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A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024. France's BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions. Milan-based UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany's second-largest lender with a 21% stake. UniCredit, which took a 9% stake in Commerzbank earlier this month, appears to have caught German authorities off guard with the potential multibillion-euro merger. Germany's position on UniCredit's swoop has prompted some to accuse Berlin of favoring European banking integration only on its own terms.
Persons: CNBC's Charlotte Reed, Lars Machenil, Germany's Commerzbank, Machenil, Olaf Scholz, Scholz, Berlin Organizations: BNP, SA, Bank of America Financials, Spain's BBVA, Banco Sabadell Locations: Paris, France, U.S, Asia, Europe, Milan, Frankfurt, Germany's
Kirill Kudryavtsev | Afp | Getty ImagesEuropean banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Whatever the outcome of UniCredit's swoop on Commerzbank, Marsh said the episode marks "another huge test" for German Chancellor Olaf Scholz. What is Europe's banking union? OMFIF's Marsh said Germany's opposition to UniCredit's move on Commerzbank means Berlin "now stands accused of favouring European banking integration only on its own terms." The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.
Persons: Kirill Kudryavtsev, Italy's UniCredit, David Marsh, Marsh, Olaf Scholz, Scholz, , Germany's Scholz, OMFIF's Marsh, UniCredit's, Daniel Roland, Onur Genç, Mario Centeno, CNBC's, , Centeno Organizations: European Central Bank, Afp, Getty, London, European Union, CNBC, BBVA, Banco Sabadell, Reuters, European Central Bank's Governing, EU Locations: Frankfurt, Germany, Germany's, Milan, Europe, Commerzbank, Italy, Berlin, Spanish, Brussels, Spain
German Greens leadership quits after series of election blows
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
25 September 2024, Berlin: The German Green Party leaders Omid Nouripour and Ricarda Lang resign. Photo: Fabian Sommer/dpa (Photo by Fabian Sommer/picture alliance via Getty Images)The joint leaders of the German Greens, Omid Nouripour and Ricarda Lang said they would step aside, making way for a new leadership to be elected at the next party congress. The decision comes after a series of heavy election defeats for the party, which serves in Social Democrat Chancellor Olaf Scholz's coalition.
Persons: Omid Nouripour, Ricarda Lang, Fabian Sommer, Omid, Chancellor Olaf Scholz's Organizations: German Green Party, Getty, German Greens, Social Locations: Berlin
Tourists take pictures under the rain in front of the Eiffel Tower in Paris. LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe's growth outlook return to the fore. The U.K.'s FTSE index is expected to open 4 points higher at 8,253, Germany's DAX up 23 points at 18,852, France's CAC 40 up 19 points at 7,518 and Italy's FTSE MIB 16 points higher at 33,610, according to data from IG. Market participants will be keeping an eye on shares of Commerzbank Tuesday after the stock fell around 5.7% Monday after German Chancellor Olaf Scholz criticized what he described as UniCredit's "hostile" and "unfriendly" move on the bank, Reuters reported. His comments came shortly after Italy's UniCredit announced it had increased its stake in the German lender to around 21% and submitted a request to boost the holding to up to 29.9%, signaling a takeover bid might be on the cards.
Persons: Germany's DAX, Olaf Scholz, Italy's UniCredit Organizations: Eiffel, LONDON, CAC, IG, Reuters Locations: Paris
“Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD General Secretary Kevin Kuehnert. “For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. SPD party members and supporters react during the publication of exit polls in Potsdam. Provisional official results suggested it had gained 5.7 percentage points since the last Brandenburg election in 2019. With the Greens failing to re-enter Brandenburg state parliament, Woidke’s SPD cannot continue its coalition with the CDU and Greens.
Persons: Olaf Scholz’s, Scholz, , ” Scholz, Dietmar Woidke, “ Dietmar Woidke, , Kevin Kuehnert, Tobias Schwarz, Woidke, Tino Chrupalla, Sahra Wagenknecht Organizations: Olaf Scholz’s Social Democrats, SPD, State, Politico, United Nations, Brandenburg SPD, ARD, ZDF, Communist, Getty, Provisional, Greens, Free Democrats, CDU Locations: Brandenburg, Germany, Berlin, New York, Ukraine, Potsdam, Russia, Thuringia, Saxony, Europe
Germany's Social Democratic Party narrowly beat the hard-right Alternative for Germany in Brandenburg. SPD's win came after a historic loss to the far-right earlier this month. AdvertisementAfter a historic loss to the far-right earlier this month, Germany's ruling Social Democratic Party (SPD) party narrowly dodged another blow this weekend. German Chancellor Olaf Scholz's Social Democratic Party (SPD) is projected to have won the election in the state of Brandenburg, albeit by less than two percentage points. Preliminary exit polls in Brandenburg showed the SPD at 30.9%, narrowly edging out the far-right Alternative for Germany (AfD) party with 29.2%.
