Arrest of Huawei CFO shows ‘the gloves are now fully off,’ says Eurasia Group

The arrest of Huawei’s global chief financial officer in Canada, reportedly related to a violation of U.S. sanctions, will corrode trade negotiations between Washington and Beijing, risk consultancy Eurasia Group said Thursday. “Beijing is likely to react angrily to this latest arrest of a Chinese citizen in a third country for violating U.S. law,” Eurasia analysts wrote. Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradit


The arrest of Huawei’s global chief financial officer in Canada, reportedly related to a violation of U.S. sanctions, will corrode trade negotiations between Washington and Beijing, risk consultancy Eurasia Group said Thursday. “Beijing is likely to react angrily to this latest arrest of a Chinese citizen in a third country for violating U.S. law,” Eurasia analysts wrote. Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradit
Arrest of Huawei CFO shows ‘the gloves are now fully off,’ says Eurasia Group Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: huileng tan, photographer, collection, getty images, source
Keywords: news, cnbc, companies, related, statement, cfo, fully, sanctions, chinese, violation, group, trade, telecommunications, arrest, gloves, told, huawei, shows, eurasia


Arrest of Huawei CFO shows 'the gloves are now fully off,' says Eurasia Group

The arrest of Huawei’s global chief financial officer in Canada, reportedly related to a violation of U.S. sanctions, will corrode trade negotiations between Washington and Beijing, risk consultancy Eurasia Group said Thursday.

“Beijing is likely to react angrily to this latest arrest of a Chinese citizen in a third country for violating U.S. law,” Eurasia analysts wrote.

In fact, Global Times — a hyper-nationalistic tabloid tied to the Chinese Communist Party — responded to the arrest by posting on Twitter a statement about trade war escalation it attributed to an expert “close to the Chinese Ministry of Commerce.”

“China should be fully prepared for an escalation in the #tradewar with the US, as the US will not ease its stance on China, and the recent arrest of the senior executive of #Huawei is a vivid example,” said the statement, paired with a photo of opposing fists with Chinese and American flags superimposed upon them.

Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradition to the U.S. The arrest is related to violations of U.S. sanctions, a person familiar with the matter told Reuters.

U.S. authorities have been probing Huawei, one of the world’s largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws, sources told Reuters in April.

The analysts said the Huawei executive’s arrest will not derail the start of trade negotiations after U.S. President Donald Trump and Chinese President Xi Jinping’s meeting last weekend in Argentina saw them agree to first steps to resolve their trade dispute. Still, they acknowledged, the incident involving Chinese telecommunications giant Huawei is likely to cloud talks.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: huileng tan, photographer, collection, getty images, source
Keywords: news, cnbc, companies, related, statement, cfo, fully, sanctions, chinese, violation, group, trade, telecommunications, arrest, gloves, told, huawei, shows, eurasia


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There will be an oil shortage in the 2020’s, Goldman Sachs says

An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors. “In the 2020’s we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production,” Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sa


An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors. “In the 2020’s we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production,” Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sa
There will be an oil shortage in the 2020’s, Goldman Sachs says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: david reid
Keywords: news, cnbc, companies, shortage, future, vigna, invest, oil, told, energy, fully, goldman, sachs, 2020s


There will be an oil shortage in the 2020's, Goldman Sachs says

An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production.

Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors.

“In the 2020’s we are going to have a clear physical shortage of oil because nobody is allowed to fully invest in future oil production,” Michele Della Vigna, Head of EMEA Natural Resources Research at Goldman Sachs told CNBC Friday.

“The low carbon transition will come through higher, not lower oil prices,” he told CNBC’s “Squawk Box Europe.”

Della Vigna said “Big Oils” are starting to understand that if they want to be widely owned by investors, they need to show that they are serious about minimizing the amount of carbon in the atmosphere.


