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Thursday's analyst calls feature upgrades to discount retailers TJX and Burlington and used car outlet Carvana, while there was more bad news for CVS Health following a tough earnings report Wednesday. He also raised his price target to $130 from $70, or 49.2% above Wednesday's close price. He lowered his price target by $25 to $60, or just 5.6% higher from Wednesday's close price. Analyst Jay Sole also lifted his price target to $132 from $104, indicating nearly 41% upside from Wednesday's close. He raised his price target to $212 from $126, suggesting shares could gain 19.1% from where they closed Wednesday.
Persons: Morgan Stanley, Joseph Moore, Moore, Samik Chatterjee, Chatterjee, Tal Liani, Liani, — Hakyung Kim, JPMorgan Carvana, Rajat Gupta, Gupta, Kevin Caliendo, Caliendo, Jay Sole, Sole, BURL, — Hakyung Kim —, Michael Bloom Organizations: CNBC, CVS Health, UBS, CVS, JPMorgan, Qualcomm, Wall Street, Samsung, Huawei, Edge, headwinds, " Bank of America, Microsoft, Burlington Discount, TJX Companies, Burlington Stores, Burlington Locations: Burlington, Carvana, CY24, seasonality, optionality, Maxx
Why Apple is betting big on India
  + stars: | 2024-04-22 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +26 min
I think one estimate put, at one point, I think China was producing something like 90% of the world's iPhones. So when we talk about, you know, Apple manufacturing elsewhere, it's going take a long time to significantly ramp up iPhone production elsewhere. And you know, opening a physical Apple store often for Apple is a sign of a big deal. But you know, Apple looking at India going, wow, we've only got 7% of market share there, we could grow huge amounts. And of course, as we know, with Apple, the hardware is the, you know, one side of the equation, but also, you know, Apple makes billions of dollars off of its services business, which includes things like its App Store fees, it's Apple Pay, Apple TV, all of those other products and services.
Persons: Tim Cook, Apple, it's, It's, Tom Chitty, we've, Arjun Kharpal, Arjun, they're, let's, hasn't, We've, they've, Apple's, that's, we're, There's, Narendra Modi, Arjun Kharpal It's, Tom Chitty Huawei, Kharpal Huawei, Tim Cook's, I've, haven't, He's, They've, Arjun Kharpal There's, Tom Chitty Oppo, Tom Chitty Xiaomi, Tom Chitty Samsung, You've, They're, Transsion, Tom, Tom Chitty I'm, Kharpal, Tom Chitty We'll Organizations: Apple, Bloomberg, CNBC, U.S, Arjun Kharpal It's Samsung, Samsung, China, Apple Watch, Huawei, IDC Locations: India, Foxconn, China, beyondthevalley@cnbc.com, Covid, Zhengzhou, Vietnam, Asia, Thailand, Indonesia, Southeast Asia, Mumbai, New Delhi, Xiaomi, Europe, U.S, Arjun Kharpal Vietnam, Hanoi , Vietnam, Hanoi, Taiwan, Beijing, America, Africa, The
New York CNN —Brazilian President Luiz Inácio Lula da Silva indirectly called out Elon Musk on the climate crisis on Tuesday, further increasing tensions between the country’s leaders and the billionaire businessman. Lula published the same comments in a post on X, the social media platform that Musk owns, further adding, “He will have to learn to live here. Lula’s comments come as tensions between Musk and Brazil steadily escalate. Brazilian Supreme Court Judge Alexandre de Moraes also announced he would open an inquiry into Musk. We are prohibited from saying which court or judge issued the order, or on what grounds,” the team wrote.