Persons: SPD's, , Olaf Scholz's Organizations: Germany's Social Democratic Party, Sahra Wagenknecht Alliance, Service, Social Democratic Party, SPD, Olaf Scholz's Social Democratic Party, Business Locations: Germany, Brandenburg
Europe could be drifting in to a downturn as its biggest economies, Germany and France, fight political and economic woes at home. In Germany, composite purchasing manager's index (PMI data) measuring business activity in both sectors, came in at XXXX, down from XXX in August. In France, meanwhile, the composite PMI fell in September to an eight-month low of 47.4 from 53.1 in August. In the euro zone as a whole, the PMI data showed a decline from XXX last month to XXX, in September. Once Europe's poster-child for growth, Germany is now likened to the "sick man" of Europe by economists.
Persons: Pariser, , Chancellor Olaf Scholz's, J.P, Greg Fuzesi Organizations: Pariser Platz, PMI, Social Democratic Party, SPD Locations: Berlin, Germany, Europe, France, Brandenberg, Thuringia, Saxony, Morgan
The AfD became the first far-right party to win a state election in Germany since World War II, in Thuringia, on Sept. 1 and just missed first place in Saxony. Hans-Christoph Berndt, the AfD candidate for Brandenburg state premier, cast his ballot on Sunday in the town of Golssen, south of Berlin, expressing optimism about his party’s prospects with increased support compared to 2019. Narrow the gapIn recent weeks, the SPD has managed to narrow the gap with the AfD, opinion polls have shown. AfD party leader Tino Chrupalla said Scholz should do the same. “It is high time this government suffer the consequences after this state election,” Chrupalla said.
Persons: Chancellor Olaf Scholz’s, Hans, Christoph Berndt, we've, ” Berndt, won’t, Scholz, Brandenburg’s, Dietmar Woidke, Woidke, pollster Forschungsgruppe Wahlen, ” Woidke, Tino Chrupalla, ” Chrupalla Organizations: Chancellor Olaf Scholz’s Social Democrats, Communist, Brandenburg, Social Democrats, SPD, Sahra Wagenknecht, Scholz’s, Free Democrats, Greens Locations: German, Brandenburg, Germany, Thuringia, Saxony, Europe, Ukraine, Scholz’s, Golssen, Berlin, Potsdam
BERLIN Reuters —German Chancellor Olaf Scholz’s Social Democrats (SPD) looked set to fend off the far right in a state election in Brandenburg on Sunday after trailing behind the Alternative for Germany (AfD) throughout the campaign, exit polls indicated. “Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD party general secretary Kevin Kuehnert. “For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. The SPD is polling just 15% at national level, down from the 25.7% it scored in the 2021 federal election. Maryam Majd/Getty Images/FileNo time for complacencyThe vote in Brandenburg comes three weeks after the Russia-friendly AfD became the first far-right party to top a state election in Germany since World War Two, in Thuringia.
Persons: Olaf Scholz’s, Scholz, Dietmar Woidke, “ Dietmar Woidke, , Kevin Kuehnert, Olaf Scholz, Maryam Majd, Woidke, Tino Chrupalla, Sahra Wagenknecht Organizations: BERLIN Reuters —, Olaf Scholz’s Social Democrats, SPD, ZDF, Brandenburg SPD, ARD, Communist, Greens, Free Democrats Locations: Brandenburg, Germany, Berlin, Ukraine, Russia, Thuringia, Saxony, Europe
These are now the new realities on all of Germany’s land borders. On September 16, Berlin ordered the “temporary reintroduction of border control” at Germany’s borders with Belgium, Holland, Luxembourg, France and Denmark. The calls for more checks on Germany’s borders also mark a step-change at the heart of the European Union from Merkel’s policies. In 2015, the long-serving, and ever popular former German chancellor Merkel opened Germany’s borders to migrants fleeing their homes - at the time largely Syrians because of the country’s civil war. The moves by Merkel became known as Wilkommenskulturand and set Germany apart on the world stage in liberal migration policy.