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: david reid
Keywords: news, cnbc, companies, shortage, future, vigna, invest, oil, told, energy, fully, goldman, sachs, 2020s


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Amazon and Cisco have a new product for companies that aren’t ready to fully embrace the cloud

Cisco previously announced partnerships with the other two major cloud providers, Google and Microsoft, but Amazon is by far the leader in the cloud infrastructure market. Amazon offers a service for deploying containers on servers in its data centers, and Cisco has developed software that works on servers that companies manage themselves. Cisco remains a powerful player in the world of traditional data centers, where companies are buying their own networking switches and routers. But increasing


Cisco previously announced partnerships with the other two major cloud providers, Google and Microsoft, but Amazon is by far the leader in the cloud infrastructure market. Amazon offers a service for deploying containers on servers in its data centers, and Cisco has developed software that works on servers that companies manage themselves. Cisco remains a powerful player in the world of traditional data centers, where companies are buying their own networking switches and routers. But increasing
Amazon and Cisco have a new product for companies that aren’t ready to fully embrace the cloud Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: jordan novet, ashlee espinal
Keywords: news, cnbc, companies, product, embrace, announced, centers, fully, data, cisco, software, arent, ready, way, ciscos, companies, amazon, cloud


Amazon and Cisco have a new product for companies that aren't ready to fully embrace the cloud

Amazon Web Services and Cisco announced on Thursday that they’re teaming up on a product that will allow developers to build applications in the cloud or in traditional data centers while making it easier for them to move between the two.

It’s Cisco’s latest effort to create hybrid options for customers that want to push work to the cloud but still need to run some projects on their own hardware for privacy and regulatory reasons. Cisco previously announced partnerships with the other two major cloud providers, Google and Microsoft, but Amazon is by far the leader in the cloud infrastructure market.

The broad trend they’re playing into with the new offering is around containers, a modern way for developers to move code between machines. Amazon offers a service for deploying containers on servers in its data centers, and Cisco has developed software that works on servers that companies manage themselves.

Both draw on the Kubernetes open-source software, which originated at Google.

“Containers are the way applications are built today,” said David Goeckeler, executive vice president and general manager of Cisco’s networking and security business, in an interview. “The question is where are they going to run it.”

Cisco remains a powerful player in the world of traditional data centers, where companies are buying their own networking switches and routers. But increasingly that infrastructure has moved to the cloud, making it difficult for Cisco and other data center companies to find growth in their main markets. VMware announced a partnership with AWS two years ago and has since made its management software available on the Amazon cloud.

Cisco will sell and provide commercial support for the technology, which it’s calling Cisco Hybrid Solution for Kubernetes on AWS, starting at $65,000 per year when it becomes available next month. Companies will also be able to buy specialty hardware that comes with the software.

WATCH: Cisco’s CEO on its changing business model


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: jordan novet, ashlee espinal
Keywords: news, cnbc, companies, product, embrace, announced, centers, fully, data, cisco, software, arent, ready, way, ciscos, companies, amazon, cloud


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‘Fully confident’ White House receives FBI report on Kavanaugh

The White House received the Federal Bureau of Investigation’s report on sexual misconduct allegations against U.S. Supreme Court nominee Brett Kavanaugh and is “fully confident” the Senate will approve his nomination, a spokesman said. The chamber was expected to receive the report early on Thursday, two sources familiar with the matter told Reuters. Senators had been given ample time to review the background investigation and the White House was “fully confident” they would endorse Kavanaugh,


The White House received the Federal Bureau of Investigation’s report on sexual misconduct allegations against U.S. Supreme Court nominee Brett Kavanaugh and is “fully confident” the Senate will approve his nomination, a spokesman said. The chamber was expected to receive the report early on Thursday, two sources familiar with the matter told Reuters. Senators had been given ample time to review the background investigation and the White House was “fully confident” they would endorse Kavanaugh,
‘Fully confident’ White House receives FBI report on Kavanaugh Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-04  Authors: andrew harnik, afp, getty images
Keywords: news, cnbc, companies, told, receives, nomination, house, confident, trump, vote, kavanaugh, senate, republican, cloture, fbi, white, report, fully


'Fully confident' White House receives FBI report on Kavanaugh

The White House received the Federal Bureau of Investigation’s report on sexual misconduct allegations against U.S. Supreme Court nominee Brett Kavanaugh and is “fully confident” the Senate will approve his nomination, a spokesman said.

The chamber was expected to receive the report early on Thursday, two sources familiar with the matter told Reuters.

Senators were to be granted access to review it during the day before a procedural vote, Majority Leader Mitch McConnell said on Wednesday.

Senators had been given ample time to review the background investigation and the White House was “fully confident” they would endorse Kavanaugh, the administration’s Deputy Press Secretary Raj Shah said in a tweet early on Thursday.

Several people with information related to allegations against Kavanaugh told Reuters they had not heard from the FBI, suggesting its report may be narrower than was desired by some of the lawmakers who demanded it just days ago.