Persons: Luiz Inácio Lula da Silva, Elon Musk, Lula, Jorge Messias, Alexandre de Moraes, de Moraes, @Alexandre de Moraes, Musk, Moraes, “ brazenly, , Javier Milei, Jair Bolsonaro, Manuel Adorni, CNN’s Hanna Ziady, Duarte Mendonca, Ramishah Maruf Organizations: New, New York CNN, Union, Municipalities, Brazilian, Brazil ” Locations: New York, Mars, Brazil, Brazilian, Argentine, Texas, Brasilia, United States
By Sergio GoncalvesLISBON (Reuters) - The resignation of Portugal's prime minister will trigger instability that could delay economic reforms, while making it harder for the country to keep a balanced budget and further reduce debt, bankers warned on Thursday. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Sergio Goncalves LISBON, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Credit Suisse, Lloyds Banking Group, Santander Portugal, Caixa Geral Locations: Lisbon, Portugal, Horta, Caixa, Depositos
Antonio Horta Osorio, CEO of Lloyds Banking Group, arrives at a garden party at Buckingham Palace, London, May 22, 2018. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Antonio Horta Osorio, Simon Dawson, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Lloyds Banking Group, REUTERS, Rights, Credit Suisse, bcp, Santander Portugal, Caixa Geral, Thomson Locations: Buckingham Palace, London, Rights LISBON, Lisbon, Portugal, Horta, Caixa, Depositos
The EU's Global Gateway is designed to invest 300 billion euros, half of it in Africa, from 2021 to 2027. The projects are in areas such as energy, transport, education and research, along with partnerships to help the European Union secure minerals critical for its green transition and reduce reliance on China. Partnerships sealed during the two-day forum included one with Mauritania on green hydrogen and with Uzbekistan and Zambia on critical raw materials. The Global Gateway Forum came a week after China hosted a 10th anniversary celebration of the Belt and Road Initiative (BRI), where $97.2 billion worth of projects were signed. EU officials say the Global Gateway ensures local communities benefit from infrastructure projects and promotes high social and environmental standards.
Persons: Jutta Urpilainen, I'm, Urpilainen, Philip Blenkinsop Organizations: European Union, Forum, Initiative, Critics, International Partnerships, Thomson Locations: BRUSSELS, Africa, China, Mauritania, Uzbekistan, Zambia, EU
Republican presidential candidate Florida Governor Ron DeSantis speaks at the New Hampshire Republican Party's First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. When Troy Scheuermann, a chiropractor in Van Buren County stood up to introduce DeSantis at a campaign stop in Keosauqua (pop. For farmer Lance Lillibridge of Benton County, Iowa, a personal touch from DeSantis, a politician not known for his warmth, is what secured his support. RURAL ROADSIn a recent three-day swing through Iowa, DeSantis traveled through Davis County (pop. The Trump campaign said it has identified 1,800 in-state volunteers to support the campaign, as well as 200 county chairs representing all 99 counties.
Persons: Ron DeSantis, Brian Snyder, Donald Trump, Trump, DeSantis, Nikki Haley, Mike Pence, Tim Scott, Troy Scheuermann, Scheuermann, , , ” DeSantis, Van, Le Mars, Don Kass, Mike Van Otterloo, Van Otterloo, David Kochel, Jeb Bush, Mitt Romney, Kochel, Lance Lillibridge, Lillibridge, ” Lillibridge, Ted Cruz, Rick Santorum, Mike Huckabee, you’re, “ We’ve, Jessica Szymanski, Szymanski, James Oliphant, Gram Slattery, Nathan Layne, Ross Colvin, Claudia Parsons Organizations: Florida, New Hampshire Republican Party's, Nation Leadership Summit, REUTERS, Republican, Trump, Iowa, Ipsos, Iowa Republican, United Nations, Ukraine, PEOPLE Reuters, Reuters, Cream, Plymouth County, Supervisors, DeSantis, Iowa Corn Growers Association, Arkansas, , PAC, White, Thomson Locations: Nashua , New Hampshire, U.S, , Iowa, Iowa, Florida, DeSantis, Van Buren County, Keosauqua, Van Buren, Le Mars , Iowa, Plymouth, Benton County , Iowa, China, Davis County, Buena Vista County
The logo of Mexico's Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico February 28, 2019. Mexico could lure annual foreign direct investment flows of $55 billion to $60 billion if it takes better advantage of nearshoring, up from $36 billion in 2022, she said. That has dampened expectations Mexico could benefit from increased investment in semiconductors in North America. Mexico still faces competition to win investment from both North and Central America, plus Colombia, he said. "I don't think this measure is a game-changer to persuade those who have doubts," said Vejar.
