Carrie Lam suggests foreign influence in Hong Kong protests: ‘Perhaps there is something at work’

Hong Kong leader Carrie Lam hasn’t ruled out the possibility that a foreign country has funded political protests that have roiled the city-state over the last nine months. Asked by CNBC’s Geoff Cutmore on Tuesday about who might be backing the demonstrators, who have appeared to be well organized, she said: “Well, I have no conclusive evidence to answer your question, but it is for all to see that what has happened in Hong Kong on this occasion has attracted disproportionate commentary from Wes


Hong Kong leader Carrie Lam hasn’t ruled out the possibility that a foreign country has funded political protests that have roiled the city-state over the last nine months.
Asked by CNBC’s Geoff Cutmore on Tuesday about who might be backing the demonstrators, who have appeared to be well organized, she said: “Well, I have no conclusive evidence to answer your question, but it is for all to see that what has happened in Hong Kong on this occasion has attracted disproportionate commentary from Wes
Carrie Lam suggests foreign influence in Hong Kong protests: ‘Perhaps there is something at work’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: matt clinch
Keywords: news, cnbc, companies, reporting, media, disproportionate, conclusive, suggests, influence, fair, hong, protests, kong, carrie, evidence, lam, work, world, foreign


Carrie Lam suggests foreign influence in Hong Kong protests: 'Perhaps there is something at work'

Hong Kong leader Carrie Lam hasn’t ruled out the possibility that a foreign country has funded political protests that have roiled the city-state over the last nine months.

Asked by CNBC’s Geoff Cutmore on Tuesday about who might be backing the demonstrators, who have appeared to be well organized, she said: “Well, I have no conclusive evidence to answer your question, but it is for all to see that what has happened in Hong Kong on this occasion has attracted disproportionate commentary from Western media, from overseas governments and politicians.”

“At the same time we have seen riots taking place in other parts of the world, but the disproportionate reporting of Hong Kong has been assessed by an agency on fair reporting in the United States,” she said in an interview at the World Economic Forum in Davos, Switzerland. Several Chinese media reports have pointed to a report by FAIR, a media critique organization based in New York, which was released in December.

“And I do feel that perhaps there is something at work, although I said there hasn’t been any conclusive evidence, so there is a bigger picture other than the domestic situation,” Lam said.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: matt clinch
Keywords: news, cnbc, companies, reporting, media, disproportionate, conclusive, suggests, influence, fair, hong, protests, kong, carrie, evidence, lam, work, world, foreign


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Putin consolidates power as Russian government resigns

Russia’s government resigned Wednesday to make way for major new constitutional changes, according to the Tass state news agency, citing Prime Minister Dmitry Medvedev. Without giving much detail, the news agency said President Vladimir Putin thanked Medvedev’s government for its work. The move was reportedly made so Putin can carry out sweeping constitutional changes he spoke about at his annual address just hours earlier. The Russian leader proposed a national vote on constitutional changes th


Russia’s government resigned Wednesday to make way for major new constitutional changes, according to the Tass state news agency, citing Prime Minister Dmitry Medvedev.
Without giving much detail, the news agency said President Vladimir Putin thanked Medvedev’s government for its work.
The move was reportedly made so Putin can carry out sweeping constitutional changes he spoke about at his annual address just hours earlier.
The Russian leader proposed a national vote on constitutional changes th
Putin consolidates power as Russian government resigns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: matt clinch holly ellyatt, matt clinch, holly ellyatt
Keywords: news, cnbc, companies, putin, changes, constitutional, work, russian, prime, consolidates, power, minister, president, resigns, ministers, according


Putin consolidates power as Russian government resigns

Russia’s government resigned Wednesday to make way for major new constitutional changes, according to the Tass state news agency, citing Prime Minister Dmitry Medvedev.

Without giving much detail, the news agency said President Vladimir Putin thanked Medvedev’s government for its work. The move was reportedly made so Putin can carry out sweeping constitutional changes he spoke about at his annual address just hours earlier.