With the report’s conclusions as yet unclear, a partisan struggle over it has been developing.

U.S. President Donald Trump and the Senate Republican leadership are battling to corral enough support for a majority vote for Kavanaugh, a conservative federal appeals court judge, while Democrats are in near unanimity against him.

McConnell, a Republican, filed a petition for a cloture vote, which if successful would limit debate on the nomination and start the clock ticking on a final 30-hour waiting period before a Senate confirmation vote.

After filing a cloture petition, lawmakers must wait one legislative day before proceeding to a vote, according to Senate rules. That means a cloture vote could come on Friday morning at the soonest.

Christine Blasey Ford, a college professor from California who accused Kavanaugh of assaulting her in 1982 when they were high school students, has not been contacted by the FBI, her attorneys said.

As Senate Republican leaders marched toward a final vote on Kavanaugh’s nomination, the three Republicans who could be key to whether Kavanaugh is confirmed — Senators Jeff Flake, Susan Collins, and Lisa Murkowski — criticized Trump for mocking Ford at a political rally in Mississippi on Tuesday.

Ford, who testified last week at an extraordinary Senate Judiciary Committee hearing, said she could not remember the precise date or location of the alleged assault or how she got home later, but offered a detailed account of the incident.

WATCH: Trump’s fight against ‘fake news’ has been a boon for media companies


Company: cnbc, Activity: cnbc, Date: 2018-10-04  Authors: andrew harnik, afp, getty images
Keywords: news, cnbc, companies, told, receives, nomination, house, confident, trump, vote, kavanaugh, senate, republican, cloture, fbi, white, report, fully


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1 dead as 89,000 pounds of ham recalled over listeria concerns

A North Carolina company is recalling more than 89,000 pounds of ready-to-eat ham products for possible listeria contamination that has led to one death and three illnesses. The ready-to-eat deli-loaf ham items, which weighed between seven and eight pounds, were shipped to distributors in North Carolina, South Carolina, New York, Maryland and Virginia. The ham products were plastic-wrapped and carried one of five different labels including “Johnson County Hams Inc., Country Style Fully Cooked Bo


A North Carolina company is recalling more than 89,000 pounds of ready-to-eat ham products for possible listeria contamination that has led to one death and three illnesses. The ready-to-eat deli-loaf ham items, which weighed between seven and eight pounds, were shipped to distributors in North Carolina, South Carolina, New York, Maryland and Virginia. The ham products were plastic-wrapped and carried one of five different labels including “Johnson County Hams Inc., Country Style Fully Cooked Bo
1 dead as 89,000 pounds of ham recalled over listeria concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-04  Authors: mike snider, adriana marteva, eyeem, getty images
Keywords: news, cnbc, companies, cooked, concerns, country, north, hams, deli, products, carolina, ham, 89000, pounds, fully, listeria, dead, recalled


1 dead as 89,000 pounds of ham recalled over listeria concerns

A North Carolina company is recalling more than 89,000 pounds of ready-to-eat ham products for possible listeria contamination that has led to one death and three illnesses.

Johnson County Hams of Smithfield, North Carolina, has recalled the products, produced between April 3, 2017, and Oct. 2, 2018, according to the Department of Agriculture. The ready-to-eat deli-loaf ham items, which weighed between seven and eight pounds, were shipped to distributors in North Carolina, South Carolina, New York, Maryland and Virginia.

An investigation by the Centers for Disease Control and Prevention, the USDA’s Food Safety and Inspection Service and state officials identified a link between one death and three illnesses and listeria monocytogenes found in deli ham produced at the company. The investigation, which is ongoing, found listeria cases occurring between July 8, 2017 and August 11, 2018, the USDA says.

Listeriosis is a serious infection typically caused by eating food contaminated with the bacterium Listeria monocytogenes, the contaminant found in the ham.

An estimated 1,600 people get listeriosis each year, and about 260 die, according to the CDC. The infection is most likely to cause illness in pregnant women and their newborns, adults ages 65 or older, and people with weakened immune systems, the agency says.

The ham products were plastic-wrapped and carried one of five different labels including “Johnson County Hams Inc., Country Style Fully Cooked Boneless Deli Ham,” “Goodnight Brothers Country Ham Boneless Fully Cooked,” and “Padow’s Hams & Deli, Inc. Fully Cooked Country Ham Boneless Glazed with Brown Sugar.”