Persons: Daniel Becerril, Gabriel Yorio, Andres Manuel Lopez Obrador, Gabriela Siller, Siller, Yorio, Lopez Obrador, Ramse Gutierrez, Franklin Templeton, Tesla, Carlos Vejar, Valentine Hilaire, Dave Graham, Anthony Esposito, Grant McCool, Sonali Paul Organizations: Mexico's Central Bank, Banco, REUTERS, MEXICO CITY, Banco Base, Central America, Thomson Locations: Banco de Mexico, Mexico City, Mexico, MEXICO, Asia, China, North America, Canada, United States, Franklin Templeton Mexico, Nuevo Leon, Mexican, North, Central, Colombia
EU to assess tech security risks and consider controls
  + stars: | 2023-10-03 | by ( ) www.reuters.com   time to read: +2 min
The European Commission said on Tuesday it had established a list of four technologies, as well a further six to look into later, as part of the European Economic Security Strategy it unveiled in June. The Commission stresses that it must first carry out a risk assessment with the EU's 27 members and consulting companies before determining any measures. "The risk assessment will be country agnostic, but we will take into account geopolitical factors to determine how severe those risks are," an EU official said. In advanced semiconductor technologies, areas of focus include microelectronics and chip-making equipment, in AI data analytics and object recognition, and for quantum cryptography, communications and sensing. The EU has previously carried out an assessment of the security of its 5G networks, which has led some EU countries to restrict use of equipment made by China's Huawei and ZTE.
Persons: China's, Philip Blenkinsop, Jan Harvey Organizations: European Union, European, European Economic Security, EU, China's Huawei, ZTE, Thomson Locations: BRUSSELS, China, EU, U.S, Japan, Britain, Australia
It's welcome news for Lula, who has promised to achieve zero deforestation in the Amazon by 2030 and is seeking to repair his country's environmental reputation. The government, however, has received criticism over its plans to open new oil fields near the mouth of the Amazon River. Dave Benett | Getty Images Entertainment | Getty ImagesThe Amazon is critical in absorbing the planet's carbon dioxide — making it a vital bulwark in the fight against climate change. Txai Surui, an indigenous leader and activist from the Brazilian Amazon, welcomed the trend of falling Amazon deforestation but criticized Lula's administration for its willingness to potentially develop offshore oil. "How are you doing agreements about deforestation and all these things and yet you want to explore [for oil]?"
Persons: Michael Dantas, Luiz Inácio Lula da Silva, Lula, Jair Bolsonaro's, Guajajara, Bolsonaro, Sonia Guajajara, Txai Surui, Dave Benett, Buda Mendes, Rui Costa, Costa, Lula's, Surui, Brazil's, Brazil Luiz Inácio Lula da Silva, Andressa Anholete, Guillermo Lasso, Tipping, Brazil's Guajajara Organizations: Afp, Getty, CNBC, IBAMA, FUNAI, Indigenous Peoples, Petrobras, Reuters, Amazon, Nature Sustainability, U.N Locations: Manaquiri, Amazonas, London, Indigenous Peoples of Brazil, Annabel's, England, Brazil, Maracana, Rio de Janeiro, Buda, Planalto, Brasilia, Ecuador
Filipino soldiers stand at attention near a Philippine flag at Thitu island in disputed South China Sea April 21, 2017. "Major concern is also seen in the Cross-Straits relations that has the potential to be the flashpoint in the region," the government said in the document, published by the National Security Council, referring to the Taiwan Strait. The plan also covered government food and energy security priorities and noted that the South China Sea "remains a primary national interest". To achieve energy security, the government said it would explore development of offshore reserves, including in the South China Sea, to help reduce dependence on imports. Ties with China have grown tense under Marcos, as the Philippines pivots back to traditional ally the United States.