Persons: ” Slubice, , Tom Knie, Olaf Scholz, ” –, Angela Merkel, Patrick Pleul, Bjoern Hoecke, , Victory, Alice Weidel, Scholz, , ” Raphael Bossong, Merkel, Maja Hitij, Knaus, ” Knaus Organizations: CNN, German Federal, European Union, Getty, German Institute of International and Security Affairs, Scholz’s Social Democratic Party, Police, Locations: Frankfurt, der, “ Frankfurt, , Polish, German Federal Republic, Poland, Germany, Berlin, Germany’s, Belgium, Holland, Luxembourg, France, Denmark, Austria, Czech Republic, Switzerland, Oder, Manheim, Solingen, Thuringia, East, Saxony, Brandenburg, “ Germany
CNN —Germany has begun new controls at all of its land borders as part of a crackdown on migration, placing restrictions on a wide area of free movement known as the Schengen Zone and stirring anger among its European neighbors. From Monday, as well as existing border controls with Austria, Switzerland, the Czech Republic and Poland, Germany will now also have internal border controls with France, Luxembourg, the Netherlands, Belgium and Denmark. Berlin will have the power to reject people at all land borders, a statement from the Interior Ministry said. The move marks how far Germany has shifted in recent years on the flashpoint issue of migration. Under European Union rules, member states have the ability to temporarily reintroduce border control at internal borders in the event of a serious threat to public policy or internal security.
Persons: Angela Merkel, Maja Hitij, Nancy Faeser, Donald Tusk, , , Chancellor Olaf Scholz, Ukraine – Organizations: CNN, Schengen, Interior Ministry, Union, Poland’s, Germany, Germany’s, Migration, ISIS Locations: Germany, Austria, Switzerland, Czech Republic, Poland, France, Luxembourg, Netherlands, Belgium, Denmark, Berlin, Kenya, Polish, Warsaw, Greece, Europe, East, Ukraine, Solingen
CNN —Germany has struck a controlled migration deal with Kenya, which will see Berlin open its doors to skilled and semi-skilled Kenyan workers. The deal was signed by German Chancellor Olaf Scholz and Kenya’s president William Ruto on Friday. Migration is a major flashpoint in Germany, and has fueled the rise of the far-right Alternative for Germany (AfD) party. As well as deterring irregular migration, the deal is intended to address labor market needs in both countries, providing opportunities for Kenyan workers while supplementing an ageing Gemany’s shortage of skilled laborers. According to the German government, there are currently around 14,800 Kenyan citizens living in Germany.
Persons: Olaf Scholz, William Ruto, Ruto, Nancy Faeser, , Organizations: CNN, German, Ministry, ISIS Locations: Germany, Kenya, Berlin, Solingen
That wasn’t an option in their native Russia, but it’s possible now that they live in Germany, which recognizes same-sex weddings. Subbotina campaigned for her partner’s release while also trying to make her life behind bars as tolerable as possible. Now, “I feel that I’m in a really free country,” Subbotina said, as they make plans for a life together in the quiet city of Koblenz in western Germany. The next day, Skochilenko was finally able to embrace Subbotina, who flew to Germany when she heard the news. Freed Russian artist Sasha Skochilenko shows a painting she made of herself in Koblenz, Germany.
Persons: Sasha Skochilenko, ” Skochilenko, Subbotina, ” Subbotina, Skochilenko, , , , “ We’ve, Vladimir Putin’s, ‘ Sonya, I’m, , Andrei Pivovarov, Olaf Scholz, Freed, Michael Probst, ” They’ve, Sasha Organizations: Associated Press, Church, Russian Locations: Russia, Germany, East, Ukraine, Koblenz, St . Petersburg, Skochilenko, , Moscow, Moscow’s, Ankara, Turkey, Freed Russian
The effort took on extra urgency in March 2023, when the Russians arrested Gershkovich, a senior administration official said. Days later, NBC News reported that a deal that could have sprung Navalny, Gershkovich and Whelan had been in the works. After Biden and Scholz met on Feb. 9, Scholz told Biden he was on board. Vice President Kamala Harris also discussed the prisoner swap with Scholz, telling him that Krasikov was a critical component of getting a prisoner swap with Russia, a White House official said. That was when he called the Slovenian prime minister to make sure his country was ready to release the Russian in their custody.