“For my part, I also want to thank you for everything that was done at this stage of our joint work, I want to express satisfaction with the results that have been achieved,” Putin told a meeting of ministers, according to Tass.

“Not everything was done, but everything never works out in full,” Putin said.

The news came shortly after Putin’s annual address to lawmakers. The Russian leader proposed a national vote on constitutional changes that would push power toward the prime minister and the parliament, and away from the presidency. It’s seen as potentially limiting the power of Putin’s successor if he steps down in 2024.

“After those amendments are adopted … there will be significant changes not only to a variety of constitution articles, but to the balance of power, namely to the executive, legislative and judicial branches of power,” Medvedev said, according to Tass.

The government in Russia consists of the prime minister, deputy prime ministers and federal ministers and their ministries and corresponds to the Western Cabinet-style structure. However, Moscow’s political system is widely seen as being an autocracy with Putin possessing much of the power.

Putin, 67, has led Russia for two decades as either prime minister or president, shifting between the roles in the current Russian constitution that prevents someone from serving more than two consecutive terms as president. But the latest move could be a way for him to circumvent or scrap that rule entirely as his fourth term in office is due to end in 2024.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: matt clinch holly ellyatt, matt clinch, holly ellyatt
Keywords: news, cnbc, companies, putin, changes, constitutional, work, russian, prime, consolidates, power, minister, president, resigns, ministers, according


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US and China agree to hold semiannual talks on reforms, WSJ says

Top negotiators from China and the United States at trade talks in Beijing on March 29, 2019. Washington and Beijing have agreed to hold semiannual talks with the aim of resolving disputes and pushing for reforms, according to a report by the Wall Street Journal which cited people familiar with the matter. The talks will be separate from the ongoing trade deal negotiations and revive an old format that current U.S. trade officials had previously derided, according to the WSJ. Citing an administr


Top negotiators from China and the United States at trade talks in Beijing on March 29, 2019.
Washington and Beijing have agreed to hold semiannual talks with the aim of resolving disputes and pushing for reforms, according to a report by the Wall Street Journal which cited people familiar with the matter.
The talks will be separate from the ongoing trade deal negotiations and revive an old format that current U.S. trade officials had previously derided, according to the WSJ.
Citing an administr
US and China agree to hold semiannual talks on reforms, WSJ says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: matt clinch
Keywords: news, cnbc, companies, hold, treasury, premier, liu, semiannual, trade, wsjciting, talks, according, beijing, report, deal, agree, china, wsj, reforms


US and China agree to hold semiannual talks on reforms, WSJ says

Top negotiators from China and the United States at trade talks in Beijing on March 29, 2019.

Washington and Beijing have agreed to hold semiannual talks with the aim of resolving disputes and pushing for reforms, according to a report by the Wall Street Journal which cited people familiar with the matter.

The talks will be separate from the ongoing trade deal negotiations and revive an old format that current U.S. trade officials had previously derided, according to the WSJ.

Citing an administration official and other anonymous sources briefed on the matter, it said that the effort would be headed by Treasury Secretary Steven Mnuchin and possibly Chinese Vice Premier Liu He.

Vice Premier Liu He is due to sign an initial “phase one” trade deal with the U.S. next week and he will visit Washington on Jan. 13-15, Beijing said on Thursday.

A spokesperson for the Treasury Department wasn’t immediately available for comment when contacted by CNBC.

Read the full report on the WSJ website here.


Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: matt clinch
Keywords: news, cnbc, companies, hold, treasury, premier, liu, semiannual, trade, wsjciting, talks, according, beijing, report, deal, agree, china, wsj, reforms


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Boeing 737 plane bound for Kyiv crashes in Iran, killing all 176 people on board

A Kyiv-bound Ukraine International Airlines Boeing 737 plane crashed minutes after takeoff from Tehran, Iran, on Wednesday, killing all 176 people on board. The Boeing 737-800, which was carrying 167 passengers and nine crew members, was an older model of the Boeing 737 — not a 737 Max, which has been grounded worldwide since mid-March after two fatal crashes. The airline uses the airport “to conduct training on Boeing 737 aircraft aimed at evaluating pilots’ proficiency and ability to act in em