Persons: Erik De Castro, Ferdinand Marcos Jr, Marcos, Karen Lema, Robert Birsel Organizations: REUTERS, Rights, National Security Council, Mutual Defense, U.S, Thomson Locations: Philippine, Thitu, China, Philippines, United States, Taiwan, Beijing, Japan, South, South China
The figures underscore broader trends in global banking, with investment banks struggling as deals are paused, while higher interest rates are a boon to other divisions. Analysts expect the retail unit will also overtake the investment bank as the main revenue driver for the full year, overturning the investment bank's pole position over the previous three years. Investment banking revenue dropped 11% during the quarter, better than an expected 16% drop. Deutsche Bank set out in 2019 to reduce dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability. Chief Financial Officer James von Moltke said the shift to the retail bank as the largest breadwinner was "significant" because the perception of the lender had been dominated over years by the investment bank, and Deutsche was becoming more balanced.
Persons: James von Moltke, Deutsche, Jeffrey Epstein, Tom Sims, Matthias Inverardi, Friederike Heine, Jamie Freed Organizations: Deutsche Bank, Reuters Graphics, Reuters, Deutsche, Reuters Graphics Deutsche, U.S . Federal Reserve, U.S, Thomson Locations: FRANKFURT
Taiwan's Foxconn to take 50% stake in ZF axle system unit
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, July 24 (Reuters) - Taiwan's Foxconn (2317.TW) will acquire a 50% stake in ZF Group's (ZFF.UL) axle system assembly unit, creating a joint venture aimed at growing automotive and supply chain opportunities, the companies said on Monday. The joint venture with Foxconn is part of ZF's strategy to grow specific business areas beyond current limits with external partners' support, the German company's chief executive, Holger Klein, told Reuters. "This business can grow very quickly, but it has relatively low margins. It needs fresh capital," which is why ZF had been looking for a partner, said Klein. The joint venture agreement is expected to become effective within six to nine months of signing pending regulatory approvals.
Persons: Foxconn, Holger Klein, Klein, Alexander Huebner, Friederike Heine, Miranda Murray, Rachel More Organizations: ZF Group's, Foxconn, Reuters, ZF, Thomson Locations: BERLIN, Berlin, Munich, China
Four VFX artists told Insider that AI could boost productivity and inspire creativity. Four visual-effects artists spoke to Insider about how generative AI could change their industry. Given its impressive capabilities, they believe AI has the potential to save visual-effects artists time on laborious tasks and create new forms of storytelling. Generative AI is impressing VFX artists — but it's not ready for prime timeAll four VFX artists who Insider spoke with said the quality of AI-generated animations impressed them. McCarron believes that the technology will enhance the quality of artists' work — not take over.
Persons: Runway's, Sebastien Francoeur, Francoeur, it's, Paul Franklin, Franklin, Christopher Nolan's, Mark Chavez, Jennifer Twiner McCarron, McCarron, Rick, Morty, It's, Mark Patch, Patch, Chavez, Organizations: Adobe, Marvel Studios, Disney, International Alliance, Employees, Thunderbird Entertainment, Netflix, PBS, Marvel Locations: Hollywood
Germany's Scholz hints at more chip investments
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
"I know of other plans by German companies and many others," Scholz told the Bundestag lower house of parliament after listing recent projects announced by chipmakers Intel (INTC.O) and Infineon (IFXGn.DE). He vowed that Germany's efforts would help companies become less dependent on semiconductor supplies from other regions, days after China announced restrictions on two metals used in high-speed computer chips. "Many people around the world have understood that we have to become resilient, and that there are certain industries that should necessarily be located here in Europe and in Germany," Scholz said. Intel announced plans last month to spend more than 30 billion euros ($33 billion) on developing two chip-making plants in the central city of Magdeburg. "It's an impressive signal that so many German and international companies are choosing Germany for the expansion of their semiconductor production," Scholz told the Bundestag.