Hams labelled “Ole Fashioned Sugar Cured, The Old Dominion Brand Hams Premium Fully Cooked Country Ham” and “Premium Fully Cooked Country Ham, Less Salt, Distributed By: Valley Country Hams LLC” had specific sell-by dates from April 10, 2018 to Sept. 27, 2019.

The USDA, which was notified about an illness on Sept. 27, is concerned that some shoppers may have the ham products in their freezers. Consumers who bought the products should not eat them and, instead, should throw them away or return them to the store where they were purchased.

Consumers with questions about the recall can contact the company’s plant manager Rufus Brown at 919-934-8054.


Company: cnbc, Activity: cnbc, Date: 2018-10-04  Authors: mike snider, adriana marteva, eyeem, getty images
Keywords: news, cnbc, companies, cooked, concerns, country, north, hams, deli, products, carolina, ham, 89000, pounds, fully, listeria, dead, recalled


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Blockchain is ‘not ready yet’ to fully support the global supply chain, CEO says

Blockchain technology is not yet mature enough to fully support the global supply chain, according to the CEO and co-founder of Tradeshift, a digital invoicing start-up. Tradeshift is a start-up in the supply chain payments and marketplaces space. To solve the issue, companies need technologies that can digitize their supply chains so that they can respond to change quickly, he said. Blockchain is one such technology that experts say could have the potential to shake up the global supply chain.


Blockchain technology is not yet mature enough to fully support the global supply chain, according to the CEO and co-founder of Tradeshift, a digital invoicing start-up. Tradeshift is a start-up in the supply chain payments and marketplaces space. To solve the issue, companies need technologies that can digitize their supply chains so that they can respond to change quickly, he said. Blockchain is one such technology that experts say could have the potential to shake up the global supply chain.
Blockchain is ‘not ready yet’ to fully support the global supply chain, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, global, say, using, supply, chains, fully, think, technology, ready, chain, lanng, blockchain, stakeholders, support, ceo


Blockchain is 'not ready yet' to fully support the global supply chain, CEO says

Blockchain technology is not yet mature enough to fully support the global supply chain, according to the CEO and co-founder of Tradeshift, a digital invoicing start-up.

Using blockchain is a great idea when there are multiple stakeholders involved since the ledger records every transaction that takes place, Christian Lanng told CNBC at the World Economic Forum in Tianjin, China on Wednesday.

Supply chains “often have many different stakeholders touching goods, moving them around,” he said. “If you want to have authenticity, if you want to know where it is sourced, that it is done in a responsible way … (blockchain) is a great technology to manage that kind of flow and be sure of the integrity.”

“The problem is just it’s not a high-performance technology,” he said, adding that it is also expensive.

Tradeshift is a start-up in the supply chain payments and marketplaces space. The company helps other businesses send and pay invoices using software, instead of using traditional offline methods that are often costly and inefficient.

As of July, the company raised more than $400 million in funds and was valued at $1.1 billion.

One of the main problems is that existing supply chains were not built for change, according to Lanng. To solve the issue, companies need technologies that can digitize their supply chains so that they can respond to change quickly, he said.

Blockchain is one such technology that experts say could have the potential to shake up the global supply chain. But Lanng warned about the hype surrounding the technology.

“Whenever people say blockchain, I think what they’re really saying is they would like to connect things digitally,” he said. “I don’t think blockchain is a mature enough technology yet to carry that … I also want to be a little bit cautious for some of the hype.”


Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, global, say, using, supply, chains, fully, think, technology, ready, chain, lanng, blockchain, stakeholders, support, ceo


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This chart could explain why the bitcoin bubble hasn’t fully burst

Van der Burgt said the correlation between Google searches for bitcoin and the cryptocurrency’s price was almost a “perfect match” until the end of 2017. He said it might not be a coincidence that was also when bitcoin futures markets were introduced. Van der Burgt compared Google searches for other popular assets like gold to their prices and found no correlation. Van der Burgt said bitcoin’s price movements closely traced the beginning stages of a bubble, but fell short of the panic phase. “It


Van der Burgt said the correlation between Google searches for bitcoin and the cryptocurrency’s price was almost a “perfect match” until the end of 2017. He said it might not be a coincidence that was also when bitcoin futures markets were introduced. Van der Burgt compared Google searches for other popular assets like gold to their prices and found no correlation. Van der Burgt said bitcoin’s price movements closely traced the beginning stages of a bubble, but fell short of the panic phase. “It
This chart could explain why the bitcoin bubble hasn’t fully burst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-31  Authors: elizabeth schulze, source, joost van der burgt
Keywords: news, cnbc, companies, price, searches, futures, burst, fully, bitcoin, chart, burgt, der, explain, prices, bubble, stages, van


This chart could explain why the bitcoin bubble hasn't fully burst

“Every time bitcoin was in the news, be it positive or negative, the price went up accordingly,” van der Burgt said in a phone interview with CNBC on Wednesday.