A Kyiv-bound Ukraine International Airlines Boeing 737 plane crashed minutes after takeoff from Tehran, Iran, on Wednesday, killing all 176 people on board.
The Boeing 737-800, which was carrying 167 passengers and nine crew members, was an older model of the Boeing 737 — not a 737 Max, which has been grounded worldwide since mid-March after two fatal crashes.
The airline uses the airport “to conduct training on Boeing 737 aircraft aimed at evaluating pilots’ proficiency and ability to act in em
Boeing 737 plane bound for Kyiv crashes in Iran, killing all 176 people on board Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: leslie josephs matt clinch joanna tan, leslie josephs, matt clinch, joanna tan
Keywords: news, cnbc, companies, bound, international, kyiv, ukraine, 737, boeing, plane, killing, ukrainian, crash, board, 176, crashes, flight, iran, hours


Boeing 737 plane bound for Kyiv crashes in Iran, killing all 176 people on board

A Kyiv-bound Ukraine International Airlines Boeing 737 plane crashed minutes after takeoff from Tehran, Iran, on Wednesday, killing all 176 people on board. The Boeing 737-800, which was carrying 167 passengers and nine crew members, was an older model of the Boeing 737 — not a 737 Max, which has been grounded worldwide since mid-March after two fatal crashes. Flight 752 crashed shortly after 6 a.m. local time, minutes into the flight. Press photos showed emergency workers combing through a wide field of smoldering wreckage outside Tehran.

Search and rescue works are conducted at site after a Boeing 737 plane belonging to a Ukrainian airline crashed near Imam Khomeini Airport in Iran just after takeoff with 180 passengers on board in Tehran, Iran on January 08, 2020. Fatemeh Bahrami | Anadolu Agency | Getty Images

The cause of the crash, which came hours after Iran launched retaliatory missile strikes on U.S. positions in Iraq for the killing of Gen. Qasem Soleimani, was not immediately known. Such determinations take months, but Iran’s Fars news agency reported that the jet crashed due to technical problems, without providing more detail. The timing of the crash prompted speculation that a stray Iranian missile may have downed the plane and aviation experts and pilots told CNBC that engine failure appeared unlikely. Ukraine International Airlines said that the aircraft had been carrying citizens of Canada, Iran, Sweden and Ukraine. The carrier suspended flights to Tehran indefinitely. Ukraine’s foreign minister separately said there were four passengers from Afghanistan, three from Germany, and three from Britain. Ukraine International Airlines all but discounted pilot error and said the 3-year-old plane had been inspected Monday. “Given the crew’s experience, error probability is minimal,” said Ihor Sosnovsky, vice president of operations. “We do not even consider such a chance.”

The airline uses the airport “to conduct training on Boeing 737 aircraft aimed at evaluating pilots’ proficiency and ability to act in emergency cases,” he added. The flight had an experienced crew: Capt. Volodymyr Gaponenko, who had 11,600 hours on the 737, 5,500 of them as captain, Ukraine International said. He was joined by first officer Serhii Khomenko who had 7,600 hours on a 737 and instructor pilot Oleksiy Naumkin, who had 12,000 hours on the 737, with 6,600 as captain, the airline said.

Uncertainty over investigation

Under international law, the country where the crash took place leads the accident investigation but other nations often aid in the probe. Because the plane was a U.S.-made Boeing airliner, U.S. government officials and Boeing would normally be involved but tensions between the two countries called that into question. Iranian media reported that the country wouldn’t provide the black box, which contains flight data, to the U.S. or Boeing. It’s unclear whether Iranian officials will send the black box to another country to be analyzed.

