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☆ European leaders are planning a $4.3 billion Iron Dome-style defense system
▼ + stars: | 2024-05-22 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewEuropean countries are preparing to reveal plans for a $4.3 billion Iron Dome-style air and missile defense system, Poland's prime minister announced on Monday. The European Sky Shield Initiative, or ESSI, is conceived as a means to jointly procure ground-based interoperable air defense systems. There is no reason for Europe not to have its missile defense shield," Tusk said, per The Telegraph. Related storiesIsrael's Iron Dome has long been seen as one of the world's most advanced air defense systems, protecting the country's skies from rockets and other projectiles. AdvertisementWhile a direct hot-war attack by Russia on NATO Europe is not considered an immediate likelihood, many countries — particularly those that border Russia — are deeply alarmed.

Persons: —, . Donald Tusk, Tusk, ESSI, Olaf Scholz, It's, Andrzej Duda Organizations: Service, AVN, European Council, Kyiv Post, Business, Sky Shield Initiative, Telegraph, NATO, Patriots, IRIS Locations: Kyiv, Israel, Europe, Russia, Iran, NATO Europe, Ukraine, Germany, Austria, Switzerland, Turkey, Greece, German, ESSI

☆ Quince Restaurant Sues E-Commerce Brand, Says It Stole Its Name
▼ + stars: | 2024-03-15 | by ( Kate Taylor | ) www.businessinsider.com time to read: +10 min

Tusk told BI that Last Brand has "continuously expanded their product line smack dab into our backyard." According to Gupta, the founders renamed the brand Quince in 2020 upon its official launch to play on the word quintessential, a reference to the brand selling premium essentials. "Off the record, we were eating at a sister restaurant to a three-Michelin-starred restaurant named Quince in SF, and we really loved the name," Gupta said. For now, the restaurant Quince will continue to deal with confused customers. "I know that we're outmatched and all that, but it kind of left us no choice," Tusk told BI.

Persons: Lindsay Tusk, She'd, Michael, Everett Noel, Tusk, Quince, —, Sid Gupta, Zachary Briers, " Briers, David —, Gupta, Leslie Williamson, Daniel Page, Last, Page Organizations: MICHELIN, Michelin, Better, Inc, Last Brand Inc, The New York Times Style Magazine, TV, FedEx, YouTube, Last, Brand Locations: San Francisco, Italy, San Francisco's, The, Bolinas , California

WARSAW, Poland (AP) —U.S. President Joe Biden will host Poland’s President Andrzej Duda and Prime Minister Donald Tusk for a meeting in Washington on March 12, the 25th anniversary of Poland’s joining the NATO Alliance, the White House said Thursday. The declaration of support has special significant now, when political infighting in U.S. Congress is stalling approval of a $60 billion aid package for Kyiv. Poland last year spent some 4% of its GDP on defense and has earmarked some 3.1% of its 2024 GDP for the purpose. The U.S.-Polish strategic energy security partnership, economic ties and “shared commitment to democratic values” will also be a theme of discussions. Duda hails from the right-wing party that ruled until December, and he has accused Tusk's government of violating Poland's constitution and using authoritarian methods.

Persons: Joe Biden, Andrzej Duda, Donald Tusk, Poland’s, Karine Jean, Pierre, “, Tusk, Duda, Tusk's Organizations: —, NATO Alliance, Congress, NATO Locations: WARSAW, Poland, Washington, U.S, Kyiv, Warsaw

☆ Analysis: In Poland, Donald Tusk is spoiling for a fight. His populist opponents are hitting back
▼ + stars: | 2024-01-27 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

The country’s public television channel, TVP, which essentially became a mouthpiece for the previous government, has been ripped off the air. Omar Marques/Getty ImagesBut Tusk – a politician with a reputation for pragmatism and restraint – showed his intentions within days of taking office. “It became symbolic of the excesses of the PiS government,” Bill said of TVP’s transformation into a Hungarian-style state-captured medium. “One of the unifying forces of PiS supporters is distrust, or even hatred, of Donald Tusk,” Kucharczyk said. Nonetheless, after eight years of populist rule that hardened the battle lines of Polish politics, much of the public is spoiling for a fight.