Van der Burgt said the correlation between Google searches for bitcoin and the cryptocurrency’s price was almost a “perfect match” until the end of 2017. He said it might not be a coincidence that was also when bitcoin futures markets were introduced.

“My take on it is that because of the introduction of futures, that might have deflated the bubble before it got to a level where it might burst completely,” he said.

Separate research published in May by researchers at the San Francisco Federal Reserve also found bitcoin’s price dive was linked to the launch of a futures markets.

Van der Burgt compared Google searches for other popular assets like gold to their prices and found no correlation. He said public awareness about an investment can help drive its prices to sky-high levels.

“If the buzz is everywhere, it doesn’t matter exactly what the news is about… nobody wants to miss out and everybody’s trying to get a piece of it,” he said.

This has historically been characterized as the “euphoria” phase of a bubble, based on economist Hyman Minsky’s financial instability hypothesis. Minsky’s theory became well-known during the global financial crisis as it identified five stages of a bubble: displacement, boom, euphoria, profit-taking and panic.

Van der Burgt said bitcoin’s price movements closely traced the beginning stages of a bubble, but fell short of the panic phase. The cryptocurrency is currently trading near $7,000 according to Coindesk, well below its December 2017 high of nearly $20,000.

“It wasn’t really panic, it was more of a scare,” Van der Burgt said.


Company: cnbc, Activity: cnbc, Date: 2018-08-31  Authors: elizabeth schulze, source, joost van der burgt
Keywords: news, cnbc, companies, price, searches, futures, burst, fully, bitcoin, chart, burgt, der, explain, prices, bubble, stages, van


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Court orders Trump administration to fully reinstate DACA program

A federal judge on Friday ruled that the Trump administration must fully restore a program that protects from deportation some young immigrants who were brought to the United States illegally as children, including accepting new applications for the program. Bates first issued a ruling in April ordering the federal government to continue the Deferred Action for Childhood Arrivals, or DACA, program, including taking applications. He stayed that ruling for 90 days to give the government time to be


A federal judge on Friday ruled that the Trump administration must fully restore a program that protects from deportation some young immigrants who were brought to the United States illegally as children, including accepting new applications for the program. Bates first issued a ruling in April ordering the federal government to continue the Deferred Action for Childhood Arrivals, or DACA, program, including taking applications. He stayed that ruling for 90 days to give the government time to be
Court orders Trump administration to fully reinstate DACA program Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-04  Authors: nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, administration, federal, young, including, program, president, reinstate, fully, trumps, daca, orders, ruling, bates, trump, court


Court orders Trump administration to fully reinstate DACA program

A federal judge on Friday ruled that the Trump administration must fully restore a program that protects from deportation some young immigrants who were brought to the United States illegally as children, including accepting new applications for the program.

U.S. District Judge John Bates in Washington, D.C., said he would stay Friday’s order, however, until August 23 to give the administration time to decide whether to appeal. Bates first issued a ruling in April ordering the federal government to continue the Deferred Action for Childhood Arrivals, or DACA, program, including taking applications. He stayed that ruling for 90 days to give the government time to better explain why the program should be ended.

On Friday Bates, who was appointed by former President George W. Bush, a Republican, said he would not revise his previous ruling because the arguments of President Donald Trump’s administration did not override his concerns.

Under DACA, roughly 700,000 young adults, often referred to as “Dreamers”, were protected from deportation and given work permits for two-year periods, after which they must re-apply to the program.

The program was created in 2012 under former President Barack Obama, a Democrat.

Two other federal courts in California and New York had previously ordered that DACA remain in place while litigation challenging Trump’s decision to end it continued. Those rulings only required the government to process DACA renewals, not new applications.

Another lawsuit in a Texas federal court is seeking to end DACA.

A spokesman for the U.S. Department of Justice said on Friday that the government would continue to defend its position that it “acted within its lawful authority in deciding to wind down DACA in an orderly manner.”