Persons: Evan Gershkovich, Brittney Griner, Biden, Viktor Bout, Paul Whelan ’, Whelan, Paul Whelan, Antony Blinken, , ” Blinken, Sergei Lavrov, Gershkovich, Blinken, Lavrov, ” Lavrov, , ” Gershkovich, Alexei Navalny, Navalny, Vadim Krasikov, Zelimkhan, Olaf Scholz, Krasikov, Griner, Whalen, Joe Biden, Scholz, Kamala Harris, Jake Sullivan, Elizabeth Whelan, Sullivan, Vladimir Kara, Murza, Kurmasheva, ” Biden Organizations: Wall Street, Marine, AP, NBC News, Berlin, White, Biden Locations: Russia, Poland, Slovenia, Norway, Berlin, Moscow, Germany, Chechen, Russian, U.S, Nevada, Slovenian
In addition to Mr. Gershkovich, the prisoners freed by Russia included Paul Whelan, a former U.S. Marine arrested in 2018, and the Russian dissident Ilya Yashin, the official said. The prisoners freed by the West included Vadim Krasikov, a convicted Russian assassin, the Turkish official said. The deal seemed sure to prompt jubilation among Western nations that had condemned the charges against Mr. Gershkovich and others as baseless and politically motivated. And it represented a political leap for Chancellor Olaf Scholz of Germany, whose government agreed to release Mr. Krasikov as part of the deal. Mr. Putin has referred to Mr. Krasikov as a patriot for his killing of a Chechen former separatist fighter in Berlin in 2019.
Persons: Anton TroianovskiMark Mazzetti, Evan Gershkovich, Gershkovich, Paul Whelan, Ilya Yashin, Vadim Krasikov, Biden, Vladimir V, Putin, Chancellor Olaf Scholz of Germany, Krasikov, Ivan Nechepurenko Organizations: Street Journal, U.S . Marine, West, Turkish Locations: Turkey, Russia, Russian, Ankara, U.S, Chechen, Berlin
The Russian officials took the proposal back to Moscow. It was a remarkably swift conclusion to years of painstaking negotiations between the US and more than half a dozen countries. Key to the deal was President Biden’s ability to persuade German Chancellor Olaf Scholz to release Krasikov, the Russian prisoner most keenly sought by Putin. Officials worked quietly throughout this year to get the German government to agree to release Krasikov — including entreaties from both Biden and Harris. President Biden sent a letter to Scholz in April, and the Germans at last agreed to release Krasikov in early June.
Persons: CNN —, Vadim Krasikov, who’d, who’s, Vladimir Putin, Paul Whelan, Evan Gershkovich, Bill Burns, Gershkovich, Whelan, Alsu Kurmasheva, Vladimir Kara, Murza, Kurmasheva, Joe Biden, Biden, Kamala Harris, Serdar Ozsoy, Biden’s, Olaf Scholz, Putin, Krasikov, Brittney Griner, Burns, , Viktor Bout, Alexey Navalny, Brendan Smialowski, Antony Blinken, James Rubin, Blinken, Annalena Baerbock, Jake Sullivan, Harris, Scholz, “ Chancellor Scholz, , Jake, , , Sullivan, Navalny, Paul, Evan, , Ronald Wittek, Kara, Robert Golob, Kurmasheva’s, Hostage Affairs Roger Carstens, Carstens, Jeff Flake, ” Flake, Flake, ” Sullivan Organizations: CNN, CIA, Wall Street, White, Base Andrews, Aircraft, Ankara Esenboga Airport, US Marine, WNBA, State Department, National Security Council, Krasikov, Getty, German, National, Biden, Munich, Conference, US, Munich Security, Aspen Security, Street, Hostage Affairs Locations: Eastern, Russia, Russian, Berlin, Moscow, American, Turkey, Ankara, Chechen, Slovenia, Norway, Poland, Washington , DC, AFP, Germany, , Munich, Washington, Slovenian, Mordovia,
Read previewA draft budget approved by Germany's government shows the country is planning to halve its military aid to Ukraine next year. The draft budget slashes the amount promised to Ukraine to $4.35 billion in 2025, compared to the roughly $8.14 billion it is receiving this year, Reuters reported. There are fears that Trump will scale back or even totally halt US aid to Ukraine. Germany is the second-biggest donor country by volume of military aid to Ukraine and is Europe's biggest economy. As such, the draft budget is a "moral hazard" for the country, Loss said.