Rescue workers and forensic investigators inspect the bodies of victims of a Ukrainian plane crash. airport, killing all onboard. Mahmoud Hosseini | picture alliance | Getty Images

Ukraine’s president, Volodymyr Zelenskiy, has also reportedly instructed the Ukrainian prosecutor general to open criminal proceedings over the crash, according to Reuters. The 737-800 plane is not a 737 Max, the type that regulators grounded worldwide in March after two fatal crashes in a span of five months, sending Boeing into its biggest crisis in its more than 100-year history. Ukraine International Airlines received the 737-800 jet in 2016 when it was new, according to Flightradar24, a flight-tracking site. Flight 752 stopped transmitting location data about two minutes into the flight, it added.

Rescue workers carry the body of a victim of a Ukrainian plane crash. Mahmoud Hosseini | picture alliance | Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-01-08  Authors: leslie josephs matt clinch joanna tan, leslie josephs, matt clinch, joanna tan
Keywords: news, cnbc, companies, bound, international, kyiv, ukraine, 737, boeing, plane, killing, ukrainian, crash, board, 176, crashes, flight, iran, hours


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US Treasury yields slip ahead of holiday season

U.S. Treasury yields slid on Tuesday amid a shortened week of trading due to the holiday season. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.9207%, while the yield on the 30-year Treasury bond was lower at 2.3486%. The move lower for yields comes after a rise on Monday. News that China will cut import tariffs on a wide range of goods has boosted global sentiment. China’s finance ministry announced starting January 1, it will lower i


U.S. Treasury yields slid on Tuesday amid a shortened week of trading due to the holiday season.
ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.9207%, while the yield on the 30-year Treasury bond was lower at 2.3486%.
The move lower for yields comes after a rise on Monday.
News that China will cut import tariffs on a wide range of goods has boosted global sentiment.
China’s finance ministry announced starting January 1, it will lower i
US Treasury yields slip ahead of holiday season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-24  Authors: matt clinch
Keywords: news, cnbc, companies, trading, treasury, tariffs, import, fed, holiday, slip, yields, season, ahead, yield, dec, lower


US Treasury yields slip ahead of holiday season

U.S. Treasury yields slid on Tuesday amid a shortened week of trading due to the holiday season.

At around 2:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.9207%, while the yield on the 30-year Treasury bond was lower at 2.3486%.

The move lower for yields comes after a rise on Monday. Investors have been taking more risk and dumping bonds for equities as stocks rally into year end. Solid economic data on Monday showed November new home sales were a seasonally adjusted 719,000, less than expectations but up from a revised 710,00 in October, according to the U.S. Census Bureau.

News that China will cut import tariffs on a wide range of goods has boosted global sentiment. China’s finance ministry announced starting January 1, it will lower import tariffs on over 850 products ranging from frozen pork to some types of semiconductors.

U.S. markets will finish trading early on Dec. 24 and will be closed on Dec. 25, Christmas Day.

On the data front, Philadelphia Fed non-manufacturing figures are due out at 8:30 a.m. ET and a Richmond Fed survey is out at 10 a.m. ET. There are no Treasury auctions scheduled for Tuesday.

—CNBC’s Yun Li and Michael Sheetz contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-12-24  Authors: matt clinch
Keywords: news, cnbc, companies, trading, treasury, tariffs, import, fed, holiday, slip, yields, season, ahead, yield, dec, lower


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Boris Johnson’s Brexit bill set to be passed through UK Parliament

Britain’s Prime Minister Boris Johnson reacts as he is greeted by staff, arriving back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government, in London, Britain December 13, 2019. U.K. Prime Minister Boris Johnson will test out his new parliamentary majority on Friday by putting his Brexit bill to a new vote in the House of Commons. If passed into law, it would mean that the U.K. would leave the EU on January 31, three-and-a-half years after the 2


Britain’s Prime Minister Boris Johnson reacts as he is greeted by staff, arriving back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government, in London, Britain December 13, 2019.
U.K. Prime Minister Boris Johnson will test out his new parliamentary majority on Friday by putting his Brexit bill to a new vote in the House of Commons.
If passed into law, it would mean that the U.K. would leave the EU on January 31, three-and-a-half years after the 2
Boris Johnson’s Brexit bill set to be passed through UK Parliament Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: matt clinch
Keywords: news, cnbc, companies, brexit, bill, set, majority, johnsons, passed, london, parliament, johnson, prime, boris, britain, minister, vote


Boris Johnson's Brexit bill set to be passed through UK Parliament

Britain’s Prime Minister Boris Johnson reacts as he is greeted by staff, arriving back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government, in London, Britain December 13, 2019.