Congress so far has failed to pass legislation to address the fate of the Dreamers, including a potential path to citizenship.

Friday’s ruling came in lawsuits filed by several groups and institutions, including the National Association for the Advancement of Colored People and Princeton University.


Company: cnbc, Activity: cnbc, Date: 2018-08-04  Authors: nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, administration, federal, young, including, program, president, reinstate, fully, trumps, daca, orders, ruling, bates, trump, court


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Germany: We can no longer fully rely on US White House

Germany’s foreign minister said on Monday Europe could not rely on Donald Trump and needed to close ranks after the U.S. president called the European Union a “foe” with regard to trade. “We can no longer completely rely on the White House,” Heiko Maas told the Funke newspaper group. “To maintain our partnership with the USA we must readjust it. The first clear consequence can only be that we need to align ourselves even more closely in Europe.”He added: “Europe must not let itself be divided ho


Germany’s foreign minister said on Monday Europe could not rely on Donald Trump and needed to close ranks after the U.S. president called the European Union a “foe” with regard to trade. “We can no longer completely rely on the White House,” Heiko Maas told the Funke newspaper group. “To maintain our partnership with the USA we must readjust it. The first clear consequence can only be that we need to align ourselves even more closely in Europe.”He added: “Europe must not let itself be divided ho
Germany: We can no longer fully rely on US White House Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-16  Authors: abdulhamid hosbas, anadolu agency, getty images
Keywords: news, cnbc, companies, usa, rely, fully, europe, verbal, union, longer, trump, white, told, tweets, germany, tradewe, house


Germany: We can no longer fully rely on US White House

Germany’s foreign minister said on Monday Europe could not rely on Donald Trump and needed to close ranks after the U.S. president called the European Union a “foe” with regard to trade.

“We can no longer completely rely on the White House,” Heiko Maas told the Funke newspaper group. “To maintain our partnership with the USA we must readjust it. The first clear consequence can only be that we need to align ourselves even more closely in Europe.”

He added: “Europe must not let itself be divided however sharp the verbal attacks and absurd the tweets may be.”


Company: cnbc, Activity: cnbc, Date: 2018-07-16  Authors: abdulhamid hosbas, anadolu agency, getty images
Keywords: news, cnbc, companies, usa, rely, fully, europe, verbal, union, longer, trump, white, told, tweets, germany, tradewe, house


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New Italian economy minister vows to stay in euro, cut debt level

Italy’s government has no intention of leaving the euro and plans to focus on cutting debt levels, looking to boost growth through investment and structural reforms rather than deficit spending, the new economy minister said. In his first interview since taking office a week ago, Giovanni Tria told Corriere della Sera newspaper that he aimed to meet existing debt targets for 2018 and 2019, adding that Italy’s debt commitments were fully sustainable. “Our goal is (to lift) growth and employment.


Italy’s government has no intention of leaving the euro and plans to focus on cutting debt levels, looking to boost growth through investment and structural reforms rather than deficit spending, the new economy minister said. In his first interview since taking office a week ago, Giovanni Tria told Corriere della Sera newspaper that he aimed to meet existing debt targets for 2018 and 2019, adding that Italy’s debt commitments were fully sustainable. “Our goal is (to lift) growth and employment.
New Italian economy minister vows to stay in euro, cut debt level Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-10  Authors: giulio napolitano, bloomberg, getty images
Keywords: news, cnbc, companies, tria, fully, italian, week, level, minister, vows, economy, italys, euro, spending, told, growth, adding, debt, deficit, stay, cut


New Italian economy minister vows to stay in euro, cut debt level

Italy’s government has no intention of leaving the euro and plans to focus on cutting debt levels, looking to boost growth through investment and structural reforms rather than deficit spending, the new economy minister said.

In his first interview since taking office a week ago, Giovanni Tria told Corriere della Sera newspaper that he aimed to meet existing debt targets for 2018 and 2019, adding that Italy’s debt commitments were fully sustainable.

“Our goal is (to lift) growth and employment. But we do not plan on reviving growth through deficit spending,” Tria said, adding that he would present new economic forecasts and government goals in September.

“These will be fully coherent with the objective of continuing on the path of lowering the debt/GDP ratio,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-06-10  Authors: giulio napolitano, bloomberg, getty images
Keywords: news, cnbc, companies, tria, fully, italian, week, level, minister, vows, economy, italys, euro, spending, told, growth, adding, debt, deficit, stay, cut


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