Persons: , Christian Lindner, Lindner, Rafael Loss, Donald Trump, Mary, Trump, he's, MAGA, JD Vance, there's, Olaf Scholz, Scholz Organizations: Service, Reuters, German, Business, European Council, Foreign Relations, Ukraine, Politico, Trump Loss, NATO Locations: Ukraine, Germany, Berlin, Europe
Two-and-a-half years after Chancellor Olaf Scholz vowed to overhaul Germany’s military, his government’s proposed budget for 2025 calls for only a modest increase in defense spending. The draft budget was deeply disappointing to those looking for signs that Germany would live up to Mr. Scholz’s promise of a “Zeitenwende,” defined by the chancellor himself as an “epochal tectonic shift” in strategy, which he announced with great fanfare in the wake of Russia’s invasion of Ukraine. With the war in Ukraine grinding on, Russia continuing to saber-rattle and Donald J. Trump gaining momentum for a return to the White House, Germany has been under increasing pressure from its allies to step into a more robust security role. To live up to that pledge, Boris Pistorius, Germany’s defense minister, had asked for an increase of 6.7 billion, or $7.3 billion, over the 52 billion euros, or nearly $57 billion, in this year’s budget. The shortfall deepened concerns that Mr. Scholz’s unpopular government lacks the will or political backing to push Germans to overcome their historical reluctance to take the lead militarily since the calamity of World War II.
Persons: Chancellor Olaf Scholz, Scholz’s, Donald J, Boris Pistorius Organizations: Trump, White Locations: Germany, Ukraine, Russia
Reuters —Germany plans to halve its military aid to Ukraine next year, despite concerns that US support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House. German aid to Ukraine will be cut to €4 billion ($4.35 billion) in 2025 from around €8 billion in 2024, according to a draft of the 2025 budget seen by Reuters. Germany has faced criticism for repeatedly missing a NATO target of spending 2% of its economic output on defense. Days after Russia’s 2022 invasion of Ukraine, Chancellor Olaf Scholz announced a “Zeitenwende” – German for historic turning point - with a €100 billion special fund to bring the military up to speed. The defense budget is set to receive a meagre €1.3 billion more than in 2024, far below the €6.7 billion requested by Pistorius.
Persons: Donald Trump, Christian Lindner, Trump, JD Vance, Olaf Scholz, Kay Nietfeld, Chancellor Olaf Scholz, Boris Pistorius, Pistorius . Scholz, Zelensky, John MacDougall, , , Ingo Gaedechens Organizations: Reuters, House, Group, German, Washington, Ukraine, Trump, NATO, Social Democrats, Greens, Defense, Getty, CDU Locations: Germany, Ukraine, , Europe, United States, Russia, Irpin, Kyiv, Berlin
Germany to slash military aid budget in blow to Ukraine
  + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +3 min
Around 5.4 billion euros had been allocated to the fund in 2023, the budget outline shows. In recent years, large amounts of this section of the German budget has been allocated to support Ukraine following Russia's attack of the country. It also noted that Germany would continue to support Ukraine for as long as needed, in collaboration with its allies. The government had planned to re-allocate unused emergency debt, which was taken on during the Covid-19 pandemic, to its future spending plans. The German parliament will debate the draft budget when it returns from its summer break in September before it is finalized later in the year.
Persons: Christian Lindner, Donald Trump's, Sen, JD Vance, Olaf Scholz Organizations: Ukraine, CNBC, Reuters, Trump, Trump's, Military, NATO Locations: Germany, Ukraine, Russia
Read previewLeaders across the world have come out in support of former President Donald Trump after he survived an assassination attempt at a rally in Pennsylvania on Saturday. AdvertisementIsraeli Prime Minister Benjamin NetanyahuIsrael's Prime Minister, Netanyahu, said that he and his wife were "shocked" by the incident and that they were praying for Trump's recovery. Advertisement"Although we don't yet know exactly what happened, we should all be relieved that former President Trump wasn't seriously hurt," he wrote on X. Indian Prime Minister Narendra ModiIndia's Prime Minister said he was concerned about the attack on his "friend" and strongly condemned the incident. Dutch Prime Minister Dick SchoofSchoof expressed relief that Trump's injuries were seemingly minor and wished him a quick recovery.