Persons: Donald Tusk, ”, “, Jacek Kucharczyk, Tusk, ’, Kucharczyk, Stanley Bill, Bill, “ It’s, Andrzej Duda, PiS, Omar Marques, –, Duda, ” Bill, ” Kucharczyk, TVP, ” Tusk, Ursula von der Leyen, Tusk’s, Jaap Arriens, messier Organizations: CNN, Law, Justice, of Public Affairs, Polish Studies, University of Cambridge, TVP, Twitter, National Media Council, Police, European Union, “ Locations: Poland, Polish, Warsaw, Hungarian, Tusk’s, Brussels, TVP

In Hungary, central bank governor Gyorgy Matolcsy is under pressure from Viktor Orban's government to cut rates further ahead of local and European Parliament elections next year. Reuters GraphicsTANGIBLE BENEFITSA 2021 World Bank survey found that political meddling in central bank policy led to sustained periods of high inflation in emerging market economies such as Turkey and Argentina. "Attempts to bring the president of the NBP before the State Tribunal can be directly interpreted as an attack on the independence of the central bank," the spokesman said. How those premia evolve will depend partly on how politics in Poland and Hungary is perceived by investors to influence the central banks in the months to come. "Everything else being equal, the less independent the central bank, the more real yield you need to have to be compensated for the risk," said Arif Joshi at Lazard Asset Management.

Persons: Adam Glapinski, Gyorgy Matolcsy, Viktor Orban's, Donald Tusk's, Karen Vartapetov, Paul Gamble, Glapinski's, Glapinski, Marta Kightley, Orban, Peter Virovacz, Arif Joshi, Karol Badohal, Gergely, Mark John, Toby Chopra Organizations: WARSAW, Law and Justice, U.S . Federal Reserve, EU, Sovereign, Investor, Emerging, Fitch, Local, ING, Lazard Asset Management, Thomson Locations: Hungarian, Poland, Hungary, BUDAPEST, Europe, Turkey, Argentina, WARSAW

☆ Poland election: Donald Tusk's pro-European opposition seems set to oust populists, but tense days lie ahead
▼ + stars: | 2023-10-17 | by ( Rob Picheta | ) edition.cnn.com time to read: +3 min

PiS finished ahead of opposition party Civic Coalition (KO), led by former Polish Prime Minister and European Council President Donald Tusk, on 30.7%. Tusk had promised to restore democratic norms in Poland and cooperate with Western European allies, among whom Warsaw was fast becoming a pariah. Poland’s PiS-aligned President, Andrzej Duda, is expected to give the PiS every chance to form a government before turning over proceedings to Poland’s new block of opposition lawmakers. According to the Polish constitution, the president must call a new parliamentary session within 30 days of the election. Tusk had painted the election as a last chance to save Polish democracy.

Persons: CNN —, PiS, Donald Tusk, Tusk, Poland’s, Andrzej Duda, Mateusz Morawiecki, ” Organizations: CNN, Justice, National Electoral Commission, Civic Coalition, Polish, European, Tusk’s, Western, Confederation, Democracy, European Union Locations: Warsaw’s, Poland, Warsaw, Kyiv, Ukraine

The conservative Law and Justice party, which has governed the country for eight turbulent years, won slightly over 35% of the votes, making it the single party with the most votes. But the party and its leader Jarosław Kaczyński lost their majority in parliament and appeared to have no way to hold onto power. The official ballot announced by the National Electoral Commission aligns closely with an exit poll released after voting ended Sunday. Political Cartoons View All 1211 ImagesThe result was a huge victory for Donald Tusk, the head of the largest opposition group, Civic Coalition. The National Electoral Commission said that Law and Justice won slightly over 35% of the votes, and the far-right Confederation, a possible ally, about 7%.