U.K. Prime Minister Boris Johnson will test out his new parliamentary majority on Friday by putting his Brexit bill to a new vote in the House of Commons.

Lawmakers agreed to the bill in principle in October but rejected a short timeframe to ratify it, which ultimately led to last week’s general election. The public vote gave Johnson a huge 80-seat majority in the lower chamber of Parliament and effectively broke the deadlock that has plagued British politics in recent years.

The “second reading” of the bill on Friday will be followed by a vote at around 3:00 p.m. London time and it would then require further debate in both chambers early next year. If passed into law, it would mean that the U.K. would leave the EU on January 31, three-and-a-half years after the 2016 referendum.

Changes to the bill from October are seen as controversial by many. The new bill would outlaw any extension to the U.K.’s transition period which is set to run until December 31, 2020. This would tighten the gap that Britain has to agree a trade deal with the EU — increasing the chances of a no-deal Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: matt clinch
Keywords: news, cnbc, companies, brexit, bill, set, majority, johnsons, passed, london, parliament, johnson, prime, boris, britain, minister, vote


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UK lawmakers back Boris Johnson’s withdrawal bill in major step toward Brexit

Britain’s Prime Minister Boris Johnson leaves Downing Street on his way to Buckingham Palace after the general election in London, Britain, December 13, 2019. U.K. Prime Minister Boris Johnson successfully tested his new parliamentary majority on Friday, with lawmakers approving his amended Brexit bill, which puts the country on course to leave the European Union by Jan. 31. Lawmakers have agreed to the legislation in principle and it will now be debated further by both chambers of Parliament ea


Britain’s Prime Minister Boris Johnson leaves Downing Street on his way to Buckingham Palace after the general election in London, Britain, December 13, 2019.
U.K. Prime Minister Boris Johnson successfully tested his new parliamentary majority on Friday, with lawmakers approving his amended Brexit bill, which puts the country on course to leave the European Union by Jan. 31.
Lawmakers have agreed to the legislation in principle and it will now be debated further by both chambers of Parliament ea
UK lawmakers back Boris Johnson’s withdrawal bill in major step toward Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: matt clinch
Keywords: news, cnbc, companies, britain, johnson, step, voting, prime, way, withdrawal, major, johnsons, minister, lawmakers, bill, brexit, boris, parliament


UK lawmakers back Boris Johnson's withdrawal bill in major step toward Brexit

Britain’s Prime Minister Boris Johnson leaves Downing Street on his way to Buckingham Palace after the general election in London, Britain, December 13, 2019.

U.K. Prime Minister Boris Johnson successfully tested his new parliamentary majority on Friday, with lawmakers approving his amended Brexit bill, which puts the country on course to leave the European Union by Jan. 31.

Lawmakers have agreed to the legislation in principle and it will now be debated further by both chambers of Parliament early next year. But it now looks likely that it will complete its passage with 358 MPs (members of Parliament) backing it and 234 voting against it.

Changes to the bill from October are seen as controversial by many. The new bill would outlaw any extension to the U.K.’s transition period which would run to Dec. 31, 2020. This would tighten the gap that Britain has to agree a trade deal with the EU — increasing the chances of a no-deal Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: matt clinch
Keywords: news, cnbc, companies, britain, johnson, step, voting, prime, way, withdrawal, major, johnsons, minister, lawmakers, bill, brexit, boris, parliament


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Boris Johnson’s Brexit bill set to be passed through UK Parliament