Persons: Olaf Scholz, Scholz, Taiwan's TSMC, Tesla, Matthias Williams, Sarah Marsh, Miranda Murray, Friederike Heine, Emma Rumney Organizations: chipmakers Intel, Infineon, Union, Intel, Thomson Locations: BERLIN, Germany, Europe, China, Moscow, Magdeburg, Berlin
HOUSTON, June 30 (Reuters) - Negotiators representing Venezuela have held settlement talks with bondholders and creditors owed billions of dollars from defaults and expropriation claims, the head of a board supervising the country's foreign oil assets told Reuters. The U.S. has for years shielded Citgo from seizure under a license that will expire next month if not renewed. Some $2.6 billion in court-approved claims from Crystallex International, ConocoPhillips (COP.N), Siemens Energy (ENR1n.DE) and Red Tree Investments could be applied to auction proceeds. "We have progressed with the bondholders and Crystallex since party representatives officially met for the first time late last year and in February, respectively. IN 'GOOD FAITH'A negotiation team representing Venezuela also has held talks with ConocoPhillips, but they have not swapped financial proposals, he said.
Persons: Horacio Medina, Medina, Ryan Lance, Citgo, Marianna Parraga, Gary McWilliams, David Evans Organizations: Reuters, Citgo Petroleum, Crystallex International, ConocoPhillips, Siemens Energy, Tree Investments, U.S . Treasury, U.S, Thomson Locations: Venezuela, U.S, New York, Delaware, Washington
The situation has become so bad that residents are being forced to drink salty tap water and workers are drilling wells in the center of the capital to reach the water beneath the ground. Another, the Paso Severino, which normally serves 60% of the country’s population with fresh water, has seen the largest decrease in water levels on record. Water levels could be depleted completely in early July, according to local media reports. Low water levels at the Canelón Grande reservoir on March 13, 2023. As well as tasting salty, Uruguayan officials say the tap water also has a high level of chlorides, sodium, and trihalomethanes.
Persons: Luis Lacalle Pou, It’s, Paso Severino, Ernesto Ryan, Carlos Santos, , , Karina Rando, Lacalle Pou, Santos, Eitan Abramovich, , Daniel Panario, Panario, OSE, Ana Ferreira, ” Friederike Otto, Miguel Doria, hydrologist, Uruguay “, Doria, ” Gerardo Amarilla, ” Doria Organizations: CNN —, National Commission, Defense of Water, University of, CNN, of Public Health, , Getty, Parque, of Ecology, University of the, Bloomberg, United Nations Educational, Cultural Organization, UNESCO, Uruguay’s Ministry of, United, Montevideo don’t Locations: CNN — Uruguay, American, Uruguay, country’s, Montevideo, Republic, la Plata, Paso, South America’s, San, , University of the Republic, America, Argentina, Caribbean, United Nations
Auto firms have been slow to plan for graphite shortages, focusing mainly on better-known battery materials lithium and cobalt, even though graphite is the largest battery component by weight. Graphite shortages are expected to rise in coming years, with a global supply deficit of 777,000 tonnes expected by 2030, Project Blue projections showed. China produces 61% of global natural graphite and 98% of the final processed material to make battery anodes, BMI said. Agreeing graphite supply deals is complex, requiring extensive safety testing for material going into each model of EV that can take up to three years. Natural graphite anodes tend to be cheaper and are beneficial for cell capacity and power output, allowing cars to run further distances before charging.