Persons: Jarosław Kaczyński, Donald Tusk Organizations: Justice, National, Commission, Law, Civic Coalition, European Council, European Union, Electoral Commission, Left Locations: WARSAW, Poland, Germany, Russia, Ukraine

☆ Clean energy fans should not expect too much from pro-EU Poland
▼ + stars: | 2023-10-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +7 min

Indeed, the pace of Poland's clean energy supply growth may more often undershoot expectations than exceed them over the near term, even with a significant swing in political power. POWER SYSTEM CHANGES ALREADY UNDERWAYA major reason for climate trackers to expect only modest shifts in clean energy policies and momentum going forward is that Poland's energy system has already substantially cleaned up its electricity generation mix in recent years. Between 2018 and 2022, Poland's electricity producers boosted clean electricity supply capacity by over 150% so that clean sources now account for roughly 40% of total electricity capacity, up from 20% in 2018, data from think tank Ember shows. BACKLOGS BREWINGEmerging problems linking new clean generation assets with Poland's electric grid are a key reason why clean power growth may slow going forward. Pushing power costs lower may even trump plans to further clean up the power generation system, which may only add to power generation costs over the near term despite resulting in lower emissions in the long run.

Persons: Donald Tusk, Donald Tusk's, Gavin Maguire, Sonali Paul Organizations: European Union Civic Coalition, European, Poland's Institute, Reuters, Thomson Locations: LITTLETON , Colorado, Poland, Germany, Ukraine, Europe, LSEG, Western Europe

☆ Analysis: EUphoria! Poland election surprise spurs investor hope
▼ + stars: | 2023-10-16 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), delivers a speech after the exit poll results are announced in Warsaw, Poland, October 15, 2023. As Europe’s sixth-largest economy, a revitalised pro-EU attitude in Poland would be particularly welcome. The 66-year old Tusk and his pro-EU coalition allies may still have to wait weeks or even months though before getting a turn at forming a government. Duda has referred the issue at the heart of that row to a constitutional tribunal in Poland. The central bank though has slashed interest rates at its last two meetings as the election campaign burst into life.

Persons: Donald Tusk, Kacper, Poland's, Daniel Moreno, Mirabaud, PiS, Moreno, Hungary's Viktor Orban, Robert Fico, Tusk, Andrzej Duda, Duda, Viktor Szabo, Fitch, Szabo, Adam Glapinski, PiS ., Simon Quijano, Evans, Libby George, Karin Strohecker, Josie Kao Organizations: Civic Coalition, REUTERS, European Union, Law and Justice, European, EU, Brussels, PiS, Gemcorp, Ukraine, Reuters, Thomson Locations: Warsaw, Poland, Brussels, Europe, EU, Slovakia, Britain, London

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), speaks after the exit poll results are announced in Warsaw, Poland, October 15, 2023. A late Ipsos exit poll published early on Monday gave PiS 36.6% of the vote, which would translate into 198 lawmakers in the 460-seat lower house of parliament. RECORD TURNOUTThe late exit poll had been delayed, and some commentators linked this to a record turnout of nearly 73%, the highest since the fall of communism in 1989. Tusk, 66, was jubilant following the announcement of the first exit poll results on Sunday. This is the end of the PiS government," he told party members.