Britain’s Prime Minister Boris Johnson reacts as he is greeted by staff, arriving back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government, in London, Britain December 13, 2019. U.K. Prime Minister Boris Johnson will test out his new parliamentary majority on Friday by putting his Brexit bill to a new vote in the House of Commons. If passed into law, it would mean that the U.K. would leave the EU on January 31, three-and-a-half years after the 2


Britain’s Prime Minister Boris Johnson reacts as he is greeted by staff, arriving back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government, in London, Britain December 13, 2019.
U.K. Prime Minister Boris Johnson will test out his new parliamentary majority on Friday by putting his Brexit bill to a new vote in the House of Commons.
If passed into law, it would mean that the U.K. would leave the EU on January 31, three-and-a-half years after the 2
Boris Johnson’s Brexit bill set to be passed through UK Parliament Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: matt clinch
Keywords: news, cnbc, companies, passed, prime, parliament, johnson, majority, minister, bill, london, set, boris, vote, brexit, johnsons, britain


Boris Johnson's Brexit bill set to be passed through UK Parliament

Britain’s Prime Minister Boris Johnson reacts as he is greeted by staff, arriving back at Downing Street, after meeting Queen Elizabeth and accepting her invitation to form a new government, in London, Britain December 13, 2019.

U.K. Prime Minister Boris Johnson will test out his new parliamentary majority on Friday by putting his Brexit bill to a new vote in the House of Commons.

Lawmakers agreed to the bill in principle in October but rejected a short timeframe to ratify it, which ultimately led to last week’s general election. The public vote gave Johnson a huge 80-seat majority in the lower chamber of Parliament and effectively broke the deadlock that has plagued British politics in recent years.

The “second reading” of the bill on Friday will be followed by a vote at around 3:00 p.m. London time and it would then require further debate in both chambers early next year. If passed into law, it would mean that the U.K. would leave the EU on January 31, three-and-a-half years after the 2016 referendum.

Changes to the bill from October are seen as controversial by many. The new bill would outlaw any extension to the U.K.’s transition period which is set to run until December 31, 2020. This would tighten the gap that Britain has to agree a trade deal with the EU — increasing the chances of a no-deal Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: matt clinch
Keywords: news, cnbc, companies, passed, prime, parliament, johnson, majority, minister, bill, london, set, boris, vote, brexit, johnsons, britain


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‘Everybody’s suffering’ in the Gulf because of the Qatar blockade, Eni CEO says

The CEO of Italian oil and gas firm Eni has backed a return to diplomatic ties between Qatar and its powerful neighbors, telling CNBC that a removal of a blockade against the country would be “good for everybody.” When there is communication, when there is good relationships it’s good,” Claudio Descalzi told CNBC’s Hadley Gamble during the Doha forum in Qatar. Saudi Arabia, along with Bahrain, the United Arab Emirates and Egypt imposed an economic and diplomatic blockade on the small Arab state


The CEO of Italian oil and gas firm Eni has backed a return to diplomatic ties between Qatar and its powerful neighbors, telling CNBC that a removal of a blockade against the country would be “good for everybody.”
When there is communication, when there is good relationships it’s good,” Claudio Descalzi told CNBC’s Hadley Gamble during the Doha forum in Qatar.
Saudi Arabia, along with Bahrain, the United Arab Emirates and Egypt imposed an economic and diplomatic blockade on the small Arab state
‘Everybody’s suffering’ in the Gulf because of the Qatar blockade, Eni CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-14  Authors: matt clinch
Keywords: news, cnbc, companies, world, good, vehemently, diplomatic, gulf, qatar, ceo, united, small, suffering, eni, everybodys, trouble, blockade, arab


'Everybody's suffering' in the Gulf because of the Qatar blockade, Eni CEO says

The CEO of Italian oil and gas firm Eni has backed a return to diplomatic ties between Qatar and its powerful neighbors, telling CNBC that a removal of a blockade against the country would be “good for everybody.”

“I think it would make life easier to everybody. When there is communication, when there is good relationships it’s good,” Claudio Descalzi told CNBC’s Hadley Gamble during the Doha forum in Qatar.

