economic boost to the hermit nation. Kim wants to see sanctions eased without losing the strategic benefits of his weapons of mass destruction. The summit kicked off with a brief one-on-one meeting between the two leaders at the historic Metropole hotel i


U.S. President Donald Trump and North Korean leader Kim Jong Un on Wednesday met face-to-face for the first time since their historic summit last year. Trump is pushing North Korea to give up its nuclear weapons as he dangles the prospect of an economic boost to the hermit nation. Kim wants to see sanctions eased without losing the strategic benefits of his weapons of mass destruction. The summit kicked off with a brief one-on-one meeting between the two leaders at the historic Metropole hotel i
Trump and Kim meet face-to-face in Vietnam as second summit kicks off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: everett rosenfeld, evan vucci, ap photo, eunice yoon, -tong zhao, fellow, carnegie-tsinghua center for global policy
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Trump and Kim meet face-to-face in Vietnam as second summit kicks off

U.S. President Donald Trump and North Korean leader Kim Jong Un on Wednesday met face-to-face for the first time since their historic summit last year.

This time around, the heads of the two nuclear-armed nations are squaring off in Vietnam for two days of talks that are set to focus on many of the same issues they debated last June in Singapore.

Trump is pushing North Korea to give up its nuclear weapons as he dangles the prospect of an economic boost to the hermit nation. Kim wants to see sanctions eased without losing the strategic benefits of his weapons of mass destruction.

The summit kicked off with a brief one-on-one meeting between the two leaders at the historic Metropole hotel in Hanoi. Trump and Kim were then joined by U.S. Secretary of State Mike Pompeo, acting White House chief of staff Mick Mulvaney and two North Korean officials for what the White House deemed a “social dinner.”


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: everett rosenfeld, evan vucci, ap photo, eunice yoon, -tong zhao, fellow, carnegie-tsinghua center for global policy
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Egyptian billionaire: Trump is right about China

Egyptian billionaire Naguib Sawiris didn’t mince words in his evaluation of the ongoing trade war between the U.S. and China and the security concerns about Chinese telecommunications giant Huawei. Beijing has long taken advantage of other countries and U.S. President Donald Trump is right to seek changes out of Asia’s largest economy, he told CNBC’s Hadley Gamble on Tuesday. “President Trump is right about that: This has been a long time where we closed eyes on China raping us. If you tell them


Egyptian billionaire Naguib Sawiris didn’t mince words in his evaluation of the ongoing trade war between the U.S. and China and the security concerns about Chinese telecommunications giant Huawei. Beijing has long taken advantage of other countries and U.S. President Donald Trump is right to seek changes out of Asia’s largest economy, he told CNBC’s Hadley Gamble on Tuesday. “President Trump is right about that: This has been a long time where we closed eyes on China raping us. If you tell them
Egyptian billionaire: Trump is right about China Cached Page below :
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Keywords: news, cnbc, companies, trump, tell, think, billionaire, war, change, egyptian, china, sawiris, need, world, trade, right


Egyptian billionaire: Trump is right about China

Egyptian billionaire Naguib Sawiris didn’t mince words in his evaluation of the ongoing trade war between the U.S. and China and the security concerns about Chinese telecommunications giant Huawei.

Beijing has long taken advantage of other countries and U.S. President Donald Trump is right to seek changes out of Asia’s largest economy, he told CNBC’s Hadley Gamble on Tuesday.

“President Trump is right about that: This has been a long time where we closed eyes on China raping us. So, by the time you come and tell them, ‘You need to change,’ I mean, they just used to be so comfortable and do whatever they want,” he said. “But I think the leadership is smart, so they will change what they can change. If you tell them, ‘You need to change your whole system,’ they won’t be doing that.”

“So we need to see what we can get without disrupting their system,” Sawiris added, noting that he sees potential for change in “lots of things,” including by importing more from trade partners.

Given that, he expressed optimism about the future for trade negotiations between the U.S. and China: “I think they’ll come to a conclusion — because China has more ambition than to start now another aggravation.”

Still, overall, he said, “the political situation in the whole world has never been worse.”

“People expect wars … whether it’s a trade war or its a real war,” Sawiris said, noting a list of geopolitical hot spots including “the Middle East in disarray” and China pressuring Taiwan. “It’s just not like a very stable world today.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: everett rosenfeld, diego levy bloomberg getty images
Keywords: news, cnbc, companies, trump, tell, think, billionaire, war, change, egyptian, china, sawiris, need, world, trade, right


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