Persons: Tomas Bergman, Handout, there's, Mark Thompson, Australia's, Northvolt, Thompson, Talga, Mercedes, Brent Nykoliation, Tesla, George Miller, Reitumetse, Eric Onstad, Veronica Brown, Sharon Singleton Organizations: Talga Group, Reuters, Mercedes, Auto, Australia's Talga, BMO Capital Markets, Benchmark Mineral Intelligence, BMI, Reuters Graphics, Toyota, Ford, Tesla Inc, Toyota Motor Corp, Ford Motor, Benz, Renault, NextSource, Syrah Resources, Magnis Energy Technologies, U.S, European Union, Thomson Locations: Norrbotten, Sweden, China, Madagascar, Mozambique, United States, Europe, U.S, Mauritius, CHINA, Western
[1/2] A view shows the logo of Sber (Sberbank) at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Anton Vaganov/File PhotoMOSCOW, June 14 (Reuters) - Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro. "As Sberbank has highlighted, the bank supports the trend of de-dollarisation and constantly increases the number of foreign currencies available to clients," Sberbank said in a statement. Sberbank has more than 100 million retail clients and already offers deposits in China's yuan and UAE dirhams. "Other soft currencies are still only looking for their consumers in Russia, acting as niche offers," he added.
Persons: Anton Vaganov, Sberbank, Anatoly Pechatnikov, Elena Fabrichnaya, Alexander Marrow, Louise Heavens, Sharon Singleton Organizations: St ., Economic, REUTERS, U.S ., UAE dirhams, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, MOSCOW, Moscow, yuan, UAE
[1/5] Saudi Arabia's Crown Prince Mohammed bin Salman (L) meets with US Secretary of State Antony Blinken in Jeddah in Jeddah, Saudi Arabia June 7, 2023. Amer Hilabi/Pool via REUTERSJEDDAH, Saudi Arabia, June 7 (Reuters) - U.S. Secretary of State Antony Blinken had an "open, candid" conversation with Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday about a wide range of bilateral issues, a U.S. official said. Blinken and the crown prince, known as MbS, met for an hour and forty minutes, a U.S. official said, covering topics including Israel, the conflict in Yemen, unrest in Sudan as well as human rights. In April, Saudi Arabia restored ties with Iran, a regional rival and Israel's arch-foe. MbS and Blinken also discussed Yemen and potential ways to resolve remaining issues, while Blinken thanked the crown prince for the kingdom's role in pushing for a ceasefire in Sudan and helping evacuate U.S. citizens.
Persons: Saudi Arabia's Crown Prince Mohammed bin Salman, Antony Blinken, Amer Hilabi, Saudi Crown Prince Mohammed bin Salman, Prince Mohammed, Blinken's, Donald Trump, Jonathan Fulton, Fulton, Blinken, Humeyra Pamuk, Aziz El Yaakoubi, El, Raju Gopalakrishnan, Mark Potter Organizations: Saudi Arabia's Crown, REUTERS, Saudi Crown, U.S, MbS, United, New York Times, Saudi, However U.S, Atlantic Council, Washington, ., normalising Saudi, Twitter, Thomson Locations: Jeddah, Saudi Arabia, REUTERS JEDDAH, Iran, Washington, Riyadh, United States, Arabia, OPEC, Israel, Yemen, Sudan, East, United Arab Emirates, Bahrain, However, China, Arab, Beijing, Saudi
White House national security adviser Jake Sullivan traveled to Saudi Arabia on May 7. Speaking at the pro-Israel lobby group the American Israel Public Affairs Committee on Monday, Blinken said Washington had "a real national security interest" in advocating for the normalization of diplomatic relations between Israel and Saudi Arabia, but cautioned that it will not happen quickly. "[Blinken should explain] why Chinese interests do not align with Saudi Arabia, and why closer relations in a strategic way inhibit closer relations with Washington," Goldberg said. U.S. citizens and residents with family members detained in Saudi Arabia called on Blinken in a letter on Tuesday to press Saudi officials for an immediate release of their relatives. The list included prominent cleric Salman al-Odah, children of former spy chief Saad al-Jabri, human rights defender Mohammed al-Qahtani and aid worker Abdulrahman al-Sadhan.