“We have, already, a lot of issues, trouble in the world to look for … everybody’s suffering in the area because of this situation,” he said, adding that “peace would be good for everybody.”

Saudi Arabia, along with Bahrain, the United Arab Emirates and Egypt imposed an economic and diplomatic blockade on the small Arab state in June 2017, accusing it of supporting terrorism. Qatar vehemently denies the accusations.

The blockade has impacted air travel, shipping and trade routes and media, among other sectors. However, there are now early signs that relations might be improving. Speaking to Reuters on Saturday, Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said there has been “small progress” in resolving the 2-1/2 year dispute.

—CNBC’s Holly Ellyatt contributed to his article.


Company: cnbc, Activity: cnbc, Date: 2019-12-14  Authors: matt clinch
Keywords: news, cnbc, companies, world, good, vehemently, diplomatic, gulf, qatar, ceo, united, small, suffering, eni, everybodys, trouble, blockade, arab


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Brexit deal will be a ‘good thing for the UK economy,’ US Treasury Secretary says

Finally completing the Brexit divorce deal between the EU and the U.K. will provide much needed stability for the British economy, U.S. Treasury Secretary Steven Mnuchin told CNBC Saturday. “My expectation is that the prime minister will now get his deal on Brexit done. Which I think is a good thing for the U.K. economy. “I’ve been hearing for too long ‘they’re in, they’re out, they’re in, they’re out’ and we’ll begin trading discussions with them. “Britain and the United States will now be free


Finally completing the Brexit divorce deal between the EU and the U.K. will provide much needed stability for the British economy, U.S. Treasury Secretary Steven Mnuchin told CNBC Saturday.
“My expectation is that the prime minister will now get his deal on Brexit done.
Which I think is a good thing for the U.K. economy.
“I’ve been hearing for too long ‘they’re in, they’re out, they’re in, they’re out’ and we’ll begin trading discussions with them.
“Britain and the United States will now be free
Brexit deal will be a ‘good thing for the UK economy,’ US Treasury Secretary says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-14  Authors: matt clinch
Keywords: news, cnbc, companies, theyre, treasury, good, majority, deal, stability, minister, trading, economy, trade, secretary, brexit, thing, trump


Brexit deal will be a 'good thing for the UK economy,' US Treasury Secretary says

Finally completing the Brexit divorce deal between the EU and the U.K. will provide much needed stability for the British economy, U.S. Treasury Secretary Steven Mnuchin told CNBC Saturday.

Prime Minister Boris Johnson won a general election with a thumping majority this week and looks set to complete the first stage of Brexit at the end of January. However, three-and-a-half years of wrangling means it’s begins schedule and that delay has hurt business sentiment and investments.

Speaking to CNBC’s Hadley Gamble at the Doha Forum, Mnuchin said he expects Johnson will now get his deal on Brexit done with his commanding majority in the House of Commons and said the two sides were “absolutely” moving toward trade discussions.

“My expectation is that the prime minister will now get his deal on Brexit done. Which I think is a good thing for the U.K. economy. The U.K. just needs stability on this issue,” he said.

“I’ve been hearing for too long ‘they’re in, they’re out, they’re in, they’re out’ and we’ll begin trading discussions with them. We’re very much looking forward that trading relationship,” he added.

Johnson’s Conservatives now have 365 parliamentary seats, a majority of 80 in the House of Commons. The result, which proved even more decisive than pollsters had forecast, follows a bitterly-fought and divisive election campaign.

In a tweet published Friday morning, President Donald Trump offered his congratulations to the newly-elected prime minister, describing the better-than-expected result for his friend as a “great win.”

“Britain and the United States will now be free to strike a massive new trade deal after Brexit,” Trump said. “This deal has the potential to be far bigger and more lucrative than any deal that could be made with the E.U. Celebrate Boris!”

—CNBC’s Sam Meredith contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-12-14  Authors: matt clinch
Keywords: news, cnbc, companies, theyre, treasury, good, majority, deal, stability, minister, trading, economy, trade, secretary, brexit, thing, trump


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