Persons: Donald Tusk, Kacper, Tusk, Donald Tusk's, Cezary Tomczyk, Andrzej Duda, Duda, Mateusz Morawiecki, Joachim Brudzinski, Brudzinski, Wladysław Kosiniak, Jaroslaw Kaczynski, Lidia Kelly, Alan Charlish, Shri Navaratnam, Gareth Jones Organizations: Civic Coalition, REUTERS, EU WARSAW, European Union, Law, Justice, European, EU, TVN, Polish Peasants's Party, Local, Democracy, Thomson Locations: Warsaw, Poland, Brussels, Europe, Wrocław, Gdansk, Melbourne

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), speaks after the exit poll results are announced in Warsaw, Poland, October 15, 2023. The incumbent Law and Justice (PiS) party has repeatedly clashed with the European Union over the rule of law, media freedom, migration and LGBT rights since it swept to power in 2015. An Ipsos exit poll published early on Monday gave PiS 36.6% of the vote, which would translate into 198 lawmakers in the 460-seat lower house of parliament. On Monday, Duda urged patience until the full election results were known. However, with the far-right Confederation seen winning just 6.4%, below expectations, according to the exit poll, PiS will struggle to forge a new government.

Persons: Donald Tusk, Kacper, Donald Tusk's, Tusk, Lee Hardman, Andrzej Duda, Duda, PiS, Wladyslaw Kosiniak, Kamysz, beholden, Iga Frackiewicz, Lidia Kelly, Alan Charlish, Gareth Jones Organizations: Civic Coalition, REUTERS, EU, Justice, European Union, European, Polish Peasants ' Party, Thomson Locations: Warsaw, Poland, WARSAW, Brussels, Europe, Polish, Wrocław, Gdansk, Melbourne

☆ Poland's opposition leader Tusk says 3 parties have enough votes to unseat the Law and Justice party
▼ + stars: | 2023-10-15 | by ( ) www.cnbc.com time to read: +4 min

Polish opposition leader Donald Tusk said that three opposition parties had sufficient votes to win the general election on Sunday after an exit poll projected that they had enough combined support to oust Law and Justice, the governing conservative nationalist party. The Ipsos exit poll suggested that the opposition together has likely won 248 seats in the 460-seat lower house of parliament, the Sejm. Law and Justice, according to the projection, obtained 200 seats, while the far-right Confederation got 12 seats. The exit poll has a margin of error of plus or minus 2 percentage points. Law and Justice won nearly 44% of the vote in 2019, but has been polling in recent weeks at more than 30%.

Persons: Donald Tusk, Tusk, Jaroslaw Kaczynski, Kaczynski Organizations: Civic Coalition Party, Women, Elections, Justice, Law, Democracy, Poland, Tusk's Civic Coalition, European Union, Votes, EU, Senate, Foreign Ministry Locations: Lodz, Poland, Polish, Ukraine, Russia

The Ipsos exit poll suggested that the opposition together has likely won 248 seats in the 460-seat lower house of parliament, the Sejm. Law and Justice, according to the projection, obtained 200 seats, while the far-right Confederation got 12 seats. Votes were still being counted and the state electoral commission says it expects to have final results by Tuesday morning. Law and Justice won nearly 44% of the vote in 2019, but has been polling in recent weeks at more than 30%. In a sign of the emotions generated by the vote, more than 600,000 Poles registered to vote abroad.

Persons: Donald Tusk, Tusk, Jaroslaw Kaczynski Organizations: Justice, Law, Democracy, Poland, ”, Tusk's Civic Coalition, European Union, Votes, EU, Senate, Foreign Ministry Locations: WARSAW, Poland, Ukraine, Russia, Polish

☆ Polish president signs 'Tusk Law' on undue Russian influence
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +3 min

Opposition figures have nicknamed it Lex Tusk, using the Latin word for law. "In a normal democratic country, somebody who is president of that country would never sign such a Stalin-esque law," PO lawmaker Marcin Kierwinski told private broadcaster TVN 24. CONCERNSThe Polish Judges' Association Iustitia said the law breached European Union values and could prompt more punitive EU measures over democratic backsliding in Poland. Poland's dependence on Russian energy has progressively declined, even before Russia invaded Ukraine in February 2022. The construction of a liquefied natural gas (LNG) import terminal, allowing the import of non-Russian gas, started when Tusk was in power.

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