Persons: , Donald Trump, Thomas Matthew Crooks, Crooks, Trump, Joe Biden, Barack Obama, Biden, Donald Trump’s, Jill, Kamala Harris Kamala Harris, Keir Starmer, Benjamin Netanyahu Israel's, Netanyahu, Sara, — Benjamin Netanyahu, בנימין, Justin Trudeau Canada's, Emmanuel Macron Macron, Volodymyr Zelenskyy Ukraine's, Barack Obama Obama, Trump wasn't, Trump wasn’t, … — Barack Obama, Olaf Scholz Olaf Scholz, Narendra Modi, Modi, Giorgia Meloni Meloni, il, degli, durante, pronta, , Fumio Kishida Japan's Kishida, Shinzo Abe, Anthony Albanese Albanese, Albanese, Dick Schoof Schoof, Viktor Orbán Orbán Organizations: Service, FBI, Business, Secret, Trump, UK, Indian, Narendra Modi India's, Italian, Dutch Locations: Pennsylvania, Bethel Park , Pennsylvania, Canada, France, Israel, Ukraine, America, Germany, dalla Pennsylvania, Mar
For more than six months, Russia has been carrying out a sabotage campaign across Europe, largely by proxy. “We’re seeing sabotage, we’re seeing assassination plots, we’re seeing arson. Russia’s sabotage campaign has, at times, smacked of a shotgun approach carried out by amateurs. In London in March, several men were charged with working with Russian intelligence services to set fire to a Ukrainian-linked warehouse. And French authorities last month detained a Russian-Ukrainian man who was allegedly building bombs as part of a sabotage campaign orchestrated by Moscow.
Persons: Armin Papperger, Olaf Scholz, Boris Pistorius, Fabian Bimmer, , , Adrienne Watson, “ Russia’s, Oliver Hoffman, ” Hoffman, Donald Tusk, Papperger, Dariusz Borowicz, Agencja Wyborcza.pl, Reuters “, ” CNN’s Zachary Cohen Organizations: CNN, Kyiv, Rheinmetall, NATO, National Security, NATO Allies, Embassy, intel, US, Reuters, Ukraine Locations: Ukraine, Europe, Kyiv, Germany, Berlin, Russia, West, Moscow, Papperger, Unterluess, United States, Washington, Russian, Polish, Lithuania, Poland, Ukrainian, London, Warsaw
CNN —The NATO summit was long planned to celebrate the alliance’s 75th anniversary, to lock in longterm military support for Ukraine and even to future-proof the West against a possible second term for Donald Trump. But his achievements, including Sweden and Finland’s entry into the group, will be eclipsed at the summit by his battle to save his political future. She added: “At this critical time for our country, President Biden must seriously consider the best way to preserve his incredible legacy and secure it for the future.”Biden will also have an important audience overseas. “Is it going to be President Biden? On the eve of the summit, Biden’s campaign distributed a memo lauding his leadership in keeping Kyiv standing more than two years after the Russian invasion.
Persons: Donald Trump, Joe Biden’s, George H.W, Biden, Sen, Patty Murray, ” Biden, Trump, Vladimir Putin, Kurt Volker, ” Volker, CNN’s Wolf Blitzer, Volker, , Joe Biden, John Kirby, , They’ve, Adam Smith, “ We’ve, CNN’s Jake Tapper, Joe ”, Putin, “ Donald Trump, Republican nominee’s, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Giorgia Meloni, Trudeau, Keir Starmer, CNN’s Alex Marquardt Organizations: CNN, NATO, Trump, Biden, United, Kyiv, Democratic, Senate, House Armed Services Committee, MSNBC, ABC News, Nordic, Republican, NATO Alliance, Canadian, Liberal Party, British Locations: Ukraine, Washington, George H.W . Bush, Sweden, Atlanta, Moscow, United States, Europe, Asia, European, Kyiv, Russian, Soviet Union, NATO, Toronto
Read previewPresident Joe Biden canceled an early evening meeting with the German chancellor Olaf Scholz at the last minute because he had to go to bed, according to a report by The Wall Street Journal. According to the report, the chancellor and his aides were surprised by Biden's absence and Blinken's appearance. Related storiesThe Journal report said that the White House has consistently reduced Biden's daily schedule and shielded him from impromptu meetings. AdvertisementBoth CNN and The New York Times have reported that Biden told governors he needed to get more sleep and stop holding events after 8 p.m. The White House has not responded to these claims.
Persons: , Joe Biden, Olaf Scholz, Antony Blinken, Biden, Axios, Donald Trump, ABC's George Stephanopolous, Abigail Disney, Walt Disney's grandniece Organizations: Service, Wall Street, Business, State Department, White, CNN, The New York Times, Democratic, Senate Foreign Relations, Trump, Alliance, Biden Locations: Germany, Ukraine, China, Russia, Washington
Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.
Persons: Bitcoin, it's, wasn't, bitcoin, , Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin
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