Persons: Antony Blinken, Prince Mohammed bin Salman, Jake Sullivan, Blinken, Washington, Richard Goldberg, Goldberg, Joe Biden, Prince Mohammed, Jamal Khashoggi, Biden, Bashar al, Assad, Salman al, Saad al, Mohammed al, Abdulrahman, Arshad Mohammed, Simon Lewis, Aziz El Yaakoubi, Leslie Adler, Sharon Singleton Organizations: Saudi, White House, diplomat's, Israel, American Israel Public Affairs, Foundation for Defense of Democracies, MbS, Arab, U.S, Thomson Locations: Saudi Arabia, Riyadh, Iran, Jeddah, U.S, Israel, Saudi, Washington, Syria
Germany's Defense Minister Boris Pistorius was part of the the Shangri-la Dialogue, Asia's largest security forum, over the weekend. Decoupling from China is not an option, but finding a path to de-risk and reduce dependencies is important, Germany's Defense Minister Boris Pistorius told CNBC's Sri Jegarajah at the event. Australia's Trade Minister Don Farrell told CNBC in April that he's hopeful other tariffs put in place could be removed as well. China seen as a 'disruptive power'China is an "increasingly disruptive power" to peace in the region, Anita Anand, Canada's defense minister said, told CNBC. Speaking at the event Sunday, China's defense minister addressed the issue.
Persons: Boris Pistorius, CNBC's, Pistorius, That's, Richard Marles, Marles, Don Farrell, Anita Anand, Anand, we'll, Li Organizations: Germany's, Getty, SINGAPORE, CNBC, CNBC's Sri, World Trade Organization, China, Australia's Trade Locations: Australia, Canada, Germany, Singapore, China, CNBC's Sri Jegarajah, Canberra, Beijing, Taiwan
We're looking to de-risk and diversify our relationship with China," Biden told a press conference, adding that G7 nations were more unified than ever in terms of "resisting economic coercion together and countering harmful practices that hurt our workers." Biden suggested a shift in U.S.-China relations could occur soon, echoing his comment to reporters before his departure. "In terms of talking with them, I think you're going to see that thaw very shortly," Biden said. On the issue of tensions between China and Taiwan, Biden said there was a clear understanding among most of the allies that if China were to act unilaterally against Taiwan, there be a response. Biden reiterated that the United States and G7 allies would not trade in materials that would allow China to build weapons of mass destruction, but that was "not a hostile act."
Net profit attributable to shareholders was 1.158 billion euros ($1.28 billion). That compared with profit of 1.060 billion euros a year earlier, and was better than analysts' expectations for a profit drop to around 977 million euros. "We have worked hard to achieve this stability," Deutsche Bank Chief Executive Officer Christian Sewing told employees in a memo. Revenue at the investment bank unit fell 19% to 2.7 billion euros in the first quarter from a year earlier. The investment bank's revenue decrease was countered by gains at the corporate bank and retail bank, which saw 35% and 10% increases.
WASHINGTON, April 12 (Reuters) - French finance minister Bruno Le Maire said on Wednesday that France and Europe want to pursue an independent policy path from the United States and China, but intend to be "strong and reliable allies of the United States of America." Asked about Macron's comments, Le Maire said the controversy was "much ado about nothing" because the French president has been advocating such an approach for years. I mean that on the geopolitical issues, on the industrial issues, on the technological issues, we want Europe to be more independent," Le Maire said. He said Macron spoke with U.S. President Joe Biden before visiting China and said the U.S., France and Europe have a "coordinated approach" to relations with China. Le Maire said Macron had asked China to hold more dialogue on Taiwan-related issues.
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